Minerals giant Norilsk Nickel joins Responsible Sourcing Blockchain Network

The world’s largest producer of palladium and high-grade nickel is joining a multi-stakeholder initiative that uses blockchain technology. "Mining" may be most frequently used in the crypto industry to refer to the process by which digital currencies are collectively generated — but there are contexts in which firms are adopting blockchain infrastructure to manage the most physical of mining supply chains. The Russian company Norilsk Nickel — the world’s largest producer of palladium and high-grade nickel and a large producer of platinum and copper — has joined an initiative called the Responsible Sourcing Blockchain Network, according to an announcement published on Jan.

10% Daily Drop of ETH Stored on Exchanges Sees Bulls Regrouping for a New Push

Is ETH's price primed for a significant price surge similar to bitcoin? The rapidly decreasing liquid supply on exchanges suggests so.

Gnosis receives $2.3B Ethereum in a day, now 3rd largest ETH holder with 2.2% of supply

The Gnosis safe now contains the third-largest concentration of Ether, according to Etherscan, holding 2.2% of the coin supply — worth $2.9 billion.

eToro Sees More Bitcoin Demands Than Supply, Set To Ration Bitcoin Sales

eToro has noted that it has more demand for Bitcoin (BTC) than its current supply can support and the possibility of rationing sales is high (Read More)

On-Air Screw-Up: Fox Business Correspondent Claims Entire Bitcoin Supply Is Lost

Bitcoin is the talk of mainstream media, Wall Street, business, and more.

US Navy awards $1.5M jet fighter contract to blockchain project

SIMBA Chain has been tapped to beef up the supply chain of the United States Navy after receiving a $1.5 million research grant.

Cardano becomes the biggest staking network, 69% of its circulating supply staked

Cardano has been an extremely important project in the cryptocurrency ecosystem in the past few years and IOHK has been in the process to expand Cardano's ecosystem and make it more self-sufficient.

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 b The post Will CBDCs replace stablecoins? appeared first on AMBCrypto.

$300 million staked in ETH 2.0 is the 'ultimate bet on progress' says Buterin

As 2% of all ETH supply is now in the ETH 2.0 deposit contract, the total value staked is around 2.2 million $ETH. Source: Crypto Quant This shows immense confidence on part of the Ethereum com The post $300 million staked in ETH 2.0 is the 'ultimate bet on progress' says Buterin appeared first on AMBCrypto.

Here's Why Bitcoin's Price is Rallying So Strongly

Institutional investors, a supply crisis, and retail FOMO are all driving Bitcoin’s price to unprecedented highs.

2% of Ethereum Supply Is Now Staked in ETH 2.0 Deposit Contract

Amid the notable uptrend it experienced in recent weeks, 2% of Ethereum's total supply is now staked in ETH 2.0 deposit contract.

Data says only 22% of Bitcoin supply left in circulation as BTC rally 'far from done'

Roughly three-quarters of the 18.6 million BTC mined to date is not up for sale or even moving anywhere, Glassnode calculates. Bitcoin (BTC) investors are quickly storing most of the available coins away and they are not for sale, new data at the start of 2021 reveals. Statistics from on-chain analytics resource Glassnode originally released on Dec.

The Reported Number of Stolen BTC Drops by 92% as ‘Bitcoin Security Appears to Be Improving’

The number of stolen bitcoins that were publicly reported in 2020 dropped to 4,472 coins or 0.02% of the digital asset’s circulating supply.

Are 'illiquid Bitcoins' no longer a concern?

The circulating supply of Bitcoin, at press time, was 18,591,375 ~ 18.6 million.

Blockchain Bites: JPMorgan’s $146K BTC Target, Crypto Responds to US Treasury’s Proposed Wallet Rule

PLUS: The OCC's green light for banks to use stablecoins, Brazil's booming crypto sector and the bitcoin mining machine supply crunch.

BTC cracks $30K, supply squeeze worsens, XRP implodes: Hodler’s Digest, Dec. 27–Jan. 2

The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — one week on Cointelegraph in one link! Coming every Saturday, Hodlers Digest will help you track every single important news story that happened this week.

