IoTeX, a blockchain platform focused on the Internet of Things (IoT), has announced the launch of a $100 million sustainable ecosystem fund. The new fund will back over 1,000 decentralized machine economy startups developing use cases for connecting more than 10 million smart devices to the MachineFi portal within the next three years. The decentralized …
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As the Ethereum blockchain edges closer to its proof-of-stake transition, the network has merged with the Beacon chain on the Kiln testnet. The news marks the final step before the blockchain deploys the upgrade and moves away from leveraging a proof-of-work consensus mechanism. Ethereum blockchain engineer Tim Beiko revealed that the network deployed a partly …
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Due to the rising popularity of NFT technology, almost every social media site has revealed plans to integrate the feature on its platform, and it is no surprise that the largest amongst them also have the same plans. NFTs on Instagram Mark Zuckerberg, in a recent statement, revealed that Instagram would also be joining the …
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The UK’s financial regulatory body, The Financial Conduct Authority (FCA), has set its sights on crypto in a week filled with news on crypto regulation. The FCA is actively recruiting someone to lead them in building a team focused entirely on digital assets. A bullish signal for crypto Whilst many will turn their noses up …
Launched on Bybit in December, izumi Finance is the first programmable liquidity mining protocol that optimizes liquidity allocation and enables the protocol to deliver rewards precisely and efficiently over certain price ranges. Within a week of launching on Polygon in January, its USDT/USDC pool grew to provide 70% of TVL for Uniswap. Pledging iZi, the …
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Ethereum founder Vitalik Buterin has proven that he is a mere mortal after all. We can see from his Twitter username that Vitalik owns the ENS domain, Vitalik.eth. However, that means that we can look up this address on Etherscan to see the details of his recent transactions. The ENS address, which he has registered …
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Aptos, a new startup created by some of Meta’s former employees involved in the Diem project, has announced it has raised $200 million for its upcoming goal of creating a scalable blockchain system. The investment, conducted in a strategic funding round, involves some well-known VC names, including Tiger Global, Katie Haun, Multicoin Capital, 3 Arrows …
Cryptocurrency exchange Binance has announced that it has received a full license from the Central Bank of Bahrain. “The crypto asset license will allow Binance to provide crypto-asset trading, custodial services, and portfolio management to customers under the supervision of the Bahrain regulators,” said the exchange. Binance Now Licensed in Bahrain Cryptocurrency exchange Binance announced …
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The NFT market has grown exponentially over the past year, with super-popular collections like CryptoPunks and Bored Ape Yacht Club helping bring these digital assets into the public consciousness. Although this has been great news for the creators of these collections, the market’s growth has also paved the way for more exciting NFT projects to …
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A widely followed crypto strategist says that Ethereum (ETH) competitor Terra (LUNA) is poised to hit new all-time highs despite general sideways action across the crypto markets. Pseudonymous trader Kaleo tells his 473,900 Twitter followers that decentralized finance (DeFi) payment network Terra (LUNA) could soar by at least 70% if it manages to surpass its …
A leading crypto insights platform is revealing that an investor cohort with little to no history of spending their Bitcoin (BTC) is snapping up BTC to the tune of hundreds of millions of dollars per day. Glassnode says in its latest newsletter that long-term holders (LTHs), or entities who are less likely to sell their …
The startup ecosystem has historically played a vital role in shaping the crypto community into an almost $2 trillion industry. However, numerous players bank on this notion to consistently overpromise and underdeliver the big WAGMI dream. Back in December 2021, Redditor busterrulezzz thought they landed their dream job after being hired by a crypto startup …
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Bitcoin (BTC) tested traders‘ neves yet again on March 16 as a fresh spike over $40,000 ended in minutes. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Shorts feel the burn after abrupt trip to $41,700 Data from Cointelegraph Markets Pro and TradingView showed BTC/USD suddenly surging to highs of $41,700 on Bitstamp before instantly reversing. Two …
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Nonfungible tokens (NFTs) have received a lot of media attention, but experts agree that their impact will go beyond selling digital artwork or tweets and alter how people communicate ideas forever. Despite its promise of shattering the mold, the worldwide NFT market is just as pale, male and old-fashioned as the conventional art industry. The …
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A former blackhat hacker who goes by the name Gummo online claims to have amassed around $7 billion worth of Bitcoin (BTC). Despite a flood of positive comments and posts relating to his interviews with the Soft White Underbelly YouTube channel — which has 3.18 million subscribers — information about Gummo is scarce elsewhere, which …
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