Beijing Is Collecting Data From Local Datacenters Involved in Cryptocurrency Mining Activities

Beijing's Government Is Collecting Data From Local Datacenters Involved in Cryptocurrency Mining Activities

Authorities in Beijing have been conducting checks on cryptocurrency mining datacenters to assess and understand its energy consumption and thus the impact on the electric infrastructure. Although it was reported as a rumor by international media outlets, Chinese state media confirmed it.

Authorities Sent an ‘Emergency Note’ to Three Biggest Telecom Operators

As first reported by Reuters, the Beijing Municipal Bureau of Economy and Information Technology was the entity that ordered the checks on the city’s data centers.

In the first instance, they wanted to verify if these companies are involved in bitcoin (BTC) and other cryptocurrency mining businesses by sending an “Emergency Notice Concerning the Data Center Involving Bitcoin and Other Cryptocurrency Mining Businesses in Our City’s Data Centers.”

According to an unnamed source cited by Reuters, the notice also targeted three of the biggest telecommunications operators in China.

The measure took place on Tuesday, and then state media Pengpai confirmed the news on Thursday. Furthermore, the bureau wants to get reports on the amount of power consumed and share by crypto asset mining.

Although the information specifies that the notice was issued in Beijing, there is no official confirmation on whether the checks are being conducted across the country or not.

Was China’s Carbon Neutral Stance One of the Reasons Behind the Checks?

Also, there are not more details on the reasons that drove Beijing authorities to conduct such checks.

However, Reuters suggests the measure could come in the wake of the latest shut down of digital currency mining projects in the Chinese region of Inner Mongolia, as the country seeks to improve energy efficiency.

Moreover, as reported recently, China’s carbon-neutral stance adds weight to bitcoin miners’ backs. Following a recent hashrate drop in the province of Xinjiang, a regional report notes that people leveraging electricity in Sichuan may see an electrical cost increase.

In fact, a local financial columnist said that Sichuan electricity powered by carbon materials will increase by 150% this year adding to the demand for renewable hydro power.

What are your thoughts on the measure taken by the Beijing government? Let us know in the comments section below.

Bittrex Global Lists NDAU 

NDAU, the world’s first adaptive digital currency, has been listed on Bittrex Global. NDAU is appealing to users because it represents a new category of digital asset optimized for long-term hodlers and features staking income.

Bittrex Global is one of the largest crypto exchanges with daily trading volume of $600 million with “lightning-fast trades, dependable digital wallets and industry-leading security,” as its website states. NDAU’s combined value of about 5.8 million tokens in circulation has reached $139 million on CoinMarketCap, NDAU announced. Fintech company Investview has added $1 million in NDAU to its corporate treasury balance sheet. 

“It’s been a great season for NDAU and we’re excited to top it off with a listing on Bittrex. We’re certain that traders on the exchange will see what we have built not only as an alternative store of value but as a great opportunity for staking rewards,” director at NDAU development team Oneiro, Robert Frasca, said about the listing.

NDAU is focused on long-term holding and offers an in-wallet staking program, which pays participants an Economic Alignment Incentive for holding the currency. Users who choose to lock NDAU can receive up to 15% in yearly rewards when staked for three years. 

About NDAU

NDAU is an adaptive digital currency originally built by Oneiro as a true long-term store of value. It is a governed and completely decentralized ecosystem built on the Tendermint protocol and is a premier DeFi solution on Cosmos Network. Designed with built-in economic structures that incentivize both stability and potential for growth, NDAU provides all the benefits of a digital currency while promoting more fair and accountable governance, dependability, and greater safety for owners not found in existing cryptocurrencies. NDAU is not pegged to fiat currencies or commodities, allowing for more desirable characteristics for long-term holders in particular. For more information on NDAU, please visit:

About Bittrex Global

Bittrex Global has one of the most secure trading platforms and digital wallet infrastructures in the world where customers can access exciting new products.  Built on Bittrex’s cutting-edge technology, Bittrex Global provides a high-level experience for professional and novice customers alike.

This content is sponsored and should be regarded as promotional material. Opinions and statements expressed herein are those of the author and do not reflect the opinions of The Daily Hodl. The Daily Hodl is not a subsidiary of or owned by any ICOs, blockchain startups or companies that advertise on our platform. Investors should do their due diligence before making any high-risk investments in any ICOs, blockchain startups or cryptocurrencies. Please be advised that your investments are at your own risk, and any losses you may incur are your responsibility.

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Top Analyst Updates Crypto Portfolio, Says Ethereum Will Redefine Parabolic in Breakout Against Bitcoin

A closely-followed crypto trader is laying out a bullish path ahead for Ethereum and altcoins.

The pseudonymous analyst known in the industry as Capo predicts that ETH’s breakout in its BTC pair will accelerate as Bitcoin’s dominance drops.

Capo notes that the Bitcoin dominance (BTC.D) chart, which is used to track the percentage of the crypto market share that Bitcoin is taking up, may be on the verge of losing a key area of support at 50%.

“Altseason. BTC.D reaching 50% is a key moment.

Break below = altseason continues.

Strong bounce = altseason paused

The point is, this support looks weak now. RSI (relative strength index) is going deep with no divergences and most altcoins look very good against BTC. Mega cycle on altcoins?”

Source: il Capo

Another key signal the trader utilizes to gauge whether a major altseason is around the bend is the health of the ETH/BTC pair.

Capo predicts that ETH is on the cusp of breaking out against BTC in a profound way, asserting that Ethereum will “inevitably” reach 0.1 satoshis in the pair.

“ETH/BTC is going to redefine the concept of parabolic…”

Source: il Capo

Ethereum is hovering around 0.0517 satoshis against BTC as of writing, according to Trading View.

As the overall crypto market dances with the possibility of an incredibly powerful altseason, Capo updated his followers this week, saying he currently holds 75% of his crypto portfolio in altcoins, 20% in ETH and 5% in BTC.

Blockchain focused public internet solution Syntropy (NOIA) is one altcoin Capo is keeping a close eye on as a potential altseason approaches. The trader recently changed his twitter handle to “il Capo of $NOIA,” presumably as a show of support for the asset.

In March, Capo also listed his “chosen” altcoins that he believes will outperform the market this bull cycle. Those assets are: Binance Coin (BNB), Band Protocol (BAND), Balancer token (BAL), Litentry (LIT), Zilliqa (ZIL), TomoChain (TOMO), and Hedera Hashgraph (HBAR).

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Featured Image: Shutterstock/Tithi Luadthong

The post Top Analyst Updates Crypto Portfolio, Says Ethereum Will Redefine Parabolic in Breakout Against Bitcoin appeared first on The Daily Hodl.

Ripple (XRP) could reportedly IPO after the U.S. SEC case settles

Payments firm Ripple could reportedly go public soon after its ongoing case with the U.S. Securities and Exchange Commission (SEC) is settled, a report on Finance Feeds said today. 

In December 2020, Ripple was charged with the unlawful sale of $1.3 billion worth of unregistered security, a case that continues till today. However, it does appear like the startup is positive that both parties will reach a settlement very soon. 

Ripple IPO?

According to Japanese financial services firm SBI Holdings, which holds a stake in Ripple, the company is considering going public when all is said and done. CEO Yoshitaka Kitao, who also has a seat in Ripple’s board of directors, said on an earnings presentation that an IPO would pay off SBI Group’s investment.

“After the current lawsuit, Ripple will go public. The current CEO wants to do this. Chris [Larsen] wants to do this. We have been investing in fintech companies, and we adopt that technology in our group, and also we spread that technology across the industry. That is SBI Group’s basic strategy,” said Kitao. 

Ripple’s CEO, Brad Garlinghouse, recently affirmed that the company has made “really good” progress in the courts so far. He also stated that many federal agencies in the U.S., such as the Department of Justice and the Treasury, have already deemed XRP a non-security, so there is nothing to worry about.  

XRP whales go “ape”

Meanwhile, XRP’s supply distribution chart shows that large investors—colloquially known as “whales—are giving Ripple their vote of confidence. The buying pressure behind the world’s fourth-largest cryptocurrency by market capitalization has skyrocketed over the past week, helping push prices higher.

Analytics platform Santiment registered 12 new addresses with more than 1,000,000 XRP joining the network in such a short period. These whales hold over $1.6 million worth of this altcoin.

XRP Supply Distribution by Santiment
XRP Supply Distribution by Santiment

The recent increase in the number of large investors behind XRP has coincided with a 74% price increase. Further buying pressure could help the cross-border remittances token retest the recent yearly high of $1.98. 

The post Ripple (XRP) could reportedly IPO after the U.S. SEC case settles appeared first on CryptoSlate.

Binance Smart Chain Partner Receives Funds From 16 Institutions

Built on top of Binance Smart Chain, CryptoTycoon (CTT) is a monopoly game based on Binance Coin (BNB), Binance USDC (BUSD), and stablecoin Tether (USDT). With it, users can play to construct in-game buildings by rolling the dice. The game operates with a deflationary and dividend model, according to an official post.

The team behind the game recently announced the successful completion of their seed round of fundraising. Per their announcement, they have received support from 16 institutions from “different regions and backgrounds”.

