Friday , December 3 2021
Home / Felix Mollen

Felix Mollen

Articles by Felix Mollen

Kraken Announces Support for Shiba Inu (SHIB)

3 days ago

The cute Shiba Inu puppy bit the bloodthirsty Kraken and infected it with bullishness.
Kraken, the eighth largest cryptocurrency exchange in the world according to Coingecko, announced today that it would start supporting the trading of Shiba Inu (SHIB), a Dogecoin-inspired cryptocurrency that has gained a lot of popularity after the boom of the meme tokens during the COVID-19 lockdown.
Trade Shiba Inu On Kraken… NOW!
The exchange doesn’t want to wait another second for its users to start messing around with the token, and its Twitter announcement makes that clear, in all caps, exclamation points and all:

New Listing on Kraken: @Shibtoken 🐶$SHIB deposits begin NOW! Trading is live November 30.
➡️ Learn more:
— Kraken

Read More »

Omicron (OMC) Cryptocurrency Spikes 716% After WHO’s Name Choice for the Latest COVID-19 Strain

4 days ago

This may be good news or bad news – depending on how you take it.
A small-cap cryptocurrency surged 716% over the weekend… following the WHO’s naming of the most dangerous strain of COVD-19 after it.
Omicron Shows Why Names Matter
Omicron (OMIC), a cryptocurrency that defines itself as a decentralized reserve currency protocol available on the Arbitrum Network, started giving joy to its hodlers around noon on November 27, when it broke through resistance near $70 and rose to $187 in less than half an hour.
From there, prices went wild, and the token reached a daily high of about $242.
The greedy folks who didn’t cash out after this amazing surge of interest saw their bravery rewarded the next day when each OMIC climbed to trade on the order of $430 at its peak.

Price of

Read More »

Anthony Scaramucci: Cryptocurrency Markets Had Their Black Friday On November 26

6 days ago

Today was an ugly day for the cryptocurrency world. In fact, it was a bad day for the financial markets in general. The U.S. stock indexes fell 2% on average, the FTSE lost 3.64%, the DAX was down 4.15%, oil futures tumbled more than 10%, and cryptocurrencies lost more than $200 billion in capitalization.
All because of fears of a new strain of COVID-19 that had speculators and analysts brainstorming scenarios of a possible new lockdown. Recently, scientists discovered the B.1.1.529 variant of the coronavirus. It has a high number of mutations that could make it immune to the antidotes developed to date.
Stock Markets in Nov. 26, 2021. Source: CNNAnthony Scaramucci is Bullish on Bearish Times
However, while some are rushing to sell their assets in fear, others take

Read More »

Jerome Powell Could Slow Down The Cryptocurrency Industry, Mike Novogratz Says

7 days ago

Mike Novogratz is not happy with U.S. President Joe Biden’s decision to pick Jerome Powell to chair the Fed for a second term. And he’s speaking not as a Bitcoiner but as an overall investor: He believes Powell could be detrimental to the markets’ growth.
In an interview for CNBC this week, Novogratz hinted that from his point of view, Jerome Powell had failed to understand the political and economic reality of the United States and that the markets have a similar view, being pessimistic about his tenure.
Careful With Jerome Powell
Speaking about the cryptocurrency market, Mike Novogratz said that “people are getting pretty bearish” on crypto after Jerom Powell’s appointment, especially following the changes in the “macro story.”
“We have inflation showing up, you know, in

Read More »

Ripple And The Republic of Palau Partner to Create a Digital Currency

9 days ago

Despite the problems, Ripple has not given up on its mission to become a significant player in the global payments industry, and even though things are not going so well with the United States, one country is looking at the company as the best option to develop a domestic currency based precisely on U.S. dollars: Palau.
According to a Press Release shared by Ripple, Palau chose the XRP Ledger to create digital dollars to circulate internally in the country. The idea, Ripple explains, is to design a USD-backed stablecoin around which could be developed other services like corporate registries.
Palau is Ripple-Friendly —But Not Enought To Adopt XRP
Palau does not have a fiat currency of its own. Like El Salvador, citizens use the U.S. dollar as legal tender. However, the

