Hut 8 mined 256 bitcoin in November.The Canadian miner has deposited all the BTC it scooped last month into custody, maintaining its “hodl” strategy.Hut 8 now holds 5,242 bitcoin in reserve. Canadian bitcoin mining company Hut 8 deposited all of its 256 bitcoin mined in November into custody, the company said in a statement Thursday. The miner embarked on a…
Two days ago on November 30, the price of bitcoin (BTC) tapped a high that day reaching $59,250 per unit, but it has since dropped close to 5% in value to just above the $56K region. Onchain statistics indicate that whales and long-term holders (LTHs) have been spending over the last month and blockchain parsers have witnessed enormous movements in…
Bitcoin (BTC) price is down this week, and naturally, bears will always find some reversal signal whenever the price shows strength, such as the 8% gain on Nov. 28. Of course, technical analysis is not an exact science, so there is a margin for interpretation and most traders look at multiple timeframes to find a narrative that suits their bias. …
Free crypto trading terminal Aurox is preparing to go live on the Polygon Network to make it easier, faster and cheaper to trade and lend crypto minus the unnecessary fees and arbitrage opportunities that only serve to enrich middlemen. Polygon is a layer-2 interoperability and scaling solution that allows developers to create and deploy their own Ethereum-compatible blockchains while avoiding…
It’s time to explore ways to embrace Bitcoin and digital assets, Korea Exchange (KRX) Chairman Son Byung-doo said, according to a report by local outlet Chosun. Byung-doo drew parallels between Bitcoin and the traditional capital markets, calling for investor protection and transaction stability measures. “We need to study ways to embrace virtual assets as ‘know-how’ in the capital market,” Byung-doo…
In brief Adidas has launched a metaverse play in partnership with the Bored Ape Yacht Club and other collaborators. The firm purchased a Bored Ape NFT avatar and will create a character named Indigo Herz that is based upon it. Following recent teases, apparel brand Adidas announced today that it has purchased a Bored Ape Yacht Club NFT and is…
intermediate In 2020, Uniswap decentralized exchange was at the center of the hype around decentralized finance (DeFi). The platform launched its native cryptocurrency, Uniswap (UNI), in September 2020. The token’s price boomed, and in a couple of days, UNI already was in the top-40 cryptocurrencies by market capitalization. What is the future of UNI cryptocurrency, and what is a possible…
Pashtana Durrani, the founder of an organization working to make education available to women and girls across Afghanistan as the country remains under Taliban rule, said the Islamic fundamentalist group has poor financial literacy, especially when it comes to crypto. In a Wednesday interview with political commentator Tommy Vietor from Pod Save the World, LEARN Afghanistan founder Pashtana Durrani said…
In brief Axie Infinity co-founder Jeff Zirlin spoke about Facebook’s metaverse play at NFT BZL in Miami. The social media giant has big plans for the metaverse, but many crypto advocates are pushing back against centralized influence. Facebook recently amplified its plans for the coming metaverse, not only showcasing its vision in a streaming presentation but actually rebranding its parent…
Fidelity Canada has launched its spot bitcoin exchange-traded fund (ETF) offering in the country, the company said in a statement Thursday. The asset manager, now the largest to offer a bitcoin ETF, has also launched a mutual fund. The Fidelity Advantage Bitcoin ETF has begun trading in the Toronto Stock Exchange (TSX) under the ticker symbol FBTC for the Canadian…
