Crypto news
Play-to-earn tokens to get on April 4: MANA, SAND and GALA
Decentraland (MANA), The Sandbox (SAND) and Gala (GALA) are all play-to-earn tokens. Each token has seen a high level of growth. These are some of the best tokens that you can get on April 4 in the P2E space. Decentraland (MANA), The Sandbox (SAND), and Gala (GALA) are all play-to-earn (P2E) tokens that power some of the biggest metaverses and games out there. We are going to dive into each token individually so you can know what to expect in terms of their growth. Should you buy Decentraland (MANA)? On April 4, 2022, Decentraland (MANA) had a value of $2.68. The all-time high point of value of Decentraland (MANA) was on November 25, 2021, when the token reached a value of $5.85. When we go over the performance of the token throughout the previous month, Decentraland (MANA) had its highest...
OTR to offer crypto payments option powered by Crypto.com
OTR will collaborate with payments processor DataMesh to roll out point of sale terminals for the new option The convenience store chain will accept crypto in 170 of its outlets Australian convenience store mammoth On The Run (OTR) has announced plans to offer customers an option to complete payments for goods and services using more than 30 cryptocurrencies. The initiative will be brought to life via a collaboration with Singapore-based crypto and digital asset exchange Crypto.com. The exchange will enable OTR to integrate the Pay Merchant layer that allows merchants to settle crypto transactions. With the service planned to become active starting in July, the chain will offer the option in 170 of its outlets across the states of South Australia and Victoria. Sydney-based payment services...
Vitalik Buterin is worried about Ethereum — Here’s how the community responded
Ethereum co-founder Vitalik Buterin expressed his concerns about the blockchain’s future in a recent interview, and attendees of the recent ETHDubai event voiced mixed sentiments toward his perspective on crypto’s perils. In an interview with Time magazine, Buterin pointed out some of his worries regarding the network, including it being populated by players who are only after profit and deviate from the original vision of an egalitarian platform. “If we don’t exercise our voice, the only things that get built are the things that are immediately profitable,” he said. The recent ETHDubai event at Le Meridien Dubai. Commenting on Buterin’s woes, Sergej Kunz, co-founder of 1inch Network, expressed that he disagrees highly with the Ethereum co-founder. Kunz said that while there are ...
‘Green oasis’ for Bitcoin mining: Norway has almost 1% of global BTC hash rate
Bitcoin (BTC) mining in Norway is 100% renewable and “flourishing,” according to a report by Arcane Research. “A green oasis of renewable energy,” Norway contributes almost 1% to the global hash rate and is almost entirely powered by hydropower. Using data from the Cambridge Bitcoin Electricity Consumption Index and by mapping out the mining facilities, the report concludes that Norway contributes 0.77% to the Bitcoin total global hash rate. By way of comparison, Norway’s population of 5 million contributes a tenth of that—or 0.07% of the global population. Crucially, according to the Norwegian Water Resources and Energy Directorate (NVE), Norway’s electricity mix is 100% renewable, with 88% hydro and 10% wind. That means Bitcoin miners in Norway are solely using “green” energy....
Bitcoin dices with $46K as Elon Musk Twitter buy sends Dogecoin near 2-month highs
Bitcoin (BTC) traded in an uncertain territory on April 4 as the Wall Street open failed to unleash bullish continuation. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Trader gives $43,000 BTC near-term dip target Data from Cointelegraph Markets Pro and TradingView showed BTC/USD dipping above and below the $46,000 mark on April 4, continuing a low-volatility few days. The pair had managed to seal a second week near the 2022 yearly open, with analysts already hoping for a breakout to $50,000 or even beyond. At the time of writing, however, there was still no sign of such an outcome, while Bitcoin stuck to an increasingly narrow low-timeframe trading range. “Bitcoin is not really clear to me; it could be because of a very slow weekend, which is disturbing a bit, [in...
Neutrino Dollar breaks peg, falls to $0.82 amid WAVES price ‘manipulation’ accusations
Neutrino Dollar (USDN), a stablecoin issued through Waves-backed Neutrino protocol, lost its U.S. dollar-peg on April 4 amid speculations that it could become “insolvent” in the future. USDN plunges 15% despite WAVES backing USDN dropped to as low as $0.822 on Monday with its market capitalization also diving to $824.25 million, down 14% from its year-to-date high of $960.25 million. Interestingly, the stablecoin’s plunge occurred despite Neutrino’s claims of backing its $1-peg via what’s called “over collateral,” i.e., when the total value of Waves (WAVES) tokens locked inside its smart contract is higher than the total USDN minted, also called the “backing ratio.” Neutrino Dollar price performance in the last 24 hours. Source: Co...
