Tag Archives: AA News

BitTorrent Token (BTT) – a TRC-10 utility token – will see its main net launched on December 12th, according to recent word from the organization. Meanwhile, old BTT tokens on TRON will be redenominated into smaller units, while retaining the same market cap. Mainnet Launch + Redenomination BitTorrent announced the upcoming BitTorrent Chain (BTTC) launch through a tweet earlier today. “#BTTC Mainnet and #BTT Redenomination Plan will be launched on Dec 12, 2021!” said the...

The blockchain provider and development platform – Syscoin announced that its Layer 1 for Ethereum Virtual Machine (EVM) smart contracts has reached mainnet on block 1,317,500. With that development, it has fulfilled Phase One of the NEVM launch. Syscoin Combines Bitcoin And Ethereum According to a press release seen by CryptoPotato, this upgrade will allow users of the platform to enjoy more benefits, such as enhanced security and flexibility of smart contracts on a modular...

On December 4, bitcoin suffered its worst trading day since mid-May, as its price plunged to a two-month low of $42,000. Somewhat expectedly, this massive $16,000 crash in less than 24 hours led to a change in investors’ sentiment as the popular Bitcoin Fear & Greed Index went into “extreme fear” territory once again. Extreme Fear Shakes The Crypto Community The Bitcoin Fear & Greed Index works as an indicator of momentary investor sentiments towards the primary...

Yesterday, pseudonymous ETH whale “Gimli” bought 28 billion SHIB for $1.2 million. Gimli has a months-long history of stacking the infamous memecoin, which is now the 13th largest crypto by market cap. Stacking SHIB WhaleStats – a Twitter account analyzing the movements of the richest 1000 ETH wallets – called attention to the transaction yesterday. Apparently, Binance sent exactly 28,236,296,316 SHIB to Gimli for $1,204,823. With the latest purchase, Gimli now holds a...

Bitcoin’s slump continues after experiencing a sharp price decline over the last few hours. The dip caused over $200 million worth of long positions to get liquidated. Earlier today, Bitcoin briefly reached $57.5k at 8:44am EST, after stagnantly trading within the $56-57k range. The price suddenly fell afterward, dropping hundreds of dollars by the hour. According to BitStamp, Bitcoin fell to $51.5k. Binance Futures even saw the price drop below $51k. Since then, the price...

TeraWulf – an American bitcoin mining company – raised around $200 million in debt and equity financing from a group of individual and institutional investors. As a result, the firm expects to achieve a mining capacity of 6 exahash per second or 200 megawatts by the second part of 2022. Furthermore, TeraWulf eyes public listing on Nasdaq through a business merger with the tech company IKONICS Corporation. TeraWulf Aims High As part of the $200 million financing, TeraWulf...

Blockchain.com outlined plans to launch a marketplace exclusively focussed on NFTs to cater to the rising demand and fortunes that have attracted the attention of well-known individuals from different fields. With this move, the Luxembourg-based company is the latest one to dip its toes into the NFT market. It joins the list of crypto giants such as Binance, Coinbase, and FTX.US, which have announced the launch of new NFT-focussed wings. Blockchain.com’s NFT Marketplace is...

The popular Ethereum layer 2 solution Polygon has introduced a new javascript library to interact with its own bridge. Shortly after the announcement went live, the protocol’s native token surged by double-digits to a six-month high. Polygon’s New Javascript Library The announcement informed that the new open-source javascript library, dubbed matic.js, will provide APIs for deposits, withdrawals, and other types of transfers on the Polygon network. This is the latest version...

There have been many reports questioning if Spotify pays musicians fairly. While the popular music streaming service is yet to disclose exactly how much it pays, industry experts have suggested that its payout rate for recordings at nearly $4,000 per million streams, or less than half a cent per stream. However, NFT is here to rescue, at least, according to Saxo Bank. NFTs vs. Traditional Streaming Platforms Saxo believes that the outlook is bright for NFT technology despite...

The digital asset industry has marked an impressive year so far as many cryptocurrencies painted all-time high prices. Numerous experts and public figures showed their support, highlighting the merits of the asset class, while global institutions started diversifying their portfolios with bitcoin or some alternative coins. Yet, Charlie Munger – Warren Buffett’s right-hand man – reiterated his skepticism once again recently by indicating that the hype around them is “crazier...