South African Start-Up Aims To Shield Merchants From Crypto Price Swings – Interview Bitcoin News

While opponents of cryptocurrencies continue to peddle the environmental damage or the terrorism funding narrative, users from countries where the majority is financially excluded see these as a breakthrough innovation. Crypto Utility Inspires Volatility Solutions For instance, to undocumented migrants, cryptocurrencies offer a faster and cheaper way of sending money to their loved ones. For users that reside in countries with unstable currencies, cryptos act as an alternative store of value. Cryptocurrencies also act as a shield in times of Read more …

Fans Can Buy Game Moment NFTs In Person at the NBA Summer League Games in Vegas – Blockchain Bitcoin News

Attendees of the upcoming NBA Summer League games in Las Vegas at the Thomas & Mack Center will be able to purchase NBA Top Shot non-fungible token (NFT) collectibles in person. For the first time ever, NBA Top Shot fans will be able to buy an NFT moment from a game they saw in person. NBA Top Shot Kiosk Will Offer NFTs at the Summer League Games A non-fungible token you can buy online is one thing, but an NFT Read more …

Why Ethereum (ETH) Looks Ready For Another Leg Higher Over $3K

Ethereum started a strong rally above the $2,550 resistance against the US Dollar. ETH price is now consolidating gains and it could rise further towards $3,000. Ethereum gained pace after it broke the key $2,550 resistance zone. The price is now trading well above $2,600 and the 100 hourly simple moving average. There was a break above a major bearish trend line with resistance near $2,600 on the hourly chart of ETH/USD (data feed via Kraken). The pair is likely Read more …

Slew of Venture Funds, Eminem, Paul Rosenberg Inject $30 Million Into NFT Platform Makersplace – Finance Bitcoin News

On Wednesday, the non-fungible token (NFT) market platform Makersplace secured $30 million in a Series A financing round. The team behind the NFT marketplace says it plans to leverage the funds to “acquire additional talent and scale the business.” While the Series A was co-led by Pantera Capital and Bessemer Venture Partners, the world-famous hip hop star Eminem also invested in Makersplace. Makersplace Raises $30 Million to Scale the NFT Business The company that developed the non-fungible token (NFT) market Read more …

The Diary of a fictional Crypto Hodler

Below you’ll find a totally made-up story of Jon the Hodler. The character has been created by the editorial team of Disruption Banking, and his experiences are supposed to be representing some widely observable phenomena and behaviours. January 2021 Jon, just like thousands of people, has been watching CryptosRUs once again on YouTube. He spent hours upon hours on it, and he was following intensely what other users have been posting, and what they have been commenting on different social Read more …

Bitcoin Starts Recovery, Why Close above 100 SMA Is Important

Bitcoin price started a fresh increase from the $37,500 support against the US Dollar. BTC must clear the 100 hourly SMA and $40,000 to move into a positive zone. Bitcoin started a decent increase above the $38,000 and $38,500 resistance levels. The price is now struggling near the $40,000 zone and the 100 hourly simple moving average. There was a break above a major bearish trend line with resistance near $38,250 on the hourly chart of the BTC/USD pair (data Read more …

SEC Has No Authority Over Pure Commodities Like Crypto Assets, Says CFTC Commissioner – Regulation Bitcoin News

Both the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) have claimed jurisdiction over the crypto industry. A CFTC commissioner clarified that pure commodities, including crypto assets, or their trading venues are not regulated by the SEC. Regulation of Crypto Assets by SEC and CFTC A commissioner with the U.S. Commodity Futures Trading Commission, Brian Quintenz, clarified Wednesday that pure commodities, including crypto assets, fall under the jurisdiction of his agency. He tweeted: “Just so Read more …

SEC Chair Gensler Outlines Plans for Crypto Trading, Exchanges, Investor Protection, Bitcoin ETFs – Regulation Bitcoin News

The chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, has outlined how the SEC plans to regulate the crypto industry. Focusing on investor protection, Gensler discussed concerns the SEC has about crypto trading, exchanges, lending, defi platforms, and exchange-traded funds (ETFs). Gary Gensler Outlines SEC’s Crypto Priorities SEC Chairman Gary Gensler outlined the agency’s plans regarding the regulation of cryptocurrencies at the Aspen Security Forum Tuesday. He described: Right now, we just don’t have enough investor protection Read more …

Ethereum Set To Explode According To Market Dominance, Crypto Analyst

Crypto Analyst Nicholas Merten recently said in a video analysis session on YouTube that Ethereum’s price is poised to explode. Merten pointed out that price analysis really isn’t the reason that the number 2 cryptocurrency is set to explode, but what the market dominance shows that actually shows this. This shows through when the cryptocurrency market dominance is measured. Merten believes that current market trends are very similar to what was done in the market back in 2017. Going back Read more …

Crypto Crime Falls in China, Surges in Hong Kong, Reports Reveal – Bitcoin News

China’s cryptocurrency transactions related to criminal activities have decreased significantly over the past couple of years, a new report suggests. At the same time, its special administrative region of Hong Kong is seeing a spike in crypto-related crime this year, with authorities attributing the rise to the popularity of crypto investments. Chinese Crime-Related Crypto Transactions Drop, According to Chainalysis China has been a leader in the global crypto space, not only because of its control over a large portion of Read more …

19-Year-Old Bitcoin Miner Making $54K A Year

Nick Sears, a 19-year-old entrepreneur from Dallesport, Washington, has said no to college and yes to bitcoin when he was 17 years old and helped build a bitcoin mining farm in that town. Now, he earns $54,000 per year. “I don’t think about going to college at all, just pursuing further knowledge in the repairs of the miners,” Sears told CNBC. The 19-year-old lives in a room inside the data center he helped build when he was 17 years old. Read more …

Millions of Latest Antminers S19i Are Ready

press release PRESS RELEASE. Since May 30, the BTC mining difficulty has lowered for 4 times in a row. The mining rig migration is continuing, leading to a surge of incomes in mining farms outside China. With early layout of mining farms outside China, BitFuFu takes the lead to restart running plan and restock new mining plans. As the first cloud mining platform that restarts running plan in the industry, BitFuFu provides users with a mining feast from a drop Read more …