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Banking system consumes two times more energy than Bitcoin: research
17.5.2021
According to Galaxy’s estimates, the annual energy usage of Bitcoin stands at 114 TWh, while the banking industry consumes over 260 TWh each year
Kenya Based Technology Firm Switches to Pancakeswap, Cites High Gas Fees on Uniswap
17.5.2021
In its bid to help users avoid high gas fees on Uniswap, a Kenya-based fintech firm, UTU, recently launched a liquidity pool on the decentralized exchange (dex), Pancakeswap. This launch enables prospective UTU coin buyers to acquire the token “with low fees and fast confirmation...
As Bitcoin Drops in Value, Proof-of-Stake Tokens That Use Less Energy See Double-Digit Gains
15.5.2021
Crypto markets have been very volatile in recent times and a great number of digital assets have dropped more than 30% in value during the last three days. Although, not all the coins in the crypto economy are doing badly, as coins that do not leverage proof-of-work (PoW) consensus algorithms have...
I could build this during the weekend
11.5.2021
How many times have you heard that (or even uttered it under your own breath)? I know I’ve heard it in conversations. I also know I’ve wondered the same thing about a product or two — hey, the idea here …
The post I could build this during the weekend appeared first...
Privacy-Centric Coins See Fresh Gains, Monero Captures All-Time Price High
9.5.2021
On May 7, the privacy-centric crypto asset monero captured an all-time high at $515 per unit, as demand for confidential transactions has increased in recent times. Monero has gained more than 190% during the last three months, while a number of other privacy coins like zcash, verge, horizen,...
NFT Weekly Roundup: Earning Through NFTs, Legendary Muhammad Ali Collectibles, NFT Display in Times Square, and More
8.5.2021
The NFT ecosystem is in full bloom, with several renowned names entering the playing field. As more and more artists and creators join the cash-strapped world of NFTs, we’ve got you covered with the latest announcements and launches of the week that are taking the world by storm. Hashmasks...
Crypto Analytics Firm Coin Metrics Raises $15 Million, Goldman Sachs Leads Funding Round
6.5.2021
On May 5, the cryptocurrency data and analytics provider Coin Metrics announced the firm has raised $15 million in Series B financing round. The funding was led by Goldman Sachs and a number of other venture firms, as digital currency data has become a hot commodity in recent times. Digital...
Star Wars Collectibles Go Digital as Collections Embrace NFTs
5.5.2021
More than 800 limited edition collectibles, some from shooting scenes, are set to go to auction on the Starcoll NFT marketplace, as a large collector leverages blockchain technology for one of the most storied movie franchises in history. Early Registration Timed for May The 4th (Be With You) In...
Southeast Asia’s Largest Bank DBS Says Trading Volumes on Its Cryptocurrency Exchange Have Increased 10 Times
5.5.2021
DBS, Southeast Asia’s largest bank, says that cryptocurrency trading volumes on its exchange have grown 10 times to around $30 million to $40 million. The bank is also collaborating with JPMorgan on a blockchain settlement platform and plans to launch its first security token offering in...
Asia-Pacific’s solarized digitalization agenda in pandemic times
24.4.2021
Amid the COVID-19 pandemic, the role of digitalization has become central to achieving sustainability and lessening climate change
Communist Party of Cuba Suggests Including Cryptocurrencies as an Alternative to Deal With Economic Crisis
20.4.2021
When a country faces a severe economic crisis or living in a long-lasting political turmoil, cryptocurrencies are often discussed as an alternative to deal with the tough times. Although cryptos are not an unfamiliar issue in Cuba, the Communist Party of Cuba (PCC) has been recently showing...
Path Of Exile Let Streamers Bypass Long Server Wait Times
19.4.2021
During the launch of its new expansion Ultimatum, Path of Exile’s servers were having some problems over the weekend, leaving players with wait times to get in that sometimes stretched into hours. Unless, that is, you were a streamer paid to broadcast the game, in which case you got straight...
Bitcoin power consumption ‘66 times higher than in 2015’: Citigroup
15.4.2021
However energy consumption has not matched the 170X price increase over the same period
There Is No After
14.4.2021
Shortly before Christmas last year, I sent a message to Jeff Sharlet, a writer I don’t know, thanking him for memorializing the dead. It was a Sunday night, past 2 a.m., and though I can’t remember the specific thing keeping me awake I know its basic contours. Most every feeling I’ve had this year...
NYSE celebrates historic 'first trades' with NFT series
13.4.2021
The NYSE’s NFTs will celebrate the first trades made in the shares of Spotify, Unity, DoorDash, Snowflake, Roblox, and Coupang
Report Claims the FBI Uses Bitcoin Mixers During BTC Forfeiture Processing
11.4.2021
Over the last eight years, U.S. law enforcement has seized a great number of bitcoins and at one time, the Federal Bureau of Investigation (FBI) held one of the largest bitcoin wallets after the Silk Road takedown. A recently published report shows the FBI has started using cryptocurrency mixing...
Chinese Tech Firm Meitu Buys 175 Bitcoin, Treasury Now Holds $100 Million Worth in BTC and ETH
9.4.2021
The China-based smartphone and internet app maker Meitu has announced the acquisition of $10 million worth of bitcoin for its treasury after the firm purchased digital assets two times prior last month. The company’s cryptocurrency holdings now stack up to $100 million worth of ethereum...
The Weight
8.4.2021
More than 20 years later, I can still remember my grandmother handing me the silver diet book with the cartoon cover and the sense that I needed to do something. I was probably around 13; the specifics have mercifully faded with time, but the cover and the feeling are burned into my brain. And...
Coinbase’s Q1 Revenue Soars 9-Fold to $1.8 Billion Ahead of IPO on Nasdaq
7.4.2021
Coinbase has announced its earnings estimates for the first quarter of 2021. The company says its estimated revenue for the period is nine times more than the amount generated in the same period last year. In addition, the crypto platform says it has 56 million verified users and a total trading...
Ripple XRPs Price Skyrockets in Recent Times
5.4.2021
Ripple XRP’s price surged higher in the last week of March. Earlier this year, in January, XRP’s price had increased by 50%, powered by WallStreetBets traders. It again gained massive bullish momentum in March after gaining 15% in a few hours in the mid of March. At the time of writing this...