The co-founder of the embattled Wonderland decentralized finance project is preparing to pull the plug following a deeply divided community vote. On Jan. 30, Wonderland co-founder Daniele Sestagalli tweeted that the Avalanche-based reserve currency experiment is coming to an end. He added that the divided community “means that we failed.” The vote to save or …
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There is still no shortage of people mocking NFTs as a new digital asset class. The common refrain is all too familiar, “you bought an NFT for $10k? Here, let me screenshot it for free.” The response that follows usually comes with a studious explanation of blockchain technology. Specifically, how smart contracts on a blockchain …
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Cryptocurrency exchange Binance has restricted 281 Nigerian user accounts. Citing user security and fraud prevention, CEO Changpeng Zhao explained that “approximately 38% of these cases [are] restricted at the request of international law enforcement.” 281 Nigerian Accounts Restricted by Binance, CEO Says 79 Cases Have Been Resolved Cryptocurrency exchange Binance has sent a letter to …
Ark Investment Management (Ark Invest) has predicted that the price of bitcoin could surpass $1 million per coin by 2030. “Our research suggests that bitcoin has the potential to transform monetary history by providing financial freedom and empowerment in a fair, global, and distributed way,” Ark’s analyst added. Bitcoin’s $1 Million Prediction by Ark Invest …
Global investment bank Goldman Sachs has warned that bitcoin is increasingly vulnerable to the Federal Reserve’s rate hikes as the cryptocurrency grows more widely adopted. “Over the last two years, as bitcoin has seen wider mainstream adoption, its correlation with macro assets has picked up,” the Goldman analysts explained. Goldman Sachs Warns Bitcoin Increasingly Vulnerable …
The Internet Computer has released a roadmap for 2022 and beyond, indicating plans to roll out integrations with Bitcoin and Ethereum by the end of the year. The Internet Computer is a public blockchain and protocol that allows developers to install smart contracts and decentralized applications (DApps) directly on the blockchain. It was incubated and …
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It’s been a challenging few months for crypto investors since Bitcoin fell from its all time high of 69k; on top of that, many coins have followed in BTC’s price action footsteps. The entire crypto market has shed more than $1 trillion in value since, and many experts believe more is to come and that …
ADAX v1 is now live on Cardano. It now forms part of the network’s burgeoning DeFi ecosystem less than five months after the activation of smart contracting in late September 2021. ADAX Launches an Order Book DEX on Cardano Details on January 30 reveal that ADAX is a “core piece of infrastructure that’s critical to …
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It’s always a great time to be alive when you’re predicting the future of bitcoin. Panelists from various industries and fields have revised their predictions with us again, but they still think this cryptocurrency will hit new highs by 2022. Cryptocurrencies are not for the faint-hearted, but experts believe that record highs await us in …
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A closely followed crypto analyst says that an “ultimate capitulation” could be approaching for Bitcoin (BTC) and Ethereum (ETH) before any meaningful reversal takes place. The pseudonymous analyst known as Capo tells his 239,000 Twitter followers that while Bitcoin has shown some resilience in the last week, a final downward movement below $30,000 remains his …
A popular crypto strategist and trader says the crypto markets are showing early signs of recovery while predicting surges for Ethereum (ETH) its rival Terra (LUNA). Pseudonymous crypto analyst Pentoshi tells his 500,000 Twitter followers that the ongoing bounce in the Bitcoin (BTC) dominance chart is a positive development for the digital asset market. “First …
Interoperability is shaping up to be one of the main themes for the cryptocurrency market in 2022 as projects across the ecosystem unveil integrations that make their networks Ethereum (ETH) Virtual Machine (EVM) compatible. While this has been one of the long-term goals of the ecosystem as a step on the path to an interconnected …
Jamie Redman Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 5,000 articles for Bitcoin.com News …
Continue reading “Ethereum Fees Drop 53% in 20 Days — Polygon Hermez, Loopring Offer Lowest L2 Fees”
Dmitry Medvedev, former president and prime minister of Russia, has voiced his concerns over Bank of Russia’s initiative to ban most crypto operations. Prohibition could bring the opposite result, the Russian politician warned, joining a chorus of opinions against the restrictive policy. More Officials and Organizations Reject Central Bank’s Call to Prohibit Cryptocurrency Central Bank …
Stablecoins have become prominent payment rails in the world of cryptocurrencies commanding $177 billion in fiat value today. The top ten stablecoins by market capitalization represent the largest share of the value in the fiat-pegged coin economy and many of these tokens grew exponentially last year. Terra’s UST stablecoin grew the most last year, jumping …
Continue reading “Stablecoin Issuance Surged Last Year — UST Saw the Largest 12-Month Increase”
