#Crypto #Alibaba #CrptoMining
Alibaba cloud says it might stop servicing crypto mining companies in China
Chinese 8BTC news portal and Chinese crypto journalist Colin Wu have reported that the second biggest provider of clouding services in China, Alibaba Cloud, has warned all crypto companies, including mining firms, that it may stop working with them due to the recent regulatory requirements.
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Alibaba cloud says it might stop servicing crypto mining companies in China
Chinese 8BTC news portal and Chinese crypto journalist Colin Wu have reported that the second biggest provider of clouding services in China, Alibaba Cloud, has warned all crypto companies, including mining firms, that it may stop working with them due to the recent regulatory requirements.
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#Crypto #AndreesenHorowitz
VC giant Andreessen Horowitz to launch a $2.2 billion crypto fund
VC giant Andreessen Horowitz has announced intentions to launch a new $2.2 billion fund focused on the cryptocurrency industry.
Roughly three years after releasing its first crypto-related product, the private US venture capital firm a16z has outlined plans to double down via a ‘radically optimistic’ digital asset fund. The company’s partners called the industry ‘the future of finance.”
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VC giant Andreessen Horowitz to launch a $2.2 billion crypto fund
VC giant Andreessen Horowitz has announced intentions to launch a new $2.2 billion fund focused on the cryptocurrency industry.
Roughly three years after releasing its first crypto-related product, the private US venture capital firm a16z has outlined plans to double down via a ‘radically optimistic’ digital asset fund. The company’s partners called the industry ‘the future of finance.”
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#ETH #Ethereum
Over 100K ETH staked in Ethereum 2.0 in a single day
The total amount of ETH staked ahead of the upcoming Ethereum 2.0 upgrade has grown significantly and will likely continue to increase as the launch date draws closer.
Data from CryptoQuant revealed yesterday that more than 100k ETH worth over $200 million as per current prices was sent to the Ethereum 2.0 deposit contract in a single day.
With the new staking, the total value of ETH now locked up in the Eth2 contract is currently more than 5% of the cryptocurrency’s entire circulating supply.
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Over 100K ETH staked in Ethereum 2.0 in a single day
The total amount of ETH staked ahead of the upcoming Ethereum 2.0 upgrade has grown significantly and will likely continue to increase as the launch date draws closer.
Data from CryptoQuant revealed yesterday that more than 100k ETH worth over $200 million as per current prices was sent to the Ethereum 2.0 deposit contract in a single day.
With the new staking, the total value of ETH now locked up in the Eth2 contract is currently more than 5% of the cryptocurrency’s entire circulating supply.
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#XRP #Ripple
Ripple director seeks to dispel the ‘centralized banker coin’ myth
Director of Developer Relations at Ripple, Matt Hamilton, set the record straight on XRP and the XRP Ledger.
Before the SEC vs. Ripple lawsuit, the narrative surrounding XRP centered around it not being a “real” cryptocurrency. This is due to several characteristics; chief among them were criticisms over the network’s “closed” centralized nodes.
This resulted in persistent hostility between XRP holders and the rest of the crypto community. Fast forward to now, and while the SEC lawsuit continues to dominate the conversation, the above still lurks in the back of people’s minds.
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Ripple director seeks to dispel the ‘centralized banker coin’ myth
Director of Developer Relations at Ripple, Matt Hamilton, set the record straight on XRP and the XRP Ledger.
Before the SEC vs. Ripple lawsuit, the narrative surrounding XRP centered around it not being a “real” cryptocurrency. This is due to several characteristics; chief among them were criticisms over the network’s “closed” centralized nodes.
This resulted in persistent hostility between XRP holders and the rest of the crypto community. Fast forward to now, and while the SEC lawsuit continues to dominate the conversation, the above still lurks in the back of people’s minds.
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#XRP #Ripple #UAE
Ripple ODL registered in UAE to provide payments & other electronic financial services
XRP community members @RipplePandaXRP and @WKahneman posted tweets announcing that the Ripple ODL trademark is now officially registered with the UAE Ministry of Economy.
