Layoffs Spread Across the Blockchain Industry as Bear Market Cycle Impacts Crypto Firms

As digital currency prices have slid significantly in value during the past few months, the bear market cycle is starting to take its toll on the crypto industry’s workforce. On June 2, Gemini’s co-founders the Winklevoss brothers revealed the company would lay off 10% of its employees. The same day, one of the Middle East’s […]

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Czech Central Bank Plans Tenfold Increase in Gold Holdings, New Governor Says Precious Metal ‘Good for Diversification’

The incoming governor of the Czech National Bank (CNB), Aleš Michl, has said he plans to increase the institution’s gold holdings almost tenfold from the current 11 tonnes to 100 tonnes. Michl also said he will ask the bank’s foreign exchange reserves management team to invest in stocks. Growing the CNB’s Shareholding The incoming governor […]

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Top 3 Solana-Based NFT Projects to Watch in June 2022

Given how dull the broader cryptocurrency market has been, it appears like everyone is coming to grips that we are indeed entering the crypto winter. The king Cryptocurrency has been stuck between the $28k to $32k range for a while now, with no additional change. As a result, the entire Crypto market remains speculative and unclear. We want to take this opportunity to introduce you to our pick of the Top 3 Solana-based NFT Projects that you should check out. Why Are Solana-Based NFTs So Popular? With thousands of projects spanning DeFi, NFTs, Web3, and more, Solana is now the

The post Top 3 Solana-Based NFT Projects to Watch in June 2022 appeared first on The Merkle News.

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Ethereum’s Hashrate Surpasses Lifetime High as The Merge Gets Closer

Following the all-time high (ATH) recorded in May, Ethereum’s hashrate has been breaking records again, as it reached 132 petahash per second (PH/s) on Saturday, June 4. Presently, Ethereum’s hashrate is coasting along at 129 PH/s and the network’s top mining pool Ethermine commands 0.24% of the network’s hashrate. Ethereum’s Hashrate Captures Another Record High […]

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MiningNetwork Review – Most Popular Play-to-Earn NFT Game on WAX

A recently released game called MiningNetwork has been topping the charts, becoming one of the most popular Metaverse NFT games in cryptocurrency. According to data from DappRadar, MiningNetwork reached over 437k users in the past week, surpassing games like Alien Worlds and Farmers World. Let’s look at MiningNetwork in more detail and see why so many users are deciding to play the game. What Is MiningNetwork? Launched in March 2022, MiningNetwork is an NFT-based mining game built on the WAX blockchain. MiningNetwork combines the free-to-play and play-to-earn models into its ecosystem, enabling users to earn rewards from the platform. Each

The post MiningNetwork Review – Most Popular Play-to-Earn NFT Game on WAX appeared first on The Merkle News.

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Russia’s Industrial Giant Rostec Announces Blockchain-Based Alternative to SWIFT

Russia’s Industrial Giant Rostec Announces Blockchain-Based Alternative to SWIFTRostec, the Russian manufacturing and technology conglomerate, has developed a system allowing the processing of international settlements and storage of digital currency. The blockchain-based platform has been announced as an alternative to SWIFT, which is unavailable for some Russian banks. Rostec Employs Distributed Ledger Technology to Substitute SWIFT Russian state-owned corporation Rostec has built a […]

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