May 2021 | Page 2 of 125 | Last Cryptocurrency News Feed

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

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-term derivatives. There are currently over $900 million in call (buy) options aiming at $100,000 and higher, but what exactly are those investors seeking?Options instruments can be used for multiple strategies,…

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Bitcoin Mining Company Marathon Will Stop Censoring Transactions, Start Signaling For Taproot

Bitcoin mining firm Marathon has announced its pool will stop mining only OFAC-compliant blocks and start signaling for Taproot activation.Mara Pool, the bitcoin mining pool operated by digital asset technology company Marathon Digital Holdings, will update its miners to the latest Bitcoin Core 0.21.1 software to signal for Taproot activation, and stop censoring transactions, according…

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

Bitcoin (BTC) entered a consolidation phase following its May 19 crash from $42,600 to $30,000 on Coinbase. The flagship cryptocurrency recovered its losses quickly and reclaimed $40,000 but it failed to log a clear bullish breakout above this resistance level and at the time of writing the price remains pinned below $40,000.The latest price action…

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Human Rights Foundation Donates $210,000 In Bitcoin Ecosystem Grants

The Human Rights Foundation has awarded $210,000 in grants to propel six Bitcoin projects, including developers and Lightning apps.The Human Rights Foundation (HRF) Bitcoin Development Fund's latest round will award a total of $210,000 to three Bitcoin Core contributors, two Lightning Network wallet teams and an Arabic translator."This round of gifts will focus on: Bitcoin…

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Justin Sun Agrees With Elon Musk’s Concerns Over Bitcoin’s Carbon Footprint

TRON’s Justin Sun agrees with Elon Musk’s concerns on the carbon footprint that bitcoin mining leaves. He believes the proof of work consensus algorithm has its flaws and urged people to strive to use more green energy. Sun Agrees With Musk Tesla’s CEO made the news several weeks ago when the EV-maker disallowed bitcoin payments…

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

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 investors considering the fall as a buying opportunity while short-term traders are dumping their positions out of fear.Glassnode data suggests that long-term HODLers and miners are using the…

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Report: Amid pullback, Argentinian Bitcoin miners thriving

Institutional miners and hobbyists alike are taking advantage of energy subsidies to cash in. 3156 Total views 5 Total shares While the broader crypto market suffers through a painful slump, a new report today indicates that Bitcoin miners in Argentina are thriving as they take advantage of convoluted energy policies. A report from Bloomberg republished in…

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Subsidized Energy And Shrinking Economy Lead To Bitcoin Mining Boom In Argentina

Low energy costs, high inflation and restrictive capital controls have pushed residents of Argentina to mine bitcoin in their homes.Bitcoin miners in Argentina are taking advantage of the country’s shrinking economy and its debased currency to harvest oversized returns, powered by cheap, government-subsidized energy, Bloomberg reported.“Even after Bitcoin’s price correction, the cost of electricity for…

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0x launches DEX liquidity API on Polygon

Polygon’s decentralized finance footprint continues to grow, with 0x releasing a version of its decentralized exchange liquidity aggregator API on the “Ethereum scaler.” 2300 Total views 11 Total shares 0x has released a Polygon version API for its decentralized exchange (DEX) liquidity aggregator, opening up the 0x API tool to the expanding Polygon market.The DEX…

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Reserve Bank of India With Important Clarifications on Crypto Regulations

The Reserve Bank of Inda issued a new circular today, clarifying that although banks and other entities need to carry customer due diligence, cryptocurrencies are not outlawed in the country. Citing media reports that banks and regulated entities have “cautioned their customers against dealing in virtual currencies by making a reference” to a circular that…