In total, Binance Smart Chain’s partner was supported by HappyBlock, CryptoDiffer, R8 Capital, A195 Capital, 4SV, AKG Venture, PrimeBlock Ventures, Amplio Capital (BitMart Labs), T3E (MW partners), Infinity Labs, CatcherVC, BenMo Labs, BEST, Horizon Capital, Ternary Capital, and 7Star Capital. The team added:

In addition, we have recently received supports from many BSC community building participants, who provided a lot of valuable suggestions to CryptoTycoon and participated in CryptoTycoon’s seed round fundraising in a private form.

Binance Smart Chain’s Partner And Its Roadmap

The project will focus on “market building and user experience” for their next phase of development. They are currently taking feedback from the community. So far, they have divided their roadmap into two stages an initial stage and an early stage.

The former has been composed of game design, smart contract coding, legitimate subject and legal matters, participation from their American and European market partners, smart contract audit, official website (v0.1) launch, and other items related to community operations and media. Most of the first items have already been completed.

In their early stage, they will have a close beta of their game, a CTT release, an official website launch on their v0.5 launch, liquidity provider staking mining, game interactive contract audit, planning for their second iteration of the game, and much more.

CryptoTycoon’s native token CTT will have a burned mechanism, as two of the most important assets in the Binance Smart Chain ecosystem, BNB, and PancakeSwap’s CAKE.

BNB trades at $619 with a 5.7% profit in the daily chart. In the weekly and monthly chart, BNB has a 20.4% and 99.9% profit, respectively.

Binance Smart Chain BNB BNBUSDT
BNB with moderate gains in the daily chart. Source: BNBUSDT Tradingview

Bitcoin bulls attack $57,000 and altcoins rally as April comes to a close

Altcoins moved toward new highs and Bitcoin price rallied above $57,000 shortly after today’s uneventful $4.2 billion monthly options expiry.

Bitcoin (BTC) and the overall cryptocurrency market sprang to life on April 30 as an uneventful close to this month's $4.2 billion options expiry occurred without any signs of controversy. 

Data from Cointelegraph Markets and TradingView shows that after a brief dip below the $53,000 support level on April 29, the price of Bitcoin staged a 10% rally back above $57,400 by midday.

BTC/USDT 4-hour chart. Source: TradingView

The revelation from MicroStrategy CEO Michael Saylor that the company saw a 52% surge in revenue compared to the same quarter last year will likely strengthen the argument that organizations should hold Bitcoin on their balance sheet as a way to combat inflation as well as attract new investors.

Central bank digital currencies (CBDC) are also gaining traction as the Bank of England revealed that it is moving ahead with plans to launch a digital pound and the central bank of France made headlines on April 29 after settled a $100 million Euro bond using a CBDC that was hosted on the Ethereum (ETH) network.

Altcoins show significant strength

While much of the mainstream news and focus from analysts revolves around Bitcoin and Ethereum, a handful of altcoins caught the attention of traders on Friday as their prices saw double-digit gains

One of the strongest performers of the day was IoTeX which surged 75% to a new all-time high at $0.085. The blockchain project is focused on solving the issues of scalability, privacy and high operating costs which are limiting the mass adoption of the Internet of Things (IoT) ecosystem.

IOTX/USDT 4-hour chart. Source: TradingView

VORTECS™ data from Cointelegraph Markets Pro began to detect a bullish outlook for IOTX on April 27, prior to the recent price rise.

The VORTECS™ Score, exclusive to Cointelegraph, is an algorithmic comparison of historic and current market conditions derived from a combination of data points including market sentiment, trading volume, recent price movements and Twitter activity.

VORTECS™ Score (green) vs. IOTX price. Source: Cointelegraph Markets Pro

As seen in the chart above, the VORTECS™ Score began to climb on April 26 and reached a high of 76 on April 27 before spiking to 73 again on April 29. It's worth noting that the VORTECS™ Score hit 73  roughly 10 hours before the price spiked 75% to a new all-time high at $0.0857.

A second coin that has been performing well over the past couple of days and is now registering a VORTECS™ Score of 95 is PARSIQ (PRQ), an analytics platform that offers cutting-edge tools for the analysis of blockchain technology across a variety of industries.

VORTECS™ Score (green) vs. PRQ price. Source: Cointelegraph Markets Pro

Bullishness for PRQ was first detected on April 28 when the VORTECS™ Score reached the green zone. The score stayed near that level (67) over the next day and then rapidly climbed to a high of 95 on April 30 as the price of PRQ rallied higher.

A score of 95 is one of the highest scores ever registered on the VORTECS™ system, and previous instances of scores in the mid to high 90’s have been shown to precede further price appreciation, as was recently demonstrated by Polygon (MATIC) this week.

Daily cryptocurrency market performance. Source: Coin360

Generally, altcoins rallied across the board, boosting the total market capitalization to $2.177 trillion while Bitcoin's dominance rate slipped to 48.8%.

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Every investment and trading move involves risk, you should conduct your own research when making a decision.

Gaming giant Nexon invests $100 million in Bitcoin

TL;DR Breakdown

• Nexon buys over 1,717 BTC to boost the online gaming industry.
• Square and MicroStrategy have increased their value by 50% through their BTC purchases.

Due to the exponential growth of Bitcoin and the entire cryptocurrency market, Japanese gaming organization Gaming Giant Nexon invested in the asset. The investment was $100 million in BTC, which translates to 1,717 tokens as part of its shares. In no uncertain terms, the virtual reality game developer bought each BTC for $58,226.

Gaming giant Nexon: A titan for online games

The Nexon organization is a leader in online game production and has 10 franchises operating with a longevity of 10 years. Nexon was founded in 1994, and since then, it has been featuring around 60 multiplayer online games. In its collection are exclusive games such as Dungeon & Fighter and MapleStory.

Like a gaming titan, Nexon has introduced portfolio firsts like MapleStory M. This new addition increases the popularity of the game and the industry in general. As the market is very demanding, Nexon is faced with increasing its collection of games.

Nexon and Bitcoin purchase


The investment that Nexon just made, buying 1,717 BTC, is only 2% of its total asset pool. It, howwever, shows that the the organization expresses confidence in the global asset’s growth. Owen Mahoney, president of Nexon, says that:

“The investment we just made in BTC is because we believe in the asset; it offers us liquidity and stability for the future.”

This high investment of Nexon in Bitcoin is found online as one of the most profitable alternatives for companies. Big companies like Square and MicroStrategy have previously invested in the asset with thoughts of the future.

Square made an investment valued at $50 million that represents 858 Bitcoins at the time of capitalization. Microstrategy has invested $250 million in the asset, obtaining over 21,000 BTC. The company that owns the OLAP analytical processing, Microstrategy, increased their holdings of Bitcoin by 52% when they made the purchase.

Although these purchases are essential in the capitalization of Bitcoin, they do not come close to Tesla’s investment. America’s leading automobile company invested $1.5 billion when 2020 was drawing to a close. This purchase generated an uptrend in Bitcoin and granted the cryptocurrency more popularity, stability, and new investors. Bitcoins have turned out to be the “digital gold” of today, with many companies trusting the asset.

Many video game companies may invest in digital assets after Nexon goes public. With this investment from Nexon, Bitcoin would adopt an upward trend and may remain so with the involvement of other companies.

Staking giant Lido looks to bring services to Solana

Infrastructure provider Chorus One believes they can help Lido corner 25% of all staked SOL.

One of the largest ETH 2.0 and Terra staking services is now looking to expand to other proof-of-stake chains, starting with upstart layer 1 Solana. 

In a proposal today on Lido’s governance forums, crypto infrastructure provider Chorus One laid out a plan to build “a liquid staking token (for now: stSOL) that will accrue staking rewards and represent staking positions with Lido validators on Solana,” similar to Lido’s current interest-accruing stETH token.

Development funding to bring Lido’s services to an additional chain would come from the Lido Ecosystem Grants Organization, a program Lido’s governance kicked off in March. Chorus One’s requested a compensation package including 2,000,000 vested LDO tokens and a revenue-sharing model that would entitle Chorus One to 20% of the revenue from protocol fees that would go to the Lido treasury.

The milestones for Chorus One’s vesting unlocks are notably ambitious, including a 1 year cliff to “capture 2.5% of the staked SOL supply,” as well as 1,000,000 tokens scheduled to begin a one year vesting schedule “when Lido for Solana manages to capture 25% of the staked SOL supply.” The proposal notes that Chorus One is currently the largest SOL staker with $600 million in tokens.

A representative for Lido told Cointelegraph that an expansion could be a boon for the protocol’s income.

“For the Lido DAO, an expansion to liquid staking on Solana could bring with it a similar protocol fee set-up as we’re currently seeing with stETH/liquid staking on Ethereum, whereby a 10% fee on staking rewards is collected and split between node operators and the Lido DAO treasury (e.g. to grow an insurance fund),” they said.

They also noted that the door remains open to expanding to other Proof of Stake chains.

“Lido has a very simple mission - keep Ethereum staking simple, secure and decentralised - and we will look to extend this to other networks where possible,” they said.

Per Lido’s website, the services currently accounts for 256,964 ETH staked (worth over $700 billion) across nearly 5000 addresses earning 7.1% APY, and is the third-largest staking pool currently live per Nansen. While estimates vary, once ETH 2.0 launches, the APY rewards are expected to increase significantly.

