Monthly Archives: February 2021

Mexico’s Third-Wealthiest Individual Adds Bitcoin to His Twitter Bio

Just recently the Mexican billionaire, Ricardo Salinas Pliego, joined Elon Musk and a number of high-profile people, by adding the bitcoin hashtag to his Twitter bio. Salinas is one of Mexico’s wealthiest individuals with a fortune of around $13.2 billion and 10% of the entrepreneur’s liquid portfolio is in bitcoin. Grupo Salinas Chairman Joins the Bitcoin Bio Twitter Trend Ricardo Salinas Pliego is the third-wealthiest individual in the nation-state of Mexico and back in 2013, he purchased BTC for $200. At the time he claimed, it was […]

More info

Crypto lender Celsius has paid out $250M in rewards

The crypto rewards platform has seen tremendous growth over the past three months. Celsius, a centralized cryptocurrency lending platform, claims to have paid out over $250 million in rewards to its 415,000 users, underscoring the rapid growth of blockchain lending protocols.  Celsius announced the milestone in a Monday press release, which highlighted the company’s significant growth over the past two years. “Celsius remains one of the fastest-growing companies in finance as it achieves new milestones week-over-week,” the company said. Unlike DeFi protocols, Celsius offers a centralized alternative […]

More info

EXMO crypto exchange suffers second attack in two months

The total volume on the crypto exchange has fallen 4.9% in the last 24 hours. London-based cryptocurrency exchange EXMO suffered a distributed denial-of-service attack earlier today, causing the platform’s servers to become unavailable. In a tweet earlier today, EXMO reported that hackers had targeted the exchange with $75 million in trading volume in a distributed denial-of-service, or DDoS, attack. These cyberattacks typically overload a system with numerous requests from multiple virus-infected servers. Important: DDoS attack on EXMO ❗️Please note the EXMO exchange website is now under the […]

More info

Tackling Crypto Mass Adoption: Jax.Network’s Mission

PRESS RELEASE. Even though Bitcoin and Ethereum are called ‘cryptocurrencies’ people still treat them like assets instead of currencies. People are not spending cryptocurrencies on a large scale, nor are merchants accepting them on a similar scale. Generally speaking, you still cannot pay for a cup of coffee at your local café with your bitcoin. Jax.Network, a project based in Kyiv, Ukraine has endeavored to solve this issue. Its goal is to bring cryptocurrency to mainstream day-to-day use by first replacing the stablecoin market, with its decentralized, […]

More info

How Nigerians Are Reacting To The Cryptocurrency Ban

The Central Bank of Nigeria (CBN) has said that its decision to ban cryptocurrency was necessary to prevent crimes and mitigate risks Several Nigerians have condemned the move and believe the ban has some political undertone beyond those stated reasonings The Senate of Nigeria has summoned the CBN governor to explain the decision to ban cryptocurrency.  In a move that sparked outrage on social media earlier this month, the CBN issued a reminder to regulated financial institutions in the country that a 2017 regulation prohibits them from […]

More info

From ‘not money’ to ‘staggeringly great’: what US Presidents have said about crypto and blockchain

“I don’t have Bitcoin, and I’ll never ask you to send me any,” said Joe Biden. In recognition of Presidents’ Day, Cointelegraph is taking a look at the remarks of current and former leaders of the United States regarding crypto and blockchain. One of the earliest presidential adopters, Bill Clinton reportedly received his first Bitcoin (BTC) in 2016 — more than fifteen years after his two terms in office. Though the Democratic U.S. President accepted the crypto asset gift from venture capitalist Matthew Roszak, seemingly with a […]

More info

Paypal to Expand Its Crypto Services Offering to the UK

Paypal’s cryptocurrency services are coming to the United Kingdom, as the digital payments giant is now targeting non-U.S. countries. Buy, sell and hold digital asset products could be available for Paypal’s U.K. customers in “a number of months.” Results With the Paypal Crypto Services Have ‘Exceeded’ Expectations in the US During Paypal’s Investor Day 2021 event, Jonathan Auerbach, executive chief strategy and growth officer at the digital payments firm, unveiled plans of deploying the crypto services in the region. According to the executive, the crypto product has […]

More info

Uniswap reaches $100B in cumulative volume amid DeFi explosion

Uniswap’s all-time trade volume reached $101.5 billion on Monday, according to data from Dune Analytics. Uniswap’s decentralized exchange reached a major milestone on Monday, as cumulative trade volumes surpassed $100 billion in the wake of the DeFi boom.  Hayden Adams, Uniswap’s CEO, tweeted Monday that his platform became the first decentralized exchange to process over $100 billion in transactions. Using data from Dune Analytics, Adams shows cumulative volumes of $101.5 billion as of Feb. 15. The chart highlights Uniswap’s dramatic growth since mid-2020 when the first DeFi […]

More info

Ethereum fundamentals signal $2,000 ETH price is closer than it seems

Both on-chain and trading metrics indicate Ether dips are meant for buying as ETH eyes $2,000. In the early hours of Feb. 15, Ether (ETH) price plunged to $1,660, followed by a 9% recovery within 10 hours. The move triggered $280 million in futures contracts liquidations, indicating excessive leverage from longs. Although the initial anxiety regarding CME’s ETH futures launch on Feb. 8 seems to have faded, sustained excessive transaction fees might have undermined investors’ confidence. Nevertheless, the fundamentals behind Ethereum remain solid, indicating ETH price should […]

More info

Ethereum 2.0 set to undergo first hard fork upgrade

The first Ethereum 2.0 hard fork is aimed to be a general test before introducing deeper changes. Ethereum co-founder Vitalik Buterin published a plan on Monday for the first hard fork of the new Ethereum 2.0 beacon chain, tentatively named HF1. The hard fork would allow the developers to introduce several key upgrades to the recently-launched beacon chain, which would also serve as a useful test for deeper changes in the future. The biggest practical change is the support for light clients — Nodes that would have […]

More info
1 2 3 4