Monthly Archives: August 2021

Altcoin Roundup: Hodling Ethereum? Here’s how and where to stake your ETH

The options for earning passive income from staking ETH continue to expand. Here are a few. The overall feel across the cryptocurrency landscape over the past week has been one of bubbling anticipation, with the Ethereum network finally undergoing its London hard fork, which includes reforms to the transaction fee market, thanks to EIP-1559. London is the latest in a series of upgrades that are part of Ethereum’s measured transition from its original proof-of-work consensus model to a proof-of-stake model dubbed Ethereum 2.0. On Eth2, tokenholders who […]

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Crypto space weighs in on proposed amendments to US infrastructure deal

Some are urging U.S.-based crypto users to contact their representatives in support of the amendment from Wyden, Lummis and Toomey. With more than one amendment proposed to the U.S. infrastructure plan that would modify a provision on cryptocurrencies, some figures in the space are going against the one with White House support. Digital rights advocacy group Fight for the Future said today it would not support the amendment crafted by Senators Mark Warner, Rob Portman, and Kyrsten Sinema to address the issue of clarifying the language used […]

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Binance Restricts Crypto Derivatives Products in Hong Kong, Existing Positions Have 90 Days to Close

Fresh off the heels of Binance’s last announcement to discontinue crypto derivatives offerings in Germany, Italy, and the Netherlands, the company revealed on Friday crypto derivatives products in Hong Kong will cease as well. Effective immediately, users won’t be able to open new derivatives positions and customers with existing derivatives positions have 90 days to close them. Binance Ends Crypto Derivatives Offerings in Hong Kong Binance revealed on August 6 that the exchange will no longer offer crypto derivatives products to customers. The news follows the company’s […]

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What Bitcoin Mining Investors Should Expect

Veteran Bitcoin mining Kristy-Leigh Minehan discussed early Bitcoin mining players and what inventors should expect when launching a farm. Listen To This Episode: Apple Spotify Google Libsyn Overcast The third episode of “The Biz” with John Carvalho has been unlocked! In this episode, Carvalho hosted veteran mining expert and expert witness, Kristy-Leigh Minehan. This interview covered rare topics about early Bitcoin mining players like Avalon, creators of the first ever ASIC mining machine, and Friedcat from ASICMINER, the first mass-produced Bitcoin ASIC manufacturer. Minehan gave insight on […]

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Why People Struggle With Bitcoin

As it turns out, what may be the biggest blocker in understanding Bitcoin is ourselves. The relationship between human psychology and Bitcoin is a curious one. The more I watch how people arrive at Bitcoin, the more I notice a parallel between their experience and my own amid a much broader general trend. Conversely, these similarities act as entry barriers to individuals I failed to onboard and public antagonists alike. While everyone’s adventure varies, a consistent theme of stages unravel that look like disbelief, followed by discovery, […]

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Ethereum’s Vitalik Buterin Says EIP 1559 ‘Most Important Part of London,’ Network Is Burning $16K in ETH per Minute

The Ethereum blockchain has completed the highly anticipated London upgrade on Thursday and ether fans have been discussing the protocol’s burn rate with great fervor following the fork. 5.9 Ether Is Burned Every Minute, Vitalik Buterin ‘Confident’ About the future after London At press time, Ethereum is burning 5.9 ether per minute or $16.8K using today’s exchange rates against the U.S. dollar. Meanwhile, in a recent interview from Singapore, Ethereum’s co-founder Vitalik Buterin said the Ethereum Improvement Proposal (EIP) “1559 is definitely the most important part of […]

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SEC claims first enforcement action in $30M fraud case involving DeFi project

“The labeling of the offering as decentralized and the securities as governance tokens did not hinder us from ensuring that DeFi Money Market was immediately shut down and that investors were paid back,” said the SEC. A Cayman Islands-based company and two individuals may be the first subjects in decentralized finance, or DeFi, to face enforcement action from the U.S. Securities and Exchange Commission. According to a Friday announcement, the Securities and Exchange Commission, or SEC, said that this is the first case involving securities using DeFi technology […]

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Sphere 3D Acquires Exclusive Rights To Hertford Advisor’s Bitcoin Mining Agreements

Sphere 3D will reportedly have the right to assume Hertford’s bitcoin mining agreements through six months. Data management company Sphere3D has acquired exclusive right to assume all of Hertford Advisors’ bitcoin mining agreements throughout six months, reported MarketWatch. The firm has reportedly already started taking action. It said it has assumed and executed the first agreement to purchase 60,000 new bitcoin mining rigs. The deal was completed directly with the manufacturer, Sphere said, and deliveries are expected to begin in November 2021 and continue over the following […]

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Price analysis 8/6: BTC, ETH, BNB, ADA, XRP, DOGE, DOT, UNI, BCH, LINK

Bitcoin and most major altcoins are near critical overhead resistance levels, suggesting that the downtrend is very close to ending. Bitcoin (BTC) has staged a smart recovery in the past few days and the interest in the crypto sector seems to be picking up. JPMorgan Chase has added access to a new Bitcoin fund created by New York Digital Investment Group (NYDIG) for its private banking clients.  The increasing number of traditional financial institutions opening up crypto trading opportunities for their clients shows there is strong demand […]

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MyEtherWallet founder notes two key aspects of Ethereum London hard fork

Ethereum’s London hard fork made a number of changes to the Ethereum blockchain. Ethereum underwent an upgrade on Thursday, bringing with it a number of alterations to the network’s blockchain. CEO and founder of MyEtherWallet, Kosala Hemchandra, pointed toward two changes of particular importance.  “The London upgrade adds around 5 changes to the current Ethereum network; however, I believe that only 2 of them are crucial to day-to-day users,” Hemchandra said in comments sent to Cointelegraph. Noting “time bomb delay” as the first of the two, he added: “Since […]

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