An Ethereum and Web3-Compatible Sidechain Is Coming to Bitcoin Cash

On March 2, 2021, the average fee on the Ethereum network costs around 0.0083 ETH in gas or around $12.89 per transaction. Transaction fees of this caliber have dampened Ethereum-based decentralized finance (defi) applications and Web3 platforms....

Quickswap DEX Offers Credit and Debit Card Support

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Crypto tax startup TaxBit raises $100 million in round backed by PayPal, Bill Ackman and more

Utah-based crypto startup TaxBit has raised over $100 million in its Series A round, according to a Forbes report published on Tuesday. The post Crypto tax startup TaxBit raises $100 million in round backed by PayPal, Bill Ackman and more appeared first on The Block....

PayPal Rumored To Buy Curv, Goldman Sachs Reenters Bitcoin + More News

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.Investments newsPayPal is said to be in the process of buying crypto custodian Curv, Coindesk reported, citing three undisclosed sources "familiar with the situation." Israeli news website ...

Is Copytrading on Platforms Like eToro Easy?

With copy trading, traders are allowed to automatically copy different traders’ positions whenever they are opened or closed. These positions are usually advertised using social media networks where their different followers can copy different methods....

Bitcoin at $21,000? Is a buying opportunity coming soon?

A series of on-chain metrics registered corrections when Bitcoin fell on the charts last week. In fact, BTC dropped down to as low as $43,000 briefly, with significant reshuffling seen after Futures Open Interest dipped by $4 billion too....

State Street named fund administrator for VanEck’s proposed bitcoin ETF

Asset manager VanEck’s proposed bitcoin ETF is still before the U.S. Securities and Exchange Commission. On Tuesday, State Street announced that it had been appointed to a crucial role should the ETF move forward. State Street would serve as fund administrator and transfer agent, according to a press statement....

Chainlink May Gain Prominence Over Bitcoin – Citi Report

Quick take: A recent report by Citi Group forecasted that Chainlink may gain prominence over Bitcoin The report cites the use of LINK as a token in the Chainlink ecosystem could increase as blockchain continues to thrive globally over time Chainlink is also being adopted on other networks such as Tezos and Polkadot Earlier this week, the team at Ci...

EOS, Neo, Ethereum Classic Price Analysis: 02 March

EOS was trading within a descending channel, but an upwards breakout was predicted as trading volumes rose. Neo looked primed for a bullish reversal as the indicators flashed green signals at the time of writing....

Shark Tank star changes tune on Bitcoin, will allocate 3% of his portfolio

Kevin O'Leary referenced investor Dan Loeb’s "deep dive" into crypto in his decision to more fully invest in Bitcoin....

Americans Can Now Buy Dogecoin from 1,800 Crypto ATMs Across the Country

American citizens can purchase Dogecoin from 1,800 crypto ATMs in 46 states after CoinFlip added the meme token to its growing network....

Ethereum Price Analysis: ETH set to move lower again after sharply rejecting $1,600 resistance

TL;DR Breakdown ETH resisted $1,600. Ethereum is currently testing $1,500. More downside is expected overnight. Ethereum price prediction for today is bearish as the market has reversed to the downside after testing $1,600 resistance and printing a bearish pin bar on the 4-hour chart....

Bitfarms to acquire 48,000 miners to increase hashing capacity

Canadian miner Bitfarms is set to acquire 48,000 new miners from MicroBT in order to increase hashing capacity by approximately 5.0 EH. At present, the company has 1.0 EH/per second....

Law Firm Sues MoneyGram Over Ripple Partnership

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You can now buy a used Hyundai with Bitcoin, not just a Lambo

Practical use cases for cryptocurrency payments are popping up all the time. Now, crypto holders in North America will be able to purchase their next vehicle with BTC....

Goldman Sachs Launching Long-Anticipated Bitcoin Trading Desk: Report

US banking giant Goldman Sachs is reportedly launching a Bitcoin trading desk and exploring other products in the crypto space. An anonymous source “familiar with the matter” tells Reuters that Goldman will debut Bitcoin futures contracts later this month....

