Category Archive: Cryptocurrency, No picture
Sichuan Energy Authorities to Discuss Bitcoin Mining Ban
Key Takeaways Sichuan’s energy sector regulator has called a meeting to analyze the impact of banning Bitcoin mining. The decision is difficult as miners help electricity providers earn revenue from the energy produced during peak season. Inner Mongolia is already moving to ban Bitcoin mining. Mine Crypto The authoritative body for Sichuan’s energy sector is […]
Carl Icahn Bullish Ethereum, May Invest $1.5B in Crypto
Key Takeaways Carl Icahn told Bloomberg TV that he may invest up to $1.5 billion in the cryptocurrency space. Icahn spoke about inflation of the U.S. dollar and recognized Bitcoin and Ethereum as alternative stores of value. He added that he thinks crypto “is here to stay one form or another.” Carl Icahn is weighing […]
Uniswap to Launch on Layer 2 Solution Arbitrum
Key Takeaways Uniswap V3 is preparing to launch on the Layer 2 solution Arbitrum. More than than 40 million UNI tokens voted in favor of a governance proposal for the update. Uniswap V3 will also go live on Optimism when it launches. This news was brought to you by ANKR, our preferred DeFi Partner. A […]
Shark Tank’s Kevin O’Leary Reveals Move into DeFi
Key Takeaways Kevin O’Leary is now the major shareholder in a DeFi company. The American investor told Anthony Pompliano that he would be increasing his crypto portfolio allocation and begin capturing yield farming opportunities in DeFi. O’Leary added that he sees big potential in the future of the space. This news was brought to you […]
Brave Is Expanding Support for Crypto DNS Providers
Key Takeaways Brave has announced plans to expand its support for crypto domain names, adding TLDs from new providers. Currently, the browser supports ENS and Unstoppable Domains. Brave has not revealed which specific crypto DNS providers it is working with, but it says it is in active discussions. Brave, the popular cryptocurrency rewards browser, has […]
PayPal Is Enabling Bitcoin and Crypto Withdrawals
Key Takeaways PayPal says that it will soon give users the ability to withdraw their cryptocurrency balance to an off-site wallet. VP of Global Business Development Jose Fernandez da Ponte revealed the news at Coindesk’s Consensus 2021 conference. Da Ponte also discussed stablecoins and CBDCs. This news was brought to you by Phemex, our preferred […]
Stablecoins Surpass $100 Billion Market Cap
Key Takeaways The global stablecoin supply is now worth $100 billion. USDT remains the most popular stablecoin with more than 60% of market share. Interest in stablecoins has led countries to consider issuing their own versions, central bank digital currencies (CBDC’s). This news was brought to you by ANKR, our preferred DeFi Partner. Stablecoins have […]
Polygon Releases SDK Eyeing “Multi-Chain Future”
Key Takeaways The Polygon team has launched its long-awaited software development kit (SDK). The Polygon SDK will enable developers to deploy their own EVM-compatible blockchains on the network. The launch pushes forward Polygon’s vision of creating a multi-chain ecosystem for Ethereum. Polygon, a scaling and infrastructure development on Ethereum, has launched the first version of […]
GameStop to Build NFT Platform on Ethereum
Key Takeaways GameStop has shared a website and Ethereum contract for a new NFT platform. The smart contract also hints at a GME token launch. Meme stocks like GameStop, AMC Entertainment are regaining bullish strength backed by retail investment. GameStop is launching an NFT platform on Ethereum. The company is encouraging game developers and other […]
Coinbase Comments on Bitcoin’s Ecological Impact
Key Takeaways The popular cryptocurrency exchange Coinbase has commented on Bitcoin’s ecological impact and energy consumption. It says that although Bitcoin mining is energy-intensive, the process is largely based on renewable energy. It also says that cryptocurrency firms are promoting the use of renewable energy in Bitcoin mining. Coinbase has published a statement on Bitcoin […]
