Crypto California Club

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2023-04-25 10:05:43 Ethereum (ETH) Hits New All-Time High Just in Time for Major Shanghai Update

The Ethereum (ETH) blockchain has achieved a new milestone, with the number of non-zero addresses reaching an all-time high of 97 million, according to Glassnode data. This record-breaking achievement comes just in time for the highly anticipated Shanghai update, which will take place in almost three days, approximately April 30.

The surge in non-zero addresses indicates growing interest in ETH, as more people are creating wallets and investing in the cryptocurrency. This is a positive sign for the ecosystem, as it reflects wider adoption of decentralized finance (DeFi) and non-fungible tokens (NFTs) built on top of the Ethereum network.

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2023-04-24 18:01:27 Kosovo Government Cracks Down on Crypto Mining in Mainly Serb North

Law enforcement in Kosovo has carried out raids against cryptocurrency mining in a northern municipality where Serbs form the majority of the population, the Turkish Anadolu Agency reported, quoting a member of the Albanian-led government in Pristina.

According to Economy Minister Artane Rizvanolli, police have seized 174 devices designed to mint digital currencies. Announcing the operation in Zubin Potok on social media, she insisted that the failure to pay electricity bills encourages such illegal activities.

Consumers in the predominantly Serb northern part of Kosovo have not paid for electric power in over two decades. Serbia does not recognize the unilaterally declared independence of the territory, the rest of which is mostly inhabited by ethnic Albanians.

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2023-04-24 11:01:11 Yearn Finance New Staked Token yETH Might Not Be Launched Yet

According to a survey on the Yearn Finance governance forum, participants are divided on introducing the yETH toen. The poll is non-binding and is intended to gauge community support in going forward with a binding vote through snapshot.

According to Yearn, there are an increasing number of LSDs, each with a unique yield, risk, and decentralization profile, as well as varying degrees of market liquidity. Inefficiencies in market pricing might lead to trading opportunities against the protocol’s underlying supported ETH value.

Staked ETH in a typical liquidity pool is not appropriate for collateral since the pool is only as secure as its least safe Member. However, new LSDs may struggle to establish traction and draw sufficient use and liquidity to compete with existing protocols with huge market shares.

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2023-04-23 11:00:54 Use your crypto freely with TRASTRA!

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2023-04-22 19:02:40 Circle exec to join US Congressional committee hearing on stablecoin payments, legislation.

The Financial Services Committee issued a memorandum to announce an upcoming hearing titled “Understanding Stablecoins’ Role in Payments and the Need for Legislation.”

The United States House Committee on Financial Services will hold a hearing on April 19 to discuss stablecoins’ position as a means of payment and whether the ecosystem needs supporting legislation.

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2023-04-22 10:01:06 HashKey Group to Debut Regulated Exchange in Second Quarter

Digital asset financial services firm HashKey Group plans to introduce a regulated exchange in the second quarter, the company said in a statement on its website.

The exchange, called HashKey PRO, will offer bitcoin (BTC), ether (ETH), USD coin (USDC) and fiat trading pairs, according to the statement. HashKey said it is preparing to offer services to retail investors "in the coming months."

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2023-04-21 18:01:58 Crypto Exchange Binance in New Partnership that Seeks to Deepen Crypto Adoption in Africa

Cryptocurrency exchange Binance said it has partnered with the video streaming service Showmax in a collaboration that seeks to deepen crypto adoption in Africa. According to a Business Day report, about 500 Nigerian Binance users enrolling to become active participants in Web3 will be rewarded with a month-long video streaming subscription.

Remarking on the crypto exchange’s latest campaign to bring crypto to the masses, Binance’s Emmanuel Ebanehita said:
We’re thrilled to be collaborating with Showmax to provide an incredible opportunity for our new users to be active participants in Web3. This promotion comes at a time where many Africans are eagerly embracing the underlying technology behind crypto.

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2023-04-21 10:45:53 Bitcoin Soars Amid Banking Turmoil: Ark Invest Report

As the national banking crisis unfolds, Bitcoin has emerged as a beacon of stability and strength, with key data points from Ark Invest’s March report highlighting the cryptocurrency‘s resilience.

During this tumultuous period, Bitcoin settled $650 billion, facilitated around 9 million transactions, and issued approximately 26,000 new BTC at a steady 1.8% inflation rate. The flagship cryptocurrency attracted about 13 million new addresses and generated nearly $700 million in revenue for miners securing the network

In March, bank deposits experienced a 4.1% drop, while the Federal Reserve’s decisions led to Silicon Valley Bank’s bankruptcy and the instability of other regional banks. Despite these challenges, Bitcoin’s value appreciated 49% from a low of $19,500 on March 10th to $29,150 on March 30th, showcasing its potential as a safe haven during financial crises.

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2023-04-20 19:31:55 Does the current market condition have your mind down in the dumps? Not anymore. Say goodbye to ugly losses and hello to beautiful opportunity

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