Day: August 7, 2022

Nepal Prepares to Issue Digital Currency, Drafts Necessary Amendments โ€“ Finance Bitcoin News

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A task force in Nepal has proposed legal changes allowing the countryโ€™s central bank to issue its own digital currency. The move comes after a study indicated that such an initiative is feasible and recommended certain provisions that would authorize the regulator to proceed with its realization. Nepal Central Bank Prepares Legal Ground for National Digital Currency The Nepal Rastra Bank (NRB) is ready with revisions to the law determining its powers and responsibilities that would allow the monetary authority to issue a digital version of the countryโ€™s fiat currency,…

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For 38 Consecutive Days Ethereum Gas Fees Record the Lowest Rates Since 2020 โ€“ Bitcoin News

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In 43 days, the Ethereum network could finally see a full transition from proof-of-work (PoW) to proof-of-stake (PoS) via The Merge. Meanwhile, during the last 38 days, Ethereumโ€™s layer one (L1) onchain transaction fees have dropped below the $5 mark and tumbled even lower by the end of July. At the time of writing, the average Ethereum network fee is 0.00086 ether or $1.46 per transfer. Median-sized fees are even less, as statistics show transfer fees have been as low as $0.21 to $0.576 per transaction on Sunday morning (EST).…

Move Over, Ethereum โ€“ Bitcoinโ€™s Lightning Network Has Apps, Too

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As of this writing, the Lightning Networkโ€™s capacity โ€“ the total amount of bitcoin in the network โ€“ has reached an all-time high of 4,351 BTC, equivalent to almost $100 million. The list of exchanges that have integrated Lightning is steadily growing, with Kraken, Okcoin and OKEx being the most recent additions. According to Bitcoin Visuals, the number of nodes at the end of July 2021 was around 13,391. That figure has increased by roughly 27% to almost 17,000 nodes. (The actual node count will always be higher as there…

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Analysts Predicts Bitcoin Will Plunge Shortly But Suggest Buy Bitcoin

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It is no secret that many cryptos have been experiencing a price plunge. As of June 18, the price of the worldโ€™s largest digital currency, Bitcoin, fell to about $17,622. This data was taken from Binance. Since then, there have been several conversations as to whether or not that price will be the lowest for the asset. A digital currency analyst from CryptoQuant has revealed the possible price of Bitcoin in the nearest future. CryptoQuant is a recognized digital currency resource platform. According to the analyst, the $17,622 price mark…

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Binance CEO Meets Central African Republic Leader โ€” President Touadรฉra Says Meeting Was a ‘Truly Remarkable Moment’ โ€“ Africa Bitcoin News

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After meeting the leaders of Ivory Coast and Senegal in July, the CEO of the cryptocurrency Binance, Changpeng Zhao, revealed in a tweet that he had recently met the President of the Central African Republic (CAR). Some of the topics discussed by the two were focused on โ€œeducation, investments and crypto adoption in the Central African Republic.โ€ โ€˜An Incredibly Important Stepโ€™ for the CAR As part of his latest effort to drive adoption in Africa, Changpeng Zhao, the CEO of the global cryptocurrency exchange Binance recently met the Central African…

6 Questions for Tongtong Bee of Panony โ€“ Cointelegraph Magazine

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We ask the buidlers in the blockchain and cryptocurrency sector for their thoughts on the industryโ€ฆ and throw in a few random zingers to keep them on their toes! ย  This week, our 6 Questions go to Tongtong Bee, co-founder of Panony โ€” an incubator, investor and adviser for blockchain and Web3 business. Iโ€™m Tongtong Bee, the co-founder of Panony and founder and editor-in-chief of PANews. I started my professional journey as a journalist at Chinaโ€™s traditional news outlets, including China News Service, Jiemian and Cailian Media Group. Since 2015,…