Yesterday, the cryptocurrency total market cap was on the cusp of falling below $2 trillion for the first time since September. It has gained over 4% in the last 24 hours to stave off that fate, led by Ethereum (up 8%), Solana (8%), and Binance Coin and Polkadot (both up 11%). Other coins in the top 10 are also pulling…
YouTube has just banned the official channel of Bitcoin Magazine during a live stream about Cash App integrating the Lightning Network, bitcoin mining in Kazakhstan, and other Bitcoin-related news. The platform justified the move saying that “content that encourages illegal activities or encourages users to violate YouTube’s guidelines is not allowed on YouTube,” adding that exceptions might be made if…
On January 10, 2022, the Associated Press (AP), the American non-profit news cooperative founded in 1846, has announced the news agency is launching a non-fungible token (NFT) marketplace. The AP NFT market was built by the distributed ledger technology provider Xooa and on top of the Polygon blockchain network. AP Announces NFT Marketplace Launch The 175-year-old news cooperative the Associated…
Bitcoin price made a quick pop above $43,100 in the U.S. trading session but uncertainty is still the dominant sentiment among traders on Jan. 11 and bulls and bears are split on whether this week’s drop to $39,650 was BTC’s bottom. Data from Cointelegraph Markets Pro and TradingView shows that the price of Bitcoin (BTC) has traded tightly around the $42,000 level…
In brief LooksRare is a new NFT marketplace that rewards users via its LOOKS token, which it airdropped to select OpenSea users. The marketplace has already generated $110 million in Ethereum NFT trading volume since yesterday’s launch. OpenSea is on pace for a record-setting month of Ethereum NFT trading volume, but the competition is growing. A hot new challenger has…
Fidelity Investments Canada, the country’s first regulated institutional bitcoin custodian, has added a bitcoin allocation to two of its All-in-One exchange-traded funds, a set of low-risk ETFs that seek to provide investors with exposure to different assets, regions, market capitalizations, and investment styles. The addition will change the funds’ risk ratings to “medium.” Fidelity said in a Tuesday press release…
Ether (ETH) has been an emotional rollercoaster over the past three months primarily because its price rallied twice. First, it peaked at $4,870 on Nov. 10 and at $4,780 on Dec. 1. However, the double top was quickly followed by a harsh rejection, which led to $490 million in long futures contract liquidations in 48 hours. Once again, hope was…
In brief Senator Lummis accused the Fed of unfairly shutting out Wyoming crypto banks Fed Chair Powell said there are “good arguments” to include the Wyoming banks But Powell also defended the Fed’s decision not to process Kraken’s application Federal Reserve Chairman Jerome Powell defended the central bank’s policy of denying accounts to Wyoming’s upstart crypto banks on Thursday, citing…
A solo miner won a 6.25 BTC reward on Tuesday, worth about $265,600 at the time of writing, after being able to add a new valid block to the Bitcoin network with a hashrate capacity of just about 120 TH/s in the mining pool Solo CK. “Congratulations to a bitcoin miner with only 126TH who solved a solo block on…
Decentralized finance, better known as DeFi, may not be “decentralized” enough as attackers exploited centralized weak points to drain users of billions of dollars in 2021, according to research from blockchain security firm CertiK. In a new report on the state of DeFi security in 2021, CertiK researchers said “centralization issues were the most common attack vector” within decentralized finance.…
