Category: Cryptocurrency News

Cryptocurrency News and Public Mining Pools

VAST Completes Private Investment Round as It Readies to Launch First-Ever EngageFi™ NFT Platform

PRESS RELEASE. Miami, FL – VAST, the multimedia NFT marketplace that dropped the first-ever NFT sitcom featuring Snoop Dogg and The Harlem Globetrotters, has announced the completion of their strategic private investment round with leading blockchain venture capital firms: GHAF Capital, NGC Ventures, Skyman Ventures, Infinity Ventures Crypto, and Spartan Protocol. The VAST backers are […]

How to calculate tax on rollups (L2s)

Gm everyone! I was wondering if any of you can help me on how crypto tax is calculated on L2s. For L1, I calculated everything using FIFO method. 1. Is bridging taxable event? 2. How are realized and unrealized gains calculated? If I spend some ETH on L2, do I need to know its origin…
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CoinEx Charity Book Donation Worldwide: Over 10,000 Books for Children’s Dreams

In many places around the world, schools cannot provide children with a sufficient supply of books due to poor financial conditions, nor can parents afford books. Meanwhile, the reading ability of children who have been raised in an environment without books is inferior to the average level, which negatively affects their life prospects. Focusing on education for young children worldwide, CoinEx Charity will kick off Book Donation Worldwide on May 26, 2022, to improve children’s reading environment. The campaign will begin in Turkey and take CoinEx Charity to schools in poor regions across 11 countries, including Syria, Thailand, Vietnam, Indonesia, Nigeria, Malaysia, India, Brazil, Germany, and South Korea. CoinEx Charity will help schools build charitable reading corners and donate books to provide more reading opportunities for local children. Find out more about the campaign at: https://mobile.twitter.com/CoinExCharity A book that helps children succeed Books are a treasure house that’s full of information and wisdom — they help children succeed. However, most schools around the world do not have a library, making it difficult for children to explore the vast breadth of knowledge. Even in the US, which is the world’s wealthiest country, one in every 4 children grows up without learning how to read. CoinEx Charity’s Multi-Million-Dollar Charity Fund is a charitable foundation dedicated to alleviating the “learning poverty” across the world. As International Children’s Day is around the corner, the fund will launch a charity campaign to build reading corners for and donate books to poor schools around the world. CoinEx Charity’s first 3 book donation events will take place in Antakya (Turkey), Damascus (Syria), and Bangkok (Thailand) on May 26, May 28, and May 30, respectively, and about 4,000 books will be donated to 7 local schools. Moreover, CoinEx Charity has also purchased bookshelves to build reading corners for each school. In June, the campaign will arrive in 8 countries, covering Vietnam, Indonesia, Nigeria, Malaysia, India, Brazil, Germany, and South Korea, with a total of about 9,000 books to be donated. During the campaign, it is expected that 13,000 books will be donated and charitable reading rooms will be built to provide more and better learning spaces for poor children, allowing them to read and learn with passion anytime, anywhere. Powered by an ocean of books, children will be inspired to find their dreams and strive for a better future. CoinEx Charity has partnered up with the Syrian children’s aid organization Youth Association and the Malaysian charity MUDA Cheras, and will jointly host the campaign in Syria and Malaysia with its partners. This is the first cooperation between CoinEx Charity and an international charity organization. These new partners will expand the influence of the campaign and encourage more caring individuals and charitable organizations worldwide to join hands in improving children’s learning environment with the power of charity. CoinEx Charity also looks forward to building long-term, sustainable partnerships with more charitable organizations in the future. Together with its partners, CoinEx Charity will gather more momentum to convey the message of love and warmth and help more children grow up healthily and happily. Respond to the international call & venture into charitable education Books open up an unexplored continent of imagination, and the increased access to books allows children to become more competent, which creates level playing fields across the planet.  UNESCO, the World Bank, and the International Commission on Financing Global Education Opportunity are all calling for expanding the supply of books in schools around the world to improve learning conditions. CoinEx Charity actively responds to the international call and devoted more resources to charitable education to help poor schools improve the learning environment for children. Though they might seem small, books serve as a window on a broader world for children and help them realize their dreams. During the campaign of Book Donation Worldwide, CoinEx Charity will donate over 10,000 books to impoverished schools in 11 countries to pass on love and knowledge. It also hopes to encourage more governments and charities around the world to help more schools build libraries and provide students with a decent learning environment via the power of charity. Education can transform children’s futures, thus making the world a better place.

