Day: January 4, 2022

Kosovar government halts crypto mining amid power crisis

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The government of Kosovo has ceased crypto mining in the country owing to power constraints during the winter season. Kosovo’s Minister of Economy, Artane Rizvanolli, has decided to stop crypto mining following a recommendation from the Technical Committee on Emergency Measures for Energy Supply, according to a report by local outlet Gazeta Express. The report notes that the government made the decision after Kosovo’s power supply fell below the stipulated level, and it began to impose electricity cuts during peak usage periods. According to Rizvanolli, the government decided to establish a technical…

What Is Web 3? Here’s How Future Polkadot Founder Gavin Wood Explained It in 2014

The protocols and technologies on the web, and even at large the internet, served as a great technology preview. The workhorses of SMTP, FTP, HTTP(S), PHP, HTML and Javascript each helped contribute to the sort of rich cloud-based applications we see today such as Google’s Drive, Facebook and Twitter, not to mention the countless other applications ranging through games, shopping, banking and dating. However, going into the future, much of these protocols and technologies will have to be re-engineered according to our new understandings of the interaction between society and…

CoinFund, Franklin Templeton Back NFT Venture Studio Metaversal With $50M Raise

NFT venture studio Metaversal raised a $50 million Series A funding round led by CoinFund and Foxhaven, the company announced Tuesday. The non-fungible token firm says it will use the funding to grow its portfolio and support companies working toward building an open metaverse. NFT interest is back on the rise with projects like Bored Ape Yacht Club eclipsing $1 billion in all-time sales on Tuesday. For context, Metaversal was the first institutional investor in ConstitutionDAO and has collected more than 750 NFTs to date. Collab+Currency, Dapper Labs, Digital Currency…

Bitcoin open interest matches record high amid predictions of BTC price ‘fireworks’ this month

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Bitcoin (BTC) is in line for “explosive” price action as derivatives markets return to form in 2022, a new forecast states. In a tweet on Jan. 4, Vetle Lunde, an analyst at Arcane Research, confirmed that BTC denominated open interest (OI) had returned to all-time highs seen in November. Open interest demands “fireworks” within weeks Bitcoin futures and options have taken a beating during the end-of-year BTC/USD retracement, but as the holiday period ended, consensus began to form around a major comeback. Institutional traders should become the major force on…

Fantom (FTM) Surges, NEAR Sets Highs as Major Cryptos Stagnate

Native tokens of the Fantom and Near blockchains surged as much as 20% in the past 24 hours amid a continuing trend of investors betting on the growth of layer 1 protocols. The NEAR token hit a new all-time high of $17.48 before a brief sell-off at the time of writing. The moves defied stagnation in the price movements of major cryptocurrencies, such as bitcoin and ether, which fell 2% in the past 24 hours, data from CoinGecko showed. Layer 1 networks refer to individual blockchain platforms such as Ethereum…

Spain Reduces ATM Numbers to 2002 Levels as Country Moves to Digital Payments – News Bitcoin News

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The number of ATMs in Spain has been progressively shrinking to levels the country saw in the year 2002. Reports from local media suggest these actions have been taken to reduce costs and to push payment and operation digitalization in the sector. The highest number of ATMs was registered in 2008 when there were 61,714 active machines in the network. Banks in Spain Reduce ATMs The number of ATMs in Spain has dropped to its lowest level since 2002, when the network had 1,795 more ATMs than it…

Bitcoin of America Surpasses 1500+ BTMs – Press release Bitcoin News

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press release PRESS RELEASE. Bitcoin of America, a popular digital currency exchange, has surpassed 1500 plus Bitcoin ATMs. Bitcoin of America is a popular virtual currency exchange, registered as a money services business with the United States Department of Treasury (FinCEN)(RegNum). Apart from ensuring a fast and hassle-free transaction, their customer support makes them the best in the industry. Bitcoin of America is currently headquartered in the city of Chicago. Bitcoin of America has demonstrated rapid growth in 2021. In June of this year, Bitcoin of America’s Chief Financial Officer…

Revuto Becomes First Cardano-Native Asset To List On Top-Tier Exchanges KuCoin and Gate.io Simultaneously

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Listing On Noteworthy CEXs Opens Floodgate For Revuto User Acquisition  Blockchain startup Revuto, a platform that enables users to manage and pay for subscriptions using cryptocurrencies easily, has announced the listing of its Cardano-native REVU token on top-tier centralized exchanges KuCoin and Gate.io. Starting January 7, 2022, retail investors can purchase the token through either of these platforms and be a part of the Revuto community. Revuto is the first dApp on Cardano, designed to leverage Cardano’s native tokens and DeFi solutions to help users pay for their subscriptions and…

NFT-focused holding company raises $50 Series A

Digital asset curator Metaversal announced Tuesday that it has completed a $50 million funding round to further expand its investment capabilities in the nonfungible token (NFT) and metaverse sectors.  The Series A funding round was co-led by investment firms CoinFund and Foxhaven, with additional participation from Collab+Currency, Dapper Labs, Digital Currency Group, Franklin Templeton, Rarible, Theta Blockchain Ventures, Galaxy Vision Hill and others. Metaversal said it will use the funding to expand its NFT-focused business, including acquiring high-profile digital collectibles and supporting projects that are being bootstrapped by its venture…

NFT-focused holding company raises $50M Series A

boss

Digital asset curator Metaversal announced Tuesday that it has completed a $50 million funding round to further expand its investment capabilities in the nonfungible token (NFT) and metaverse sectors.  The Series A funding round was co-led by investment firms CoinFund and Foxhaven, with additional participation from Collab+Currency, Dapper Labs, Digital Currency Group, Franklin Templeton, Rarible, Theta Blockchain Ventures, Galaxy Vision Hill and others. Metaversal said it will use the funding to expand its NFT-focused business, including acquiring high-profile digital collectibles and supporting projects that are being bootstrapped by its venture…