Monthly Archives: February 2021

Russian Crypto Mining Companies Are Expanding Capacity as the Country Becomes a ‘Preferred Hotspot’

Crypto mining operations have been witnessing some changes within the industry in terms of locations. A recent interview with the CEO of the mining giant Bitriver, revealed that Russia is becoming a preferred hotspot for crypto miners. Russian Mining Giant to Build Two Additional Facilities to Cope With the High Demand According to Igor Runets, CEO and founder of the Russian mining company Bitriver, American and European investors are moving their infrastructure from China, Africa, and Latin America to Russia. The main reason behind the shifting move […]

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BNB price surges as Binance Smart Chain grows in popularity with DeFi

Binance Coin passes Tether to become the third-largest crypto by market cap as daily transactions on Binance Smart Chain surpass Ethereum. Binance Coin (BNB) has been on an absolute tear in the month of February. It traded at $48.93 on Feb. 1 and grew to trade at $304 at the time of publication, amounting to a 521% month-to-date gain and 707% year-to-date gain. This price rally has led BNB to become the third-largest cryptocurrency, with a $46.5 billion market capitalization. BNB achieved its all-time high of $342.88 on […]

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The perils of a decentralized web living in the centralized world

Whether we like it or not, the decentralized web is vulnerable to the internet’s worsening problems. Luckily, fixing this should be simple. On Jan. 26, the internet came to a screeching halt along much of the East Coast. Email services went down; YouTube videos flickered out midstream; millions were likely affected, if only temporarily. But the outage, attributed to a surge in traffic, underscores the metastasizing vulnerabilities surrounding the way most of the world conducts commerce, consumes entertainment and communicates. The implications of such outages should be […]

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LIVE – Bitcoin Passes 1 Trillion Dollar Marketcap – Will The Fed Be Buying Bitcoin?! | Daily News!

😀 𝙏𝙝𝙖𝙣𝙠 𝙔𝙤𝙪 𝙁𝙤𝙧 𝙒𝙖𝙩𝙘𝙝𝙞𝙣𝙜! 🚩 Remember to subscribe and hit the bell "🔔" icon, so you don’t miss your daily cryptocurrency news! ► 0:00 – Intro / Thanks For The Hang-Drum!! https://numeninstruments.com/ ► 7:14 – FluffyPony Says "Buy Satoshis" https://twitter.com/fluffypony/status/1362834847794929664 ► 8:19 – Market Overview https://www.coingecko.com/en ► 11:29 – CSW May Change Name To CZ, With The BNB Pump https://twitter.com/loomdart/status/1362810087107100673 ► 12:54 – Bitcoin ETF Roars in Debut With $165 Million of Trading Volume https://www.bloomberg.com/news/articles/2021-02-18/first-bitcoin-etf-in-north-america-sees-raging-interest-in-debut ► 15:52 – PoolTogether Lottery Has Over $50 Mill In Deposits, […]

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In the eye of the beholder: What gives Bitcoin its value in 2021?

Bitcoin’s value is a complex topic spanning numerous aspects; however, its value could be attributed to several factors. Notable mainstream attention has shifted toward Bitcoin amid its meteoric rise, with the asset having recently tapped over $52,500 per coin. Bitcoin (BTC) has seen an increasing wave of interest from mainstream companies, gaining status as a hedge, unique from other asset classes. What makes Bitcoin valuable, though?  Perhaps one of the simplest answers regarding Bitcoin’s value is that it’s “worth what somebody will pay for it,” as stated […]

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Troubled NZ Crypto Exchange Cryptopia Suffers Another Hack in the Midst of Liquidation Process

Controversy still surrounds a liquidated New Zealand cryptocurrency exchange, which allegedly got hacked again. Adding to the $30 million stolen in 2019, Cryptopia reports that it was the target of a another theft incident on February 1, 2021. Hackers Accessed a Dormant Wallet Which Holds XSN Tokens According to Stuff.co.nz, the hackers took around NZD 62,000 ($45,000) worth of cryptocurrencies from the troubled exchange. The alert first came from Stakenet, a U.S.-based blockchain firm. The investigation unveiled that hackers accessed a wallet that has been dormant since […]

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Voting evolved: Blockchain tech outshines paper ballots and e-voting

The right kind of synergy between blockchain and biometrics will unleash the power of decentralized voting. Voting is a very important part of any democracy, as it gives its citizens the chance to participate in the democratic governance process. In a democracy, the objective of voting is not just the creation of government but a collective effort that drives the interests of the society and the economy. The fundamental objective of voting across the world is to ensure that it happens in a fair and transparent way. […]

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Malaysian Police Bust Gang That Stole $2.15 Million Worth of Electricity to Mine Bitcoin

Police in Malaysia’s Jahor state have busted a seven-men gang that stole 8.6 million Malaysian ringgits ($2.15 million) worth of electricity to mine bitcoin and other cryptocurrencies. ● Police said they seized 1,746 bitcoin (BTC) mining machines across 21 premises in raids carried out between Feb.15 and Feb.16, the Malay Mail reported. The miners are claimed to be worth a combined 2.6 million ringgits ($650,000). ● Seven local suspects aged between 24 and 64 were nabbed in the operation, which involved domestic power company Tenaga Nasional Berhad […]

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Study: Top-Tier Cryptocurrency Exchanges Increased Their Market Share by 13% Since October 2020

A recent study unveiled that top-tier cryptocurrency exchanges increased their market share since October 2020, in the context of lower-risk exchanges. The bitcoin bull market fueled that both retail and professional traders utilized such risk, data shows. Stricter Regulations Boosted Transparency Levels in Crypto Exchanges Per information from crypto market data provider cryptocompare.com, top-tier crypto exchange gained 13% market share from October 2020 to January 2021. In fact, it increased from 61% ($347 billion) to 74% ($1.41 trillion). But the study — which covered over 160 exchanges […]

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REN price rallies 60%, hitting a new high after recent DeFi integration

REN price spiked to a new all-time high shortly after its recent integration with Binance Smart Chain. Ren (REN) price underwent a strong 65% breakout on Feb.19 as the interoperability-focused protocol saw continuing accumulation from whale wallets holding more than 1 million REN. Data from Cointelegraph Markets and TradingView shows that REN rose from $0.99 on Feb. 18 to establish a new all-time high of $1.84 on Feb. 19. The move to a new high occurred as REN’s trading volume also reached $704 million over the past […]

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