The price of OMG Network (OMG) has plunged 33% from a daily high of $19.35 down to around $13 immediately after completion of the snapshot for an airdrop from the Boba Network. The snapshot of all wallets holding OMG tokens on the Ethereum network and the layer-two Boba Network took place at 12am UTC on Friday. OMG holders at the…
While many pundits have labeled Solana (SOL) as an “Ethereum killer” due to its lower fees and faster transaction times, Solana Labs co-founder Raj Gokal said the project has no desire to kill the cryptocurrency and wouldnt be able to if it did. Gokal made the comments in response to a Nov.10 Twitter post from the co-founder of venture capital…
An unknown investor has proposed to acquire a 51% stake in Africrypt — the collapsed cryptocurrency investment company — for a purchase price of $5 million. However, in exchange for the offer, the investor wants all criminal proceedings against Africrypt directors dropped. Offer Must Be Supported by 75% of Creditors According to a report by Moneyweb, Africrypt creditors are set…
You have heard of Bitcoin mining. You were told that it is expensive, complex, likely to kill you and best left to the experts. I assumed the same, that the process required hours of electrical analysis, complicated cash flow models with variable exchange rates and, of course, massive access to capital, space and technical prowess. Mining would never be feasible…
Billionaire CEO of American hedge fund Citadel Kenneth Griffin thinks a currency on the Ethereum (ETH) network will replace Bitcoin (BTC) as cryptos top dog. Citadel manages over $40 billion of capital a quarter of the trading volume in the US stock market. During this Wednesdays Nov. 10 DealBook summit hosted by The New York Times, Griffith said that he…
Every Miami resident with a digital wallet will be eligible to receive a Bitcoin dividend according to Mayor Francis Suarez. Were going to be the very first city in America to give Bitcoin yield as a dividend directly to its residents, Suarez said in an interview on Nov. 11. Citycoins launched the MiamiCoin cryptocurrency in August, which helps fund municipal…
Twitter has set up a team to focus on “crypto, blockchains, and other decentralized technologies — including and going beyond cryptocurrencies.” Initially, the team will explore how it can “support the growing interest among creators to use decentralized apps to manage virtual goods and currencies, and to support their work and communities.” Twitter to Focus on Crypto, Blockchain, and Decentralized…
Climate-change focused Klima DAO has accumulated over 9 million tonnes of carbon offsets according to a Nov. 8 announcement. The USD value of those offsets has surpassed $100 million. In a blog post,the project explained that those offsets are equivalent to the annual emissions of Georgia, Jamaica, or Papua New Guinea. The Klima DAO protocol aims to increase the price…
As a growing number of governments are looking to tap into crypto profits, authorities in Austria have indicated their intention to tax gains from digital asset investments just like those from stocks and bonds. The move is expected to increase trust and access to cryptocurrencies. Austria to Apply Capital Gains Tax to Bitcoin, Make Crypto More Accessible Claiming it aims…
The below is from a recent edition of the Deep Dive, Bitcoin Magazine’s premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox, subscribe now. As many already know, the United States Consumer Price Index for October was announced yesterday morning coming in at a red hot 6.2%…
