Monthly Archives: January 2022

MXC’s 200% gain hints that LoRaWAN IOT mining projects could rally in 2022

A growing partnership network, the ability to mine multiple cryptocurrencies simultaneously and renewed interest in blockchain-focused IOT technology back MXC’s 200% rally. Cryptocurrency mining has become a hot topic of conversation over the past couple of years due to its lucrative nature and the impact the industry has on the environment.  The emergence of Web3 and the increased presence of Internet of Things (IoT) devices has led to a new class of low-cost mining protocols with low-power network technology. These include LPWAN or LoRaWAN which are designed […]

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Canadian restaurant chain reports earning 300% gains on BTC investment to weather pandemic

“We keep a working capital for about three to six months in cash, and then the rest all goes into Bitcoin,” said co-owner Aly Hamam. More than a year after a Canada-based Middle Eastern restaurant chain converted its fiat cash reserves into Bitcoin, the owner reported the move helped save the business during the pandemic. According to a Tuesday report from Canadian news outlet Toronto Star, when Tahini’s restaurant owners Aly and Omar Hamam and their cousin Ahmed decided to convert the company’s savings into Bitcoin (BTC) […]

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SCRT Labs Launches $400 Million Fund to Bolster Privacy Network’s Ecosystem and Application Layer

On Wednesday, the Secret Network announced the launch of a $400 million fund in order to expand the application layer and provide grants to ecosystem participants that accelerate user adoption. The market capitalization for the network’s native token SCRT is the third-largest privacy-centric crypto asset market today with a $1.4 billion market cap. SCRT Labs Launches $400 Million Fund, SCRT Jumps Over 47% During the Last Week At the time of writing, there is over $11 billion worth of privacy-centric crypto assets today, according to coingecko.com’s “top […]

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Dvision Network Deploys on Polygon Mainnet as Widespread Interest in Metaverse Continues

PRESS RELEASE. Dvision Network is currently live on Polygon Mainnet, further solidifying their position as the definitive multichain metaverse protocol. It must be noted that Dvision Network recently had their first primary and de facto biggest LAND Sale on BSC (Binance Smart Chain), selling out in a matter of minutes across three platforms which included Binance NFT and NFTb. The addition of Polygon Network support foreshadows the imminent second round of the LAND NFT Sale for the Dvision Metaverse, which will reportedly take place in the first […]

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How Jack Dorsey’s Block Is Paving The Way For Bitcoin

Jack Dorsey made headlines by leaving Twitter to focus full-time on Square (now Block) and Bitcoin. But how will the company advance the protocol? Twitter founder Jack Dorsey’s new company, Block, is leading the charge to establish technology for the Bitcoin network that builds on both the company’s mission statement and Bitcoin’s founding principles. Genesis Block “If I were not at Square or Twitter I’d be working on bitcoin.” Those are Jack Dorsey’s words from Bitcoin 2021 in Miami. In less than a year since this statement, […]

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Tom Brady’s NFT platform Autograph raises $170M to scale operations

The company said it planned to use the funds to scale its NFT technology and hinted at a series of partnerships aimed at expanding its user base. The nonfungible token marketplace Autograph co-founded by Super Bowl champion Tom Brady has announced it closed on a $170 million funding round. In a Wednesday announcement, Autograph said Andreessen Horowitz, or a16z, and VC firm Kleiner Perkin co-led the $170-million Series B round with contributions from crypto investor Katie Haun’s firm, Nicole Quinn of Lightspeed Venture Partners, and San Francisco-based […]

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2 key Bitcoin trading indicators suggest BTC is ready for a 62% upside move

BTC derivatives metrics currently mirror late-September readings which preceded a strong 62% move in Bitcoin price. Bitcoin (BTC) has been below $45,000 for 14 days and is currently 40% below the $69,000 all-time high. This movement holds similarities to late-September 2021, when Bitcoin price flat-lined for 11 days and was 36% below the previous $64,900 all-time high on April 14. Bitcoin price at Coinbase, USD. Source: TradingView To understand whether the current price momentum mimics late September, traders should start by analyzing the Bitcoin futures contracts premium, […]

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Bitcoin Dominance Increases, ETH’s Market Share Slides, Stablecoin and Smart Contract Coins Rise

On Wednesday, the crypto economy of 12,620 coins across 543 exchanges is hovering just above the $2 trillion mark. Ever since the crypto economy’s market slump, bitcoin’s market dominance among all the coins in existence has slowly risen from 37% zone back over the 38% range. Meanwhile, Ethereum’s market dominance has diminished as it has slid from 18.6% to 17.7% since January 6. Bitcoin and Ethereum Dominance Shifts, Top Stablecoin and Smart Contract Tokens Command More Than 44% of the $2 Trillion Crypto Economy Bitcoin’s (BTC) market […]

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Intel Closes Sale For Its Upcoming Bitcoin Mining Chip

Bitcoin miner GRIID has already signed a purchase agreement with the chipmaker. Market leader in computer chip manufacturing Intel has already secured at least one buyer for its upcoming bitcoin mining chips, according to a registration statement filed last month with the U.S. Securities and Exchange Commission (SEC). The deal was first reported by Fox Business and provides bitcoin miner GRIID with fixed-price bitcoin mining ASIC hardware by Intel for orders placed before May 2023 as the world’s biggest chipmaker tiptoes into the industry. Intel and GRIID […]

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BIS general manager: Central banks generate trust, not big techs or “anonymous ledgers”

According to the boss of the international institution owned by central banks, it is central banks that are best positioned to shape the future of money. In a speech entitled “Digital currencies and the soul of money,” Agustín Carstens, the general manager of the Bank of International Settlements, criticized private stablecoins and decentralized finance (DeFi), touting central bank-led financial innovation as the best possible path to the future of money. Carstens, who served as governor of the Bank of Mexico between 2010 and 2017, delivered his remarks […]

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