Cryptocurrency Analysis and News Portal
This week a number of contenders are set to participate in Polkadot's first parachain auctions and this process tends to place buy pressure on DOT, while also giving aspiring blockchain projects a chance to show why they offer the most competitive solutions to the different demands that exist in the
Read More
The U.S. House of Representatives voted to pass the infrastructure bill that contained a provision that shook the crypto world. Financial regulators called on Congress to regulate stablecoins. In other words, crypto had a big week in Washington, D.C.You’re reading State of Crypto, a CoinDesk newsletter looking at the intersection
Read More
The crypto asset solana has managed to capture more than 12% in gains during the last 24 hours and has recently positioned itself as the sixth-largest cryptocurrency market capitalization. The crypto asset’s overall market cap is around $62.2 billion, only 11% away from surpassing cardano’s market valuation at $69 million. Solana
Read More
The USA Pool of Foundry, a subsidiary of CryptoX parent Digital Currency Group, focuses on institutional mining businesses and integrates with cryptocurrency prime broker Genesis, another DCG-owned company, to provide treasury management services. Foundry USA is the first North American pool to offer the Full-Pay-Per-Share (FPPS) payout method without relying
Read More
Cryptocurrency derivatives exchange FX has officially moved its headquarters from Hong Kong to the Bahamas, according to a report from Bloomberg that cited an FTX spokesperson.On Monday, FTX announced that its Bahamian subsidiary, FTX Digital Markets, had been granted regulatory approval in the Bahamas as a digital assets business, and
Read More
South Korea’s Minister of Strategy and Finance, Hong Nam-Ki has vowed that the controversial crypto tax code will come into effect on January 1st, 2022 despite moves this week by the majority Democratic Party to postpone it to 2023.The tax code will levy a 20% tax on income generated by
Read More
Block data from Blockchain.com reveals that a colossal Bitcoin (BTC) transaction worth $2 billion was processed on Monday night. Despite the enormous financial value, the unknown wallet holder only paid 0.00001713 BTC fees equivalent to $0.78. Although it is unknown what the purpose of this transfer was, or indeed which individual
Read More
The very low power rates in Venezuela have created a powerful incentive to mine Bitcoin for a lucky few that have the capital (and dare) to purchase miners and infrastructure in the country. The rise of digital currencies has created a new industry that uses cheap energy and turns it
Read More
As decentralized finance (DeFi) garners more traction in the blockchain industry, more projects also get launched into the market. By the end of 2020, the DeFi market size stood at approximately $16 billion. However, within the Q3 2021, the market size has grown to an estimated $154 billion in total
Read More
Digital collectibles platform Terra Virtua has moved from the Ethereum blockchain to Polygon in an attempt to be greener.In a Monday announcement, Terra Virtua said it had switched to Polygon as part of a plan to create a more sustainable nonfungible token, or NFT, ecosystem. The platform claimed the move
Read More