Hathor Network, $HTR Live on KuCoin, Has Just Released Exciting News: The Detailed 2021 Roadmap

Hathor Network, $HTR Live on KuCoin, Has Just Released Exciting News: The Detailed 2021 Roadmap

press release PRESS RELEASE. Hathor Network ($HTR, live on KuCoin) has just released exciting news: The detailed 2021 Roadmap. Community projects are a priority and growing, especially with Hathor CEO Yan Martins having recently emphasized the relevance of Asian business development, with strong focus on Southeast Asia, China and Japan. Hathor has proven to be a very supportive platform, having brought forward announcements about kickstarting a grants program for developing use cases. Currently, focus has been on HathorSWAP and other tokens that get easily built on HTR wallet platform, also incentivizing users to HODL. Moving forward to Q2, testnet and implementation of Nano Contracts are becoming a reality, which is perhaps the most highly anticipated feature amongst the HTR user base. As Hathor states “This will be prototypes season!”; new features and several product launches will truly unleash the potential for easy tokenization capabilities and cross-chain settlements becoming faster, safer and cheaper through the use of HTR NET, leading Hathor CEO Mr. Martins to state that Hathor can potentially assist the Ethereum network to deal with its excessive gas fees and delays, in other words, unclogging the transactional bottlenecks. There is significant synergy in this matter, as well regarding the recently announced partnership with Switzerland-based venture HOPR, which brings data privacy technology and fresh transactional volume to HTR NET. During this time Hathor is also researching and developing how to involve and incorporate DEFI and NFTs, which they see are both crucial and exciting pieces of any layer 1s network product offering. On a structural note regarding scalability, Hathor is based on SHA 256 and allows BTC oriented hardware to perform merge mining without jeopardizing the operation or production output by using their side-DAGs approach. So, it’s a win-win for SHA 256 Miners as well as the HTR user base. Ample hashing power capacities and $HTR token rewards manage to motivate miners, which therefore bring users quick transactions with no fees due to the novel side-DAGs architecture Hathor built on the SHA 256 algorithm. The $HTR mining ecosystem is strong for more than a year now, and will increase soon, as recently Hathor CEO has announced an agreement is taking shape with a major data center in Central Asia, again, another nod to Asian relevance…

Golem (GLM) price rallies 230% to hit a 3-year high after protocol upgrade

Golem (GLM) price rallies 230% to hit a 3-year high after protocol upgrade

Over the past few weeks Golem (GLM) price saw a strong rally which pushed the token to a 3-year high at $0.65. The altcoin also underwent a strong pump on Feb. 19, but most of the gains evaporated as Bitcoin (BTC) corrected below $45,000 over the past three days. Nevertheless, GLM still holds a 230% gain in February alone.Golem is an Ethereum decentralized application that enables users to rent out computing-power resources. Since November 2020 the project has been migrating from GNT to GLM token after deploying a new ERC-20 contract. Although most exchanges supported the move, it is still possible to find GNT activity and listings.Golem provides an open-source cloud processing framework for both application registries and transactions. Thus, anyone can share and aggregate computing resources, as well as create applications using the network. Ultimately, the solution aims to compete with traditional centralized cloud services like Amazon AWS.Golem (GLM) token / USD at Binance. Source: TradingViewGolem’s ICO took place in November 2016, raising $8.6 million for 820 million GMT tokens. 180 million tokens were retained by the project’s ‘Golem Factory’ foundation, along with early contributors and team members.The network allows personal computers and large data centers to share resources and contributors are paid in GMT tokens. According to Golem, a transaction system settles payments between providers, requesters, and software developers. To protect the host device, all computations take place in a sandbox environment.According to the Golem Project blog, its batched transaction approach protects users from Ethereum network congestion and excessive gas prices. Layer-2 scalability is already being offered on the mainnet using Matter Labs’ zkSync which is a zero-knowledge technology for the payment API.Partnerships and protocol testnets back Golem’s uptrendThe results of the Golem Gitcoin Hackaton 2020 included a smart contract called the GLM-stake-pool. The contract allows GLM token holders to obtain yield by staking Uniswap LP tokens.On Feb. 17 Golem also revealed a new testnet release, called Alpha IV. The update allows users to set up long-running tasks instead of the regular per-use payments. The platform also enables users to receive funds without initializing an account. On Feb. 23, Polygon (MATIC), formerly known as the Matic Network, announced that it would be joining forces with Golem to produce an off-chain payment driver. This partnership…

Bitcoin Dump Saw Exchange Inflow Jump Over 1,000%, Whale Address Sells 2,700 Coins, F2pool Hawks 3,633 BTC

Bitcoin Dump Saw Exchange Inflow Jump Over 1,000%, Whale Address Sells 2,700 Coins, F2pool Hawks 3,633 BTC

