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Following concerns raised by Tesla CEO Elon Musk about Bitcoin’s energy consumption, global asset manager Ark Investment Management explained that the concerns are “misguided. ” Referring to its research using real-world data, the investment firm emphasized that “the impact of bitcoin mining could become a net positive to the environment. origin »
Polygon, a multichain scalability platform for Ethereum, has added no less than 75,000 new users over the past week, according to data from DappRadar. DeFi Users Flock To Polygon The 75,000 users refer to the new active wallets that interacted with the decentralized applications (DApps) from the top 20 Polygon apps. origin »
Cryptocurrencies have become a hot topic when it comes to investments. Even the institutional space has taken notice of the emerging asset class, and as such, demand has been soaring. The Spanish financial regulator is the latest to make a move in this regard and has given the green light to institutional investors, permitting themRead More origin »
P2P location-based data network XYO debuted on ProBit Global on May 17 to expand its wide scope of sentinel devices across Asia. The beacon-based cryptographic protocol has already established over 1M devices for accurate item tracking fueled by proof of origin and a decentralized ledger for pinpoint time and location accuracy. While oracles are commonly […] origin »
Panic settles fast in the cryptocurrency industry. The collective market declined by 4% over the past 24 hours but the actual correction has amounted to over 20% since May 20. While Bitcoin struggled The post Bitcoin, Ethereum and alt markets: Here's the silver lining traders need to know appeared first on AMBCrypto. origin »
PARSIQ has allied with Autonio to integrate PARSIQ’s technology into the rapidly developing Autonio ecosystem. PARSIQ and Autonio Ink Strategic partnership According to an announcement made today, blockchain monitoring and workflow automation platform PARSIQ stated that it had partnered with decentralized autonomous organization Autonio Foundation to deploy its Smart Triggers technology into Autonio’s NIOX tradingRead More origin »
May 17th, 2021, Moscow, Russia — From the Foundation of the Sorceress Project and IOBC, a team of prominent Polkadot developers announces the launch of the Sorceress Protocol, the first multi-chain, parallel oracle protocol and Decentralized Autonomous Organisation (DAO) serving to optimize the Polkadot ecosystem. origin »
May 17th, 2021, Moscow, Russia — From the Foundation of the Sorceress Project and IOBC, a team of prominent Polkadot developers announces the launch of the Sorceress Protocol, the first multi-chain, parallel oracle protocol and Decentralized Autonomous Organisation (DAO) serving to optimize the Polkadot ecosystem. origin »
Bitwise Asset Management listed its debut ETF on NYSE Arca last week via a partnership with Exchange Traded Concepts. The newly launched Bitwise Crypto Industry Innovators ETF (BITQ US) enables investors to put their money, not in the cryptocurrencies, but in the companies that provide infrastructure to the industry at large. origin »
The past week was an opportunity for many Bitcoin buyers to escape the bear market, but it was also an opportunity for long-term holders to buy the dip. For the altcoin market, it was an opportunity for investors to also buy the altcoin dip, but just around the corner were scammers who also had the […] origin »
The community has approved a proposal to allow for Parachain deployment in Kusama, Gavin Wood, the founder of Polkadot and Kusama, confirmed via a tweet on May 17. Parachains in Kusama Lauded The decision has been lauded as a step in the right direction for the project and Polkadot by extension. In the next twoRead More origin »
During the first three months of 2021, the cryptocurrency ethereum has shined as 90-day statistics highlight the digital asset has climbed close to 80% in value. On Monday, former Ark Invest analyst James Wang published a detailed summary highlighting the Ethereum project’s first-quarter financial results. origin »
Bank of America has joined with Paxos Blockchain Stock Settlement Network in the latest sign that Wall Street is inching closer to crypto. The post Second-Biggest US Bank Joins Paxos’s Blockchain Stock Settlement Network appeared first on BeInCrypto. origin »
