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Monday, May 17, 2021
After the dogecoin hype invoked a new ERC20 token project called Shiba Inu, the crypto asset has been making waves throughout the crypto industry. On Wednesday, the cofounder of Ethereum, Vitalik Buterin donated $1 billion worth of Shiba Inu to India’s Crypto Covid Relief Fund. Then a few days later... Read more
Published on: 2021-05-17
Those who mine cryptocurrencies with power intended for domestic use will pay hefty fines, the Iranian government warned. The country is experiencing shortages due to reduced hydropower generation as authorities register a surge in electricity consumption for cryptocurrency mining. Crypto Miners to Pay for Damages to the Power Grid Hydropower... Read more
Published on: 2021-05-17
A new report shows that the banking system consumes more than twice the amount of energy that bitcoin does. The authors analyzed bitcoin’s energy usage and compared it to the banking and gold industries. Banking System Consumes Much More Energy Than Bitcoin Galaxy Digital published a report last week entitled... Read more
Published on: 2021-05-16
Bitcoin and a slew of digital currency markets are seeing significant losses on Sunday as a majority of coins are down between 2-15% during the last 24 hours. The entire crypto-economy has dropped more than 6% and bitcoin dominance is down to 40% the lowest the metric has been in... Read more
Published on: 2021-05-16
Norwegian billionaire Kjell Inge Rokke says bitcoin becoming mainstream is inevitable. Unlike Tesla, which stopped accepting cryptocurrency, Rokke’s company is now considering accepting bitcoin as a means of payment, emphasizing that Elon Musk’s comments about the cryptocurrency’s environmental issues have not changed anything. Norwegian Oil Mogul Dives Deeper Into Bitcoin... Read more
Published on: 2021-05-16
On May 15, the Bitcoin Cash upgrade was applied successfully to the blockchain, bringing a slew of features directed toward improving the overall experience of users. This particular upgrade marks the start of a new upgrade schedule that will allow developers to invest more time in testing new features added... Read more
Published on: 2021-05-16
Cryptocurrencies have been a cause for concern in Teheran as the digital assets have attracted capital from other, traditional markets. The parliament’s leadership has now asked the tax agency to profile the owners of Iranian platforms facilitating cryptocurrency trading and report to the Majlis. Parliament Speaker Asks Tax Agency to... Read more
Published on: 2021-05-16
This week a great number of bitcoin supporters and skeptics have been arguing over whether or not bitcoin mining is harmful to the global environment. However, crypto supporters have been saying that concerns over the Bitcoin network’s energy supply are absurd, in contrast to the carbon used and the military... Read more
Published on: 2021-05-16
A group of Chinese investors has filed a lawsuit against an alleged crypto fraudster based in New York, United States, who ran a Wechat group where he handled the scheme. The scammer reportedly promoted the bogus investment opportunity by promising earnings of “$200,000 in one day.” Scam Allegedly Ran From... Read more
Published on: 2021-05-15
As Coti ramps up efforts to bring a decentralized fear index to crypto, it has enlisted the help of Professor Dan Galai, one of the pioneering brains behind the Cboe Market Volatility Index (VIX), to help the organization develop a crypto-oriented version. VIX Co-Creator to Join Coti-Backed Volatility Project Since... Read more
Published on: 2021-05-15
The most topical conversation in the world of cryptocurrencies right now is the effects of bitcoin mining on the global environment after Elon Musk heated up the conversation. Following the recent Tesla announcement, the cofounder of Siphox and Powx, Michael Dubrovsky, revealed the nonprofit Powx has recently submitted a Bitcoin... Read more
Published on: 2021-05-14
Following a tweet from Elon Musk highlighting Tesla’s suspension of bitcoin payment acceptance due to sky-high energy needs, the industry quickly responded by highlighting the capable solutions that already address this drawback. Musk’s Comments Conveniently Ignore Reality of Blockchain Innovation Ever the commentator on all things crypto, Elon Musk took... Read more
Published on: 2021-05-14
A highly scalable, decentralized blockchain platform gets a convenient browser wallet to facilitate dApps development. Crystal Wallet Metamask. Anyone who has worked with Ethereum for more than a week is familiar with this browser wallet. It lets countless decentralized applications (dApps) connect to Ethereum, send transactions, and interact with smart... Read more
Published on: 2021-05-14
Tether, the largest stablecoin by market cap, has reached a milestone by issuing 30 billion USDT on top of the Tron blockchain. While the stablecoin is now present on several chains, including BSC (Binance Smart Chain) most of it is now on Tron due to the blockchain’s low transaction fees,... Read more
Published on: 2021-05-13
Nasdaq-listed Microstrategy has bought the dip and purchased $15 million more bitcoins, taking advantage of the falling price for the cryptocurrency after Tesla CEO Elon Musk revealed that his company has suspended accepting bitcoin for payment. Microstrategy now holds about 91,850 bitcoins. Microstrategy announced Thursday that it has purchased $15... Read more
Published on: 2021-05-13
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