The largest Bitcoin event in history (Bitcoin 2021) takes place today in Miami

The largest Bitcoin event in history (Bitcoin 2021) takes place today in Miami

Bitcoin 2021, the largest Bitcoin event in history with at least 12,000 participants, kicks off today in Miami with some of the biggest figures in the digital currency industry in the world.

The conference will be one of the largest digital currency conferences since the COVID-19 epidemic, with organizers expecting more than 50,000 attendees. The informal part of the conference kicked off on Thursday as "Whale Day" with Galaxy CEO Mike Novogratz and BitGO CEO Mike Belshe in attendance.

The event is supposed to be something "more like a music festival" that includes several stages, including the "Nakamoto Stage" main stage as well as side stages such as "Stacking Sats Stage" and "End Of Fiat Stage".

The event will be attended by some US government officials, including Senator Cynthia Lummis and US digital currency sponsor Warren Davidson. Lumis took the oath of office in the Senate in January and earlier this year showed his support for Bitcoin and posted a photo of the laser eye on Twitter. Davidson and Lumis will speak this afternoon on the panel "Bringing the House of Bitcoin Innovation to the United States."

Bitcoin 2021 also includes key former US lawmakers, including Chris Giancarlo, former chairman of the Futures Trading Commission, and Brian Brooks, former head of the US Currency Monitoring Office and current Bainance. Giancarlo and Brooks are set to discuss financial innovation.

Other prominent Nakamoto Stage speakers include Beat Gold creator Nick Szabo, Founders Gemini, Cameron and Tyler Winklevoss, Morgan Creek Digital Founder, Anthony Pomplio, Director Anthony Pomplio Michael Saylor, a former presidential candidate and member of Congress, Ron Paul, and a major investor in digital currency and blockchain, Tim Draper, noted.

Google [accepts] {cryptocurrency} ads + ad terms

Google accepts cryptocurrency ads

In the latest update to its advertising policy for Bitcoin and other cryptocurrency-related products and services, Google outlined the licensing process for exchanges and wallets.

Over the past decade, Google and Facebook have dominated the online advertising market. Both websites banned both ads for cryptocurrencies in 2018; However, since then, a number of these restrictions have been lifted. In the United States and Japan, related businesses can place cryptocurrency ads on Google if "the products and advertisements provided comply with local laws and industry standards and the account is approved by Google."

Now, the tech giant has clearly defined the criteria for licensing. To receive an ad for an cryptocurrency exchange or wallet on Google, a company must be listed on FinCEN as a monetary services business and at least in one state, as a money transferor, or only at a federal or state authorized banking institution. "

Businesses must "comply with relevant legal requirements, including local requirements, both state and federal," and "ensure that their ads and homepage comply with all Google Ads policies."

Google has banned all advertising related to Defy and Initial Coin Issuance (ICO) protocols, as well as Defy-related services such as cryptocurrencies, token cash pools, unauthorized DApps, and unhosted wallets.

Encrypted exchanges that are currently approved by Google must apply for a license again in July. The new rules will take effect on August 3.

Bitcoin [network] extraction difficulty {decreased} by 16%

Bitcoin network extraction difficulty decreased by 16%

In the early hours of Sunday morning (UTC), the difficulty of bitcoin mining was significantly reduced, as the network's hash rate had dropped significantly even before China's recent comments about suppressing bitcoin mining.

Intra-chain data show that the network extraction difficulty is set at 21.05 trillion at block height of 685440, a 16 percent drop from the highest recorded on May 13th.

In fact, the average production of a bitcoin block has risen to 11.8 minutes between May 13, the last date for setting mining hardness, and May 21, when the Chinese State Council reiterated the need for stricter cryptocurrency mining. .

This interval is 18% faster than the production time of 10 minutes per block, which was originally intended for the Bitcoin network. Given this situation, it is inferred that the average network hash rate has decreased to about 147 exacerbations per second (EH / s) between 13 and 21 May.