Ethereum active supply hits 5-year low

The Ethereum [ETH] market has been seeing increased momentum that has been driving the price of the cryptocurrency in the past few months.

Data Shows 78% of the Circulating Bitcoin Supply Is Illiquid, Only 4.2M BTC in Constant Circulation

Onchain statistics show 78% of the circulating bitcoin supply is illiquid and barely accessible according to Glassnode research.

Bitcoin supply squeeze heats up as Grayscale buys nearly 3x the BTC mined in December

Grayscale brings its total assets under management above $20 billion in time for the start of 2021 as BTC demand intensifies. Institutional crypto investment giant Grayscale now has $20 billion under its control as its Bitcoin (BTC) buys outstrip production by almost three to one. As noted by data analysis resource Coin98 Analytics on Jan.

Bitcoin's liquidity crisis? Why it's getting harder to buy Bitcoin

New research indicates 78% of the circulating Bitcoin supply, which is 14.5 million BTC, as being illiquid.

78% of the Circulating Bitcoin Supply is Illiquid, a Clear Bullish Indicator as BTC is Being Hoarded

78% of the circulating Bitcoin supply is illiquid, and Glassnode noted that this is an indicator of bullish investor sentiment.

Hacker Successfully Cracks DeFi Platform, Prints 40 Quintillion Coins Before Returning Funds

A hacker successfully cracks decentralized finance (DeFi) platform Cover Protocol en route to printing 40 quintillion COVER tokens and decimating the supply.

Bringing carbon emissions reporting into the new age via blockchain

Blockchain can bring transparency and traceability to mining and metal supply chains, although data challenges may hamper successful use cases. Blockchain for supply chain management is one of the most practical business applications for large, multi-party sectors seeking trust and transparency across daily operations.

Bitcoin is a 'Ponzi' With Infinite Supply - Skeptics Chime In

Bitcoin (BTC) is rallying, but that doesn't stop its critics from, well, criticizing it.

Mark Cuban Says Publicly-Traded Companies Should Learn a Lesson From Bitcoin

Bitcoin’s fixed supply of a maximum of 21 million coins over its lifetime should serve as an example to listed companies, Dallas Mavericks’ owner Mark Cuban says.

Cover Protocol suffers infinite minting attack, price tanks 97%

Cover, the peer-to-peer coverage market, is the latest DeFi project to suffer an attack. A suspected hacker has exploited the Cover staking protocol, inflating the token supply by printing over 40 quintillion "coins" However, in a surprising move, the suspected attacker returned the funds with a note saying: "Next time, take care of your own shit." Cover Attacker Mints 40 quintillion tokens.

Ethereum Price Hits 37-Month High on Strained Supply Rate

Ethereum prices rose Monday as its on-chain fundamentals confirmed supply constraints across all the leading exchanges against rising demand.

Ethereum Surges Past $700 for the First Time since 2018, ETH Supply on Exchanges Diminishes

New data by Santiment reveals that the current ETH price rally has not been witnessed since May 19, 2018 as supply on exchanges sink to a 1.5-year low.

Top 5 cryptocurrencies to watch this week: BTC, LTC, BCH, XMR, THETA

If Bitcoin seeing a minor correction or consolidation in the next few days could benefit select altcoins. The supply and demand equation determines the price of an asset.

DeFi trader scores over $20 million in 1INCH token Christmas airdrop

One serial DeFi user now controls around 11% of 1INCH token supply following the exchange's governance token distribution event. On Christmas day, decentralized exchange aggregator service 1inch has released its governance and utility token.

Crypto Giant Grayscale Buys 12,320 Bitcoin in One Day, 13X Rate of New Daily Supply Entering Market

Digital assets manager Grayscale just added more than 10,000 Bitcoin to its portfolio in a single day, bringing the total number of BTC it holds to nearly 600,000.

$500M in Bitcoin leaves Coinbase as institutions buy more than miners sell

Big money is still scooping up the available Bitcoin supply despite short-term bearish signals, data shows. Bitcoin (BTC) saw fresh rejection at $24,000 overnight on Dec.

