Bitcoin mining was greatly affected between the months of May and June when China banned Bitcoin mining. However, it now seems that mining operations have fully recovered from this ordeal and miners have gone back to earn lucrative rewards. The Chinese crackdown on mining caused a short-term disruption in the network, and the hashrate dropped …
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Long-term cryptocurrency holders have shown great resilience in holding on to their investments. This group of investors has refused to sell their holdings, attributed to the recent gains in prices. Recently, the Bitcoin Long Term Holder Supply Shock Ratio rose to record-high levels. It is the highest level the ratio has achieved over the years, …
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Ethereum-based decentralized blogging platform Mirror has opened its doors to the wider public after months of running vote-based contributions only. Mirror was launched in December 2020 to enable selected writers to publish on the decentralized blogging platform. Contributors could gain access by getting voted for in weekly competitions using the platform’s native token WRITE, with …
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Entrepreneur and Shark Tank star Kevin O’Leary, also known as Mr. Wonderful. has revealed he now holds more crypto than gold. During an interview hosted by Daniela Cambone from Stansberry Research, O’Leary stated that his investment portfolio has a larger exposure to crypto than gold, however, he still advocates for holding both as they are …
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Laos has become the latest nation to begin exploring a central bank digital currency (CBDC), announcing upcoming research on the subject in partnership with Japanese distributed ledger technology (DLT) firm Soramitsu. According to an Oct. 3 report from Nikkei Asia, the project is expected to begin this month and follows the signing of a memorandum …
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Gary Gensler, the head of the U.S. The Securities and Exchange Commission has confirmed that his agency does not have the authority or intention to ban cryptocurrency. While responding to questions during an Oct. 5 House Committee on Financial Services hearing, Gensler emphasized that prohibiting crypto does not fall within the SEC’s mandate, stating: “That …
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After Aave got deployed on the Avalanche (AVAX) blockchain, the value of deposited assets on the popular lending protocol increased by $1 billion in only a matter of hours. Avalanche’s ecosystem is expanding as the network witnesses a major influx of attention and liquidity, all boosted by hefty incentives. Influx of liquidity “Aave is live …
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Crypto villain Elon Musk tweeted a picture of his Shiba Inu puppy in the front trunk of a Tesla, accompanied with the caption “Floki Frunkpuppy.” Source: @elonmusk on Twitter.com Although many assumed Musk’s crypto influences had waned since his Bitcoin outbursts in May, today’s tweet shows he still commands a great deal of clout when …
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The American company that produces Bazooka chewing gum, candy, and collectibles, Topps Company, Inc., announced the launch of the second series 2021 Topps Baseball NFT collection. The latest non-fungible token products from Topps follow the company’s MLB Inception NFT collection release. The collectibles company Topps says that it’s the firm’s largest MLB NFT launch ever. …
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US Bank has launched its cryptocurrency custody services. “Investor interest in cryptocurrency and demand from our fund services clients have grown strongly over the last few years,” the bank said. US Bank’s Crypto Custody Services Now Live U.S. Bank announced Tuesday that its cryptocurrency custody services are now live and available to its Global Fund …
Hedge fund billionaire Ken Griffin and former U.S. President Donald Trump have both slammed digital currencies as a threat to the U.S. dollar. Griffin, the founder of the $38 billion hedge fund Citadel LLC, told the Economic Club of Chicago on Oct. 4, that crypto is “a jihadist call that we don’t believe in the …
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By Yuga Cohler TLDR: EIP-1559 transactions have allowed Coinbase and Coinbase users to save ETH on gas prices without sacrificing confirmation times. Coinbase has also burned a lot of ETH, permanently reducing the supply of the second largest cryptocurrency by market capitalization. On August 5, 2021, Ethereum’s “London” upgrade launched successfully on mainnet as the last …
Cardano featured in the latest release of the Grayscale Building Blocks, a monthly publication from one of the leading crypto funds in the world. The report focused solely on the third-largest cryptocurrency by market cap. An exposé of sorts. The report went through various aspects of Cardano, including its creation, leadership, community, and so forth. …
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U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler reiterated to Congress this week that the SEC has no plans to ‘ban’ cryptocurrencies. In a direct reply to North Carolina Congressperson Ted Budd regarding any considerations of banning crypto to promote a central banking digital currency, or CBDC, Gensler stated “no, that would be up …
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Data shows large transactions are rising in dominance as whales are moving their coins. This hints at Bitcoin’s increased maturation as a macro asset. Large Transactions Are On The Rise On The Bitcoin Network According to the latest weekly report from Glassnode, large transactions are becoming increasingly dominant on the BTC network, hinting that whales …
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