Read More »

Ethereum’s Problems are Hindering its Leadership in the Defi Ecosystem, Experts Say

11 days ago

The debate over the feasibility of using Ethereum as the Swiss Army of the crypto-verse is heating up again now that DeFi, gaming, and NFT are enjoying a recent surge in popularity.
But the outlook is not very positive considering the current state of affairs. The impact of xcessive fees, long confirmation times, and slow updates is starting to worry retail users, techies, and large investors.
Ethereum Developers Should Focus on L1
Faced with the difficulties of delivering a satisfactory user experience, Ethereum developers are beginning to move to rival blockchains that have capitalized on this app migration to expand their reach and increase their own market capitalization.
Blockchains like Solana, Binance Smart Chain, and Avalanche have seen a significant rise during

Read More »

Shiba Inu and Dogecoin: The Most Searched Cryptocurrencies on Google USA During November

11 days ago

Whoever thinks that meme cryptocurrencies are useless at this point might want to revise their expectations. A recent study suggests that in much of the United States, people are more interested in puppy-themed meme coins like Dogecoin or Shiba Inu than in the big serious projects that claim to be a financial revolution.
Although Bitcoin and Ether occupy more than 60% of the total marketcap of all cryptocurrencies, during 2021, Dogecoin and Shiba Inu have won the hearts of Americans, trending in 30 of the 50 United States.
Dogecoin Conquers Almost Half Of The United States
According to a study by research firm The Advisor Coach covered by Business Insider, there was an average of 7 million searches for content about Dogecoin last month. Such a level of interest exceeds the

Read More »

$3.5B Worth of Crypto Seized by the IRS Cybercrime Unit in 2021

13 days ago

The United States Internal Revenue Service (IRS) released its annual report on criminal investigations, and cryptocurrencies played a starring role in the area of cybercrime.
According to the IRS cybercrime unit’s report, more than $3.5 billion in cryptocurrencies were seized during 2021. This would make up to 93% of all seizures made in 2021.
The Most Famous Crypto Cases Solved by The IRS:
Among the most successful crypto cases closed by the IRS cybercrime unit are:
The seizure of more than $1 billion in cryptocurrencies from “Individual X,” who had successfully hacked into Silk Road and gotten away with part of its funds. The IRS said that an unidentified third-party company assisted its personnel during the investigation.
The arrest of Roman Sterlingov, who ran the

Read More »

Peru is Working on a CBDC With The Help of Other Countries

15 days ago

Peru is joining the list of Latin American countries that are actively working on the development of a CBDC.
In a panel on economic institutions organized yesterday during the Annual Conference of Executives (CADE), the president of the Central Reserve Bank of Peru (BCRP), Julio Velarde, explained that the country is making progress in the creation of a digital monetary system that will make it possible to meet the challenges arising in the financial world.
Peru Wants a CBDC
According to statements posted on Twitter, the head of the Central Bank explained that the country has been able to overcome the challenges brought by the coronavirus pandemic, but that strategically they have felt the need to innovate in the way they handle finances.
Velarde explained that the

Read More »

Bitcoin is The Worst Cryptocurrency For The Environment, Stellar is the Best One —Research Says

19 days ago

Cryptocurrency mining and environmentalism did not usually go hand in hand in conversations about the development of the blockchain industry, but one tweet from Tesla CEO Elon Musk was enough for the crypto community to start worrying about what Bitcoin and Proof-of-work miners are doing to the planet.
An investigation by Forexsuggest studied several cryptocurrencies and measured how polluting they are, calculating the estimated carbon emissions and the amount of resources that would be needed to counteract their effects.
As they explain in the report, they took data from Statista, Business Insider India, Laptop Mag, and other sources. Upon compilation, they computed the carbon emissions and the growth rate of such emissions.
Bitcoin, Ethereum and Bitcoin Cash: The Worst