Bitcoin Price Prediction: BTC screams sell as short-term technical flip bearish

Bitcoin must reclaim support above the 50 SMA to allow bulls to shift the focus to $52,000. The MACD indicator has turned bearish, adding weight to the overhead pressure. Bitcoin temporally stepped above $50,000 on Monday, but bulls lost steam immediately, leaving open-air to be explored by the bears....

China’s Inner Mongolia Plans to Shut Down Bitcoin Mining Operations by April This Year

Inner Mongolia, an autonomous region in northern China, is planning to shut down all cryptocurrency mining activities in the area by April 2021, as part of efforts to improve energy efficiency....

xSigma DEX launch: More than $100M in liquidity pooled on first day

xSigma, a decentralized exchange for stablecoin swaps, has successfully launched on the Ethereum network on 24 February, 2021....

Bitfarms Targets 5% of Bitcoin's Hash Rate With 48,000 New Miners

Canadian Bitcoin mining company Bitfarms has purchased 48,000 new MicroBT miners....

Coinbase IPO: How much of its success will depend on Bitcoin?

Coinbase started its journey by helping users buy Bitcoin. Fast-forward 8 years and users will be able to buy part of the company, with Coinbase’s IPO plans doing the rounds for a while now....

Hurun Global Rich List: Coinbase CEO Ranked First in Blockchain Industry

Hurun Research Institute pointed out that Satoshi Nakamoto may be the richest cryptocurrency entrepreneur....

Nearly 20% of Bitcoin Supply Hasn’t Budged In 7 Years

Bitcoin price is appreciating at full steam because the market consists of nothing but buyers at the moment. Those who already own the abundance of the currently circulating supply are holding strong and refusing to sell. However, data shows that nearly 20% of the entire circulating supply hasn’t moved in seven years....

Unchained Capital Closes $5.5 Million Round Led By NYDIG

Unchained Capital closed a $5.5 million equity seed round led by NYDIG, and the groups now seek to build out bitcoin-native infrastructure.The post Unchained Capital Closes $5.5 Million Round Led By NYDIG appeared first on Bitcoin Magazine....

Cryptos Rally off Equity Markets and Institutional Interest

The Crypto market rose on Monday as new macro factors and institutional interest weighed in. Cryptos Recover from Selloff Following last week’s sell-off, Bitcoin and the broader crypto market rallied alongside the US equity markets. Bitcoin (BTC) retraced back up to $49,000, with Ethereum (ETH) recovering to $1,500....

Why March 2021 may see Bitcoin register yet another pullback

In the current Bitcoin price rally, it is a widely known opinion that miner inflows to spot exchanges have led to a drop in the cryptocurrency’s price. However, on observing the drop from $58,000 to $43000 closely, it becomes increasingly clear why inflows from miners may not be entirely bearish....

Full Cardano decentralization expected this month

TD:LR Breakdown ·         The activation of the Mary Hardfork goes down later this month ·         A new way to achieve a smart contract free token ·         Even more can be achieved after taking the first step of activation A date has been set […]...

Gensler sticks up for Bitcoin before Congress, but doesn't say much new

The Senate held its first hearing on Gary Gensler's nomination to chair the SEC today....

SEC Chair Nominee Gary Gensler: Crypto a 'Catalyst for Change'

Biden’s pick for SEC Chair spoke positively about cryptocurrencies during his Senate confirmation hearing....

A Year in Review: Why AdEx Grew by 3,800%

AdEx Network, a decentralized advertising platform built to tackle some of the major inefficiencies in the advertising market — such as a lack of transparency and traffic fraud — has now been out of beta for an entire year....

eToro and DS TECHEETAH change face of sponsorship with unique profit only deal

Global investment platform eToro has launched a first of its kind sponsorship deal with reigning double Formula E Champions, DS TECHEETAH. eToro will stake £1million for DS TECHEETAH to invest on its platform and the team will keep any profits made....

Litecoin is trading at a 1,800% premium via Grayscale's LTC Trust — But why?

Investors looking to gain LTC exposure using traditional equities are willing to pay a premium of more than 1,800% to buy it via Grayscale's Litecoin Trust....

Billionaire Mark Cuban Explains to Peter Schiff Why Gold ‘Will Die’ As a Store of Value

On Tuesday (March 2), American billionaire Mark Cuban explained to Bitcoin hater Peter Schiff why gold did not have a bright future as a store of value asset....

