Monthly Archives: August 2021

Senate infrastructure bill isn’t perfect, but could the intention be right?

The provisions of the U.S. infrastructure bill stirred up a heated debate, but many of the fears voiced by its critics are misguided. United States Senators have cast their votes, and the contentious HR 3684 infrastructure bill cleared in the upper Congress chamber. Now, the gigantic document of over 2,700 pages and amounting to almost $1 trillion is heading to the House of Representatives, including the provisions expanding the definition of a cryptocurrency broker, designed to beef up crypto and decentralized finance (DeFi) tax compliance. The $1 […]

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Biden’s infrastructure bill doesn’t undermine crypto’s bridge to the future

Some saw beneficial effects from the week’s legislative face-off. Still, “crypto and blockchain technology is at a significant moment.” It was a topsy turvy week — “staggering,” a crypto veteran called it. One that saw United States Senator Ted Cruz and Senator Ron Wyden collaborate on behalf of the cryptocurrency and blockchain industry — albeit, in a lost cause. These events could eventually pave the way for future regulatory success, though it may not seem that way now. To recap: The Biden Administration’s $1.2 trillion infrastructure bill […]

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OpenSea trading volume explodes 76,240% YTD amid NFT boom

The nonfungible token marketplace processed 1.18 million transactions worth $1.06 billion in the last 30 days alone. Trading volumes on peer-to-peer nonfungible token (NFT) marketplace OpenSea have surged by over 12,000% in 2021. DappRadar data shows that the total incoming value to OpenSea’s smart contracts increased to $56.07 million on Wednesday compared to $73,556 on Jan. 1. Meanwhile, the marketplace’s user count increased from 315 to 14,520 in the same period — a 4,423% increase. OpenSea historical activity. Source: DappRadar A major portion of OpenSea’s trading volume […]

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Binance Discontinues Crypto Products and Services in South Korea

On August 13, the cryptocurrency exchange Binance revealed it is ending a great number of services in South Korea. The company noted in the announcement that it evaluated local regulations and “will discontinue the following offerings in Korea, effective immediately.” Binance Ends Korean Crypto Services Last week, former CEO of Binance US and former acting Comptroller of the Currency, Brian Brooks, announced that he was leaving his position at the exchange. Prior to that HSBC suspended payments tied to Binance and the company also discontinued derivatives products […]

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Decentralized Exchange Soldex AI Will Empower Crypto Users to Create Unique Trading Algorithms

Have you ever wanted to harness the capabilities of artificial intelligence and machine learning to trade in the cryptocurrency markets? Soldex will not only offer you a way to do this easily, it will also allow you to share the trading algorithms you developed with the community and be rewarded for it. Create Your Own AI-Powered Trading Bots With Soldex Soldex is an upcoming third-generation cryptocurrency exchange built on the Solana blockchain. It’s designed to resolve common issues experienced on typical decentralized exchanges. The major advantage over […]

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Fed Pullbacks = Bull Market Concerns? | Hacker Returns Funds | “Jack (Twitter CEO) Hates Ethereum”

PROTIP: The Fed can’t significantly pull back market support without crashing everything… and they will do everything to avoid this. Fed supporting markets by printing money = Bitcoin to ♾ 😀 𝙏𝙝𝙖𝙣𝙠 𝙔𝙤𝙪 𝙁𝙤𝙧 𝙒𝙖𝙩𝙘𝙝𝙞𝙣𝙜! Support The Show: Become A Patron! ⭐ Patreon – https://goo.gl/vpX5sW ⭐ YouTube – https://bit.ly/2I4omX2 ► Rock Out With This Sexy New Crypto Merch – https://hodlroriginal.com/?afmc=Crypt0f1 Sign up now for Celsius Network using my referral code 118822af6a, and promo code "BTC40", to get $40 in BTC after transferring $400 or more in crypto […]

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HIVE Blockchain Orders 1,800 More Bitcoin Miners

HIVE Blockchain Ordered 1,800 New Bitcoin Miners From Bitmain Technologies. Today publicly traded HIVE Blockchain announced that it has ordered 1,800 new bitcoin miners from Bitmain Technologies. The deal is the first to emerge from HIVE’s new partnership with Bitmain. The machines will be delivered in 2022 in 6 tranches of 300 miners each. The new S19j Pro miners have an aggregate hash power of 180 petahash per second. HIVE also announced its goal of reaching 1 exahash of Bitcoin mining power by the end of August. […]

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Ethereum alone not enough to disrupt Big Tech: Jack Dorsey

Twitter CEO Jack Dorsey is doubling down on his Ether-skepticism by downplaying the network’s potential to shake up the world of the social media giants. Self-professed Bitcoin (BTC) maximalist Jack Dorsey, CEO of Twitter, is not giving Ethereum (ETH) fans an inch. In his latest offhand remark about the market’s second-largest cryptocurrency, Dorsey downplayed the platform’s potential to shake up the status quo in Big Tech single-handedly: Disrupting “Big Tech” is exactly what’s needed and what I want. No one technology alone will do that though. — […]

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Wyoming’s crypto-friendly bill could be a sandbox in action, Sen. Lummis says

The new bill would allow crypto banks to get faster approvals for conducting business in Wyoming. As the United States continues to weigh out the best ways to include crypto businesses through an infrastructure bill, the state of Wyoming has taken proactive measures to attract Bitcoin (BTC) miners and other crypto businesses to its local jurisdiction.  Wyoming’s crypto-friendly notion comes into light as the state has passed more than 24 bills related to blockchain technology. A recent CNBC report shows that the state has now approved a […]

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Cointelegraph Consulting: Measuring the effects of the London hard fork

The London hard fork comes with five EIPs. Most importantly, EIP-1559 impacts transaction fees and miner revenue, but how significant is it? The much-talked-about Ethereum hard fork finally went live on Aug. 5 after block 12,965,000 was mined. Dubbed “London,” the software upgrade will bring together significant alterations in Ethereum’s code. Overall, the code changes target improvements to the network’s transaction fee market, user experience and much more. London comes with five Ethereum Improvement Protocols (EIP), with EIP-1559 garnering the most attention due to the impact on […]

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