Read More »

Miami Will Distribute Free Bitcoin To Its Residents Thanks To Miami Coin’s Success

21 days ago

Francis Suarez, the cryptocurrency-loving mayor of Miami, announced that he was working on a program to give free Bitcoin to the residents of his city thanks to the good results achieved by his city’s crypto project Miami Coin.
In an interview for CoinDest TV, Suarez explained that he was looking for a way to distribute part of Miami Coin’s yield to the people of Miami. While some parameters are still to be defined, the idea is already well advanced.
Miami Coin Paves the Way For More Bitcoin Exposure to Miami Residents
Miami Coin is a cryptocurrency that seeks to boost the city’s development by financing strategic projects. The technical part is responsibility of the startup CityCoins. At the same time, the administrative and political aspects are directly managed by the

Read More »

Twitter Announces a Team To Focus on Crypto, Dapps, NFTs and Blockchain Technology

22 days ago

Twitter, the darling social network of all crypto enthusiasts, is determined to boost the decentralized technology industry and has created a dedicated crypto team focused on developing solutions for crypto, dapps, and DeFi.
Engineer Tess Rinearson will lead the team. Before joining Twitter, Tess was involved in the development of Tendermint Core, also working with, the Interchain Foundation, and Cosmos.
Hello Twitter Crypto
As Tess Rinearson explains in a thread, the team will work in the area of cryptocurrencies, blockchain, and other decentralized technologies to create solutions that are not necessarily related to the financial domain.

I’m thrilled to share that I’ve joined Twitter, to lead a new team focused on crypto, blockchains, and other decentralized

Read More »

Mastercard to Support Cryptocurrency-linked Credit, Debit and Prepaid Cards in The APAC Region

24 days ago

Mastercard is expanding its horizons, bringing cryptocurrency payments to the Asia Pacific region.
Mastercard has developed the world’s most extensive payment network, with more than 36 million points of sale in more than 210 countries, according to official figures.
Mastercard Offers More Options For The Crypto Enthusiasts
Despite surpassing the hundred or so supported currencies and payment methods, Mastercard has been testing compatibility with cryptocurrencies for some time. Now, it has managed to close a partnership with the financial services provider Amber Group —from Hong Kong—, the Thai cryptocurrency exchange Bitkup and the Australian service for buying and selling cryptocurrencies CoinJar.
Logos of Mastercard, Amber, Coinjar and Bitkub. Source: MastercardThe

Read More »

Bitcoin Trades Sideways As US Congress Passes The Controversial Infraestructure Bill

26 days ago

The US Congress has just passed legislation that could potentially change the way Americans think about Bitcoin and the cryptocurrency industry. The approval of the infamous Infrastructure Bill, which received a final vote of 226 to 206, is a controversial moment for the budding industry.
If the bill is signed by US President Joe Biden, then most of the crypto businesses registered in the United States —like Coinbase, Kraken, or even a DEX developed in America— would be considered as brokers and will have to report their transactions to the IRS.
This will require crypto traders to file 1099 forms with the IRS. American crypto businesses will also have to reveal the names and addresses of their clients.
Because of its nature, many crypto companies voiced their concerns that

Read More »

Binance is Tracking the Squid Game Scammers and Will Hand the Intormation to Authorities

29 days ago

The masterminds behind the Squid rug pull are probably enjoying the good life after stealing more than $3 million in a matter of seconds. But Binance is doing everything it can to make sure their party is short-lived.
Binance, the largest cryptocurrency exchange platform in the world, is tracking the scammers. According to Barron’s, an intelligence team is auditing the blockchain, gathering information to hand over to the authorities and help apprehend the scammers.
Binance Wants Scamers to Pay
A Binance spokesperson assured that these strategies have become very popular in the crypto ecosystem recently and that they were working to trace the funds and provide the authorities with as many leads as possible to identify the perpetrators.
“(Binance) is blacklisting addresses

Read More »

