Crypto
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The best Proof-of-Stake (PoS) tokens you can buy on March 17, 2022: ADA, SOL, ALGO and XTZ
Within the last 24 hours, ADA, SOL, ALGO, and XTZ have increased in value. Each token utilizes the Proof-of-Stake (PoS) consensus mechanism. All tokens listed here have huge potential for growth going forward. Cardano (ADA), Solana (SOL), Algorand (ALGO), and Tezos (XTZ) are all Proof-of-Stake (PoS) tokens, and today, we are going to go over each token individually as a means of seeing how far they can grow in value by the end of March 2022. Should you buy Cardano (ADA)? On March 17, 2022, Cardano (ADA) had a value of $0.8419. The all-time high of Cardano (ADA) was on September 2, 2021, when the token reached a value of $3.09. When we go over February’s performance, Cardano (ADA) had its highest point on February 8 with a value of $1.2494. Its lowest point, however, was on Febr...
Bored Ape Yacht Club continue to grow empire, launch new cryptocurrency
The juggernaut that is the Bored Ape Yacht Club shows no sign of slowing down. The founding company, Yuga Labs, announced the launch of a new cryptocurrency which will be leveraged to continue to build the ecosystem around the popular NFT collection. Aptly titled ApeCoin, it will be the “primary token for all new products and services” from the company. BAYC Success Unless you have been living under a rock, you will be familiar with the meteoric success story that is the Bored Ape Yacht Club. The cartoon monkeys are the most coveted NFTs in crypto, with the highedst floor price of 85 ETH ($238,000), above even CryptoPunks (62 ETH = $174,000). They have set the template for how to succeed, focusing not only on the art – which, akin to a lot of NFTs, is not anything especially unique – but a...
Mavia and Tribe Gaming join forces to promote esports-P2E fusion
P2E MMO strategy game Heroes of Mavia, which was developed by Skrice Studios, and Tribe Gaming announces an official collaboration, positioning the blockchain-based game as the leading esports-focused title in the P2E blockchain gaming space, CoinText learned from a press release. Tribe Gaming is leading esports organization Tribe Gaming is expanding its initiatives to include blockchain gaming with top mobile gaming creators and leading global mobile gaming teams, including a recent 2021 World Championship in Call of Duty: Mobile. Tribe branding to appear uniquely in-game Tribe’s branding will appear uniquely in Heroes of Mavia, where it acquired dozens of Legendary plots of land. These plots have the highest luck factor when eliminating challenges and the top locations on the Mavia map.&...
How do crypto monitoring and blockchain analysis help avoid cryptocurrency fraud?
The primary functions of a blockchain analysis tools include address classification, providing investigation tools, monitoring transactions and risk analysis. The ability to link blockchain addresses to real-world identities is one of the most common uses of blockchain analysis software. Such tools use a variety of ways to identify real-world items on the blockchain. For instance, standard blockchain analysis techniques include web scraping and clustering algorithms. Clustering is the most prevalent method for identifying entities like exchanges, payment processors and wallets in analysis tools. Similarly, web scraping is utilized to analyze the cryptocurrency market. It can keep track of price changes and preserve them for later use in your database. As a result, you’ll be able to r...
Crypto miner Hut 8 posts record revenue as BTC holdings surge 100%
Canadian cryptocurrency miner Hut 8 posted mixed financial results on Thursday, as revenue and mining profitability soared while overall net income declined — underscoring a volatile end to the year for Bitcoin (BTC) and the broader digital asset market. The Toronto-based company, which trades publicly on the Nasdaq and TSX, saw its revenues surge to $45.69 million ($57.901 million CAD) in the fourth quarter of 2021, up from $10.25 million ($12.986 million CAD) the year before. Full-year revenues were $137.1 million, up 326% compared with 2020. Despite generating a large profit from mining activities, the company posted an overall loss of $0.53 ($0.67 CAD) per share in the fourth quarter. Losses amounted to $0.43 ($0.54 CAD) per share in all of 2021. Shares of Hut 8, which trade unde...
New Hampshire hopes its express approval of crypto-friendly law will attract new business
The New Hampshire House of Representatives passed a bill on Tuesday to adopt the new version of Chapter 12 of the Universal Commercial Code, or UCC, which will govern transfers of digital assets. The chapter is still in draft form, but if HB1503 is signed into law, New Hampshire will be the first U.S. state to adopt the chapter. Like the draft chapter of the UCC, the bill — titled “Exempting the developer, seller, or facilitator of the exchange of an open blockchain token from certain securities laws” — seeks to create a “workaround” to make it easier to buy and sell cryptocurrencies by stipulating conditions under which “a developer or seller of an open blockchain token shall not be deemed the issuer of a security.” It passed by a vote of 187 to 150. The UCC is a set of model l...
