Monthly Archives: April 2021

Bitcoin Power: The Energy Of A Money

Energy production and its surrounding industry will experience a major shift in operations as Bitcoin becomes a driving force of profit. The energy sector is seeing a complete paradigm shift: Bitcoin’s monetary network effect Monetization of energy Leads to an arms race of energy tech becoming more and more efficient and productive Cheap energy production allows for cheap energy utilization Cheap energy utilization allows for cheap manufacturing, mineral mining and product R&D Photo by NASA on Unsplash Bitcoin Ripples and splashes are being made in the financial […]

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South Korean City Threatens to Seize Cryptos From Tax Evaders

Crypto tax evasion is becoming a hot potato for the authorities in some Asian countries, such as Japan and South Korea. A South Korean city is now actively fighting against tax evaders who are suspiciously reporting meager earnings in their filings. 511 Individuals in the Authorities’ Eyes According to Gugkje News, the authorities of Gyeongju, in North Gyeongsang Province, are aware of several possible cases of crypto tax evasion where individuals are reportedly hiding money into cryptocurrencies without reporting them before the tax authorities. As the new […]

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DOGE passes Uniswap and Litecoin to become 8th largest cryptocurrency by market cap

The price of the meme-based cryptocurrency is at an all-time high as it approaches $0.20. The price of Dogecoin has surged seemingly without any push from prominent figures on social media or major developments in the project.  According to data from CoinMarketCap, the price of Dogecoin (DOGE) is more than $0.18 at time of publication, with a market capitalization of roughly $23.8 billion. The token’s most recent rally had its price surge more than 63% over the last 24 hours, passing both Uniswap (UNI) and Litecoin (LTC) […]

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First Bitcoin ETF In North America Reaches $1 Billion In Assets

After breaking trading records, the Purpose Bitcoin ETF has hit $1 billion in assets, signaling strong interest from the market. Purpose Investments Fund launched a bitcoin exchange-traded fund (ETF) earlier this year, the first-such product to receive regulatory approval in North America. Since then, it has demonstrated an incredible appetite for such a product, breaking records in its first few weeks and now accruing $1 billion in assets. “Less than two months after launching, the first North American Bitcoin ETF already reached $1 billion … in assets,” […]

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Mick Jagger is using NFTs to raise money for indie music venues

The highest bid is currently $8,988, with 12 people having made an offer for the musical NFT. The Rolling Stones lead singer Mick Jagger is jumping into the nonfungible token craze to help independent music venues that have been adversely affected by the pandemic.  In an announcement from the music legend on Thursday, Jagger said he had started a 24-hour auction on Nifty Gateway featuring a nonfungible token, or NFT, based on a new song with Foo Fighters frontman Dave Grohl. The digital piece designed by artist […]

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Google Cloud integrates Band Protocol for real-time crypto price data

Pricing oracles are playing a leading role in driving blockchain adoption. Google Cloud is incorporating core technology from Band Protocol, a decentralized oracle service, to enable “immediate and accurate analysis of financial time series data,” according to Kevin Lu, head of business development at Band.  Lu announced Thursday that Band’s Standard Dataset is now live on Google BigQuery, an enterprise data warehouse powering ultra-fast SQL queries. Lu described the partnership as “one of the direct collaborations with the Google Cloud team to enable traditional, hybrid blockchain and […]

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Zcash (ZEC), Horizen (ZEN) and Hedget (HGET) soar as altcoins lift off

New partnerships and protocol upgrades back the strong rallies seen in Horizen, Hedget and Zcash over the past few months. Three of Cathie Wood’s ARK exchange-traded funds bought nearly $246 million worth of Coinbase Global Inc. (COIN) shares on its listing day. Another fund, Amplify Transformational Data Sharing ETF (BLOK) also purchased COIN stock. These purchases show that ETFs are eager to buy into the crypto growth story. Crypto market data daily view. Source: Coin360 However, Blackrock CEO Larry Fink has a different point of view. Fink […]

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Tezos-native NFT platform H=N gains steam, launches World Art Day fundraiser

The indie NFT platform is bringing an artist-first ethos to its design and events. Not all NFT platforms are for newly-rich crypto investors to flaunt their wealth, as one project is proving.  As the calls from artists and activists grow louder to reduce the carbon footprint of NFTs, one indie platform on environmentally-friendly proof-of-stake blockchain Tezos has seen a surge in activity and is currently hosting a World Art Day event to raise money for the open-source licensing organization Creative Commons. Hic et Nunc, or H=N, announced […]

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Edward Snowden Plans to Auction an NFT, Proceeds Will Go to Freedom of the Press Foundation

The whistleblower and former Central Intelligence Agency (CIA) employee and subcontractor Edward Snowden has revealed he is stepping into the world of non-fungible token (NFT) assets. Moreover, 100% of the NFT sale proceeds will be donated to the Freedom of the Press Foundation. American Whistleblower Edward Snowden Mints an NFT Edward Snowden is a well known whistleblower who leaked highly classified information from the National Security Agency (NSA) back in 2013. Snowden is a privacy advocate and has explained that he is positive about digital currencies like […]

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BlockDown: DeFi institutional adoption is booming but gas fees hinder growth

The BlockDown panel discussed the current issues but also the potential improvements for DeFi. Panelists at a DeFi-focused talk held at the BlockDown conference on Thursday expressed their optimism at the past and future growth of decentralized finance, but highlighted the hurdles to adoption due to congestion on Ethereum. The panel, titled “DeFi’s newest waves,” featured Anton Bukov, co-founder of 1inch Network, Ajit Tripathi, head of institutional business at Aave, Hyung Lee, CEO of B.Harvest, and Eric Chen, co-founder of Injective Protocol. The panel was moderated by […]

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