Author: Ava Patel

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Ava Patel

Ava Patel's expertise lies in creating engaging and informative content about the latest trends and opportunities in the crypto space. Her writing is known for its clarity, accuracy, and ability to convey complex concepts in a way that is accessible to both novice and advanced readers.

Articles by Ava Patel

PayPal unveils plan to boost eco-friendly Bitcoin mining with extra rewards

PayPal unveils plan to boost eco-friendly Bitcoin mining with extra rewards

10 hours ago 1 min read

PayPal‘s Blockchain Research Group proposes giving sustainable energy miners more Bitcoin to decrease Bitcoin mining’s environmental effect. The concept targets Bitcoin’s energy-intensive proof-of-work technology. Set aside more Bitcoin incentives for “green miners” that use renewable energy and have unique cryptographic hashes called “green keys.” The green miners’ multi-sig wallet would contain extra Bitcoin only accessible with green keys. These transactions would have cheaper costs to attract miners and promote greener Bitcoin mining. Critics of the plan say many miners are already switching to greener techniques without incentives and worry about non-green miners processing these transactions if low fees are not

Adidas remains committed to the metaverse, launching NFTs as others exit

Adidas remains committed to the metaverse, launching NFTs as others exit

3 days ago 1 min read

Amidst the waning enthusiasm for NFTs and the metaverse, many firms have chosen to withdraw, with prominent individuals either leaving or redirecting their attention elsewhere. However, Adidas has chosen to stay. The compay has collaborated with the STEPN program, which allows users to earn rewards by being physically active, to introduce 1,000 non-fungible tokens (NFTs) that symbolize Adidas footwear on the Solana blockchain. The digital assets necessary for STEPN’s activities that allow users to earn rewards were first introduced at 10,000 GMT. Their approximate value in USD, based on current exchange rates, is $2,400. Evgeniy Medvedev, who formerly worked at

Bitcoin is approaching its most stable halving event

Bitcoin approaches a calm halving, marked by record transactions and steady growth

6 days ago 1 min read

Bitcoin is approaching its most stable halving event, which suggests the beginning of a new age characterized by sustained growth and high market trust. The level of confidence that the general public has in Bitcoin has risen, as shown by the establishment of new records in transaction volumes and the steady climb in its price. The current year exhibits double the level of volatility compared to 2020, while maintaining a high level of overall activity. The network experiences a large volume of transactions with high monetary worth, mostly driven by the increasing value of Bitcoin. This suggests a level of

Certo Announces Launch of its Testnet: Pioneering the Future of p2p lending and Stablecoins

Certo Announces Launch of its Testnet: Pioneering the Future of p2p lending and Stablecoins

1 week ago 2 mins read

Zurich, Switzerland, April 16th, 2024 Certo is excited to announce the official launch of its highly anticipated testnet, marking a significant milestone in the development of its groundbreaking p2p lending project. Designed to revolutionize digital transactions by offering unparalleled security, transparency, and stability of funds collateralized by Real-World Assets (RWAs), Certo’s testnet is now open for community participation and feedback. Setting New Standards for Digital Currency The testnet phase is crucial for Certo, aiming to rigorously test the network’s capabilities, assess its performance under various conditions, and ensure that the final launch meets the highest standards of efficiency and reliability. Certo

The Worldcoin World App's native wallet has amassed a user base of 10 million since its inception in May 2023.

Worldcoin’s World (WLD) App hits 10 million users, boosting global crypto engagement

2 weeks ago 1 min read

The Worldcoin World App’s native wallet has amassed a user base of 10 million since its inception in May 2023. The application provides fundamental self-custodial services and is universally compatible with World ID. As of November 2023, the app has been downloaded 4 million times and is currently used by people in more than 160 countries. Additionally, it handles over 70 million transactions. The application functions as a highly secure wallet that allows users to directly manage their own funds. It can handle an average of 7.1 transactions per second. The primary goal of the World App is to prioritize

Mantle (MNT) has reached a record high of over $1.50

Mantle (MNT) hits an all-time high, signaling strong momentum in the crypto market

2 weeks ago 1 min read

Mantle (MNT) has reached a record high of over $1.50, placing it in the 28th position in the worldwide crypto market. The company’s groundbreaking rewards station, which enables customers to securely store their Mantle crypto in a vault, has generated significant interest among investors and experts. Analysts predict that Mantle has the potential to become the next very successful altcoin, with a projected growth of 100 times its current value, by the year 2024. During the previous month, the price of Mantle has experienced a significant increase, rising from $0.77 to $1.51. Additionally, its market capitalization has more than doubled,

