Crypto exchanges blocking known addresses might be spurring demand for privacy-oriented cryptocurrencies, one analyst said. Source
Monero’s XMR, Zcash’s ZEC Jump as Privacy Coins Gain Favor
Day: March 9, 2022
AADollar – A New Generation Stablecoin For a Dynamic Market
The global cryptocurrency market is gradually moving away from the pluralist model of multi asset interaction and is starting to become more centric, revolving around an established and highly capitalized hub of recognized and applicable cryptocurrencies. With the utility token having proven its inability to act as a store of value, the coins and stablecoins are turning into the hub of investment and capital activity on the market. The likes of Bitcoin, Ethereum and USDT Tether are currently holding the position of said hub, with the multiple other altcoins acting…
Federal Reserve works with China’s blockchain ally for instant payments
The United States Federal Reserve is moving forward with its real-time payment project FedNow Service by starting experimenting with the blockchain infrastructure. On Tuesday, the Fed officially launched the FedNow Service Provider Showcase, aiming to provide financial institutions and users with a range of services to help them implement FedNow Service, which launches in 2023. At launch, the showcase includes more than 70 profiles and service providers that support instant payments, including a New York-based blockchain company, focused on instant payment solutions, blockchain interoperability and central bank digital currencies (CBDC).…
Bitcoin transaction fees briefly doubled yet remain exceptionally low
Got some Satoshi to send or Bitcoin (BTC) wallets to reorganize? It’s increasingly cheap to do so. According to an Arcane Research report, Bitcoin “transaction fees have stayed low since July 2021, showing no signs of rising.” Bitcoin mean tx fees remaining very low despite small hike last week. Source: Arcane Research There was, however, a small bump in transaction fees last week. Shown as a small jump at the tail end of the graph, clustering of the mempool pushed “up the average transaction fees per day over the past…
The Ultimate Evolution of the Fantasy Role-Playing Game, The Wasted Lands, Get Listed on Kucoin
According to a report by wax, 75% of online gamers want to exchange virtual assets for a currency that they can use on other platforms and in real life. In the past, players could only play online games for the fun of it; there was no way for them to convert that thrill to ‘earnings.’ The virtual world (that includes games) was utterly distant from the physical world. Cryptocurrency has become a ‘game changer’ in recent years, creating an avenue for players to collect and trade the collectibles they’ve earned…
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Avalanche aims to accelerate subnet adoption with multiverse incentive program
Blockchain network Avalanche announced the launch of Avalanche Multiverse, an incentive program that will accelerate the adoption of subnets that are app-specific blockchain ecosystems. According to the director of Avalanche Foundation, Emin Gün Sirer, subnets are the next big thing on the blockchain. GünSirer said that subnets enable functions that are only possible with “network-level control and open experimentation.” He also mentioned that while smart contracts carried innovations within blockchain in the last five years, he believes subnets are next. Avalanche Foundation Director Emin Gün Sirer. Source: cornell.edu The program will…
Crypto.com gives users in excluded countries one week to repay loans
Crypto.com is reportedly giving users from countries restricted from its loan program until March 15 to repay their crypto loans. The firm updated the list of restricted countries to include the United States, United Kingdom and 38 others. Users from European nations such as Germany, Switzerland and the U.K. have all shared emails from the company regarding the loan closure date. It’s worth noting that some of these users who do not have crypto loans on the platform have received the emails as well. According to the new policy, if…
Bitcoin returns to $42K as markets await potential 7.9% CPI inflation data
Bitcoin (BTC) hit $42,000 on March 9 as an impressive overnight candle saw bulls reclaim support levels. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Trader: Market “still fragile” Data from Cointelegraph Markets Pro and TradingView showed BTC/USD abruptly “squeeze” through previous resistance at $39,600, going on to deliver 24-hour gains of 11.3%. Amid local highs of $42,438 on Bitstamp, the mood among traders was also improving, but caution remained. Multiple macro factors: The Russia-Ukraine war, inflation and the United States‘ incoming executive order on cryptocurrency all kept commentators wary. “I can’t…
Bitcoin Miner Hive to Purchase Intel Mining Chips, Firm Reveals a 100 MW Deployment Deal in Texas – Mining Bitcoin News
On March 7, the publicly-listed mining firm Hive Blockchain Technologies announced the company inked a deal with Intel to purchase new ASIC mining chips. Additionally, Hive has formed an agreement with an original design manufacturer (ODM) and a non-binding letter of intent with Compute North. Hive said the company plans to deploy 100 MW of mining capacity to Compute North’s renewable energy facilities in Texas. Hive to Purchase ASIC Chips From Intel, Aims to Deploy 100 MW in Texas The blockchain company and mining operation Hive (TSX.V: HIVE) (Nasdaq: HIVE)…