Bites

Blockchain Bites: Bitcoin Rebounds, Addresses Above 2017 Peak, Sci-Hub Decentralizes

Blockchain Bites: Bitcoin Rebounds, Addresses Above 2017 Peak, Sci-Hub Decentralizes

Bitcoin’s price is bouncing back, having found a floor of around $30,000 to stand on. Meanwhile, the number of active bitcoin addresses and transaction volumes has climbed above peaks set in 2017. Also, content moderation decisions from Amazon, Shopify and Twitter following the Capitol riots in Washington, D.C., on Jan. 6 have put efforts to “decentralize” …

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Blockchain Bites: Ethereum 2.0 Deposit Contract Fully Loaded, IRS Sends Befuddling Letters – Again

Blockchain Bites: Ethereum 2.0 Deposit Contract Fully Loaded, IRS Sends Befuddling Letters – Again

More than 500,000 ETH have been locked and loaded into Ethereum 2.0’s deposit contract, kick-starting the network’s major, multi-year development phase. JPMorgan analysts say institutions are piling into bitcoin. And the IRS has again sent out (possibly erroneous) letters to crypto traders indicating they owe taxes on unrealized gains.  Top shelf Taxman knockethThe Internal Revenue …

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Blockchain Bites: Bitcoin's Run, Uniswap's Hemorrhaging Value, Anchorage's Banking Bid

Blockchain Bites: Bitcoin’s Run, Uniswap’s Hemorrhaging Value, Anchorage’s Banking Bid

Bitcoin is nearing all-time highs in price and market cap last set three years ago. Anchorage has applied with the OCC for a national bank charter. Community members have proposed a vote to reinstate Unsiwap’s liquidity mining program. Top shelf 15% belowBitcoin traded above $17,000 Tuesday at 12:00 UTC for the first time since Jan. …

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Blockchain Bites: Billionaire Bullish on Bitcoin, Updates on Fowler's Crypto Capital Case and More

Blockchain Bites: Billionaire Bullish on Bitcoin, Updates on Fowler’s Crypto Capital Case and More

Another billionaire investor disclosed his bitcoin bags. The Silvergate Exchange Network added another exchange member. Riot Blockchain, a publicly traded bitcoin mining firm, recorded bumper revenues with plans to expand. Top shelf Billionaire’s bitcoinBillionaire U.S. investor Stanley Druckenmiller, who just weeks ago was said to be shorting the dollar, is long on bitcoin. In a …

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Blockchain Bites: Bitcoin and the BSA, Signature Deposit Growth, Darknet Crypto Donors

Blockchain Bites: Bitcoin and the BSA, Signature Deposit Growth, Darknet Crypto Donors

Signature Bank’s deposits grew by over $4 billion. Non-profits have rejected bitcoin donations made from hackers. And a FinCEN investigation raises questions about bitcoin mixers and the Bank Secrecy Act. Here’s all the news people are talking about in crypto today. Top shelf Corporate DeFi?R3’s open-source variation of its enterprise blockchain, Corda Network, will see …

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Blockchain Bites: Inside Cosmos, Bitcoin at $200B, DeFi Surges

Blockchain Bites: Inside Cosmos, Bitcoin at $200B, DeFi Surges

Traders are expecting bitcoin to go higher. DeFi is surging in web traffic. And Cosmos is alive and well, despite internal feuding. No cultsCosmos, the blockchain interoperability project that turned a small ICO into a thriving ecosystem, almost came to an end in February 2020 when the project’s co-founders engaged in a heated feud. It …

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Blockchain Bites: Rethinking Libra, Craig Wright and Something Smells Fishy in Blockchain

Blockchain Bites: Rethinking Libra, Craig Wright and Something Smells Fishy in Blockchain

Top financial authorities are rethinking what a “basket-backed” stablecoin means for monetary sovereignty. The Bank for International Settlements (BIS) issued a new report claiming stablecoin initiatives like Libra haven’t driven central banks to explore CBDCs, Craig Wright is heading to trial and BTCPay received its largest donation to date. Here’s the story: You’re reading Blockchain Bites, …

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Blockchain Bites: Last Day of Consensus, Will Crypto Save the Internet?

Blockchain Bites: Last Day of Consensus, Will Crypto Save the Internet?

Top Shelf Consensus: Distributed ended on a high note with a keynote address from Juan Benet, founder of Protocol Labs, who granted a rare interview as he closed out the week-long virtual conference.  Speaking widely on the topics of decentralization and Web 3.0, Benet said, “the internet has become dramatically more important to us.” Over a …

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Blockchain Bites: Coinbase and BlockFi Do Some Major Hiring, Tron Gets Coronavirus Relief

Blockchain Bites: Coinbase and BlockFi Do Some Major Hiring, Tron Gets Coronavirus Relief

Justin Sun’s Tron platform successfully applied for a $2 million pandemic relief loan intended for small businesses. Coinbase has scooped up employees from the now-defunct TokenAnylist startup while BlockFi has poached two executives from Credit Suisse and American Express to join its lending firm. Here’s the story: You’re reading Blockchain Bites, the daily roundup of the …

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