CryptoSlate Wrapped Daily: Binance to set up blockchain team for Twitter after $500M investment; Terra collapse sparked BTC supply growth

The biggest news in the cryptoverse for October 28 includes Binance making a $500 million contribution to Elon Musk’s Twitter deal, Ethereum outperforming other Layer-1 networks, deBridge introducing a new standard for cross-chain transfers, and Wisdom Tree recording a loss of about 36% in crypto assets in the third quarter.

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Terra collapse sparked explosive growth in long-term Bitcoin supply

The Terra collapse, in which $60 billion of value evaporated, has already gone down as a defining moment in cryptocurrency history. The post Terra collapse sparked explosive growth in long-term Bitcoin supply appeared first on CryptoSlate.

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Algorand records growth in on-chain activity. Here is what it needs to become bullish

The FIFA World Cup is fast approaching. The Algorand token (ALGO/USD) will likely be in the limelight as the platform is the official blockchain partner of the global event. Aside from increased publicity, Algorand will supply FIFA with blockchain-enabled wallet solutions.

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Ethereum Post-Merge Update: Where have the miner rewards gone?

Analysis on PoS Ethereum’s supply growth and yields for ETH stakers

The post Ethereum Post-Merge Update: Where have the miner rewards gone? appeared first on CryptoSlate.

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Polygon can see volatile price move in near term- here's why

Polygon network continues to see impressive growth within its ecosystem. Just a day ago, the Polygon contract address released 13.87% of the total supply to the foundation contract address. FollowiThe post Polygon can see volatile price move in near term- here's why appeared first on AMBCrypto.

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Stablecoin Supply Near $200 Billion, Faster Growth Than Rest of Crypto

Stablecoin supply shows significant growth during the year. The market cap of the top stablecoins is roughly $181 billion, over 11% of the total crypto market, which is now at $1,6 trillion after shedding over $140 billion in the past two days over geopolitical concerns.

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USDC supply surpasses USDT on Ethereum

The stablecoin market has seen explosive growth over the past years.

The post USDC supply surpasses USDT on Ethereum appeared first on CryptoSlate.

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Shiba Inu Whales Hold 26% of Supply as Net Flow Rises by 176%

SHIB rally slows down while net flow growth totals 176% and whales stop at owning 26% of token's supply

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Growth Of Bitcoin ETFs & Other Instruments Doesn’t Support Supply Shock Narrative

Data shows while the Bitcoin supply present on exchanges has been trending down, growth in other investment vehicles like ETFs and WBTC has been making up for this drop. Bitcoin Exchange Reserves Decline, But ETF And Other Instruments Enjoy Growth As per the latest report from Arcane Research, BTC exchange reserves have seen significant decline this year, but the growth in newer investment instruments like ETFs has made up for it.

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Stablecoin Supply Rose By Over 300% In 2021 – Here’s What Drives Their Meteoric Growth

As the general cryptocurrency ecosystem grew, stablecoins tapped into the spurt to expand by over 300% in the year. The growth of stablecoins in the calendar year is intricately tied to the general popularity of cryptocurrencies, Tether’s USDT and Circle’s USDC are the largest stablecoins in the market with a combined market capitalization of $118 […]

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Supply chain woes and the growth of Web 3.0 back OriginTrail’s fresh ATH

A decentralized focus on supply chain logistics and the growing popularity of Web 3.0 applications back TRAC’s move to a new all-time high.

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MakerDAO (MKR) hits a new milestone — DAI’s total supply increases by 46 times

MakerDAO (MKR/USD) is one of the oldest DeFi projects that has been around for years now. However, it has never seen as much growth as it did in the past year, during the DeFi sector’s explosion that started in 2020, and is still going at full strength.

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Ethereum, China, and how they played a part in Tether's flattened supply

Every sector within the digital asset industry saw significant growth in 2021. This included developments in DeFi, Bitcoin's new ATH levels, and the growth of pre-existing projects such as Cardano andThe post Ethereum, China, and how they played a part in Tether's flattened supply appeared first on AMBCrypto.

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Messari Report: USDC Is The Most Dominant Ethereum-Backed Stablecoin

The growth of USDC in 2021 is more tremendous than that of Tether. The Ethereum-based USDC stablecoin is gaining immense traction as the experts deem it as the most dominant asset. In coming weeks it is very likely USDT’s share of the stablecoin supply on Ethereum will fall below 50% for the first time. USDC […]

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What Can You Buy With Bitcoin in 2021?

Lampshades, puppies and luxury sports cars are just a few of the available goods and services people can purchase with cryptocurrency. Bitcoin has increased in price to over 55,000 USD. Recognizing its growth potential, large companies like Walmart have begun implementing blockchain technology to improve their supply chain.

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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.

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Tether Surpasses $50 Billion Market Cap Milestone

This is also representative of the overall growth of stablecoins. In the past 30 days alone stablecoins, including Tether, have risen in value by almost 30%, from $61 billion to $78 billion. Tether growth on TRON In another sign of Tether’s growth, it has now surpassed Ethereum in terms of supply on the TRON blockchain.

