May 2021 | Page 32 of 125 | Last Cryptocurrency News Feed

Chia Network Raised $61M and Announced Plans to Go Public

Another cryptocurrency-related company aims to go public, this time, it’s China Network. The project, founded by the inventor of BitTorrent, has chosen a more traditional way through an IPO and came a step closer after raising $61 million in a recent funding round. Chia Network Raises $61M to Go Public Founded in 2017 by Bram…

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Ethereum Recovered $900 Since Sunday’s Low as Bitcoin Neared $40,000 (Market Watch)

The cryptocurrency market continues to recover after the massive sell-offs, with bitcoin nearing $40,000 yesterday. The altcoins have pumped even harder with substantial double-digit gains for ETH, BNB, XRP, DOT, and more. Bitcoin Neared $40K on Bullish Developments After struggling for a week and dumping to a low of $30,000, bitcoin has been gradually reclaiming…

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Max Keiser Got it Right: Ray Dalio Now Owns Bitcoin

After recent inflationary concerns and monetary policy stances that the US government has announced, Dalio has warmed up to the concept of Bitcoin as a store of value and is starting to hold it in higher esteem compared to certain traditional vehicles like government bonds. Inflation Takes Hold After a long period of suppressed demand,…

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Bitcoin “FUD-bath” Last Week Drives $4.5 Billion in Realized Daily Losses

Analytics provider Glassnode has been breaking down last week’s market slump in its Monday “Week on Chain” report, revealing that the market traded down by over 47% from the weekly high of $59,463 to lows of $31,327. This generated a massive red $28K weekly candle, the largest ever. “The magnitude of realised losses on-chain this…

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Bitcoin “FUD-bath” Drives $4.5 Billion in Realized Daily Losses

Analytics provider Glassnode has been breaking down last week’s market slump in its Monday “Week on Chain” report, revealing that the market traded down by over 47% from the weekly high of $59,463, to lows of $31,327. This generated a massive red $28K weekly candle, the largest ever. “The magnitude of realised losses on-chain this…

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Korea Slowly Moves Closer To Having Its Own CBDC

Korea’s central bank is looking to move forward with the implementation of a central bank digital currency at a slow but sure pace. According to information revealed by the Korea Herald on Monday, May 24, 2021, the Bank of Korea is working on implementing a virtual environment that would allow to evaluate, control and test…

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Bitcoin And The Death Of The US Dollar

The long-awaited demise of the most destructive fiat currency in history looms on the horizon.There’s been lots of talks about the U.S. dollar losing its status as the world’s reserve currency. While most people still wonder when this is going to happen, I’m here to bring you the shocking truth: It’s already happening right in…

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Bitcoin Eyes $40K as Musk & Saylor Work on Green BTC Mining Initiatives

BTC has reclaimed the $40K level after Elon Musk’s surprise announcement that he had spoken to North American Bitcoin miners, who are committing to use renewable resources whilst mining bitcoin, and will request miners worldwide to follow suit. This meeting was hosted by MicroStrategy CEO and Bitcoin advocate Michael Saylor, and it included the leading…

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Bitcoin Lurks Where Monetary Responsibility Has Been Abdicated

Bitcoin, being sound money capable of long-term wealth storage, returns the responsibility of saving to the people.Rule IV: Notice That Bitcoin Lurks Where Monetary Responsibility Has Been AbdicatedA reimagination of “Beyond Order” by Jordan Peterson through the lens of Bitcoin.PrefaceThis writing mirrors the exact chronological structure of Beyond Order; offering perspective through a Bitcoin lens.…

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Vitalik Buterin Responds to Elon Musk on Why His Intention to Scale Crypto 10x Is Flawed

Ethereum (ETH) Co-founder Vitalik Buterin had some words for Elon Musk after posting on Twitter that Dogecoin could increase its block size by 900%. Vitalik had several counterarguments for Musk’s claims in a paper published on his personal blog. He emphasised that scalability and higher throughput can be achieved by simply increasing the network’s parameters.…