Day: April 14, 2022

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Oregon Democrat Pitches Campaign NFTs in Crowded House Primary

Crypto’s presence is being felt in the race for Oregon 6 with or without the West NFTs. Another top contender, Oregon State House Rep. Andrea Salinas, once voted to bar blockchain applications from all public services in the state, according to West. Another candidate, Cody Reynolds, is a crypto investor running a self-funded campaign. Source

Conference recap and major themes

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Bitcoin (BTC) has come a long way since an obscure and esoteric white paper written by Satoshi Nakamoto was first published 13 years ago. The Bitcoin 2022 conference, sponsored by Cash App, was perhaps the largest single event for the BTC community as 30,000 attendees and exhibitors descended on Miami Beach, according to the Miami Herald.  Cointelegraph sent a contingency of journalists to experience the bullishness of Bitcoin 2022, a sentiment that was physically represented by a laser-eyed bull statue reminiscent of the Charging Bull on Wall Street in New York…

Bitcoin Mining Difficulty Drops for the Third Time in 2022, Just Over 100K Blocks to Go Until the Halving – Mining Bitcoin News

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Bitcoin miners have received their third break this year as the network’s mining difficulty adjusted downward by 1.26% on April 14 at block height 731,808. Currently, miners have more than 200 exahash per second (EH/s) in computational power dedicated to mining the Bitcoin blockchain as hashrate increased after the difficulty reduction. Additionally, bitcoin miners have another 108,160 blocks to go until the bitcoin reward halving that’s estimated to occur on or around May 3, 2024. Bitcoin Miners Catch Their Third Break in 2022 Bitcoin’s mining difficulty adjustment algorithm (DAA) dropped…

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Bitcoin dives on Wall Street open, DOGE price jumps on Elon Musk’s Twitter offer

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Bitcoin (BTC) took a chunk out of its impulse move above $41,000 on April 14 as Wall Street opened with a whimper.  BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin follows stocks downhill Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it made swift losses as trading began on April 14. The pair had been approaching $41,600 the day prior, but momentum ran out overnight, and the largest cryptocurrency took minutes to shave almost $1,000 off its price at the opening bell.  At the time of writing, $40,000 was still…

Basic tips for getting started investing in DeFi

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Decentralized finance (DeFi) protocols have diversified investment opportunities in the crypto industry by facilitating novel and innovative passive income generation schemes. Delving a bit into how they work, DeFi systems are based on blockchain technology and run on programmable chains such as the BNB Chain and the Ethereum Network. The chains use decentralized peer-to-peer (P2P) finance architectures to cut out the middleman and enable lending, borrowing and liquidity provision. This leads to higher interest rates compared to those provided by regulated financial institutions such as banks.  For perspective, many regulated…

DEX Aggregator 1inch Expands to Fantom Network

The integration will allow traders to source best execution across Curve, Saddle, SushiSwap and other crypto trading venues in Fantom’s cheap, Ethereum-compatible ecosystem. 1inch Network co-founder Sergej Kunz said in a press statement this means more efficient transactions and higher liquidity for users of 1inch’s aggregation and limit order protocol. Source

Ava Labs raises $350M at $5.25B valuation: Report

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According to a report published by Bloomberg on Thursday, Ava Labs is en route to raising a new round of funding for $350 million at a valuation of $5.25 billion. Details of the agreement have not been made public. Ava Labs is the lead developer of the Avalanche (AVAX) blockchain.  The total value locked, or TVL, on AVAX currently sits at $14.6 billion, according to data from DeFi Llama. Decentralized finance, or DeFi, borrowing and lending protocol Aave accounts for 33.72% of the market share on the blockchain.  AVAX has…