Mt. Gox’s suspected Bitgo $2.1B BTC wallet activates
A test transaction from a dormant Mt. Gox wallet triggers speculation of Bitgo’s role in the ongoing Bitcoin distribution to creditors.
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Bitcoin electricity consumption falls to November 2020 levels: Data
Bitcoin’s total annual electricity consumption has fallen almost 60% since its all-time peak recorded in mid-May, according to industry data. 42 Total views 1 Total shares Bitcoin’s total estimated annual electricity consumption has plummeted nearly 60%, falling from the all-time peak above 143 terawatt-hours (TWh) in May to as low as 62 TWh in early…

40% of Investors Say Blockchain Could Be ‘Most Transformative’ Tech Since Internet: Survey
40 percent of institutional investors believe blockchain may be the most important innovation since the internet, according to a survey by trade association the Global Blockchain Business Council (GBBC), shared with Cointelegraph Jan. 24.The opinions of 71 investors, which the GBBC quizzed about blockchain this month and last, were revealed at the ongoing World Economic…

Bitcoin at Risk as IMF Warns of Worst Downturn in 90 years
The International Monetary Fund (IMF) has published a stark prediction that the unprecedented global economic slowdown triggered by ‘the great lockdown’ will get much worse before it gets better.With Bitcoin (BTC) experiencing a record correlation with the traditional markets, the cryptocurrency needs to break away from the S&P 500 if it has any chance of…

European Council approves two digital asset proposals
A framework for digital assets in Europe is moving ahead in the labyrinth of the European Union. 385 Total views 18 Total shares The European Union's planned framework for regulating cryptocurrencies is one step closer to becoming official. On Wednesday, the European Council, which guides the EU's political agenda, announced its position on the Markets…

Solana (SOL) hits new highs as DApps, DeFi and stablecoins join the network
Solana price is pushing toward new highs as an increasing number of DApps, DeFi projects and stablecoins build platforms on the network. 2943 Total views 22 Total shares The arrival of institutional investors and the rise of decentralized finance (DeFi) has been an incredible boon for the entire cryptocurrency sector but it has also highlighted…

Galaxy Digital uses historic violin NFT to secure loan
The violin once belonged to Russian Empress Catherine II, also known as Catherine the Great.

Lawyer Roche alleges statements he made about Ava Labs are false, the result of intoxication
He claims that the recordings were a setup by a third party to discredit the lawyer and his firm, but the “whistleblowing” website is standing by its story. 283 Total views 47 Total shares Kyle Roche, the lawyer at the center of allegations made by website Cryptoleaks about a secret agreement between his firm and…

Miner Revenues Crash, But This Has Always Marked Bitcoin Price Bottoms
The revenue of Bitcoin (BTC) miners dropped to early 2019 levels for the second time in 2020. Every time it declined to a multi-year low, it marked the start of a bullish trend for BTC.The last time the daily revenue of Bitcoin miners hovered at around $7 million was on March 13, 2020. At the…