Leading cryptocurrency exchange Binance has announced the launch of a powerful Binance Coin (BNB) Auto-Burn protocol in place of its present quarterly burn system. The decision comes in response to the multiple requests forwarded by the BNB community users demanding the replacement of the existing quarterly burning mechanism for the native currency. With this new …
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Serving as the international subsidiary concern of the world’s biggest business services provider PricewaterhouseCoopers, PwC Hong Kong is all set to make a smashing entry in Metaverse. To initiate this expedition, PwC Hong Kong has purchased LAND in the renowned virtual metaverse of The Sandbox. The Sandbox portal allows users to immerse themselves in an …
In recent months, social media companies have shown openness regarding crypto adoption. The latest to join the list is Telegram, which is currently working on its Telegram Open Network (TON) technology. The TON project was unveiled last year before Telegram announced it was leaving it. Telegram’s TON project rebrands to Toncoin The CEO and co-founder …
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Coinbase Prime has announced that it will be joining forces with Enfusion to bring crypto trading closer to institutional investors. The integration of Enfusion on Coinbase Prime is scheduled to be completed in the second quarter of 2022. The collaboration between Coinbase Prime and Enfusion will allow institutional investors to access easily the wide of …
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A closely followed strategist is identifying key price levels for an Ethereum (ETH) competitor that’s been outshining the overall shaky crypto markets. Popular analyst Justin Bennett takes to YouTube for an in-depth strategy session about Polygon (MATIC), a scaling solution designed to enable the widescale adoption of decentralized apps on the Ethereum blockchain. Bennett believes …
Amid the ongoing uncertainty about the future of cryptocurrencies in Russia, one local industry executive has disclosed a potential method for the Bank of Russia to block crypto transactions. Andrey Mikhaylishin, CEO of the local crypto payment startup Joys, said that the Russian central bank is now considering several potential options to make its crypto …
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In glad tidings for an orange Christmas, Bitcoin (BTC) supply is drying up to lows not seen for years. In a recent tweet by CryptoRank, just 6.3% of the total Bitcoin supply, or 1.3 million BTC, is held on cryptocurrency exchanges. The decreasing supply is nothing new, trending down since the Bitcoin halving in 2020 …
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Bitcoin (BTC) whales are the center of attention again this week as large transactions flow back to exchanges. Data from on-chain analytics platform CryptoQuant on Dec. 24 shows that relatively, whales are increasing their presence as potential sellers. Action stations as Bitcoin climbs to $51,000 According to CryptoQuant’s Exchange Whale Ratio indicator, the proportion of …
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Founded in 2015, Polkadot has been the focus of much attention this year due to its parachain auctions. Footprint Analytics has written an in-depth analysis of Polkadot’s ecosystem: Footprint: Will Polkadot be Blockchains 3.0? Footprint Analytics：Moonriver TVL And as Polkadot grows, so too does its ecosystem. Moonriver, the second parachain to get a slot in …
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Jack Dorsey’s recent comments surrounding the concept of Web 3 stirred up a fiery discussion among the crypto community on Twitter–bringing out all shades of tribalism, maximalism, and cypherpunk righteousness. ShapeShift CEO Erik Vorhees joined the ongoing debate, arguing that Proof of Stake (PoS) has some advantages over the Proof of Work (PoW) consensus mechanism, …
A crypto working group has held its first meeting at Russia’s parliament. Its members have been tasked to put forward legislative proposals designed to comprehensively regulate cryptocurrencies and related matters in the Russian Federation. Working Group Gathers at State Duma to Draft Crypto Regulations Lawmakers, government officials, and experts have met at the lower house …
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Justin Sun, the founder of Tron, a smart contract-enabled cryptocurrency platform, announced yesterday he would fly to space next year to fulfill one of his childhood dreams. The space trip will be done in a Blue Origin spaceship, the company owned by Jeff Bezos, founder of Amazon, which also made an inaugural flight last July. …
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press release PRESS RELEASE. Avalanche has announced the integration of flexible fiat payment on-ramps on their network, thanks to a new integration with Alchemy Pay. Alchemy Pay is a payment solution that bridges fiat and crypto economies and it will now offer support for Avalanche’s public blockchain’s native token AVAX for payments. Avalanche also announced …
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Decentralized exchange (dex) volumes have become very prominent this year and some dex applications have been dealing with volumes that are sizable to large centralized crypto exchanges. During the last seven days, Ethereum-based dex platforms processed $21 billion with Uniswap capturing 71% of all the Ethereum-based dex applications today. Statistics from a report published by …
A massive whale is turning heads after relocating nearly a hundred million dollars worth of Bitcoin in a single transaction. Whale-tracking bot Whale Alert initially detected the huge BTC transfer and reported the details to its 1.9 million Twitter followers. The whale involved transferred the 2,001 BTC, worth $97.29 million from the US-based crypto exchange …