According to the tweet, the Liquidity On Demand product has been registered by the commercial department of the UAE regulator to provide P2P financial data delivery services.
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Ripple ODL registered in UAE to provide payments & other electronic financial services
XRP community members @RipplePandaXRP and @WKahneman posted tweets announcing that the Ripple ODL trademark is now officially registered with the UAE Ministry of Economy.
According to the tweet, the Liquidity On Demand product has been registered by the commercial department of the UAE regulator to provide P2P financial data delivery services.
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#Crypto #Iran
Iran to prepare bill to centralize and regulate cryptocurrency use
Iranian lawmakers recently drafted a bill to “support cryptocurrency mining and organizing the domestic market for exchanges.”
The plan involves making the Central Bank of Iran the primary regulatory body regarding the domestic exchange of cryptocurrencies within three months. This includes plans to prohibit the exchange of any cryptocurrency within the country, aside from a national one, as means of payment.
A particularly interesting section of the bill states that domestic crypto miners will be controlled by the Ministry of Industry. Miners must be granted a license from the ministry to operate, as well as a license from the Energy Ministry to construct power plants required to run their operations- which allegedly caused blackouts by draining the city of its electricity supply in May.
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Iran to prepare bill to centralize and regulate cryptocurrency use
Iranian lawmakers recently drafted a bill to “support cryptocurrency mining and organizing the domestic market for exchanges.”
The plan involves making the Central Bank of Iran the primary regulatory body regarding the domestic exchange of cryptocurrencies within three months. This includes plans to prohibit the exchange of any cryptocurrency within the country, aside from a national one, as means of payment.
A particularly interesting section of the bill states that domestic crypto miners will be controlled by the Ministry of Industry. Miners must be granted a license from the ministry to operate, as well as a license from the Energy Ministry to construct power plants required to run their operations- which allegedly caused blackouts by draining the city of its electricity supply in May.
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#ETH #Ethereum
Ethereum (ETH) gas prices drop to lowest rates since March 2020
The price of ETH isn’t the only thing that’s been dropping in recent months. The cost to use the Ethereum network has declined as well.
The average price of gas on the Ethereum blockchain is at its lowest point since March 2020, according to a report today by crypto market research firm Coin Metrics.
Gas refers to the transaction fee on Ethereum, and it’s currently in the 15-30 gwei range. That’s down from roughly 10 times that amount in April, when transaction fees rocketed into the double-digit dollar amount as ETH’s price was soaring.
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Ethereum (ETH) gas prices drop to lowest rates since March 2020
The price of ETH isn’t the only thing that’s been dropping in recent months. The cost to use the Ethereum network has declined as well.
The average price of gas on the Ethereum blockchain is at its lowest point since March 2020, according to a report today by crypto market research firm Coin Metrics.
Gas refers to the transaction fee on Ethereum, and it’s currently in the 15-30 gwei range. That’s down from roughly 10 times that amount in April, when transaction fees rocketed into the double-digit dollar amount as ETH’s price was soaring.
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#Bitcoin #Apple #Crypto
There are rumors that Apple has bought $2.5 billion in Bitcoin
Crypto Twitter has exploded with talk that Apple will soon announce a Bitcoin purchase in the billions of dollars. For example, Galaxy Trading is one of many pushing this rumor. They say the figure is more than $2 billion.
Whereas the CEO of ChainLeak, Joshuwa Roomsburg, puts the rumored purchase amount at $2.5 billion. Roomsburg added, if the rumor is true, he will buy an iPhone to commemorate the occasion.
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There are rumors that Apple has bought $2.5 billion in Bitcoin
Crypto Twitter has exploded with talk that Apple will soon announce a Bitcoin purchase in the billions of dollars. For example, Galaxy Trading is one of many pushing this rumor. They say the figure is more than $2 billion.
Whereas the CEO of ChainLeak, Joshuwa Roomsburg, puts the rumored purchase amount at $2.5 billion. Roomsburg added, if the rumor is true, he will buy an iPhone to commemorate the occasion.
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#Blockchain #Australia #Startup
Australian government grants $4 million to two blockchain startups
Australia’s Minister for Industry, Science and Technology announced 5.6 million Australian dollars ($4.2 million) in grants to two blockchain-focused companies, including traceability firm Everledger and technology consulting startup Convergence.tech.
