The addition of Chainlink Price Feeds to the Avalanche mainnet will increase the quality of DeFi apps that can be built on the popular platform. Secure price reference data from a variety of asset types is provided via the feeds. Price-sensitive derivatives markets, low-cost loan applications, and high-throughput trading methods are some of the new choices accessible.
Bloomberg reported that more than three years after initial allegations of a federal probe into the cryptocurrency stablecoin Tether, the matter is still a “possible” criminal prosecution. Bitcoin’s price soared in response to the announcement, temporarily exceeding $40,000 for the first time since mid-June.
Trading volumes for bitcoin have fallen to their lowest point this year, roughly matching those of summer 2020. The weekly average of $3 billion in July is almost the same as the volume in mid-December 2020. Summer is one of the reasons for the market’s low activity, according to two crypto specialists.
AthleteX Markets has established a partnership with Chainlink to improve its data-collecting method in order to fuel a new range of apps and services in the future. This partnership will provide the organization access to Chainlink’s world-class data aggregation technology, which it will use for decentralized exchange and synthetic asset issuance.
Following Beijing’s decision to expel its miners in May, more than half of the hashrate – the collective computing power of miners worldwide – was removed from the network. The United States has quickly emerged as the new hotspot for the world’s crypto miners. Over the previous six months, the nation has risen from fifth to second place, accounting for roughly 17% of all worldwide bitcoin miners.
According to sources, Hong Kong officials detained four individuals in connection with a $155 million money laundering scam. Officials said the guys, aged 24 to 33, had conducted Tether transactions on a trading website. Cryptocurrencies have long been used in crime because they give anonymity and are difficult to track.
StormX has recently announced that they have wrapped up with the first phase of Chainlink Price feed integration. Along with this, they are planning to launch SeleCT x StormX NFTs. The integration is already live on the Ethereum mainnet and involves Chainlink Price Feeds for ETH/USD, STMX/USD, and USDT/USD.
From January to May, suspicious domain registrations for dogecoin increased by 744 percent. BrandShield, a cybersecurity organization, looked into eight more cryptocurrencies as well as five trading sites. The findings come at a time when cryptocurrencies are expected to skyrocket in popularity in 2021.
In 2021, cryptocurrency usage will continue to increase, with over 300 million crypto users and 18,000 companies accepting crypto payments. Although the world’s major digital coins, Bitcoin and Ethereum, continue to have the highest ownership rates in the crypto sector, Dogecoin has risen to the top of the list of the most popular crypto investments.
Investors were shifting their focus to proof-of-stake assets as the ESG discussion raged around Bitcoin, which has been attributed by some as one of the reasons for the market crash. Cardano saw $11 million in capital inflows from institutional assets after the 19 Mary collapse, according to Coinshares.
650 US banks will soon be allowed to sell bitcoin to an estimated 24 million consumers. Community banks, like North Carolina-based First Citizens Bank, and credit unions, including Bay Federal Credit Union in California, will be able to provide cryptocurrency trading to their clients as part of an agreement between business payments giant NCR and digital-asset management startup NYDIG.
pNetwork has announced a partnership with Algorand, a PoS (proof-of-stake) blockchain that aims to bring traditional and decentralized finance together. pNetwork is well-known for its cross-chain technology, which allows NFTs and assets to be transferred across blockchain networks. The enterprises will build cross-chain bridges for Algorand as part of the cooperation.
Cardano The number of ADA staking addresses has exceeded 650,000, with 2,647 active staking mining pools. Entire staked funds are valued $30 billion, accounting for about 71.27 percent of ADA’s total supply. Cardano’s founder and CEO, Charles Hoskinson, has announced his ambition to offer Cardano to the people of El Salvador.
LMAX Group has joined the Pyth Network, a decentralized financial market data distribution network, as the first large institutional exchange. The deal allows LMAX, a well-known operator of institutional execution venues for FX and cryptocurrency trading, to enter the DeFi space. The company will immediately broadcast its foreign exchange and cryptocurrency data to the network. Based on […]
Since June 14, when Sichuan miners were advised to prepare for operation shutdowns, the Bitcoin network’s hashrate has been slowly declining. According to research from the University of Cambridge, Sichuan is China’s second-densest province, home to the majority of miners. The hashrate of Bitcoin is now hovering just over 100 exahash per second (EH/s).
Mark Cuban, a well-known billionaire investor and ardent supporter of the cryptocurrency market, particularly Decentralized Finance (DeFi), has called for decentralized finance (DeFi) and stablecoin regulation after losing money on his Titan token investment, which plummeted from an all-time high of 52 dollars to $0.
When you do, you will notice that first and foremost, anyone thinking about buying Cardano should evaluate the volatility. The 52-week range for ADA is 7.6 cents to $2.46, according to Yahoo Finance. That’s a 32X differential, which means you’re in for a ride, but who knows if it’ll be a nice one?t the ADA-USD pair is riskier than you would have thought.
With the debate over crypto mining’s energy use increasingly involving renewable sources, an increasing number of UK farmers are turning to a surprising reservoir of power – cow waste, aka dung – to generate electricity for carbon-neutral crypto mining operations, thus diversifying and increasing their revenues.