Crypto
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Charles Hoskinson cheekily admits: ‘I was wrong’ about DApp rollout
Co-founder of the Cardano blockchain Charles Hoskinson has cheekily admitted that his July 2020 forecast of the number of DApps coming to the blockchain has not yet come to fruition. Referring to his famed July 2020 tweet, Hoskinson tweeted on Mar. 23, “Remember when I predicted thousands of assets and DApps on Cardano? Well I was wrong, there are now millions of native assets issued and DApps are now in the hundreds. #SlowAndSteady.” Remember when I predicted thousands of assets and DApps on Cardano? Well I was wrong, there are now millions of native assets issued and DApps are now in the hundreds. #SlowAndSteady https://t.co/mK4So6NHa1 — Charles Hoskinson (@IOHK_Charles) March 23, 2022 However he may have misremembered his own tweet, as he had predicted back in July 2020 that by 20...
Crypto trading in rubles falls even as ECB warns again on sanctions
The President of the European Central Bank, Christine Lagarde has reiterated warnings that Russian individuals and businesses are using cryptocurrencies to skirt sanctions. However, as of March 18, daily ruble-denominated crypto trading volume was sitting at just $7.4 million, down over 50% from recent figures and a peak of $70 million on March 7, according to data from Chainalysis. This amount represents a tiny slither of the total global crypto market volume, with Bitcoin’s total daily volume generally fluctuating between $20 billion and $40 billion. In a presentation at the Bank for International Settlements Innovation Summit on Tuesday, the crypto skeptic Lagarde said that European financial authorities had seen the “volumes of rubles into stable, into cryptos, at the moment [is at] th...
Acorns brings Bitcoin exposure to its savings and investment app
Acorns users can now allocate up to a maximum of 5% of their portfolio the ProShares Bitcoin Strategy (BITO) ETF The personal finance app has plans to create room for other cryptocurrencies in the future Backed by Galaxy Digital, savings and investment firm Acorns has announced the introduction of Bitcoin exposure to its portfolio, targeting long-term investments among its users. Through a Twitter post, Acorns said that it is glad to add “Bits of Bitcoin” to diversify its portfolio. With an increased rate of exposure to crypto among fintech firms, Acorns explained that it had to offer its investors the opportunity to diversify their holdings. The company cited the ‘low correlation’ between crypto and stocks as the rationale for the decision. In contrast, though, at ...
New York remains undecided on the crypto mining debate
A bill is to be voted on in New York to decide on the future of proof of work mining in the state Meanwhile, Texas congressman Pete Sessions has mooted crypto to rebuild energy independence in the US There is a bill – A7389C – waiting to be voted on in the New York State Assembly, after which, if approved, will go for confirmation in the Senate. The bill is crucial as it could define New York’s future as cryptocurrencies are concerned. In particular, the bill opposes the enactment of a moratorium to halt all proof of working mining-related activities temporarily. This bill was proposed in line with the enforcement of the Climate Leadership and Community Protection Act, which targets to cut down greenhouse emissions in New York by 85% by 2050. The Act also requires that the state gets...
Here’s why Bitcoin bulls will defend $42K ahead of Friday’s $3.3B BTC options expiry
Over the past two months, Bitcoin (BTC) has respected an ascending triangle formation, bouncing multiple times from its support and resistance lines. While this might sound like a positive, the price is still down 11% year-to-date. As a comparison, the Bloomberg Commodity Index (BCOM) gained 29% in the same period. Bitcoin/USD 1-day chart at FTX. Source: TradingView The broader commodity index benefited from price increases in crude oil, natural gas, corn, wheat and lean hogs. Meanwhile, the total cryptocurrency market capitalization was unable to break the $2 trillion resistance level and currently stands at $1.98 trillion. In addition to 40-year record high inflation in the United States, a $1.5 trillion spending bill was approved on March 15, enough to fund the government through Septem...
Fetch.ai (FET) gains 43% after $150M development fund and Cosmos IBC announcement
Development across the cryptocurrency ecosystem continues to move forward despite the day-to-day whipsaw price movements and this progress is furthering the public’s awareness of Web3 and the value of blockchain technology. One project that has been climbing the charts amid a marketing push to develop better brand recognition is Fetch.ai, a protocol focused on building a token-based decentralized machine learning network capable of supporting the smart infrastructure being built around the digital economy. Data from Cointelegraph Markets Pro and TradingView shows that the price of FET has climbed 43.13% over the past two days, rallying from a low of $0.322 on March 21 to an intraday high at $0.46 on March 23 as its 24-hour trading volume underwent a five-fold increase. FET/USDT 4-hou...
