Month: January 2022

German Fintech NAGA to Start Crypto-Focused Social Trading Platform

Publicly traded German fintech NAGA, which offers investment in stocks and crypto via its mobile app, is to start a social trading platform in 2022 called NAGAX, NAGA announced Thursday. The platform, set to launch in Q1 this year, will consist of a crypto wallet, an NFT platform, a staking platform, a spot exchange with around 700 tradable assets and a futures and derivatives exchange. NAGAX will aim to offer a “unique Web3 social trading experience,” whereby user-generated content on the platform is…

Crypto News Roundup for Jan. 13, 2022

This episode is sponsored by Kava. Today’s Stories: Solana Top Gainer Among Crypto Majors After BofA Endorsement, Rising NFT Activity First Mover Asia: Crypto Prices Rise on Better-Than-Expected US Inflation News Stock Futures Waver Ahead of Jobless Claims, More Inflation Data – WSJ European shares edge down as traders contemplate inflation outlook | Financial Times Featured Story: How DAOs Will Transform the Customer Experience This episode was edited & produced by Adrian Blust. Source

Velas Network Blasts off Through Partnership with SpaceChain into the New-Age Space Race

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While the space race for humanity began in the mid-1950s, blockchain technology took its first steps outside Earth in February 2018, and now Elon Musk has declared the start of the space race in early June 2021. With the recent news that SpaceX was going to carry some payload funded by Dogecoin, the latter was likely to be the first cryptocurrency to reach the Moon. Elon Musk’s SpaceX Falcon 9 rocket launched the Transporter 3 rideshare mission with several small satellites for government and industry customers on January 13th. It…

Fed Chair Jerome Powell Argues private stablecoins can co-exist with US CBDC

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On Jan. 11, Federal Reserve Chair Jerome Powell told Senate legislators that nothing prevents privately issued stablecoins from coexisting with a prospective Fed central bank digital currency (CBDC). Jerome Powell Confirms Fed-issued Digital Currency Is Underway Sen. Pat Toomey (R-Pa.) asked Powell during his confirmation hearing for a second term as Fed chairman whether there was place for a future Fed-issued digital currency to coexist with a privately issued stablecoin. Toomey asked: “Is there anything about that that should preclude a well-regulated, privately issued stablecoin from coexisting with a central…

A look at Terra’s ecosystem

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Terra’s native staking token, LUNA, was one of the best-performing cryptocurrencies of 2021, with gains north of 13,000%. Terra has also surpassed Binance Smart Chain (BSC) in total locked value with $17.62 billion, making it the second-biggest DeFi chain just after Ethereum.  Much of this growth is due to Terra’s ecosystem, with a community of developers continually building decentralized applications on top of Terra. But it may come as a surprise to know that before there were hundreds of apps built on Terra, there were only two that existed at…

How to Sell Bitcoin

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Although each platform handles payments a little differently, the process is essentially the same. First, you need to register as a seller on any of these platforms and then set up your sell order. You will be notified when someone shows an interest in your offer. Some platforms such as Localbitcoins have a built-in escrow service to ensure transactions run smoothly. You can receive payment for your bitcoin via Moneygram, cash in the mail, gift cards, bank deposits and even cash in person, depending on your preferred option. If you…

What Is Ether? A Quick Guide to What Ether Is

Five ether are created roughly every 12 seconds. But beyond that, the rules for ether’s economy are open-ended and frequently change as new improvement proposals are agreed upon by the Ethereum developer community. While bitcoin has a hard cap of 21 million bitcoins, Ethereum’s main token does not have a set max supply limit. Source

Bitcoin Miner Rhodium’s Planned IPO Values It at Up to $796M

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Bitcoin miner Rhodium Enterprises plans to offer 7.69 million shares at $12-$14 each in an initial public offering (IPO), according to its U.S. Securities and Exchange Commission (SEC) filing. After the IPO, the company will have about 56.8 million class A shares outstanding, implying a market cap of between $682 million to $796 million. The company will use proceeds from the IPO to repay its outstanding debt and accrued interest under its bridge loan, totaling approximately $31 million as of Sept. 30. Rhodium will also use the funds to build…

Georgia Goes After Crypto Miners Using Subsidized Electricity in Historic Town – Mining Bitcoin News

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A record high consumption of electricity blamed on illegal crypto farms in northwestern Georgia has caught the attention of authorities in the capital Tbilisi. The central government and the local utility are taking on the issue of dealing with power shortages in the mountainous region of Svaneti. With Tourism Hit by Pandemic, People in Georgia Turn to Crypto Mining on Cheap Energy The government of Georgia, a small nation in the Caucasus, has joined forces with the energy distribution company Energo-pro, to address the growing illegal use of electricity to…