Monthly Archives: August 2021

Tokenized Bitcoin on Ethereum Crosses $11 Billion Notional, WBTC Commands 76% of Circulating Supply

According to data on August 7, there’s 253,510 bitcoin-pegged or wrapped tokens worth more than $11 billion in value on the Ethereum blockchain. Out of the seven different bitcoin-pegged projects, the Wrapped Bitcoin protocol has 194,023 bitcoin-pegged ERC20 tokens in circulation. Over 250K Tokenized Bitcoin In Circulation Split Between 7 Ethereum Projects, Binance Smart Chain’s Bitcoin-Peg Reaches 73K Issued Ethereum (ETH) jumped over the $3K zone in value on Saturday, as the protocol successfully upgraded on August 5. ETH’s market valuation has gained a significant amount of […]

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An Ethereum blockchain upgrade, crypto regulatory battles, and Bitcoin price discussion: Hodler’s Digest, Aug. 1-7

Coming every Saturday, Hodlers Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more a week on Cointelegraph in one link. Top Stories This Week   Square to acquire Australian fintech Afterpay in $29B deal Jack Dorseys digital payments firm Square entered into a $29 billion stock deal to purchase Australian buy now, pay later (BNPL) firm Afterpay this week. Just like the name Afterpay implies, Square will […]

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2 Senators introduce pro-crypto amendment to infrastructure bill; industry says it’s not enough

Perianne Boring, the founder and president of the Digital Chamber of Commerce, provided details about the proposed amendment Saturday afternoon. United States senators Mark Warner and Kyrsten Sinema, both Democrats from Virginia and Arizona, respectively, have introduced a new amendment to the infrastructure bill that would lessen the burden on cryptocurrency tax reporting for miners and wallet providers.  As Perianne Boring reported Saturday afternoon, the senators are endorsing an amendment that would exclude cryptocurrency miners and hardware and software wallet providers from being subject to new tax […]

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British Auction House Christie’s to Auction Cryptopunks, Meebits, Bored Apes NFTs

The well known luxury auction house Christie’s has announced the company’s first non-fungible token (NFT) art sale in Asia on September 17. According to the announcement, the NFTs will feature Cryptopunks by Larva Labs, Meebits, and Bored Apes. Christie’s Reveals First NFT Auction in Asia Founded in 1766 by James Christie, the British auction house Christie’s has been auctioning luxury goods, artwork, clothing, and jewelry for well over 100 years. Christie’s got into the cryptocurrency and blockchain scene last year and sold its first NFT for $131,250. […]

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Here’s what traders expect now that Ethereum price is over $3,000

ETH traders hint that the bull market could be back after Ethereum price hit $3,000 for the first time in 79 days. This week Ethereum’s London hardfork was completed without a hiccup and investors have now reset their eyes on new highs above $3,100. Data from Cointelegraph Markets Pro and TradingView shows that the price of Ether (ETH)  did in fact experience a “sell the news” sell-off shortly after London went live but dip buyers quickly rushed in and pushed its price back above $2,800, its highest level […]

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Axie Infinity Hits 1 Million Daily Active Players, First NFT Project to Hit $1B All-Time Trade Volume

The Ethereum game Axie Infinity continues to see demand as the developer Sky Mavis revealed on Friday there are now more than 1 million daily active players. Additionally, the game token utilized within the Axie Infinity gaming universe tapped an all-time high at $52 per unit 10 days ago. Despite being down 18% from the price high, axie infinity (AXS) tokens have gained over 60% in the last two weeks. Axie Infinity Celebrates 1 Million Daily Active Players While blockchain gaming and non-fungible token (NFT) assets continue […]

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Crypto community in shock over Brian Brooks’ resignation from Binance.US

Changpeng Zhao said Brooks stepping down would not “impact Binance.US customers in any way.” The cryptocurrency community has different thoughts. After serving as the chief executive officer of major cryptocurrency exchange Binance.US for less than four months, Brian Brooks announced Friday he would be stepping down — a move that was greeted with confusion and suspicion from the crypto community.  Citing “differences over strategic direction,” the now-former CEO said he had already resigned his position at Binance’s U.S. arm. Brooks had been leading the crypto exchange since […]

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Tesla CEO Elon Musk Opposes ‘Hasty’ Cryptocurrency Regulation

Tesla CEO Elon Musk says there is no crisis that compels hasty cryptocurrency regulation. He agrees with Coinbase CEO Brian Armstrong that the U.S. government should not pick winners or losers in cryptocurrency innovation. Elon Musk and Coinbase CEO Agree on Crypto Regulation Tesla CEO Elon Musk has chimed in on the heated discussion of the U.S. government picking winners and losers in the crypto space. This followed the endorsement by the White House of a crypto tax amendment to the $1 trillion infrastructure bill that the […]

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The Bitcoin Honey Badger Voting Bloc

The potential voting force of Bitcoiners should not be underestimated by those looking to the future. Throw 100 cyber-hornets into a voting booth and they will sting each other to death with 100 viewpoints. Throw 100 cyber-hornets into a room with a Bitcoin-hater like Nassim Taleb (who personally attacks Lyn Alden???) and we will sting him to insanity. That’s the power we have if we become a singular force for advancing Bitcoin. Enough with the Red versus Blue. It’s time for the Orange Party. “Fix the Money, […]

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Bitcoin erases May crash losses as BTC price rebounds to $44K

Indicators suggest that Bitcoin is looking to repeat the October 2020-like rally that sent the prices from $10,000 to $65,000. Bitcoin (BTC) price reacted as high as $44,600 on Aug. 7, the highest level since before the infamous May 19-crash.  Meanwhile, there are increasing speculations that BTC could undergo a similar upside boom like the one that began in October 2020. Bitcoin reached $44,600 before correcting lower on profit-taking sentiment. Source: TradingView.com At least two indicators expected Bitcoin to pursue massive uptrends. The first one was Glassnode’s […]

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