Ether is flying to the moon? Here’s what’s fueling the ETH rocket

Ether hit its all-time high again on Feb. 2, reaching the psychological mark of $1,500. Since then, its price has remained above this level and is currently sitting at around the $1,700 mark. Along with Bitcoin (BTC) and other cryptocurrencies, Ether (ETH) has seen outstanding price action since the start of 2021, having surged by 10.46% in a month. While Bitcoin has also been seeing positive price action, it is shy of its previous all-time high of $41,941 reached on Read more …

Bitcoin Climbs Past $40k, Analyst Expects Another Jump in BTC Value, ETH Taps New Highs – Market Updates Bitcoin News

The price of bitcoin is nearing the crypto asset’s all-time price high on Saturday, as the digital currency has gained over 6% during the last 24 hours. The last time BTC was this high in value was during the first week of January when bitcoin touched a high of $42k that week. Crypto Prices Begin to Rise, Bitcoin Crosses the Psychological $40k Threshold Bitcoin (BTC) is up 6% today and hovering over the $40k price handle during Saturday morning’s trading Read more …

“I Am A Supporter Of Bitcoin” – Bitcoin Magazine

Elon Musk, the richest person in the world, has publicly confirmed that he has taken the orange pill. Last week, he added “#Bitcoin” to his Twitter description and set Bitcoin Twitter off on an eruption of good vibes. Now, he has publicly voiced his support for Bitcoin on audio chat app Clubhouse. Late last night, Musk joined a Clubhouse led by the team at venture capital firm Andreessen Horowitz to discuss all things of interest. He discussed the probability of Read more …

US Lawmaker Likes Bitcoin — Urges Policymakers to Embrace Innovation in Regulation – Regulation Bitcoin News

U.S. Representative Patrick McHenry is pro-bitcoin. He is now hosting the Bitcoin whitepaper on his official congressional website and has called on other lawmakers to embrace innovation like Bitcoin. He believes that the cryptocurrency is unstoppable and governments cannot kill it. Pro-Bitcoin US Lawmakers A growing number of U.S. lawmakers have recently spoken in support of Bitcoin. Among them is Congressman Patrick McHenry from the state of North Carolina. On Friday, he talked on CNBC’s Squawk Box about how to Read more …

How A Little Bird Is Delivering Trust

Oracles are necessary to bring off-chain data and information into the blockchain Money’s Oracle blockchain technology is building the mechanisms used in the legacy financial system for the cryptocurrency space Money is also working on the Decentralized Finance equivalent of a credit score, which delivers a user’s DeFi history to lending protocols Leveraging trust in legacy finance. In the legacy financial system, there are safeguards and measures which mitigate risk accordingly to prevent financial institutions from issuing loans to overleveraged Read more …

Top Ethereum conference Devcon is delayed again

Devcon, one of the biggest conferences for the Ethereum community and developers, has been delayed again due to uncertainty around the coronavirus pandemic. According to a Tuesday announcement, the Ethereum Foundation decided to hold off on the conference in Bogota instead of going ahead with its previously announced August target. “We want to make sure we do this responsibly and that as many people as possible are able to make the trip from all around the world, which seems unlikely by early Read more …

The Most Protective Ways To Stock Your Cybercash

When rates have peaked and interest has consequently faded, virtual currencies have risen up again by exceeding their all-time record. The amount of advertised hacker incidents has also risen since this has occurred. As several buyers are fresh and unwilling to protect their investment, hackers come up with clever ways to manipulate and steal funds. Many of the most famous thefts were those in clear view: a few of the attacks were even bound openly with one wallet. The victims Read more …

The United States updates its crypto AML/CFT laws

Against great push back from the crypto industry and as the price of Bitcoin (BTC) reached new all-time highs several times during the last couple of months, the United States has updated its cryptocurrency Anti-Money Laundering/Combating the Financing of Terrorism laws. The Anti-Money Laundering Act of 2020 and the Corporate Transparency Act Last December, the Senate approved the National Defense Authorization Act and, as part of that legislation, passed the Anti-Money Laundering Act of 2020 and the Corporate Transparency Act. Read more …

How This Bull Run Is Different – Bitcoin Magazine

2021 is shaping up to be a momentous year for Bitcoin as the price hurtles toward $40,000 — more than double its 2017 all-time high. As HODLers rejoice and naysayers are left in disbelief, it’s important to note that a lot has changed in the world since 2017, making this bull run infinitely disparate from the previous one. Global pandemic and political mayhem aside, many other things have changed in the last few years, even in the microcosm of Bitcoin. Read more …

Privacy-focused Firo cryptocurrency suffers 51% attack

Anonymous cryptocurrency Firo — formerly known as Zcoin— is the latest Proof-of-Work coin to suffer a 51% attack. Tweeting on Wednesday, Firo revealed that the protocol had come under a 51% attack and advised holders to pause all transactions until the network returns to a normal state. We are under 51% attack at the moment. We recommend not to make transactions during this time until the network returns to a normal state. We will post updates when we have them. Read more …

Algorithmic asset experiments continue to entice traders & developers

As the team behind Morph. Finance can attest, developing an algorithmic stablecoin project can be every bit as frustrating and thrilling as investing in one. While algorithmic assets have retreated from mid-December marketcap highs, space has nonetheless continued to attract intrepid investors and developers aiming to position themselves at the forefront of a new financial vertical — though it remains an open question if such projects will ever achieve stability. Largely formed in the mold of the defunct 2018 project Read more …

Compute North, Foundry Partner Up – Bitcoin Magazine

Compute North, one of the largest bitcoin mining companies in North America with mining farms in Big Spring, Texas; Kearney, Nebraska; and North Sioux City, South Dakota, is taking a great leap forward through a new partnership with financial services firm Foundry Digital, a subsidiary of Digital Currency Group based in Rochester, New York. Through the partnership, Foundry will supply 14,000 new Whatsminer M30S mining rigs from MicroBT to be hosted at Compute North’s North American colocation facilities. Compute North Read more …