Category: Cryptocurrency

Jan 11
Coinbase announces 'nearly the entire company will shut down' for four weeklong breaks in 2022 to allow workers to recharge

“Given the intensity of our work throughout the year, we think this is the best way to ensure our pace is sustainable for the long term,” said chief people officer L.J. Brock. 7933 Total views 62 Total shares Major U.S. crypto exchange Coinbase will be giving its employees one week off each quarter in 2022 […]

Jan 11
Ethereum futures and options data reflects traders’ mixed emotions on $3.2K ETH price

Ether (ETH) has been an emotional rollercoaster over the past three months primarily because its price rallied twice. First, it peaked at $4,870 on Nov. 10 and at $4,780 on Dec. 1. However, the double top was quickly followed by a harsh rejection, which led to $490 million in long futures contract liquidations in 48 […]

Jan 11
FTC issues public warning about new crypto ATM scam

The FTC has alerted everyone to stay vigilant of a new payment scam involving impersonators and crypto ATMs. 2717 Total views 50 Total shares The United States Federal Trade Commission published an alert of a new version of a scam involving cryptocurrencies. The scam has three key components, an impersonator, a QR code and a […]

Jan 11
Bitcoin returns to $42K as bets start favoring ‘short squeeze’ higher for BTC

There is increasing reason to believe that surprise gains, not losses, for Bitcoin will be the conclusion of the current BTC price phase, say analysts. 14314 Total views 120 Total shares Bitcoin (BTC) broke through $42,000 on Jan. 11 as expectations of a fresh “short squeeze” mounted. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Short-term […]

Jan 11
Block job postings reveal Jack Dorsey’s Bitcoin plans

Holding true to its promises made last year, Block plans to develop open-source Bitcoin mining systems and hardware wallets in 2022. 3732 Total views 49 Total shares In two recent job postings on LinkedIn, Jack Dorsey’s Block (formerly Square) revealed the group’s plans to develop “the next generation of mining ASIC” and make a hardware […]

Jan 11
Morocco is number one for Bitcoin trading in North Africa

The Kingdom of Morocco is the leader for Bitcoin trading across North Africa in 2021— despite its illegal status. 1290 Total views 28 Total shares Estimates from Triple A, a Singaporean cryptocurrency provider and aggregator, state that 0.9 million people, or roughly 2.4% of Morocco’s total population, currently own cryptocurrency.  That puts the kingdom as […]

Jan 11
Central bank of Bahrain trials JPMorgan’s blockchain and token

Bahrain’s central bank initially announced its JPM Coin trial in May 2021. 4030 Total views 119 Total shares Bahrain is the latest nation to explore blockchain technology by American investment bank JPMorgan, with the country’s central bank trialing JPMorgan’s proprietary digital currency. The Central Bank of Bahrain (CBB) has successfully completed a digital payments test […]

Jan 11
Single inactive volcano has 90% chance of powering El Salvador's Bitcoin City, according to president

According to Nayib Bukele, should the power consumption of the country’s planned Bitcoin City exceed the volcano’s capacity, geothermal energy can be sourced from other sites. 2746 Total views 90 Total shares El Salvador’s President Nayib Bukele has claimed officials will be able to use geothermal energy from one of the country’s inactive volcanoes to […]

Jan 10
New NFT marketplace LooksRare allows traders to earn rewards

As NFT trading activity remains high in volume, a new wave of NFT trading platforms have begun to crop up in 2022. 1498 Total views 23 Total shares LooksRare, a recently launched nonfungible token, or NFT, marketplace, says it wants to index all NFT collections on the Ethereum blockchain. The site went live on Monday […]

Jan 10
Bitcoin batters longs as liquidations copy May 2021 run to $30,000

Longs have been paying the price since early December, data shows, in a sign that accompanied a market reversal several times last year. 13096 Total views 78 Total shares Bitcoin (BTC) has dealt significant pain to bulls in recent weeks, and now, fresh data shows just how much. In a tweet on Jan. 10, on-chain […]