Data from proof-of-stake research platform Staking Rewards shows Cardano is the most staked chain, by value, in the cryptocurrency space. The Cardano network currently hosts $29.7 billion of ADA staked. While the next nearest token, Ethereum, comes in at a significantly lower $12.3 billion. @StakingRewards on Twitter.com However, staked value is a somewhat one-dimension metric …
Continue reading “Cardano (ADA) retains its spot as the most ‘staked’ crypto”
This week’s CryptoNites episode saw host Alex Fazel catch up with crypto trader, investor, and popular YouTuber Jack Skipp to discuss all things Bitcoin, trading, and price predictions for 2021. Skipp, who goes by ‘CryptoJack’ and is followed by over 118,000 followers on YouTube alone, started his crypto career over three years ago after formally …
Continue reading “DeFi, leverage trading, and Bitcoin ‘to $1 million’ with CryptoJack”
During the first week of April, the publicly-listed gaming and internet company The9 Limited revealed its intentions to purchase 2,000 Avalonminers from the manufacturer Canaan. On Monday, The9 announced it has signed a hosting agreement with the Russian-based firm Bitriver as the company will leverage 15 megawatts (MW) of Bitriver’s capacity for two years. The9 …
The cryptocurrency community has been discussing the Bitcoinsv network as a mining pool called Taal has well over 51% of the hashrate. Data from the analytical crypto website Coin Dance shows the mining pool Taal commands over 78% of the network’s hashrate during the last 24 hours. On Tuesday, the European cold storage provider, Gravity, …
Greenidge Generation Holdings Inc., the mining firm based in Upstate New York, has announced the company has partnered with the Digital Currency Group mining and staking subsidiary Foundry Digital LLC. Furthermore, Greenidge revealed that it has purchased 2,300 Microbt-manufactured Whatsminer M30S mining rigs and also secured financing for 6,000 Bitmain-made Antminer S19 devices. Greenidge Partners …
Continue reading “Greenidge Joins Foundry USA, Deal Gives Bitcoin’s Fifth-Largest Pool 800 Petahash”
CryptoSlate recently had the chance to chat with Ganesh Swami, the CEO of Covalent, a venture-funded blockchain data analytics company, and 13-year-old Gajesh Naik, a crypto and web3 developer who shot to fame after building several DeFi tools and protocols. Gajesh is the founder of PolyGaj which currently holds $2 million in TVL. He’s joining …
Eastern China’s Anhui province became the latest regional county to ban Bitcoin mining in the country, weeks after the government unleashed a harsh plan to stamp out the activity in the nation, reported news outlet Reuters this morning. Anhui stamps out crypto mines Anhui, known among tourists for its low-hanging clouds, distinctive granite rocks, and …
Continue reading “China’s Anhui province begins its clampdown on Bitcoin (BTC) mining”
Crypto research firm Quantum Economics has signed on to advise the rapidly growing 1inch Network, which unites various decentralized protocols to help build the future of DeFi. Quantum Economics is a FinTech research, advisory, and money management firm led by Mati Greenspan, formerly of eToro. Their staff includes some of the most knowledgeable and experienced …
Continue reading “1inch Network signs up Quantum Economics in new advisory partnership”
Anhui has reportedly become China’s latest region planning to end cryptocurrency mining. The province is going to shut down all mining facilities due to power supply shortages, according to local media. Another source revealed that the state-run network operator has issued a closure notice for bitcoin farms across the country. Anhui to Halt Bitcoin Mining …
South Korea is deliberating on four crypto-related bills for the regulation of cryptocurrencies. “We are currently doing groundwork by searching for and analyzing data on 578 coins that have various forms,” the chairman of the country’s top financial regulator reportedly said. South Korea Prepares to Regulate Crypto Industry The South Korean National Assembly’s National Policy …
Continue reading “South Korean Regulator Analyzing 578 Cryptocurrencies”
In a follow-up to Tanzanian President Samia Suluhu Hassan’s call for cryptocurrency action, a government minister has now announced plans to set up a crypto advisory team. This team, according to the Information and Communication Technology (ICT) minister Faustine Ndugulile, will consist of not more than 10 experts. Advisory Team to Be Set Up in …
Representatives of law enforcement agencies and academia in Shanghai held a seminar devoted to cryptocurrencies, regulations, and the combating of crypto-related crime. Determining “the legal attributes of virtual currency” was among the main topics at the forum which also focused on matters of financial supervision. Prosecutors and Professors Discuss Crypto Oversight in Shanghai Amid an …
Continue reading “Shanghai Law Enforcement Officials, Scholars Talk Cryptocurrency”
The new policy organization, DeFi Education Fund, focused on promoting decentralized finance (DeFi) education and advocacy were supported through the Ethereum (ETH) DeFi protocol Uniswap and it deployed half of the funds received from the protocol’s treasury in a single transaction. The fund was formed with 1 million Uniswap (UNI), after receiving support from the …
The crypto market took a turn for the worse today yet again as literally all top 100 cryptocurrencies—except stablecoins—have plunged into the red zone across the board. At the time of writing, Bitcoin (BTC) slipped below the 32,000 mark, trading at around 31,900, down 3.5% on the day, according to crypto metrics platform CoinGecko. Ethereum …
Continue reading “Bitcoin, Dogecoin, all coins fall amid sudden crypto market pullback”
Save the Children in Rwanda recently became the latest member of the NGO community to endorse cryptocurrencies after it announced the establishment of a partnership agreement with the Cardano Foundation. ADA Donations According to a statement released by parties to the project, this arrangement became possible after Cardano “installed a payment gateway that allows ADA …
