Eric Schmidt, the chief executive officer of Google until 2011 who later served as executive chair at the tech company and its parent firm Alphabet, has joined oracle solutions provider Chainlink Labs as a strategic advisor. According to a Tuesday announcement, Chainlink said Schmidt would guide the firm’s scaling strategy in its use of oracle networks to trigger smart contracts.…
Tezos, a privacy-focused blockchain network, released its carbon footprint report from PricewaterhouseCoopers Advisory SAS, a French member firm of the PwC network. The PwC report reflects drastic improvements in energy efficiency for Tezos since moving from a proof-of-work (PoW) to a proof-of-stake (PoS) mining consensus. The PwC report highlighted a significant decline in carbon emission by Tezos network despite a…
Bitcoin (BTC) attempted to crack $51,600 resistance throughout Dec. 7 as BTC/USD gained in line with an equities rebound. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin: “The trend is still up” Data from Cointelegraph Markets Pro and TradingView showed the largest cryptocurrency making repeated assaults on the $51,600 mark on Dec. 7. At the time of writing, the latest charge…
The burgeoning decentralized finance (DeFi) space has exploded to a market cap of over $137 billion from just $2 billion a year ago—but it still represents just 5.8% of the overall crypto market. To help the space achieve its true potential, millions of new users need to be onboarded to DeFi—but as the number of DeFi blockchains grows, so too…
There’s no denying that the Indian government shares a contentious relationship with cryptocurrencies, as was made clear recently when the government indicated that it plans on banning all private cryptocurrencies — a list that could potentially include just about every digital asset in the market today — after it had previously lifted all such restrictions back in 2019. To elaborate,…
Fidelity Digital Assets — the crypto wing of Fidelity Investments — and crypto borrowing and exchange platform Nexo have announced a partnership to offer crypto custodial services, products and lending services for institutional investors. The two firms will create a comprehensive product line and legal infrastructure for institutional investors looking to get exposure to cryptocurrencies. The partnership with Fidelity Digital…
Bitcoin prices retraced from all-time highs in November — an unexpected turn for what has historically been a positive-yielding month. Will the trend persist into 2022 or is there cause for concern? In their latest report Taking A Break, the Kraken Intelligence team examines the factors that led to a correction across the crypto market. Additionally, the team looks into…
Mirror Trading International, the now-defunct fraudulent bitcoin investment platform, is said to be owed more than $129 million by debtors that had not been declared previously. Unaccounted for Debtors Liquidators of the collapsed South African bitcoin Ponzi scheme, Mirror Trading International (MTI), recently released a statement that suggested the scheme is owed as much as $129.6 million (2.07 billion rands)…
Cryptocurrencies like Bitcoin (BTC), Dogecoin (DOGE) and Ether (ETH) are set to become the gift of choice for people of the United States, a new study by crypto lending firm BlockFi revealed. Conducted in October among more than 1,250 U.S. residents, BlockFi’s “Real Talk: Happy HODLdays” survey found that nearly one in 10 Americans would give crypto to their loved…
Crypto lender Nexo announced a new collaboration with institutional crypto custodian Fidelity Digital Assets for a suite of products aimed at providing institutional investors with more onramps into crypto. Fidelity Digital Assets is the blockchain branch of Fidelity Investments, the Boston-based asset management company that manages more than $7 trillion of client assets. The two companies have struck a deal…
