Crypto Markets Regain Billions, Bitcoin Price Bounces Back 15%, Analyst Says ‘Resurgent Mood In the Air’

The price of bitcoin and a number of digital assets saw significant gains on Monday, as the entire market capitalization of the crypto economy has gained 2.4% in the last 24 hours. Bitcoin’s value passed the psychological $50k zone after hitting a low of $43,021 the day prior on Sunday. Bitcoin (BTC) touched a high on Monday, March 1, at $50,244 per unit at around 7:26 p.m. (ET). At the time of publication, BTC’s overall market valuation is around $926 billion and there’s $22.83 billion in global trade volume. The…

Read More

BSN and TON Labs to Provide Chinese Developer Community With Unique TON Technology

Thanks to TON Labs, BSN will now be able to produce real-life applications that require a scalable backend and use cases in compliance with China’s regulatory framework while still using an inherently decentralized network to do so. China’s Developers Gain Access to TON Technology China’s Blockchain-based Service Network (BSN) and TON Labs announced today that they have struck a partnership agreement to provide China’s developers with access to TON Technology through BSN’s Open Permissioned Blockchain (OPB) Initiative in order to build applications and create use cases in compliance with Chinese…

Read More

BTC Balance Sheets: 42 Companies Hold 1.3 Million Bitcoin Worth More Than $65 Billion

Since the company Microstrategy shifted a lot of its treasury reserves into bitcoin, a great number of companies have followed the firm’s lead. According to the web portal, bitcointreasuries.org, data shows that 42 companies are now represented on the list and the businesses hold more than $65 billion worth of bitcoin. The Corporate Bitcoin Stash- 6.43% out of the 21 Million Capped Supply It has become a trend to add bitcoin (BTC) to a company’s balance sheet and the company Microstrategy invoked the trend when the business purchased $250 million…

Read More

Hyperbitcoinization’s Small Minority: Economist Says Bitcoin’s Growing Success Will Lead to Perverse Consequences

Last Sunday, the price of bitcoin touched an all-time price high at $58,354 per unit and surpassed a $1 trillion market capitalization. Bitcoin’s value has dipped since then, but the decentralized crypto asset’s market still captures a large $900 billion valuation. On February 26, the director of the Economic and Social Research Council (ESRC) warned that bitcoin’s growing value and success may lead to a technocratic dystopian society that rivals “the kings and emperors that ruled over empires in centuries past.” Hyperbitcoinization: ‘A Voluntary Transition From an Inferior Currency to…

Read More

Defi on Bitcoin Cash Gets a Boost- Smart Money Startup General Protocols Raises $3 Million from Investors

On March 1, the startup General Protocols announced the company has raised $3 million in a Series A financing round led by a number of strategic investors. General Protocols is the firm behind the Anyhedge protocol, the first decentralized finance (defi) project built on the Bitcoin Cash network. ‘The Untapped Power Behind the Concept of Programmable Money’ The company General Protocols has revealed on Monday the startup has completed a Series A financing round that was funded by a number of investors. News.Bitcoin.com has reported on General Protocols on a…

Read More

Decentralized Storage Market Launches on Crust Network

PRESS RELEASE. Decentralized storage is a crucial infrastructure in the technical field. With the Filecoin mainnet launch in October of 2020, Filecoin and IPFS are now leading the decentralized storage field. One of the star projects of the IPFS/Polkadot ecosystem, Crust Network proposes to implement key concepts of Filecoin based on the Substrate technical framework within the Polkadot ecosystem, and also address several design and technical issues of Filecoin. After several rounds of internal testing, Crust Network has launched its Decentralized Storage Market on Crust Apps and opened storage functions…

Read More

Stablecoin Issuer Tether Says It Is a Victim of a 500 BTC Ransom Demand Infoleak Threat

Just days after the conclusion of its long-running feud with the Office of the Attorney General of New York, Tether says it is now a victim of an extortion attempt. According to the stablecoin issuer, the blackmailers are threatening to release documents they claim “will harm the bitcoin ecosystem” if their demand for the payment of 500 bitcoins is not met. Tether Not Paying the Ransom However, in its statement dismissing the threat, Tether says the blackmailers were attempting to extort money using “forged documents.” According to Tether, the documents…

Read More

Spanish Court Orders the Investigation of Possible ‘Computer Fraud’ on Bittrex Exchange After a User Loses 1.3 BTC

A Spanish Court has issued an order compelling a division within the country’s police to investigate the possible existence of “computer fraud” on the Bittrex cryptocurrency platform. The order was issued following the filing of a complaint by a Tenerife based Bittrex user who claims to have lost 1.3 BTC (or $58,000) that was stored on the exchange platform. Cybercriminals Blamed According to a Spanish media report, the unnamed user’s problems started when initial attempts to access his funds were unsuccessful. However, after gaining access some 48 hours later, the…

Read More