THORChain hasn’t had an easy year. After three exploits in the space of a month during the summer the protocol’s native token (RUNE) took a beating, plummeting from all-time highs over $20.00 in May to a low of around $3.50 in late July. Billed as a way to exchange crypto assets across different blockchains without …
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Facebook is launching the metaverse, a virtual reality platform. It will also feature support for NFTs. Here’s what to expect. Facebook has announced a new project called “metaverse,” a series of web applications built around virtual reality and simulated environments. On Oct. 28, the company announced that it would rename its main company “Meta” and …
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Bitfury Group, one of the leading Bitcoin mining companies, has announced the appointment of Brian P. Brooks as the new Chief Executive Officer. Brooks assumed his new role on October 29, and he will lead the firm in some of its strategic initiatives. Brooks will be replacing Valery Vavilov, the founder of Bitfury, as the …
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There have been no major uniform gains across the cryptocurrency market. However, this has not deterred some coins from making major gains pushing them to new highs. One of the best performers in the crypto charts during the past 24 hours is VeChain. VeChain is trading at $0.159 at the time of writing after an …
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JPMorgan has once again given an insight into digital assets. The Wall Street giant has reaffirmed its earlier analysis that Bitcoin could rise to $146,000 in the long term. However, it has given exceptions for this, stating that this will only happen if volatility drops. JPMorgan also noted that such highs will easily be reached …
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A widely followed cryptocurrency trader and analyst is predicting a major Cardano (ADA) rally. The pseudonymous crypto trader known as Capo tells his 189,600 Twitter followers that Cardano will likely hit $10 before this cycle ends, which represents a rise of around 400% from current levels. However, Capo says that altcoin Polkadot (DOT), currently the …
Public blockchain platform Nervos has announced the mainnet beta launch of Godwoken. The layer-two blockchain protocol integrates Ethereum Virtual Machine capabilities and optimistic rollup mechanics to provide instant transaction finality and low fees within an Ethereum-like environment. Built upon the existing Nervos layer-one network, the multi-chain solution seeks to capitalize on Ethereum’s well-documented drawbacks — most …
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American grocery store chain Kroger is accepting cryptocurrency payments ahead of the holiday season. According to an official announcement on Nov. 5, the major retailer will accept Bitcoin Cash (BCH) at all of its stores — Baker’s, City Market, Dillons, Fred Meyer, QFC and others — as well as for online purchases. Rodney McMullen, Kroger’s …
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Crypto payment gateway Bitfinex Pay has integrated with MetaMask, the popular browser and wallet extension powered by ConsenSys, potentially opening the door to tens of millions of users. The integration, which officially went live on Friday, gives MetaMask’s more than 10 million active users access to Bitfinex Pay. By logging into their wallets, MetaMask users …
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European central banks have been ramping up their efforts to utilize distributed ledger technology (DLT), the foundation of blockchain, in central bank money settlements. Banca d’Italia and Deutsche Bundesbank, the central banks of Italy and Germany, respectively, joined forces to work on settlements in central bank money of DLT-based asset exchanges. The official announcement stressed …
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Nervos today announced that “Godwoken,” the first EVM-compatible Layer 2 blockchain in the network’s multi-layer roadmap, is now in mainnet beta. Starting today, developers can apply to be part of Nervos as it aims to become the next major DeFi ecosystem in the blockchain space. Godwoken, our EVM compatible Layer 2 blockchain, is now live …
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Social gaming platform Enjin has announced $100 million of funding for the Efinity Metaverse. This aims to support Enjin, Efinity adopters, and third parties in developing a whole host of projects, including integrations, gaming, and decentralized infrastructure, to build out the Efinity Metaverse. “We’ve formed a US$100 million Efinity Metaverse Fund to formalize support for …
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The non-fungible token (NFT) space has enjoyed lots of highs in recent memory with a cumulative sale worth hundreds of millions, however, with the mania about the space sputtering out, indications have emerged that there is still reason for optimism in the sector. More people are buying NFTs Reports from Delphi Digital have revealed that …
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Authorities in Kazakhstan have introduced restrictions on the amounts of cryptocurrency retail investors can buy on local exchanges. Officials explained the decision citing the need to protect private individuals from exposure to the risks associated with digital financial assets. Investors in Kazakhstan Can Buy up to $1,000 in Crypto a Month Without Declaring Income Kazakhstan …
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Sky Mavis, the company behind the development of Axie Infinity, has launched Katana, the first decentralized exchange for Ronin, its custom-made Ethereum sidechain. Katana will feature all of the tokens used in Sky Mavis’ products, including SLP and AXS, the native tokens of the Axie Infinity ecosystem. This new product will allow users to earn …
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