Blockchain analytics firm Glassnode reveals that Bitcoin’s supply on crypto exchanges is in a sustained downtrend since early 2020 as users withdraw BTC at a staggering rate. Glassnode tells its 368,300 Twitter followers that 617,000 BTC, currently worth $37.97 billion, have moved out of crypto exchanges in a span of 20 months. The crypto …
Monthly archives: November 2021
Panther Protocol and SupraOracles Join Forces To Enable Cross-Chain, Private DeFi
November 1, 2021 – Midtown, Gibraltar Panther Protocol and SupraOracles join forces to introduce cross-chain and private decentralized finance solutions. Both parties will advance the DeFi industry and introduce much-needed infrastructure to cater to a global audience. In addition, the partnership will empower users and developers alike to fuel more competition and innovation in this …
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City of Liverpool takes interest in blockchain-powered food delivery platform
On Monday, Metro Mayor of the Liverpool City Region Steve Rotheram announced a 700,000 pound ($955,957) investment into blockchain-powered food delivery service Peepl. The software aims to act as a cost-efficient alternative to food delivery giants for local restaurants. Peepl claims that it can save restaurants up to 50% on the commissions typically charged by …
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Amazon job posting hints company’s Web Services are preparing to adopt crypto
Major online retailer Amazon’s IT service management company may be considering driving adoption in the digital asset space among its customers. According to a Saturday job posting, Amazon Web Services’ New York office is hiring a Financial Services Specialist who “understands the overall cryptocurrency and digital asset ecosystem,” with experience in blockchain and distributed ledger …
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Ethereum shillers call for $5K ETH, and this time derivatives data is backing them up
Ether (ETH) pundits have been shouting that the $5,000 price has been ‘programmed,’ since 2018, and some go even further by calling for $20,000 over the long term. $5000 $ETH. It is programmed. — Koroush AK (@KoroushAK) October 29, 2021 A portion of these bullish calls are based on ETH 2.0 staking and the reduced …
Vitalik Buterin shares positive outlook on the establishment of crypto cities
In a blog post published on Sunday, Ethereum (ETH) co-founder Vitalik Buterin voiced his support for utilizing the cryptocurrency phenomena to serve the interests of local governments and their citizens. Specifically, Buterin discussed the formation of city tokens and decentralized autonomous organizations, known as DAOs. DAOs are self-governing organizations where users draft and enforce rules …
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Scaling a $500Bn+ Ecosystem: Layer 2 and Other Ethereum Scalability Solutions and Their Current Solution Landscape
By Andreas Freund, EEA Mainnet Interest Group Member The following is a current state of the Ethereum scalability ecosystem mini report, which is longer and more in depth than a typical blog post. Many enterprises have abandoned private Blockchain consortia due to several factors: the absence of meaningful network effects in private Blockchain implementations …
‘Squid Game’ token soars 110,000%, but holders are unable to sell
SQUID, a cryptocurrency token created based on the popular Netflix Korean-language series Squid Games, has seen its value rise by over 200% within the last 24 hours touching to as high as $4.32. But users are now reporting they are having trouble selling, leading some to speculate whether there is reason to be concerned. $SQUID …
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Nigeria ranks ahead of U.S., others in crypto ownership. Bitcoin remains hot favorite.
In a finding that has returned conversation about the growth of crypto adoption in Nigeria, the country has been ranked as having the highest rate of crypto ownership globally. This figure became public thanks to the research of Finder Cryptocurrency Adoption Index, which disclosed that 24.2% of Nigerians invest in at least one digital asset. …
Alpaca Finance raises $3.6 million in public sale of first half of new NFT collection Alpies
Disclosure: This is a sponsored post. Readers are encouraged to conduct further research prior to taking any actions. Learn more › Notably, NFTs have recently led to revolutionary concepts in digital art, gaming, and virtual metaverses, creating new billion-dollar markets. Now, as the size of the NFT space reaches new heights, protocols are emerging with …
Grayscale parent Digital Currency Group raises $700 million
A factor that predicted the Bitcoin crash in 2018 suggests bullish action is ahead Over the past few days, you’ve likely noticed a lot of buzz about a trend in the crypto space: Tether, the company behind the USDT stablecoin, has begun to issue millions upon millions of their coin. Digital Currency Group, told CNBC in an …
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Burger King Giving Away Bitcoin, Ether, Dogecoin in Partnership With Robinhood
Burger King is giving away 20 bitcoin, 200 ether, and two million dogecoin this month in partnership with trading platform Robinhood. “Each entrant may receive up to 21 Prize Codes” that can be redeemed for cryptocurrencies on Robinhood. ‘Burger King With a Side of Crypto’ Fast food restaurant chain Burger King has announced “Burger King …
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An In-Depth Look at Olympus DAO Protocol and the Not-So-Stable Stablecoin OHM
In mid-October, Bitcoin.com News reported on how decentralized finance (defi) or algorithmic stablecoins have seen significant demand in 2021. One particular stablecoin called OHM is quite different from the traditional reserve currency defi protocols today, as OHM is a free-floating currency backed only by what’s held in the Olympus DAO treasury. OHM may not be …
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How to Recover a Lost Dogechain.info Wallet Password and Unblock 2FA – KeychainX Expert Explains
sponsored Have you lost the password for a Dogechain.info wallet or have it locked behind 2FA and fear you will never get to hold your precious coins ever again? Good news, KeychainX wrote a handy guide on how to recover such wallets. This is a trusted service provider that specializes in recovering lost Bitcoin wallets …
Defi Losing Track of Its Core Vision as It Gradually Resembles the Very Idea It Aspired to Change
As defi continues to expand, it risks embracing the very ideology it initially sought to reject as the primary beneficiaries of this new financing paradigm are those who already own digital assets. Replacing Intermediaries Doesn’t Directly Improve Finance When it comes to financial products and solutions, almost everything comes with a catch, be it exceptional …