Digital Currency, Stock Market, and Investment News from your Reliable Sources Channel
In today’s edition of This Week at Binance (Nov 5—12, 2021): We launched the FC Porto Fan Token, Binance NFT announced an exclusive collection with Hollywood star, Djimon Hounsou, and famous Nigerian painter, LÁOLÚ, and our Binance Affiliate Content Pr…
As NFTs revolutionize the world with their innovative technology, many industries have seen themselves changing rapidly. Some of the biggest growth has been in the gaming space. An increasing number of gamers and crypto investors are finally getting th…
The limit order functionality is a major tool moving the segment forward, narrowing the gap between options offered by CEXs and DEXs.
Terra, an algorithmic stablecoin project, will burn $4.5 billion worth of terra (LUNA), its native token, from its community pool. The decision was taken using the on-chain governance system, and according to proposals 133 and 134, the LUNA will be burned and swapped for the native stablecoin of the chain, UST. This burn is expected […]
Did Steve Hanke find a way out of the hole he’s been digging himself into for all these years? The economist holds the world record for the person with the highest number of terrible Bitcoin takes, with almost 13 years of failed predictions. And now, o…
Over half of the blockchain industry’s overall activity in October came from game dApps.
The post Polygon leads NFT gaming growth while Axie Infinity, Decentraland retain “powerhouse” status appeared first on CryptoSlate.
Investment bank Morgan Stanley has stated the metaverse is now the next big investment theme, in a note directed to investors Thursday. Strategists from the bank believe this alternate conception of reality is amassing important interest from companies like Meta (formerly Facebook) and Microsoft, which are already trying to grasp the concept. Some of these […]
Blockchain has been taking over the world. Currently, one of the hottest and most rewarding platforms happens to be DeFi tools. With so many different projects getting launched every day, it’s difficult to find something with promising quality and easy…
A former CCP official from Jiangxi province allegedly abused his administrative powers to undermine the political principle of “two maintenance,” which relates to the notion of firmly maintaining the authority of the party.
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While bitcoin has been hovering above the $60K handle for a great majority of the last 28 days, the network’s hashrate has jumped considerably during that time as well. Since August 13, Bitcoin’s hashrate has climbed 42% from 110 exahash per second (EH/s) to today’s 157 EH/s. Moreover, after nine consecutive difficulty changes, going forward, […]
In an industry with plenty of fast ascents and precipitous falls, many wondered whether the platform had the staying power to remain a central institution in DeFi lending.
The post Data shows how Aave overtook Compound in DeFi lending appeared first on CryptoSlate.
Random Edge is a transparent, verifiably random, and ultimately fair NFT auction platform that offers a shot at glory for those that participate. Time and time again there have been stories of individuals making life-changing wealth with NFTs. These ki…
A large amount of cryptocurrency has reportedly been withdrawn from a wallet previously controlled by the Finiko Ponzi scheme in Russia. The wallet’s unknown operators have transferred coins worth $48 million this month. The digital currency was split into smaller amounts and deposited to different addresses. 750 BTC Removed From Crypto Pyramid Finiko Wallet A […]
Just two weeks ago Decentraland hosted the first Metaverse Festival with musicians from far and wide taking part in the epic four-day festival of avatars, music, and NFTs.
The post Four Bored Ape Yacht Club NFTs form Gorillaz-like music group appeared first on CryptoSlate.
Indian crypto exchange WazirX reported a significant growth in its user base and trading volume over the year. They claimed the platform’s user base grew to 10 million during 2021, which represents a tenfold increase. WazirX’s 2021 trading volume to date has been around $38 billion, CoinDesk reported, with a month-over-month increase of 44%. They had an important surge of 2,648% in users who registered to the platform from some of India’s largest cities, Mumbai, Delhi, Kolkata, Chennai, Bengaluru, and Hyderabad (Tier II and Tier III), where crypto trading already had reported maturity before with high rates of interest and transactions in users under 35 years. They claimed this healthy growth also saw a great amount of support and interest by women investors in the areas, who had increased 30% to 40% in the user base by September. India reportedly has one of the world’s fastest-growing crypto market, with a 641% yearly increase, according to Chainalysis: Large institutional-sized transfers above $10 million worth of cryptocurrency represent 42% of transactions sent from India-based addresses, versus 28% for Pakistan and 29% for Vietnam. Those numbers suggest that India’s cryptocurrency investors are part of larger, more sophisticated organizations. Related Reading | Indian Investments In Crypto Grow Rapidly As $40 Billion Milestone Is Reached Towards Crypto Literacy In the past year, WazirX has focused on a strategy that aims to grow crypto literacy in India by providing transparency and different sources of education. For this reason, they launched India’s crypto exchange first transparency report last October, where they stated the following: we are committed to spreading the right information to our users by fostering a conducive environment to help them make informed choices. Amongst their efforts, WazirX CEO Nischal Shetty carried a Twitter campaign under the hashtag #IndiaWantsCrypto with the purpose of sharing cryptocurrency insights and creating awareness on the industry, “which generates thousands