PayPal Users Are Now Buying 100% of New Bitcoin Supply, Says Pantera Capital CEO

The crypto investment firm and hedge fund Pantera Capital says new numbers indicate PayPal is now buying 100% of all new Bitcoin entering the market.

Bitcoin Demand is Booming; Bitcoin Supply is Shrinking

While big investors are buying up large stashes of Bitcoin, there’s less sitting on exchanges.

Chainlink's Supply on Exchanges at a New Low Since 2017, Confidence in LINK Price to Surge is High

Chainlink’s percent of supply sitting on exchanges has seen a new low, with the lowest supply amount on exchanges seen since its ICO in September 2017 (Read More)

Bitcoin's limited supply doesn't really matter to one markets commentator

Dennis Gartman is still not convinced that Bitcoin won't go to zero.

Bitcoin’s Supply Liquidity Crisis is Extremely Bullish For BTC Price, Says Glassnode CTO

Even after recently charting a new ATH, Glassnode's CTO outlined several reasons suggesting that BTC is in an 'extremely bullish' liquidity crisis.

On-Chain Analyst Says Bitcoin Supply Crisis Highly Underrated and Extremely Bullish

On-chain analyst and chief technology officer at Glassnode, Rafael Schultze-Kraft, says investors are underestimating just how much demand for Bitcoin is outstripping supply.

Bitcoin’s Liquidity is Vanishing From Exchanges and Supply Crisis is Near, Bullish for BTC Price

Bitcoin ultimately has a total supply of 21 million coins, some of which has not been mined yet; considering lost coins, the actual supply is way fewer.

What the drop in Tether's supply means for Bitcoin's price

Tether’s market capitalization has mushroomed from $2 billion in February 2019 to $20 billion, at the time of writing.

Binance May Soon Torch Supply of Crypto Asset BNB in ‘Accelerated Burn’

The global cryptocurrency exchange Binance may soon torch more of its own utility token, Binance Coin (BNB).

Should you expect a Bitcoin supply shock?

With Bitcoin trading above $23,000 emerging to become the new normal, institutions and Bitcoin whales are driving price discovery into previously unchartered territories on the price charts.

Billionaire Mark Cuban Says Bitcoin Demand Outstripping Supply, Affirms Top Crypto Is Store of Value

Billionaire entrepreneur Mark Cuban, who has long been a prominent crypto critic, says he believes Bitcoin can store wealth.

Two Rubygems Infected With Crypto-Stealing Feature Malware Spotted by Researchers

New infected Rubygems packages have been spotted in its open-source software repository and which contained malicious code mainly used to steal cryptocurrencies from users via supply chain attack.

Bitcoin Addresses Holding $1 Million Goes ‘Parabolic,’ 10% of BTC Supply Sits Idle for 10 Years

While bitcoin trades above the $20k handle, onchain data shows that the number of bitcoin addresses holding at least $1 million has climbed substantially increasing by more than 150%.

10% of Bitcoin's Supply Hasn't Moved for 10 Years

More than 1.85 million Bitcoin has played dead over the last decade—will any of it move again?

Tornado.Cash launches new governance token $TORN

Tornado.Cash announced the launch of a new governance proposal wherein users will gain governance rights through the TORN Token. The Torn token is an ERC-20 compatible token with a fixed supply tha The post Tornado.Cash launches new governance token $TORN appeared first on AMBCrypto.

Ethereum’s Supply on Exchanges Remained Low During the Crypto Rally—What this Indicator Means for ETH

ETH’s strong surge continued and rallied above $660, however, the cryptocurrency faced a slight correction and is now trading below $650.

