Crypto wallets will evolve into 'filing cabinets' by 2030: Crypto exec
Reown CEO Jess Houlgrave believes crypto wallets will transition into a “collection of wallets and accounts that can interact with each other.”
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World’s Largest Pension Fund Lost the Equivalent of Bitcoin’s Entire Market Cap in Just Three Months
The world’s largest pension fund posted a first-quarter loss of $165 billion, which is equivalent to the Bitcoin’s entire market capitalization. 1535 Total views 46 Total shares The biggest pension fund in the world lost $164.7 billion in the first quarter of 2020. This is equivalent to the entire market capitalization for Bitcoin (BTC).Bitcoin didn’t…
Hash Rate and Bitcoin Price During Mining Events: Are They Related?
On Saturday Bitcoin (BTC) price dropped below $9,000 again, increasing the uncertainty surrounding future price estimates and reminding investors that the Coronavirus continues to impact markets across the world.Cryptocurrency market daily performance. Source: Coin360Interestingly, Bitcoin’s hash rate reached an all-time high on March 5 - 157 quintillion hashes per second - according to the available…
Bitfury Enters Music Industry With Blockchain-Based Open Source Platform Launch
Blockchain and Bitcoin mining manufacturer Bitfury announced the launch of a dedicated venture to open source the music industry in a blog post on Jan. 16.The spin-off, dubbed Bitfury Surround, aims to tackle the complex and often unfairly proportioned flows of revenue between artists, fans and middlemen using blockchain technology.The post explains,“The Surround platform will…
A Year After $20K All-Time Highs, Bitcoin Price Sees a Small Rally Above $3.5K
Bitcoin (BTC) saw a sudden surge Dec. 18 to regain support at $3,500, sparking a fresh round of gains across major cryptocurrencies.Market visualization from Coin360Data from Cointelegraph’s price tracker and Coin360 confirmed the unexpected reversal in Bitcoin’s fortunes, the largest cryptocurrency having previously traded around 15-month lows.At press time, BTC/USD hovered around $3,516, up 2.5…
Ethereum eyes $6.5K bullish target as ETH price chart paints ‘cup and handle’
Ethereum blockchain’s native asset, Ether (ETH), faces the prospect of exploding toward $6,500 in the coming sessions.ETH looks like a cup and handle too. Thoughts?— Raoul Pal (@RaoulGMI) September 15, 2021 The bullish analogy takes cues from a textbook technical pattern dubbed “cup and handle.” In detail, a cup and handle structure develops after the…
Binance CFO: Surge in OTC Trades Drove Near $80 Million Q1 Profits
A huge surge in over-the-counter (OTC) trading popularity drove major cryptocurrency exchange Binance’s $78 million Q1 profits, crypto news outlet Decrypt Media reported on April 17.Speaking in an interview, CFO Wei Zhou said OTC, which is a method of wholesale cryptocurrency trading for large-scale investors, accompanied a volume uptick as bitcoin (BTC) rose almost $1,300…
Vitalik: Terra should protect the smallholders, not the whales
Ethereum co-founder Vitalik Buterin thinks that the beleaguered Terra (LUNA) project should prioritize small hodlers as part of any proposed reimbursement plan. As widely reported, the Terra eco-system suffered a death spiral around May 9 which resulted in LUNA tanking 100% and the Terra USD (UST) stablecoin losing its USD peg (priced at $0.16 at…
Bitcoin Is Using Less Energy Despite Record Hash Rate, New Data Shows
Bitcoin (BTC) energy consumption is becoming rapidly more efficient, new data shows as hash rate continues to hit record highs.Record hash rate with less powerData from aggregator Statista accessed on Sept. 5 showed that despite more computing power being dedicated to Bitcoin mining, less electricity is required to fuel it. According to one chart, energy consumption…