Volatility is the name of the game in the cryptocurrency market and the Nov. 11 evening sell-off in the price of Bitcoin (BTC) is a reminder that new all-time highs are often followed by sharp whipsaws to underlying support levels. Data from Cointelegraph Markets Pro and TradingView shows that after dropping to a low near $62,800 late on Nov. 10,…
As the price of Bitcoin continues to climb, so too does the rate at which investors pull their funds off crypto exchanges, according to a recent Glassnode analysis. Currently, 12.9% of the circulating Bitcoin supply, or roughly $163 billion, is sitting on exchanges, according to the report. The trend started in August, when Bitcoin started gaining some upward momentum after…
Bitcoin user Callum McArthur’s house was broken into last month, and the burglars stole his hardware wallet and recovery words which stored his bitcoin stack. However, even though the criminals managed to get away with McArthur’s devices, they didn’t know that the keys they took were part of a multisig setup. As a result, the burglars couldn’t spend one satoshi,…
Sotheby’s, the British-founded American luxury auction house, has announced the company will be selling Banksy works for real-time bids in ethereum at “The Now Evening Auction” on November 18. While the upcoming auction will have pieces from highly acclaimed artists such as Mark Bradford and Yoshitomo Nara, Banksy’s “Love in the Air” and “Trolley Hunters” will be sold for ether…
At a November 11 press conference, blockchain- based document security company Transcrypts announced a partnership with Doctors Without Borders, or DWB, that began on October 14th. Working together, they have already uploaded 6500 immunization records to the blockchain, with a goal of 76000 by 2022. Most of the recorded immunizations are COVID 19 vaccines, but the company stated that the…
press release PRESS RELEASE. Welnance, a DeFi protocol built on Binance Smart Chain, is set to launch the first Lao crypto and decentralized product on the 11th of November, 2021. Welnance is a decentralized financial platform that’s aimed at promoting financial freedom and choices for people around the world by offering fast, secure, reliable financial products and services to customers.…
Canadian Bitcoin mining company Bitfarms is planning to build its first data center in the United States following the purchase of a land plot in Washington State. In a Nov. 11 announcement, Bitfarms said it aimed to establish mining operations in the U.S. capable of 620 petahashes per second using 6,200 Bitmain rigs fully powered by hydroelectric energy. The firm…
There’s no denying it: support for bitcoin among publicly-listed companies is growing. As of June this year, more than 34 public companies collectively held over 213,000 bitcoin on their balance sheet, roughly equating to 1.14% of the asset’s circulating supply. From vehicle manufacturers (Tesla) and business intelligence firms (MicroStrategy) to crypto-native companies (Coinbase, Riot Blockchain, Inc) and fintech platforms (Square,…
Watch This Episode on YouTube Watch/Listen To This Episode: In this episode of Bitcoin Spaces Live, host Christian Keroles (@ck_snarks) is joined by Aaron Segal (@LudiMagistr) to discuss his article for Bitcoin Magazine titled “Bitcoin Information Theory: B.I.T.”. Aaron explains how entropy is closely related to money and how Bitcoin as information is ultimately a reduction of entropy. This is…
In brief Universal Music Group has formed Kingship, a virtual band based on Bored Ape Yacht Club NFT avatars owned by collector Jimmy j1mmy McNelis. Kingship will release music and perform in the metaverse, with plans to release its own NFT collectibles as well. Reimagining the virtual band playbook of Gorillaz with a crypto twist, major music label Universal Music…
