By 2021, proof-of-stake (PoS) anchored itself as the consensus mechanism of choice for new and innovative blockchains. Ethereum 2.0, Cardano, Solana, Polkadot, Terra Luna — five out of the top 10 base layer blockchains run on PoS. It’s easy to see why PoS blockchains are popular: The ability to put tokens to work — verifying …
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In her monthly Expert Take column, Selva Ozelli, an international tax attorney and CPA, covers the intersection between emerging technologies and sustainability, and provides the latest developments around taxes, AML/CFT regulations and legal issues affecting crypto and blockchain. On Nov. 14, Tezos-based nonfungible token (NFT) marketplace Hic Et Nunc — which in Latin means “here …
Continue reading “2021 ends with a question: Are NFTs here to stay?”
A rough weekend for crypto traders is underway, with Bitcoin crashing more than 16% from $52,000 to $43,500 in the span of about thirty minutes. The top cryptocurrency bounced off the bottom and is now at $47,190 at time of publishing. Ethereum and the altcoin markets followed BTC’s sudden meltdown, with ETH sinking from $3,983 …
Bitcoin (BTC) traded near $47,000 on Dec. 4 after a sudden crash confirmed bulls’ worst nightmares with 22% daily losses. BTC/USD 1-day candle chart (Bitstamp). Source: TradingView Crypto liquidations pass $2.5 billion Data from Cointelegraph Markets Pro and TradingView showed BTC/USD hitting local lows of $41,960 on Bitstamp — its lowest since Sep. 30. As panic …
Continue reading “Bitcoin could ‘consolidate until 2022’ after mass wipeout sends BTC price to $41K”
Bahamian-based cryptocurrency exchange FTX released a list of principles and proposals to help policymakers build the regulatory framework. The policy recommends the market-structure choices made by several leading crypto exchanges and suggests its implementation across all jurisdictions. FTX shared the “FTX’s Key Principles for Market Regulation” blog after Maxine Waters, the chair of the House …
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The Republic of El Salvador has procured 150 Bitcoin (BTC) amid the biggest bear market since Bitcoin attained an all-time high of nearly $68,000 back in the first week of November. Salvadoran president Nayib Bukele announced the purchase of 150 BTC as the market price momentarily slipped below $50,000 after losing over 15% in market …
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Bitcoin (BTC) has suddenly fallen below $47,000 on Dec. 4, losing nearly 20% in the past 24 hours. This makes this the biggest one-day drop since May 15, when Bitcoin price momentarily came down to nearly $33,000. The market price of BTC fell down 26.4% from week-long support of $57,206 to go down to $42,268 …
Continue reading “Bitcoin tumbles below $47K wiping out October gains — Bear market begins?”
By Catherine Shyu Sullivan, Senior Product Manager, Coinbase The month of December normally consists of a scramble to find the perfect gifts for coworkers, hosts, friends, and family. You either brave the long lines in stores or navigate supply chain delays online, and frequently end up settling on another generic candle. This holiday season, we’re introducing a …
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The ledger IOTA aims to become “a fully decentralized, feeless multi-asset ledger” by launching Assembly in 2022, a governance layer one for permissionless smart contracts, along with the native token ASMB that will open the doors for the network’s main stakeholders, who would be democratizing Assembly. IOTA’s founders say the ledger is a “public permission-less backbone …
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Bitcoin mining energy consumption has been one of the most addressed issues in the crypto space. Concerns over its energy consumption and environmental impact had been reasons cited during the China crackdown that saw miners exit out of the region en masse. The once bitcoin mining capital of the world had seen its hashrate crumble …
Continue reading “Calls For Tesla To Resume Bitcoin Payments As Mining Reaches 57% Renewable Energy”
The Ethereum 2.0 upgrades of the consensus layer built by multiple teams in the ecosystem promise to bring a “more scalabe, more secure, and more sustainable Ethereum”, and now Vitalik Buterin celebrates 1 year since the proof-of-stake Beacon Chain went live. Eth2 or Serenity aims to “support 1000s of transactions per second” so the high …
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Data reveals that mostly mid-to-long term holders were selling their Bitcoin during November, thus being responsible for the correction. Bitcoin UTXO Age Shows Mid-Term Holders Sold Their Coins In November As per the latest weekly report from Arcane Research, mid-term holders seem to be behind the decline in BTC’s price during the month of November. …
Registration for the BUMP Public Token Sale opened on December 2nd Although Wall St has long been invested in the cryptocurrency markets, the two are still very different when it comes to market volatility; the wild price swings of crypto assets are enough to chill even the most successful Forex trading professionals to the bone. …
Cardano (ADA) creator Charles Hoskinson is revealing that decentralized exchanges are just weeks away from arriving on the sixth-largest blockchain by market cap. Hoskinson says in a tweet that he’s “really proud” of the team behind SundaeSwap, a decentralized trading protocol on Cardano, which will launch its testnet on December 5th. The purpose of a testnet …
Cosmos (ATOM) has the potential to record major gains in the upcoming weeks primarily because its longer-timeframe chart is showing a bullish continuation pattern. Dubbed “bull flag,” the structure appears as the asset trends lower while bouncing between two downward sloping trendlines. However, it eventually breaks out of the range, in the direction of its …
Continue reading “Traders say ATOM could eventually do an AVAX-like surge to $100”
