Marathon’s Bitcoin Mining Pool Will ‘No Longer Filter Transactions’ — Marapool Begins Signaling for Taproot

On Monday, the publicly-listed enterprise mining firm Marathon Digital Holdings announced the company has adopted the latest codebase offered by Bitcoin Core developers that features Taproot. Marathon is now signaling for Taproot according to the announcement. The North American bitcoin miner further noted that the firm’s mining operation Marapool will “cease filtering transactions.” Marathon Adopts Bitcoin Core Version 0.21.1 With Taproot Privacy Features The firm Marathon Digital Holdings (Nasdaq: MARA), has been making a number of business moves in the bitcoin mining sector in 2021. In December 2020, the firm…

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Andreessen Horowitz Discusses Raising Third Crypto Fund to $2 Billion, Sources Say

In May 2020, back when the crypto economy was still tumultuous from the coronavirus outbreak fears and gloomy global financial outlook, in general, the private venture capital firm Andreessen Horowitz (a16z) revealed the 500 million-dollar “Crypto Fund II.” A report published on May 27 by the tech writer Eric Newcomer indicates that Andreessen Horowitz is contemplating $2 billion in financing for the next crypto fund. Former Bloomberg Reporter Says ‘a16z in the Process of Tripling Down on Crypto’ The well known venture capital firm Andreessen Horowitz founded by Marc Andreessen…

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Binance Smart Chain Faces yet Another Flash Loan Attack: Belt Finance Loses $6.3 Million

Belt Finance, a Binance Smart Chain-based decentralized lending protocol, lost $6.3 million in a flash loan attack last week. The attackers took advantage of a series of inefficiencies in the smart contract to manipulate the price of the set and obtain profit from a series of transactions. This is just the last of a series of attacks that seem to be pointing to Binance Chain protocols due to their vulnerabilities. Belt Finance Loses $6.3 Million in Flash Loan Attack Belt Finance, a borrowing and loaning protocol that operates in the…

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Visualizing Bitcoin’s Future Price Cycles With the Power-Law Corridor Model

There’s a number of tools, charts, and models traders use to help them forecast bitcoin price cycles and our last article discussed leveraging the Golden Ratio Multiplier. The following editorial discusses another method of bitcoin price prediction analysis by utilizing Logarithmic Growth Curves. In September 2019, a comprehensive paper published by Harold Christopher Burger describes how crypto proponents can visualize bitcoin price cycles using the Power-Law Corridor model. Bitcoin’s Logarithmic Growth Curve In order to give our readers some deeper perspective, Bitcoin.com News has been covering a few useful price…

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Bitcoin Mining Difficulty Experiences This Year’s Largest Epoch Drop, Global Hashrate Slips Lower

Bitcoin’s mining difficulty dropped this week at block height 685,440 and saw the largest negative drop of the year losing close to 16%. Overall the global hashrate has dropped around 2% since the price fell below the $40k handle. Currently, the mining difficulty is around 21 trillion, and it could drop another 16% in less than two weeks. Bitcoin Mining Difficulty Slides Close to 16% Down Following 2021’s Largest Epoch Difficulty Rise The price of bitcoin (BTC) has seen better days and following the drop in price, the hashrate has…

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India’s Central Bank RBI Confirms Crypto Banking Ban ‘No Longer Valid’ — Asks Banks to Stop Quoting It

Indian central bank, the Reserve Bank of India (RBI), has officially advised banks that its banking ban circular is no longer valid as it was set aside by the country’s supreme court more than one year ago. Despite the supreme court’s ruling, banks have been citing the RBI circular when dealing with cryptocurrency. RBI Tells Banks to Stop Quoting Its ‘No Longer Valid’ Circular on Cryptocurrency India’s central bank, the Reserve Bank of India (RBI), issued a notice on Monday clarifying its position regarding cryptocurrencies. The notice, entitled “Customer Due…

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Japan’s Top Financial Watchdog Sends a Warning Crypto Derivatives Exchange Bybit

The Japanese government’s Financial Services Agency (FSA) has issued a warning to the crypto derivatives exchange Bybit claiming that the trading platform is allowing residents of Japan access to the exchange. The news follows the Bank of Japan Governor Haruhiko Kuroda criticizing digital currencies for speculation. Japan’s FSA Warns Bybit Fintech Limited Japan’s top regulator that handles banking, securities and exchange, and insurance sectors within the economy has recently issued a warning to Bybit Fintech Limited. Bybit is a crypto derivatives exchange that offers digital currency futures, perpetual swaps, and…

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Bitcoin.com Wallet Adds ETH

The Bitcoin.com team is excited to announce integration of Ethereum into the Bitcoin.com Wallet. That means anyone can now buy, receive, store, trade, and send ether (ETH) with the convenience and security of the industry’s most user-friendly, non-custodial wallet. How It Works When you open the Bitcoin.com Wallet, you’ll now see the Ethereum section in your home screen. Tapping the “BUY” button will prompt you to enter a purchase amount. If you’ve already set up your payment method, your purchase will go through instantly. It’s that easy! If you have…

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Home Crypto Mining Spikes in Brazil Amid Record High Unemployment

With rising unemployment rates and rampant economic uncertainty, in the wake of the Covid crisis, a growing number of Brazilians are finding an alternative income source in cryptocurrency mining. GPU rigs have been spotted even in favelas as a relatively small investment can return more than the average salary in Brazil. Pandemic and Uncertainty Turn More Brazilians to Cryptocurrency Mining The ongoing coronavirus pandemic has taken a heavy toll on Brazil and the country ranks among the hardest hit, with over 450,000 deaths due to Covid-19. South America’s largest economy…

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South Korean Financial Supervisory Service Tasked With Crypto Market Oversight

The Financial Supervisory Service of South Korea will lead government efforts to oversee the country’s expanding cryptocurrency market. The agency has been tasked with the job after prolonged discussions over which Korean regulator should be responsible for the industry. Financial Supervisory Service Takes Responsibility for Crypto Sector in Korea It took the government months to determine who’s going to take charge of crypto market oversight, the Korean Herald noted in an article published this weekend. The executive power in Seoul announced Friday that the task has been assigned to the…

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