After Bitcoin total hash rate hitting a new all-time-high on December 3rd, the protocol has automatically adjusted the mining difficulty as shown by the latest data from analytics service Glassnode. The hash rate of the Bitcoin network hit an all-time-low on the 3rd of July last year, clocking in at 84.8 million terahashes per second, …
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DeFi startup Revault and Quantum Economics, a FinTech research, advisory, and money management firm led by Mati Greenspan, revealed they will be partnering up in a joint announcement. Revault Network stepped into the vault scene with a twist–as an aggregator of vault strategies. While indexing vaults in the market, Revault enables users to easily deposit …
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South Korea is eyeing the growing Metaverse expansion and is all set to work towards developing itself as a major game player in the field. The country’s science ministry on Thursday unveiled plans to develop a metaverse market to lead the country ahead by becoming the fifth biggest metaverse market by 2026. Metaverse projects to …
Indonesia’s Tarjih Council and the Central Executive Tajdid of Muhammadiyah have issued a fatwa (decree) stipulating the illegality of cryptocurrency use or investment by the country’s Muslims. The fatwa points to the volatility as well as the lack of state backing as reasons why Muslims must avoid investing or using cryptocurrencies. Cryptocurrencies Thought to Be …
press release PRESS RELEASE. Irvine, California, January 21, 2022: Merkle Standard, a sustainable digital asset mining platform, announced a new miner purchase order from Bitmain Technologies Limited. The executed purchase agreement is for 13,500 mining rigs from the leading ASIC mining manufacturer and aligns with Merkle Standard’s goal of becoming the industry’s most efficient and …
A16z, a leading VC company in crypto, is reportedly ramping up its investments in the field this year. The company is said to be looking for $4.5 billion to invest in different cryptocurrency-related funds. This amount more than doubles the entire amount the company invested in crypto last year. A16z to Double Down on Crypto …
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Following the drop in value during Thursday evening’s trading sessions, Bitcoin’s mining difficulty rose to a lifetime high, reaching 26.64 trillion after jumping 9.32% at block height 719,712. The mining difficulty’s all-time high (ATH) is now higher than the ATH it reached on May 15, 2021, which means it is currently more difficult than ever …
According to on-chain analytics firm Chainalysis, the volume of criminal cryptocurrency transactions in 2021 peaked at a new all-time high – $14 billion. However, despite the rise in criminal transfer volume, its relative share to the entire cryptocurrency transaction volume of 2021 was the lowest of all time. These statistics show that the expansion of …
It’s official, the Basho era of Cardano is here, bringing a new chapter focused on optimization, scaling, and interoperability. And, as the Cardano dApp ecosystem begins to fill out, useability improvements have never been as critical. Especially so, given the less than smooth roll-out of SundaeSwap on Thursday. In laying the stage for this, John …
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Thursday evening (GMT) saw the start of the crypto market slide. Of the top 100, excluding stablecoins, only Safemoon, Leo, and BitTorrent managed to stay green over the last 24-hours. Source: CoinGecko.com Before the slide, the total crypto market cap was valued at $2.029 trillion. Over the course of the night and into the early …
Continue reading “Crypto suffers $200 billion drawdown, what’s happening?”
Moscow could soon crackdown on cryptocurrency operations in the country, as Russia’s central bank released a damning 36-page proposal earlier this Thursday. Stating investor protection, financial stability and environmental concerns, the main regulator of Russia’s financial markets proposed outlawing the use and mining of cryptocurrencies in the country. The Bank of Russia proposed the following …
With a market cap of more than $170 billion, stablecoin adoption is exploding. The total market of stablecoins grew 450 percent in 2021 alone. Stablecoins are viable internet-native mediums of exchange between public blockchains, and act as the base layer and collateral for the DeFi space. The dominant stablecoins on the market today, USDT and …
Continue reading “$4B non-profit established to stabilize UST stablecoin”
A lot has changed in regard to the prices of various crypto assets throughout 2021, as today’s top crypto assets look a lot different than they did 12 months ago. Moreover, the most valuable cryptocurrencies in terms of U.S. dollars per unit have also changed, and the top ten most expensive coins have shifted. The …
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The Central Bank of Russia has started to examine the operations of Russian banks with cryptocurrency exchangers, according to local media. Transactions between individuals through these platforms are of particular interest as the regulator believes these carry risks of financial losses and fraud. Central Bank Asks Russian Banks for Details on Crypto-Related Transactions In late …
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press release PRESS RELEASE. According to Hoo users who participated in AMM (Automated Market Maker) test, each liquidity pool of Hoo has listed quantitative data, such as total liquidity, 24H transaction fee, 1 day and 7 days annualized return for users’ reference. Compared to on-chain DEX providing liquidity such as Uniswap, users can operate at …
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