Monthly Archives: May 2021

The technology solutions firm revealed it purchased $500,000 worth of BTC during the first quarter of 2021. 10525 Total views 3 Total shares Filings with the U.S. Securities and Exchange Commission reveal that major IT conglomerate Globant has become the latest big firm to invest in Bitcoin.The firm declared its crypto asset purchases for the…

Chia Network has raised $61 million in funding from leading tech investors including Andreesen Horowitz and Naval Ravikant for its supposedly eco-friendly crypto network. 14171 Total views 7 Total shares Blockchain startup “Chia Network” has raised $61 million in a funding round which included investment from top venture capital firms Andreessen Horowitz and Richmond Global…

XRP’s price soared 260% in April, moving from $0.57 on March 31 to $1.97 on April 14, its highest level since January 2018. The move caused XRP futures to reach an impressive $2.1 billion in open interest. However, on Wednesday, as cryptocurrency markets collapsed, XRP lost 60% in four days, liquidating $510 million of long positions.…

Strolling through the numbers of the Aave and 1inch versions on Polygon as the network gains its momentum. 28001 Total views 19 Total shares In the midst of the hectic crypto market, the gas fees in the decentralized finance (DeFi) sector have skyrocketed, once again highlighting the value of layer-two scaling solutions. Cointelegraph Consulting teamed…

Bitcoin price briefly tops $40,000 and Ether climbs above $2,600 as traders gain their composure following last week's "historic deleveraging event." 28338 Total views 7 Total shares Crypto traders were greeted by green markets on May 24 as the majority of altcoins saw their prices bounce back following last week's downturn that was the “largest…

The CEO of MicroStrategy brokered a successful meeting between Elon Musk and North American Bitcoin miners. 22471 Total views 375 Total shares North America’s Bitcoin (BTC) mining industry appears to be moving towards greater environmental sustainability after MicroStrategy CEO Michael Saylor brokered a successful meeting between Elon Musk and several prominent business leaders. Saylor and Musk…

Bitcoin’s move back to $38,000 triggered strong relief rallies in DeFi tokens and a handful of altcoins. 10260 Total views 15 Total shares Altcoins and DeFi sprang back to life on May 24 after a handful of decentralized finance tokens saw their prices increase by more than 60% as Bitcoin bulls pushed BTC price to the $38,000…

After banning crypto payments back in 2017, Indonesia is looking to allow payments in a digital rupiah currency. 887 Total views 1 Total shares The Bank of Indonesia is one of the latest global central banks to announce state digital currency plans amid a major spike in the country’s digital payments.Governor Perry Warjiyo said Tuesday…