On December 11, 2019, the CEO of Twitter announced the company was funding a project aimed at creating a decentralized social media standard. Jack Dorsey said that the ultimate goal of the project dubbed “Bluesky” is for Twitter to be a client of the standard. A year and eight months later, Bluesky announced that a …
Monthly archives: August 2021
Here Are the Top 5 Altcoins To Watch Right Now, According to Crypto Analyst Michaël van de Poppe
Popular cryptocurrency analyst and trader Michaël van de Poppe says he is currently watching five altcoins that can potentially surge in the coming weeks. First on Van de Poppe’s list is blockchain indexing protocol The Graph (GRT) which he says is poised to end its downtrend and possibly revisit its all-time high against Bitcoin at …
3 ways this Bitcoin bull run is different than late 2020
Bitcoin (BTC) is getting compared to late 2020, but this rally in fact has several major differences which make it “not normal.” According to Pete Humiston, manager of Kraken Intelligence Research, Bitcoin in Q3 2021 is a different beast when compared to Q4 2020. GBTC keeps its steep discount Despite going from $29,000 to $48,000 …
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Spanish officials issue warning on Huobi and Bybit crypto exchanges
Regulators around the world continue to keep the pressure fresh on crypto businesses. Spain’s National Securities Market Commission (CNMV) is the latest to issue a warning on several crypto- and financial market-related businesses for unregistered services. According to the official document, CNMV has issued warnings on 11 entities on Aug. 16 for not being registered …
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Alibaba launches NFT marketplace for copyright trading
Chinese multinational e-commerce firm, Alibaba Group Holding, has launched a new nonfungible tokens (NFTs) marketplace allowing trademark holders to sell tokenized licenses to their intellectual property. The new NFT marketplace, dubbed “Blockchain Digital Copyright and Asset-Trade,” can be accessed via Alibaba’s Auction platform. NFTs launched via the platform will be issued on the “New Copyright …
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Eth2 staking contract ranks as single-largest Ether hodler with $21.5B
The staking contract for the Ethereum 2.0 blockchain is now the single-largest holder of Ether. According to blockchain analytics provider Nansen, the Eth2 staking contract has surpassed Wrapped Ethereum (wETH) to become the single largest holder of ETH. Unlike Ether, Wrapped Ether adheres to the ERC-20 standard, making it the favored representation of ETH among …
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Altcoin Boom Pushes Crypto Market Beyond $2 Trillion – eToro Crypto Roundup
Cardano, Dogecoin and XRP celebrate high double-digit gains as confidence returns to the market. The total value of the crypto market has once again risen above $2 trillion, as altcoins including Cardano and XRP race to reclaim all-time highs. This bullish price action comes in defiance of negative headlines. The Senate passed the infrastructure bill …
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Minority communities are investing in crypto to escape financial discrimination
A survey provided to USA Today by Harris Poll has found that Black, Hispanic, and LGBTQ Americans are significantly more likely to own crypto assets. According to surveys of 2,010 and 2,003 U.S adults conducted during June and July, 23% of Black Americans and 17% of Hispanic Americans indicated they are currently invested in digital …
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US State Department offers up to $10 million in crypto rewards to white hat hackers
The United States government is offering rewards in cryptocurrency for information relating to the operations of enemy state-backed hackers or suspected terrorists. The U.S. State Department’s new “Rewards for Justice” platform allows informants to submit anonymous tips and information in return for rewards in digital assets. The platform was promoted at the Black Hat USA …
Alex Saunders again under fire after virtual HQ in Decentraland fails to launch
Australian crypto influencer and Nuggets News founder Alex Saunders is facing backlash over his non-fungible token (NFT) sale from late last year. Nuggets News is a paid group providing technical analysis and crypto tips to subscribers that was founded by Saunders in 2017. As of Aug.17, Nuggets News had roughly 146,000 subscribers on YouTube. In …
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Ethereum (ETH) onchain capacity increased 9% after EIP-1559 rollout
While Ethereum (ETH) co-founder Vitalik Buterin explains how the long awaited network upgrade affected the chain capacity, the crypto community continues raising the high gas fees question. The London hard fork, which included the EIP-1559 upgrade, a reductive measure set to reign in Ethereum’s supply growth, went live on August 5 and boosted the price …
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Novogratz: Cardano has no “traction with devs,” Hoskinson fires back
The CEO of Galaxy Digital, Mike Novogratz, said a discussion with 20 of the smartest people he knows showed none speaking highly of Cardano regarding “traction with devs.” Not true. I spoke to twenty of the smartest people I know in the space, and zero of them saw cardano having traction with devs. — Mike …
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Finder’s Expert Panel Suggests Litecoin’s Price to Spike More Than 40%, $266 per LTC by Year’s End
The product comparison website Finder has published a report that polled 42 financial technology (fintech) specialists and found the average forecast from the group indicates they believe the crypto asset litecoin will be worth more than $200 by the end of 2021. The crypto asset launched by Charlie Lee in 2011, has been trading for …
Ethereum, Bitcoin, Cardano Are Most Popular Cryptocurrencies in Singapore, Survey Shows
A new study shows that ethereum is the most popular cryptocurrency among more than 4,000 adults surveyed in Singapore. The second-most popular crypto is bitcoin, followed by cardano. Singapore-Based Crypto Investors Prefer Ethereum, Bitcoin, Cardano The new 2021 State of Crypto in Singapore, a joint study by Seedly, Gemini, and Coinmarketcap, was published Monday. It …
Bank of America Sees Long Road Ahead for Coinbase to Become the ‘Amazon of Crypto Assets’
Bank of America has initiated coverage of Coinbase Global. The bank has identified several factors that could boost Coinbase’s revenue. Regarding the crypto exchange’s plan to become “the Amazon of crypto assets,” Bank of America says it is “still in very early stages of development.” Bank of America Awaits Concrete Signs of Progress Against Coinbase’s …