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Dogecoin Bullish Signal: On-Chain Activity Shows “Major Boost”

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Data shows Dogecoin has seen a major boost in its on-chain metrics recently, something that may be bullish for the meme coin’s price.

Dogecoin Whale Transactions And Active Addresses Have Surged Recently

According to data from the on-chain analytics firm Santiment, a couple of DOGE on-chain metrics are at two-month highs right now. The relevant indicators here are the whale transaction count and the daily active addresses.

The “whale transaction count” measures the total number of Dogecoin transfers taking place on the blockchain that is worth at least $ 100,000 in value. When the value of this metric is high, it means whales are actively trading the asset right now.  Read more...

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Major Adoption News For Bitcoin: POS Giant Clover Starts Lightning Trial

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Bitcoin’s adoption into the mainstream – not only as a store of value but also as a means of payment – took a big step forward today. As Strike CEO Jack Mallers announced via Twitter, the Bitcoin Lightning Network went live yesterday with Clover.

On Twitter, Mallers announced that Strike is now an integrated partner with payments giant Fiserv, Clover’s parent company. As a result, Strike has launched a pilot integration with Clover that will allow merchants to accept Bitcoin payments through the Lightning Network.  Read more...

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Major Ukrainian Pharmacy Chain Enables Bitcoin Payments

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ANC Pharmacy is enabling bitcoin payments via Binance Pay at more than 1,000 locations across Ukraine.

One of the largest pharmacy chains in Ukraine, ANC Pharmacy, has partnered with Binance to enable bitcoin and cryptocurrency payments at all of their locations. With over 1,000 stores across the country, it is one of the largest implementations of bitcoin payments in Europe. 

Access to the contactless payments will initially only be available at locations in Kyiv, per an official statement. In order to use bitcoin to pay for orders starting on January 3, patrons will need to download the Binance application and then complete their purchase at the ANC website with Binance Pay, before picking up their order at the store.  Read more...

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Major Publicly Traded U.S. Bitcoin Miner Files For Chapter 11 – Impact On The Market?

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What many suspected after the news broke in late October has now become a reality. One of the largest publicly traded Bitcoin mining companies in the U.S., Core Scientific Inc. (CORZ), has filed for Chapter 11 bankruptcy, CNBC reported today. The network cites an anonymous source.

Whether the Bitcoin mining company will survive the crypto winter, however, remains to be seen. CORZ is still generating cash flow, but it is not enough to pay off the financing debt from the machine lease.  Read more...

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Sino Global Capital Regrets Investing In FTX Exchange After Losing A Major Sum

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The crypto industry is witnessing another crisis with the distress of one of the top crypto exchanges in the space, FTX. More firms with exposure and collaborations with the exchange have started experiencing some constraints in their various activities.

Following the fall of FTX, the founder and CEO of the company, Sam Bankman-Fried (SBF), has lost its value as a billionaire in the space. With the decline in the FTX Token (FTT), several other crypto assets have been exposed to a bearish trend.  Read more...

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Major Bitcoin Price Advance Expected This Month, Analyst Says

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Bitcoin, in October last year, registered an average closing price of $ 58,051. It enters the first day of the same month this year with far less value, trading at $ 19,358 as of this writing, according to tracking from CoinGecko.

  • Bitcoin is currently trading above the $ 19,000 mark
  • In October, 2021, Bitcoin traded above the $ 60K mark for 16 straight days
  • Bitcoin aims to regain the $ 20,000 level

But even with that huge value discrepancy, some experts believe that the maiden cryptocurrency might be on the verge of a significant price movement as it enters October – a month noted to be “favorable” for the asset.  Read more...

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Mining Concentration In America Poses A Major Threat To Bitcoin

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Blind patriotism encouraging further centralization of mining in America is a regulatory capture trap.

This is an opinion editorial by Shinobi, a self-taught educator in the Bitcoin space and tech-oriented Bitcoin podcast host.

Since the mining ban came to China, there has been a massive migration of Bitcoin hash rate to the United States. There have been many narratives and pushes from pro-American Bitcoiners to continue attracting more hash rate to the U.S., including pushing to create favorable regulatory environments for miners here in North America. This has been done under the premise of the historical strength of American property rights, which is a big part of why American capital and equity markets are the biggest in the world.  Read more...

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Shiba Inu Gets Major Boost After Listing On Philippines’ Popular Crypto Exchange

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Shiba Inu acceptance is on the upswing as the meme coin gets listed on Coins.ph, a popular cryptocurrency exchange in the Philippines.

Coins.ph has more than 18 million registered users and is approved by the Bangko Sentral ng Pilipinas (BSP). This means that the dog-themed cryptocurrency is accessible to this massive number of users not only in this part of Asia but the whole world.

The so-called “Dogecoin-killer” Shiba Inu will be added to the existing 20 cryptocurrencies on the crypto market.

Coins.ph is one of the oldest cryptocurrency exchanges in the Philippines. Established in 2014, the exchange shifted its focus away from cryptocurrencies and toward conventional financial services.  Read more...

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Investors Duped In Major Crypto Scam In India

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Cryptocurrency has secured immense popularity across the globe. The increase in popularity of crypto, however, cannot be interpreted as increase in awareness about the same. India has been fascinated with the industry despite all the uncertainties in regulatory framework that continues to exist.

