Beyond Words
With Bitcoin surging, alt-coin prices are also trending up. While mining bitcoin on an individual computer is no longer viable, there are other cryptocurrencies that you can still mine at home if you’re prepared to put in the effort.
Rumors of a looming ban on cryptocurrencies continue to confuse investors in India as the recently proposed law seeks to criminalize possession, issuance, mining, trading, and transferring crypto assets. While this report fuelled a massive FUD in the Indian Crypto market, a recent statement for the nation’s finance minister seems to have given the community a ray of hope.
Signal has partnered with leading cryptocurrency donation platform The Giving Block, which makes it possible to send contributions anonymously.
Bitcoin price reached all-time high levels this Saturday ($61,683.86). As you can imagine, this has been another hectic week for the cryptospace.
Last week, the Tennessee rock band Kings of Leon announced they’d be releasing their new album, When You See Yourself, as a non-fungible token (NFT) —a digital, blockchain-based collectible. In this case, it works a little like a deluxe edition or a bundle; the NFT comes packaged with a set of MP3s and an animated version of the cover art, as well as a physical copy of the vinyl.
Cryptocurrency lending firm BlockFi has completed its series D fundraising round, bringing in $350mln that has valued the company at $3 bln.
Jamaica’s Minister of Finance Nigel Clarke has announced that the country intends to launch its central bank digital currency (CBDC) in 2022.
The Georgia House of Representatives has passed a bill that calls for state education officials to implement a study program about cryptocurrencies.
The United States Securities and Exchange Commission (SEC) has always played a major role when it comes to the cryptocurrency market in the nation. Former SEC Chairman Jay Clayton has cracked down on several fraudulent activities in this area but hasn’t made any moves that promote the growth and development of the industry. This, however, could change as the Senate Banking Committee has voted in favor of Gary Gensler, President Joe Biden’s pick to head the SEC.
The last three months have been very intense for cryptocurrencies. On February 16, bitcoin revamped its all-time high and surpassed the $50,000 level which sceptics thought unachievable. On the night of February 23, bitcoin lost almost $10,000 to its value but now it is traded at a level of around $50,000. Recently, Tesla invested in bitcoin $1.5 billion. Also, a financial giant Morgan Stanley with $150 billion in assets under management is exploring this option. Twitter CEO Jack Dorsey and rapper Jay-Z pledged $23.6 million toward a trust to fund crypto development.
Wallets play a major role in the blockchain space. You need them not only for crypto storage, but also for token transfers and swaps, as well as for interaction with decentralized applications (dApps). Similarly, to use Swop.fi, a DeFi app built on Waves, a user needs to connect their wallet using a respective button.
Representative Warren Davidson (R-Ohio) has reintroduced the Token Taxonomy Act, a bill that would make certain cryptocurrency tokens and other digital assets exempt from US securities laws.
AMD could announce its Navi-based version. The AMD Navi 12, a graphic processing unit (GPU), was first introduced exclusively for Apple Macbook Pro devices. An AMD GPU kernel driver update announcement (via Tom’s Hardware) that listed specific fixes for the Linux environment released the news. According to PC Gamer, it could be the first crypto mining-related specific processor launched by the company; the latest version of the card lacks video outputs.
Congress may soon try to clarify digital asset regulation in the U.S.
Binance P2P has added former Ripple partner MoneyGram as an option for crypto trading in Arabic countries
The Ethereum network continues to grow globally, but it appears to be more concentrated in selected regions. Data analyzed by Finbold indicates that the United States and Germany control 58.08% of all 6,806 Ethereum nodes globally as of March 9, 2021.
The world’s largest online payment processor followed through on the recent reports and confirmed that it will acquire the crypto custodian Curv.
Simplex has now added Apple Pay as a supported payment method, allowing its users to use the popular digital payment app to buy COTI more simply.
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