BitcoInternet

Bitcoin's rising popularity will lead to more regulation, says Riksbank

Bitcoin's rising popularity will lead to more regulation, says Riksbank | BitcoInternet Riksbank Governor Stefan Ingves says there’s “good reason to believe” that more regulatory oversight of cryptocurrencies is in the pipeline. Cryptocurrencies’ persistent growth and ever more mainstream adoption is keeping international monetary authorities on their toes. In fresh comments th...

crypto predicts attendance exceeding 50,000

Miami crypto conference predicts attendance exceeding 50,000 | BitcoInternet Miami is expanding as a crypto hub by hosting this year’s Bitcoin 2021 event. The Bitcoin 2021 conference in Miami has been touted as the largest Bitcoin event in crypto history, with organizers expecting a huge turnout. The event, running for three days from June 3 at the Mana Convention Center i...

BNY Mellon Sets Up Unit in as Central Bank Says Bitcoin Is ‘of Great Concern’

BNY Mellon Sets Up Crypto Unit in Ireland as Central Bank Says Bitcoin Is ‘of Great Concern’ | BitcoInternet U.S. banking corporation BNY Mellon is gearing up to offer crypto custody services out of Dublin where it has just established a digital hub. The news coincided with a stark warning issued by a top central bank official in Ireland who said people should only buy bitcoin if they’re prepared to lose...

How relevant is the $900M open interest on Bitcoin above $100K?

How relevant is the $900M open interest on Bitcoin options above $100K? | BitcoInternet Pro traders have been buying ultra bullish Bitcoin $100,000 to $200,000 options, but how confident are they that these targets will be achieved? Bitcoin (BTC) is fast approaching its worst monthly performance in a decade, but some investors are using this as an opportunity to buy ultra-bullish long-...

Binance Smart Chain Faces yet Another Flash Loan Attack: Belt Finance Loses $6.3 Million

Binance Smart Chain Faces yet Another Flash Loan Attack: Belt Finance Loses $6.3 Million | BitcoInternet Belt Finance, a Binance Smart Chain-based decentralized lending protocol, lost $6.3 million in a flash loan attack last week. The attackers took advantage of a series of inefficiencies in the smart contract to manipulate the price of the set and obtain profit from a series of transactions. This is j...

to target in latest regulatory clampdown

Thailand to target DeFi in latest regulatory clampdown | BitcoInternet A new DeFi yield farming platform in Thailand has rattled regulators. In their latest effort to regulate the cryptocurrency industry, Thailand’s financial regulators have turned their sights towards decentralized finance, or DeFi. According to a June 1 report from Bangkok Post, Thailand’s Securi...

Singapore’s Bank launches digital bond security token

Singapore’s DBS Bank launches digital bond security token | BitcoInternet Institutional or accredited investors signed up to the DBS Digital Exchange will be able to access secondary markets for DBS’s digital bond. Singapore-based multinational banking corporation, DBS Bank, has launched its first-ever security token offering, or STO, by issuing a digital bond. The DBS ...

and Human Rights Foundation provide $150K grant to Bitcoin scaling researcher

BitMEX and Human Rights Foundation provide $150K grant to Bitcoin scaling researcher | BitcoInternet BitMEX has collaborated with a non-profit Human Rights Foundation to provide a $150,000 grant to Korean-based Bitcoin scaling researcher, Calvin Kim. Popular crypto derivatives exchange BitMEX has announced a $150,000 grant for Calvin Kim — a Korean-based Bitcoin scaling researcher. The grant comp...

More Than 5 Million in Worth $13 Billion Rests in the Eth2 Contract

More Than 5 Million in Ethereum Worth $13 Billion Rests in the Eth2 Staking Contract | BitcoInternet Statistics now show the Eth2 deposit contract has more than 5.2 million staked ether worth over $13 billion locked into the smart contract. The contract launched on November 4, 2020, and three weeks later, the contract met the required threshold to initiate the Beacon Chain. It’s not cheap to beco...

Indian central bank clarifies regulations as local shun crypto

Indian central bank clarifies regulations as local banks shun crypto | BitcoInternet Banks like HDFC and State Bank of India reportedly cautioned customers against crypto, citing the RBI’s quashed crypto circular. India’s central bank has issued an official notice regarding local banks reportedly cautioning customers against using cryptocurrencies like Bitcoin (BTC). Published M...

