Circle and special purpose acquisition company, Concord Acquisition announced that the two companies mutually ended a merger. The agreement, which had an initial valuation of $4.5 billion when it was disclosed in July 2021, was later revised in February 2022 after Circle's valuation increased to $9 billion. At the moment, USDC is the second-largest stablecoin […] The post...
This proposal seeks to reduce Fantom’s current burn-rate in order to redirect more network fees directly to dApps building on Fantom. In a fresh proposal dated December 1, the directed acrylic graph network Fantom proposes to introduce a network gas fee-based affiliate program for its dApp developers. The Fantom community has suggested reducing the protocol's […] The post...
Bitcoin is the best store of value when compared to other asset classes that have historically been used by people wanting to protect their wealth.This is an opinion editorial by Leon Wankum, one of the first financial economics students to write a thesis about Bitcoin in 2015.The following article is the last part of a series of articles in which I...
Bitcoin Core 24, the long-awaited but controversial upgrade was activated on Nov. 26, opening the door for the Bitcoin memory pool that will serve as a waiting room for unconfirmed transactions. The memory pool will activate full RBF (Replace-by-Fee) logic, which is a way for nodes to either accept or refuse conflicting transactions if one transaction has a high fee....
Following promises from Binance CEO CZ, the exchange has released proof of reserves for Bitcoin held on the platform. Customer funds are backed by on- chain reserves of over 582,000 BTC — 1% higher than total customer deposits. The customer net balance was 575,742.4228 BTC as of the snapshot taken on Nov. 11, and on-chain reserves came to exactly 582,485.9302 BTC. The proof currently...
Infura RPC will start tracking the IP addresses and Ethereum wallet addresses of users who make transactions using Metamask. On Nov. 23, ConsenSys released an updated privacy policy agreement that said that starting with on-chain transactions, MetaMask would start logging users' IP addresses and Ethereum wallet addresses. However, the wallet's developer, ConsenSys, explains that using […] The post...
Social media chatter is rife with speculation on Cardano projects Ardana and Orbis, which both announced ending development on the same day. Ardana calls it a day Ardana pitched itself as the "first all-in-one stablecoin ecosystem built on Cardano." The ecosystem consisted of the dUSD stablecoin, an AMM DEX called Danaswap, and the DANA governance token. In November 2021, the project raised...
Crypto custodian BitGo has been nominated as the official custodian to safeguard the remaining funds at FTX. Acting CEO John Ray III selected BitGo to take custody of the assets of the crypto exchange for the duration of the bankruptcy proceedings. FTX filed a motion to acquire a custodian in relation to the bankruptcy process on Nov. 23. A hearing is scheduled for...
Leading Solana NFT marketplace Magic Eden recently announced plans to deploy on Polygon as part of its multichain strategy. Once integrated, Magic Eden will be available on three different blockchains, with Ethereum making up the other offering. A Magic Eden blog post explained the team is "open to all the possibilities...
Cyber security analyst, Matt C, highlighted the growing pressure of the latest mining rigs upon previous generations of miners as hashing costs reach $0.07/kwh. #Bitcoin mining profitability by @LuxorTechTeam...
What better way to enjoy video games than to be completely immersed in them using Virtual Reality? This article explores the concept of Virtual Reality and its future in the video gaming industry. Virtual reality technology can be used for a variety of purposes, including entertainment, education, healthcare, and even in video gaming. However, before […] The post...
Input Output (IO) CEO Charles Hoskinson argued that cryptocurrency needs strong governance to avoid repeating what happened at the defunct FTX exchange. Delivering the keynote speech at IO ScotFest, Hoskinson spoke at length on Cardano's governance phase, Voltaire. Using the failings at FTX for context, he said: "Crypto...
As the Office of Foreign Assets (OFAC) compliance levels continue to increase on the Ethereum blockchain, a researcher for Scroll ZKp attested to the fact that a censored transaction will still confirm faster on the ETH chain as opposed to a Bitcoin (BTC) blockchain transaction....
The island of Tuvalu said it plans to build a digital version of itself in order to preserve its history as it faces erasure due to climate change. The island nation of Tuvalu in the South Pacific made the decision to use Web3 technology to ensure the future survival of its culture and society. Simon […] The post Island Nation Uses Metaverse...
Bitcoin is a nascent technology and like the days of flip phones, it has a ways to go until it reaches a similar stage like where we are today with smartphones.Watch This Episode On YouTubeListen To The Episode Here:...
Moderators of the Dogecoin subreddit removed a post by Cardano founder Charles Hoskinson on a proposal to utilize both cryptocurrencies in a decentralized Twitter. Hoskinson said he remains "optimistic about a solid dialogue," despite the snub. He also intends to "reach out to a few people" to advance discussions of the proposal. Dogecoin and Cardano for...
Bitcoin miners have been selling BTC holdings at a rate not seen since early 2021. Further, the persistence of the negative net position change has not occurred since 2017. Miners consistently sold Bitcoin for the past three months at an aggressive rate likely to cover liabilities such as energy bills and loans....
Talking at Solana Breakpoint, Austin Federa, Head of Communications at Solana Foundation, opened a talk on the past and future of the Solana ecosystem before bringing on Solana CEO, Anatoly Yakovenko. Federa spoke more broadly about the web3 industry comparing crypto's adoption to that of the internet in 1995. The evolution of web3 Federa highlighted that around 12% of U.S. citizens own some...
The native token for the contentious crypto project Safemoon (SFM) has experienced extreme volatility over the weekend as the price rose 92% in the space of three hours early on the morning of Nov 5. The price jumped from $0.00035 at 6 am GMT to $0.00068 by 9 am GMT. While the SFM token remains down 95% from its all-time high, as of...
Despite the prevailing differences between the 2000 dot-com bubble and the post-COVID-19 bubble, they still share numerous similarities. The 2000 tech bubble began in the late 1990s and continued until 2002, while the post- COVID-19 bubble started in 2019 and lasted until 2022. Let’s have a look at both eras: Dot-com Bubble:...
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