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USDC v. USDT: Could a 'flippening' be coming soon?

There seems to be no stopping the growth in the supply of stablecoins, but Coinbase-backed USDC, in particular, has reported massive gains this year to become the second-most used stablecoin in the maThe post USDC v.

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Glassnode Co-founder Believes the Illiquid BTC Supply Growth Is Bullish

Glassnode co-founder and on-chain analyst Rafael Schultze-Kraft considers this is a bullish sign ahead of Bitcoin. On the Verge of BTC Consolidation? Currently, there are more than 14,5 million BTC termed to be illiquid, according to glassnode.

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Bitcoin: Will its price correspond to the hike in exchange-traded volumes?

Bitcoin's growth story this season has been fueled by low Bitcoin supply on exchanges and high stablecoin supply. Historically, these two factors have been a recipe for a price rally. With Bitcoin's eThe post Bitcoin: Will its price correspond to the hike in exchange-traded volumes? appeared first on AMBCrypto.

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Will CBDCs replace stablecoins?

The growth of stablecoins within the crypto industry has surged in the past year, with the total supply reaching $31.7 billion at the time of writing. Source: The Block Most of the growth has bThe post Will CBDCs replace stablecoins? appeared first on AMBCrypto.

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Cypriot Hospital Tracks Covid-19 Vaccination Records With VeChain

With all the growth in Bitcoin, Ethereum, and other ‘mainstream’ cryptocurrencies, other useful blockchain applications are being overlooked. One of those may be VeChain, a decentralized supply chain management platform.

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Stablecoin Supply Breaks Above $10B, Analysts Mati Greenspan and Adam Back Share Their Views

The insane growth of the stablecoin net supply is one of the main trends in crypto in 2020. Traders and analysts are guessing what it means

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Bullish for Bitcoin: Federal Reserve branch researches “controlled rise of inflation”

On Monday, the latest Bitcoin block reward halving finally arrived, decreasing the inflation rate of the BTC monetary base by 50 percent to ~1. 6 percent — under the target inflation rate of fiat currencies and under the growth of the above-ground supply of gold.

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Square’s Cash App & Grayscale Combined Consume Over 50% of Bitcoin’s Daily Supply

This is a whopping 367% increase over the same quarter last year at $66 million. Revenue from bitcoin now accounts for 57% of Cash App’s total reported revenue, up from 47% in 2019. Bitcoin revenue generated a gross profit of $7 million, benefitting from “an increase in transacting active bitcoin customers and growth in customer […]

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Is stablecoin growth accelerating call for hyperbitcoinization in the market?

The 12 March market crash resulted in stablecoins surging, both in terms of supply and market share. The world's largest stablecoin by market cap, Tether (USDT), has maintained its 4th position on CoiThe post Is stablecoin growth accelerating call for hyperbitcoinization in the market? appeared first on AMBCrypto.

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For Bitcoin's growth, how important is its speculatory phase?

Bitcoin, in over a month's time, will undergo its third block reward halving. With over 18 million BTC already mined and a hard cap of 21 million, Bitcoin's fixed supply is expected to positively inflThe post For Bitcoin's growth, how important is its speculatory phase? appeared first on AMBCrypto.

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Will Coronavirus Impact Industrial Metals Markets?

Prices for industrial metals from aluminum to steel to copper have been stable despite slowing global growth, the coronavirus, and abundant supply.

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Binance to Burn Over $2.5 Billion of Its BNB Stash. Guess Who Benefits?

Binance yesterday completed its eighth quarterly "burn" of BNB. With this move, the exchange follows its commitment to reduce the total token supply periodically. However, along with the obligatory token burn, Binance CEO Changpeng "CZ" Zhao announced that his company would relinquish its entire BNB allocation as part of its efforts to promote the growth […] The post Binance to Burn Over $2.

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Bithoven.com Invades Crypto Market with Margin Trading Service

Driven by accelerating its growth, developing more new products and expanding into new markets, Bithoven. com, one of the cutting-edge and fastest-growing cryptocurrency trading platforms, has reported on the successful launch of a Margin Trading functionality on its website.

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Ethereum: Proposed ETH Inflation Rate is Lower Than That of Post-Halving Bitcoin

Ethereum Inflation Rate Could Plummet (And That’s Good) OK, let’s set the record straight: cryptocurrencies, be it Bitcoin, Ethereum, or otherwise, often sport inflation rates. Save for some select cryptocurrencies, the growth of Bitcoin’s supply.

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Cuba’s government is considering using cryptocurrency to bypass US sanctions

Cuba‘s government is eyeing the potential use of cryptocurrency to boost its economy. The proposal forms part of a series of measures seeking to improve the country’s deepening criss exacerbated by US sanctions.

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Fast Bitcoin Price Growth Is to Face ‘Supply Shock’, Says VC

As the quickly rising Bitcoin price keeps intriguing traders and investors, a venture capitalist warns that a Bitcoin ‘supply shock’ is ahead

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Op Ed: Debunking Bitcoin Myths: ‘It’s a Ponzi Scheme’

The accusation that bitcoin is nothing more than a Ponzi scheme is perhaps the oldest, longest-standing criticism of the digital bearer asset. The basic idea is that there is nothing of value here and the entire purpose of bitcoin’s existence is to enrich Satoshi Nakamoto and the speculators who bought in for a few pennies or dollars in the early days by tricking others into buying in at a higher price.