Bitcoin is ‘not regulated’ — Honduras’ central bank pushes back against legal tender rumors
The Central Bank of Honduras, or BCH, addressed rumors regarding the country potentially adopting Bitcoin as legal tender like its neighbor El Salvador — and the answer seems to be negative. In a Wednesday statement, Honduras’ central bank said “for the time being” Bitcoin (BTC) was not regulated in the country and not recognized as legal tender in many others. The BCH reiterated its authority under Honduras’ constitution that it was the only authorized “issuer of banknotes and coins” considered to be legal tender in the country. “BCH does not supervise or guarantee operations carried out with cryptocurrencies as means of payment,” said the central bank, according to a translated statement. “Any transaction carried out with these types of virtual assets is the responsibility an...
GameStop NFT Marketplace now live and powered by Loopring L2
GameStop has confirmed its integration with Loopring (LRC), an Ethereum Layer 2 zkRollup protocol designed for powering decentralized cryptocurrency exchanges, into their highly anticipated NFT marketplace. Adam Browman, Loopring’s Head of Growth, announced on Medium on Wednesday that the beta version of GameStop’s marketplace had gone live. The future of #NFTs are here + they’re powered by #Ethereum‘s second layer Loopring L2 x @GameStop Power to the players.Power to the creatorsPower to the collectors.#L222https://t.co/0gdvKLivfp — Loopring☠️ (@loopringorg) March 23, 2022 According to Browman, GameStop, in partnership with Loopring L2, aims to provide “fast, cheap and secure” access to digital ownership for the masses. Th...
Support for the Solana Ecosystem Introduced on Coinbase
Coinbase, the largest crypto trading platform in the United States, has rolled out support for the Solana ecosystem. A slew of new tokens and features are now becoming available to Coinbase users. “Over the past year, there has been an explosion of interest in web3 and decentralized applications including NFTs and decentralized finance (DeFi),” reads a Coinbase blog post. “One of the blockchain networks that has seen a major increase in use is Solana, which has since built a vibrant community of developers and users alike. The update makes it easier to keep track of cryptos from different networks without the need to manage multiple wallet apps.” Rising interest in Solana According to the crypto exchange, one of the main reasons for the rising interest in Solana over the past year is that ...
Nexo Ventures launches as a $150M Web3-focused fund
The fund aims to promote and push for wider adoption of digital assets Nexo is betting on the role of blockchain tech in the future of finance Switzerland-headquartered digital asset firm Nexo has today announced the launch of Nexo Ventures, an investment arm that will help it interact with Web3 start-ups and institutional projects in areas including NFTs, blockchain gaming, decentralised finance, payments and trading infrastructure, crypto applications, and compliance solutions. Investors to captain the fund’s inaugural release include Texture Capital, Bware Labs, Mizar, Yield Protocol, Qredo, BlockFills, and 1inch. Crypto adoption is the principal focus Via this launch, the firm aims to push for the continued adoption of crypto assets, with the belief that blockchain tech wil...
UNI, RUNE, LRC and SUSHI are the most interesting DEX tokens you can get on March 23, 2022 and this is why!
Uniswap (UNI), THORChain (RUNE), Loopring (LRC), and SushiSwap (SUSHI) are all DEX tokens. Each token has showcased significant signs of growth. All of them have the potential to increase in value going forward. If you have a genuine interest in buying decentralized exchange (DEX) tokens, then Uniswap (UNI), THORChain (RUNE), Loopring (LRC), and SushiSwap (SUSHI) are some of the best options you currently have. We are going to go over each token individually as a means of showcasing how far each token can grow in value. Should you buy Uniswap (UNI)? On March 23, 2022, Uniswap (UNI) had a value of $9.86. The all-time high value of Uniswap (UNI) was on May 3, 2021, when the token reached a value of $44.92. When we go over February, Uniswap (UNI)’s highest point was on February 8,...
Crypto and NFTs at F1: What are firms bringing to the races beyond sponsorships?
The cryptocurrency community has always put an emphasis on decentralization and globalization. Therefore, it shouldn’t come as a surprise that a number of crypto companies are sponsoring Formula 1 (F1) racing teams in an attempt to further connect with audiences across the world. Research by global analytics company Nielsen Sports found that Formula 1 has the potential to reach about one billion fans globally this year, with the 16–35 age group accounting for the biggest share. The appeal of F1 is clearly on the rise, and cryptocurrency companies are jumping on board to demonstrate their presence. To put this in perspective, there are 10 F1 teams for the 2022 season and crypto companies are currently sponsoring eight. Source: Motorsport.com Crypto and F1: An ideal marketing match Mar...
