Archived Posts

Blockchain technology focused IOHK, which created the Cardano (ADA) blockchain, has revealed that it has entered into a new agreement with the Ethiopian Ministry of Education. Under the deal, IOHK will facilitate enable storing of the country’s academic documents on Cardano blockchain. While announcing the news, the foundation also disclosed that 5 million students will   Read more...

DeFi platform Aave has rolled out liquidity mining rewards for participants in v2 covenant. Specifically, the platform pays rewards in excess of 20% in the form of governance toekns to those who borrow stablecoins. Users who deposit stablecoins in Aave’s protocol will receive additional returns in the range of 4.78% to 13.49% over normal gains.   Read more...

Binance cryptocurrency exchange has listed three new stocks in the form of tokens on their platform as part of the Binance Stock Token program. Interestingly, the firm has taken the initiative despite the continuing scrutiny over the previously listed tokens. As per the number one cryptocurrency exchange in terms of transactional volume, Microstrategy (MSTR), Apple   Read more...

Electric vehicle manufacturer Telsa Motors has sold a part of Bitcoins (BTC) held in the company’s balance sheet in the first-quarter of 2021, realizing a profit of $272 million, as per the quarterly earnings report published yesterday. The 30-page addendum published along with the quarterly performance report indicates that Tesla has realized a $101 million   Read more...

Since the beginning of this year, JD.com has been paying salaries to a portion of its employees using China’s Digital Currency Electronic Payment (DCEP). The e-commerce company disclosed the info while informing its participation in the twelve month DCEP trial event at the Digital China Summit, the fourth of its kind in Fuzhou, scheduled for   Read more...

The dominance of Bitcoin (BTC) declined below 50% for a short span of time last week, the first of its kind since January 2018, providing a clear indication that market is increasing its speculative bets on altcoins. The Bitcoin dominance index, which reflects Bitcoin’s market capitalization in comparison to the wider crypto market, hit a   Read more...

Anthony Pompliano, Bitcoin advocate and co-founder of Morgan Creek Digital, states that on-chain metrics that reflected the decline in the price of Bitcoin from $64,863 to less than $50,000 is now showing signs of reversal. In the latest episode of The Pomp Letter, the huge Bitcoin supporter utilizes data offered by on-chain analyst Will Clemente   Read more...

Latest data provided by CoinShares has disclosed that institutional investors are lured towards XRP. The report disclosed that for the foremost time, assets under management (AUM) have increased to $64 billion. Out of this, $233 million was invested in the past seven days, reflecting the largest investment since March. Without any surprise, Bitcoin (BTC) and   Read more...

Bitcoin (BTC) has advanced in the passage of time, beginning as digital currency to currently being claimed majorly as a store of value. Nevertheless, skeptics of Bitcoin do exist in large numbers. One among them is Nassim Taleb, author of Black Swan, a 2007 writeup in which he has precisely forecast a forthcoming financial crisis.   Read more...