Bitcoin, the crypto industry’s largest cryptocurrency, is often called a “digital gold” due to its characteristics of a store of value with a finite supply. The cryptocurrency’s total supply is limited and pre-defined to just 21 million; as soon as these coins are mined, no more can be created. Until that cap is reached, however, new coins are created through…
Myanmar’s shadow government, the National Unity Government (NUG), led by the supporters of jailed leader Aung San Suu Kyi, has declared U.S. dollar-based stablecoin Tether (USDT) as an official currency for local use. As per a report published in Bloomberg, the NUG will accept Tether for its ongoing fundraising campaign seeking to topple the current military regime in Myanmar. The…
Bitcoin (BTC) whales are the center of attention this week as buying and selling habits split the BTC price narrative. New findings from on-chain analytics firm CryptoQuant shows derivatives investors leading the way when it comes to bullish bets on Bitcoin. “Sick” BTC price indicator favors bulls The second half of November produced a marked uptick in the buy/ sell…
Solana, the fifth-largest cryptocurrency by market capitalization, is leading on-chain development charts despite a recent denial-of-service (DDoS) attack. As per Santiment data, Solana surpassed the daily GitHub submission rates of Polkadot and Cardano to become the leading blockchain over the past month. The number of daily GitHub submissions for Solana reached 90 between Nov. 12 and Dec. 13, followed by…
Crypto exchange Binance has withdrawn its application for a license in Singapore. The news comes amid an announcement from the exchange that it will “refocus” its operations in Singapore into a “blockchain innovation hub.” Binance Asia Services—the exchange’s Singaporean entity—will head this mission with the goal of developing the global blockchain ecosystem. “Singapore is a vibrant fintech hub and Southeast…
Total circulating Bitcoin (BTC) hit a significant milestone on Monday morning, one and a half years after the last Bitcoin halving, as 90% of the maximum total supply has been mined. Current data from Blockchain.com shows Bitcoin in circulation hit 18.899 million as of Dec. 13, meaning only 10% of the total supply is left to mine. While the first…
The chief of the Government Communications Headquarters (GCHQ), one of the big three intelligence agencies in the U.K., has raised concerns regarding China and its digital renminbi. Sir Jeremy Fleming stated that the already existent Chinese CBDC could be used to collect information from users and, hypothetically, to control and filter global transactions. UK Worried About Chinese CBDC Advancements…
Robinhood still hasn’t set a release date for its crypto wallet app. But in the spirit of its “safety-first company” ethos, the company has announced it will use Chainalysis Know Your Transaction (KYT) and Reactor software to manage compliance for its Robinhood Crypto brokerage app and, eventually, the wallet. The KYT software flags suspicious transactions for the Robinhood team in…
Blockchain analytics firm Chainalysis will be partnering with Robinhood to provide data and tools for trading in advance of the app launching its crypto wallet. In a Monday announcement, Chainalysis said the integrated partnership with Robinhood Crypto will help the trading app meet compliance requirements ahead of the launch of its crypto wallet, expected to roll out for all users…
Gamesta is the smart contract-based guild enabling investors to connect and empower thousands of underprivileged players throughout the world. Gamesta Guild believes the value of any game is created by the network of players playing it. Each player, regardless of their wealth or means, represents the same value in a digital game, investing their time and contributing to an ever-evolving…
