Day: November 10, 2021

Top Bitcoin Mining Pool Foundry Starts Digital Currency Staking Business

Foundry Digital, which is among the world’s top five bitcoin mining pools, launched a new business called “Foundry Staking” to provide services to institutions related to various proof-of-stake (PoS) blockchain networks. “We have made significant investments in engineering talent and PoS infrastructure to replicate our mining success in the fast-growing staking industry,” said Foundry CEO Mike Colyer, in a statement on Wednesday. Proof-of-stake is the name of the consensus mechanism that requires users to stake an amount of cryptocurrency to become validators, as opposed to Bitcoin’s proof-of-work that requires users…

Voyager Digital Hits 1M Funded Accounts, Cites Loyalty Program

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. @2021 CoinDesk English Source

Block.one’s Bullish exchange wins license from Gibraltar regulators

Block.one, the developer of the EOS.IO protocol — the blockchain network of the EOS cryptocurrency — continues progressing with its cryptocurrency exchange subsidiary known as Bullish. Bullish officially announced on Wednesday that its branch, Bullish Limited, obtained a distributed ledger technology license from the Gibraltar Financial Services Commission (GFSC). The regulatory approval marks a major milestone ahead of the exchange’s launch. Block.one announced plans to build the exchange in May 2021. Block.one CEO and Bullish chairman Brendan Blumer said that Gibraltar is emerging as a “leading blockchain and virtual assets hub”…

U.S. Inflation’s 3-Decade-High Surge Provides Tailwind for Bitcoin

The main U.S. inflation rate surged last month to its fastest in three decades, according to a Labor Department report Wednesday that’s being viewed as a positive for the price of bitcoin. The Consumer Price Index for all items rose 6.2% in the 12 months through October, the highest since 1990. Economists had projected an increase in the October CPI of 5.9% over the past 12 months. Inflation is closely tracked by cryptocurrency traders because many bitcoin investors say the digital asset – whose supply is limited by the underlying…

Cambridge University to Build Carbon Credit Marketplace on Blockchain

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. @2021 CoinDesk English Source

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Crypto Adoption Numbers in India Could be ‘Exaggerated,’ Says RBI Governor

The governor of the Reserve Bank of India (RBI) believes that the number of Indians reported to be investing in crypto could be “exaggerated.” Shaktikanta Das said he is “not so sure about the numbers which being quoted,” in an interview, which was part of financial newspaper Business Standard’s BFSI Insight Summit on Wednesday. “With a reasonable amount of confidence, I think the number of participants in the crypto market seems somewhat exaggerated,” he said, but admitted the RBI does not have a completely clear view as it is an…

Nigerian Central Bank Intensifying Fight Against Cryptocurrency Traders – Emerging Markets Bitcoin News

Just a few days after launching the e-naira digital currency, the Central Bank of Nigeria (CBN) is now reportedly ramping up the pressure against cryptocurrency traders. Bank Employees Warned In a memo to its staff seen by Bitcoin.com News, one of Nigeria’s leading banks, FCMB, warns its employees against aiding cryptocurrency traders. The bank reveals that any account that is found to be in violation of the CBN directive will be closed. In addition, FCMB said employees that willfully fail to disclose the existence of an account that is involved…

58% of video game developers are already using blockchain

A new study from the United Kingdom revealed that most game studios have already started exploring blockchain technology for their upcoming titles. Commissioned by blockchain platform Stratis and undertaken by insight agency Opinion, the new research surveyed 197 video game developers in the United States and the United Kingdom. The results showed that 58% of developers are beginning to use blockchain technology, and almost half of the respondents (47%) started incorporating nonfungible tokens (NFT). The study indicates developers’ confidence in blockchain and NFTs, as two-thirds of studios expect blockchain to…