Category Archive: Cryptocurrency, No picture
Red Bull Racing Team to Use Tezos for First NFT Drop
The Formula One team has selected Tezos for its first NFT release. Red Bull Racing Team Eyes Tezos Red Bull’s Formula One racing team is partnering with Tezos, it was announced Thursday. Red Bull Racing Honda is joining with the smart contract platform to release a series of NFTs for fans. The Tezos blockchain specifically […]
Musk Says Tesla’s “Diamond Hands” Will Help Market
Key Takeaways Tesla CEO Elon Musk tweeted that his firm has “diamond hands,” implying that Tesla will not sell its Bitcoin holdings. Musk’s statement comes in the wake of a cryptocurrency market crash that brought Bitcoin prices down to $30,400. Justin Sun of TRON and Michael Saylor of Microstrategy also announced their dedication to holding […]
Celo Hard Fork Adds Interoperability with Solana, Cosmos, NEAR
Key Takeaways Celo has launched its Donut hard fork, which includes the launch of several Celo Improvement Proposals (CIPs). The fork will create interoperable bridges between Celo and other blockchains such as Solana, Cosmos and NEAR. The update will also improve compatability with Ethereum. Celo’s Donut hard fork went live today, introducing several big improvements to […]
Maple Finance Launches Institutional Loans for DeFi
Key Takeaways Maple Finance is creating an institutional loan marketplace for crypto-native companies. The first nine candidates will receive up to $2 million each. Capital efficiency is a complex problem for DeFi as undercollateralized loans are not possible without some form of KYC. This news was brought to you by ANKR, our preferred DeFi Partner. […]
Bitcoin Drops Below $40,000, Over 40% off All-Time High
Bitcoin’s bloody week continues. Bitcoin in Freefall Bitcoin is plummeting. The leading crypto briefly dipped as low as $36,350 Wednesday afternoon after days of sell-offs. It’s Bitcoin’s first drop below $40,000 since February. Bitcoin is currently trading at $38,782, around 40% off its all-time high price. The asset hit a price of $64,804 last month […]
BlockFi Mistakenly Sends Users Large Bitcoin Payments
Key Takeaways On Monday, BlockFi mistakenly sent Bitcoin to users instead of stablecoins as part of a rewards promotion. One user reported receiving a payment for 701.4 BTC rather than 701.4 GUSD. The firm has attempted to recover the funds by halting user activities and threatening legal action. This news was brought to you by […]
Ethereum Staking Will Drop Power Consumption by 99%
Key Takeaways Ethereum is transitioning to proof-of-stake, which will reduce its energy consumption dramatically. The Ethereum Foundation expects that the blockchain’s power consumption will drop by more than 99%. Ethereum will be about 7,000 times more energy efficient than Bitcoin, which continues to rely on mining. Ethereum will reduce its energy consumption by 99.95% following […]
Long Bitcoin is World’s “Most Crowded Trade”: Bank of America Survey
This news was brought to you by Phemex, our preferred Derivatives Partner. The latest Bank of America fund manager survey suggests that long Bitcoin has surpassed long tech as the most crowded trade in the world. BTC Demand Hits Peak Long Bitcoin is the world’s most crowded trade, according to a Bank of America survey. […]
Banking App Current Taps Acala for “HyFi” on Polkadot
This news was brought to you by Phemex, our preferred Derivatives Partner. Current joins forces with one of Polkadot’s key parachains. Current Integrates DeFi Hub Current, a U.S. banking app with over three million users, is partnering with DeFi network Acala. The fintech company plans to integrate the Polkadot parachain to create what it’s calling […]
Fox Unveils NFT Company, Blockchain Creative Labs
Leading American mass media company, Fox Corporation, is joining the crypto trend with an NFT business and “the first-ever animated series curated entirely on the blockchain.” Fox Bets on NFT Technology Fox is breaking into the NFT space. On Monday, the CEO of the entertainment firm announced that Dan Harmon’s new TV series Krapopolis would […]
