Monthly Archives: September 2021

El Salvador: Does Everything Really Benefit Bitcoin?

While the development appears to be great for mass adoption, there is risk to the country making bitcoin legal tender. Yesterday was a truly historic moment for both El Salvador and Bitcoin. A sovereign nation has adopted bitcoin as legal tender and recognized it as a money not treated or taxed as a capital asset. The entire path from the announcement in Miami to here has been somewhat haphazard, unclear at times, and met with a difficult to measure but undeniable push back from some of the […]

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Ukraine Has Legalized Bitcoin

The Ukrainian Parliament passed a law that legalizes and regulates bitcoin in the country, providing official clarity on the asset which was not previously clear. Today, the Ukrainian Parliament passed a law that legalizes and regulates bitcoin in the country. The bill drafted in 2020 passed with a total of 276 lawmakers supporting the law, and only six against it. The main purpose behind this bill seems to provide clarification on the asset and protect those who own bitcoin, as it was not previously legal or illegal […]

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dYdX exchange releases governance token, making its airdrop worth up to $100K

The DYDX governance token becomes the latest airdrop to surpass $100,000 for the most active users, and the DEX’s transaction volumes highlight the rising popularity of layer-2 platforms. Airdrops have been a fan-favorite in the cryptocurrency ecosystem for years because they offer projects a way to reward early adopters and increase token distribution. The latest project to surprise its community of supporters with retroactive rewards for its newly minted token is dYdX, a non-custodial decentralized derivatives exchange that operates on a layer-2 version of the Ethereum (ETH) […]

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Price analysis 9/8: BTC, ETH, ADA, BNB, XRP, SOL, DOGE, DOT, UNI, BCH

BTC and most altcoins are attempting to capitalize on today’s market-wide oversold bounce but the recovery could be thwarted by sell pressure at overhead resistance levels. Analysts are attributing Bitcoin’s (BTC) plunge on Sep. 7 to the liquidation of over-leveraged positions. According to Bybt data, about $3.68 billion worth of long positions were liquidated in the last 24 hours in the Bitcoin options market. On-chain monitoring resource Whalemap said the decline was largely caused due to selling by whales who had recently bought their Bitcoin and not […]

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Russia Not Ready for Bitcoin as Legal Tender, Putin’s Spokesman Peskov Says

Russia has no reason to recognize bitcoin, President Putin’s press secretary has noted after El Salvador became the first country to adopt the digital coin as legal tender. In a statement to the press, Dmitry Peskov revealed he is convinced that such a move would not bring any benefits to the Russian Federation. Kremlin Not Open to Bitcoin Adoption in Russia The government in Moscow sees no reason to recognize bitcoin at this point, according to Dmitry Peskov, press secretary of Russian President Vladimir Putin. Describing it […]

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CoinFLEX Announces Its Major Milestones of 2021

PRESS RELEASE. Since early August, CoinFLEX has seen a tremendous increase in trading activity, climbing to a staggering high of $3 billion USD daily trading volume with Open Interest over $200 million dollars. The increase in trading volumes and market liquidity are indications of CoinFLEX’s rapid adoption. CoinFLEX’s repo volume has also seen a significant increase, with total trading volumes surpassing $120 billion. The repo market is vital to the CoinFLEX ecosystem as its profits fuel flexUSD’s competitive APRs. On CoinFLEX and other futures exchanges, futures markets […]

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Blockstream Partners With Macquarie To Explore Renewable Bitcoin Mining Solutions

Blockstream and Macquarie collaborate to explore carbon-neutral alternatives for their joint investment in bitcoin mining. Bitcoin infrastructure company Blockstream and financial group Macquarie will be partnering to pilot a Bitcoin mining facility and explore alternative carbon-neutral energy sources to power such operations. The partnership, announced in a press release sent to Bitcoin Magazine today, will join together Blockstream’s enterprise-grade bitcoin mining facilities with Macquarie’s knowledge in energy to achieve environmentally sustainable Bitcoin mining solutions. “Macquarie’s experience and scale in traditional infrastructure investment, as well as commodity and […]

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Blockstream and Macquarie Group launch Bitcoin mining pilot program

The BTC mining industry is getting a makeover as miners shift their focus to ESG, or environmental, social and governance, initiatives. Blockchain infrastructure developer Blockstream has partnered with Macquarie Group, an Australian multinational investment bank, to launch a new pilot for a Bitcoin (BTC) mining facility with a mandate to explore carbon-neutral alternatives.  As part of the pilot project, Macquarie Group is investing in one of Blockstream’s enterprise-grade mining facilities, the companies announced Wednesday. This will allow Macquarie Group to uncover new opportunities in renewable energy that […]

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Delta Exchange launches options trading for Solana and Cardano

Crypto derivatives markets are growing in popularity as traders seek strategic, short-term exposure to digital assets. Crypto derivatives platform Delta Exchange announced Wednesday that it has launched futures trading on Solana (SOL) and Cardano (ADA), giving investors a new access point to the leading altcoins. The initial rollout of SOL and ADA call and put options will have daily maturities, with weekly and monthly maturities to be made available at a later date. Options give owners the right, but not the obligation, to buy or sell a […]

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Salvadoran Government’s Chivo Wallet Experiences Hiccups, Some Residents Can’t Claim $30 BTC Reward

On the day El Salvador implemented the bitcoin tender law, the official government wallet called the Chivo wallet had some initial issues for five hours on Tuesday. Residents could not leverage the application and had issues accessing the app on Apple’s App Store and Google Play. The situation seems to be resolved now as Salvadoran president Nayib Bukele explained on Twitter that the Chivo wallet’s “maintenance” was complete. Chivo Wallet Down Five Hours for ‘Maintenance,’ Bukele Says ‘Take It Slow,’ Google Play Servers Were ‘Saturated’ El Salvador […]

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