Arrington Capital-backed RedStone launches Bitcoin staking oracles

Binance Smart Chain (BSC) has rapidly risen to prominence in 2021 as high transaction costs and congestion on the Ethereum (ETH) network led smaller-size investors to search for cheaper alternatives.One of the top choices to earn a yield on the BSC is Venus (XVS), an algorithmic money market and synthetic stablecoin protocol that provides a…

Wall Street opened its doors for the first Bitcoin (BTC) exchange-traded fund (ETF) on Oct. 19, with the listing of ProShares Bitcoin Strategy (BITO) on the New York Stock Exchange. The fund attracted more than $1 billion in trading volume on its first day, while BTC price rallied to a new record high of $67,000.But the…

Bitcoin (BTC) "may be primed" for a quantum leap in its development thanks to inflation this year, a Bloomberg analyst has claimed.In a tweet on March 17, Mike McGlone, senior commodity strategist at Bloomberg Intelligence, released a fresh bullish take on Bitcoin's future under current macro conditions.Gold beating Bitcoin "unlikely" this yearWell known for his…

Bitcoin may not be able to make good on its Bank of America pump if its daily close fails to impress. 610 Total views 3 Total shares Bitcoin (BTC) passed $32,000 later on July 16 as positive reactions over Bank of America's (BoA) Bitcoin futures go-ahead continued.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBitcoin nears $32,300…

Despite the original TON project being officially terminated, the U.S. SEC asks Telegram to return $1.2 billion. 1456 Total views 13 Total shares The United States’s Securities and Exchange Commission, or SEC, has filed a proposal for final court judgement in regard of the terminated Telegram Open Network project.In a document filed on June 25,…

An anonymous cryptocurrency trader has accumulated almost $68 million in unrealized profit by shorting Ether amid its recent price decline. According to blockchain data from Hypurrscan, the trader opened a 50x leveraged short position when Ether (ETH) was trading at $3,176, on Feb. 1. As of 9:06 am UTC on March 5, the position had

The legislation would oblige exchanges to maintain reserves “in an amount sufficient to fulfill all obligations to customers.” 311 Total views 22 Total shares The legislation that could oblige exchanges to maintain reserves “in an amount sufficient to fulfill all obligations to customers” made it one step closer to reality in the state of Texas.…

Tim Draper, a famous investor with an estimated crypto net worth ranging between $350 million and $500 million, joined the board of directors of EOS-based decentralized application (DApp) firm MakeSense Labs.Draper commented on the appointment in a MakeSense Labs press release on Sept. 9, saying, “I am excited to support this amazing application. Sense.Chat improves…

Way back in 2014, the United States Internal Revenue Service (IRS) ruled that cryptocurrency is property in Notice 2014-21. That classification as property has some big tax consequences accentuated by wild price swings. Buying and selling crypto can trigger gain or loss and be taxable. Yes, buying something using crypto — a house, a car,…