Monthly Archives: April 2021

Solana (SOL) price rises as airdrops attract new users to the network

Solana price has rallied more than 50% this month as new projects conduct airdrops on SOL blockchain and high Ethereum fees push investors to seek cheaper alternatives. Over the past six months blockchain projects that have issued token airdrops have re-emerged. Most notably, the airdrops by Uniswap (UNI) and MEME will be remembered as recipients were rewarded with gains ranging from $20,000 to $600,000 simply for holding the tokens. One Ethereum (ETH) competitor that has seen numerous projects launch with airdrops in the past three weeks is Solana […]

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Reddit reminisces defunct ‘Bitcoin faucet’ website that gave away 19,700 BTC for free

It may sound shocking today, but in 2010 software developer Gavin Andresen was on a mission to give away free BTC in an effort to boost adoption. Reddit’s r/Cryptocurrency community revived an interesting piece of Bitcoin (BTC) history on Sunday, with a new thread reminiscing about the time that American software developer Gavin Andresen gave away 19,700 BTC.  A thread started by “uGroundbreakingLack78” took the Reddit community all the way back to June 2010 when Andresen first launched the so-called Bitcoin faucet website. Using the domain “freebitcoins.appspot.com,” […]

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Institutions Investing In Bitcoin Isn’t About Money — It’s About The Mindset

With the recent influx of corporate interest in bitcoin, the cryptocurrency is poised to accelerate into the mainstream. Tesla and Elon Musk have been dominating the headlines because of their $1.5-billion investment in Bitcoin, and they are now accepting Bitcoin as a payment method for Tesla vehicles. Before that, MicroStrategy, the largest independent, publicly traded business intelligence company, had purchased more than 90,000 BTC. In mid-December 2020, UK-based asset manager Ruffer announced that it had accumulated £550M worth of bitcoin in a cumulative investment since November, allocating […]

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Romanian university plans to accept crypto payments for admission fees

The academic institution with a student body of roughly 11,000 said the addition of crypto payments was part of a plan to support local businesses like Elrond. A public university in the Romanian city of Sibiu in Transylvania has said it will allow students to pay for their admission fees in crypto. According to an announcement from Lucian Blaga University of Sibiu, or LBUS, on Wednesday, the institution plans to implement crypto payment methods for its more than 11,000 students starting in July. Students will reportedly be […]

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Investment Manager Guggenheim Warns of Bitcoin Pullback, Calls It ‘Great Entry Point’ for Investors

Guggenheim CIO Scott Minerd has warned crypto investors about bitcoin’s pullback. He said bitcoin “clearly has gotten caught in a speculative bubble that Gamestop got into.” However, he noted that it will be a “great entry point” for long-term investors. ‘Great Entry Point’ for Bitcoin Investors The chief investment officer (CIO) of Guggenheim Partners, Scott Minerd, talked about bitcoin in an interview with CNN last week. Minerd is also the chairman of Guggenheim Investments, the global asset management and investment advisory division of Guggenheim Partners. Guggenheim Investments […]

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Top 5 cryptocurrencies to watch this week: BTC, XLM, MIOTA, XMR, XTZ

Traders appear to be waiting for a trigger to start the next leg of Bitcoin’s uptrend and if that happens, XLM, MIOTA, XMR and XTZ could join the party. Bitcoin’s (BTC) hesitation near the all-time high suggests that the bulls and the bears are waiting for a trigger to start the next trending move. The bulls are searching for a positive catalyst to thrust the price above the overhead resistance. On the contrary, the bears may be standing by in anticipation of any signs of weakness that […]

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BTC December futures reach $73,500 — Is everyone flipping ultra bullish?

Bitcoin’s three-month futures premium reached a record-high of 50%, signaling market inefficiencies. Bitcoin (BTC) has been struggling to break the $60,000 resistance for almost a month. But despite the impasse, BTC futures markets have never been so bullish. While regular spot exchanges are trading near $59,600, the BTC contracts maturing in June are trading above $65,000. Futures contracts tend to trade at a premium, mainly on neutral-to-bullish markets, and this happens on every asset, including commodities, equities, indexes, and currencies. However, a 50% annualized premium (basis) for […]

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Bitcoin mining company follows Tesla by setting up shop in Austin

Tech companies like Oracle, Tesla, Hewlett Packard, and now Blockcap are moving to Austin, causing many to call the state capital the Silicon Hills. North America-based crypto mining company Blockcap announced over the weekend it would be establishing new offices in Austin, Texas. In an announcement from Blockcap on Friday, the mining company claimed once its new facilities are operational in the Lone Star State’s capital, its hashing power will be roughly 3.5 exahash per second from a total of 42,000 rigs, reportedly doubling its capabilities. According […]

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Akon City 2: Akon Unveils Plan to Build Second Futuristic Cryptocurrency City in Africa

Another futuristic cryptocurrency city will be built in Africa, Senegalese-American star Akon has announced. The government of Uganda will make land available to him for the construction of the new crypto city. The akoin cryptocurrency will be used in the city, similar to how it will be in Akon City, the $6 billion “real-life Wakanda” that is currently being constructed in Akon’s home country. Second Akon City to Launch in Uganda Senegalese-American star and philanthropist Akon, whose real name is Alioune Badara Thiam, announced last week his […]

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Binance Coin (BNB) market cap passes Santander and UBS — What’s next?

To date, Binance Coin has rallied 900%, which makes the token’s $64 billion market cap larger than Santander, the Bank of Montreal and UBS. 2021 has been an impressive year for Binance Coin (BNB), which so far has rallied by more than 900%.  One of the primary drivers of BNB’s growth was continued congestion on the Ethereum network. As this struggle carried on, Binance Smart Chain (BSC) emerged as an alternative, meeting the rapidly growing decentralized finance (DeFi) sector’s demands. As BNB reached a $64 billion market […]

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