An analyst warns that there is now “just too much money to spend” as the wild money printing regime of central banks fuels Bitcoin’s strength. There is “too much money to spend,” and this will help Bitcoin (BTC) reach its next phase of huge price increases, analysts believe. In a blog post on Aug. 25, […]
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Power Ledger’s most recent development is a renewable energy certificate marketplace. Blockchain-enabled approaches to advancing the transition to renewable energy sources are making inroads in new regions. On Aug. 25, Australian blockchain firm Power Ledger announced its forthcoming launch of a marketplace for trading renewable energy certificates (RECs) across Thailand and the Southeast Asian region. […]
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The giant continues to give a boost to its prime product despite recent shipments issues. Major cryptocurrency mining hardware manufacturer Bitmain is making a major sale to Riot Blockchain, a Nasdaq-listed crypto mining company. According to an Aug. 24 announcement, the firms signed a $17.7 million purchase agreement for 8,000 Bitmain Antminer S19 Pros that […]
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Japanese exchange Coincheck will be offering an initial exchange offering in coordination with Hashpalette to sell its Palette Tokens. Major Japanese crypto exchange Coincheck has launched an initial exchange offering platform for raising funds through utility tokens. According to an Aug. 25 announcement from Coincheck, the crypto exchange will be partnering with Japanese company Hashpalette […]
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Eligible residents of Florida can now register to use the Binance.US digital asset marketplace. Binance.US, the United States branch of major crypto exchange Binance, just announced it would be making its services available to Florida residents. According to an Aug. 24 update on the Binance.US website, the digital asset marketplace will now be allowing Floridians […]
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$112 million in Ethereum options expire on August 28 but data shows traders remain bullish even as ETH trades below $400. Ether (ETH) options contracts open interest have grown five-fold in the past three months to currently sit at $452 million. The $112 million set to expire this Friday could have a considerable market impact, […]
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Crypto entrepreneurs Brock Pierce and Akon will join forces for the 2020 US presidential election. Singer and entrepreneur Akon will be endorsing crypto venture capitalist and independent candidate for U.S. President Brock Pierce — and also joining his 2020 campaign team. According to online news outlet Cheddar, J.D. Durkin reported on Aug. 24 that Akon […]
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One project’s founder controls 71% of its voting power. Curve Finance is currently the third largest DeFi protocol, with a total value locked, or TVL, of $1.1 billion. Recently the community realized that the project’s founder, Michael Egorov, had leveraged over 71% of the voting power, ultimately leading to backlash from the community. Andre Cronje, the […]
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Messari noted a lack of expenses as one potential reason for this. Messari believes that Yearn.Finance’s YFI token is one of the least expensive in the DeFi space, according to its price-to-sales multiple. The metric is calculated by dividing a token’s market capitalization by its annualized yield. In YFI’s case, its capitalization at the time […]
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Iran is rewarding people who turn in crypto miners operating without a license. Whistleblowers helped Tavanir, Iran’s power company, shut down 1100 crypto mining farms that were allegedly operating without the proper licenses. Although Tavanir says that some of the miners were using “high levels” of subsidized electricity, their report clarified that no significant changes […]
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