The seven-day moving average has remained at around 150 exacerbations per second, following a statement from China's State Council last Friday.

While some miners began migrating from China's northern provinces to the Sichuan Hydroelectric Power Plant, power plants in Sichuan have limited power supplies to high-consumption industries, including mining farms, due to delays in the start of the rainy season. اند.

It remains to be seen whether the Sichuan government will react to the policies of the State Council regarding repressive approaches to bitcoin mining activities. Meanwhile, some Chinese bitcoin miners are seeking overseas energy capacity to move their equipment out of China to avoid uncertainty over cryptocurrency regulations.

Ilan [Musk] was happy😊 with his meeting with the American miners

Ilan Musk was happy with his meeting with the American miners

Tesla CEO Ilan Musk has just tweeted that he encourages bitcoin miners to use renewable energy to power mining.

Musk has said he is in talks with North American-based bitcoin miners. These miners are committed to providing a plan for the use of renewable energy and a report on how to use them. According to Musk, they pledged to ask other miners around the world to do the same.

"This is potentially promising," he wrote at the end of his tweet.

Michael Silver, CEO of MicroStrategy, also attended the meeting. Silver wrote on Twitter that the miners had agreed to establish a "Bitcoin Mining Council." According to Silver, the move will increase transparency in the use of energy with the aim of accelerating the process of initiatives around the world.

The executives of Argo, Block Cap, Core Scientific, Galaxy Digital, Hive, Hut8, Marathon and Riot were present at the gathering, Silver said. According to him, they "decided to create an organization to standardize the process of energy reporting, follow environmental, social and governance (ESG) standards, as well as market growth and education."

Bainance [Exchange] Competition on the occasion of the tenth anniversary of Bitcoin{ Pizza}

Bainance Exchange Competition on the occasion of the tenth anniversary of Bitcoin Pizza

Bainance Exchange is holding a bitcoin trading contest on the occasion of the 10th anniversary of Bitcoin Pizza. In this contest, collect five main ingredients for baking Bitcoin pizza and get your share of $ 52200 Bitcoin Prize.
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This competition continues until May 25. In this contest, users must collect 5 cards with Bitcoin pizza ingredients to participate in the prize pool.
To receive match cards, you must have at least $ 100 worth of trades in the BTC / USDT spot and margin markets, or at least $ 3,000 in the BTC / USDT futures market. You can then get a card by visiting this address
 It is worth mentioning that if you receive a duplicate card, you can exchange your cards by sharing it on social networks.
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1) In the first plan, 200 users who register in Bainance exchange during this period and have collected all 5 cards will be awarded a prize of $ 50 per lottery.

 2) In the second plan, 20 users who have collected all 5 cards will be awarded a bitcoin equivalent to $ 1,000 each.

3) Other users who have received all the cards will receive a share of the $ 22,200 prize pool in bitcoin based on their trading volume during this period.

 4) Next, from all users who have collected all 5 cards, 22 people will be selected by lottery and after launching the Bainance NFT trading market, they will receive NFT tokens as a reward.

Bitcoin prizes will be distributed within 2 weeks after the end of the contest. You can sign in through Account> Bonus Center and purchase your cash voucher.
The NFT Prizes will be transferred to the 22 lucky winners in the NFT Binance market in late June.

Please note that the scarcity of each item may be different.
Users need to collect all 5 different ingredients to cook Bitcoin pizza.
Users are able to exchange their ingredients with other users without any restrictions and it can be done at any time of the day.

Users will only be rewarded if they have collected all 5 ingredients for bitcoin pizza baking. No other combination will be eligible for a reward.

Bainance does not prohibit the purchase or sale of raw materials among users, but the damage will not be borne by Bainance.

The trading volume of the sub-account is included in the final calculation with the trading volume of the main account. Each sub-account will not be counted as an independent account when participating in this activity.

A $ 10 billion fund is considering buying bitcoins Thursday, May 13

A $ 10 billion fund is considering buying bitcoins Thursday, May 13

Balyasny Asset Management, a multi-strategy investment firm created by former trader Dmitry Balyasny, is considering buying bitcoins, according to a report from Street.