How blockchain intelligence can prevent Russia from evading sanctions
As pointed out by Caroline Malcolm, head of international policy at Chainalysis, the transparent nature of blockchain technology makes it relatively easy for crypto intelligence companies to track funds related to sanctioned entities. “We’re in quite a unique position because of the transparency and the permanency and the immutability of that public record,” explained Malcolm in an exclusive Cointelegraph interview. Governments around the world have expressed concerns that Russia could use crypto to evade sanctions imposed as a response to its military offensive against Ukraine. Addressing those concerns, Malcolm pointed out that in the last few years there has been substantial improvement in the crypto industry’s Anti-Money Laundering and counter-terrorism framewor...
Ukraine passes law legalizing cryptocurrencies
Amid a war with Russia, the Ukrainian government’s Ministry of Digital Transformation released a statement on Wednesday announcing that President Zelenskyy has signed the country’s “virtual assets” law. The law will provide a legal framework for introducing cryptocurrencies. Ukraine’s National Securities and Stock Market Commission will work on creating a national cryptocurrency policy in the country and licensing approved cryptocurrency providers. The update comes after cryptocurrency donations to Ukraine’s war effort surpassed $100 million after an earlier version was rejected by Zelenskyy. Ukraine’s National Securities and Stock Market Commission will regulate the market and providers of virtual assets such as exchanges will be allowed to operat...
Aussie fintech to offer mainstream direct access to DeFi with a fixed rate
Australian fintech company Block Earner has officially gone live, offering everyday investors a 7% fixed rate investment product by utilizing decentralized finance (DeFi) technology. Block Earner has already attracted attention from big names in the crypto industry, finalizing a $6.4 million seed funding round in December last year. It was led by Framework Ventures and joined by Coinbase Ventures, DeFi Alliance, LongHash Ventures and crypto veteran Kain Warwick, the founder of Synthetix, an Australia-based crypto derivatives exchange. Jordan Momtazi, the co-founder of Block Earner, said in an interview to Cointelegraph that Australia’s current economic climate makes products that offer yields on savings attractive, especially when it is practically impossible to achieve similar returns usi...
Bitcoin maintains $40K support as Fed confirms rate hike in 4 years
Bitcoin (BTC) held $40,000 on March 17 after an anticipated key interest rate hike from the Federal Reserve delivered a strong response. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Fed singles out Ukraine war in inflation comments Data from Cointelegraph Markets Pro and TradingView showed BTC/USD climbing to local highs of $41,500 after the Fed announced it would raise rates by 25 basis points to 0.5% — the first such move since 2018. The Federal Open Market Committe (FOMC) voted almost unanimously for the raise, with an accompanying statement warning of persisting “upward pressure on inflation” thanks specifically to the war in Ukraine. “The invasion of Ukraine by Russia is causing tremendous human and economic hardship,” it read. “The im...
Exodus crypto wallet starts trading on SEC-registered platform
Major software cryptocurrency wallet Exodus has gone public on the digital asset securities firm Securitize Markets following a $75 million crowdfund capital raise. Exodus’ shares started trading on Securitize on Wednesday, allowing investors from all across the United States and international investors from more than 40 countries to trade the Exodus Class A common stock. Trading under the ticker symbol EXOD, the Exodus Class A common stock is digitally represented on the Algorand blockchain via common stock tokens. Tokenized shares in @Exodus_io are now trading on Securitize Markets. Retail investors included! With 24-7 order placement, 8am-8pm ET trading hours, near-instant deposits and promotional $0 fee trading, get started here: https://t.co/h55WEoAQMr pic.twitter.com/JasA5C7Qbx — Sec...
Web3 will be key to the future of China’s internet, says security regulator
The director of the Science and Technology Supervision Bureau of China’s Securities Regulatory Commission Yao Qian has called for a special focus on Web3, deeming it to be the future of the internet. Yao published an article titled “Web 3.0: A New Generation of Internet that is Approaching,” talking about the significance of the evolving tech and how the world is at a crucial transition from Web2 to Web3. The article talked about the significance of forward-looking research and strategic infrastructure development. Yao predicted that Web3 will reconstruct the organizational form and business model of the Internet economy and is expected to greatly improve the existing Internet ecosystem, Related: Republican lawmakers introduce bill targeting China’s CBDC on...
