Bitcoin has recently recovered above $40,000 to much fanfare from investors. This has been a long time coming given how low the digital asset had gotten following the market crash. It is a significant point to cross in the road to another bull rally. One thing though, is that the cryptocurrency still has a long …
Continue reading “The Bear Signal That Suggests Another Bitcoin Crash Is Coming”
Bitcoin is back on the green side across the board with important gains on lower timeframes. The benchmark crypto managed to push away from the high area around $30,000, taking off deep into the $40,000 territory. Related Reading | Is The Bitcoin Bottom In? Here’s What SOPR Data Says As of press time, Bitcoin trades …
Continue reading “Bitcoin On Track To $50K, Why BTC Whales May Blaze The Trail”
The Meter Passport token bridge platform has incurred $4.4 million in losses due to a smart contract hack which also caused Hundred Finance to lose $3.3 million through under-collateralized loans. Meter.io’s Meter Passport (MTRG) is a token bridge that is compatible with Ethereum and its sidechains. This attack affected the Moonriver side of the bridge. …
Continue reading “Latest DeFi bridge exploit results in $4.4M losses for Meter”
By 2026, 25% of people will spend at least one hour a day in the Metaverse for work, shopping, education, social, and entertainment purposes, according to new research. The Feb. 7 report by technology research and consulting company Gartner found that in anticipation of this migration to the Metaverse, brands are already building the infrastructure …
Continue reading “A quarter of people will spend time in the Metaverse by 2026: Research”
A popular crypto strategist and trader is outlining what’s next for Ethereum (ETH) and its rivals Polkadot (DOT) and Terra (LUNA) as altcoins flash signs of life. Pseudonymous analyst Altcoin Sherpa tells his 167,100 Twitter followers that while leading smart contract platform Ethereum looks bullish on the lower timeframes, he warns that a correction is …
The United States Federal Reserve and researchers at the Massachusetts Institute of Technology (MIT) are collaborating on a central bank digital currency (CBDC) initiative called Project Hamilton. Project Hamilton has now tested a digital dollar that the Fed claims can process 1,700,000 transactions per second. According to the project’s whitepaper, “Our primary goal was to design …
Continue reading “Federal Reserve and MIT Begin Developing a New Digital Dollar”
True Names Limited, the nonprofit behind distributed domain protocol Ethereum Name Service, announced it would be ending its contract with director of operations Brantly Millegan after many uncovered his previously posted anti-LBGTQIA tweets. On Feb. 6, the decentralized autonomous organization of Ethereum Name Service, or ENS, asked users to weigh in on what actions, if …
Continue reading “ENS dumps director of operations in condemnation of homophobic tweets”
Facebook’s Metaverse has sparked an explosion of new blockchain ventures that combine digital reality, virtual worlds, and cryptocurrency. The Metaverse is a term that refers to computer-generated environments in which individuals may don avatars, explore, collaborate with other customers, play video games, start businesses, and acquire and sell land and other property. Metaverses swept the …
Continue reading “The Top Metaverse Gaming Projects to Watch in 2022”
As the crypto crowd ponders on what the coming year has in store for digital assets, one thing is for sure: Regulation is still on the agenda, very much so. But no amount of regulation can prevent a newbie investor from a dramatic nosedive on emotion-driven and uninformed moves. And such moves are easy to …
Continue reading “No amount of regulation can make up for crypto illiteracy”
The adoption of stablecoins, digital assets whose values are pegged most commonly to the U.S. dollar, is spreading by the day as more and more private users and institutions appreciate the benefits of these tokens. As reported in a blog post by researchers Kyle Waters and Nate Maddrey at Coin Metrics, analyzing recent on-chain trends …
Continue reading “Stablecoins total market cap just surpassed $150 billion”
Accounting and advisory giant KPMG in Canada has completed an allocation of crypto assets to its corporate treasury, the firm’s first direct investment in crypto assets. The investment “reflects the firm’s commitment to emerging technologies and asset classes and the investment illustrates the firm’s outlook on emerging technologies underpinned by blockchain.” According to a KPMG …
Continue reading “Accounting giant KPMG adds Bitcoin and Ether to its balance sheet”
A report submitted to the U.N. Security Council shows that North Korean cyber actors have stolen millions of dollars from crypto exchanges. The report stated that funds gotten from these cyberattacks form an important revenue source that the country uses to finance its nuclear and ballistic missile programs. North Korea’s cyberattacks used to finance nuclear …
Continue reading “Report: North Korea funded missile program using stolen crypto”
Elon Musk’s electric car company, Tesla, has filed an annual report with the U.S. Securities and Exchange Commission (SEC) showing bitcoin holdings with a fair value of almost $2 billion at the end of December. The company sees crypto as both an investment and liquid alternative to cash. Tesla Has $2 Billion in Bitcoin Tesla …
sponsored Moon is a brand new economic, and social Metaverse inspired by lunar exploration. Players have the opportunity to acquire NFT land plots, develop a new world, drive its economy and uncover the mysteries of the Moon’s dark side. The limited collection at the best possible value of 1000 land plots launches today. Launching today …
Continue reading “Moon: The Lunar Metaverse Launches Revenue Generating NFT Land Sale”
The blockchain project Polygon announced it has raised $450 million on Monday in a fundraising round led by Sequoia Capital India with participation from more than 40 venture capital firms. Polygon says that the money will allow the team to help scale Ethereum and bolster the mass adoption of Web3 applications. Sequoia Capital India and …