Six Years of Relentless Efforts: ViaBTC is Always on the Way

BTC mining has evolved from CPU to GPU and finally to ASIC, setting off a hardware “arms race”. Since more advanced mining chips are introduced, the hashrate of mining rigs has been on the rise, making mining extremely difficult. Meanwhile, hashrates are centralized by big mining farms and large institutions, and retail miners now struggle to gain the right of block updating solely relying on their own hashrates. To stay in the game, more and more miners choose to join a mining pool for stable mining revenue. Before choosing one from many mining pools out there, miners should think about the following factors. First, brand recognition. In general, famous pools are more reliable because they are often highly recognized by the miner community. Second, user experience in both the products and the services the pool provided. A pool with a full range of products, in most cases, enables efficient and convenient mining experiences. All in all, brand recognition, and user experience in products and services are all backed by the tech capacity of the team behind the pool. Strong tech capacity allows a pool to offer a sound mining environment, so as to better safeguard the interests of miners. 6 years of solid steps: ViaBTC is reliable and trustworthy In March 2016, Haipo Yang, the founder of ViaBTC, developed and deployed ViaBTC Pool on his own. Only two months later, ViaBTC Pool was officially launched. In June of that year, the BTC pool was introduced. To improve the mining revenue, ViaBTC Pool revolutionized the payment methods and invented PPS+, which was the first of its kind in the mining industry. Apart from the block reward, under the model of PPS+, miners will also receive the daily mining fee according to their contribution. This invention was widely approved by miners and mining institutions. By doing so, the pool became one of the world’s top 5 by BTC hashrate in less than 5 months since it was launched. As a comprehensive crypto mining pool serving the world, ViaBTC has always adhered to the principles of security, transparency, fairness, and freedom. Through 6 years of dedicated efforts, the pool has introduced mining services for dozens of cryptos, including BTC, ETH, and LTC, and the invention of PPS+ has greatly improved the brand awareness of ViaBTC in the miner community. It is now the preferred choice among miners. 6 years of concrete actions: ViaBTC insists on innovation How to provide better mining experiences to attract more miners has always been a challenge facing mining pools. Always offering new products and services, ViaBTC has committed to innovation and illustrated what the proverb “good wine needs no bush” means through concrete actions. For instance, ViaBTC Pool offers multiple channels, free and paid, to meet the demand of different groups of miners by upgrading Transaction Acceleration; launches ViaBTC’s Hashrate Fluctuation Notification to free miners from keeping checking the hashrate since they will be notified when the figure drops to the set threshold; introduces Hedging Service and Crypto Loans to help miners mitigate the difficulty in turnover of capitals, more flexibly dealing with their funds, especially under extreme market conditions. Always starting from miners’ rights and interests, ViaBTC has insisted on innovating products and offering a full set of products and supporting services, so as to provide miners with more efficient and convenient mining experiences. 6 years of pioneering efforts: ViaBTC is backed by a strong team A company’s success depends on its team. ViaBTC has always upheld the principle of “the team is a company’s most important product”, and seen its team as its core competitiveness and the most iconic product. Through 6 six years of talent hunting, ViaBTC has built a strong and globalized team with group members having rich working experience in world-renowned Internet and financial enterprises. It is noteworthy that some of the pioneers in the crypto industry have joined the ViaBTC. As a technical expert himself, Haipo Yang has attached great importance to code security due to his keen insights into security and auditing. Since its inception, ViaBTC Pool has never experienced any major security accidents. Backed by a strong team, ViaBTC Pool provides miners with a secure and stable mining environment to make them feel at ease every time they mine. Although the mining industry is highly cyclical, ViaBTC will not stop forging ahead in spite of wild market swings. Even though the road ahead might be beset with thorns, ViaBTC will never give up. This is the best of times; this is the worst of times. ViaBTC will join hands with miners to embrace a new crypto age and create new glory in the next 6 years.

