Author: Donald Munn
Hive Blockchain Technologies (HIVE) has announced that it has entered into an agreement with Intel Corporation to supply its new high-performance ASICs. Hive Blockchain, Intel chips for mining in Texas The press release also states that the company has entered into a letter of intent with Compute North to host Bitcoin mining machines totaling 100 megawatts in their new renewable energy-based facilities in Texas. Hive is a Canadian company listed on the Toronto Stock Exchange and Nasdaq, and uses 100% green energy to mine Bitcoin and Ethereum. Its share price on the stock exchange today has not yet reacted to…
Today, FTX Trading Limited (FTX) has announced the creation of FTX Europe, expanding the crypto-exchange’s presence in Europe and the Middle East. The new company is based in Switzerland and has received approval from Cyprus’ financial market regulator, CySEC. FTX Europe: the expanding cryptocurrency exchange The new FTX Europe has received approval for its launch from CySEC, Cyprus’ financial market regulator. The announcement was made just a few hours ago by parent company FTX Trading Limited as it pursues its expansion strategy. In practice, FTX Europe is based in Switzerland with additional regional offices in Cyprus and will provide the…
Cardano has launched its $16 million ADA Fund8 for its innovation engine called Project Catalyst. Proposals to be evaluated for funding will have a deadline of March 17, 2022, at which time ADA could experience price fluctuations. Cardano: what is Fund8 of Project Catalyst? Cardano’s Project Catalyst program involves the Cardano Treasury collecting and funding new proposals, ideas or projects every three months. In this current Fund8, the amount available from the Cardano Treasury will be $16 million in ADA. Reportedly, Project Catalyst, which began as an experiment of collaboration, competition and raising human potential, has become the largest decentralized…
In recent days, Coinbase, the largest American cryptocurrency exchange listed on the Nasdaq, announced in a post on its corporate blog that it has blocked 25,000 Russian accounts involved in unspecified illegal activities. Coinbase blocks Russian accounts “Today, Coinbase blocks over 25,000 addresses related to Russian individuals or entities we believe to be engaging in illicit activity, many of which we have identified through our own proactive investigations. Once we identified these addresses, we shared them with the government to further support sanctions enforcement”. reads the company’s post. This decision comes after that in recent days, Ukraine’s Vice President and…
More than $30 million worth of bitcoin and ethereum was stolen from Crypto.com recently, according to the company. How Bitcoin and Ethereum were stolen A hacker was able to defeat the two-factor authentication mechanism of Singapore-based cryptocurrency exchange Crypto.com and remove cash from 483 client accounts, according to a statement the Singapore-based crypto exchange made on its corporate blog. Crypto.com is famous for its viral commercial featuring Matt Damon and its recent $700 million contract to rename the Staples Center in Los Angeles as Crypto.com Arena. There were 4,836.26 ETH withdrawals and 443.93 BTC withdrawals that were “unauthorized,” according to…
The NFT Magazine, a project created by cryptodailynews24.com and ArtRights, is launching its NFTM token and on 16 March at 6 PM (CET) there will be a snapshot for the airdrop. These tokens will initially be sent to all owners of at least one copy of The NFT Magazine. How to get NFTM tokens The NFT Magazine was launched with its first issue last November 2021 featuring Hackatao on the cover. Since then, four more issues have been released with Coldie, Dangiuz, Refik Anadol and Antoni Tudisco as the artists who designed the covers, which were sold as NFTs. The…
The future is just around the corner and is already knocking on your door. The metaverse is replacing reality, and now many companies you know will begin to explore it. Sports are already actively integrating into the metaverse. Let’s look at a few prime examples how to buy crypto with fiat. “Manchester City” is building a stadium in the metauniverse Manchester City Football Club and Sony have announced plans to build an exact replica of the Premier League champions Etihad Stadium, but not in reality, in the metaverse. This will provide an additional opportunity for fans around the world to…
Over the weekend, some well-known DeFi protocol devs announced that they have decided to quit their work on the DeFi protocols they have been working on. These are Anton Nell and Andre Cronje. Andre and I have decided that we are closing the chapter of contibuting to the defi/crypto space.There are around ~25 apps and services that we are terminating on 03 April 2022. 1/3 — Anton Nell (@AntonNellCrypto) March 6, 2022 Devs leave DeFi, consequences The two stated that there are about 25 apps and services that will end on 03 April 2022, namely yearn.fi, keep3r.network, multichain.xyz, chainlist.org, solidly.exchange…
Bitcoin Analysis BTC’s price was worth $38,437 when traders settled up to close the daily / weekly candle on Sunday at 12:00 UTC. The first project we’re analyzing per usual is bitcoin and today we’re looking firstly at the BTC/USD 1D chart below from IceCreamMayDay. BTC’s price is trading just above its trendline on the daily time frame dating back to the beginning of 2022, at the time of writing. It looks as though a steep move to the downside is imminent if BTC bulls fail to hold the 0.236 fib level [$37,514.36]. If bullish BTC traders fail to hold…
The unexpected rises As the crisis in Ukraine unfolded, the world’s stock markets took a downward turn and so did most currencies. However, some surprises have come from unexpected sectors, including some US banks and financial companies, the mining industry, good old oil and Bitcoin. Bitcoin and oil compared Black gold broke through the $106/barrel barrier, up 6% from pre-crisis levels. However, the appreciation of the commodity is not the only one to have caused astonishment among those in the industry. In fact, another outsider, Bitcoin, has hit the headlines with an even greater surge in value. Bitcoin and the…