Month: April 2022

Binance to drive crypto and blockchain awareness among Indian investors

Crypto exchange Binance announced the parallel launch of three key educational initiatives to fast-track educating Indian investors and students about the cryptocurrency and blockchain ecosystem. While recognizing the importance of investors’ awareness of crypto and blockchain, Binance highlighted that Indian regulators and policymakers cite the lack of education as an area of concern, which currently hinders the widespread adoption of crypto. Primarily targeting the student demographic in India, one of the three educational initiatives launched by Binance involves the initiation of the ‘Blockchain for Good’ Ideathon, a platform for college…

Fidelity’s Bitcoin 401(k) Offering Risks Retirement Security of Americans, Says Labor Department Official – Finance Bitcoin News

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The U.S. Labor Department has “grave concerns” about Fidelity Investments allowing investors to put bitcoin into their 401(k) accounts for retirement savings. An official of the Labor Department said it risks the retirement security of Americans, stressing that “cryptocurrencies can present serious risks to retirement savings.” U.S. Labor Department’s ‘Grave Concerns’ Over Fidelity’s Bitcoin 401(k) Offering The U.S. Labor Department is deeply concerned about Fidelity Investments’ new offering to allow investors to put up to 20% of their 401(k) savings and contributions into bitcoin (BTC). A 401(k) is a popular…

Genius Assets Offers Innovative Way Of Earning Passive Income Through Its Platform

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One of the most popular ways to earn additional money nowadays is through passive income. This is the type of income that may be made automatically and requires little to no effort to achieve or keep. When the earner puts forth minimal effort to increase their income, this is referred to as progressive passive income. Also, although cryptocurrencies may be thought of as volatile and unpredictable, there is a reason why so many people are actively taking part in this burgeoning industry and why even top companies like Samsung and…

Bitcoin network difficulty breaks into a new all-time high of 29.794T

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Reassuring its position as the most resilient blockchain network against attacks, the Bitcoin (BTC) network recorded a new all-time high network difficulty for the second time this month in April — jumping from its previous all-time high of 28.587 trillion to 29.794 trillion. Greater network difficulty demands greater computational power to successfully mine a BTC block, which prevents bad actors from taking over the network and manipulating transactions, also known as double-spending. As evidenced by data from blockchain.com, Bitcoin’s network difficulty has seen almost a year-long uptrend since August 1,…

Blockchain in Manufacturing Market Expected to Hit $17 Billion by 2027

The urge to streamline operations and track assets with unprecedented precision are some of the factors expected to make the blockchain in the global manufacturing market hit $17.047 billion by 2027, according to a report by Research and Markets. This market was worth $717.6 million in 2021 and is anticipated to record a compound annual growth rate (CAGR) of 66.4% during the 2022 to 2027 forecast period. Some of the key market players in manufacturing have been deploying blockchain technology to generate smart home solutions like smart meters.    Therefore, the…

What Can Go Wrong In The Bitcoin Mining Industry?

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io In this Bitcoin Magazine limited series Hashing Holiday mining episode, host Amanda Fabiano discusses what can go wrong in the Bitcoin mining industry with Harry Suduck, Steve Barbour, and Whit Gibbs. This is a limited series that covers all you need to know about mining as the holidays approach. – Bitcoin Magazine is back in print! Get Bitcoin Magazine shipped directly to your front door! Get 21% off with promo code: YTMAG Bitcoin 2022 will be the biggest Bitcoin conference ever! Miami,…

Illegal Use of Cryptocurrency Largely a Myth, Russian Lawmaker Says – Regulation Bitcoin News

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Only a small share of cryptocurrency transactions have illicit purposes and the use of digital coins in illegal activities is for the most part a myth, a high-ranking Russian lawmaker has recently stated. Andrey Lugovoy, who is one of the deputies working on new crypto regulations, also said Russia can become a global leader in crypto mining. Russian Developers Working on Software Detecting ‘Dirty’ Cryptocurrency The illegal use of cryptocurrencies is largely a myth, according to Andrey Lugovoy, a member of the working group on crypto regulation at the State…

Two Altcoins Are Soaring After Surprise Listings on Crypto Exchange Binance

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A low-cap altcoin built on the Stellar (XLM) blockchain is rallying after receiving surprise support from Binance. In a new announcement, the global crypto exchange says that privacy-focused MobileCoin (MOB) will begin trading on its platform. According to the project’s website, “MobileCoin is a security-focused cryptocurrency that addresses four fundamental issues: security, transaction speed, energy consumption and optimization for mobile devices.” MobileCoin specializes in payments across messaging apps, where only the sender and receiver have access to each transaction’s data. A desktop version is also available. The project bills itself…

Understanding the environmental impact of digital collectibles

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NFTs have taken pop culture by storm over the past year. On a nearly daily basis, a new celebrity announces their interest in the emerging technology — usually by dropping an NFT collection. From Quentin Tarantino’s Pulp Fiction NFTs to Snoop Dogg’s NFT music label, a wide range of notable names are beginning to realize the creative value that NFTs offer. While celebrity involvement has played a key role in raising mainstream awareness about the array of NFT use cases and investment potential, it has also drawn the ire of…