Mike Novogratz’s Galaxy Digital reported a profitable Q1 2021 with $860.2 million in net comprehensive income, a complete turnaround from the $27 million loss in Q1 2020. Novogratz, founder, and CEO of Galaxy Digital said, “Galaxy Digital reported another consecutive record quarter, as net comprehensive income grew to $860 million from $336 million in the […] The post Galaxy Digital Reports 0M in Net Income in Q1 2021 and Surpasses Billion in AUM first appeared on BitcoinExchangeGuide. origin »
CryptoNinjas » Pundi X using Chainlink to secure its crypto payment platform’s reward distributions Pundi X, a blockchain-based point-of-sale payment solution and decentralized finance (DeFi) platform developer, today announced that it has successfully integrated Chainlink Price Feeds, a decentralized oracle network making real-time asset prices accessible on-chain for smart contracts. origin »
Data from DappRadar shows rapid uptake of Polygon-based decentralized applications. The network now has 93 functioning DApps, up considerably over the past four weeks. origin »
Last week was a rough one for the cryptocurrency market. But as it appears, the new week could get even rougher as the Elon Musk versus Bitcoin saga continues. In many different tweets, Musk has revealed why he prioritizes Dogecoin over Bitcoin. origin »
CNBC host Jim Cramer questioned the merits of the recently announced merger of AT&T’s (NYSE: T) WarnerMedia business segment and Discovery (NASDAQ: DISCA), today morning. He also shared his opinion on the recent bout of volatility in Bitcoin caused by the tweets of Tesla CEO Elon Musk. origin »
The price of bitcoin has dropped to a new low for the month of May, sliding to $42,100 per unit during Monday evening’s trading sessions. While a few analysts see bitcoin rebounding and gathering new highs in the coming weeks, a few crypto market strategists believe bitcoin prices could sink much lower than today’s current […] origin »
Bitcoin's recent bloodbath gave way to a lot of speculations, doubts, mixed emotions in the crypto community. With Bitcoin's recent decline, altcoins rose to a 3-year dominance high with a consolidateThe post Trader lays out 2 possible price scenarios for Bitcoin post its crash; Can Alts like ETH, LTC, ADA, etc, take advantage? appeared first on AMBCrypto. origin »
One of the fastest-growing blockchain platforms utilized by crypto traders is leading the world in terms of energy efficiency, bringing some of the lowest kWh used per transaction available anywhere on the globe today. origin »
The Iranian government has introduced a new policy against cryptocurrency miners who use household electricity for their mining activities. Iran to Crackdown on Illegal Mining Activities According to Tehran Times on Sunday, (Amy 16, 2021), a spokesperson for Iran’s Ministry of Energy, Mostafa Rajabi Mashhadi, said that the government would impose a hefty fine onRead More origin »
The Bitcoin market has been on a downtrend and the altcoin market has been mirroring its losses. The markets of Litecoin [LTC], Monero [XMR], and Ethereum Classic [ETC] have been highlighting a similaThe post Litecoin, Monero, Ethereum Classic Price Analysis: 17 May appeared first on AMBCrypto. origin »
While it has decreased since, it is still trading above long-term support, trying to initiate a bounce. The post LTC Gets Hit Hard by Correction — Will It Bounce? appeared first on BeInCrypto. origin »
Coinspeaker BENQI Integrates Chainlink Price Feeds on Avalanche Mainnet to Secure Lending Protocol BENQI, an algorithmic money market protocol built on Avalanche’s C-Chain, is integrating Chainlink Price Feeds to ensure security of its protocol and resilience against flash loan attacks. origin »
The Spanish financial regulator is easing the entity’s tough stance towards cryptocurrencies by announcing an unprecedented measure that green lights institutional investors to enter into such business decisions. origin »
Elon Musk puts to bed rumors that Tesla has sold its remaining Bitcoin holdings. The comments came following his second attack on the leading cryptocurrency. This time, he called out the dominance of Chinese mining pools in a now-deleted tweet. origin »
If the NFT hype is to ever come to a halt, it certainly seems like it won’t be in 2021. The investment and interest from both the finance and the retail world, combined with collectors’ fever to assemble non-fungible-tokens, has propelled NFTs into what seems like an overnight success. origin »
Dapps are continuing to shine recently. As if the chart wasn’t enough to convince you, $MATIC has been a star performer too. Data released this week from DappRadar shows a substantial uptick in Polygon-based decentralized applications. origin »
COIN, MARA, RIOT and other blockchain-related stocks continue to slide as Bitcoin struggles to hold above $43,000.
