Month: January 2021

Propelled by Bitcoin’s record-breaking rally, the crypto industry is seeing off 2020 with flying colors. Amid all the tumult of this unprecedented moment in history, the digital asset space seems to have proven its resilience, making a solid case for becoming a safe haven in an increasingly uncertain world.  Among other advancements, the outgoing year saw the continued expansion of institutional and mass adoption. So, is this trend expected to continue in 2021, and what factors will shape the dynamics Read more …

The price of Bitcoin (BTC) has reached a new all-time high above $29,400 across major exchanges on Jan. 1. In other words, BTC is just 2% away from reaching the psychological resistance level at $30,000. Breaking $30,000 could fuel renewed confidence in the market with the last remaining technical roadblock right below this level.  BTC/USDT 4-hour price chart (Binance). Source: TradingView.com Hence, in the near term, sellers would look to defend the $30,000 resistance level with stacked sell orders. Exchange order Read more …

Dash has moved development work on the v0.17 of its platform to the testnet phase according to an announcement released on Wednesday. Back in July, Cointelegraph reported that the Dash Core Group was looking to release the platform testnet before the end of the year. As part of the announcement, Dash revealed that the testnet environment being five times larger than Evonet which is almost exclusively owned by the Dash Core Group. According to Dana Alibrandi, the head of product Read more …

Bitcoin miners are finding the Nordic lands a profitable opportunity to boost their revenues due to a plunge in electricity prices at the cheapest levels than any other well-known places for crypto mining. Bitcoin Miners Could Find ‘Lucrative’ Opportunities in Norway and Sweden According to a Bloomberg report, the Nordic region, specifically Norway and Sweden, has seen mild weather in the last 20 years, which helped boost production from hydroelectric plants. As the long-lasting weather trend has been alive in Read more …

Emerging decentralized finance (DeFi) ecosystem, YFDAI Finance, announces the launch of two new services – SafeSwap and Launchpad, both key moves in the promotion of mass growth and adoption of DeFi services. DeFi is becoming the “next big thing,” in which cryptocurrencies and their underlying blockchain technology deploy for new uses and a widening user-base.  Among DeFi’s main selling points is the promise of better alternatives to what is offered in the traditional banking sector, in many cases at a Read more …

The United States Financial Crimes Enforcement Network, or FinCEN, issued a brief note on Dec. 31, announcing its intention to propose a change in the Bank Secrecy Act, regarding reporting of foreign financial accounts holding digital currency. Currently, digital assets are not covered by the Foreign Bank and Financial Accounts, or FBAR, regulations. However, the notice indicates that FinCEN wishes to amend these regulations. This would require U.S. citizens to report cryptocurrency accounts held with foreign institutions, if they are more Read more …

SushiSwap’s native token, SUSHI, has undergone a strong rally over the past 24 hours. The leading cryptocurrency is up 10% in the past 24 hours, pushing to multi-week highs after a few days of slow price action. SUSHI’s rally comes as Bitcoin has thrust higher, pushing to new all-time highs at $29,500. The leading cryptocurrency currently trades for $29,000 after a slight correction. The rally in the Ethereum-based coin of SushiSwap is taking place as ETH corrects. Ethereum is down Read more …

Institutional crypto investment giant Grayscale now has $20 billion under its control as its Bitcoin (BTC) buys outstrip production by almost three to one. As noted by data analysis resource Coin98 Analytics on Jan. 1, Grayscale bought almost three times more BTC than that which was added to the market in December 2020. It’s official: Miners can’t produce enough Bitcoin Last month, the company added a total of 72,950 BTC ($2.132 billion) to its assets under management (AUM). During the Read more …

As Bitcoin continues to break new barriers to redefine its all-time-high prices, the flagship cryptocurrency has become one of the most sought-after instruments among individuals and corporates alike. In the present scenario, Crypto.com offers a variety of options for users to invest in the digital gold and benefit from the potential riches Bitcoin can bring to them. Crypto.com is one of the leading cryptocurrency platforms whose products include multi-currency wallet, exchange platform, spot and margin trading, liquidity mining and more. Read more …

An analysis performed by the New York Times of internal pay data at cryptocurrency exchange Coinbase unveiled disparities in salaries, showing their women and Black employees were underpaid. Coinbase Underpaid Women and Black Employees, Claims NYT Study According to the report, women employees were paid by Coinbase an average of $13,000, or 8%, which is less than men’s employees at comparable job roles within the crypto exchange. The data gathered by the NYT includes pay details of 830 employees at Read more …

A South African High Court recently granted a provisional liquidation order against Mirror Trading International (MTI) following an application for relief by two investors who failed to withdraw their bitcoin. According to a statement released by lawyers of one of the aggrieved investors, this provisional order paves the way for the appointment of a liquidator to take control of MTI’s assets and liabilities. Provisional Order The order by the Cape Town court came after the Financial Sector Conduct Authority (FSCA) Read more …

The prominent darknet marketplace, White House Market, has dropped bitcoin payments and now accepts monero only. The darknet marketplace administrators detailed that there was an issue with a payment processor blocking Tor exit nodes, but the full transition to monero was always planned. A number of crypto proponents have reported on the darknet marketplace, White House dropping bitcoin (BTC) payments in order to exclusively support monero (XMR). On December 28, one individual on Twitter wrote: “[One of the] largest darknet Read more …