The company has more than $ 10 billion in assets under its management.

After its disastrous performance in 2018, which was the first year of decline for Balyasny, the company was able to make up for the fall caused by the epidemic in 2020 due to its diversified portfolios.

The fund says it is currently investigating bitcoin and other digital assets.

An overview of the cryptocurrency market - Tuesday, May 11

An overview of the cryptocurrency market -Tuesday, May 11

Bitcoin Falls $ 6,000

Despite the strong movements and the upward trend of the last few days, BTC has not been able to overcome the resistance of $ 60,000. As we reported yesterday, the market's top cryptocurrency hit a three-week high of $ 59,600.

As the community waited for the $ 60,000 psychological resistance to pass, the bears stepped in and took control. In the hours that followed, Bitcoin began to fall rapidly, dropping more than $ 6,000 to its lowest daily level, just below $ 53,600.

Despite a relative return and multi-thousand dollar recovery, BTC continues to show a decline of about 6% on a 24-hour scale. In addition, the currency still dominates the cryptocurrency market below 43%.

Sea of ​​Blood in the Altcoins Market

Over the past few weeks, the replacement Quinns have performed more dramatically than their leader. However, most of them have fallen sharply since yesterday.

Atrium, which has seen explosive growth at the top of all altcoins, set a record high of $ 4,200 yesterday. However, it immediately plummeted to $ 400 and reached its lowest daily price level at $ 3,800. Ether has improved slightly since then and is now trading below $ 4,000.

Binance Coin (5.5%), Ripple (10%), Cardano (7.5%), Polkadat (12%), Bitcoin Cash (12%), Light Coin (12%) and China Link (12 -%) are all red today.

Dodge Quinn has fallen sharply since Ilan Mask appeared on SNL, falling another $ 11% to below $ 0.5.

Bitcoin Diamond (-20%), Qtum (-18%), ICON (-17%), Ethereum Classic (-17%), OMG Network (-15%), Phantom (-15%), DigiByte (-15% ), Ontology (-15%), Avalanche (-15%) and EOS (-15%) saw more fluctuations.

Typically, after a massive market downturn, the crypto market value also fell by about $ 200 billion yesterday, now reaching over $ 2.4 trillion.

The data show that the bitcoin hash rate decreased in China and increased in the United States

The data show that the bitcoin hash rate decreased in China and increased in the United States

Although most bitcoin mining pools are still located in China, there are signs that they are shifting.

Chun Wang, founder of one of the largest bitcoin mining pools called F2Pool, reported that China had less than half the bitcoin network hash rate in April 2020. Wong said this was the first time in eight years that Chinese pools had represented a network hashtag minority. "This is a real change," he said.

Data released by Wang on April 22 by Barry Silbert, CEO of Digital Currency Group, shows that the US-based Bitcoin mining pool, Foundry, climbed in April and is among the top 5 pools in the world, accounting for 7.6%. Holds stock.

"The bitcoin hash rate is rapidly shifting from China to North America," Silbert claimed. Leading pool is still AntPool, which is operated by Chinese hardware maker Bitmain and accounts for 18.6% of the network's total hash rate.

The University of Cambridge calculated that the dominance of Chinese miners in April 2020 was about 65%. Referring to these figures in January 2021, the Miner Daily Mining estimated that China's share had reached 55% of the network hash power since the beginning of this year, with the United States accounting for 11%.

On April 30, Cointelegraph reported that China's digital currency extraction operations may be subject to stricter regulations in the future, which could lead to more network hash migration from the country. China is also recently considering miners' electricity consumption, given its carbon commitments.

In late February, officials in the Central Mongolia Autonomous Region reportedly shut down all local mining facilities to reduce energy consumption in the region. This region accounts for about 8% of the global hash rate.

In a May 5 article, Marty Bennett said that F2Pool findings confirm that a growing geographical distribution trend is emerging.

