BitcoinBreaking - Your source for CryptoNews

22 May 2021 20:55

British Member of Parliament: Ethereum Will Flip Bitcoin

British MP Tom Tugendhat is bullish on Ethereum. He also called for a regulatory sandbox for crypto.

In brief

▪️British MP Tom Tugendhat is bullish on Ethereum.

▪️He is confident that “the flippening” will happen.

▪️To encourage innovation, he vows to campaign for a regulatory sandbox for crypto in the UK.

✍By Ekin Genç✍

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22 May 2021 08:54

Bitcoin ETFs in Canada Hit by ‘Market Disruption’ Amid Crypto Crash

Horizon's Bitcoin ETFs in Canada struggled to fill orders from investors due to the rapid market sell-off.

In brief

▪️Bitcoin’s price crashed again this week.

▪️Some of Canada’s popular Bitcoin ETFs struggled because of this.

✍By Mathew Di Salvo✍

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21 May 2021 18:42

1inch brings DeFi for iOS users 🚀

Dex aggregator 1inch expanded its impact on DeFi space by launching a wallet for iOS integrated with iCloud and Apple Watch.

In brief

▪️ Everyone can swap tokens at the best rates in DeFi, using familiar settings and aggregation functionality for the Ethereum, as well as Binance Smart Chain networks .

▪️ Users get access to 50+ sources for swaps on Ethereum and 30+ on BSC.

✍️By Liam Frost✍️

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21 May 2021 10:52

Bank of Canada: Intrinsic Value of Bitcoin, Ethereum 'Hard to Establish'

Canada's central bank today issued a stark warning about “high-risk” assets like Bitcoin and Ethereum.

In brief

▪️Canada’s central bank has warned about “high-risk” assets like Bitcoin in a new report.

▪️The Bank of Canada sees cryptocurrencies as a threat.

✍By Mathew Di Salvo✍

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20 May 2021 12:52

Millions of Dollars in Bitcoin 'Incorrectly Credited' to BlockFi Customers

Crypto lending platform BlockFi is in hot water after crediting clients with Bitcoin by accident in a promo campaign gone wrong.

In brief

▪️In a promo gone wrong, BlockFi has mistakenly deposited large amounts of Bitcoin to user accounts.

▪️The company is now trying to reverse the transactions, reportedly threatening legal action against users who withdrew excessive amounts.

✍By Andrew Asmakov✍

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19 May 2021 20:44

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19 May 2021 16:57

Ethereum Network Revenue Set to Smash Monthly Record of $722 Million

Q2 is also on track to beat Q1 transaction revenue before the end of May.

In brief

▪️Transaction revenue, in dollars, is a product of transaction fees and Ethereum price.

▪️Revenue is high due to demand for the network and record ETH prices.

▪️The revenue model is due to shift in coming months, with EIP-1559 and Ethereum 2.0.

✍By Jeff Benson✍

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19 May 2021 09:56

Colonial Pipeline Hackers DarkSide Nabbed Over $90M in Bitcoin

The hacking group behind this month’s ransomware attack reportedly took in more than $90 million across dozens of ransom payments.

In brief

▪️Ransomware group DarkSide reportedly received more than $90 million worth of Bitcoin as ransom payments.

▪️DarkSide’s software was used in this month’s Colonial Pipeline attack, although the group claims to have shuttered since.

✍By Andrew Hayward✍

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18 May 2021 15:28

Elon Musk Tweets Send Bitcoin Down 16% to $42K in Weekend Slide

The Tesla CEO clarified that the automaker has not sold any of its Bitcoin holdings, halting the cryptocurrency’s downward spiral.

In brief

▪️Bitcoin's price has continued to slide following Tesla CEO Elon Musk's U-turn on the cryptocurrency.

▪️Musk has stated that Tesla "has not sold any Bitcoin".

✍By Scott Chipolina✍

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17 May 2021 17:36

Ethereum Devs Have Calculated How to Defuse the 'Difficulty Bomb'

Ethereum core developers have a bomb to tackle this summer. If untreated, that would severely slow down the network.

In brief

▪️Ethereum’s encoded difficulty bomb is set to explode this summer.

▪️Tim Beiko and James Hancock, Ethereum core developers, told Decrypt the team will delay the bomb to December.

▪️That might be the last time the developers ever need to take that action.

