JPMorgan sees higher BTC price potential, a16z unveils $4.5 billion crypto fund and PayPal hints at more crypto involvement: Hodler’s Digest, May 22-28

Cardano Creator: Some Bitcoin Maximalists Are Trying to Get PoS Cryptoassets Banned

On Thursday (May 26), Charles Hoskinson, who is Co-Founder and CEO of IO Global (aka “IOG”, formerly known as “IOHK”), the company responsible for Cardano’s research and development, talked about his recent trip to Washington, DC. After meeting various members of the U.S. Congress, he streamed live on his YouTube channel to update the crypto community in general […]

Crypto Miners Account for Over 2% of Electricity Consumption in Russia, Estimate Suggests

The share of crypto miners in Russia’s power consumption structure already exceeds 2%, according to a new government estimate. On this backdrop, the country’s industry ministry believes it’s time to bring the sector out of the shadows and regulate it. Crypto Miners Burn More Electricity Than Russian Farmers Miners extracting digital currencies account for more […]

Texas Senator Ted Cruz Wants His State To Become an ‘Oasis’ for Bitcoin

Ted Cruz, a Republican senator from Texas, hopes that his state will become the epicenter “oasis” for Bitcoin and crypto.  Speaking during a keynote address at conservative think tank the Heritage Foundation, Cruz said that he believes in Bitcoin. The event was titled “Bitcoin and the American Experiment”. The mission of the Heritage Foundtion is […]

MicroStrategy CEO on Bitcoin: “I’ll Be Buying at the Top Forever”

On Friday (May 27), Michael J. Saylor, Co-Founder, Chairman, and CEO of Nasdaq-listed business intelligence company MicroStrategy Inc. (NASDAQ: MSTR), shared his latest thoughts on Bitcoin. It is worth remembering that on 11 August 2020, MicroStrategy announced via a press release that it had “purchased 21,454 bitcoins at an aggregate purchase price of $250 million” to use as a “primary […]

Crypto Is Getting Huge in Cuba

Cuba is becoming a major haven for cryptocurrency use thanks to people like Alex Sobrino, who recently launched Cuba Cripto, one of the island’s first digital currency groups. Cuba Is Becoming a Nation of Crypto Hounds Cuba is a hard nation to pinpoint in that it is a communist country that has long placed heavy... The post Crypto Is Getting Huge in Cuba appeared first on Live Bitcoin News.

Bitcoin price action decouples from stock markets, but not in a good way

Conflicting Bitcoin derivatives data shows leverage traders bullish, while pro traders fear a deeper correction below $29,000.

Bored Ape and Cryptopunk Values Wobble — During the Last Month, Blue-Chip NFT Floor Values Dropped Over 50%

While the crypto economy has dropped considerably in value during the last few weeks, seven-day statistics indicate non-fungible token (NFT) sales are down 17.32% lower than last week. Data also shows NFT floor values have tumbled a great deal during the past month as some of the most popular NFTs are selling for a lot […]

Rose Namajunas Earns $30K Crypto Bonus for UFC Performance

Rose “Thug” Namajunas – the former strawweight champion of the Ultimate Fighting Championship (UFC) – has become one of the first major fighters to earn a large crypto-based bonus for her work in the octagon. Rose Namajunas Garners Solid Crypto Bonus The strange thing is that her recent fight is being labeled by many fight... The post Rose Namajunas Earns $30K Crypto Bonus for UFC Performance appeared first on Live Bitcoin News.

Hedge Fund Legend Alan Howard Using ‘Highly Diversified’ Investment Strategy for Crypto

Hedge fund manager Alan Howard revealed that he is investing broadly across the crypto industry, including in several new projects.  Speaking in an interview with The Block, Howard, who is a co-founder and CEO of European hedge fund management company Brevan Howard, first began investing heavily in crypto startups in late 2020. Howard revealed that […]