Month: June 2022

Musk and Saylor down a combined $1.5B on Bitcoin buys

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As the bear market bites, holding crypto investments can be a tough pill to swallow. Consider two of the largest bag holders of publicly traded companies. They are down by almost $2 billion dollars on their Bitcoin buys.  According to Bitcointreasuries.net, the 130,000 and 43,00 Bitcoin (BTC) held by Microstrategy and Tesla respectively are worth considerable sums less. The top “Hodlers” of Bitcoin according to Bitcointreasuries.net For Microstrategy, Michael Saylor splashed out almost $4 billion ($3,965,863,658) on 129,218 BTC, approximately 0.615% of the 21 million total supply. The Bitcoin price…

Introducing CUBE 2.0 and its Ecosystem Partners

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If there is one thing that current blockchains lack, it is entertainment ecosystems. The entertainment industry, valued at $2.2 trillion, has the largest combined audience of any sector. And bringing that on the blockchain can open up tremendous opportunities and benefits for the masses. CUBE is one such project bringing entertainment to the blockchain through its P2E metaverse setting. It is a game Launcher for P2E games developed by Netmarble F&C, Inc. Netmarble is the company behind popular titles including “The Seven Deadly Sins: Grand Cross” and “Blade & Soul:…

10 Top Blockchain Project Ideas for Beginners and Students | Blockchain Projects 2021

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Get Certified in Blockchain Technology. Both tech and Non-Tech can apply! 10% off on Blockchain Certifications. Use Coupon Code – blockchain10 Blockchain is conceptually completely new and the best way to learn it is by doing hands-on blockchain projects than just going through documents and watching videos. In this video, we will discuss some of the most interesting project ideas that you can implement in Blockchain. The blockchain project ideas suites a beginner, a student (final year), or anyone who’s looking to…

More Than 253,000 Traders Liquidated As Crypto Bloodbath Continues

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The crypto bloodbath has left thousands of traders in a bad way. A rapid decrease in price has seen more than 240,000 traders rekt in the span of 24 hours. As the downtrend continues, more investors are added to the long line of losers, most of which have been long traders. As it stands, there are now almost a billion dollars that have been liquidated in the market so far and this number continues to climb with bitcoin declining below $24,000. Over $940 Million In Crypto Liquidated Over the last…

Celsius crisis has no impact on USDT reserves

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The ongoing crisis of Celsius’s native token has nothing to do with the stablecoin provider Tether and will not impact its USDT reserves, according to the company. Tether issued a statement on Monday regarding the major cryptocurrency lending platform Celsius halting withdrawals due to its rumored liquidity crisis. According to the statement, Tether’s lending activity with Celsius has “always been overcollateralized” as with any other borrower and “has no impact” on the company’s reserves. The announcement also described the ongoing issues with Celsius as an “unfortunate result of market volatility and extreme market…

Chinese chip designer reportedly filed for $50M Nasdaq IPO

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Chinese mining chip designer Nano Labs has applied for an initial public offering (IPO) in the United States to raise $50 million on Nasdaq amid sluggish market conditions. According to information obtained by the Renaissance Capital IPO monitoring tool, the Huangzhou-based crypto mining chip maker has filed with the regulator, the U.S. Securities and Exchange Commission (SEC), for its upcoming public offering on Nasdaq, the world’s second-larges stock exchange. The application for American depository shares is occurring amid a slew of regulatory difficulties in China and the United States, causing…

Russian Parliament to Review Bill Prohibiting Crypto Payments – Regulation Bitcoin News

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Legislation making it illegal to pay with cryptocurrencies has been filed with the State Duma, the lower house of Russia’s parliament. The sponsors of the bill want to task crypto platforms to prevent transactions that could facilitate payments with digital assets. Draft Law Banning Use of Cryptocurrency for Payments Submitted to Russian Parliament Russian lawmakers will review a new bill imposing a ban on the use of digital financial assets, a legal term currently encompassing cryptocurrencies, and utilitarian digital rights, or tokens, as a means of payment in Russia. The…

Old Bitcoin mining rigs risk ‘shutdown’ after BTC price slips under $24K

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Older Bitcoin (BTC) mining rigs are finding it difficult to generate positive revenues during the ongoing crypto market decline. 75% drop in Bitcoin mining profitability The profitability of many Application Specific Integrated Circuit (ASIC) machines has dropped into the negative zone after Bitcoin’s fall below $24,000 this June 13, data fetched by F2Pool shows. Those machines include Antminer S11 and AvalonMiner 921, which are now close to their “shutdown price.” For your information, we publish the latest list of the Shutdown Price below which crypto mining machines in this chart…

the World’s Only DeFi Platform That Always Rewards, No Matter the Market – Sponsored Bitcoin News

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sponsored The cryptocurrency Winter is (NOT) here to stay. If the media was any indicator of the current state of the cryptocurrency industry, one would think it was time to “pack up” and find a new technology to invest both time and money into. It is true that the cryptocurrency industry is currently experiencing another so called “cryptocurrency winter” and while numerous references may be cited to support that, it is also true that this is not the first nor the worst one. In fact, well supported and funded projects…