DeFi growth helps push crypto’s share of the global money supply above 2%

The cryptocurrency market now accounts for 2% of the global money supply as DeFi and stablecoin growth point to steady increases in adoption. This year decentralized finance (DeFi) has proven to be a transformative sector for the cryptocurrency ecosystem and it is also making waves in among global financial markets as institutional investors become entranced with the potential to earn high yields on stablecoins, altcoins and Bitcoin.  While the price action from Dogecoin (DOGE) has dominated the headlines in recent weeks, Delphi Digital has been chronicling the growth of the…

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Earn Passive Income with Nhash Cloud Mining

Start cloud mining Bitcoin from as low as $70 a day with the most profitable Bitcoin cloud mining service, NHash. A few weeks ago, the hash rate of Bitcoin dropped about 20% leaving many analysts skeptical of the long-term sustainability of the largest cryptocurrency. Despite the drop, the enthusiasm around the mining of Bitcoin remains as strong as ever with a rising mining difficulty and more miners coming into the fray. Despite growing into the strongest computational network, Bitcoin has slowly turned into an activity only suitable for the rich.…

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Altcoins pop while Bitcoin looks for support near $50,000

Bitcoin bulls struggle to push BTC price above $50,000 while ADA, MATIC and other large-cap altcoins realize double-digit gains. Bitcoin (BTC) continues to look for direction but as this occurred, Ether and altcoins bounced higher from the May 13 sell-off. Dogecoin shocked investors with its 47% rally that kicked off after Coinbase announced that it would list (DOGE) in the coming months. Doge price also rallied after Elon Musk tweeted that he was “Working with Doge devs to improve system transaction efficiency. Potentially promising.” While many altcoins have seen double-digit…

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Blockchain-based VXPASS selected to manage and verify digital records for COVID-19 vaccination rollout for Kingdom of Lesotho

VXPASS,  a blockchain-based platform built to manage, store and verify records for global COVID-19 vaccination programs, today announces that it has reached an agreement with the Sesiu sa Tšoele le beta Poho Fund (SESIU), the public-private partnership responsible for the rollout of COVID-19 vaccinations across the land-locked African nation of Lesotho, to provide the digital […] This Blockchain Press Release: Blockchain-based VXPASS selected to manage and verify digital records for COVID-19 vaccination rollout for Kingdom of Lesotho appeared first on Blockchain Press Releases Post source: Blockchain-based VXPASS selected to manage…

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Microsoft quietly closing down Azure blockchain in September

Microsoft is closing its Azure Blockchain Service, giving existing customers just four months to transition to new service providers. Microsoft is turning off its corporate Azure Blockchain Service on September 10 and will not accept any new deployments effective immediately, with no official explanation provided. Large corporate customers who use Azure Blockchain include J.P. Morgan, GE Aviation, Singapore Airlines, Starbucks, and Xbox according to its website. The announcement was made in a low key post on the Microsoft documentation site on Monday, informing all current customers to migrate to alternate…

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Safest Way to Store Dogecoin

Although Dogecoin (DOGE) was launched in 2013 as a mere joke, the token has since then captured the crypto community and continues to grow in popularity. The digital currency has got a good reputation in the crypto market over the last few years, but in January 2021, it reached its all-time high, making the coin rise to be one of the top 10 largest cryptocurrencies by market cap. If you have also been considering joining the trend and investing in Dogecoin, this is just the perfect time to do so.…

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Trial of former BitMEX executives set for next March

18 months after charges were filed, BitMEX executives will head to trial. The money laundering trial for the former executives of U.S. cryptocurrency exchange BitMEX has been scheduled for March 28, 2022. On May 11, New York District Judge John Koeltl set the trial date for former BitMEX executives CEO Arthur Hayes, co-founder Benjamin Delo, and chief technology officer Samuel Reed. The trio are accused of violating the Bank Secrecy Act and anti-money laundering laws. Additionally, BitMEX’s head of business development, Gregory Dwyer, is also facing charges but has yet…

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Dogecoin price dumps, but whodunnit? Whales, institutions or retail traders?

Although Dogecoin’s futures volume tripled, the recent 42% price dump appears to be entirely retail-driven. Most recently, DOGE pulled off a 10x gain as it rallied to $0.74 in the past week. The breakout was fueled mainly by Tesla CEO Elon Musk and his constant mentions of the token on social networks and interviews. Surprisingly, as Musk debuted on Saturday Night Live on May 8, Dogecoin price corrected by 42% even as Musk, his mother, and SNL actors mentioned DOGE in various skits. This event led to something rather unusual…

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Ethereum continues wild run, ETH price breaks $4,000 for the first time

The second-largest digital asset doesn’t look to be stopping its meteoric rise anytime soon. Ether (ETH) eclipsed $4,000 for the first time on May 10, passing the psychologically significant barrier on multiple exchanges including Coinbase. The new milestone comes just a week after breaking $3,000. ETH/USD 4-hour candle chart (Coinbase). Source: Tradingview Last week, ETH overtook Bank of America as the 28th largest asset in the world. But at $454.49 billion as of today, ETH has now eclipsed the market cap of consumer staples giants Wal-Mart and Johnson and Johnson,…

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Ethereum price closes in on $4K as Shiba Inu (SHIB) steals Dogecoin’s thunder

Ethereum and Dogecoin hit new highs as investors brace for Elon Musk’s SNL debut and Bitcoin bulls push the price closer to $60,000. The crypto market has rallied into the weekend as Ether (ETH), Dogecoin (DOGE) and Shibu Inu (SHIB) hit new all-time highs as they lead the pack of altcoins up the market cap mountain.  Much of the excitement behind Dogecoin’s rally has been attributed to the upcoming appearance of Elon Musk, the CEO of Tesla and a Dogecoin advocate, on the popular Saturday Night Live comedy sketch show. Ether,…

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