Day: September 5, 2022

Bitcoin Mining Difficulty Witnesses Biggest Increase Since January

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For the world’s leading cryptocurrency, Bitcoin, 2022 has been filled with many crests and troughs. Bitcoin has passed through different dilemmas that created a twist for performance and sentiment in the industry. The chronic crypto winter of the year halved the value of most crypto assets, of which BTC got a severe blow. Though the beginning of the year’s second half brought a little bullish trend, the bears were still quick to take over. But that’s not all it is on the world’s largest cryptocurrency by market cap. More discoveries…

Blockchain incubator valued at $100M following NGC Ventures-led Series A

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Blockchain-focused incubator and adviser PANONY has closed a Series A funding round backed by NGC Ventures, one of Asia’s largest crypto investment firms, putting the company on track to expand its portfolio and geographic presence.  Although the funding terms weren’t disclosed, the Series A gave PANONY a valuation of $100 million, the company reported Monday. The Hong Kong-based PANONY said it would use the funds to expand into other jurisdictions, launch new service offerings and expand its networking capabilities. Founded in 2018 by Alyssa Tsai and Tongtong Bee, PANONY invests…

Cardano has a chance to pass Ethereum

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What does the Fed’s fight against inflation mean for crypto? Macro analyst explains

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The Federal Reserve’s efforts to battle inflation by rising interest rates and killing demand may have limited results as long as the supply side of the inflation problem won’t be fixed, according to macro analyst Lyn Alden.  “Until they actually fix the supply side of certain things, like energy especially, but commodities broadly and logistics infrastructure, until that is improved, it’s hard to have a more persistent fix to the inflationary problem,” Alden told Cointelegraph in an exclusive interview.  Jerome Powell’s speech at Jackson Hole sent a clear signal that…

Bitcoin Struggles To Cement $20K Mark While Chainlink Outperforms

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The crypto market hasn’t been propitious since the Fed’s interest rate hikes. As the fight against inflation becomes more aggressive, the financial markets bleed. Many coins are trading in the reds instead of recovering as investors expected.  Bitcoin and other altcoins have lost their last week’s gains and are now struggling to remain at expected levels. As of September 5, the trading price for most of these assets started very low, indicating a tough week ahead.  Related Reading: Ethereum (ETH) Struggles Ahead Of the Merge, Can Price Retest $1,900? Apart…

Toki Universe Introduces the World’s First Fractionalized NFT PFP Project With an Antique Twist – Sponsored Bitcoin News

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sponsored Toki Universe Family Portrait Toki Universe, consists of Antiques NFT, PFP, and own Miniverse already in place. A brand-new project on the Ethereum blockchain created with the goal of bringing a breath of fresh air to the NFT space. The fractionalized NFT PFP project is delivering an unprecedented antique-themed NFT collection with an out-of-this-world storyline, inspired by the courageous journey of the ever adventurous and resourceful Toki characters to Planet Earth. This other-worldly collection comprises 10,000 treasure hunter PFP NFTs built on the ERC-721a Improvement Protocol. Tiny but mighty,…

Ethereum Nears Another Milestone Ahead Of Merge, Rally Incoming?

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Ethereum has been hitting different milestones in the last year. However, with the announcement of a set date for the move to proof of stake, aka the ‘Merge,’ there has been a flurry of activity on the network, pushing it towards even more impressive records. This time around, the milestone has come in the form of the total number of unique active addresses on the network.  Nearing 205 Million The rate at which new unique and distinct Ethereum addresses are being added to the network has seen an incredible push.…

Staking on Polkadot, explained

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It can do — and in some cases, you may have to lock up your DOT for 120 days. A lot can happen in 120 days — case in point, DOT fell from an all-time high of $55 to lows of $17 over this timeframe… down 69%. This painfully shows why it’s important to assess your options, and consider staking providers where you can earn yield without enduring long lock-up periods and helplessly watching your crypto plunge in value. In some cases, it can take 28 days to unbond from…