Urgent plea to prevent auction of $1.6B Bitcoin seized from Silk Road hacker

Pierre Rochard has made an “urgent” plea to lawmakers to instead create a strategic Bitcoin reserve and fill it with BTC seized by law enforcement. Bitcoin influencer Pierre Rochard has called on lawmakers to prevent more than $1.6 billion worth of seized Bitcoin from being auctioned, proposing instead that confiscated coins be put into a strategic BTC reserve. Rochard, a Bitcoin maximalist behind the recent controversy over ETH’s total supply, wants legislators to draft and pass a bill containing amendments to the Judiciary Act of 1789 that would allow the US Marshals Service to hold onto any Bitcoin it received. In a blog post published on Dec.

Mati Greenspan Shocked by Ripple’s XRP Token’s Circulating Supply Up by 26% this Year

Mati Greenspan, the founder of analytics firm Quantum Economics expressed his disbelief that the circulating supply of Ripple’s XRP token has increased by 26% this year.

Don’t think Bitcoin’s supply is finite? You probably don’t understand the tech

A research firm’s head recently claimed Bitcoin’s capped supply could be changed. Bitcoin’s (BTC) price rise has brought all sorts of comments out of the woodwork.

LPNT’s Strategy For Increasing LPN TOKEN’s Utilization, Circulation, Demand and Supply

PRESS RELEASE. Forex trading is the world’s largest decentralized liquidity market.

21M Bitcoin and the Promise of Scarcity

In Bitcoin, the promise of a limited supply is great.

How DeFi Token CLEVER and Its Zero Initial Supply Guarantees ROI

The upcoming launch of the CLEVER DeFi protocol and the CLVA token marks the world’s first guaranteed interest model, built on an innovative fundamental foundation that is unlike anything else in the blockchain or crypto space.

Paypal’s Stock Soars to All Time High as Demand for BTC on the Platform Now More Than Supply of New Coins

E-commerce giant Paypal’s stock price surged to a new all-time high of $223.16 on Monday, December 14.

WEF tests tracking carbon emissions with blockchain technology

A new proof of concept shows how blockchain increases value across the supply chain. The World Economic Forum is progressing with its blockchain-based project tracking of greenhouse gas emissions. According to a Dec.

WEF Launches Blockchain Proof of Concept to Track Supply Chain Greenhouse Gas Emissions

The World Economic Forum’s Mining and Metals Blockchain Initiative has launched a unique proof of concept to track greenhouse gas emissions across the value chain.

Explanation of strategy for growing LPN TOKEN's utilization, circulation, demand and supply

LPN TOKEN leads the global forex and luxury transportation industry.

Polkastarter launches initial DEX offerings with fixed price tokens

Fixed Swap Pools will maintain the token price throughout the sale until the initial supply is bought. Polkastarter, a decentralized exchange on the Polkadot platform, is launching a mechanism for crowdfunding, with several projects lined up to offer token sales through the platform. Through a so-called “Fixed Swap Pool”, projects can list their tokens and set up a pool with a fixed per-token purchase rate. The product will go live on Dec.

Covesting Reveals Surprise COV Token Burn To Celebrate Utility Implementation Launch

The text below is an advertorial article that was not written by Cryptonews.com journalists. To the joy of early adopters of the COV token, and to celebrate the launch of the token’s utility implementation within the Covesting copy trading module on PrimeXBT, the company surprised the community with a previously unannounced token burn. Token burns reduce the supply of cryptocurrencies, making

Blockchain-powered Bordeaux? IBM announces wine supply chain tracing system

"The future of the wine industry lies in verifiable provenance, transparency and traceability." An IBM blockchain-powered platform is now offering a way for people to track wine from its vineyard origins all the way to your local store shelf. In an announcement today, IBM said it has partnered with wine monitoring firm eProvenance to release the VinAssure platform.

‘Gold Is Rare but Not Too Rare’ – Bitcoin’s Supply Limit Hinders Usefulness, Says Steve Forbes

The American publishing executive, Steve Forbes, recently published a video concerning his thoughts on bitcoin and told viewers that the popular crypto asset is “not yet” the new gold.

Algorithmic stablecoin project Neutrino launches staking for its governance token

The Waves-backed project will share a portion of protocol fees with NSBT holders. The Neutrino Protocol, a project building algorithmic cross-platform stablecoins, announced Tuesday the launch of staking rewards for its governance and utility token, NSBT. Neutrino uses an innovative mix of collateral backing and algorithmic supply changes to create a wide range of fiat-pegged stablecoins.

