Did the crypto market bottom this week? — Here’s what the data shows

United States-based software corporation Microsoft has removed eight Windows 10 applications from its official app store after cybersecurity firm Symantec identified the presence of surreptitious Monero (XMR) coin mining code. The news was reported by Symantec on Feb. 15.Stealth crypto mining — also know as cryptojacking – works by installing malware that uses a computer’s…

Paypal’s new Ethereum-based stablecoin, PYUSD has been seen as bittersweet news for the crypto community. While it could finally see Ethereum find its place in mainstream adoption, it could also spell trouble for decentralization and personal control of assets, warns the community. The new stablecoin, Paypal USD, was launched on Aug. 7 and is issued…

The next few days will see a decision made, which if approved would be the first time pension fund money was used in decentralized finance. 357 Total views 38 Total shares The Northern Virginia county of Fairfax has already invested a part of its pension funds in crypto and blockchain startups. Now, it’s mulling over…

Yearn Finance (YFI) price has been in a serious rut during the past 2 weeks and many in the crypto community blame the sharp correction on Sam Bankman-Fried (SBF), the CEO of Alameda Research and FTX. In the past month, DeFi giant Yearn.finance’s native token YFI dropped 62.7% from $43,970 to $16,360.As Cointelegraph has reported, the…

Charlie Lee, Litecoin’s (LTC) creator, declared that he will focus on making the major cryptocurrency more fungible in a tweet Jan. 28.Lee stated in the tweet that “fungibility is the only property of sound money that is missing from Bitcoin & Litecoin,” adding that “the next battleground will be on fungibility and privacy.”The tweet’s conclusion…

Crypto derivatives exchange BitMEX is implementing major changes to the weights of its indices later this month, according to an announcement published today, Nov. 1.The exchange says the update is a bid to ensure that users trade against a reference price that “more closely reflects the market consensus price of underlying assets.”New weightings and new…

An historic renewable energy facility in New York has tripled its profits by mining Bitcoin. 229 Total views 2 Total shares New York’s Mechanicville hydroelectric plant — one of the oldest hydropower generation facilities in the United States — is now host to Bitcoin mining.The plant is owned by Albany Engineering Corp (AEC), which was…

The New York State Department of Financial Services (NYDFS) has granted a virtual currency license, or BitLicense, to Cottonwood Vending LLC, according to an official tweet on Jan. 31.Cottonwood Vending is a Bitcoin (BTC) ATM operator with terminals in New York City and the surrounding area. According to the tweet, the granting of such licenses…

Bitcoin (BTC) surged to a new all-time high over the weekend, but what’s in store as a new week begins?With $24,000 still in play, Cointelegraph takes a look at five factors influencing BTC price action over the coming days.Coronavirus stimulus deal includes $600 direct paymentsA sigh of relief from the United States as Congress was…