Ethereum worth more than Turkish lira and Norwegian krone
A little over two weeks ago, I wrote about the value of ETH versus fiat money, with an emphasis on the Russian ruble. ETH is up 35% during this period, so a good time to look back. Ethereum in 27th place As can be seen from Coinmarketcap’s data, Ethereum is ranked number 27 by market value. This is 13 spots below bitcoin, which has not moved a single spot in the same time period. Ethereum is four spots higher than two weeks ago. Ethereum is under the Polish zloty, which is still number 26. But ETH has gained territory against the Chilean peso, the Norwegian krone and the Turkish lira. These fiat currencies are now worth less than Ethereum, and that is a big win. Russian ruble is crawling back up In total, there are 101 currencies on Coinmarketcap’s list, with Bitcoin bein...
Monthly Report: Dubai attracts top cryptocurrency exchanges
Dubai recently made strides to regulate its crypto sector, and now everyone is moving there The EU parliament votes for a proposal that could affect privacy around digital asset transfers Ronin is working with authorities to track an attacker who got away with $625 million in crypto assets from the blockchain in March Ethereum is a step closer to the Merge Dubai woos crypto giants as it targets becoming a hub Dubai’s crypto scene pulled in several crypto exchanges last month thanks to the environment it has created for cryptocurrencies. The Arabian city is leading the push for the United Arab Emirates to become a global leader in digital assets. Sheikh Mohammed Bin Rashid, ruler of the UAE, said on March 9 that the emirate of Dubai had established the country’s first-ever regul...
Aussie crypto ‘finfluencers’ face tough new legal restrictions
New warnings from the Australian Securities and Investments Commission (ASIC) on appropriate conduct for financial influencers could have a dramatic impact on the local crypto industry. ASIC’s recent Information Sheet outlines the traps influencers and the companies that hire them could fall into while wittingly or unwittingly promoting financial products. The penalties for failing to heed ASIC’s warnings could lead to millions of dollars in fines for corporations and up to five years in prison for individuals. Although it does not specifically mention crypto influencers, the guidelines certainly apply to them as cryptocurrency investing services are seen as financial products. To those financial influencers or ‘finfluencers’ who are not sure whether their brand is in violation of the law,...
Is Ethereum really the best blockchain to form a DAO?
The crypto community and industry have chosen Ethereum as the chain of choice for most blockchain-based decentralized applications (DApps), but other chains may be better suited to handle the workload for decentralized autonomous organizations (DAOs). Technical advantages and cheaper transactions have yet to become a major pull factor from Ethereum Virtual Machine (EVM) chains. EVM compatibility enables a network to use Ethereum’s security features. Ethereum and its compatible chains have a clear advantage in the number of DAOs compared to any other. They house more than 4,200 DAOs and protocols requiring governance participants according to data from blockchain voting platform Snapshot. Comparatively, the Solana ecosystem has only 140, Cardano has 10 DAOs, according to ecosystem trac...
Aussie convenience store giant to accept crypto at 170 outlets
Convenience store and gas station giant On The Run (OTR) will soon accept crypto payments at its 170 outlets across South Australia and Victoria. The move will allow customers to pay for gas, snacks, and even a Subway foot long in over 30 cryptocurrencies. OTR’s parent company the Peregrine Corporation, one of the largest privately-owned companies in South Australia, will also be accepting crypto at its Subway, Oporto, and Smokemart stores. Once the system is finalized in July, it will become the largest business in the country to accept in-store crypto payments. The company is working with Singapore-based exchange Crypto.com to implement its Pay Merchant service as its payment settlement layer. Datamesh, a Sydney-based payment systems provider, will roll out point of sale terminals allowi...
BTC starts 2022 all over again — 5 things to know in Bitcoin this week
Bitcoin (BTC) starts a new week and a new quarter as if it were starting the new year — at just over $46,000. In what will seem like some serious deja-vu for hodlers, BTC/USD is at practically the same level it was on Jan. 1, 2022. Price action has been quiet — too quiet, perhaps — in recent days, but behind the declining volatility, there are signs that the market is busy deciding future direction. From macro to on-chain, there are in fact plenty of cues to keep an eye on in April, amid a backdrop of Bitcoin — at least so far — retaining its yearly open price as support. Cointelegraph takes a look at five of these factors as they pertain to BTC price performance over the coming week. Inflation meets fresh money printing There has been much talk of the end of the post-COVID “easy money” pe...
