Month: April 2021

According to a recent report from Reuters, a Turkish court has jailed six suspects as part of its investigation into local cryptocurrency exchange Thodex. The group of suspects, who are reportedly being held pending trial, include the brother and sister of Thodex CEO Faruk Fatih Ozer, as well as senior company employees. Ozer fled Turkey earlier this month, leaving the funds of about 390,000 users of the exchange irretrievable. Bitcoin accounted for 1.73% of Thodex’s total volume at the time, Read more …

MicroStrategy, the company which owns over 91,000 Bitcoin (BTC), saw an astounding surge in revenues in Q1, its latest figures confirm. In a press release on April 30, CEO Michael Saylor revealed that the company’s success had gone far beyond its Bitcoin profits. Saylor: Hodling BTC creates “substantial value” MicroStrategy has continued to hit the headlines for its flatly bullish position on Bitcoin and its future, adding to its reserves regardless of sentiment or price.  Its advocacy has seemed to Read more …

There are often multiple causes for an asset’s sharp decline, but Bitcoin’s (BTC) 10% “nosedive,” which took place on April 22, may be blamed on the Biden Administration’s reported plan to tax capital gains at double the current rate on America’s wealthiest.  Bitcoin is habitually volatile, so one probably shouldn’t read too much into a double-digit swoon in any given week, but this might be as good a place as any to reflect upon the possible impact of the United Read more …

Cryptocurrency exchange platform Hotbit has shut down all of its services after an attempted cyberattack on Thursday. “Hotbit just suffered a serious cyber-attack starting around 08:00 PM UTC, April 29, 2021, which led to the paralyzation of a number of some basic services,” a notice on the platform’s website reads. The hackers were reportedly unsuccessful in gaining access to Hotbit’s wallets but did manage to compromise the platform’s user database. Thus, the Hotbit team has advised customers to disregard any Read more …

While it may still be the primary network hub for defi activities, smart contracts, and NFTs, bridges built using competing networks like Tezos could pose a serious challenge to Ethereum’s market share in these areas. New Solutions to Old Problems Could Undermine Network’s Potency In the time since the network’s unveiling, Ethereum-killers have abounded with claims that they would displace the network with faster transactions, more scalability, lower fees, and effectively do just about everything better. Despite all the hype Read more …

United States’ cryptocurrency giant Coinbase has acquired institutional-grade blockchain data analytics platform skew. Greg Tusar, vice president of institutional products at Coinbase, announced the news Friday, stating that the new acquisition will help customers make more informed trading decisions using real-time data analytics. “We’re excited to integrate skew’s data analytics platform with Coinbase Prime, allowing our customers to track cryptocurrency spot and derivatives markets in real-time. With skew, we’ll arm professional traders with dynamic, aggregated market data, presented in a highly Read more …

We’re excited to announce that we’re expanding our online store to include educational books for all ages. For young children we offer “Bitcoin Money: A Tale Of Bitville Discovering Good Money,” while for teenage and adult beginners we offer “The Little Bitcoin Book: Why Bitcoin Matters For Your Freedom, Finances, And Future,” among many other offerings. These titles include the 20 best books about bitcoin.  This children’s book offers a simple and easy way to learn about bitcoin.  Are you Read more …

NFTs have recently become the talk of the crypto industry, yet they still don’t even come close to DeFi in terms of the total value generated or the amount of capital involved. These non-fungible tokens certainly offer an interesting take on digital ownership rights, but the buck kind of stops there. DeFi, on the other hand, enables permissionless replacements for the world of traditional finance. No longer do you need to visit a bank for a loan, get a lengthy Read more …

In a bid to save the Ethereum mining community, a group known as the Ethereum Genesys Foundation (EGF) successfully hard forked the chain to continue Proof-of-Work (PoW) mining. With the ETH 2.0 upgrade well underway, the switch to Proof-of-Stake (PoS) would render miners redundant. What’s more, miners claim they are slowly being phased out, even before ETH 2.0 is fully rolled out. Community splits are difficult at the best of times, more so how the original chain tends to fare Read more …

CoinSwap Space provides a suite of products and services for decentralized finance, allowing users myriad ways to make returns on their crypto. CoinSwap, an exciting new DEX for the Binance Smart Chain, has announced its launch to take place on April 30th at 5 pm CET. This is a launch with a difference. There are no presales, no allocations, and no team tokens. The only way to acquire the native CSS tokens is to start yield farming them from the Read more …

Turkish authorities are progressing with an investigation into local cryptocurrency exchange Thodex, which abruptly halted trading last week. On Thursday, a Turkish court jailed six suspects pending trial, including siblings of the missing CEO and senior company employees, Reuters reported. As part of a probe, Interpol reportedly issued a red notice for Thodex CEO and founder Faruk Fatih Özer, who had reportedly flown to Albania. “When he is caught with the red notice, we have extradition agreements with a large part Read more …

The fever surrounding non-fungible tokens continues to spread as it penetrates new areas and industries. Political memes have now entered the NFT fray, Dole is fighting food insecurity with a humorous angle, Digitalax is bridging the physical and digital fashion divide, and even acclaimed wine is getting a taste for digital collectibles. Drumpfs Mint Trump’s Tweets for Charity Capitalizing on the momentum of Meme PAC’s viral presence in the American political conversation, 18-year incoming Columbia freshman and President behind the Read more …