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Bitcoin Miner Riot Blockchain Hashrate Attained An ATH In 2022, Despite The Bear Market

The Colorado-based bitcoin miner – Riot Blockchain – reported a total revenue of nearly $260 million for 2022, a 22% increase compared to 2021. It mined 5,554 Bitcoin (BTC) and boosted its hash rate capacity to an all-time high of 9.7 EH-s. The positive results came in spite of the devastating bear market that reigned during the bigger part of the year, and also Riot’s shrunk production levels in the summer due to a heat wave.

CryptoPotato - 1268 ngày trước

Despite Crypto Bear Market, Revolut’s Revenue Climbed By 33% In 2022

The London-based fintech company that allows cryptocurrency trading – Revolut – saw a 33% spike in its revenue in 2022, according to the firm’s CFO. Its positive results came in spite of the cryptocurrency market decline last year and the overall unfavorable macroeconomic conditions. Revolut offers clients the opportunity to buy, sell, and exchange over 90 digital currencies, including the leading ones – bitcoin (BTC) and ether (ETH).

CryptoPotato - 1269 ngày trước

PancakeSwap V3 Upgrade Is Scheduled To Launch On BNB Chain In The First Week Of April

In the first week of April, decentralized exchange PancakeSwap will update to its third version. The multi-chain DEX, which claims to have more than $438 billion in total trading volume and more than $2.5 billion in total locked liquidity, will get additional capabilities with PancakeSwap V3 as the update includes enhanced liquidity provisioning, competitive trading costs and trading incentives, and improvements to its yield farming experience.

theblock - 1269 ngày trước

RBI Official Predicts Digital Currency Issued By India's Central Bank Will Replace Cryptocurrencies

Ajay Kumar Choudhary, the executive director of the Reserve Bank of India (RBI), presented some updates on the country's central bank digital currency (CBDC). According to Choudhary, the Indian central bank is looking into the digital rupee's offline capabilities. He stressed that the central bank digital currency (CBDC) must have all characteristics of real currency, including anonymity, as it will soon become a medium of trade in India.

Bitcoin News - 1269 ngày trước

Huge Crypto Whale Amasses 19,801,902,912,350 Shiba Inu (SHIB) And Four Ethereum-Based Altcoins

Shiba Inu (SHIB), the leading Dogecoin (DOGE) rival, is being purchased by one of the biggest Ethereum (ETH) whales on the planet for hundreds of millions of dollars. After this most recent acquisition, the significant crypto whale recently now holds a stunning 19,801,902,912,350 SHIB valued at more than $225.34 million, accounting for almost 40% of the whale's cryptocurrency holdings as SHIB currently trades for $0.000011 at this time.

The Daily Hodl - 1269 ngày trước

Inflation Rates For Bitcoin Are Currently Three Times Lower Than The United States Currency

The circulation supply of Bitcoin (BTC) is over 90%, and as a result, the asset's inflation rate has decreased over time, outpacing the rate of the US dollar (USD) by at least three times. During the occurrence of halving, the rate decreases every four years. Therefore, since its launch in 2009, the first cryptocurrency's inflation rate has been steadily declining, and as of March 4, according to recent data, it stood at 1.79%.

Finbold - 1269 ngày trước

U.S Treasury Discusses Potential Routes For The Digital Dollar And Introduces The CBDC Working Group

The U.S. Department of Treasury has published Nellie Liang's remarks on the Next Steps to the Future of Money and Payments in which she discusses CBDCs and ways the US government is employing in light of their potential implementation. One of the main responsibilities of the CBDC Working Group is to supplement the Fed's work by thinking about the implications of a U.S. CBDC for policy goals for which a wider Administration perspective is useful.

Bitcoin Magazine - 1269 ngày trước

Blockchain Is Used By A Russian Bank To Issue Bank Guarantees In Chinese Yuan

Moscow Credit Bank (MKB) used blockchain technology—the Masterchain platform created by the Central Bank of Russia—to issue what it billed as Russia's first digital bank guarantee for a sum above 100 million Chinese yuan. MKB also said that the guarantee is valued in the currency to which the importer's contracts are linked and if a payment is made under it, the supplier will receive Russian rubles at an exchange rate decided upon by the parties.

