2021-07-18 12:31:12
What Happened In the Markets While You Were Asleep
1. Coinbase Receives 13,003 BTC from Anonymous Whale Over Past 3 Hours
According to a recent tweet by the crypto track Whale Alert’s team, over the past three hours, an anonymous crypto whale has moved a staggering 13,003 Bitcoins to Coinbase – the largest US-based crypto trading venue. Coinbase crypto giant has received a transfer of $408.8 million in Bitcoin from an anonymous BTC wallet for a $3.6 fee.
2. Black Rock Petroleum Set to Operate One Million BTC Miners in Canada
- Black Rock Petroleum is making its foray into crypto mining with its latest partnership.
- The three-year deal will see over one million miners moved into three separate Natural Gas sites.
- The move comes as other mining operations look to push more eco-friendly mining methods.
3. U.S Inflation At Highest Level Since 2008, And Bitcoin Just Became More Attractive
Traditional billionaires may be storming the Bitcoin market anytime soon. As was recently observed, inflation in the United States has hit a 13 year high. Apparently, the surge in the price of cars has influenced this outcome. Within the last 12 months till last month, the prices of consumer cars rose by 5.4%; a 5% increase from May, also the biggest upsurge noticed back in August 2008.
4. El Salvador might launch its own stablecoin in 2021, local media hints
El Salvador’s government intends to establish a native cryptocurrency that the public will be able to use to pay for services, according to San Salvador-based media outlet El Faro on Friday night.
5. US Gov Offers Bitcoin Rewards For Info Leaks
The United States government will pay a whistleblower up to $10 million in bitcoin for information on cyberattacks.
“Commensurate with the seriousness with which we view these cyber threats, the Rewards for Justice program has set up a Dark Web (Tor-based) tips-reporting channel to protect the safety and security of potential sources,” the US Department of state said.
6. 4 Reasons Why The Bitcoin Lightning Network Will Continue To Grow
The Bitcoin second layer payment protocol Lightning Network has been exponentially increasing its capacity during the past years. Since it was launched in 2018, the network’s capacity has gone from under 1,000 BTC to 1,800 BTC.
7. Coinbase CEO Brian Armstrong Responds to Dogecoin Creator’s Bleak Outlook on Bitcoin and Crypto Industry
Coinbase CEO Brian Armstrong is responding to a viral tweetstorm from Dogecoin co-creator Jackson Palmer, who recently offered a bleak outlook on Bitcoin and the entire crypto space. In response, Armstrong says that the technology behind cryptocurrency broadens access to opportunities and facilitates wealth mobility.
8. Binance USD (BUSD) Becomes a Top 10 Crypto, Market Cap Exceeds $11B
- Binance USD (BUSD) is now ranked 10th on Coinmarketcap
- Binance USD’s market cap has exceeded $11 Billion
- The use of Binance USD in DeFi is gaining popularity
9. German Bank Comdirect Now Offers 11 Cryptocurrency ETPs in Savings Plan
German bank Comdirect, with about three million customers, is now offering 11 cryptocurrency exchange-traded products (ETPs). “Comdirect has succeeded in significantly bridging crypto investments to retirement plans, something that our clients have longed for a while,” the bank said.
10. NFL’s Saquon Barkley to accept all future endorsement money in bitcoin
New York Giants running back Saquon Barkley will now take the millions he earns from endorsements exclusively in bitcoin.
“You see inflation and you see how high it is right now, and you learn that you can’t save your wealth,” Barkley said. “So that’s why I’ll be taking my marketing money in bitcoin.”
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