Monthly Archives: January 2022

Bitcoin App Strike In Argentina: Under The Hood

The Lightning payments app’s launch in the South American country was received with some confusion. The launch of the Lightning payments app Strike in Argentina generated a lot of confusion on Twitter after customers started downloading and using it to find out they didn’t get an actual Bitcoin wallet. Despite the muddiness, however, the Strike launch there resembles the same dynamic the company resorted to in its first iteration in El Salvador, as it also uses the USDT stablecoin to represent U.S. dollars and interacts with Bitcoin […]

More info

Crypto Biz: Here’s what you need to know about CZ’s $96B net worth, Jan. 6-13

Changpeng Zhou is crypto’s biggest billionaire, Bitfarms purchased more than $43M worth of BTC and PayPal plans a stablecoin project. Binance CEO Changpeng Zhao, also known as “CZ,” is now the world’s 11th richest person, according to Bloomberg. The crypto entrepreneur has amassed a $96 billion fortune on the back of his booming exchange business and the rapidly appreciating value of Binance Coin (BNB). CZ’s wealth offers a startling reminder of just how lucrative crypto has become for early adopters. It’s also a sign of things to […]

More info

Industry players respond to Vitalik Buterin’s thoughts on cross-chain ecosystems

“Interdependence between chains could create a domino effect that impacts multiple ecosystems if a single chain were to be attacked, but that certainly isn’t a reason to stop working on cross-chain innovations,” Komodo’s chief technology officer Kadan Stadelmann told Cointelegraph. Last week, Vitalik Buterin, Ethereum (ETH)’s co-founder, voiced his disapproval regarding the emergence of cross-chain bridges, citing security vulnerabilities due to their interdependency. In the days that followed, however, developers working on cross-chain technologies largely dismissed his skepticism. In a statement to Cointelegraph, Kadan Stadelmann, chief technology […]

More info

Small cap altcoins flash bullish signals even as Bitcoin revisits $42.5K

CREAM, ETN and RGT flashed green even as BTC price saw a sharp rejection at $44,000 that sent its price back into the $42,000 range. The cryptocurrency market faced another day of erratic price movements on Jan. 13 after Bitcoin (BTC) bulls were soundly rejected in their bid to push the price above $44,000. This led to an abrupt sell-off that has thrust the price back into the high $42,000 range.  Despite the mid-day struggle faced by Bitcoin and many of the other large market-cap cryptocurrencies, several […]

More info

Gemini acquires BITRIA to push crypto into the wealth management industry

Gemini’s future plans involve giving financial advisors access to crypto for their high profile investors. Crypto exchange Gemini announced Thursday that it had agreed to purchase Bitria, a San Fransisco-based start-up that provides traditional portfolio management tools for use in crypto investments. The goal of Bitria is to provide a platform for traditional asset managers and financial advisors to use in helping their clients invest in cryptocurrencies.  Gemini said that it seeks to integrate Bitria’s Separately Managed Accounts and its Digital Turnkey Asset Management platform into its own […]

More info

Russia’s National Finance Association Calls for Legalization of Crypto Investments

The main finance industry association of Russia has urged authorities to reconsider a position against crypto investments in the nation’s financial market strategy. The organization insists that the crypto investments of Russians should be brought out of the “gray zone” instead of being banned. Finance Industry Body Urges Government to Regulate Operations With Crypto Assets The Russian National Financial Association (NFA) has issued a call to amend the country’s Strategy for Development of the Financial Market of the Russian Federation Until 2030 in the part concerning investments […]

More info

With Bitcoin, Africa Is Becoming The Undisputed Leader of Financial Liberation

With a population rapidly adopting Bitcoin, Africa is dismissing classic narratives and becoming the world’s epicenter for the financial future. Africa is leading the way for global Bitcoin adoption — pioneering the first truly peer-to-peer movement on the ground. While many parts of the developed world are fixated on the speculative activity of bitcoin, people in Africa are teaching us about its true use cases and the opportunity it presents for greater financial inclusion of the underbanked. Much of history is rooted in the Western narrative that […]

More info

Fed’s Lael Brainard invites Congress to choose whether to compete with China’s digital yuan

“We want to make sure that we do the requisite research on policy and technology so we’re in a position to move forward if Congress decides it’s important to be able to compete with China in this regard,” said Lael Brainard. At her confirmation hearing in front of members of the Senate Banking Committee, Federal Reserve board of governors member Lael Brainard said Congress would ultimately have to decide to move forward with a central bank digital currency, or CBDC. Addressing pro-crypto Senator Cynthia Lummis at the […]

More info

Ascending channel pattern sets Polygon (MATIC) up for a potential 30% rally

A bullish technical analysis pattern and the potential approval of the EIP-1559 proposal could back MATIC’s attempt to rally to a new all-time high. Polygon prices look poised to rise by at least 30% in the wake of a key Jan. 18 upgrade that would push a considerable portion of its native MATIC token out of circulation. Dubbed EIP-1559, the improvement proposal originally came to light as part of Ethereum’s so-called London Hard Fork upgrade on Aug. 5. The proposal effectively started destroying, or “burning,” a part of […]

More info

Solo Bitcoin Miner With Only 116 TH Takes $265K Block Reward

The individual miner is the second in two days to take the full coinbase reward for himself after adding a valid block to the Bitcoin blockchain. A solo miner with only 116 TH of hashrate capacity found a valid block on Thursday to take home a 6.25 BTC reward worth over $267,500 at the time of writing, only a couple of days after another individual miner had made the same achievement. Both miners are part of the Solo CK bitcoin mining pool. “Congratulations to yet another small […]

More info
1 2 3 4 7