BITCOIN

The most hype discussion recently in Crypto(maybe even beyond crypto ) is not Btc reaching $60k or $2500 Eth, but Dogecoin which was abandoned by the founder, but went crazy on Reddit with over 1 million active users. Dogecoin as the synonymous to“pathway to financial freedom”went up hundreds times within months and hit record daily rise of 150% shocked everyone that read news. This was the use-to-be crypto market and draws many Bitcoin holder to switch position to Dogecoin.   It is hard to imagin crypto without hard cap could…

With the rapid development of mobile Internet, 5G, Internet of Things, artificial intelligence and other technologies, data has exploded, and countless data are continuously generated, collected and processed everywhere. Accordingly, the markets of cloud storage, cloud computing and distributed edge computing are growing rapidly. Market reports from IDC, GrandView, Garnter and other institutions have clearly described this trend. On April 20, 2020, the National Development and Reform Commission held a press conference. The new infrastructure mainly includes three aspects, namely, information infrastructure, converged infrastructure and innovative infrastructure. Among them, data…

Just a few weeks after after raising funds at a reported $2.6 billion valuation, Dapper Labs, responsible for the high-flying digital collectibles platform NBA Top Shot, is raising more money but is now being valued at more than $7.5 billion , according to The Information. Citing a person with direct knowledge of the talks, the report said the new round is being led by Coatue Management, which led the previous round. Coatue is led by billionaire investor Philippe Laffont. Three-year old Dapper’s value is exploding along with the demand for non-fungible tokens…

To those of us who have been in the industry for a long time, Dogecoin has always been an oddity: A project that has exceptional approachability and appeal to new users while lacking most of the characteristics that make cryptocurrencies useful or valuable. Created in 2013 by Jackson Palmer and Billy Markus, the project was abandoned years ago by its founders and developers, if not its fans. Until recently, it was in such a weak state that it couldn’t even power its own blockchain infrastructure and in 2014 hitched its…

Coinbase insiders and early investors sold about $5 billion in shares in total during the leading cryptocurrency exchange’s first day of trading on the Nasdaq earlier this week, according to series of filings made Friday with the U.S. Securities and Exchange Commission (SEC). CEO Brian Armstrong sold 749,999 shares in three batches at prices ranging from $381 to $410.40 per for total proceeds of $291.8 million, according to one filing. While a Coinbase representative declined to comment due to the company being in a so-called “quiet period,” based on filings made before the listing, it…

Bitcoin fell sharply on Sunday, dipping well below the 50-day simple moving average (SMA) support for the first time in six months. While the decline looks typical of a bull market correction, it could be extended further if prices find acceptance under the 50-day SMA, according to one analyst. “The loss of [bullish] momentum is only short-term in nature, but we would view consecutive closes below the 50-day SMA as a reason to move to the sidelines,” Katie Stockton, technical analyst and managing partner of Fairlead Strategies, told CoinDesk in…

Call it the recipe for perfect market meltdown: Take a dubious tweet about an unconfirmed U.S. investigation of financial institutions using crypto to launder money, a report that doesn’t appear to have come from Bloomberg, Dow Jones, Reuters or any other reputable news service. Take that tweet and sprinkle it throughout the cryptoverse. Shake vigorously. Add a new CNBC tweet about a month-old Reuters report regarding a coming crypto ban in India. Let marinate until fully absorbed, about 30 minutes. Next fold in several (now-deleted) tweets that incorrectly implied that the Coinbase CEO had sold…

Bitcoin nosedived to three-week lows early Sunday, puncturing the frenzied speculative bubble built into several alternative cryptocurrencies (altcoins) in the wake of Coinbase’s recent debut on Nasdaq. The biggest cryptocurrency by market value dropped from roughly $60,000 to $52,148 in 15 minutes during the Asian session, liquidating almost $4 billion worth of positions in the derivatives market, according to Messari’s Ryan Watkins. While the exact reason for the sudden crash is unknown, the market mood may have soured due to rumors that the U.S. Treasury is planning to charge several financial institutions for money laundering using…

There’s now more of the dollar-linked stablecoin tether (USDT, +0.02%) on the Tron blockchain than on Ethereum, data from Coin Metrics shows, possibly a sign that crypto traders are favoring the network’s lower transaction fees. Source: Coin Metrics As of April 14, the total market capitalization of tether (USDT) on Tron was $24 billion, versus $23.4 billion on Ethereum. “As the popularity and adoption of cryptocurrency and blockchain continue to grow, we expect USDT to continue to explode in popularity” Justin Sun, founder of Tron and CEO of BitTorrent, said in a press release….