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Bitcoin’s hash rate has returned to all-time highs despite losing a key hash rate contributor. Meanwhile, amid lackluster price action, Block CEO Jack Dorsey confirmed the creation of an open Bitcoin mining system. The BTC space continues to surprise and bewilder critics and fanatics alike. Kazakhstan, the network’s second-most important BTC mining country, experienced an internet blackout last week due to civil unrest. However, the hash rate faltered no more than 13.4% before regathering to reach all-time highs. As shown in the data below from Glassnode, with the price checking into the $42,000 range on Thursday,…
Bitcoin (BTC) hash rate has returned to all-time highs despite losing a key hash rate contributor. Meanwhile, amid lackluster price action, Block CEO Jack Dorsey confirmed the creation of an open Bitcoin mining system. The BTC space continues to surprise and bewilder critics and fanatics alike. Kazakhstan, the network’s second most important BTC mining country, experienced an internet blackout last week due to civil unrest. However, the hash rate faltered no more than 13.4% before regathering to reach all-time highs. As shown in the below data from Glassnode, with the price checking…
The Russian neobank Tinkoff is joining the world of cryptocurrencies with the purchase of a stake in Aximetria, a Swiss-registered and licensed company which provides clients around the world with services and solutions for digital financial assets. Tinkoff Bank Buys Stake in Aximetria TCS Group Holding, the owner of the Russian Tinkoff Bank, has reportedly acquired a controlling stake in the crypto company Aximetria. Official numbers are yet to be announced but according to The Bell, which broke the news quoting financial market sources, TCS Group may now control up…
In December, the Dogecoin Foundation, a nonprofit organization that oversees developments on the network, introduced a roadmap for the project’s revival and rebrand from a mere joke cryptocurrency to a more technical project. It was the first roadmap in Dogecoin’s eight-year history and explored eight new projects, including the launch of LibDogecoin and GigaWallet, as reported. Source
Liquidity pools on decentralized exchanges (DEX) like Uniswap are unlike how traditional exchanges operate. A pool refers to a set of two tokens provided by users to a DEX, which then uses smart contracts to match trades and automatically increase or reduce prices at which the two tokens trade with each other. Source
There’s no denying that 2021 was the Lightning Network’s year. What does the future hold, though? If the objective is to onboard the next billion people, the network needs work and fine-tuning. To grab the bull by the horns, The Human Rights Foundation and Strike set up three 1 BTC bounties. The bounties will go to the first person or team to develop an anonymous Lightning tip jar, a tokenless way to peg BTC to dollars, or a privacy-focused wallet that supports some kind of Chaumian e-cash feature. In a…
Tesla CEO Elon Musk announced that Tesla now accepts Dogecoin (DOGE) as payment for the company’s merchandise. DOGE-eligible products in the Tesla store can be purchased by sending DOGE to Tesla’s Dogecoin wallet. While it’s accepting DOGE, the firm also clarified that they are not taking any other crypto. The company states that it cannot detect other assets but DOGE on its website. The business tells customers that “non-Dogecoin digital assets sent to Tesla will not be returned to the purchaser.” Additionally, items purchased with DOGE “cannot be returned, exchanged…
TooNFT plans to develop a decentralized webtoon platform. The project has raised a staggering $1.75 million in a private round supervised by HG Ventures. The TooNFT project succeeds in attracting institutional investors such as Mindfulness Capital, Adaptive Labs, Prestige Fund, Alphabet, and GBIC. With the backing of such investors, TooNFT is set to become an incredible product. According to the press release, TooNFT will leverage the ecosystem of an immense profit-generating business model of Toomics, a South Korean Webtoon firm. The affiliate of the TooNFT, Toomics has become South Korea’s…
New research from Bank of America Reveals Solana might become the “Visa of the digital asset ecosystem.” Because of its focus on scalability, ease of use, and low transaction costs, the bank stated the Solana blockchain may very well become the equivalent of Visa for the world of cryptocurrencies and NFTs in a research report to its clients after hosting the Solana Foundation’s member Lily Liu. Solana High Throughput Is It Merit In a Tuesday research note, Bank of America digital asset strategist Alkesh Shah said that Ethereum competitor Solana…