Bitcoin News - 1269 ngày trước

Ripple CEO Brad Garlinghouse Supports Calls For The US To Accept Cryptocurrency

Brad Garlinghouse, CEO of Ripple, is the newest figure to criticize the United States government's campaign against cryptocurrencies, insisting that the U.S should accept crypto again. The CEO of Ripple claimed that crypto and fintech were leaving US soil and that when the case first started over two years ago, not everyone recognized this. But, it is now obvious that the agency is opposed to the entire sector given its current battle on crypto.

BeInCrypto - 1269 ngày trước

ConsenSys Announced Open Testing Of The Ethereum-Compatible ZK-Rollup Network

On March 28, blockchain development company ConsenSys will launch a public test of an Ethereum-compatible zkEVM rollup network. The compatibility of the zkEVM rollup with the Ethereum Virtual Machine, which enables simple dApp migration to the Layer 2 network, is one of its important features. According to the company, developers may import their apps from Ethereum and utilize them on the zkEVM network without making any significant adjustments.

theblock - 1270 ngày trước

Galaxy Believes That The Market For Bitcoin NFT Will Reach $4.5 Billion By 2025

By March 2025, the market for Bitcoin non fungible tokens (NFTs) is predicted by Galaxy Digital's research division to reach a $4.5 billion market size in a base case scenario. Since the launch of the Ordinals protocol, Bitcoin NFTs, also known as Ordinals, have gained a lot of attention. This technology enables users to encrypt data such as images, PDFs, videos, and audio onto individual satoshis, or sats, which each stand for 0.00000001 Bitcoin.

cointelegraph - 1270 ngày trước

The Purchase Of One River Digital Asset Management By Coinbase Has Been Announced

One River Digital Asset Management, or ORDAM, a hedge fund that specializes in cryptocurrencies, has been bought by US-based bitcoin exchange Coinbase. One River Digital will become Coinbase Asset Management, "an autonomous firm and wholly-owned subsidiary" of the cryptocurrency exchange, according to a March 3 blog post by Coinbase. One River Digital has previously accepted investments from Coinbase to expand its operations.

cointelegraph - 1270 ngày trước

97% Of Payment Companies Surveyed By Ripple Think Cryptocurrency Has Potential

According to a recent survey co-hosted by Ripple, the global payments sector is optimistic about the potential of crypto and blockchain to enable quicker and less expensive transactions. The majority of polled Faster Payment Council subscribers, or 97% of respondents, agreed that speedier payments will be made possible in the next three years thanks to cryptocurrencies and blockchain technology, believing that majority of merchant accepts crypto.

cointelegraph - 1270 ngày trước

A Major Italian Football Club Is Accepting Donations In This Cryptocurrency

Leading blockchain for companies, DigitalBits (XDB), is now accepted as payment by AS Roma, a prestigious soccer team in Italy. Five of the club's key retail locations—Via del Corso, Piazza Colonna, Ottaviano, Porta di Roma, and Fan zone at Stadio Olimpico—will accept payments as customers will now be able to use DigitalBits to purchase official AS Roma items. Also, by scanning a QR code, users can also make payments through the AstraX mobile wallet.

CryptoPotato - 1270 ngày trước

XAPO Bank Becomes The First Bank To Provide Bitcoin Lightning Payments

Private bank Xapo Bank, which holds a license from Gibraltar, has teamed up with Lightspark, the company founded by former Facebook crypto lead David Marcus, to integrate the Lightning Network and allow clients to make bitcoin payments. Members of Xapo Bank may now make quick, low-cost Lightning payments up to $100 at any merchant that accepts them without having to pay exorbitant transaction costs or wait long for a blockchain confirmation.

