Posted in Crypto News

Miami to become clean energy bitcoin mining hub- Miami Mayor

Miami Mayor Francis Suarez plans to make Miami the center of “clean energy” bitcoin mining.

The plan is leverage the city’s nuclear power, ” a clean energy supply that’s essentially unlimited.”

This will solve the bitcoin mining problem where the process is seen as a “dirty activity” due to dirty energy.

National security is also an important factor for consideration as there are high levels of Security unease outside of United States.

Posted in Crypto News

Oakland A’s President Declares “We are Believers in Bitcoin”

American professional baseball team Oakland Athletics now accepts Bitcoin as Payment for the tickets.

There’s currently about 100 inbound inquires.

Oakland A’s also announced their plans to hold any BTC that they receive and also will open to other crypto currencies like eth and doge.

Bitpay, a bitcoin payment service provider, is used for the procesZsing.

They also considers blockchain and will be looking into non-fungible tokens(NFTs).

Posted in Crypto News

Dragonfly Capital Launched $225 Million Fund To Invest in DEFLNFTs

Dragonfly Capital launched a new fund tagged the dragonfly fund II $225 mikion to invest in four core areas:

  • Decentralized finance (DeFi) protocols;
  • Non-fungible token (NFT) projects
  • Ethereum layer 2 solutions and businesses built on them and
  • Centralized financial (CeFi)

Partners in the fund include Sequota China (strategic partner), OKEx, Huobi, Bitmain, and Bybit.

Hasseb Qureshi of Dragonfly Capital said the partnerships will Crypto forward.

Posted in Crypto News

SIAE Seleets Algorand to create 4 Million NFTs to manage author’s rights

Societa Italiana degli Autori ed Editori (SIAE) have chosen Algorand to create over 4 million NFTs to manage the rights of over 95,000 selected SIAE authors on the Blockchain.

This will ensure that the copyrights of authors are globally protected on a transparent, open infrastucture as the Blockchain.

Algorand founder Silvio Micali, believes this move by SIAE will open new opportunities in data management.

Posted in Crypto News

Long time bitcoin (BTC) Holders not selling their holdings

A long time bitcoin (BTC) holders are refraining from selling their holdings, on chain data from Glassnode shows.

Bitcoin supply that has not moved for over two years has hit a 3 months low, indicating conviction from long time holders.

According to Glassnode’s “BTC Percent Supply Last Active 2+ Years” indicator, Bitcoin that was last moved well over two years ago reached a three months low to 45.364%.

Posted in Crypto News

bitcoin Miner’s Revenue Stay Over $1 billion for 3 Months

According to the data from the block research shows that bitcoin miners have earned above $1.5 B in revenue.

Miner’s revenue in march figure exceeds February, when miners earned a total of $1.36 B across the sector.

The new performance figures indicate that miners have collectively over $1 B for 3 months in a row.

As per data, miners earned a collected $148M in fees, which are paid by transactors in an effort to make their transactions more likely to be included in the next block.

Posted in Crypto News

Bank of Japan Forms Committee to Collaborate Over CBDC Testing Plan

The Bank of Japan launches committee to support central back digital currency (CBDC) proof of concept testing plan. The committee will connect the Central bank and the private sector.

The experiments had been scheduled to start in spring.

The Japanese Government plans to factor in the private sector as part of the process of creating CBDC.

Private sectors that would be considered include; banking, payments and fintech associations.

Posted in Crypto News

Uniswap’s Daily Fee Generation Overtakes Bitcoin’s by $1.7 Million

Currently the second ranked crypto platform by daily fee generation Uniswap, only behind Ethereum is beatin Bitcoin by more than 50%.

The data tracking website, CryptoFees says Uniswap has in the past 24hours generated more than $4.8 million worth of fees while bitcoin has only $3.1 million.

Ethereum tops with $16.5 million.

Uniswap engulfs the largest gas in the industry, it generated a large sum of $2 million in Ethereum fees in the past 30 days.

Posted in Crypto News

New York Launches Excelsior Pass, Blockchain powered COVID-19 Passport

New York launches Excelsior Pass, a blockchain- powered COVID-19 passport to be used across the state of New York.

New York Governor Andrew Cuomo said that the COVID-19 passport is one of their innovative tools for fighting the virus while parts of the sectors open and work safely, at the same keeping information secure.

The Excelsior Pass is built on IBM’S blockchain-based digital health pass platform.

Posted in Crypto News

Grayscale Now Holds $41 Billion Crypto Assets Under Management

Crypto asset management company Grayscale revealed it now has $41 billion AUM.

The company now holds almost $34.7 billion worth of Bitcoin and almost $5.2 billion of Ethereum with 14 listed different vehicles, with five new funds announced on March 17.

These are funds for Basic Attention Token (BAT), Chainlink (LINK), Decentraland (MANA), Liverpeer (LPT), and Filecoin (FIL), MANA holding as the highest at $14.6 million.