Cryptocurrency exchange Binance has completed its 19th quarterly Binance Coin (BNB) token burn using the Auto-Burn mechanism. #Binance Completes 19th Quarterly #BNB Burn! 🔥 1.8m #BNB has been burned 🔥https://t.co/BX51dEh8We — Binance (@binance) April 19, 2022 Out of circulation withdrawn 1,839,786.26 BNB (~$741.8M at time of writing), including 9,403.78 BNB from the Pioneer Burn program. As part of the previous...
The Sandbox metaverse project is preparing to close a $400 million funding round. According to its results, the platform’s valuation may exceed $4 billion, reports Bloomberg citing own sources. Parent company Animoca Brands is in talks with potential investors, they said. In their course, both the amount of the round and the valuation may change, depending...
Canadian mining company Hut 8 Mining has entered into an agreement with TAAL to host and acquire its 960 MicroBT Whatsminer M31S+ miners. This was reported in a press release. Bitcoin mining equipment is operated in Medicine Hat, Alberta, Canada. The deal will increase the Hut 8 hash rate by 81 PH/s, to 2.62 EH/s. The agreement...
Mining bitcoin is still a profitable activity, but its profitability is under pressure from a decrease in the price of the cryptocurrency and an increase in the hash rate of the network. On this indicated Arcane Research analysts. They noted that since the beginning of the year, the cash flow from mining 1 BTC has been...
While traditional media continue to insist that cryptocurrencies are hard to spend, many well-known companies are already accepting them as a means of payment. Within a week, several major news outlets published articles covering the fundamentals of cryptocurrencies such as Bitcoin. One CBS news item said: “Cryptocurrency is not easy to spend.” This might have been...
DeFiance Capital founder Arthur Cheong warned that North Korean-backed hackers have developed sophisticated methods to target crypto companies. On Friday, Cheong tweeted that these hackers are using new forms of social engineering designed to "breakthrough our mental defenses." He claims that this information comes from research and conversations with leading cybersecurity experts. At the forefront of these...
The Omani Capital Market Authority will include real estate tokenization in its regulation of virtual assets and also licenses cryptocurrency exchanges. The regulation of Oman's virtual assets will be completed by the third quarter of 2022. Kemal Rizadi, Advisor to the Omani Capital Market Authority, made these comments during a real estate exhibition and conference held...
Despite the activation of Taproot on the Bitcoin network in November 2021, data available at transactionfee.info shows that only approximately 0.37% of all Bitcoin transactions use it, as opposed to 85% for the Segregated Witness update, which was activated in August 2017. The Taproot Bitcoin core update was activated in November 2021, promising many new features...
MicroStrategy CEO Michael Saylor called his multi-billion dollar purchase of bitcoin a "huge success" in adding value to shareholders. He wrote about this in a letter to investors, published last Thursday. “The adoption of bitcoin as our primary treasury reserve asset has separated us from regular competitors and lifted our brand,” he wrote. However, he called the...
The Ministry of Finance of Russia handed over to the government an amended and finalized bill on cryptocurrencies. Twitter users mistakenly thought it recommended the use of cryptocurrencies as "legal tender". But the wording is somewhat different. Earlier on April 8, the Russian Ministry of Finance announced the amendments and finalization of the upcoming cryptocurrency bill,...
