Bitcoin News and Finance: What You Need to Know

The Museum of Modern African Art Gallery & Lifestyle (MOOMA), a platform that promotes African artworks, recently kickstarted a 30-day non-fungible token (NFT) Modern African Art Exhibition. The exhibition, which will be MOOMA’s first NFT showcase, is set to feature the works of Goran Pin or the Portraitist. Pin, a Croatian national, is an artist seen “pushing the edges of the crypto art medium on multiple levels.” According to a statement on MOOMA’s website, taking the centre stage at this exhibition will be the Portratist’s “Kings and Queens Collection.” The Portraitist – Goran Pin – NFT Artist. The Portraitist is displaying the non-fungible token art collectibles called the “Kings and Queens Collection.” which also contains the “1st ever portraits of African kings minted on the blockchain.” The statement adds: It is the first NFT collection of all worlds’ royal families, and 30 of 32 portraits from the Kings and Queens Collection are 1st ever portraits of these persons ...

Judicial authorities in France have refused to grant the extradition request filed by Russia for Alexander Vinnik. According to the Russian Ombudsman, Vinnik is now ready to start a new hunger strike despite his health deteriorating after spending almost four years in detention. Court Case Against Vinnik Continues in France The operator of the infamous BTC-e crypto exchange was recently sentenced to five years in prison and fined €100,000. Quoted by RIA Novosti, Russia’s Commissioner for Human Rights Tatyana Moskalkova said that Moscow’s request to extradite Alexander Vinnik has not been granted on Thursday and that the consideration of the case continues. In December 2020, the Paris Correctional Court found Vinnik guilty of money laundering but dropped extortion charges against him as well as those related to his alleged involvement with the Locky ransomware. Alexander Vinnik was arrested while on vacation with his family in Greece, in July 2017. He was detained on a warrant f...

In 2021, the non-fungible token (NFT) ecosystem has grown massively and data shows during the last month, there have been 98,832 NFT sales across over 32,000 active wallets. Monthly statistics show $272 million in recorded NFT sales have taken place but a recent report shows the NFT market is starting to “cool off” as NFT volumes have dropped. Although, another study suggests the NFT market could double in size by the fall. Report Notes a ‘Cool Off’ Period in NFT Markets NFT’s have become a huge success in 2021 and the market continues to show people are buying non-fungible token collectibles. Data from nonfungible.com ’s market history shows out of more than 15,000 sales over $15 million worth of NFTs have been sold during the last seven days. This year has shown that nearly everybody is attempting to leverage NFTs in order to raise funds and the NFT trend has spread to world-renowned artists and celebrities. However, a recent report from Sophie Kiderlin, a Markets Insider contri...

Galaxy Digital CEO Mike Novogratz says that despite massive sell-offs across a broad range of cryptocurrencies, the story of crypto has not changed and “the crypto revolution has happened.” While viewing the current market as a “liquidation event” and a setback, Novogratz still believes in the long-term adoption of bitcoin. Crypto Revolution Amid ‘Liquidation Event’ Mike Novogratz shared his view on the crypto market in an interview with CNBC this week. He calls the bitcoin plunge a “liquidation event” that feels like capitulation. The Galaxy Digital CEO has long been pro-bitcoin. In his view, recovery will take some time. “Humpty Dumpty never gets put back together in two days … when he cracks,” he opined. “It’s going to take a while. The market will consolidate. It will find a bottom somewhere. I’m hoping it’s close to here.” However, Novogratz emphasized: The story hasn’t gone anywhere. This crypto revolution has happened, but these are certainly setbacks for the wallets and f...

Regardless of the political turmoil that arose in South Korea due to the crypto-related regulations, a leading politician had come forward to reveal that he had made investments in virtual currencies publicly. Won Hee-ryong, the Governor of Jeju Island, unveiled that he invested in four different cryptocurrencies. Wong Plans to Keep Updating People via Youtube About His Crypto Holdings Status According to Chosun , the politician, who is the leader of a semiautonomous province in the country, admitted that he bought a total of 1 million won ($885) worth in bitcoin ( BTC ), ethereum ( ETH ), somesing (SSX), and the Kakao-issued klay (KLAY) token. Won justified his purchases by saying that he thought, “I had to do it.” With such an announcement, Jeju Island governor becomes the first politician that publicly discloses its crypto holdings in South Korea. Interestingly, Won commented: Although more than 5 million people are already trading virtual assets, various damages are occurring...