He added that this raises some concerns that the Chinese central government may dominate the bitcoin network.

"It is very good to have some data from Chinese pools that show that the percentage of total hash rate production at China's borders has decreased." And concerns about the energy consumption and environmental impact of bitcoin may be alleviated by further shifting mining operations to renewable energy, especially in the more stringent United States.

According to the Nasdaq report on May 4, Texas has become a Mecca of bitcoin mining fields due to low energy costs and the fact that most of them are supplied by renewable energy sources such as wind and solar.

Bitcoin and Ethereum indexes are launched in the S&P DJI index

Bitcoin and Ethereum indexes are launched in the S&P DJI index

The S&P Dow Jones index has launched three new currency indexes. These three indicators are S&P Bitcoin, S&P Ethereum and S&P Crypto Mega Cap Index, which is a combination of Bitcoin and Ethereum .

A move we have been waiting for a long time

People have been waiting for a long time for a traditional financial product that can track the price of cryptocurrencies for a long time. In this regard, S&P announced last year that it intends to release its currency code index in 2021.

New indicators can be used as tracking and positioning tools in traditional financial space. On the other hand, more reliable pricing from a reputable source will protect investors from connecting to cryptocurrency APIs that may not provide the correct pricing data. S&P hopes the move will make it easier for investors to access the cryptocurrency asset class and even reduce some of the risks of a volatile cryptocurrency market.

While there is still no commodity (ETF) product that small investors can buy directly to access the real price of cryptocurrencies, the S&P move is more of a step towards legitimizing and consolidating the cryptocurrency market. The world of stocks and funds can be traded.

How this indicator works

These indicators use data from Lukka, a provider of data related to cryptocurrencies. Lukka's process examines various exchanges based on criteria such as transparency, data integrity, and other factors to determine their participation in the final pricing.

These indices track about 550 digital assets with the best market value index. Luca CEO Robert Materazzi added that working with S&P DJI is an important turning point in linking the cryptocurrency ecosystem to traditional financial services.

These three indicators will be available in the main index catalogs with the SPBTC, SPETH and SPCMC tickers, respectively. The SPCMC, meanwhile, is more interesting than the others because it is rebalanced every three months to change the ratio of the underlying cryptocurrencies (in this case BTC and ETH), given that it weighs in proportion to the market value. This ensures that investors will not be overexposed or underexposed to any of these currencies if there is a serious price move that could dramatically change the ratio of the index basket.

Todex Exchange transferred 125 million bitcoins to Kraken Exchange before closing

Todex Exchange transferred 125 million bitcoins to Kraken Exchange before closing

Between August 2020 and February 2021, approximately 5,000 bitcoins valued at approximately $ 125 million at the time of the transaction (and more than $ 280 million at today's prices) The Thodex exchange has been transferred to the American exchange in Kraken.

White Stream, which has a contract with the Israeli Ministry of Defense, said it appeared to be a "cash withdrawal operation" by Todex. In other words, Todex may have stolen bitcoins from its customers before sending them money and sent them to Kraken for recovery.

According to Levy, a set of Bitcoin wallet addresses controlled by Todex, through an intermediary wallet set, sent the bitcoins to the destination address. Most of this money has also been transferred to Cracken.

"The bottom line is that Cracken has received a lot of bitcoins from Todex customers," Levy told the Decree news website.

Asked if there was an honest explanation for this, Levy said: "This volume of transaction can only be justified if Todex conducted all of its financial activities through Kraken. "But that is not the case, and it is very strange."

Turkey last week arrested more than 60 people in connection with the Todex exit scam, confiscated the company's computers and froze the company's bank accounts.

On Thursday, six others were jailed on suspicion of involvement in the scam, including family members of Faruk Fatih Ozer, the exchange's managing director, who fled to Albania shortly before the exchange closed. Turkey has reportedly demanded Ozer's arrest. Ozer claims that the exchange's problems are related to a cyber attack, not a scam.