Over $400 million in liquidations took place on Wednesday, the third-highest figure since January’s $987 million. Source
Dogecoin, Solana Traders Nurse Big Losses as Cryptos See $400M in Liquidations
Month: April 2022
Coinbase Starts Crypto Trading Services in India
Armstrong acknowledged the regulatory challenge in promoting the technology to mass acceptance at a time when enthusiasm has dipped due to the new tax law. “We know it’s not going to be a straight shot to bring this technology. We don’t know exactly how it’s going to evolve. But we’re committed to working with bank partners, regulators, most importantly, the Indian people because they’ve shown a real spark of interest in cryptocurrency, and there’s a real desire to get access to some of these services and products,” he said. Source
One-fifth of global Bitcoin hash rate is now controlled by listed companies
A recent report has shown that nearly one-fifth of the total share of Bitcoin’s hash rate now belongs to publicly-listed mining companies. The report, published by Arcane Research, details that publicly-listed Bitcoin (BTC) mining companies now account for 19% of Bitcoin’s total hash rate, growing considerably from a mere 3% in Jan. last year. Public miner’s share of BTC hash rate The term hash rate refers to the total computing power used by a miner’s computing equipment to confirm a transaction. A higher hash rate ensures increased protection against double-spending…
Ukrainian Charity Organization Launches NFT Sale – Featured Bitcoin News
A newly established Ukrainian charity organization, Pray4Ukraine, has brought together hundreds of digital artists that are using art to raise funds for the Ukrainian army and civilians devastated by the war. The organization is also attempting to use the power of art to help end the war in Ukraine. 10,000 NFTs Created A newly launched Ukrainian charity project, Pray4Ukraine, has brought together hundreds of the country’s digital artists who have created 10,000 NFT art pieces. Working in concert with Pray4Ukraine, the artists hope to raise funds that will be used…
The Philippines’ top payment provider adds crypto to its mobile app
Philippines-based major fintech company PayMaya has reportedly launched a new cryptocurrency feature on its app, following in the footsteps of PayPal, Venmo and others. According to TechInAsia, PayMaya users will be able to trade, purchase, and spend digital assets using their accounts. This is also part of PayMaya’s aim to offer a comprehensive crypto package for anybody interested in entering the market. With the new feature, PayMaya intends to make it simpler for Filipinos to learn about and use cryptocurrencies, as per the report. Furthermore, it will eliminate the necessity…
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‘Docklands DAO’ plan to help Melbourne precincts recover from the pandemic
RMIT Blockchain Innovation Hub has proposed a pilot program for “Docklands DAO” that will help Melbourne precincts recover from the pandemic. The Royal Melbourne Institute of Technology’s (RMIT) Blockchain Innovation Hub has released a report proposing the implementation of pilot Decentralized Autonomous Organization (DAO), to assist specific precincts in Melbourne’s CBD in recovering from the impacts of the pandemic. The report, which is part of a five-piece series of reports funded by the Victorian Government in Australia, details how blockchain technology — specifically DAOs — can be used to help…
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Mayor unveils ‘Miami Bull’ statue with laser eyes to kick off Bitcoin 2022
To mark the opening of the Bitcoin 2022 conference, Miami mayor Francis Suarez unveiled a laser-eyed bull statue meant to symbolize Miami becoming the self-proclaimed “world’s capital of crypto.” The statue is a 3,000-pound robotic-looking bull fashioned in the same vein as the Charging Bull of Wall Street according to the official website. The statue was commissioned by Florida-based finance firm Tradestation. “New York is the former financial center… I give you the Miami bull!” – Mayor Suarez #Bitcoin #Bitcoin2022 pic.twitter.com/i70kr2XFSg — Bruce Fenton (@brucefenton) April 6, 2022 It was…
Bitpay Adds Lightning Network, Youth Fashion Brand Pacsun to Accept Payments via Lightning – Bitcoin News
On April 6, one of the largest cryptocurrency payment platforms in the world, Bitpay, announced the Atlanta-based company has integrated bitcoin payments via the Lightning Network. According to the announcement on Wednesday, the youth-focused American retail clothing brand Pacific Sunwear (Pacsun) will be the first merchant to leverage Bitpay to accept Lightning Network payments. Payment Platform Bitpay Adds Lightning Network Support, Pacsun Accepts Lightning Payments Bitpay is now allowing bitcoin payments via the Lightning Network (LN) in order to allow bitcoin users to pay using the crypto asset’s second layer…