The Golem Network has launched an app that allows users to mine Ethereum on their laptops, but it could be a long time before riches can be reaped. The decentralized computing resources sharing platform released the Thorg app that allows users to mine Ethereum on Windows-based PCs and laptops. The app runs in the background
The partnership comes as more luxury brands and media publications experiment with non-fungible tokens (NFTs) to engage and reward fans and audiences. ZKBox, a Layer2 NFT protocol based on ZK-Rollup technology, today announced a new collaboration with luxury brand COACH China and GQLab, the content development team of GQ China, to release six limited editions of
While Ethereum 2.0 staking allows validators to be compensated for securing the network, ‘Ethereum 2.0 Staking Earn’ is its own product, providing users rewards from several DeFi products. On Ethereum 2.0, the PoS-powered blockchain will bundle 32 blocks of transactions during each validation round. Each block bundle is known as an epoch, which are finalized
Cobo, a popular crypto-asset management platform, has raised $40 million in Series B funding. According to reports, the proceeds will primarily be used for the development of DeFi as a service (DFaaS). They will also be used to strengthen the existing digital infrastructure around wallets, trading, and staking. The aforementioned news comes three years after
Ripple is in the news today after it announced a partnership with Bhutan’s central bank – the Royal Monetary Authority (RMA) – for a central bank digital currency (CBDC) pilot. This development was welcomed by the likes of Yangchen Tshogyel, Deputy Governor of the RMA, who said, “Our collaboration with Ripple is testament to the
The cryptocurrency ecosystem is showing signs of a recovery on Sept. 22 following a 48-hours corrective stint which saw Bitcoin and altcoins sell-off to their swing lows. Equities and crypto investors were clearly worried about the possible bankruptcy of China’s Evergrande real estate firm and many feared that the possible default could spark a global
Since touching a local high of $1.4 during the first week on September, XRP has been buried under a pile of selling pressure. Heightened by Bitcoin’s retracement from $48K and a bearish symmetrical triangle, losses amounted to over 40% in the last two weeks. Adding to this dire situation, a resulting bearish pattern threatened another
Bitcoin (BTC) won’t be making Galaxy Digital CEO Mike Novogratz “nervous” unless it dips below $40,000. In an interview with CNBC on Sept. 21, the infamously bullish investor calmed fears about the latest sell-off across cryptocurrency. Novogratz on institutions: “I see nothing but engagement and activity” Despite the macro environment wobbling over China and Bitcoin
The cryptocurrency market is witnessing a huge dump right now, one that was triggered by a sudden meltdown in global financial markets. Even so, many, including quite a few institutional investors, remain confident in the asset class. While the likes of Bitcoin and Ethereum have often stolen the limelight, of late, others have come to
Ether (ETH) price fell below the $3,000 support on Sept. 20 as global markets entered a risk-aversion mode. The Invesco China Technology ETF (CQQQ) closed down 4.2%, while the SPDR S&P Metals and Mining ETF (XME) lost 3.8%. Some analysts pointed to the potential ripple effects of the default of Evergrande, a major Chinese real
Solana, is one of the most trending blockchain platforms, and SOL witnessed a massive rise since recently. The price surge boosted Solana’s market cap above $40 billion. Note this, the token had made its debut only 18 months ago and a year ago, it was worth less than $2. Diagnosis The network suffered a major
The Securities Exchange and Commission of Thailand (SEC) has a license to an asset-backed token offering service based on the Ethereum blockchain. Fraction, a wholly-owned subsidiary of the Hong Kong-based fintech firm Fraction Group, has received a license allowing it to list and trade tokens for fractional ownership of physical or digital assets, the firm
Once upon a time, regulators around the world weren’t confident about handling the crypto-ecosystem. This attitude, however, has changed of late thanks to the industry’s growth and the interest it has seen from traditional institutions and major investors. The aforementioned change isn’t universal, alas, with some crypto-entities still coming under a lot of regulatory fire.
Ethereum’s native asset Ether (ETH) prices slumped on Sept. 20 amid a broad selloff in the cryptocurrency market, led by worries about a potential housing bubble crisis brewing in China. The ETH/USD exchange rate dropped as much as 12.52% to $2,911 on the Coinbase exchange, hitting its lowest levels since the beginning of August 2021.
Overall market sentiments bore a bearish outlook with most altcoins registering a substantial amount of losses. Over the past 24 hours, Ethereum Classic declined 8.5% and was about to touch a price it last traded near, almost over a month ago. Dogecoin also depreciated by 9.2% and inched closer to its nearest price floor of
According to a blog post published by Optimism on Sept. 18, the team anticipates Ethereum-native protocols will be able to launch on its network in a single click by the end of October. “Any tooling that can run on Ethereum will run identically on Optimistic Ethereum,” the post highlighted, adding: Optimism, the Ethereum Foundation-backed team