of jobs, not to mention vast amounts of monetary value.” They have also launched YouTube series, ‘Blockchain Papers’, and a podcast. All to grow the user’s understanding of their platform, clear fears, and misconceptions. They are also collaborating with educational institutions, such as IIT, IIM, and Delhi University. Tackling misinformation and busting misconceptions around crypto is just one of the ways we think will help our users make informed crypto investment decisions. These projects are also meant to open paths between the crypto industry and the country’s policymakers, hoping that more widespread information will help bring regulations. Crypto Exchanges Hope For Regulations Cryptocurrencies adoption has had a rough path in India over the years. The scenario is not clear enough, although many users and crypto exchanges remain hopeful for future regulations to bring clarity and the possibility for growth in the industry. In 2018 the central bank of India banned all cryptocurrencies, which had many responses from investors and exchanges who were affected by the decision. Around that time, WazirX launched WazirX P2P “to help users buy/sell crypto with INR” and carried a 1000-day Twitter campaign “to build a case of why we need to allow crypto to foster innovation”. Then, in March 2020, The Supreme Court of India lifted the Reserve Bank of India’s (RBI) ban and called it “unconstitutional”. The crypto panorama started to soften for India, which allowed WazirX to become one of the country’s largest cryptocurrency exchanges. Discussions around regulations started to arise back then. India’s crypto exchanges and investors participated in off-the-record meetings with law enforcement agencies and banks hoping to reach a point of amicability. The expectations are for the government to classify bitcoin as an asset class and for the Securities and Exchange Board of India to regulate cryptocurrencies and bring clarity, closing the doors to another ban. Currently, the lower house of parliament listed a meeting under the name “Hearing of the views of associations, industry experts on the subject of ‘CryptoFinance’: Opportunities and challenges,” believed to happen in February 2022. Crypto exchanges, like WazirX, were officially included as invitees for the first time around and their hopes continue to raise. Related Reading | Reports Show 45% Surge In Stock And Cryptocurrency Sign-Ups Across Rural Areas In India
Proof-of-work models are evolving to support the growth of Web 3.0. Here’s 3 projects that offer miners substantial rewards for supporting the network.
In mid-June, the ‘Speedy Trial’ lock-in period for the Bitcoin network upgrade Taproot locked in at block height 687,285 and was mined by the bitcoin mining pool Slushpool. Taproot is expected to activate on the network on Saturday, November 13, 2021, and the upgrade is considered one of the largest changes the protocol has seen […]
Popular social media platform, Discord, appears to have shelved its plans of integrating Ethereum and non-fungible tokens into its platform after facing a throng of backlash from community members who were unhappy with this new development.
The post Discord cancels its Ethereum plans days after ETH tease appeared first on CryptoSlate.
News of Elon Musk selling Tesla shares has rocked the market lately. The billionaire had sold a total of 2.15 million shares valued at $5 billion on Thursday. The sale comes after a widely received poll that the Tesla boss had earlier set up on Twitter…
On a daily basis, things shift and news ventures emerge as old ones fade away. Older names in finance, such as MasterCard, are now finding new ways to stay in touch with the future. During an investment community meeting held on November 10th by Maste…
CEO Kosala Hemachandra discussed MyEtherWallet’s first NFT drop and its dedication to “making history.”
“We want to empower the cryptoeconomy to share knowledge and information and learn from each other,” said Coinbase senior product manager Rishav Mukherji.
Some analysts point to Binance’s pause on DOGE withdrawals as the catalyst for the altcoin’s pullback, but data suggests overheated derivatives markets may have been a factor.
ADALend, currently in the process of developing a decentralized financing (DeFi) project has just announced its plans to start the development of its cross-platform integrations very soon. The cross-platform integrations will simplify and allow access to decentralized financial services by a larger segment of users around the globe. ADALend’s GM, Javed Khattak, has earlier announced […]
“By playing-to-earn and learn, our scholars are gaining critical new skills that will shortly be in huge demand by employers setting up shop in the metaverse,” says CGU co-founder Sergei Sergienko.
The poll seems to indicate that crypto investors skew younger and more male than the population as a whole.
Bearish pressures mount against Bitcoin price and this could lead to sharp short-term pullbacks in the prices of many altcoins.
O’Leary claims that he was never a cryptocurrency skeptic in the first place but instead, was pressured by his compliance department to “back-off” on crypto.
Bitcoin exchange reserves are a good way to gauge investor sentiment in the market. It can show when investors are ready to sell, meaning that they believe the asset has hit an overvalued point. Likewise, it can show when investors are holding on to th…
On Friday, November 12, the U.S. Securities and Exchange Commission (SEC) rejected Vaneck’s bitcoin spot market exchange-traded fund (ETF). The U.S. regulator noted that the denial was due to the lack of prevention toward “fraudulent and manipulative acts and practices.” SEC Turns Down Spot Market ETF – US Regulator Believes There Should be More Manipulation […]
The SEC’s rejection of VanEck’s spot Bitcoin ETF application may have influenced Nov. 12’s drop to $62,000, but most traders view the correction as a buying opportunity.
