Day: May 21, 2021

Saturday Is Bitcoin Pizza Day: Here’s How to Take Part

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Key Takeaways Bitcoin Pizza Day will take place on Saturday, May 22, 2021. There are several ways to take advatage of promotions, contests, airdrops, and giveaways this year. Participating users can win free pizza, free cryptocurrency, and promotional items from various companies. Share this article Saturday, May 22 marks the eleventh anniversary of Bitcoin Pizza Day. Here’s how to take part in the celebration. What Is Pizza Day? In 2010, early Bitcoin adopter Laszlo Hanyecz ordered two pizzas for 10,000 BTC, an amount that was worth just $25 at the…

U.S. Government Calls for Information on EtherDelta Hack

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Key Takeaways The U.S. authorities are asking victims of EtherDelta’s 2017 hack to fill out a questionnaire related to the event. In 2017, a hacker alleged to be Anthony Tyler Nashatka stole more than $1.4 million from users of the DEX. The search for victims follows the indictment against Nashatka announced by a federal grand jury in 2019. Share this article The United States Secret Service and Office of the U.S. Attorney have issued a call for victims of 2017 EtherDelta’s 2017 hack to come forward and fill out a…

Bitcoin Tumbles as China Issues Yet Another Threat

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Key Takeaways Bitcoin and the rest of the crypto market turned negative today as news of China’s regulatory crackdown surfaced. The government issued a statement pledging to introduce tighter crypto regulations. The Inner Mongolian province has also announced a whistleblower program for reporting on BTC miners. Share this article Bitcoin investors have panicked for a third consecutive day, sending the asset 12% into the red. Today, it’s because China has sent out another warning to the crypto industry, specifically targeting miners.  China Issues Another Warning  Bitcoin’s week of negative trends…

Yield Farmers are Migrating to Polygon

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Key Takeaways The number of daily users on Polygon is growing fast, with the Layer 1 scaling solution recently surpassing Ethereum in the number of daily transactions. Ethereum-native protocols such as Aave, SushiSwap, and Curve led the way for Ethereum users to migrate to the network. Polygon is an Ethereum scaling solution and is in direct competition with Binance Smart Chain. Share this article Polygon offers a similar yield farming experience to Ethereum mainnet at a fraction of the cost. Key metrics show that DeFi power users are starting to…

Why The Chaos In Bitcoin And Crypto Is Only Beginning

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Bitcoin price plummeted faster and lower than anyone expected, leaving behind a trail of liquidations and investors in shock. Crypto prices across the board tanked by more than 50%, and in most cases have already rebounded by at least 25% of what was lost. The sudden rollercoaster after such a steep ascent makes sense, sending volatility soaring. Except even with this much mayhem across the market right now, it is still nothing compared to what the cryptocurrency is used to. This fact could suggest that the bull market has only…

FTX, BitMEX Commit to Becoming Carbon Neutral

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Key Takeaways FTX announced its plans to go carbon neutral last night, starting with a $1 million donation to carbon offsetting organizations. BitMEX made a similar pledge to offset its emissions a few hours after FTX posted the update. The crypto space has faced scrutiny from concerned environmentalists once again this week after Elon Musk announced that Tesla would halt Bitcoin payments due to the asset’s environmental impact. Share this article FTX and BitMEX are going carbon neutral. The exchanges have pledged to donate fees to offset emissions.  Exchanges Pledge…

Ethereum Miners Earn Record $110M Amid ETH Crash

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Key Takeaways Ethereum miners earned $110 million during Wednesday’s crash, the largest daily revenue in the network’s history. Average transaction fees spiked to $300 for an ETH transfer. Liquidation on Ethereum’s DeFi platforms totaled $320 million on May 19. Share this article Ethereum gas fees spiked unusually high during this week’s crypto bloodbath as numerous DeFi users rushed to protect their collateral. Many others suffered from liquidations.  DeFi Faces Crash Test  Ethereum miners recorded earnings of around 44,252 ETH in the fallout from this week’s market-wide crash. The total earnings,…

Ethereum Approaches Next Major Break, $3K Is The Key

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Ethereum recovered nicely above the $2,750 resistance zone against the US Dollar. However, ETH price must clear $3,000 for a steady increase in the coming sessions. Ethereum is up over 15% and it cleared the $2,750 resistance zone. The price is still well below the $3,000 level and the 100 hourly simple moving average. There is a crucial contracting triangle forming with resistance near $2,880 on the hourly chart of ETH/USD (data feed via Kraken). The pair must clear $2,880 and $3,000 to move back into a positive zone in…

Here’s Why BTC Could Rally If It Clears This Key Hurdle

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Bitcoin price is recovering losses and trading above $40,000 against the US Dollar. BTC is likely to accelerate higher if there is a clear break above the 100 hourly SMA at $42,000. Bitcoin is showing signs of a decent recovery above the $40,000 level. The price is now facing resistance near $42,000 and the 100 hourly simple moving average. There was a break above a major bearish trend line with resistance near $42,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair is likely to…