Author: CMN

Coinbase president Emilie Choi expects USDC’s up-to-date reserves policy to be in full effect by September. Coinbase president and COO, Emilie Choi, has announced that the reserves backing the stablecoin USD Coin (USDC) will be consolidated into cash and U.S. government treasuries. An Aug. 22 blog post from CENTRE Consortium, the entity that was collaboratively established by top U.S. crypto exchange Coinbase and blockchain financial providers firm Circle that issues USDC, stated that USD Coin’s reserves will quickly be solely held in “cash and short duration U.S. Treasuries.” On Twitter, Choi attributed the change in policy to the backlash towards USDC’s reserves expanding…

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Riot Blockchain netted $19.3 million in income for Q2 following its acquisition of Texas mining facility, Whinstone. Major publicly-listed Bitcoin mining firm, Riot Blockchain, has reported record revenues for Q2 2021. In its Aug. 23 quarterly financial report, the U.S.-based agency reported $31.5 million in mining-related revenues for the three-month period — up roughly 1,540% from its Q2 2020 revenue of $1.9 million. The surging mining revenues drove a record quarterly net income of $19.3 million. Against this, the company suffered a $10.6 million net loss for the second quarter of 2020. Riot held $195.4 million prices of cash and Bitcoin…

Art Blocks, a collection of artwork generated on Ethereum, sets a new top sale mark amidst a monster $294M month of the trading quantity. The latest resurgence in NFT market exercise has seen projects like CryptoPunks, Bored Ape Yacht Club, and crypto recreation Axie Infinity dominate a lot of the dialog. But amid all that hype, the Ethereum-based generative art collection Art Blocks has quietly stacked up hundreds of millions of dollars of buying and selling quantity and simply marked its largest single NFT sale to date. In the present day, Fidenza #313 by artist Tyler Hobbs offered for 1,000 ETH, or simply over $3.3 million on the…

In response to the latest analysis, US cryptocurrency traders have allotted on common $1,707 in such belongings. 37% of them admitted they would not touch these funds even if they need to cowl a necessary bill or a necessary payment. Considerably expectedly, the celebrity who influences most of the respondents’ crypto-related decisions is Elon Musk. Many Americans Have ‘Diamond Hands’ The betting platform – GamblersPick – surveyed 1,000 US digital asset traders to conclude that a huge chunk of them (37%) would maintain their crypto possessions at all prices. 51% went additional, stating that they don’t discover even luxurious purchases as a tempting…

Substack, a subscription-based online media platform that boasts over half a million users, has started accepting Bitcoin Lightning payments in partnership with payment processor OpenNode, according to an Aug. 23 press release. In a press release, Substack’s product designer Nick Inzucchi says that the addition of the flagship cryptocurrency will provide writers with more “flexibility and freedom” We’re excited to be working with OpenNode to enable independent publishers on Substack to accept crypto payments. With the backing of big-name enterprise capital agency Andreessen Horowitz, Substack has was a significant force within the media industry since its inconspicuous launch in 2017. The corporate has primarily thrived…

Bitcoin’s price is currently $49,919.25 and its dominance is currently 44.09 %, an increase of 0.07 % over the day. Cryptocurrency prices continue to be in the red on August 23. The global cryptocurrency market cap is $2.13 trillion, a 1.37 % enhance over the past day, whereas the whole crypto market quantity during the last 24 hours is $93.71 billion, which makes a 13.09 % lower. The amount of all stable coins is now $72.90 billion – 77.79 % of the whole crypto market 24-hour quantity. Bitcoin’s value is presently $49,919.25 and its dominance is presently 44.09 %, a…

