San Francisco-based exchange Kraken published a report showing “exponential growth” on Cardano for almost every adoption metric listed. “we see Cardano underwent exponential growth in nearly every adoption metric listed, both on-chain and off-chain.” The report comes at a time of slowing momentum for Cardano. In September 2021, ADA was riding high, hitting an all-time …
Continue reading “On-chain metrics suggest Cardano is due a reversal of fortunes”
In 2019 Joshua Jarrett earned block rewards on proof-of-stake networks, paid taxes as if those rewards were income, and in line with IRS’ limited guidance on how block rewards should be taxed. However, Jarrett also asked for a refund, arguing that the rewards should be treated as newly created property and therefore shouldn’t be taxed …
Bitcoin miners in Texas are downing tools for some days due to the anticipated extreme weather conditions expected to hit the state this week. Miners in Texas shut power According to a Bloomberg report, one of the biggest crypto miners in Texas, Riot Blockchain, has revealed that its data center facility in Rockdale has been …
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The new CoinShares report underlines the network’s recent carbon emissions, which amount to nearly 0.08% globally, are insignificant numbers compared to emissions released by other industries and domains. CoinShares’ report also revealed the latest statistics using an estimate from Galaxy Digital that claims Bitcoin mining’s energy consumption is far less than other financial systems such …
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One of the worst hacks against the Solana blockchain happened on Wednesday when a hacker managed to transfer 80,000 ether (ETH), over $214 million at the moment of writing, out of the Solana system and into the Ethereum blockchain through the Wormhole bridge – a service providing the ability to transfer funds between the different …
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Immutable X avoided Thursday’s red wave, and was one of this week’s biggest crypto gainers, following news of a partnership with Gamestop. IMX climbed by over 35% today, with QNT also extending recent gains. As of writing, crypto markets were almost 4% lower. Biggest gainers Despite the bearish pressure on crypto markets this Thursday, there …
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Last May it was discovered that the video game retail giant Gamestop was stepping into the world of non-fungible token (NFT) technology. Nine months later, Gamestop has revealed it is partnering with the layer two (L2) Ethereum scaling project, Immutable X. The two teams have also established a $100 million fund dedicated to NFT creator …
India’s prime minister, Narendra Modi, says an Indian central bank digital currency will strengthen the digital economy. The digital rupee will also revolutionize the fintech sector by creating new opportunities and lessening the burden of handling, printing, and the logistics of cash management, the prime minister reportedly explained. India’s Prime Minister Modi Sees Benefits of …
Bitcoin and ethereum saw recent losses extended on Thursday, as global cryptocurrency markets declined during today’s session. Solana was also in the red, trading nearly 15% lower today. Bitcoin Following Wednesday’s drop in prices, BTC/USD declined for the second consecutive session, trading 5.25% lower as of writing. This selloff saw prices hit an intraday low …
Continue reading “Bitcoin, Ethereum Technical Analysis: Ethereum Down 6%, Crypto Red Wave Returns”
Roughly nine months ago, Coinbase’s initial public offering (IPO) via a direct listing on Nasdaq launched, and shares swapped for $342 per share on April 16, 2021. Since then, Coinbase shares have dropped by close to half that value and today, COIN is swapping for more than 45% lower at $187 per unit. Coinbase Follows …
press release PRESS RELEASE. GensoKishi Online Metaworld is a GameFi and metaverse incarnation of GensoKishi Online, which received the ‘Game of the Year Gold Award’ in Taiwan 10 years ago. The game leverages blockchain technology to build a digital world ecology, and GenoKishi Online Metaworld thus blends characteristics of Web 3.0 with the metaverse. Its …
Continue reading “GensoKishi Online Initiates First NFT Auction”
The Financial Sector Conduct Authority (FSCA) has warned the investing public to be cautious when trading on the cryptocurrency platforms FTX and Bybit. The FSCA alleges that neither entity has been licensed to trade in Contracts for Difference (CFD) or to provide financial advisory and intermediary services in South Africa. FTX Not Authorized to Give …
El Salvador allowed the use of Bitcoin as legal tender last year. However, the major issue with this move was that many Salvadorans did not have knowledge about the cryptocurrency market. Paxful is stepping in to fix this knowledge gap. Paxful is a peer-to-peer (P2P) Bitcoin platform working to help Salvadorans to use Bitcoin when …
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Twitter co-founder and former CEO Jack Dorsey believes that Bitcoin (BTC) will be the native currency of the internet despite lagging behind other crypto assets in terms of development. In a new interview with MicroStrategy CEO Michael Saylor, Dorsey explains why he considers the flagship crypto superior compared to Ethereum (ETH). “It’s deliberate and it’s …
Stablecoin operator TrustToken has launched a new lending marketplace that allows asset managers to create their own decentralized finance products, potentially opening the door to wider mainstream adoption of DeFi solutions. The new lending marketplace, which is offered on unsecured lending protocol TrueFi, gives independent financial institutions the ability to design, launch and fund new …
Continue reading “a16z-backed TrueFi launches DeFi lending market for asset managers”
