Iran has restricted bitcoin mining operations for the second time this year.Licensed miners are required to shut down until March.Excessive energy demand has led to less power sent to industrial consumers. Iran has once again ordered bitcoin miners to shut down to ease power demand on the country’s energy grid during the winter months. Licensed miners are expected to receive…
Month: December 2021
Ethereum Has Burned 1.2 Million ETH in 4 Months, Close to $5 Billion in Ether Destroyed – Technology Bitcoin News
With three days left until the end of 2021, the Ethereum network and its native token ether have had a phenomenal year as ether has increased more than 450% in value in 12 months. 145 days ago, on August 5, the Ethereum network implemented the London hard fork and since that day, 1,283,226 ether worth close to $5 billion has…
The biggest NFT trends of 2021
According to a recent report by Cointelegraph Research, the volume of nonfungible tokens (NFTs) sold this year could eclipse $18 billion. From artwork, music and in-game characters to videos and photographs, these minted certificates of ownership for digital assets on blockchains are well sought after by collectors, investors and philanthropists alike. They can also be freely traded across decentralized NFT…
Mutant Ape Yacht Club Sales Surge 500% As One Ethereum Serum NFT Sells for $3.6M
In brief Mutant Ape Yacht Club NFT prices are rising, with a nearly 500% increase in trading volume over the last week. The collection was launched in August, with existing Bored Ape NFT owners able to use serum to mint one Mutant Ape for free. Following the Bored Ape Yacht Club’s recent surge in value and attention, the spin-off Mutant…
Bitcoin Marketplace Scarce City Raises $690,420
Scarce City, a marketplace of Bitcoin-related artworks, has raised $690,420 from investors including Jason Williams, Brad Mills, Plan B Ventures, Lightning Ventures, and Fulgur Ventures. “We’re grateful to bring bona fide Bitcoin investors on to our team to contribute to our mission to support Bitcoin culture and adoption,” said Scarce City’s chief executive pleb, Chris Tramount, in a statement sent…
What were the biggest crypto outcomes of 2021? Experts Answer, Part 1
Hatu is the co-founder and chief strategy officer of DAO Maker, which creates growth technologies and funding frameworks for startups while simultaneously reducing risks for investors. “For a space as dynamic as blockchain, it is tough to pinpoint the reasons behind the industry evolving during the year. However, I feel the adoption of smart contracts has bolstered the growth of…
DeFi sector tokens offer shelter as Bitcoin falls below $48.5K
The cryptocurrency market slid lower on Dec. 28 as the price of Bitcoin (BTC) lost nearly $4,000 in value in a matter of hours with bulls now looking to secure support at $48,500 to prevent further losses. In the midst of the market-wide drawdown, the decentralized finance (DeFi) sector of the crypto ecosystem has offered some traders shelter from the…
Crypto Mogul Greg Dwyer Buys More Time in BitMEX Case
The legal team behind BitMEX’s first employee Greg Dwyer has managed to buy him more time in his ongoing case with U.S. authorities. They argued that Dwyer had less time to prepare for the proceedings while he was fighting extradition from Bermuda. In October 2020, the U.S. Department of Justice accused Dwyer, along with the crypto exchange’s co-founders Ben Delo,…
Donate Bitcoin To Fight ALS
Donate bitcoin to fight ALS and win Hal Finney stickers.The Running Bitcoin Challenge runs from January 1-10.Run 13.1 miles and get a limited edition gaiter. Join the Running Bitcoin Challenge from January 1-10 in honor of cypherpunk and Bitcoin early adopter Hal Finney and help raise money to fight ALS. Finney was diagnosed with ALS on August 5, 2009, and…
Tokenized Bitcoin in Circulation Nears a Half Million BTC, Bitcoin-Pegged Token Value Exceeds $21 Billion – Blockchain Bitcoin News
According to data recorded on December 28, there’s approximately 434,265.43 bitcoin-pegged or wrapped bitcoin tokens worth more than $21.3 billion across several blockchains. Ten different bitcoin-pegged projects exist today and the project Wrapped Bitcoin dominates 59.66% of all the tokenized bitcoin in circulation. Close to a Half Million Tokenized Bitcoin Circulates on Several Blockchains, Wrapped Bitcoin Dominates by 59% Toward…