24H News


Crypto Asset Created By DeFi Powerhouse Set To Surge 10x, Says Tyler Swope

Analyst and trader Tyler Swope says the crypto asset CHI that’s flying under the radar has the potential to surge 10x this altseason. The team behind decentralized finance (DeFi) powerhouse 1inch created CHI in an effort to give its users a way to avoid high trading fees. Swope calls it a hedge against high fees on the Ethereum network, which have skyrocketed in the recent bull run.

Ethereum Interest Can Surpass 2017 Levels As ETH Price Reclaims $1,100

Internet searches and interest in Ethereum are likely to exceed levels in 2017 according to Google Trends. ETH price, meanwhile, has reclaimed $1,100. Data from Google Trends (U.S.) suggests that searches for Ethereum are skyrocketing as its price remains in the four-figure territory. The surge in interest is even predicted to eclipse levels in 2017 when the asset exploded onto the crypto scene, driven by the ICO boom.

Binance Liquidates Over $68 Million In Cryptos In Past Hour

According to JGZ.com, in the last hour, $34.50 million in cryptos was liquidated on OKEx; Huobi Global liquidated $28.58 million in cryptos; Binance liquidated over $68.92 million in cryptos; BitMEX liquidated $10.91 million worth of BTC perpetual contracts.

Commission Income Of Ethereum Miners Is 3x The Block Reward

Citing OKLink, the commission fee income of Ethereum miners is 3 times the block reward. At present, the average income of each block of Ethereum is about 8 ETH, of which the system block reward is 2 ETH, and the remaining 6 ETH is the commission fee income.

Ethereum Market Cap Overtakes Citi And Sony

According to Asset Dash, the market cap of Ethereum has reached $130.24 billion, becoming the 76th largest assets across the globe and overtaking companies like Citi and Sony.

Bitfarms Announces CAD$20.0 Million Private Placement With U.S. Institutional Investors

Bitfarms Ltd., a Canadian publicly listed bitcoin mining operation, has entered into subscription agreements with certain institutional investors for gross proceeds of approximately CAD$20.0 million in a private placement in the United States of its equity securities, comprised of 8,888,889 common shares along with warrants to purchase an aggregate of up to 8,888,889 common shares at a purchase price of CAD$2.25 per common share and associated warrant. The warrants have an exercise price of CAD$2.75 per common share and exercise period of three years. The net proceeds of the private placement will be used by the Company principally to acquire additional miners, expand infrastructure, and improve its working capital position.

Effective Hashrate Of Filecoin's Entire Network Marks 1.713 EiB

According to data from filfox.info, as of 05:00 UTC on January 4, the effective hashrate of Filecoin's entire network now marks 1.713 EiB. The FIL production in the last 24 hours reads 244,496 FIL, and the amount of pledge collateral is 27,621,706 FIL. The 24-hour average mining profitability marks 0.1372 FIL/TiB, and the basic rate of Filecoin Gas decreases to 2.29 nanoFIL.

BB: Ethereum Inflation Rises To 26k ETH Per Day

EOS founder Brendan Blumer, also known as BB, stated via Twitter that Ethereum inflation increases with its price - now at 26,000 ETH per day. That is $9,000,000,000 of new capital that needs to enter ETH to maintain these price levels on an annual basis. This is on average much higher inflation than the USD. In a tweet reply, BB pointed out that EOS inflation is fixed at 1% per annum and delivers thousands of times the performance, And EOS has robust clean documentation, and is truly decentralized.

88mph To Launch "Fractionalized Zero-Coupon Bond"

DeFi fixed interest rate generation protocol 88mph announced that FYI, a new feature "Fractionalized zero-coupon bond," is under audit by PeckShield. The report will be published after Jan 9th, alongside the audit report of its smart contracts v2. "It'll unlock new use cases like selling zero-coupon bonds with your own set up on Uniswap or Sushiswap. Your zero coupon-bond buyers will be able to redeem the full face value of their bond at maturity directly on 88mph," it said in a tweet reply.

Badger DAO To Airdrop 0.5% Of Total DIGG Supply To MEME x Badger NFT Holders

Decentralized autonomous organization Badger DAO took to Twitter to announce that 0.5% of the total DIGG supply will be airdropped to MEME x Badger collection NFT holders at launch. Thereinto, 80% are holders, while 20% are those who staked.
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