In a keynote speech at this week’s Wanxiang Blockchain Global Summit in Shanghai, Polkadot (DOT) founder Gavin Wood broke down the four key advantages of the substrate parachain platform, as he predicted that non-decentralized applications will be facing increased regulatory pressure in the future. The network’s heterogeneous multichain architecture approaches fruition, with Polkadot’s first parachain …
Tag archives: Bitcoin
Russia Considers Selling Power to Kazakhstan Amid Deficit Caused by Crypto Miners
State-owned Russian energy giant Inter RAO is now discussing electricity supplies for Kazakhstan where crypto miners have allegedly caused a spike in consumption this year. The country is expecting the power deficit to reach 600 megawatts as demand during the winter increases even further. Kazakhstan Likely to Buy Electricity From Russian Federation to Deal With …
Continue reading “Russia Considers Selling Power to Kazakhstan Amid Deficit Caused by Crypto Miners”
Liquid Craft’s Dragon and Bourbon NFT Series
press release PRESS RELEASE. Today, Liquid Craft has announced the launch date for their first NFT series that is set to go live on Oct 29th at 12 PM PST for presale and Oct 31st 12 PM PST for public sale. The first Liquid Craft NFT series in the roadmap is called Dragons and Bourbon, …
Continue reading “Liquid Craft’s Dragon and Bourbon NFT Series”
Big Miners and Holders Keep Accumulating Bitcoin: Kraken’s ‘Shocktober’ Report
Mining operators and holders keep accumulating Bitcoin, according to the latest Kraken intelligence report, titled “Shocktober.” In the report, several metrics allude to a bullish view for the months to come. In contrast, mining pool contributors and small miners have taken profits, these being more prone to sell due to market movements. ‘Shocktober’ Report Paints …
Continue reading “Big Miners and Holders Keep Accumulating Bitcoin: Kraken’s ‘Shocktober’ Report”
No Plans to Make US Dollar Sole Currency, Zimbabwean Finance Minister Calls Idea ‘Suicidal’
The Zimbabwean Finance Minister, Mthuli Ncube, recently told business leaders that he is not planning to make the U.S. dollar the country’s sole currency again. Government Focused on Strengthening Local Currency Instead of entertaining those calling for the dollarization of the Zimbabwean economy, Ncube suggested his ministry is in fact focused on defending the value …
African-Americans are leading cryptocurrency investments, study shows
A survey poll conducted on 1004 young adults (aged 18-29) by the University of Chicago, has found that approximately 34% of traders were people of color who had actively purchased crypto in the past 12 months. African-Americans and their inclination towards crypto Many African Americans have dived deep into the world of cryptocurrency to search …
Continue reading “African-Americans are leading cryptocurrency investments, study shows”
WOO Network will use Chainlink to launch customized institutional oracles
WOO Network today announced WOOFi, a new capital-efficient DEX powered by institutional hedging and market-making techniques, would be used alongside Chainlink to create institutional-ready market data oracles. Since Spring of 2021, the WOOFi Swap proof of concept on BSC and Polygon has traded nearly $4 billion in volume, demonstrating the effectiveness of the market-making algorithm …
Continue reading “WOO Network will use Chainlink to launch customized institutional oracles”
Permissionless staking and farming comes to Solana (SOL) with Step Finance
Step Finance, the so-termed front page of Solana, has launched the industry’s first farm creator where projects can seamlessly create emissions pools from Step’s website, creating a level playing field for big and small projects and bringing high DeFi yield and earning opportunities to all Solana projects. Easier DeFi on Solana DeFi opens up opportunities …
Continue reading “Permissionless staking and farming comes to Solana (SOL) with Step Finance”
Total Value Locked in Cross-Chain Defi Bridges Exceeds $22 Billion, Jumping 48% in 30 Days
On October 29, the total value locked (TVL) in decentralized finance (defi) protocols is around $243 billion with Curve capturing 7.76% of the dominance. Meanwhile, as ethereum has the largest dominance of TVL in defi, a number of alternative blockchains are seeing significant increases every week. Moreover, the TVL in cross-chain bridge technology has reached …
$100 in Free Bitcoin: NBA Team Dallas Mavericks and Voyager Kick Off Partnership With BTC Bonus
The NBA team Dallas Mavericks has partnered with crypto platform Voyager and is offering its fans a $100 bonus in bitcoin to sign up and trade crypto on the partnered platform. “We’re going to come up with new ways to introduce Mavs fans to cryptocurrency and help them understand it,” said Mark Cuban, the owner …
Ethereum Captures New All-Time Price High — ETH Market Cap Surpasses $510 Billion
Nine days ago, bitcoin reached a new all-time high (ATH) and now the second leading crypto asset ethereum has tapped an ATH on Friday morning. Ethereum reached a high of $4,416 per unit and has since retreated around 2% down from that price position. Ethereum Reaches New All-Time Price High The second-largest crypto market capitalization …
Continue reading “Ethereum Captures New All-Time Price High — ETH Market Cap Surpasses $510 Billion”
What’s powering Ethereum’s (ETH) new all-time high of $4,400?
Ethereum temporarily traded above $4,400 this morning, breaching its previous all-time high of $4,390 before resistance saw it fall to the $4,313 level. ETH trades above its 34-period exponential moving average at press time and forms higher lows and higher highs, showing a bullish trend from the $3,000 level remains intact. Image: ETH/USD via TradingView. …
Continue reading “What’s powering Ethereum’s (ETH) new all-time high of $4,400?”
US SEC said to shy away from levered and inverse Bitcoin futures ETFs
The US Securities and Exchange Commission (SEC) instructed at least one asset manager to shelve plans for a leveraged Bitcoin (BTC) exchange-traded fund (ETF), the Wall Street Journal revealed in a recent report. The regulator signaled it wants to limit new Bitcoin-related investment products to those that provide unleveraged exposure to Bitcoin futures contracts, such …
Continue reading “US SEC said to shy away from levered and inverse Bitcoin futures ETFs”
Pundits ring ‘market top’ alarms as Coinbase crosses TikTok to become top AppStore app
As the number of Shiba Inu (SHIB) retail investors continues to grow, based on its impressive daily trading volume, the “Dogecoin Killer” is currently snuggled up in the second place, between the world’s two largest cryptocurrencies. SHIB’s $43,082,944,240 pumped 24-hour volume puts the meme-based crypto just one step behind Ethereum (ETH), with $123,800,913,800, and one …
Kazakhstan Expects $1.5 Billion From Crypto Mining in 5 Years, Estimates Suggest
Crypto miners now bring more than $230 million into the economy of Kazakhstan each year and estimates show the figure could increase significantly in the future. The industry’s leading organization has projected that the government can collect more than $300 million in taxes over the next five years. Kazakhstan Makes Millions From Cryptocurrency Miners Kazakhstan’s …
Continue reading “Kazakhstan Expects $1.5 Billion From Crypto Mining in 5 Years, Estimates Suggest”