Skip to main content

Posts

Showing posts from June 26, 2021

MLB Team Washington Nationals Partners With Terra Blockchain Community, Ballpark Plans to Accept UST

On February 9, the American professional baseball team based in Washington, D.C., the Washington Nationals, announced the team has partnered with Terra, the open-source blockchain platform and decentralized autonomous organization (DAO). The Washington Nationals detail that the team is a “leading innovator” and is “consistently introducing new technologies to enhance the fan experience.” Washington Nationals Ink Long-Term Deal With Terra Major League Baseball (MLB) team the Washington Nationals has partnered with the blockchain platform and DAO Terra, according to an announcement published by the team on Wednesday. The deal with Terra follows a slew of sports-related deals with crypto firms, but the MLB team will be the first to partner with an open-source blockchain project. In addition to the partnership, the algorithmic stablecoin UST that’s issued on the Terra blockchain will be “accepted as a payment method at Nationals Park as early as next season.” “The Nationals continue t...
Post a Comment
Read more

Bitcoin’s Hashrate Recoups Some Loss, 2021’s Largest Mining Difficulty Drop Expected Next Week

On Saturday, Bitcoin’s SHA256 hashrate managed to climb back above the 100 exahash per second region after it slid to a low of 91 EH/s three days ago. Meanwhile, in five days the network’s mining difficulty change is approaching and it could see the difficulty drop over 20%. Bitcoin Hashrate Climbs Back Above 100 EH/s, Difficulty Could Drop More Than 20% Next Week Statistics show that bitcoin (BTC) miners are processing blocks a lot faster, as the hashrate has improved during the last 48 hours. On June 26, 2021, the network’s hashrate jumped back above the 100 EH/s zone . The hashrate fell to 91 EH/s on June 23, 2021, following the crackdowns in China stemming from five Chinese provinces with the most recent being Sichuan. Between then and over the last three days, the hashrate has increased 9-13%. The next mining difficulty drop is expected to happen in five days and at current processing power, it could drop around 20.57%. At the time of writing, the network’s mining diff...
Post a Comment
Read more

Iran Counts 30 Crypto Mining Farms Licensed to Mint Digital Currencies

Iranian authorities have so far authorized 30 facilities for cryptocurrency mining. The crypto mining farms are spread across several regions, including Tehran Province. The government has put out the data amid a crackdown on illegal miners in the country. A Third of Authorized Mining Farms Are Based in Two Provinces The Iranian Ministry of Industries, Mining, and Trade has issued licenses to 30 cryptocurrency mining centers, the Financial Tribune revealed this week, quoting official figures published on the department’s website. One of these mining farms is based in Tehran Province where the nation’s capital is situated. Semnan Province, the administrative region to the east of Tehran, is home to the largest number of licensed facilities, with six crypto farms. Alborz Province is next with four, followed by Mazandaran, East Azerbaijan, and Zanjan provinces. The ministry has also issued 2,579 establishment permits for new industrial units across the Islamic Republic, 305 of whic...
Post a Comment
Read more

Tesla’s Elon Musk and Twitter’s Jack Dorsey Agree to Have ‘the Talk’ at Bitcoin Event ‘B Word’

Tesla CEO Elon Musk and Twitter CEO Jack Dorsey have agreed to have “the talk” at the bitcoin event called “The B Word,” which aims to show institutional investors how they can embrace bitcoin. Elon Musk vs. Jack Dorsey at Bitcoin Event Tesla and Spacex CEO Elon Musk and Twitter and Square CEO Jack Dorsey have agreed to have a discussion at a bitcoin event called “ The B Word .” According to its website, The B Word event will take place on July 21. It is a “Bitcoin focused initiative that aims to demystify and destigmatize mainstream narratives about Bitcoin, explain how institutions can and should embrace it, and raise awareness around areas of the network that need support,” its website details. Dorsey, who will be a featured speaker at the event, tweeted promoting the event on Thursday. “As more companies and institutions get into the mix, we all want to help protect and spread what makes bitcoin open development so perfect. This day is focused on education and actions to do ju...
Post a Comment
Read more

