Search results by “bit”
BlockFi plans to sell $160 million worth of bitcoin-backed mining loans amid bankruptcy proceedings. The company has also requested to pay bonuses to key talent to retain employees. The recent Bloomberg report revealed the company had started a bidding process for mining loans last year. However, some of those loans, which are around $160 million […]
Bitcoin’s (BTC) price almost surpassed a 10-year record, and Ethereum (ETH) will reach some milestones in the second quarter of 2023 due to the upcoming mainnet update. If the price of bitcoin (BTC) continues to rise, which it has been doing daily for the past 15 days, it will overturn the record set by the […]
🔥 El Salvador just made history by passing a law allowing for Bitcoin-backed bonds 💰 and creating a government body to regulate all digital assets 💻 Let’s raise funds and build a Bitcoin City powered by volcano energy! 🌋
🚀 Layer 2 solutions like Arbitrum and Optimism are taking over! They’ve displaced the Ethereum mainnet in daily transaction volume for the first time. With faster and cheaper transactions, these L2 giants are a hit among users, making up nearly 80% of all L2 solutions. 🔥DeFi protocols and projects like Galxe are driving adoption of these L2 solutions, making them the go-to choice for many Ethereum users. 🚀
The largest decentralized exchange, Uniswap, is to bring debit and credit card payments to DeFi via the crypto payments provider, Moonpay. Uniswap is making a giant step towards DeFi adoption with an announcement of this partnership: Users can purchase crypto on the Uniswap Web App using a credit card, debit card, or bank transfer. They can convert […]
Crypto exchange Binance has published a proof-of-reserves, audited by financial advisory firm Mazars, showing that Binance’s bitcoin reserves are overcollateralized. Binance underwent proof-of-reserves by Mazars on Nov. 22. To date, Binance bitcoin reserves were overcollaterised by 101%: At the time of assessment, Mazars observed Binance controlled in-scope assets in excess of 100% of their total […]
Tingl is a secure messenger for web3 natives to bolster privacy standards while making it fun to chat. Some of the tingle core strengths: ✅ no risk of the account being “canceled” a few years from now ✅ non-moderated accounts and content ✅ creative authors’ IP rights respected ✅ personalized and anonymous virtual identities ✅ […]
Although bitcoin price correlates directly with the BTC mining industry, miners’ revenues have reached an all-time low since November 2020. According to data from Blockchain.com, total bitcoin mining revenue fell to $14.35M, last seen on Nov. 6, 2020, when bitcoin was trading at around $13,5K. Although bitcoin is currently trading around $16,5K, which suggests an […]
In August, South African software developer Kgothatso Ngako revealed a potentially groundbreaking service that could greatly enhance Bitcoin adoption rate all over Africa. The service named Machankura, which is a colloquialism for money in South Africa, allows traders with no internet access to buy and spend Bitcoin. However, according to the latest insider info, regulators […]
Another crypto company is greatly suffering the effects of the ongoing bear market. This time, BitMEX is reportedly planning to lay off 30% of its entire workforce. A Seychelles-based crypto derivatives exchange, BitMEX is currently one of the leading players in the field. According to CoinGecko, it’s done $371 million over the past 24 hours. The […]