Everledger, a company focused on building a global registry for diamonds, has received 3 million AUD ($2.2 million) to investigate blockchain technology’s use cases for creating digital certifications for critical minerals through the extraction and movement phases. As previously reported, the firm was deploying blockchain technology by software giant IBM for a transparency platform for the diamond industry.
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Australian government grants $4 million to two blockchain startups
Australia’s Minister for Industry, Science and Technology announced 5.6 million Australian dollars ($4.2 million) in grants to two blockchain-focused companies, including traceability firm Everledger and technology consulting startup Convergence.tech.
Everledger, a company focused on building a global registry for diamonds, has received 3 million AUD ($2.2 million) to investigate blockchain technology’s use cases for creating digital certifications for critical minerals through the extraction and movement phases. As previously reported, the firm was deploying blockchain technology by software giant IBM for a transparency platform for the diamond industry.
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#Blockchain #JPMorgan
JPMorgan is on a blockchain hiring spree
JPMorgan is on a hiring spree for its blockchain unit, seeking to fill positions across audit, engineering and marketing, several LinkedIn postings reveal.
The bank—which has been active in the blockchain space for several years—announced in October 2020 that it would bring all of its blockchain-related products and services under a new business unit, dubbed Onyx. Those services including Liink, a blockchain network of hundreds of financial-services firms and corporations, as well as its Coin Systems business, as per its website.
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JPMorgan is on a blockchain hiring spree
JPMorgan is on a hiring spree for its blockchain unit, seeking to fill positions across audit, engineering and marketing, several LinkedIn postings reveal.
The bank—which has been active in the blockchain space for several years—announced in October 2020 that it would bring all of its blockchain-related products and services under a new business unit, dubbed Onyx. Those services including Liink, a blockchain network of hundreds of financial-services firms and corporations, as well as its Coin Systems business, as per its website.
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#Bitcoin #Crypto #Fiat
Crypto experts see Bitcoin (BTC) replacing fiat money in 20 years
Bitcoin’s (BTC) current price slump has failed to dampen some experts’ optimism regarding the world’s biggest cryptocurrency.
In a new survey by personal finance comparison platform
While the sampling is arguably narrow —
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Crypto experts see Bitcoin (BTC) replacing fiat money in 20 years
Bitcoin’s (BTC) current price slump has failed to dampen some experts’ optimism regarding the world’s biggest cryptocurrency.
In a new survey by personal finance comparison platform
Finder.com, half of the respondents believe Bitcoin will surpass fiat money, or central bank-issued currencies, by 2040.While the sampling is arguably narrow —
Finder.com says the report is based on a panel of 42 cryptocurrency experts — it shows that Bitcoin’s price crash from April’s all-time high didn’t impact the long-term perspective of crypto professionals.Subscribe- www.tg-me.com/InsightsOfCrypto
#Polygon #DAO #Ethereum
Polygon to create a decentralized autonomous organization
Ethereum scalability infrastructure developer Polygon said it will form a decentralized autonomous organization, or DAO, for all of its community members, as well as projects in decentralized finance, or DeFi.
In a Thursday announcement, Polygon called on its members to express their views on the platform forming a DAO. According to Polygon, it plans to create committees to promote discussion between projects including QuickSwap, Sushi Aave and others to “bring DeFi to the next million users.”
“As the Polygon ecosystem grows, the committee members have a front-seat opportunity over others to increase cross-collaboration for their products,” said the project. “Voting for elections of new members could be implemented in multiple ways like by using staked MATIC on PoS or via the DAO tokenholders.”
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Polygon to create a decentralized autonomous organization
Ethereum scalability infrastructure developer Polygon said it will form a decentralized autonomous organization, or DAO, for all of its community members, as well as projects in decentralized finance, or DeFi.
In a Thursday announcement, Polygon called on its members to express their views on the platform forming a DAO. According to Polygon, it plans to create committees to promote discussion between projects including QuickSwap, Sushi Aave and others to “bring DeFi to the next million users.”
