Blockchain

Despite the sudden price correction, bitcoin’s fundamentals continue to reach new highs. The asset’s hash rate has recovered its recent declines and marked a new ATH. Accordingly, the network’s mining difficulty saw its most significant increase in nearly seven years to a new record level as well. Hash Rate and Mining Difficulty to New Records Bitcoin’s hash rate is the measuring unit of the processing power on the asset’s blockchain. The general rule of thumb suggests that...

Aurora aims at providing a seamless experience for developers and users by offering solutions to the transaction fee issues on Ethereum.On Wednesday, May 12, Aurora, the Ethereum Layer-2 protocol was launched on the scalable blockchain developers platform NEAR protocol. Aurora aims at offering developers and users an Ethereum-like experience.It does this by combining two technological prices while offering a seamless user experience. Aurora combines a full-featured Ethereum Virtual Machine...

The gambling industry uses numerous payment methods to ensure players’ convenience. Here’s how cryptocurrencies play into online gambling. Gambling Industry Meets Cryptocurrencies: A Match Made In Heaven? The gambling industry is one of the most resilient sectors today, with global popularity and ample flexibility. Cryptocurrency casinos are among the more recent novelties to grace online gambling, to the great satisfaction of countless forward-thinking punters...

As of the press moment, Uniswap has generated $7.1 million in fees over the past 24 hours. Meanwhile, Bitcoin’s 1-day fees reached $4.6 million. Both Uniswap and Bitcoin are remaining behind Ethereum the daily fees’ revenue of which has reached $117.2 million.For two days in a row, Bitcoin (BTC) has been superseded by Uniswap (UNI), the leading decentralized crypto exchange built on the Ethereum (ETH) blockchain. Uniswap beat Bitcoin in terms of the daily revenue that comes from fees.Hayden...

Jordan Sweetnam, Senior vice VP and General Manager for eBay’s North America Market, revealed that eBay will also add new capabilities that bring blockchain-driven collectables to the platform. E-commerce platform eBay on Tuesday allowed the sale of non-fungible tokens (NFTs). This comes after eBay CEO Jamie Iannone’s May 3 interview with CNBC revealing that the platform was considering adding crypto as a mode of payment. The move makes eBay the first e-commerce firm to delve into the...

Apparently Bitcoin whales are not as loyal to their tokens as they are to the dollar value they represent. As time goes on and BTC fails to resume its bull run, there are fewer and fewer people with large amounts of Bitcoin in their wallets. According to data from blockchain analytics firm Glassnode, the number of Bitcoin whales has been in steep decline since the beginning of 2021, going from 2,237 on February 7 to 1,943 earlier this week. Bitcoin whales over time. Image:...

Software & analytics company Palantir has announced that they will be accepting Bitcoin as a payment method. Palantir will also consider purchasing Bitcoin or other cryptocurrencies to store on their balance sheet. Thiel Bets Big on Bitcoin Peter Thiel, the co-founder of Palantir (and, notably, PayPal), has been a long-standing cryptocurrency advocate. The company announced that it now accepts BTC for payments and even considers adding it to its balance sheet. As early as...

QANPlatform – a project that is on a mission of building a quantum-resistant hybrid blockchain protocol, secured investment from various venture capital funds to build a DeFi ecosystem. QAN Successfully Closes a Funding Round of $2.1 Million The question of whether or not existing blockchain-based PoW networks would stand the test of a quantum computer is one that’s been discussed for quite some time. To this date, many believe that a quantum computer is the most serious...

[PRESS RELEASE – Chiang Mai, Thailand, 11th May 2021] Shield Finance, a multi-chain DeFi insurance aggregator that will deploy across the Polkadot, Ethereum, Binance Smart Chain, and Solana blockchains announced today the completion of their private fundraising rounds, having successfully reached the hard cap amount of $780 000. Private Investors. Shield Finance’s potential combined with its seasoned team attracted immense support from industry innovators including Master...

The data-agnostic oracle network supporting multiple blockchains, ORAO, will launch its general data product on top of TRON. The two parties announced a partnership earlier, with ORAO claiming it chose TRON due to the significantly lower transaction costs compared to other networks. ORAO to Launch Products on TRON Described as a “blockchain agnostic oracle platform built to support any number of chains,” ORAO operates with protocols working on top of Polkadot, Ethereum,...