On Sunday, February 21, the price of bitcoin touched a new all-time high (ATH) at $58,354 and at the time, inflow into exchanges spiked as well. According to data from the onchain analysis firm, Santiment, stats indicate that exchange inflow jumped 11x on Sunday and data also shows one whale address was responsible for the second-largest bitcoin transaction in 2021. Second-Largest Bitcoin Transaction and 11x the Exchange Flow Shakes the Crypto Market Bitcoin prices jumping to new heights has sparked a lot of crypto market movement in recent months and even ancient UTXOs waking up after sleeping for over a decade. The last few days have been brutal as BTC prices slid around 20% after reaching the $58,354 ATH recorded on Sunday. Of course, market observers and onchain analysts saw things from a different perspective and the company Santiment tweeted about all the action on Tuesday. This whale address (which could be tied to the Gemini exchange) dumped 2,700 BTC on an exchange during the crypto market carnage. “As we noted yesterday,” Santiment said. “There was an 11x exchange inflow spike that initiated bitcoin’s price correction from its $58.3k ATH. Further data combing revealed that an address was responsible for the 2nd largest BTC transaction of the year, an import of 2,700 tokens to the wallet before a quick sell-off,” the researchers added. Santiment continued: This same address also made a 2,000 BTC import last March right as the Black Thursday correction took place. In total, it made 73 transactions in its one-year existence, for a total of 91,935 BTC imported, with all tokens moving away within minutes after arrival. Whale Address May Belong to Gemini Exchange, F2pool Conspiracies An analysis of the whale address shows the transaction of 2,700 BTC was sent with great privacy according to blockchair.com stats. The block explorers privacy meter indicates the rating was a 100 as the tool “shows whether your transaction is susceptible to some of the heuristics used by numerous transaction tracing tools.” The 2,700 BTC spend that also saw a 2,000 BTC spend on ‘Black Thursday’ also coincidentally follows the same pattern as the 2010 awakenings news.Bitcoin.com has been investigating. The above photograph from Santiment’s report called “How Bitcoin’s Exchange Inflow and Large Transactions Can Easily…

CME Bitcoin futures numbers saw a 57% uptick in January

CME Bitcoin futures numbers saw a 57% uptick in January

Bitcoin’s price rose significantly in January. The Chicago Mercantile Exchange, or CME, also hit record Bitcoin (BTC) futures trading numbers in the same month. “In January, BTC average daily volume (ADV) reached a monthly record of 17,549 contracts (87.7K equivalent bitcoin),” a CME representative told Cointelegraph. Each CME Bitcoin futures contract is worth the value of 5 BTC paid out in dollars. “In December 2020, BTC average daily volume (ADV) reached 11,179 contracts (55.9K equivalent bitcoin),” the representative added. “This represents a +57% increase.”In January, Bitcoin rose from $30,000 up to almost $42,000, according to TradingView data. The month before, the asset had broken its longstanding record high of approximately $20,000, surging up to nearly $30,000 by the end of 2020.“We are continuing to see robust interest in our Bitcoin futures contracts, with a record 528 accounts added in January, helping drive BTC average daily volume (ADV) to a monthly record of 17,549 contracts (87.7K equivalent bitcoin), up 63% YoY,” the CME representative said. CME’s BTC futures trading product has gained a notable number of users since its inception in December 2017. “7,400+ unique, active accounts have traded since launch,” CME said in a recent report showing numbers up to Feb. 17, 2021. “Of those, 733 were added in 2021, 2.3x more than in 2020,” the report added. Bitcoin recently dropped more than $13,000 from its last record high, although the asset has since regained some ground, trading around $49,200 as of publication ti.

