intermediate HEX is a new cryptocurrency that promises to revolutionize the way we think about money. Unlike traditional fiat currencies controlled by central banks, HEX is decentralized, meaning that it is not subject to the whims of governments or financial institutions. Instead, HEX is managed by a network of computers that anyone can join. This makes HEX more resilient to…
intermediate One of the biggest strengths of the crypto market has always been the multitude of innovative and diverse projects that make it up. The Reserve Protocol and its token RSR are among them. The project aims to create a decentralized and inflation-resistant world reserve currency that would not be pegged to any fiat money. That sounds like a great…
intermediate ApeCoin, aptly named after a very popular animal in trading circles, is a cryptocurrency inspired by the famous NFT collection, the Bored Ape Yacht Club. This ERC-20 token is used for governance purposes in the APE ecosystem. APE powers the community that is currency building at the forefront of web3. ApeCoin holders will be able to decide what direction…
The Bitcoin quadrant of Crypto Twitter was abuzz with concern on Sunday, as some users saw high transaction fees and a congested backlog of transactions as an attack on Bitcoin. There are currently over 469,000 transactions waiting to be confirmed in Bitcoin’s mempool as of this writing, according to mempool.space. Before transactions are added to Bitcoin’s blockchain, transactions are sent…
The Nigerian payments startup, Nomba, is reported to have raised $30 million via a pre-Series B that was led by Base10 Partners. The new solution is expected to help the startup operate more efficiently and deliver “excellent customer experiences.” Plugging Gaps in Payment Processes Nomba, a Nigerian payments startup, has raised a US$30 million pre-Series B funding round. According to…
Bitcoin mempool was clogged with over 400,000 transactions waiting to be processed on May 7. Source: https://cointelegraph.com/wp-content/themes/classic/inc/index.php/news/binance-closes-btc-withdrawals-amid-congestion-on-the-bitcoin-network
Illustration by Mitchell Preffer for Decrypt The Fed’s mid-week announcement of the tenth consecutive interest rate hike since March 2022 capped crypto’s growth this week, leaving many leading cryptocurrencies level with—or a little south of—the prices they were trading at this time last week. On Monday, Binance CEO Changpeng “CZ” Zhao flagged Tron CEO Justin Sun’s $56 million token transfer…
Louisiana Republican senator John Kennedy recently stated in an interview published on Wednesday that the U.S. Federal Reserve may need to increase the federal funds rate to 8-10% to address the country’s inflationary pressures. Kennedy’s remarks come after he criticized the Biden administration in mid-March for bailing out Silicon Valley Bank and Signature Bank, emphasizing that the decision to make…
Ready. Set. Token. That’s the gist of a video shared by digital artist Johnny Shankman, also known as @iamwhitelights on Twitter, where the Brooklyn-based creator takes a time-centered approach toward creating a new coin. With a few flicks of the cursor and some fast typing, Shankman is able to write and deploy a smart contract for a token called EASY_MONEY.…
Cryptocurrency exchange Binance temporarily paused Bitcoin withdrawals on its platform on Sunday, preventing the largest token by market cap from leaving the leading venue by trading volume. Binance said its decision was based on congestion issues impacting Bitcoin’s network, adding that the exchange was “currently working on a fix” to reopen withdrawals “as soon as possible.” We’ve temporarily closed $BTC…
