Data from Messari shows, over a year, average transaction fees on the Cardano network have increased from $0.03 to $0.47 – this represents a 1,466% increase. Source: messari.io Transaction fees are calculated in ADA at a mainly fixed or constant rate. Therefore, it’s expected that as the price of ADA increases, so do the transaction …
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Data from blockchain intelligence firm IntoTheBlock shows Bitcoin perpetual swap open interest (PSOI) hit close to $18 billion on Monday – a level not seen since mid-April, marking a 26 week high. Source: @intotheblock on Twitter.com The firm suggests that a possible reason for this is due to traders overleveraging their positions. What’s more, further …
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Disclosure: This is a sponsored post. Readers are encouraged to conduct further research prior to taking any actions. Learn more › As the blockchain and virtual asset space continue to grow with the rise of cutting-edge applications, large companies, and institutional investors are tapping into the space. As of now, there are more than ten …
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85% of DeFi users are riding the NFT wave, with US collectors leading the front Non-fungible tokens (NFTs) have gained popularity over the last two months, according to DappRadar, a data acquisition and analysis company that tracks decentralized applications (dapps) across multiple blockchains, which attracted more than 500,000 users during July 2021. 2 min read …
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The Ghanaian central bank is seeking to make its digital currency, the e-cedi, available to offline users, an official with the bank has said. Overcoming the Challenge of Limited Power According to Kwame Oppong, who heads fintech and innovation at the Bank of Ghana (BOG), the e-cedi is also expected to facilitate transactions without the …
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Novi, Facebook’s digital wallet, will launch a pilot program to test the functionality of the service in two countries: Guatemala and the U.S. The test will allow Novi to test all of its main functions and to evaluate what things need to be improved before launch. Novi will use pax dollars as the main currency …
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Circle announced today the launch of its trademark stablecoin USDC on top of the Hedera network. This action is part of the multichain commitment that Circle announced earlier this year, with the objective of further expanding the reach of the currency in the cryptocurrency market. With the addition of USDC as the first stablecoin in …
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press release PRESS RELEASE. Fast-rising Blockchain gaming platform PlayDapp has revealed the addition of a Play-to-Earn feature on its flagship game ‘’Along with the Gods: Knights of the Dawn’’. This development is expected to build on the existing features offered by PlayDapp. Play-to-Earn gaming is a rising phenomenon that has gathered steam in recent months. …
Blockchain data platform Chainalysis has announced that it is adding bitcoin to its corporate investment portfolio. This is the company’s first acquisition of cryptocurrency, the CEO revealed. Chainalysis is valued at $4.2 billion. Chainalysis’ First Acquisition of Cryptocurrency Blockchain data analytics firm Chainalysis announced Tuesday the addition of bitcoin to its balance sheet. Chainalysis will …
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SEC Chairman Gary Gensler has shared why the U.S. Securities and Exchange Commission (SEC) decided to approve a bitcoin futures exchange-traded fund (ETF) to trade on the NYSE. Meanwhile, the Commission has not approved a spot bitcoin ETF. Why SEC Approves Bitcoin Futures ETF As the first futures-based bitcoin exchange-traded fund (ETF) in the U.S. …
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With Bitcoin nearing its all-time high, popular crypto trader Nicholas Merten is taking a look at where the leading digital asset could go next. BTC is trading at $64,077 at time of writing, up more than 11% over the past week and nearly 33% in the past month, according to CoinGecko. The largest crypto asset …
Bitcoin (BTC) failed to beat its all-time highs on Oct. 20 — but a separate record kept bulls confident of a breakout. BTC/USD 1-day candle chart (Bitstamp). Source: TradingView Bitcoin hits new all-time high against euro Data from Cointelegraph Markets Pro and TradingView showed BTC/USD reaching $64,490 on Bitstamp overnight. While inches from matching April’s peak, …
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The Senate Committee on Australia as a Technology and Financial Center (ATFC) has just tabled its third and final report in Parliament which has 12 far-reaching recommendations for the regulation of the digital asset and fintech industry down under. It proposes new licenses for crypto exchanges, new laws to govern Decentralized Autonomous Organizations, an overhaul …
Australia’s top cyber spies are set to gain greater powers in the event of ransomware or other cyber attacks on critical infrastructure. The Australian Signals Directorate (ASD), a government agency in charge of cyber warfare and information security, would be able to take over control of critical infrastructure — including energy, communications and banking systems …
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A bounty of up to $1 million has been offered up to anyone who can cast light on the precise backing of Tether’s reserves. That backing just got a little bit murker, after Celsius Network CEO Alex Mashinsky reportedly said that Tether mints new USDT in exchange for crypto assets — which appears to conflict …
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