The DeFi world is rapidly expanding, and as the global financial system continues its transformation towards digitalization, DeFi has very large growth potential, attracting the attention of over 3 million investors worldwide.
Gate.io, the sixth-largest cryptocurrency trading platform has announced its plan to launch one of the first-ever crypto futures contract trading competitions. As per the announcement, Gate.io plans to give participants $2 million in prizes during their upcoming campaign. Gate.io’s Contract Trading Championship will reportedly start on December 15, 2021. The championship will allow individuals and […]
Trackgood, a blockchain-powered transparency platform, announced its partnership with Italy’s oldest coffee roastery. As per the announcement, the partnership brings coffee supply chain traceability for Caffè Barbera. Created as a supply chain tracking and impact tool, Trackgood allows consumers to trace the journey of their coffee products from the plantation to the cup. Powered by […]
On December 12, crypto advocates celebrated the fact that 90% of the 21 million bitcoins that will ever exist have been mined into circulation. Currently, Bitcoin’s inflation rate per annum is around 1.88%, which is lower than the central banks’ traditional 2% target reference. Furthermore, in 875 days, the network’s inflation rate is expected to […]
Portal, a true cross-chain DEX that brings fast, secure, and private DeFi to Bitcoin, has secured a strategic partnership with Chainlink, the world’s leading decentralized oracle network. Portal will now receive credible and high-quality price feeds which it will integrate into its platform. With the partnership, Portal users making cross-chain transactions will have on-platform access […]
Data shows Bitcoin mining hashrate is now near its all-time high (ATH) set back in April. Here’s what it may mean for the price of the crypto. Bitcoin Mining Hashrate Nears A New ATH According to on-chain data, the BTC network hashrate seems to be approaching the ATH it set back in April of this year. The “hashrate” is an indicator that shows the total amount of computing power connected to the Bitcoin blockchain network. On the BTC blockchain, miners compete with each other by solving complex algorithms so that they can handle transactions. For this purpose, miners require a high amount of computing power. Thus, a high amount of hashrate means there is a lot of power present on the Bitcoin network, which can help the chain perform faster and more efficiently Also, high values of the indicator may also imply that there are a lot of nodes (that is, miners) connected to the network. Therefore, such values can lead to better decentralization of the BTC network. This helps make the blockchain more secure against any possible attacks. On the other hand, if a crypto network has low hashrate, the chain may show poor performance, and it might also have worse security. Related Reading | Why “Bitcoin Creator” Craig Wright Came Out Ahead Despite Having To Pay $100 Million Now, here is a chart that shows the trend in the value of the Bitcoin hashrate over the past year: Looks like the value of this indicator has been trending up for a while now | Source: Blockchain.com As you can see in the above graph, the Bitcoin hashrate seems to be advancing towards its previous ATH that was achieved earlier in the year. When the ATH was set in April, BTC’s price also peaked then. After China’s crackdowns on mining started, the hashrate began to go down, and had collapsed by June. Since then, the value of the indicator has steadily worked its way back up, and if the trend continues, a new ATH could be there. Related Reading | Bitcoin Miners Hold Off On Selling As Their Reserves Reach 2021 High Earlier some speculated that when the hashrate will make a new ATH, the price of Bitcoin will also follow lead. However, since the bloodbath of November, the coin’s price has rather dwindled down. Nonetheless, an increasing hashrate has generally been bullish for Bitcoin, which may also be the case this time. BTC Price At the time of writing, Bitcoin’s price floats around $47.7k, down 0.5% in the last seven days. The below chart shows the trend in the price of BTC over the past five days. BTC’s price seems to have mostly consolidated in the last few days | Source: BTCUSD on TradingView Featured image from Unsplash.com, charts from TradingView.com, Blockchain.com
Starting Today, Monday December 13, transfer DESO into your Coinbase Pro account ahead of trading. Support for DESO will generally be available in Coinbase’s supported jurisdictions with certain exceptions as indicated in each asset page here. Trading will begin on or after 9AM Pacific Time (PT), Tuesday December 14, if liquidity conditions are met.
Once sufficient supply ofDESO is established on the platform, trading on our DESO-USD, DESO-USDT and DESO-EUR order books will launch in phases, post-only or auction mode then limit-only or full trading mode. If at any point one of the new order books does not meet our assessment for a healthy and orderly market, we may keep the book in one state for a longer period of time or suspend trading as per our Trading Rules.
We will publish tweets from our Coinbase Pro Twitter account as each order book moves through the phases.
Decentralized Social (DESO) is the native cryptocurrency powering the Decentralized Social blockchain, a platform designed to support a wide variety of decentralized social media applications. DESO can be used to purchase “social tokens” and NFTs, and to create profiles and posts for Decentralized Social applications.
DESO is not yet available on Coinbase.com or via our Consumer mobile apps. We will make a separate announcement if and when this support is added.
### Please note: Coinbase Ventures may be an investor in the crypto projects mentioned here, and additionally, Coinbase may hold such tokens on its balance sheet for operational purposes. A list of Coinbase Ventures investments is available at https://ventures.coinbase.com/. Coinbase intends to maintain its investment in these entities for the foreseeable future and maintains internal policies that address the timing of permissible disposition of any related digital assets, if applicable. All assets, regardless of whether Coinbase Ventures holds an investor or Coinbase holds for operational purposes, are subject to the same strict review guidelines and review process. This website contains links to third-party websites or other content for information purposes only (“Third-Party Sites”). The Third-Party Sites are not under the control of Coinbase, Inc., and its affiliates (“Coinbase”), and Coinbase is not responsible for the content of any Third-Party Site, including without limitation any link contained in a Third-Party Site, or any changes or updates to a Third-Party Site. Coinbase is not responsible for webcasting or any other form of transmission received from any Third-Party Site. Coinbase is providing these links to you only as a convenience, and the inclusion of any link does not imply endorsement, approval or recommendation by Coinbase of the site or any association with its operators.
Crypto is a new type of asset. Besides potential day to day or hour to hour volatility, each crypto asset has unique features. Make sure you research and understand individual assets before you transact.