Digital Finance Group (DFG), a global crypto investment firm, has allocated 200,000 DOT to Efinity’s crowdloan. The allocation, worth over $7 million at press time, is the second time DFG invested in a project competing for a Polkadot parachain—earlier this month, the company contributed 500,000 DOT to Acala. DFG looking to invest in as many …
Monthly archives: November 2021
Data Shows a Myriad of Crypto Networks Are More Profitable to Mine Than Bitcoin
As the end of the year approaches, digital currency values have risen a great deal in 2021 and crypto asset miners have been profiting as a result. According to statistics, the most profitable coin to mine at the end of November is kadena, as an 18 terahash (TH/s) machine can get up to $326 per …
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Bitcoin’s Hashrate Dips, Mining Difficulty Expected to Decrease for First Time Since July
Bitcoin’s hashrate has been volatile in recent times following the same patterns as the crypto asset’s price. Three days ago, Bitcoin’s hashrate neared the 180 exahash (EH/s) zone only to plummet to 128 EH/s two days later. The recent shifts have taken place before the upcoming network difficulty adjustment, which is due to change on …
Nigerian Artist Davido Launches Fan Token That Gives ‘Power Back to the Fans’
Nigerian artist Davido has launched a fan token, the Echoke Social Token, that he says gives “power” to his millions of fans. Eliminating the Middlemen A Nigerian pop artist and celebrity, Davido, recently announced the launch of his fan token, the Echoke Social Token, via his Instagram account. According to Davido’s Instagram post, this token …
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More Than $750,000,000 Worth of Crypto Liquidated in Just 12 Hours As Markets Sell Off
Tens of thousands of crypto traders have had their positions liquidated as markets across all sectors close out the week in the red. Data from the cryptocurrency futures trading and information platform Coinglass reveals that on November 25th, over $751 million worth of trader positions in digital assets were wiped out in a 12-hour span. …
Facebook’s centralized metaverse a threat to the decentralized ecosystem?
Facebook has been planning its foray into the metaverse for some time now — possibly even several years. But it’s only recently that its ambitious expansion plans have catapulted the concept into mainstream headlines across the globe. Renaming the parent company to Meta was perhaps the biggest, boldest statement of intent the firm could make. …
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NFTs as micro-social networks: The path to crypto adoption
Nonfungible tokens (NFTs) are evolving from a niche interest to a mainstream conversation. The variety of NFT art — from cuddly to edgy to menacing — is drawing in a new audience of enthusiasts. Beyond the art, NFTs are providing a glimpse into a new layer of social interaction. When framed as micro-social networks, NFTs …
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Vitalik Buterin proposes limiting calldata per block to lower gas fees
The co-founder of Ethereum, Vitalik Buterin, has proposed setting a new limit on the transaction calldata in a block to reduce the gas fees crippling the Ethereum network. The high gas fees on the network have been attributed to an exodus of users looking towards cheaper and scalable blockchain networks. Buterin suggested a post on …
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YouTube attributed to millions lost through crypto scams
The cryptocurrency market has grown significantly this year, and while this is a good thing, it has created a space that fraudsters are exploiting to scam new investors. One of the platforms that are being exploited to scam new crypto investors is YouTube. YouTube is one of the most affluent marketing and influencer platforms in …
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OKEx staff talk about trade automation and DeFi hub
OKEx, one of the largest cryptocurrency exchange platforms, has provided insights that will help new investors navigate the crypto space, which beginners usually deem complex. OKEx is currently the third-largest cryptocurrency exchange globally after Binance and Coinbase. The exchange reports billions of dollars in trading volumes, and it has listed 312 cryptocurrencies and offers 518 …
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The Graph at 41.02 after 16.5% gains – How to buy GRT
This week, the crypto market has been in a recession amid the dips being recorded across the entire financial sector. However, some coins are going contrary to the market trend, and they are moving towards notable highs because of increased buying support. The Graph is one of the top market gainers during the past 24 …
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Crypto Whales Are Pouncing on Eight Ethereum-Based Altcoins Amid Crypto Market Dip
The largest crypto whales in the Ethereum ecosystem are utilizing the market dip to purchase more ETH and eight additional altcoins running on the leading smart contract platform. According to the crypto whale tracker WhaleStats, the largest 1,000 non-exchange Ethereum wallets accumulated the meme coin Shiba Inu (SHIB) above all other Ethereum-based tokens in the …
Finance Redefined: 1M ETH burned since EIP-1559, and Dorsey drops tbDEX white paper, Nov. 19–26
Welcome to the latest edition of Cointelegraph’s decentralized finance newsletter. ETH is burning at a rapid rate! Read on to discover the statistics behind Ethereum’s pursuit of deflationary mechanics. What you’re about to read is a shorter, more succinct version of the newsletter. For a comprehensive summary of DeFi’s developments over the last week, subscribe …
Cardano sinks following eToro delisting, are the cracks starting to show?
Cardano (ADA) sunk to $1.58 on Wednesday, marking a 15 week low. This coincided with news that social trading exchange eToro intends to delist both ADA and TRX, for U.S users, in the coming weeks. Source: ADAUSD on TradingView.com In the run-up to the release of Alonzo smart contracts, Cardano hit an all-time high of …
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Digital Land Plots Selling for Millions in Metaverse Projects
The concept of the metaverse is starting to blow up, and many of the early companies that are invested in it are already reaping some of the benefits from this new trend in the market. Digital land plots in virtual worlds are now selling for millions of dollars on different platforms, including Decentraland and Axie …
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