Bitcoin Magazine - 1270 ngày trước

Mastercard And Others Are Used By Australia's Central Bank To Test CBDC Use Cases

The Reserve Bank of Australia (RBA) has disclosed a number of initiatives that will create use cases for the eAUD, a digital Australian dollar that is being tested. The Australia and New Zealand Banking Group Ltd, Mastercard and others are among the partners of the RBA for the pilot programs which will contribute to practical industry learning and deepen policy makers' understanding of how CBDC could possibly help the Australian financial system.

coindesk - 1270 ngày trước

After A Trading Halt Last Year, Binance Tries To Re-enter Singapore Cryptocurrency Market

In December 2021, Binance Singapore had formally announced that it has withdrew its application for a license to operate a cryptocurrency exchange. In February 2022, the business shut down its trading platform there. After quitting the cryptocurrency trading market for a year, Binance is reapplying for a license to offer cryptocurrency services in Singapore, switching from serving retail to corporate clients.

BeInCrypto - 1271 ngày trước

To Enhance ETH User Experience, Vitalik Buterin Claims More Work Needs To Be Done

The user experience (UX) of Ethereum (ETH), in Vitalik Buterin's opinion, still needs to be greatly improved, particularly with regard to transaction inclusion. User interfaces (UIs) that are "basic and robust" are preferred to "fancy and slick ones," and according to Buterin, Ethereum (ETH) users prefer centralized solutions to on-chain, decentralized techniques because of the high transaction costs and a subpar user experience.

The Daily Hodl - 1271 ngày trước

New African Currencies Will Be Supported By Binance Without Third Parties

The crypto exchange Binance has announced that more African currencies, such as the Liberian dollar (LRD), will now be supported on its peer-to-peer (P2P) marketplace. Without the assistance of a middleman or third party, people in these regions can now transact with one another in their native currencies. Users can also immediately exchange crypto with other users for no costs, publish trade adverts, and trade in the newly supported currencies.

Bitcoin Magazine - 1271 ngày trước

Jack Dorsey's Block Seeks Partners For Highly Expected Self-custody Bitcoin Wallet

The Bitcoin community has received an update from Jack Dorsey's Block regarding the progress of its self-custody Bitcoin wallet. Building a self-custody bitcoin wallet meant to empower the people to properly own and manage their money with bitcoin is Block's main objective as he also seeks for partners with intention to develop a wallet that enables users to own and control bitcoin in a way that makes self-custody more accessible than ever before.

Bitcoin Magazine - 1271 ngày trước

Shanghai Mainnet Upgrade Has Been Postponed By Ethereum Developers

The Shanghai update, also known as Shapella, will go live on the Goerli testnet on March 14, 2023, according to a statement by Ethereum developers during their monthly meeting on March 1, 2023. More validators that are not authorized to run on Shapella are able to test crucial functions prior to Goerli thanks to ephemeral testnets. To test full and partial staked ETH withdrawals, the Goerli launch will be the first deployment on a public testnet.

BeInCrypto - 1271 ngày trước

For Prime Clients, Coinbase Switches From Silvergate To Signature Bank

To facilitate its service for Prime account customers to Signature Bank, cryptocurrency exchange Coinbase (COIN) has shifted to Signature Bank (SBNY). The modification only applies to banking in the United States dollars and has no bearing on requests for payments to be made in pounds or euros as it is always effective. Also it has been the Silvergate Bank (SI) that always provided this service to Coinbase in the previous years.

coindesk - 1271 ngày trước

Among New Web3 Capabilities, The Gaming Engine Unity Adds MetaMask Functionality

The Web3 technology-focused video game creation platform Unity has introduced a number of crypto platforms to its asset store to help developers who are interested in decentralization efforts. One of the 13 platforms included on the store was MetaMask, a provider of cryptocurrency wallets. Its Software Development Kit (SDK) was added to assist developers in enabling users to connect their MetaMask wallet to any game developed on Unity.