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Bitcoin Price Analysis: Bitcoin Could See Continued Growth if Support Holds

Summary:Bitcoin is currently perched between a well-defined band of prices outlined on both the weekly and monthly timeframes. As we float between the weekly/monthly horizontals, volume is beginning to diminish on both the supply and the demand sides.

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Oil Field Alchemy: How Bitcoin Can Turn Waste, Emissions into Proof-of-Work

In a handful of oil fields in the Great White North, natural gas, an otherwise wasted drilling by-product, is being put to work. But it’s not being used to well more oil; it’s being used to mine bitcoin.

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BOW ICO

BOW APP is a Blockchain application that ensures the traceability of luxury products for individuals. The BOW SOFTWARE is a B2B platform for luxury brands specialized in the management of the supply chain.

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Bitcoin (BTC) Skyrocketing Against Argentine Peso as Top Cryptocurrency’s Inflation Model Prevails

Bitcoin continues to leave fiat currencies behind in the dust. Record-high inflation, a weakening currency, and slowing growth are beating Argentina like many other countries. This is where a peer-to-peer network of Bitcoin presents an alternative that is in limited supply and is deflationary.

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Tether Supply Hits Record High – Here’s What Bitcoin Did Last Time This Happened

Bitcoin price has room for immediate 12 percent growth, according to the latest figures showing current availability of major stablecoin Tether (USDT). USDT Printing Peaks Bitcoin price after correcting from its 2019 high of $5620 earlier this week, currently trades just under $5500.

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JD.com says putting chickens on the blockchain was great for business

China’s popular online retailer JD. com says sales of free-range chickens have doubled in the past two years, and blockchain technology has played a key role. Its initiative for putting chickens on the blockchain, called “Running Chicken,” sees professional breeders hired by JD.

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Saudi Arabia Won’t Bow to Trump’s ‘Crude’ Jabs Until After Aramco IPO

Donald Trump has been doing his best to wage war on the rising oil price, but the president is struggling with the fact that strong US growth is a natural boost to crude. However, there is another thorn in his side – Saudi Arabia-led OPEC, who have been keen to limit supply.

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These Investors Are Betting Big on the Future of Blockchain Gaming

Supply chain, trade finance and digital identity have all been touted as potential “killer apps” for blockchain. Blockchain solutions in each of these areas continue to attract significant investment.

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Levblockchain ICO

Our Organization Levblockchain LVE, will help many new, young, passionate people who are trying to work on new technology projects, blockchain projects and products. Many of Greek Developers abandoning because of the country’s educational erroneous infrastructure and frozen economic growth.

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Blockchain Could Soon Be Used to Trace Organic Cotton Thanks to Bext360 Agricultural Project

The increase in interest in organic materials in fashion is growing, and the global market for just organic cotton alone has risen to $15 billion. The growth in production has grown in the double digits each year, but companies are having a hard time keeping up with the demand from consumers. The current supply chain […]

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New Diar Report Reveals Bitcoin Retail Investor Holdings Continue Incremental Growth

According to a recent report released by Diar, on-chain data for Bitcoin addresses shows that retail investors remain bullish about virtual currencies. Addresses holding between 1 and 10 Bitcoins represent 10% of the total circulating supply of Bitcoin.

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NeuralTrade Network ICO

Most people are desperately seeking financial freedom in their life. Sadly financial freedom remains a dream to them or an elusive theory that forever escapes them. The biggest problem around financial freedom is some magic formula or some secret success model that they believe exists, they spend an endless amount of time, effort and even resources in obtaining this magic formula or the secret success model.

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“We Did This With Gold”: Could VanEck Be Bitcoin’s Best Bet for an ETF?

Gabor Gurbacs is confident that the approval of a bitcoin exchange traded fund (ETF) is inevitable. And he’s optimistic that the VanEck SolidX Bitcoin Strategy will be the first to deliver one to the world.

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Revolutions and Counter Revolutions: Andreas Antonopoulos Reflects on 10 Years of Bitcoin

As Bitcoin approaches its 10th anniversary, its community, old and new, has begun taking stock of how a decade has come to alter or define the cryptocurrency — and what Bitcoin has done to alter or define the decade.

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Blockchain Market in Supply Chain Industry Will Grow at 78.39% Between 2019-2023

One of the most prolific applications of blockchain is expected to be in the supply chain industry. A new research report from Technavio now suggests that blockchains in the supply chain industry will grow at a combined annual growth rate of 78.

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Op Ed: In Defense of Bitcoin: A Response to Nouriel Roubini

Rhetorical style should never distract from the content of someone’s arguments. So when I heard that Nouriel Roubini testified to the U. S. Senate Committee on Banking, Housing, and Urban Affairs on the cryptocurrency and blockchain ecosystem, I decided to peruse his testimony and reflect on it.

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