Focus on DeFi ‘fairness’ benefits Holochain, Orion Protocol and Dodo

Bitcoin’s (BTC) strong bull run and the immense popularity of the decentralized finance space have attracted several new investors to cryptocurrencies. A report from Crypto.com shows a massive increase in crypto users as the figure rose from 66 million in May 2020 to 106 million by January this year.  Crypto market data daily view. Source: Coin360 Contrary to the popular notion that new crypto users are mostly speculating on the price, data from Unchained Capital shows that investors who bought in the past three to five years are still holding…

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Exchange listings and NFT boom back Enjin’s (ENJ) 52% rally to a new high

Non-fungible tokens (NFT) are rapidly becoming a focal point of the cryptocurrency market as evidenced by stories of millions of dollars being raised in minutes for one-of-a-kind tokenized art pieces and rare collectibles that traders rush to get their hands on.  One project that has been benefiting greatly from the resurgence of NFTs is Enjin Coin (ENJ), which broke out to a new all-time high of $0.67 on Feb. 25 following its listing on the Crypto.com exchange as well as the launch of spot and perpetual futures trading on FTX.…

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Gemini collaborates with The Giving Block and others, adds donations option

United States crypto exchange Gemini has added a way for customers to donate crypto to over 100 nonprofits worldwide via The Giving Block. Gemini now gives customers the option to “Give Back With Crypto,” The Giving Block unveiled in a blog post on Thursday. Available charities range from human rights efforts, to those seeking to provide clean water and beyond. Some of the charitable groups available, as listed on The Giving Block’s website, include Water Wells for Africa, the GO2 Foundation for Lung Cancer, Kids in Need of Defense and…

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$580M open interest makes Cardano (ADA) the third largest futures market

On Feb. 3, Cardano conducted a hard fork and successfully integrated the Mary upgrade to the testnet, transforming the blockchain into a multiasset network similar to Ethereum. This event seems to be one of the reasons for the impressive 475% year-to-date rally of ADA, and the altcoin is now causing unexpected ripples in the derivatives markets. Since the end of December 2020, ADA’s $81-million aggregate futures open interest hiked to the current $580 million, becoming the third-largest derivatives market, behind Bitcoin (BTC) and Ether (ETH). Data indicates this was not purely a technical…

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Coinbase sent SEC filing to Satoshi in a symbolic gesture

United States-based cryptocurrency exchange Coinbase named Bitcoin creator Satoshi Nakamoto in its recent filing with the Securities and Exchange Commission for a direct listing on the stock market. According to the SEC filing, Coinbase sent copies of its S-1 registration statement — which, if approved, would bring the company closer to having its shares traded on U.S. stock exchanges — to legal team members at Coinbase Global and California law firm Fenwick & West. In addition, the exchange listed Satoshi Nakamoto and the Bitcoin (BTC) genesis block address as recipients…

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British art icon Damien Hirst to accept BTC, ETH payments for print run

Yet another fine art institution is jumping on the crypto bandwagon.  British artist Damien Hirst and printmaker HENI Leviathan announced Thursday the release of a print run of eight Hirst paintings, which will be available for purchase with the cryptocurrencies Bitcoin (BTC) and Ether (ETH). According to the announcement, “For the first time, both HENI Leviathan and the artist Damien Hirst will be accepting Cryptocurrency for payment of editions, payments can be made by either Bitcoin or ether, as well as by credit or debit card.” The prints are available…

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Ebang planning to expand business to mine LTC and DOGE

According to an announcement from Chinese mining equipment supplier Ebang, the mining firm’s board passed a resolution on Thursday to establish a Litecoin (LTC) and Dogecoin (DOGE) mining business. Ebang said it will use some of its own rigs in addition to purchasing some from other crypto mining manufacturers. By “leasing computing powers from other mining farms,” Ebang claimed it will be able to mine the two tokens simultaneously. CEO Dong Hu said the move was part of the company’s transition from a manufacturer of mining equipment to a “diversified…

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Altcoins bounce to new highs as Bitcoin price trades sideways under $50K

The cryptocurrency market recovered some of the losses from the past couple of days on Feb. 25 as Bitcoin (BTC) briefly pushed back above the $50,000 level and multiple altcoins have seen double-digit price gains.  Data from Cointelegraph Markets and TradingView shows that Bitcoin bounced off a low of $45,200 late on Feb. 24 before rallying 15% to $52,000 in the morning trading session. BTC/USDT 4-hour chart. Source: TradingView While the rebound in the cryptocurrency market is a welcome sight for bullish investors, Bitcoin price is still finding resistance above…

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Anchorage set for growth following $80M fundraise

Last month, digital asset entity Anchorage received a bank charter from the United States Office of the Comptroller of the Currency, or OCC. This month, the outfit has added $80 million in funds.  “Today, we are pleased to announce that Anchorage has raised an $80 million Series C, led by GIC, Singapore’s sovereign wealth fund, with participation from a16z, Blockchain Capital, Lux, and Indico,” a Thursday blog post announcement from Anchorage says, adding:   “This new capital will allow us to rapidly scale to meet the rising demand for participation in…

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Black Americans are changing the face of crypto and blockchain through education

Despite there still being work to be done to further diversify the crypto space, many believe the blockchain sector is generally more diverse than other tech industries. This could be because cryptocurrency boasts financial inclusion and the democratization of global economics, attracting a wide variety of people from various nationalities, ethnicities, genders, etc., from around the world. Among this diverse group of participants, Black American founders and thought leaders, in particular, have helped advance the blockchain and crypto sector. While a number of these individuals have founded blockchain companies or…

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