cointelegraph - 1271 ngày trước

Despite The Crypto Winter, Visa's Crypto Strategy Remains Unchanged

Despite recent setbacks in the sector, U.S. payments giant Visa stated that it is still committed to funding and supporting the crypto industry. According to reports, Visa is slamming the brakes on future collaborations with crypto-related businesses as the sector comes under increased scrutiny. However, Cuy Sheffield, head of crypto at Visa, tweeted that rumors saying the company wanted to slow down relationships with the crypto industry were untrue.

coindesk - 1272 ngày trước

Litecoin Was One Of The Most Used Cryptocurrencies For Online Shopping In 2022

As digital assets become more prevalent in the e-commerce industry, Litecoin (LTC) is quickly becoming one of the most desired cryptocurrencies for usage in online transactions. According to new research by crypto payment processor CoinGate, Litecoin ranked fourth among all cryptocurrencies used as a method of payment for online purchases in 2022, accounting for 88,295 orders and 9.5% of all cryptocurrency payments processed by CoinGate.

Finbold - 1272 ngày trước

Data Shows Bitcoin Millionaires Rose 140% After The Price Of BTC Crossed $20,000

Data shows that when the price of Bitcoin (BTC) surpasses $20,000, millionaires were created. As it marked the peak of Bitcoin's previous halving cycle, $20,000 has gained prominence and represents more than just a boundary on a technical level which resulted in bitcoin millionaires raising by 140%. As Glassnode has now demonstrated, numerous hodlers either become or become less millionaires in US dollars when BTC-USD hits that price point.

cointelegraph - 1272 ngày trước

Chainlink Releases A Platform To Facilitate Web2's Integration With Smart Contracts

Chainlink, a provider of blockchain data, announced the launch of a platform that will let programmers link data to smart contracts. Every smart contract that carries out a contract's conditions, can connect to any Web2 application programming interface using Chainlink Functions. The company also explained that, Web3 developers were unable to connect their smart contracts to Web2 APIs in order to access social media signals and other services.

coindesk - 1272 ngày trước

Zero-Knowledge, Privacy-Enhanced Identification Solution Is Launched By Polygon

Polygon confirms that the Zero-Knowledge (ZK) technology-based Polygon ID product would enable users to validate their identities or credentials without disclosing sensitive data. Zero-knowledge technology, a subset of encryption, has been predicted as one of the hottest technologies for the digital asset market since it does away with the requirement that users routinely give their personal information to various websites or online services.

coindesk - 1272 ngày trước

CBDCs Provide Opportunities For Financial Companies According To A BoE Official

The Bank of England (BoE), according to deputy governor for monetary policy Ben Broadbent, is closely monitoring the introduction of a central bank digital currency (CBDC). Bloomberg also reported recently that Broadbent claimed the introduction of a CBDC will benefit the entire financial ecosystem by allowing things like easy payments as the organization is looking into regulating payment technology systems like CBDCs.

Finbold - 1272 ngày trước

Founder Of Bored Ape Yacht Club Yuga Labs Unveils First Bitcoin NFT Project

The $4 billion business Yuga Labs, which created the popular NFT collection Bored Ape Yacht Club, revealed that it would launch the first-ever NFT project based on Bitcoin. A total of 300 limited-edition works of generative art, titled TwelveFold, will be included in the collection and each inscribed on the Bitcoin blockchain. It's one of the most prominent launches to date through Ordinals, a recently introduced method of committing artwork.

Decrypt - 1272 ngày trước

Solana Will Upgrade The Network To Increase Stability And Uptime

According to co-founder Anatoly Yakovenko, Solana Labs will enhance its software upgrading procedure to guarantee network dependability and uptime. Providing a quick, trustworthy, and expandable network to advance toward a better, decentralized web continues to be a primary focus as Yakovenko said. The difficulties with last week's 1.14 network update demonstrated how difficult it is to maintain stability throughout such significant updates.

coindesk - 1273 ngày trước

Coinbase Starts A Grassroots Campaign To Support Cryptocurrency Legislation In The US

