Cryptocurrency exchanges will supposedly not promote their products and services during Super Bowl LVII this Sunday (February 12). The bear market in 2022 shook the industry to its core, wiping out close to $2 trillion and causing multiple bankruptcies. One of the most active advertisers at last year’s Super Bowl was FTX, whose demise in...Read More
The US-based cryptocurrency miner TeraWulf produced 157 BTC in January, a 25.6% increase compared to December. Snow blizzards towards the end of 2022 crippled its operations and increased electricity bills. The weather normalized in January, hence the better production results. Expansion Plans for 2023 TeraWulf boosted its mining activities with an increased number of machinery...Read More
Binance, the biggest exchange in crypto, seeks to revive trust in the industry after an onslaught of hacks and scams that ravaged its reputation last year. The company is helping bring together a consortium of fellow businesses intent on proving how well the space can cooperate with regulators. Bringing Back Trust As reported by CoinDesk,...Read More
As the Securities and Exchange Commission (SEC) continues vying for regulatory presence over the crypto market, a high-profile industry lawsuit looks poised to answer more questions about how far its authority should reach. Lawyers defending Ishan Wahi – a former Coinbase manager accused of insider trading – are challenging the SEC’s claim that a list...Read More
The crypto market has been quite fluctuating lately, especially Bitcoin which is hovering around $23,000 and $22,000 area. The King currency had opened the day on a brighter note, but ended on a bearish trend as the currency has once again dropped towards $22,000 level. At the time of writing, Bitcoin is valued at $22,826...Read More
The single edition non-fungible token (NFT) of professional basketball star Giannis Antetokounmpo was sold for 113.9 ETH ($187,000) on Sorare NBA over the weekend. Sorare NBA is a licensed NFT-driven fantasy basketball game, and the sale set a new milestone, being the platform’s highest single transaction since its launch in October 2022. The 1/1 Antetokounmpo...Read More
Dubai’s Virtual Assets Regulatory Authority (VARA) prohibited all activities involving privacy coins such as Monero (XMR) and Zcash (ZEC). The regulator has also enforced certain rules on the domestic cryptocurrency sector to turn the city into an “international hub for virtual assets.” Dubai’s new Policy According to the recently released document, operations with anonymity-enhancing digital assets...Read More
Abstract: Recently usage of “Ordinals”, a system where one can embed image data into the Bitcoin blockchain has increased. In this brief piece, based on blockchain data, we analyse the growth of the Ordinals system. Up until 7 February 2023, we have identified over 13,000 of these transactions, which take up 526MB of Bitcoin blockspace....Read More
Input Output Global (IOG), the organization behind the Cardano blockchain, has launched the public testnet of its proof-of-concept Ethereum virtual machine (EVM)-compatible sidechain. The launch follows an announcement last month about the release of a new toolkit for developers to deploy custom sidechains on the Cardano network. A Proof-of-Concept EVM Sidechain According to an official...Read More
[PRESS RELEASE – Brazil, São José dos Campos, 7th February 2023] Brazilian company Wiboo has extended the utility of its Wibx token, adding new use cases. The token already supports a user base of more than half a million people. Wiboo is an emerging company whose mission is to decentralize the power of digital marketing....Read More
[PRESS RELEASE – Los Angeles, United States, 7th February 2023] DeSo is excited to announce the launch of MegaSwap – a revolutionary, cross-chain smart service that enables users to securely and easily swap coins between different blockchains with a frictionless zero-login. MegaSwap solves various critical pain points, including onboarding new users and liquidity to any...Read More
The company behind the play-to-earn blockchain game – Sandbox – signed a Memorandum of Understanding (MOU) with the Saudi Arabia Digital Government Authority (DGA) to incite developments in the Metaverse space. The native token of the platform – SAND – climbed to $0.91 shortly after the announcement, a 27% increase compared to yesterday’s figures. Sebastien...Read More
Bitcoin is the world’s largest and most popular cryptocurrency, and the protocol is known for its decentralized nature and secure transactions. However, despite its widespread adoption, Bitcoin lacks one crucial feature – the ability to execute smart contracts. Smart contracts allow for automated transactions, enabling the creation of decentralized applications (dApps) and decentralized finance (DeFi)...Read More
On Feb. 7, the Bank of England and the HM Treasury department published a consultation paper on the “digital pound,” a UK central bank digital currency. It added that the CBDC would be subject to rigorous privacy and data protection standards. “It would be privacy-enhancing by design and would allow users to make choices about...Read More
Every year is unique in the crypto space, with new tokens emerging and attracting attention from traders and investors worldwide. Well, in this sense 2023 is no different. There are some pretty interesting new names in the crypto sphere that we think you should keep in mind. Although Bitcoin staged a decent rally in January,...Read More
The Singapore-based cryptocurrency platform Juno announced that all services are “now up and running again.” It increased daily withdrawal limits at the beginning of the year and urged customers to transfer their holdings into self-custody wallets, citing issues with its previous custodian partner – Wyre. Back on Track Juno temporarily halted cryptocurrency purchases on its platform in...Read More
BitMEX co-founder and macro-market analyst Arthur Hayes is deploying his dry powder into Bitcoin sooner than previously planned, according to his latest blog post. Hayes argued that despite his fears of a future crypto market retracement, there is still an opportunity to profit now from the ongoing risk asset rally that began last month. The...Read More
