Digital Assets – Page 40

Revolut Adds Bitcoin Cash and Litecoin Support for US Customers

Revolut Adds Bitcoin Cash and Litecoin Support for US Customers Following the launch of Revolut’s new crypto exchange in the U.S. the company has added bitcoin cash and litecoin support. Alongside bitcoin and ethereum support, the trading platform’s added coins provide Revolut users with the ability to buy, store, and sell four different digital assets. Six weeks ago, Revolut launched a new exchange in the […]

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Digital Currency Group Pledges $100 Million to Bolster Bitcoin Mining Industry

Digital Currency Group Pledges $100 Million to Bolster Bitcoin Mining Industry The firm Digital Currency Group (DCG) is entering the mining industry, as the firm has pledged $100 million into a cryptocurrency mining firm called Foundry. The mining company Foundry was noiselessly founded in 2019 and it aims to offer capital, consulting, and intelligence to digital assets miners. Bitcoin mining is becoming a massive industry and […]

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The Bitcoin Network Now Consumes 7 Nuclear Plants Worth of Power

The Bitcoin Network Now Consumes 7 Nuclear Plants Worth of Power The SHA256 hashrate that secures the Bitcoin network has grown massively during the last few years, as Bitcoin’s processing power has touched all-time highs in 2020. Moreover, the gigawatts of electrical consumption powering industrial bitcoin mining today consumes as much as seven nuclear power plants. Bitcoin mining is a process where groups of miners compete […]

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Defi Project Yam Finance Sees Over $500M Locked in 24 Hours, Devs Reveal Contract Bug

Defi Project Yam Finance Sees Over $500M Locked in 24 Hours, Devs Reveal Contract Bug A new yield farming project is all the rage this week, as the Yam Finance project saw over $460 million dollars locked into the platform in 17 hours on Tuesday. On social media and crypto-focused forums, people have been very skeptical of the Yam Finance project as the code has not been audited. On Wednesday […]

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Exploring Decentraland: A Review of the Virtual World Built on Ethereum

Exploring Decentraland: A Review of the Virtual World Built on Ethereum During the last two weeks, I’ve been roaming around the virtual world Decentraland in order to get some perspective on the platform supported by the Ethereum Blockchain. The following is a review of my experience in Decentraland and observing all that has been built since it was invoked over four years ago. Four years ago, […]

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Crypto Race Heats Up: Bitcoin’s Dominance Ratio Drops to Lowest Level in 12 Months

Crypto Race Heats Up: Bitcoin's Dominance Ratio Drops to Lowest Level in 12 Months The largest digital asset by market capitalization, bitcoin has lost a significant share of market dominance during the last few weeks. Bitcoin’s dominance ratio dropped to 61.5% on Thursday, after hovering around 66% for months on end. The last time the crypto asset’s dominance level was around the 61% range was over 12 months ago […]

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Are Digital Assets and Blockchain Technology the Best Investment You Could Make in 2020?

Blockchain is one of the most innovative technologies in modern times. This relatively new tech is already disrupting many industries, from logistics to manufacturing, finance, and more. This technology can replace old infrastructures with more cost-effective, transparent, secure, and reliable infrastructures. Through the use of Distributed Ledger Technology (DLT) companies can now record in almost real-time diverse processes, keeping data stored in an unalterable ledger that is both transparent and secure to all participants in the network. While the internet allowed for the digitization and global sharing of information which has fundamentally changed the world, Blockchains by contrast allow for

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Nonfungible Tokens and the Future of Commerce

The unlimited potential of blockchain technology is unleashed when used in conjunction with nonfungible tokens.

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Meet Mistcoin – The First Mineable SLP Token Implementation Launched on Bitcoin Cash

Bitcoin Cash proponents have been introduced to a new project built using the Simple Ledger Protocol (SLP) framework called mistcoin (MIST). The new token is essentially the first mineable implementation of colored coins on Bitcoin Cash. Mist allows participants to mine the SLP tokens “using proof-of-work to help decentralize allocation of newly minted tokens.” It […]

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Bitcoin Mining Heats Up: High Difficulty Adjustment, Pool Consolidation, Less Concentration in China

Bitcoin Mining Heats Up: High Difficulty Adjustment, Pool Consolidation, Less Concentration in China It’s been approximately 37 days since the notorious Bitcoin reward halving that took place on Monday, May 11, 2020. On June 16, the Bitcoin network saw a large upwards difficulty adjustment making it much harder to mine bitcoins and slowing down the issuance rate because block generation has slowed down. Furthermore, a recent research report […]

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