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Day: February 11, 2021
Bitcoin whale clusters pinpoint $44,214 as the key near-term price level
Bitcoin (BTC) whale cluster data shows that $44,214 is the key near term level that the dominant cryptocurrency needs to defend. As Cointelegraph reported, in the last 24 hours, Bitcoin saw a sell-off after reaching a new all-time high at around $48,000, with the price shedding almost 8% and dropping to as low as $43,750 on Binance. Why is this level important for more BTC upside? Whale clusters form when whales or high-net-worth investors purchase Bitcoin at a certain price level and do not move them. These levels often act…
Twitter Considers Adding Bitcoin (BTC) to Its Balance Sheet
The Twitter CFO said that the company is working out options if they can pay salaries to their employees in Bitcoin along with allocating part of their treasury to BTC. Corporates are coming to Bitcoin (BTC) and things could escalate further after Tesla‘s recent entry. On Wednesday, February 10, Twitter CFO said that the company is considering adding BTC to its balance sheet. During an interview with CNBC’s Squawk Box, Twitter Inc (NYSE: TWTR) CFO Ned Segal talked about the company’s BTC plans. He stated that if Twitter employees and…
Bitcoin Declines Nearly 8% Despite Encouraging Comment by Actress Lindsay Lohan
Yesterday Bitcoin lost its weekly gains. However, some experts are very optimistic about its future growth. The price of Bitcoin plunged nearly 8%, ignoring an encouraging comment from American actress Lindsay Lohan. Bitcoin recorded its major correction after reaching new highs earlier this week. The leading crypto asset reached an all-time high days ago, approaching $50,000. Earlier this week, Bitcoin spiked 13% to around $44,000 shortly after electric vehicle company Tesla Inc (NASDAQ: TSLA) revealed that it had invested in the king coin. According to a filing with the US Securities and…
Microsoft and Enjin Bring Cross-Platform Custom NFTs to Minecraft
Microsoft has launched a browser game that rewards players with non-fungible tokens (NFTs) for use inside Minecraft, one of the world’s most popular games. According to a press release shared to CryptoX on Thursday, Azure Space Mystery is a text-based interactive and educational puzzle game set aboard the International Space Station. There, players encounter prominent female scientists, including German astronomer Caroline Herschel and Scottish scientist Mary Somerville, the first two women to join the Royal Astronomical Society; Alexandrian philosopher, astronomer, and mathematician Hypatia; and French pilot Raymonde de Laroche, world’s…
US Treasury Secretary Yellen says crypto misuse is a growing problem
United States Treasury Secretary Janet Yellen is concerned about crypto’s supposed criminal element. In Feb. 10 remarks to a financial sector innovation roundtable, United States Treasury Secretary Janet Yellen stated that the misuse of cryptocurrencies and virtual assets has been a growing problem alongside cyber attacks triggered by the global pandemic. Secretary Yellen said that despite the potential of new technologies like crypto, such assets are still associated with major risks. “I see the promise of these new technologies, but I also see the reality: cryptocurrencies have been used to…
Mastercard to Add Support for Crypto Payments This Year
It is not yet clear which currencies the payments giant will add to its network. By now, Mastercard bets on stablecoins. Global payments leader Mastercard International Incorporated (NYSE: MA) is planning to allow merchants to receive crypto payments this year. As the company has explained, it is up to everyone which opinion to support, but “the fact remains that these digital assets are becoming a more important part of the payments world”. In a blog post, Mastercard said: “We are preparing right now for the future of crypto and payments,…
Crypto Market Crashes – How To Survive & THRIVE In Bitcoin Corrections
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Europol Arrests 10 Members of a Sim Swapping Criminal Gang That Stole Cryptocurrencies Worth $100 Million – Regulation Bitcoin News
The European law enforcement agency, Europol, has arrested 10 people believed to be members of the criminal gang that stole cryptocurrencies with an estimated value of $100 million. The arrests follow an international investigation into a series of sim swapping attacks that occurred in 2020. According to Europol, this criminal gang had also targeted high-profile victims that are based in the U.S. The Hijacking of Mobile Devices In a statement following the arrests, the law enforcement agency explains that eight members of the gang were nabbed on Feb. 9. The…
What Happens When Blockchain-Meets-Crypto-Meets-Gaming?
On the surface, ‘Crypto’ and ‘Gaming’ seem like an intuitive couple, yet the current landscape of these largely complementary industries reveals that the fusion of the two is still very much under construction. The challenges posed by accessibility, reach, design, function and a plethora of others immediately springing to mind are bravely being tackled by many crypto and tech wizards, yet only a handful are pioneering this evolution. In this article, we’ll review the industry’s lay of the land and evaluate its most recent developments. A unique opportunity Since crypto…