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Blockchain

Bukele’s Bitcoin Is Not What Turkey Needs

This problem is rooted in the late 1980s when Turkey opened its capital accounts, allowing the lira to trade and float against other international currencies, at a point where it was still very much an emerging economy subject to periods of instability. At least according to Bingol, this opening was “premature,” coming before the lira […]

Newly Public Core Scientific Leads Slump in Crypto Mining Stocks

The stocks of other publicly traded miners, which are highly leveraged to the price movements of the cryptocurrencies they mine, have also dropped. On Friday, shares of Hut 8 (HUT) fell about 12%, Hive (HIVE) dropped more than 9%, Riot Blockchain (RIOT) dipped 7%, and Marathon Digital (MARA) fell about 5%. Source link

Cardano-Based Decentralized Exchange 'SundaeSwap' Off to Rocky Start

SundaeSwap, the first decentralized cryptocurrency exchange on the Cardano blockchain, went live this week, but users have complained that transactions are failing and they aren’t receiving their swapped tokens. Similar to Uniswap’s UNI token, which powers the automated liquidity provider, SundaeSwap has its own token, SUNDAE, but the data websites CoinMarketCap and CoinGecko don’t have […]

Crypto-Exposed Stocks Sink Amid Bitcoin’s Decline, Broader Market Rout

Cryptocurrency stocks were also falling amid a broader stock market rout, with technology shares bearing the brunt of the recent downtrend. The tech-heavy equity index Nasdaq has fallen 5% this week and was down 1% on Friday. The index fell through some key technical support levels, including the 200-day moving average, for the first time […]

NYT’s Kevin Roose on the Future of Crypto

The future is rapidly approaching and the crypto industry is determined to establish its place in it. Web 3 is shaping up in opposition to the current Web 2, moving away from the centralized, data-driven approach of today’s internet. Alongside Web 3 is the metaverse, where individuals can fragment themselves into two parts: their physical […]

Binance Didn’t Upgrade Customer Checks, Despite Promises to Regulators: Report

The world’s largest crypto exchange kept weak know-your-customer (KYC) checks and did not properly cooperate with authorities, despite its public promises about compliance, Reuters said in an investigative report published Friday. The report was based on interviews with dozens of former employees of Binance, advisers and business partners, as well as the review of hundreds […]

Iris Energy Secures 600MW Connection for Texas Bitcoin Mine

Australian crypto miner Iris Energy (IREN) secured a 600-megawatt connection for a new Texas crypto mining facility, the company said on Friday. The company said in a filing with the U.S. Securities and Exchange Commission (SEC) that it has executed a binding connection agreement with utility provider AEP Texas. Iris Energy paid $19 million for […]

Is Tornado Cash Complicit in Laundering Crypto? It’s Complicated, Says Former Agent

“Pretend I’m running away from police with a bag of cash, and jumping over fences, trying to evade capture… that’s not money laundering,” he said. “If Tornado Cash knows who deposited the money, and who took it out, that’s not money laundering.” Source link

‘Facebook of Russia’ Exec Rogozov Joins Telegram’s Spin-Off Blockchain Project

In Rogozov’s view, Telegram is not just a messaging app: It’s a major content platform because its many channels function as media outlets. That means the current boom in content creation will benefit it and boost the development of crypto tools aimed at rewarding those creators – including Toncoin’s donation bot, Rogozov said. Source link

‘Google for Blockchains’ The Graph Raises $50M Led by Tiger Global

The Graph supports indexing data from 26 different blockchain networks, including Ethereum, NEAR, Arbitrium, Optimism, Polygon, Avalanche, Celo, Fantom, Moonbeam and IPFS. So far, its subgraphs are used by Uniswap, Synthetix, KnownOrigin, Gnosis, Balancer, Livepeer, DAOstack, Audius and Decentraland, according to a press release. Source link

India's Crypto Industry Has Great Expectations From the New Budget

India’s cryptocurrency ecosystem is eagerly hoping for a hint of regulation from the government come Feb. 1, 2022. India’s Finance Minister Nirmala Sitharaman will present the nation’s budget at the beginning of the month, considered the most important financial day of the year for the world’s largest democracy. The speech sets the financial tone for […]

The Father of PlayStation Doesn’t Like Metaverse or VR Headsets

As the idea of the metaverse — bringing together different gaming worlds and economies under one cohesive secured virtual umbrella — crystalizes in the collective consciousness of gamers, one of the best-known figures in the industry has come out against it. Source link