3 on-chain indicators suggest the price sell-off is losing steam

3 on-chain indicators suggest the Bitcoin price sell-off is losing steam | BitcoInternet As Bitcoin price shows new signs of bullish momentum, data from various on-chain indicators suggest that the current sell-off is reaching an end. Bitcoin (BTC) entered a consolidation phase following its May 19 crash from $42,600 to $30,000 on Coinbase. The flagship cryptocurrency recovered its loss...

Home Spikes in Amid Record High

Home Crypto Mining Spikes in Brazil Amid Record High Unemployment | BitcoInternet With rising unemployment rates and rampant economic uncertainty, in the wake of the Covid crisis, a growing number of Brazilians are finding an alternative income source in cryptocurrency mining. GPU rigs have been spotted even in favelas as a relatively small investment can return more than the ave...

Bitcoin rejects near $37.5K, on-chain data shows capitulation from short-term holders

Bitcoin rejects near $37.5K, on-chain data shows capitulation from short-term holders | BitcoInternet On-chain data shows short-term Bitcoin holders continue to capitulate while long-term investors have been buying the dip in anticipation of the market moving higher. Bitcoin started the week off with an abrupt bullish breakout to $37,500, a level some analysts have identified as a crucial ‘line in...

denies access to Ripple’s legal advice

Court denies SEC access to Ripple’s legal advice | BitcoInternet Ripple’s legal battle with U.S. regulators continues. Ripple has scored another win in its ongoing legal battle against the United States Securities and Exchange Commission as the court has denied the SEC access to Ripple’s legal advice. Magistrate Judge Sarah Netburn of the District Court for t...

Visualizing Bitcoin’s Future Price Cycles With the Power-Law Corridor Model

Visualizing Bitcoin’s Future Price Cycles With the Power-Law Corridor Model | BitcoInternet There’s a number of tools, charts, and models traders use to help them forecast bitcoin price cycles and our last article discussed leveraging the Golden Ratio Multiplier. The following editorial discusses another method of bitcoin price prediction analysis by utilizing Logarithmic Growth Curves. ...

Central Bank of Brazil Issues for Its CBDC

Central Bank of Brazil Issues Guidelines for Its CBDC | BitcoInternet The Central Bank Of Brazil, the highest monetary authority of the country, has released a note listing the general guidelines for the design of a hypothetical central bank digital currency (CBDC) for the country. While there are still no concrete steps taken in this direction, at least the document....

Sichuan Energy Officials Plan to Meet in June to Discuss Bitcoin Mining Implications

Sichuan Energy Officials Plan to Meet in June to Discuss Bitcoin Mining Implications | BitcoInternet Ever since government officials in China started talking about cracking down on bitcoin mining and reiterating crypto guidelines from 2017, digital currency proponents and the media have been focused on this region. Just recently, a Chinese state-backed online publication revealed that the Sichuan E...

crypto exchange announces Japan's first ever

Coincheck crypto exchange announces Japan's first ever IEO | BitcoInternet The Hashpalette token sale on Coincheck is set to become Japan’s maiden initial exchange offering event. Coincheck’s goal of conducting the first-ever initial exchange offering in Japan is moving closer to becoming a reality. According to a release issued on Monday, the Japanese crypto exchange ...

Price analysis 5/31: BTC, ETH, BNB, ADA, XRP, DOGE, DOT, UNI, ICP, B*H

Price analysis 5/31: BTC, ETH, BNB, ADA, XRP, DOGE, DOT, UNI, ICP, B*H | BitcoInternet Bitcoin and altcoins are attempting to start a relief rally, suggesting traders have decided to start buying at lower levels. Bitcoin’s (BTC) massive drop in May 2021 is among its worst monthly performances, according to data from Bybt. The decline has divided the crypto community, with long-term ...

Experiences This Year’s Largest Epoch Drop, Global Slips Lower

Bitcoin Mining Difficulty Experiences This Year’s Largest Epoch Drop, Global Hashrate Slips Lower | BitcoInternet Bitcoin’s mining difficulty dropped this week at block height 685,440 and saw the largest negative drop of the year losing close to 16%. Overall the global hashrate has dropped around 2% since the price fell below the $40k handle. Currently, the mining difficulty is around 21 trillion, and it coul...

Legacy banks should learn about staking and DeFi or risk extinction

Legacy banks should learn about staking and DeFi or risk extinction | BitcoInternet When lawmaker meets crypto and turns to art: Alberto Echegaray talks about the future of DeFi and the reality of Bitcoin and art. It’s all about the economy, cryptocurrencies, art and future projections. To talk about all this, Cointelegraph en Español reached out to artist Alberto Echegaray, the...