Blockchain News

Bitcoin price rally provides much needed relief for BTC miners

Bitcoin mining powers network transactions and BTC price. During the 2021 bull run, some mining operations raised funds against their Bitcoin ASICs and BTC reserves. Miners also preordered ASICs at a hefty premium and some raised funds by conducting IPOs.  As the crypto market turned bearish and liquidity seized within the sector, miners found themselves …

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DeFi should complement TradFi, not attack it: Finance Redefined

Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you significant developments over the last week. Following FTX’s demise, the DeFi space is up for a complete remodel as crypto users demand better security and compliance practices. SushiSwap’s roadmap for the coming year includes the …

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GameFi needs a wider choice of products to take off, Animoca Brands CEO says

The lack of a wide choice of high-quality products is what has so far prevented crypto gaming from gaining traction among mainstream users, according to Robby Yung, CEO of Animoca Brands.  One of the newest and most promising crypto sectors, GameFi or blockchain-backed gaming, allows videogame players to earn monetary rewards and take ownership of …

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Fantom announces on-chain funding mechanism Ecosystem Vault

Fantom Foundation, the platform behind the Fantom (FTM) blockchain announced the launch of Ecosystem Vault on Friday. Vault is a decentralised funding mechanism that will be financed by 10% of FTM transaction fees. The funds in the vault are available to projects that get 55% approval in community-driven governance vote. Fantom, a scalable Layer-1 blockchain …

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NFT Steez and Cryptoys CEO discuss the future of toys and entertainment within Web3

This week NFT Steez met with Cryptoys founder Will Weinraub to discuss the current role of play and toys in regard to their integration with nonfungible tokens (NFTs) and Web3 as a whole.  Weinraub believes that the act of play is “not restricted to children” and believes that as adults, “we still crave the element of …

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Blockchain uses – the real expansion has just begun

Blockchain is changing industries and bringing the benefits of the new technology to every day life. Medical innovation and data confidentiality are big trends. Blockchain technology in gaming, supply chain management and digital identity verification are also huge steps. In recent years, application cases for blockchain have extended significantly beyond bitcoin, with various businesses embracing …

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Sundance Film Festival embraces blockchain and crypto film initiatives

Web3 technologies continue to infiltrate various mainstream industries to bring innovation to old systems. This includes legacy creative fields such as the music industry and, more recently, the film industry. This year, the Slamdance Film Festival, an oscar-accredited film festival for indie filmmakers, will see the premiere of the new film Fuzzy Head, which received …

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Bybit CEO offers clarity on exposure to Genesis, but community demands more

Genesis Global, a prominent crypto lender, filed for Chapter 11 bankruptcy protection in New York on Jan. 20, becoming the latest company to declare bankruptcy in the wake of FTX’s collapse. However, the focus of the crypto community has shifted towards other crypto firms that had exposure to the lending firm. One report suggested that …

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Crypto becomes second most widely-owned asset class for women: eToro survey

While traditional asset classes fail to foster broader adoption among women, crypto seems to have found success in bringing women on board, according to a recent survey.  Data sent to Cointelegraph by the eToro team highlighted that crypto is now the second most widely-owned asset class for women second only to cash. This comes from …

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