According to the company Twitter thread, Coinbase has started a grassroots political effort to support pro-crypto policy in the United States. In order for crypto users to be heard in all 435 congressional districts, the company stated that the #Crypto435 campaign aims to expand the crypto advocacy community and share tools and resources and the exchange makes users who sign up receive information on how to contact lawmakers in their local districts.

cointelegraph - 1273 ngày trước

UAE Emirate Will Open Free Zone For Companies Dealing In Digital And Virtual Assets

One of the seven Emirates of the United Arab Emirates (UAE), Ras Al Khaimah, is getting ready to establish a free zone for businesses dealing in digital and virtual assets as the nation's approach to the sector continues to draw in major players from across the world. It will be a purpose-built, innovation-enabling free zone for non-regulated activity in the virtual assets sector, according to the RAK Digital Assets Oasis (RAK DAO).

cointelegraph - 1273 ngày trước

Goldman Sachs Is Highly Supportive Of Researching Additional Blockchain Technology Use Cases

According to a recent Bloomberg News, Goldman Sachs Group is committed to investigating additional use cases for the blockchain technology and believes that it can help improve a variety of TradFi markets, including private equity. Following the recent launch of its blockchain tokenization platform GS DAP, Goldman Managing Director Mathew McDermott stated to Bloomberg that the lender is "highly supportive" of blockchain applications.

CryptoSlate - 1273 ngày trước

Tel Aviv Stock Exchange Wants To Allow Clients Of Its Nonbank Members To Trade Crypto

According to a recent announcement, the Tel Aviv Stock Exchange, or TASE, which manages Israel's sole public equity trading platform, seeks to broaden approved activities to include clients of its nonbanking members to trade cryptocurrencies. The public comment period for TASE's regulation change is now open and nonbank participants would have to use authorized crypto trading and custody services to buy and sell crypto on behalf of their clients.

coindesk - 1273 ngày trước

The Bitcoin Policy Institute Has Organized A One-day Event In Washington, D.C

The Bitcoin Policy Summit, to be held on April 26, 2023 in Washington, D.C. was announced by the Bitcoin Policy Institute, a think tank devoted to Bitcoin research, activism, and education. The summit is billed as a one-day, invite-only policy conference addressing Bitcoin as a strategic potential for the United States, having different political and professional backgrounds speakers like U.S. Senator Cynthia Lummis and many others represented.

Bitcoin Magazine - 1273 ngày trước

Illinois Officials Push For The State's Crypto Licensing Program To Emulate New York's BitLicense

According to David DeCarlo, the state of Illinois' first regulatory innovation officer and one of the leading proponents of the proposal in the state senate, Illinois is attempting to emulate New York's crypto firm with a new supervisory framework. The Illinois measure would create trust corporations that could manage custody of digital assets and would impose licensing requirements on crypto businesses similar to those in New York's BitLicense.

coindesk - 1273 ngày trước

Illinois Officials Push For The State's Crypto Licensing Program To Emulate New York's BitLicense

coindesk - 1273 ngày trước

Japanese Technology And Financial Companies Agree To Establish The Metaverse Economic Zone

A total of ten Japanese technological industries, including Fujitsu, Mitsubishi, and Sumitomo Mitsui, agreed to further their country's metaverse objectives through the creation of the Japan Metaverse Economic Zone. According to the terms of the contract, which was signed on February 27, the firms would create an open metaverse infrastructure called "Ryugukoku" utilizing the "Pegasus World Kit" metaverse construction framework created by JP Games.

Forkast - 1273 ngày trước

Shanghai Hard Fork Simulation On Second Ethereum Testnet Is Successful

Sepolia, a second Ethereum test network (testnet), replicated staked ether (ETH) withdrawals successfully today, pushing the Ethereum blockchain closer to the much awaited Shanghai Upgrade. The upgrade began at epoch 56832 at 4:04 UTC, and with the Shanghai Upgrade, Ethereum will finally become a fully operational proof-of-stake network, allowing validators to cash out rewards they have earned by adding or approving blocks to the blockchain.

coindesk - 1274 ngày trước