The Costa Rican government yesterday assigned Chia Network to monitor activities of climate change in the region. Chia Network and Costa Rica sign climate change pact According to a memorandum of understanding signed by the blockchain and smart transaction company and the Central American country, the Bram Cohen-led company will offer technical services to the […]
The post Chia Network will help Costa Rica track climate change appeared first on CryptoSlate.
Ethereum Name Service issued its native token, an SEC commissioner published a DeFi opinion piece, and Polkadot’s parachains registered billions of dollars — all coming to you in this week’s Finance Redefined.
In this article you will learn everything about the revolutionary TRON platform and our step-by-step instructions on how to buy TRON (TRX token). Companies like Google, Facebook, Amazon, etc., own and control the data we all generate. Tron aims to solve this problem by eliminating the middleman and allowing content creators to sell their work directly to consumers. In so doing, it uses the features of blockchain technology and peer-to-peer (P2P) networks. Unlike these big tech companies, the Tron cryptocurrency ecosystem compensates content creators for the data and content they create. In addition, Tron’s decentralized distributed storage technology enables creators […]
On-chain data shows Ethereum supply is barely changing anymore following the London hard fork. This means ETH is becoming a scarce asset now.
Following London Fork, Ethereum Supply Rate Of Change Drops To Nearly Zero
As pointed out by a CryptoQuant po…
Two days ago on November 10, a mystery whale transferred 20 block rewards from 2010, which saw the movement of 1,000 decade-old bitcoins worth $68 million at the time of transfer. Two days later on November 12, the miner from 2010 returned once again, in order to transfer another string of 20 block rewards from […]
The SEC said any rule change in favor of approving the ETF would not be “‘designed to prevent fraudulent and manipulative acts and practices” nor “protect investors and the public interest.”
By Rishav Mukherji, Senior Product Manager, CoinbaseMany of our customers are looking for ways to better understand crypto both as an investment and as an app platform, but it can sometimes be challenging to find relevant information at the right time….
Following a harsh clampdown imposed by China on Bitcoin-related transactions, the exiled miners from China found refuge in Kazakhstan to mine Bitcoin without excessive government intervention.
The post Kazakhstan struggles to accommodate new Bitcoin miners amid energy crisis appeared first on CryptoSlate.
AMC has now officially become the first theater chain to accept Bitcoin, Ethereum, and cryptocurrency payments on its platform. This has been a long time coming after CEO Adam Aron had first announced the entertainment giant’s plans to accept crypto pa…
Senior ETF analyst at Bloomberg Eric Balchunas said he gave the odds of the SEC approving the VanEck fund at less than 1%.
Beijing, China, November 12, 2021 – AGM Group is aware of a lawsuit filed by Canaan on November 3, 2021, which names its affiliate HighSharp and Sichuan Yibimei Technology Co. for patent infringement. Canaan has requested both companies halt their inf…
Many analysts agree that the “dynamic support” could boost accumulation sentiment in the ETH market.
Data shows that a spike in Twitter mentions preceded massive price rallies in at least five altcoins.
At the World Digital Mining Summit in Dubai, the leading application-specific integrated circuit (ASIC) bitcoin mining rig manufacturer, Bitmain, revealed the company’s most powerful bitcoin mining device to date. The new Antminer S19 XP will boast up to 140 terahash per second (TH/s) and uses 27% less electricity per terahash than the most efficient and […]
More participation? The approval of the BTC ETF in October exacerbated the trend. “There is a much easier path to gaining this exposure.”
PRESS RELEASE. Sydney, Australia – Cardingo is an NFT series and Cardano NFT marketplace that has secretly been in the works for months. While the world waited for Cardano smart contracts, the Cardingo team busily went to work on a series of NFTs and a unique marketplace to satisfy the tastes of Cardano fans worldwide. […]
Mayor Suarez of Miami has announced a unique way to mainstream Bitcoin.
The post Miami residents could soon receive Bitcoin dividends earned through MiamiCoin appeared first on CryptoSlate.
AMC Theaters now accepts online payments in Bitcoin, Ether, Bitcoin Cash and Litecoin, with Dogecoin coming next.
Check out the top five cryptocurrencies in November 2021 in the continuing bull run will depend on the longevity, track record, technology and adoption rate of the crypto.
The post Top Five Cryptocurrencies to Buy in November 2021 appeared first on WazirX Blog.
“There’s a real recognition that as these payment stablecoins grow, they could grow at internet scale relatively quickly,” Circle CEO said.
