Whales hoarding Bitcoin: Wallets with 100 or more hit 17-month high 

Throughout 2020, we saw a consistent flow of news about legacy finance, major investment companies and large corporations looking to enter the digital assets industry. The value proposition for investing in Bitcoin (BTC) and other digital currencies started to move beyond just a store of value or thinking of Bitcoin as a commodity like digital…

Intercontinental Exchange (ICE) confirmed its Bakkt cryptocurrency platform’s first offering will take the form of physical Bitcoin futures. ICE, which also operates the New York Stock Exchange (NYSE) released new details Tuesday, September 25.Bakkt, which ICE has said will be a “regulated ecosystem” for institutional investors aiming to get exposure to cryptocurrency, will offer futures…

The new facilities are expected to increase CleanSpark’s hashrate to over 20 exahashes per second by the end of June, spokespeople claimed.

In its new technical analysis, market research company Fundstrat Global Advisors says that cryptocurrencies are poised to make further gains, Bloomberg reported on June 13.Per the analysis, most digital currencies are trending upwards as relative-strength-index momentum has begun to turn upward from neutral. The tendency purportedly indicates strength in the markets.Rob Sluymer, a technical strategist…

Is this new DeFi trend here to stay? 1072 Total views 21 Total shares The DeFi frenzy has been making the headlines in the last few months, as crypto exchanges rush to list popular tokens within the decentralized finance sphere. However, another concept called “Elastic Finance” has emerged, which could be the next generation of…

County authorities captured the cryptocurrency during a 2018 drug bust in Long Branch. 745 Total views 8 Total shares A county in the state of New Jersey has announced the liquidation of cryptocurrency assets seized in 2018.On Monday, the prosecutor’s office in Monmouth County announced that the confiscated crypto —initially valued at $57,000 at the time…

The world is becoming more connected as cryptocurrency, blockchain, nonfungible token projects, the Metaverse and other online communities gain popularity. However, we’re also seeing rates of depression and feelings of isolation and loneliness skyrocket. This development is certainly not causal, but it is something to consider as younger generations become more involved in virtual spaces.…

An unknown mining group currently controls more than half of the Grin blockchain’s hashing power. 486 Total views 12 Total shares Grin, a privacy-focused cryptocurrency built on the Mimblewimble protocol, has just suffered a 51% attack on its blockchain.According to a Nov. 7 tweet from crypto mining group 2Miners, an unknown group accumulated 57.4% of…

Lenders in the cryptocurrency industry are reportedly weathering the recent crypto bear market better than others, Bloomberg reported on Jan. 2.According to Bloomberg, creditors that offer their services in the cryptocurrency industry are “finding strong demand from borrowers who don’t want to sell their virtual coins at depressed prices, as well as from big investors…