SQUID Investors Cannot Sell Their Tokens After a 110,000% Spike, Raising Too Many Red Flags to Ignore

October 31, 2021

The SQUID token made headlines in various financial and cryptocurrency media around the world this week. Still, it might not be the miracle everyone was hoping for.
After rising over 110,000% in less than a week, reports of “investors” who have been unable to sell their tokens after astronomical gains are starting to pop up all over the internet.
The token is ranked #2905 among the cryptocurrencies listed on Coinmarketcap, but the price aggregator itself has already put up a banner warning about the high risk of investing in the token because it might be blocking the posterior sales -something ubiquitous in several crypto scams.
We have received multiple reports that users are not able to sell this token in Pancakeswap. Please do your own due diligence and exercise caution

Read More »

El Salvador Buys The Dip: 420 More Bitcoins —And The Investment Is Already Profitable

October 28, 2021

The president of El Salvador has done it again. As a good Bitcoin maximalist, the price crash didn’t scare him, and instead of complaining or tweeting that his precious coin was going to $0, he just bought more Bitcoin, A LOT of Bitcoin.
In a tweet shared a few hours ago, Nayib Bukele announced that he bought the dip. Buying the dip is an expression that refers to taking advantage of a bear market to buy a cheap asset during the crash and then waiting to profit once the prices recover.
The president of El Salvador said he bought 420 more Bitcoin —a meme number associated with the marijuana community— in what seems to be yet another one of his many jokes, such as calling himself emperor of his country, putting lasers on his eyes, and tweeting with hashtags allusive to the

Read More »

Crypto Exchange FTX Buys Ad for the Super Bowl

October 27, 2021

FTX, the booming cryptocurrency and crypto derivatives exchange founded by Sam Bankman Fried, recently purchased an ad for next year’s Super Bowl, according to reports.
The Super Bowl is the most significant event in American football. It is the annual championship game of the National Football League. The NFL is the most valuable professional sports league in U.S. and Canada, with some US$13 billion in revenue, according to Sport Casting data. For reference only, the MLB and NBA generate approximately $10 Billion and $7.4 Billion, respectively.
The Superbowl is The Best Way To Spread FTX’s Message
The Super Bowl ad would open up the opportunity for FTX to be introduced to a potential audience of some 91 million viewers. Sam Bankman Fried has done the math, and according

Read More »

Elon Musk Says He Doesn’t Own Shiba Inu Tokens, Enraging SHIB Hodlers

October 25, 2021

Elon Musk has a Shiba Inu puppy at home. Elon Musk has joked about Shiba Inu, but Elon Musk doesn’t hodl Shiba Inu.
Replying to one of the many Shiba Inu accounts on Crypto Twitter, the famous Elon Musk confirmed that he didn’t own Shiba Inu, despite being a highly influential figure for that community.
Elon Musk Has no Shiba, Floki, or Any Other Dogecoin Spin-Off
And although his puppy’s name is Floki, Elon Musk does not have a single Floki token either.
Elon Musk said he only owned Bitcoin, Ethereum, and Dogecoin (a portfolio he had already revealed). The disclosure came with a piece of advice for all maximalists —be it Bitcoin, Shiba Inu, or any other cryptocurrency: faith in a coin does not matter as much as the ecosystem of services built around it.
Elon Musk says he

Read More »

Avalanche (AVAX) Founder: Stablecoin Adoption Will Mark The Success of the Crypto Industry

October 24, 2021

What is the best thing the cryptocurrency ecosystem could do to ensure its global success? Boost the dominance of stablecoins.
Anyone who disagrees is free to debate with Emin Gün Sirer, CEO of Ava Labs, the company behind the succesful Avalanche protocol, who explained to Business Insider that stability must reign in the world of decentralized currencies if they are to be attractive to the general public.
Stablecoins Will Be The Next Big thing
ISpeaking to Business Insider, Emin Gün Sirer assured that the real success of cryptocurrencies as a social phenomenon will come when a fiat-pegged stablecoin becomes the No. 1 coin by market capitalization.
“We are not anywhere near done until the number one coin is a stablecoin. That’s my indicator for real success.”
As of now,

