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Tag archives: Bitcoin
Bitcoin sees a 10% drawdown, what’s behind this market sell-off?
The first week of 2022 gets off to an inauspicious start as Bitcoin suffered a 10% swing to the downside on Wednesday. Bears sunk the price as low as $42,500 before closing the daily candle marginally higher, at $43,200. Source: BTCUSDT on TradingView.com With that, the Fear and Greed Index moved deeper into extreme fear, …
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What’s behind the rise in employers offering crypto salaries?
As reported by NBC New York, more and more young professionals want to get paid in crypto. And, in a bid to lure and retain talent, forward-thinking employers are meeting this demand. Even price volatility isn’t dampening the enthusiasm to get paid in crypto, leading many to wonder what’s driving this trend. Employers responding to …
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Europe’s Securities Watchdog Seeks Feedback on Regulations Ahead of DLT Pilot
ESMA, the European Securities and Markets Authority, has set out to establish if EU authorities need to amend existing regulations in order to facilitate the trading and settlement of tokenized securities. The regulator is now seeking opinions on the matter ahead of launching a pilot regime for market infrastructures based on distributed ledger technology (DLT). …
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Coinbase Shares Predictions on Future of Ethereum Scalability, Metaverse, Defi, NFTs
Coinbase’s chief product officer has shared some predictions for 2022 regarding Ethereum’s scalability, the metaverse, decentralized finance (defi), non-fungible tokens (NFTs), and more. 2022 Predictions by Coinbase’s Executive Coinbase’s chief product officer, Surojit Chatterjee, shared last week 10 predictions of what the crypto industry holds in 2022. The predictions cover a range of crypto topics, …
Metaversal announce $50 million Series A fund led by Coinfund and Foxhaven
Just as the Metaverse is coming to life, Metaversal announces a $50 million Series A fund co-led by CoinFund and Foxhaven Asset Management. Co-founder and CEO Yossi Hasson expressed his joy at the oversubscribed round in a tweet that also demonstrated the openness of the crypto space and the power of connections. A chance call …
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Ethereum outperformed Bitcoin throughout 2021
It is an unarguable fact that Bitcoin and Ethereum are the two biggest cryptocurrencies in the world today. The battle between these two coins dragged on throughout last year and the silent competition between both assets continues to shape the world of cryptocurrency. Ethereum outperformed Bitcoin throughout 2021 To be specific, based on multiple metrics, …
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Phantom CEO clears the air about the iOS beta launch, as public rollout approaches
Phantom, a self-custodial browser extension and crypto wallet built for Solana, became the ecosystem’s top dog despite lacking a mobile app–hitting 1.8 million monthly active users in just nine months. With the mobile app public rollout approaching, CryptoSlate touched base with Phantom co-founder and CEO, Brandon Millman, who cleared the air about the bumpy iOS …
Canaan expands crypto mining operations in Kazakhstan
Canaan, which is a leading Bitcoin mining hardware company, announced its strategic collaboration with crypto mining firms in Kazakhstan to bolster the joint mining business in the region. Canaan enters into strategic alliances with Kazakh crypto mining firms Canaan on Tuesday announced that it had successfully deployed 10,300 AvalonMiner units in Kazakhstan. As of December …
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Fuel price protests escalate in Kazakhstan causing internet blackout for its Bitcoin miners
Spurred by a sharp rise in fuel prices, raging protests in Kazakhstan brought about a nationwide internet blackout. Following the US, Kazakhstan counts as the second-largest country when it comes to mining Bitcoin–accounting for roughly 18% of the network hash rate. Internet blackout The global internet monitoring group NetBlocks confirmed a “significant disruption to internet …
Sweden leads Europe’s first crypto SPAC, ticker “HODL”
A SPAC, or Special Purpose Acquisition Company, is a company that has no commercial operations and is formed strictly to raise capital through an initial public offering (IPO) for the purpose of acquiring or merging with an existing company. SPACs have been around for decades, but have seen a Cambrian explosion in recent years. In …
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Moneygram Invests in Crypto ATM Operator — CEO Bullish on Opportunities Crypto Offers
Moneygram has completed an investment in cryptocurrency ATM operator Coinme. “At Moneygram, we continue to be bullish on the vast opportunities that exist in the ever-growing world of cryptocurrency,” said the CEO. Moneygram Invests in Crypto Company Coinme Moneygram International Inc. (NASDAQ: MGI) announced Wednesday that the company “has completed a strategic minority investment in …
El Salvador Drafts 20 Bills for Legal Structure of Bitcoin Bonds — Funds to Be Used to Build Bitcoin City, Buy BTC
El Salvador is preparing to introduce 20 bills to provide a legal framework for its upcoming bitcoin bonds. The funds raised will be used to build infrastructure for Bitcoin City and buy more bitcoin, the Salvadoran government explained. El Salvador Drafting Legal Framework for Bitcoin Bonds El Salvador’s finance minister, Alejandro Zelaya, said in an …
Enjin to launch headquarters in Bloktopia metaverse
Enjin, a leading Polkadot project, has announced that it is launching its brand new headquarters in the Bloktopia metaverse. This new space is designed to show off its growing NFT ecosystem and projects. As more and more organizations pour into the metaverse, it is fast becoming trendy to have a dedicated office in the virtual …
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Canaan Expands Mining Operations in Kazakhstan Amid Power Deficit, Protests
Hardware manufacturer Canaan is expanding its crypto mining operations in Kazakhstan. The company is now cooperating with a number of mining firms there and has already deployed over 10,000 pieces of hardware despite the country’s challenges with electricity supply. Increased energy prices have also provoked protests that could potentially affect the industry. Canaan Secures Mining …
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