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 …
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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 …
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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”
Bitcoin (BTC) has continued to trade near the $55,000 level. The sharp rally in Bitcoin has pushed its market dominance from 40.70% on Sep. 12 to about 45% today. This shows that the strong recovery in cryptocurrencies has largely been led by Bitcoin. This sharp run-up in Bitcoin has pushed the Fear and Greed indicator …
Continue reading “Top 5 cryptocurrencies to watch this week: BTC, DOT, UNI, LINK, XMR”
The CEO of crypto investment firm Pantera Capital says that brutal Bitcoin bear markets where BTC plummets over 80% are now a thing of the past. In a new edition of the Blockchain Letter, Dan Morehead says that Bitcoin has entered the post-halving era and no longer follows the extreme volatility of previous market cycles. …
The year 2021 seems to be a big year for the blockchain world as several projects, such as nonfungible tokens (NFTs) and centralized decentralized finance exchanges (CeDeFis), are taking the central stage. Also at the forefront is Facebook’s Libra. Not too long ago, the media was rife with the news that the world’s largest social …
Continue reading “One currency to rule them all: Facebook’s Diem has global ambitions”
Market analysts from banking giant JPMorgan say they’ve identified three reasons behind Bitcoin’s latest surge. In a note to Business Insider, the banking titan says that one catalyst of Bitcoin’s recent rally from the $40,000 level to $55,000 is the growing belief that it’s a better inflation hedge than gold. ADVERTISEMENT “Institutional investors appear …
XRP has a good chance of hitting $1.50 in the fourth quarter of 2021 after painting a bullish crossover between its 20-day and 50-day exponential moving averages (EMA). The so-called Golden Cross has appeared multiple times on XRP charts in history. Its last occurrence was on Aug. 10, which followed up with a circa 80% …
Continue reading “XRP price eyes $1.50 next after bouncing 30% in just 10 days”