Fashion Brand Desigual Turns to Blockchain Tech for Supply Chain Visibility

The Barcelona-based fashion brand is to start tracing its supply chains on a blockchain platform from Finboot.

The Supply of Chainlink Owned by Whales is on the Decline; Here’s Why

Chainlink’s price is sliding lower today as the entire crypto market shows some signs of weakness.

Singapore's blockchain industry cites supply chain management as biggest DLT use case

Survey results suggest “blockchains thrive when being used for multiple integrated applications.” Singapore’s burgeoning blockchain industry has identified asset tracking and traceability as the top use case for distributed ledger technology, underscoring the need for better supply chain management in a post-pandemic world. The findings were presented Monday in the "2020 Singapore Blockchain Ecosystem Report" by PwC in collaboration with OpenNodes, IBM, Ernst & Young and others. Th

10% of Bitcoin’s Supply Moved At a Price Above $18K: 5 Times More Than in 2017

Data from Glassnode reveals that the amount of bitcoin moved at a price above $18,000 now is five times greater than what it was back in 2017.

How Bitcoin's active supply hit both an ATH and an ATL

Bitcoin, at the time of writing, was trading well above $19,000 on the charts.

The butterfly effect: Why DeFi will force BTC to break its 21M supply ceiling

As DeFi continues to grow and flourish, BTC will eventually be forced to break its 21-million supply limit to remain sustainable and relevant. 2020 was unequivocally the year of decentralized finance.

Bitcoin’s Rise Causes Shortage of Mining Rigs, Most Units Sold Out, Miners Concerned About Supply

While the bitcoin economy has swelled in value, the overall network hashrate has gradually climbed higher as miners are making a lot of money confirming blocks.

Bitcoin whales selling to institutions as Grayscale adds 7,188 BTC in 24 hours

A huge sell wall at $20,000 may see a major transfer of wealth from whales to institutions based on current data. Bitcoin (BTC) whales appear to be selling to institutions as the supply squeeze heightens below $20,000. Data from various sources shows that while more BTC returned to exchanges this week, largescale buyers are still creating more demand than supply can meet. Exchange inflows and Grayscale buy-ins Statistics from on-chain analytics service Coin98 confirmed that investment giant Grayscale bought twice as much Bitcoin as miners could create in November.

$3.6 billion worth of Bitcoin coaxed from long-term storage by November rally

Amid November’s 42% Bitcoin rally, roughly 185,600 BTC that hadn't moved in at least 12 months was transferred on-chain. The November BTC rally to test all-time price highs saw more than 1% of Bitcoin’s supply move out of long-term storage. According to Unchained Capital’s ‘hodlwaves’ metric, which measures the time since Bitcoin has moved on-chain, roughly 15% of the Bitcoin that had not been moved for five and seven years as of Nov.

Ripple CTO says community could force the company to burn 48 billion XRP

Ripple could be forced to burn its entire XRP holdings if the community votes for it, the company’s CTO David Schwartz has confirmed. Ripple chief technology officer David Schwartz has admitted the company could be forced by validators to burn its 48 billion XRP tokens, regardless of if it agrees with the decision or not. The company currently holds half the total XRP supply and has come under fire from the community for selling off tokens in the past, although it resolutely refuted claims of price manipulation and has stopped the practice in recent times. In a Twitter thread, Schwartz confirmed that the community could vote for Ripple to burn their entire supply of XRP tokens, stating that the blockchain is “very democratic.” “There would be nothing Ripple could do to stop that from happening.” XRP Ledger amendments require an 80% approval rating from the ledger’s validators and are activated if they stay above that threshold for two weeks.

Why New Bitcoin Investors Shouldn’t Be Deterred By The Scarce BTC Supply

Bitcoin has recently caught fire with institutions, corporations, and hedge funds in 2020, as a defensive strategy to protect wealth against the non-stop money printing press that was turned on after Black Thursday.

