The Chinese government-backed blockchain project, the Blockchain-based Service Network (BSN), continues expanding its global presence by setting up two new portals in Turkey and Uzbekistan. Red Date Technology, the architect behind the BSN project, has signed an agreement with Turkish consultancy firm, Turkish Chinese Business Matching Center (TUCEM), to launch two international BSN portals in …
Continue reading “Chinese blockchain project BSN expands to Turkey and Uzbekistan”
U.S. Senator Ted Cruz believes The United States should be using natural gas to mine Bitcoin instead of flaring it. Speaking during the Oct. 8 Texas Blockchain Summit, Senator Cruz asserted that Bitcoin mining can be used to monetize energy created through oil and gas extraction rather than burning it, arguing that there is “enormous …
Continue reading “Texas should use Bitcoin mining to capture wasted natural gas: Sen. Ted Cruz”
The value settled on the Bitcoin network has been surging recently, reaching a new daily all-time high last week. Bitcoin’s daily settlement value hit an all-time high on Oct. 6, with $31 billion worth of transactions being settled on-chain using the Bitcoin network. The record high marks an increase in the network’s daily settlement volume …
Continue reading “Bitcoin network tags record high for daily settlement volume”
Salvadoran president Nayib Bukele has announced plans to invest part of the $4 million worth of profits the country has amassed from its Bitcoin holdings to invest into constructing a new veterinary hospital in the local capital of San Salvador. Taking to Twitter on Oct. 10, Bukele revealed that El Salvador’s state-operated Bitcoin trust currently …
Continue reading “El Salvador to build $4M veterinary hospital using profits from Bitcoin trust”
A nuclear engineer and his wife have been arrested in West Virginia on charges of espionage and selling restricted data. The couple sold classified information regarding the designs of nuclear-powered warships to an individual they believed to represent a foreign nation for almost a year. However, the contact was an undercover FBI agent who sent …
Continue reading “Nuclear engineer sells classified data to undercover FBI agents for crypto”
Dataset from Foundry shows that four states in the U.S. have the highest Bitcoin hash rate distribution. The dataset shows that many Bitcoin miners are headed to New York, Kentucky, Georgia, and Texas. Foundry U.S. is the largest mining pool in North America and the fifth-largest globally. The hash rate is a measure of collective mining …
Continue reading “Bitcoin Mining In The U.S.: 4 States Attract The Most Miners”
The decentralized finance (DeFi) ecosystem has grown exponentially during the past few years. Beginning with the launch of Ethereum (ETH) in mid-2015, application developers across the globe began to write smart contracts to support a wide range of decentralized applications (dApps). A few years later, other platforms such as EOS and TRON launched their mainnets …
In the fall of 2017, NFT projects like Cryptokitties took off like a rocket. I had the opportunity to have a lot of discussions about the crypto space, NFTs, and the emerging metaverse. These conversations centered around how virtual land could become a viable alternative asset niche within cryptocurrency markets, and the metaverse. That’s when …
Continue reading “My Experience Buying Virtual Land on Next Earth”
Since the drop of the first token in 2009, there has been a battle for control going on within the digital world. This war is generally financially based, as countries try to secure greater control and grip on decentralized exchanges and cryptocurrency. Here is a brief look into a few different perspectives from countries that have …
Continue reading “Quick History: The War On Tokens & Crypto Bans”
A top crypto strategist and trader says that it is within the realm of possibilities that Dogecoin (DOGE) can ignite a surge reminiscent of its massive breakout in April. Justin Bennett tells his 73,300 Twitter followers that the leading meme crypto’s current price action mirrors a technical pattern last seen in DOGE six months ago …
A joint operation by Israeli police and the Federal Bureau of Investigation (FBI) has led to the arrest of a former tech mogul and 25 other people for their alleged participation in a fraudulent trading scheme involving cryptocurrencies. The Times of Israel reports that Guy Grinberg, co-founder of the China-based social media platform Koolanoo, was …
On-chain analyst William Clemente says Bitcoin’s (BTC) outlook for the latter half of this year remains highly bullish. In Blockware Intelligence’s latest report, Clemente says that in the immediate short term, Bitcoin could see a pullback before any bullish momentum continues. ADVERTISEMENT According to the on-chain analyst, multiple factors including whales taking profits and …
A widely followed trader and crypto strategist says he’s bullish on Bitcoin (BTC) until the price action proves him wrong. In a new strategy session, pseudonymous trader DonAlt says that BTC is currently facing a weak resistance area in the weekly timeframe as the largest crypto asset continues to trade above $50,000. ADVERTISEMENT “For …
The regulators are closing in. It’s one thing to unbundle market functions to their parts ― custody, aggregators and Prime Brokerage ― to satisfy institutional compliance departments. It’s another to keep regulators happy. From the Financial Action Task Force pushing forward with its guidance for Travel Rule compliance to the still-evolving European Markets in Crypto-Assets …
Continue reading “Regulators are coming for crypto: Is digital identity the answer?”
The gaming industry, which has always been synonymous with fun, has grown massively in recent times, and a lot of money is now being mentioned when gaming comes up. Since the introduction of Web 3.0, there has been immense growth in the industry. At the end of 2019, the global gaming market was reportedly worth …
Continue reading “The Metaverse, play-to-earn and the new economic model of gaming”
