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Microstrategy Buys $10M Worth of Bitcoin, MSTR Shares Down Over 60% Since February
18.5.2021
On Tuesday, the publicly-listed business intelligence company, Microstrategy, announced the purchase of 229 bitcoins adding to the firm’s current stash of crypto. The company’s CEO Michael Saylor told his Twitter followers that Microstrategy now holds 92,079 bitcoins. Microstrategy...
Ethereum Consolidates, XRP Rallies, While MicroStrategy Buys More Bitcoin
18.5.2021
Bitcoin price climbed above the USD 45,500 resistance level. BTC is currently (12:00 PM UTC) showing positive signs and it might move above USD 46,000. If there is a clear break above USD 46,500, the bulls could take control in the near term.
Similarly, most major altcoins are showing recovery...
Elon Musk Impersonators Rake in $2 Million: Regulator Warns of Fake Giveaway Cryptocurrency Scams
18.5.2021
The U.S. Federal Trade Commission (FTC) says reports of cryptocurrency scams have skyrocketed. In particular, people have reported sending more than $2 million in cryptocurrency to Elon Musk impersonators within the past six months. Elon Musk Impersonators and Other Cryptocurrency Scams The...
Square Aims to Raise USD 2B, Bitcoin's Taproot Signal Strengthens + More News
17.5.2021
Jack Dorsey. Investments news
Bitcoin (BTC) bull Jack Dorsey-led payments company Square announced its intention to offer, subject to market conditions and other factors, approximately USD 2bn aggregate principal amount of senior notes. The company said it intends to use the net proceeds from this...
XRP Marks Massive Plunge of More than 7% in 24 Hours
17.5.2021
The previous week spelled trouble for the cryptocurrency industry as major players like Bitcoin, ETH, and XRP faced downward tendencies. XRP dropped as much as 2.69% on Sunday alone, affecting its rally of 6.22% on Saturday. Overall, Ripple dropped by 5.63% the previous week, reaching the market...
Banking system consumes two times more energy than Bitcoin: research
17.5.2021
According to Galaxy’s estimates, the annual energy usage of Bitcoin stands at 114 TWh, while the banking industry consumes over 260 TWh each year
Liquidations Soar As Ethereum, Alts Bleed More Than Bitcoin Amid Musk’s Remarks
17.5.2021
Bitcoin price failed to remain stable above the USD 48,000 support zone. BTC started a fresh decline and it broke the USD 45,000 support zone. It is currently (04:50 UTC) showing bearish signs.
Most major altcoins declined more than 10%. ETH broke the USD 3,500 support zone and it could even test...
Banking System Uses Significantly More Energy Than Bitcoin, Research Shows
17.5.2021
A new report shows that the banking system consumes more than twice the amount of energy that bitcoin does. The authors analyzed bitcoin’s energy usage and compared it to the banking and gold industries. Banking System Consumes Much More Energy Than Bitcoin Galaxy Digital published a report...
Crypto Markets Take Deep Losses, Global Trade Volumes Skyrocket, Elon Battles Crypto Twitter
16.5.2021
Bitcoin and a slew of digital currency markets are seeing significant losses on Sunday as a majority of coins are down between 2-15% during the last 24 hours. The entire crypto-economy has dropped more than 6% and bitcoin dominance is down to 40% the lowest the metric has been in two years. Crypto...
Elon Musk Doubles Down on Dogecoin, Tweets About Ideal Improvements
16.5.2021
Elon Musk, CEO of Tesla and Spacex, has doubled down on its bet that dogecoin can become a currency able to address Tesla’s new set of environmental requirements. The entrepreneur has tweeted he is now working with Dogecoin developers to improve the currency, hoping it can evolve to be more...
John Lennon’s Son Defends Bitcoin- Musician Highlights Carbon Footprint Tied to Consumerism
16.5.2021
Over the course of the last week, the concern tied to the environmental impact bitcoin mining produces continues to be a very topical discussion. On May 14, the musician and activist, Sean Ono Lennon, the son of John Lennon and Yoko Ono, said that he’s more concerned with consumerism than...
Bitcoin Cash Upgrades Successfully: Network Works as Intended
16.5.2021
On May 15, the Bitcoin Cash upgrade was applied successfully to the blockchain, bringing a slew of features directed toward improving the overall experience of users. This particular upgrade marks the start of a new upgrade schedule that will allow developers to invest more time in testing...
Cobie Livestream Raises $800,000 in Crypto to Pay Child’s Cancer Treatment
16.5.2021
Cobie, the host of the Uponly podcast and a popular crypto Twitter personality, bolstered a fundraising session for John Oliver, a six-year-old kid that is currently battling leukemia. The initiative was quite successful, getting the attention of the likes of FTX executive Sam Bankman Fried,...
As Bitcoin Drops in Value, Proof-of-Stake Tokens That Use Less Energy See Double-Digit Gains
15.5.2021
Crypto markets have been very volatile in recent times and a great number of digital assets have dropped more than 30% in value during the last three days. Although, not all the coins in the crypto economy are doing badly, as coins that do not leverage proof-of-work (PoW) consensus algorithms have...
Impidimp Gets More Powerful By Annoying People
15.5.2021
Every Pokemon is interesting and worth talking about. I don’t play a ton of Pokemon, but I do enjoy the universe and I love learning more about the creatures in it. So, Here’s Another Pokemon! It’s Impidimp!Read more
Greenidge Goes Carbon-Neutral, DeFi Crime Is Picking Up + More News
14.5.2021
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
Mining news
The owner of the vertically integrated Bitcoin (BTC) mining and power generation facility in Upstate New York, Greenidge Generation...
Square Declares It Won’t Buy More Bitcoin, Cites Network’s Carbon Footprint
14.5.2021
Square, a fintech and digital payments company, has declared earlier today it doesn’t have plans to purchase more bitcoin in the near future. The company also referred to the carbon footprint of the Bitcoin network and how it is a real issue that needs to be tackled in the future. Square...
Coinbase Says It Is Targeting More Users, Not Lower Fees
14.5.2021
The crypto exchange giant Coinbase says it does not want to go toe-to-toe with its biggest rivals over fees – and instead expects to bolster its users numbers to as high as 9 million by the end of the financial year by convincing crypto investors to pick ahead of other trading platforms.
In a...
Convenience Powered by Security: A New Browser Wallet Connects dApps to Free TON
14.5.2021
A highly scalable, decentralized blockchain platform gets a convenient browser wallet to facilitate dApps development. Crystal Wallet Metamask. Anyone who has worked with Ethereum for more than a week is familiar with this browser wallet. It lets countless decentralized applications (dApps) connect...
State-Owned Swiss Bank Postfinance Launches App Supporting 13 Cryptocurrencies
14.5.2021
The banking subsidiary of the national postal service of Switzerland, Postfinance, has launched a mobile app providing clients with access to cryptocurrencies, ETFs and more. The software allows users to make payments, save funds or invest in various assets, with a commitment to a level of security...