Category: Cryptocurrency News

Cryptocurrency News and Public Mining Pools

7 Days Rewards, 2miners vs Flypool

I made this test in the last 7 days. GPUS: 8x RX6800 Driver: 21.4.1 Clocks/Undervolt: 1350 core, 2150 mem. fast timmings, 690mv Hashrate: All between 34-35mh/s @ 118w I setup 4 GPUS to mine on 2miners and 4 on flypool simultaneous, to match the same difficult. Here are the results(rounded): ​ https://preview.redd.it/nylekkqgy5381.png?width=266&format=png&auto=webp&s=35c63e96983a161df487b4bc22d03d54cdec88b7 Thoughts? submitted…
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RedFOX Labs taps AIKON’s cross-blockchain ID solution for play-to-earn game ecosystem

AIKON, a cross-chain platform built on the ORE Network for user accounts, announced its newest partner, RedFOX Labs, a provider of metaverse experiences focused on retail, media, gaming, and rewards. Now, AIKON’s ORE ID will be RedFOX Labs’ single sign-on tool for universal user accounts on the entire RFOX ecosystem including RFOX Games, under the…
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XinFin XDC Network has Successfully Launched a Futuristic Andromeda Upgrade

XinFin is one of the most popular networks with millions of users connected all over the world. Its native major upgrade has gone live. XDC token ranks as the fastest-growing cryptocurrencies in the marketplace till today. With such popularity in the market, XinFin XDC Network was proudly released on 2nd December 2021. The XDC network successfully launched its delegated XDPoS consensus protocol at block number 38383838. The network thanked community members for their support to update to the current version. Congratulations @XinFin_Official community.🎉 “Andromeda” XDPoS upgrade successfully updated at block 38383838. We thank the community for all the support. The upgrade is the result of years of study & development by protocol scientists & Ph.D. professors. pic.twitter.com/RH3M5KZtV6 — XinFin (@XinFin_Official) December 2, 2021 Interestingly, this special update is marked as Andromeda, named after the galaxy by the community. Through this upgrade XDC network brings in unique features supportive to its users and to the community. In addition, the activation of this  incompatible protocol requests the users to agree for the Andromeda update to be a part of the XinFin XDC network. Undoubtedly, there are few energetic and brilliant minds supporting this special upgrade to the network. The upgrade is the result of years of study & development by protocol scientists & Ph.D. professors. Including Pramod Viswanath, Gerui Wang, Fisher Yu, Jerome Wang. Significantly, Andromeda update is planned and brought in to develop and expand the XDC network in the competitive market. Thus, let us revise all of its innovative features added to XinFin XDC Network’s Mainnet. The special benefit of the Andromeda update is, it will support the move of Ethereum’s EVM -compatible projects to XinFin network. Through this, XinFin developers will be powered to use the code from any EVM chains without any external transformations. In addition, it includes nearly zero gas fees, 99% low consumption of energy compared to PoW networks. Another fact is as the innovative upgrade is built upon the advanced BFT consensus protocol, it ensures the XDC network with a super power of military-grade security. Also the active performances in the network consumes low resources through the fully backward incompatible feature in terms of APIs. Thus, leading the XDC network to wave its flag high in its future evolution. Moreover, this important  Eth_chainId feature guards the system with 100% security protecting the repetitive transaction processes. As a notable function, the military-grade security is associated with forensic monitoring which removes the detected bad nodes in the network. Thus, this increases the master node owner benefits which results in these nodes joining the Mainnet system of XDC Network. Recently many projects started to position with XinFin XDC Network. As it gains a benefit in competing the XDC network over Ethereum network. On XDC Network, two new DEXes are about to be released, listing all the XRC20 Tokens. Currently the XinFin network holds 500+ contracts and 1 million active wallets as per the Block Explorer. Further, after the upgrade the XinFin XDC network will continue to render its support extending the present public ledger from the XDPoS1.0 version. Along with APIs to default browsers, exchanges and wallets will be modified into a fully backward compatible network. As an additional benefit, the transaction fees will be transferred to the owner’s address instead of the coinbase or miner’s address. Hence, this Andromeda upgrade is more transparent, increasing the trust and safety for both the network and the token. Thus, it creates a hype to choose XDC as a long term asset grabbing the entire investors community. As the crypto market is unpredictable, price fluctuations remain the same. But, through this massive update, XDC network will be empowered to be a strong competitor for Ethereum overcoming all major challenges in the industry. XDC coin which powers the xinfin network trading at $ 0.9 with various exchanges like kucoin, bitfinex, gate.io and bittrex as per coinmarketcap data.