It’s a case of “if in doubt, zoom out” this week, as Bitcoin heads for a showdown with Taproot and ETF approvals.
ASPO is a game universe backed by a strong and talented Vietnamese team with the hope of turning P2E games into the future of digital assets. ASPO is currently developing its very first project called ASPO World, a tactics-based game allowing people to…
The decentralized finance (DeFi) community has long awaited the arrival of heavy duty DeFi protocols on Cardano. With the Alonzo hard fork, Cardano is making progress to release smart contract deployment on its blockchain, and the stage has been set fo…
India’s central bank, the Reserve Bank of India (RBI), still has “serious concerns” about cryptocurrency from a macroeconomic and financial stability standpoint. Furthermore, RBI Governor Shaktikanta Das says he doubts the veracity of the number of Indian crypto investors reported by the media. RBI Has Serious Concerns About Crypto, Governor Doubts Veracity of Media Reports […]
Ten times more people have signed up for Coinbase’s upcoming NFT platform than OpenSea had in total over the past 30 days.
Polygon, an Ethereum scaling platform onboarding millions to the Web3, today announces it has contributed $500,000 to incentivize further volume building on SportX, part of the SX Network and the largest prediction market dapp by betting volume across all chains.
The post Polygon contributes $500,000 in MATIC to Ethereum prediction dApp SportX appeared first on CryptoSlate.
Buy, Sell, Trade Ocean Protocol (OCEAN) in the USDT market of WazirX.
The post OCEAN/USDT trading on WazirX appeared first on WazirX Blog.
Having a diversified portfolio is essential for any serious investor. There is a good reason behind the popularity of the phrase, “don’t put all your eggs in one basket” when it comes to assets. One basket, in this case, would be equivalent to investin…
A new study by Protos claims that Tether flow is dominated by just two firms — Alameda Research and Cumberland.
A correction continues for Bitcoin during Friday, but it may not be over yet, and analysts are far from worried.
Lustre’s NFT, titled “Wait for me”, is in the pop-genre and more than 2 and a half minutes in length. It is currently sold for 20 Bn, or $29.62 (P1,480).
The post Nadine Lustre Joins NFT Wave, Launches Rare Audio NFT Collectibles appeared first on BitPinas.
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Most game developers in U.S. and U.K. are now using blockchain elements in their games, according to a study released this week. The study, commissioned by a company named Stratis, reveals that the popularity of blockchain, NFTs, and the new play-to-earn model in the crypto market is making game developers change the traditional ways in […]
Bitcoin has emerged as an effective platform for transforming and developing 3rd World Economies as opposed to traditional financial systems. Here is how.
The post How can Bitcoin transform 3rd World Economies? appeared first on WazirX Blog.
Only 2% of B2B firms have adopted crypto payments so far, while 59% indicated no intention to accept it, one survey says.
The Philippine Stock Exchange, Inc. (PSE) has given the go signal for Solar Philippines Nueva Ecija Corporation (SPNEC) to conduct an initial public offering (IPO) for up to 2.7 billion shares of the company. SPNEC’s IPO shares will be offered at a price of up to Php1.00 apiece while the target offer period is from…
RTB 26 – Notice of Offering RTB 26 – NOO – Annex A – Online Ordering Facility Guidelines RTB 26 – NOO – Annex A-1 – BTr Online Ordering Facility Guidelines RTB 26 – NOO – Annex A-2 – BONDS.PH.Procedure Guidelines RTB 26 – NOO – Annex A-3 – OFB MBA_Procedure Guidelines RTB 26 – continue reading : Retail Treasury Bonds Tranche 26 – Notice of Offering and Annexes
Further, OP Games also has plans to support the creation of 500 games by the end of 2022, nurturing a vibrant community of creators, players and game owners.
The post Filipino-led OPGames Donates $300k to Open Source Game Engines appeared first on BitPinas.
A lot has changed in half a year among derivatives, and Bitcoin price gains are more sustainable as a result, new analysis reasons.
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NFT gaming has exploded in popularity in recent times, despite the sector still being in its infancy. The market opens up a new frontier where crypto enthusiasts can enjoy an exciting gaming ecosystem while receiving rewards simply for participating in…
Ethereum is set to undergo a scheduled upgrade at block number 13,773,000, which should take place around December 8th.
The post Ethereum’s Arrow Glacier upgrade delays Difficulty Bomb until June 2022 appeared first on CryptoSlate.
While Nigerians have seemingly embraced the Central Bank of Nigeria (CBN)’s digital currency, skeptical analysts believe a lack of trust in the government will ultimately limit the e-naira’s prospects for success. Threat From Fintech Startups In addition, some analysts insist the digital currency’s already tenuous position is made worse by the fact that it has […]
Here’s the BitPinas guide on how to buy UNI at Coins.ph, how to swap, what is a decentralized exchange, and an intro to the Uniswap protocol.
The post How to Buy UNI at Coins.ph! appeared first on BitPinas.
