Day: November 12, 2021

Large Exchange Shows 10x Growth In User Base

Indian crypto exchange WazirX reported a significant growth in its user base and trading volume over the year. They claimed the platform’s user base grew to 10 million during 2021, which represents a tenfold increase. WazirX’s 2021 trading volume to date has been around $38 billion, CoinDesk reported, with a month-over-month increase of 44%. They had an important surge of 2,648% in users who registered to the platform from some of India’s largest cities, Mumbai, Delhi, Kolkata, Chennai, Bengaluru, and Hyderabad (Tier II and Tier III), where crypto trading already…

3 Proof-of-work protocols focused on building Web 3.0

The proof-of-work (PoW) consensus model is the mechanism that kicked off the revolution that launched Bitcoin (BTC) in 2009 and it was the model of choice behind many of the popular projects in the early fledgling years of the crypto ecosystem. As time progressed, other consensus models like proof-of-stake (PoS) rose in popularity, especially as the cost of running mining rigs, the constant need to update equipment and environmental concerns led to the PoW model falling out of favor with many. As a result, projects looking to employ a proof-of-work…

Moonshot to $90K — After Bitcoin Upgrade Taproot Activates, Crypto Advocates Expect the Price to Rally – Market Updates Bitcoin News

In mid-June, the ‘Speedy Trial’ lock-in period for the Bitcoin network upgrade Taproot locked in at block height 687,285 and was mined by the bitcoin mining pool Slushpool. Taproot is expected to activate on the network on Saturday, November 13, 2021, and the upgrade is considered one of the largest changes the protocol has seen since Segregated Witness (Segwit) went live in 2017. Bitcoin Upgrade Taproot Expected to Activate on Saturday Taproot is expected to activate and go live on the main network on Saturday, November 13, 2021, following the…

🥚 Kryptomon – O game que junta elementos de TAMAGOCHI e POKEMON na Blockchain

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Neste vídeo trago pra vocês mais um game que estou de olho e já estou investindo. O Kryptomon trás uma mistura de tudo que sempre curtimos em nossa infância, vamos conhecer? 🥚 Kryptomon – O game que junta elementos de Tamagochi e Pokemon na Blockchain LInks da descrição: Site: Whitepaper: Twitter: Academy: Telegram: Telegram BR: Discord: =================== ⚠️ Esse vídeo não serve como indicação de investimento. Ele reflete minha opinião sincera no momento de gravação do vídeo. NFTs e jogos play to…

Elon Musk Sells Tesla Shares For $5B. Will He Buy Dogecoin?

News of Elon Musk selling Tesla shares has rocked the market lately. The billionaire had sold a total of 2.15 million shares valued at $5 billion on Thursday. The sale comes after a widely received poll that the Tesla boss had earlier set up on Twitter to ask the community what they think about him selling off the shares. At the time, the stocks Musk had proposed to sell had been worth around $25 billion. After the poll went live, it had garnered over 3.5 million votes, with the majority…

A Plan To Help Crypto?

On a daily basis, things shift and news ventures emerge as old ones fade away. Older names in finance, such as MasterCard, are now finding new ways to stay in touch with the future. During an investment community meeting held on November 10th by MasterCard, an announcement and plan was laid out that is a push in the direction in future economics for the firm, with a highlight specifically around cryptocurrency. In this plan, MasterCard discussed specific things that will help the crypto community push forward and allow everyday people…

MyEtherWallet allows users to mint Ethereum blocks as NFTs

MyEtherWallet, or MEW, launched its first nonfungible token (NFT) collection called ETH Blocks on Thursday, which tokenizes individual blocks on the Ethereum blockchain. Unique images associated with ETH Blocks are generated based on the block’s data. These NFTs are available exclusively to MEW users via the MyEtherWallet website. A number of blocks have already been claimed, according to the company. Ethereum’s founders called first dibs on blocks one through 10. There are also 13 ETH Blocks representing the history of Ethereum — such as major milestones, forks and updates to the blockchain…

xDai Wants a Gnosis Merger to Stay Relevant, but Some Tokenholders Are Crying Foul

A historic, multimillion-dollar deal between a layer 1 with a devout following and a major Ethereum infrastructure builder may have hit a snag this week as some token speculators believe they may be getting shortchanged. In a governance forum proposal this week, Gnosis founder Martin Köppelmann laid out a plan that would allow the Ethereum development heavyweight to merge with xDai, a popular Ethereum sidechain for developers and one of the oldest layer 1 alternatives. The merger would combine technical savvy and major funding to create “Gnosis Chain,” a combined…

Wealth flex? Coinbase now allows users to share their crypto allocations

All of United States-based crypto exchange Coinbase’s roughly 68 million verified users can now more easily make information on their portfolio public. In a Coinbase blog post on Friday, senior product manager Rishav Mukherji said the crypto exchange’s app now includes a feature that shares a user’s allocation percentage — not balances — to their network of friends. He said this would just be the first move in the coming weeks for users to begin sharing additional details on trades conducted on Coinbase. “We want to empower the cryptoeconomy to…

Look out below! Dogecoin risks further downside after a key support is tested

Dogecoin (DOGE) is potentially at risk of losing critical support if the price falls from the ascending channel traded in for the last 53 days. Although technical analysis is not an exact science, a daily close below $0.26 will likely invalidate the current movement. DOGE/USD price at FTX. Source: TradingView Aside from the Bitcoin-driven headwinds, which are weighing on DOGE price, this week, the meme token underwent a software upgrade and users were requested to implement version 1.14.5. Two important security patches were involved: “Remote Code Execution in Dogecoin QT”…