Cryptocurrency mining is among several energy-intensive industries hurt by a power deficit in Iceland. The country’s main utility is now rejecting requests to connect new coin minting facilities to the grid, after cutting supply to aluminum smelters and fish factories. Iceland Turns Away New Crypto Miners to Deal With Lack of Energy Iceland’s largest utility, …
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Some economic experts from Africa have suggested that the continent now needs a common cryptocurrency and an integrated capital market to boost trade and sustain growth. The Importance of a Common Crypto Experts on the African economy have argued that a common cryptocurrency along with an integrated capital market is needed to boost trade and …
This year the American artist Michael Winkelmann, otherwise known as Beeple, made history when he sold his non-fungible token (NFT) artwork “Everydays” for $69.3 million on March 11. Beeple’s latest NFT called “Human One” is a life-sized NFT sculpture that sold for $29 million, and the artist will update the NFT during the course of …
Real Vision chief executive Raoul Pal is revealing most of his crypto portfolio for public viewing. In a new interview with Thinking Crypto, the former Goldman Sachs executive says that he primarily started out as a Bitcoin (BTC) investor then switched most of his BTC into Ethereum (ETH). Pal says he then built a basket …
The global hash rate of the Bitcoin network tanked to as low as 84 exahashes per second (EH/s) at the start of June following the Chinese government’s crackdown on the crypto mining sector. According to Blockchain.com, the global hash rate has increased by 108% since June, with the Bitcoin network performing at a rolling seven-day average of …
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Cryptocurrency wallet and infrastructure provider Ledger has debuted a new debit card that enables users to buy goods and services with their digital assets, potentially opening the door to wider adoption of crypto payment services. The Crypto Life card, also known as “CL,” was introduced at Ledger’s biannual Op3n conference on Thursday. The debit card …
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A successful securities-specific blockchain fills all gaps in the current Ethereum architecture by providing efficiency, automation and transparency. Aligning a functioning blockchain with the needs of modern capital markets will require solutions to governance, identity, compliance, confidentiality and settlement. To address these gaps, Polymath has spearheaded the creation of Polymesh, an institutional-grade, public, permissioned blockchain …
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Major exchange Coinbase has announced it will begin to supporting crypto hardware wallets, starting with Ledger. The two companies made the announcement at the Ledger Open conference, which is taking place in Paris on Dec 9 and 10. Ledger is a major supplier of cold hardware wallets, which store users’ private keys more securely than …
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HodlX Guest Post Submit Your Post The recent correction of the second crypto by market cap appears to be nearing an end. Using Elliott Wave Theory as our guide, one can count the minimal waves in place to consider the correction from November 10 as completed. If you recall, on November 18, Elliott Wave helped …
Continue reading “Ethereum’s Corrective Dip Finds Support at 20-Month Trend Line”
The Eastern Caribbean Central Bank (ECCB) rolled out its digital payment system to The Commonwealth of Dominica and the British overseas territory of Montserrat on Dec. 7, leaving only Anguilla left among the eight countries planning to implement it. The ECCB launched the “EC dollar” Central Bank Digital Currency (CBDC) in March 2021 in collaboration …
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New research by consumer data aggregator CivicScience has found that a growing number of investors are selling their shares to purchase more crypto. The research questions were sent to people over 18 years old in the U.S. at varying times during 2021. The results were weighted by U.S. census data. Each question had between 1000 …
Continue reading “Big jump in investors who favor crypto over stocks: Survey”
The world’s top nonfungible token (NFT) marketplace OpenSea has denied it intends to pursue a public listing any time soon. Chief Financial Officer (CFO) Brian Roberts sparked a public backlash this week when he told Bloomberg that “it would be foolish not to think about going public.” The statement caused an uproar among OpenSea’s crypto …
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Andre Cronje, best known for creating the popular yield aggregator Yearn Finance (YFI), recently argued on Twitter that the DeFi sector should ditch the old buzzword and stop calling itself “decentralized”–in favour of a more accurate descriptive term. Although Cronje, who made a substantial contribution to the DeFi space, is ready to “retire” the coined …
At the beginning of the month, Bitcoin dropped to a three-month low of $46,500 in a market-wide flash crash that wiped over 18% of its value in a matter of hours. According to a report from analytics company Santiment, a spike in an often-overlooked metric preceded both this month’s crash and last year’s March sell-off …
Continue reading “This key metric correlates with Bitcoin’s largest price drops”
Four leading virtual currency firms have joined hands to form a Japanese Metaverse association. The association seeks to promote metaverse tech developments and share essential information with industry experts throughout the world.” The association was established by virtual currency trading platform FXcoin, crypto wallet provider Ginco, crypto-asset investment solutions provider Intelligence Unit, and digital asset …
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