Ethereum recovered losses and climbed above $4,700 against the US Dollar. ETH must clear the $4,850 resistance for a move towards the $5,000 level.
Ethereum started a fresh increase above the $4,650 and $4,700 levels.
The price is now trading above $4…
OVR has decided to upgrade its token economics to make its own tokens more rare and valuable. Last May, the OVR team burned about 1 million OVR tokens to celebrate the first six months of the project. Now it is announcing an exciting decision to make token burn an integral part of its token economics. […]
The famed auction house claims it will be the first to accept crypto for a real-time auction of physical art — but other auction houses are not far behind.
The digital metaverse band KINGSHIP will include four cartoon members from the Bored Ape Yacht Club NFT collection, and share the same manager as Snoop Dogg.
While Jason Citron said the NFT feature was in “pre-release” mode, he has now changed his tune after being bombarded with thousands of comments calling on him to drop the plans.
At least Discord knows where it’s standing now. And, with this story, we know how early into the cryptocurrency game we all are. And how misunderstood all of this is by the general public. Discord’s founder and CEO Jason Citron hinted at possible integration with the Ethereum ecosystem, with NFTs, and with the incoming Web3. And all hell broke loose. Related Reading | Top Stars Line Up To Support Environmentally Friendly NFT Platform OneOf Discord fanatics spammed Citron’s replies and canceled their subscriptions to their Nitro premium service. Discord’s own employees took to social media to express their discomfort. Video game culture influencers rallied the masses and gathered hundreds of Likes and Retweets. What were their reasons? Environmental concerns. And that they consider NFTs a scam, that’s also ruining video games somehow. Sight… Let’s unpack all of this. How Did Discord Unveil Their Web3 Plans? Content creator Packy McCormick wrote an incredibly long article about Discord’s history and how it could evolve. Of course, the plan ended with cryptocurrencies, NFTs, their own multichain wallet, and an ill-advised new token. How could it not? It’s obvious that should be the direction that a successful but not entirely profitable company like Discord should go, right? The article concluded: “We strongly believe that the company should follow its users’ pull into web3. The company’s biggest successes to date came when it decided to build the communications infrastructure for gamers; now, it has the opportunity to build a more complete set of tools for this game that we’re all playing all across the internet.” Apparently, McCormick overestimated the crypto movement. Not everybody is playing the game. In fact, some people hate it with a passion. Discord’s Jason Citron replied with an image that showed some kind of integration between the service, Metamask, and WalletConnect. It also featured the Ethereum logo. The popular meme phrase “probably nothing” completed the tweet. probably nothing pic.twitter.com/p4P6MoNGgd — Jason Citron (@jasoncitron) November 8, 2021 The tweet received hundreds of replies. Most of them bashing their plans, denouncing NFTs, and citing environmental concerns. Which is really funny, if you think about it. Discord’s logo is a videogame controller, and that community was their original audience. And playing video games uses orders of magnitude more electricity than all of the blockchains combined. BTC price chart on Bitbay | Source: BTC/USD on TradingView.com Are Discord And Web3 A Match Or Not? They seem to be. If you read the article that started it all, it’s hard to argue with its logic. McCormick said: “The last of these gestures at Discord’s grip on web3. It has undoubtedly become the coordination platform of choice for all manner of projects including NFTs, DAOs, crypto investing groups, and crypto startups. It’s genuinely startling how quickly this has become a norm in the sector.” A huge number of DAOs and NFT projects run their communities on Discord. This seemed like a foolproof bet. Techcrunch even took it a step further: “With MetaMask support, Discord could become a place where people display their NFTs in galleries linked to user profiles or choose “verified” avatar images, with ownership backed up through the blockchain.” So probably nothing = actually nothing pic.twitter.com/IlzIFSWnnL — cobie (@CryptoCobain) November 11, 2021 This is something Twitter Crypto seems to be working on without complaints. How could this have gone so wrong? What makes the Discord community different? McCormick asked: “What would it look like if Bored Ape holders could buy and sell within the same channels they host conversations? What if members of the Bankless DAO could buy new tokens in-line with a discussion about them?” We’ll probably never know. Related Reading | Christie’s Will Auction Original Art From Gary Vee‘s Veefriends NFT Collection The Aftermath People are severely uninformed about cryptocurrencies. Those articles about the environmental risks that blockchains supposedly pose really did a number on them. However, there’s something else going on here. Casting a wide