Tether's market cap is growing at a near-record pace

The market cap of USDT swelled by 1 billion over nine days. The market cap of Tether (USDT), a US dollar-pegged stablecoin, has surged in recent weeks, potentially helping to fuel the recent Bitcoin (BTC) rally that drove prices to near all-time highs.  Paolo Ardoino, who serves as dual CTO to Bitfinex and Tether, tweeted Thursday that the supply of USDT increased by 1 billion over nine days, marking the second-fastest expansion in its history.

Chinese Police Seize 1% of Bitcoin’s Total Supply

Crypto assets worth more than $4.2 billion have been seized by Chinese police over the PlusToken Ponzi scheme.

A Bitcoin Shortage? PayPal and Cash App Buying More Than 100% of New Supply

When demand from these two sources alone exceeds the entire supply of newly minted bitcoins, expect serious supply pressure to follow.

Institutions Will Shut Retail Investors Out As Bitcoin Rockets to $1 Million, Says Max Keiser

Wall Street veteran Max Keiser says he believes a supply shock will fuel Bitcoin’s rise to $1 million.

Ethereum Hits 2.5 Year High on Supply Deficit Woes; More Gains Ahead?

The cost to purchase one Ethereum (ETH) token surged to its two-year high in the days leading up to its transformation into a proof-of-stake asset.

US dollar squeeze and $19K BTC: 5 Things to watch in Bitcoin this week

USD weakness combines with a Bitcoin supply and demand conundrum as BTC/USD takes aim at $19,000. Bitcoin (BTC) starts another week at near historic highs as the US dollar continues to drop — what’s next? With investors seeking safe havens and Bitcoin already seeing a demand squeeze, Cointelegraph covers the factors that could further shape price action this week.

Crypto Analyst Scott Melker Bullish on Seven Altcoins, Says Bitcoin Supply Shock a ‘Near Certainty’

Crypto strategist Scott Melker says he’s now long on seven altcoins.

Ethereum Price Rallies as ETH Whales Hold the Smallest Percentage of Supply in 11 Months

Capital in the cryptocurrency market could be moving from the world’s first cryptocurrency to Ethereum and other altcoins.

Bitcoin Scarcity and PayPal Crypto Inclusion Send BTC Prices Higher, Says Pantera Capital

The shortage of Bitcoin supply is the cause of the recent price surge, and PayPal’s entry into the crypto space is having a huge impact on the BTC price.

Here's why Ethereum's value proposition may not be about scarcity

Ethereum's Vitalik Buterin recently commented on the maximum supply of ETH, stating that the current issuance schedule is approximately 4.7 million per year for the next 1-2 years, or however long it The post Here's why Ethereum's value proposition may not be about scarcity appeared first on AMBCrypto.

PayPal’s Crypto Support Has Triggered Bitcoin Supply Shortage, Says Pantera Chief Dan Morehead

PayPal has triggered a Bitcoin supply crunch after allowing its users to buy BTC for the first time, according to the CEO of crypto investment firm Pantera Capital.

Stretched thin? Wrapped Bitcoin assets may encourage supply crisis

WBTC, BTCB, and other wrapped Bitcoin implementations may contribute to a BTC supply shortage looming on the horizon In a blog post of Friday, Binance re-introduced BTCB to the world — a wrapped Bitcoin asset intended to bring liquidity from the world's largest cryptocurrency, BTC, to Binance Smart Chain's DeFi (decentralized finance) ecosystem.  However, hodlers may be cheering the renewed interest in BTCB for a different reason: each Bitcoin locked on BSC may contribute to a looming BTC supply crisis.

This Is The Main Story in Bitcoin Now According to Pantera Capital CEO

Dan Morehead. Source: a video screenshot, Youtube/Bloomberg Markets and Finance Demand outpacing supply is “THE story in Bitcoin right now,” as BTC is already knocking on the door of its all-time high of USD 20,000, Dan Morehead, CEO and Co-founder of major crypto investment firm Pantera Capital, stressed.

