Crypto
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Ankr Becomes an RPC Provider to Ethereum L2 Scaling Solution Optimism
San Francisco, United States, 15th June, 2022, Chainwire Ankr, one of the world’s fastest-growing Web3 infrastructure providers, is thrilled to announce that it has become an RPC (Remote Procedure Call) provider to Optimism, a blazing-fast and low-cost Layer-2 scaling solution for the Ethereum blockchain. Following this partnership, Ankr is now an RPC provider to 17 blockchains including Ethereum, BNB Chain, Solana, and Avalanche. An RPC enables various applications to interact with the blockchain. Ankr Protocol serves an average of six billion blockchain requests per day across more than 50 networks. Ankr delivers time-tested and high-performance RPC node infrastructure to handle any request load, massively expanding Optimism’s public RPC resources. “Apps and integrations choose to ...
CONSENSUS 2022 HIGHLIGHTS: PlayDapp Makes 3 Major Announcements at the World’s Largest Blockchain Conference
Wilmington, Delaware, 15th June, 2022, Chainwire At The recent Consensus 2022 Conference, The Blockchain Middleware Provider Announced The Launch Of A Metaverse Virtual World, A New Play-to-earn Baseball Game And An Update On PlayDapp – IPX Partnership [embedded content] After two years of running online, Consensus 2022, the world’s largest blockchain conference, finally took place in person last weekend in Austin, Texas, where the focus was non-fungible tokens (NFTs). At this historic event, global blockchain middleware provider PlayDapp made three significant announcements that include: PlayDapp has partnered with Samsung to create Metaverse Virtual World, which will be the first-ever metaverse experience of a theme park Based on the largest theme park in South Korea – Everland Resort, t...
The crypto industry must do more to promote encryption, says Meltem Demirors
“I like to call myself a future, or aspiring, cult leader,” Meltem Demirors, chief strategy officer of CoinShares — a publicly listed investment firm managing around $5 billion in assets — told Cointelegraph. Demirors, who first entered the Bitcoin (BTC) space in late 2012, further mentioned that it has been “fun to see how big the crypto sector has become,” noting that people from all walks of life are now interested in the cryptocurrency space. As such, Demirors explained that “crypto cults” are bringing people together in a positive manner, especially since it gives people a sense of purpose and belonging. When it comes to regulations — one of the most important topics facing the crypto industry today — Demirors expressed skepticism. “Having been in this industry professiona...
Chainlink integrates with Moonbeam to provide price data to Polkadot developers
Decentralized oracle network Chainlink (LINK) has integrated its service called Chainlink Price Feeds to Moonbeam, a smart contract parachain on Polkadot (DOT), to provide data to developers in the platform. In a release sent to Cointelegraph, Chainlink’s team noted that going live on Moonbeam will allow those who build within the platform to access price information that’s compiled and aggregated from many different exchanges. This allows decentralized finance (DeFi) developers to bring price accuracy to their decentralized applications (DApps). Moonbeam founder Derek Yoo mentioned that access to off-chain asset prices has many uses in DeFi, but resistance to attacks and manipulation in price data is hard to achieve. However, the Moonbeam founder believes that Chainlink is abl...
Bitcoin bounces 8% from lows amid warning BTC price bottom ‘shouldn’t be like that’
Bitcoin (BTC) spared hodlers the pain of losing $20,000 on June 15 after BTC/USD came dangerously close to last cycle’s high. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin “bottom” fools nobody Data from Cointelegraph Markets Pro and TradingView showed BTC/USD surging higher after reaching $20,079 on Bitstamp. In a pause from its sell-off, the pair followed United States equities higher on the Wall Street open, hitting $21,700. The S&P 500 gained 1.4% after the opening bell, while the Nasdaq Composite Index managed 1.6%. The renewed market strength, commentators said, was thanks to the majority already pricing in outsized key rate hikes by the Federal Reserve, due to be confirmed on the day. Nonetheless, it was crypto taking the worst hit in...
FINRA may hire employees terminated from crypto firms: Report
The United States Financial Industry Regulatory Authority, or FINRA, reportedly plans to “bulk up” its capability to monitor crypto — a move that could include scooping up employees recently terminated from crypto companies. According to a Tuesday Reuters report, FINRA president and CEO Robert Cook encouraged crypto workers who expect to be on the chopping block to reach out to the financial regulator as part of its efforts to increase resources related to the space. Major crypto exchanges in the United States including Coinbase and Gemini have announced plans to cut staff amid extreme market volatility, likely resulting in the loss of thousands of jobs. “We are already having to be engaged in the space and we think that as a result it’s appropriate for us to bulk up our c...