✍By Ekin Genç✍

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17 May 2021 15:36

As Cardano Price Hits ATH, Founder Pitches Coin to Mark Cuban

Cardano’s creator recorded a video primer for the billionaire entrepreneur.

In brief

▪️Cardano hit an ATH today.

▪️Some of Mark Cuban’s many followers have asked him for his opinion.

▪️Cuban’s ready to be educated. Cardano founder Charles Hoskinson is ready to teach.

✍By Tim Hakki✍

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16 May 2021 20:48

Argentina Orders Crypto Exchanges to Give Monthly Reports on Users

As Argentina attempts to halt the devaluation of its national currency, government authorities have crypto users on their radar.

In brief

▪️Argentina has taken steps in recent months to regulate the crypto industry.

▪️The moves come as the country tries to fight capital flight.

✍By Jeff Benson✍

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16 May 2021 11:47

Mr. Coinbase Goes to Washington (Again)

Coinbase CEO Brian Armstrong called for regulatory clarity and a safe harbor.

In brief

▪️Coinbase's CEO and founder has gone to Washington.

▪️The response so far has been mixed, he said.

▪️He called for regulatory clarity.

✍By Robert Stevens✍

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15 May 2021 21:38

Crypto Market Reacts to Binance IRS Investigation by Shedding $150 Billion in an Hour

Bitcoin and Binance Coin got pummeled after publication of a report that Binance is being investigated by the US Department of Justice.

In brief

▪️Crypto markets continue to slide.

▪️Bitcoin has now shaved about 25% off last month's all-time high.

✍By Jeff Benson✍

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15 May 2021 13:38

IndyCar 500 Racer to Drive in Bitcoin Livery

Rinus VeeKay's No. 21 Chevrolet will carry the Bitcoin logo in the 105th Indianapolis 500 race.

In brief

▪️Ed Carpenter Racing driver Rinus VeeKay's No. 21 Chevrolet will sport Bitcoin livery in the 105th Indianapolis 500.

▪️The sponsorship deal will see payments and remittances app Strike fundraise through a "peer-to-peer contribution model".

▪️The funds raised will go towards open-source Bitcoin development and local Indianapolis charities.

✍By Stephen Graves✍

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22 May 2021 17:54

Elon Musk: Lightning Can Solve Bitcoin’s Scaling Problem

For the Tesla and SpaceX CEO, Bitcoin is too slow, expensive and power-hungry to thrive. He thinks a five-year-old Bitcoin payments protocol is the way forward.

In brief

▪️Elon Musk wants Bitcoin to scale up.

▪️The Tesla chief is a proponent of the Lightning Network.

✍By Ekin Genç✍

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21 May 2021 19:52

Chinese Bitcoin Firm to Invest $25M in Texas Mining Center

BIT Mining Limited has announced an investment into a crypto mining data center in Texas. 

In brief

▪️Chinese BTC mining outfit Bit Mining has invested millions in a new mining center in Texas.

▪️The mining ecosystem is fast-growing in the U.S. but still lags behind China.

✍By Scott Chipolina✍

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21 May 2021 16:52

Crypto-Friendly Investing App Trade Republic Raises $900 Million

Berlin-based fintech firm Trade Republic is now valued at $5.3 billion after raising $900 million in a Series C round led by Sequoia Capital.

In brief

▪️Trade Republic has raised $900 million, bringing the Berlin-based fintech startup's valuation to over $5 billion. 

▪️The new capital will be used to hire new talent and to expand the company’s services to more European markets. 

✍By Andrew Asmakov✍

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20 May 2021 17:23

Bitcoin Has Nearly Halved in Value Since Coinbase Went Public

Bitcoin has lost almost half its value since the day Coinbase went public, and other cryptocurrencies are in freefall too.

In brief

▪️Bitcoin has fallen by almost half since Coinbase debuted on the Nasdaq last month.

▪️Other cryptocurrencies are also in the red as the crypto industry witnesses a major market crash.

✍By Scott Chipolina✍

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20 May 2021 08:52

NVIDIA Isn't Done Making Graphics Cards ‘Less Desirable’ for Ethereum Miners

The graphics card maker is a key cog in both Ethereum mining and the video game industry. But there aren't enough of its products to go around.

In brief

▪️NVIDIA makes graphics cards.

▪️It's asserting that its GeForce product line is for video games, not cryptocurrency mining.

