A GitHub post by Cardano software engineer Sebastian Nagel detailed updates to the 0.2.0 version of Hydra. Haskell developer Matthias Benkort, via his Twitter @_KtorZ_, chimed in by saying steady progress is being made with the project moving closer to the testnet stage. “Next steps, we’ll focus on on-chain validations and closing the gap towards …
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The team behind Polygon, the protocol dedicated to interconnected blockchain networks like Ethereum, and Alexis Ohanian’s Seven Seven Six venture capital company have revealed a $200 million investment fund in blockchain-based social media projects. According to the announcement, the partner’s mission is to attempt to bridge blockchain, Web3 technology, and social media together. Polygon and …
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Authorities in Russia are discussing two very different approaches to the regulation of cryptocurrencies and related activities. While the Bank of Russia is reportedly seeking to introduce a ban on buying crypto assets, lawmakers are moving forward with efforts to adopt rules for mining, exchange, and taxation that would effectively legalize cryptocurrencies. Russian Officials Debate …
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The application-specific integrated circuit (ASIC) bitcoin mining rig manufacturer Canaan has announced the company has secured a follow-on contract from Genesis Digital Assets for 30,000 mining machines. The sale is part of an agreement between Canaan and Genesis that gives the mining operation the option to purchase up to 180,000 ASIC bitcoin mining rigs. Canaan …
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Three of the top crypto exchanges are adding a litany of new coins for trading, sending prices on a volatile roller coaster ride. In a new announcement, Binance says they are listing metaverse altcoin Highstreet (HIGH) for open trading. According to Binance Research, “Highstreet is an open-world metaverse that incorporates shopping, gaming, NFTs [non-fungible tokens], traditional and …
The former US First Lady Melania Trump is jumping into the world of non-fungible tokens (NFTs). In a new announcement, Trump says she plans to release NFTs built on the Solana (SOL) blockchain at regular intervals through her website. Trump’s first NFT, titled “Melania’s Vision,” is available for purchase until December 31st and will cost …
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Circle CEO Jeremy Allaire is saying that a much-vaunted Bitcoin (BTC) prediction is unlikely to come true. Asked by CNBC anchor Kelly Evans to declare whether Bitcoin will be “hitting a $100,000 before December 31st,” the head of USD Coin’s (USDC) principal operator says the likelihood is low. “It’s hard to see.” Crypto executives testifying …
Crypto analytics firm Santiment is warning investors that certain metrics show sell pressure on the horizon for top smart contract platform Ethereum (ETH). Though ETH has bounced back from the latest overall crypto market dip, Santiment says in a new blog post that the rising supply of ETH seen on exchange platforms is a bear …
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In an annual report published on Friday, the United States Financial Stability Oversight Council, or FSOC, voiced its concern over the adoption of stablecoins and other digital assets. Regarding stablecoins, the FSOC said consumer confidence could be undermined by factors such as illiquidity, lack of appropriate safeguards, opacity regarding redemption rights, and cyber attacks. “A …
Decentralized finance (DeFi) dominated media headlines throughout 2021 and the sector, along with nonfungible tokens (NFTs), helped to initiate the mass adoption of cryptocurrencies. While high yields on staking and instant profits from flipping jpegs have proven to be very lucrative for investors, it’s important to remember that none of it would have been possible …
Following the announcement that Facebook’s parent company would be rebranding in a shift towards the metaverse, many projects have started similar initiatives entering the virtual space, from buying property to testing the limits of what this universe has to offer. Digital cities: Santa Monica and Seoul The Downtown Santa Monica District west of Los Angeles …
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Bitcoin (BTC) bulls took another beating on Dec. 17 as a midday onslaught dropped the price to $45,500. The price did manage a quick bounce back to $47,000 but sweeping a new daily low could be a sign that additional downside is in store. Amid the wider market downturn, several altcoins provided weary traders with …
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Bitcoin Price Prediction – December 17 According to the daily chart, the Bitcoin price loses traction after hitting $48,000; losses likely to continue in the near term. BTC/USD Long-term Trend: Bearish (Daily Chart) Key levels: Resistance Levels: $52,000, $54,000, $56,000 Support Levels: $42,000, $40,000, $38,000 BTCUSD – Daily Chart Buy Bitcoin Now Looking at the …
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December 17, 2021 – Hong Kong, China MetaVisa is a layer three middleware protocol built on Ethereum, dedicated to developing a decentralized identity and building a credit system in the metaverse. MetaVisa has held 10 AMAs in the last two weeks, with 10 communities whose members are centered in Vietnam, Indonesia, India, Korea, the US and …
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The price of an Ethereum (ETH) challenger is surging after global internet finance firm Circle announces native support for USD Coin (USDC) on the smart contracts platform. In a new blog post, Avalanche (AVAX) announced their USDC integration to enable more seamless transactions and payment options for developers and users of decentralized finance protocols, enterprise …
