Bitcoin has been outperforming Ethereum in the past few days as one popular trader says this is a result of “simple math.” Bitcoin (BTC) has been outperforming Ether (ETH) in the past several days as BTC surged above $50,000 for the first time in history. Meanwhile, one popular cryptocurrency trader explains that this is “simple math” given the growing institutional demand for BTC.  BTC vs. ETH (orange) performance in February. Source: Tradingview While ETH is beating BTC in USD terms year-to-date, Bitcoin is gaining steam in February, […]

The global network of open APIs is expanding to support new layer 1 blockchains. Following its mainnet launch on Ethereum in mid-December 2020, The Graph has today announced that it is integrating Polkadot, NEAR, Solana and Celo. As reported, The Graph is a protocol that enables programmers to build Application Programming Interfaces, which it calls subgraphs, that can query and index blockchain data. Envisaged as an open alternative to existing blockchain analytics tools, it offers an infrastructure for accessing on-chain data from multiple blockchains, with the wider aim of […]

Amid much fanfare, many algorithmic stablecoins have not been stable. Is the problem intractable, or it’s the just the algorithms that aren’t good enough? Amid the meteoric rise of decentralized finance in 2020, there was persistent interest in a class of coins popularly dubbed “algorithmic stablecoins.” Some of the more famous ones include Ampleforth (AMPL), Based, Empty Set Dollar (ESD) and Dynamic Set Dollar (DSD). While these tokens are commonly considered algorithmic stablecoins, the teams involved have their own definitions. For MakerDAO, an algorithmic stablecoin is one […]

BitPay apparently screened merchants but not customers. BitPay will have to pay the U.S. Treasury’s Office of Foreign Asset Control over half a million dollars for crypto services to sanctioned regions.  In a Feb. 18 announcement of the settlement, OFAC said that BitPay had facilitated “approximately $129,000 worth of digital currency-related transactions with BitPay’s merchant customers” by users from Crimea, Cuba, North Korea, Iran, Sudan and Syria — effectively the full range of geographical sanctions that OFAC has in place.  OFAC repeated that crypto firms need to align themselves […]

The latest news from Nvidia are quite interesting for both crypto miners and gamers, as apparently the company is taking drastic measures to make gaming GPUs available to gamers. With the upcoming launch of the new GeForce RTX 3060 video cards on February 25th the company wants to make sure that the new graphics adapters will be available to gamers and will not be purchased in bulk by crypto miners. The video drivers for the RTX 3060 GPUs are designed to detect specific attributes of the Ethereum […]

“Bitcoin can go up and down just based on the mania or whatever the views are,” said the Microsoft co-founder. Microsoft co-founder Bill Gates is the latest prominent tech figure to seemingly try to stay out of the fray when it comes to questions about Bitcoin adoption. In an interview with CNBC’s Squawk Box this morning, Gates said he had neither invested in Bitcoin (BTC) nor wanted to make a prediction on any price movements. “I don’t own Bitcoin, I’m not short Bitcoin, so I’ve taken a […]