Day: January 14, 2021

The Ethereum network is being turbocharged by layer-two solutions

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The number of decentralized exchanges running layer-two solutions is growing as the Ethereum network struggles to keep up with its own popularity. As excessive Ethereum gas prices continue to hamper smaller transactions and operations on the network, the number of faster and cheaper options continues to expand as layer-two adoption increases. Layer-two solutions have the potential to process thousands of transactions per second, rather than the handful processed on layer-one. The LeverJ decentralized exchange has seen a surge in trading volumes since it launched perpetual contracts four weeks ago. Around…

11 Coal Miners From Pak's Minority Shia Hazara Community Shot Dead In Balochistan

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▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io | Excelsior News | At least 11 coal miners from Pakistan’s Shia Hazara community were killed and four others injured on Sunday by unidentified gunmen who initially kidnapped them in the restive southwestern province of Balochistan, in the latest targeted attack on the minority communities in the country. | Stay Updated With Latest News & Updates | Official YouTube account of DAILY EXCELSIOR , The largest circulated daily of Jammu and Kashmir Subscribe to Excelsior News | Click Here ► To Stay…

Arxnovum Files Bitcoin ETF in Canada With Gemini as Sub-Custodian

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Cryptocurrency exchange and custodian Gemini has plans to sub-custody a Bitcoin ETF in Canada, which was filed on Jan 11. The filing was done by Arxnovum, a Canadian investment firm, and if approved, will be listed on the Toronto Stock Exchange under the ticker “BIT.U.” Bitcoin ETF Still Needs to Submit Requirements and Gain Approval Owned by the Winklevoss twins, Gemini is well-known in the crypto space for offering one of the largest selections of digital assets in its exchange. Moreover, it also offers custody services, under Gemini Custody, since…

Bitcoin Smashes Key Resistance, Why Dips In BTC Are Now Attractive

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Bitcoin price broke the main $36,000 and $36,500 resistance levels against the US Dollar. BTC is back in a positive zone and it is likely to continue higher towards $38,800 and $39,200. Bitcoin climbed higher nicely and it was able to clear the 36,000 and $36,500 resistance levels. The price is now trading nicely above the $37,000 level and the 100 hourly simple moving average. There was a break above a key bearish trend line with resistance near $34,300 on the hourly chart of the BTC/USD pair (data feed from…

Proof-of-Work and Yield Farming: Binance and Poolin Launch Tokens Backed by Bitcoin Hashrate

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There’s a new type of token gaining popularity in the crypto space with the launch of coins that are backed by a specific amount of proof-of-work (PoW) hashrate. On January 6, 2021, Binance launched a new project called the bitcoin standard hashrate token (BTCST), a coin that represents 0.1 terahash (TH/s). Furthermore, the mining operation Poolin has also revealed a hashrate token called pBTC35A and each token represents 1 TH/s hashrate with pre-determined SHA256 processing power. Tokens Backed by Proof-of-Work The Bitcoin (BTC) network has seen the protocol’s hashrate increase…

Jack Dorsey cites Bitcoin as a better model for the internet in Trump ban explanation

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Twitter CEO Jack Dorsey cited his passion for Bitcoin and decentralization in a 13-Tweet thread today explaining why the company banned U.S. President Donald Trump from the platform last week. Although claiming this was the “right decision for Twitter,” Dorsey admits it sets a dangerous precedent. Having to take these actions fragment the public conversation. They divide us. They limit the potential for clarification, redemption, and learning. And sets a precedent I feel is dangerous: the power an individual or corporation has over a part of the global public conversation.…

BULLISH!!!!!!! THIS IS MY MOST IMPORTANT BITCOIN VIDEO EVER!!!!!!!!!!!!!!

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▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io HUGELY BULLISH VIDEO FOR BITCOIN!!!!!!!!! THIS IS THE MOST IMPORTANT BITCOIN VIDEO I HAVE EVER MADE!!!!!!! **I will NOT contact you about marketing, that is a SCAMMER!**  Beware of scammers on LinkedIn, Telegram and Twitter – the email below is the only account that I use! EMAIL on YouTube About Page To appease money-hungry lawyers and irresponsible people, it should be known that I AM NOT A FINANCIAL ADVISOR and THIS IS NOT INVESTMENT ADVICE. I am merely educating and entertaining. What you do with…

Will he be as good for crypto?

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The head of the U.S. Office of the Comptroller of the Currency (OCC) Brian P. Brooks has officially announced that he is stepping down on January 14, 2021. In a statement dated January 13, the organization said that Chief Operating Officer Blake Paulson will become Acting Comptroller of the Currency, replacing Brooks who has served for eight months. Brian P. Brooks to Step Down, Blake Paulson to Become Acting Comptroller of the Currency on January 14, 2021 https://t.co/bGpnNapT1F — OCC (@USOCC) January 13, 2021 The outgoing chief Brooks, formerly head…

EToro warns users it’s running out of crypto to trade due to ‘unprecedented demand’

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Israel-based exchange platform eToro is struggling to keep up with the demand from crypto traders according to an email sent to users earlier today. “The unprecedented demand for crypto, coupled with limited liquidity, presents challenges to our ability to support BUY orders over the weekend.” As a result, the platform is warning of “possible limitations to crypto BUY orders” and that “spreads on crypto assets may also be much wider than usual.” @MatiGreenspan I know you have a mega position on $BTC on eToro, A sat for your thoughts. pic.twitter.com/Xt12bAJGxJ…

Rick and Morty creator auctioning NFT artwork collection

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The Winklevoss-owned Nifty Gateway has announced the auction of a crypto art collection from the voice actor and co-creator behind Adult Swim’s cult animation series Rick and Morty. According to a tweet from Nifty Gateway today, the non-fungible token, or NFT, marketplace will be auctioning artwork from Rick and Morty co-creator Justin Roiland on Jan. 19. The platform stated “several original artworks” from Roiland would be offered as part of the collection. We are thrilled to welcome @JustinRoiland to Nifty Gateway for his first ever crypto art release! The full…