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Bitcoin price falls below $50,000

Bitcoin price falls below $50,000

Bybt.com shows nearly $1.6 billion worth-of crypto futures positions have been liquidated over the past one hour.

The post Bitcoin price falls below $50,000 appeared first on The Block.

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Coinbase Pro announces support for Tether’s Ethereum-based USDT stablecoin

Coinbase announced late Thursday that its Coinbase Pro trading platform is adding support for Tether’s USDT, dollar-tied stablecoin.

The post Coinbase Pro announces support for Tether’s Ethereum-based USDT stablecoin appeared first on The Block.

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Coinbase’s market debut weighs on other crypto industry stocks

Since making its much-anticipated market debut, Coinbase has performed mostly in the red and that appears to be weighing on some of its publicly traded peers. 

The post Coinbase’s market debut weighs on other crypto industry stocks appeared first on The Block.

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Silvergate posts strong Q1 and says it’s looking to stablecoins as a growth avenue

CEO Alan Lane said to keep the momentum of Q1 2021, it’s looking at opportunities related to stablecoin infrastructure.

The post Silvergate posts strong Q1 and says it’s looking to stablecoins as a growth avenue appeared first on The Block.

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[SPONSORED] The state of decentralized identity solutions — Brought to you by Ontology

The Block’s Research Analyst Andrew Cahill takes a look at the state of decentralized identity solutions.

The post The state of decentralized identity solutions — Brought to you by Ontology appeared first on The Block.

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USMS awards BitGo a $4.5M contract to help it hold and auction seized crypto

The USMS awarded the contract yesterday, although it does not indicate the duration of the deal in its notice.

The post USMS awards BitGo a $4.5M contract to help it hold and auction seized crypto appeared first on The Block.

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Controversy over a new academic paper spotlights how difficult it is to measure Bitcoin’s carbon footprint

A recently published article in Nature Communications is the latest reminder of how challenging it is to quantity Bitcoin’s carbon footprint.

The post Controversy over a new academic paper spotlights how difficult it is to measure Bitcoin’s carbon footprint appeared first on The Block.

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Robinhood names new COO to oversee its crypto operations

Christine Brown has over a decade of experience in product management. In her new role, she will oversee crypto operations and compliance.

The post Robinhood names new COO to oversee its crypto operations appeared first on The Block.

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Bitcoin investment services provider NYDIG acquires commercial lender Arctos Capital

Bitcoin trading and custody services provider NYDIG has acquired commercial lender Arctos Capital for an undisclosed sum.

The post Bitcoin investment services provider NYDIG acquires commercial lender Arctos Capital appeared first on The Block.

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Why China’s bitcoin mining dominance is fading

Quick Take

  • For years, China-based bitcoin miners have held the vast majority of the bitcoin network’s mining capacity. Lately, that dominance has been fading.
  • A global chip shortage and a shift in the market for mining hardware are the two major contributing factors.

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