Category: Blockchain

Bitcoin funding rates have slowed down since the leading cryptocurrency scaled to new heights of $69,000. On-chain analyst Will Clemente acknowledged: “BTC funding rates have calmed down across the board. A lot of the greed in the Bitcoin market has been neutralized, for now.” Moreover, funding rates have dropped because open interest in

Animoca Brands is partnering with Cube Entertainment to build metaverse and non-fungible tokens (NFTs) as K-pop has been taking the world by storm, the executive chairman of the company said. The joint venture between the Hong Kong-based Animoca Brands and South Korean entertainment company Cube Entertainment, aims to build a music metaverse, and issue NFTs and ecosystem

Bitcoin (BTC) has experienced both twists and turns so far in 2021. For instance, the leading cryptocurrency was pushed to the wall in May after losing 50% of its value in a single day and dropped to lows of $30,000 as China intensified its crackdown on crypto mining. Nevertheless, Bitcoin has been able to dust

This quarter has been rewarding to Ethereum (ETH) because it is now an asset with a market capitalization of more than $500 billion. Continued adoption has played an instrumental role in enabling Ethereum’s value to rise because it is one of the sought-after networks in the non-fungible token (NFT) and decentralized finance (DeFi) sectors. Furthermore,

A recent survey from the Pew Research Center has drawn an insight into the popularity of emerging digital currencies amongst Americans. Per the survey conducted between 13 to 19th of September, at least 16% of respondents say they have either invested in, done transactions with, or interacted with cryptocurrencies. The survey shows that digital currencies

A former member of the CPPCC (Chinese People’s Political Consultative Conference) got fired by touching Beijing’s nerve. Xiao Yi, a former advisory member of CCP has been expelled from the party in what appears to be the first full-blown sanction of an official that violated Beijing’s stance against cryptocurrency mining.   Per the translated version of the

On Sunday, the 14th of November marks a historic milestone for the Bitcoin network as the much anticipated Taproot Upgrade went live at block height 709,632. According to Blockchain.com, F2Pool was accorded the honour of mining the block. The upgrade event is arguably the most remarkable since the Lightning Network and the Segregated Witness upgrades,

Ethereum (ETH) has enjoyed a rollercoaster ride this quarter by hitting historic highs in its 6-year journey. The second-largest cryptocurrency based on market capitalization recently reached an all-time high (ATH) of $4,860, thanks to diminishing supply on its network. Data analytic firm IntoTheBlock explained: “A potential reason behind ETH rally is its decreasing supply.

JD.com, a top electronic site in China, was accepting China’s new Digital Renminbi for payments on its e-commerce platform during Singles Day – the world’s biggest shopping event – for the first time. Although the Singles Day event normally happens – from November 1 to November 11, every year, this is the first time in

Indonesia’s most acclaimed Islamic scholarly body, the Majelis Ulama Indonesia (MUI) has spoken against the engagement with digital currencies for Muslims in the country as it says the nascent asset class is haram, a similar position held by a smaller religious group as reported by Blockchain.news. According to CNBC Indonesia, the Majelis Ulama Indonesia came