3 reasons why Quant (QNT) price rallied 125% this week

QNT price defied the bearish market trend by rallying 125% after a successful listing on Coinbase and endorsements from well-established tech companies. Real-world use cases and delivered value are important when evaluating the long-term prospects of a cryptocurrency project, and this is especially true in down markets when sentiment is low and the possibility of an extended bear market is a reality.  One project that has been gaining momentum over the past month despite the market-wide downturn is Quant (QNT), an interoperability-focused project designed to help enterprises integrate and operate distributed ledger technology (DLT). QNT/USDT 4-hour chart. Source: TradingView Data from Cointelegraph Markets Pro and TradingView shows that following a brief dip to $44 on June 22 as the entire crypto market faced a sell-off , the price of QNT surged more than 125% to establish a new record high at $99.11 on June 25. Coinbase bump in full effect The rapid turnaround in the p...
Post a Comment
Read more

Guggenheim CIO Predicts ‘Real Bottom’ of Bitcoin, Warns BTC Price Could Fall to $15,000

The chief investment officer of asset management firm Guggenheim, Scott Minerd, thinks he knows where the real bottom of bitcoin’s price is. He warns that the price of the cryptocurrency could fall to the $15K level. Guggenheim’s Scott Minerd Sees Bitcoin Bottom The chief investment officer (CIO) of Guggenheim Partners, Scott Minerd, is back with another bearish prediction for bitcoin and a forecast of where the “real bottom” of the bitcoin price is. Minerd is also the chairman of Guggenheim Investments, the global asset management and investment advisory division of Guggenheim Partners. Guggenheim Investments has about $270 billion in total assets under management across fixed income, equity, and alternative strategies. He said in an interview with CNBC Friday: The real bottom, when you look at the technicals, $10,000 would be the real bottom. You know, that’s probably a little extreme, so I would say $15,000. This prediction followed his comment Tuesday on Twitter when he wr...
Post a Comment
Read more

Binance to cease operations in Ontario following regulatory crackdown

Ontario's crypto exchange crackdown continues as Binance plans to end operations Dec. 31, 20201. On the tails of a warning from Japanese regulators on Friday, Binance has announced in a short statement yesterday that it will cease providing services to users located in Ontario.  “As part of our continuing compliance efforts, Binance has updated its Terms of Use to provide that Ontario (Canada) has become a restricted jurisdiction, effective 2021-06-26 at 3:59:59 AM (UTC). Regrettably, Binance can no longer continue to service Ontario-based users. Ontario-based users are advised to take immediate measures to close out all active positions by December 31, 2021,” a statement on their website reads. Binance did not return a request for comment by publication time.  In recent weeks Ontario has emerged as one of the most aggressive cryptocurrency regulators. On April 19th, the regulator introduced new prospectus and registration requirements for cryptocurrency exchanges. Last ...
Post a Comment
Read more

Data fails to conclude that Bitfinex shorts are depressing Bitcoin price

A significant surge in Bitfinex short contracts is being attributed to Bitcoin’s current downturn but there are other major factors at play. One of the most common errors traders make when analyzing cryptocurrency markets is taking an exchanges' bid and ask data and traded volumes at face value. When doing this type of analysis, the trader has to exclude the trading venues mentioned on multiple 'fake trading volumes' reports, like the one Bitwise published in March 2019 . There's really no way to know if the top exchanges inflate their volumes by granting special access and zero fees for market makers. Even the exchanges themselves have no way to know if a group of users are related or conducting multiple transactions among themselves to inflate prices or volumes. There are hundreds, if not thousands of influencers, pump and dump chat rooms, trading apps, and the like. Therefore, not every wash trade or transaction between related entities has been brainstormed by ...
Post a Comment
Read more

Crypto Travel Rule Working Group Launches 2.0 Protocol ‘Solving the Discoverability Problem’

Just before the Financial Action Task Force (FATF) published the organization’s 12-month review, a working group called the Travel Rule Protocol (TRP) released its 2.0 version of the TRP crypto application programming interface (API) in order to “simplify the end-user crypto exchange experience.” TRP is backed by big banks like Fidelity Investments, Standard Chartered, and ING Bank and 25 virtual currency service providers (VASPs). Travel Rule-Focused Crypto Working Group Releases Protocol Version 2.0 The Travel Rule Protocol (TRP) is an organization that aims to enhance crypto financial transaction data in order to comply with KYC/AML policy. The organization is backed by large financial institutions and crypto exchanges and custodians like Bitgo, Coinbase, Kraken, and Gemini. The Travel Rule Protocol (TRP) was revealed last year as 25 American-based VASPs published a paper showing how the businesses aim to comply with the FATF Travel Rule. The organization also released a TRP cr...
Post a Comment
Read more

John McAfee tributes, El Salvador’s bold plans, altcoin fears: Hodler’s Digest, June 20–26

