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ByAuthor J.D. SmithPosted on
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BITCOIN HOLDERS CRUSHING THE SHORTERS??!! AMAZING STATISTICS!!!

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Today’s Crypto News: Bitcoin [BTC] | F2pool

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Bitcoin Blockchain
ByAuthor J.D. SmithPosted on
9
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Gemini collaborates with The Giving Block and others, adds donations option

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United States crypto exchange Gemini has added a way for customers to donate crypto to over 100 nonprofits worldwide via The Giving Block.

Gemini now gives customers the option to “Give Back With Crypto,” The Giving Block unveiled in a blog post on Thursday. Available charities range from human rights efforts, to those seeking to provide clean water and beyond.

Some of the charitable groups available, as listed on The Giving Block’s website, include Water Wells for Africa, the GO2 Foundation for Lung Cancer, Kids in Need of Defense and many more.

“For this feature, any time a user clicks the ‘donate’ buttons on the Gemini mobile app or desktop platform, it will take them to https://www.thegivingblock.com/donate-bitcoin where they can choose to donate to any of the 130 nonprofits that we work with,” Alex Wilson, co-founder of The Giving…

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Bitcoin Blockchain Markets Opinion Tech
ByAuthor J.D. SmithPosted on
19
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$580M open interest makes Cardano (ADA) the third largest futures market

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On Feb. 3, Cardano conducted a hard fork and successfully integrated the Mary upgrade to the testnet, transforming the blockchain into a multiasset network similar to Ethereum.

This event seems to be one of the reasons for the impressive 475% year-to-date rally of ADA, and the altcoin is now causing unexpected ripples in the derivatives markets.

Since the end of December 2020, ADA’s $81-million aggregate futures open interest hiked to the current $580 million, becoming the third-largest derivatives market, behind Bitcoin (BTC) and Ether (ETH).

Data indicates this was not purely a technical adjustment, as Cardano’s on-chain and trading metrics vastly outperform Litecoin’s (LTC).

ADA futures aggregate open interest. Source: Bybt

A week ago, Litecoin led ADA’s open interest by a 50% or higher margin. That all changed over the past five days, as Litecoin’s aggregate futures position was cut by 40%.

Despite facing a similar price…

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Bitcoin Blockchain
ByAuthor J.D. SmithPosted on
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Coinbase sent SEC filing to Satoshi in a symbolic gesture

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United States-based cryptocurrency exchange Coinbase named Bitcoin creator Satoshi Nakamoto in its recent filing with the Securities and Exchange Commission for a direct listing on the stock market.

According to the SEC filing, Coinbase sent copies of its S-1 registration statement — which, if approved, would bring the company closer to having its shares traded on U.S. stock exchanges — to legal team members at Coinbase Global and California law firm Fenwick & West. In addition, the exchange listed Satoshi Nakamoto and the Bitcoin (BTC) genesis block address as recipients of a copy of the SEC filing.

The legendary Bitcoin creator was mentioned four times in the filing, including as the author of the Bitcoin white paper. The S-1 report also describes the possible identification of Satoshi and the transfer of his BTC holdings as events that could cause the price of Bitcoin and Ether…

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Bitcoin Blockchain
ByAuthor J.D. SmithPosted on
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British art icon Damien Hirst to accept BTC, ETH payments for print run

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Yet another fine art institution is jumping on the crypto bandwagon. 

British artist Damien Hirst and printmaker HENI Leviathan announced Thursday the release of a print run of eight Hirst paintings, which will be available for purchase with the cryptocurrencies Bitcoin (BTC) and Ether (ETH).

According to the announcement, “For the first time, both HENI Leviathan and the artist Damien Hirst will be accepting Cryptocurrency for payment of editions, payments can be made by either Bitcoin or ether, as well as by credit or debit card.”

The prints are available starting today and will sell through March 3. Each print is priced at $3,000 (or .058 BTC/1.8 ETH, according to price at the time of publication), and each piece will be signed by Hirst.

In the announcement, Hirst — whose work has been displayed in the Museum of Modern Art — spoke…

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Bitcoin Blockchain Business
ByAuthor J.D. SmithPosted on
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Ebang planning to expand business to mine LTC and DOGE

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According to an announcement from Chinese mining equipment supplier Ebang, the mining firm’s board passed a resolution on Thursday to establish a Litecoin (LTC) and Dogecoin (DOGE) mining business. Ebang said it will use some of its own rigs in addition to purchasing some from other crypto mining manufacturers.

By “leasing computing powers from other mining farms,” Ebang claimed it will be able to mine the two tokens simultaneously. CEO Dong Hu said the move was part of the company’s transition from a manufacturer of mining equipment to a “diversified and vertically integrated blockchain company.”

“We will develop LTC and Doge mining on the basis of our Bitcoin mining business,” said Hu. “The development of the business will further promote our related cryptocurrency-focused businesses and increase our revenue.”

The Chinese firm has been selling its own brand of mining equipment since December 2016. However,…

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Bitcoin Markets
ByAuthor J.D. SmithPosted on
16
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Altcoins bounce to new highs as Bitcoin price trades sideways under $50K

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The cryptocurrency market recovered some of the losses from the past couple of days on Feb. 25 as Bitcoin (BTC) briefly pushed back above the $50,000 level and multiple altcoins have seen double-digit price gains. 

Data from Cointelegraph Markets and TradingView shows that Bitcoin bounced off a low of $45,200 late on Feb. 24 before rallying 15% to $52,000 in the morning trading session.

BTC/USDT 4-hour chart. Source: TradingView

While the rebound in the cryptocurrency market is a welcome sight for bullish investors, Bitcoin price is still finding resistance above $50,000, and this level has yet to be confirmed as support.

Economists have also begun to worry about the rising Treasury yields, which are usually a signal of weakness for the economy and can have a large impact across many markets.

Catalysts for a $100,000 Bitcoin

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