Day: July 5, 2022

Key Metrics to Measure Blockchain Network Performance

Everything out there has a particular set of characteristics against which its performance can be measured. Be it something as simple as a car or as intricately intertwined as the blockchain. These factors also help draw a comparison between two or multiple blockchains in order to find out the one that’s best for developing projects, trading coins, or minting NFTs. So, let’s find out the key metrics employed to measure the blockchain network performance. You could also use these to compare Zenith, a hybrid chain, with other blockchains and find…

NFT and Web3 gaming console to launch in 2024, Chinese firms to check ID for NFT buying, and more

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Polium, a company that markets itself as “building the products and infrastructure for Web3 gaming,” has said it’s launching a gaming console that will support multiple blockchains and nonfungible tokens (NFTs). The “Polium One” console announced on July 3 is slated for an initial Q3 2024 release and will support the Ethereum (ETH), Solana (SOL), Polygon (MATIC), BNB Chain (BNB), ImmutableX, Harmony, EOS, and WAX blockchains. We are introducing the Polium One, A multi-chain console for Web 3 Gaming. #Web3OnConsole pic.twitter.com/tkRaP2O13A — Polium (@Polium__) July 2, 2022 Currently, the only…

Crypto community eyeing three macro events to tip crypto scales in July

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The crypto community is looking into three key dates this month that could profoundly impact the trajectory of the crypto market and the wider United States macroeconomic environment this year.  On July 13, the monthly Consumer Price Index (CPI) and data relating to inflation will be released to the public. On July 26-27, a decision will be made as to whether to hike interest rates further, while on July 28, the United States Q2 2022 Gross Domestic Product (GDP) estimates will tell us whether the country is in a technical…

Indian crypto trading volumes slump following hefty taxes

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Trading volume on three major Indian crypto exchanges plummeted 72.5% on average since July 1, when a 1% tax per transaction was enforced in the country. The Tax Deducted at Source (TDS) came into effect on July 1 and appears to have negatively affected traders as exchange volumes dropped from 37.4% on BitBNS and 90.9% on CoinDCX by July 3. Volumes have stabilized slightly since hitting lows but are still down 56.8% on average, according to CoinGecko. Indian YouTube channel Crypto India tweeted on July 4 that exchange revenues, based…

Institutional investors shorting Bitcoin made up 80% of weekly inflows

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Institutional investors loaded up on a record $51.4 million worth of investment products offering exposure to shorting the price of Bitcoin (BTC) last week. According to data from the latest edition of CoinShares’ weekly “Digital Asset Fund Flows” report, there was $64 million worth of inflows for digital asset products between June 27 and July 1, with short BTC funds representing 80% of that figure. U.S.-based investors accounted for the lion’s share of inflows at $46.2 million, with short-BTC investment products in solid demand after ProShares launched the first-ever U.S.-based…

5 Best Mining Apps for Android – Crypto Mining on Android (FREE & Legit)

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Are you looking for the best mining apps for Android to earn crypto free and easily? This video will show you 5 legit and realistic free mining apps for Android. ✔️Links to options mentioned in the video👇: Join Pi Network (use code: PFSpi): Join Hi Dollars (use code: MikaelM): Join Coin App: Join Cryptotab: Stormgain Warning Update: If you want to earn cryptocurrency for free, then an easy method to do this is by using mining apps for Android. However, there are…

Peter Schiff’s Euro Pacific Bank Suspended by Puerto Rico’s Regulator — Schiff Insists No Evidence of Crime – Regulation Bitcoin News

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Peter Schiff-owned Euro Pacific Bank has been suspended by Puerto Rico’s financial regulator. Schiff claims that there’s “no evidence of crimes,” warning that “accounts are frozen and customers may lose money.” Puerto Rico’s Regulator Suspends Peter Schiff’s Bank Euro Pacific Bank, owned by notorious bitcoin skeptic and gold bug Peter Schiff, has been suspended by the Office of the Commissioner of Financial Institutions of Puerto Rico, also known as Oficina del Comisionado de Instituciones Financieras (OCIF). Insisting that there is no evidence of crime at the bank, Schiff tweeted Sunday:…

Metaverse Domains Are Trending as Minting Goes Live on Quik․com – Sponsored Bitcoin News

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sponsored Quik.com, a portal to the web3-optimized metaverse, is bringing firsthand knowledge of the .metaverse, .vr, .web3, and many other top-level domains to the web3 race. These domains on Quik.com are minted on blockchain technology and are featured to be stored as an asset in the user’s digital wallet and held, sold, or even exchanged if the owner wishes to. These features separate them from traditional domains as they are not under centralized control. This allows them to reject third-party interference and secure privacy over data ownership. Users must link…