Cryptocurrency adoption has been growing for a number of reasons. In emerging markets, research suggests crypto remittances are a factor, although some argue that the idea of using cryptocurrencies for these transactions is nothing more than a purist’s dream.The CEO of cryptocurrency derivatives trading platform BitMEX, Alexander Höptner, predicted earlier this month that by the end of next year, at…
In brief The AP will use a Chainlink oracle to automate news distribution. Data will be secured using Chainlink technology. The Associated Press, a collective of more than 1,300 newspapers and broadcasters, is moving further into decentralized news and publishing. Today it announced a partnership with Chainlink Labs, and the AP is now launching its own Chainlink node to provide…
Bitcoin (BTC) crashed to just $8,100 on Oct. 21 — but only if you were trading on Binance’s dedicated United States exchange, Binance.US.On Oct. 21, Binance.US suddenly printed a one-minute candle that took BTC/USD from $65,815 to $8,200 — a drop of 87%.“Shouldn’t be happening”In what traders call a “scam wick,” the one-minute BTC/USD differed dramatically from other major exchanges,…
FTX, the second most popular crypto exchange after Binance, has announced its riding on a new valuation of $25 billion after raising $420,690,000 in a funding round of 69 investors, including the Ontario Teachers Pension Plan and asset management giants BlackRock and Tiger Global. The new funding round comes just three months after FTX raised $900 million in a Series…
We’re all familiar with the “energy waste” and “carbon emissions” narratives around Bitcoin mining. “It wastes energy!” “It’s a carbon emitter!” Obviously, Bitcoin is a unique and terrible attack on the environment at a scale previously unheard of in human history. But now the “Bitcoin is anti-environmental” narrative is now starting to shift towards “e-waste.” This, in the wider context…
After bitcoin reached its all-time high (ATH) on Wednesday, the second-largest crypto asset in terms of market capitalization, ethereum, is nearing its own ATH. The last time the crypto asset hit an ATH was five months ago on May 12. Ethereum Climbs 46% in 30 Days, Commands Half Trillion Market Cap The digital currency ethereum (ETH) came awfully close to…
The IOTA Foundation has announced the release of its beta version smart contract functionality with the objective to solve market challenges of scalability limitations and high transaction fees, as well as reportedly debuting components not witnessed thus far in the space.IOTA’s non-profit foundation is focused on open-source research and development initiatives to drive adoption in the distributed ledger technology space,…
FTX, one of the largest cryptocurrency exchanges in the world, has raised $420 million in fresh funding, bringing its total valuation to $25 billion.The firm officially announced Oct. 21 that FTX’s operator FTX Trading has completed a new Series B-1 fundraise involving 69 investors including Ontario Teachers’ Pension Plan Board and Singapore’s state investment firm Temasek.Other investors included major venture…
Polygon, a scalability solution for Ethereum, has awarded a $2 million bounty to a white hat hacker after they identified a vulnerability that put about $850 million of capital at risk. According to the bug bounty and security services platform Immunefi, which hosts Polygons bounty program, this is the highest bounty ever paid in the world of decentralized finance (DeFi).…
China’s National Development and Reform Commission is seeking public opinion on the inclusion of crypto mining in its list of “phased-out” industries.The call for public comments by the country’s macroeconomic planning agency was contained in a release issued on Thursday.Back on Sept. 24, the agency added digital currency mining to its list of outdated industries following sweeping crackdowns by authorities in…
