Binance Charity is donating $2.5 million worth of cryptocurrency to support the humanitarian efforts of Unicef in Ukraine. The announcement comes as the ongoing military clash with the invading Russian forces is putting more and more children at risk. Unicef to Fund Activities in Ukraine With Donated Cryptocurrency The Binance Charity Foundation has announced a …
Monthly archives: March 2022
Bitcoin Miner Hive to Purchase Intel Mining Chips, Firm Reveals a 100 MW Deployment Deal in Texas
On March 7, the publicly-listed mining firm Hive Blockchain Technologies announced the company inked a deal with Intel to purchase new ASIC mining chips. Additionally, Hive has formed an agreement with an original design manufacturer (ODM) and a non-binding letter of intent with Compute North. Hive said the company plans to deploy 100 MW of …
Pakistan’s Central Bank Sees Few Good Use Cases for Crypto Citing ‘a Lot of Misuses’ Worldwide
The central bank of Pakistan does not see many good use cases for crypto. However, the regulator cites “a lot of misuses” of cryptocurrency around the world, “including human rights violations, trafficking of people, money laundering, and many other things.” Pakistani Central Bank Governor’s Stance on Crypto The governor of the State Bank of Pakistan …
AdaLend: The World’s Leading Cardano-Based Lending Protocol
sponsored BSCPad and ADAPad Public Sale On March 14th. Cryptocurrencies and DeFi are experiencing a period of blistering growth: The total value locked (TVL) of tokens in DeFi protocols rose 357% to $255.39 billion among all blockchains. Over $2.5 trillion in cryptocurrencies was traded in January 2022 alone. Global crypto market cap is now over …
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Avalanche (AVAX) and Several Ethereum Rivals Now Look ‘Very Unhealthy,’ Warns Top Crypto Strategist
A popular crypto analyst says Avalanche (AVAX) and other leading layer-1 platforms are starting to flash signs of weakness. Pseudonymous analyst Smart Contracter tells his 205,000 Twitter followers that smart contract platform Avalanche looks bearish after printing consecutive lower highs in its USD and Bitcoin (BTC) pairs. “AVAX still looks very very unhealthy, against BTC …
Avalanche aims to accelerate subnet adoption with multiverse incentive program
Blockchain network Avalanche announced the launch of Avalanche Multiverse, an incentive program that will accelerate the adoption of subnets that are app-specific blockchain ecosystems. According to the director of Avalanche Foundation, Emin Gün Sirer, subnets are the next big thing on the blockchain. GünSirer said that subnets enable functions that are only possible with “network-level …
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Crypto.com gives users in excluded countries one week to repay loans
Crypto.com is reportedly giving users from countries restricted from its loan program until March 15 to repay their crypto loans. The firm updated the list of restricted countries to include the United States, United Kingdom and 38 others. Users from European nations such as Germany, Switzerland and the U.K. have all shared emails from the …
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Bitcoin returns to $42K as markets await potential 7.9% CPI inflation data
Bitcoin (BTC) hit $42,000 on March 9 as an impressive overnight candle saw bulls reclaim support levels. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Trader: Market “still fragile” Data from Cointelegraph Markets Pro and TradingView showed BTC/USD abruptly “squeeze” through previous resistance at $39,600, going on to deliver 24-hour gains of 11.3%. Amid local highs of …
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Crypto Index Tracker – No Differentiation Across Crypto Themes
HodlX Guest Post Submit Your Post Crypto markets have been unable to sustain their rallies from last week. Bitcoin reached highs of around $45,000 last week before falling to lows of around $37,000 as recent as yesterday, currently trading at around $39,000. Crypto markets appear to be unable to shrug off their correlation to equity …
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Goldman Sachs is hooking up clients with Galaxy Digital’s ETH fund
Financial services giant Goldman Sachs has been offering clients exposure to ETH through Galaxy Digital’s Ethereum Fund according to a new Securities and Exchange Commission filing. Goldman Sachs clients keen on spot exposure to Ethereum (ETH) have been offered space in Galaxy’s ETH Fund. This strategy became apparent in a Mar. 8 filing from Galaxy …
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Charles Hoskinson under fire for… not dropping out of a PhD program?
A debate has surfaced online following claims that Cardano founder and Ethereum co-founder Charles Hoskinson may have fudged the specifics of his educational background. While the issue is a hardly a major scandal, it concerns conflicting reports around whether Hoskinson dropped out of a Number Theory focused PhD program – as he suggested – or …
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Treasury to launch financial education initiative around crypto investments
The United States Treasury Department is launching a new initiative to raise awareness of the risks involved in investing in digital assets. The move comes as the asset class transitions from a niche market into mainstream investment according to a top Treasury official, potentially drawing in less sophisticated investors. The Department’s “Financial Literacy Education Commission” …
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Janet Yellen let slip details of Biden’s executive order on crypto
A statement from U.S. Treasury Secretary Janet Yellen on President Joe Biden’s executive order regarding digital assets calls for efforts to support innovation while addressing risk in the industry. Yellen’s statement was released a day early apparently by error and quickly deleted, but was captured on a web archive. It shares early insights into the …
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Sygnum gets regulatory approval to expand services in Singapore
Sygnum announced on March 8th that it has secured approval from the Monetary Authority of Singapore to expand the repertoire of its services. Sygnum Singapore has been operating in the country under a capital markets license and mainly offers fund management related to digital asset investments. With the new approvals, it will be able to …
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Chinese officials take down crypto mine worth $790k
China’s approach towards “free cryptocurrencies” has been evident through its many actions. For example, even though the country is responsible for more than 10% of all Bitcoin transactions, they also banned crypto fundraising and mining. Twenty firms exited China as a response to these bans. On the other hand, China is closest to releasing its own …
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