Wealthy Ukrainians, at least those who have not fled the country, are looking to cryptocurrencies as a safe haven for their assets as the Russian-Ukraine conflict heats up. However, there’s a limited supply of Tether’s USDT dollar-linked stablecoins, and that limit has pushed up the exchange rate to a sizable premium. Source
▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io How do participants in a bitcoin mining pool share rewards in a way that reflects their actual contributions and does not allow them to cheat? Watch and learn. Chapters 0:00 How do participants in the bitcoin mining pool share rewards in such a way that reflects their actual effort without allowing miners to cheat? 0:33 How do mining pools work? 1:27 Difficulty targets and pool rewards 4:20 Participants cannot cheat Related Videos: What is a nonce? Nonces, Mining, and Quantum Computing: Number…
On Wednesday, decentralized finance (DeFi) detective Zachxbt published a long thread on Twitter about TreasureDAO’s front-end engineer Just Cheese, or JC, and his alleged past involvement in several nonfungible token (NFT) projects. According to its white paper, TreasureDAO is a “decentralized NFT ecosystem on Arbitrum that is built specifically for metaverse projects.” Listed projects use the ecosystem’s native token, MAGIC, for transactions, with TreasureDAO governing the emission of MAGIC. As told by Zachxbt, the story began when JC shared his wallet address in the TreasureDAO Discord last November. The DeFi…
The firm also noticed short-term holders purchasing bitcoin in recent weeks, with an average cost basis of $33,500 to $44,600. Still, for now, buying volume remains low, which means recent bids from short-term holders aren’t enough to trigger a sustained upswing in price. Source
On Tuesday, journalist Laura Shin published a story that claims to identify the 2016 Genesis DAO hacker who siphoned 3.6 million ethereum from the decentralized autonomous organization. While the story surprised the crypto community, one of the biggest eye-openers was the blockchain analysis methods leveraged, and the claim that Chainalysis allegedly “de-mixed” Wasabi transactions. Community Shocked by Chainalysis ‘De-Mixing’ Wasabi Transactions, Samourai Wallet Criticizes Wasabi’s Coinjoin Scheme An article published by the journalist Laura Shin has revealed a so-called shocker about the use of Coinjoin transactions. Specifically, Shin’s report highlighted…
Cointelegraph’s Jackson DuMont, the director of the video, tackles the topic of the “next big thing:” the Metaverse. He explains the who, what and why behind the Metaverse and deep dives into how its blockchain technology has the potential to alter the online lives of internet users. The term was originally coined by Neil Stephenson in his 1992 novel Snow Crash. Although not a new concept, recent increased activity and developments within the collaborative virtual spaces have turned it into a new economic virtual realm that rivals the current physical…
Tezos (XTX) has had a tough few months, but things are looking up for this blockchain cat patent-pending coin. Unfortunately, after slumping to an all-time low at the start of January and then climbing back up over 80% by early February – it seems like there’s not much more room left in its recovery. The Tezos (XTZ) recovery has been nothing short of impeccable. The coin has come from six-month lows to report gains of over 80%. Moreover, it’s’s gone up almost threefold in just the last few weeks. At…
▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io The cryptocurrency market was worth more than $1.6 trillion by the end of the July 2021. And bitcoin controls more than 47 percent of that market, according to Tradingview.com, down from more than 70 percent at the start of 2021. Altcoins, or alternatives to bitcoin, have surged in number and value since 2018. Crypto networks with advanced technologies such as Ethereum, Polygon and Uniswap have captured more and more of the crypto market. And there’s also stablecoins, utility coins and meme currencies…
Traders showed some optimism even as President Joe Biden announced more sanctions. Original
CryptoX – Cryptocurrency Analysis and News Portal The company is likely to focus more on asset management than an exchange business. Source The post Huobi Plans Return to US Months After Shuttering China Business appeared first on CryptoX. CryptoX Portal