Taiwan’s blockchain startup company XREX, which focuses on fiat cryptocurrencies, introduced the completion of a Pre-A round of financing led by CDIB Capital Group with $17 million in total. The digital financial technology company stated that the financing can be used to develop the corporate’s authorized currency portfolio and develop partnerships with more companies that provide digital wallets and put them together for compliance accordingly. In keeping with XREX’s official report, the oversubscription financing exceeded expectations by 200%. Different buyers include SBI Investment, Global Founders Capital, ThreeD Capital, E.Sun Venture Capital, Systex Corporation, Metaplanet Holdings, AppWorks, Black Marble, New Economy Ventures, and…

Iran prepares to remove restrictions imposed on cryptocurrency mining in response to electricity shortages this summer. In response to Iranian media, the country’s power utility company has said that the ban affecting licensed miners will be lifted as early as next month. Licensed Miners in Iran to Resume Bitcoin Minting The short-term ban on crypto mining, introduced earlier this year by the Iranian Ministry of Industries, Mining and Trade, will be lifted on Sept. 22, the English-language business daily Financial Tribune reported. The essential announcement was made by the Iran Power Generation, Distribution and Transmission Company, Tavanir. The hope is that…

A Trend Micro report claims that over 120 fake crypto-focused apps are still operational on the Play Store, some exceeding over 100,000 downloads. Google has delisted eight allegedly fraudulent mobile apps from its Play Store that were duping crypto enthusiasts by charging fees for an illegitimate cloud mining service. Fraudulent mobile applications have now become a popular method to mislead unwary customers with high success charges. Trend Micro’s latest research discovered eight Android applications that were exploiting crypto enthusiasts by charging a monthly fee under the false pretext of operating a professional cloud mining service. Additional evaluation into the matter uncovered that…

Regardless of the financial service industry is bullish on blockchain and crypto, respondents nonetheless outlined cybersecurity as the best hurdle to mainstream adoption. Blockchain, the underlying technology of cryptocurrencies like Bitcoin (BTC), has already gained mainstream recognition, based on international finance executives polled by Huge 4 auditing firm Deloitte. In response to Deloitte’s 2021 Global Blockchain Survey, 81% of the financial services industry (FSI) executives believe that blockchain technology is “broadly scalable” and has achieved mainstream adoption. Released last Friday, the report queried 1,280 FSI professionals based in Brazil, China, Germany, Hong Kong, Japan, Singapore, South Africa, the United Arab Emirates,…

Since plunging to the $29,000 range in late June, Bitcoin’s price has recovered more than 72%. The Bitcoin (BTC) price was back on the offensive late Sunday, touching $50,000 for the first time since May and signaling that the bull market was fast approaching its second leg. The BTC price peaked at $50,270.00 on Bitstamp, having gained 3% on the day, according to Markets Professional. The biggest cryptocurrency has a complete market capitalization of $943 billion. The Bitcoin price briefly wicks above $50,000 on Bitstamp: Markets Professional On-chain metrics recently suggested that a supply squeeze may be imminent, with long-term holders…

PayPal’s UK customers will have the ability to purchase, sell, and hold four cryptocurrencies: Bitcoin, Ethereum, Bitcoin Cash and Litecoin. Starting Monday, PayPal’s U.K. prospects should purchase, promote, and maintain Bitcoin, Ethereum, Bitcoin Money and Litecoin. Customers can buy as little as £1 ($1.3) value of the cryptocurrencies using their bank account, PayPal balance, or debit card via a crypto tab on PayPal’s website and mobile app. The U.K. is the second nation to enter these services after the digital payments behemoth rolled out its crypto suite in the U.S. in October 2020. It presents the identical four coins to U.S. customers. https://youtu.be/MDSRm5NpPAk PayPal…

Neuberger Berman filed an amended complement with the SEC to allow the fund to take a position as much as 5% in BTC futures and Canada-based ETFs. The amended complement replaces the submitting made on August 11 to add BTC and ETH derivatives to the fund’s potential funding choices. Complement signifies that Neuberger Berman is now not contemplating ETH investments. Multibillion-dollar asset management agency Neuberger Berman can now make investments a small proportion of its belongings in cryptocurrency. By means of bitcoin (BTC) futures, and BTC alternate traded funds (ETFs) based mostly in Canada. In an amended regulatory filing with the U.S. Securities…

