Protesters calling themselves the Popular Resistance and Rebellion Block have come out against El Salvador’s government passing a law making Bitcoin legal tender. A Tuesday tweet from local news outlet El Mundo shows El Salvadorians carrying banners saying “no to Bitcoin” in the streets of San Salvador demanding a repeal of the country’s Bitcoin law. …
Continue reading “El Salvadorians take to the streets to protest Bitcoin law”
Social media platform Reddit announced it would be using scaling solution Arbitrum to handle scaling its Ethereum-based Community Points system. In a Thursday announcement, Reddit administrator jarins said the platform had launched its own layer-2 rollup using Arbitrum technology for its rewards points. Reddit said it had deployed the layer-2 solution on top of the …
Continue reading “Reddit deploys layer-2 solution aimed at scaling Ethereum-based community points”
The global chief investment officer of investment giant Guggenheim Partners Scott Minerd is warning that Bitcoin’s support level at just above $31,000 could crumble. Speaking to Bloomberg, Minerd says Bitcoin’s slide to around $29,500 earlier this week might have been a “false breakdown,” and he sees the flagship cryptocurrency falling even further. ADVERTISEMENT “The market …
Bitcoin’s (BTC) recovery is facing resistance near $32,500, suggesting that the ride higher may not be an easy one. However, a positive sign is that demand for cryptocurrencies remains strong and lower levels continue to attract buyers. A survey of 150 family office clients of Goldman Sachs shows that 15% have already invested in crypto-assets …
Continue reading “Price analysis 7/23: BTC, ETH, BNB, ADA, XRP, DOGE, DOT, UNI, BCH, LTC”
Crypto trading platform FXT announced the launch of a BEP-20 token after its ERC-20 token witnessed an impressive 1,500% growth since its launch back in January. The new token, which is built on Binance Smart Chain, is designed to reduce transaction costs and settlement times compared with its Ethereum-based predecessor. In addition to increasing the altcoin’s …
Continue reading “FXT token taps into Binance Smart Chain following ERC-20 success”
Crypto investors are betting big on real estate this year as the cryptocurrency market continues to grow. New York Digital Investment Group (NYDIG) recently conducted a survey that found that 46 million Americans own Bitcoin, equating to 22% of all adults. While optimistic, some cryptocurrency investors have expressed concerns regarding the security, custody and volatility …
Massena, a town in New York along the border with Canada, has placed a temporary suspension on new Bitcoin (BTC) mining operations in the area. According to a report by the Associated Press on Friday, Massena town officials mandated the 90-day moratorium on new Bitcoin mining activities due to aesthetic concerns. Steve O’Shaughnessy, a Massena …
Continue reading “Canadian border town suspends Bitcoin mining over aesthetic concerns”
The daily transaction count on the Binance Smart Chain has increased by 92% in one month Active daily addresses on the Binance Smart Chain have increased by 33% in the same time period Dapps on the Binance Smart Chain are growing with games and play-to-earn applications leading the rest in unique wallet interactions 4 of …
Continue reading “Binance Smart Chain Daily Transaction Count Grows by 92% in One Month”
Zilliqa is taking a strong lead amongst layer-1 protocols on a technical level Zilliqa is also being built from the ground up with sharding at its core Zilliqa, therefore, is in a unique position till Ethereum can implement its own scaling solutions Scilla, the programming language being used on Zilliqa, is also an easier, safer …
Continue reading “Zilliqa forms a Strong Alternative to Market Leader Ethereum – Report”
In celebration of the 52nd Anniversary of the Apollo 11’s historic lunar landing, Banquet, Dapp Craft Studios, The Aldrin Family Foundation, and frequent NASA collaborator, Nick Graham, have joined forces to release Apollo 11-52 inside Decentraland, the decentralized 3D virtual reality platform powered by the Ethereum blockchain. The stunning achievement of the lunar landing comes …
Continue reading “The Apollo 11 Moon landing is getting recreated in the Decentraland metaverse”
Cross-chain DeFi protocol ThorChain suffered an exploit in the early hours, resulting in the loss of $8 million. At present, details of the incident are still under investigation. But devs believe this to be a “whitehat” attack. Meaning, it was done to highlight security vulnerabilities. As such, the team is hopeful for a return of …
Continue reading “DeFi darling ThorChain (RUNE) suffers $8m hack, its second in a week”
In line with its hardline stance on cryptocurrencies, the Central Bank of Russia (CBR) has issued a recommendation against the listing of securities tied to crypto assets on the country’s stock exchanges. The “preventive measure” will not affect state-issued digital currencies. Bank of Russia Worried About Common Investors’ Exposure to Crypto Derivatives Russia’s central banking …
Continue reading “Bank of Russia Advises Stock Exchanges to Avoid Trading Crypto Instruments”
On Friday, the game token utilized within the Axie Infinity gaming realm has once again captured another all-time price high at $32.17 per unit. The game token has outperformed a great majority of crypto assets by commanding more than 844% in gains during the last month. Axie Infinity Outperforms Crypto Competitors The cryptocurrency community is …
Continue reading “Ethereum Gaming Token Axie Infinity Taps Another All-Time Price High”
The deputy governor of the Reserve Bank of India (RBI) has revealed that the central bank is planning to launch a state-backed digital currency in phases so that it would have “little or no disruption to India’s banking or monetary systems.” RBI Plans ‘Phased Implementation’ for Digital Rupee RBI Deputy Governor T. Rabi Sankar talked …
Continue reading “India’s Central Bank RBI Unveils Plan to Launch Digital Currency in Phases”
The Stellar Development Foundation reportedly wants to acquire payments giant MoneyGram. Citing people familiar with the matter, Bloomberg reports that the non-profit organization behind the blockchain payment platform Stellar Lumens (XLM) is working with Boston-based private equity firm Advent International on the potential acquisition. ADVERTISEMENT The two firms have already contacted MoneyGram, but a …
Continue reading “Crypto Platform Stellar Looking To Acquire Payments Giant MoneyGram: Report”