Shark Tank’s Kevin O’Leary Invests 3% of Portfolio in Bitcoin

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NY’s Letitia James: You Must Be Very Careful Investing in Crypto

New York attorney general Letitia James has issued a statement to all residents of New York warning them that cryptocurrencies are risky, and that they should think twice before investing in them....

MoneyGram Slapped With Class-Action Lawsuit For Issuing Misleading Statements Concerning XRP

The fiasco surrounding the legal status of Ripple’s cryptocurrency XRP continues to unfold as a new lawsuit filed against MoneyGram puts pressure on the case....

Ripple Price Forecast: XRP draws closer to a 30% downswing amid deteriorating technicals

Ripple rejected at $0.45, abandoning a potential triangle breakout to $0.575. A breakdown to $0.3 is anticipated, especially if the triangle pattern’s lower trendline is shattered. Ripple’s uptrend was recently cut short under $0.45. Before the recovery, the cross-border cryptocurrency has established support at $0.4....

Chinese state-owned capital is now indirectly backing a major bitcoin mining business

Quick Take500.com’s recently acquired major bitcoin mining pool BTC.com.The firm’s pivot to mining appears to have started as early as March 2019, as it struggled to cope with China’s 2015 crackdown on online lotteries.The new mining business is also indirectly backed by a Chinese state-owned enterprise....

Broker TP ICAP mulls expanding its digital assets operation

TP ICAP, the London-based interdealer broker, is planning to expand its activities in crypto after a surge in interest among clients.The post Broker TP ICAP mulls expanding its digital assets operation appeared first on The Block....

Aavegotchis sell out in under one minute as NFT euphoria continues

The highly anticipated yield-bearing NFTs have hit the market....

PayPal to Buy Curv Crypto Custody Firm

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Sony Europe joins Theta Network as ‘Enterprise Validator’

A division of Sony Europe has joined Theta Labs’ Enterprise Validator and Governance Council Program, the firms said in a release shared with CryptoSlate....

Binance Coin, Aave, Zcash Price Analysis: 02 March

Binance Coin entered a consolidation phase after overturning its $238.4-resistance level. Aave moved within a descending triangle, but its technical indicators did not favor a breakout at the time of writing. Finally, Zcash attempted to flip the $125-resistance on the back of bullish momentum....

Sony Europe joins Theta blockchain validator program

Sony Europe follows in the steps of Global 500 firms like Google and Samsung in joining the Theta network's validator program....

Blockchain is Finally Becoming What Was Promised

Ten years ago, Bitcoin emerged as the first cryptocurrency. It brought with it the promise to resolve some of the major challenges that come with regular fiat currencies like the US dollar (USD) and Chinese yuan (CNY) — including rampant inflation, counterfeiting, and centralization....

Gensler tells Congress that cryptocurrencies ‘have been a catalyst for change’

Gary Gensler, the former CFTC chairman nominated to be President Joe Biden to lead the Securities and Exchange Commission (SEC), said Tuesday that cryptocurrencies “have been a catalyst for change.”The post Gensler tells Congress that cryptocurrencies ‘have been a catalyst for change’ appeared first on The Block....

PayPal stock pares drop after reports on Curv crypto storage deal

PayPal Holdings ([[PYPL]] -0.7%) briefly pulled into the green after reports that the fintech may be buying Curv, a tech firm that provides secure storage of crypto, for as much as $500M.Three sources familiar with the situation told CoinDesk that PayPal is in the process of buying Curv, but the source speaking about the $500M price is only describ...

Goldman Sachs Cashes in, Re-Opens Bitcoin Trading Desk

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Grayscale purchases 80 percent of Litecoin mined in February

TL;DR Breakdown Grayscale purchases 174,000 LTC Despite high LTC purchase, firm yet to meet crypto demand Crypto management firm, Grayscale Insurance according to data from Bybt, purchased 174,000 Litecoin, which accounts for 80 percent of Litcoin mined in February. The crypto management firm now holds 1.44 million LTC, which worth $248.3 million....

Evolves files for Ether ETF with Canadian regulators

Evolve Funds Group Inc has filed a preliminary prospectus for an Ether ETF in Canada....