The past few months have seen an explosive uptake of nonfungible tokens (NFT) as crypto artists, gaming enthusiasts, musicians, celebrities and now fast food chains deploy the technology in various ways. Fast food giants such as McDonald’s, Burger King and Taco Bell are taking to NFTs because of their capacity to enable gamified promotions and …
Continue reading “Would you like fries with that? Fast-food chains are serving up NFTs”
Crypto analyst Benjamin Cowen says an Ethereum rival is showing strength as Bitcoin pulls back from its all-time high. Cowen tells his 576,000 YouTube subscribers that AVAX, the native token for the smart contract platform Avalanche, is “weathering the storm relatively well.” ADVERTISEMENT The 12th-ranked asset by market cap is trading at $68.28 at …
Online communities, those that share a common interest on the internet, can range from social networks, grassroots organizations and customer communities. We, as a society, are naturally communal, so it makes sense to engage in ideas and interests with others online. Whether we build relationships with people directly or indirectly, communities are built. However, how …
Continue reading “DAOs will be the future of online communities in five years”
Bitcoin (BTC) is lining up a crucial weekly support test on Oct. 23 after impulsive sellers moved large amounts of BTC to major exchange Binance. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView BTC dices with $60,000 BTC/USD is keeping traders nervous into Saturday, data from Cointelegraph Markets Pro and TradingView shows, deciding on the fate of …
Continue reading “Bitcoin decides fate of $60K as weekly close keeps BTC traders on their toes”
The Texas Ethics Commission proposed a new rule that permits government officials and politicians to accept Bitcoin (BTC) and cryptocurrency contributions. The proposal was filed with the Texas Secretary of State, which sought to address and clarify the reporting requirements of political contributions made with cryptocurrencies. According to the filing: “The new rule permits candidates, …
Continue reading “Texas Ethics Commission seeks pro-crypto rule for political contributions”
Amun, a leader in DeFi index products, announced this week the launch of the Polygon Ecosystem Index (PECO) token, as per a release shared with CryptoSlate. Amun is excited to announce the launch of the Polygon Ecosystem Index (PECO)—a single token that captures the best native projects on @0xPolygon. We are celebrating the launch with …
Authorities in Kazakhstan have calculated the energy used in the country’s crypto mining industry which competes for electricity with other sectors of the economy and households. The government has also estimated the additional supply necessary to meet the growing demand from mining farms and proposed a cap on the power rating of new facilities. Kazakhstan …
Continue reading “Single Mining Farm Needs as Much Power as 24,000 Homes, Kazakhstan Estimates”
Developers of the Binance Smart Chain, the Binance-backed decentralized blockchain platform, have proposed applying a mechanism to burn BNB tokens based on the utilization of the network. According to the proposal, this would benefit both validators and holders due to the increase in value that the token would experience thanks to token burns. The proposal, …
Continue reading “Binance Smart Chain Devs Propose Ethereum-Like Gas Fee Burning Mechanism”
Closely followed crypto analyst and trader Michaël van de Poppe is saying that the current Bitcoin correction is likely not yet over. In a new strategy session, Van de Poppe tells his 136,000 YouTube subscribers that BTC could drop further before the leading crypto asset can show signs of recovery. ADVERTISEMENT “So based on …
CoinMarketCap, a price-tracking website for cryptocurrencies, has reportedly fallen victim to a hack that leaked 3.1 million (3,117,548) user email addresses. The information came into light after the hacked email addresses were found to be traded and sold online on various hacking forums, and revealed by Have I Been Pwned, a website dedicated to tracking …
Continue reading “CoinMarketCap hack reportedly leaks 3.1 million user email addresses”
Top-down governmental responses to innovation have always been questioned by entrepreneurs. Right now in crypto land as institutional investment flows steadily in and decentralized finance (DeFi) use cases and products have continued to flourish over the past 18 months, many crypto companies are begging for further regulatory clarity. The original Australian Senate Select Committee on …
Continue reading “Australian Senators pushing for country to become the next crypto hub”
Frederik Gregaard dismissed any notion that Cardano (ADA) is on the back foot, having released smart contracts just five weeks ago. The Cardano Foundation CEO added that, rather than being handicapped, he thinks this puts the project in a much stronger position because the foundational groundwork to get to this point ensures longevity. Let’s explore …
After failing to roll out its CBDC on October 1, the Central Bank of Nigeria (CBN) has released a document in which it reiterates its commitment to launching the e-naira. In fact, in this document titled The Design Paper for the E-naira, the CBN says it is now ready to launch Nigeria’s CBDC. CBN Prioritizes …
The executive power will not oppose cryptocurrency investments, a high-ranking government official has told lawmakers in Pakistan. The statement comes as a regional high court has urged the federal government to regulate cryptocurrencies and formed a committee to look into the matter in the coming months. Minister Says Pakistan Government Has No Objection to Investments …
The American journalist, Youtuber, podcast host, and political commentator, Tim Pool, has talked about bitcoin on numerous occasions and even more so these days as the crypto asset crossed its all-time price high. After the Proshares exchange-traded fund (ETF) launched on the New York Stock Exchange (NYSE), Pool asked his 897,700 Twitter followers if they …
