Category: Cryptocurrency News

Michael Saylor’s Bitcoin Mining Council with 9 founding and 14 new members, presented their research on energy use in bitcoin mining to the public July 1, 2021, as a first step in attempting to counteract much of the misinformation around this issue. In addition to MicroStrategy CEO Michael Saylor, presenters on the panel included Hut 8 CEO Jaime Leverton, Argo CEO Peter Wall, and Darin Feinstein, founder of Blockcap and Core Scientific. With 14 new member mining companies in addition Read more …

Kraken Director Dan Held recently posted a tweet that shows what he thinks of the traditional banking system. Are traditional banks truly a collision of government financial structures for monopoly? A necessary fact-check and digging into the actual status of the state-owned bricks and mortar financial depository institutions comes to bear following Dan Held’s recent tweet. The traditional banking system is a cartel.#Bitcoin fixes this. pic.twitter.com/LEFCTb6g93 — Dan Held (@danheld) July 1, 2021 Dan’s Profile Dan Held, at present, is Read more …

U.S. Senator Cynthia Lummis has encouraged “people to buy and hold” bitcoin in their portfolios. “I encourage them to save bitcoin for their retirement, for their future,” she said, adding that with Congress flooding the economy with trillions and trillions of dollars, “there’s no way” the value of the U.S. dollar will not be debased. US Senator Urges People to Invest in Bitcoin for Retirement U.S. Senator Cynthia Lummis talked about bitcoin in an interview at the CNBC Financial Advisor Read more …

Editor’s note: This article links to blogs that may contain graphic or offensive content. There’s an old saying about the rock band The Velvet Underground — their first album only sold 10,000 copies, but everyone who bought it formed a band. For Mircea Popescu’s writing, the same logic holds true. Only 10,000 people may have read his blog Trilema, but everyone who did started a Bitcoin Twitter account. Still, due to the controversy surrounding Popescu (and there was no shortage Read more …

Automated trading has existed in one form or another for decades now, ever since it first emerged as a concept over half a century ago. However, when the cryptocurrency industry started to emerge, it didn’t take long for trading bots to follow. Of course, at first, trading robots were imperfect, but each new generation improved upon the existing concepts and technology until they became quite reliable and commonly used by traders around the world. Of course, just because trading robots Read more …

Robinhood’s IPO prospectus shows that 9.5 million customers traded $88 billion of cryptocurrency on its platform in Q1 and the company held approximately $12 billion in crypto assets under custody, a 23-fold increase from last year. Meanwhile, 34% of Robinhood’s cryptocurrency revenue was attributable to the meme cryptocurrency dogecoin. Robinhood’s IPO Prospectus Reveals Crypto Business Details Robinhood Markets Inc. (Robinhood) filed a preliminary prospectus with the U.S. Securities and Exchange Commission (SEC) Thursday for its initial public offering (IPO). The Read more …

press release PRESS RELEASE. Bitcoin of America (BOA), a popular virtual currency exchange, is reporting record growth. Bitcoin of America is registered as a money services business with the United States Department of Treasury (FinCEN). Their mission is to provide their customers with a fast and easy transaction process, while securing the best rate in the market. The company launched back in 2015 and is headquartered in Chicago, IL. Bitcoin of America is known for their several different services including Read more …

The Bitcoin Mining Council is back at it. The controversial initiative lead by Michael Saylor presented “the findings of its first quarterly survey focused on two important metrics: electricity consumption and sustainable power mix.” The broadcast was delivered via YouTube and open to the public. They choose to limit their reproduction in other sites, though. So, embedding it is not possible. Related Reading | Poolin Reward Tokens Plummet In Response To China Bitcoin Mining Exodus According to their survey, Bitcoin Read more …

Dutch professional football club AZ has formed an exclusive partnership with a regulated cryptocurrency exchange platform, Bitcoin Meester. Part of the sponsorship amount is paid in bitcoin and AZ will leave the cryptocurrency on its balance sheet during the collaboration. The club says it is the first Dutch club to do so. Professional football club AZ Alkmaar (also known as just AZ) and Bitcoin Meester independently announced Thursday their official and “exclusive partnership.” The two companies have entered into a Read more …

Enjin successfully auctioned all tokens available for sale for the new Efinity NFT marketplace it has developed for the Polkadot ecosystem. Latest Sale Brings Total Marketplace Funding to $38.9 Million Given the concerns about Ethereum’s high costs and sluggish transaction throughput, competition amongst NFT marketplaces is heating up fast. More platforms are launching daily to keep up with demand and new use cases for NFTs. As more blockchains compete for the torrent of demand for non-fungible tokens, Enjin has become Read more …

The Australian Securities and Investments Commission (ASIC) recently opened a consultation for establishing methods and best practices for regulating crypto assets. The consultation paper seeks guidance on which crypto-assets should qualify as underlying assets, and how to make this determination. The proposal could signal the emergence of new crypto-based products in the Australian market. Australian Regulator Seeks Advice The Australian Securities regulator issued a public consultation paper to decide how to regulate cryptocurrency-based products. The paper, titled “ASIC consults on Read more …

OKExChain, a transparent, open-source and truly decentralized ecosystem created by the leading crypto spot and derivatives trading platform OKEx has announced EVM compatibility. EVM, short for Ethereum Virtual Machine is a component of the Ethereum network that enables and manages the deployment and execution of smart contracts, making the creation of dApps possible. By establishing EVM compatibility, OKExChain now supports the migration of projects from the Ethereum blockchain. It also enables developers to create dApps for the ecosystem using the Read more …