Saturday , January 23 2021

Business

Fireblocks Lets Institutional Investors Profit From Staking

Fireblocks has partnered with Blockdaemon and Staked to bring staking services to institutional investors. New York-based Fireblocks today announced that it has added staking support for Polkadot (DOT), Tezos (XTZ) and Ethereum 2.0. This makes it easier for institutional investors to make money from other things than long-term speculation.  Fireblocks, founded in 2018, is a platform that lets institutional investors …

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The 10 Biggest ICOs: Here’s Where the Money Went

Investors poured $22 billion into initial coin offerings during Bitcoin’s 2017/18 bull run. How are these projects faring three years later? Three years ago, awash with funds from the last, frenzied Bitcoin bull run, investors poured over $22 billion into initial coin offerings (ICOs)—a then-novel method of raising funds, which was popularized by Ethereum in 2016. Throughout 2017 and 2018, …

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Fox Business Host Says All the Bitcoin in the World Has Been Lost

The host mistakenly suggested that 18.5 million Bitcoin is held in lost or stranded wallets. In reality, it’s just a fraction of that number. Fox Business host Ashley Webster had some unnerving words about Bitcoin last night.  “According to the New York Times, 18.5 million Bitcoin worth about $140 billion are currently being held in lost or stranded wallets,” the …

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Grayscale Sucks up 2,000 Bitcoin on First Day Back

After reopening to new investors, the Grayscale Bitcoin Trust has bought 2.4 days’ worth of mined Bitcoin in just one day. Digital asset manager Grayscale Investments has added another 2,172 Bitcoin (BTC)—worth roughly $82.5 million at current prices—to its Bitcoin Trust, noted GBTC Bitcoin Tracker on Twitter today. “After a break since the 24th of December, Grayscale’s bitcoin trust is …

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Bitcoin Price Rebounds Above $38,000, Targeting All-Time High

Critics wrote off Bitcoin when it fell $11,000 from its all-time high in one day. But the cryptocurrency has bounced back. The price of Bitcoin (BTC) climbed back above $38,000 today after taking a historic daily dive of nearly 25% on January 11, according to crypto metrics platform CoinGecko. At press time, Bitcoin is trading at around $38,290, up 10% …

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Gemini to Issue Bitcoin Rewards Credit Cards

The crypto exchange and custodian fronted by Cameron and Tyler Winklevoss has purchased a FinTech company in order to get into the credit card business. Gemini is a cryptocurrency exchange, crypto custodian, and…credit card issuer? Today, Gemini announced the creation of its own credit card, due to be available to its US customers later this year. The Gemini Credit Card …

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Hackers Stole $3.8 Billion in Cryptocurrency Hacks in 2020

Cybercriminals stole nearly $3.8 billion worth of different cryptocurrencies in 122 attacks in 2020, but the overall number of attacks is on decline According to a Atlas VPN study published on January 12, 2021, blockchain-linked attacks that happened last year cost their victims a hefty $3.8 billion. The numbers are based on the data provided by Slowmist Hacked security team …

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Rick & Morty Creator Is Selling NFT Artwork on Ethereum

The NFT market has boomed in the past year with a niche audience. And well-known creators are now jumping on the bandwagon. Animator and video producer Justin Roiland will soon release a lineup of non-fungible token (NFT) art, digital art platform Nifty Gateway said in a tweet this morning. “We are thrilled to welcome Justin Roiland to Nifty Gateway for …

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Man Who Lost Bitcoin in Landfill Offers $72 Million To Dig it up

The man from Newport asked for permission to search a landfill site for a lost hard drive containing 7,500 Bitcoin. James Howells, a 35-year-old IT engineer from Newport, Wales, has appealed to his local council to search a landfill for a hard drive that is said to contain 7,500 Bitcoin.  Howells has asked his local council for permission to search …

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Market Analysis Report (14 Jan 2021)

Bitcoin Has Only Taken 2% of Gold’s Market Cap, Research Suggests | ECB President Christine Lagarde Calls for Global Bitcoin Regulations | Japan’s Top Securities Watchdog Says XRP is Not a Security

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