AAX Exchange To Share 1M USDT Rewards Through Fun “Crypto Summer” Events
Victoria, Seychelles, 15th June, 2022, Chainwire AAX, the institutional-grade cryptocurrency exchange, is kicking off “Crypto Summer” with fun-filled crypto trading events that aim to disperse the doom and gloom of the emerging “crypto winter” with the prospect of some tantalizing rewards. The wider cryptocurrency market has been in a tailspin lately as the value of digital assets falls amid fears of rising inflation and a worsening economy. That has raised the prospect of a new “crypto winter” falling upon us with the market seemingly heading towards a prolonged, bearish trend. For those who maintain their faith in cryptocurrency, there’s every reason to believe the market will continue its cyclical trend and bounce back sooner or later. Historically, bitcoin has always been on an upward ...
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Weekly Report [June 07 – 14]: 3iQ Crypto Feeder ETFs, Lithuania booming crypto wallet ban, MasterCard NFT collaborations and more
Here is everything you missed from the cryptocurrency sector last week: PayPal allows US users to withdraw BTC, ETH BCH, and LTC to external wallets Asset manager 3iQ launches Bitcoin and Ether feeder ETFs Senator Lummis discusses the proposed crypto bill that suggests the lead regulatory role left to the CTFC Lithuania could soon ban exchange transfers with unhosted wallets MasterCard collaborates with NFT firms to facilitate easy and safe NFT buys PayPal allows crypto withdrawals into private wallets Payments firm PayPal revealed last week that its customers can now withdraw Ethereum and Bitcoin into external wallets. The financial services company added that the much-awaited feature would be rolled out to US customers, confirming that the users can transfer their crypto between PayPal a...
Tokens under $1 to help you diversify during a bear market
VeChain (VET), Amp (AMP), and Shiba Inu (SHIB) are some of the best tokens to get under $1. Each token has huge potential for growth and can be bought at a solid price point. All of them have received numerous updates and have a solid community surrounding them. VeChain (VET), Amp (AMP), and Shiba Inu (SHIB) are all solid altcoins that you can get for under $1. On June 9, 2022, VeChain announced that they are the official layer-1 blockchain partner of UFC. AMP announced that they are live on Bancor 3, where users could access single-sided liquidity, instant impermanent loss protection, auto-compounding returns, and more. Bitstamp also announced that they are listing the SHIB cryptocurrency, which showcased how much interest and adoption of the cryptocurrency there is. Should you buy VeChai...
Biggest Bitcoin exchange inflows since 2018 put potential $20K bottom at risk
Bitcoin (BTC) could be on the verge of a retail major sell-off as exchange inflows spike to almost three-and-a-half-year highs. Data from on-chain analytics platform CryptoQuant shows users of 21 major exchanges sending coins to their wallets en masse on June 14. Major exchanges finish up 83,000 BTC in a single day As BTC/USD fell to lows of $20,800, panic appeared to set in among traders, and despite a reversal that at one point topped $23,000, few seemed willing to trust that the worst was over. Since then, spot price action has returned to near $21,000, while 24-hour exchange inflows reached 59,376 BTC. According to CryptoQuant data, this is the largest daily inflow since November 30, 2018. On that day, exchanges recorded 83,481 BTC of net inflows. May 9, 2022 ended with 29,082 BTC in n...
Seized crypto safe with US Marshals Service? Not so much, new audit reveals
The Office of the Inspector General (OIG) for the United States Department of Justice conducted an extensive audit of the cryptocurrencies seized by the U.S. Marshals Service (USMS) — revealing the dire need for the federal agency to revamp its existing crypto management and policy systems. OIG’s audit on the seized cryptocurrencies found the USMS implementing adequate safeguards over its storage and access. However, the agency was found to be using spreadsheets to maintain track of the inventory owing to the inability of the existing system, Consolidated Asset Tracking System (CATS), for daily management of crypto assets. As of June 2021, the USMS managed nearly 200 DOJ cryptocurrency seizures. We looked at the USMS’s management of seized cryptocurrency, and found that the ...
Bitcoin miners’ exchange flow reaches 7-month high as BTC price tanks below $21K
Bitcoin’s (BTC) price tanked to a 52-week low of $20,800 earlier on Wednesday, down by over 70% from its all-time high of $68,788. Although the price has since recovered above $21,000, key market indicators point toward bears having a significant hold on the current market. Bitcoin Miners to Exchange flow, a metric that indicates the volume of BTC sent by miners to crypto exchanges, rose to a seven-month high of 9,476. The rise in exchange flows indicates miners are currently selling their BTC in anticipation of the price going down. The actions of the BTC miners often reflect the larger market sentiment as they mostly sell BTC to ensure they don’t incur losses on their mining rewards. The rise in Bitcoin miners selling activity is backed by the significant decline in mining profitab...
