Category: Bitcoin News

Theta, Aavegotchi (GHST) hit new highs as Bitcoin price chases after $50K

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Bitcoin (BTC) bulls appear to have found their momentum as BTC price reclaimed the $49,000 level within the last hour. On March 2 the price dropped as low as $47,000 but currently, BTC is trading above the 20-day moving average. Bulls are likely to make another attempt at flipping the $50,000 resistance to support and a sustained high volume spike could send the price to $52,000 where a daily close would confirm that bulls are back in the driver’s seat.    Daily cryptocurrency market performance. Source: Coin360 Even though Bitcoin…

Vitalik proposes solution to link certain layer-two scaling projects

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In an ongoing effort to battle escalating transaction fees while creating a unified ecosystem, Ethereum co-founder Vitalik Buterin has proposed a solution for a particular type of cross-rollup scaling. The proposal outlines how two protocols using rollups can communicate with each other while maintaining interconnectivity and composability. Rollups are layer-two solutions that are essentially smart contract networks that process and store transaction data off the main chain. However, there are a number of different rollup types, with each using unique smart contracts such as optimistic and zero-knowledge. While a number…

DeFi token CRV spikes after reports PayPal acquired unrelated custody firm Curv

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Excitable speculators mistakenly rushed to invest in the native token of decentralized finance protocol Curve Finance (CRV) after reports emerged that payments giant PayPal has acquired the unrelated Israel-based crypto custody firm, Curv. News of PayPal’s Curv acquisition was reported on March 2, with the publications citing anonymous sources “familiar with the matter.” Israel-based media has reported the company may have been sold for between $200 million and $300 million. Within an hour of the news breaking, Curve’s CRV token had rallied by more than 10% as opportunistic traders raced…

Ethernity Chain partners with BossLogic to launch exclusive NFT auction

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Ethernity Chain, a community-oriented NFT platform, is partnering with graphic artist BossLogic to launch an exclusive line of tokenized art pieces for the community.  Under the new agreement, BossLogic will create 2,500 NFTs exclusively for the Ethernity Chain network. Each NFT will be priced at 0.299 ETH. The competition begins Mar. 7, with winners to be notified via email. To participate in the competition, users must follow Ethernity Chain and BossLogic on Twitter and join the Ethernity Chain Telegram and ANN channels. Users must also retweet the BossLogic announcement, tag…

Unibright (UBT) price soars after DeFi staking and enterprise-level partnerships

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As Bitcoin (BTC) and Etheruem (ETH)  gain legitimacy in top financial circles that will eventually help digital currencies mainstream, projects that offer enterprise-level blockchain solutions are also gaining attention from the corporate sector and investing class. Sold as one of the next technological breakthroughs that will revolutionize the current digital landscape and usher in a new era of decentralization, businesses and corporations have already shown immense interest in how blockchain technology can be integrated into their operations to help save money and increase efficiency. One project that has a focus…

Gensler sticks up for Bitcoin before Congress, but doesn’t say much new

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Today, the Senate Banking Committee held its first hearing on the nomination of Gary Gensler to chair the Securities and Exchange Commission. The role will have major influence on the future of crypto regulation, as the SEC has been a chokepoint for major areas like the status of initial coin offerings, approval of new exchange-traded funds, and crypto firms going public.  In his appearance before the committee, however, Gensler was evasive about any specific changes he would make to the SEC’s crypto policy. He supported prior decisions, like Bitcoin’s exclusion…

You can now buy a used Hyundai, not just a Lambo, with Bitcoin

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HGreg, a Quebec-based vehicle superstore with 30 North American locations, will begin accepting cryptocurrency payments for new or preowned vehicles this month.  The auto dealer, which has locations in Quebec and Florida, is becoming one of the first large automotive groups to accept digital asset payments in its day-to-day operations. The company claims to have sold 500,000 vehicles over the past 25 years and maintains a warehouse in Miami that’s stocked with over 1,000 cars. “A portion of the revenue from sales made in cryptocurrency will be kept in this…

Sony Europe joins Theta blockchain validator program

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Sony’s European subsidiary is the latest company to join the validator program of the Theta Network, a decentralized blockchain-based video protocol. Sony Europe’s research and development group, the Center Europe Brussels Laboratory, has joined Theta’s enterprise validator and governance council program, the company announced Tuesday. As part of the development, Sony will operate an enterprise validator node located in Europe to validate network transactions on Theta’s proof-of-stake consensus protocol. Sony Europe will also act as a member of the governance council to participate in strategic technology planning and ensure the…

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