Day: December 21, 2020

Sierra Club leads lawsuit against NY town to prevent expanding Bitcoin mining operations

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Several organizations have filed a lawsuit against the town of Torrey, New York for approving a plan to expand a Bitcoin mining facility near one of the Finger Lakes. In court documents filed on Thursday in the State of New York Supreme Court, the Sierra Club, Seneca Lake Guardian, the Committee to Preserve the Finger Lakes, and more than 20 local residents alleged that the local government violated state laws by approving Greenidge Generation’s site plan to expand the operations for its existing Bitcoin (BTC) mining facility. Allegations in the…

Ethereum Active Addresses Revisit ‘DeFi Summer’ Highs

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After Bitcoin, the top-ranked altcoin, Ethereum, and the rest of the altcoin category have yet to set a new all-time high beyond the peak set in late 2017 and early 2018. Early signs that Bitcoin’s bull market was brewing was tipped off by a slow and steady increase in BTC address activity, and now that trend is taking place across ETH wallets. Wallet activity has now reached a level not seen since this summer’s DeFi surge. But what exactly does this mean for the second-place cryptocurrency? Ethereum Address Activity Returns…

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Price analysis 12/21: BTC, ETH, XRP, LTC, BCH, LINK, ADA, DOT, BNB, XLM

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Even with today’s correction, Bitcoin is still in an uptrend, but most major altcoins have lost momentum and may remain range-bound for the next few days. MicroStrategy CEO Michael Saylor recently tweeted that he purchased another 29,646 Bitcoin (BTC) at an average price of $29,646. With this purchase, the company has deployed the $650 million raised through a recent convertible debt offering. The business intelligence firm now holds 70,470 Bitcoin and that makes it the fifth-largest individual holder of Bitcoin. The current Bitcoin bull run has largely been driven by…

DEXs launch ‘L2 Squared’ alliance to promote Ethereum scalability

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Layer two decentralized exchanges Loopring and DeversiFi are joining forces by forming a committee dedicated to promoting usage of layer two solutions, named “L2 Squared” or just L². Announced on Monday, the alliance wants to ease the transition for users into these higher performance on-chain exchanges. “As things stand, Loopring and DeversiFi are the first exchanges on Ethereum to harness Layer-2 solutions, using zkRollup and StarkEx’s Validium respectively,” explained Will Harborne, founder of DeversiFi. “However the much-needed migration to Layer-2 is not a simple one, and the network effects of…

Scaramucci’s SkyBridge files with SEC to launch Bitcoin fund

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Anthony Scaramucci’s multi-billion-dollar hedge fund, SkyBridge Capital, has submitted a formal application with the United States securities regulator to launch a new Bitcoin (BTC) fund.  The Form D for an exempt offering appeared on the Securities and Exchange Commission’s website on Monday. The proposal lists “SkyBridge Bitcoin Fund L.P.” as the issuer and “SkyBridge Bitcoin Fund GP LLC” as a related person. According to the document, the proposed fund is classified as a “hedge fund.” SkyBridge declined to disclose the size of targeted investment, but the minimum from any individual…

Animoca Brands signs up Manchester City for games and collectibles

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Animoca Brands has teamed up with Premier League football club Manchester City and Australian club Melbourne City FC to develop games and collectibles based on the two teams. A Dec. 21 post on the official Man City Twitter account announced the partnership, which will feature the club’s mens and womens teams, along with the Melbourne City club, which it also owns. Animoca Brands will develop mini-games for its hyper-casual gaming site, GAMEE. It will also create a set of collectable trading cards to be distributed on its NFT digital collectibles…

DeFi Yield Protocol Launches Staking and Governance Dapp, DYP Holders Earn Ethereum

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The traditional finance world is facing its stiffest challenge yet with cryptocurrencies. Bitcoin is beating gold and stocks as the best investment of 2020, and the emerging DeFi space has left big banks at the brink of extinction. Innovation is happening at such a rapid rate that even some of the top tokens over the summer are now being overtaken by the introduction of new DeFi protocols and services. The latest to debut, and what could be the next big thing in finance, is the launch of the DeFi Yield…

The launch of Apple Pay in Lumi Wallet simplifies crypto purchasing and increased newcomers hundreds of times

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One week after launching the new payment method Apple Pay, Lumi Wallet saw a 209% growth of in-wallet Bitcoin purchase. Lumi developers relate this to the simplification of the crypto purchase procedure and the shortening of the time of process around 7 times. According to Lumi’s data, the most purchase operations were made by users from U.S. (33%), UK (12,2%), Canada (10,1%), Australia (6,9%), Nigeria (3,8%), Germany (3,3%) and France (3,0%), other countries account 27,5% of purchase operations. The total amount of Bitcoin purchase operations increased by 209%. A large…

Ethereum Analysis

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