Bitcoin shortage is real, and PayPal is the cause, Pantera Capital claims

Bitcoin's supply crunch could be having a dramatic impact on price, according to Pantera Capital.

Supply Drought Is Driving Up the Price of Bitcoin: Chainalysis

Behold, supply and demand at work!

Bitcoin’s Rally Could Be Caused by a Supply Crunch in China

Chinese miners are struggling to sell their crypto in ways that would quickly get them much-needed cash in the face of a government crackdown on local exchanges.

Bitcoin price will hit $65K as network effect has 'taken over' — Mike Novogratz

A Twitter survey of whether Williams should buy Bitcoin attracts the likes of Elon Musk as bull run publicity mounts. Bitcoin (BTC) will hit $65,000 due to a combination of low supply and “tons of new buyers,” major investor Mike Novogratz says. In an increasingly popular Twitter debate on Nov.

Ethereum Stored on Crypto Exchanges Sinks to a Two-Year Low, What This Means for ETH

On-chain analytics provider Santiment has shared data showing that Ethereum(ETH) held on crypto exchanges stands at 13.35% of its total circulation supply.

Hedge Fund Manager Brian Kelly Says Increasing Institutional Interest in Bitcoin Down to its Fixed Supply

Hedge fund manager Brian Kelly says the surging number of institutional investors owning bitcoin is down to the digital currency’s core value proposition- a fixed coin supply.

Polychain Now Owns 1.6% of the Yearn.finance (YFI) Supply as Uptrend Holds

Yearn.finance’s YFI governance token has seen some massive momentum today, with the cryptocurrency’s price rocketing higher as buyers take control of its mid-term trend.

Blockchain-based EV charging trial gets $1M from Canadian government

A bi-directional charging scenario allows vehicle owners to sell excess power back to office buildings at a profit. A three-year pilot scheme for an innovative blockchain-based electric vehicle, or EV, charging platform has received $1 million in funding from Natural Resources Canada, a department of the country's government. The scheme promises to reduce the cost of EV charging transactions and enhance power grid efficiency, according to an article on the independent Electric Autonomy Canada platform. The pilot will take place at two multi-tenanted office buildings in downtown Toronto, and is run by EV charging platform SWTCH Energy and intelligent energy software developer Opus One Solutions. The innovation comes through the understanding that EVs aren’t just alternatively-powered cars, but batteries on wheels. This allows them to be used in a bidirectional charging scenario whereby they are charged up overnight using cheap electricity and can then supply excess power to the building at peak times during the day. The car owners are then credited for the power they provide, based on the competitive price of electricity at the time.

Cardano, Cosmos, BAT Price Analysis: 11 November

Cardano rose past a region of supply and could be headed further upward to resistance.

Polychain Capital Invests $8.2 Million Into Ethereum Token YFI

The US-based crypto fund now owns over 1% of the entire token supply of DeFi protocol Yearn Finance.

Lebanon to launch digital currency in face of economic and financial turmoil

Lebanon's central bank governor says the country, whose lira has been in freefall, is preparing to launch a digital currency in 2021. Lebanon’s central bank plans to launch a new digital currency in 2021 as part of a broader effort to combat a parallel economic and financial crisis that has engulfed the country. Central bank governor Riad Salameh told a gathering of officials Monday that “We must prepare a Lebanese digital currency project” as a way to shore up confidence in the banking system. "As for the monetary supply in the Lebanese market, it is estimated that there are $10 billion stored inside homes,” Salameh said, according to the state-run National News Agency. The central banker added that a digital currency project launched in 2021 will help implement a cashless financial system to enhance the flow of money locally and abroad. Lebanon relies heavily on remittances from its vast global diaspora.

Calls for Ethereum Rally Grow as 50K ETH Go Out of Supply

The staking process on Ethereum 2.0 is live for almost a week now.

Square’s Bitcoin Sales Hit Record $1,630,000,000 in Q3, Outstripping New Supply of BTC

Online payment solution Square says its popular payments platform Cash App sold $1.63 billion worth of Bitcoin in the third quarter of 2020.