Day: November 17, 2021

Binance Smart Chain hits record-high daily transactions

Analytical data from BscScan, a sister product of Etherscan, reveals that Binance Smart Chain (BSC) surpassed 14.7 million blockchain transactions on Tuesday.  This establishes a landmark all-time high for the decentralized finance network, which exceeds the previous high of 13.1 million recorded on July 29 this year. In addition, 276,446 new wallet addresses were created on Tuesday, a notable advancement of the 111,244 new addresses on July 29. The BSC team tweeted an official announcement this morning to share the successful milestone. Congratulations to the whole #BSC community! Binance Smart…

‘Ethereum Killers’ Are Helpful, Not Harmful

Since the launch of initial coin offerings (ICOs) like EOS and Tezos, a steady stream of alternative smart contract platforms have been labeled “Ethereum killers,” immediately pitting them against one another. During 2021, which has arguably been the biggest year of adoption among these alternative layer 1 protocols, the success of Solana, Avalanche and others has not necessarily come at the expense of Ethereum. In fact, the ecosystems are thriving in parallel with applications deploying on all chains. This article originally appeared in Valid Points, CoinDesk’s weekly newsletter breaking down…

Bitcoin Flash Crash or Bitcoin Manipulation – Cryptocurrency News Today 🔴Live

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Bitcoin toys with $60K as crucial price support level sees multiple retests

Bitcoin (BTC) bounced at the pivotal $58,400 during Nov. 17 as the day continued choppy price action.  BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Analyst: This isn’t the “real” bear market Data from Cointelegraph Markets Pro and TradingView showed BTC/USD abruptly reversing after its fourth wick below $59,000 in 24 hours. The $58,400 level had been pronounced as a key line in the sand for bulls Tuesday, this necessary to hold in order to avoid deeper losses. True to form, Bitcoin quickly returned above $60,000 after the retest to see local…

ECB Sounds Alarm Over Linkages Between Stablecoins and Conventional Financial Markets

The search for higher yields amid rising inflation and falling interest rates, have led investors to take greater risks, exposing a broad section of the market, including crypto, vulnerable to corrections, the European Central Bank (ECB) said. The ECB acknowledged that cryptocurrencies have grown in popularity and relevance, and said that the crypto markets are subject to “speculative bouts of volatility.” The increasing use of leverage by crypto investors can lead to “large, concentrated losses,” the central bank said in its bi-yearly financial stability review, which was released on Wednesday.…

Kyrgyzstan Shuts Down Cryptocurrency Farm With 2,500 Mining Rigs – Mining Bitcoin News

Authorities in Kyrgyzstan have uncovered and shut down a large crypto mining farm in the north of the country. Law enforcement officials claim the illegal coin minting facility has inflicted “colossal damage” to the nation’s power grid and that they are still trying to estimate the losses. Underground Crypto Farm Busted in Kyrgyzstan The region of Central Asia, including the Republic of Kyrgyzstan, has become a hotspot for cryptocurrency mining lately. Companies involved in the extraction of digital coins have been attracted by its low energy rates amid an ongoing…

Binance ’s Road To Compliance Continues With A List Of Rights For Crypto Users

After a few scares, Binance ’s offensive moves start. Regulators around the world surrounded the biggest cryptocurrency exchange by market capitalization. Their lawyers were working overtime. There were pitfalls all around. A few months later, Binance is the one setting the rules. They’re the ones inviting the regulators to the castle. They’re trying to set the tone and define what a fully compliant cryptocurrency exchange is.  Related Reading | Breaking Down The Bitcoin Binance Flash Crash By The Second The campaign started with Binance’s first ad in the company’s history.…

Cara Mining Bitcoin di PC GPU pakai nicehash

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CZ reveals how many users left Binance after mandatory KYC

Major crypto exchange Binance took a compliance-friendly approach to its business after years of cat-and-mouse game with regulators around the world and it worked surprisingly well in terms of user retention, according to a new interview with Binance CEO Changpeng Zhao. Speaking to Bloomberg News, CZ noted that Binance made Know Your Customer (KYC) processes mandatory “for global users, for every feature” in a bid to attract new users as a regulatory-compliant business. He revealed that Binance lost about 3% of the users after making KYC obligatory. Binance didn’t immediately respond…

YGG partners with 8 P2E games, Ice Cube and Quiznos drop NFTs

Decentralized gaming guild Yield Guild Games (YGG) has partnered with, and invested in, eight new play-to-earn (P2E) blockchain games. YGG lends out nonfungible token (NFT) gaming assets to Guild players so that they can earn rewards from a long list of P2E games without having to front the costs of purchasing the NFTs themselves. The guild boasts assets from widely popular games such as Axie Infinity and Splinterlands. In an announcement shared with Cointelegraph on Nov. 16, YGG revealed that it had backed eight games with “strong play-to-earn models” including…