Monthly Archives: April 2021

BitMEX’s Arthur Hayes Surrenders To Authorities

The former CEO of BitMEX has appeared in court in Honolulu and is out on $10 million bond, according to reports. The former chief executive officer of BitMEX cryptocurrency exchange, Arthur Hayes, has turned himself in. According to a Bloomberg report, although Hayes currently resides in Singapore, he appeared in a Honolulu courtroom on charges related to alleged violations of know-your-customer laws in the United States. He was released on a $10 million bond pending forthcoming court proceedings in New York. After failing to implement anti-money laundering […]

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Polkadot futures open interest hits $1B as DOT price reaches a new ATH

The open interest of Polkadot futures soared to $1 billion, eclipsing Litecoin and XRP to make DOT the third-largest futures market. On March 24, the price of Polkadot’s DOT token corrected by 23% in a brief six-hour period, resulting in $174 million in liquidations across the futures market. This swift downside move also cut the aggregate open interest by 26%. Now that DOT’s open interest is climbing to a new record high at $1 billion, investors may be worried that another price crash is on the way. DOT/USDT on […]

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Nexo Sued for ‘Unlawful’ Liquidation of Clients’ Collateral XRP Amid SEC’s Ripple Lawsuit

Crypto lending firm Nexo is facing a class-action lawsuit filed by an XRP investor for “unlawfully” suspending the use of the cryptocurrency as collateral without giving notice to clients and subsequently liquidating the tokens. This happened following the lawsuit filed by the U.S. Securities and Exchange Commission (SEC) against Ripple and its executives. Nexo Sued for Suspension and Liquidation of XRP An XRP investor, Junhan Jeong, has filed a class-action lawsuit against Nexo Financial LLC, Nexo Financial Services Ltd., Nexo Services Ou, Nexo AG, and Nexo Capital […]

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What Is Student Coin and Why It Already Raised Over $28 Million

Student Coin is a platform that allows users to easily design, create, and manage personal, corporate, NFT, and DeFi tokens. The launchpad for the project already raised over $28 million and the sale is going to end on 30th of April, 2021. What Is Student Coin The Student Coin project is an example of how blockchain technology, non-fungible tokens and decentralized finance could revolutionize the world in so many ways. It offers a crypto platform that allows users to easily design, create, and manage personal, start-up, NFT, […]

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Coinbase Reports $1.8 Billion In Revenue, 6.1 Million Active Users For Q1

Major bitcoin investment portal Coinbase has reported significant growth in revenue and users as it approaches an imminent direct listing. As major cryptocurrency exchange Coinbase prepares to start trading publicly on Nasdaq, it announced its first quarter estimated results and outlook for 2021 as a whole. Its net income for the quarter is estimated at between $730 million to $800 million, with total revenue of approximately $1.8 billion — up from about $190.6 million in the first quarter of 2020, per CNBC. It estimates its verified user […]

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Interview: Bitcoin Smart Contracts With Ben Carman

Bitcoin developer Ben Carman joined the “Bitcoin Magazine Podcast” to discuss his cutting-edge work in the Bitcoin smart contracting space. Watch This Episode On YouTube Listen To This Episode: Apple Spotify Google Libsyn Overcast In this episode of the “Bitcoin Magazine Podcast,” host Christian Keroles sat down with rising Bitcoin developer Ben Carman to discuss his cutting-edge work in the Bitcoin smart contracting space, as well as controversy and disputes that Carman finds himself in as he trolls Bitcoin Twitter. Carman and Keroles first met far before […]

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Rewards system allows decentralized messaging app users to earn crypto

The messaging app project was aimed at avoiding third-party data harvesting. Make Sense Labs, a decentralized application firm backed by venture capitalist Tim Draper, now allows users of its social messaging app to earn rewards in crypto. According to an announcement from Make Sense, the technology company launched the crypto rewards feature on Monday on its Sense Chat app first developed in 2018. The app reportedly allows users to earn the company’s native SENSE tokens by interacting with others online, subscribing to different channels, inviting new users […]

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Alameda Research invests $4M in Vietnamese DeFi project

The DeFi market continues to heat up, with Alameda Research identifying Southeast Asia as a potential growth hub. Alameda Research has expanded its investment portfolio by allocating $4 million to Coin98 Finance, an up-and-coming decentralized finance platform from Vietnam, according to Chinese fintech outlet ChainNews. Coin98 Ventures, the venture capital firm behind Coin98, reportedly operates the biggest cryptocurrency fund in Vietnam and is also a key backer of the Solana Ecosystem Fund, which recently raised $40 million in strategic investments from major digital currency exchanges. As ChainNews […]

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Why Decentralization Is Uniquely American

Liberty is an ideal inherent to the founding of America, and this is reflected in Bitcoin. Hello everyone, First of all, I appreciate Joe Rogers, and the Bitcoin Magazine team giving me a chance to contribute, even though I am a total newbie to Bitcoin. I am a passionate student of history, so my interest in Bitcoin started because of my political philosophy and my natural bent against relying on centralized government systems to the best of my ability. Joe shared an article, “The Political Theology of […]

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Celer (CELR), Cartesi (CTSI) and Compound (COMP) rally as DeFi heats up

Aiming to reduce the cost of transacting within DeFi is attracting developers and investors to Celer Network, Cartesi and Compound. Bitcoin bulls are still struggling to push the price to a new high but the positive sign is that BTC has not corrected sharply in the past few days and the top-ranked cryptocurrency has held a market capitalization above $1 trillion since March 26.  While many are wondering what Bitcoin’s next move will be, a Bloomberg Intelligence report by senior commodity strategist Mike McGlone projects that BTC will rally to $80,000 […]

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