Tag Archives: social

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...

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...

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...

In a recent report published by English bank Standard Chartered, analysts structurally value Ethereum at “USD 26,000- 35,000” while also predicting that Bitcoin will reach 170k. Standard Chartered: Why ETH beats Bitcoin for Investment The financial service giant’s report, titled “Ethereum Investor Guide,” explains the network’s value proposition while comparing and contrasting it with the Bitcoin network. Based on their research, analysts Geoff Kendrick, Christopher Graham,...

In a completely unexpected turn of events, Bitcoin’s price crashed to below $43,000 in a matter of minutes. This happens on the day El Salvador officially recognizes it as legal tender in what many called the “Bitcoin Day.” In a matter of hours, Bitcoin’s price crashed from above $52,000 to below $43,000 in a violent red candle and a massive sell-off. Chart by TradingViewIn two consecutive candles, bitcoin’s price lost about $7,000 of its value. Since then, it has somewhat...

As of today, Bitcoin acceptance becomes a legal business requirement in El Salvador. In response, the country’s largest newspaper has included a Bitcoin price tracker on its homepage. The Price Tracker In full display on the newspaper’s homepage, a live Bitcoin price tracker is visible on the upper right-hand side of the screen. It measures Bitcoin’s worth in USDT (Tether), a stable coin pegged to the US dollar. This price tracker will be a convenient tool for citizens now...

The NFT season continues to boom, and it shows little signs of slowing down, despite the talks of an NFT bubble. The most recent example of it is the ‘TEST’ NFT created by the CEO of FTX – Sam Bankman-Fried. ‘TEST’ NFT Sells for a Whopping $270K As CryptoPotato reported yesterday, FTX allowed users to mint custom non-fungible tokens (NFTs) on their exchange. Fun fact: once they did so, users flooded the platform with drawings of fish. In fact, the images were so many that SBF...

President Nayib Bukele announced the milestone on Twitter, telling followers his country “just bought its first 200 coins.” Bukele noted the Central American nation will be buying more bitcoin as the deadline approaches to make El Salvador the first nation to officially recognize a cryptocurrency as legal tender. The president tweeted early Monday afternoon: El Salvador has just bought it’s first 200 coins. Our brokers will be buying a lot more as the deadline...

Opening up to the growing artistic marketplace, FTX recently announced the ability to mint custom NFTs directly on their exchange. However, they were quickly forced to place a pricey paywall behind the feature in response to a wave of spam images. NFTs on FTX Exchange The new feature was announced by FTX CEO Sam Bankman Fried (aka SBF) on Twitter earlier today. His tweet linked to a simple test NFT that he posted on the exchange as a sample. The image– merely a white...

Data reveals that 64% of the pools of Cardano are already prepared for the upcoming fork that’s scheduled to take place on September 12th and would potentially introduce smart contracts to the network’s mainnet. Majority of Pools Alonzo-Ready As CryptoPotato reported earlier this month, the team behind Cardano managed to successfully implement a smart contracts capability on the Alonzo testnet. This allowed developers time to test out the protocol ahead of its mainnet...