Lido’s $LDO token has been on a tear as of late, rising 54% on a 24 hour basis to $2.9 and 216% on the week — a run possibly fueled by another governance proposal that would diversify a portion of the treasury to a group of notable venture capital funds, including Delphi Digital, Digital Currency Group, Three Arrows Capital, and Alameda Research.

Peer-to-Peer Internet ThreeFold Goes Multichain to Accelerate Token Accessibility

PRESS RELEASE. Peer-to-peer internet ThreeFold integrates with several popular blockchain ecosystems in an effort to increase adoption for the world’s largest such network

29th April 2021, Dubai, United Arab Emirates – ThreeFold plans to integrate its peer-to-peer internet platform with three of the leading blockchain ecosystems in the decentralized finance (DeFi) space; Binance Smart Chain (BSC), Ethereum, and Huobi’s ECO Chain.

ThreeFold is set to integrate BSC in the next couple of weeks, with Ethereum and Huobi’s ECO Chain following shortly later on in Q2. These integrations will provide the ThreeFold ecosystem access to a wide array of DeFi applications. In turn, this will allow ThreeFold to be more accessible to the DeFi world and provide ThreeFold Farmers and users with more platforms to exchange TFT.

ThreeFold’s bold move comes while the wider cryptocurrency market is booming. The total value of all cryptocurrency-related or blockchain-based projects has surpassed $2.1 trillion in recent weeks, as market leaders, such as Bitcoin and Ethereum, set new all-time highs. Accordingly, interest in blockchain technology is soaring as the number of active projects in the space nears 9,000.

Moreover, in an environment in which internet use for all aspects of life is soaring owing to COVID-19 restrictions, ThreeFold’s main value proposition – a truly peer-to-peer internet platform – is gaining traction. ThreeFold sees the sustainability of internet services in the long-run and its decentralization as inseparable.

Democratizing the Internet

But why is this needed? The internet today is hosted by a small group of well-resourced companies that are responsible for the maintenance of data centres which provide the server and storage space for the vast quantity of content on the internet. In addition, these same companies are finding a way to monopolize the network connections that allow data to flow around the globe.

As a result, decisions made by these companies have the power to entirely change the landscape of the internet unilaterally, without contest. Given the fact that the internet is now integral to much of the world’s industry, as well as many ways of life, the disproportionate power that these companies wield make them the de facto governors of the future of humanity’s development.

Just as Satoshi Nakamoto envisioned the democratization of the financial system through decentralization, ThreeFold is on a similar quest to democratize the internet with a unique combination of autonomous and blockchain technology. The benefits would be clear. More internet users would benefit from a neutral peer-to-peer platform on which to store their data and run their applications privately and securely.. Moreover, decentralization removes the internet’s singular potential points of failure which could seriously disrupt the global Internet and Cloud industry.

A Multichain Future

ThreeFold’s upcoming integration with BSC, Ethereum and Huobi’s ECO Chain is a critical part of continuing to grow and cultivate the world’s largest peer-to-peer internet platform. Ethereum is the number one platform for decentralized applications (dApps) in the cryptocurrency and blockchain space as of today.

Accordingly, ThreeFold’s platform will be put on the radar of the vast number of Ethereum users who could quite effortlessly become the much-needed nodes in its vision of a decentralized internet. Furthermore, there is a wealth of decentralized development expertise concentrated in the Ethereum-sphere, as well as in both Binance’s and Huobi’s blockchain ecosystems. In addition to improving compatibility with these platforms, ThreeFold will be able to tap into these development skills, inviting experienced dApp developers to build their applications on top of the ThreeFold Grid.

Comparatively, ThreeFold’s ambitious integration plans put it far ahead of similar projects in the decentralized internet space, who are traditionally Ethereum-based. However, with the increasing cost of Ethereum-based development and its slower than required scalability updates, ThreeFold’s peer-to-peer Internet will remain affordable, scaleable and simple for developers.

About ThreeFold

ThreeFold is developing a peer-to-peer internet platform that aims to liberalize what it labels as a centralized and unequally distributed internet. Its platform, called the ThreeFold Grid, comprises over +600 servers in 25+ different countries around the world, delivering approximately 80 PB in storage and over 16,000 CPU cores worldwide, making it the largest storage and compute peer-to-peer internet network in the world. See ThreeFold Grid’s statistics in more detail using their explorer here.

Each server runs ThreeFold’s stateless and lightweight open-source operating system, Zero-OS, and is set up and operated by independent individuals and organisations called Farmers. Farmers earn rewards in TFT – the platform’s native token – for their participation. TFT is the currency of the ThreeFold Grid, with each token representing a unit of storage and compute on the platform. Grid users can use these tokens to reserve the storage and compute they need to store, build and share on the platform’s internet network.

ThreeFold’s ultimate vision is to be part of the movement to fully democratize the internet worldwide.

To learn more about how ThreeFold plans to democratize the internet, visit their website here. For more information on TFT and how it fits into ThreeFold’s overall plans, see this page.

Follow ThreeFold on Twitter:

Read ThreeFold’s documentation on Github:

Like ThreeFold’s page on Facebook:


Media Contact Details

Contact Name: Amazix Press Team

Contact Email:


THREEFOLD is the source of this content. This Press Release is for informational purposes only. The information does not constitute investment advice or an offer to invest.


This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.

Australians Seem To Be More Into Crypto Than Ever

Australians are beginning to take some serious interest in cryptocurrencies. Not only are they looking to trade the assets as much as they can; they are now looking to add crypto to their retirement accounts.

Australians Love Their Crypto

Australians are often frustrated by the lack of crypto regulation that exists in their country, and thus they are seeking ways to potentially gain access to these currencies without having to read all points of the fine print, so to speak. In other words, they do not seem to care how they get their fingers on these currencies. They can be through standard and conventional methods or through exotic methods, but either way, Australians are largely becoming crypto fans.

What many now seem to be doing is employing the services of what are known as self-managed super funds (SMSFs). These products allow users to put all their money into a wide variety of assets, and crypto is at the forefront.

Adrian Przelozny – the CEO of Independent Reserve – explained in a recent interview that his company began offering SMSFs due to their growing popularity in Australia. He states:

We started offering SMSFs purely because of organic demand and that has grown exponentially up to something like 8,000 or 9,000 of them. No large fund is doing it right now, but I think that will change in the future and certainly get easier as crypto ETFs become available.

Some exchanges in Australia say that they have experienced a “fivefold” increase in customers dedicating themselves to SMSFs. Caroline Bowler – CEO of BTC Markets – says that many of the customers her company services have been looking past the realms of standard cryptocurrencies such as bitcoin and Ethereum and are beginning to invest in many of the world’s smaller altcoins. She states:

What that tells us is that there is an increasing appetite to really go under the hood of all these different projects to see what they are about and really learn and understand what they are investing in… They are not passive. It is really fascinating in that they are still learning, and they are still figuring out how they want their portfolios to look and feel.

Raking in Some Profit

A lot of Australians that have taken this route have really raked in some serious profit in recent years. An example includes Paul, a 24-year-old who first began trading crypto in the year 2017. He has since managed to turn roughly $80,000 into about $900,000, and he credits this to staying involved even after losing quite a bit. He says:

Unlike most people, I kept following [crypto] and fell in love with the potential of smart contracts. I became obsessed with it and when the prices got to stupidly low levels, despite the huge leap and bounds in process that was happening, I saw it as a no-brainer.

The post Australians Seem To Be More Into Crypto Than Ever appeared first on Live Bitcoin News.

Muhammad Ali Enterprises partners with Ethernity Chain to eternalize Ali’s legacy in the blockchain

Muhammad Ali Enterprises partners with Ethernity Chain to eternalize Ali’s legacy in the blockchain

Muhammad Ali Enterprises has joined forces with Ethernity Chain, a top-rated philanthropy blockchain platform to eternally secure the legend’s legacy in the blockchain.

According to a recent Press Release, Mohammed Ali’s Enterprise being powered by its initial partnership with Ethernity Chain will further partner with a leading digital sculptor in the NFT space, Raf Grassetti, in a bid to accomplish the aforementioned goal.

The venture into the NFT space is undoubtedly a push-forward tool to the system considering Ali’s high recognition across cultures and nations of the world. 

In the tale of the sports and civil world, Ali has created most of the legendary moments amongst other athletes of the previous century. Thus, he has emerged as one of the most influential athletes and humanitarians ever known.

The legend continues to inspire current influential athletes, artists, musicians, and humanitarians all around the globe, artist Raf Grassetti affirmed this while expressing his delights in the partnership.

Grassetti’s comments reads;

“Ali inspired me in my personal and professional life as he did to most of us. It’s an honor and privilege to use my craft and work with new technologies to celebrate his life and create this collection to help us remember the greatest of all time.”

A Naturally Fit Partnership With Mutual Goals

It is interesting that Muhammad Ali’s philanthropic goals tally with that of Ethernity Chain as the blockchain platform is a groundbreaking authenticated NFT project that is efficiently focused on charity.

As such, the Ethernity chain will serve as a suitable and perfect partner for Muhammed Ali Enterprises to achieve and sustain its philanthropic objectives within the NFT space.

Nick Rose, the Founder, and CEO at Ethernity Chain professed to be excited over the partnership.