Read More »

New York Attorney General Cracks Down On Cryptocurrency Lending Services

October 19, 2021

New York Attorney General Letitia James announced on October 18 that she had ordered the shutdown of an unidentified group of cryptocurrency lending platforms operating in the state.
As per an official press release, the companies would be acting in contravention of the stipulations of General Business Law § 352 et seq —better known as the “Martin Act.”
Ms. James argues that cryptocurrency lending platforms are “interest-bearing accounts” and therefore must register with the Office of the Attorney General (OAG) in order to operate in New York.
Cryptocurrency Exchanges Are Not Above the Law
The Office of the New York Attorney did not specify the affected companies; however, the press release reveals that the Attorney General issued five notifications to a number of

Read More »

Axie Infinity Announce a New Controversial Update. AXS and SLP Drop -7%

October 16, 2021

In a recent blog post, the developers of Axie Infinity, the most popular NFT game in the crypto ecosystem, were pleased to reveal that the fighting monsters were the most traded NFT collection of all time and thanked the players for this achievement.
Comparisson between Axie Infinity and the rest of the most popular NFT collections. Image: Axie InfinityNow, just two weeks after that post, the Axie Infinity team announced the 1.1.0a update, with changes to the game’s dynamics… and this part wasn’t too pretty for some.

The Controversial 1.1.0a Update
The game update consists of three main aspects.
First on the list are the traditional technological changes: Fundamentally, the Axie Infinity team made some changes to the Ronin Block Explorer along with some bug fixes. It is

Read More »

Coinbase Proposes a New Agency To Regulate The Cryptocurrency Industry

October 15, 2021

Coinbase, the leading exchange in America, wants to take the relationship with the U.S. government to the next level, issuing a fairly comprehensive proposal on how it believes the cryptocurrency markets and industry should be regulated in the country.
In a presentation titled “Digital Asset Policy Proposal,” the company explains that the ecosystem has grown so much that today it is imperative to improve the regulatory framework, adapting it to the needs of modern society.
For Coinbase, the crypto ecosystem has diverged so much from the world of modern finance that it is not possible to apply legal analogies. It is necessary to create a new regulatory body focused exclusively on controlling the crypto ecosystem.
Forcing the full spectrum of digital assets into supervisory

Read More »

Ark Invest Doubles Down On Its Efforts To Offer a Bitcoin Futures ETF

October 14, 2021

Ark Invest, the asset management firm founded by cryptocurrency enthusiast Cathie Wood,wants to accelerate is crypto strategy and has now officially lent its name to an ETF tracking bitcoin futures.
A bitcoin future is not actually the same as a bitcoin token. Whoever holds futures contracts does not actually hold the cryptocurrency but rather rights to a pact between parties to purchase an asset in the future at a price determined in the present.
Ark Invest Believes in a US-Regulated Bitcoin ETF
According to Bloomberg, Ark Invest is joining the race of institutions with applications for a cryptocurrency ETF. The ARK 21Shares Bitcoin Futures Strategy ETF, ticker ARKA, will invest in bitcoin futures rather than the cryptocurrency itself, which could facilitate its approval,

Read More »

JPMorgan Chase CEO Still Thinks Bitcoin is Worthless —But His Clients Disagree

October 12, 2021

Bitcoin’s impressive performance has shut the mouths of several skeptics who have had to acknowledge that -at least since the last few years- there is some merit in investing in this cryptocurrency. Jamie Dimon, CEO of JPMorgan Chase, is NOT in this group.
The well-known businessman has again doubled down on his views on Bitcoin, asserting that from his perspective, the cryptocurrency lacks any intrinsic value, and he does not advise taking it as a serious investment.
The CEO of JPMorgan Hates Bitcoin, But Loves His Pro-Bitcoin Clients
However, Dimon acknowledged that his opinion is not the most popular one today.
“I personally think that bitcoin is worthless. (However) our clients are adults (and) they disagree. That’s what makes markets.”
The CEO of JPMorgan knows how to

