Bitcoin News

Elon Musk Tweet: Tesla Accepting Dogecoin, But There Is A Catch!

Dogecoin prices spiked due to Tesla CEO’s tweet about buying Tesla merchandise with Dogecoin. However, there is a catch! Tesla states that it will not issue refunds or accept returns for purchases made in DOGE. There is no information yet on how much merch has been sold from Dogecoins. Tesla’s website stated that it won’t…

Bitcoin News

Crypto Exchange Bitfinex Tells Ontario Customers To Close Accounts After OSC Canada Cracks Its Whip

Bitfinex, the Crypto exchange, has asked its clients in Ontario to withdraw all their funds on or before March 1, 2022, reports the Cointelegraph. Consumers of Cryptocurrency exchange Bitfinex, based in the most populous exchange in Canada, will no longer access the exchange services from March 1.  The exchange has given no reason for this step….

Bitcoin News

Strike App Faces Problems In Argentina; Does Not Support Bitcoin, Claim Users

The lightning payments app Strike made quite a buzz by starting its operations in the South American country of Argentina this week. But now, it has come under criticism from many users on Twitter complaining that they cannot buy, sell, or hold bitcoin compared to strike users in other nations. Instead, it’s only supporting Tether’s…

Bitcoin News

Rio De Janeiro Plans To Buy Bitcoin With City’s 1% Reserve; Tax Discounts Also To Be Offered

Brazil’s second most populous city, Rio de Janeiro, is all set to buy Bitcoin with 1% of the city’s treasury reserves, said Eduardo Paes, the city’s mayor. Rio will be the first-ever Brazilian city to purchase crypto as a store of value if Eduardo proceeds with what he says. Breaking News: Rio de Janeiro in…

Bitcoin News

Bank of America Says Solana Could Take Market Share From Ethereum, Become the Visa of the Crypto Ecosystem

Bank of America’s analyst says that Solana could take market share away from Ethereum. Noting that Solana is optimized for micropayments, gaming, and non-fungible tokens (NFTs), the analyst expects “Solana could become the Visa of the digital asset ecosystem.” Bank of America on Crypto, Ethereum, and Solana Bank of America (BOFA) analyst Alkesh Shah published…

Bitcoin News

Vitalik Buterin Asks Twitter Followers Which Crypto They Prefer to Overtake Ethereum — Cardano, Tron Favorites

Ethereum co-founder Vitalik Buterin set up a pair of polls on Twitter asking his followers if 80% of all transactions and savings in the year 2035 are in one currency and it is not ether, which currency they would prefer it to be. He asked them to choose from a number of cryptocurrencies including bitcoin,…

Bitcoin News

Bitcoin’s Hashrate Taps New Lifetime High, BTC Price 20% Above Production Cost, Difficulty Nears ATH

Bitcoin’s hashrate has been riding high again as the processing power tapped another lifetime high on January 15, 2022, reaching 219.68 exahash per second (EH/s). The new record follows the previous all-time high (ATH) on the first day of the year, when the network’s hashrate tapped 219.5 EH/s. Bitcoin’s Hashrate Hits a Milestone, Analyst Discusses…

Bitcoin News

Stablecoin USDC’s ERC20 Issuance Surpasses USDT’s Total Supply on Ethereum

On Saturday, January 15, 2022, the market capitalization of all the stablecoins in existence is $173 billion, which represents 7.93% of the $2.18 trillion crypto-economy. The market valuations of stablecoins tether and usd coin represent 71.84% of the entire stablecoin economy’s value. This week, the current total supply of usd coin surpassed tether, in terms…

Bitcoin News

Value Locked in Defi Jumps 2.3% in 7 Days, Ethereum NFT Sales Dominate, Fantom TVL Jumps 26%

On Saturday, January 15, 2022, the value locked in decentralized finance (defi) protocols across a number of blockchains has increased from $233.95 billion since January 8, to $239.44 billion. Curve’s total value locked (TVL) dominance today is 9.76% with its $23.38 billion TVL. Meanwhile, native assets for the top nine smart contract platforms have seen…