Bitcoin Crypto Signals

2022-05-16 13:25:04 PREDICT THE FUTURE ON AVER’S DECENTRALISED MARKETS…

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2022-05-16 12:45:07 Bitcoin network fortifies as mining difficulty records ATH of 31.251T

BTC’s latest network difficulty all-time high makes it nearly impossible for bad actors to represent over 50% of the hash rate.Further distancing itself from any concerns of planned attacks on the blockchain, the Bitcoin network established a new mining difficulty all-time high of 31.251 trillion — exceeding the 30-trillion mark for the first time in history.

The creator of Bitcoin (BTC), Satoshi Nakamoto, warranted the security of the BTC network through a decentralized network of BTC miners who are tasked with confirming the legitimacy of transactions and minting new blocks.Given the extensive community support — from developers to hodlers to traders to miners — that spans over 13 years, the BTC network was witness to a historic 10-month-long rally as it achieved mining difficulty of 31.251 trillion.Greater mining difficulty demands higher computational power from miners.

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2022-05-15 16:15:04 PancakeSwap’s New Proposal Aims to Cap CAKE Supply at 750 Million

With the current circulating supply of CAKE nearing 300 million, the new proposal seeks to limit the max supply to 750 million.Decentralized Finance (DeFi) application PancakeSwap has released a governance proposal that details several goals of its native token, CAKE. It garnered a 98.8% majority across 11 million votes in a voting window of a 24-hour period, while opposition accounted for a mere 131K participants.

The second iteration of PancakeSwap’s tokenomics roadmap imposes a maximum supply cap of 750 million for the CAKE token.The proposal, which received overwhelming support from the participants, stated that “a max supply cap, and also incentives for an even smaller effective circulating supply better reflect the value, community, and sustainability” of the application.The current circulating supply of CAKE stood at a little over 294 million.

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2022-05-14 17:21:02 Yellen Says Crypto Poses No Systemic Risk to Financial System

Treasury Secretary Janet Yellen told members of Congress on Thursday that she doesn't believe the crypto market has grown to a scale that it poses a "systemic risk"—a designation that can trigger a raft of new regulatory measures.

Yellen's comments came during an appearance before the House Committee on Financial Services where members pressed her on macroeconomic issues, but also repeatedly raised the topic of stablecoins—crypto tokens that are meant to maintain a peg to a fiat currency—and the current crypto market meltdown.

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2022-05-13 12:35:02 UST’s Do Kwon Was Behind Earlier Failed Stablecoin, Ex-Terra Colleagues Say

Do Kwon, the CEO of Terra creator Terraform Labs, was one of the pseudonymous co-founders behind the failed algorithmic stablecoin Basis Cash, CoinDesk has learned.Basis Cash (BAC) was a closely watched revival in decentralized finance (DeFi) circles when it launched on Ethereum in late 2020.

The token of this long-abandoned project never achieved its target of dollar parity, sank below $1 in early 2021 and was trading well below 1 cent on Wednesday. Now history appears to be repeating: Over the last three days, UST sank precipitously below its peg, going as low as 27 cents in early morning U.S. hours Wednesday.UST’s depegging has shocked crypto markets and regulators alike as the once-$15 billion stablecoin has continued its downward spiral.

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2022-05-12 16:49:56 Bitcoin Crypto Signals pinned a photo Open / Comment

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2022-05-12 14:16:02 Vatican Museum to open an NFT gallery of its art collection

The partnership between the Vatican’s non-profit organization Humanity 2.0 Foundation and Sensorium promises to create the first-ever virtual reality (VR) and non-fungible token (NFT) gallery, hosting the Vatican’s art, content and academic initiatives, including manuscripts and masterpieces.

"We look forward to working with Sensorium to explore ways to democratise art, making it more widely available to people around the world regardless of their socio-economic and geographical limitations,” said the Humanity 2.0’s chairman, Father Philip Larrey, Dean of Philosophy at the Pope’s University in Vatican City. “The partnership with Sensorium brings this goal a step further and equips us with the latest tech solutions.”

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2022-05-11 14:14:02 Near Foundation Establishes Blockchain Hub in Kenya

Near Foundation – the Swiss non-profit that oversees the development of Near Protocol – reportedly teamed up with the Kenyan blockchain community Sankore to launch a regional hub in the African country. The unit will focus on crypto innovations, education, and talent development throughout the continent.

Several recent studies estimated that emerging economies and developing countries are particularly thriving areas for the crypto industry. Keeping in mind that the majority of African nations fall into this column, it is no wonder why locals are so intrigued by bitcoin and altcoins. Kenya, for one, ranked fifth in last year’s Global Crypto Adoption Index.The hub’s leader will be Kevin Imani – the founder of Sankore. He argued that the mutual collaboration with Near could educate numerous people in the region and “nurture talented individuals to become world-class blockchain developers.”

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