Croatia’s Largest Supermarket Chain Rolls Out Bitcoin Payments

Bitcoin has spread its wings far and wide and no nation has been left out. All around the globe, there is bitcoin adoption going on, both as a payment method as well as an investment option. The latest company to implement bitcoin as a method is Croatian supermarket giant, Konzum. The move was announced on Wednesday as part of the chain’s mission to drive crypto payment adoption across its stores. Pay For Groceries With Bitcoin In the announcement, Konzum states that customers are now able to pay across its stores with bitcoin. Purchases for things like groceries, hygiene and household supplies, among other products can be checked out from the Konzum online stores that currently carry more than 12,000 items. Related Reading | MicroStrategy Follows El Salvador’s Lead As It Buys Bitcoin Dip The retail chain is the largest by far in Croatia. There are over 700 Konzum stores in the nation with over 10,000 employees across the chain. Konzum is basically the Walmart of Croatia as its retail outlets are located throughout the country. The chain also expands to Serbia and Bosnia and Herzegovina, serving over 650,000 customers each day. For now, Konzum customers can only pay with Bitcoin and other cryptocurrencies in its online stores. However, the supermarket chain plans to roll out crypto payments across all of its stores. This move is the first of its kind in Croatia, making Konzum the first and only retail chain in the country to accept crypto payments. “The introduction of cryptocurrency payments is another indicator that Konzum is constantly monitoring global trends, introducing innovations and setting the standard in the retail sector.” – Uros Kalinic, member of Konzum’s Management Board for Finance and IT BTC falls to $56K | Source: BTCUSD on TradingView.com A Faster And Easier Way To Pay Konzum which plans to implement crypto payments in its physical stores said that crypto payments are a simple way to pay. It likened the payment process to card payments which are a fast and efficient way to pay for everyday items. Customers will be able to choose Bitcoin and other cryptocurrencies as a payment method when they proceed to checkout on the online store. Related Reading | Canada Marks Launch Of First Bitcoin, Ethereum ETFs With Monthly Payouts Konzum will use the PayCek system to account for the highly volatile nature of cryptocurrencies. Although exchange rates may change in a short time, PayCek will place a fixed exchange rate at the time of checkout with adequate time to carry out the transaction at the rate displayed. Currently, Konzum’s online store will accept nine cryptocurrencies. These include Bitcoin, Ethereum, Bitcoin Cash, USDC, USDT, EOS DAI, Ripple, and Stellar Lumen. Kalinic also added that Konzum plans to continue its commitment towards the development of innovative technology. Featured image from CloudSavvy IT, chart from TradingView.com

Introducing BNBMatrix – One of The Best Yield Farming Smart Contracts On BSC!

While cryptocurrency has attracted a significant following in the subsequent years, it continues to grow after hitting a record-breaking all-time high. Bitcoin, the most popular cryptocurrency, is valued at nearly $67,000. (Source: Forbes) Thus, more and more people are drawn towards investing in cryptocurrency. And, what better way to do that than yield farming? Yield farming is an investment strategy to lend crypto to generate returns in the form of additional crypto. You lock your funds in a smart contract on a Blockchain app. It is a core activity of the decentralized finance (DeFi) space. You can make high returns on Binance Coin (BNB) through yield farming dapps. Nowadays, there are many decentralised applications (Dapps) for yield farming. While many of them promise good returns, one is making waves as the best yield farming smart contract on BSC with ROI as high as 234% – it is called BNBMatrix. Introducing BNBMatrix BNBMatrix.io is a smart contract-based BSC platform for BNB yield farming. This dapp claims to deliver high profits on deposits as low as 0.01 BNB. The idea is to make high profits while investing a minimum amount and time. Thus, you don’t need to have excessive BNB reserves to start yield farming on BNBMatrix. Therefore, in such a short time, it has surpassed the 30,000 BNB mark.  So, connect your decentralized wallet on BNBMatrix, deposit BNB and get ready to return a high return on investment (ROI). Key Features of BNBMatrix Here are a few reasons why BNBMatrix is soon to become the best yield farming dapp on BSC. 1. High ROI Rewards on dapps often keep fluctuating due to liquidity and price action. However, BNBMatrix ensures fixed yield percentages of 7.8% to 17% on deposits. Depositors can generate a total ROI of 119% to 234%! 2. User-friendly  BNBMatrix offers a simple and uncluttered website. The layout and intuitive design make it super easy to use and navigate. So, even if you are a newbie to yield farming, you will have no issues using BNBMatrix. 3. Safe and Secure  BNBMatrix is very careful about the safety and security of its users. The smart contract dapp is audited by Haze Crypto. So, BNBMatrix is 100% legit with no scams and vulnerabilities. 4. 24/7 Customer Support BNBMatrix offers round-the-clock customer support for any queries and concerns the users may have. You can reach the support staff via live chat on Telegram and social media accounts. 5. Referral Program BNBMatrix has a referral program to allow users to generate extra income. After making a deposit, you will receive a referral link to share with friends. Once someone makes a deposit, you can earn a percentage of the deposit amount. Thus, your deposit amount increases, and you earn a higher ROI! 6. Quick Deposit and Withdrawal BNBMatrix allows you to quickly deposit and withdraw BNB by connecting a decentralized wallet. The processing is quick and straightforward. BNBMatrix is worth it Most of the dapps on BSC are unsafe and filled with scammers. BNBMatrix, on the other hand, is a legit and safe platform that anyone with a supported wallet, internet access, and browser can easily access. Moreover, the amazing ROI of 119% to 234% is a game-changer in the world of yield farming.   Image: Pixabay

Exploit Allows Hackers to Siphon $120 Million From Defi Protocol Badgerdao

The decentralized autonomous organization (DAO) called Badgerdao has disclosed that it has “received reports of unauthorized withdrawals of user funds.” The analytics team Peckshield estimates that over $120 million was siphoned in the Badgerdao breach. Badgerdao Suffers $120 Million Exploit — Engineers Pause Smart Contracts According to the official Badgerdao Twitter account, the team has […]

Can Bitcoin rally in December? | Tune in now to The Market Report w/ Gareth Soloway

“The Market Report” with Cointelegraph is live right now with special guest Gareth Soloway, chief market strategist of InTheMoneyStocks.

Everybody wants to a whale, but no one likes whales.

So you invested a small amount of your savings into crypto, but you come here to read about others putting in way more. Don't be discouraged. All big things once started off small. It has no use to envy what others have. Your $10 investment is a great start off to a better future. In…
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