Scientists claim to have developed completely decentralized stablecoins tied to electricity
Stablecoins may be used for transactions or burned for electricity for a charge which would be governed by smart contracts. Electricity transmissio n might be made almost free with the E-Stablecoin, but it would necessitate a number of scientific developments now underway. The Electricity Stablecoin (E-Stablecoin) was designed by researchers at the government-sponsored Lawrence Livermore National Laboratory in California, who used statistical mechanics and information theory […]
Institutional investors dump $101.5M worth of crypto in anticipation of hawkish monetary policy
The current state of the crypto market has sparked many questions and assumptions with CoinShares reporting that almost $100M has left US crypto funds in anticipation of hawkish monetary policy. Coinshares claims that Bitcoin has been pushed into “crypto winter” over the last six months, asserting that this is due to the US Federal Reserve’s increasingly hawkish rhetoric. Inflation rates in the United States reached 8.6% year on year at the end of May, a level not seen since 1981. As a result, the market expects the Fed to take significant action to bring inflation under control, with some traders predicting three more 0.5 percent rate hikes by October. According […]
Binance is ‘expanding hiring’ – CZ Binance
The CEO of Binance exchange has announced that the company is expanding its hiring process amidst the market downturn. According to Bloomberg News on June 13, Binance CEO Changpeng Zhao (CZ) stated that the bear market is a fantastic moment for crypto businesses to hire more workers and raise investments. He said this in Austin, […]
NFT Floor price falls due to market volatility
Following the recent crypto market volatility, aside from cryptocurrencies, popular NFTs were also affected leading to a fall in their floor prices. It appears there is no respite anywhere in the crypto realm in the face of Monday’s extraordinary market sell-off. Based on data from NFT Price Floor, the floor price for Bored Ape Yacht […]
Binance resumes Bitcoin withdrawals
Binance cryptocurrency exchange has resumed Bitcoin withdrawals after halting the service for three-hour due to the crypto market volatility. Following the restoration of activity, Binance said on its website that the exchange would be processing Bitcoin (BTC) network withdrawals within “the next few of hours.” On Monday, the company revealed that BTC withdrawals were been […]