“We are thrilled to partner with Muhammad Ali Enterprises and Raf Grassetti on The Muhammad Ali Collection,” she said.

Furthermore, Ros confirmed the mutual goals of the counterparts, saying;

“Muhammad Ali had a lifelong mission to help those in need, and our mission at Ethernity is to focus on charitable causes with our groundbreaking projects, making this partnership a natural fit.”

Per the announcement, the auction is set to commence on May 1 at noon EDT. A portion of the proceeds will therefore be donated to The Muhammad Ali Center.

Fed Chair Jerome Powell Says Dogecoin and Gamestop Hype Highlights ‘Froth in Equity Markets’

Fed Chair Jerome Powell Says Dogecoin and Gamestop Hype Highlights 'Froth in Equity Markets'

Federal Reserve Chair, Jerome Powell, discussed a number of topics this week such as inflation and central bank digital currencies (CBDCs) following the multi-day Federal Open Market Committee (FOMC) meetings. The central bank’s lead executive was asked about feverish stocks like Gamestop shares and the crypto asset dogecoin. Powell said that the Federal Reserve aims to provide financial stability but notes there are some things in capital markets that are a bit frothy.

Fed Chair on Inflation: The committee Seeks Inflation Moderately Above 2%

This week the FOMC meetings have shown that the U.S. central bank plans to continue its monetary easing policies until it is satisfied the economic effects of the pandemic are dealt with. The FOMC meetings were also followed by press conferences where the Fed Chair Jerome Powell answered questions from a number of different news agencies. Powell discussed the benchmark interest rate and inflation, while he was also asked about digital currencies and things like Gamestop shares and the recent dogecoin (DOGE) rally.

At first, Powell was inundated with questions about inflation and one reporter stressed that some people believe “the Fed might let things get out of hand with the new policy stance.” The reporter asked the Fed Chair if the central bank will be able to get ahead of inflation before it gets well ahead of the 2% target. Powell noted that since the Fed has been able to maintain an inflation rate below 2% for “some time,” he highlighted that “the committee seeks inflation moderately above 2% for some time.”

Powell further remarked:

[The Fed is] strongly committed to achieving our objectives of maximum employment and price stability.

Despite China’s Lead Creating a Central Bank Digital Currency, Powell Says ‘USD Is Still ‘the World’s Reserve Currency’

The Fed Chair was also asked about the U.S. falling behind countries like China in the race to create a central bank digital currency (CBDC). “We feel an obligation to understand the technology and all of the policy issues very, very well,” Powell said in response to the CBDC questions.

“Central bank digital currencies are now possible, and we’re going to see some of them around the world,” Powell added. “And we need to understand whether that’s something that would be a good thing for the people that we serve. How would it work in our system? And there are some very, very difficult questions to answer, and we are engaged in a serious program to understand both the technology and the policy issues.”

The Federal Reserve’s Chair explained that the dollar is still very powerful in his eyes, and he emphasized that the USD is “the world’s reserve currency.”

“That means that the dollar is used in transactions all around the world, far more than any other currency. And that’s because of our rule of law, our democratic institutions, which are the best in the world, our economy, our industrious people, all the things that make the United States the United States,” Powell said.

Gamestop Shares and Dogecoin

One reporter noted the hype that has surrounded certain markets like dogecoin (DOGE) and Gamestop shares. The journalist said that people are searching for “yield in this market” and he wondered if the Fed felt responsible for the current financial stability in America. “Is there a financial stability concern from the Fed’s perspective at this time?” the reporter asked the Fed Chair. Powell responded and said that the financial stability the Fed provides is quite broad, and the central bank doesn’t jump on a certain issue and then move to the next.

“Financial stability for us is really, we have a broad framework. So we don’t just jump from one thing to another,” Powell replied. “I know many people just look at asset prices and they look at some of the things that are going on in the equity markets, which I think do reflect froth in the equity markets. But really, we try to stick to a framework for financial stability so we can talk about it the same way each time, and so we can be held accountable for it,” the Fed Chair added.

Just as Powell has protected the mega banks by alluding to the financial incumbents’ so-called “strength” in the past, he positioned the Wall Street banks once again as strong financiers this week.

“Leveraging the financial system is not an issue. We have very well capitalized, large banks,” Powell stressed at the press conference.

What do you think about Jerome Powell’s commentary about inflation, CBDCs, and capital markets being frothy? Let us know what you think about this subject in the comments section below.

A $1 billion crypto fund could be on its way from Andreessen Horowitz

The VC firm is looking to raise a considerable sum to put towards crypto investments.

Building on its previous crypto involvement, VC firm Andreessen Horowitz is now reportedly gathering thunder for another fund, according to an article from the Financial Times, or FT.

“The new fund, Andreessen’s third that is focused on cryptocurrency investments, is aiming to raise between $800m and $1bn from investors, according to four people with knowledge of the process,” FT wrote on Friday.

A Venture Capital, or VC, firm, Andreessen Horowitz also operates under the name a16z. The entity is active in the crypto and blockchain sector, and has invested in a number of projects. It plans to aim the new fund’s capital toward crypto industry projects and digital assets, FT reported.

The VC player was also a heavy investor in Coinbase, which recently went public on April 14. Andreessen Horowitz has offloaded about $120 million of its Coinbase stock, although it held roughly $11 billion in the asset at the time of its listing, according to regulatory filings cited by FT.  

In April 2020, headlines surfaced regarding the entity’s pursuit of $450 million for its second crypto-specific fund. The firm ended up securing $515 million

The crypto space overall has seen considerable capital inflows over the past year, evident in the industry's $2 trillion asset market cap valuation, which it reached in April 2021.

Billionaire Mark Cuban Defends Bitcoin, Ethereum, Dogecoin and Maker, Says Crypto Critics Are Mistaken

Billionaire investor Mark Cuban is in a friendly battle with legacy finance executive Peter Mallouk over the viability of crypto assets.

Mallouk, a certified financial planner and the president of wealth management firm Creative Planning, questioned Cuban on Twitter for saying there is a chance Dogecoin (DOGE) goes up in value over the longterm.

Cuban quickly fired back, however, telling Mallouk, a longtime crypto bear, that many crypto projects will succeed due to their technological innovation.

Explains the Dallas Mavericks owner,

Let me help you. Layer 1 and Layer 2 based chains are deterministic, programmable platforms that can be used to create applications that can increase productivity. Their ‘coins’ provide the ability for coin owners to benefit from the value created. Not all will succeed, but many will…

If you look at crypto assets whether ETH, DOGE, BTC, MKR (Maker), etc. and only see something intangible for people to trade, you haven’t really looked. If you see smart contracts and programming languages and think of new ways to disrupt industries then I’m saying there’s a chance.”

Cuban goes on to note that the speculative nature of crypto doesn’t diminish its potential to usher in a new era of financial technology.

“Look at all the financial interactions you have in your life for banking, insurance, buying and selling where you have to trust faceless, nameless people working for a company whose decisions can change your life. Would you prefer to continue to trust them?

Or would you prefer to work with a deterministic, distributed system that is not built on trusting those companies but rather built on a transparent set of rules that are out in the open for anyone to see? These are the reasons crypto has taken off.

Yes, there is massive speculation. Just as there has been at the inflection point of every new technology. And every single one of the technologies has been dismissed by legacy institutions. Until they weren’t.”

Cuban and Mallouk are also going back and forth on a potential long-term crypto vs. equities bet, but at time of writing it’s unclear whether the wager became a reality.

Earlier this week, Cuban defended DOGE against the claim that it does not have significant utility, noting that it is the cenral crypto asset that people have been using for transactions at the Mavericks, but that its central roadblock in its path towards further adoption is that Robinhood users cannot directly spend the DOGE that they’ve bought on the app.

“Because Doge is the one coin that people actually use for transactions. We take many others via BitPay. But people spend their Doge and that means more businesses will start taking it. The greatest inhibitor to its growth is that you can’t spend the Doge you buy on Robinhood.”

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Young South Korean Crypto Enthusiasts Ditch Youtube For TikTok

Young South Korean crypto enthusiasts are reportedly increasingly shunning YouTube – once their favorite resource for crypto investment advice and token-related talk – in favor of TikTok-based crypto content-makers. Per Chosun, Generation Z investors are increasingly looking to broaden their horizons – sinking their wages from part-time jobs into crypto and stock

Got crypto? Here are 3 debit cards that let you spend your stack

Crypto debit cards are growing in popularity as holders look for effortless ways to spend their assets.

As blockchain technology and the public's awareness of cryptocurrency continues to grow, a range of new use cases a coming to market and enhancing the efficacy of legacy financial systems.

Despite its many applications, the original use case for Bitcoin (BTC) as a medium of exchange remains one of the most fundamental applications of blockchain technology and while BTC might not be the best asset to use for payments, there are service providers who have eased the process of settling transactions in other cryptocurrencies.

For now, the most widely accepted way to use cryptocurrencies for direct payments in everyday life is through the use of crypto debit cards which allow users to convert their crypto holdings into U.S. dollars. They essentially work in the same way that a prepaid debit does.

With institutions showing an increased interest in the growing cryptocurrency sector and mainstream awareness of blockchain technology at its highest level ever, crypto debits cards are increasing in prevalence as new players enter the field to try and capture a share in this growing market.

