Core Scientific, a major blockchain hosting and digital asset mining company, is going public through a merger with Power & Digital Infrastructure Acquisition Corp. The deal values the combined company at approximately $4.3 billion. Core Scientific to List on Nasdaq Core Scientific Holding Co., one of the largest blockchain hosting and digital asset mining companies …
Monthly archives: July 2021
China Offers Medics Digital Yuan Insurance Policy for Covid-19
China’s first insurance policy using the digital yuan for settlement has been issued in Shenzhen, local media reported. The new product, targeting medical personnel exposed to coronavirus risks, is offered by the country’s largest insurer, Ping An. The financial giant also has fintech and healthtech entities under its umbrella. Ping An Teams Up With Bank …
Continue reading “China Offers Medics Digital Yuan Insurance Policy for Covid-19”
US Senators Seek to Forbid American Athletes From Receiving and Using Digital Yuan During Beijing Olympics
Three U.S. senators have urged the United States Olympic & Paralympic Committee to forbid American athletes from receiving or using digital yuan during the Beijing Olympics. Raising many concerns, including privacy, they warned, “Olympic athletes should be aware that the digital yuan may be used to surveil Chinese citizens and those visiting China on an …
HOPR Staking Lets You Earn Rewards and NFTs While Supporting Data Privacy
sponsored The HOPR protocol provides network-level and metadata privacy for every kind of data exchange. Designed to be better than TOR, the mixnet protects the identity of both sender and recipient by routing data via multiple intermediate relay hops that mix traffic. Now the project launches staking with NFT rewards and you can earn over …
Continue reading “HOPR Staking Lets You Earn Rewards and NFTs While Supporting Data Privacy”
EU Proposes Law to ‘Ensure Full Traceability’ of Crypto Transfers, Ban Anonymous Wallets
The European Commission has proposed legislation to “ensure full traceability of crypto-asset transfers, such as bitcoin,” in order to prevent and detect “their possible use for money laundering or terrorism financing.” Moreover, “anonymous crypto asset wallets will be prohibited.” New EU Rules Ban Anonymous Crypto Transactions and Wallets The European Commission presented a set of …
Ethereum Could Skyrocket Over 860% in 2022, Predicts Top Crypto Analyst
Prominent analyst and trader Kaleo is predicting a massive rise in Ethereum’s value within the next 12 months despite the current bearish outlook in the crypto markets. In a new interview, Kaleo looks back at the performance of the leading smart contract platform in 2017 when Ethereum (ETH) plunged from nearly $400 to below $200 …
Continue reading “Ethereum Could Skyrocket Over 860% in 2022, Predicts Top Crypto Analyst”
$1,700,000,000 Investment Firm Bolsters Holdings in Grayscale Bitcoin and Ethereum Trusts
Asset management firm Rothschild Investment Corporation reveals in a filing that it bought tens of thousands of shares of Grayscale’s products in the last quarter. Data from the US Securities and Exchange Commission (SEC) shows that Rothschild significantly increased the number of shares it held in the digital asset manager’s Bitcoin and Ethereum trusts in …
It is time for the US to create a ‘Ripple test’ for crypto
Most crypto enthusiasts are less than pleased with the United States Securities and Exchange Commission’s past approach to crypto. This is not because legitimate businesses oppose regulation but because of the breadth, complexity and uncertainty associated with the current regulatory regime. Even in the context of general discontent, few actions by the SEC have engendered …
Continue reading “It is time for the US to create a ‘Ripple test’ for crypto”
GPU price inflation dips slightly as Ether downtrend continues
Graphics processing units (GPUs) have become a little cheaper in July amid a continued downtrend in the price of Ether (ETH). According to a review by TechSpot, GPU prices across popular graphics cards are slightly lower in July than they were in June. The lower prices in July are a continuation of the steady decline …
Continue reading “GPU price inflation dips slightly as Ether downtrend continues”
Kraken CCO will join crypto exchange Bitstamp to run US operations
Cryptocurrency exchange Bitstamp has hired Robert Zagotta, chief commercial officer of Kraken, to be the first CEO of its business in the United States. In an announcement today, Bitstamp said Zagotta would be coming on board to “oversee day-to-day operations” and accelerate the exchange’s growth in the country. He was with crypto exchange Kraken for …
Continue reading “Kraken CCO will join crypto exchange Bitstamp to run US operations”
Bitcoin security still a concern for some institutional investors
United Kingdom-based crypto fund Nickel Digital Asset Management released a survey of 100 wealth managers and global institutional investors to find out the biggest investor concerns associated with crypto. The survey features respondents from the United States, France, Germany, the United Arab Emirates and the United Kingdom, who collectively own $275 billion in assets under …
Continue reading “Bitcoin security still a concern for some institutional investors”
Shiba Inu (SHIB) Subreddit of r/ShibArmy Exceeds 200k Subscribers
The Shiba Inu subreddit community of r/Shibarmy has exceeded 200k subscribers r/Shibarmy now has over 201,521 members ShibaSwap is now listed on DappRadar’s DeFi rankings coming in at number 11 with $1.49 billion in total value locked SHIB/USDT has bounced off the $0.0000057 support zone to post a local high of $0.00000653 The Shiba Inu …
Continue reading “Shiba Inu (SHIB) Subreddit of r/ShibArmy Exceeds 200k Subscribers”
Cardano and Chainlink Bulls Could Step In at These Crucial Levels: Analyst Michaël van de Poppe
Popular crypto strategist and trader Michaël van de Poppe is spotlighting the key levels of support for Cardano and Chainlink as Bitcoin struggles around $30,000. In a new video, Van de Poppe tells his 108,000 YouTube subscribers that Cardano (ADA) is currently holding support above $1.00, but if that level is lost, the crypto analyst …
Digital yuan pilots expand to insurance industry for the first time
China’s nascent central bank digital currency, the digital yuan, has already been deployed for an extensive array of successful pilot schemes, ranging from e-commerce to salary payments and to festive traditional lotteries. This week has reportedly seen the currency debut in the insurance industry, in the city of Shenzhen, where it is being piloted by …
Continue reading “Digital yuan pilots expand to insurance industry for the first time”
Etherisc onboards 17K Kenyan farmers covered by blockchain-based crop insurance
An insurance collaboration between decentralized protocol Etherisc and microinsurance issuer ACRE Africa has allowed thousands of farmers in Kenya to receive coverage for weather-related risks. Etherisc and ACRE Africa said they had processed insurance payouts for some of the more than 17,000 smallholder farmers in Kenya covered under the collaboration. The Chainlink Community Grant, the …
Continue reading “Etherisc onboards 17K Kenyan farmers covered by blockchain-based crop insurance”