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A Mining Rig That Boasts 440 TH/s? Miners Question the Legitimacy of New Bitcoin Mining Device
5.2.2022
The cryptocurrency community has been discussing a newly announced bitcoin miner called the Numiner NM440 that claims to produce speeds of up to 440 terahash per second (TH/s). Furthermore, a publicly-listed company called Sphere 3D has detailed that it purchased 60,000 Numiner NM440 mining rigs...
The Metaverse calls: NFTs construct virtual economies to stay relevant in 2022
5.2.2022
“Utility” is the 2022 NFT buzzword and a few forward-looking projects are venturing into the Metaverse by integrating gamification and token emission strategies to their roadmap
Value Locked in Defi Climbs 13% Higher Since Last Week’s Low, SOL Price Jumps 25%, AVAX TVL Spikes
5.2.2022
The total value locked (TVL) in decentralized finance (defi) has jumped back above the $200 billion range, hovering around $216.49 billion on Saturday morning (EST). The TVL in defi has increased 13.60% since tapping a low of $190.57 billion 13 days ago on January 23. The decentralized exchange...
Technical Analysis: Gala Jumps 37% Higher, as Crypto Bulls Return
5.2.2022
During the weekend, when bitcoin rose to a two-week high, it was Gala that stole the show after climbing 37%. Bulls returned to action on Saturday, as the global crypto market capitalization was around 8% higher. Biggest gainers Following a huge week of news in the gaming and crypto space, it...
Government Official Discusses Indian Crypto Policy, Global Regulations, G20 Meeting
5.2.2022
India’s economic affairs secretary, Ajay Seth, has provided an update on what the Indian government is doing in terms of finalizing cryptocurrency legislation. He expects crypto regulation to be discussed at the upcoming G20 meeting for finance ministers and central bank governors. Economic...
Bitcoin, Ethereum Technical Analysis: Ethereum Moves Past $3,000 to Start the Weekend
5.2.2022
Following a week of consolidation, bitcoin and ethereum prices both rallied past key resistance levels to start the weekend. Bitcoin moved beyond $40,000, with ethereum climbing over the $3,000 mark. Bitcoin Cryptocurrencies were higher to start the weekend, as markets appear to have moved past...
Gofundme Shuts Down Truckers’ Freedom Convoy Fundraiser, Move Highlights the Importance of Crypto Crowdfunding
5.2.2022
This week the world has been watching the thousands of truckers in Canada protesting the vaccine mandates at the Freedom Convoy in Ottawa. The Freedom Convoy has received worldwide support and millions of dollars were raised using Gofundme to help fund the protest. However, the crowdfunding...
African Web3 Startup Raises $6.45 Million in Pre-Seed Round, Serena Williams’ Investment Firm Participates
5.2.2022
An African startup, Nestcoin, said it raised $6.45 million in a pre-seed funding round in which tennis’ star, Serena Williams’ Serena Ventures took part. The startup, which was launched in November 2021, plans to use the capital raised to educate, build and invest in web...
Layer 2 in 2022: Get Ready for Rollups, Bridges, New Apps, Life With Ethereum 2.0, and Layer 3
5.2.2022
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Read More: Layer 2 in 2022: Get Ready for Rollups, Bridges, New Apps, Life With Ethereum 2.0, and Layer 3
Russian Association of Power Suppliers Proposes Measures to Prevent Home Mining
5.2.2022
The industry organization of Russian energy suppliers has come up with ideas on how to combat cryptocurrency mining in homes, basements and garages. The association believes the phenomenon is the main issue with mining in Russia as authorities prepare to legalize it. Suppliers Move Against Mining...
A DAO Created to Free Julian Assange Has Raised $7.5 Million in Ethereum
5.2.2022
A group of cypherpunks recently initiated a decentralized autonomous organization (DAO) in order to try and free the incarcerated Wikileaks founder and activist Julian Assange. So far, the DAO has raised $7.5 million in ether and the funds will be used to help with Assange’s legal fees...
Konami to Keep Selling NFTs to ‘Preserve Content’
5.2.2022
Konami, one of the leading Japan-based game developers, elaborated on its future policy regarding NFTs. In its latest financial results meeting, Konami touched briefly on the subject of NFTs, and explained it would go on with its activities involving this technology as a preservation tool for some...
Belarus Moves to Allow Investment Funds to Acquire Crypto Assets
5.2.2022
The crypto-friendly nation of Belarus is preparing to permit investment funds to put money into digital currencies. A proposal to do so is part of a package of necessary legal changes tailored to attract such institutions to the country. Finance Ministry Takes Steps to Facilitate Crypto Investments...
Metaverse Real Estate Sales Expected to Reach $1 Billion This Year
5.2.2022
Real estate sales in the metaverse are expected to reach a billion dollars this year, according to a metaverse analytics firm. The company expects real estate sales on four major metaverse platforms, which surpassed $501 million last year, to double this year. $1 Billion Metaverse Real Estate Sales...
US Lawmaker: Crypto Assets Are Here to Say, Diversified Portfolios Should Have Crypto Exposure
5.2.2022
U.S. Senator Pat Toomey says that crypto assets are here to stay and “a thoroughly diversified portfolio should have some.” The lawmaker added that he has a “very simple” investing strategy — diversify. US Lawmaker Says Crypto Is Here to Stay U.S. Senator...
Federal Reserve Bank of Boston and MIT Release Central Bank Digital Currency Research and Open-Source Code
5.2.2022
The Federal Reserve Bank of Boston and the Massachusetts Institute of Technology (MIT) have jointly published the initial findings of their central bank digital currency (CBDC) research. They also published the open-source code for the CBDC project. Boston Fed and MIT Publish Initial Findings...
A Team of Experienced Crypto Enthusiasts Launch RIDGE Charity Token
4.2.2022
PRESS RELEASE. Podgorica, Montenegro – A group of crypto enthusiasts has announced the release of the RIDGE charity token. RIDGE is a community-driven charity token deployed on the Ethereum network (ERC-20) with the major purpose of donating to charities and developing other crypto...
This Year’s Super Bowl Attendees to Get Commemorative NFT Tickets From NFL, Ticketmaster
4.2.2022
The National Football League (NFL) has announced the American football organization plans to give fans virtual commemorative tickets in the form of non-fungible tokens (NFTs) for the upcoming Super Bowl LVI in Los Angeles. The NFL has partnered with Ticketmaster to issue the commemorative...
Nifty News: Olympic Games Beijing 2022 edition
4.2.2022
The International Olympics Committee has been selling Olympic NFT pins in a lead up to their mobile game release, Team Great Britain offers an NFT-based fan engagement program and the "Chinese Banksy" protests against the Olympics Winter Games
Bank of England Hikes Bank Rate to 0.5%, Governor Andrew Bailey Hints at Wage Restraints
4.2.2022
The Bank of England (BOE) raised the country’s benchmark bank rate from 0.25% to 0.5% this week in order to curb rampant inflation. “We face a trade-off between strong inflation and weakening growth,” the British central bank’s governor Andrew Bailey told the press....