Day: December 13, 2023

Dfinity founder says blockchain can bolster efforts to fight climate change

Dominic Williams, founder and chief scientist at Dfinity, says blockchain technology and its decentralized and trustless nature, gives it a unique ability to assist in the fight against climate change.  Williams told Cointelegraph there are three ways in which blockchain can address climate challenges. Blockchain networks can support the creation of trustless infrastructure that offers incentives for climate action, increases efficiency and provides an alternative to traditional information technology, which has a “huge carbon footprint.”  ICYMI: #ICP will be a part of Voluntary Recycling Credits (VRC) This is the first…

SEC wants Binance guilt admission added to own case

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Binance Holdings and its former CEO Changpeng Zhao have reacted to a move by the U.S. Securities and Exchange Commission (SEC). The SEC has filed to include Binance’s admission of guilt to the Department of Justice (DOJ) in its own legal proceedings. In the filing submitted to the U.S. District Court for the District of Columbia, Binance insisted the SEC’s attempt to include the $4.3 billion guilty plea and settlement agreement with the DOJ in the continuing case was procedurally incorrect and should not be allowed. The ongoing Binance-SEC legal case…

Blockchain Gaming Sector Expected to Reach $614.91B in 2030

Analysts at Fortune found that the flourishing landscape of blockchain gaming is not without its hurdles. As such, they have pinpointed several important factors hindering the sector’s growth. With the current global cryptocurrency market valued at around $1.54 trillion, the blockchain gaming sector is set to make waves over the next six years. According to research conducted by analysts at Fortune Business Insights, the decentralized finance gaming sector (GameFi) is projected to hit an impressive $614.91 billion by 2030 at a compound annual growth rate (CAGR) of 21.8%. Blockchain Games…

IMX Rockets To $2.21, Scaling Heights Unseen Since 2022

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Despite market volatility, the IMX token fights the downward pressure and continues its previous upward trajectory, demonstrating a unique resilience and potential decoupling from cryptocurrency correlation. Immutable’s IMX Hits $2 Milestone The trajectory of Immutable’s IMX token has been characterized by a rapid and substantial increase in value since October. This upward movement reached its zenith today, as the IMX token breached past the key $2 level. At the time of writing, IMX was trading at $2.01, up 42% in the last seven days, data from CoinMarketCap shows. Such a…

Swiss City Lugano to accept Bitcoin for tax payments; spotlight on BorroeFinance presale

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Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. In a move that signals a major shift towards cryptocurrency adoption, Lugano, a picturesque Swiss city, has announced it will start accepting Bitcoin (BTC) for tax payments. This decision puts Lugano in the spotlight, showcasing the city’s forward-thinking approach to financial technology. Meanwhile, BorroeFinance (ROE) is drawing investor attention and is being explored as one of the top cryptos investors can examine. Lugano: paving the way for crypto in…

Bitcoin and EOS uptrend sustained, Rebel Satoshi momentum growing

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Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. In the evolving crypto market, Bitcoin (BTC) has been trending higher, creating a wave of optimism among investors. This sentiment is not limited to Bitcoin alone; other digital assets like Eos (EOS) and the emerging memecoin Rebel Satoshi (RBLZ) are also in an uptrend. Bitcoin powers above $40k Bitcoin, the pioneer and flagship of the digital currency world, has been resilient. Consistently hovering above $40,000, it remains a beacon of stability…

BlackRock revises spot Bitcoin ETF application after meeting with SEC

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BlackRock has made structural changes to its application to launch a spot Bitcoin ETF in the U.S. According to the updated filing, Wall Street banks can now create new shares in the fund based on fiat, not just cryptocurrencies. To do this, they need to obtain the status of an authorized participant (AP). Source: BlackRock ETF filing The changes open the way to ETFs for regulated U.S. banks that cannot hold cryptocurrency. They will be able to interact with the BlackRock Bitcoin fund as an AP. Fiat shares of the fund can…

Injective (INJ) Trains Guns On $30 After Hitting $27 ATH

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Injective Protocol’s INJ token has just hit a new all-time high of $27.02. However, it appears that the market is currently in a phase of rest and consolidation, with investors cautiously hopeful yet reluctant to drive prices much higher at the moment. The overall trading activity has decreased from its recent peak, leading to a reduction in market volatility. Despite this, the price of INJ has experienced a 12% increase in the last day, currently trading at $25. Injective Inks 50% Price Rally One of the things to consider as…

AVAX Price Pumps 50% and Dumps 15%, Why Uptrend Is Still Strong

AVAX price rallied over 50% and traded above the $40 level. Avalanche is now correcting gains, but the bulls might remain active near the $32 support zone. AVAX price gained pace above the $30 and $40 levels against the US dollar. The price is trading above $30 and the 100 simple moving average (4 hours). There is a key bullish trend line forming with support near $35.00 on the 4-hour chart of the AVAX/USD pair (data source from Kraken). The pair could continue to rise if it stays above the…