net, the Discord community seems to be technologically driven and one that appreciates art. They should be on the side of NFTs, but they are wildly against the movement. Almost manically. This is the reaction of a 3D artist that works for Discord: I hope leaders can humbly listen the chorus of vehement moral disgust this teaser has already invited. this sincerely does not have to happen. https://t.co/JZZBI2npVs — Kevin Tang (@Yolo_Tengo) November 9, 2021 And this is another Discord employee, who also retweeted these two terrible-terrible takes on the event: kinda cringe ngl https://t.co/hceLj105UN — Kaara ➡️ Forge Ahead (@kaara_raven) November 8, 2021 Where is that rage coming from? Is this just about the environment? Because they work in a tech company, and technology uses dirty electricity. Is this just about scams and money laundering? Because the art world, in general, is built upon scams and money laundering. No, there’s something else here. The crypto world arises a rage in them that shouldn’t be ignored. Check the replies under Citron’s tweets and you’ll see. Just remember how many furries use your platform, and how much money furries have,and how they almost universally hate NFTs and crypto. I would genuinely be surprised if you could show me 5 furries without discord accounts. You do have competition in the market. — Logan Mish 🗝️ (@Mishaniz) November 11, 2021 Speaking about Discord’s CEO, he backpedaled his company’s whole Web3 plan with a PR friendly: “Thanks for all the perspectives everyone. We have no current plans to ship this internal concept. For now we’re focused on protecting users from spam, scams and fraud. Web3 has lots of good but also lots of problems we need to work through at our scale.” And to drive the point home, they told Techcrunch that the screenshot came from a hackathon: “We’re always exploring and hacking away at things we think will improve Discord for all the communities we serve.” Yeah, sure Discord. We believe you. Featured Image: Discord’s Ethereum plans from this tweet | Charts by TradingView
In a document published on Tuesday, Orakuru announced that it will be undergoing its biggest upgrade yet, expanding its development and transitioning to a full-fledged decentralized autonomous organization (DAO).
The post Binance Smart Chain project Orakuru begins its transition to a full-fledged DAO appeared first on CryptoSlate.
The Bank of Botswana (BOB) has said the country does not have a specific legal or regulatory framework pertaining to crypto assets. The bank does, however, warn residents investing in cryptocurrencies that they will have no legal recourse should they suffer financial losses. Central Bank Responding to Public Inquiries In its statement released on November […]
Users have been looking forward to this snapshot for a while but while they’ll be getting BOBA tokens later in the month, the value of their OMG tokens crashed by one third today.
Bitcoin can be a blueprint for others to follow in terms of technical terminology. Here is why!
The post Why is Bitcoin the Perfect Example of What a Crypto Should Be? appeared first on WazirX Blog.
Solana Labs’ co-founder thinks the fight between Ethereum and so-called “ETH Killers” is unnecessary, as the true aim for people working in crypto should be to onboard “every human” onto Web 3.0.
Bitcoin price started a downside correction below $65,000 against the US Dollar. BTC must climb above the 100 hourly SMA and $66,500 to start a fresh increase.
Bitcoin started a downside correction below the $66,000 and $65,000 levels.
The price is no…
An unknown investor has proposed to acquire a 51% stake in Africrypt — the collapsed cryptocurrency investment company — for a purchase price of $5 million. However, in exchange for the offer, the investor wants all criminal proceedings against Africrypt directors dropped. Offer Must Be Supported by 75% of Creditors According to a report by […]
Generation X billionaire businessman Ken Griffin says he thinks the “passion is misplaced when it comes to cryptocurrencies”.
The race to establish America’s biggest crypto hub is intensifying, with Miami emerging as a front-runner by generating millions of dollars in yield from staking Miami Coin.
Global fintech giant Ripple announced that it has launched a new service called the Liquidity Hub.
The post Ripple launches Liquidity Hub for enterprise clients with support for Bitcoin, Ethereum, and others appeared first on CryptoSlate.
Twitter has set up a team to focus on “crypto, blockchains, and other decentralized technologies — including and going beyond cryptocurrencies.” Initially, the team will explore how it can “support the growing interest among creators to use decentralized apps to manage virtual goods and currencies, and to support their work and communities.” Twitter to Focus […]
Merry GCash: Life is G ngayong Pasko! Enjoy discounts and prizes all Christmas long from the #1 e-wallet in the Philippines! November 22, 2021 to January 7, 2022 Promo Mechanics There are 3 main activities that you can enjoy with Merry GCash…
Climate activism via blockchain is becoming a serious topic of discussion among academics and industry professionals as carbon offsets are tokenized.
