There are 5350 cryptocurrencies listed on Coinmarketcap. Just nine years ago, there was only Bitcoin. After Bitcoin came alts, and then ICOs. Non-fungible tokens (NFTs) and decentralized finance (DeFi) have seen a huge explosion in growth in the last year particularly. While there are so many listed on CMC, will each of these tokens survive …
Dogecoin lessons? Why one shouldn’t ‘dismiss a good meme’ Read More »
Both chambers of Colorado’s legislature have approved legislation that, if signed into law, would study a range of new technologies like blockchain for their potential use in managing the state’s water supplies. Forty-five lawmakers co-sponsored the legislation, which states: “[I]t is in the public interest to authorize and direct the University of Colorado, in collaboration …
The supply of the stablecoin Tether (USDT) has been flat since the beginning of this month, according to The Block’s Data Dashboard. From June 1 to June 17, USDT’s supply has remained at $64.25 billion. No growth in USDT suggests that there is currently no demand for the stablecoin in the market and there is …
Tether’s supply hasn’t grown since the start of June. Here’s why Read More »
The cryptocurrency market is evidently going through yet another free-fall period. In fact, the price of a major asset like Bitcoin has dropped below $35,000. With Ethereum, the situation was a little worse as its valuation dropped below $2,150 for the 1st time since 24 May. However, while price action screamed bearish on the charts, …
What these Ethereum, Chainlink, Binance Coin market players are up to Read More »
Quick Take Xinjiang said to have shut down nearly two gigawatts of coal-based bitcoin miners. Sichuan has also ordered some miners to shut down. The global environmental implications for the bitcoin network depend on where China’s miners decide to move. This feature story is available to subscribers of The Block Daily. You can continue reading …
The Bitcoin community has been in a feud with the centralized authorities for a very long time mainly because of the increasing restrictions and scrutiny the sector has faced. A majority of the proponents in the crypto ecosystem express a profound unease about central banks; many have equated cash to ‘trash’ and a ‘melting ice …
What is ‘bitcoin business driving’, for MicroStrategy Read More »
Last month, MicroStrategy CEO Michael Saylor teased that he had convened a meeting of North American bitcoin miners to promote renewable energy and transparency. Now, the so-called “Bitcoin Mining Council” (BMC) has held its first meeting, open to the public through Twitter Spaces. Information about the council first came to light through Tesla CEO Elon …
The Bitcoin Mining Council wants to dispel negative media narratives Read More »
A new decentralized autonomous organization (DAO) called BitDAO has been formed, and several high-profile investors, including Peter Thiel and Alan Howard, have backed its $230 million fundraise. Thiel led the round, along with his Founders Fund, Pantera Capital, and Dragonfly Capital. Other investors in the round included Jump Capital, Spartan Group, Fenbushi, and Kain Warwick …
Peter Thiel, Alan Howard back BitDAO’s $230 million raise to grow DeFi Read More »
The world of DeFi can be exceedingly confusing, but this AI-powered yield farming aggregator is designed to help users make informed decisions. A DeFi platform says it offers the first artificial intelligence-powered yield farming aggregator that works across Binance Smart Chain and Solana. KingDeFi has adopted a medieval theme as it interacts with users, who are …
AI-powered yield farming aggregator KingDeFi works across BSC and Solana Read More »
Quick Take dYdX has just raised $65 million in a round led by Paradigm. The derivatives exchange launched a new Layer 2 solution earlier this year in the hope of making the platform less costly to use. Founder Juliano now wants to take on the likes of Binance, Huobi and FTX. This feature story is …