Ethereum scaling solution, Polygon, has witnessed a lot of adoption through partnerships with major brands like Starbucks and Addidas, which has increased the network’s popularity among cryptocurrency users. The former vice president of growth, Arjun Kalsy, breaks down how Polygon has attracted partnerships with major brands and how the project is driving mass crypto adoption. Arjun Kalsy, before leaving Polygon…
January has been a break-out month for Bitcoin and Ethereum amid a biting crypto winter that has seen layoffs and bankruptcy filings. After a minor correction that sent Bitcoin (BTC) from just above $23,000 to about $22,400 on Wednesday, the leading cryptocurrency has rebounded to hit a January high of $23,501 later the same day before dropping to the current…
Bitcoin was once viewed as a means to opt out of violent, legacy financial systems. Now, it is being co-opted by the very same, and zealous newcomers to crypto think that’s a good thing, while still giving lip service to peer-to-peer values. Ignoring the problems with fiat money, they beg political interests and bad actors to regulate Satoshi’s digital innovation.…
Bitcoin mining (BTC) is the process of adding transactions to the Bitcoin blockchain, a decentralized public ledger of all Bitcoin transactions. Miners use powerful computers to solve complex mathematical puzzles, known as proof-of-work (PoW), to validate transactions and add them to the blockchain. In return, miners receive newly minted BTC as a reward for their work. The process of mining…
Authorities in the United States might have discovered yet another possible component of Sam Bankman-Fried’s (SBF) cryptocurrency empire. U.S. federal prosecutors have alleged that Bankman-Fried has used money from FTX exchange to invest in the venture capital firm Modulo Capital, according to a report by The New York Times. As previously reported, SBF’s hedge fund and FTX’s sister firm, Alameda…
In brief Decentraland is a blockchain-enabled metaverse game that uses its native MANA token as an in-game fungible currency. With MANA, you can buy and sell NFTs that represent avatar wearables, avatar emotes, and metaverse plots called LAND. Decentraland also permits you to customize your LAND and create custom avatar wearables and emotes. Decentraland, launched in 2020 by the Decentraland…
In its latest earnings report released Wednesday, Tesla revealed it had neither bought nor sold any Bitcoin in the final quarter of 2022. The electric car manufacturer, however, reported $34 million in impairment charges as the value of its Bitcoin holdings declined to $184 million from $218 million in Q3 2022. In the world of accounting, an impairment charge is…
The notorious failure of the Terra USD (UST) affected the crypto market in general, but it’s the algorithmic stablecoins alike that took the harshest punch. Since its peak in April 2022, the market share of algorithmic stablecoins shrank almost tenfold. According to a fresh report from CryptoCompare, the current market share of algorithmic stablecoins stands at 1.71%, while its all-time…
An Arizona State Senator has introduced a bill to make Bitcoin legal tender in The Grand Canyon State. Wendy Rogers, a Republican and enthusiastic supporter of former President Donald Trump, yesterday put forward a proposal to amend the definition of legal tender in the state’s statutes to include the world’s biggest cryptocurrency. The bill was introduced as one of a…
Financial authorities in Kazakhstan have targeted at least five online platforms exchanging cryptocurrencies outside the law. Documents, computer equipment, and cryptocurrency wallets have been seized during searches in the northern part of the country. Kazakhstan’s Financial Watchdog Goes After Unlicensed Crypto Exchange Services The Financial Monitoring Agency (FMA) of the Republic of Kazakhstan has dismantled a group involved in the…