Three of the debit cards with a track record of success and attractive rewards are BitPay, and the Nexo Card.


The BitPay prepaid Mastercard has emerged as a top choice for many cryptocurrency holders thanks to its ease of use and low fees. It originally launched in 2016 as a US-only debit card and mainly functioned as a Bitcoin payments processor.

BitPay now supports eight different fiat currency options alongside support for Bitcoin, Ethereum (ETH), Gemini Dollar (GUSD), USD Coin (USDC), Paxos (PAX) and Bitcoin Cash (BCH).

Users who wish to obtain the card must first pay a $9.95 activation fee and provide their social security and driver’s license number to gain access. Once approved, the user can load cryptocurrencies onto their BitPay wallet and then convert them to dollars to make them available on the card.

There are no transaction fees for users in the U.S., and the card has a daily spending limit of $10,000 with a maximum account balance of $25,000.

For the ardent cryptocurrency fan, the debit card is one of the top choices due to the fact that it has a built-in native token called Coin (CRO) which functions as the primary currency and reward token for the blockchain.

Benefits of using the card include 100% cashback on popular streaming services like Netflix and Spotify as well as up to 8% cashback on regular purchases. users can choose from a list of more than 100 of the top cryptocurrencies to fund their card by depositing them into their account and converting them into a stablecoin which is then loaded onto their debit card.

The ecosystem offers five different Visa debit cards that have a tiered reward structure that increases depending on the amount of CRO that a user has staked in their account.

Tiers range from requiring a stake of 5,000 CRO for the Ruby Steel card, all the way up to needing 5 million staked CRO to obtain the Obsidian card which offers 8% cashback on all purchases. There is also a basic version of the card that doesn’t require any staking and offers 1% cashback on all purchases.

Nexo Card

A third choice that offers a different structure than most crypto debit cards is the Nexo Card and its native NEXO cryptocurrency which currently trades at $3.63.

Instead of requiring users to convert the cryptocurrency held into their accounts into U.S. dollars before use, Nexo issues an instantaneous loan based on the value of the cryptocurrency held in a users account and settles the transaction in fiat currency.

This allows users to access the value of their cryptocurrency assets without having to sell them. The loan can be repaid using either cryptocurrency or fiat through their Nexo account with the possibility of having the minimum payment paid off by the yield earned on a users staked cryptocurrency assets.

Interest rates for charges on the card are set at 5.9%, and there are no monthly or annual exchange fees. In addition to this, users receive 2% cash back in the form of Nexo tokens or BTC.

As more banks and institutions in the U.S. and around the world take a stake in the cryptocurrency sector in order to find ways to capitalize on the growing market, crypto debit cards are likely to become a more prominent fixture in legacy payment channels.

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Every investment and trading move involves risk, you should conduct your own research when making a decision.

Ethereum Price Prediction: ETH price rally towards $3,000 intensifies

TL;DR Breakdown

  • Ethereum price prediction shows the crypto asset is on course in reaching the $3,000 mark.
  • A decisive close above the $2,700 mark will ensure Ethereum’s bullish narrative remains.
  • Key technical indicators suggest Ethereum is in for a brief selling spree soon.
  • The sustenance of the ongoing buying pressure is going to push Ethereum’s value higher, invalidating the looming bearish narrative.

At present, Ethereum is recording recovery price movements after taking a beating in the recent market crash. While the crypto asset is recording sideways price movements at the moment, it has managed to break its ceiling in setting up a new ATH. Although this comes as good news for Ethereum holders and investors, the sudden price surge could trigger a minor drawback.

Ethereum Price Prediction: General price overview

Among the top 10 cryptocurrencies in the market, Ethereum continues to lead the pack in recording positive price movement this week. The smart contract crypto coin depreciated twice last week to settle slightly above the $2,000 support line last week. Luckily for the coin, the bulls came out this week in a renewed push to see it gain towards the coveted $3,000 mark. The $2,000 support line played a critical role in ensuring the Ethereum surges upwards. The most recent surge has seen the crypto asset appreciate above the $2,700 mark, slightly missing the $2,800 mark.

At the time of writing, Ethereum is exchanging hands at $2,762, putting a relentless fight for the $3,000 mark. Although sideways trading appears to be taking precedence, according to the Relative Strength Index, the bulls appear focused on ensuring Ether closes the day above the $2,800 mark. Currently, the RSI indicator is at 63, after the Ethereum entering into the overbought region. Entering the overbought region is a good thing for Ethereum as it shows it currently enjoys investor confidence.

Ethereum price movement in the past 24 hours

Ethereum Price Prediction: ETH price rally towards $3,000 intensifies 1
Source: TradingView

On the 24-hour chart, Ether’s price movement shows 2 critical technical formations, that insinuate the crypto asset is in for a bearish leg. The Momentum Reversal Indicator (MRI) and the spinning top candle paint a bearish narrative. Both these technical indicators appear to show Ethereum’s bullish momentum is facing exhaustion, which suggests it is going to face some sought of price correction. With the Momentum Reversal Indicator flashing a red 1-candlestick on the 24-hour chart, it suggests Ethereum might face a 1-to-4 candlestick correction soon. Also, with spinning top candlestick moving below Ethereum’s opening price, it predicts a price reversal is in the offing.

At the time of writing, Ethereum’s value is increasing, however, the number of daily active addresses appears to be shrinking. The number of active addresses has depreciated by around 7 percent from 700,000 to around 660,000 since 21st April. This paints a bearish narrative for Ethereum.

Ethereum 4-hour chart

Ethereum Price Prediction: ETH price rally towards $3,000 intensifies 2
Source: TradingView

According to the crypto asset’s 4-hour chart, the Moving Average Convergence (MACD) indicator shows Ethereum is gradually having a bearish outlook. This is clear with the MACD blue line moving below the signal line. If the situation remains the same, Ethereum risks experiencing heightened overhead and selling pressure, a move sure to push it back towards the $2,700 line.


While major technical indicators paint a bearish narrative, the bulls should consider the possibility of Ethereum resisting these indicators and focus on the ongoing bullish momentum. If Ethereum manages to rally above the $2,800 mark, it will nullify the projected bearish outlook and proceed with its bull run. Investors should expect the pioneer smart contract token in such an event to surge towards the $2,900 mark.  

Disclaimer. The information provided is not trading advice. holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

How This Bitcoin Pegged Token Could Protect Holders From Volatility

Anonymous analyst “Wezek Bruh” posted the main reasons why BadgerDAO and its native token pegged to Bitcoin, DIGG, could be a great opportunity for investors. Created as a rebase token, DIGG has the capacity to contract or expand its supply to meet a price target, as Wezek Bruh explained.

The analyst believes there is value in DIGG as a potential speculative investment and a “critical part of the Badger ecosystem”. DIGG holders have a fixed percentage of the token’s total supply market cap. Although its price is determined by market dynamics, the numbers of DIGGs an investor has, within a wallet or smart contract, can increase or decrease depending.

This is determined by the positive or negative rebase, but as the analyst explained, this mechanism is designed for the investor to “always keep your share of the pie”. Wezek Bruh added:

The main takeaway is that you should think about your DIGG position in terms of percentage ownership of the total market cap rather than the number of tokens multiplied by the price per token.

DIGG holders can stake their tokens inside a Badger vault and receive rewards with the token bDIGG. Currently, there is a 43% APY with this product. Unlike DIGG, bDIGG is not subject to the rebase mechanism. The analyst said the following about BadgerDAO and one of its investment Bitcoin-based strategies:

(…) you can buy DIGG which imperfectly tracks the price of BTC, stake it in Badger to earn 43% APY, and also get bDIGG tokens back in your wallet that you can use in other places within DeFi.

The analyst highlights that BadgerDAO offers its users incentives that allow both holders and the protocol to benefit. Therefore, the latter can build a sustainable model.

How DIGG Can Be A Hedge Against Bitcoin’s Swings

As Wezek Bruh further explained, DIGG’s is rebased on a 10-day period. The mechanism responds to BTC’s price oscillation. Therefore, DIGG takes longer to react to a crash or bull-run. This window can be leverage in more investment strategies.

Since the token tracks BTC’s price performance, DIGG can be considered a synthetic version of Bitcoin. An “impure” one, as the analyst claimed. However, BadgerDAO has the objective of integrating BTC with the DeFi sector. Wezek Bruh added:

Badger is entirely focused on bringing BTC to DeFi. And with DIGG, it is one of the few places that offer yield in BTC. In the end, I prefer BTC over “fill in the blank” latest token of the week.

In contrast with other synthetic versions of BTC operating on the DeFi sector, such as Wrapped Bitcoin (WBTC), DIGG removes a risk factor by not requiring users to provide collateral. The analyst believes this protocol can reach the “Holy Grail of crypto” by combining BTC’s feature as a store of value with the “long-term” utility found in DeFi and Ethereum’s ecosystem. Wezek Bruh said:

The mechanics around DIGG may be different, but the utility remains as DIGG owners are provided BTC in-direct exposure on Ethereum to earn interest (bDIGG, ibBTC), lend against their positions, and (most importantly) as a composable asset in DeFi to do much more!

Bitcoin trades at $57.043 with a 7.6% rally in the daily chart. In the weekly and monthly chart, BTC has a 9.7% profit and a 2.8% loss, respectively.