Ethereum’s co-founder thinks the blockchain can fix social media

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Top 3 Web3 Coins to Watch in 2022

When speaking of Web3 coins, some may automatically think of cryptocurrency tokens such as Bitcoin and Ethereum – but it’s much more than that. In fact, Web3 coins form part of a much larger ecosystem which many believe is the future of both the internet and finance as we know it. Expanding further than just being an online currency, digital coins also give investors the power to vote on issues concerning the relevant protocols. Starting With the Basics Web3 (also known as Web3.0) is the next generation of the internet, an ecosystem that is decentralized in nature, integrating the power of blockchains, Non-Fungible Tokens (NFTs), cryptocurrency and Decentralized Autonomous Organizations (DAOs). Although these concepts have been floating around the web for quite some time – some still find it difficult to fully understand what all of them mean. Blockchains are online ledgers that store information across a number of locations on a network, which makes hacking and data leaks a thing of the past. NFTs are one-of-a-kind, digital assets, which live on a blockchain, can be purchased and sold freely, or be held as an investment. DAOs are the next generation of organizations, which function on rules that are encoded on blockchains, ensuring full transparency and decentralized, democratic governing bodies.   What brings the Web3 ecosystem to life is Web3 coins, which will allow for all transactions to take place, through the use of crypto wallets. On top of this, many coins give investors voting power when it comes to important decisions and changes regarding the protocol. Seeing as so many different Web3 coins exist, some may find it confusing to decide which one/s to invest in. Whether a beginner or expert in the crypto universe, a vast number of Web3 coins exist which facilitate different uses across a number of industries, all focusing on different functions. Coins such as GAL, HNT and FIL are certainly the top Web3 coins to look out for in 2022, as they are making strides in bringing Web3 to life. 1, Project Galaxy (GAL) Having launched at the beginning of 2022, the Project Galaxy ecosystem aims to provide users with an open, collaborative credential network. Being the largest Web3 credential data network in the world, Project Galaxy helps developers and DAOs to leverage NFTs and digital credential data. This is done through curators utilizing their native GAL token and signaling a credential data set’s value, which is then incentivized through the split of revenue amongst credential stakeholders. The main goal of the Project Galaxy team is to build better products and communities via the credential data network they’ve built. 2. Helium (HNT)  Often being labeled as “The People’s Network”, Helium allows for low-power devices to communicate with one another and transmit data over a network of nodes, called hotspots. This decentralized network focuses on powering  IoT devices, which are physical devices with the capability of connecting to the internet, such as light bulbs and thermostats. Think smart home devices – which you control from your phone. Through the Helium network, users know that their data is less likely to get hacked. The native token used on this network is HNT, which is used for all data and transactions. 3. Filecoin (FIL) Time and again, global corporations have failed their users through poor data protection, leading to private data being hacked, spread and misused without their consent. Filecoin is here to save the day, offering a decentralized storage solution that allows users to rent unused hard drive space through blockchain mechanisms. The native currency coin, FIL, is used to record and make transactions on the platform. Made by Protocol Labs and being built on top of InterPlanetary File System, this blockchain technology ensures top of the range, secure storage solutions. Conclusion Whether a newbie or a fanatic of the crypto universe, Web3 does not limit itself to one interest or industry. Through Web3 coins, not only can users explore the future of the internet, but also ensure full protection of their data, while investing in the different ecosystems that are on offer. There is certainly no better time to get involved and invest than the present.    

Bitcoin Mining Difficulty Drops 4.33%, Biggest Reduction in 10 Months

It’s now 4.33% easier to mine bitcoin over the next two weeks as the difficulty adjustment algorithm (DAA) dropped from 31.25 trillion to today’s 29.85 trillion. It’s the largest DAA drop since July 17, 2021, when the difficulty dropped 4.81% at block height 691,488. Bitcoin Mining Difficulty Dips 4.33% — The Largest Drop Since July […]

JP Morgan is experimenting with blockchain technology now

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Reduce selling fee in Opensea

This is introduction of product I am building now. ​ Average fee including creator fee is 10% in Opensea. Sellers need to pay it. But isn't it too much? I thought it is too much and building a NFT marketplace for P2P transactions. You can sell NFT with only gas fee. Also, it can be…
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