Price analysis 2/24: BTC, ETH, BNB, DOT, ADA, XRP, LTC, LINK, BCH, XLM

Price analysis 2/24: BTC, ETH, BNB, DOT, ADA, XRP, LTC, LINK, BCH, XLM

Institutional investors continue to pour money into the crypto sector even with the current dip below $45,000. On Feb.24, business intelligence firm MicroStrategy announced that it had recently purchased over $1 billion worth of Bitcoin (BTC) at an average rate of $52,765 per coin. This takes the company’s total holding to 90,531 Bitcoin.Another company that bought Bitcoin during the current market correction is Square. The company said it had acquired roughly “3,318 Bitcoin at an aggregate purchase price of $170 million.”These purchases by institutional investors show they are bullish on the long-term prospects of Bitcoin and believe that it is a good buy near $50,000. Daily cryptocurrency market performance. Source: Coin360While the institutional purchases are a bullish sign, traders must also remember that for every buyer, there is a seller. Glassnode data suggests that Bitcoin whales, holding between 1,000 Bitcoin to 10,000 Bitcoin and “humpback whales” holding more than 10,000 Bitcoin have sold more than 140,000 Bitcoin in February. In the past, the whales swayed the crypto markets at their will. But the entry of institutional investors has reduced their dominance. Therefore, along with the whales, traders must also keep an eye on the institutional activity.While large investors can buy and hold for the long-term, the smaller investor would do well to buy at the right time to make the most of the limited available capital. Let’s study the charts of the top-10 cryptocurrencies to determine the trend.BTC/USDBitcoin’s pullback from the 20-day exponential moving average ($48,323) on Feb. 22 was greeted with aggressive selling on February 23. The bears dragged the price below the channel, but the long tail on the day’s candlestick shows buying at lower levels.BTC/USDT daily chart. Source: TradingViewThe buyers are currently attempting to keep the BTC/USD pair inside the channel. However, the inside day candlestick pattern today suggests indecision among the bulls and the bears. The flat 20-day EMA and the relative strength index (RSI) just above the midpoint also suggest a balance between supply and demand.If the bulls can sustain the price above $50,000, the pair will try to rise to the resistance line of the ascending channel. The next leg of the uptrend may begin after the price breaks above the all-time high at $58,341.03.Contrary to this assumption, if…

Square Adds $170 Million More in Bitcoin to Balance Sheet — Company Now Holds 5% of Total Cash Reserves in BTC

Square Adds $170 Million More in Bitcoin to Balance Sheet — Company Now Holds 5% of Total Cash Reserves in BTC

Square has bought more bitcoin, adding $170 million worth of the cryptocurrency to its balance sheet. The company now holds 5% of its cash reserves in bitcoin. Its Cash App was used by more than three million customers to purchase or sell the cryptocurrency last year. $170 Million Bitcoin Purchase Square Inc. (NYSE: SQ) announced Tuesday its fourth quarter and full year 2020 results. The company also announced that it has purchased $170 million worth of bitcoin “as part of its ongoing commitment to the cryptocurrency.” This is the company’s second bitcoin purchase; the first was for $50 million made in October last year. According to the announcement: It has purchased approximately 3,318 bitcoins at an aggregate purchase price of $170 million. Combined with Square’s previous purchase of $50 million in bitcoin, this represents approximately five percent of Square’s total cash, cash equivalents and marketable securities as of December 31, 2020. “Square believes that cryptocurrency is an instrument of economic empowerment, providing a way for individuals to participate in a global monetary system and secure their own financial future,” the company explained. “The investment is part of Square’s ongoing commitment to bitcoin, and the company plans to assess its aggregate investment in bitcoin relative to its other investments on an ongoing basis.” Increased Bitcoin Adoption via Cash App The NYSE-listed company, led by CEO Jack Dorsey who also heads Twitter Inc., is seeing increased bitcoin adoption. Its Cash App allows people to buy and sell BTC. According to Square’s earnings report released Tuesday: In 2020, more than three million customers purchased or sold bitcoin on Cash App, and, in January 2021, more than one million customers purchased bitcoin for the first time. “Furthermore, in the fourth quarter of 2020, bitcoin volumes per customer were up more than 2.5x year over year, primarily driven by buying activity,” Square continued. In addition, the company disclosed that “During the full year 2020, we saw significant growth in bitcoin revenue year over year.” Noting that “Bitcoin revenue is the total sale amount of bitcoin to customers,” Square wrote: For the full year of 2020, Cash App generated $4.57 billion of bitcoin revenue and $97 million of bitcoin gross profit, up 9x and 12x year over year, respectively. As for…

RUNE soars after Multicoin Capital reveals large position

RUNE soars after Multicoin Capital reveals large position

Thorchain’s native token RUNE gained 30% in the last 24 hours after crypto investment firm Multicoin Capital revealed that it has accumulated a large position in the asset. RUNE was trading at roughly $3.90 on Feb. 23 before Multicoin announced their investment, which sent prices soaring to new all-time highs at $5.61.RUNE/USD: CoinGeckoTHORChain’s token was largely unaffected by the Feb. 22 crash that saw BTC and many altcoins dip significantly, with RUNE up 34% in the past seven days. This announcement comes off the back of a strong year for RUNE, with the price up almost 62,000% since it launched 18 months ago. The rally has pushed RUNE up the market cap rankings to now rank as the 60th-largest crypto asset, with a total capitalization of $1.24 billion. THORChain started in 2018 and is a decentralized cross-chain automated market maker (AMM) exchange allowing users to trade spot tokens across blockchains. Alongside the announcement, Multicoin shared a research report in which they outlined the potential of THORChain. The report revealed that the investment firm is excited about the ability to trading tokens between different blockchains as a key opportunity for traders:“Trading is one of the primary use cases for crypto. However, trading across chains requires users to trust centralized exchanges and use two wallets. […] This process is clunky. Swapping PERP tokens on Ethereum for SRM tokens on Solana is a UX nightmare.”Multicoin is a crypto investment firm founded in 2017, that invests in blockchain companies, cryptocurrencies, and tokens. The firm invested in decentralized music sharing service Audius in October 2020, and recently invested in Manta Network at the start of February.

