The State of Georgia might become the next hub for cryptocurrency miners as it provides relatively low electricity prices and a large amount of nuclear and solar power, a new coverage revealed. Furthermore, local regulators have shown a friendly stance towards this side of the digital asset industry. Can Georgia Become The Crypto Mining Capital...Read More
Currently, DAI is the fifth-largest stablecoin by market capitalization. Tether (USDT) may have continued to be the market leader after all these years, but DAI has the perk of being open-source and decentralized – something that’s sought after in the DeF community. DAI Ascends According to Makerburn, the total supply of MakerDAO’s DAI, a decentralized...Read More
Investment in the crypto space soared in 2021. Globally, crypto projects attracted over $30 billion, compared to $5.4 billion in 2020. In its Pulse in Fintech report, KPMG points to an “incredible increase in recognition of crypto’s potential in fintech. According to the multinational ‘Big Four’ accounting firm, 2021 saw a surging interest in crypto...Read More
The FBI has arrested a husband and wife in Manhattan for allegedly conspiring to launder swaths of Bitcoin connected to the 2016 Bitfinex exchange hack. According to Reuters, over $3.6 billion worth of the asset has already been recovered by law enforcement. The couple allegedly responsible is Ilya Lichtenstein (34) and Heather Morgan (31). They...Read More
By Indra Rustandi, Nabil Benbada, Yao Ma Arbitrage defined In traditional finance, an arbitrage is an opportunity to make a positive gain with virtually no risk involved by taking advantage of pricing discrepancies that are present in the markets. These pricing discrepancies are an indication that some inefficiencies are present in the markets. Arbitrageurs will...Read More
Traders are once again hoping for a bullish run as a fresh slash of green spread across the entire crypto market. Interestingly, the 50-DMA indicator shows that the cryptocurrency might be in a good shape for further gains. Bitcoin surged to $45,500 today for the first time since January 5th as the cryptocurrency market managed...Read More
The global cryptocurrency market is a cloud that holds numerous networks. While a majority of the networks have been far off the glimmer of the industry. Advertisement Notable ones in the industry, have managed to establish their reign, with distinct and exclusive traits. One such protocol is Polkadot, which has garnered the interests of the...Read More
Open source and decentralized protocol ssv.network has received $10 million in funding from its DAO partners to ramp up the decentralized staking infrastructure for Ethereum 2.0 ahead of the upcoming Merge. ssv.network Receives $10M ssv.network said in a press release that it received the funds through its DAO Partner Program, an initiative the project launched...Read More
After a choppy month that involved whales cashing out and taking profits, the cryptocurrency market rose to a collective valuation above $2 trillion. The market leader – Bitcoin, for one, tested the coveted $45k-level but failed to reclaim it. The Bitcoin Fear and Greed Index essentially demonstrates overall market sentiment towards BTC by taking factors...Read More
MATIC price had yet again dropped below $1.4 and consolidated hard around $1.6 for more than 10 days. With the beginning of the fresh weekly trade, the asset breached through the $1.7 resistance levels to comfortably hover very close to $2. However, the path towards $2 may currently be challenged by the bears and hence...Read More
The world’s largest cryptocurrency exchange, Binance, has signed a Memorandum of Understanding (MoU) in a bid to develop a strategic partnership with prominent South Korean multinational entertainment corporation – YG Entertainment Inc. (YG). Binance – YG’s Strategic Partnership According to the official blog post, the two companies will collectively work on a myriad of blockchain...Read More
Valkyrie’s Bitcoin Miners exchange-traded fund (ETF) has been approved for listing on the U.S. stock exchange Nasdaq Stock Market under the ticker symbol “WGMI.” According to a U.S. Securities and Exchange Commission (SEC) filing on Monday (February 7, 2022), Nasdaq gave approval for the Bitcoin Miners ETF from crypto asset manager Valkyrie to be listed...Read More
As Bitcoin and Ethereum are seeing bullish momentum today, Metaverse crypto coins also show upward price movement. Today’s top-performing Metaverse crypto coin is Planet Sandbox, gaining over 85% in the past 24-hours alone. Let’s look at Planet Sandbox and its token PSB and see why the price is rising so much. What Is Planet Sandbox...Read More
Sam Bankman-Fried’s cryptocurrency exchange, FTX, announced that it will give away free Bitcoin to its fans as part of an advertising campaign during Super Bowl LVI on February 13. The campaign is part of an effort by FTX to gain a more significant brand presence in the more mainstream audience of sports fans – especially...Read More
