May 2021 | Page 54 of 125 | Last Cryptocurrency News Feed

Polygon active users grow by 75,000 as DeFi boom continues

Data from DappRadar shows rapid uptake of Polygon-based decentralized applications. The network now has 93 functioning dapps, up considerably over the past four weeks. 3343 Total views 18 Total shares Polygon, a leading platform for Ethereum (ETH) scaling and infrastructure development, has attracted 75,000 new users over the past seven days, highlighting growing demand for…

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Buyer of Jack Dorsey’s ‘genesis tweet NFT’ reportedly detained in Iran

Iranian cyber police allegedly seized control of Bridge Oracle CEO Sina Estavi’s Twitter account. 2623 Total views 13 Total shares Iranian Cyber Police have reportedly arrested Bridge Oracle CEO Sina Estavi, according to a tweet pinned to Estavi’s Twitter account.A rough translation of the tweet reads: “The owner of this account was arrested on charges…

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Is Bitcoin nearing another Black Thursday crash? Here’s what BTC derivatives suggest

Bitcoin's 51.4% crash in March 2020 was the most horrific 24-hour black swan event in the digital asset's history. The recent price activity of the past week has probably resurrected similar emotions for investors who experienced the Black Thursday crash. Over the past week, Bitcoin's (BTC) price dropped 29% to reach a three-month low at $42,150.…

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Bullish for Bitcoin? 39 Million US Households to Receive up to $3.6K Monthly Stimulus Starting July 15th

A new rule under the hat of the COVID-19 relief bill will see 39 million US households receive up to $3,600 monthly starting from mid-July. Given the history between BTC’s price appreciation since the first-ever stimulus bill, the narrative rises now if this latest endeavor will push bitcoin higher again. 39M American Families to Receive…

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The Top-10 Bitcoin Mining Pools Have Signaled For Taproot

Each of the top-10 bitcoin mining pools by hash rate have signaled at least one block for the Bitcoin network’s Taproot soft fork activation.After bitcoin mining pool BTC.TOP recently mined a “green” block, the top-10 bitcoin mining pools by hash rate have now all signaled at least one block for Taproot activation, according to data…

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NYDFS taps former DOJ attorney as deputy virtual currency chief

The former Department of Justice trial attorney has been with the New York State Department of Financial Services for eight years. 1379 Total views 9 Total shares Debra Brookes’ new role with the New York State Department of Financial Services may suggest more of a focus on regulation through enforcement.An attorney who has been working…

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Sony Publishes Patent For Bitcoin-Enabled eSports Gambling Platform

A recently published patent filing from Sony Interactive Entertainment describes a platform for betting on esports contests using bitcoin.According to a report from Market Research Telecast, Japanese video game giant Sony Interactive Entertainment has recently published a patent filed in 2019 for an esports betting platform that would accept bitcoin wagers.“Wagers may be pecuniary, e.g.,…

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Elon Musk Gifts Bitcoiners A Stacking Opportunity

Tesla CEO Elon Musk continues to spread misinformation about Bitcoin, demonstrating that he doesn’t understand it and isn’t ready to HODL.Yesterday, in a response to a thread from Bitcoin podcaster Peter McCormack on his misinformed shilling of $DOGE in recent weeks, Elon Musk replied “Obnoxious threads like this make me want to go all in…

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Do I Have To Pay Taxes On Bitcoin?

What is the current outlook on bitcoin taxes, and what might the future hold as the network and asset grows?While many joke about that unfortunate boating accident that magically makes all bitcoin disappear, the vast majority of us know that as the popular meme goes, “One does not simply not pay taxes.” This article is…

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Galaxy Digital books $860M in net comprehensive income in Q1

Twelve months earlier, the company recorded a comprehensive loss of $26.9 million. 1342 Total views 6 Total shares Galaxy Digital Holdings, a cryptocurrency-focused investment manager, booked a stellar first quarter on the back of surging digital asset valuations.The company’s net comprehensive income, which includes net income and unrealized income, surged to $860.2 million in the…