May 2021 | Page 69 of 125 | Last Cryptocurrency News Feed

Bitcoin Mining Difficulty Hits All-Time High As Second Taproot Signaling Period Begins

The start of a new Bitcoin difficulty adjustment window brought a major increase and a new Taproot signaling period with 63% green blocks.Bitcoin mining difficulty hit an all-time high after increasing by 21.5% today, according to data from Glassnode. It was the largest single-day percentage increase in a difficulty adjustment in almost seven years.In mid-April,…

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Bitcoin is durable, says BlackRock’s Rick Rieder

The chief investment officer seemed to be unmoved by Elon Musk's announcement yesterday, but still highlighted some challenges Bitcoin will likely face. 3342 Total views 13 Total shares Rick Rieder, chief investment officer at BlackRock Financial Management, is pushing back against Telsa CEO Elon Musk’s decision to drop Bitcoin as a form of payment.In an…

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Quiet down, Elon: 5 crypto stories that didn’t need Musk’s Twitter antics to move markets

There’s more to crypto than Elon Musk’s frequent (and frequently misguided) tweets on the subjects of Bitcoin (BTC) and Dogecoin (DOGE). And although the brilliantly visionary CEO/Securities and Exchange Commission-baiting meme king may have positioned himself as a news cycle unto himself, crypto news has the power to influence major price action across the altcoin…

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1inch Network increases liquidity sources by expanding to Polygon

Polygon, formerly known as Matic, offers 1inch Network more capabilities, including higher throughput and access to large liquidity pools. 9171 Total views 24 Total shares 1inch Network, a leading decentralized exchange aggregator, has officially expanded to Polygon — a move that opens up additional liquidity sources on Curve, SushiSwap, QuickSwap, Aave V2 and Cometh.1inch announced Thursday…

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Despite the Correction: Bitcoin’s Hash Rate and Mining Difficulty at ATH

Despite the sudden price correction, bitcoin’s fundamentals continue to reach new highs. The asset’s hash rate has recovered its recent declines and marked a new ATH. Accordingly, the network’s mining difficulty saw its most significant increase in nearly seven years to a new record level as well. Hash Rate and Mining Difficulty to New Records…

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Digitex Announces Launch of Blockfarm Yield Farming: First Program Offers $50K ETH

[PRESS RELEASE – Please Read Disclaimer 13/05/2021, St. Vincent – Digitex Ltd, a commission-free crypto futures and spot exchange, has announced the launch of its new yield farming platform, Blockfarm, built within the Digitex exchange. Through Blockfarm, users can earn an attractive passive income on their crypto holdings in a short space of time by…

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MicroStrategy Buys Another $15M Worth of Bitcoin at $55K

Despite the volatile market conditions, Michael Saylor’s business intelligence giant has doubled down on its BTC-related strategy. The firm bought another chunk of 271 bitcoins, and its total stash is now nearly 92,000 coins. The NASDAQ-listed company announced the latest purchase of 271 bitcoins on May 13th. The firm said it had bought the amount…

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Orbs Integrates with Chainlink to Create Flash Loan-Proof Farming Protocol

[PRESS RELEASE – Tel Aviv, Israel, 13th May 2021] Orbs, the project at the nexus of enterprise and DeFi, is integrating with tamper-proof Chainlink Price Feeds oracles to secure its unique single-sided exposure yield generation protocol, the Liquidity Nexus. Liquidity Nexus is the DeFi protocol that lets different counterparties split the potential rewards, as well…

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IRS Says It Would Seize Bitcoin To Settle Unpaid Taxes

In comments at a virtual conference, an IRS counsel indicated the agency would seize virtual currency like bitcoin to satisfy tax collection.According to comments made at a virtual conference this week by U.S. Internal Revenue Service (IRS) deputy associate chief counsel Robert Wearing, the agency would seize cryptocurrency assets like bitcoin from individuals it deems…

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Polkadot-centric derivatives exchange raises $6.4M in seed funding

DTrade is planning to build the first derivatives exchange on Polkadot following a highly successful private investment round. 6824 Total views 18 Total shares Decentralized exchange dTrade is bringing derivatives trading to the Polkadot ecosystem after concluding a $6.4-million seed investment round, setting the stage for wider decentralized finance use cases on the developer network. The…