origin »U. S financial giant Bank of America has joined the Paxos Settlement Service to use blockchain technology to achieve same-day settlement of stock trades. Bank of America to Settle Stock Trades Using Paxos Blockchain Solution This development was revealed by media outlet Bloomberg on Monday. origin »
With a fresh influx of capital, Revuto is accelerating its decentralized subscription payment management app development. Built on the Cardano blockchain, the app is designed to offer more controls to users. origin »
IOHK CEO Charles Hoskinson recorded a step-by-step video on Twitter for Tesla CEO Elon Musk to help him fix Dogecoin. Musk has been at the forefront to make the coin more efficient by talking to its developers. origin »
Coinbase saw its stock dive beneath its direct listing reference price of $250 for the first time this Monday on the back of a tweet coming from Tesla and SpaceX CEO Elon Musk that prompted a sell-off in bitcoin and various other digital currencies. origin »
Users of the popular exchange can now access their cryptocurrency DApps directly through the Google Chrome browser.
origin »In what is the latest salvo in the relentless legal battle between the United States SEC and Ripple Labs, the plaintiffs have now responded to the defendants' reply to Attorney John Deaton and XRP HolThe post Here's what the SEC thinks about Ripple's support for XRP Holders' 'limited participation' appeared first on AMBCrypto. origin »
This time really seems to be different as Bitcoin and Ether consolidate while DeFi is enjoying another summer. The second-largest cryptocurrency is hovering around $3,500 following its correction to $3,100 on Coinbase on Monday. origin »
Minnesota congressman Tom Emmer has introduced the Safe Harbor bill to protect taxpayers with Forked Assets Act from Internal Revenue Service (IRS) penalties. The post US Congressman Creates Tax ‘Safe Harbor’ for Crypto Users appeared first on BeInCrypto. origin »
Joining the Paxos Settlement Service could allow many Bank of America customers to settle stock trades in minutes rather than days. origin »
A Wells Fargo analyst has predicted the largest “reduction in U. S. bank headcount in history. ” Banks are expected to cut 200,000 jobs as they strive to improve productivity and efficiency amid rising competition from fintech and non-bank financial institutions. origin »
Nearly a quarter of young, new crypto investors are actively investing in meme-driven cryptocurrencies like Dogecoin, a survey by betting app Gamblers Pick found recently. The post 23% of Gen Z is investing in memes like Dogecoin (only 9% in NFTs) appeared first on CryptoSlate. origin »
CryptoNinjas » DEX platform WasabiX to utilize Bluzelle’s decentralized oracle for on-chain DeFi activity Bluzelle, a decentralized data network, today announced its latest partnership with WasabiX, a cross-chain yield-backed synthetic asset & AMM DEX platform. origin »
The cryptocurrency sector traded mostly in the red on Monday while Bitcoin and Ethereum officially entered into a bear market. A bear market is defined as a decline of at least 20% from the all-time highs. origin »
SimpleFX is one of the leading trading applications that has been around since 2014. The platform holds the distinction for being the first of the online brokers to offer cryptocurrency trading accounts. origin »
Meanwhile, the US dollar is sliding, working on hitting fresh lows for the year, after Dallas Federal Reserve President Robert Kaplan reiterated that he does not expect rates to increase until next year, meaning US monetary policy will remain easy. origin »
A group of chartists from Wall Street expects the current Bitcoin correction to continue, taking BTC down to the $40,000 level origin »
Uniswap projected further losses in case of a break below 36.5-$34.4 support. THETA's cut-off point for bullish control lay between $7.88 and $8.44. Finally, Tron traded within a descending triangle aThe post Uniswap, THETA, Tron Price Analysis: 17 May appeared first on AMBCrypto. origin »
The price of bitcoin has tumbled over 25% in the last seven days, hitting a low of $42,025 over the weekend, as investors took profits en masse. Bitcoin, as well as peers such as Ethereum which have also slumped by similar amounts in the last week, has sold off after a staggering run year-to-date which […] origin »
A recent survey by market research company YouGov in the United Arab Emirates (UAE) found young Emiratis were overall ‘more bullish’ than Western expats about the opportunities in the crypto market. origin »
When the altcoin bloodbath went down over the weekend, following Bitcoin's plunge, Binance Coin, Litecoin and Bitcoin Cash ended up being the most affected altcoins in the top 20. The prices of these The post Binance Coin, Litecoin and Bitcoin Cash: These alts are ideal for this move by traders appeared first on AMBCrypto. origin »
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