The growth of the stablecoin sector within crypto has been one of the most impactful developments of 2021. In particular, stablecoins became integral to the expanding decentralized finance (DeFi) ecosystem as their total value eclipsed $162 billion, according to CoinMarketCap. One project that has seen its token price surge thanks to its focus on stablecoins and the Curve Finance (CRV)…
At the end of May, crypto advocates discovered a website created by the video game retailer Gamestop. The web portal disclosed that Gamestop was entering the world of blockchain tech and non-fungible token (NFT) assets. Gamestop’s NFT web portal has recently been updated and is requesting creators to sign up for the platform. Gamestop NFT Website Hints at Upcoming Marketplace…
High transaction costs have been a thorn in the side of the top blockchain protocols for years as both Bitcoin (BTC) and Ethereum (ETH) have seen the average cost of conducting token transfers skyrocket during times of network congestion and high demand. One layer-one (L1) protocol that has been gaining traction in recent months that seeks to offer a low-cost…
The S&P 500 is trading near its all-time high but Bitcoin (BTC) has plunged about 30% from its all-time high at $69,000. Even after the sharp drop, Bitcoin is up 63%, year-to-date, outperforming the S&P 500, which is up about 30% in 2021. Gold, which is popular as a hedge against inflation, is down roughly 7% this year. Arcane research…
Marathon Digital Holdings, a publicly-traded bitcoin mining company, last week announced a “record purchase” of Bitmain ASIC rigs, which according to a Tuesday filing with the Securities and Exchange Commission (SEC) will cost over $879 million and increase the miner’s fleet by 78,000 machines. Marathon had disclosed broad information about its purchase last week when it announced it had entered…
While the crypto economy shed billions in value this week, 18 different digital assets have accrued double-digit gains during the last week. At the same time, the top two leading crypto assets by market capitalization, bitcoin and ethereum, have lost between 2.8% to 6.2% in value in seven days. 18 Crypto Assets See Values Increase by Double-Digits Bitcoin and ethereum…
South Korean crypto exchange Coinone has announced it plans to no longer allow withdrawals of tokens to unverified external wallets starting in January. In a Wednesday announcement, Coinone said users would have from Dec. 30 to Jan. 23 to register their external wallets at the exchange, after which time it would restrict withdrawals. The exchange specified that crypto users could…
In brief The number of Ethereum addresses holding some amount of ETH has topped 71 million. This figure has steadily been increasing over the years. The number of Ethereum addresses with a non-zero balance has hit a new all-time high—just like it did at this time last year. There are now 71,364,788 addresses holding some amount of the second-largest cryptocurrency…
GEM Mining, the bitcoin mining company headed by former South Carolina Gov. candidate John Warren, has increased its deployed fleet by over 4,000 machines and now houses 13,118 active mining rigs according to a Wednesday statement. “We will continue to seek out opportunities to deploy industry-leading technology with our premier hosting partners,” Warren, CEO of GEM Mining, said in a…
The end of the year is a great time to reflect on and celebrate key milestones and events from the past 12 months – both for crypto, and for our community. In 2021, Kraken charged ahead in pursuit of our mission: to accelerate the adoption of cryptocurrency so that you and the rest of the world can achieve financial freedom…
