Tag Archives: social

The blockchain data and intelligence provider – Glassnode – revealed that a total of 38.76 million Bitcoin addresses now have non-zero balances. This is the highest level ever recorded since the last peak of 38.7 million marked this April. Bitcoin’s Drop Is Not a Concern Despite its recent price decline, bitcoin charted new heights in another area. According to Glassnode, there are now 38.76 million BTC wallets containing some amount of the primary cryptocurrency. It took...

Binance has been experiencing problems with Dogecoin withdrawals for over ten days now. The root cause is a technical issue that resent old transactions to Binance users, besides DOGE holders being unable to withdraw the currency. CryptoPotato reported that the 1.14.5 upgrade on the Dogecoin network led to issues on the Binance exchange. Some failed (stuck) transactions were relayed successfully post the 1.14.5 update, causing DOGE holders to receive old transactions while...

El Salvador continues to create history with its bitcoin adoption, with the latest initiative being the announcement of an entire city focused on the primary cryptocurrency. The nation plans to put this plan in the works through mining-backed volcano bonds worth in total $1 billion. While this may sound groundbreaking and surprising to some, one person – Max Keiser – was actually the one to pitch the idea first months ago. El Salvador’s Bitcoin Steps It was June 2021 when the...

Brad Garlinghouse – Chief Executive Officer of Ripple – said the fintech company was making “pretty good progress” in its legal battle with the United States Securities and Exchange Commission (SEC). He expects to reach a conclusion in 2022. Ripple Takes The Upper Hand In an interview for CNBC, Brad Garlinghouse opined that the legal lawsuit versus the SEC is going in favor of Ripple. However, the case is unlikely to be solved by the end of 2021 due to its specifics:  “We’re...

Anna Paglia – a top executive at Invesco – explained that her company withdrew its Bitcoin Futures ETF application because of the SEC’s rules. Separately, Bitwise Asset Management also pulled off its filing for a futures-based ETF, citing it is not an appropriate decision for the long-term. Invesco Gave Its Explanation Invesco – an American investment firm with over $1.5 trillion in assets under management – filed with the Securities and Exchange Commission to launch two...

US President Joe Biden has officially renominated Jerome Powell as Chairman of the Federal Reserve, with competitor Dr. Lael Brainard as Vice President. That would put Powell in office for another 4 years, pending Senate confirmation, allowing his agenda for addressing inflation to be put to the test. Four More Years for Jerome Powell Biden unveiled his nominations in a white house statement earlier today. Justifying his decision, he credits the US economy’s falling...

The popular blockchain network – Elrond – has been getting a lot of traction lately, and this has propelled the price of its native EGLD token through the roof. It surged by almost 60% in three days. EGLD’s Rally Leading up to November 19th, EGLD’s price was around $300. However, last Friday, this changed drastically, and the token charted a new all-time high of around $492 today. One of the main reasons behind the price expansion might have been the $1.29 billion liquidity...

Emerald, the Ethereum Virtual Machine (EVM) compatible ParaTime developed by the privacy-focused blockchain protocol Oasis, has officially seen the light of day on Mainnet. Oasis aims to attract more projects from the DeFi, NFT, and gaming dApps industries onto its network with the move. The press release seen by CryptoPotato informed of the launch, explaining that Oasis Network wants to provide enhanced DeFi and NFT experience for its user base but only for a fraction of the...

The Australian Finance Services Minister – Jane Hume – publically backed up digital assets by saying they are not just a temporary trend. Additionally, she opined that decentralized finance (DeFi) presents “incredible opportunities” for Australia. ‘We Need to Acknowledge This Is Not a Fad’ Jane Hume – an Australian minister and senator – fired back at Tony Richards (Head of Payment at the Reserve Bank of Australia), who recently described cryptocurrencies as “faddish.” On top...

The cryptocurrency field has come a long way in the past few years. From a niche market dedicated only to coders, developers, contrarians, and cryptography aficionados, it’s now a trillion-dollar industry that’s making a statement. One of the most definitive testaments to this is the growth of cryptocurrency exchanges and their mainstream adoption. In 2018, TechCrunch reported that the highly-prized domain name “Crypto.com” was bought for $10 million, according to experts,...