BTC with medium gains in the daily chart. Source: BTCUSD Tradingview

Bitcoin critic Peter Schiff says both the American economy and US dollar are going to crash

Peter Schiff, CEO of Euro Pacific Capital and a well-known critic of Bitcoin, went full-on doomsayer mode yesterday with predictions of everything collapsing—the U.S. dollar, the American economy, and, of course, Bitcoin (BTC).

“I don’t think these Bitcoin collections are going to be worth anything when the music stops,” Schiff said in an interview with financial analysis firm RealVision on Wednesday, adding, “You can’t do anything with a Bitcoin. Once nobody wants your Bitcoin, it’s completely worthless.”

He went on to compare Bitcoin to the Beanie Babies craze, noting that people ostensibly could at least use them to insulate their homes by shoving the toys “in between the walls” when that bubble collapsed. Bitcoin, on the other hand, can’t be used for even that, Schiff noted.

“Bitcoin is not a currency, it’s not used as a medium of the exchange really, or a unit of account. It’s just used for speculation. It’s not an investment asset like real estate, doesn’t pay rent, it’s not a stock, it doesn’t pay dividends, it’s not a bond, it doesn’t pay interest. It’s not even a commodity, because you can’t use it for anything. It’s a collectible token,” Schiff argued.

Everything is going down

On the other hand, Bitcoin is not the only asset that is currently on its way down. According to Schiff, the U.S. dollar is also likely to collapse alongside. The question is, which one of them will be the first to go?

“The Bitcoin bubble might pop before the dollar bubble. We may have a cryptocurrency crisis before we have a dollar crisis,” said Schiff. “We have this enormous government and a giant bubble economy that’s sustained by the artificial suppression of interest rates. That continues to exacerbate these underlying economic imbalances that ultimately are going to need to be corrected with a major economic collapse.”

He also argued that people should be “unchained” from the government and free from  income or social security taxes. Instead, they will be better off saving for their own retirement instead of relying on “a government Ponzi scheme.”

“The US economy today is in far worse shape than it was in the year 2000. The imbalances are much bigger, the debts are much bigger. This is going to be a much bigger dollar decline than we had from 2000 to 2008. The next crisis is going to be a US dollar crisis and a sovereign debt crisis,” Schiff concluded.

As CryptoSlate reported, analysts at major American investment bank JPMorgan recently also pointed out that Bitcoin is not immune to global financial uncertainty and is showing “weakness” lately.

The post Bitcoin critic Peter Schiff says both the American economy and US dollar are going to crash appeared first on CryptoSlate.

Thomas Farley: Cryptocurrency Is Here to Stay

Bitcoin and cryptocurrency have been all the rage as of late, but they are attracting a lot more than retailers and standard crypto investors. Wall Street is getting heavily intrigued by digital currency as well, and one man – Thomas Farley, the former president of the New York Stock Exchange (NYSE) – feels that the future of finance may very well have crypto serving at the forefront.

Thomas Farley: I’m Excited By Crypto

In a recent interview, Farley commented that cryptocurrency was “the best-kept secret in the world and maybe the financial markets.” He is a big fan of Coinbase in particular, and really admires the move they made not too long ago in getting listed on the Nasdaq. While the stock shares have fallen in price in recent days, he is confident that this was an important move to make in getting the cryptocurrency industry closer to mainstream territory.

In an interview, he states:

The only thing I find more exciting… is talking about crypto. I am all in, and I think Coinbase (COIN) is a great company. I think the crypto space is amazing right now, notwithstanding the press it has gotten. I think it is the best-kept secret in the world and maybe the history of the financial markets. I will give you a stat. Coinbase, today, is the eighth largest exchange in the world. If you ask the everyday American, they probably think it is the biggest exchange in the world.

Despite the popularity of Coinbase, it is still outranked by trading platforms such as Binance, which is arguably the largest digital exchange in terms of daily market volume.

Still, at the end of the day, this Nasdaq listing has been giving Coinbase all kinds of new attention that could potentially boost its position on the financial trading ladder. In addition to crypto, Farley is also highly intrigued by the world of decentralized finance (defi) and says that its volume is increasing to unprecedented levels.

He says:

There is this corner of crypto called defi where essentially very smart kids are putting code up on a blockchain of their choosing and then you have a self-operating smart contract. Defi exchanges are doing as much volume if not more than Coinbase today.

We’re Past the Point of No Return

Farley also says that traditional banks and financial institutions, up to this point, have largely ignored the growing cryptocurrency space, and that this will likely come back to haunt them in the end. He explains:

The banks who for a century have made markets in every asset around the world have ignored this and abdicated their role and allowed Coinbase to become an $80 billion company… Retail has just moved around it and found other ways to access this asset class. I think [crypto] is fascinating and I think it is here to stay.

The post Thomas Farley: Cryptocurrency Is Here to Stay appeared first on Live Bitcoin News.

Tezro, Your New Fastest and Most Secured Payment Tool

The text below is an advertorial article that was not written by journalists. Tezro is a multi-purpose platform that allows you to chat and send cryptocurrency. According to Tezro, ‘your chat is your bank’. Not only can you use it to chat with a friend. You can use it to quickly send your friend some crypto if the topic ever comes up. Signing up to Tezro is quick and easy.

Price analysis 4/30: BTC, ETH, BNB, XRP, ADA, DOGE, DOT, UNI, LTC, BCH

After days of range-bound action, Bitcoin and many altcoins made a strong comeback today, indicating buying at lower levels.

The recent weakness in Bitcoin (BTC) price did not see any panic selling by investors, suggesting the sentiment in the crypto sector remains bullish. After Ether’s (ETH) strong run in the past few days, Bitcoin played catch up today as it reclaimed the $55,000 level. This suggests investors continue to accumulate on dips.

Gaming-focused venture capital fund Bitkraft Ventures, with more than $400 million in assets under management, has tied up with crypto research firm Delphi Digital to invest in crypto-assets and related projects.

The demand from institutions also seems to be picking up in Asia. To cater to this demand, Huobi Asset Management has launched four cryptocurrency-related tracker funds.

Daily cryptocurrency market performance. Source: Coin360

To provide institutional clients with digital assets data and analytics, Fidelity has announced the launch of Sherlock, a product similar to Bloomberg’s Terminal, that will offer both fundamental and technical analysis research for the fund managers.

Along with new entrants, the existing investors are also looking to add to their crypto holdings. MicroStrategy CEO Michael Saylor said in a press release on April 30 that the company “will continue to acquire and hold additional bitcoin as we seek to create additional value for shareholders.”

The resilience of Bitcoin and other major altcoins shows the markets have matured. Let’s analyze the charts of the top-10 cryptocurrencies to determine the direction of the next possible trending move.


After hesitating near the 20-day exponential moving average ($55,324) for the past two days, Bitcoin has soared to the 50-day simple moving average ($56,897) today. If the bulls propel the price above the 50-day SMA, an up-move to the $61,825.84 to $64,849.27 resistance zone is possible.

BTC/USDT daily chart. Source: TradingView

The flat moving averages and the relative strength index (RSI) above 53 suggest the selling pressure has subsided. However, the bulls may face stiff resistance at the current level and again at the overhead resistance zone.

If the price turns down from the current level and breaks the $52,500 support, it will suggest that bears are aggressively selling near the 50-day SMA. That could result in a retest of the $50,460 level and then $46,985.02.

The next trending move is likely to start on a break above $64,849.27 or a slide below $46,985.02. Until then, volatile range-bound action is likely to continue.


Ether formed a Doji candlestick pattern on April 29 and has made an inside-day candlestick pattern today, indicating hesitation near the resistance line of the ascending channel. However, if the bulls do not give up much ground, the uptrend is likely to resume.

ETH/USDT daily chart. Source: TradingView

A breakout of the channel will suggest the momentum remains strong and that could result in a sharp rally to $3,000. The rising moving averages and the RSI near the overbought territory indicate advantage to the bulls.

However, if the bulls fail to push the price above the channel within the next couple of days, the ETH/USDT pair may witness profit-booking. That could pull the price down to the 20-day EMA ($2,417). A break below the support line of the channel will signal a possible trend reversal.


Binance Coin (BNB) broke above the resistance line of the symmetrical triangle on April 29. This suggests the resumption of the uptrend. The pattern target of the breakout from the triangle is $808.57.

BNB/USDT daily chart. Source: TradingView

The rising moving averages and the RSI near the overbought territory indicate the bulls are in control. The buyers may face resistance at $638.57 but if the price does not dip back below the triangle, the BNB/USDT pair remains on target to start the next leg of the uptrend.

This bullish view will invalidate in the short term if the price slips and re-enters the triangle. Such a move could keep the price in a consolidation for a few more days. The pair will signal a trend reversal if the price breaks and sustains below the triangle.


XRP formed an inside-day candlestick pattern on April 29, which has resolved to the upside today. The bulls have pushed the price above the 61.8% Fibonacci retracement level at $1.55, signaling strength.

XRP/USDT daily chart. Source: TradingView

If the bulls sustain the price above $1.55, the XRP/USDT pair could rally to $1.73 and then retest the 52-week high at $1.96. The rising 20-day EMA ($1.29) and the RSI near 64 suggest the bulls have the upper hand.

