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Crypto News

The Beta Version Of Shiba Inu Layer 2 Blockchain Shibarium Will Be Released

Shiba Inu developers announced that the much-anticipated Shibarium blockchain is prepared to launch its beta version for the layer 2 network this week. A blockchain that simulates real-world operation is called a beta testnet. On top of layer 1s, layer 2 refers to a collection of off-chain solutions that alleviate scale and data bottlenecks. They combine several off-chain transactions into a single layer 1 transaction to reduce data cost.

coindesk - 1270 ngày trước

Jack Dorsey's Block Announced New Bitcoin Mining Development Kit For Use Cases

The Mining Development Kit is a new project that appears to be a replication of the Lightning Development Kit and Bitcoin Development Kit projects, giving developers access to bitcoin mining projects targeted at integrating bitcoin mining into novel use cases, according to Jack Dorsey's Block. The report also explains how the business has begun creating its own application-specific integrated circuits which are the primary method of mining bitcoin.

Bitcoin Magazine - 1270 ngày trước

Amazon NFTs Will Be Connected To Real-World Assets

Amazon is setting the stage for enabling its users to buy NFTs linked to real-world assets and have them delivered to their doorstep. The action initially represents a major improvement over the e-commerce giant's prior efforts to create a non fungible token (NFT) platform. However, the business intends to inform each and every Amazon Prime user, at least in the United States, of its digital collectibles project once it is operational.

blockworks - 1270 ngày trước

Missouri Gets Closer To Protecting Cryptocurrency Mining Legally

A law to protect personal and commercial mining operations won its committee vote and is now moving to the Missouri state legislature, which is good news for crypto miners. Digital Asset Mining Protection Act prevents states and political subdivisions from forbidding the operation of a node or series of nodes for the purpose of home digital asset mining and also restricts the state's ability to impose restrictions on corporate mining operations.

blockworks - 1270 ngày trước

Bitcoin Performs Better Than Dow Jones, NASDAQ, S&P 500, And Gold All Together

According to data from MarketWatch, the leading cryptocurrency, Bitcoin, has outpaced the tech-heavy NASDAQ as well as the S&P 500 and Dow Jones indices. As of March 6, Bitcoin recorded 32.23% year to date return, considerably outperforming both gold and the main stock indices. This year, the S&P 500 increased by 5.86%, the NASDAQ Composite increased by 12.41%, and the Dow Jones edged up by 0.12% but gold's YTD return was only 1.17%.

U.Today - 1270 ngày trước

Astar Network And Sony Network Communications' Web3 Incubation Program Got About 150 Registrations

The Web 3.0 Incubation Program, which Astar Network, the smart contract platform for multichain, is co-hosting with Sony Network Communications, Inc., an operational business of the Sony Group, has gotten a resoundingly positive reaction from developers all over the world. Since the Incubation Program started taking applications on February 17, 2023, more than 150 people have registered as the registration ends on Tuesday, March 7, 2023.

The Daily Hodl - 1270 ngày trước

Unexpected Solana Transfers Totaling $61,779,976 Were Made To Coinbase

In a flurry of transactions, a number of sizable crypto wallets simultaneously deposited Solana (SOL) worth millions of dollars to Coinbase. The first 599,999 SOL worth $12.54M was sent by two different unidentified wallet to Coinbase, and 554,431 SOL worth $11.59M were by a third unidentified wallet, then the fourth, fifth and final wallet sent 599,999 SOL worth $12.54M each to the same crypto exchange, totaling 2,954,427 SOL worth about $70M.

The Daily Hodl - 1270 ngày trước

Thailand Has Removed The Cryptocurrency Investment Tax

According to a statement made by Finance Minister Arkhom Termpittayapaisith, the Thai cabinet has granted tax exemptions for crypto businesses that provide investment tokens in the nation. This tax exemption will be valid for both the first public offering and any subsequent selling of these investment tokens. According to Arkhom, in order for these businesses to take advantage of the tax exemption, they must register their token offerings.

theblock - 1270 ngày trước

Despite Rising BTC Difficulty, Argo Increases Bitcoin Production

Despite a large rise in network difficulty, bitcoin mining company Argo Blockchain has increased its daily BTC production. The company stated in an operational update on March 7 that Argo mined 162 Bitcoin in February, which is equivalent to 5.7 BTC per day. Even though the average network difficulty increased by 10% from month to month, Argo's daily Bitcoin production rate in February increased by 7% from 5.4 BTC per day produced in January.

