Binance is helping the South Korean city of Busan “grow crypto adoption within the city and beyond.” The global crypto exchange will also support the development of the city’s blockchain ecosystem and the Busan Digital Asset Exchange. Binance Signs MOU With Busan City Cryptocurrency exchange Binance announced Friday that it has signed a Memorandum of Understanding (MOU) with Busan Metropolitan…
Twitter Inc. has been ordered to provide additional data relating to spam and bot accounts to Elon Musk. The social media giant has sued the Tesla CEO for terminating his $44 billion offer to buy the social media platform. The U.S. Securities and Exchange Commission (SEC) has also questioned Twitter about the number of spam accounts. Court Orders Twitter to…
This is an opinion editorial by Shinobi, a self-taught educator in the Bitcoin space and tech-oriented Bitcoin podcast host. What is Bitcoin Maximalism? People will not stop asking this question, either to defend it as a virtuous label, or to attack it as a symbol of everything wrong and rotten in this ecosystem. This question is as meaningless in my…
This week the mining operation Applied Blockchain announced that it is changing its company name to Applied Digital. Furthermore, the mining operation released 2022 financial results and operational updates that noted that the mining firm entered a purchase agreement on August 15 for land in North Dakota. Applied Digital Enters Purchase Agreement on August 15, Groundbreaking Planned for Q3 2022…
Cryptocurrencies present a unique solution, given their lack of a central governing bank. You can’t lose trust in something that doesn’t exist. Its supply is finite, so it naturally appreciates in value. People using a blockchain with proof-of-stake protocols can access their funds at any time, while continuously earning staking rewards on their current balance. This means that the actual…
On Saturday, August 27, 2022, the global market capitalization of all the crypto assets in existence dropped under the $1 trillion mark and the leading crypto asset bitcoin slipped below the $20K region for the first time since mid-July. Crypto Economy Craters — More Than $240 Billion Erased in 13 Days Digital currency markets this weekend are feeling the pain…
This week in coins. Illustration by Mitchell Preffer for Decrypt. The crypto market was having an uneventful week amid these late-summer doldrums—until Friday, when the world’s leading cryptocurrency dropped 4% in the space of 24 hours. The price plummet was triggered by Federal Reserve Chair Jay Powell’s remarks in Jackson Hole that the Fed will keep raising interest rates as…
From Silk Road to Buying ETH: How Musician Tycho Went Crypto Scott Hansen aka Tycho, the musician, producer, and songwriter, tells Decrypt’s Kate Irwin how he caught the crypto bug and why he believes Web3 can change the music industry for the better. Source: https://decrypt.co/videos/interviews/W2LG3C6J/from-silk-road-to-buying-eth-how-musician-tycho-went-crypto
On Friday, Jerome Powell spoke at the annual Jackson Hole Economic Symposium and the Federal Reserve chair explained that the U.S. central bank is focused on fighting the country’s red-hot inflation. Powell stressed at the event that strict monetary policy is necessary, and his commentary hinted that the Fed won’t hit the brakes on monetary tightening until inflation is tamed.…
Bitcoin (BTC) continued its bearish action on Friday night and slipped below the key $20,000 mark to $19,907, according to CoinMarketCap. It’s a monthly low for August and the first time Bitcoin went below $20k since July 14. The top cryptocurrency has been in free fall since Federal Reserve Chair Jerome Powell’s remarks in Jackson Hole about raising interest rates…