Contrary to this assumption, if the bears pull the price back below $1.55, it will suggest profit-booking at higher levels. A break below the 20-day EMA will indicate the bullish momentum has weakened and that could keep the pair range-bound for a few days.


Cardano (ADA) witnessed profit-booking on April 29 at $1.41 but the bulls did not allow the price to dip below the 20-day EMA ($1.25). This is a positive sign and it keeps the altcoin on track to reach the overhead resistance at $1.48.

ADA/USDT daily chart. Source: TradingView

If the price turns down from the $1.48 resistance, the ADA/USDT pair could extend its stay inside the range. The flattish moving averages and the RSI above 58 also point to a consolidation in the near term.

This neutral view will invalidate if the bulls push the price above the $1.48 to $1.55 overhead resistance zone. Such a move will suggest that the bulls have overpowered the bears and a new uptrend is likely. The next target objective on the upside is $2.

The bears could smell an opportunity if the price breaks and sustains below the moving averages. A break below $1.03 will signal a possible change in trend.


Dogecoin (DOGE) turned down from $0.34 on April 29 but the bulls are not giving up much ground, which is a positive sign. The inside-day candlestick pattern on April 29 and today suggests uncertainty among the bulls and the bears.

DOGE/USDT daily chart. Source: TradingView

However, the upsloping 20-day EMA ($0.24) and the RSI above 62, indicate the path of least resistance is to the upside. If the bulls propel the price above $0.34, the DOGE/USDT pair is likely to pick up momentum and rally to $0.42.

Contrary to this assumption, if the price turns down and breaks below $0.29, the pair could drop to the 20-day EMA. A bounce off this support could keep the pair range-bound for a few days. The trend may turn in favor of the bears if the pair breaks and closes below the 20-day EMA.


Polkadot (DOT) has formed a Doji candlestick pattern today, suggesting hesitation by the bulls to continue buying near the 50-day SMA ($36.91). However, if the bears fail to sink the price below $32.50 in the next few days, the buying is likely to resume.

DOT/USDT daily chart. Source: TradingView

A break above the 50-day SMA will clear the path for a possible move to $42.28. This level may again act as stiff resistance and if the price turns down from it, the DOT/USDT pair could remain stuck in the $26.50 to $42.28 range for a few more days.

Alternatively, if the price slips below $32.50, sellers may take charge and sink the pair to $26.50 where buying could emerge. The flat moving averages and the RSI near the midpoint suggest a balance between supply and demand.


Uniswap (UNI) pierced the resistance line of the ascending channel on April 28 but the bulls could not sustain the momentum. The price turned down and re-entered the channel on April 29, indicating a lack of demand at higher levels.

UNI/USDT daily chart. Source: TradingView

The negative divergence on the RSI remains intact, which warns that the bullish momentum may be waning. If the price dips below $37.50, the UNI/USDT pair could drop to the 20-day EMA ($35.67), which is an important support to watch out for.

A break below this support could result in a decline to the support line of the channel. Conversely, if the price rebounds off the 20-day EMA with strength, it will indicate buying on dips, increasing the possibility of a break above the channel. If that happens, the pair could rise to $50.


Litecoin (LTC) witnessed a minor correction on April 28 and 29 but the bulls did not allow the price to drop below the 20-day EMA ($251), This is a positive sign as it suggests that traders are not waiting for a deeper correction to buy.

LTC/USDT daily chart. Source: TradingView

If the bulls can sustain the price above $266.68, the LTC/USDT pair is likely to reach the 61.8% Fibonacci retracement level at $286.02.This level may act as a major hurdle but if the LTC/USDT pair can climb above it, then a rally to $335.03 is possible.

The 20-day EMA has started to turn up and the RSI is gradually moving up, suggesting the buyers are trying to gain control. This positive view will be negated if the price turns down and plummets below $246.96. Such a move could open the gates for a decline to the 50-day SMA ($226).


Bitcoin Cash (BCH) formed an inside-day candlestick pattern on April 29, which has resolved to the upside today. The bulls will now try to push the price above the 61.8% Fibonacci retracement level at $1,012.29

BCH/USDT daily chart. Source: TradingView

If they succeed, the BCH/USDT pair could retest $1,213.51. The gradually rising 20-day EMA ($839) and the RSI above 63 suggest the bulls have a minor advantage.

However, if the price turns down from the current level, it will indicate that bears are selling on rallies. They will then try to sink the price below the 20-day EMA. If they manage to do that, the pair could drop to $686.75.

On the contrary, a rebound off the 20-day EMA will suggest the sentiment remains positive. The bulls may then make one more attempt to drive the price above $1,012.29.

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk. You should conduct your own research when making a decision.

Market data is provided by HitBTC exchange.

Here’s What Could Trigger Widespread Ban on Bitcoin, According to Macro Investor Jim Rogers

Macro investor and financial commentator Jim Rogers says governments may take steps to ban Bitcoin if the cryptocurrency begins seriously threatening the future of fiat currencies.

In a new video, Rogers argues that if Bitcoin’s use case as a currency solidifies then there is a real danger of it usurping fiat currencies. Rather than cede power, governments will seek to “outlaw” the flagship asset, predicts Rogers.

“If Bitcoin ever becomes a viable currency, not a trading vehicle, but a viable currency, they can outlaw it.

“If it’s just a trading vehicle, I don’t see any reason that they would outlaw it. Unless it’s money laundering or something like that. No, if people aren’t trying to use it to compete with government money, why not?”

The macro investor adds that the threat governments pose to Bitcoin will only grow once governments develop digital versions of their own fiat currencies.

“Governments don’t want to lose control. They like their monopoly, and once they all have their own government money, do you think they’re going to say, ‘Okay, here are US dollars and they’re on the computer, but if you want to use something else, you can?’

That’s actually not my experience with governments anytime in history… well, most times in history. And I can’t imagine the US government’s going to let people do that.”

But for now, Rogers points out that he views Bitcoin primarily as just a tradable asset with few other use cases unlike metals such as silver.

“As a store of value, I don’t – well, yeah, considerably, but I don’t know what the value is. Listen, if we have a store of value of silver, I know that silver can be used in solar panels, and electric cars, etc, etc. I don’t know what Bitcoin can be used as except for trading them.”


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Turkey Jails 6 People as Police Widen Search for Missing Cryptocurrency Exchange CEO Accused of Exit Scam

Turkey Jails 6 People as Police Widen Search for Missing Cryptocurrency Exchange CEO Accused of Exit Scam

Turkey has now jailed six suspects connected to the cryptocurrency exchange Thodex, which has been accused of an exit scam. Turkish authorities and Interpol have widened their search for the exchange’s CEO, who fled the country before shutting down his trading platform, preventing customers from withdrawing their funds.

Search Widens for CEO of Crypto Exchange Thodex

A Turkish court has jailed six suspects in connection with the cryptocurrency exchange Thodex which has been accused of an exit scam, Reuters reported Thursday.

The exchange abruptly halted trading last week after its CEO, Faruk Fatih Ozer, fled the country to Albania. Customers have filed complaints against the exchange as they cannot log in to their accounts and withdraw their funds.

The spokeswoman for Istanbul’s Anadolu prosecutor’s office said that the six jailed suspects include Ozer’s brother, sister, and senior company employees, noting that they are awaiting trial. At least 83 people were detained over the past week, but most have been released. Seven were let go on Thursday with judicial control measures.

Interpol has issued a red notice for the Thodex CEO at the request of Turkey. Noting that Turkey has sent units to four countries to search for Ozer, including Albania, Turkish Interior Minister Suleyman Soylu said this week in an interview with NTV:

When he is caught with the red notice, we have extradition agreements with a large part of these countries. God willing he will be caught and he will be returned.

While users and media claimed that Ozer had run off with $2 billion of customers’ funds, Minister Soylu said the company’s portfolio shows $108 million.

Thodex is not the only crypto exchange being investigated by Turkish authorities. Verbitcoin also halted trading abruptly and is currently being investigated for fraud. This week, four people were jailed pending trial as part of an investigation into Vebitcoin.

The Turkish central bank recently banned the use of cryptocurrencies for payment but has indicated that it does not intend to ban cryptocurrencies. The government is now working on establishing a regulatory framework for cryptocurrencies.

Do you think Thodex pulled an exit scam? Let us know in the comments section below.

ICE and Union Square Ventures Sold Off Over $1B of Coinbase Shares

Shortly after Coinbase became a publicly-traded company, some of its long-term backers sold their portions and netted significant profits. Such is the case with Union Square Ventures and the Intercontinental Exchange, as both pocketed more than $1 billion.

ICE Sell Off Coinbase Shares

CryptoPotato reported in mid-April the significant milestone in the entire cryptocurrency industry when the giant US-based exchange Coinbase officially went public on Nasdaq through a direct listing. The first trading hours were highly volatile in which the COIN shares went above $400 briefly and then dumped below $300, where they are currently situated as well.

When the dust settled, reports started to emerge claiming who bought and who sold. Quite a few of them alleged that Coinbase’s executives disposed of large portions of their holdings. Nevertheless, the exchange provided more clarity on that particular matter this week.

One large organization that indeed sold off its COIN shares was the Intercontinental Exchange, according to its Q1 2021 earnings call. The owner of the New York Stock Exchange disposed of its 1.4% stake for $1.2 billion ($900 million net after-tax).