Coming every Saturday, Hodlers Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more a week on Cointelegraph in one link. Top Stories This Week   Remembering John McAfee: Computer programmer and crypto evangelist dead at 75 John McAfee was found dead in his Spanish prison cell hours after the countrys courts ruled that he could be extradited to the U.S. to face tax evasion charges. He was 75. He was best known for creating one of the worlds best-known antivirus software programs. The entrepreneur also made headlines in the crypto space and mainstream media for a July 2017 prediction that the price of Bitcoin would reach $500,000 by 2020. McAfee didnt end up fulfilling the terms of an extravagant bet where he claimed he would eat [his] dick on national television if it didnt happen. Spanish officials have not ruled out the possibilit...
Post a Comment
Read more

John McAfee’s Death Ignites ‘Dead Man’s Switch’ Theory — Widow Says He ‘Was Not Suicidal’

At age 75, the former antivirus tycoon and cryptocurrency advocate, John McAfee, passed away by reported suicide. McAfee was a wild and charismatic man but prior to his death, he was facing tax-related charges and extradition to the United States. For the last few days, the internet has seen myriad theories and assessments of McAfee’s wild rollercoaster of life and death. Jeffrey Epstein Conspiracies and a ‘Dead Man’s Switch’ Theory Follow McAfee’s Death in Spain Three days ago, Bitcoin.com News reported on the death of John McAfee after the Catalan justice department in Spain announced his alleged suicide. Prior to McAfee’s reported death, the Spanish high court ruled in favor of the U.S. government’s attempt to extradite him. Spanish officials told the newspaper, El Pais, that “everything pointed to suicide.” However, when the news went viral on the web, many said they believe McAfee would never take his own life, and speculation about a ‘dead man’s switch’ conspiracy began to ...
Post a Comment
Read more

Beating Bitcoin: Why some traders don't care about USD prices

It's all about the BTC for Hodlers who don't intend to cash out anytime soon. There are always two components to each altcoin’s price. One is the coin’s own characteristics: Fundamentals, investor sentiment toward the asset, liquidity and trading volume, among many others. Another powerful factor — the one that often renders any altcoin-specific dynamics irrelevant — is Bitcoin’s performance. Like it or not, when the king of cryptocurrencies soars, there is room for the shabbiest shitcoins to punch way above their weight. When BTC tumbles, even the sturdiest alts can take a proportional hit. It's a question of knowing which is which . Many traders within the crypto markets are relatively unfazed by decreases in the U.S. dollar value of their holdings, because they trade almost exclusively against Bitcoin on key exchanges where the liquidity of the altcoin / BTC pair may be more attractive than the same alt / stablecoin pair. And of course, there are plenty of trading d...
Post a Comment
Read more

Omni Is Bringing the Future of Music via NFTs

At its core, social media is a web-based communication tool that facilitates constant and instant interaction and sharing of information between people. On one hand, social media enables socialization and promotes togetherness. On the other hand, it can leave your data open to the world and put a person’s privacy and information at risk. If this data could be linked and managed by each individual personally, social media could become a truly decentralized platform that majorly benefits users – rather than third parties. That’s where Non-Fungible Tokens (NFTs) come in. NFTs are steadily becoming the future of artistic expression and providing real income for users. Creating music and then being able to trade that music and/or be paid royalties when that music is used elsewhere. This development in the digital world completely revolutionizes the world of music production and transforms art/music into revenue for NFT artists. With all this possible through NFTs, Omni sets its objectiv...
Post a Comment
Read more

Bitcoin Taproot locked in to improve privacy and introduce smart contracts

The Bitcoin Taproot upgrade will activate later in 2021 as developers urge to create applications that will leverage its advantages. On June 12, Bitcoin ( BTC ) mining pool Slush Pool mined block 687,285 with the transaction including a Taproot upgrade activation signal. That particular block was the 1,816th to include a signal for Taproot activation by a BTC miner within the difficulty epoch that lasted from May 30 to June 13. With 2,016 blocks created every difficulty period, crossing 1,816 blocks with a Taproot activation signal satisfied the 90% signaling threshold required to lock in the upgrade. This event meant that Taproot, Bitcoin’s first protocol upgrade in over four years, was set for its activation phase to be expected in mid-November. Apart from bringing an end to the signaling period that lasted about six weeks over three consecutive difficulty epochs, block 687,285 also brought forth a new milestone for the Bitcoin upgrade in development since 2018. BTC proponents sa...
Post a Comment
Read more