Author: Saheel Khirodkar
Saheel Khirodkar
Saheel works as a content writer for Bitnewstoday. He has always been interested in journalism and enjoys writing. Furthermore, His interest lies in cryptocurrency, and is continuously seeking for new techniques to invest. In his free time, he enjoys staying up to date on the latest industry news and spending time with his family.
Jerry Fragiskatos shared his thoughts on the current state of the crypto sector, implying that numerous crypto projects will fail. Cardano is a well-known Proof-of-Stake (PoS) crypto network that is known for its ability to process cryptocurrency transactions at low cost and high speed. This crypto project was founded by Charles Hoskinson. Input Output Hong Kong Global (IOHK) is the Cardano Blockchain developer team. Jerry Fragiskatos, IOHK’s chief commercial officer, was interviewed by crypto analyst Scott Melker at the Messari Mainnet Conference in Manhattan on December 4th. During the interview, Jerry stated that four years ago he compared the crypto…
To address the issues with the Chinese Yuan’s conventional form, the USDT issuer Tether’s partner launched the CNH stablecoin. Tether is the largest stablecoin issuer and a subsidiary of the popular cryptocurrency exchange Bitfinex. The company is ranked first in the crypto sector due to its first-mover advantage. Although the company is at the top of the stablecoin race, it has been heavily criticized for failing to provide information about the reserved funds behind USDT. Capital Union recently launched CNH stablecoin, which is fully backed by 1:1 Chinese Yuan currency. Capital Union is a boutique international financial institution based in…
Chainlink’s 7% weekly gains were erased by a price correction. LINK has continued to experience a price increase of more than 20% over the past two weeks. There are currently 20 successful integrations on Chainlink network. Within the past 30 days, LINK has already made two trips to the $5 range, trading at $5.96 on November 10 at one point and falling as low as $5.69 on November 21. Since then, the crypto asset on the Chainlink network has been able to retake the $6 and $7 regions, and it is doing a fantastic job of maintaining the latter. In…
The upcoming LGND Web3 platform will debut as a mobile application and will also be accessible on web. The LGND Web3 music platform will enable the release of NFTs by artists. A proprietary player will support NFTs built on any blockchain. Low gas prices and quicker transactions on LGND will be brought by Polygon. In order to develop LGND Music, a Web3 music platform, blockchain network developer Polygon, Warner Music Group, and e-commerce and interactive platform builder LGND have announced a multiyear partnership. The music and collectibles platform LGND Music, set to debut in January 2023, is intended to support…
ConsenSys, a developer of software for Ethereum (ETH), is addressing the debate brought on by the recent update of its terms of service. ConsenSys revised its terms of service last month to include the collection of user data like names, IP addresses, dates of birth, usernames, contact information, and gender. In response to privacy concerns raised by the update, the company later stated that users could opt not to use Infura as their default node service provider. ConsenSys claims in a recent blog post that it never sells user data and only collects it to guarantee successful transaction propagation, execution,…
Senator Elizabeth Warren’s proposal would give the SEC more authority and place new requirements on centralized crypto firms, which Jeffrey Sprecher believes would be beneficial for the industry Senator Elizabeth Warren and Intercontinental Exchange Inc. (ICE) CEO Jeffrey Sprecher both believe that the majority of cryptocurrencies will most likely be subject to securities regulation in the US. The recent collapse of FTX, which destroyed countless billions from the market, left consumer funds in limbo, and damaged cryptocurrency’s reputation among regulators and officials, has caused a renewed focus on regulating cryptocurrencies as securities. Sprecher, whose ICE runs the New York Stock…
Ape Coin The staking on ApeCoin’s network was formally launched, and it only took a few hours to reach $20 million. The NVT for APE demonstrated that circulation outpaced network value. HorizenLabs, a blockchain development company, declared that the long-awaited ApeCoin [APE] staking was now operational. The update indicated that the pre-commitment period had started. The Etherscan contract indicated that more than $20 million had been deposited and locked in less than 20 hours. This occurred despite APE’s inability to overcome its seven-day value decline of 2.93%. Source: Etherscan The APE we trust… There were interactions that suggested the development…
DAO Tokens Stablecoins supported by the DAO were taken into consideration by Ethereum for the future. Even though there was considerable sell pressure, ETH moved in the direction of strong purchasing momentum. Co-founder of Ethereum [ETH], Vitalik Buterin, wrote in a blog post on December 5 that DAO stablecoins might be crucial to the project’s future. The crypto bigwig noted that these coins are the most qualified because they permit collateralization. Additionally, Vitalik mentioned the possibility of considering governance-backed stablecoins like RAI. It was eliminated from the option, though, due to its negative interest rates and vulnerability. DeFi offers efficiency?…
South African Only-Digital bank opens crypto payment gateway Be Mobile Africa, a South African digital-only bank (sometimes referred to as a “neo bank”), is said to have created a crypto payment gateway that enables merchants to convert payments made in digital currencies to fiat money. The new gateway “is a game-changer,” according to Cédric Jeannot, CEO of the digital-only bank, and it also enables small firms to “preserve wealth amid unfavourable economic situations.” According to a report, the digital-only bank Be Mobile Africa recently developed a cryptocurrency gateway that enables South African businesses and merchants to accept payments in digital…
Goldman Sachs may invest in devalued cryptocurrency firms Details from inside show that Goldman Sachs will invest tens of millions in undervalued cryptocurrency companies. The Goldman Sachs Group, Inc. is a leading global investment banking, securities, and investment management firm. According to a Reuters report, major investment bank Goldman Sachs (NYSE:GS) intends to invest tens of millions of dollars in cryptocurrency startups whose values have plummeted since the demise of crypto exchange FTX. The head of digital assets at Goldman Sachs, Matthew McDermott, revealed that the bank was conducting due diligence on several cryptocurrency companies. The bank was also developing…