Monthly Archives: February 2021

REVV motorsports ecosystem shifts to Polygon due to Ethereum gas fees

F1 Delta Time will be the first title deployed on the layer-two network to alleviate the problem. The publisher of F1 Delta Time, Animoca Brands, announced a partnership with Ethereum layer-two solution, Polygon, on Feb. 18. Under the partnership, the entirety of the REVV token motorsport ecosystem will be deployed on the Polygon network, starting with the aforementioned F1 Delta Time. This will ensure that players are not hampered by excessive gas fees on the Ethereum blockchain. High gas fees can cripple blockchain-based games, as many in-game […]

More info

Janet Yellen Stresses Importance of Crypto Regulation, Making Sure Bitcoin Is Not Used in Illicit Transactions

U.S. Treasury Secretary Janet Yellen has reaffirmed that it is important to ensure that bitcoin and other cryptocurrencies are not used for illicit financing. In addition, she stresses the importance of regulating institutions that deal with bitcoin. Janet Yellen Claims It’s Important to Make Sure Bitcoin Is Not Used for Illicit Financing U.S. Treasury Secretary Janet Yellen answered some questions regarding bitcoin and cryptocurrency regulation in an interview with CNBC Thursday. Yellen said she considers bitcoin a “highly speculative asset,” emphasizing its high levels of volatility in […]

More info

OKCoin delists two Bitcoin forks over ‘malicious misinformation’ campaign

OKCoin cites actions antithetical to Bitcoin’s open ethos as the reason for delisting BCH and BSV While the original Bitcoin rallies past a $1 trillion dollar marketcap, two forks of the world’s most popular cryptocurrency have instead lost a source of liquidity as crypto exchange OKCoin delists BSV and BCH.  In a blog post today, OKCoin CEO Hong Fang explained the decision to delist as one focused on protecting investors from a “malicious misinformation war.” Fang noted that the exhcange regularly reviews listed assets across a variety […]

More info

You’ve got the power? Legacy banks aim high with new crypto offerings

Is the crypto custody market becoming too big for established banks to ignore? Reports that legacy banks like BNY Mellon and Deutsche Bank are becoming active in the cryptocurrency space, including through custody services, should come as welcome news for crypto investors. Lost or misplaced private keys, after all, are a bane of the crypto world — just recall the Welshman who lost 7,500 Bitcoin (BTC), worth about $400 million today, when he landfilled his PC’s hard drive, forgetting it was the sole repository of his private […]

More info

Bitcoin price hits $54K, reaching a $1T market cap faster than Amazon and Google

Bitcoin’s rally to $54,850 boosted its market capitalization above $1 trillion, a feat which took Amazon and Google decades to achieve. Within the last hour, Bitcoin’s market capitalization pushed above the $1 trillion level. This milestone occurred less than a year after its market cap dipped below $100 billion on Black Thursday and the move to a new all-time high took place right as BTC price is on the verge of overtaking $55,000. Bitcoin market cap in USD. Source: TradingView The significance of this event will not […]

More info

World’s Largest Asset Manager Blackrock Enters Bitcoin Space — Discusses What’s Driving Up BTC Price

The world’s largest asset manager with almost $9 trillion in assets under management, Blackrock, has started investing in bitcoin. Sharing his view on what’s driving up the price of the cryptocurrency, the firm’s chief investment officer says the technology and the regulation have evolved to where people find bitcoin should be part of their portfolios. In addition, people are looking for investments that could appreciate as inflation and debts move higher. Blackrock Has Entered the Bitcoin Space Blackrock’s chief investment officer of global fixed income, Rick Rieder, […]

More info

At $1 Trillion BTC Market Cap, Microstrategy Completes $1.05 Billion Raise

This article and headline were updated on February 19, 2021. As Bitcoin hit new all-time price highs over $53,000 and the asset’s market capitalization passed $1 trillion, MicroStrategy CEO Michael Saylor announced on Twitter that his company closed out its convertible note offering to buy more bitcoin and raised more than expected at $1.05 billion, per a release.  MicroStrategy Completes $1.05 Billion Offering of Convertible Notes at 0% Coupon and 50% Conversion Premium with #Bitcoin Use of Fundshttps://t.co/KHIyrhR8Nz — Michael Saylor (@michael_saylor) February 19, 2021 The release […]

More info

Binance’s brief pause of Ethereum withdrawals leaves community perplexed

Binance paused ERC-20 withdrawals without offering a credible explanation, letting speculation about its true motives run wild. Binance had a hiccup with its withdrawals for Ether (ETH) and all ERC-20 assets on Friday, with users being unable to access any of their Ethereum-based assets for about one hour. The pause came abruptly, as the exchange’s Twitter account notified users that Binance had “temporarily suspended withdrawals of ETH and Ethereum-based tokens in order to address a congestion issue.” Binance reassured that “funds are SAFU,” but did not provide any further […]

More info

With rebrand on the horizon, Sushiswap receives “Sushi.com” domain name gift

The team “can’t believe” they’ve claimed the hot digital property, and say that the gift came at an opportune time A major decentralized finance (DeFi) protocol’s SEO metrics just spiked through the roof.  In a tweet today cryptocurrency investment fund Future Fund announced that they’d acquired the “sushi.com” domain name on behalf of DeFi platform Sushiswap. Happy to announce we’ve acquired https://t.co/Hjsm7MOIYY for @sushiswap A strong domain will greatly increase internet traffic and exposure to the sushi brand for their forthcoming new projects. 2021 will be a […]

More info

Bitcoin’s market cap breaks $1 trillion after tripling in three months

Bitcoin’s market cap has broken above $1 trillion for the first time, signaling growth of more than 900% in less than one year. Bitcoin has rallied into new all-time highs above $53,700, pushing its market cap above $1 trillion for the first time. Bitcoin’s late 2020 rally appeared to be sparked by an unprecedented wave of demand from institutions and billionaires, with the trend set after the world’s largest publicly traded business intelligence company, MicroStrategy, revealed it had converted $250 million of its treasury into BTC on […]

More info
1 2 3 4 6