Wonderland, and its creator Daniele Sestagalli, shot to popularity in November 2021 on the back of the successes of both OlympusDAO, an Ethereum-based algorithmic currency protocol that inspired Wonderland, and Abracadabra, an Ethereum-stablecoin lending project built by Sestagalli. Source
The Solana blockchain has faced its second network performance degradation incident this week. According to Solana, this is happening because of a rise in high compute transactions. As a result, the network capacity, which was originally advertised to be 50,000 transactions per second (TPS), was reduced to several thousand TPS. Solana cited this as the reason why users experienced failed transactions and added that its developers are already working to fix the issues. This latest network issue came only a few days after a similar incident on Tuesday, where users experienced…
Bitcoin (BTC) scooped liquidity at new lows on Jan. 7 as 2022 continued to deliver uninspiring price action. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Trader: BTC price should close above $42,400 Data from Cointelegraph Markets Pro and TradingView showed BTC/USD hitting its lowest levels since September overnight, reaching $40,938 on Bitstamp. The pair had initially bounced at $42,000 but then renewed its descent, surpassing the floor seen in December’s liquidation cascade. Among traders, the discussion focused on a similar event occurring, with targets even including a crash below September’s $30,000…
Argo Blockchain, the sole crypto miner listed on the London Stock Exchange (LSE), said mining revenue fell 5.7% in December as a declining price for bitcoin more than offset an increase in production. The London-based company mined 214 bitcoins last month, taking the total for 2021 to 2,045, according to an announcement Friday. Mining revenue, however, fell to £7.82 million ($10.6 million) even as the number of BTC mined increased from 185 because of sharp dip in bitcoin’s value throughout the month. The number of bitcoin mined by Argo in…
On Wednesday, the non-fungible token (NFT) data and analytics platform Cryptoslam raised $9 million in a capital funding round led by Animoca Brands. Cryptoslam detailed that Mark Cuban participated in the financing and Ashton Kutcher’s and Guy Oseary’s Sound Ventures joined in as well. Cryptoslam Reveals $9 Million Capital Raise, Animoca Brands Leads Investment Non-fungible tokens (NFTs) have become a big deal and a billion-dollar industry since the boom started last year. On January 5, 2022, the NFT-centric data and analytics platform Cryptoslam revealed the company raised $9 million from…
The Japanese entertainment conglomerate and video game company, Konami Holdings Corporation, has revealed a non-fungible token collection in order to celebrate the 35th anniversary of the firm’s franchise “Castlevania.” Konami follows the slew of gaming giants like Ubisoft and Square Enix that have shown a strong interest in developing NFT technology. Konami Unveils NFT Collection Dedicated to the Castlevania Video Game Franchise The gaming giant Konami has leaped into the NFT world faster than pressing up, up, down, down, left, right, left, right, B, A. On Thursday, Konami launched the…
On Thursday, the U.S. two-year treasury yield, which mimics short-term interest rate and inflation expectations better than the 10-year yield, rose to a 22-month high of 0.87%. The short-term yield has more than doubled to 0.76% in the past quarter, according to TradingView. The yields may rise further if the U.S. non-farm payrolls data scheduled for release at 13:30 UTC on Friday show the pace of job additions nearly doubled to 400,000 in December, as expected. That would validate the Fed’s recent hawkish pivot. Source
sponsored From the moment you minted the selected AOZ citizen NFT, we believe a bond has been created between you and this particular PFP artwork, or a persona of the digital world. Digital doesn’t make it less real. There is something about it that strikes you, and you’d believe that it has a particular character you’d also seen in yourself beneath its colorful skin. Now you’ve got a chance to bring your AOZ citizen persona to life. The cooperation jointly announced by Mirrorworld and Metaverz Studio (who has created and…
The Takeaway Tax agencies have several other crypto exchanges on their radar but expect these “inspections” to serve as a deterrent that will make the industry voluntarily fall in line. Agencies have been examining crypto exchanges’ finances in India since August 2021, the investigation is still ongoing and currently focused on evaluating transactions to correctly assess tax liability. The overall tax owed may be manifold the current amount of Rs 84.35 crore (i.e. 843.5 million Indian rupees, or $11.3 million), but calculating the tax on different types of transactions is…
A crackdown on bitcoin mining by China has led to an increase in the number of Thai investors that have acquired and are operating mining rigs, a report has said. The report adds that many of these investors are currently earning between $30 and $40 per day from each mining rig. Chinese Crackdown and the Effect on Mining Rig Prices The number of bitcoin miners in Thailand surged in 2021 after China’s ongoing crackdown on bitcoin mining forced major players in the industry to quit or to ship their equipment…