Monthly Archives: February 2021

The Utter Futility Of A Bitcoin Ban

In recent days and weeks, U.S. Treasury Secretary Janet Yellen has been raising the alarm about what she perceives to be a rising “misuse” of cryptocurrencies, which she argues are used mainly “for illicit financing” by unsavory groups. During her confirmation hearing, Yellen provided some ominous foreshadowing, saying, “I think we really need to examine ways in which we can curtail their use and make sure that money laundering doesn’t occur through those channels.” Back in December 2020, former Acting Comptroller of the Currency Brian P. Brooks […]

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Exchange listings and NFT boom back Enjin’s (ENJ) 52% rally to a new high

The growing popularity of NFTs and recent exchange listings helped lift Enjin Coin to a new all-time high. Non-fungible tokens (NFT) are rapidly becoming a focal point of the cryptocurrency market as evidenced by stories of millions of dollars being raised in minutes for one-of-a-kind tokenized art pieces and rare collectibles that traders rush to get their hands on.  One project that has been benefiting greatly from the resurgence of NFTs is Enjin Coin (ENJ), which broke out to a new all-time high of $0.67 on Feb. […]

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Crypto Users Claim Popular Bitcoin Paper Wallet Generator Is Compromised, Millions Allegedly Stolen

A number of forum posts and tweets say that the website bitcoinpaperwallet.com is compromised and people have said they have lost bitcoin using the paper wallet generator. Three years ago the website domain changed ownership and ever since then losses have been reported on Reddit forums, bitcointalk.org, Twitter, and other public venues. The owner of the paper wallet generating web portal denies the platform’s codebase is compromised and claims it has been audited by a security expert. Bitcoinpaperwallet.com Wallet Generator Site Accused of Being Compromised and Unsafe […]

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Coinbase Files S-1 Registration Ahead Of Going Public

Major cryptocurrency exchange Coinbase filed an S-1 registration today, disclosing pertinent company information to the U.S. Securities and Exchange Commission (SEC) ahead of its planned direct listing public offering. Per the filing, Coinbase’s class A common stock will be listed under the symbol “COIN.” SEC Form S-1 is the initial registration form for new securities required by the SEC for public companies that are based in the U.S. Any security that meets the criteria must have an S-1 filing before shares can be listed on a national […]

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BitMEX Operator Continues Support Of Bitcoin Core Maintainer Fanquake With $100,000 Grant

Today, 100x Group, the operator of cryptocurrency exchange BitMEX, announced its third grant to Bitcoin Core maintainer Michael Ford, aka Fanquake. This latest donation is for $100,000, bringing 100x Group’s total support of Ford to $250,000 over three years. The grant was made in conjunction with an additional $18,500 being given to Ford by Australian cryptocurrency exchange Independent Reserve. “100x Group is pleased to provide long-term financial support for open-source developers like Michael, who build the infrastructure on which our business and many others depend,” said Alexander […]

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Gemini collaborates with The Giving Block and others, adds donations option

Gemini has made digital asset giving more convenient for its users. United States crypto exchange Gemini has added a way for customers to donate crypto to over 100 nonprofits worldwide via The Giving Block. Gemini now gives customers the option to “Give Back With Crypto,” The Giving Block unveiled in a blog post on Thursday. Available charities range from human rights efforts, to those seeking to provide clean water and beyond. Some of the charitable groups available, as listed on The Giving Block’s website, include Water Wells […]

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Oxygen Protocol to List OXY Tokens on BitMax

PRESS RELEASE. BitMax.io (BTMX.com), an industry-leading digital asset trading platform built by Wall Street quant trading veterans, has announced the joint primary listing of the Oxygen token (OXY) with auction facilitation for its platform users. The auction will begin on Bitmax on March 11 at 9:00 a.m. EST and the listing will go live on March 16 at 9:00 a.m. EST. Oxygen Protocol is an on-chain, decentralized, non-custodial prime brokerage built on the Serum DEX and ecosystem, running on fast Solana public blockchain, and seeded by the […]

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$580M open interest makes Cardano (ADA) the third largest futures market

The open interest for ADA futures rose to $580 million, flipping Litecoin to become the third-largest derivatives market. On Feb. 3, Cardano conducted a hard fork and successfully integrated the Mary upgrade to the testnet, transforming the blockchain into a multiasset network similar to Ethereum. This event seems to be one of the reasons for the impressive 475% year-to-date rally of ADA, and the altcoin is now causing unexpected ripples in the derivatives markets. Since the end of December 2020, ADA’s $81-million aggregate futures open interest hiked to the current […]

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Coinbase sent SEC filing to Satoshi in a symbolic gesture

However, the exchange also claimed the identification of the Bitcoin creator could cause the crypto market to deteriorate. United States-based cryptocurrency exchange Coinbase named Bitcoin creator Satoshi Nakamoto in its recent filing with the Securities and Exchange Commission for a direct listing on the stock market. According to the SEC filing, Coinbase sent copies of its S-1 registration statement — which, if approved, would bring the company closer to having its shares traded on U.S. stock exchanges — to legal team members at Coinbase Global and California […]

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Cryptocurrency Adoption Passes Another Milestone Surpassing 100 Million Users

According to a new study conducted by Crypto.com, the total number of global cryptocurrency users has surpassed 100 million for the first time ever. The study, which measured the cryptocurrency marketplace’s size using onchain metrics, survey analysis, and internal data, recorded 106 million cryptocurrency users in January 2021. January’s Bitcoin Rally Accumulated a 15.7% Jump in Global Users Compared to December 2020, the 106 million users represent a 15.7% increase in just one month. What’s fueling the growth of the crypto market? According to Crypto.com’s research, it […]

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