Monthly Archives: February 2021

Cryptocurrency market cap hits $1.4T and surpasses Google stock

Total crypto market cap overtook Google stock days after Tesla announced a $1.5 billion Bitcoin investment. Cryptocurrency markets have hit a significant milestone shortly after Elon Musk’s Tesla officially announced their investment in Bitcoin (BTC). For the first time in history, the crypto market has surpassed Alphabet’s GOOG and GOOGL in terms of market capitalization. On Feb. 10, the total crypto market cap hit $1.413 trillion, overtaking the market cap levels of Google class-A and class-C shares. At the time of writing, the market capitalizations of GOOGL and […]

More info

Too late for Tether ‘FUD’ as Bitcoin price poised to hit $63K, says trader filbfilb

Accusations around Tether bringing down Bitcoin at a later date are dead in the water, the analyst argues in the wake of S&P500 adoption. Bitcoin (BTC) will never be the same and it’s too late to use Tether (USDT) as an excuse to be bearish, Cointelegraph Markets analyst filbfilb says. In a series of tweets on Feb. 10, the popular analyst and co-founder of trading suite Decentrader said that the cat was out of the bag for Bitcoin going mainstream. “The game has changed” for Bitcoin Bitcoin’s […]

More info

Avoid hosted crypto wallets ‘at all costs,’ warns Elon Musk

One crypto wallet provider’s marketing interaction with Elon Musk has backfired with the Tesla CEO roundly criticizing the company. Freewallet, a hosted crypto wallet service known for offering standalone storage services for cryptocurrencies has seen its marketing attempt rebuffed by Elon Musk. Responding to Freewallet’s self-promotional message, Musk retorted: Any crypto wallet that won’t give you your private keys should be avoided at all costs — Elon Musk (@elonmusk) February 10, 2021 Hosted crypto wallet platforms like Freewallet are often targets for criticism over the storage of […]

More info

Premier League football club enters VR partnership with crypto betting site

The Southampton FC matchday rights acquired by Sportsbet could be put to use even amid the COVID-19 lockdown — with the help of Bitcoin and virtual reality. Premier League football club Southampton FC has entered into a partnership with cryptocurrency betting website Sportsbet.io. The new venture will give Southampton fans the chance to take in the matchday experience during the COVID-19 lockdown via virtual reality headsets, while influencers will reportedly be granted sums of Bitcoin (BTC) to create unique VR experiences. Sportsbet.io became the main club partner […]

More info

Monero community wants Elon Musk to add XMR as Tesla payment option

The Monero community has raised $150,000 as part of a proposal to add XMR as a payment option on the Tesla website. The Monero community has posted a proposal to add XMR as a payment option on the Tesla website. Shortly after Elon Musk’s Tesla Motors hinted that they may start accepting Bitcoin (BTC) payments its electric cars, the Monero community suggested that XMR could also be a good payment option. After posting a CCS proposal on Feb. 9, the Monero community has raised 890 XMR ($155,000) […]

More info

Central Bank of Nigeria Denies It Has Placed New Restrictions on Cryptocurrencies — Uses Debunked Claims to Justify New Directive

Following the outcry over the Central Bank of Nigeria’s latest directive that targets cryptocurrencies, the institution has reaffirmed its stance with another statement. In the latest five-page document, the CBN insists that this directive is intended to protect the country’s financial system from the “risks” that are associated with cryptocurrencies. Debunked Claims Still, the central bank claims the directive has “not placed any new restrictions on cryptocurrencies” but is only regurgitating what was said four years ago. In January 2017, the CBN published a circular which claimed […]

More info

Chainlink hits new highs, but is LINK about to pull another 150% parabolic move?

LINK is in price discovery mode but one chart suggests it’s about to explode by 154%. You could literally hear the Bitcoin (BTC) hodlers cheering from the rooftops as the world’s largest whale publically entered the market this week. But as Bitcoin screamed toward $50,000, altcoin hodlers looked on in horror as their portfolios began shrinking in terms of BTC. However, the Elon pump has possibly created a massive buying opportunity for many altcoins on the BTC paired charts. One coin, in particular, has been letting the […]

More info

Russia has imported its largest Bitcoin miner batch

An unknown client in Russia has stacked 20,000 Bitcoin miners at one of BitRiver’s locations in Siberia. Russia has reportedly imported thousands of cryptocurrency mining devices amid a massive surge in the crypto market. A senior executive at BitRiver, the largest crypto mining colocation services provider in Russia, claimed that a local client received over 20,000 crypto mining devices, Russian news agency Kommersant reports Feb. 10. BitRiver founder and CEO Igor Runets said that the total mining power of the imported hardware amounts to 70 MWh, which […]

More info

Launchpool Plans to Launch an Egalitarian Model for All Stakeholders

Launchpool : noun – A group of crypto industry participants who pool together resources to launch projects. The concept behind the project is to bring investors together, aligning all for the benefit of everyone and the project. Each investor is put on the same footing and given the same incentive to see the project grow, this will result in the betterment of the collective rather than a few individuals that is often the case. This project is in no way affiliated with Binance or the Binance Launchpool. […]

More info

UN report says North Korea behind $281M exchange hack to fund nukes

A preliminary report from a United Nations inquiry suggests North Korea is using the proceeds from crypto hacks to funds its weapons programs. The United Nations has accused the North Korean state of stealing $281 million worth of crypto from an exchange during September 2020. According to Reuters, the findings from a “confidential report” authored by independent sanctions monitors for U.N. Security Council members “strongly suggests” links between the hack’s perpetrators and the North Korean regime. Reuters quoted the report: “Preliminary analysis, based on the attack vectors […]

More info
1 2 3 4 5 6