A new Chainalysis report shows that the number of decentralized exchanges (DEXs) is growing faster than all other types of crypto exchanges. But Similar Web data shows centralized exchanges are far from unpopular, with Binance seeing 171 million visitors in October. Chainalysis published a report on crypto exchanges on Nov. 11 and provided an analysis …
Continue reading “DEXs growing faster than CEXs but Binance still sees 171M visitors in a month”
Volatility is the name of the game in the cryptocurrency market and the Nov. 11 evening sell-off in the price of Bitcoin (BTC) is a reminder that new all-time highs are often followed by sharp whipsaws to underlying support levels. Data from Cointelegraph Markets Pro and TradingView shows that after dropping to a low near …
At a November 11 press conference, blockchain- based document security company Transcrypts announced a partnership with Doctors Without Borders, or DWB, that began on October 14th. Working together, they have already uploaded 6500 immunization records to the blockchain, with a goal of 76000 by 2022. Most of the recorded immunizations are COVID 19 vaccines, but …
Continue reading “Doctors Without Borders is now using blockchain tech for medical record storage”
An altcoin project aiming to merge blockchain technology and wireless networks is in the midst of a rapid rise, far outperforming Bitcoin (BTC) and the altcoin markets at large. Helium (HNT) shot from a low of $29.60 last Thursday to $54.05 in just seven days – a staggering 82% rally. The token is now the …
New York City Mayor-elect Eric Adams is welcoming the launch of the Big Apple’s first-ever cryptocurrency, NewYorkCityCoin (NYCCoin). Following a tweet from Adams saying that he wants New York to have its own digital asset like Miami, CityCoins announced the activation of NYCCoin mining. The crypto development firm previously launched MiamiCoin (MIA) back in August. …
The United States Congress is seeking to bring clarity to cryptocurrency and the digital asset ecosystem in an upcoming public hearing that will feature remarks from several industry experts. The Joint Economic Committee (JEC) will host “Demystifying Crypto: Digital Assets and the Role of Government” on November 17th. The event will also livestream on YouTube. …
A Bitcoin whale who’s been silent for eight years is suddenly making waves by moving more than $148 million worth of BTC. The address first received 2,207 BTC on October 7th, 2013, when that amount of Bitcoin was worth $282,264, according to Blockchair.com. The BTC remained in the wallet until Wednesday when it was moved …
In its third-quarter earnings release, Canadian cryptocurrency miner Hut8 announced that it surpassed the goal set earlier this year of holding 5,000 Bitcoins (BTC) in reserves through mining. Its Bitcoin balance now amounts to 5,053, for a total market value of $430 million. During the quarter, Hut 8 generated 50.34 million (CA$) (worth around $40 million) in …
Continue reading “Crypto miner Hut 8 surpassed 5K Bitcoin held in reserves”
“I’m in it for the tech,” is a phrase commonly used in the cryptocurrency ecosystem by many who want to express a deeper motivation for being involved with blockchain technology beyond the significant gains that are known to happen in the volatile asset class. One project that has quietly climbed the charts without the need …
Ether (ETH) bulls seem excited by the recent $4,870 all-time high that was hit on Nov. 10. While it was a new high in U.S. dollar terms, ETH is still 51% below June 2017’s price in Bitcoin (BTC) terms. But it’s entirely possible that the 0.155 BTC level reached in the previous cycle reflected the …
Continue reading “Ascending channel pattern and Ethereum options data back traders’ $5K ETH target”
Even with no physical headquarters and seemingly few regulations affecting its business practices, Binance could reportedly be worth three times as much as Coinbase if it were to go public today. According to a Thursday report from the Wall Street Journal, former executives of the major cryptocurrency exchange estimated that Binance could be worth up to …
Continue reading “Former Binance execs say exchange is worth $300B: Report”
We have decided to vote for Option A in Governance Period 1, Algorand’s first and ongoing governance vote. Voting will conclude on November 14. We thought it might be useful to publish why we are voting this way and hope to contribute to what is already an extremely vibrant community discussion. Governance Period 1: What …
Continue reading “Algorand’s Upcoming Ballot Box: Why We Are Voting for Option A”
November 11, 2021 – Singapore, Singapore The Clear protocol (Clear), a DeFi derivative platform that allows users to build customized derivative products, has raised $2.5 million from Huobi Ventures, Kronos Research, SpringWind Ventures, Double Peak Group, Markarian Capital, Gate.io Labs, VRM, Hoo Cub Fund, AC Capital, DWeb3 Capital, Foresight Ventures, AlphaCoin Fund, NFVentures, Mintable Fund …
November 11, 2021 – Singapore, Singapore Orbs is once again disrupting the blockchain with an entirely new proposition – that is to augment the architecture of a multichain interoperable infrastructure, which works in parallel with all the major layer 1 and layer 2 chains, like BSC, Ethereum, Solana and Avalanche, and the apps that sit …
Pantera Capital CEO Dan Morehead says Bitcoin (BTC) is entering “a new price era” as the value of the US dollar crumbles. Morehead notes in a new Blockchain Letter that inflation is at a 30-year high, and housing affordability has plummeted to its worst level in over 15 years. The chief executive writes, “The market …
