While the crypto markets experience a rough start to the new year, several competitors of leading smart contract platform Ethereum (ETH) are moving full steam ahead. In a new annual developer report, early-stage venture firm Electric Capital says that although Ethereum’s rapid growth continues, a handful of up-and-coming blockchain projects are rising at an unprecedented …
Category archives: Trending Crypto news
UK air traffic tech firm uses Hedera Hashgraph to track drones
Hedera’s public ledger consensus service was recently used to “gather, store, and order” millions of data points in a drone data trial sponsored by the United Kingdom government. As per an announcement, Hedera worked with Neuron Innovations, a London-based aviation technology company, to trial safe sharing of long-distance airspace by commercial, military, and government drones. …
Continue reading “UK air traffic tech firm uses Hedera Hashgraph to track drones”
Chinese crypto miner BIT Mining ‘unlikely’ to flee Kazakhstan: Report
Despite major internet blackouts amid anti-government protests in Kazakhstan, some Bitcoin (BTC) miners operating in the country are not planning to leave the country just yet. BIT Mining, one of the largest BTC mining companies that relocated operations from China to Kazakhstan last year, is still evaluating the impact of political unrest in Kazakhstan, Chinese industry …
Continue reading “Chinese crypto miner BIT Mining ‘unlikely’ to flee Kazakhstan: Report”
Samsung launches metaverse store in Decentraland
The Samsung metaverse store is a replica of a real-world shop situated at 837 Washington Street in New York City’s Meatpacking District. Samsung is the latest megacorporation to announce a metaventure project, choosing Decentraland for its metaverse project. On Thursday, the consumer electronics giant announced the opening of a virtual replica of its iconic New …
Continue reading “Samsung launches metaverse store in Decentraland”
‘Dip,’ ‘Buy’ and ‘Fed’ top trending topics on social media, per survey
Over the past seven days, the top trending words on cryptocurrency social media are “dip,” “buy” and “Fed.” Plus, the word “sell” fell out of the top 10 trending topics on Thursday despite spiking sharply on Tuesday. According to crypto market data aggregator Santiment, social media users from Meta to Telegram to Twitter have formed …
Continue reading “‘Dip,’ ‘Buy’ and ‘Fed’ top trending topics on social media, per survey”
Here’s How High Cardano (ADA) Could Rise in Coming Months, According to Coin Bureau
The host of popular crypto channel Coin Bureau is laying out the reasons why the price of Cardano (ADA) could recover and reach new all-time highs in the coming months. Cardano surged to its all-time high of $3.10 in early September, but it has since endured a severe price correction of more than 59%. The …
Bitcoin may pass $30K September lows, trader warns
Bitcoin (BTC) scooped liquidity at new lows on Jan. 7 as 2022 continued to deliver uninspiring price action. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Trader: BTC price should close above $42,400 Data from Cointelegraph Markets Pro and TradingView showed BTC/USD hitting its lowest levels since September overnight and reaching $40,938 on Bitstamp. The pair had …
Continue reading “Bitcoin may pass $30K September lows, trader warns”
How Could Reducing the Pace of the Fed’s Asset Purchases Affect Bitcoin?
HodlX Guest Post Submit Your Post On December 15, 2021, the US Federal Reserve policymaker Jerome Powell announced that it would double accelerate reducing the asset purchases program from the market – from $15 billion to $30 billion monthly. The purchases of US Treasury securities will be cut by $20 billion and mortgage-backed securities by $10 …
Continue reading “How Could Reducing the Pace of the Fed’s Asset Purchases Affect Bitcoin?”
Mozilla backflips on accepting crypto after ‘planet incinerating’ backlash
The Mozilla Foundation has put cryptocurrency donations on hold following a community backlash sparked by trenchant criticism from co-founder Jamie Zawinski. Last week the development company behind the Firefox browser tweeted an appeal for donations in cryptocurrency. But earlier today, Mozilla announced it had paused crypto donations due to the online discussion around crypto’s environmental …
Continue reading “Mozilla backflips on accepting crypto after ‘planet incinerating’ backlash”
P2E game Nyan Heroes aims to save 1 billion sheltered cats
Cat themed play-to-earn (P2E) NFT game Nyan Heroes is aiming to save 1 billion cats from euthanization in animal shelters across the U.S. Nyan Heroes is an upcoming NFT battle royal shooter style game built on the Solana blockchain that will enable players to compete with each other using NFTs depicting animated cats that are …
Continue reading “P2E game Nyan Heroes aims to save 1 billion sheltered cats”
Vitalik proposes new ‘multidimensional’ Ethereum fee structure
Ethereum co-founder Vitalik Buterin has put his thinking cap on again in an attempt to improve the current fee structure for the network. The proposal titled “Multidimensional EIP-1559” was laid out in a blog post on Jan. 5 in which Buterin noted that different resources in the Ethereum Virtual Machine (EVM) have different demands in …
Continue reading “Vitalik proposes new ‘multidimensional’ Ethereum fee structure”
SEC files complaint against operator of ‘unregistered’ $33M Crowd Machine ICO
The United States Securities and Exchange Commission (SEC) has filed a suit against Australian Craig Derel Sproule for the allegedly “fraudulent and unregistered” sale “of digital asset securities” in an Initial Coin Offering his company conducted in 2018. The SEC alleges in a Jan. 6 complaint that Sproule’s company, Metavine, Inc. which operated the ICO …
Continue reading “SEC files complaint against operator of ‘unregistered’ $33M Crowd Machine ICO”
GameStop Turn To NFTs, Plans To Launch Marketplace Later In The Year
Video game retailer GameStop has entered the non-fungible token (NFT) space. According to the Wall Street Journal, it is forming a division to develop a marketplace for non-fungible tokens and form cryptocurrency partnerships with crypto firms. GameStop To Build NFT Marketplace According to the WSJ story, the company has employed more than 20 individuals to …
Continue reading “GameStop Turn To NFTs, Plans To Launch Marketplace Later In The Year”
Blast From The Past Bitcoin Fractal Could Suggest A Record Reversal Is Near
Mark Twain said that history doesn’t repeat, but it often rhymes. Such a scenario could be about to play out in Bitcoin, according to a potential fractal that mimics the setup before a previous record-breaking rally. While the conditions aren’t quite the same for an exact repeat, there could be enough for the price action …
Continue reading “Blast From The Past Bitcoin Fractal Could Suggest A Record Reversal Is Near”
Start Of Bear Period? Current Bitcoin Trend Looks Similar To June
Bitcoin on-chain data shows current trend with the short-term holder SOPR looks similar to that in June. This may mean that a bear period similar to then has started. Bitcoin Short-Term Holders Continue To Realize Losses As pointed out by an analyst in a CryptoQuant post, Bitcoin short-term holders have continued to realize profits recently, …
Continue reading “Start Of Bear Period? Current Bitcoin Trend Looks Similar To June”