As popularity grew, so did scams and other fraudulent practices related to crypto. According to the report from Chainalysis, in 2021, Indian users have visited many scam websites more than 9.6 million times. Chainalysis is a software platform that keeps a tab on the criminal activities happening across the industry by tracking it.  Read more...

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Tezos Lands $1 Billion Security Token Deal with Major Brazilian Bank

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Latin America’s largest investment bank, Brazil’s Banco BTG Pactual S.A., has announced plans to launch Security Token Offerings (STOs) on the Tezos blockchain. The news marks a major step for the Tezos Foundation. $ 1 Billion Worth of Security Tokens to be Issued Banco BTG Pactual will work in collaboration with Dubai’s Dalma Capital “to host […]

The post Tezos Lands $ 1 Billion Security Token Deal with Major Brazilian Bank appeared first on CCN Markets

CCN Markets

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Newsflash: Crypto Market Plummets $58 Billion as Major Coins Drop 30% in Bloodletting

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The global cryptocurrency market lost $ 58 billion in a flash crash on Thursday morning as bitcoin makes a retreat. The combined value of the world’s cryptocurrencies dropped from $ 386 billion to $ 328 billion – a 14.9% loss overall. Just hours previously Bitcoin had been flirting with the $ 14,000 mark; now, BTC is struggling to keep […]

The post Newsflash: Crypto Market Plummets $ 58 Billion as Major Coins Drop 30% in Bloodletting appeared first on CCN Markets

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New Billion Dollar Crypto Algorand (ALGO) Snags Major Exchange Listings

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Algorand (ALGO), a new permissionless, pure proof-of-stake blockchain project, has taken the crypto world by storm over the past few days. Earlier this week, Algorand raised more than $ 60 million in a token sale where the project sold 25 million ALGO, the first in a series of planned sales that will gradually increase the circulating […]
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These Websites Help You Shop With Major Retailers Using Cryptocurrency

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These Websites Help You Shop From Major Retailers Using Cryptocurrencies

Cryptocurrency users are often forced to convert their coins to fiat in order to purchase items from leading retailers and ecommerce platforms such as Walmart and Home Depot, Amazon, Aliexpress, and Ebay. The hesitation of these merchants to embrace crypto payments has created a niche that’s being occupied by online businesses that are bridging the gap. They take care of your order, arrange the shipping and are willing to accept your electronic cash.

Also read: Latin America and Turkey Have the Most Cryptocurrency Users, Poll Shows  Read more...

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Major African Insurer Refuses to Cover ‘Risky’ Crypto Mining Equipment

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By CCN Markets: One of Africa’s largest insurers, Old Mutual, has announced it will no longer cover crypto mining equipment due to lack of regulation. After researching the industry, the Pan-Africanist financial group discovered a number of reasons that prompted it to make the decision that will not sit well with crypto miners. According to a local report, Old Mutual is convinced that the cryptocurrency industry is associated with cybercrime while the equipment used for crypto mining is highly modified and operates on a 24/7 basis, making it susceptible to malfunctions such as overheating. Old Mutual won’t cover crypto mining  Read more...

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Block.one to Unveil Major EOS (EOS) Announcement on June 1

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Block.one, the startup behind the EOS (EOS) blockchain ecosystem, has a major announcement in store for June 1. According to the announcement’s teaser site, Block.one is gearing up to release a video that founder Dan Larimer has described as the “biggest news since [the] eosio announcement.” There has been a flurry of speculation as to what […]
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Ethereum (ETH) May Take a Major Step Toward Privacy

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Ethereum (ETH) creator Vitalik Buterin thinks privacy is a missing ingredient of the largest smart contract-driven blockchain ecosystem. In a recent blog post, Buterin broke down the current state of transactions on the Ethereum blockchain and what he believes can be done to improve user anonymity. “Currently there are large privacy problems in the Ethereum […]
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Crypto Startup Block.one to Conduct Major Share Buyback

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Block.one, the startup behind the EOS blockchain ecosystem, is reportedly offering to buy back 10% of its stock, at a valuation of about $ 2.3 billion. According to a recent report by Bloomberg, Block.one’s current valuation is roughly 6,567% higher than its seed round valuation, meaning investors have the option to exit with a significant return. Block.one […]
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Whole Foods and Major Retailers Now Accept Cryptocurrency via the Spedn App

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Whole Foods and Major Retailers Accept a Variety of Cryptos Through the 'Spedn' App

On May 13, cryptocurrency enthusiasts were pleased to hear that major retailers including Whole Foods, Lowes, Petco, Regal Cinemas, and Gamestop will accept payments in crypto. The payments will be processed by Flexa using its custodial wallet called ‘Spedn’ which gives people the ability to spend with bitcoin core, ethereum, bitcoin cash, and GUSD.

Also read: Satoshi Nakamoto Could Be Criminal Mastermind Paul Le Roux  Read more...

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A Group of Major Crypto Traders Reportedly Considers Scammer Blacklist

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Several major cryptocurrency traders have reportedly begun discussing plans to enact an industry-wide blacklist of suspicious actors, to stem the tide of scams, theft and fraud in the crypto space.

Bloomberg reported on this development on May 8, 2019, claiming that major companies such as Ripple, Cumberland DRW and Galaxy Digital Holdings gathered to discuss some of the practical applications of such a blacklist. Similarly, alternate plans were also discussed to form a sort of “whitelist” by introducing formal industry standards to accredit firms in good standing.  Read more...

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