The project wants to bridge the worlds of DeFi and NFT. Source
Polychain Leads $22M Investment in NFT Appraisal Protocol Upshot
Month: March 2022
ETH Reaches 1-Month High Above $3,000, as BTC Hits $43,000 – Market Updates Bitcoin News
Ethereum rose to a one-month high above $3,000 on Tuesday, as the global cryptocurrency market place rose by nearly 4%. Bitcoin was also higher during today’s session, moving to its highest point in over three weeks. Bitcoin Bitcoin rose to its highest level in three weeks on Tuesday, as the world’s largest cryptocurrency climbed beyond the $43,000 level. Following a low of $40,850.91 during Monday’s session, BTC/USD rose to an intraday high of $43,389 during today’s session. This is the highest level BTC has traded since March 3, when prices…
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“Optical proof-of-work” would reduce bitcoin’s energy demand and improve geographic distribution of hashrate, proponents argue
Simply shifting the cost curve to up-front cost might lead to the exact opposite centralization problem. Instead of most bitcoin mining ending up near cheap, abundant energy sources that popped up in developing, labor-abundant countries, like China, they might coalesce in developed, capital-abundant countries, like the United States. Specialized mining chips, or ASICs, already have a high-ticket price (over $10,000 for some models) – imagine if they were even more expensive. Requiring immense amounts of startup capital would have a meaningful impact on the feasibility of solo mining, which would…
Bitcoin hovers at $43K on Wall Street open amid growing fever over Terra’s $3B BTC buy-in
Bitcoin (BTC) showed signs of wanting higher levels still on March 22 as Wall Street trading saw a return above $43,000. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Terra co-founder: ‘Most of’ $3 billion still unpurchased Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it continued its newly confident stride to three-week highs. The pair had already gained thanks to encouraging macro signs from China, but it was news from within that really set the pace on the day. In a Twitter Spaces conversation with infamous Bitcoin pundit Udi…
Crypto Providers Would Have to Swap Transaction Details Under OECD Tax-Dodging Proposal
Crypto exchanges would have to share details about the identity and transactions of their users with foreign tax authorities under plans submitted for stakeholder comment Tuesday by the Organization for Economic Cooperation and Development (OECD), which is seeking to avoid foreign digital assets being used to hide wealth. Source
StorX Network Becomes the Answer to XDSea Marketplace’s Storage Needs
Decentralized Storage Provider StorX Network has joined hands with NFT Marketplace XDSea on a partnership set to eliminate IPFS based centralized storage. Under the terms of the collaboration, it follows that XDSea will leverage StorX decentralized storage network as a store for their art, images, and documents. We are thrilled to announce the Partnership between @StorXNetwork and @XDSeaNFT.XDSea will use Storx decentralized storage network to store art, images, and documents. This will remove file storage centralized using ipfs.#StorX #SRX #partnership https://t.co/zfM7asYJaz — StorX Network (@StorXNetwork) March 3, 2022 Standing as…
ETH price hits $3K as major crypto fund adds over $110M Ethereum to Lido’s staking pool
Ethereum’s native token Ether (ETH) rose above $3,000 on March 22 as fresh data suggests Three Arrows Capital staked at least $110 million worth of ETH into Lido’s liquidity pools. The Singapore-based hedge fund manager provided liquidity worth 36,401 ETH to Lido’s “Curve stETH pool” using a third-party Ether wallet, data from Etherscan shows. As a result, it became eligible to receive at least 36,401 stacked Ether (stETH) tokens from Lido: To ensure low slippage when un-staking those tokens for real ETH plus staking reward. Third-party Ethereum wallet that received ETH from Three…
Japanese crypto exchange Coincheck eyes Nasdaq listing after $1.25B SPAC deal
Coincheck Inc., a Japan-based crypto exchange with over 1.5 million verified customers, is eyeing Nasdaq listing after a special purpose acquisition company (SPAC) merger with Thunder Bridge Capital Partners IV, Inc. The combined holding company would be called Coincheck Group, N.V and is expected to list on Nasdaq after finalization of the deal by the second quarter of 2022 with the ticker symbol CNCK. SPACs are publicly traded corporations that do not conduct business. They sell their stock to the public to obtain funding for the future acquisition of a private…
Amber Group strengthens management team with Ehsan Haque as EMEA General Counsel
Amber Group, a leading global digital asset platform, is proud to announce the appointment of Ehsan Haque as its General Counsel for the Europe, Middle East and Africa region (EMEA). Amber Group’s latest appointment comes amid the company’s global expansion plans and its ambitious licensing and regulatory roadmap. The company, now valued at US$3 billion following two successful Series B and Series B+ rounds, has since been expanding with new offices worldwide and regulatory licenses secured in Europe, Latin America and Asia. As Amber Group’s General Counsel, Ehsan will work…