Twitter’s Jack Dorsey Attends B Word Conference

Key Takeaways Today, Twitter and Square CEO Jack Dorsey attended “The B Word,” a virtual online Bitcoin conference. Dorsey discussed his interest in Bitcoin and expressed hope that it will become the native currency of the internet. He discussed Square and Twitter’s efforts to promote Bitcoin development without undermining its principles. Share this article Twitter and Square CEO Jack Dorsey attended “The B Word,” a virtual Bitcoin conference that took place online today. Bitcoin Is the Native Currency of the Internet Dorsey began by saying that he sees Bitcoin as…

Record network activity and a second NFT boom send WAX price higher

Just a few days before Bitcoin (BTC) price plunged below $30,000, the NFT sector was dominating headlines for the second time in 2021, led by a month-long 972% surge in the price of Axie Infinity.  Another NFT-focused protocol that has been gaining fundamental strength in recent months is Worldwide Asset eXchange, also known as WAX — a protocol that claims to “deliver the safest and most convenient way to create, buy, sell, and trade virtual items to anyone, anywhere in the world.” WAX/USDT 4-hour chart. Source: TradingView Data from Cointelegraph Markets…

Elon Musk Confirms Tesla Will Re-Accept Bitcoin

Key Takeaways Elon Musk stated today at “The B Word” that he plans for Tesla to accept Bitcoin as a form of payment once again. He also disclosed the cryptocurrencies that he personally holds, as well as Tesla and SpaceX’s corporate holdings. Finally, he discussed the issues around Bitcoin scaling and acknowledged Starlink’s role in raising internet bandwidths. Share this article Tesla and SpaceX CEO Elon Musk made an appearance at “The B Word,” a virtual Bitcoin conference that took place today. Tesla Will Take Bitcoin Payments Again Musk stated…

Elon Musk says Bitcoin may have already hit his benchmark on renewable energy

Tesla CEO Elon Musk has hinted the crypto industry is on its way towards a greener future, but the car manufacturer won’t be accepting Bitcoin payments just yet. Speaking at The ₿ Word, a virtual Bitcoin (BTC) event with Twitter CEO Jack Dorsey, Ark Invest’s Cathie Wood and moderator Steve Lee from Square Crypto, Musk said that Tesla would “most likely” consider resuming crypto payments for its vehicles — a policy the CEO said the company would be stopping in May — but said he needed to exercise diligence before…

Altcoins secure double-digit gains after Bitcoin surges toward $33K

Charts turned green as Bitcoin (BTC) price rallied to $32,858, but a number of analysts also cautioned that the market may not be out of the woods yet.  Data from Cointelegraph Markets Pro and TradingView shows that the top movers over the past 24-hours were Telcoin (TEL), Polygon (MATIC) and Axie Infinity (AXS), indicating that the recovery is widespread and not just confined to large-cap cryptocurrencies. Top 7 coins with the highest 24-hour price change. Source: Cointelegraph Markets Pro As seen in the list above, the top-performing tokens represent a…

iM Intelligent Mining Raises $2.5M to Launch First Facility in Arkansas

Share this article iM Intelligent Mining is headed to Arkansas. iM Intelligent Closes Funding Round iM Intelligent Mining (iM), a provider of environmentally responsible energy solutions for powering cryptocurrency mining operations, has announced the conclusion of a $2.5 million financing round. iM didn’t name entities involved in the growth funding round, but the list of investors included several prominent individuals and crypto funds. Looking to seize on the moment, iM revealed plans to launch its first mining facility in Arkansas. The company has already completed its newest prototype for the…

Crypto mining firm Argo Blockchain files for US IPO

Argo Blockchain, a U.K. publicly traded company focused on crypto mining, has begun the process of applying for an initial public offering in the United States. According to a confidential draft registration statement filed Tuesday with the U.S. Securities and Exchange Commission, or SEC, Argo has proposed a dual-listing and initial public offering of American Depositary Shares, expected to occur in the third quarter of 2021. The company said the timing could depend on the SEC completing its review process and other conditions in the market. Argo said the number…

Dogecoin Looks Primed to Enter New Rally

Key Takeaways Dogecoin has seen its market value drop by more than 77% over the past three months. The meme coin appears to be bound for an explosive rally. If buy orders continue to pile up, DOGE could target $0.34. Share this article Warren Buffett’s famous quote about being “greedy when others are fearful” seems to be alive in the cryptocurrency market. While the Crypto Fear and Greed Index sensed “extreme fear” in the markets, Dogecoin has surprised investors as it enters a nearly 80% rally.  Dogecoin Breaks Out Dogecoin…

Bitcoin price hits $32K but derivatives metrics still show signs of weakness

There’s no doubt that the last couple of months have been bearish for Bitcoin (BTC), but throughout this entire period, derivatives indicators have been relatively neutral. This could be because cryptocurrencies have a strong track record of volatility, and even 55% corrections from all-time highs are expected. After two months of struggling to sustain the $30,000 support and finally losing it on July 20, the futures premium and options skew turned bearish. Even PlanB’s stock-to-flow valuation model was not expecting prices below $30,000 for the current month. The model uses…