Day: April 26, 2023

Social Media App MeWe to Bring Blockchain-Based Identities to 20 million Users Via Frequency

Frequency is a parachain of the Polkadot blockchain, meaning it sets its own rules and follows its own logic but is compatible with the main Polkadot chain as well as other parachains. Parachains pay a comprehensive lease to Polkadot, often with funds gathered from their communities, instead of a fee for each block. This boosts the system’s scalability and stability, according to Frequency. As such, the Frequency blockchain can handle a lot of throughput, needed for social media applications. Source AppBlockchainbasedBringFrequencyidentitiesmediaMeWeMillionsocialUsers CryptoX Portal

Social Media App MeWe to Bring Frequency Blockchain’s Self-Sovereign Identity to Its 20M Users

Frequency is a parachain of the Polkadot blockchain, meaning it sets its own rules and follows its own logic but is compatible with the main Polkadot chain as well as other parachains. Parachains pay a comprehensive lease to Polkadot, often with funds gathered from their communities, instead of a fee for each block. This boosts the system’s scalability and stability, according to Frequency. As such, the Frequency blockchain can handle a lot of throughput, needed for social media applications. Source link

After SEC Chair Gary Gensler’s House Testimony, Why the Politics of Crypto Feels Different This Time

As with most congressional hearings, the event was largely about making political points and grandstanding for the cameras. But it felt significant in that it revealed the scale of Republican dissatisfaction with Gensler’s administration, suggested several points that are likely to become campaign platforms, and publicly weakened the S.E.C. chair’s credibility. That, in turn, could prompt some modifications to the agency’s approach. Source

Bitcoin fear and greed index hits 56%

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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied The bitcoin (BTC) fear and greed index has hit the 56% mark, indicating a bullish investor sentiment. On-chain data released by Glassnode shows the top cryptos including BTC and ETH have witnessed increased outflows so far. Investors bullish on bitcoin The price of bitcoin (BTC), the world’s flagship blockchain-based digital currency has been on the rise since crashing to a low of $15,476 last November. The token surpassed the $31,000 region for the first time in…

Apple quietly removes bitcoin whitepaper from latest macOS Beta

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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Apple’s Beta Software Program members have discovered that the company has removed a digital copy of the original Bitcoin whitepaper from the latest macOS Ventura 13.4 beta 3 update on April 26. The Bitcoin whitepaper was hidden in the macOS system files inside a folder in the Image Capture app, among other random assets such as images and other PDF files. All of these assets were bundled as part of the VirtualScanner.app — a tool that…

Bittrex Global Did Not Serve U.S. Customers, Will Fight SEC Charges in Recent Lawsuit, CEO Oliver Linch Says

“What we’re seeing is a growing realization that the most successful regulatory regimes are ones that have created a framework for crypto on a bespoke basis,” Linch said. “Now, that’s why we’re regulated in Liechtenstein in Bermuda, because what those jurisdictions did really early on is really get to grips with crypto, what the product is, what services, what the risks are, and say to people, ‘OK, well, we can identify and manage. Here’s how you do it safely.’” Source

Bitcoin Difficulty Estimated to Drop After 5 Back-to-Back Increases – Mining Bitcoin News

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Bitcoin’s imminent difficulty change appears to be heading towards a possible decrease, marking the first time in over 73 days, ever since February 12, 2023. The network has witnessed a notable difficulty upswing of approximately 22.62% since block height 778,176. Consequently, with the current block times in place, the mining participants of the network may finally see a drop. Bitcoin Difficulty Expected to Drop 1-4% Lower; BTC Price Spikes 6% Higher Present data suggests that the decline in Bitcoin’s difficulty level could potentially take place around May 4, 2023. The…

With U.S. Crypto Regulations on the Way, Please Enjoy the Final Crypto Winter

Got your skis on? If not, clip in and try to have some fun because this is going to be our very last crypto winter. We’ve had two or three, depending on how you count and this one has certainly been the worst and the most frustrating, but fortunately, it’s going to be the final one and let me explain why: Crypto and blockchain are on the cusp of becoming ordinary, regulated businesses. While it’s always extremely difficult to separate signals from noise, I see three big positive signs for…

First Republic Bank dives another 20% with Bitcoin ‘ready for $40K’

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Bitcoin (BTC) tagged $30,000 into the April 26 Wall Street open as bulls gained further momentum from United States banking woes. BTC/USD 1-day candle chart (Bitstamp). Source: TradingView Hayes: “Uncertainty” driving BTC price, gold Data from Cointelegraph Markets Pro and TradingView followed as it briefly reclaimed the psychological line in the sand, capping 11% gains versus its local lows from April 24. The pair continued to respond positively to the rapidly-evolving next chapter of the U.S. banking crisis. This centered around First Republic Bank, which revealed a $100 billion reduction…