Author: Atis. Sh

Khabib Nurmagomedov is now part of the cryptocurrency world. Through an Instagram post, Nurmagomedov announced that he has become the ambassador of GMT Token. The UFC Superstar has described the GMT Token as “the most advanced token in the world”. Nurmagomedov further said kind words about Blockchain Technology, describing it as “much a breakthrough as the Internet.” Nurmagomedov: Bitcoin Will be the Main Payment System in the World He further said that Blockchain Technology and Bitcoin will replace financial institutions in the near future. “I believe that in the near future, blockchain and Bitcoin will replace the financial institutions we…

Binance, the crypto exchange giant has announced that its parachain slot auction will be held on Polkadot.  Binance confirmed via its blog the future endorsement of the Polkadot Parachain Slot Auction, which will take place in November 2021. Closer to the auction, further information for participants will be revealed. Polkadot is poised for the parachain launch, according to the project’s co-founder. The goal of parachains is to achieve complete interconnection between multiple Layer 1 networks that are developed for distinct reasons. Through the auction, the required amount of votes should be obtained by each chain in order to be part…

While SEC is adamant on calling Ripple out on the unreasonably demanding RFAs, Ripple insists that what is deliberated on those 5,000 pages of their application for SEC admission can actually shorten the time of trial because they are as reasonable as they are crucial to the following trial proceedings.  The Securities and Exchange Commission (SEC) is calling Ripple out on their questions to legal statements by deeming them completely unnecessary among other unflattering adjectives. The contentious XRP lawsuit has prompted Ripple to submit a 5,000-page request where they are demanding answers to almost 30,000 questions from the SEC.  In…

One of the leading capital firms working in the crypto space, Andreessen Horowtiz (A16z), is collaborating with two major Facebook engineers who were assigned to work on the Facebook Wallet crypto project.  CNBC made this public by releasing a report on the 11th of October, in which they claim that Riyaz Faizullabhoy and Nassim Eddequiouaq have left Facebook and joined A16z roughly two years after they began the works on the Facebook Wallet project known as Novi Digital Wallet. Eddequiouaq and Faizullabhoy will serve as a CIO and CTO at A16z’s cryptocurrency sector respectively. Faizullabhoy claimed that the reason behind…

The China Crackdown has forced an unprecedented quest for survival, and the crypto community has proven to be resilient in that challenge: will this crackdown be a positive force on DeFi? Dawn Fitzpatrick, Soros Fund Management Chief Executive Officer (CEO) and Chief Investment Officer has stated for a Bloomberg interview that Bitcoin (BTC) is mainstream at this point more than it is a hedge against inflation, and this is largely attributed to the Chinese government imposing sanctions and causing a crackdown on crypto.  While China has made it impossible for Bitcoin (BTC) miners to continue their operations, a mass movement…

Senator Cruz has foreseen that in a span of five years, Bitcoin (BTC) mining will be utilized to absorb the Texas power grid as well as unused renewable energy. The United States of America can find better use of flared natural gas in allocating it to mine Bitcoin (BTC) is what Senator Ted Cruz believes.  Senator Cruz had an opportunity to elaborate on his idea while speaking at the October 8 Texas Blockchain Summit. The Senator argued that the extraction of oil and gas can be commercialized for Bitcoin (BTC) mining, as an alternative to squandering it, thus supporting the…

Cryptocurrencies have become one of the most important investments of the 21st century. As the market continues to grow at large rates, some cryptocurrencies have established themselves as the greatest assets so far. Behind Bitcoin (BTC) and Ethereum (ETH), which have solidified their places as the two most important cryptocurrencies, Cardano (ADA) comes next.  Cardano is a Proof-of-Stake (PoS) cryptocurrency, where users have a chance to stake their ADA tokens and create huge profits once the staking period is over. Such a mechanism has proved to be more efficient than Proof-of-Work (PoW), especially in the environmental aspect. Cardano is one…

Chairman and CEO of Immutable Holdings, the blockchain portfolio provider Jordan Fried has estimated that when all coins are mined, Bitcoin (BTC) could very well reach $1 Million.  Fried revealed in an interview for Kitco News that Bitcoin (BTC) is gold 2.0 at this point, and its rise will constitute exceeding the cap of gold twofold, possibly even more.  Fried’s full statement entails the following: “Bitcoin is “gold 2.0” and will one day surpass gold’s market value of around $10 trillion. In fact, given that it is the next generation of gold, Bitcoin will likely double gold’s market value and…

Binance has finally introduced its newest CEO after the sudden resignation of former CEO Brian Brooks.  Binance.US confirmed the introduction of Brian Shroder as its new Chief Executive Officer (CEO) after the abrupt and contentious departure of its former CEO Brian Brooks. Shroder had already been a member of the Binance.US team as the former President, according to the crypto exchange platform’s community statement. The responsibilities of Shroder in his previous position included financing, corporate and business development, strategy and execution, HR, legal department, and product and technology departments as well.  In light of the structural changes in Binance, Eric…

Cardano seems ready to break out as it has incurred more than a 10% increase. Buying pressure and solid fundamentals may just kick Cardano off the consolidation period as the altcoin heads for new highs.  After breaking a significant resistance barrier, Cardano appears to be prepared for a breakout. Investors are already coming back to the market due to the new cooperation with Elrond. Cardano’s decentralized stablecoin hub has the intention of making EGLD amid the pioneering cross-chain assets that will collateralize stablecoins through the linkage of the two ecosystems. The purpose is to enable cross-chain smart contract capability and…