Business

German Neobank Offers Bitcoin Accounts With 4.3% Interest

[ad_1] All 80,000 users of German neobank Bitwala can now purchase, hold and earn interest on Bitcoin (BTC) in their bank accounts thanks to a new partnership with cryptocurrency lending platform Celsius Network. According to defiprime.com, Bitwala is the first classic fiat bank to offer interest for holding Bitcoin in their account, with three other DeFi DApps offering similar products. While the DeFi products have higher rates, up to 8.6% per
Business

Risk of Dramatic Ether Sell-Off Grows With Longs at Record Highs

[ad_1] With anticipation growing for Ethereum’s long-awaited ETH 2.0 revamp, Ether long positions have gone parabolic on Bitfinex since February.But with short positions also growing, and co-founder Vitalik Buterin withdrawing last week’s confident prediction of a July launch, the bullishness has also increased the risk of a violent sell-off.Ether long positions go parabolicLong positions have been breaking new record highs ever since charting above 600,000 in February, rising by another
Business

Bitcoin Cash and BSV Hash Rates Surge Following BTC Halving

[ad_1] The Bitcoin Cash and Bitcoin SV hash rates have recovered following a dramatic fall after their halvings in April, as the Bitcoin hash rate declined since the May 11 halving.According to bitinfocharts, Bitcoin Cash’s hash rate increased more than 90%, from 1.43 Exahashes/second (EH/s) on May 10 to 2.74 EH/s on May 13. The hash rate of BSV also grew from 1.1 EH/s to 1.78 EH/s.BCH and BSV pre-halving
EXCHANGES

Crypto Criminals Are Still Trying to Dump Thousands of Ethereum From a 2019 Hack

[ad_1] In November, Upbit, a popular Korean crypto asset exchange, lost $50 million worth of Ethereum, 342,000 ETH coins, from the exchange hot wallet in a seeming hack. It was then one of the biggest crypto hacks in months, making the news around the world as mainstream media outlets covered the story. While attempts have seemingly been made to reclaim some of the stolen ETH, some of it remains out
Business

Spotify-like Subscription Model Proposed For Collateral Payments

[ad_1] A new blockchain protocol funded by Web 3.0 Foundation promises to reduce collateral requirements in DeFi and cross-chain applications.Interlay received a grant from the foundation to build a bridge between Polkadot and Bitcoin (BTC). The latest paper to come out from this project, “Promise: Leveraging Future Gains for Collateral Reduction”, proposes a new protocol .Alice & Bob engage in ongoing relationshipThe easiest way to explain how Promise works is
EXCHANGES

More Than $220M in Bitcoin Withdrawn from Crypto Exchanges Since the Halving

[ad_1] In mid-April, news.Bitcoin.com reported on a great number of BTC withdrawn from cryptocurrency trading platforms and after the third BTC halving, the trend has picked up once again. Data from Glassnode’s Bitcoin Exchange Net-Flow statistics show that close to 24,000 BTC has been withdrawn since May 11. Additionally, statistics from Bituniverse’s exchange reserve data indicate the same, but withdrawals are only affecting certain exchanges. Crypto Exchange Bitcoin Withdrawals Grew
EXCHANGES

Bitcoin Just Established a Foothold Above $9,000: Here’s What May Come Next

[ad_1] In the three days after Bitcoin plunged 15% in an hour from $9,700 to $8,100, the cryptocurrency was stuck in a holding pattern, trading between $8,100 and $8,800. But just today, BTC finally broke out, passing the key psychological resistance of $9,000 as buyers entered the market. Now, as of the time of this article’s writing, Bitcoin is changing hands for $9,350, having peaked just dollars above $9,400 a
EXCHANGES

Bitcoin Just Broke Its Short-Term Downtrend; Here’s How High It Could Rally

[ad_1] Bitcoin was finally able to recapture its position above $9,000 after an extended period of trading beneath this level The cryptocurrency now appears to be gearing up for a big push higher as it maintains a firmly bullish market structure This bullishness could be further bolstered by its recent ability to break above a descending trendline that had previously been guiding it lower After making multiple attempts to break
BLOCKCHAIN

Enterprise Blockchain Market Will Hit $21.07 Billion By 2025, Says Fortune Business Insights

[ad_1] A new study from Fortune Business Insights, a company offering market studies and consulting services, estimates the blockchain technology market will reach $21 Billion by 2025, according to GlobeNewswire’s report on May 12.  It stated that: “The blockchain technology market size stood at USD 1.64 billion in 2017, and is projected to reach USD 21.07 billion by the end of 2025 [...] exhibiting a CAGR of 38.4% during 2018-2025.”Reasons behind the
BLOCKCHAIN

China’s Central Bank Wants to Speed Up Blockchain Adoption

[ad_1] The People’s Bank of China, or PBoC, Financial Technology Committee held its first meeting of the year this week. During the meeting, the central bank’s deputy governor, Fan Yifei, urged that the country’s blockchain adoption strategy be accelerated.According to a report released by Sina on May 13, the bank’s deputy governor met with both PBoC officials and the heads of their affiliated financial companies. During the talks, Fan highlighted