Bitcoin critics mainly base their arguments on its high market volatility and the devastating impact of Bitcoin mining on the environment. Jack Dorsey, the CEO of Square, has put the counter arguments for Bitcoin mining regarding energy consumption in a recent whitepaper. According to the whitepaper, Bitcoin mining could incentivise the renewables energy sector. Dorsey’s …
Continue reading “Is Jack Dorsey Right: Will Bitcoin Incentivise Renewables Transition?”
Ever since Elon Musk dropped the news of Tesla’s U-turn on Bitcoin payments, attention has shifted towards more energy-efficient alternative coins. Ripple Lab’s XRP token appears to be one such coin with strong green credentials and is also solving payment problems right now. XRP Token Solving Energy And Remittance Problems The XRP token is one of …
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There are several ways to swap digital currency in the cryptocurrency market. The choice is between the exchanges and swap services, or exchangers. Both offer a wide range of digital currencies, a lot of altcoins at an affordable cost. So what is the difference? Where it’s better to exchange Bitcoin — on crypto exchange or the exchange service? …
Michael Saylor has provided more context on the Mining Council, and hopes to combat the anti-crypto narrative with greater Bitcoin mining transparency. MicroStrategy CEO, Michael Saylor has explained the details and thinking behind the formation of the Bitcoin Mining Council. The council was formed on May 25 after Saylor brokered a successful meeting between Elon …
Continue reading “Michael Saylor says Bitcoin Mining Council required to combat ‘hostile’ narrative”
It won’t be easy to bring DeFi to be on par with traditional finance, but tokenization can help it along, says Liquefy’s CEO. Nonfungible tokens could become a bridge to connect the legacy financial system to the emerging fintech world in the near future. During a recent interview, Adrian Lai, CEO of Liquefy — an …
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Roughly $60 billion worth of ETH changed hands over the past 24 hours while BTC saw $50 billion in trade. Ethereum is seeing renewed interest in the aftermath of Bitcoin’s travails this week, with Ether’s 24-hour trade volume topping BTC’s by a significant margin. However it’s still a long way from doubling Bitcoin’s volume as …
Continue reading “Ether sails past BTC’s daily volume as Grayscale ETH Trust trades at 11% premium”
The Canadian trading and yield app recorded $60 million in revenue for Q1, 2021. Crypto asset trading firm Voyager Digital has announced financial results for the first quarter of 2021, and they are impressive. The retail crypto trading and yield platform reported another record quarter, with momentum continuing into the current quarter. Total revenue for …
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Shenzhen-based Bit Mining is planning to construct and operate a 100 MW crypto-mining data center in Kazakhstan. The project will be implemented in partnership with two local companies that will also provide the enterprise with an array of services. The total amount of the investment will exceed $9 million. Kazakhstan to Host New 100 MW …
One of Zimbabwe’s biggest financial institutions, CBZ Holdings says it is looking at ways it could “leverage cryptocurrencies and other emerging digital innovations.” According to the financial institution’s chairperson, Marc Holtzman, CBZ “is open-minded about new innovations, as these could open up new opportunities going forward.” Innovations Opening up New Markets Speaking in an interview …
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The Dfinity Foundation has launched a fund of around $223 million to support development on its decentralized Internet Computer network. Zurich-based Dfinity Foundation has announced a fund worth CHF 200 million, or around $223 million, to support development on the Internet Computer — a blockchain-based decentralized network with wildly ambitious plans to one day “replace” …
Continue reading “$223M fund for Internet Computer builders — but community is wary”
Both iterations of the world’s most popular DEX now generate more fee revenue than Bitcoin. The world’s largest decentralized exchange keeps growing and the newly-launched third iteration has now surpassed version two in terms of daily volumes. In addition to v3 topping the daily transaction volumes of v2, both have individually surpassed Bitcoin in terms …
Continue reading “Uniswap v3 flips v2 on volume — and both versions flip Bitcoin on fee revenue”
Bitcoin bulls may get some respite from a derivatives market indicator that hints at a price bottom. As the price of Bitcoin (BTC) is attempting to establish support at $37,000 on Tuesday, the recent $30,000 lows may have been the bottom, suggests one derivatives market indicator that has a history of accurately predicting BTC/USD cyclical …
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A number of blockchain projects have exploded in popularity in recent months, but their block sizes have stayed the same. What’s the answer to this looming scalability crisis? The cryptocurrency sector has undergone a seismic shift in recent years as retail investors and publicly listed companies make their way into the space. Globally, estimates suggest …
Continue reading “The importance of block sizes, and the rise of off-chain solutions”
Known for his reluctant stance on decentralized money, the Governor of Bank of England (BOA), Andrew Bailey, has recently taken his anti-crypto rhetoric up a notch. Speaking at a meeting with lawmakers in London, Bailey stated that cryptocurrencies are “dangerous.” Andrew Bailey Remains Sceptical About Cryptos “Crypto-assets,” as the central bank’s official labels bitcoin and …
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Galaxy Digital CEO Mike Novogratz doubts the future of dogecoin. The billionaire investor said that “It likely doesn’t have long-term legs because no institution is buying it and at some point, retail will lose interest.” Novogratz Says Dogecoin ‘Doesn’t Have Long-Term Legs’ Michael Novogratz, CEO of Galaxy Digital Holdings Ltd., recently discussed with Goldman Sachs …
