Day: April 1, 2022

Bitcoin mining company PrimeBlock to go public via $1.25B SPAC merger

On Friday, Bitcoin (BTC) mining company PrimeBlock announced that it is merging with special purpose acquisition vehicle (SPAC) company 10X Capital Venture Acquisition Corp II. The deal places PrimeBlock at an enterprise value of $1.323 billion and is expected to close in the second half of the year. The company has installed 1.8 exahash per second of BTC self-mining equipment, accounting for approximately 0.89% of the Bitcoin network’s overall hash rate. According to PrimeBlock, its break-even price for mining is $9,000 per coin. Back in 2020, up to 59% of…

1.2 Million ETH Exited Exchanges Recently

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Ethereum on-chain data shows more than 1.2 million ETH has exited exchanges over the past two weeks, a sign that could be bullish for the price of the crypto. Ethereum Exchange Reserve Has Observed Significant Decline In The Last Couple Of Weeks As pointed out by an analyst in a CryptoQuant post, the ETH exchange reserve has lost over 5% in value in just the last fourteen days. The “all exchanges reserve” is an indicator that measures the total amount of Ethereum present in wallets of all centralized exchanges. When…

Territorio Blockchain y BWT en el AIBC Dubai Summit 2022

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Video introductorio de todo el contenido que tenemos preparados para próximos videos. Fuimos nominados como mejor podcast del año y recibimos la invitación de ir a Dubai, hacer entrevistas y conocer a la industria blockchain. Mas de 50 entrevistas, reuniones, charlas, y muchas horas de grabación de contenido para las próximas semanas. #Dubai #blockchain #bitcoin #crypto #NFT #metaverse ▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Youtube version

BTC, ETH, BNB, SOL, XRP, ADA, LUNA, AVAX, DOT, DOGE

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Bitcoin (BTC) has clawed back much of the losses that took place in January and now the focus of traders shifts to April, which has historically been a strong month for. According to Coinglass data, Bitcoin has closed April in the red only on three occasions and the worst monthly loss was a 3.46% drop in 2015.  Although history favors the bulls, the Whale Shadows indicator has noticed that more than 11,000 Bitcoin has left a wallet where it had been lying dormant for seven to ten years. The movement…

Polygon Announces Zero-Knowledge Identity Platform for Web3 – Bitcoin News

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On March 29, Polygon, the layer two (L2) scaling solution that runs parallel with the Ethereum blockchain, has announced a new identity platform called Polygon ID. While the protocol is is still under development, Polygon ID is powered by zero-knowledge (ZK) cryptography and Polygon expects a public version of the ID wallet app and software development kit (SDK) to release by Q2 2022. Polygon Reveals ID Protocol Powered by ZK Technology Polygon has introduced a new identity platform called Polygon ID that aims to bolster zero-knowledge identity for Web3 applications.…

Indonesia to impose 0.1% crypto tax starting in May: Report

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The Indonesian government is reportedly planning to charge a 0.1% capital gains tax on crypto investments as well as a value-added tax, or VAT, on digital asset transactions starting from May 1. According to a Friday Reuters report, Hestu Yoga Saksama, a spokesperson for Indonesia’s tax office, said the country will be imposing “income tax and VAT” on crypto assets “because they are a commodity as defined by the Trade Ministry” and “not a currency.” The government is still reportedly considering how to implement such taxes, but legislation passed in…

Bitcoin Holds Support Above $44K; Resistance at $48K-$51K

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For now, BTC is testing support around its previous breakout point at $45,000. Upside exhaustion signals, per the DeMARK indicators provided a timely countertrend reversal set-up earlier this week, although a continuation of that sell signal has not been confirmed. That means price action is currently neutral, pending a decisive break above or below the five-day price range. Original

Little-Known Altcoin Explodes 207% After Surprise Listing From Crypto Exchange Giant

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Crypto exchange giant Crypto.com is expanding its digital asset roster and triggering some major rallies in the process. The exchange just announced its latest listing of three up-and-coming altcoins. First on the list is Alethea Artificial Liquid Intelligence Token (ALI), which skyrocketed 207% on the heels of the announcement. ALI is designed to bring science fiction visuals and concepts to the metaverse through its unique proposition of an intelligent non-fungible token (NFT), referred to as iNFT, which can be trained to upgrade its intelligence level. Last June, the first-ever iNFT…

Fantom Announces 335M Incentive In FTM, Price Reacts To The Upside

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The Fantom Foundation announced an extension of its Incentive Program. The initiative was successful, it received 100 applications to support the ecosystem and disbursed 35 million FTM. Thus, the organization is ready to increase it by ten-fold. Related Reading | Why Fantom Fell 22% Following Key Personnel Exit This extension will disburse 335 million in FTM to continue to provide financial aid to developers building “unstoppable applications on the most accessible and user-friendly blockchain”. The organization has partnered with Gitcoin Grants. Projects will be able to submit their applications and…

Bitcoin miner Riot Blockchain files prospectus for $500M stock sale

In a document filed with the United States Securities and Exchange Commission (SEC) on Thursday, Bitcoin (BTC) mining company Riot Blockchain announced that it would be selling up to $500 million worth of common stock to finance general corporate expenses, such as working capital, repayment of corporate obligations, capital expenditures and acquisitions, and investing in existing and future projects.  After the offering, the company would have more than 139 million units of common stock outstanding, giving it a market cap of close to $3 billion at Friday’s prices. The company…