Bitcoin Exchange Kraken Raises $6M Equity Funding In 2 Days –

US bitcoin and crypto exchange Kraken has raised over $6.5 million in a matter of days as part of a new equity sale, data has revealed. Kraken Fundraiser Hits $6.55M According to a fundraising page on BnkToTheFuture, which Kraken is using to gather the funds, investors have already contributed €5.87 million ($6.55 million) of the […]

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3 Reasons The Current Bitcoin Price Rally is Fundamentally Different –

Barry Silbert, Digital Currency Group founder and CEO, has been talking to Bloomberg about the latest Bitcoin resurgence. In particular, he discussed the factors making this time fundamentally different from rallies following previous drawdowns. Underlying Bitcoin Infrastructure Improvements Silbert first pointed out that 80 percent drawdowns have happened multiple times before, and each time Bitcoin […]

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These 12 Bitcoin Lightning Network Upgrades Solve Its ‘Biggest’ Hurdles

The Bitcoin Lightning Network will overcome some of its “biggest hurdles to use” in the near future as new features roll out from developers. From Experiment To Bitcoin Killer App That was according to Guy Swann, the presenter of the Cryptoconomy podcast, who this week dedicated two episodes to introducing Lightning and analyzing its upcoming […]

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Binance Relaunches With $1.2M Giveaway Following System Upgrade

Cryptocurrency exchange Binance is preparing to leave its $40 million hack behind it, confirming it had relaunched most of its service May 15. Binance Goes Live (Again) Only around one week after hackers managed to circumvent security mechanisms in what CEO Changpeng Zhao said was a coordinated attack, Binance is finishing its last checks before […]

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Hacked Crypto Exchange Cryptopia Opts For Liquidation

Hacked cryptocurrency exchange Cryptopia has appointed liquidators as executives warn of an investigation lasting “months rather than weeks.” Meanwhile, Binance is undergoing a major upgrade. Cryptopia Users Brace For Long Haul In a press release May 14, accounting firm Grant Thornton confirmed it was overseeing liquidation procedures at the New Zealand exchange, which lost $23 […]

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Microsoft Picks Bitcoin to Create a New Identity System

Microsoft is developing a Bitcoin-based decentralized identity system that aims to significantly improve privacy, security, and control while achieving tens-of-thousands of operations per second. Credentials, in the new identity system, will be wholly owned and controlled by the user. Microsoft’s New ID Network on the Bitcoin Blockchain For over a year, Microsoft had been experimenting […]

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Institutions Are Here: CME Bitcoin Futures Trade Record $1.3 Billion

The Grayscale Bitcoin Investment Trust (GBTC) was trading with an implied Bitcoin price of over $10,000 May 14 as investor interest peaked. GBTC At 30% Bitcoin Price Premium GBTC, which has made 24-hour gains of almost 20 percent, currently trades on the basis of a single bitcoin costing around $10,200 – a full $2300, or […]

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Americans Can Now Move Their Money Into Bitcoin From Thousands of US Banks

Earlier this year, Abra launched its non-custodial Bitcoin-backed global investment app to democratize investing in stocks, bonds, EFTs, and cryptocurrencies. Now it’s stepping up a gear, making it easier for users to move money to and from their banks to crypto. Abra Is Bringing More Fiat On-Ramp Abra’s latest Plaid integration makes the app infinitely […]

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Binance Hackers Stole Only Bitcoin For This One Important Reason

Hackers stole $40 million in Bitcoin from cryptocurrency exchange Binance specifically because they trusted it most. ‘Bitcoin Ledger is the Most Immutable’ That was the conclusion circulating among the cryptocurrency community May 8 in the days after one of the world’s biggest trading platforms accepted it was unlikely to recover the funds and would need […]

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Bitmain Losing 88% Market Share is Turning Out Great For Bitcoin (BTC)

Bitcoin mining giant Bitmain has less positive news as bitcoin price reclaims $6000 and the hash rate continues its steady climb. Its internal mining operations show a reduction of 88% of hash power in the past month. Bitmain On A Steadily Downwards Trajectory Beleaguered Bitcoin mining-rig manufacturer, Bitmain, just can’t seem to catch a break these […]

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