Intel has announced the release of the Blockscale ASIC, a second-generation BTC mining chip that the company will use to increase its mining speed and efficiency. Mining Chip To Increase Efficiency As announced on Monday, the latest mining chip will provide more efficiency in energy usage. Also, the company has stated that the chips will […]
Legislators in Oklahoma have taken legislative steps in recent days that, if passed, would provide a tax benefit to cryptocurrency and BTC miners who want to establish a business presence in the region. Oklahoma Supports Crypto Mining A bill introduced by state legislator John Montgomery and the representative of the state, Ryan Martinez this year […]
A lot is happening in the crypto industry as Ethereum has hit its highest price level in the past three months. Bitcoin is currently bullish, while AXS has increased by 12%. Axie Infinity (AXS) Ronin recently got hacked, but the recent increase has caught the market by surprise. What’s Going On With Bitcoin? Bitcoin witnessed […]
Many enterprises have pictured the NFT space as their next destination to market their products and services. The NFT is now a booming ecosystem with many businesses. Samsung is moving to establish the first-ever smart TV in the NFT industry in collaboration with a digital art auction firm, Nifty Gateway. The new intelligent NFT TV […]
Activities in Layer2 have established a new record based on gas fees on the ETH blockchain. Based on data collated from Rebuffo through Dune Analytics, activities in the protocol consumed above 30 billion in transaction fees in March alone. The gas fees came from processed transactions and others in the protocol. The data means Layer2 […]
Ola Finance (a DeFi lending protocol) has acknowledged that it suffered from a hacker exploit on March 31, resulting in the loss of $3.7M worth of digital assets. How The Attack Happened A report by blockchain security firm (PeckShield) showed that the hacker exploited a bug in one of the protocol’s smart contracts to carry […]
Cryptocurrency firm Coinbase has rolled out plans to acquire a Brazilian unicorn 2TM before April ends. According to the popular Brazilian print media Estadão, negotiations for the unicorn’s acquisition are still on, having started at the beginning of 2022. 2TM is the parent company of Mercado, one of the biggest cryptocurrency brokerages in Latin America. […]
Ukraine is currently a war-torn country, destroyed by the firepower of the Russian military, which invaded the country on February 24, 2022. As part of putting in place a befitting structure to tell the next generations of Ukrainians about the war, the Prime Minister of Ukraine, Mykhailo Federov, announced on March 25 the launch of […]
Dubai has begun to lay the groundwork for its future as the cryptocurrency paradise of the world. Binance and FTX have become the trust pioneers to launch the city into the new wave and the first crypto companies to have a sneak peek into what is to come. A Paradise for All Things Crypto Over […]
The number of US politicians in the pro-crypto camp is increasing daily against those in the opposition camp. These politicians advocate for the acceptance and legalization of digital assets as a means of retail payments and investment opportunities. Among US politicians in the pro-crypto camp is Ron DeSantis, Governor of Florida state. Ron revealed that […]
Commonwealth Bank of Australia has expressed joy over the increased activity on its Commbank app. The largest bank in Australia has continually experienced an uptake in activity on the app since the financial entity first offered crypto services in 2021. CBA permitted users to purchase and sell virtual currencies via the app. Looking at the […]
Jamaica is a crypto-friendly country, and its government has accepted and is trying to include digital currency in the broad scheme of things. The country has a new central bank digital currency (CBDC) called Jam-Dex, and as an incentive to use this currency, the Jamaican government has said that it will give 2500 Jamaican dollars […]
The decentralized finance ecosystem keeps evolving with each passing period, taking new twists and turns in line with the market’s advancement. The Ethereum blockchain technology has been the most dominant of all in the blockchain sphere as it has no equal. For some time now, no blockchain player has matched its dominating shadow. But nothing […]
Bitcoin has emerged as the most widely regarded digital token to have entered the mainstream before others and is continually leading the way. At present, its role in the global financial market is becoming an increasingly evident factor in the ongoing conflict in Eastern Europe involving Russia and Ukraine. Bitcoin’s role in the scheme of […]
Many people are not impressed with cryptocurrency hodlers due to the perception they leave in the minds of others, and experienced crypto trader Peter Brandt is no exception. Brandt left no stone unturned as he took a dig at Bitcoin hodlers by stating that the action of keeping a massive amount of the most prominent […]
The past seven days have witnessed a resurgence of sorts in the crypto space as Russian tanks invade Ukrainian cities. The cryptocurrency world experienced a sharp drop to about $35,000 some 8 days ago before a resurgence to about $45,000 recently with hopes of high activity in the crypto market because of the sanctions imposed […]
While the entire crypto market is struggling to come to terms with the sudden crash in price after an initial market recovery in the last couple of days, ANC recorded a positive performance. It appears that the Anchor Protocol (ANC) token is not subjected to the same market movement as others, as its price surged […]
It’s been over a week of crisis and uncertainty between Russia and its neighbor, Ukraine. Banks, especially in Ukraine, cannot provide financial services due to the conflict; hence, citizens must seek help to meet their daily financial needs. As a result, the traditional banking institutions cannot carry out their standard functions. Even the Russian currency […]
The United Arab Emirate is leading the race to become the top blockchain technology hub in the Middle East following huge infrastructure investment and friendly policies toward attracting decentralized blockchain firms to the region. UAE is now becoming the focal point for interested individuals and companies to venture into new territories to expand their cryptocurrency […]
A South African cryptocurrency exchange company is looking to expand its operation within Africa, and beyond following the massive funding, it raised from venture capitals. The crypto exchange, VALR, is Africa’s leading digital currency player. It has increased its valuation to $240 million following its success in raising $3.4 million in a Series A funding […]
