Tag: News

Amid Mining Bans, China Still Commands World’s Second-Largest Share of Bitcoin Hashrate – Mining Bitcoin News

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New data stemming from the latest Cambridge Centre for Alternative Finance (CCAF) report on bitcoin mining indicates that China still holds the second position in terms of global hashrate. While China commands close to 22% of Bitcoin’s global hashrate, the United States currently dominates with 37.69%, according to CCAF researchers. China Is Still the World’s Second-Largest Concentration of Bitcoin Miners The Cambridge Centre for Alternative Finance updated the organization’s bitcoin mining data and map in order to highlight 2022 hashrate statistics. In July 2021, Bitcoin.com News reported on the CCAF’s…

Terra Community Plans to Vote on Forking the Chain — Launch May Airdrop a Billion New Tokens to Network Participants – Bitcoin News

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Following the aftermath of Terra’s UST implosion, the blockchain project’s founder Do Kwon has been actively discussing the Terra ecosystem revival plans and one specific proposal will be voted on May 18. The plan is to fork the blockchain into a new chain that does not include an algorithmic stablecoin, and the newly minted tokens from the network will be airdropped to Terra ecosystem participants and holders. Terra Community Members Plan to Vote on a Fork Proposal to Revive the Broken Project Last week the Terra blockchain ecosystem was obliterated…

Bitcoin DROPPING! How Low Can Bitcoin Go? (WORSE CASE SCENARIO) | 4 Crypto Trends EXPLODE in 2022!

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Sign-up for Choice & receive $50 in free bitcoin 👉 Bitcoin 2022 in Miami 👉 💥 💥 💥 Use code “ALTCOINDAILY” for 10% off! 💥 💥 💥 Hit Like, Share, and Subscribe for more daily cryptocurrency news Altcoin Daily, the best cryptocurrency news media online! Follow us on Twitter: Timestamps: 0:00 – Introduction (Watch the whole video!) 0:33 – Bitcoin at CRITICAL Price Zone 1:30 – How Much Lower Can Bitcoin Go? 2:24 – Worse Case Scenario is… 3:27 – Bitcoin will…

The First Rewards Card for the Web3 World by The Crypto Card Club – Press release Bitcoin News

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press release PRESS RELEASE. An emerging NFT company, The Crypto Card Club, has developed an innovative system that aims to recognise and reward investors by merging real-world reward point systems with NFT and Web3 purchases. The groundbreaking service financially rewards holders for their usual NFT spending, attempting to minimise Web3 financial risks and safely help grow investor portfolios. The founder, Harrison Bishop, has stated that they are looking to become THE rewards card for Web 3.0 and ‘IRL’. Members that hold the C3 NFT in their wallet and purchase NFTs…

L1 Ethereum Network Fees Drop to Levels Not Seen in Over 2 Months, L2 Fees Follow – Altcoins Bitcoin News

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Ethereum network fees have dropped a great deal this week, sliding under $10 per transaction to levels not seen since March 10, 2022. On May 17, the average ethereum transfer fee is 0.0027 ether or $5.68 per transaction. The cheaper fees on layer one (L1) have made it so layer two (L2) fees have been between $0.02 and $1.13 per transfer. Ethereum’s Onchain Fees Slide Lower Following a Brief Spike Last Week This week is an optimal time to send ether or use the Ethereum network to swap coins as…

AVAX Rebounds on Tuesday, AAVE up Over 10% – Market Updates Bitcoin News

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Global crypto markets are up over 2% during Tuesday’s session, with AAVE and AVAX two of the biggest tokens to rise. Both of these cryptocurrencies rebounded from losses during yesterday’s session, with AAVE trading as much 10% higher. Aave (AAVE) AAVE rebounded during Tuesday’s trading session, as bulls returned to action after a recent three-day winning streak was snapped yesterday. Following a low of $82.02 to start the week, AAVE/USD rallied by as much as 10% today, hitting a peak of $92.16 in the process. Today’s move pushed prices away…

India’s Central Bank RBI Warns Crypto Could Lead to Dollarization of Economy – Economics Bitcoin News

India’s central bank, the Reserve Bank of India (RBI), has expressed concerns that cryptocurrencies could lead to the dollarization of a part of the Indian economy. “It will seriously undermine the RBI’s capacity to determine monetary policy and regulate the monetary system of the country.” RBI’s Crypto Warnings and Dollarization of Economy The Reserve Bank of India (RBI), the country’s central bank, has warned that cryptocurrencies could lead to the dollarization of a part of the Indian economy, PTI reported Monday, citing unnamed sources. During a briefing with India’s Parliamentary…

ETH Remains Above $2,000, While BTC Recaptures $30K Level – Market Updates Bitcoin News

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BTC moved away from Monday’s lows to surge above $30,000 on Tuesday, as crypto bulls pushed prices higher. ETH continues to trade above $2,000, with prices rising by as much as 4% during today’s trading session. Bitcoin Following a stint below $30,000 to start the week, BTC was trading above this level as bulls made a comeback on Tuesday, Following a low of $29,251.89 during Monday’s session, BTC/USD rose to a peak of $30,678.68 earlier today. Since falling below $30,000 last week, markets have been volatile, as prices have looked…

Square Enix to Reinforce Blockchain Bet, According to Latest Earnings Report – Bitcoin News

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Square Enix has announced its new mid-term business plan, reinforcing its blockchain pivot according to the documents presented. The company will continue to invest in key companies in the blockchain arena, including Animoca Brands and The Sandbox, and will also consider other investments in the area. Square Enix recently sold its Western studios for $300 million, but will reportedly not use the funds to pursue these new Web3 investments. Square Enix Structures Blockchain Strategy Square Enix, the Japanese gaming company, seems determined to include blockchain and play-to-earn (P2E)…

SkillzVault and ESE Entertainment Win Gold at Muse Creative Awards 2022 – Press release Bitcoin News

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press release PRESS RELEASE. At Bitcoin Vault (BTCV), the team pride itself on solving security issues that no one else can, which requires a great deal of creative thinking. But when a team can think outside the box, anything is possible. Now, it has been proven that creativity drives projects forward. BTCV is incredibly happy to announce that BTCV has been awarded the Gold Prize at the Muse Creative Awards for work on the SkillzVault series of events. This initiative was BTCV’s first collaboration with a new partner, ESE Entertainment.…