Chainlink (LINK) Surges 30% To Become Best Performing Cryptocurrency This Week
Chainlink (LINK) had a stellar performance this week when it soars 30% after plans for staking support and a major Avalanche integration increased demand. In the last 24 hours, LINK has risen 7.9% to $9.15, its highest level in a month. The rise in LINK began on Tuesday when the blockchain announced plans to facilitate […]
Mfers NFT Prices Plummet As Founder Retires
The prices of the prominent NFT collection Mfers took a downward turn after the founder “Sartoshi” announced their retirement and surrendered the collection to the community. The Mfers collection’s floor price has dropped by 27% to 1.8 ETH, while trade volumes have increased by 700%. In a blog post, Sartoshi announced their retirement. They also […]
Binance, TripleA partner to offer crypto payments
Binance, the world’s largest cryptocurrency exchange, announced that it has partnered with cryptocurrency payment gateway TripleA, to launch Binance Pay. On June 10, Binance announced on its website that it had chosen TripleA as a global cryptocurrency payment gateway for Binance Pay. Furthermore, collaboration is an important aspect of Binance Pay’s expansion strategy. It will […]
Bitcoin Halving: How It Works And Why It Is Important
Every time there are 210,000 blocks mined in the Bitcoin network a “Bitcoin halving” takes place (approximately four years). Bitcoin halving is when the rate at which new Bitcoins are added to the system by half. It is part of a larger plan to limit the number of Bitcoins that can be made. This is […]
Swedish Central Bank calls for Bitcoin mining ban over excess energy use
The Swedish central bank published a paper arguing that energy-intensive Bitcoin (BTC) and cryptocurrency mining should be prohibited. The Riksbank, the central bank of Sweden, is the world’s oldest central bank. The bank took a dig at PoW cryptocurrency mining in a stinging report titled “Cryptocurrencies and their Impact on Financial Stability.” PoW mining makes […]