A closely followed crypto analyst says that one hot altcoin hasn’t even seen the real gains yet, despite recently doing a 3x in less than a month and predicts Binance Coin (BNB) is also destined for new all-time highs. The pseudonymous analyst known as The Crypto Dog tells his 746,000 followers that he’s bullish on …
Monthly archives: August 2022
6 Questions for Tongtong Bee of Panony
We ask the buidlers in the blockchain and cryptocurrency sector for their thoughts on the industry… and throw in a few random zingers to keep them on their toes! This week, our 6 Questions go to Tongtong Bee, co-founder of Panony — an incubator, investor and adviser for blockchain and Web3 business. I’m Tongtong Bee, …
What is Chainlink VRF and how does it work?
Blockchain technology has spawned many applications over the past few years, the most popular being cryptocurrencies. It has also facilitated the creation of many decentralized, secure and transparent marketplaces in the digital economy. Offering far more trust since all transactions are immutably recorded on the blockchain, this technology has been well supplemented by the smart …
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Elon Musk: US ‘past peak inflation’ after Tesla sells 90% of Bitcoin
Bitcoin (BTC) is in short supply at Tesla, even as its CEO predicts that United States inflation has already peaked. Speaking at Tesla’s 2022 Annual Meeting of Stockholders on Aug. 5, Elon Musk predicted that an upcoming United States recession would only be “mild to moderate.” Musk on costs: “The trend is down” After recently selling …
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Research: Miner data shows Bitcoin could have bottomed
Catching the coveted Bitcoin bottom requires analyzing more than just its price. One of the most reliable indicators of market bottoms has historically been miner data. Often considered to be one of the most resilient players in the crypto ecosystem, miners capitulate only when Bitcoin becomes too expensive to mine. Hash ribbons are a unique …
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For 38 Consecutive Days Ethereum Gas Fees Record the Lowest Rates Since 2020
In 43 days, the Ethereum network could finally see a full transition from proof-of-work (PoW) to proof-of-stake (PoS) via The Merge. Meanwhile, during the last 38 days, Ethereum’s layer one (L1) onchain transaction fees have dropped below the $5 mark and tumbled even lower by the end of July. At the time of writing, the …
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Binance CEO Meets Central African Republic Leader — President Touadéra Says Meeting Was a ‘Truly Remarkable Moment’
After meeting the leaders of Ivory Coast and Senegal in July, the CEO of the cryptocurrency Binance, Changpeng Zhao, revealed in a tweet that he had recently met the President of the Central African Republic (CAR). Some of the topics discussed by the two were focused on “education, investments and crypto adoption in the Central …
China and Taiwan’s Potential Economic Impact, Bear Market Warnings, and FC Barcelona Metaverse News — Bitcoin.com News Week in Review
From ominous speculation about the potential economic fallout of military conflict between Taiwan and China, to markets being flooded with designer watches in the wake of a crypto downturn, to warnings of worse bear markets and soccer franchises pushing forward in the realm of metaverse ambitions, there’s once again never a dull moment in the …
Polkadot Displaces Dogecoin As The 10th Largest Crypto By Market Cap
Dogecoin (DOGE) no longer maintains its position as the 10th largest cryptocurrency by market capitalization. The meme token was dislodged by Polkadot (DOT), sending it to number 11 in the rankings. DOGE still maintained its market worth of $9.28 billion, but DOT has climbed to $9.62 billion in the market. DOGE Remains Unchanged Despite Positive …
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Near Protocol Alerts Users Of A Recent Bug In Its Network
Layer 1 blockchain platform Near Protocol has provided new security directives after discovering a vulnerability that allows a third party to gain sensitive information. The protocol informed users via a blog post on August 4. It also stated that the vulnerability has been fixed. Near Protocol Says, No Data Was Compromised According to the platform, …
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Hong Kong Investors Have Lost $50 Million To Crypto Scammers This Year
Hong Kong has seen an increased level of crypto scams amid the growing interest in digital assets over the past few years. A recent report revealed that crypto scams in the region have surged by 105% in the first half of 2022. This comes after recent research that classified Hong Kong as the most crypto-ready …
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Sam Bankman-Fried Says The Crypto Winter Is Ending Soon
Crypto billionaire and Chief Executive Officer of FTX Exchange Sam Bankman-Fried says the present crypto winter is nearing its end. However, he added that the level of stability in the market will depend on the recovering world economy and regulation. He was speaking during an interview on Axios Pro, saying the number of calls e …
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Police in Kazakhstan Arrest Gang Forcing IT Specialists to Run Crypto Farms
Law enforcement in Kazakhstan detained members of a crime group suspected of forcing IT experts into operating underground facilities for cryptocurrency mining with threats and blackmail. The racketeers allegedly made up to half a million U.S. dollars a month from their business. Kazakhstan Busts Illegal Crypto Mining Organization, Detains Dozens Authorities in Kazakhstan have arrested …
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L2 Scaling Solution Arbitrum Schedules Nitro Rollup Stack Upgrade for August 31
On August 4, Arbitrum One, the layer two (L2) Ethereum scaling solution, announced the protocol will implement a significant upgrade called Nitro in 25 days. The highly anticipated Nitro migration will take place on August 31, exactly one year after Offchain Labs, the Arbitrum project maintainers, launched the Arbitrum One mainnet. The Arbitrum team says …
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Report Shows Crypto Startups Raised $30.3 Billion in H1 2022, Exceeding Total Raised in 2021
While cryptocurrency markets have seen poor performances during the first two quarters of 2022, a recently published fundraising report authored by Messari researchers notes that $30.3 billion was raised by crypto projects and startups during the first half of 2022. The $30.3 billion raised across 1,199 fundraising rounds surpasses all the funding blockchain startups and …