Day: December 8, 2021

Bitcoin Holds Steady as Crypto CEOs Testify, Ether Climbs

“First Mover” hosts spoke with Kalin Metodiev, co-founder and managing partner at Nexo, as the fintech formed a partnership with Fidelity Digital Assets to expand institutional access to crypto. MoonPay co-founder and CEO Ivan Soto-Wright provided insights into its latest funding round that values the company at $3 billion. Crypto CEOs are testifying in front of lawmakers today. CryptoX’s managing editor for global policy and regulation, Nikhilesh De, brought us the latest from the hearing. Plus, CryptoX Chief Insights columnist David Z. Morris spoke with one of CryptoX’s Most Influential…

GYEN Token Coinbase Permanent Delisting

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Despite Red Bitcoin, On-Chain Signals Flip Green

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Bitcoin on-chain signals have remained green despite the recent red week. Bitcoin’s price had taken a plunge towards $40K and had brought a lot of losses with it as billions of dollars in long positions were liquidated on December 4th in one of the sharpest declines of the year. Mostly this has brought down a number of metrics associated with the asset but on-chain signals remain resistant. On-chain data all ranging from miner revenues, transaction fees, hashrate, and daily transaction volumes have all shown positive trends for bitcoin. None of…

Foundry Launches Bitcoin Mining Machine Marketplace, US Pool Becomes the World’s Largest Miner – Mining Bitcoin News

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The firm Foundry Digital announced on Wednesday that the business has launched a bitcoin mining rig marketplace called Foundryx. According to Foundry, the company has access to more than 40,000 mining machines that are ready for resale. In addition to the marketplace launch, the company’s mining operation, Foundry USA, has become the world’s largest bitcoin miner in terms of hashrate. Mining Pool Foundry USA Becomes Top Bitcoin Miner, Firm Reveals New Mining Machine Marketplace With Access to 40,000 ASICs At the end of August 2020, Digital Currency Group (DCG) revealed…

3 reasons why DeFiChain (DFI) price has gained 60% in December

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Decentralized finance (DeFi) offers one of the most widely applicable use-cases for distributed ledger technology and today it is one of the main avenues for the wider adoption of blockchain technology. Last week, as the wider crypto market corrected and Bitcoin (BTC) dropped by 22%, DeFiChain (DFI) bucked the trend and rallied 76% to establish a new high at $5.70 on Dec. 6 as its 24-hour trading volume surged from an average of $3.6 million to $24.3 million. DFI/USDT 4-hour chart. Source: TradingView Three reasons for the price breakout for…

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Sushi CTO Joseph Delong Resigns After Reports of Project Infighting

CryptoX – Cryptocurrency Analysis and News Portal Sushi is currently looking to release Trident, a major upgrade expected to include a variety of automated market maker (AMM) models connected through Tines, an order-routing engine, as well as BentoBox, a yield-bearing base layer for the various AMMs. Sushi’s primary product is currently a fork of Uniswap v2 deployed on various chains. Source The post Sushi CTO Joseph Delong Resigns After Reports of Project Infighting appeared first on CryptoX. CryptoX Portal

Label Foundation Has Announced an Official Deployment on Binance Smart Chain – Press release Bitcoin News

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press release PRESS RELEASE. Label Foundation has recently announced its readiness to deploy on the Binance Smart Chain, utilizing the cross-chain bridge that they have developed in cooperation with the Tokyo-based blockchain development company, Curvegrid. The deployment of the bridge pinpoints to the initiation of the Label’s integration into the Binance Smart Chain’s ecosystem. Label may be understood as a blockchain-oriented international education content platform which presents an incubation system that readily supports various promotion, distribution and investment processes in an attempt to eliminate obstacles and challenges pertaining to existing…

Kickstarter plans to migrate to platform built on Celo blockchain

Crowdfunding platform Kickstarter will be launching a new company that will eventually see its website move to a blockchain-based system on Celo.  In a Wednesday blog post, CEO Aziz Hasan and co-founder Perry Chen said Kickstarter would be developing an open-source protocol that will live on the Celo blockchain. The two execs cited the blockchain’s efforts in minimizing its environmental impact — being carbon negative — in addition to the fact it was open source. “We are entering a significant moment for alternative governance models, and we think there’s an important opportunity…

Market Wrap: Cryptocurrencies Stabilize as Some Traders Buy the Dip

Bitcoin was roughly flat over the past 24 hours as buyers attempted to continue to reverse some of last weekend’s losses. Some short-term traders are buying on dips, while others remain cautious about what crypto prices will be over the next month. “In spite of the shock sell-off, volatility markets remain relatively calm. The knee-jerk spike in BTC and ETH implied volatility faded very quickly and the volatility term structure reverted to an upward sloping one, indicating no heightened fear or panic in the near-term,” crypto trading firm QCP Capital…