As a growing number of governments are looking to tap into crypto profits, authorities in Austria have indicated their intention to tax gains from digital asset investments just like those from stocks and bonds. The move is expected to increase trust and access to cryptocurrencies. Austria to Apply Capital Gains Tax to Bitcoin, Make Crypto […]
Crypto Exchange FTX US reported great growth during 2021 third quarter with an average daily trading volume of approximately $360 billion, a 512% jump from the second quarter. FTX US’ user count surged 52% quarter-over-quarter, increased its headcount by 30%, and held about 4.5% of the U.S. crypto spot market’s volume by September 30th, a 2% increase compared to the beginning of the quarter. The company has reached a total value of $25 billion. Related Reading | Solana, FTX, Lightspeed Ventures To Launch $100M Web3 Gaming Fund Brett Harrison, President of FTX US, commented during a Yahoo Finance interview: The trust and support of our user base has allowed FTX US to become the fastest growing and most in-demand crypto exchange in the US, but we have barely scratched the surface. We will continue to improve our existing offerings and rapidly expand into new areas, including derivatives, NFTs, and payment services. Institutions Make 60% Of FTX US’s Trading Volume The growth shows a contrast with the Q3 report from crypto exchange giant Coinbase, which showed a 29.2% drop in their trading volume and a transacting user count decrease of 16%, from 8.8 million to 7.4 million quarter-over-quarter. The main difference between FTX US and Coinbase, Harrison explained, is that the latter sees more retail volume, while 60% of FTX US’s volume comes from institutions like hedge funds, high-frequency and proprietary trading firms. FTX had great brand exposure and marketing strategy during Q3. Harrison stated that the successful numbers are partially owed to the sports partnerships with distinguished athletes such as Tom Brady -and his wife, Gisele Bündchen-, alliances with Major League Baseball and the Miami Heat, as well as the weight of institutional investors in the platform. Harrison commented to a news portal: “We’re now really being able to activate those partnerships and use them to advertise for our brand, to run promotions, to run giveaways and get people excited about signing up for our product,” He also commented on FTX US’s aim to expand into the NFTs ecosystem, having recently launched a Solana-based NFTs marketplace of their own that focuses on providing “simpler, safer and easier tools to remove the barriers (…) to enter the NFT space”. Their NFT project interconnects with the alliances with the athletes: Many of our partnerships with these athletes involve NFTs and intellectual property that can be used for NFTs in some way, to really be able to activate those and bring exclusive NFTs to the FTX marketplace that no one else has, we really want to improve our offering there. Related Reading | FTX CEO Sam Bankman-Fried Reveals Reason Behind Billions Of Dollars Tether Purchase FTX US Role On Crypto Regulatory Policies During the third quarter, attracted by the crypto derivatives trading volume, FTX US acquired LedgerX, now rebranded as FTX US Derivatives. The acquisition has the purpose of offering retail and investors clients licensed crypto futures and options, as well as utilizing it as a shortcut to not spend “what could have been years” to receive licenses. This brought growth of demand from enthusiastic institutional customers. Brett Harrison further commented on the subject: FTX US Derivatives, will enable us to provide licensed crypto futures and options to our retail and institutional customers and has placed us in the unique position to reshape the US derivatives market. To achieve our goals, we will be in constant communication with regulatory agencies and are hoping to play a central role in defining crypto regulatory policy in the US.
According to Chainalysis data the number of DEX’s doubled between Q1 2019 and Q3 2021, while the amount of CEX’s stayed around the same.
Cardano continues going from strength to strength as staking addresses increase by over 100,000 in two months.
The post Cardano (ADA) stakers grow by over 100,000 since September, but much more work still needs doing appeared first on CryptoSlate.
The Cardano Africa tour had been in full gear for a couple of weeks now, ending when Hoskinson had returned back to the States. Founder Charles Hoskinson had announced the tour after the successful launch of smart contracts capability on the blockchain…
Rising U.S. inflation and overblown fears about Evergrande contagion might be factors behind BTC’s recent pullback, but most analysts view the drop as a “necessary retest.”
The recent nerves in the stock market and macro world has caused the dollar to surges to a new 2021 high, just as Bitcoin continues to set new records.
But is the greenback’s awakening a dangerous situation for cryptocurrencies, or is something else a…
Sotheby’s, the British-founded American luxury auction house, has announced the company will be selling Banksy works for real-time bids in ethereum at “The Now Evening Auction” on November 18. While the upcoming auction will have pieces from highly acclaimed artists such as Mark Bradford and Yoshitomo Nara, Banksy’s “Love in the Air” and “Trolley Hunters” […]
Blockchain documentation service Transcrypts announced a partnership with the humanitarian organization on Thursday.
PRESS RELEASE. Welnance, a DeFi protocol built on Binance Smart Chain, is set to launch the first Lao crypto and decentralized product on the 11th of November, 2021. Welnance is a decentralized financial platform that’s aimed at promoting financial freedom and choices for people around the world by offering fast, secure, reliable financial products and […]
The company estimates the completed U.S. facilities will be able to produce 3.7 Bitcoin daily at a cost of roughly $4,000 per BTC.
According to the firm, it mines close to 20 BTC per day.
High level partnerships and a focus on using artificial intelligence and big data to find solutions to complex problems are backing VXV’s quiet climb to new all-time highs.
Foundry, the Digital Currency Group (DCG) subsidiary and cryptocurrency mining and consulting firm from Rochester, New York announced the launch of a new platform on Wednesday called Foundry Staking. The company says the product currently supports 20 blockchain networks and will provide digital asset staking and advisory services going forward. Foundry Launches Staking Services The […]
Elon Musk’s Dogecoin-funded mission is now set to launch in the first quarter of 2022. The launch had been announced in May of this year when the billionaire had tweeted about it. The mission is fully paid for in Doge and will not only be the first cry…
Bitcoin is being used as a fail-safe mechanism during times of natural disaster in Africa.
