Day: March 19, 2021

Blockchain.com founder on cryptocurrency hack

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▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Peter Smith, founder and CEO of Blockchain.com, joins “Squawk Alley” to discuss the DOJ’s announcement that cryptocurrency exchanges had been targeted in an illicit hack. Subscribe to CNBC PRO for access to investor and analyst insights on bitcoin and more: » Subscribe to CNBC TV: » Subscribe to CNBC: » Subscribe to CNBC Classic: Turn to CNBC TV for the latest stock market news and analysis. From market futures to live price updates CNBC is the leader in business news worldwide. The…

UK Watchdog Bans Bitcoin Advert for ‘Irresponsibly’ Promoting Investments in the Crypto Asset – Regulation Bitcoin News

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The United Kingdom’s Advertising Standards Authority (ASA) has banned Coinfloor’s bitcoin advert for “irresponsibly” promoting investments in the crypto asset. The watchdog claimed the crypto exchange’s marketing campaign had targeted pensioners who were “unlikely to know” much about the topic. ASA’s ruling comes after the regulator received two complaints concerning the advert. According to a report, the ASA said it is particularly concerned with the advert’s use of the phrase “there is no point in keeping your money in the bank”. While acknowledging Coinfloor’s effort to inform investors of the…

Unmarshal raises $2.6M to build user-friendly blockchain data indexing protocol

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Unmarshal, a new project building a blockchain data indexing solution, has announced on Friday a $2.6 million seed funding round from a number of crypto industry investors. Venture funds that participated in Unmarshal’s round include Woodstock, Black Edge Capital, Genesis Block Ventures or GBV, NGC Ventures, AU21, Spark Ventures, BitMax, and some others. The round was also joined by individual investors like Ravindra Kumar and Philip Arthur Moore from Frontier, Sandeep Nailwal, co-founder of Polygon, Aniketh Jindal, Danish Chaudhari and others. Unmarshal is building a multi-chain data indexing network that…

My Bitcoin Mining & why I am NOT a Bitcoin Millionaire – 1047

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▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io I hurt my back doing gardening work,, so today you get a sit down video 🙂 Of how I should have been a Bitcoin Millionaire. And this is where you can put back the 11,2 BTC: 1KdQ6zRnSUr1sf7Ysp1pGrQusn2ghtFnLM No questions asked, and I might even put in a good word with Saint Peter.. Check out my little shop : ” Be aware that the shipping prices is worst case, until it know where to ship to!! ” [Affiliate Links] Bargain Hardware : Using…

Key Bitcoin price metric shows pro traders increased their BTC longs

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Bitcoin (BTC) might have been ranging from $57,000 to $59,500 over the last couple of days, but the top traders at major exchanges have increased their long positions. A similar move also happened in the monthly futures contracts, as the basis rate has increased. Bitcoin price at Coinbase, USD. Source: TradingView After marking a $61,750 all-time high on March 13, Bitcoin has been trying to find new support levels. Although BTC initially held ground at $54,000, there currently seems to be decent buying activity around $57,000. While professional traders’ optimism…

Key Bitcoin price metric shows pro traders increased their BTC longs

boss

Bitcoin (BTC) might have been ranging from $57,000 to $59,500 over the last couple of days, but the top traders at major exchanges have increased their long positions. A similar move also happened in the monthly futures contracts, as the basis rate has increased. Bitcoin price at Coinbase, USD. Source: TradingView After marking a $61,750 all-time high on March 13, Bitcoin has been trying to find new support levels. Although BTC initially held ground at $54,000, there currently seems to be decent buying activity around $57,000. While professional traders’ optimism…

Taking the Blockchain Promise A Step Further – the DeFi Movement

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With over $13 billion locked across them, Decentralized Finance or DeFi protocols are eyeing astronomical growth in the years to come. In offering a global, open substitute for every financial service the world uses – savings, loans, trading, insurance, and more – DeFi is poised to take blockchain’s promise of universal accessibility a step further. What makes DeFi an immense success story is the disruption it offers to the present centralized financial domains worldwide, which lay all regulatory powers of demand, supplies, and currencies along with the possibility of bad…

Morgan Stanley Is Reportedly Interested in Buying Stake in Bithumb

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The growing demand for digital currency products from institutional investors is rising, and major US banks including Morgan Stanley hope to catch the train on time. New York-based multinational investment bank and financial services company Morgan Stanley (NYSE: MS) is reportedly interested in acquiring shares in the South Korean cryptocurrency exchange Bithumb. As reported by local media channel Aju news, the financial services behemoth is in talks with Bident, a major shareholder of Bithumb who has about a 10% ownership stake. The decision to give up ownership stakes in Bithumb…

Bank of America: DeFi is Traditional Finance’s Nemesis Not Bitcoin

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The Bank of America (BofA) has argued in a fresh report entitled “Bitcoin’s Dirty Little Secrets,” that decentralized finance (DeFi) is the real disruptor of traditional finance, not bitcoin (BTC), as the latter has too many flaws.  BofA Wary of DeFi Not Bitcoin   While Satoshi Nakamoto’s  bitcoin (BTC) and other cryptocurrencies have been in the news for the right reasons lately, Bank of America (BofA), the country’s second-largest lender with $2.16 trillion in assets, has released a scathing report entitled “Bitcoin’s Dirty Little Secrets.”  In the report, the bank argues…

Bank of America Reports It Takes $93M Inflow into Bitcoin Market to Move It by 1%

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According to the report by the Bank of America, Bitcoin is expensive to mine, it offers a low throughput in comparison to Visa, and is very volatile to be used as a store of value.  New research by strategist at the Bank of America, Francisco Blanch, featuring contributions from Philip Middleton and Savita Subramanian, suggests that it takes $93 million inflows to move Bitcoin price by 1% at current levels of $59. “We estimate a net inflow into Bitcoin of just $93 million would result in the price appreciation of 1%,”…