Project Serum, a decentralized derivatives exchange for the Solana network, has launched a $100 million liquidity mining program as part of a broader effort to attract users to the ecosystem. The initial allocation was approved by Serums decentralized autonomous organization, or DAO, the project announced Thursday. The sum, paid out in Serums native SRM token, will be used as a…
On-chain data suggests a supply shock appears to have led the bitcoin price to surge over 50% in October. “There has been little profit-taking from long-term holders” of BTC, a new Kraken report found. Miners are also stockpiling bitcoin, helping create a supply shock fueling higher prices. A supply shock seems to have contributed to the BTC price appreciating by…
The meme-based digital asset shiba inu has entered the top ten largest crypto assets by market capitalization, knocking dogecoin down a notch. In the last 30 days, the shiba inu token climbed 976% capturing a market cap of over $40 billion. Meanwhile, the concentration of shiba inu whales is still quite large these days alongside the massive circulating supply of…
Join Cointelegraph host and analyst Benton Yaun alongside resident market experts Jordan Finneseth and Marcel Pechman as they break down the latest news in the markets this week. Heres what to expect in this weeks markets news breakdown: After the markets news update, special guest Eric Balchunas discusses the recently launched Proshares Bitcoin Strategy ETF, what it means for the…
NFTs, or non-fungible tokens, are blockchain-based tokens that prove ownership and provenance of digital items such as images, video files and even physical assets. Theyve shot to prominence in the last year, with multi-million dollar sales of NFT artwork grabbing headlines, while Twitter has been overrun by NFT avatars like Bored Ape Yacht Club, CryptoPunks and Pudgy Penguins. Even big…
Cross-chain liquidity protocol THORChain has fully recovered from two summer exploits that compromised millions of dollars in user funds after the company announced Thursday that it had received passing grades in a new security audit. The simultaneous audits, which were carried out by cybersecurity companies Trail and Bits and Halborn, allowed THORChain to implement a five-step recovery plan. THORChains contributors…
El Salvador, the country that made bitcoin legal tender alongside the U.S. dollar, has bought the dip again. The Salvadoran government has purchased a total of 1,120 bitcoins, currently worth more than $68 million. El Salvador’s Bitcoin Holdings Grow El Salvador has bought the dip again, taking advantage of the falling price of bitcoin on Wednesday. President Nayib Bukele tweeted:…
This Crypto City guide looks at New York Citys crypto culture, its most notable projects and people, its financial infrastructure, which retailers accept crypto, and where you can find blockchain education courses and theres even a short history of the controversial regulatory regime required to operate in the city. Fast facts City: New YorkCountry: United StatesPopulation: 8.8 millionEstablished: 1624Language:…
Coinbases mobile app is currently the App Stores most popular app in the United States, ahead of TikTok, YouTube, and Instagram. Crypto.com, another popular crypto exchange, is also in the App Stores Top Ten rankings, according to SensorTower. Coinbases iOS app, which was launched in June 2014, has seen almost 1.5 million downloads to date, with a sudden increase in…
Recently, Ars Technica published an article from staff writer and environmental science PhD Tim de Chant, aiming to rebut Texas Senator Ted Cruz’s comments from the Texas Blockchain Summit earlier this month. De Chant took issue with the following statement from Cruz: “Because of the ability of bitcoin mining to turn on or off instantaneously, if you have a moment…
