Samsung utilizes blockchain to deal with climate change

Working as a global icon in the field of electronic products, Samsung has entered into a strategic partnership with blockchain firm veritree to support ecological initiatives. In its latest announcement, Samsung Electronics America revealed that the company will plant 2 million mangrove trees in Madagascar over the next three months in support of the veritree …

Coinbase executive notes Ethereum scaling improvements are on the way

The chief product officer at Coinbase, Surojit Chatterjee, has analysed the performance of the crypto market in 2022. He noted that great advancements in Ethereum scaling were on the way. Chatterjee is the latest addition to the long list of crypto market analysts publishing their predictions for the crypto market in 2022. Chatterjee shares his …

Ethereum Rival Solana (SOL) and Four Altcoins Set To Exponentially Rise This Year, According to Crypto Analyst Michaël van de Poppe

Closely followed crypto strategist and trader Michaël van de Poppe is naming five altcoins, including smart contract platform Solana (SOL), that he thinks have the potential to make huge gains this year. In a new strategy session, Van de Poppe tells his 159,000 YouTube subscribers that layer-1 altcoins such as Solana and Avalanche (AVAX) had …

Bogdanoff crypto-meme twins pass away at age 72

Raise a glass today to the twin characters behind the famous “pomp eet” cryptocurrency meme. The French television presenters died within one week of each other aged 72.  According to Le Monde, the two brothers were hospitalized on Dec. 15 and transferred to the intensive care unit of a Paris hospital after contracting COVID-19. Grichka …

Nexo co-founder targets Bitcoin at $100K by mid-2022

Another promising price prediction has appeared for Bitcoin bulls in 2022. Antoni Trenchev, co-founder and managing partner of Nexo, said that Bitcoin (BTC) could hit the $100,000 milestone as soon as the summer in an interview with CNBC. Despite BTC opening the year with bearish price action, while the Fear & Greed Index shows “extreme fear,” the Bulgarian …

China’s central bank releases pilot version of digital yuan wallet

As China’s central bank steps up its effort to create a digital currency, the country has released a pilot edition of its digital yuan wallet application on mobile phone app stores. The People’s Bank of China (PBoC) digital currency research institute developed the “e-CNY (Pilot Version)” app, which was available for download on Chinese Android …

Third-largest whale celebrates Bitcoin’s birthday with 456 BTC buy

It’s now been 13 years since the genesis block of the Bitcoin blockchain was created. To commemorate the occasion, the third-largest Bitcoin (BTC) whale appears to be back after the new year holidays, and they have just completed the first sizable purchase of 2022. On Tuesday, the third-largest Bitcoin address added 456 BTC at an average price of …

Grayscale rebalances DeFi Fund by adding AMP

The world’s largest digital asset management firm, Grayscale, has announced it is rebalancing its DeFi fund and the adjusted weightings of the Digital Large Cap Fund. An announcement issued by the platform on January 3 noted the changes that Grayscale would be making to the two funds. Grayscale rebalances two funds The announcement noted that …

Bored Ape mania on Opensea contributes to high trading volumes

The trading volumes on OpenSea have increased significantly since the beginning of the year. The surge in trading volumes comes amidst renewed trading frenzy on Yuga Labs’ Bored Ape yacht Club (BAYC) and Mutant Ape Yacht Club (MAYC). OpenSea is enjoying an influx in trading volumes Data published by “rchen8” on Dune Analytics noted that …

South Korea presidential candidate to raise campaign funds using crypto

Lee Jae-myung, a presidential candidate for the Democratic Party of Korea (DPK), is issuing non-fungible tokens (NFTs) to fundraise for the presidential election. The NFTs will feature Jae-myung’s image, and they will be transferrable. NFTs to fund a presidential campaign A publication on January 3 by the Korea Times noted that the fundraiser would commence …

Report: Bitcoin consumes less energy compared to banking and gold industry

For a very long time, Bitcoin’s energy consumption has been used as a whip by many critics of the asset who believe that the amount of energy used in mining new units of the coin could impact the environment negatively.  This has played a major role in the decision-making processes of businesses or governments that …

Vitalik Buterin foresaw stablecoin and defi growth, omits NFT

In most climes, the arrival of a new year is an opportunity to make projections for what the future holds. Already, some crypto enthusiasts and analysts have already begun making different predictions for what they believe the future holds for the digital asset industry. However, rather than making new predictions, Ethereum’s co-founder Vitalik Buterin is …

Op-ed: The myth of cryptocurrency crime

One of the most pernicious myths about crypto is that they are widely adopted for criminal use. This idea has been perpetuated by policymakers and businesspersons alike, from JPMorgan CEO Jamie Dimon, who claimed Bitcoin was only for use by “criminals and North Koreans”, to European Central Bank President Christine Lagarde who said Bitcoin facilitates …

Defi Kingdoms Reaches Record Activity Levels on Top of Metaverse Push

Defi Kingdoms, a metaverse-based blockchain game, is experiencing a rise in activity due to the push that metaverse projects are now having in the market. According to Dappradar, the activity on the game has risen considerably. This is also accompanied by the rise in the price of its native token, JEWEL, issued on top of …

Jamaican Central Bank Says It Has ‘Successfully Completed CBDC Pilot’

The Jamaican central bank successfully completed the pilot testing of its central bank digital currency, a statement from the bank has said. The statement however reveals that only one payment service provider participated in the pilot. Only One Payment Provider Participated in the Pilot The Bank of Jamaica (BOJ) recently revealed that it had successfully …

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