Popular Ethereum scaling solution Optimism has announced a $150 million Series B funding round co-led by Andreessen Horowitz (a16z) and Paradigm at a total valuation of $1.65 billion. According to a blog post from Optimism, the Layer 2 (L2) solution has saved users of the Ethereum network over $1 billion in gas fees. The funding …
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Representative Brad Sherman will be introducing a bill in the House aimed at cracking down on U.S. businesses handling crypto transactions for Russian banks and individuals. Speaking at a hybrid markup meeting with the House Financial Services Committee on Thursday, Sherman said he will be introducing a companion bill to Senator Elizabeth Warren’s legislation that …
Less than two weeks after the Central Bank of Russia, or CBR, reiterated its position proposing to ban the issuance, mining and circulation of cryptocurrencies in Russia, it appears to have reevaluated its policy. In a press release published on Thursday, the CBR added the country’s biggest lender, Sberbank, to its register of information system operators …
Recently, cryptocurrency mining has become a good way to earn for many people, especially given the high rate of Bitcoin and other digital money. Today, the methods of earning them, and this is only possible with the help of mining, have expanded, and the creation of farms is gradually giving way to a more progressive …
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After implementing the merge testnet Kiln, Ethereum is seemingly getting closer to transitioning to a full proof-of-stake (PoS) network. According to developers Kiln’s execution layer was initially launched leveraging proof-of-work (PoW) and since March 15, Kiln is running entirely under a proof-of-stake consensus algorithm. Ethereum’s Kiln Merge Testnet Goes Live Ethereum developers are making progress …
After cryptocurrency assets jumped in value this week, following the Federal Reserve’s rate hike on Wednesday, non-fungible token (NFT) weekly sales volume data shows an improvement from last week’s sales metrics. At the time of writing, in terms of seven-day sales volume, the aggregate NFT sales volume increased by 17.86% this week to $457 million. …
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AVAX was once again higher on Thursday, rising for its fourth consecutive session, as it further cements itself in the crypto top ten. Although RUNE was also trading by as much as 15% higher, it was CAKE that led Thursday’s gainers. Pancakeswap (CAKE) Pancakeswap (CAKE) rose to its highest level in almost four weeks on …
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The application-specific integrated circuit (ASIC) manufacturer Canaan has revealed the firm is offering a stock buyback for up to $100 million. Canaan’s chairman and CEO Nangeng Zhang highlighted in a U.S. Securities and Exchange Commission (SEC) filing that the move was due to issues with “recent international frictions” and “domestic quarantine measures for Covid-19 control.” …
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Bitcoin Price Prediction – March 17 The Bitcoin price prediction is now showing signs of market correction as its price moves below $41,000 to touch the low of $40,521. BTC/USD Long-term Trend: Ranging (Daily Chart) Key levels: Resistance Levels: $46,000, $48,000, $50,000 Support Levels: $36,000, $34,000, $32,000 BTCUSD – Daily Chart Buy Bitcoin Now BTC/USD …
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The Bored Ape Yacht Club NFT makers are launching a brand new token called ApeCoin (APE). The holders of Bored Ape NFTs include celebrities like Mark Cuban, Eminem, Jimmy Fallon, and Steph Curry. According to the developers of the token, and the decentralized autonomous organization (DAO), the token is another incentive for being part of …
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Cardano total value of funds locked on its network has hit $224 million, according to DeFiLIama. This comes after SundaeSwap dropped its superiority in the market significantly after the launch of the Minswap liquidity-providing platform. But SundaeSwap is still leading on the network. SundaeSwap Dominates Network According to the report, the total value of funds …
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Heroes of Mavia, a blockchain-based play-to-earn (P2E) massively multiplayer online (MMO) strategy game developed by Skrice Studios, today officially announced its collaboration with Tribe Gaming, one of the world’s largest esports organizations. The tie-up positions Heroes of Mavia as the leading esports-focused title in the P2E blockchain gaming space With top mobile gaming creators, and …
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A leading analytics firm says the majority of Shiba Inu (SHIB), Cardano (ADA) and Polygon (MATIC) holders are still losing money on their investments despite a small boost in the crypto markets this week. In a new blog post, IntoTheBlock says Cardano holders are doing the worst out of the three, with about 82% of …
Digital payment platform Paxful has partnered with nonprofit organization Built With Bitcoin Foundation and Miami Mayor Francis Suarez to advance a new education initiative centered around Bitcoin (BTC) and financial literacy. The initiative will disburse free tickets to the Bitcoin 2022 conference to local colleges and universities as part of a broader effort to enhance …
Three individuals who bought cryptocurrency through Coinbase filed a proposed class action March 11 in the Southern District Court of New York alleging that Coinbase is operating as an unregistered securities exchange. The lawsuit lists 79 tokens that it claims are securities Coinbase is selling in violation of state and federal law, and the buyers …
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