Here’s what happened in crypto today
Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation.
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FIL on the rise: Filecoin’s upcoming production cut alters tokenomics
Filecoin (FIL) is one of the most prominent coins in the storage sector of cryptocurrencies. In the past month, the price and market capitalization of FIL has rocketed to new highs. On April 1, the coin reached $233.68 along with breaking into the top 10 cryptocurrencies by market capitalization. Basically, Filecoin is a decentralized cloud-based data…

Bitcoin Hash Rate Climbs to New Record High Boosting Network Security
The Bitcoin (BTC) hash rate - the total computing power of the bitcoin network - reached new all-time highs this week, data from monitoring resource Blockchain.com confirmed on June 19.As the Bitcoin price set a new annual record above $9,000, hash rate, which can be taken as a measure of how much interest there is…

Worldcoin to allow government and businesses to use ID system: Report
New reports reveal that Worldcoin plans to expand its operations to sign up more users by allowing organizations and governments to access its technology. 578 Total views 19 Total shares Worldcoin plans to expand its operations to allow governments and businesses to utilize its iris-scanning and identity-verifying technology in an effort to sign up more…

Axe reveals limited run of Dogecoin-themed body spray
Axe is set to drop a limited run of a free Dogecoin-themed body spray dubbed “Dogecan,” which is described as exhibiting a “dank musk.” 1047 Total views 5 Total shares Popular male grooming product manufacturer, Axe. is set to launch a limited run of Dogecoin (DOGE)-themed body spray dubbed “Dogecan.”Axe’s Dogecans will be given out…

Bitcoin price metric hits ‘optimal DCA’ zone not seen since BTC traded in $50K to $70K range
Bitcoin's (BTC) price dropped to a new yearly low of $78,258 on Feb. 27, leading some analysts to suggest that the cryptocurrency is now in an optimal purchasing zone. Bitcoin 1-day chart. Source: Cointelegraph/TradingView Bitcoin’s 60-day RCV hints at low-risk accumulation Crazzyblock, a Bitcoin trader and verified analyst on CryptoQuant said that Bitcoin’s 60-day RCV

US Banking Regulator Greenlights Crypto Custody at Federally Chartered Banks
The office of the U.S. Treasury that handles banks has issued a determination on the long-debated subject of custodying crypto assets 1358 Total views 2 Total shares Per a July 22 announcement shared with Cointelegraph, the Office of the Comptroller of the Currency (OCC) is granting permission to federally chartered banks to custody cryptocurrency.The future…

Tron Officially Releases Sidechain Scaling Solution Sun Network
Blockchain-based decentralized application platform (DApps) Tron (TRX) has announced the release of a sidechain scaling solution, the Sun Network, in a blog post published on Aug. 11.Tron has released the V1.0 code for the Sun Network, which is a scaling solution designed to enhance and ensure a supposedly unlimited scaling capacity of the Tron mainnet.…

World Economic Forum’s Nadia Hewitt Talks Supply Chains, COVID-19 and Blockchain
Last week, the World Economic Forum (WEF) published a major new blockchain deployment toolkit designed to help governments, enterprises and organizations worldwide to develop more resilient value chains going forward after the COVID-19 crisis. The toolkit’s authors believe that the case for blockchain implementation is stronger than ever in the wake of the pandemic and has…