Category: Bitcoin News

3-year-old Bitcoin educator interviews Michael Saylor

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Three year old Lily Knight, “the world’s youngest Bitcoin educator,” interviewed billionaire MicroStrategy founder Michael Saylor for her YouTube channel in a video that dropped April 13. In the interview, Lily noted that Saylor’s accumulation of more than $2 billion worth of Bitcoin since August 2020 had been a “ballsy move.” The toddler and unconfirmed “hodler” became something of a vial sensation in the crypto space in mid February after she (aided by her parents) published a video explaining Bitcoin’s dynamics using Skittles candy. The video caught the attention of…

Exodus Wallet raises almost $60M in crypto in regulated offering

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Crypto wallet provider Exodus has raised more than $59 million in just five days as investors flocked to participate in the public offering. Exodus Movement, Inc., a firm based in Delaware, began selling stock on April 8 in a sale that was approved by the U.S. Securities and Exchange Commission (SEC). The shares were listed for $27.42 apiece with a maximum investment of 2,733,229 shares. According to an April 12 report, the offering will close once the maximum offering amount of $75 million has been reached. The crypto wallet company…

Record $8B open interest on Ethereum futures shows the pros are ‘here’

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The price of Ether continues to push higher, and many analysts are calling for $3,000 as a short-term target. All of this “success” takes place in the face of Ether (ETH) being in a bottleneck regarding high fees, network congestion and a tense situation with miners.  With decentralized finance (DeFi) applications taking center stage and the aggregate volumes at exchanges surpassing $4 billion per day, Ether’s price has rallied over 200% since the start of the year, marking a new all-time high at $2,300 on April 13. This impressive price…

Dogecoin (DOGE) hits a new ATH as Bitcoin bulls try to flip $63K to support

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The price of Dogecoin (DOGE) experienced a strong 36% rally on April 13 and established a new all-time high at $0.0961. While the exact reason for the rally is unknown, the crypto market’s most popular meme coin now finds itself on the shortlist of cryptocurrencies being considered as a payment option in today’s post-pandemic business reopenings.  Data from Cointelegraph Markets and TradingView shows that DOGE rose 36% from a low of $0.07 in the early hours on April 13 to an intraday high of $0.0961 on $5.4 billion of trading…

NFTs by mail? US Postal Service plans to support postage tokens

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The United States Postal Service will soon be stepping into the nonfungible token market. Not to release artwork or music, but rather to help customers purchase postage. In an announcement on Tuesday, communications-as-a-service platform CaseMail said the USPS had certified its postage nonfungible tokens, or NFTs, for use in the United States. The tokens are digitally stamped on the USPS’ ePostage labels and the physical item being mailed, creating a verifiable chain of custody for digital and physical assets, as all data is recorded on the blockchain. “Using NFTs to…

Nvidia triples revenue forecast for crypto mining GPU sales

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Nvidia says the positive performance of its various market segments has seen the company revise its initial forecasts for Q1 of fiscal 2022. The company made this known during its annual investor day on Monday revealing total revenue for Q1 is already tracking above the $5.30 billion forecast included in its previous end-of-year earnings call. This positive market performance has also extended to Nvidia’s graphics processing unit, or GPU, sector with the company raising its Q1 revenue estimate for its cryptocurrency mining processor, or CMP, product three-fold to $150 million.…

JPMorgan, Mastercard lead $65M ConsenSys raise

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ConsenSys, a prominent blockchain software company, has raised $65 million in strategic investments from major financial institutions including JPMorgan Chase, Mastercard and UBS, offering yet another sign that traditional finance is entering the crypto space. The investment round will aid ConsenSys in expanding its enterprise blockchain infrastructure solutions to enable more DeFi and Web3 applications on Ethereum (ETH), the company announced Tuesday. After a year of significant growth, ConsenSys is now focusing on accelerating mainstream adoption of Web3, which is considered to be the next phase of the internet’s evolution.…

Crypto.com will provide liquidity to Finxflo in new partnership

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Cryptocurrency exchange platform and card issuer Crypto.com will be providing liquidity in a new partnership with Singapore-based hybrid liquidity aggregator Finxflo. In an announcement today, Crypto.com said it would be joining Finxflo as the firm’s first liquidity provider, reportedly allowing the exchange to increase its transaction volume and mitigate market volatility. In general, liquidity aggregators may allow crypto traders to take advantage of deeper liquidity pools and more advantageous price execution. “We want to eliminate the hurdles associated with crypto trading, and streamline the experience for new retail investors,” said…

Linux Foundation launches blockchain-based platform for insurance

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The Linux Foundation, the nonprofit technology consortium that supports the Linux operating system, is backing a new blockchain-based project for the insurance industry. On Monday, the foundation announced the launch of the Open Insurance Data Link platform, a project that aims to reduce the cost of insurance reporting and create a standardized insurance data repository using distributed ledger technology. OpenIDL is a joint initiative of the Linux Foundation and the American Association of Insurance Services, a national insurance advisory organization in the United States. The open-source project brings together major global insurance…

USDT, USDC, and BUSD represent 93% of stablecoin market cap

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Research from on-chain analytics provider Glassnode has revealed that the top three stablecoins represent more than 90% of the sector’s entire market cap. Glassnode’s April 13 “Week On-chain” report found that the top three stablecoins — Tether (USDT), USD Coin (USDC), and Binance USD (BUSD) — have seen significant growth over the past six months to represent a combined capitalization of more than $60 billion, equal to 92.75% of the stablecoin market. By contrast, six months ago the combined stablecoin capitalization for those three was less than one-third of its…