The freshly unveiled collaboration between the organizations aims to deliver a unique fan engagement experience for Red Bull Racing Honda in the form of unique digital collectibles that leverage Tezos’ scalable, efficient, and self-upgrading network. Formula One Team Inks Multi-Year Technical Partnership As more global brands and industries embrace the blockchain universe through non-fungible tokens, Formula One racing is the latest offline industry to take advantage of this new innovative digital technology to connect with fans. Red Bull Racing Honda has joined forces with Tezos to leverage the blockchain’s NFT capabilities to improve fan engagement and overall experience. The multi-year tie-up will see Tezos help craft an immersive user experience for Grand Prix fans that the ongoing global pandemic has negatively impacted. The partnership reflects both organizations’ commitment to ongoing innovation and staying at the leading edge of their respective industries. Moreover, Tez...

The founder and chief investment officer of Miller Value Partners, Bill Miller, is not disturbed by the falling price of bitcoin. While acknowledging that the price drop looks extreme when compared to the stock market, he says it is “pretty routine” for the cryptocurrency. Bill Miller Sees Bitcoin Correction as ‘Pretty Routine’ Veteran investor Bill Miller is the founder of Miller Value Partners and currently serves as the chairman and chief investment officer. He manages Opportunity Equity and Income Strategy funds. Prior to Miller Value Partners, he co-founded Legg Mason Capital Management. While stating that he does not “comment on normal fluctuations in stock or asset prices,” Miller told CNBC this week: If I liked something at higher prices, it is a safe bet I will like it even more at lower prices. Miller continued: “The bitcoin correction, while extreme if it happened to the equity market in such a short period, is right in line with moves we have seen many times in bitc...

A recent report from the Chinese government’s financial committee has reiterated the country’s stance on bitcoin mining and that it would continue to monitor the sector closely. The report follows a recent article from Reuters published three days ago, which also reiterates China’s older warnings against the crypto industry. Chinese Government Report Mentions Bitcoin Mining, Announcement Sparks Speculation On Friday, a report stemming from China’s 51st meeting of the Central Financial and Economic Affairs Commission led by the organization’s director, Liu He, discussed cryptocurrency mining in the country. Liu He is also the vice-premier of the State Council of the People’s Republic of China and the Political Bureau of the CPC Central Committee. On Friday morning, the regional reporter Colin ‘Wu Blockchain’ also reported on the meeting’s disclosure and said: This is the first time that the highest level of the Chinese government has clearly proposed a blow to the mining industry....

Dogecoin has been the talk of the cryptocurrency town for months on end and in recent times, crypto enthusiasts have been discussing the largest holder in the Dogecoin economy. An address with 36.7 billion dogecoin has recently amassed 797 DOGE this week and 3,755 coins during the last month. Crypto speculators think this wallet is a massive whale, while others have assumed it’s Elon Musk or the trading platform Robinhood’s dogecoin cold storage. Random Whale, Elon Musk, or Robinhood? Why the Dogecoin DH5ya Address Is Still an Unsolved Mystery The cryptocurrency dogecoin has had a phenomenal year so far in 2021, as the meme-currency that features the face of the Shiba Inu dog has gained 15,617% year to date against the U.S. dollar. In recent times, dogecoin tapped an all-time high at $0.73 more than 13 days ago, but has since dropped to roughly $0.36 per unit . Despite the crypto market rout during the last week, dogecoin (DOGE) has held up well and is still up 25% over the last 3...

