Monthly Archives: February 2021

ARK Invest lays out what it would take for Bitcoin to hit $70K

Bitcoin’s price is supported by “robust network fundamentals,” says ARK Invest. If more companies allocate a portion of their balance sheet to BTC, the price could skyrocket. The Bitcoin (BTC) price could be headed a lot higher as more companies allocate a portion of their treasuries to the digital asset, according to new research from ARK Invest.  In its annual Big Ideas report, ARK said Bitcoin’s price would increase by roughly $40,000 if “all S&P 500 companies were to allocate 1% of their cash” to BTC. This […]

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Japanese exchange Coincheck to list fan tokens by Chiliz and Socios

The Coincheck crypto exchange will list Chiliz and Socios fan tokens on its new NFT marketplace. Japanese cryptocurrency exchange Coincheck has partnered with major global fan token makers, Chiliz and Socios, Cointelegraph Japan reports. As part of the new partnership, Coincheck will list Chiliz and Socios’ fan tokens on Coincheck’s non-fungible token, or NFT, marketplace, the company announced Monday. Coincheck originally announced that it was considering launching an NFT platform in August 2020. According to the latest announcement, Coincheck’s platform has already listed several NFTs for five […]

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Futureswap V2 wants to offer a home for DeFi whale traders

The derivatives platform uses AMMs to optimize for large DeFi traders. After the success of the automated market maker, or AMM, model for building decentralized spot exchanges, several projects are now racing to take this concept to the world of derivatives. One of these is Futureswap, an AMM-based futures exchange specifically designed for large trades. Futureswap has recently launched Version 2 of its platform, which features a unique oracle design that allows to increase capital efficiency for large trades. Benji Richards, co-founder of Futureswap, explained the idea […]

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Bitcoin 2021 Is Moving To Miami

We have heard from the community loud and clear: Bitcoin 2021 has to happen, and it has to be in person. We were building an incredible experience in Los Angeles, and we were pumped to show you everything that we had in store but ultimately, the uncertainty around Los Angeles in the post-COVID world made it impossible to host the event there this year. That’s why: Bitcoin 2021 is moving to Miami, targeting June 4 to 5! We had to find a city that would provide an […]

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Axie Infinity escapes Ethereum gas fees as Ronin sidechain goes live

The increasingly popular blockchain game will encourage users to migrate land and items early with a limited edition NFT gift. Pokemon-inspired blockchain game Axie Infinity has announced that its long-touted Ethereum sidechain, Ronin, has gone live. Developer Sky Mavis developed the sidechain to ease the pressure of Ethereum network congestion and gas fees on players. The Axie community has grown exponentially over the past year, and Sky Mavis described operating on the Ethereum mainnet as “a bit like training inside the hyperbolic time chamber”; a reference to […]

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Elon Musk Supports Bitcoin, Says BTC on the Verge of Broad Acceptance

Spacex and Tesla CEO Elon Musk has clarified his position on bitcoin and dogecoin. He confirmed that he supports bitcoin, stating that it is “a good thing.” Admitting that he is late to the game on bitcoin, Musk said that he should have bought some eight years ago when his friend fed him a slice of a bitcoin cake. Elon Musk Confirms He Supports Bitcoin In an interview on The Good Time Show via the Clubhouse app Sunday night, Spacex and Tesla CEO Elon Musk talked about […]

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r/WallSteetBets Has Exposed The Game, But Bitcoin Is A Contender

The financial space is a juicy island ruled by a few to serve their own interests, tightly controlled to stay as is. That we already know, and it is more or less commonly accepted, even though we don’t see or acknowledge the mechanisms that are used to keep it this way. What the Reddit community r/wallstreetbets (WSB) achieved last week was truly brilliant. It coordinated a myriad of actions from the “little guys” to overturn the “big guys’” investment strategies. The fact that its members made money […]

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Alphabit Digital Currency Fund Deploys Initial Investment in Stratis Protocol and Initiates Coverage

PRESS RELEASE. Stratis’ innovative blockchain solutions have attracted the attention of the digital asset investment fund, Alphabit, who have injected an initial investment while committing to a further 8 figure investment over the next 24 months for growth and development of the BaaS ecosystem. 1st February 2020, London, United Kingdom: Blockchain as a Solution (BaaS) service provider Stratis makes decentralized adoption easier for any firm with its innovative products designed to fit seamlessly with legacy operations, by allowing companies access to the Stratis blockchain via the widely-used […]

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Microsoft uses blockchain technology to purchase soil carbon credits in Australia

The tech giant purchased 43,338 tonnes worth of soil carbon credits that are representative of carbon sequestration at ranches in New South Wales. Microsoft has employed blockchain technology to purchase soil carbon credits in Australia. In combination with Regen Network — built on the Cosmos (ATOM) blockchain — the CarbonPlus Grassland credits were initially issued to two ranches in New South Wales. The carbon credits are used as a measure of soil sequestration, which is the process of capturing atmospheric carbon dioxide and storing it in soil. […]

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Reddit rage as XRP price crashes 50% hours after hitting two-week highs

The latest target of Reddit traders provides plenty of volatility — and losses — as XRP sees a burst of volatility on Monday. XRP, the number-four cryptocurrency by market capitalization, crashed nearly 50% in under two hours on Feb. 1 as a trading frenzy backfired on new investors. XRP/USD 1-hour candle chart (Bitstamp). Source: TradingView XRP traders nurse 48% losses Data from Cointelegraph Markets and TradingView showed that extreme volatility set in for XRP/USD during Monday trading, hours after now-infamous Reddit group r/Wallstreetbets opted to buy the […]

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