Senator Elizabeth Warren of Massachusetts is garnering support among colleagues on Capitol Hill for a letter that would ask the Office of the Comptroller of the Currency (OCC) to withdraw crypto guidance banks have relied on. Warren is asking fellow Senators to sign on to the letter, according to reporting from Bloomberg News, and plans on sending a final version…
Cryptocurrencies’ total market capitalization bounced from $860 billion on June 30 to the current $1.03 trillion, a 20.6% relief in five weeks. Ether (ETH) might have been the absolute leader among the largest smart contract chains, but BNB managed to gain 39% over that period. BNB (blue) vs. Ether (orange), AVAX (cyan), SOL (yellow). Source: TradingView BNB token’s year-to-date performance remains…
Flow (FLOW) logged its best daily performance on Aug.4 after becoming the latest blockchain to support Instagram’s nonfungible token (NFT) features. Insta-made FLOW rally Meta CEO Mark Zuckerberg announced on Aug. 4 that Instagram had expanded its NFT support to 100 more countries in Africa, the Asia-Pacific, the Middle East and the Americas. As a result, more users can post digital…
Last week Chandler Guo, a prominent Chinese crypto miner, announced his intention to resist the Ethereum “merge” by forking the Ethereum blockchain and creating a spinoff proof-of-work version of the network. That campaign earned a notable ally today. Crypto exchange Poloniex announced this morning that it will support and list ETHW, Guo’s forked proof-of-work version of Ethereum, beginning next week.…
A conservative advocacy group known as The Club For Growth (CFG) has published a policy brief titled: The Case Against A U.S. Central Bank Digital Currency, per a briefing sent to Bitcoin Magazine. The brief begins by detailing the innovation that is Bitcoin by exploring its immutability, decentralization, speed, trustless operability, and its capacity for disruption by disintermediating the world…
The mining difficulty tied to the Bitcoin network increased for the first time in 57 days, rising 1.74% higher than the last two weeks. Meanwhile, Bitcoin’s hashrate has been below average as the network’s computational power is down 1.7% lower in the second quarter than in Q1 2022. After reaching 292 exahash per second (EH/s) on June 8, Bitcoin’s hashrate…
According to a Meta newsroom post updated on Thursday, the Mark Zuckerberg-led company has begun its nonfungible token (NFT) expansion across 100 countries in Africa, the Asia-Pacific, the Middle East and the Americas. This includes adding support for wallet connections with Coinbase Wallet and Dapper as well as the ability to post digital collectibles minted on the Flow blockchain. The…
Binance is launching a bitcoin rewards card in Argentina.The company is partnering with Mastercard and Credential Payments to provide market access and issue the card.Users will enjoy 8% cashback on purchases and zero-fee ATM withdrawals. Binance, one of the leading cryptocurrency exchanges, has partnered with Mastercard to launch a rewards card powered by bitcoin and other cryptocurrencies in Argentina, according…
A Redditor made it his mission to turn the tides on nonfungible token (NFT) critics by minting a collection using the top anti-NFT comments they found on the internet. In a Reddit post, user busterrulezzz introduced the NFT collection titled Worthless JPEGs! in an attempt to bring entertainment to crypto enthusiasts while critics of the space are rejoicing during the…
In brief Instagram has added support for Flow-based NFTs as it expands its NFT initiative into more than 100 total countries. FLOW has surged in price as a result, up about 44% over the past 24 hours. Instagram is expanding its NFT initiative internationally to more than 100 countries, parent company Meta announced today, plus it’s adding support for NFTs…