✍By Jeff Benson✍

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19 May 2021 18:57

Coinbase to Raise $1.25 Billion in Bond Sale Just 1 Month After Going Public

The move comes just weeks after Coinbase went public via a direct listing that did not see it issue new shares.

In brief

▪️It's not clear if Coinbase intends to use any of the proceeds for crypto purchases.

▪️The bonds are convertible notes, which let buyers trade them from Coinbase stock.

▪️Coinbase stock is at an all-time low.

✍By Jeff John Roberts✍

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19 May 2021 13:56

Tesla Rival Fisker Won't Buy or Accept Bitcoin Anytime Soon: CEO

Bitcoin’s energy-intensive nature contradicts Fisker’s plan to create the “world’s most sustainable vehicles,” its CEO said.

In brief

▪️EV manufacturer Fisker, Inc will not invest in Bitcoin, or accept it as a payment method, its CEO Henrik Fisker said yesterday.

▪️Rival EV firm Tesla recently backtracked on its decision to accept Bitcoin for payment, citing environmental concerns.

✍By Liam Frost✍

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18 May 2021 18:28

Galaxy Digital Claims Banks Use More Than Double The Energy of Bitcoin

Digital assets firm Galaxy Digital has published a report claiming that Bitcoin is more than twice as green as the international banking system. 

In brief

▪️Galaxy Digital has released a report comparing the energy consumption of Bitcoin and traditional finance.

▪️Though the results favor Bitcoin, some of the data points are far from conclusive.

✍By Scott Chipolina✍

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18 May 2021 08:28

Bitcoin’s Largest Mining Pools Are Now Pushing for Taproot Upgrade

Support for Taproot, Bitcoin’s much-awaited upgrade, has reached 64% after all 10 of the largest mining pools began signaling their support.

In brief

▪️As more mining pools signal for Taproot activation, the support for the Bitcoin upgrade is increasing.

▪️However, the current signaling ratio is still below the required 90% threshold.

✍By Andrew Asmakov✍

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17 May 2021 16:46

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17 May 2021 10:35

Bitcoin Market Dominance Falls to Lowest Level Since Mid-2018

A turbulent week for crypto pushes Bitcoin’s market dominance to its lowest level in three years.

In brief

▪️Bitcoin’s market dominance fell to 40.2% this week.

▪️Its peak dominance this bull run was 69.7% on January 4.

▪️Ethereum, Bitcoin’s closest competitor, dominates 19.3% of the market.

✍By Ekin Genç✍

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16 May 2021 16:48

A 'War on Rugs' Has Been Declared Against Ethereum Creator Over SHIB Transfer

To get back at Ethereum co-founder Vitalik Buterin, a crypto scam watchdog group has created a token that dumps ETH for rival BNB.

In brief

▪️Ethereum co-founder Vitalik Buterin incensed Shiba Inu token holders by getting rid of his holdings.

▪️The market for SHIB collapsed.

▪️Now, one group wants to collapse the market for ETH.

✍By Jeff Benson✍

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16 May 2021 08:47

Fossil Fuelled-Bitcoin Miner Greenidge Commits to Offset Emissions

The gas-powered Bitcoin mining plant will go fully carbon neutral next month.

In brief

▪️Greenidge currently uses natural gas in its Bitcoin mining operation.

▪️On Friday it announced it is committed to attaining 100% carbon neutrality.

▪️It’s hoping to achieve this through carbon offsetting.

✍By Tim Hakki✍

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15 May 2021 18:38

Coinbase to Add Dogecoin in Next 6-8 Weeks

Coinbase CEO Brian Armstrong delivered some good news for Doge enthusiasts on a Thursday earnings call.

In brief

▪️Coinbase will add Dogecoin in the next few weeks

▪️CEO Brian Armstrong announced the news on an earnings call

✍By Jeff John Roberts✍

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15 May 2021 08:37

FTX and Circle Partner to Improve USDC Stablecoin Support

FTX ups its stablecoin support through a partnership with Circle.

In brief

▪️Cryptocurrency exchange FTX has teamed up with crypto payments company Circle to extend its stablecoin offering, adding additional support for USD Coin (USDC).

▪️USDC, jointly created by Circle and cryptocurrency exchange Coinbase, is a dollar-pegged stablecoin, valued at $1 USD at all times.

✍By Ekin Genç✍

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