Day: February 8, 2021

Digital Currency Group's crypto mining arm enters top 10 global mining

boss

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Foundry, a wholly-owned cryptocurrency mining subsidiary of Digital Currency Group, or DCG, has entered the top-10 largest Bitcoin ( BTC ) mining pools in the world. The firm’s CEO Barry Silbert  announced the news on Jan. 26, predicting that Foundry will soon break into the top-five mining pools list. At publishing time, Foundry has a total hash rate of 2.74 exahashes per second (EH/s), according to data from block explorer Btc.com . The mining pool is responsible for 1.85% of the total…

DeFi snowball will turn into a Web 3.0 avalanche

boss

Decentralized finance has exploded over the past 12 months. The swapping, staking and yield farming successes have been well touted. The DeFi market cap has reached $45 billion, and there’s over $28 billion total value locked in DeFi today. That’s up from $600 million in January 2020 — a 4,300% increase. As with all nascent technology, new money flowing into a sector attracts talent, innovation and the best entrepreneurs. Whether we like it or not, the record-high token prices will also attract the attention of mainstream media and Wall Street.…

Bitcoin goes into ludicrous mode as it briefly flippens Tesla

boss

Earlier this morning, Tesla Motors announced that it had allocated part of its balance sheet to Bitcoin. Not even two hours have passed, and the crypto asset’s market cap briefly exceeded that of the car manufacturer itself. For a short time today, Bitcoin (BTC) held a market cap of $807,869,728,188 according to data from AssetDash, surpassing Tesla’s at $807,829,441,685. Bitcoin held the 7th spot on the list following the announcement, with both Tesla and BTC sitting comfortably above Facebook’s market cap, $765 billion at the time. The major flippening occurred…

Bitcoin Explodes Above $44K After Tesla Buys BTC: What’s Next?

boss

Bitcoin exploded to a new record high on Monday after Tesla revealed that it had purchased around $1.5 billion worth of the cryptocurrency in January. The flagship cryptocurrency reached $44,900 ahead of the New York opening bell, pointing to extended gains as traders rejoiced the entry of the Wall Street’s fifth-largest firm into the cryptocurrency sector. Bitcoin bulls expect the price to hit $100,000 on mainstream demand especially against the cryptocurrency’s limited supply cap of 21 million units. Bitcoin hits ATH following Tesla’s BTC adoption. Source: BTCUSD on TradingView.com Bitcoin…

Which Crypto Projects Are Based on Ethereum?

According to the crypto app tracker, State of the Dapps, there are over 3,000 decentralized apps (also known as “dapps”) currently running on the Ethereum blockchain. These apps differ from regular mobile and web-based apps because they aim to hand users more control over the data the apps manage. Traditional apps, such as Robinhood or Twitter, are managed by a central authority, which ultimately has the last word on how their customers’ data is secured and used – for better or worse. Dapps take a decentralized approach to data management,…

Tesla Sends Bitcoin Mooning Past $44K as Snoop Wins #dogebowl

boss

CoinDesk TV is here! Regular programming starts Monday as we roll out three daily and three weekly shows, including “First Mover,” hosted by Christine Lee, Lawrence Lewitinn and Emily Parker, airing every weekday at 9 a.m. U.S. Eastern time. Today’s debut episode features guests: Brian Brooks, former U.S. comptroller of the currency; Tim McCourt, global head of equity products at CME; and Yassine Elmandjra, an analyst for Cathie Wood’s ARK Investment Management.    Bitcoin shoots to new all-time high price above $44K: Tesla’s disclosure early Monday that it bought $1.5…

70% OF THE CHINESE MARKET and Ripple XRP Price FUTURE-PROOFING AND INTEROPERABILITY IS KEY

boss

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io _________________________________________________ My Go-To Platform & THE BEST OPTION for Crypto Taxes for 2020 & 2021 (TAX SEASON IS COMING!) Start Your Free Trial To Crunch Numbers Now Save 10% Using the Link Below or with Promo Code: kevincage _________________________________________________ Imagine being able to withdrawal $10,000,000 TAX-FREE I Now Can With My Retirement Account Here Open a Roth IRA to Grow Your Crypto TAX-FREE Link: Promo code: KEVINCAGE Get 1-month FREE _________________________________________________ Do NOT Keep Your Crypto On Exchanges Store your Digital Assets…

Deutsche Telekom Partners with Nokia for Optical Network Transformation

boss

Thanks to this partnership, users across Germany would have access to a consistent customer experience and an optimized performance. Nokia Oyj (NYSE: NOK) has announced that the Deutsche Telekom company has chosen it as its new partner to help the firm transform its operator’s optical network into a service-based platform that would easily meet the demands of Industry 4.0.  According to available details, the new partners are geared towards enabling Deutsche Telekom to deliver a more nuanced and improved service to their customers. In the long run, the quality experience…

Tesla Has $1.5 Billion Worth of Bitcoin on Its Balance Sheet, Plans to Accept BTC for Products – Bitcoin News

boss

The publicly listed firm Tesla has announced in a Securities and Exchange Commission (SEC) Form 10-k filing that the company has purchased $1.5 billion worth of bitcoin. When the news broke, the price of the leading crypto asset jumped well over 15%, touching a new all-time price high at $44,899 per coin. Tesla, the American electric vehicle and clean energy company based in Palo Alto, California has revealed the company has invested in bitcoin (BTC). This is following the great number of dogecoin (DOGE) tweets stemming from the Tesla founder…

Reddit Spends Entire Marketing Budget on 5-Sec Super Bowl Live Ad

boss

Reddit’s huge bet might have been viewed as too risky but the company’s popular logo that was visible at the bottom of the ad made all the difference. Social media giant Reddit Inc blew up its entire marketing budget on a five-second WallStreetBets-inspired super bowl live ad on Sunday. Reportedly, Reddit spent close to $1 million on the ad that was challenging for anyone to read it all during the game. However, the company noted it was worth it by all means as the message reached the intended audience at…