Day: January 5, 2022

Voyager Digital’s Estimated Quarterly Revenue Doubles to $165M

Voyager Digital’s estimated revenue for the quarter ended Dec. 31 2021 was $165 million, more than double the $81.5 million figure of the previous quarter. The total revenue for the calendar year 2021 is estimated to be $415 million, the crypto exchange announced on Wednesday. Additionally, Voyager’s net new deposits for the quarter was around $1.04 billion compared to $827 million in the last quarter. The exchange’s total verified users grew to 3.2 million from 2.1 million in the previous quarter. Shares of Voyager were down more than 6.5% on…

Top Bitcoin mining country Kazakhstan turns off internet amid protests

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Kazakhstan, which boasts the second-largest (BTC) mining hash rate in the world, is experiencing major internet disruptions amid local anti-government protests. Network data provider NetBlocks reported Wednesday that Kazakhstan was “in the midst of a nation-scale internet blackout after a day of mobile internet disruptions and partial restrictions.” According to the data, the normalized network connectivity in Kazakhstan fell to 2% on Wednesday. “The incident is likely to severely limit coverage of escalating anti-government protests,” NetBlocks noted. Source: NetBlocks Kazakhtelecom, the largest telecom company in Kazakhstan, has shut down the…

Panther DAO Votes to Launch Private DeFi Protocol End of January – Press release Bitcoin News

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press release PRESS RELEASE. Blockchain history was made earlier this week. Thanks to more than 2,560 DAO votes in a Snapshot proposal, the Panther Protocol was voted to be launched in a private, decentralized manner. This constitutes the very first event of its kind, a feature that sets Panther a step towards its mission to infuse the DeFi ecosystem with native privacy. It is also the very first Private Governance System ever deployed in the crypto industry. Panther’s decentralized, private launch To achieve a fully decentralized, private launch, Panther Protocol’s…

Correction risk rises after ICP price gains nearly 60% in 5 days

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Internet Computer (ICP) has entered 2022 with a bang. The ICP price rose by over 56% in the first five days of the new year, reaching a 30-day high of $38 on Jan. 5. Its massive upside move accompanied a spike in trading volumes, underscoring a strong and healthy bullish sentiment for now. ICP/USD daily price chart. Source: TradingView At the center of ICP’s recent price rally was a flurry of optimistic news. That includes Binance’s decision on Jan. 4 to list a financial instrument that would enable traders to…

Could Kazakhstan Turmoil Cause Another Bitcoin Hash Crash?

Violent protests have poured into the capital of Kazakhstan in an outraged response to sharp fuel rate hikes. For citizens of the central Asian country, the government has resigned and a state of emergency has been declared in the nation’s capital. But for the rest of the world, the turmoil has taken a chunk out of Bitcoin’s hash rate, prompting fears of another “hash crash.” Kazakhstan Internet Blackout Has Big Impact On Hash Rate Back some six months ago, China began banning Bitcoin mining in the region once known to…

Bitcoin ETF decision delayed, SEC commissioner wonders why

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The United States Securities and Exchange Commission has postponed its decision to approve NYDIG’s spot exchange-traded fund (ETF) for Bitcoin (BTC), delaying until March 16. In a notice published on Tuesday, the SEC found it “appropriate to designate a longer period within which to issue an order approving or disapproving” the ETF. Upon the news, BTC’s price didn’t flinch, remaining in its tightly coiled range under $47,000. In a promising turn of events, an SEC bigwig has been vocal in support of a spot ETF. While crypto enthusiasts are used to…

Kevin O’Leary on why he thinks NFTs will become bigger than bitcoin

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“Shark Tank” investor Kevin O’Leary is a big believer in non-fungible tokens — he even thinks they have a shot at becoming bigger than bitcoin. O’Leary, the chairman of O’Shares Investment Advisers, said his belief in NFTs stems from the idea that can they prove ownership of real-world items, such as designer watches or flash cars, digitally rather than with paper records. NFTs are one-of-a-kind crypto tokens that serve to track the provenance and authenticity of rare virtual collectible items such as virtual art and sports memorabilia. There have also…

Drone Racing League Zooms Into Metaverse, Bringing ‘Play to Earn’ to Algorand

Competitive drone racing is joining the play-to-earn party. Drone Racing League (DRL) and Web 3 game developer Playground Games have tapped Algorand’s blockchain to create the first play-to-earn drone game in the metaverse, announced by the league on Wednesday. The details for the game itself have yet to be determined – a representative from DRL told CoinDesk it will look to its community to determine what style of gaming they’d most enjoy. Play-to-earn, or GameFi, refers to an emerging subsector of the crypto world where gamers are rewarded with digital…

New LGBT token aims for equity but raises red flags with community

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The cryptocurrency community has raised concerns about Maricoin, a new token supposedly related to the LGBT+ community, with some people even suspecting the project to be a scam. Launched in December 2021, Maricoin promises to enable a “social, ethical, transparent and transversal means of payment” targeting the global “pink economy,” which is estimated to amount to trillions of dollars. One might question Maricoin’s ethics though, as its name is a portmanteau that plays on a Spanish slur for homosexuals. According to the project’s website, Maricoin runs on the Algorand blockchain,…