Month: April 2021

In the latest Cointelegraph Crypto Duel, founder of Digiconomist Alex de Vries and CEO and founder of Blockchain for Climate Joseph Pallant debated the intensity of Bitcoin’s footprint and possible paths forward to reduce it.  As pointed out by de Vries, Bitcoin’s energy consumption has been increasing together with its network.  The analyst predicts its carbon footprint could increase tremendously as Bitcoin gets closer to mass adoption. “I fear that this will quickly get completely out of control if adoption Read more …

Although the crypto space has been around for more than a decade, William Stromberg, CEO of mainstream investment management outfit T. Rowe Price, thinks the asset class is still finding its sea legs.  “It’s early days,” Stromberg told the Baltimore Business Journal in an interview when asked if “T. Rowe Price will ever start investing in cryptocurrencies.” “We have some research going on around it,” the CEO added. “Some companies, just really a handful, have tried to put together products Read more …

Today, a report emerged indicating that Chairman of the Swiss National Bank (SNB) Thomas Jordan commented on the liquidity of the “cryptocurrency” market. “Cryptocurrencies are not liquid enough for the bank to have as one of its investment assets,” Jordan said. While the chairman did not mention bitcoin by name specifically, bitcoin is by far the most liquid asset in the cryptocurrency market, and is the only logical choice for the central bank to add to its balance sheet among Read more …

Bitcoin (BTC) retook $57,000 on April 30 as a surprise bullish end to month took traders by surprise. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView $4.2 billion expiry gives way to big Bitcoin gains Data from Cointelegraph Markets Pro and Tradingview showed BTC/USD climbing 5% in hours on Friday to come within inches of a green monthly close for April. At press time, $57,000 still formed a focus, with the pair needing to clinch $58,800 to avoid April’s monthly candle turning red. Read more …

Cryptocurrency exchange Coinbase has acquired skew, a U.K-based data analytics firm for cryptocurrency markets, allowing the exchange to provide real-time data analytics to the institutions and traders who leverage its platform Per a Coinbase announcement today, the acquisition is part of its work to strengthen services for institutional clients. According to Greg Tusar, vice president of institutional products at Coinbase, high-quality data access is “essential for institutions assessing investments in crypto assets.” “We’re excited to integrate skew’s data analytics platform Read more …

On April 30, the crypto-focused data analytics company Skew announced the firm has been acquired by the San Francisco company Coinbase. The exchange will leverage Skew’s data with the firm’s institutional subsidiary Coinbase Prime. The goal is to make “cryptocurrency markets more transparent and accessible for institutional investors.” Coinbase Acquires Analytics Company Skew Skew, the company behind the crypto data and analytics website skew.com has been acquired by Coinbase according to a recently published blog post. Bitcoin.com News and a Read more …

Sensorium Corporation, the company behind the highly-anticipated digital metaverse Sensorium Galaxy, has burned 4.2 billion SENSO tokens reducing the existing supply by 70%. To date, this is the largest token burning in the entire history of cryptocurrencies. In dollar value, this supply shedding is estimated at $10 billion. As of this writing, SENSO trades at $2.31. This ERC-20 token has seen a stunning 5X growth in 2021 alone. While the recent Bitcoin boom might have stimulated the notable price increase, Read more …

The Russian Justice Ministry has added Meduza, one of the country’s leading independent news agencies, to its list of “foreign agent” media outlets, a label that poses a significant threat to the agency’s future, according to a statement published by Meduza’s Editor-in-Chief Ivan Kolpakov. “[By] designating us as foreign agents, the Russian authorities are trying to convince our sources that we are enemies of the state,” Kolpakov explained. “It’s highly likely that our new status will rob us of many Read more …

The United Kingdom’s central bank, the Bank of England, or BoE, still maintains that it is unsure on a path forward regarding a central bank digital currency, although the entity is looking to hire at least seven CBDC-related job positions.  The job listings recently surfaced on the BoE’s job posting website. One such position searches for a “Stakeholder Analyst – Central Bank Digital Currency (CBDC).” As per the site, the bank is also searching for a project analyst, a solution Read more …

Bitcoin price is back above $56,000 once again, after a tug-of-war between bulls and bears has led to a bit of a stalemate just as the April monthly comes to a close. The monthly candle at current levels will close as a doji, signaling indecision, and a potential reversal ahead. Here’s a closer look at the potential reversal pattern that has crypto bears salivating for cheaper coins in the days ahead. Bitcoin Bears Make A Stand Against Bulls, Rally Reaches Read more …

More USD Coin (USDC) was printed on April 30 than at any time in the dollar-backed stablecoin’s existence, as just over $3 billion was minted in one fell swoop. New USD Coins are minted whenever a customer exchanges their U.S dollars for the stablecoin, and Friday’s influx amounted to over 26% of its market cap at the time. The sudden arrival of $3 billion worth of USDC into the cryptocurrency market coincides with a surging altcoin market, evidenced by Bitcoin’s Read more …

In less than three days, the renowned photographer Jesse Frohman will be holding an auction featuring a non-fungible token (NFT) collection of his last photoshoot with the now-deceased Nirvana frontman Kurt Cobain. On May 3, at 12 p.m. (ET) Frohman’s iconic photos that were transferred into NFTs will be auctioned for ethereum. A portion of the auction’s proceeds will go to the JED Foundation, a suicide prevention nonprofit for teens. ‘The Last Session’ NFT Auction Featuring Over 100 Kurt Cobain Read more …