“As the Polygon ecosystem grows, the committee members have a front-seat opportunity over others to increase cross-collaboration for their products,” said the project. “Voting for elections of new members could be implemented in multiple ways like by using staked MATIC on PoS or via the DAO tokenholders.”
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#ADA #Cadarno
Cardano’s ADA Token Surges as Fresh Buyers Jump In
Cardano’s ADA token surged in digital-asset markets, pushing the gains this month alone to 112%, as the price fast approaches its all time high.
The number of wallet addresses holding the asset for fewer than 30 days increased by 10% compared to the month of July, possibly a sign that fresh buyers are coming in, according to IntoTheBlock data.
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Cardano’s ADA Token Surges as Fresh Buyers Jump In
Cardano’s ADA token surged in digital-asset markets, pushing the gains this month alone to 112%, as the price fast approaches its all time high.
The number of wallet addresses holding the asset for fewer than 30 days increased by 10% compared to the month of July, possibly a sign that fresh buyers are coming in, according to IntoTheBlock data.
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US Inflation at 39-Year High Fails to Buoy Bitcoin
The consumer price index surged to 6.8% in November, but traders may hold off on investing in risky assets the rest of the year.
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The consumer price index surged to 6.8% in November, but traders may hold off on investing in risky assets the rest of the year.
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Bitcoin Posts Fourth Consecutive Weekly Drop From All-Time High
Bitcoin posted its fourth consecutive weekly decline after a brief bounce triggered by a report showing U.S. inflation accelerated failed to unwind the negative sentiment that has recently gripped digital-asset markets.
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Bitcoin posted its fourth consecutive weekly decline after a brief bounce triggered by a report showing U.S. inflation accelerated failed to unwind the negative sentiment that has recently gripped digital-asset markets.
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Vitalik Buterin outlines ‘endgame’ roadmap for ETH 2.0
Ethereum co-founder Vitalik Buterin has outlined his vision for a “plausible roadmap” for Eth2, presenting a future where the largest smart-contract platform can increase its scalability while meeting high standards for trustlessness and censorship resistance.
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Ethereum co-founder Vitalik Buterin has outlined his vision for a “plausible roadmap” for Eth2, presenting a future where the largest smart-contract platform can increase its scalability while meeting high standards for trustlessness and censorship resistance.
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Bitcoin Exchange Outflows Resume as Stock Markets Get Over Fed Jitters
Crypto investors appear to have resumed bitcoin accumulation, a sign they expect the price to rise, after U.S. stock markets overcame concerns about the economy to post their strongest gains in 10 months last week.
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Crypto investors appear to have resumed bitcoin accumulation, a sign they expect the price to rise, after U.S. stock markets overcame concerns about the economy to post their strongest gains in 10 months last week.
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Sushi Jumps 10% After Top Avalanche Developer Proposes Takeover
Sushi tokens jumped as much as 10% in early European hours to over $6.19 from a low of $5.30 on Sunday night, data from markets tool CoinGecko shows. Prices retraced slightly to $5.90 at press time as traders likely took profits from the bump.
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Sushi tokens jumped as much as 10% in early European hours to over $6.19 from a low of $5.30 on Sunday night, data from markets tool CoinGecko shows. Prices retraced slightly to $5.90 at press time as traders likely took profits from the bump.
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Avalanche Adds USDC Stablecoin in Continued DeFi Push
Avalanche, an Ethereum-rivaling smart contract blockchain, is adding a native version of USDC – the stablecoin backed by cash and liquid cash equivalents that is administered by Boston-based Circle.
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Avalanche, an Ethereum-rivaling smart contract blockchain, is adding a native version of USDC – the stablecoin backed by cash and liquid cash equivalents that is administered by Boston-based Circle.
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Dogecoin Surges as Elon Musk Teases Tesla Merchandise Plan
Dogecoin surged as much as 33% after Tesla CEO Elon Musk said the electric-car maker would accept dogecoins as payment for its merchandise.
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Dogecoin surged as much as 33% after Tesla CEO Elon Musk said the electric-car maker would accept dogecoins as payment for its merchandise.
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