Read More »

El Salvador Will Use Its Bitcoin Profits to Build a Massive Pet Hospital

October 11, 2021

If you didn’t like the way Nayib Bukele was implementing his Bitcoin policy in El Salvador, maybe his latest actions will change your mind, or at least make you admit he wants to be a bit cute.
After experiencing his first days in the green, the president of El Salvador revealed he was going to use the proceeds of his country’s BTC investment to build a massive pet hospital.
The self-described coolest dictator in the world shared the news on his Twitter account a few hours ago, along with other posts referencing Bitcoin, a warning about the imminent financial crisis, a taunt to his opponents who are very silent now that the country is in profit and several retweets of other media outlets.

We’ll start building this pet hospital with our #BTC profits.

Read More »

Joe Biden Could Be Working on an Executive Order to Control the Cryptocurrency Industry, Reports

October 9, 2021

Biden wants to regulate everything, and it seems that cryptocurrencies are directly in his crosshairs. Apparently, the president of the United States is seriously considering issuing an executive order on cryptocurrencies to get better clarity of the landscape and exercise better control over the industry and the activities related to it.
The news, which was initially reported by Bloomberg citing anonymous but familiar sources, comes as no surprise to many ecosystem experts who were already expecting some move considering previous pronouncements by several members of Biden’s executive cabinet.
Order… Finally?
Since Mr. Biden has no ability to effectively issue laws on cryptocurrencies, the executive order comes as a political move by the Democratic president to try to

Read More »

Stellar Lumens (XLM) Spikes 12% After News of a Partnership Between Moneygram and the Stellar Foundation

October 7, 2021

International remittance service MoneyGram is once again dipping its toes into the blockchain pool. The company has just revealed a new partnership with the Stellar Foundation on October 6, 2021, to develop a payments bridge that streamlines money transfers and enables near-instant settlement in USDC, a stablecoin pegged to the U.S. dollar developed by Circle.
The announcement, which was released a few hours ago, highlights Moneygram’s innovative vision, assuring that the partnership “will revolutionize settlement flows.”
Moneygram Has Not Quit On The Blockchain
As explained in the Press Release, Moneygram would use a version of USDC running on the Stellar blockchain as a means to make transactions more efficient. United Texas Bank will serve as a settlement bank between

Read More »

Bank of America: Bitcoin is Important; The Crypto Industry is Too Large To Ignore

October 5, 2021

Bank of America has published its report “Digital Assets Primer: Only the first inning,” led by Alkesh Shah, head of Global Cryptocurrency and Digital Asset Strategy, providing an in-depth analysis of the current state of the blockchain industry from cryptocurrencies to DeFi and NFTs.
The report says that the industries of cryptocurrencies and decentralized finance services have grown to the point of being “too large to ignore.”
BofA’s researchers note that nearly 221 million users have exchanged cryptocurrencies or used a DeFi service, with a steady growth. Similarly, the increased participation of institutional investors is a clear indication that cryptocurrencies are much more than a passing phenomenon driven by retailers.
Bank of America is Bullish About The Crypto

Read More »

Coinbase Will Let You Get Your Paycheck in Crypto With a Couple of Clicks

September 27, 2021

Coinbase, the leading cryptocurrency exchange in the United States, announced a few hours ago that american citizens will be able to automatically receive their paycheck in crypto.
The new “Get Paid in Crypto” service will allow cryptocurrency enthusiasts to directly receive their paycheck in Bitcoin, Ethereum, or any of the 100+ cryptocurrencies available on Coinbase with little to no effort.
Users also have the option to receive payments in U.S. Dollars directly to their Coinbase account, which they can spend with their Coinbase debit card just like a regular bank account. The exchange also offers the option to receive payments in USDC or DAI and earn interest over time.
Now, you’ll save time on the extra steps it takes to move money so you can immediately earn interest

Read More »