The cryptocurrency industry in the Netherlands has won a small but significant battle. The country’s central bank has canceled some excessive verification procedures that it imposed on crypto service providers last fall. The move comes after a local exchange took the matter to court. DNB Takes a Step Back on Unlawful KYC Requirements De Nederlandsche Bank (DNB) has backpedaled on some recently enforced regulations regarding the crypto industry. In November 2020, the regulator instructed crypto platforms to obtain additional information from users as part of their know-your-customer procedures. Cryptocurrency service providers were obliged to verify owners of bitcoin addresses. As a result, clients were asked to upload screenshots of their wallets and provide reasons for their crypto purchases. The controversial rules became the apple of discord between the DNB and the Dutch crypto industry. In a letter to the bank, 25 service providers raised their concerns regarding the stricter...

The new chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, is pushing for more regulation around cryptocurrency exchanges, citing the need for investor protection in this area. He has asked Congress to weigh in. SEC Chairman Pushes for More Crypto Regulation SEC Chairman Gary Gensler talked about cryptocurrency regulation on Thursday at a Financial Industry Regulatory Authority (FINRA) conference. FINRA is a government-authorized not-for-profit organization that oversees U.S. broker-dealers. “At the SEC, we are focused on going after misconduct wherever we find it in the financial system,” Gensler began. “That means holding individuals and companies accountable, without fear or favor, across the approximately $100 trillion capital markets we oversee.” On the topic of cryptocurrency regulation, the new SEC chairman highlighted the need for more investor protection. Emphasizing that he would like to see more regulation around cryptocurrency exchanges, incl...

Cryptocurrency ATMs, such as those operated by Cash2Bitcoin, offer several major advantages over online exchanges. Convenience, availability, privacy, speed, support and security – all make it worth choosing an ATM to buy yourself some bitcoin. Why Choose a Cash2Bitcoin Cryptocurrency ATM Cash2Bitcoin is an American cryptocurrency ATM operator headquartered in Michigan with kiosks in more than 200 different locations. The company’s ATMs are spread across 10 states: Connecticut, Florida, Georgia, Illinois, Indiana, Michigan, New Jersey, Ohio, Pennsylvania and Wisconsin. Cryptocurrency ATMs make it convenient for anyone to trade cryptocurrencies. Customers can simply buy and sell bitcoin with cash at a nearby gas station, convenience store or many other locations. You don’t need to worry about linking personal bank accounts – in fact you don’t need to have a bank account at all to use a Cash2Bitcoin ATM. Availability is another great advantage of the operator as the majority of its ...

Digital currency markets have been consolidating after taking some heavy losses during the last few days. Billions of dollars have jumped back into the crypto economy on Thursday, as the overall market valuation of all coins in existence has jumped back to $1.75 trillion on Friday. Bitcoin is resting above the $40k handle but the leading crypto is still down 17% during the last seven days. Crypto Market Enter Consolidation Phase, Technical Analysis Shows Oscillators and Moving Averages ‘Neutral’ to ‘Strong Sell’ Bitcoin and a number of digital currency markets have been healing and consolidating after taking some deep losses during the course of the last week. Currently, bitcoin ( BTC ) is down 3% during the past 24 hours and down 17% for the week. Reported volume on Friday shows around $71 billion in global trades, but Messari.io’s ‘real volume’ stats show BTC volume is really around $19.2 billion. Bitcoin ( BTC ) dominance on Friday, May 21, 2021, has increased a hair. The la...

As Polkadot’s vision of a decentralized web advances, the integrations of KILT Protocol and the fintech platform Current are adding new utility layers across the blockchain’s ecosystem, helping tear down the existing barriers between Web 2.0 and 3.0. Value-Driven Integrations to Overcome Traditional Digital Obstacles As excitement over Polkadot’s forthcoming launch heats up, more players are joining the ecosystem with novel solutions for how Web 3.0 can add incremental value for users in a manner that puts them in the driver’s seat. It is evident that the company’s vision for a decentralized internet is materializing quickly as the Substrate framework attracts all manner of different projects. Among them is KILT Protocol , which has unveiled its Social KYC decentralized identity verification service. Unlike the present, where most internet denizens turn over their emails and other private information to access free services, which in turn share credentials with partners, service...