Crypto news

DeFi Land, a multi-chain agriculture simulation web game created to gamify decentralized finance, has just completed its Series A funding round, acquiring about $4.1 million from industry investors. The project said in an official press release seen by CryptoPotato that it intends to use the fresh capital to scale its platform and services on the Solana blockchain. The team is working towards bringing DeFi to a mainstream audience by building a solution that aggregates across...

Bitcoin is officially legal tender in El Salvador. The Central American country has been claiming for some time that it was going to declare the world’s number one digital currency by market cap the equivalent of the U.S. dollar and now that step has been taken, but unfortunately, the transition is proving to be somewhat turbulent as the nation’s regulators didn’t foresee all that could occur ahead of time. El Salvador Is Having a Rough Transition Let’s start with the...

After the nearly 20% plunge in BTC price, the cryptocurrency spent the next day consolidating and retesting the critical 200-day moving average at $46k. BTC managed to hold the level for the daily close, a positive signal. Near term, it is important to continue holding $46k, complete long liquidations, and start a recovery to reclaim $47.2, the bottom of the green zone. Strong Hands Holding Older Coins Did Not Sell Although BTC fell slightly the day after the major drop,...

With just a few days left until the long-anticipated Cardano network upgrade and hard fork, Binance indicated that it will support the event. This comes as more than 80% of the Cardano pools have successfully upgraded to Alonzo 1.29.0. In a statement from September 9th, the leading digital asset exchange announced its intentions to support the upcoming Cardano network upgrade. The event is expected to take place on September 12th at around 21:45 (UTC) – during epoch 290....

Moonbeam – a Polkadot parachain smart contract platform with Ethereum compatibility, has partnered with Lido, a liquid staking derivatives protocol currently live on the Ethereum and Terra blockchains, to bring liquid staking to the Polkadot DeFi ecosystem. The press release shared with CryptoPotato informed that the integration would enable Lido to provide liquid staking to Moonbeam and its Kusama-powered sister network, Moonriver. It will also allow Polkadot (DOT) users to...

[PRESS RELEASE – London, United Kingdom, 9th September 2021] Verasity, a leading company in blockchain-powered ad-tech, received a notice of allowance for the second patent of its blockchain Proof of View (PoV) system and method from the United States Patent and Trademark Office. Once the protocol and product layer platform for esports and video entertainment pays the issuing fee, the patent will automatically be granted to the company within a few weeks. The patent can be...

El Salvador made history earlier this week when it became the first country to officially accept Bitcoin as a legal tender. While the community rejoiced about the significance of the news, Fidelity’s Director of Global Macro – Jurrien Timmer – said the move had been overplayed. BTC Adoption in El Salvador is Overplayed Three months after the surprising announcement that the country will adopt Bitcoin, El Salvador officially went into the history books on September 7th as it...

zkTube Labs (or “zkTube”) has a Layer 2 protocol that has adopted ZK-Rollups to potentially solve major Ethereum blockchain scaling solutions. It was launched in 2020 and has made rapid progress by achieving several key milestones. Low gas price, high transaction throughput, secure and swift cross-border payments through its PayTube wallet, eco-friendly mining, support for NFTs and GameFi industries, robust community and more, are some of the significant achievements of...

TNC Group, known for their crypto M&A initiatives, and its subsidiary TNC Coin recently announced that the team will burn 80 percent of the coin’s total supply. This means that 800 billion TNC Coins will permanently be removed from the market. The team urged people to stay tuned as they will announce the details such as the burn date very soon. In an official announcement, TNC Coin CEO Jason Jang noted challenges that the team faced amid the pandemic. These include...

Blockstream, the blockchain-focused company spearheaded by Adam Back, will develop and manage zero-emission Bitcoin mining facilities with the first to be built in North America. The firm’s initiative will come to life through a partnership with an Australian multinational independent investment bank – Macquarie Group. The Canada-based blockchain company continues with its effort to minimize the environmental damage caused by Bitcoin mining. The latest initiative comes...