Monthly Archives: April 2021

Turkey Bans Cryptocurrency Use for Payments as Local Currency Plunges

The Central bank of the Republic of Turkey has issued a cryptocurrency regulation prohibiting the use of cryptocurrencies for payments of goods and services. From the end of this month, crypto assets cannot be used directly or indirectly as a means of payment in the country and no service can be provided for this purpose. Turkish Central Bank Prohibits Crypto Use for Payments of Goods and Services The Turkish central bank (also known as CBRT or TCMB) has issued “Regulation on the Disuse of Crypto Assets in […]

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Bitcoin hash rate hits record 200 EH/s in fresh BTC price bull flag

The old adage “price follows hash rate” may be about to see one of its biggest tests in the past 12 years. Bitcoin (BTC) has seen a classic indicator of a coming bull run pass a historic milestone as miners commit more and more resources to its future. According to data from on-chain monitoring resource Glassnode on Friday, Bitcoin’s network hash rate has passed total exahashes per second for the first time in its history. Hash rate underscores miner commitment Coming as a spike in a long-term […]

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As DeFi tokens surge, CRV indicates a bumper crop for ‘DeFi Summer 2.0’

The seasons are turning and the markets are shifting — could it be a strong summer for decentralized finance? Fire up your tractors: The farmer’s almanac of decentralized finance is indicating that DeFi Summer 2.0 could feature some healthy yields across the ecosystem.  Multiple common metrics used to gauge the health of the DeFi space are pointing toward a looming bull market, but perhaps most promising of all might be the surge in Curve’s CRV governance token price. Often referred to as one of the “backbone” protocols […]

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Visa, JPMorgan and ING discuss Bitcoin, Ether and stablecoin development

Forbes’ “2021 Blockchain 50 Symposium: Crypto Goes Corporate” event sheds light on Bitcoin’s role as an investment tool, along with the future of stablecoins. If 2021 has taught us anything about digital currencies, it’s that big banks and major payments providers are now feeling more comfortable with Bitcoin (BTC). While the CEO of PayPal and other large corporations are expressing excitement for crypto payments and salaries paid in Bitcoin, executives from Visa, JPMorgan and ING all agree that Bitcoin is still an investment vehicle rather than a currency.  […]

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Pendle Finance raises $3.5M to launch secondary market for DeFi yields

The company is building a tokenization platform to better enable users to manage their DeFi yields. Pendle Finance, a decentralized finance protocol that allows users to tokenize and sell future yields, has completed a private investment round worth $3.5 million to power the next phase of its platform’s evolution.  The private investment round included contributions from several companies, including CMS, DeFi Alliance, Lemniscap, Hashkey Capital, imToken and Spartan Group, among others. The team is being advised by industry leaders from such projects as Kyber Network and KeeperDAO. […]

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Dogecoin whales move $12B in one day — Twice as much as Ether

Dogecoin’s price explosion coincided with the movement of a lot of coins across the blockchain, as $12 billion moved in a single day. Dogecoin’s (DOGE) dramatic surge up the market capitalization rankings coincided with the reawakening of DOGE whales as the blockchain’s metrics surged to new heights in the past 24 hours. Over $12 billion worth of DOGE was transferred across the blockchain in the past day, according to data from BitInfoCharts. To put that number into context, the Ethereum blockchain processed just $6 billion worth of […]

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Crypto Markets Lose Hot Air, DOGE and BCH Skyrocket, 46% Chance ETH Hits $2,600 by May

Digital currency markets have seen some slight losses on Friday morning, as a great number of cryptocurrencies saw significant gains the day prior. Bitcoin dropped to a low of $60,042 during the early morning trading sessions shedding 3% during the last 24 hours. Crypto Markets Shed Some Value After Heating Up the Day Prior Bitcoin (BTC) has dropped in value during the most recent trading sessions, as the price per BTC slid from $63,299 to $60,042 losing 5% in value. However, the price rebounded a hair and […]

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U.S. Imposes Sanctions On Russia-Linked Bitcoin Addresses

In its effort to stifle entities that attempted to influence U.S. elections the Treasury Department sanctioned several bitcoin addresses. As part of an effort against entities that attempted to influence the 2020 U.S. presidential election, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC), recently announced sweeping sanctions to curb the work of Russian online influence outfit the Internet Research Agency (IRA). This included adding several bitcoin addresses to its “Specially Designated Nationals” list of entities that U.S. citizens are blocked or prohibited from […]

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Cathie Woods’ Ark buys a further $110M worth of Coinbase shares

Three exchange-traded funds offered by Cathie Wood’s Ark Invest added a total of 341,186 shares in Coinbase (COIN) worth a combined $110 million on April 15. Three exchange-traded funds, or ETFs, offered by Cathie Wood’s Ark Invest, including the flagship Ark Innovation ETF, all added further shares in Coinbase Global Inc. (COIN) to their positions on Thursday, April 15. According to a report from Reuters, the Ark Innovation ETF, Ark Next Generation Internet ETF, and Ark Fintech Innovation ETF purchased a combined total of 341,186 shares, valued […]

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Expert Believes Nuclear-Powered Crypto Mining Could Help Ukraine to Solve Energy Spending Problems

Bitcoin mining could be a proper asset to solve one of the significant issues in the Ukrainian energy sector: spending. A financial expert praised the recent push given by Ukraine’s government to nuclear-powered crypto mining across the nation. Crypto Mining Can ‘Smooth out’ Fluctuations in Consumption, Says Expert During an interview with Inshe, Alexei Mushak, an economic advisor to the former Prime Minister Oleksiy Honcharuk, Ukraine needs bitcoin (BTC) miners, but most importantly, to take advantage of the nuclear power plants that favor smooth operations while helping […]

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