The application-specific integrated circuit (ASIC) manufacturer Canaan has revealed the firm is offering a stock buyback for up to $100 million. Canaan’s chairman and CEO Nangeng Zhang highlighted in a U.S. Securities and Exchange Commission (SEC) filing that the move was due to issues with “recent international frictions” and “domestic quarantine measures for Covid-19 control.”…
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AVAX was once again higher on Thursday, rising for its fourth consecutive session, as it further cements itself in the crypto top ten. Although RUNE was also trading by as much as 15% higher, it was CAKE that led Thursday’s gainers. Pancakeswap (CAKE) Pancakeswap (CAKE) rose to its highest level in almost four weeks on…
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Kenyans are believed to have lost as much as $120 million to cryptocurrency scammers in the last financial year, a government official has said. The official, however, suggested the number of Kenyans losing funds this way can be reduced if the media helps by disseminating the right information. Media Told to Offer Guidance A Kenyan…
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After implementing the merge testnet Kiln, Ethereum is seemingly getting closer to transitioning to a full proof-of-stake (PoS) network. According to developers Kiln’s execution layer was initially launched leveraging proof-of-work (PoW) and since March 15, Kiln is running entirely under a proof-of-stake consensus algorithm. Ethereum’s Kiln Merge Testnet Goes Live Ethereum developers are making progress…
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Amid the West’s intensifying efforts to punish Russia’s authorities for their invasion of Ukraine, crypto exchanges are facing long-term damage to their industry if they decide to remain active in the Russian market, according to David Schwimmer, CEO of the London Stock Exchange Group…. Read More: Crypto Exchanges Facing ‘Fork in the Road’ Over…
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Popular non-fungible token (NFT) collection Bored Ape Yacht Club (BAYC) and Ethereum (ETH) wallet MetaMask have confirmed their respective plans for tokens and decentralized autonomous organizations (DAOs) in a bid to reward some early adopters…. Read More: Bored Ape Yacht Club and MetaMask Join the Altcoinization Bandwagon Read more »Pay, Trade, Buy Bitcoin with…
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But a near-perfect correlation between Avalanche and Bitcoin so far this year could spoil the bullish outlook. A sharp upside retracement in the Avalanche (AVAX) market this week has raised its possibilities to rise by another 100% in Q2. Avalanche chart painting a ‘bull flag’ The bullish outlook primarily appears in the wake of AVAX’s…
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United States Senators will hear testimony today on crypto and its role in the world of crime – but a former senior regulator has warned that politicians coming down too hard on the crypto sector risked throwing out the baby with the bathwater. The Senate’s Committee on Banking, Housing, and Urban Affairs meet today…
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Gold surpassing Bitcoin’s returns this year is “unlikely,” says Mike McGlone, while former BitMEX CEO Arthur Hayes predicts seismic changes for both assets in the coming years. Bitcoin “may be primed” for a quantum leap in its development thanks to inflation this year, a Bloomberg analyst has claimed. In a tweet on March 17, Mike…
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Bitcoin price gained pace above the USD 40,000 resistance and traded above USD 41,000, but there was no upside continuation. It is currently (11:43 UTC) consolidating gains near USD 40,700 and is almost unchanged in a day. Similarly, most major altcoins are showing positive signs. ETH traded above the USD 2,750 level, but it…
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