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Tag Archives: social

Crypto Lender Nexo Announces $100M Buyback Program for NEXO Tokens

The popular cryptocurrency lender – Nexo – has announced a buyback program for its native token worth $100 million. The company estimates that the entire process will be completed within the next six months. Nexo’s $100M Buyback Program The press release shared with CryptoPotato informed that the company’s Board of Directors had approved the program, authorizing it to “discretionally repurchase” the native token Nexo in the open market periodically. The procedure has already...

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StarLink (STARL) Surges Over 100% Amid SpaceX Rocket Launch: The Elon Musk Effect

Ridiculous and bizarre trends in the crypto industry aren’t surprising. Little-known StarLink (STARL) is the latest to see a wild swing that has some connection with Elon Musk, but it’s not what you think. Coincidentally, StarLink happens to share the same name as that of the Elon Musk-backed satellite internet constellation Starlink. Amidst a busy week, SpaceX launched its second rocket that included a stack of 53 Starlink satellites into orbit on November 11th. This was...

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Marathon Digital Plans to Buy Bitcoin and Mining Machines, Raises $500M in Debt

One of the largest Bitcoin mining companies in the States – Marathon Digital – plans to raise $500 million through the issuance of senior convertible notes. The firm wants to use the proceeds to buy bitcoin and BTC mining machines. Founded over a decade ago, Marathon Digital Holdings is among the largest publicly-traded BTC mining companies. The firm’s announcement from earlier on November 15th outlined its plans to “offer, subject to market and other conditions, $500,000,000...

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Bitcoin May Be The Best Inflation Hedge Around, Cites 99.99% Deflation: Bloomberg

Bloomberg recently found that investors are protecting themselves from fears of rising inflation by using Bitcoin. In a tweet, the company even called it “the best inflation hedge around” depending on how one looks at it. Bitcoin Beats Inflation After crunching the numbers, Bloomberg Opinion’s John Authers found that Bitcoin has achieved 99.996% deflation over the past 10 years. What cost one Bitcoin in 2011 now costs just 0.004% of a Bitcoin today. Meanwhile, the CPI has...

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Half of Millennials and Generation Z Prefer to Get Parts of Their Salaries in Bitcoin: Survey

The results of a global poll carried out by the international financial consultancy firm – deVere Group – revealed that 36% of millennials and 51% of Generation Z would be happy to get half of their paychecks in digital assets instead of fiat. Crypto Is The Future of Money for The Youngsters Seen by many as a financial revolution and a global technological development, the cryptocurrency industry is prevalent among people younger than 40-years-old. With that said, it is no...

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Bitcoin’s Taproot Upgrade is Finally Here: Went Live Successfully

The Bitcoin network made history today as its most ambitious upgrade, Taproot, went live at block 709,632, 5:15 UTC on Sunday – November 14, 2021. Taproot Upgrade is Live The implementation is a milestone for Bitcoin, considering that Taproot is the first significant upgrade in the network since August 2017 after the Lightning Network and Segregated Witness (SegWit) upgrades. While SegWit and the Lightning Network focus on making transactions faster and cheaper, Taproot...

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Bitcoin Consolidation Continues, Avalanche Touched $100, Breaking New ATH (Market Watch)

Following the past few days of enhanced volatility, bitcoin has calmed around $64,000. Most alternative coins have also remained untypically stagnant on a 24-hour scale, with the apparent exception of Avalanche, which went on a roll and registered a new ATH. Bitcoin’s Consolidation Rolls On Last week was going quite well for the primary cryptocurrency as it had recovered from its dip to $60,000 and went on to chart new records. It broke the October peak of $67,000 on Tuesday...

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60% of Video Game Developers Are Already Using Blockchain: Research

A survey conducted by the software firm – Stratis – revealed that 58% of American and British video game developers had incorporated blockchain technology into their endeavors. 47% have integrated non-fungible tokens in their games. Blockchain Is The Future for Video Games The poll surveyed 197 video game developers in the USA and the UK. Apart from those who already use blockchain and NFT technologies, the rest of the participants are also optimistic since 72% said they...

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Moonriver Surpasses 8 Million Transactions as Polkadot Parachain Auction Progresses

Moonriver, a canary-test network for the Moonbeam protocol, reached a milestone this week by hitting eight million transactions on its network, becoming the leading parachain in Kusama. The platform announced on Twitter that it had reached the multi-million transaction count on Nov. 10, making it the largest adopted parachain on the Kusama Network. Moonriver is one of the many successful parachains on Kusama, and it has secured a parachain slot for 2022 with over 60+ live...

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Chainalysis: DEXs Have Grown 550% in 2021 as Competition Among CEXs Heats

The DeFi sector has seen a massive amount of money flowing onto its ecosystem this 2021 alone. So much that trading activity on large decentralized exchanges (DEXs) has increased by over 500% – outpacing trading volumes on popular centralized crypto exchanges (CEXs), according to a new report from analytics firm Chaynalysis. 2021 Is The Year Of Decentralized Finance The report highlighted the fierce competition amongst centralized exchanges this year, with traders seeking the...

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