Crypto Biz: Massive inflows to exchanges amid market turbulence

Ethereum miners continue to enjoy lucrative payouts for their efforts in 2021, while the smart contract blockchain platform edges closer to a move away from its proof-of-work consensus. The past few months have been phenomenal for much of the cryptocurrency space, as the likes of Bitcoin (BTC), Ether (ETH) and various other coins have seen…

DeFi’s surging popularity has seen the sector grow to comprise 240,000 users and more than $2 billion in value. 1958 Total views 22 Total shares The total number of users engaged with decentralized finance (DeFi) protocols has increased by more than 140%, since exceeding six-figures for the first time in January.According to data published by…

The research arm of cryptocurrency exchange, BitMEX, shed some light on who is funding the development of the open source software behind Bitcoin (BTC).According to a BitMEX Research report published on March 28, blockchain firms Blockstream and Lightning Labs are the largest contributors to Bitcoin development. On the other hand, Bitcoin research firm, Chaincode Labs,…

Agriota E-Marketplace may give farmers in India more access to the UAE’s multi-billion dollar food industry. Food industry officials in the United Arab Emirates may soon have a blockchain-based supply chain to obtain agricultural products directly from India.According to an Aug. 31 report, officials in the United Arab Emirates (UAE) will be using Agriota E-Marketplace,…

Bad things may happen to you in Russia if you support Bitcoin and don't like Putin. It has been a bad couple of weeks for pro-Bitcoin / anti-Putin activists in Russia. First, on August 20, opposition leader Alexei Navalny was poisoned, and then on August 31, a prominent blogger Yegor Zhukov was beaten near his…

The company projects it can mine up to 25,000 BTC per year by 2024. In a filing with the United States Securities and Exchange Commission on Tuesday, special purpose acquisition company, or SPAC, Adit EdTech Acquisition Corp, announced it would merge with Cincinnati-based Bitcoin (BTC) miner Griid at a $3.3 billion enterprise valuation. SPACs are…

A single transaction today has created more Wrapped Bitcoin on the Ethereum network, than the total amount of BTC locked in the Lightning Network. 3097 Total views 42 Total shares One thousand Wrapped Bitcoin (WBTC) were minted today on the Ethereum network (ETH) —  a single transaction that represents more U.S dollar value than the…

CoinMarketCap (CMC), a major source of data about all traded cryptocurrencies, has set the target date of Nov. 12, 2019 to announce a new liquidity ranking system. DATA MembershipCMC revealed the news during the first virtual roundtable held today, Aug. 27, of the Data Accountability & Transparency Alliance (DATA), a group of exchanges and projects in…

Data shows that institutions heavily accumulated Bitcoin in the $12,000–$15,000 range, and according to analysts at Whalemap, this is a positive trend because institutions and whales typically accumulate assets with a longer-term investment strategy in mind.The fact that larger hands are accumulating BTC instead of retail investors also explains the somewhat suppressed mainstream interest in…