Category Archive: Cryptocurrency, No picture
Exodus: China’s Bitcoin Miners Relocate Amid Regulatory Crackdown
Key Takeaways Chinese Bitcoin mining firms BIT Mining and Fenghua International are relocating to the U.S. and Kazakhstan. The Bitcoin network hashrate has significantly dropped as miners go offline following the ban. While the short-term effects are negative, the network is witnessing decentralization of the mining industry. Mine Crypto Publicly-listed Bitcoin mining firm BIT Mining […]
Karura Wins $100 Million Parachain Auction on Kusama
Key Takeaways Karura Network won the first parachain auction on Kusama. The second auction began today with Moonriver in the lead for second parachain slot. The downtrend in crypto markets has dragged KSM 52% lower this month. This news was brought to you by ANKR, our preferred DeFi Partner. Karura Network, the testnet version of […]
Bitcoin Falls Below Key Support at $30K, Dragging Alts Lower
Key Takeaways Bitcoin has fallen below key support levels at $30k on news that China may be banning BTC trading and mining. China is a global hub for Bitcoin activity and a crackdown could have a severe impact on prices. Bitcoin continues to dominate the market, with red across the board as BTC price sinks […]
El Salvador Opposition Party Sues to Block Bitcoin Legislation
Key Takeaways The opposition in El Salvador has filed a case against the new Bitcoin law, deeming it unconstitutional and baseless. Reportedly, citizens and businesses in El Salvador also have reservations about the new law. Nonetheless, the government has continued with its efforts to successfully implement BTC payments. The Farabundo Martí National Liberation Front (FMLN) […]
Sotheby’s Will Take Bitcoin Bids for Diamond Auction
Key Takeaways Sotheby’s is auctioning a diamond valued above $10 million. The successful bidder will be able to pay in Bitcoin (BTC), Ethereum (ETH), or standard fiat currency. This is the first time that such a high-value physical item has been sold by an auction house for cryptocurrency. Sotheby’s, one of the largest auction houses […]
Polywhale Team Abandon $100 Million Project Amid Scam Allegations
Key Takeaways Polywhale Finance, the first yield farm on Polygon, has abandoned the project and withdrawn over $1 million in tokens. The team said they were quitting due to bad tokenomics and poor market conditions, a claim dismissed by others. Community members describe the incident as a “soft rug,” a fraudulent exit scam in which […]
Bulls Lose Hope as Bitcoin, Ethereum Continue to Fall
Key Takeaways More than $1 billion was liquidated on major exchanges on Monday as Bitcoin continued its bad weekly performance and Ethereum revisited sub-$2,000 levels. Bad news from China sent ripples through the already-weakened markets as only one cryptocurrency out of the top 100 has had a positive 24 hours. The crypto market just saw […]
MicroStrategy Buys The Dip With $489 Million BTC Purchase
MicroStrategy has completed a $489 million Bitcoin purchase from the proceeds of the sale of $500 in senior debt notes last week. MicroStrategy and the Big Bitcoin Bet The American intelligence firm added 13,000 BTC to its treasury from $489 million (after expenses) raised from corporate bonds sale to accredited investors. The average purchase price […]
China’s Central Bank Calls for Crypto Trading Ban
Key Takeaways China’s central bank has issued guidelines for a harder crackdown on crypto. Bitcoin and crypto prices crashed this morning after the news broke-out, with experts warning this crackdown is more serious than previous ones. The implementation of further bans in China threatens a huge setback for crypto markets. The central bank of China […]
Mila Kunis Launches “Stoner Cats” NFT Cartoon Series
Key Takeaways Mila Kunis is launching “Stoner Cats,” an animated web series Viewers will purchase NFTs, which will be used as access tokens. Funds raised will go toward funding future episodes. Kunis will also voice one of the characters in the series. Actress Mila Kunis has plans to launch a new series of NFTs, as […]
