The global blockchain market hit a record high valuation of USD 4.9 billion in 2021, gaining traction across many major industries. Institutional venture capitalists and retail investors are fueling this trend and pumping capital into crypto startups and projects. By 2028, it is predicted to increase at an annual rate of 82.4 percent and soar to a market value of USD 394.60 billion! Despite the highs that the crypto sector has achieved and the potential, it holds for transformation, it is nascent and volatile. Due to the lack of regulations…
Day: March 21, 2022
Crypto Mining, the Energy Crisis and the End of ESG
How a European war made an argument about mining moot. This op-ed is part of Mining Week. Source
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Hackathon Project Winners Declared as Season 1 of the Hackathon Closes
With the immense sensation of the TRON Grand Hackathon 2022, which came to a stop on March 14, we’re delighted to see the winners declared in all four tracks, Web3, NFT, GameFi, and DeFi, on the TRON DAO Forum. The Forum has been an essential establishment for developers to come together, share ideas, create threads, and interact with each other about the crypto community, and activity on the Forum accounted for 40% of the overall score. Consisted of crypto experts, KOLs, and a public community review board, each track’s final…
Arab States of the Gulf open up to digital asset services, March 14–21
Last week got off to an antsy start as the clause that many interpreted as a direct route to ban proof-of-work-(PoW)-based cryptocurrencies made a sudden comeback to the draft of the European Union’s key directive on digital assets. Many in the crypto policy space got immediate flashbacks to other instances of harmful last-minute additions to must-pass legislation days and hours before the vote. It all ended well, though, as the Committee on Economic and Monetary Affairs voted against the draft that contained the hostile language. Over in the United States,…
Abu Dhabi Free Zone Seeks Comments on NFT Rules
A consultation paper looks to bring NFTs into Abu Dhabi’s existing regulatory framework for virtual assets. Source
Second Largest Crypto Network Records 2 Million Ethereum Destroyed in 7 Months – Bitcoin News
This week, the Ethereum network’s burn rate reached a milestone by surpassing 2 million ethereum burned worth $5.81 billion since August 5, 2021. Metrics show the crypto network has a 24-hour burn rate of 1.74 ether per minute, which equates to roughly $5K worth of ether destroyed every 60 seconds. 2 Million Ethereum Burned, More Than $5K in Ether Destroyed Every Minute During the last year, the Ethereum (ETH) network has seen a slew of changes and seven months ago the network implemented the Ethereum Improvement Proposal (EIP) 1559 on…
RUNE rally: A closer look at THORChain’s new synthetic assets
A THORChain synth is unique: Backed by 50% of the underlying asset and 50% of RUNE instead of 100% of the actual asset. THORChain (RUNE) has appreciated nearly 41% in the past seven days, according to the data from Cryptox Markets Pro, and its recent price action is even leading the entire crypto market in the first quarter of 2021. Its mainnet launch, which was originally slated last year, is one of the main factors that led to its recent price surge. But, the other factor that provided added momentum…
A closer look at THORChain’s new synthetic assets
THORChain (RUNE) has appreciated nearly 41% in the past seven days, according to the data from Cointelegraph Markets Pro, and its recent price action is even leading the entire crypto market in the first quarter of 2021. Its mainnet launch, which was originally slated last year, is one of the main factors that led to its recent price surge. But, the other factor that provided added momentum is the integration of synthetic assets to its network. Why was this such a huge deal, and what are its implications for THORChain…
Bitcoin Investor Reacts to Bitcoin Price Crash (from $69K)
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