UK-based blockchain company Millicent has received government funding in the form of a UK Research, and Innovation (UKRI) Innovate UK Smart Award. The project aims to assist in the nation’s strives to launch a central bank digital currency. Millicent’s UK Funding Based in London, England, Millicent is a blockchain-powered firm promising to rewrite “the code...Read More
The Bitcoin price is manifesting a huge possibility of expanding all its gains and eventually leading towards the said target above $40,000 shortly. The on-chain metrics say that despite the asset hitting the lower support a couple of times, the probability of soaring is not completely vanished. The BTC price may hover close to $40,000...Read More
The 1inch Network launched a new investment tool called 1inch Earn, in hopes of incentivizing liquidity providers. The protocol asserted in a press release shared with CryptoPotato that the new feature will provide more efficient use of capital compared to AMM pools. How Does 1inch Earn Liquidity Pool Work? A set of liquidity pools optimized...Read More
The American video game retailer – GameStop Corp. – partnered with Immutable X Pty Limited (a scaling solution for non-fungible tokens) to establish an NFT marketplace. As part of the deal, both parties created a $100 million fund. GameStop With an NFT Marketplace According to GameStop’s announcement, Immutable X will become a layer-2 partner for...Read More
El Salvador – the first country to make Bitcoin legal tender – is now home to a Bitcoin education center. It aims to boost familiarity with the technology and benefits of cryptocurrency among a population still scratching their heads over it. Educating El Salvador The new center has been launched by Paxful – a peer-to-peer...Read More
The cryptosphere’s periphery pursues to remain under the sight of the bears, as the stable bulls remain far from sight. Advertisement Amidst the prolonging market cycle, crypto folks have been losing hopes on mainstream alts such as ETH, ADA, and SOL. Wherefore, hopes are now pinned on the kingpin Bitcoin, to initiate a bull run. ...Read More
By Bipul Sinha, Senior Product Manager, Coinbase With tax season officially underway, customers expecting a refund might be wondering what to do with their extra cash. Now, Coinbase customers can get tax refunds automatically deposited into Coinbase as USD, where it can be immediately converted into crypto, when they file with TurboTax. Customers will receive...Read More
While the Federal Reserve continues to threaten interest rate hikes amid rising inflation, the ECB has taken a different approach. Bank President Christine Lagarde stated they will “not rush into a decision,” deeming inflation as merely a short-term problem. Interest Rates Remain Unchanged As reported by CNBC, the ECB’s refinancing rate will remain at 0%....Read More
Wormhole Bridge is back up with developers claiming that all funds are restored following the $320 million hack. Wormhole, a cross-chain bridge from Solana to other networks, suffered a major breach on Wednesday. Hackers managed to take control of 120,000 wrapped Ether worth $320 million. The breach impacted all users that held Ethereum tokens (wETH)...Read More
The United States Internal Revenue Service (IRS) could stop taxing digital assets obtained through staking. The agency added that it will refund the tax paid by a Nashville couple on tokens they had earned via staking on the Tezos network. IRS to Refund Tax Paid on Staked Tokens According to a Forbes report on Thursday,...Read More
[PRESS RELEASE – Panama, Panama City, 3rd February 2022] DROPP, an NFT-based project, is developing geo-location technology that will bring the metaverse to the real world. The platform adds a new dimension to the virtual world, allowing users to interact with simulated 3D objects/environments in the real world. DROPP offers users an interactive platform where...Read More
[PRESS RELEASE – Cheyenne, Wyoming, 2nd February 2022] FriesDAO, a decentralized autonomous organization is testing whether an open community can successfully run a real-world, fast food enterprise. Intending to bridge real world assets into DeFi and on-chain platforms, friesDAO is the result of like-minded individuals who believe that traditional businesses can accommodate blockchain-based governance. Members...Read More
Abstract: In this report we look at address re-use in Bitcoin. Address re-use is generally considered as a bad privacy practice and unfortunately it remains at an elevated level. Currently around 50% of transaction outputs are sent to previously used addresses. Although the situation has improved somewhat since 2013, when the 75% level was breached....Read More
Meta, the parent company of the social media giant Facebook, saw its shares plunge in the after-hours trading session. This comes as the company released its Q4 2021 report. Meta, formerly-known as Facebook, posted its Q4 financial report on Wednesday, and the results came short of analysts’ expectations. Facebook’s global daily active users decreased from...Read More
The crypto business’s congestion-ridden blockchain continues to stifle its limitations. Despite holding a firm grip on fundamentals and utility, the congestion in the network has been a thorn in the side. The recent scuffle although on an application and not on the network has fumed the masses in the fraternity. Advertisement Successively, the popular blockchain...Read More
After a crypto bear market in January, this month is starting on a good note, with many Metaverse crypto coins seeing significant price gains in the past couple of days. Today, we’re looking at a recently released Metaverse crypto coin on CoinMarketCap that gained over 50% in the past 24 hours. Let’s take a closer...Read More
A Solana bridge called Wormhole has been exploited for as much as $320 million according to reports emerging on Feb. 3. The team posted a notice that the bridge had been hacked losing 120,000 wrapped ETH valued at around $320 million at the time. It added that ETH will be added to ensure the wrapped...Read More
