# Bitcoin News
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March 3,2021 by Ogwu Osaemezu Emmanuel at Bitcoin
Glassnode has revealed in its weekly on-chain crypto market report that the bitcoin (BTC) price crash that happened in late February is actually a good thing for the markets, as it has “flushed out” weak hands, and excessive leverage trading. BTC Price Slump Good for the Markets In its week...
March 2, 2021 by Adeniyi Olowoporoku at
Bitcoin
Japan's e-commerce giant Rakuten has extended its crypto payment services to merchants across the country. This development is set to expand the use of cryptocurrencies within the Rakuten ecosystem. Crypto Payments Extended to All Rakuten Services Rakuten revealed this change in policy in a recent announcement on its website. The...
March 2,2021 by Dalmas Ngetich at Bitcoin
The social media giant Twitter, on Mar 1, announced a $1.25 billion convertible bond offering. Anthony Pompliano now speculates Jack and his team may be preparing to allocate a portion of funds raised to Bitcoin, following MicroStrategy's route. Will Twitter Add Bitcoin to their Treasury? In a tweet, a few...
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Press Releases
# Blockchain News
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March 2,2021 by Wayne Jones at Blockchain
Horizen, a technology platform that enables businesses and developers to create their public or private blockchains, announced a partnership with IOTA. The partnership will see the newly launched IOTA Oracles' functionality and introduce oracle capabilities to the Horizen sidechain and scaling protocol, Zendoo. IOTA Partnership Plans IOTA is a cryptocurrency...
March 2, 2021 by Adeniyi Olowoporoku at
Blockchain
Gazpromneft Aero, the aviation fuel of Russian oil and gas giant Gazprom Neft, has revealed its blockchain-based smart fueling system's successful testing. The tests are part of its plans to ramp up the distribution of the solution globally. Smart Fuel Blockchain Solution Based on Hyperleder Fabric Blockchain The development was...
February 27,2021 by Adeniyi Olowoporoku at Blockchain
Singapore has developed a blockchain-based standard for the verification of Covid-19 tests, according to local reports. This standard is expected to make it easier for the government to verify health documents within its borders easily. Blockchain-based Standard for Covid Certificates Singaporean Minister of Smart Nation Initiative Vivian Balakrishnan revealed the...
# Altcoins News
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March 3,2021 by Ogwu Osaemezu Emmanuel at Altcoins
Overview of Moonbeam There are quite a number of use cases of Moonbean in the blockchain space. However, before we get on with that, let us explore the concept of Moonbean. It is a developer-oriented blockchain network that aims to offer compatibility with already existing Ethereum protocol. We can also...
March 3, 2021 by Dalmas Ngetich at
Altcoins
It is now possible to trade unique cryptographic avatars and digital arts in the CROSSLINK game, a new update on Mar 3 reveals. In their first gaming NFT event, over 4k gamers participated, creating IOST accounts. An NFT Marketplace in IOST: TOKENLINK The announcement comes roughly two months following the...
March 3,2021 by Dalmas Ngetich at Altcoins
IoTeX is now part of the Amazon Web Services Partner Network (APN) in the U.S. and China, a press release on Feb 25 reveals. A Boost for IoTeX, AWS Widely Adopted by Fortune 500 Companies The APN is a global partner program tailored for technology and consulting businesses. It is...
# Regulation News
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March 3,2021 by Wayne Jones at Regulation
According to the updated IRS FAQs, purchasing virtual currencies using USD is not necessarily reportable to the IRS. IRS Latest Update Virtual currency holders who bought the assets via fiat money were confused about whether or not to tick 'yes' on IRS' form 1040. The scenario only applies if the...
March 2, 2021 by Adeniyi Olowoporoku at
Regulation
Thailand Securities and Exchange Commission (SEC) has allayed concerns regarding some of the requirements in its crypto proposal draft plan. This was in response to the uproar from crypto stakeholders about certain aspects of the proposed crypto framework. Thai SEC Responds to Crypto Regulatory Controversy The crypto proposal draft released...
March 2,2021 by Wayne Jones at Regulation
India changed a banking ban on crypto trading in March 2020. The government has openly spoken about introducing its cryptocurrency while banning others in the unknown Crypto and Regulation of Official Digital Currency 2021 Bill. On Wednesday, Reserve Bank of India (RBI) Governor Shaktikanta Das said cryptocurrencies could harm financial...
# Price Analysis
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The total crypto market cap erased $201 billion from its value for the last seven-days and now stands at $1,465 billion. The top 10 coins were mostly in red for the same time period with only Cardano (ADA) adding 15 percent. At the same time, Litecoin (LTC) decreased by 25.1...
Total crypto market cap erased $133 billion from its value for the period since Monday and now stands at $1,533 billion. The top ten coins are mostly in red for the last 24 hours. Binance Coin (BNB) and Polkadot (DOT) were the worst performers with 7.3 and 6.9 percent of...
The total crypto market cap added $144 billion to its value for the last seven-days and now stands at $1,602 billion. The top 10 coins were mostly in red for the same time period with Chainlink (LINK) and Bitcoin Cash (BCH) losing 10.4 and 12.6 percent while Binance Coin (BNB)...
# Ethereum News
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February 26,2021 by Wayne Jones at Ethereum
On 25 February, CI GAM (CI Global Assets Management) heralded the filing of the CI Galaxy Ethereum ETF; furthermore, it received a preliminary prospectus for the same. The First ETH ETF As the company looks forward to the ETF launch, it will stand as the first-ever ETF investing directly on...
February 25, 2021 by Aisshwarya Tiwari at
Ethereum
Layer-2 scaling solution for Ethereum – Optimism – has found a major backer in Andreessen Horowitz. Andreessen Horowitz Leads $25 Million Round The race to become the first Layer 2 scaling solution to fix the high gas fees woes for the largest smart contracts platform is heating up. The demand...
February 24,2021 by Adeniyi Olowoporoku at Ethereum
Digital-asset investment firm CoinShares has launched an Ethereum based exchange-traded product (ETP). This will be the second ETP to be released by the firm following the launch of its Bitcoin ETP in January. Ethereum ETP Listed on Swiss SIX Exchange According to a press release from CoinShares, the Ethereum ETP...
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