Polymarket Open Interest Rebounds as August Set to Challenge July’s Record

August 18, 2024 Bitcoin.com

Polymarket, the leading blockchain-powered predictions platform, saw its highest monthly volume to date in July. However, August has so far captured just over 68% of July’s total volume, with 13 days still remaining in the month. Polymarket’s August Performance Signals Potential for Record-Breaking Month According to data from theblock.co, August is shaping up to be […]

Crypto Analyst Says Top Ethereum Competitor To Plunge Lower Before Surging Higher, Updates Outlook on Bitcoin

OKX Wallet expands Blinks to EVM-compatible chains

August 15, 2024 Coin Telegraph

Blinks

OKX Wallet now supports blockchain links (Blinks) across all EVM-compatible chains, enhancing multichain transactions without switching platforms.

OKX, a centralized cryptocurrency exchange and Web3 technology company, has announced the expansion of its OKX Wallet capabilities to support blockchain links (Blinks).

According to a press release shared with Cointelegraph, the expansion will support all Ethereum Virtual Machine (EVM)-compatible chains.

It will also facilitate multichain capabilities, enabling blinks across multiple blockchains and making OKX Wallet the first to extend Blinks beyond the confines of Solana.

Crypto Analyst Says Top Ethereum Competitor To Plunge Lower Before Surging Higher, Updates Outlook on Bitcoin

Nigerian activist receives local support in legal fight to use crypto

August 10, 2024 Coin Telegraph

Bitcoin

This lawsuit comes amid the Nigerian government’s increasingly hostile stance toward cryptocurrencies.

Nigerian crypto activist and politician James Otudor has received support from the local cryptocurrency community in his legal battle to secure the right to own, use and trade Bitcoin, Tether and other cryptocurrencies in Nigeria.

Speaking to Cointelegraph, Otudor shared that while moral support has been overwhelming, his team is not ready to accept financial contributions until systems ensuring transparency are in place. This precaution aims to prevent any potential propaganda from adversaries that could undermine the cause.

A court session on Aug. 9 was primarily an introduction to the case. Otudor highlighted that the Nigerian government’s confusion regarding crypto assets and blockchain technology significantly motivated the lawsuit.

Crypto Analyst Says Top Ethereum Competitor To Plunge Lower Before Surging Higher, Updates Outlook on Bitcoin

Grayscale Launches 2 New Crypto Trusts Focused on AI and Scalable Blockchain Tech

August 7, 2024 Bitcoin.com

bitcoin.com

Grayscale Investments has announced the launch of two new cryptocurrency investment trusts—Grayscale Bittensor Trust and Grayscale Sui Trust. These new offerings aim to provide accredited investors with targeted exposure to the burgeoning fields of decentralized artificial intelligence (AI) and scalable blockchain technology. Grayscale Rolls Out Bittensor and Sui Trusts for Accredited Investors According to Grayscale, […]

Crypto Analyst Says Top Ethereum Competitor To Plunge Lower Before Surging Higher, Updates Outlook on Bitcoin

Blockchain reduces airline cargo costs by 7%, boosts efficiency

August 7, 2024 Coin Telegraph

airlines

Airlines were able to reduce communication errors by 90% thanks to the transparency of blockchain technology.

Airlines can save up to 7% in overall cargo handling operations using blockchain-based supply chain management solutions, which is another testament to the technology’s disruption potential.

Airlines saved 7% in cargo handling operations in a recent study conducted at Heathrow Airport by Aventus, a firm offering enterprise-grade blockchain-as-a-service solutions.

Beyond the 7% cost reduction, airlines also saw improved operational efficiency during the study, according to Alan Vey, the founder of Aventus.

Crypto Analyst Says Top Ethereum Competitor To Plunge Lower Before Surging Higher, Updates Outlook on Bitcoin

Bitcoin Network Faces Toughest Mining Difficulty Increase Since 2022

July 31, 2024 Bitcoin.com

Bitcoin

The Bitcoin network has recently experienced its most significant difficulty adjustment since October 2022, with a 10.5% increase driving the metric to a record 90.67 trillion. This heightened challenge, combined with falling bitcoin prices, is intensifying the strain on miners. Miners Struggle as Bitcoin Difficulty Reaches New Peak On Wednesday, at block height 854,784, Bitcoin’s […]

Crypto Analyst Says Top Ethereum Competitor To Plunge Lower Before Surging Higher, Updates Outlook on Bitcoin

Internet Computer Protocol promotes blockchain engagement in Africa

July 14, 2024 Coin Telegraph

blockchain technology

ICP’s DecaHack event highlighted the transformative potential of blockchain and the importance of nurturing talent in the sector.

Nigerian youths have been urged to actively engage with blockchain technology to enhance their global competitiveness.

Adedayo Adebajo, co-founder of ICP Hub Sahara — an official branch of the Internet Computer Protocol ecosystem — highlighted the importance of engaging with blockchain technology during the second DecaHack cohort held at the University of Ibadan (UI) in Oyo State. DecaHack is an ICP-run initiative that offers online blockchain boot camps, a hackathon and a stage pitch competition for prizes.

Adebajo highlighted that failing to embrace blockchain could have severe implications for the country’s future.

Crypto Analyst Says Top Ethereum Competitor To Plunge Lower Before Surging Higher, Updates Outlook on Bitcoin

July Slump for Bitcoin: What Historical Trends Reveal About Upcoming Months

July 7, 2024 Bitcoin.com

Bitcoin

Over the past 11 years, dating back to 2013, bitcoin has typically experienced positive performance in July, with five of those months seeing gains exceeding 16%. This year, however, July is shaping up to be negative. Historical data for August and September suggests a trend of underwhelming returns, potentially persisting until October, which is known […]

Crypto Analyst Says Top Ethereum Competitor To Plunge Lower Before Surging Higher, Updates Outlook on Bitcoin

Tether signs MoU to promote crypto freedom in Turkey

July 2, 2024 Coin Telegraph

asset tokenization

Stablecoin giant Tether is eager to learn about the possibilities of introducing new business lines into Turkey’s banking in cooperation with the local crypto firm BTguru.

Tether is increasing its presence in Turkey by partnering with a local cryptocurrency firm to promote industry knowledge.

The firm, issuer of the Tether (USDT) stablecoin, has signed a memorandum of understanding (MoU) with local crypto platform BTguru to evaluate digital asset-related educational initiatives in Turkey, it announced on July 2.

BTguru positions itself as a technology and strategy partner, specializing in virtual crypto assets “for primarily banks.”

Crypto Analyst Says Top Ethereum Competitor To Plunge Lower Before Surging Higher, Updates Outlook on Bitcoin

Tether halts USDT minting on EOS and Algorand

June 24, 2024 Coin Telegraph

Algorand

Tether discontinues support for the EOS and Algorand implementations of its flagship stablecoin USDT.

Stablecoin giant Tether is continuing to transform its flagship U.S. dollar-pegged stablecoin, USDT, by halting the issuance of new USDT on several more blockchains.

Tether will stop minting USDT on EOS and Algorand blockchain starting June 24, the firm officially announced on its blog on Monday.

Following the termination, Tether will continue to redeem USDT on EOS and Algorand "as usual" for the next 12 months. “Further changes may be evaluated and announced around that time,” the announcement notes.

blockchain technology

Share this video