Bitdeer clocks 50% gross profit jump amid Bitcoin mining ramp up

The current state of Web3 user experience is akin to driving a manual transmission car — there’s more control, but most users will find it unnecessarily clunky, according to several UX designers.Over the years, discussion around mainstream adoption of Web3 has centered around the need to improve crypto’s user experience and “ease of use.”However, in…

Andorra Telecom has entered into partnership with Spanish digital economy-focused non-profit Alastria to integrate blockchain technology into its internal processes, Spanish-language news outlet Diari d’Andorra reported on Aug. 1.Alastria is a consortium of over 800 non-profit organizations that launched Spain’s first national multi-sector blockchain network in a bid to facilitate the development of digital economy…

Bitcoin would serve as a hedge against fluctuations in traditional assets. 2589 Total views 21 Total shares Strategists at Wall Street banking giant JPMorgan have suggested that a one percent portfolio allocation to Bitcoin would serve as a hedge against fluctuations in traditional asset classes such as stocks, bonds, and commodities.A small percentage allocation was…

According to the MAS managing director, TerraForm Labs, Luna Foundation Guard and Vauld were “not licensed or regulated" by Singapore's financial watchdog. Ravi Menon, the managing director of the Monetary Authority of Singapore, or MAS, said companies often labeled by the media in connection to the recent market volatility as “Singapore-based” were not representative of…

Bitcoin reserves on cryptocurrency exchanges sank to a 12-month low, indicating investors are accumulating BTC. 1579 Total views 49 Total shares According to data from glassnode, Bitcoin reserves on cryptocurrency exchanges fell to a 12-month low. This coincides with a reported mass outflow of BTC from Coinbase.On June 6, various media outlets reported that Coinbase…

None of the 21 founding members of the Libra Association, except Facebook, have yet committed any money to support Libra, according to the BBC.$10 million investment initially requiredSince the announcement of the Libra Association Council in June 2019, no financial agreement for the founding partners has been made to date, BBC reports Oct. 23, citing…

Two executives at blockchain consortium R3 are reportedly planning to depart from the company amid a larger internal reorganization, sources familiar with the situation reported on Jan. 26.R3 is an enterprise software firm that focuses on distributed database technology. It leads a consortium of over 200 members, such as financial institutions, banks, trade associations and…

"NFTs represent the future of content on blockchains," said Roll co-founder and CEO Bradley Miles. 305 Total views 77 Total shares Social token infrastructure provider Roll raised $10 million in Series A funding, bringing the company’s total funds raised to $12.7 million to help creators tokenize their interactions with communities. Led by IOSG Ventures, the funding…