The US SEC is now taking comments on Grayscale

The US SEC opens comment period on Ethereum ETFs by Grayscale, Fidelity, and Bitwise

3 weeks ago 1 min read

The US SEC is now taking comments on Grayscale, Fidelity, and Bitwise’s Ethereum ETF proposals, which want to be listed on the Cboe BZX and NYSE Arca markets. The agency had already approved Ethereum futures ETFs, which established a precedent for spot market-based ETFs. Grayscale and NYSE Arca contend that the strong link between the spot and futures markets for Ethereum reduces fraud risk. They question the SEC’s reasoning for prospective rejections due to regulatory concerns. The SEC also considers ETF management, the process of generating and redeeming shares, and fee structures. The request for comments is a standard procedure

Tether has augmented its Bitcoin holdings by acquiring an extra 8,889 bitcoins

Tether buys 8,889 BTC, boosting its reserves to 75,354 BTC, now worth $5.26B

3 weeks ago 1 min read

Tether has augmented its Bitcoin holdings by acquiring an extra 8,889 bitcoins, which are now worth at $627 million. This acquisition has resulted in a total reserve of 75,354 BTC for Tether. The initiative started in September 2022 with the objective of expanding Tether’s portfolio to include assets other than conventional ones such as cash and Treasury bonds. CEO Paolo Ardoino clarifies that Tether is allocating a portion of its income, up to 15%, from stablecoin reserves to invest in Bitcoin. This decision is based on Bitcoin’s scarcity and widespread use. The implementation of this strategic maneuver has led to

KuCoin crypto exchange has initiated a $10 million airdrop campaign for its customers amidst legal issues

KuCoin announces $10M airdrop to users amidst facing serious legal charges

3 weeks ago 1 min read

KuCoin crypto exchange has initiated a $10 million airdrop campaign for its customers amidst legal issues related to suspected illicit activities and money laundering. The U.S. Department of Justice accused the exchange and its owners, Chun Gan and Ke Tang, of engaging in an unlicensed money transfer company and breaching laws related to preventing money laundering. The Commodity Futures Trading Commission (CFTC) has accused KuCoin of engaging in unlawful commodity trades. Notwithstanding these difficulties, KuCoin guarantees its consumers that the exchange will continue in its operations and their funds are safeguarded. This action is a component of the wider storyline

SEC faces lawsuit challenging its crypto airdrop rules, seeking clearer industry guidelines

SEC faces lawsuit challenging its crypto airdrop rules, seeking clearer industry guidelines

4 weeks ago 1 min read

The US Securities and Exchange Commission (SEC) is being sued in order to get clarification on the legal classification of bitcoin airdrops. The action, filed by the DeFi Education Fund (DEF) and Texas-based clothing company Beba Collection, challenges the Securities and Exchange Commission’s (SEC) ambiguous regulatory position on cryptocurrencies. Specifically, it questions the categorization of crypto airdrops as securities. The central issue in the action is to the SEC’s management of the BEBA token. The plaintiffs are seeking legal validation that the BEBA tokens, which were given without charge for promotional reasons, do not qualify as securities. The DEF has

The European Securities and Markets Authority (ESMA) has finalized its first set of rules for suppliers of services related to crypto assets

EU sets new crypto rules to boost transparency and safety for investors

4 weeks ago 1 min read

The European Securities and Markets Authority (ESMA) has finalized its first set of rules for suppliers of services related to crypto assets in accordance with the Market in Crypto Assets (MiCA) legislation. The objective of the EU’s action is to enhance transparency, guarantee the security of investors, and provide clear guidelines for laws across the EU. The study provides a comprehensive overview of the prerequisites that crypto firms must meet while operating in the European Union under the Markets in Crypto-Assets Regulation (MiCA). This includes information on obtaining regulatory clearance, the range of services that may be supplied, and the

MicroStrategy adds $623M in Bitcoin

MicroStrategy now holds 1% of Bitcoin after adding $623M in BTC

1 month ago 1 min read

MicroStrategy’s Bitcoin holdings have grown to 214,246 after the company purchased 9,245 BTC for $623 million. The company purchased Bitcoin at an average price of $67,382 apiece, with the acquisition being financed by convertible notes and additional cash. Following the US SEC’s approval of eleven Spot Bitcoin exchange-traded futures (ETFs) in 2024, the value of Bitcoin surged to over $73,500, setting a new record. Additionally, MicroStrategy now own over 214,000 Bitcoins with an average investment cost of $35,160 per Bitcoin. The dedication of MicroStrategy to Bitcoin is unwavering, even if the value of Bitcoin has dropped significantly this week. Meanwhile,

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