On May 13, the San Francisco-based cryptocurrency exchange, Coinbase published a report that shows digital currency investors are investing in alternative cryptocurrencies despite bitcoin’s 67% market dominance. Data from Coinbase shows that customers with at least five crypto purchases, roughly 60% of them buy bitcoin first but only 24% remain exclusively loyal to the digital […]
Everybody’s sick of commissions. Lumi Wallet is renouncing them, introducing 0% Fees on all in-wallet operations. All you need to get rid of hidden fees is the Lumi Wallet app and the promocode – BTCNEWS. Why is Lumi doing this? Decentralized finance has undeniable advantages over fiat currencies: convertibility, diversification, speed, and security of transfer. […]
According to recent data, crypto participants known as ‘bitcoin whales’ have been steadily accumulating bitcoins, and not selling since the ‘Black Thursday’ market carnage on March 12, 2020. Onchain data and blockchain analysis firms indicate that the number of bitcoin whales with 1,000 to 10,000 BTC or more on a single address has increased significantly. […]
The post 12 Months of Onchain Data Shows Bitcoin Whales Obtained Hundreds of BTC from Small Fish appeared first on Bitcoin News.
The largest oil field in the People’s Republic of China has been a target for individuals and organizations attempting to mine bitcoins with free electricity. After a bunch of mining farm operators allegedly got caught last summer, a dog kennel owner was recently busted for running cable lines in order to siphon free electricity from […]
The post Chinese Kennel Owner Caught Stealing Electricity to Power Underground Bitcoin Mining Farm appeared first on Bitcoin News.
A district court in China has reportedly ruled that Ethereum’s cryptocurrency is legal property with economic value. This ruling follows a couple of other verdicts on the legality of cryptocurrency, including bitcoin, by various Chinese courts. While cryptocurrency is not legal tender in China, people can hold and transfer them like property. Court Ruling: ETH […]
The post Chinese Court Declares Ethereum Legal Property With Economic Value appeared first on Bitcoin News.
There’s a new plugin available that gives people the ability to launch a cryptocurrency exchange on any WordPress-based website. The project called Wpcryptoexchange is a product created by the Tim Draper-backed startup Draper Goren Holm. With the plugin, anyone can launch a digital currency trading platform that allows people to swap various cryptos and also […]
The post Anyone Can Host a Crypto Exchange – Tim Draper Backed Startup Launches New WordPress Plugin appeared first on Bitcoin News.
Global markets had a historical day on Monday, as the price of oil dropped below zero and closed the day at -$36 per barrel of crude. The oil crash below zero has never happened in anyone’s lifetime and economists worldwide are uncertain about the future of the world’s financial system going forward. The meltdown also […]
The post After Pundits Predicted Bitcoin’s Death for 11 Years, Barrels of Crude Oil Trade Below Zero appeared first on Bitcoin News.
Mainstream media has been awfully quiet about all the fraud and manipulation stemming from the global bureaucracies’ newly enacted covid-19 reaction policies. In the U.S. amid all the commotion and fear, the Federal Reserve granted special powers to the giant private equity firm Blackrock. The arrangement has been criticized a great deal because Blackrock is […]
The post America’s Banks Can Simply Bail Themselves Out – Thanks to the Fed’s $27 Trillion Blackrock Deal appeared first on Bitcoin News.
Grayscale Investments has announced the strongest quarter in its history. Investments into the company’s cryptocurrency products, including the flagship Grayscale Bitcoin Trust (GBTC), hit a record high in the first quarter. Of the total investment, 88% comes from institutional investors. The company now has $2.2 billion in assets under management. Also read: Bitcoin Revolution: Wanna […]
The post Investments in Grayscale Bitcoin Trust Hit Record High Amid Economic Crisis appeared first on Bitcoin News.
The Maker Foundation is being sued in a class-action lawsuit for $28 million over the March 12 event that caused over $2 million in liquidations. The lawsuit alleges that the team behind the Makerdao project did not explain the extreme risk of loss to investors. Also read: ETH Price Strains Defi Collateral Loans as ‘Black […]
The post ‘Black Thursday’ Liquidations Sparks $28M Lawsuit Against Maker Foundation appeared first on Bitcoin News.