Coinbase is a decentralized company, with no headquarters

Coinbase is a decentralized company, with no headquarters

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The Fed Is Carefully Examining Digital Dollar — Chairman Jerome Powell Says ‘Very High Priority Project for Us’

The Fed Is Carefully Examining Digital Dollar — Chairman Jerome Powell Says ‘Very High Priority Project for Us’

Federal Reserve Chairman Jerome Powell has provided an update on the progress of a digital dollar. He confirmed that it is a “very high priority project” for the Fed, and agrees with U.S. Treasury Secretary Janet Yellen on the benefits of issuing a digital dollar. The Fed Is Looking Carefully at a Digital Dollar Fed Chair Jerome Powell testified on Capitol Hill before the Senate Banking Committee Tuesday, the first of two days of congressional testimony. He is speaking before the House Financial Services Committee on Wednesday. Senator Bill Hagerty asked him about a digital dollar, referring to U.S. Treasury Secretary Janet Yellen’s remarks on the subject made on Monday. She said: “I think it [the digital dollar] could result in faster, safer, and cheaper payments, which I think are important goals.” Powell began by confirming, “We are looking carefully, very carefully at the question of whether we should issue a digital dollar.” He pointed out that other central banks around the world are also looking into issuing digital currencies because “The technology now enables us to do that, and also enables private sector actors to create their own digital quasi-money type of instruments.” Noting that “There are significant both technical and policy questions to do with how we would go about doing that,” the Fed chair elaborated: I would say that we are committed to solving the technology problems and consulting very broadly with the public in very transparent way with all interested constituencies as to whether we should do this. He stressed: “We are the world’s reserve currency, and we have the responsibility to get this right. We don’t need to be the first. We need to get it right.” Emphasizing that “This is something we are investing time and labor in right across the Federal Reserve System,” Powell reiterated that “We are doing research here at the Board.” Furthermore, he noted that the Federal Reserve Bank of Boston has partnered with MIT to explore this area. The Federal Reserve chairman then agreed on the benefits outlined on Monday by Treasury Secretary Yellen. He added that the digital dollar “could help with financial inclusion as well.” Nonetheless, Powell cautioned: “At the same time you want to avoid creating things that might be destabilizing…

ETH mining still highly profitable despite upcoming Eth2 upgrade

ETH mining still highly profitable despite upcoming Eth2 upgrade

Ethereum miners continue to enjoy lucrative payouts for their efforts in 2021, while the smart contract blockchain platform edges closer to a move away from its proof-of-work consensus. The past few months have been phenomenal for much of the cryptocurrency space, as the likes of Bitcoin (BTC), Ether (ETH) and various other coins have seen monumental gains in value. The increased volume of transactions and users have also directly benefited the cryptocurrency mining ecosystem.Ethereum miners in particular have banked serious profits due to the success of decentralized finance projects running on their blockchain. These various DeFi platforms have driven transaction volumes and activity on the Ethereum blockchain, which has led to skyrocketing fees and increased processing times. While end-users have to bear the brunt of increased transaction fees, miners have been smiling all the way to the bank.As a result, Ethereum miners saw record revenues of over $830 million in January 2021, levels not seen since the first few weeks of 2018 before Ether, Bitcoin and the wider cryptocurrency markets crashed after the spectacular highs of December 2017.ETH mining outperforms BitcoinWhile Bitcoin sits firmly at the top of the list of cryptocurrencies by market capitalization, BTC miners are not enjoying the same level of profitability as Ethereum miners. Philip Salter, head of operations at Genesis Mining, told Cointelegraph that while mining Ethereum is “super profitable” at the moment, current miners and potential newcomers must still be aware of the initial barriers to entry.“The margins you can make with ETH are much higher than the margins you make with BTC. However, that doesn’t mean that it’s more profitable overall. The reason is that ETH mining hardware is more expensive than BTC mining hardware, so you have a higher initial cost that you need to break even on.”Salter noted that Litecoin (LTC) and Dash mining is also lucrative but is still not on the same playing field as BTC and ETH. He also added that all other cryptocurrencies that are mined using graphics cards were not as profitable as mining ETH.The pseudonymous founder of Pylon.finance, OxGrimReaper, also weighed in on the current mining climate and the current superior profitability of Ethereum mining, telling Cointelegraph:“ETH is the most lucrative mining opportunity at the moment, even more so because…