cointelegraph - 1271 ngày trước

Terawulf Brings The First Fully Nuclear-Powered Bitcoin Mining Operation Online

According to Terawulf, around half of the nuclear-powered Nautilus Cryptomine is now operational. The 2.5 GW Susquehanna nuclear power station in Pennsylvania provides all of the energy for the mining facility, which is a joint venture with Cumulus Coin, LLC. Terawulf has the option to add an additional 50 MW of bitcoin mining capacity, which the Company plans to deploy in future phases and the total operation will be 50 MW and 1.9 EH-s.

Bitcoin Magazine - 1271 ngày trước

Crypto News

Bitcoin Open Interest Surges by $1.8 Billion as Price Breaks $27,000

Bitcoin's Open Interest has surged by $1.8 billion as its price broke the $27,000 mark, indicating a strong influx of investor interest. Open Interest tracks the total value of Bitcoin futures contracts open on derivative exchanges, with rising figures signifying increased market activity and potential volatility. The recent jump from $11.04 billion to $12.81 billion suggests heightened trading and leveraged positions. The future direction of Bitcoin's price remains uncertain, with the surge potentially fueled by shorts covering positions or longs hoping for further gains. The funding rate suggests a balanced mix of long and short positions.

newsbtc - 1075 ngày trước

Bitcoin Poised for Parabolic Rise with Institutional Capital Inflow, Says Morgan Creek Capital Founder

Morgan Creek Capital founder Mark Yusko predicts a bright future for Bitcoin (BTC) as institutional capital worth hundreds of billions is expected to enter the market. Yusko points to Bitcoin's historical trend of adding a zero to its price following each halving event, with the next one slated for April 2024. He anticipates a 1.5x increase from the current all-time high, potentially reaching $100,000. Additionally, Yusko believes Bitcoin exchange-traded funds (ETFs) will be approved by late 2023 or early 2024, leading to a substantial influx of capital into the cryptocurrency.

The Daily Hodl - 1075 ngày trước

Citigroup Leads the Way with Permissioned Blockchain for Institutions

Citigroup has unveiled Citi Token Services, a permissioned blockchain platform designed for institutional clients, offering access to tokenized deposits, cross-border payments, and automated trade finance around the clock. This move aligns with Citigroup's goal of creating a 24-7, on-chain, programmable financial system. The partnership with Maersk enables instant payments through smart contracts, benefiting companies with numerous vendors. Citi Token Services also aids corporate treasurers in managing global liquidity more efficiently. Meanwhile, JPMorgan is reportedly still in the early stages of exploring a similar private blockchain service, lagging behind Citigroup's innovation.

Blockworks - 1075 ngày trước

Bitcoin Dominance Soars Above 50%, Emerging as the Crypto Safe Haven

Bitcoin is making a strong comeback, currently priced at $26,684 and holding over 50% of the total cryptocurrency market, boasting a market cap of approximately $520 billion. This milestone is significant as it contrasts with the stagnation or decline of many alternative cryptocurrencies (altcoins). Ethereum, the closest rival, sits at $1,632.09, with other altcoins showing modest gains or losses. Bitcoin's resurgence aligns with historical trends, often thriving during bear markets, cementing its status as a digital "safe haven." Despite gains, it remains below its peak dominance levels, but its return to prominence is noteworthy.

U.Today - 1075 ngày trước

Animoca Game Studio Pioneers Bitcoin-Backed Metaverse Token, Ushering in Bitcoin's Next Phase

Animoca Brands subsidiary Darewise Entertainment is set to introduce the first-ever metaverse token on the Bitcoin blockchain. The token is aimed at powering a comprehensive ecosystem for gaming, brands, and real-world experiences. This move represents a significant expansion of Bitcoin's capabilities beyond a store of value. The metaverse token will facilitate in-game assets and virtual lands for the Life Beyond metaverse project, marking a new era for Bitcoin. Darewise Entertainment is partnering with Horizen Labs to develop and expand the Ordinals ecosystem on Bitcoin, with more innovations expected in the coming months.

Bitcoin News - 1076 ngày trước