Monthly Archives: June 2021

Ethereum 2.0 approaches 6 million staked ETH milestone

ETH 2.0 now has 10x more staked Ether to power its proof-of-stake mechanism than the Ethereum Foundation required at launch six months ago. Ethereum 2.0 is approaching what some are calling a major milestone in its short history — 6 million staked Ether (ETH). The Ethereum Launchpad, Ethereum 2.0’s portal for validators to stake their coins, shows some 5.9 million staked Ether and almost 180,000 validators powering the blockchain Wednesday. That averages out to just slightly more than the minimum 32 staked Ether required to activate the […]

More info

Price analysis 6/30: BTC, ETH, BNB, ADA, DOGE, XRP, DOT, UNI, BCH, LTC

Bitcoin and altcoins are witnessing selling near key overhead resistance levels, but a shallow pullback may suggest further upside is in store. Bitcoin price staged a mild resurgence at the start of this week but data from Glassnode suggests that its new BTC investors who came late to the party and are dumping their positions in a panic. This transfer of crypto assets from speculators or momentum chasers to long-term investors is a positive sign. This lays the groundwork for the start of the next bull run but […]

More info

Blockware Mining Raises $25M — Firm Looks to Make ‘Hashrate in the US More Globally Competitive’

On Wednesday, the North American bitcoin mining operation Blockware Mining announced the firm closed a $25 million investment round. According to the company, Blockware Mining aims to leverage the financing to expand operations “beyond its currently installed North American footprint.” Blockware Raises $25 Million, Purchases 14,000 ASIC Miners Blockware Mining, a bitcoin mining infrastructure and colocation service operation revealed the company has raised $25 million on June 30. The U.S.-based firm claims to “generate bitcoin below market prices” by utilizing three different revenue streams. Blockware specializes in […]

More info

Interview: Pitfalls Of The Inflation Narrative With Jeff Booth And Aaron Segal

Jeff Booth and Aaron Segal joined “Fed Watch” to discuss the pitfalls of the common inflation narrative purported by Bitcoiners. Watch This Episode On YouTube Listen To This Episode: Apple Spotify Google Libsyn Overcast In this episode of Bitcoin Magazine’s “Fed Watch” podcast, we, your hosts Christian Keroles and Ansel Lindner, had the privilege of sitting down with Aaron Segal of Bitcoin Magazine and Jeff Booth, author of “The Price Of Tomorrow,” to discuss some of the pitfalls of the current dominant narratives in bitcoin and sound […]

More info

Bitcoin Optech #155: Proposed BIPs And Bitcoin Stack Exchange

This week’s newsletter describes two proposed BIPs related to wallet support for Taproot, and features Q&A from Bitcoin Stack Exchange. The Bitcoin Optech newsletter provides readers with a top-level summary of the most important technical news happening in Bitcoin, along with resources that help them learn more. To help our readers stay up-to-date with Bitcoin, we’re republishing the latest issue of this newsletter below. Remember to subscribe to receive this content straight to your inbox. This week’s newsletter summarizes two proposed BIPs related to wallet support for […]

More info

FINRA orders Robinhood to pay $70M due in part to ‘significant harm’ platform caused users

Regulators said the trading app should pay restitution to users like the 20-year-old who committed suicide after an erroneous negative balance appeared in his account. The U.S. Financial Industry Regulatory Authority is penalizing Robinhood to the tune of roughly $70 million based on the results of an investigation into the stock and cryptocurrency trading app. In a Wednesday announcement, the Financial Industry Regulatory Authority, or FINRA, said it had ordered Robinhood to pay $57 million in fines to the regulatory body as well as provide roughly $12.6 […]

More info

Investment app Betterment looking into long-term crypto offering, says CEO

Sarah Levy referred to the company considering “a long-term buy and hold the asset as a smaller portion of a portfolio, rather than as sort of a trading opportunity short term.” Betterment, a U.S.-based financial advisory company with roughly $30 billion under management, is mulling offering crypto investment opportunities for its customers.  In an interview with Yahoo Finance released today, CEO Sarah Levy said the company had been searching for ways to offer Betterment customers a means to add crypto to their portfolios given the growing interest […]

More info

Twitter ‘dropping NFTs all day’ in nonfungible token giveaway

The social media platform is giving away 140 free nonfungible tokens to 140 followers in a series of tweets that began on Wednesday. Leading social media network Twitter launched a nonfungible token, or NFT, giveaway on Wednesday in a campaign that shined the spotlight on the evolution of the social media network.  Twitter announced Wednesday that it will give away 140 free NFTs to 140 of its followers. The tweet, which had already received over 13,000 likes at the time of publication, contained several follow-up messages with […]

More info

Gold outshines Bitcoin in Q2 even after posting its worst month since 2016

Safe-haven rivals move inversely to one another in a quarter mired by mixed inflation reports, Elon Musk FUD, and a suddenly hawkish Federal Reserve. Gold is set to outperform Bitcoin (BTC) in the second quarter of 2021. An ounce of gold has surged from  $1,707.45 on April 1 to over $1,750 in the still-running June 30 session. That marked a roughly 3.9% jump over the quarter. Meanwhile, Bitcoin has plunged by more than 40% to below $35,000 after topping out near $65,000 in mid-April, all in the […]

More info

TeraWulf Orders 30,000 Bitmain Rigs, Eyeing Top-Ten Hash Rate Spot

Bitcoin mining company TeraWulf has ordered 30,000 Antminers from Bitmain as it seeks to increase its hash rate to top-ten levels. The world’s leading producer of bitcoin mining hardware, Bitmain, announced today a signed purchase order of 30,000 units of its latest-generation Antminer S19j Pro mining rigs from bitcoin mining company TeraWulf. “This agreement with Bitmain is the next step in TeraWulf’s plan to rapidly and efficiently scale our operations, which is based on a proven model for success,” Paul Prager, the chairman and CEO of TeraWulf, […]

More info
1 2 3 4 7