BLOCKCHAIN
Blockchains incorporate several important features such as immutability, encryption and distributed storage, which combined makes secure peer-to-peer transactions possible and in turn has created the means to end human dependence on credit and thus credit intermediaries. Due to these features, blockchain has been referred to as ‘the Trust Machine’ and is forecasted to transfer the trust from agencies and institutions which are enforced by law to machine-based networks guaranteed by technology and mathematics.
Crypto Miner Marathon Secures 200MW Energy Capacity from Applied Blockchain
Bitcoin miner Marathon has announced the completion of a deal with Applied Blockchain to secure at least 200 megawatts of energy capacity.
Gemini Executes Second Round of Layoffs: TechCrunch
Crypto exchange Gemini has made the second round of layoffs seven weeks after the crypto exchange cut about 10% of its workforce, citing "turbulent market conditions."
Anthony Scaramucci Suspends Redemptions of Legion Strategies Fund
Anthony Scaramucci, the founder of hedge fund SkyBridge, is suspending redemptions of his Legion Strategies fund due to operational difficulties for private companies caused by the sharp fall in the cryptocurrency market, according to Bloomberg.
FBI Warns Investors of Fraudulent Crypto Apps
FBI issued a public warning to crypto investors about fraudulent cryptocurrency apps. Fake apps have defrauded more than 200 American investors up to $42.7 million.
ViralCoin’s Founder Explains Why VIRAL Can Flourish During this Bear Market
ViralCoin, an emerging cryptocurrency project centered around subscription payments and price stability, has a novel vision of success during this bear market. James McLendon, ViralCoin’s Founder, explained that the ViralVault contract utilizes on-chain arbitrage to keep the price relatively stable, regardless of crypto market conditions. “If the VIRAL price increases too high, then the ViralVault mints additional VIRAL and transfers the newly-minted VIRAL into the liquidity pool. Similarly, VIRAL price decreases too low, then the ViralVault purchases the excess VIRAL and burns such amount to rebalance the price.”
artèQ (ARTEQ) Announces First Centralized Exchange Listing on BitMart
Exciting news for crypto enthusiasts seeking to invest in NFT as an alternative asset class, artèQ token is getting its first listing on CEX.
The artèQ NFT Investment Capital today announced its centralized exchange listing on BitMart. artèQ’s native utility token, $ARTEQ, will get listed for trading on BitMart, a leading crypto exchange with millions of users globally. As the first centralized exchange to list artèQ, BitMart lets users trade the ARTEQ/USDT pair. BitMart users can trade cryptocurrency instantly with an advanced security system and user-friendly interface.
1.1m XRP Tokens Dumped by Ripple Co-Founder Jed McCaleb
Ripple co-founder Jed McCaleb resumed selling his Ripple reserves and liquidating 1.1 million Ripple, leaving only $17 worth of XRP left in the account.
Hyperledger Fabric-based Platform Remooz.com Launches NFT Marketplace
Enterprise-grade distributed ledger Hyperledger Fabric platform Remooz.com launched its first NFT marketplace platform.
Crypto Messaging Platform Lines Raises $4M in Seed Round
Crypto messaging platform Lines has raised $4 million in a seed round. The company aims to build an app to solve issues like no verifiable communications platform in the industry.
NFTs Trading Volume Between May and June Fell 74%: The Block
NFTs' trading volume between May and June fell 74%, data from The Block Research showed.