Monthly Archives: January 2021

‘Wen $DIGG?’ Badger DAO preps for hotly anticipated synthetic BTC launch

Badger DAO founder Chris Spadafora on bringing a long-awaited product to market and building for the future The launch of Badger DAO’s DIGG, a synthetic rebasing asset meant to track the price of Bitcoin, is one of the most eagerly anticipated product releases in recent DeFi memory — but the person most excited to see DIGG hit the market might not be a trader, but instead Badger DAO founder Chris Spadafora himself.  According to community-minded Spadafora — who would be quick to note that he doesn’t care […]

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Bank of America Predicts ‘Mother of All Bubbles’ for Bitcoin

Bank of America’s chief investment strategist sees “the mother of all bubbles” in bitcoin. He compared the cryptocurrency’s recent rally to other bubbles, emphasizing the “increasingly speculative” investing behavior of bitcoin. Bank of America Warns of Huge Bitcoin Bubble Bitcoin’s recent rally has worried a number of prominent financial analysts who warned of a huge bubble. Among them is Michael Hartnett, chief investment strategist at Bank of America Securities. He explained on Friday that the recent surge in bitcoin’s price may be another case of a speculative […]

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Top 5 cryptocurrencies to watch this week: BTC, ADA, EOS, THETA, AAVE

Altcoins rallied strongly over the past week, but Bitcoin’s current consolidation could be a sign that the trend may reverse soon. During an interview with Bloomberg, Grayscale CEO Michael Sonnenshein said that in addition to hedge funds, pension funds and endowments had also started investing in the Grayscale family of products. This suggests that a broad spectrum of institutions are accumulating Bitcoin (BTC). As this trend gathers speed, investment banks have also decided that they do not want to be left behind. A recent filing from Morgan […]

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While Bitcoin’s Price Dips in Value, Crypto Assets Like Ethereum and Bitcoin Cash Shine

The price of bitcoin has dropped on Sunday losing more than 6% during the last 24 hours, but a myriad of other coins have seen significant gains in contrast. Cryptocurrencies like bitcoin cash, ethereum, and monero have all jumped in value while bitcoin has seen a decent drop. Bitcoin (BTC) dropped to a low of $37,194 on Sunday, January 10, 2021, after hitting its all time high a day and half prior. Currently, BTC is down over 6.4% and is trading for $38,239 per unit during Sunday’s […]

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Bar owner wants to sell two NYC watering holes for $1M in Bitcoin

“I’m hoping to catch one of these crypto dudes who always wanted to own a bar,” said Patrick Hughes. New York City bar owner and crypto enthusiast Patrick Hughes is offering to sell two of his popular restaurants in the Hell’s Kitchen neighborhood of Manhattan for cryptocurrency. According to a report from the New York Post, Hughes will accept crypto payments in the form of Ether (ETH) or Bitcoin (BTC) for the sale of Hellcat Annie’s and Scruffy Duffy’s located on 10th Avenue in New York City. […]

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Key Bitcoin price metric signals BTC may be near a local top

Bitcoin miners are selling at a level unseen since July 2019 when BTC price topped out at $14,000. According to data from CryptoQuant, miners appear to be selling large amounts of Bitcoin (BTC). Historically, heightened selling pressure from miners marked a local top and led to sharp, prolonged corrections. BTC/USDT 1-hour chart. Source: TradingView.com Why are Bitcoin miners selling? In May 2020, on-chain analyst Willy Woo said that there would be two sources of unmatched selling pressure in the market after the block reward halving. Woo pinpointed […]

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Sleeping Bitcoins Worth $40 Million Move- Mystery Miner Spends Another 1,000 BTC From 2010 Block Rewards

On January 10, another strange string of 20 bitcoin block rewards from 2010 was spent after sitting idle for over ten years. The spending of 1,000 decade-old bitcoins worth over $39 million today, follows the recent string of 1,000 units transferred on the 12th anniversary of Bitcoin’s genesis block launch. Seven days ago an old-school miner spent 20 block rewards from 2010 that held approximately 1,000 decade-old bitcoins. The interesting spending took place on January 3, 2021, on the 12th anniversary of the Bitcoin network’s start. Following […]

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CoinSpot Is Ideal Starting Point for Australian Investors to add Crypto to Portfolios in 2021

PRESS RELEASE. As the most trusted platform to buy, sell and exchange Bitcoin, Ethereum, and more than 230 other cryptocurrency tokens for Australian investors, CoinSpot encourages people who have not yet explored the investment opportunities surrounding crypto to make this new year the time they get involved. Of the four largest crypto tokens, which include Ethereum and Bitcoin, three saw enormous gains during 2020, and at the start of January 2021, the market is worth over a trillion USD. CoinSpot encourages Australian investors to start expanding their […]

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Daniel Larimer, CTO of EOSIO developers block.one, resigns

In a short blog post on EOS social media platform Voice, Larimer hinted at future social media development Daniel Larimer, the CTO of EOSIO developers block.one and founder of early crypto exchange Bitshares and blockchain-based social media platform Steem, announced in a short blog post today that he has resigned.  “[I] am proud of the EOSIO software I was able to create and launch with the help of an extremely talented group of engineers. Alas, all good things must come to an end. As of December 31, […]

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MTI Bitcoins Sent to Privacy Mixers as New Data Breach Exposes the Ponzi Scheme’s Top Earners

In another twist to the Mirror Trading International (MTI) bitcoin Ponzi scam, the blockchain intelligence firm Whitestream says bitcoins from wallets associated with the company are being sent to Wasabi privacy mixers. According to Whitestream’s update, this pivot to mixers suggests that operators of the Ponzi are trying to obfuscate the movement of the bitcoins. Conspiracy to Hide Funds The reports of MTI bitcoins going to mixers follow the recent disappearance of the company’s CEO, Johann Steynberg late last year. This also comes after a South African […]

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