Day: July 26, 2022

Stablecoins Supply Drops Almost 19% In Q2 2022

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The total supply of stablecoins decreased globally by 18.8% at the end of the second quarter of 2022 as the equities markets and risky assets experience volatile times due to rising inflation and other macro reasons. Stabelcoins Supply Falls In The Second Quarter Digital tokens called stablecoins are anchored to fiat money like the dollar. These currencies are supported by a combination of cash reserves, commercial holdings, and other physical assets and make use of blockchain technology. This week, Arcane Research released a paper that detailed the supply pattern. In…

Kraken Under Investigation for Alleged Sanctions Violations: Report

In February, after the Russian invasion of Ukraine, Powell pushed back against calls to freeze the accounts of Kraken’s Russian users, tweeting: “Our mission at [Kraken] is to bridge individual humans out of the legacy financial system and to bring them in to the world of crypto, where arbitrary lines on maps no longer matter, where they don’t have to worry about being caught in broad, indiscriminate wealth confiscation.” Source

Top 4 Gaming Projects on Solana

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Many blockchains try to build momentum in the play-to-earn gaming vertical. Thanks to its high throughput and low fees, Solana makes for an excellent candidate. Several popular games have already been built on this network and have successfully grown their communities. DeFi Land DeFi Land has become one of the most popular Solana-based blockchain games. Players can choose various gameplay types, enabling a more immersive gaming experience on the Solana blockchain. Moreover, the agriculture-oriented gameplay – involving fishing, shooting, farming, crafting, etc. – is an appealing and approachable concept. It…

What Happens to Celsius Creditors if Crypto Prices Recover?

That said, Mt. Gox is only really an indication of how things have progressed within the slow-moving jurisdiction of Japan, and doesn’t provide a clear indication of what will happen under the U.S. bankruptcy code, noted Thomas Braziel, the founder of 507 Capital, a firm that has purchased Mt. Gox bankruptcy claims. Source

A New Country for Bitcoin Mining Officially Opens Its Doors

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A new ECOS data center with a capacity of 60 MW has been launched in Armenia. Full state support for the Free Economic Zone provides unique benefits and affordable electricity for mining. In 2018, the Armenian government entrusted ECOS to create and manage a Free Economic Zone to support the development of high technologies and the blockchain industry in the country. Today, the company maintains more than 250,000 users that use cloudmining and hosting services worldwide, and you can become a part of the ECOS mining ecosystem! An end-to-end infrastructure…

Cardano Joins The Red Screen – How ADA Fell To $0.45 Over Last 24 Hours

Cardano (ADA) is all flushed today as it plunged by 6% compared to yesterday’s high of $0.53.  While it remains to hover above the 50-day moving average, ADA may drop further down by $0.45 in the next 24 hours as the bears take control of the market. ADA has a fantastic weekend as it glided way up to $0.52 on July 24. However, the coin slid to $0.48 as a result of the issues involved in the Vasil upgrade. ADA bulls are trying to touch the $0.55 resistance level hoping…

Crypto Market Shaves Off $50 Billion In One Day As Reversal Begins

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The crypto market has now seen more than $50 billion lost in a one-day period as the market lost its recovery streak. This had been expected for the market due to the large recoveries recorded in a short period of time. This has brought down the crypto total market to an important level. Crypto Market Drops Below $1 Trillion Bitcoin and Ethereum’s remarkable recoveries last week had done enough to push the whole of the market upward. As a result, the crypt market quickly added more than $100 billion during…

Metaverse Project Genso Closed Beta Test Date and Details Released – Press release Bitcoin News

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press release PRESS RELEASE. Metaverse Project Genso is thrilled to announce the details regarding the Closed Beta Test. Details are as follows ■ Closed Beta Test Period: Starts: July 28, 2022 12:00 -（UTC+8） Ends: TBA ■ How to participate in the Closed Beta Test: ・All players who have Closed Alpha / Beta Testing Tickets will be able to participate in the test. (The same NFT ticket used to enter the Closed Alpha can be used in the Closed Beta Test.) ・Log in to the Beta test from the official homepage.…