Day: February 10, 2021

RIOT Stock Up 22% Yesterday, Riot Blockchain Appoints Jason Les as New CEO

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The newly-appointed CEO said Riot is โ€œextremely well-positionedโ€ to make efficient use of the opportunities ahead of the company. Bitcoin mining company Riot Blockchain Inc (NASDAQ: RIOT) has named Jason Les as its new CEO. Before his new appointment, Les served as an independent director on the companyโ€™s board for about four years. Meanwhile, yesterday RIOT stock jumped 21.56% and reached the price level of $39.86. Today in the pre-market, teh stock is down 4.89%. Data provided by MarketWatch revealed that Riot stock has grown by 2,272.62% over the past…

Monero community wants Elon Musk to add XMR as Tesla payment option

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The Monero community has posted a proposal to add XMR as a payment option on the Tesla website. Shortly after Elon Muskโ€™s Tesla Motors hinted that they may start accepting Bitcoin (BTC) payments its electric cars, the Monero community suggested that XMR could also be a good payment option. After posting a CCS proposal on Feb. 9, the Monero community has raised 890 XMR ($155,000) in a move to add Monero as a payment option for a new Tesla alongside Bitcoin.ย  As part of the proposal, the community will strive…

Tesla Day 1 Bitcoin (BTC) Earnings at $500M, Close to Its 2020 Earnings of $720M

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Teslaโ€™s BTC purchase pushed Bitcoin 20% up in a single day thereby giving nearly $500 million returns in a very short time. Teslaโ€™s entry has sparked speculations of big corporations joining the BTC bandwagon in the near future. A day after Tesla Inc (NASDAQ: TSLA) announced its $1.5 billion investment in Bitcoin, BTC price shot up to $48,000 levels on Tuesday, February 9. No doubt, Tesla is the only major reason that the Bitcoin price has surged all the way to new highs this week. As BTC gained over 20%…

Crypto Trading Network Apifiny Plans to Go Public

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Apifiny did not disclose the financial details of the process of going public. Digital asset trading network Apifiny is planning to go public by the end of 2021. Apifinyโ€™s decision comes just after Coinbase Global Incย noted its plans to go public in aย blog postย published on the 28th of January. On the 9th of February, Apifiny revealed its intentions to go public for the advancement of the trading network. A representative of the companyย spokeย to Finance Magnates regarding the matter, saying: โ€œWe are considering going public to help accelerate our growth even…

IBM, Top Australian Banks Execute Country’s First Blockchain Bank Guarantee

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A digital bank guarantee has just been executed over a blockchain system in Australia, in whatโ€™s being called a first for a commercial bank product in the nation. Lygon, a blockchain-based platform and joint venture between the ANZ, Westpac and Commonwealth banks, shopping center operator Scentre Group and IBM, announced the โ€œmilestoneโ€ news Wednesday, saying it began trialing its technology mid-way through 2019. The ventureโ€™s objective was to bring the 200-year-old paper-based bank guarantee process โ€œinto the digital era.โ€ Normally in a paper-based system, validations on bank guarantees can take…

Central Bank of Nigeria Denies It Has Placed New Restrictions on Cryptocurrencies โ€” Uses Debunked Claims to Justify New Directive โ€“ Emerging Markets Bitcoin News

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Following the outcry over the Central Bank of Nigeriaโ€™s latest directive that targets cryptocurrencies, the institution has reaffirmed its stance with another statement. In the latest five-page document, the CBN insists that this directive is intended to protect the countryโ€™s financial system from the โ€œrisksโ€ that are associated with cryptocurrencies. Debunked Claims Still, the central bank claims the directive has โ€œnot placed any new restrictions on cryptocurrenciesโ€ but is only regurgitating what was said four years ago. In January 2017, the CBN published a circular which claimed then that the…

DAOventures Automated DeFi Money Manager Brings DeFi to Masses

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The DAOventures project is supported by its own governance token, the DVG, a token which allows users to shape the future direction of the protocol. DeFi may be the new kid on the blockchain, but such is the speed of the nascent sectorโ€™s development, even seasoned crypto heads are struggling to keep track. Decentralized finance is currently experiencing a Cambrian explosion in its evolution, but with such rapid development comes concomitant challenges. While getting to grips with DeFi is probably the toughest task in blockchain right now, there are a…

Bitcoin Price Predictions 2021 | Live Technical Analysis

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Chainlink hits new highs, but is LINK about to pull another 150% parabolic move?

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You could literally hear the Bitcoin (BTC) hodlers cheering from the rooftops as the world’s largest whale publically entered the market this week. But as Bitcoin screamed toward $50,000, altcoin hodlers looked on in horror as their portfolios began shrinking in terms of BTC. However, the Elon pump has possibly created a massive buying opportunity for many altcoins on the BTC paired charts. One coin, in particular, has been letting the side down, namely LINK. It seems like only yesterday that Zeus capital got rekt shorting LINK as it pumped…

Russia has imported its largest Bitcoin miner batch

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Russia has reportedly imported thousands of cryptocurrency mining devices amid a massive surge in the crypto market. A senior executive at BitRiver, the largest crypto mining colocation services provider in Russia, claimed that a local client received over 20,000 crypto mining devices, Russian news agency Kommersant reports Feb. 10. BitRiver founder and CEO Igor Runets said that the total mining power of the imported hardware amounts to 70 MWh, which is reportedly estimated to make up the largest single batch of crypto mining hardware in Russia. Runets said that the…