Tag: News

Nobel Laureate Paul Krugman Compares Crypto to Housing Bubble and Subprime Crisis – Economics Bitcoin News

boss

Nobel Prize-winning economist Paul Krugman has compared the current state of cryptocurrency to the housing bubble and the subprime mortgage crisis. Noting that crypto lacks any real value, he said: “it is a house built not on sand, but on nothing at all.” Paul Krugman on Crypto, Housing Bubble, and Subprime Mortgage Crash Nobel laureate Paul Krugman discussed the current state of cryptocurrency in an opinion piece published in the New York Times Monday. Krugman won the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel in 2008…

SpartaCats Troll DOGE With Billboard Near SpaceX Office – Press release Bitcoin News

boss

press release PRESS RELEASE. SpartaCats, a novel meme-coin project based on BNB and the Everscale blockchain network, put up a digital billboard advertisement in Hawthorne, California, near the headquarters of Tesla and SpaceX. In the ad, you can see an image of cats taking off in a rocket, leaving behind a smoking dog. Next comes an image where cats drive dogs off the Moon in the style of the 300 Spartans. In the third image, the cats install their flag on the Moon, and finally, cats surround a dog, referencing…

Why are Bitcoin Miners Capitulating? – Blockchain News, Opinion, TV and Jobs

By Marcus Sotiriou, Analyst at the UK based digital asset broker GlobalBlock Bitcoin yet again failed to sustain its rally over $30,000 yesterday, as it was harshly rejected by the key $31,500 level. This level is critical to overcome for Bitcoin to rally towards $35,000. Some on-chain metrics suggest that the bottom may not be in sight yet and there could be more selling pressure. This is shown by data from Glassnode, specifically the net unrealised profit/loss (NUPL), which is a measure of the overall unrealized profit and loss of the network as…

Digital Real Will Be Used by Banks in Brazil as Collateral to Issue Their Own Stablecoins – Bitcoin News

boss

The Brazilian central bank digital currency (CBDC), the digital real, will be more of a wholesale asset instead of a public retail-focused token, according to statements from the president of the Central Bank of Brazil, Roberto Campos Neto. Campos Neto indicated that private banks in the country will be able to issue their own stablecoins that will be collateralized with digital real deposits. Digital Real Will Not Be Retail Oriented Brazil is planning to issue a CBDC that has a very different design when compared to other CBDCs…

Why are you invested in crypto? | Edward DeLeon

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Edward DeLeon is an outspoken crypto economist, early Bitcoin investor, and the CEO & Founder of Anatha.io, a mission-driven blockchain technology company. Edward envisions a world of self-sovereignty, an end to structural violence, and a global economy that self-actualizes 100% of everyone, everywhere. Visit to discover more. Check out the latest crypto merch at the Cointelegraph Store: Want to join the Cointelegraph team? Check out #Cointelegraph #Bitcoin #CryptoMarkets Subscribe to Cointelegraph: Follow COINTELEGRAPH: Website: Telegram: Facebook: Twitter: Cointelegraph covers everything Bitcoin, bringing…

Philippines Crypto Wallet Service Provider Coins.ph Partners With the PBA – Bitcoin News

boss

Another digital currency firm is making moves into the sports world as the Philippines crypto wallet service provider Coins.ph announced the company has partnered with the Philippine Basketball Association (PBA). The deal is the PBA’s first crypto partnership during its 47th season and the Coins.ph brand will be showcased at the premier tournament during the Philippine Cup. Philippine Basketball Association Partners With Crypto Firm Coins.ph Over the last year, well known digital currency companies like FTX, Crypto.com, Grayscale Investments, and Blockchain.com have integrated the firms into the sports world through…

Ledgible Closes $20M Series A Round With Key Institutional and Strategic Investors – Press release Bitcoin News

boss

press release PRESS RELEASE. ATLANTA, June 7, 2022 – Ledgible, the leading professional-first crypto tax and accounting platform, today announced $20 million in funding for its Series A Round led by EJF Capital LLC (“EJF”) through its affiliate, the EJF Silvergate Ventures Fund. Joining the round are JAM FINTOP, Thomson Reuters Ventures, TTV Capital, Fenbushi US, Commerce VC, Nathan McCauley, and Perkins Coie. Ledgible now stands at the forefront of the professional-focused crypto tax & accounting industry. This investment will be used to expand Ledgible’s product offerings as well as…

Bored Ape Yacht Club Discord Attacker May Have Been Involved in Previous NFT Phishing Scams – Bitcoin News

boss

On June 4, 2022, the Bored Ape Yacht Club (BAYC) Discord server was compromised and a phishing scam targeted non-fungible token (NFT) collectors holding BAYC, Mutant Ape Yacht Club (MAYC), and Otherside NFTs. According to an analysis by the Web3 and blockchain auditing and security firm Certik, the BAYC Discord server attacker may have been involved in previous phishing attacks. Blockchain Security Firm Certik Analyzes the BAYC Discord Phishing Attack While many NFTs are very expensive, it makes them all the more worthwhile for malicious attackers to steal them. This…

SOL Slips 10% as Crypto Bears Return to Action  – Market Updates Bitcoin News

boss

SOL neared a ten-month low on Tuesday, as bears returned to crypto markets during the session. Following a strong start to the week, markets turned red, with AVAX being another token to fall victim to the latest red wave. Solana (SOL) SOL was back in the red on Tuesday, as today’s sell-off pushed prices closer to their lowest point since August last year. Following a peak of $42.99 to start the week, SOL/USD slipped to an intraday low of $37.78 earlier today, which is roughly 11.50% lower than yesterday’s high.…

Bitcoin Miners May Get Another Break This Week as Network’s Mining Difficulty Is Expected to Drop – Mining Bitcoin News

boss

Bitcoin miners may catch another break this week as the network’s mining difficulty is estimated to see a reduction tomorrow. Every two weeks Bitcoin’s difficulty adjustment algorithm (DAA) changes, and during the last DAA change, the difficulty dipped by 4.33%. Currently, at 235 exahash per second (EH/s), the network is expected to see a DAA reduction of 0.51% from today’s metric. This Week’s Bitcoin Mining Difficulty Change Is Expected to Drop Lower On June 7, 2022, there’s one more day until the next DAA change and it’s expected to drop…