Cryptocurrency Analysis and News Portal
The Beijing Municipal Government announced the bidding results for the city’s blockchain and computing power platform. Tencent Cloud and government-tied enterprise Beijing Microchip Sensing Technology won the bid and will be paid US$37 million to build the system. Fast facts According to the bid’s quotations, Tencent Cloud will provide the cloud service
Read More
Bitcoin has entered the week with upside price action into the mid-levels of its current levels. However, bulls face hurdles as an increase in selling pressure set back BTC’s price from $66,000 to a current price of $64,262 at the time of writing. BTC trends to the downside in the 4-hour
Read More
Subsocial Network, an open platform designed to support the creation of decentralized social networks and marketplaces, announced on November 11th that it will be participating in the upcoming Kusama parachain slot auction. As per the announcement, Subsocial will bid for one of the competitive Kusama parachain slots to scale its
Read More
BitMEX bought $100,000 worth of carbon credits, representing 7,110 metric tons of carbon dioxide emissions, enough to offset its bitcoin carbon footprint for the next year, the crypto exchange said in a blog post.The credits will match the environmental footprint from both its bitcoin transactions and the servers powering the
Read More
While the Fantom, Harmony, Avalanche and Celo blockchains have all launched nine-figure ecosystem development funds, Near may be setting a new high-water mark with the launch of a mammoth $800 million grants fund.The high-speed and self-styled “climate neutral” chain announced Monday that it has established the fund with major tranches
Read More
With the motion to dismiss all charges rejected, the case is now expected to move to trial with a 3rd November start date. Ulbricht, who has plead not guilty, faces life behind bars for charges that also include computer hacking and continued criminal enterprise, the latter of which carries a minimum sentence
Read More
Wormhole, a communication bridge between Solana and other top decentralized finance (DeFi) networks, has added user interface support for the Terra network.The move allows users to port digital assets between Terra, Solana (SOL), Ethereum (ETH), and Binance Smart Chain (BSC) via a single unified interface without the need to double
Read More
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies
Read More
There has been another twist in the ongoing battle between distributed ledger technology firm Ripple and the U.S. Securities and Exchange Commission (SEC).On Monday, Oct. 4, U.S. District Judge Analisa Torres ruled that individuals holding the company’s XRP token cannot act in Ripple’s ongoing lawsuit as defendants. The determination comes
Read More
“This is not acceptable behavior … to indiscriminately crack down on an entire industry, blow off invitations to attend a leading U.S. industry conference this year in this space and ultimately make a good-faith effort to engage and try to educate themselves on what’s actually going on,” Selkis said about
Read More