Shift toward full decentralization pushes Maker (MKR) price above $4K

Stablecoins have become a significant foundational piece for the cryptocurrency sector because they serve as a deeply liquid base pair for most assets and also offer investors a secure place to capture gains. Data also shows that stablecoins play a significant role in functioning as a gateway for capital inflow to the crypto ecosystem. While the largest stablecoins in the market are currently controlled and issued by centralized entities like Tether or Circle, DAI and its issuer Maker (MKR) is one stablecoin project that keeps with the ethos of decentralization…

Decentraland announces layer-two MANA token transfers, plans for full migration

Just a day after two decentralized finance powerhouses announced layer-two integrations via the Polygon sidechain, a major nonfungible token and gaming title has today followed suit. In a blog post this morning, NFT-powered virtual world and video game Decentraland announced a token bridge enabling users to move native MANA tokens to Polygon and back. At the time of publication, MANA is the 80th ranked token by marketcap and has risen 3750% on the year to $1.01, per Coingecko. This is just the first step in what will be a significantly…

Goldman Sachs to Offer ‘Full Spectrum’ of Bitcoin Investments – Markets and Prices Bitcoin News

Goldman Sachs has revealed that it will be offering bitcoin investments to its wealth management clients. The investment bank reportedly plans to offer a “full spectrum” of bitcoin investments, “whether that’s through the physical bitcoin, derivatives or traditional investment vehicles.” Goldman Sachs to Begin Offering Bitcoin Investments to Wealthy Clients Goldman Sachs is the second major bank to say that it will be offering its wealthy clients access to bitcoin investments. CNBC reported on Wednesday that the bank is close to offering its first investment vehicles for bitcoin to clients…

Kava launches Hard V2 to become first full lending protocol in the Cosmos ecosystem

Kava, a DeFi-centric blockchain project built on the Cosmos SDK, has announced the concurrent release of Kava 5.1 and Hard Protocol V2, which marks the full launch of two-sided lending markets on the Kava blockchain. The Kava 5.1 upgrade is a significant boost to performance over previous major versions, with the team claiming a ten-fold increase in throughput through “consensus enhancements.” The upgrade also carries improvements to the BEP3 relayer that acts as the connection to Binance Smart Chain, and other improvements to APIs and overall reliability. The Kava 5.1…

China and Japan go full steam ahead with CBDC pilots

China and Japan are pushing forward with their respective pilots for central bank-issued digital currencies, or CBDCs. On March 26, Bank of Japan announced it had established the Liaison and Coordination Committee on Central Bank Digital Currency to convene with both the private sector on the banks upcoming CBDC proof-of-concept, or PoC, stating: “The Bank, through this committee, will share details of, and provide updates on the PoC with the private sector and the government and will seek consultation on future steps to facilitate smooth implementation of the PoC.” The…

Bitcoin price rally to $61,800 shows BTC bulls are in full control

On March 13 bulls took full control of the crypto market as Bitcoin (BTC) price vaulted to a new all-time high at $61,844 after a high volume surge pushed the price through overhead resistance near $58,000.   Analysts had spent the week calling for an eventual move above the $60,000 level and social metrics showed bullish sentiment for Bitcoin continued to increase as a number of companies and institutional investors announced plans to make BTC purchases.  BTC/USDT 4-hour chart. Source: TradingView Bitcoin now finds itself in the realm of price discovery as…

Nvidia RTX 3060 mines Ether at full power as miners allegedly bypass hash limits

Nvidia’s attempt to shift Ether (ETH) miners away from its new GeForce RTX 3060 graphics card by limiting its hash rate appears to have been short-lived. Screenshots posted by tech leak Twitter account I_Leak_VN show a stack of eight RTX 3060 graphics cards operating at far above Nvidia’s 20-25 MH/s mining limit, while reportedly using Ethereum’s Dagger-Hashimoto mining algorithm. On the same day, a cryptocurrency-focused Facebook group from Vietnam posted a graphic announcing that the RTX 3060 had indeed been bypassed, and could now reach its full power of 50…

SNOW Stock Down 9% Yesterday, Snowflake Releases Q4 and Full Fiscal Year Earnings Report

In its earnings report, Snowflake also gave a projection of its anticipated performance for the fiscal 2022 financial year. American cloud-based data-warehousing company Snowflake Inc (NYSE: SNOW) has released its earnings report for both the fourth quarter and the full 2021 fiscal year. According to the official press release, the firm reported product revenue of $178.3 million in the fourth quarter, representing 116% year-over-year growth. With a total of 4,139 clients, Snowflake noted it had a revenue retention rate of 168% and that it has 77 customers with trailing 12-month…

Indian Central Bank Informs Government of Major Crypto Concerns — Digital Rupee ‘Receiving Our Full Attention’ – Regulation Bitcoin News

India’s central bank governor Shaktikanta Das has revealed that the bank has “major concerns” about cryptocurrencies, and it has informed the government of them. He expects that the government will soon make a decision on cryptocurrency. Meanwhile, the Reserve Bank of India (RBI) is giving its full attention to the digital rupee. RBI Has Major Concerns About Cryptocurrencies The governor of India’s central bank expressed concerns over the possible impact made by cryptocurrencies on the country’s financial stability and the economy Wednesday. In an interview with CNBC-TV18, RBI Governor Shaktikanta…