Myanmar’s shadow government, the National Unity Government (NUG), led by the supporters of jailed leader Aung San Suu Kyi, has declared U.S. dollar-based stablecoin Tether (USDT) as an official currency for local use. As per a report published in Bloomberg, the NUG will accept Tether for its ongoing fundraising campaign seeking to topple the current …
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Bitcoin (BTC) whales are the center of attention this week as buying and selling habits split the BTC price narrative. New findings from on-chain analytics firm CryptoQuant show derivatives investors leading the way when it comes to bullish bets on Bitcoin. “Sick” BTC price indicator favors bulls The second half of November produced a marked …
Continue reading “‘Monster bull move’ means whales could secure the next Bitcoin price surge”
Solana — whose native crypto, SOL, is the fifth-largest cryptocurrency by market capitalization — is leading on-chain development charts despite a recent distributed denial-of-service (DDoS) attack. As per Santiment data, Solana surpassed the daily GitHub submission rates of Polkadot and Cardano to become the leading blockchain over the past month. The number of daily GitHub …
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Total circulating Bitcoin (BTC) hit a significant milestone on Monday morning, one and a half years after the last Bitcoin halving, as 90% of the maximum total supply has been mined. Current data from Blockchain.com shows Bitcoin in circulation hit 18.899 million as of Monday, meaning only 10% of the total supply is left to …
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The host of crypto channel Coin Bureau is saying that an under-the-radar Ethereum rival is primed for an epic rally before the end of the bull market. In a new video, pseudonymous crypto analyst Guy tells his 1.74 million subscribers that he’s bullish on Near Protocol (NEAR), a blockchain designed for scalability and stability that …
Blockchain analytics firm Chainalysis will be partnering with Robinhood to provide data and tools for trading in advance of the app launching its crypto wallet. In a Monday announcement, Chainalysis said the integrated partnership with Robinhood Crypto will help the trading app meet compliance requirements ahead of the launch of its crypto wallet, expected to …
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Bitcoin (BTC) starts a new week on familiar ground below $50,000, but anticipation is building for major disruption to begin. After a fresh push above $50,000 ended in rejection, BTC/USD is keeping traders guessing till the last when it comes to near-term price action — including the end-of-year close. With just two weeks to go, …
Continue reading “‘I think BTC is ready’ — 5 things to watch in Bitcoin this week”
Crypto exchange Binance has withdrawn its application with the Monetary Authority of Singapore (MAS) for a digital payment token (DPT) services license. Starting Dec. 13, Binance.sg has stopped onboarding new users and will not allow Singaporeans to deposit cryptocurrencies or fiat on the exchange. By Feb 13, 2022, Binance plans to “wind down” all services …
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Elon Musk has made himself known as an entrepreneur, eccentric personality, crypto investor as well as part owner and heavy endorsor of power-meme turned token, Dogecoin. He continues to continues to educate those on the wonders and dangers of crypto. Let’s take a look at the history of Elon musk and crypto, particularly with Dogecoin. …
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Analysts believe that a ‘wave of decentralization’ is approaching, thanks to exponential growth in blockchain adoption across the globe. Multiple sectors, particularly the financial ones, are converging to adapt the underlying technology behind cryptocurrency, aka ‘blockchain.’ Interestingly, the federal authorities are certain about blockchain adoption, but they are wary of crypto as an investment class. …
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Next Earth, a replica of Earth built on the blockchain, announced that it has donated 330 BNB (around $204,000 USD) to environmental causes from contributions made in November. The donation was made via a voting DAO (Decentralized Autonomous Organization), in which landowners vote on which charities to donate to. The percentage of each vote corresponds …
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Galaxy Digital’s Mike Novogratz remains bullish on Bitcoin (BTC) despite the flagship cryptocurrency’s lackluster performance over the last few weeks. In a new interview on CNBC, Novogratz explains why Bitcoin is not trading as well as Ethereum (ETH) right now. “If you look at the Ethereum price, Ethereum still trades bullish. People see Ethereum as …
Scalability on the Ethereum (ETH) network has been a point of contention within the cryptocurrency ecosystem for years, primarily due to high fees and network congestion during periods of peak demand. The latest solution to emerge as the final fix to Ethereum’s scalability woes are Zero-knowledge rollups (ZK rollups), a form of scaling that runs …
Continue reading “ZK-rollups step into the limelight after the quest to scale Ethereum evolves”
Ethereum layer 2 solution Polygon is unveiling a massive acquisition worth hundreds of millions of dollars to expand its repertoire of scaling technologies. In a new blog post, Polygon (MATIC) announces the acquisition of Mir, a startup focused on developing zero-knowledge (ZK) technology. ZK-rollups are layer 2 solutions that bundle hundreds of transactions off-chain and …
A non-profit dedicated to government oversight is taking legal action against the U.S. Securities and Exchange Commission (SEC), alleging conflicts of interest in its handling of the crypto space. Empower Oversight is suing the SEC to compel the regulator to comply with the Freedom of Information Act (FOIA) and reveal communications between its senior officials …
