How a pool managed to produce Cardano’s first Quantum block

Cardano inventor and IOG CEO Charles Hoskinson has celebrated the production of the platform’s first “quantum block”. Created by Cardano’s stake pool called Onyx, the operator claimed to have successfully used an algorithm on the IonQ quantum computer. The stake pool operator has set out to use this technology to give Cardano’s blockchain a source of “true entropy.” On April 4, the operator posted the following message via its Twitter account: Success! I have sampled 32k random bits from an eight-qubit circuit with Hadamard gates on the Rigetti quantum computer!…

Why The Return Of The Kimchi Premium Doesn’t Bode Well For Bitcoin

Bitcoin price is currently trading at a substantial premium on South Korean crypto exchanges – more than $6,000 per coin in USD equivalent. However, in the past this so-called “Kimchi Premium” has signaled the end of the bull trend. Is this a sign that things  across the crypto market could soon turn bearish? Or is there something else afoot going on with the US dollar and the South Korean won that is causing the discrepancy? Bitcoin FOMO Comes To A Boiling Point In South Korea, According To Price Premium Bitcoin…

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Bitcoin whales on defense, how BTC could reach a new ATH

After spending weeks moving sideways, BTC price seemed to be close to a new high. However, the cryptocurrency seems to be stuck just below the resistance level at $60,000. Analyst Ben Lilly has published a report in which he determines what has caused the stalemate and how BTC has a “bullish combination” for the following weeks. The analyst has registered large sell walls near current levels. This, he claims, is part of a whale of a strategy to “attract” liquidity. They do this by stalling prices near a breakout. Then…

Grayscale to Convert Its GBTC Shares when Bitcoin ETFs are Permissible in the U.S.

Grayscale Investments will convert its GBTC shares into an Exchange-Traded Fund (ETF) once U.S. regulators approve of such a derivative product, an explainer on Apr 5 reveals. GBTC versus Bitcoin ETF GBTC is a share of the Grayscale Bitcoin Trust–an SEC-Reporting firm. It distinguishes itself from others by being compliant with regulators’ laws, allowing deep-pocketed institutional investors to have Bitcoin exposure legally. On the other hand, a Bitcoin ETF is a derivative that has received approval from other countries, including Canada and Brazil, attracting billions in trading volume, remains unapproved…

Bitcoin Gambling and Online Casinos Growing alongside Cryptocurrency

From the obvious advantages Bitcoin betting sites and online casinos present, the majority provide similar games that traditional and online casinos offer. The evolution of Bitcoin (BTC), the world’s first digital currency, has witnessed the integration of cryptocurrency into some of the traditional industries or enterprises around today. The idea is simple, businesses want to align with new technology, in order not to watch their products, services or offering get outdated, and one of the ecosystems integrating the unique capabilities of Bitcoin is the gambling industry. Bitcoin gambling has been…

Roger Ver calls out GoDaddy for wrongly listing Bitcoin.com as ‘for sale’

Bitcoin.com, a cryptocurrency news, mining, and wallet resource, is not for sale according to entrepreneur and site owner Roger Ver.  On Monday, Bitcoin.com appeared as a “premium domain” available for purchase on GoDaddy.com, the world’s largest domain registrar, for a minimum price of $100 million. The original sales listing of bitcoin.com before it was removed by GoDaddy. Ver contacted GoDaddy on Twitter and demanded that the listing be removed immediately,  saying: “Please remove this fake news that is damaging my real brand.” A screenshot of Ver’s Twitter messages to GoDaddy.com.…

Crypto Economy Nears $2 Trillion, XRP Gains 37%, BTC Dominance Drops to 56% – Markets and Prices Bitcoin News

Digital currency markets have seen some significant gains on Monday as the entire market capitalization of all 8,500+ cryptocurrencies in existence has jumped a few percentages. Bitcoin’s price has spiked a touch over 1.5%, but a number of other coins have seen much larger gains during Monday’s trading sessions. Market aggregators show the crypto economy’s overall valuation is steadily approaching the $2 trillion handle. Crypto-Economy Jumps 3% and Nears $2 Trillion in Valuation Crypto assets have seen their values jump northbound on Monday as the entire crypto-economy has spiked 3%…

How and Why DeFi Is Hottest Plug in Blockchain Industry

The DeFi movement promises to provide a lot of benefits, including the elimination of regulators and intermediaries and making financial markets more accessible to retail investors. 2020 was indeed an exceptional year for cryptocurrencies as so many of them outperformed most traditional assets, but 2021 seems more promising. From all indications, decentralized finance (DeFi) has proven to be one of the major drivers of cryptocurrency’s comeback for over two years now. In fact, its rate of adoption is mind-blowing. Between Dec. 10, 2020, and the time of writing, the total…