An expert has claimed that crypto is trading like risk assets and looking like growth equities, and as the traditional market is likely to continue to see high volatility over the next months, the institutional adoption of crypto is slowing down until global equity markets find stability. Crypto Institutional Adoption The institutional adoption of digital assets is believed to be key to the future maturity and consolidation of the cryptocurrency market. The landscape of cryptocurrencies will likely keep on changing as a response to the ways worldwide regulations, macro environment,…
Day: February 11, 2022
Which Web 3 Protocols Are Most Likely to Succeed? A VC Suggests a Common Thread
The Web 3 protocols most likely to become valuable are popular but also have features that cannot be replicated. Source
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Gold-Backed Tokens Outperform Crypto Market. Further Upside Coming?
The crypto market has been on a recovery trend lately. Even with the market crash, it had already marked a year of massive returns for investors in the space. As is expected with a space with high volatility, crypto assets had begun to crumble in value. But despite the profitable year for cryptocurrencies, a subset of crypto tokens had made their mark as the assets with the highest returns, and they don’t look to be stopping anytime soon. Gold-Backed Tokens Surge These gold-backed assets have helped to increase the liquidity…
What is the Ethereum Arrow Glacier upgrade?
The Ethereum (ETH) Arrow Glacier upgrade is a relatively simple modification implemented in block number 13,773,000 on December 9, 2021. So, is Ethereum proof-of-stake (PoS) now? No, with the Arrow Glacier upgrade, the Ethereum blockchain gets updated to keep it on track. This means that the Ethereum blockchain is yet to upgrade to the PoS model. Moreover, the Arrow Glacier Ethereum upgrade is significant for crypto miners, users, stakers and the upcoming Ethereum 2.0. Like Muir Glacier, the Arrow Glacier network update alters the difficulty bomb (ice age) parameters, pushing…
3 P2E games that don’t need Ethereum to make waves
The rise of blockchain-based play-to-earn (P2E) gaming was one of the leading stories in 2021 as games such as Axie Infinity exploded in popularity and players realized that they could make life-changing amounts of money while also having fun. Weekly number of games by blockchain. Source: Footprint Analytics According to data from Footprint Analytics, the Ethereum network remains the leader when it comes to the number of games launched on-chain, but persistently high fees and network congestion have pushed a growing number of players to layer-2, cross-chain, bridge-supporting networks and…
Were the Alleged Bitfinex Launderers Planning an Escape to Ukraine?
Liechtenstein is a dual U.S.-Russian citizen, and renewed his Russian passport in 2019, say prosecutors. The two also traveled to Ukraine in 2019 for a month-long trip together. While the defense says it was just a vacation, prosecutors contend the two were preparing contingency plans for a life abroad. Source
Uber CEO Says Firm Will ‘Lean Into Crypto’ When It Becomes ‘Environmentally Friendly,’ Less Expensive to Transact – Bitcoin News
Speaking in an interview on Friday, Uber CEO Dara Khosrowshahi explained that the company will accept cryptocurrencies “at some point.” Khosrowshahi noted that there were two downsides to leveraging the cryptocurrencies like bitcoin, such as “the exchange mechanism is expensive, [and] it’s not great for the environment.” Uber CEO Says Firm Will Likely Accept Cryptocurrencies at Some Point, Company Converses About the Subject All the Time At some point in time, Uber Technologies, the mobility service provider (ride-share service) will accept cryptocurrencies, according to Uber’s CEO Dara Khosrowshahi. The Uber…
US Treasury Suggests Miners Won’t Be Subject to IRS Reporting Rules
Industry participants pointed out that miners, stakers and other parties don’t typically have access to customer information that exchanges have when they facilitate transactions. An overly broad definition might be impossible for some entities to comply with. Treasury’s letter, a copy of which was obtained by CoinDesk, suggests the expanded definition would be limited to parties that already collect this information. Source
28/12/2021| Cryptocurrency Tamil news today | Shiba inu coin news | Crypto Tamil | Bitcoin Tamil
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