Monthly Archives: April 2021

Beijing Is Collecting Data From Local Datacenters Involved in Cryptocurrency Mining Activities

Authorities in Beijing have been conducting checks on cryptocurrency mining datacenters to assess and understand its energy consumption and thus the impact on the electric infrastructure. Although it was reported as a rumor by international media outlets, Chinese state media confirmed it. Authorities Sent an ‘Emergency Note’ to Three Biggest Telecom Operators As first reported by Reuters, the Beijing Municipal Bureau of Economy and Information Technology was the entity that ordered the checks on the city’s data centers. In the first instance, they wanted to verify if […]

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Why Does Bitcoin’s Price Make Random, Sudden Downward Moves?

The bitcoin market’s volatility is a well-cited aspect by naysayers—but what causes it? Mimesis Capital: Inside The Event Horizon, Report #15 Why Does Bitcoin’s Price Make Random, Sudden Downward Moves? A common knock on bitcoin is that it is “too volatile.” There is no denying that bitcoin is a volatile asset. Its price action supports this conclusion on nearly all time frames (including minute, hour, daily, and yearly). However, volatility isn’t necessarily a bad thing. In fact, volatility creates opportunity. Over long time horizons (4+ years), bitcoin’s […]

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Bitcoin bulls attack $57,000 and altcoins rally as April comes to a close

Altcoins moved toward new highs and Bitcoin price rallied above $57,000 shortly after today’s uneventful $4.2 billion monthly options expiry. Bitcoin (BTC) and the overall cryptocurrency market sprang to life on April 30 as an uneventful close to this month’s $4.2 billion options expiry occurred without any signs of controversy.  Data from Cointelegraph Markets and TradingView shows that after a brief dip below the $53,000 support level on April 29, the price of Bitcoin staged a 10% rally back above $57,400 by midday. BTC/USDT 4-hour chart. Source: […]

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Staking giant Lido looks to bring services to Solana

Infrastructure provider Chorus One believes they can help Lido corner 25% of all staked SOL. One of the largest ETH 2.0 and Terra staking services is now looking to expand to other proof-of-stake chains, starting with upstart layer 1 Solana.  In a proposal today on Lido’s governance forums, crypto infrastructure provider Chorus One laid out a plan to build “a liquid staking token (for now: stSOL) that will accrue staking rewards and represent staking positions with Lido validators on Solana,” similar to Lido’s current interest-accruing stETH token. […]

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A $1 billion crypto fund could be on its way from Andreessen Horowitz

The VC firm is looking to raise a considerable sum to put towards crypto investments. Building on its previous crypto involvement, VC firm Andreessen Horowitz is now reportedly gathering thunder for another fund, according to an article from the Financial Times, or FT. “The new fund, Andreessen’s third that is focused on cryptocurrency investments, is aiming to raise between $800m and $1bn from investors, according to four people with knowledge of the process,” FT wrote on Friday. A Venture Capital, or VC, firm, Andreessen Horowitz also operates […]

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Peer-to-Peer Internet ThreeFold Goes Multichain to Accelerate Token Accessibility

PRESS RELEASE. Peer-to-peer internet ThreeFold integrates with several popular blockchain ecosystems in an effort to increase adoption for the world’s largest such network 29th April 2021, Dubai, United Arab Emirates – ThreeFold plans to integrate its peer-to-peer internet platform with three of the leading blockchain ecosystems in the decentralized finance (DeFi) space; Binance Smart Chain (BSC), Ethereum, and Huobi’s ECO Chain. ThreeFold is set to integrate BSC in the next couple of weeks, with Ethereum and Huobi’s ECO Chain following shortly later on in Q2. These integrations […]

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Fed Chair Jerome Powell Says Dogecoin and Gamestop Hype Highlights ‘Froth in Equity Markets’

Federal Reserve Chair, Jerome Powell, discussed a number of topics this week such as inflation and central bank digital currencies (CBDCs) following the multi-day Federal Open Market Committee (FOMC) meetings. The central bank’s lead executive was asked about feverish stocks like Gamestop shares and the crypto asset dogecoin. Powell said that the Federal Reserve aims to provide financial stability but notes there are some things in capital markets that are a bit frothy. Fed Chair on Inflation: The committee Seeks Inflation Moderately Above 2% This week the […]

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Got crypto? Here are 3 debit cards that let you spend your stack

Crypto debit cards are growing in popularity as holders look for effortless ways to spend their assets. As blockchain technology and the public’s awareness of cryptocurrency continues to grow, a range of new use cases a coming to market and enhancing the efficacy of legacy financial systems. Despite its many applications, the original use case for Bitcoin (BTC) as a medium of exchange remains one of the most fundamental applications of blockchain technology and while BTC might not be the best asset to use for payments, there […]

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Price analysis 4/30: BTC, ETH, BNB, XRP, ADA, DOGE, DOT, UNI, LTC, BCH

After days of range-bound action, Bitcoin and many altcoins made a strong comeback today, indicating buying at lower levels. The recent weakness in Bitcoin (BTC) price did not see any panic selling by investors, suggesting the sentiment in the crypto sector remains bullish. After Ether’s (ETH) strong run in the past few days, Bitcoin played catch up today as it reclaimed the $55,000 level. This suggests investors continue to accumulate on dips. Gaming-focused venture capital fund Bitkraft Ventures, with more than $400 million in assets under management, […]

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Experts debate Bitcoin climate footprint in latest Cointelegraph Crypto Duel

In the latest Cointelegraph video debate, experts discuss pathways towards making Bitcoin more sustainable. In the latest Cointelegraph Crypto Duel, founder of Digiconomist Alex de Vries and CEO and founder of Blockchain for Climate Joseph Pallant debated the intensity of Bitcoin’s footprint and possible paths forward to reduce it.  As pointed out by de Vries, Bitcoin’s energy consumption has been increasing together with its network.  The analyst predicts its carbon footprint could increase tremendously as Bitcoin gets closer to mass adoption. “I fear that this will quickly […]

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