Crypto Data Site CoinMarketCap Launches ‘More Robust’ API
CoinMarketCap, one of the most popular crypto data tracking websites, announced a new update to its API on Wednesday.
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‘Up to 100 Million’ Paxos Stablecoins to Be Issued on Ontology Blockchain
news Ontology is to launch the Paxos Standard (PAX) stablecoin, a cryptocurrency backed 1:1 with U.S. dollars, on its blockchain. The launch will make it easier for individuals and businesses using Ontology’s ONT token to transact in fiat-pegged tokens, Ontology announced Friday. The firm told CoinDesk that it plans to add up to 100 million PAX…
What Does Hashrate Mean?
“Hashrate” refers to the total combined computational power that is being used to mine and process transactions on a Proof-of-Work blockchain, such as Bitcoin and Ethereum (prior to the 2.0 upgrade). A “hash” is a fixed-length alphanumeric code that is used to represent words, messages and data of any length. Crypto projects use a variety…
Australian Man Who Spent $6.7M Erroneous Crypto.com Refund Faces Theft Charges, Guardian Reports
Lucky or unlucky? A man in Australia who mistakenly received nearly 10.5 million Australian dollars (AUSD) from Crypto.com will appear in court next month on theft charges, the Guardian reported.Jatinder Singh will attend a plea hearing on Oct. 23 at the County Court of Victoria in Australia for failing to report that he received AUSD
Four Agricultural Giants Eye Blockchain in Push to Digitize Global Trade
The four biggest agricultural corporations plan to utilize tech such as blockchain and AI to bring the global grain trade into the digital age. Archer Daniels Midland Company, Bunge, Cargill, and Louis Dreyfus announced in a joint press release Thursday that they are looking at ways to standardize and digitize international agricultural shipping transactions "for…
Ether Slides 20% as Trading Firm Moves $46M in ETH
ETH's price drops to lowest since January. A wallet supposedly associated with Jump Trading moved 17,576 ETH to centralized exchanges, according to Spot On Chain. Ether's (ETH) price cratered as a prominent crypto trading firm moved large amounts of ETH to centralized exchanges in preparation for potential liquidation. Ethereum's native token, the second-largest cryptocurrency by
Internet Computer-Based ‘Bitfinity EVM’ Launches as Bitcoin L2, Supports Runes
Internet Computer-based Bitfinity integrates with the Bitcoin network and allows asset bridging to other blockchains.ICP's tech stack will allow applications that use Ethereum's smart contract programming language Solidity to access Bitcoin-based tokens.Bitcoin layer 2 Bitfinity has introduced its Ethereum Virtual Machine (EVM) to bring smart contracts Bitcoin protocols and harness Runes to enable Bitcoin DeFi
Utah Judge Rules SEC’s Case Against Alleged Crypto Mining Scam Green United Can Proceed to Trial
The U.S. Securities and Exchange Commission’s (SEC) lawsuit against Green United can proceed to trial, a Utah judge ruled Monday. Last March, the SEC accused the Utah-based operation of scamming investors out of $18 million by selling them phony crypto mining equipment via a multi-level marketing scheme in which the company’s affiliates received a portion
Bitcoin Is Unlikely to Match Gold’s Allocation in Investors’ Portfolios in Nominal Terms: JPMorgan
Bitcoin is 3.7 times more volatile than gold.If the crypto were to match gold in risk capital terms it implies a price of $45,000.The net inflow into spot bitcoin ETFs is about $9 billion.If bitcoin (BTC) were to match gold’s allocation in investor portfolios, its market cap should rise to $3.3 trillion, implying a more