Kraken sponsors F1 car with Bitcoin whitepaper

Ad Crypto exchange Kraken has sponsored a Formula 1 (F1) sports car featuring a section of the Bitcoin whitepaper, as revealed on Twitter on March 31. Kraken logo is actually BTC whitepaper The Kraken logo, featured on a car belonging to Formula 1 team Williams Racing, is in fact made up of several lines of…

Binance.US transitioning to new bank providers; briefly affecting deposits, withdrawals

Ad Binance.US said in a status update on March 31 that some deposit and withdrawal options will be temporarily unavailable as it transitions to new banking services. Wire transfers, payment apps limited Binance.US’ status page says that several transfer methods are unavailable including wire deposits and withdrawals, Apple Pay deposits, and Google Pay deposits. It…

Bittrex to halt US operations by end of April

Ad Bittrex, a notable cryptocurrency exchange, said that it plans to voluntarily halt U.S. operations in an email sent to users on March 31. Bittrex will cease U.S. operations The company said it will fully cease operations in the U.S. at 12 p.m.  PDT on April 30. It also said that April 14 is the…

More than 50% of Bitcoin mining uses renewable energy

Ad The majority of power used in Bitcoin mining comes from renewable energy sources, according to research by ESG analyst and investor Daniel Batten. Climate activists and politicians have long criticized the impact of mining on the environment but recent research shows that Bitcoin is ushering in renewable energy at an unprecedented rate. Batten projects a…

Justin Sun’s Grenada ambassadorship to WTO ends

Ad Tron founder Justin Sun said his ambassadorship term with Grenada ends today. In a March 31 Twitter thread, Sun explained that his role as Grenada’s ambassador to the World Trade Organization (WTO) was ending following the end of his term. Earlier this week, local media reports in Grenada said Sun — alongside other ambassadors…

Space Force major urges Pentagon to hold Bitcoin, give it 2nd amendment protection

Ad Space Force major Jason Lowery believes that the U.S. government should stockpile Bitcoin (BTC) and set up mining operations to compete for a share of control over the network. He further states that BTC should be protected under the second amendment as it is essentially a weapon for self-defense. Lowery’s proposal is part of…

U.S. government sold over 9k BTC for $215.7M on March 14

Ad The United States government said it sold 9,861.17 Bitcoin on March 14 for $215.7 million, according to a March 31 court filing. According to the court document, the sold BTC was part of the 51,351 seized from James Zhong. Zhong pleaded guilty to wire fraud after the government arrested him for unlawfully obtaining digital…

A sincere thank you to our valuable sponsors: CoinDesk, Nexo and 1inch

Disclosure: This is a sponsored post. Readers should conduct further research prior to taking any actions. Learn more › Ad At CryptoSlate, we are incredibly grateful to have the support of our valued sponsors, CoinDesk, Nexo, and 1inch. Their support has fueled our growth, enabling us to deliver cutting-edge crypto news and insights. In this…

Lumber to gold ratio breaks down, suggesting a risk-off environment

The global crypto market cap is $ with a 24-hour volume of $. The price of Bitcoin is $28,439.29 and BTC market dominance is %. The price of Ethereum is $1,826.14 and ETH market dominance is %. The best performing cryptoasset sector is Yield Farming, which gained 12%.

XRP Perpetual Futures Open Interest skyrockets to $610 million

Ad XRP Perpetual Futures Open Interest (PFOI) has shot up significantly since March 24 to around $610 million at its peak. Open interest refers to the number of open futures contracts traders hold at the end of a trading day. It is commonly used to gauge market sentiment and the strength underlying price moves. Whereas…