HodlX Guest Post Submit Your Post CoinGecko has just released its Q2 2021 report. In their analysis of the market, CoinGecko observed that even though Axie Infinity has been on the market for more than three years, its popularity held off until Q2 2021. In May, players could migrate their Axies and trade freely on …
Category archives: Trending Crypto news
Sharp Bitcoin Rally To Abruptly Follow Market Retreat, According to Crypto Analyst – Here’s His Timeline
A high-profile crypto trader is discussing what he believes is in store for Bitcoin (BTC) heading into the rest of the year. The pseudonymous trader, known as Kaleo, is looking at potential similarities between Bitcoin’s chart from July of 2020 and today. ADVERTISEMENT Kaleo tells his 332,000 Twitter followers that this time last year, …
Fruits of the land: Blockchain traceability gives farmers a competitive advantage
The global food and agriculture industry is a trillion-dollar sector that is growing exponentially. According to findings from the World Bank, agriculture alone accounted for 4% of global domestic product, or GDP, of the United States in 2018. The report further noted that agriculture could account for more than 25% of GDP in developing countries. …
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US government delves deeper into crypto accountability with $10M bounty
The U.S. Department of State has announced it will be taking a seemingly more active role in the pursuit of keeping some crypto users accountable. According to a Thursday Bloomberg report, the Biden administration intends to ramp up efforts to trace cryptocurrency payments, particularly when it comes to ransomware attacks. The government plans to address …
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Record outflows from Canada’s biggest Bitcoin fund see BTC reserves drop by 50%
A Canada-based Bitcoin fund, operated by 3iQ Corp, has witnessed a dramatic decline in its BTC reserves since June. Literally named the Bitcoin Fund (QBTC:CN), the closed-end investment product, was holding around 24,000 BTC in its vaults in early June. However, as the monthly session progressed, the reserves first dropped to below 16,000 BTC in …
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1inch Foundation launches $3M grants program for DeFi developers
1inch Foundation, the non-profit organization of the 1inch decentralized exchange aggregator, has earmarked $3 million to fund new protocol upgrades as part of a grants program targeting developers. Over the next 12 months, 1inch Foundation will disburse grants for projects in the following categories: network development, community development and research and analytics. The network development …
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TikTok Bans Financial Advice: What Does This Policy Mean for Crypto?
The social media platform TikTok has banned branded crypto content. Here’s what you should know. The popular video sharing app TikTok has introduced new restrictions that will prevent its users from promoting cryptocurrency. Here’s what you should know. Unlike some platforms, TikTok does not solely run third-party ads alongside user-created content. Users are additionally able …
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Here’s How Low Ethereum Could Fall in Coming Weeks, According to Prominent Analyst
A popular crypto analyst who accurately predicted a pair of Bitcoin (BTC) price crashes is issuing a potential price warning on Ethereum. Pseudonymous crypto trader Dave the Wave tells his 69,200 Twitter followers that current price action is starting to suggest that Ethereum (ETH) will likely have a solid correction that could bring it all …
UK FCA will spend £11M to warn people about investing in crypto
The United Kingdom’s Financial Conduct Authority (FCA) created an 11 million pound ($15.2 million) digital marketing campaign to warn citizens about the risks associated with crypto investments. Nikhil Rathi, chief executive of the FCA, made this known in a draft speech for the agency’s webinar titled “Our Role and Business Plan” delivered on Thursday. Detailing …
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Australian digital finance industry wants to legally recognize DAOs
Specialists and lawyers focused on decentralized finance (DeFi) are launching an initiative to create a new type of legal entity in Australia representing decentralized autonomous organizations (DAOs). The country’s Digital Law Association and global law firm Herbert Smith Freehills are lobbying an Australian Senate committee to formally recognize new decentralized models for corporate governance. These …
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China’s crypto industry is gone? Beijing’s crackdown keeps sending shockwaves
Since the start of the summer, a series of measures from Chinese authorities to curb cryptocurrency trading and mining have dominated the crypto news cycle. From urging financial service providers to throttle cryptocurrency-related transactions to ordering a crypto trading software provider shut down, the initiatives coming out of Beijing and their repercussions are widely believed …
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Kenyan electoral commission nominee clamors for blockchain voting
Justus Abonyo, former chair of Kenya’s Social Democratic Party, and current candidate for commissioner of the country’s Independent Electoral and Boundaries Commission (IEBC), has called for the adoption of blockchain voting. According to a report by Kenyan news outlet The Star, Abonyo made this appeal known while appearing before the selection committee overseeing the appointment …
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China’s Bitcoin hash power fell before the crackdown: Cambridge data
China’s crackdown on Bitcoin (BTC) mining due to energy consumption concerns is widely regarded as the trigger for the miners’ exodus from Asia to Western countries. But new research by the Cambridge Centre for Alternative Finance suggests that the shift in mining power started before China’s renewed scrutiny. Reuters reported that China’s total computing power connected …
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‘It’s fine’ to buy Bitcoin as gold substitute, says Trump ex-Treasury Secretary Mnuchin
Bitcoin (BTC) may be a “scam” for former United States President Donald Trump, but the former Treasury Secretary appears to have made a U-turn on the world’s first and best-known cryptocurrency. Speaking to CNBC on Wednesday, Steven Mnuchin confirmed that his perspective on Bitcoin had “evolved.” Mnuchin: Bitcoin stance has “evolved a little” The Trump …
Bitcoin network node count sets new all-time high
The number of reachable Bitcoin network nodes has crossed the 13,000 mark for the first time. As previously reported by Cointelegraph, the previous all-time high was 11,613 achieved back in January. According to data from Bitcoin network statistics dashboard Bitnodes.io, this milestone was reached back on July 5 when the number of reachable nodes clocked …
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