Category Archive: Cryptocurrency, No picture
Amazon Web Service Offers Chia Crypto Mining to Chinese Clients
The current bull market is breathing life into a long-forgotten crypto project challenging Bitcoin mining’s environmental impact. Now, Amazon is joining Chia Network’s green mission. Amazon Backs Chia Mining Chia is a blockchain that uses a new type of consensus mechanism called Proof of Space and Time. To mine, or rather, farm its native cryptocurrency […]
Will Elon Musk’s SNL Appearance Boost Dogecoin?
Key Takeaways Elon Musk will host Saturday Night Live on May 8. Past tweets from Musk suggest he is planning to do a Dogecoin-themed spoof of the Godfather called the “Dogefather.” His controversial appearance could end Dogecoin’s rally, or it could help the coin rise further by encouraging adoption. This news was brought to you […]
DeFi Protocol Oiler Network Releases Token OIL on Balancer
Key Takeaways Oiler chose to release their token with a Balancer liquidity bootstrapping pool (LBP) to ensure a fair distribution. The token will only be used for governance of the protocol; there will not be any fee accrual. After their LBP, the token will be available to trade on Uniswap. The blockchain native derivatives platform […]
Game Developers Land 6-Figure Sum to Build on NEAR Protocol
Key Takeaways NEAR Protocol is awarding Vorto Gaming a six-figure grant to build a gaming app on the network. It includes 25,000 NEAR tokens. Vorto Gaming plans to leverage NEAR’s high scalability and sharding capacity. Vorto Network is one of a number of blockchain projects experimenting with a disruptive play-to-earn model. Thanks to a generous […]
IDEX Announces Move to Target MEV on Ethereum
Key Takeaways IDEX is introducing “hybrid liquidity” pools with hopes of tackling slippage and front-running in DeFi. IDEX Hybrid Liquidity will combine an order book and trading engine with liquidity pools. As DeFi has grown, many traders have suffered from value extraction known as Miner Extractable Value (MEV). This news was brought to you by […]
FTX Exchange Launches Lumber Futures Market
Key Takeaways Following a surge in demand for lumber, FTX has launched a lumber futures market. FTX is known for its nimble approach to the market. It offers a wide variety of futures and prediction markets unavailable on other crypto exchanges. FTX is one of the fastest-growing crypto exchanges, processing almost $19 billion of volume […]
Grayscale Forms Partnership With New York Giants
Key Takeaways Grayscale has partnered with the NFL team the New York Giants. The asset manager will sponsor Giants events; it will also offer cryptocurrency seminars to the team. There are other opportunities for crypto adoption within the NFL. This news was brought to you by Phemex, our preferred Derivatives Partner. Crypto asset manager Grayscale […]
Is KFC Canada Really Accepting Dogecoin Payments?
Key Takeaways Earlier today, KFC Canada claimed via its Twitter account that it is accepting Dogecoin as a means of payment. However, the company’s website does not show any cryptocurrency payment options. It is possible that the statement was a tongue-in-cheek joke made in light of the recent Dogecoin craze. This news was brought to […]
Bitcoin Is Coming to a US Bank Near You, Says NYDIG
Key Takeaways Hundreds of banks are looking to offer cryptocurrency trading and custody to their clients. This should become available in the coming months due to a partnership with crypto custody firm NYDIG. Newer players such as Square, Robinhood, Paypal, or Coinbase currently dominate retail-facing cryptocurrency services. Banks can either provide crypto services to their […]
Oracle Tokens Chainlink, Band Protocol Surge to New Highs
Key Takeaways Chainlink made a new all-time high of $51.30, sending most short-term holders into the green. On the other hand, Band Protocol whales have gone into a buying spree, suggesting BAND will soon catch up. These cryptocurrencies sit on top of massive demand barriers that could slow down any potential sell-offs. This Exchange News […]