The post How Bitcoin is helping people at the grassroots level in Africa appeared first on CryptoSlate.
ETH price dropped to $4,400 during the Nov. 11 correction, but data shows traders expect the altcoin to surpass $5,000 soon.
The current social media landscape is based on a time-tested format that only allows fans to interact one way with celebrities. For instance, they can view photos of their favorite celebs, read their opinions, see their videos, and more. However, this …
Though the exchange’s holding company is registered in the Cayman Islands, Binance currently has no formal headquarters anywhere in the world.
On November 10, the non-fungible token (NFT) marketplace Rarible.com and the Rarible protocol announced an integration with the Flow blockchain. The announcement details that Rarible users can now create, list, and trade Flow-based NFTs on the marketplace. Rarible Partners With Flow Blockchain The NFT market Rarible.com and the Rarible protocol have revealed the support of […]
Terra (LUNA) has surged during the past week after a period of consolidation as the network has begun burning the supply of its native token. As of press time, LUNA trades at $51,16 with a 5% loss in the daily chart. Related Reading | Why The Terra Ecosystem Delayed A Major Mainnet Upgrade For Late September Yesterday, before Bitcoin and major cryptocurrencies dropped from new-all times highs, LUNA started a breakout to the upside and seem ready to breakthrough the resistance at $54. However, the rally was spoiled by the flash crash and LUNA was rejected near the mid area around its current levels. The rally seems drive by the implementation of 3 major upgrades on the Terra mainnet. As NewsBTC reported 3 weeks ago, the network was ready to introduce the Colombus-5 and Wormhole v2 with the Inter-Blockchain Communication (IBC) protocol upgrade. The first of these 3 improvements COL-5 was set to implement a deflationary mechanism for LUNA. In addition, the upgrade was designed to increase Terra’s interoperable capabilities. In the past year, tokens with a burning supply system have seen great appreciation. For example, Binance Coin (BNB) rose from the low $50 and reached an all-time high above $600. Ethereum and its recently integrated EIP-1559 is another example. The network changed its fee model to burn a portion of ETH with each transaction. LUNA could follow a similar path with $80 as a potential reasonable target for LUNA in the short term but could record further gains above $100 and join Solana (SOL) as one of the top performers in 2021. Investor Daniel Cheung has been very bullish on Terra (LUNA) and its ecosystem due to its potential to disrupt the stablecoin sector. Upon launch of the burning mechanism, Cheung said: Thesis for $LUNA is playing out; $140 price target in the short term still holds. Long term, Terra is one of the few protocols with the potential to be in the trillion-dollar market cap range given TAM for stable coins is infinite. 🔥has started Parabolic pic.twitter.com/Yi1FSTZjSz — Do Kwon 🌖 (@stablekwon) November 10, 2021 Terra (LUNA) Started Its Moon Phase? With Bitcoin moving sideways after the crash, the altcoin market could take the opportunity to diminish the BTC dominance. For LUNA this could translate into price discovery. Related Reading | Why Terra (LUNA) Will Reward Users With New Community Bounty Program To achieve this goal, LUNA must reclaim $54 and smash through the resistance at $56 with a potential short-term price target at $60. Cheung added the following on LUNA’s potential to enter the top 10 by market cap, the current phase of the bull run, and the asset’s fundamentals: It is important to learn to zoom out on the charts. $LUNA & $SOL are amazing buying oppts here, bullish structure still very strong and story continues to get better here. The run is not over yet and both will go parabolic soon. Best assets always have bids.
“Our long-term vision is to create a currency that is stronger than any fiat currency that exists now,” said Reserve community manager Yens Michiels.
Social media giant Twitter has announced the formulation of a crypto unit to manage its blockchain and crypto-related divisions.
The post Twitter announces a crypto team to work on dApps and NFTs appeared first on CryptoSlate.
After raising $440,000 selling NFTs on Binance, the Hermitage is now curious if NFTs are about the art, or rather just the money.
US Dollar Coin (USDC) is a stablecoin—a cryptocurrency token pegged to the value of a real-world asset, the U.S. Dollar. The stablecoin market is one of the most interesting ecosystems in the cryptocurrency space, and stablecoins have become a trendy asset class. They are backed by fiat currencies, and most prominently, the dollar. Their stable value has made stablecoins attractive for investors. Read on to learn everything you need to know about USDC and how to buy USD coin USDC. What Is USD Coin (USDC) The U.S. Dollar Coin is a stablecoin and dollar-denominated cryptocurrency that runs on the Ethereum […]
Q3 was a volatile period for digital assets as Bitcoin wicked below $30,000 and the total crypto market capitalization shed half its value.
