Monthly Archives: May 2021

Marlton Applauds Decision to Increase Digital Currency Group’s Authorized Purchase of GBTC Shares for $750 Million 

Investment management firm, Marlton, has applauded the recent decision to authorize the purchase by Digital Currency Group (DCG) of up to a total of $750 million worth of shares of Grayscale Bitcoin Trust (GBTC). This latest action follows Marlton’s recent call for DCG and the Grayscale board to do more to narrow the discount on GBTC shares. Support for Purchase Authorization In a statement, Marlton’s Managing Member, James C. Elbaor says this DCG action is “a more constructive approach to alleviating the dramatic discount between the market […]

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Bitcoin: Or How We Became Gods

The limitations of physical reality are what make certain creations divine. Bitcoin reflects these properties in the digital realm. If Bitcoin were a mechanical watch, the fee market (not the free market) would be the mechanism making everything tick. This is where everything starts and ends. This is where censorship resistance comes from and where the precious resource of block space gets priced into energy consumption. The Bitcoin fee market is the first man-made free market that ever existed. In a free market: No third party can […]

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Range-bound Bitcoin price opens the door for altcoins to move higher

Bitcoin remains pinned below $58,000 while Ethereum price soars to new highs and the number of ETH held on centralized exchanges falls. Ether (ETH) took charge as a new month begins and the second-largest cryptocurrency by market capitalization rallied to a new all-time high at $3,338. This has many analysts shouting out that a new ‘altcoin season’ has commenced. Meanwhile, Bitcoin  (BTC) price is continuing to meet resistance around the $56,000 to $58,000 level.  Data from Cointelegraph Markets and TradingView shows that since dropping to a low of $2,160 […]

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Bitstamp announces US expansion after 570% increase in customers

“The potential upside for new retail and institutional investors in the U.S. is astronomical,” said CEO Julian Sawyer. One of the oldest exchanges in the crypto space recently announced that it would be ramping up efforts to reach more users in the United States. In an announcement from Bitstamp today, the crypto exchange said it would be launching a marketing campaign in the U.S. aimed at educating retail investors about crypto following significant growth in the first quarter of 2021. As part of these efforts, Bitstamp said […]

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Blockcap plans to have 50K Bitcoin miners operational by 2023

Executive chair and founder Darin Feinstein said the firm plans to make the U.S. a global leader in making blockchain technology mainstream. One of the largest crypto mining firms in North America said that it has acquired an additional 8,000 rigs and has begun mining other cryptocurrencies.  In an announcement from Blockcap on Monday, the mining firm said it planned to have more than 50,000 mining rigs online by the end of 2022. Blockcap now controls more than 12,000 mining rigs, generating more than 6.6 Bitcoin (BTC) […]

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Blockchain-Based Gaming Illuvium (ILV) Token Is Now Listed on Bitcoin.com Exchange

PRESS RELEASE. Bitcoin.com Exchange is thrilled to announce the listing of ILV, being available to trade on the 3rd May 2021 at 15:00 UTC. ILV was created by the Illuvium team, as the token to reward players in their open-world RPG adventure game built on the Ethereum Blockchain. ILV will start trading with USDT and BTC pairs. What is Illuvium? Illuvium is an open-world fantasy battle game built entirely on top of the Ethereum blockchain. It’s often referred to as the first actual AAA game on Ethereum. […]

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Employer paid worker in crypto, then demanded it back when price rose

“I have worked with this person for many years, and he has a tendency to try to change the terms of payment after agreeing on a certain way of operating,” said the contract worker. A United States-based business development specialist has claimed that a company that paid them for contract work using cryptocurrency now wants them to return the tokens following a significant rally in the asset’s price. According to a letter sent to Quentin Fottrell of MarketWatch’s “The Moneyist,” the unnamed employee — known only as […]

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DeFi resurgence lifts Maker, Aave and Compound price to new highs

As Ethereum rallied to new highs, the total value locked in multiple DeFi platforms surged above $10 billion, lifting MKR, AAVE and COMP toward new all-time highs. Analyzing the activity on lending platforms can sometimes be used as a barometer for measuring the sentiment of the cryptocurrency market as a higher number of collateral-backed loans may signal that traders are eager to trade a rising market.  The month of April saw the total value locked on Maker (MKR), Aave (AAVE) and Compound (COMP) climb to new highs […]

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Fidelity Investments Launches Crypto Analytics Platform Sherlock for Institutional Investors

The American multinational financial services corporation based in Boston, Massachusetts, Fidelity Investments has announced the introduction of a new comprehensive data and deep analytics solution for digital assets. The new product is called Sherlock and it’s meant for institutional clients so they can streamline “fundamental and technical data” tied to cryptocurrencies. Fidelity Investments Introduces Crypto Analytics and Tools Platform Called Sherlock The data and analytics space tethered to the cryptocurrency world is exceptionally hot right now, as firms like Skew, Glassnode, Messari, Dune Analytics, Cryptoquant, and others […]

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DCG Authorizes $750 Million In GBTC Purchases As Discount Persists

Grayscale’s parent company authorized up to $750 million in GBTC purchases as the trust’s shares continue to trade at a discount to NAV. Earlier today, Digital Currency Group, the parent company of Grayscale Investments, announced that it had authorized up to an additional $750 million worth of the Grayscale Bitcoin Trust (GBTC) to be purchased by the company. This is an increase of $500 million compared to an authorization by DCG announced last month. As of April 30, the parent company has purchased $193.5 million worth of […]

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