Page 9 of Bitcoin

Are there any concerns with the Metaverse, and its future?

Some claim that the definition of a Metaverse requires a highly decentralised platform built mostly on community-driven standards and protocols

Updated: August 15, 2022 13:19 IST

Other capabilities such as swaps, xcm (cross-chain communications on Polkadot), and Oracle pallet pricing feeds were also paused until "further notice."

After the Acala exploit, the network and tokens freeze, raising concerns

Acala is a cross-chain decentralised finance (DeFi) hub that issues the Polkadot (DOT) blockchain-based aUSD stablecoin.

August 15, 2022 11:22 IST

Due to market conditions, Coinbase unhired fresh candidates and lay off 1,100 staff following a petition against executives.

Binance holds the most amount of Bitcoin on exchanges after roles have reversed with Coinbase

Coinbase users reported that they had lost their Wormhole Lunas while attempting to transmit them to the exchange, which Coinbase…

August 15, 2022 10:36 IST

Some countries have more fundamental challenges that a digital counterpart of a fiat currency may not be able to address.

What factors often drive a country’s acceptance of Bitcoin as legal tender?

The Central African Republic is the second country to accept Bitcoin as legal money (CAR).

August 14, 2022 11:07 IST

As per Curve Finance team, the hack was detected on Tuesday which alerted the users to restrain from using the site.

Binance recovers the majority of funds stolen from Curve Finance

On Monday, researchers returned an estimated $32.6 million worth of USDC, Tether (USDT) and other altcoins to Nomad.

August 12, 2022 17:59 IST

Marathon Digital stated it had boosted its Bitcoin output year over year, creating 707 BTC in the quarter.

BTC mining stocks double in a month as production ramps

Core Scientific announced an astounding 1601% gain in self-mined Bitcoin year-to-date, reaching 6,567 BTC, in a Q2 results filing on…

August 12, 2022 15:46 IST

The UN Agency restated the International Monetary Fund's (IMF) position on the dangers of using cryptocurrencies as legal money

UN agency wants comprehensive crypto regulation in developing countries

According to the report, recent market developments have shown that cryptocurrencies, particularly stablecoins, have the potential to threaten the financial…

August 12, 2022 14:44 IST

74% of companies integrated completely on Polygon, whereas 26% deployed on both Polygon and Ethereum

Decentralised apps on Polygon hit 37,000, rocketing 400% this year

The NFT venture fund/gaming company Animoca Brands, host dApps on Polygon’s EVM-compatible proof-of-stake (PoS) blockchain.

August 11, 2022 14:05 IST

Grayscale is the second-largest Bitcoin holding overall, behind massive crypto exchange Binance.

Unknown wallet transfers $3B worth of Bitcoin linked to old address

Satoshi Nakamoto is the biggest Bitcoin holder across all individuals, exchanges, governments, and businesses, according to data from June 2022.

August 11, 2022 11:25 IST

In developing countries with unmet demand for reserve currencies, stablecoins pose particular risks.

7.3% of the Indian population owned digital currency in 2021, 7th highest in the world: UN

In India, 7.3 per cent of the population owned digital currency in 2021, ranking seventh in the list of top…

Updated: August 11, 2022 09:24 IST

As stated by Pratik Gauri, CEO, 5ire, a blockchain platform, WazirX’s main concern should be to regain the trust of consumers

As WazirX battles on against Binance, what will be the impact on the brand

Reportedly, behaviour among Indian users has indicated their intention to transfer assets from WazirX

Updated: August 11, 2022 09:52 IST

For algorithmic stablecoins, the seigniorage model has stablecoins and seigniorage ownership

What are the different kinds of stablecoins

As stated by Cointelegraph, algorithmic stablecoins TerraUSD are backed by collateral to reduce the price volatility of a specific asset…

August 10, 2022 18:00 IST

The loan protocol will create a liquidation mechanism to lower the risk for the protocol in order to ensure the long-term stability of the system.

What are crypto liquidations, and what are the market repercussions?

Most loan protocols contain a liquidation feature, including Aave, MakerDAO, and Abracadabra.

August 10, 2022 17:48 IST

To reward active users who contribute high-quality content to the network, Reddit introduced blockchain-based Community Points coins in 2020.

Reddit is forging ahead with blockchain adoption push with FTX partnership

Users can spend their earned Community Points in a variety of ways, including buying premium memberships, and giving them as…

August 10, 2022 16:53 IST

Nuri collaborated with the bank and its cryptocurrency subsidiary Solaris Digital Assets to outsource banking and custody licences for cryptocurrencies.

500K user German crypto bank ‘Nuri’ files for bankruptcy

Notably, a collaboration with Solarisbank AG prevents the company from managing customers’ fiat and cryptocurrency funds directly

August 10, 2022 14:33 IST

According to the shareholder letter dated August 9th, net revenue for Q2 was $803 million, down from $1.17 billion in Q1 and $2.03 billion in Q2 2021.

Coinbase posts a Q2 loss of $1.10 billion due to falling exchange assets

From $256 billion in Q1 to barely $96 billion in Q2, the exchange’s worth of cryptocurrency assets decreased.

August 10, 2022 13:41 IST

The move is on the back of recent regulatory action taken against Zanmai Labs Pvt Ltd, in relation to their operations of the WazirX Exchange.

No affiliation to users ED appears to be investigating’, clears Zanmai Labs owner of WazirX

KYC details are available for all off-chain transfers as well. Off-chain withdrawals also cannot happen if the accounts are not…

Updated: August 10, 2022 13:37 IST

The company noted that they can offer consumers who discovered Bitcoin alternative paths like stablecoins.

Bitcoin.com to introduce Bitcoiners to decentralised finance

The company intends to reward individuals who top up and for their usage with the debit card.

August 9, 2022 15:27 IST

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Vibrant Gujarat northern region meet to be held at Mehsana on Oct 9

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The first Vibrant Gujarat Regional Conference (VGRC) will take place in Mehsana on October 9, focusing on agriculture, renewable energy, MSMEs, and FMCG. The conference will be attended by Gujarat CM Bhupendra Patel, Union Minister Ashwini Vaishnav, and ISRO chairman Dr V Narayanan.

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