The richest Ethereum whales across the globe are gobbling up two surging altcoins at a rapid rate as most of the crypto market continues to sputter. WhaleStats reports that in the past week the top 1000-largest Ethereum addresses have purchased Polygon (MATIC) and Chainlink (LINK) more than any other crypto assets after Ethereum (ETH) and …
Yearly archives: 2022
IMF: Bitcoin matured to ‘an integral part of digital asset revolution’
Crypto is no longer an obscure asset class within the financial ecosystem, but a growing correlation with the stock market undercuts the “investment hedge” role of Bitcoin (BTC) and other cryptocurrencies, according to new International Money Fund (IMF) research. A blog post accompanying the survey highlights new risks associated with the growing interconnectedness between virtual assets …
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Jack Dorsey announces Bitcoin Legal Defense Fund
Former Twitter CEO and founder Jack Dorsey has announced plans to create a “Bitcoin Legal Defense Fund” with Chaincode Labs co-founder Alex Morcos and Martin White, who appears to be an academic at the University of Sussex. The announcement was sent on a mailing list for Bitcoin developers, bitcoin-dev, at 00:13:45 UTC on Jan. 12 …
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Price Predictions for Memecoin Floki Inu in 2022
HodlX Guest Post Submit Your Post Memecoins have become the fashionable digital tokens to hold because of their massive value gain over a short time – and Floki Inu is no different. The virtual token sprouted up toward the end of 2021, joining the likes of Dogecoin and Shiba Inu as the meme coin to …
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KlimaDAO increases carbon offset stash by 50% in two months
Carbon offset protocol KlimaDAO has now accrued over 14 million on-chain carbon offsets and is causing waves in the more traditional carbon offset industry. The aim of KlimaDAO is to acquire as many carbon offsets as it can in order to drive up their value and make offset-generating activities more profitable. The Mark Cuban-backed project’s …
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Buy high, sell high: Custom pipe-maker to Snoop Dogg and Santana tokenizes bongs
Las Vegas-based glass pipe maker to the stars Jerome Baker Designs will launch a series of bong-related NFTs tied to corresponding physical assets early next month. The NFTs, on FDCTech’s Ethereum-based platform, depict the unique glassblowing process for each bong and come with additional unique benefits. They are due to drop on Super Bowl Sunday …
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Tiny Bitcoin miner defies massive odds to solve a valid block
A single Bitcoin miner from the Solo CK mining pool has defied the odds after successfully adding a new block on the Bitcoin blockchain, taking home 6.25 BTC ($266,000) for their efforts. The lucky miner, who may have been mining on just one or two machines, solved a block with their modest hashrate capacity of …
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Unlocking the $12.6-Trillion machine economy on Web3
Web3 is poised to disrupt the internet. It already has in many ways. It’s paving the way to a multi-trillion-dollar decentralized machine economy at the forefront of which IoTeX stands. This, according to highly-regarded engineers and technologists leaders from Amazon, Samsung, Microsoft, Consumer Technology Association (CTA), and the International Internet Consortium (IIC). “IoTeX is, interestingly, …
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Elrond acquires payments provider Utrust in a bid to bring crypto to millions of merchants
Elrond, a high-throughput blockchain platform, announced today that it has acquired Utrust, a global cryptocurrency payment solution. In a press release shared with CryptoSlate, the company said that acquiring Utrust will enable it to revolutionize e-commerce and payments. Elrond bets big on Web3 payments Despite the increasing digitalization of the world of commerce, payment processors …
Footprint Analytics: Will the London Upgrade Deflate ETH? | Annual Report 2021
Ethereum remained the top blockchain in 2021 by TVL (total value locked), but its market share continued to erode, dropping from nearly 100% at the beginning of the year to 65%. Its main problem is the PoW (Proof of Work Mechanism), which causes transactions to be slow and expensive. Ethereum devs have realized new L1s …
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Cash App is bringing the Bitcoin Lightning Network to its 36 million users
Bitcoin has been available on Cash App since late 2017. But the mobile payment provider is set to roll out the Lightning Network to its millions of users. The leading cryptocurrency is often accused of being a dinosaur and incapable of handling the technical demands of a high throughput payment network. That being so, critics …
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Report: Ronin Sidechain Processed 560% More Total Transactions Than Ethereum Last November
The blockchain-powered game Axie Infinity has been a very popular application during the last 12 months, as the game’s NFTs have outpaced every NFT collection today in terms of all-time sales. While Axie Infinity has seen $3.85 billion in all-time sales, Nansen researcher Martin Lee recently published a report on how Ronin, Axie Infinity’s sidechain, …
SEC Chair Gensler Discusses How Securities Laws Apply to Crypto Tokens — Won’t Say if Ethereum Is a Security
The chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, has explained how securities laws apply to cryptocurrency tokens as he outlined the commission’s priorities in regulating the crypto space. “Our role at the SEC is to ensure that the public still gets basic protection,” he stressed. SEC Chair Gary Gensler on Cryptocurrency …
Billionaire Jeff Gundlach Expects Recession This Year, Advises Against Buying Bitcoin
Doubleline Capital CEO Jeffrey Gundlach, also known as the “Bond King,” has warned about “a recession in the later part of this year.” He also advised against buying bitcoin at the current level. “Maybe you should buy it at $25,000,” he said. Billionaire ‘Bond King’ Jeff Gundlach on Recession, Bitcoin, and the Fed Raising Interest …
Goldfinch Protocol (GFI) is launching on Coinbase Pro
Starting Today, January 11, transfer GFI into your Coinbase Pro account ahead of trading. Support for GFI will generally be available in Coinbase’s supported jurisdictions with certain exceptions as indicated in each asset page here. Trading will begin later today if liquidity conditions are met. One of the most common requests we receive from customers is …
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