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Our Man in Shanghai: DogeMania, ‘Dog-Coin’ trademark dogfight, hashrate outage, government warms up to crypto
Cointelegraph.com News - 23 April 2021, 12:57 amGlobal BTC hashrates still down over 15% following accident, Dogecoin the subject of trademark applications, and government official mentions BTC as an investment alternative The big news this week happened on April 16th, when a major power outage in Xinjiang wreaked havoc on the BTC hash rate. According to local sources, the hash rates on…Read More
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Data shows traders rushed to buy altcoins during Bitcoin’s dip to $50K
Cointelegraph.com News - 23 April 2021, 12:36 amBitcoin price may be stuck in a rut but this hasn’t stopped traders from loading up on LINK, BAND and Qtum. Bitcoin’s (BTC) recent downturn temporarily pulled its dominance rate down to 49.5% which is the lowest level since August 2018. This has led a growing number of traders to predict that altcoins will outperform…Read More
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How to make hodling worthwhile, explained
Cointelegraph.com News - 22 April 2021, 11:20 pmHodling can be a nerve-wracking experience — and if crypto is left to languish in a cold wallet for several years, it can also end up being an unrewarding one. What legal safeguards should you look for?Working with a licensed crypto company offers clients legal rights and helps ensure that they don’t run into regulatory…Read More
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Hollywood elite will receive NFTs in recognition of upcoming awards ceremony
Cointelegraph.com News - 22 April 2021, 9:43 pmAmong the digital artwork is a piece created as a tribute to late actor Chadwick Boseman, with the proceeds from the auction benefitting the Colon Cancer Foundation. A project will be distributing nonfungible tokens, or NFTs, in the gift bags of 25 actors, actresses, and directors nominated for their roles in feature films. According to Nomine(eth),…Read More
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Here’s why bulls aren’t buying the Bitcoin price dip to $50,000
Cointelegraph.com News - 22 April 2021, 9:22 pmData shows pro traders are not buying the current Bitcoin dip as tomorrow’s $1.55 billion options expiry looms. Bitcoin (BTC) has been bouncing at the $51,000 support for the past 44 days. Typically, this would be interpreted as a positive occurrence, especially considering that the $50,000 level represents a 75% advance in 2021. However, cryptocurrency investors…Read More
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Square’s Cash App raises minimum Bitcoin withdrawal to 0.001 BTC
Cointelegraph.com News - 22 April 2021, 9:21 pmA 0.001 BTC withdrawal is equivalent to around $51.80 based on current prices. Square’s Cash App, a Bitcoin-friendly mobile payments platform, has raised its minimum withdrawal requirements for BTC holders.The minimum withdrawal amount for Bitcoin accounts is now 0.001 BTC, or 100,000 satoshis, compared with 0.0001 BTC, or 10,000 satoshis, previously. With Bitcoin hovering around…Read More
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Earth Day 2021: How the crypto industry is moving closer to going green
Cointelegraph.com News - 22 April 2021, 7:28 pmDespite what the critics might tell you, blockchain is greener than ever. It’s as reliable as the changing of the seasons: another year, another Earth Day, and another misguided missive about crypto’s outrageous energy consumption.Last week, the New York Times published a piece that sought to remind readers of the “astonishing environmental costs” of cryptocurrency…Read More
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Altcoins rally as analyst warns Bitcoin is in the '$50K – $60K twilight zone'
Cointelegraph.com News - 22 April 2021, 7:25 pmEther, MKR and SOL rally to new all-time highs, while Bitcoin’s price is stuck in what one analyst says is a range dominated by bots. The price of Bitcoin (BTC) is still stuck in what traders hope will be a short-term downtrend as the impact of the April 18 rumors of a crackdown on “unnamed financial…Read More
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Algorand pledges carbon-negative blockchain
Cointelegraph.com News - 22 April 2021, 6:56 pmAlgorand and ClimateTrade are working on a sustainability oracle that would drive down carbon emissions. Smart contract platform Algorand plans to achieve a carbon-negative network by implementing a “sustainability oracle” in partnership with ClimateTrade in a move that could make blockchain adoption more environmentally friendly. The partnership, which was announced Thursday, enables Algorand to notarize its…Read More
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Texas wants to protect privacy elements of blockchain companies, says Blockcap
Cointelegraph.com News - 22 April 2021, 5:45 pmAccording to Darin Feinstein, the Chinese government isn’t helping to protect the private property of its crypto miners. Crypto mining company Blockcap, which recently announced it would be setting up new offices in Austin, said Texas could become an alluring region for the industry.In an exclusive interview with Cointelegraph, Blockcap founder and executive chair Darin…Read More