A giant 14.95% advance makes analysts confident as miners appear to balance increased costs to retain profitability. Bitcoin (BTC) mining difficulty has seen its biggest upward move for over two years after warnings over BTC price selling pressure. According to data from on-chain monitoring resource BTC.com on June 17, the latest difficulty adjustment saw difficulty […]
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Polkadot will now have representation on Gitcoin, a developer-focused platform that uses a mix of crowdfunding and foundation grants to grow Web3 and blockchain. A partnership announced on June 16 between the Gitcoin project and Polkadot will help the interoperable blockchain platform’s developers find community support and funding. Gitcoin’s current function can be considered as […]
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The number of Bitcoin whales with the ability to affect the BTC price is approaching 2017 levels, when the token was ascending to $20K. The number of investors holding an immense amount of Bitcoin is starting to approach levels the crypto community hasn’t seen since the cryptocurrency’s rally to $20,000. According to Glassnode’s ‘The Week […]
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$125-billion corporation will use blockchain to achieve deforestation free supply chain by 2023. June 15, Unilever unveiled a $1 billion initiative aimed at fighting climate change in which blockchain technology will play an integral role. Traceability & transparency Unilever is establishing a €1 billion ($1.13 billion) fund that over the next ten years will be […]
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Selling by Bitcoin whales dropped BTC reserves at major exchanges and triggered today’s sell-off to $8,900. As the weekly open commenced Bitcoin price dropped below $9,000 in a rapid pullback, liquidating $30 million in longs on BitMEX alone. According to market data, part of the sell off was the movement of crypto whales closing positions […]
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Fireblocks will now utilize Chainalysis’ Know Your Transaction tool to streamline compliance and Anti-Money Laundering measures. Blockchain analysis company Chainalysis is partnering with institutional digital-asset security specialist Fireblocks to integrate its Know Your Transaction (KYT) system to monitor crypto transactions within the platform. According to an announcement on June 15, the addition will strengthen Fireblocks’ […]
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Worries over a second wave of coronavirus are driving stocks down, with Bitcoin circling three-week price lows. Bitcoin (BTC) is feeling the pressure as a new week’s trading begins — but what will drive market sentiment in the coming days? Cointelegraph’s newsletter gives you five factors influencing the Bitcoin price for the week ahead. Stocks […]
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Major telecoms provider Zain has joined the governing council for distributed ledger platform Hedera Hashgraph. Zain Group — a leading telecoms provider in the Middle East and North Africa (MENA) region — has joined the governing council for enterprise-grade distributed ledger platform Hedera Hashgraph. Zain provides mobile voice and data services to over 49.5 million […]
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350 Chinese companies surveyed still believe in the higher potential that blockchain technology could offer to their businesses. A survey of 350 Chinese companies revealed that Blockchan’s pre-COVID-19 corporate bullishness remains alive in the region. According to Xinhua, the study, called “Blockchain in the Post-epidemic Age,” showed that 70% of the companies surveyed before the […]
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The third decade of the 21st century will make cryptocurrency the main payment method worldwide because of its benefits over fiat. The world has been slowly recovering from the COVID-19 pandemic, while some countries are bracing themselves for a potential second wave, but the economic downturn in many fields is imminent. This has spurred debates […]
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