Three Arrows Capital co-founder and CEO Su Zhu have taken to Twitter to reveal his awfully exact Bitcoin price target of $88,888. The Credit-Suisse-trader-turned-crypto-billionaire claims that the flagship cryptocurrency will be able to hit the aforementioned goal in lower than two months from now. https://twitter.com/zhusu/status/1429318598271508488?s=20 This comes after fellow co-founder Kyle Davies tweeted that Bitcoin looked like it wanted to “supercycle” right through all-time highs. https://twitter.com/kyled116/status/1428512098213007376?s=20 Extreme greed On Aug. 21, Bitcoin hit a three-month high of $49,830 on the Bitstamp exchange, with bulls now again within the driver’s seat.Alternative.me’s “Crypto Concern & Greed Index” is now at 78 after entering the “extreme greed” territory.Still,…

The Australian entrepreneur Fred Schebesta stated he would give away $5 worth of bitcoin to locals who’ve had a COVID-19 vaccine and people who will get it sooner or later. Considering Australia’s inhabitants, he must distribute $104 million (around 75 million USD) if everyone takes benefit of the offer. ‘Get Vaccinate, And Get Your Bitcoin’ Fred Schebesta – the co-founder of the financial comparison website Finder – revealed his plans at hand over the $5 price of bitcoin to Australians who’ve taken a coronavirus jab since February. The entrepreneur added that those who are about to get a vaccine would also benefit…

Bitcoin’s price is at present $48,971.18 and its dominance is at present 43.96 %, an lower of 0.03 % over the day. Cryptocurrency prices continue to be in a mix of red and green on August 22. The worldwide cryptocurrency market cap is $2.10 trillion, a 0.21 % enhance over the past day, whereas the whole crypto market quantity over the past 24 hours is $107.43 billion, which makes a 1.24 % decrease. The quantity of all stablecoins is now $84.86 billion – 78.99 % of the total crypto market’s 24-hour volume. Bitcoin’s price is at present $48,971.18 and its…

Marvel Comics and VeVe continue to celebrate “Marvel Month” with the corporate’s first NFT comic books. Marvel Month is in full swing and the legendary comic book firm is giving us another deal on the VeVe platform. This weekend, Marvel is selling the primary ever digital comic book collection within the type of non-fungible tokens (NFTs). Up until now, two Marvel gross sales have gone down on VeVe, the Spider-Man digital statue collection debuted the series on VeVe whereas Captain America’s collection was released last week. The Spidey assortment offered out in lower than 24-hours whereas the follow-up Captain America set offered out in less than 24 minutes.…

The Ethereum network has eliminated $221 million from circulation since an update that changed the way miners are rewarded got here into power. The Ethereum community has been on fire because the transaction fee-burning update, EIP-1559, came into impact on August 5. The overall quantity of cash burned—removed from the network’s circulation—has now topped 71,000 ETH, or $221.5 million. EIP-1559 burns ETH that had been used to pay for transactions on the Ethereum network, such as swapping a coin on a decentralized change or transferring an NFT. EIP-1559 was one of five upgrades launched as a part of Ethereum’s London hard…

The Japan-based chat app operator Line will offer customers handouts of its cryptoasset as a bonus when they make fiat payments using its e-pay platform. The new promotional drive comes six months after a Line and Yahoo Japan merger under the Z Holdings umbrella. The Z Holdings merger, first mooted in late 2019, saw the Line founder Naver, a South Korean internet giant, and SoftBank, the Yahoo Japan majority owner, join forces to create a new East Asian internet, fintech and crypto powerhouse. The new agency has already announced plans to merge the existing Line Pay platform with the Yahoo Japan-run PayPay, an e-pay platform with some 80m users. The Line payment platform currently…