Monthly Archives: February 2021

LL Cool J and Paul Tudor Jones back $72M crypto fund

The fund has already invested in a number of blockchain projects including Dapper Labs, Axelar and Nori. Several high-profile figures in finance and entertainment are reportedly backing a new venture capital crypto fund from former Digital Currency Group investor Travis Scher, Silver Lake Partners co-founder Glenn Hutchins, and his son James Hutchins. According to a report from Yahoo Finance, the crypto fund has raised roughly $72 million from investors including Paul Tudor Jones, rapper and actor LL Cool J, and former PepsiCo CEO Indra Nooyi. The Hutchins […]

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Dash trade volumes soar 282% in 2020 as commercial adoption grows

The blockchain network behind the Dash cryptocurrency posted impressive fourth-quarter and full-year results on Thursday. Dash, a cryptocurrency analog for electronic cash, recorded impressive growth in 2020 as average daily trade volumes, users and retail payments grew considerably.  During its fourth-quarter livestream on Thursday, Dash Core Group reported that average trade volumes jumped 282% year-over-year, from $9.8 million to $37.4 million. On a quarterly basis, average trade volumes increased by 48%. The total volume of payments hit $916 million, up 80% from the previous year. Commercial payment values […]

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Interview: Bitcoin And Black America With Isaiah Jackson

Listen To This Episode: Apple Spotify Google Libsyn Overcast On this episode of the “Bitcoin Magazine Podcast,” I had the opportunity to sit down for an interview with Isaiah Jackson to discuss his upcoming book, “Bitcoin And Black America Volume 2.”  Before the interview I read a copy of his first book which laid the groundwork explaining Bitcoin to noobs, though it was written especially for black people. The book covers monetary history and how black people have gotten little to no support from bankers here in […]

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Sky High Bitcoin and Ethereum Fees: While Prices Jump the Cost to Transfer Follows Suit

While a number of digital currencies have seen price gains the two leading crypto assets, bitcoin and ethereum have seen transaction fees skyrocket. For instance, data shows that the median fee for a bitcoin transaction is $8.58, while the median fee is $9.35 when spending ether. Meanwhile, the average transaction fee for both networks has been much higher between $14 to over $20 per transfer. During the course of 2021, crypto assets have increased a great deal in value but alongside this, the fees to transact on […]

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Different kind of gas fees — Electrocoin enables crypto petrol payments in Croatia

One Tifon exec thinks foreign tourists will likely contribute to the development and growth of crypto payments in the country. Crypto-payment processing firm Electrocoin is partnering with a local oil and gas company in Croatia to allow drivers to pay for a full tank using crypto. According to Croatian news outlet Poslovni dnevnik, people needing to gas up their vehicles at any of the 46 Tifon stations in the country can now pay using Bitcoin (BTC), Ether (ETH), Stellar (XLM), XRP, and EOS. Tifon will integrate PayCek, […]

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DeFi boom pushes Universal Market Access (UMA), SwissBorg and Siacoin (SC) higher

As the DeFi boom continues, Universal Market Access, SwissBorg, and Siacoin are notching triple-digit gains due to protocol upgrades and new product launches. The total market capitalization of cryptocurrencies surged to $1.139 trillion on Feb. 4, just short of silver’s total market cap at $1.5 trillion. While the crypto market cap is still way below that of gold, Bloomberg senior commodity strategist Mike McGlone said in a report that Bitcoin (BTC) has found strong support at $30,000 and it may now rally to $50,000 and higher. Crypto […]

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ETH price surge could cause ‘gamma squeeze’ as bull market heats up: Delta Exchange exec

Delta Exchange, a crypto derivatives platform, says many options traders didn’t expect Ethereum’s price to rise so quickly. Now, they’re sitting on huge unrealized losses. A growing number of options traders are sitting on large unrealized losses following Ethereum’s (ETH) latest price surge, highlighting once again the volatile and unpredictable nature of the cryptocurrency market.  Pankaj Balani, the CEO of Delta Exchange, a St. Vincent-based cryptocurrency derivatives platform, tells Cointelegraph that he has observed “a lot of naked call writing activity in ETH for deep out of […]

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DeFi giant Aave hits a new high at $520, TVL rises to $4.96 billion

AAVE price rallied to a new high at $520, pushing the DeFi protocol’s TVL to $4.96 billion. Aave (AAVE) price has increased by 76% since the beginning of February and today the DeFi-token hit a new all-time high of $520. Currently Aave is the second-ranked DeFi platform by total value locked (TVL) and the protocol continues to gain users and outperform its competitors.  Data from Cointelegraph Markets and TradingView shows that AAVE rose from $284 on Feb. 1 to its current value of $510 as it’s 24-hour […]

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Argo Blockchain Buys 172.5 Bitcoins as Reserve Asset, Monthly Revenue Soars 52%

Argo Blockchain said Wednesday that it bought 172.5 bitcoins in the second half of January as part of its asset management strategy. ● In a trading update, the London Stock Exchange-listed bitcoin miner also reported strong revenue growth during the review month, climbing 52% to £2.48 million ($3.37 million) from £1.63 million ($2.21 million) in December. ● Argo did not reveal how much it spent buying the reserve BTC, but bitcoin prices during the last half of January oscillated between $30,000 and $38,500. The company said it […]

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Super Bowl LV: HODL Or Bet?

Some people hold bitcoin because it is sound money. Some buy it because they want to speculate. But there is an old connection between investors and bitcoin that you might have forgotten. One of the biggest sports, entertainment and betting events of the year is always the Super Bowl. Some of the first services in the world to accept bitcoin were online sportsbooks and casinos. And with the number of sportsbooks that accept bitcoin, as well as the price of bitcoin itself, rising exponentially since those days, […]

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