Day: February 20, 2023

The Beginner’s Guide To Better Understand The Blockchain

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“The modern era is all about technology. People from all over the world expect modernization in their everyday lives and they welcome any new technology with open arms. Technologies such as Artificial Intelligence, Augmented Reality, IoT have gained a lot of attention in the past decade and now there is one more addition to the squad – Blockchain Technology.“   What Is A Blockchain?  In simple terms, blockchain is a system to capture information securely, therefore, making it impossible to modify, delete, or hack the information. Blockchain technology falls under…

Summer Tokens to Become Scarcer – Press release Bitcoin News

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press release PRESS RELEASE. Like bitcoin, the four Seasonal Tokens – Spring, Summer, Autumn and Winter – are produced by proof-of-work mining and go through regular halvings that make them harder to obtain as time goes on. Once every nine months, the rate of production of one of the tokens is cut in half. That token goes from being produced at the fastest rate of the four tokens, to the slowest. Summer tokens are currently produced at a rate of one token every 4.3 seconds. On the 6th of March,…

Hong Kong Releases Consultation Paper as It Is Ready to Allow Trading of Large Crypto Coins

The introduction of the consultation paper, which is open until March 31, is the next major show of good faith for the regulator, and industry experts are keeping a close eye on the events moving forward. The Hong Kong Securities and Futures Commission (SFC) has released a consultation paper that shows it is making good on its promise to return the city to its once glorious era as a crypto hub. According to reports, the SFC is looking to permit the trading of large crypto coins for all retail traders…

Crypto Hedge Fund Galois Capital Is Latest Victim of FTX Collapse

As per reports, Galois Capital has nearly $100 million worth of funds stuck with the crypto exchange FTX. The contagion of FTX’s collapse last year in November 2022 continues to spread across the crypto market. Crypto hedge fund Galois Capital has become the latest victim of the FTX collapse. As per the details, Galois Capital has decided to shut down with nearly 50% of the total trapped on FTX. The crypto hedge fund said that it would be returning the rest of the funds to its customers. In the documents seem…

Crypto transaction success rate hinges on user location: Report

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The crypto community continually seeks ways to bridge the gap between traditional finance and fiat currencies with decentralized finance (DeFi) tools. Crypto on-ramp platforms are a primary way users can cross between these two financial ecosystems.  However, a new report from Cointelegraph Research and Onramper, a crypto-based financial services provider, revealed that 50% of fiat-crypto transactions fail, even after Know Your Customer completion. Moreover, due to difficulties in the transaction process, transaction abandonment during the purchase flow can be as high as 90%. The survey looked at nine of the largest fiat-crypto…

Goldman Sachs Analysts Foresee 24% Surge in China Stocks as Country Consolidates on Growth Phase

Goldman Sachs reckons that stocks in China would surge substantially at the end of the year on an improving economy.  Goldman Sachs (NYSE: GS) analysts believe that stocks in China could surge as high as 24% by the end of the year. According to the banking giant’s strategists, this 24% upside could come as the country stabilizes its stringent zero-Covid policy phase. Commenting on the potential growth of the MSCI China index since the country’s reopening, Goldman chief China equity strategist Kinger Lau explained: “We believe the principal theme in the…

Next Crypto Bull Run to Be Led by Asia

According to Winkelovoss, this will be a subtle reminder that crypto is an international asset class and that the West, specifically the US, has two options of either accepting it or being left behind. Cameron Winklevoss, the famous American cryptocurrency investor, made a new statement predicting that the next crypto bull run will be led by Asia. Winklevoss, who is also the founder of Winklevoss Capital Management and Gemini cryptocurrency exchange, is a celebrated crypto pioneer in the community. On February 20th, the Harvard University graduate said that his working…