The entity’s CFO, Scott Hill, explained that ICE used the proceeds to pay down debt.

“When you think about the Coinbase proceeds – that give us some additional flexibility as we kind of move into the rest of the year.” – commented the incoming CFO, Warren Gardiner.

The ICE’s initial “minority” investment in Coinbase came in early 2015 when the organization participated in a $75 million Series C funding round.

Union Square Ventures Dumps COIN Too

A Bloomberg coverage informed of another large company disposing of its COIN shares after Coinbase’s direct listing – Union Square Ventures. The firm allocated $2.5 million in the crypto exchange in May 2013 and its co-founder Fred Wilson justified the decision by saying, “it’s a gut bet.”

Fast-forward eight years, and the “gut bet” became the company’s most profitable exit, according to the report. Union Square Ventures sold 4.7 million COIN shares for $1.8 billion on the day Coinbase went public. It’s worth exemplifying the ROI in this case which is roughly 72,000%. Not bad for a “gut bet.”

While USV and ICE have dumped their COIN stocks, Cathie Wood’s Ark Funds have acted in the opposite manner as three of them have acquired over one million Coinbase shares, valued at around $350 million.

Andreessen Horowitz Looking to Raise $1 Billion For a Crypto VC Fund

Crypto Wall Street

Andreessen Horowitz, one of the largest venture capital firms is looking to raise $1 billion for a crypto VC find that would invest in different cryptocurrencies and growing crypto startups and issue shares for institutional investors to gain exposure to largely popular crypto assets. The decision comes on the heel of its successful crypto investment in the form of Coinbase, the $85 billion cryptocurrency exchange that made its debut a couple of weeks back on Nasdaq.

The planned $1 billion crypto VC fund would company’s third crypto venture after its investments in Coinbase and Ripple. The current investment in the fund would also make it the highest crypto fund investor among VC firms. The company’s share in Coinbase at its debut was $11.2 billion out of which the firm has sold $120 million worth of stake.

The Institutional Interest in Crypto Continue to Surge

The 2017 bull run was mostly carried by retail players while Wall Street investors were mere spectators citing volatility as an issue, however in the current bull season that has changed, and some of the biggest critic and Wall Street giants have rushed to gain crypto exposure. Be it the oldest custody bank in the US BNY Mellon or former critic JP Morgan and Goldman Sachs.

In absence of a regulated crypto investment vehicle in the US, wall street giants have turned to private funds and VC funds that invest in cryptocurrencies and then issues share against it for institutional investors to invest in. The largest crypto fund from Grayscale is estimated to be worth $45 billion. Many institutions are eagerly waiting for the approval of the first Bitcoin ETF in the US to be able to invest in a compliant crypto index.

The post Andreessen Horowitz Looking to Raise $1 Billion For a Crypto VC Fund appeared first on Coingape.

Experts debate Bitcoin climate footprint in latest Cointelegraph Crypto Duel

In the latest Cointelegraph video debate, experts discuss pathways towards making Bitcoin more sustainable.

In the latest Cointelegraph Crypto Duel, founder of Digiconomist Alex de Vries and CEO and founder of Blockchain for Climate Joseph Pallant debated the intensity of Bitcoin’s footprint and possible paths forward to reduce it. 

As pointed out by de Vries, Bitcoin’s energy consumption has been increasing together with its network.  The analyst predicts its carbon footprint could increase tremendously as Bitcoin gets closer to mass adoption.

“I fear that this will quickly get completely out of control if adoption increases a lot more”, he said.

According to de Vries, as long as Bitcoin functions with a proof-of-work system, bringing down emissions will be difficult. De Vries doesn’t see the incentive for miners to embrace renewables, given the intermittency of this type of energy sources.

“There's no incentive for miners to just enrol themselves into a scheme where they can only get power for an hour of day”, he pointed out.

Thus, according to the analyst, Bitcoin miners will continue relying on fossil fuels in the forseeable future. 

Pallant disagrees. He believes that cheap renewables will be playing an important role in reducing the environmental footprint of Bitcoin.

"We do know that in a lot of places solar and wind power is the lowest cost", he said. 

Pallant also believes that blockchain tech could be used to establish a record of those Bitcoins that are mined with renewables, thus stimulating demand for those "green coins" among institutional investors. 

"We can get to net-zero emissions of these blockchains through reducing emissions where we can and offsetting the rest", Pallant pointed out. 

To check out the full debate, watch it on our YouTube channel and don’t forget to subscribe!

NFTs Are Much Bigger Than An Art Fad

Tomorrow Comes soon by daveed. The artwork updates four times a day to reflect sunrise, day, sunset, night cycles. James Bowden, Lecturer in Financial Technology, University of Strathclyde, and Edward Thomas Jones, Lecturer in Economics, Bangor University. _____ Sotheby’s has become the latest establishment name in art to dive into NFTs (non-fungible tokens) through its

Impact of crypto still years out, T. Rowe Price’s head says

Crypto could still be in its infancy, according to one mainstream company's CEO.

Although the crypto space has been around for more than a decade, William Stromberg, CEO of mainstream investment management outfit T. Rowe Price, thinks the asset class is still finding its sea legs. 

"It's early days,” Stromberg told the Baltimore Business Journal in an interview when asked if “T. Rowe Price will ever start investing in cryptocurrencies.”

“We have some research going on around it,” the CEO added. “Some companies, just really a handful, have tried to put together products where one can buy and own crypto-related currencies.”

So far, a crypto-free strategy is working for Stromberg. Quarter one of this year was a great one for T. Rowe Price. The firm notched $1.52 trillion in assets under management, and saw its profits rise by over 100%, the Baltimore Business Journal article detailed. 

A number of avenues exist for investing directly in cryptocurrencies. A growing number of avenues also exist for exposure to crypto assets via traditional financial products as well, although the opportunities are not as diverse, as opposed to interacting directly with specific cryptocurrencies.

The Chicago Mercantile Exchange, or CME, offers Bitcoin (BTC) futures and options trading, as well as Ethereum (ETH) futures, for example. Among other crypto investment gateways, Grayscale also offers a variety of mainstream crypto investment vehicles.

“It really truly is early, early days here so I would expect this to move at a good pace but take years to really unfold," Stromberg added in his response to the Baltimore Business Journal’s question on crypto.

Stromberg’s crypto comments came after the CEO discussed the overall financial landscape of American markets, for which he sees a positive future. "We are very bullish on the economy and the growth of the economy as it reopens and that reopening broadens," he told the Baltimore Business Journal.

Although in general crypto is not technically tied to any specific region or government, its price action can arguably be influenced by certain events, based on the price crash Bitcoin suffered during March 2020 around COVID-19 concerns, however some debate exists on the subject.

Bitcoin Gaming and Why It Takes Over the World of Casino

Bitcoin Gaming and Why It Takes Over the World of Casino

Technologies have gone far, there is no doubt to that. And the technological world we are living in is continuing to value digital currencies much more than traditional ones. They give a greater freedom to purchase valuables and place your bets without being traced. 

That is why playing casino games with Bitcoin has become so booming. Still, not all gamblers have trust in this type of playing. In this short guide, we will reveal the benefits of Bitcoin gambling and let you see why it’s absolutely worth trying.

Play Casino Games With No Risks and Transparent Conditions: How It Is Possible?

Even though most people haven’t yet developed a steady relationship with Bitcoin, there is a list of reasons why Bitcoin gambling is actually safer than classical gambling. Here are the biggest of them. 

  1. Bitcoin casinos usually offer clean conditions. 

The places that use only traditional currencies have a lot of profit from naive gamblers. They make it easy to conceal wins and losses naming those tricks bonuses and weird rules. In Bitcoin casinos, you won’t see that since almost every casino based on the use of crypto gives you clear rights, has all its terms open for users, and runs financial processes errorlessly.  

  1. Playing in Bitcoin casinos is cheaper. 

If you just think of the bank transactions usually made in casinos and those percents taken from you every time, you, perhaps, lose the desire to play there. Meanwhile, in Bitcoin casino platforms, transaction fees are either very low or zero. In case you hit an unregulated casino, they appear even lower. 

  1. It is faster and more convenient. 

With a nice Bitcoin casino, you can send your deposit and expect it to be delivered right away. It won’t ask you to wait 2-5 business days (in the best case). What is more, the new-generation casinos allow you to withdraw wins instantly from your account. Plus, many platforms for Bitcoin gambling offer fast exchange of Bitcoin to fiat currency. 

  1. Bitcoin casinos encourage more promotions. 

Depending on the policy of a specific casino, you could win up to 500 USD by just making basic deposits. The superb convenience of such places also includes receiving bonuses in different crypto coins withdrawing them anytime you feel like doing it. 

  1. Casinos with Bitcoins often provide a richer game selection. 

Imagine the casino where you are never limited to the choice of games. Ever. What is more, this casino will offer games with higher return-to-player percentage. In Bitcoin casinos, it’s a daily reality, not a dream. Compared even to advanced traditional casinos with pretty nice reputations, Bitcoin casinos still win both in gambling and betting opportunities. 

So, if you badly want to experience an immersive casino game playing, use all the possible benefits and promotions, and never worry about your security online, you are welcome to try out Bitcoin gambling at DuckDice and start taking home your first wins within days after registration.