Day: February 25, 2021

Cryptocurrency Adoption Passes Another Milestone Surpassing 100 Million Users – Emerging Markets Bitcoin News

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According to a new study conducted by Crypto.com, the total number of global cryptocurrency users has surpassed 100 million for the first time ever. The study, which measured the cryptocurrency marketplace’s size using onchain metrics, survey analysis, and internal data, recorded 106 million cryptocurrency users in January 2021. January’s Bitcoin Rally Accumulated a 15.7% Jump in Global Users Compared to December 2020, the 106 million users represent a 15.7% increase in just one month. What’s fueling the growth of the crypto market? According to Crypto.com’s research, it comes down to…

Crypto Not Banned In India | Crypto News Today | Best cryptocurrency to invest 2021 | Cryptocurrency

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Coinbase sent SEC filing to Satoshi in a symbolic gesture

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United States-based cryptocurrency exchange Coinbase named Bitcoin creator Satoshi Nakamoto in its recent filing with the Securities and Exchange Commission for a direct listing on the stock market. According to the SEC filing, Coinbase sent copies of its S-1 registration statement — which, if approved, would bring the company closer to having its shares traded on U.S. stock exchanges — to legal team members at Coinbase Global and California law firm Fenwick & West. In addition, the exchange listed Satoshi Nakamoto and the Bitcoin (BTC) genesis block address as recipients…

British art icon Damien Hirst to accept BTC, ETH payments for print run

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Yet another fine art institution is jumping on the crypto bandwagon.  British artist Damien Hirst and printmaker HENI Leviathan announced today the release of a print run of 8 Hirst paintings, which will be available for purchase with the cryptocurrencies Bitcoin and Ether. According to the announcement, “for the first time, both HENI Leviathan and the artist Damien Hirst will be accepting Cryptocurrency for payment of editions, payments can be made by either Bitcoin or ether, as well as by credit or debit card.” The prints are available starting today,…

Ebang planning to expand business to mine LTC and DOGE

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According to an announcement from Chinese mining equipment supplier Ebang, the mining firm’s board passed a resolution on Thursday to establish a Litecoin (LTC) and Dogecoin (DOGE) mining business. Ebang said it will use some of its own rigs in addition to purchasing some from other crypto mining manufacturers. By “leasing computing powers from other mining farms,” Ebang claimed it will be able to mine the two tokens simultaneously. CEO Dong Hu said the move was part of the company’s transition from a manufacturer of mining equipment to a “diversified…

Altcoins bounce to new highs as Bitcoin price trades sideways under $50K

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The cryptocurrency market recovered some of the losses from the past couple of days on Feb. 25 as Bitcoin (BTC) briefly pushed back above the $50,000 level and multiple altcoins have seen double-digit price gains.  Data from Cointelegraph Markets and TradingView shows that Bitcoin bounced off a low of $45,200 late on Feb. 24 before rallying 15% to the $52,000 in the morning trading session. BTC/USDT 4-hour chart. Source: TradingView While the rebound in the cryptocurrency market is a welcome sight for bullish investors, Bitcoin price is still finding resistance…

Anchorage set for growth following $80M fundraise

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Last month, digital asset entity Anchorage received a bank charter from the United States Office of the Comptroller of the Currency, or OCC. This month, the outfit has added $80 million in funds.  “Today, we are pleased to announce that Anchorage has raised an $80 million Series C, led by GIC, Singapore’s sovereign wealth fund, with participation from a16z, Blockchain Capital, Lux, and Indico,” a Thursday blog post announcement from Anchorage says, adding:   “This new capital will allow us to rapidly scale to meet the rising demand for participation in…

Black Americans are changing the face of crypto and blockchain through education

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Despite there still being work to be done to further diversify the crypto space, many believe the blockchain sector is generally more diverse than other tech industries. This could be because cryptocurrency boasts financial inclusion and the democratization of global economics, attracting a wide variety of people from various nationalities, ethnicities, genders, etc., from around the world. Among this diverse group of participants, Black American founders and thought leaders, in particular, have helped advance the blockchain and crypto sector. While a number of these individuals have founded blockchain companies or…

Craig Wright Plans to Take Legal Action Against BTC Developers, Hopes to Recover Over $3B in ‘Stolen Bitcoin’ – Bitcoin News

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Craig Wright, the individual that claims to be Satoshi Nakamoto, seems to be planning to initiate legal action against a number of open-source blockchain developers. Wright’s legal team, Ontier LLP, has allegedly sent letters to programmers who work on blockchains like Bitcoin, Bitcoin Cash, and Bitcoinsv as well. The self-styled Bitcoin inventor’s legal action letters claim 111,000 bitcoin was stolen from his “computer network” back in February 2020. The So-Called Fiduciary Duty: Regaining Access to the Alleged Stolen Keys The Australian businessman who has claimed to be Satoshi Nakamoto for…