Just before the Ethereum network transitioned from a proof-of-work (PoW) blockchain to proof-of-stake (PoS), Ethereum Classic’s hashrate saw a significant increase. Three days after The Merge, Ethereum Classic had 214.37 terahash per second (TH/s) of hashrate. However, since then, the network’s hashrate has decreased significantly as 44.33% of it has been lost over the last …
Monthly archives: January 2023
Bitcoin, Ethereum Technical Analysis: BTC Nears $24,000 Following Weekend Rally
Bitcoin started the week trading near a five-month high, as prices consolidated the weekend’s gains. Prices rose close to $24,000 on Sunday, following a breakout of a key resistance level. Ethereum fell back below $1,600 on Monday, after moving to a one-week high during yesterday’s session. Bitcoin Bitcoin (BTC) remained near a five-month high on …
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Recruiting Agencies in Japan Are Turning to the Metaverse
The metaverse is making inroads in job recruiting fronts in Japan. According to local reports, a mega metaverse job fair was organized on Jan. 27, with more than 2,000 students taking part in the experience. The students used avatars to communicate and review the job previews available in different booths controlled by several companies. Japan …
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Argentine Peso Loses Almost 12% Against the Greenback During January; Inflation Projected to Rise Sharply
The Argentine peso has fallen consistently against the U.S. dollar this month, losing almost 12% since Jan. 1. The behavior of the exchange rate for the informal “blue” dollar keeps bringing concerns about a possible escalade in inflation rates, that are predicted to reach almost 100% this year, similar to the rates registered in 2022. …
Four Under-the-Radar Altcoins Explode 100% or More in Just Seven Days As Crypto Markets Ignite
Four altcoins flying under the radar are generating big gains as the crypto markets continue to flash signs of strength. One of the best-performing altcoins this week is CFX, the native asset of multi-chain ecosystem Conflux Network. CFX rallied from a seven-day low of $0.028 to a high of $0.080, representing gains of over 185% …
UK regulator investigates charity linked to FTX
The commission in charge of regulating registered charities in England and Wales has announced it had begun investigating Effective Ventures Foundation, an organization tied to bankrupt crypto exchange FTX. In a Jan. 30 announcement, the Charity Commission said it had launched the inquiry due to FTX being a “significant funder” of Effective Ventures. According to …
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Three launch lessons from blockchain-based freelance marketplace TopIQs
Over a decade ago, the cofounders of TopIQs were freelance internet marketers dealing with many of the frustrations that still irk freelancers today. They invested significant time pitching, landing and completing projects for clients on freelance marketplaces. When it was time to get paid, they spent weeks or months chasing payments or resolving account issues …
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Credit cards can bridge Web2 to Web3, says music industry exec
Last year proved that the Web3 space is not just a phenomenon but rather the future of digital interactions. However, as pervasive as the space has become, many are still skeptical as to how it can and will be a part of their lives. Many developers are seeking ways to bridge the gap between these …
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New paradigms for enterprise blockchain adoption
Blockchain technology has created a new avenue to reconfigure the vision for the future of the internet. Data on the internet generated by individuals, organizations and other users are controlled by centralized entities, with a significant concentration of economic power and influence held by a few key corporate players who have thrived on data aggregation …
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Sam Bankman-Fried’s Lawyers Appeal ‘Sandbag’ Motion To Limit SBF’s Freedom
Summary: Lawyers hired by Sam Bankman-Fried asked a U.S. judge not to issue a court order restricting SBF from social media and interacting with former colleagues. The appeal was filed to counter prosecutors’ claims that Bankman-Fried tampered with evidence and witness testimony. SBF’s lawyers said the prosecutor ‘sandbagged’ the former FTX CEO to cast him …
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Sorare Signs 4 Year NFT Licensing Deal With The Premier League
Sorare has secured an NFT licensing deal with the English Premier League. The multi-million-pound deal will allow Sorare to sell digital sports cards of Premier League players. The Premier League may acquire a stake in the crypto startup as part of the deal. The deal was previously reported to be worth £30 million a year. …
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Shiba Inu (SHIB) Rival Surges 204% in Just One Month, Votes To Burn Nearly 5,000,000,000,000 Tokens
One of Shiba Inu’s (SHIB) biggest rivals just voted to burn nearly 5 trillion of its tokens, which is about half of its total supply. Floki (FLOKI) is a Dogecoin (DOGE) and SHIB competitor that was created when tech mogul and crypto enthusiast Elon Musk said he was naming his puppy “Floki.” FLOKI now has …
Top Analyst Says One Ethereum-Based Altcoin Is Ready To Break Out, Updates Outlook on Three Additional Altcoins
An analyst closely followed in the crypto space says that one altcoin operating on the Ethereum (ETH) blockchain is ready to run, and has updates on three other digital assets. Michaël van de Poppe tells his 647,000 Twitter followers that Ethereum scaling solution Polygon (MATIC) is likely presenting an opportunity for a 60% gain if it …
Binance blocks some accounts amid Bitzlato case: ‘Funds are safe’
Cryptocurrency exchange Binance has been silently shutting down multiple accounts on the platform in relation to the Bitzlato investigation, according to several users. On Jan. 18, a group of Russian-speaking Binance clients complained about blocked accounts and not being able to withdraw their funds from the exchange. The affected users created a Telegram group chat …
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Bitcoin adoption of Guatemalan merchants grows one BTC tattoo at a time
Bitcoin (BTC) use in Guatemala is on the up. The Latin American country that borders El Salvador boasts Guatemalan-grown Bitcoin companies such as Ibex and Osmo, several Bitcoin Beach-inspired projects including Bitcoin Lake, and now, free BTC tattoos. A Bitcoin merchant adoption competition hosted by Osmo Wallet in 2022, a Guatemala-based Bitcoin company, led to …
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