Stay updated on the latest developments taking place in the world of crypto and blockchain as we bring you the top headlines from 20/10/21. Galaxy Interactive Raises $325 Million For Developing Metaverse and Next Gen Games Galaxy Interactive, which is a venture capital firm focused on the next generation of interactive technologies, recently declared that …
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A closely followed crypto analyst and trader says XRP is getting ready to ignite a strong move to its all-time high, while adding that demand for Ethereum (ETH) looks healthy. The pseudonymous analyst Credible tells his 249,600 Twitter followers that XRP appears to be mirroring price action from earlier this year when it surged from …
Measurable Data Token (MDT) has announced the launch of a blockchain-based oracle service, Measurable Finance (MeFi), which has been designed to connect traditional financial data markets to the decentralized finance (DeFi) sector. In its primary showcase of utility, the project constructed a decentralized application (dApp) —accessible on both the Ethereum and Testnet blockchains — which …
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As a result of El Salvador’s mainstream Bitcoin (BTC) adoption, Volaris El Salvador, a local subsidiary of budget Mexican airline Volaris, will accept Bitcoin as payment. The Bitcoin move comes a month after Salvadoran aviation authorities gave Volaris’s local subsidiary permission to operate in the country. Salvadoran President Niyab Bukele took to Twitter to announce …
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Most young investors in the United Kingdom are entering the crypto market thanks to the hype on social media and news, but they are not aware that the market is not regulated, a new study published by the U.K. Financial Conduct Authority (FCA) revealed. The survey revealed that a majority (69%) of the investors under …
Continue reading “Competition drives young traders’ crypto investments, says UK watchdog”
The Russian government is considering a new project to mine Bitcoin (BTC) with associated petroleum gas. Vasiliy Shpak, deputy minister of Industry and Trade of Russia, has reportedly filed a proposal with the Russian central bank and the Ministry of Digital Development to use the country’s oil field equipment for mining cryptocurrency. According to a report …
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Scalability and security are the biggest concerns for many blockchain networks. Over the years, Ethereum has released many updates to enhance performance and increase efficiency for the network. The London hard-fork update EIP-1559 is one of its efforts to stabilize transaction fees that would improve user experience. In essence, those updates didn’t even slightly help …
Continue reading “Ethereum 2.0 Moves Closer To Proof-of-Stake: What’s Coming Next?”
In an indication that the crypto community has been waiting tirelessly for a Bitcoin exchange traded fund (ETF), available data has shown that Proshares Bitcoin futures ETF, the first of its kind in the United States, saw a trading volume of over $1 billion in its first day of trading. ProShares sees $1 billion in …
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Tendermint, the software development company behind Cosmos, and the Interchain Foundation (ICF), have announced a partnership with Forte, an organization building a blockchain platform for video games. Gaming partnership As core contributors to the Cosmos Network, Tendermint’s partnership with Forte creates accessibility to blockchain gaming for all developers and gamers who can easily integrate their …
Data from Messari shows, over a year, average transaction fees on the Cardano network have increased from $0.03 to $0.47 – this represents a 1,466% increase. Source: messari.io Transaction fees are calculated in ADA at a mainly fixed or constant rate. Therefore, it’s expected that as the price of ADA increases, so do the transaction …
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Data from blockchain intelligence firm IntoTheBlock shows Bitcoin perpetual swap open interest (PSOI) hit close to $18 billion on Monday – a level not seen since mid-April, marking a 26 week high. Source: @intotheblock on Twitter.com The firm suggests that a possible reason for this is due to traders overleveraging their positions. What’s more, further …
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Disclosure: This is a sponsored post. Readers are encouraged to conduct further research prior to taking any actions. Learn more › As the blockchain and virtual asset space continue to grow with the rise of cutting-edge applications, large companies, and institutional investors are tapping into the space. As of now, there are more than ten …
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85% of DeFi users are riding the NFT wave, with US collectors leading the front Non-fungible tokens (NFTs) have gained popularity over the last two months, according to DappRadar, a data acquisition and analysis company that tracks decentralized applications (dapps) across multiple blockchains, which attracted more than 500,000 users during July 2021. 2 min read …
Continue reading “Brazilians bought over $4 billion worth of crypto in 2021”
The Ghanaian central bank is seeking to make its digital currency, the e-cedi, available to offline users, an official with the bank has said. Overcoming the Challenge of Limited Power According to Kwame Oppong, who heads fintech and innovation at the Bank of Ghana (BOG), the e-cedi is also expected to facilitate transactions without the …
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Novi, Facebook’s digital wallet, will launch a pilot program to test the functionality of the service in two countries: Guatemala and the U.S. The test will allow Novi to test all of its main functions and to evaluate what things need to be improved before launch. Novi will use pax dollars as the main currency …
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