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Token and cryptocurrency functions you need to know
There are different ways to classify tokens and cryptocurrencies, but it's most useful to group them by the functions they perform. This will help you understand the value of each type, which is an essential factor when deciding which crypto asset to invest in.
A bitcoin mining operation powered entirely by "green" nuclear energy has just launched in Pennsylvania. TeraWulf has announced that it will be using the Susquehanna nuclear power station to mine BTC.
The key details about the project:
Nuclear power station capacity – 2.5 GW.
Fixed cost of electricity – $0.02 per kWh for five years.
Planned load – 50,000 mining rigs, 160 MW.
Actual load at present – 8,000 mining rigs.
Computing power – 5.5 EH/s.
With such a low electricity rate, this project promises to be highly profitable even in a bear market. Indeed, it's a far cry from mining BTC in a school's crawlspace! Snoop Dogg, Tyson & Co. What celebrities are involved in crypto?
When a particular industry is pursued by a small group of geeks or experts, it's one thing. But when it starts to be promoted by globally recognized movie stars, athletes, and singers, that's a whole different story. The audience starts to grow exponentially, and the industry itself becomes mainstream.
Silvergate is the second-largest bank in the US that deals with cryptocurrency companies, ranking only after Signature. It acts as a crucial link between the crypto world and traditional fiat currencies.
Recently, Silvergate has decided that the best course of action, given the regulatory changes in the industry, is to gradually wind down its operations and voluntarily liquidate. The closure plan guarantees full repayment of all deposits.
In early March, Silvergate had already announced that it would discontinue the Silvergate Exchange Network (SEN).
Several crypto exchanges have already confirmed that they have not been affected by their association with Silvergate and that their clients' funds are safe. WhiteBIT exchange launches a Web2 to Web3 portal!
WhiteBIT has launched a new Web2 to Web3 portal that enables users to authenticate via a Web3 wallet, making it the first CEX platform globally to offer this feature. As the largest cryptocurrency exchange in Europe, WhiteBIT's move is a significant milestone in the industry. Unity Releases SDK for Blockchain Gaming, Signals New Era for NFT
It seems we are on the brink of a new era in Web3 gaming, as Unity, the leading cross-platform game engine, has released an SDK for connecting to a number of blockchains, such as Solana, Aptos, ImmutableX, Algorand, Flow, Altura and Tezos. Additionally, an SDK has been developed to interact with Metamask, a cryptocurrency wallet.
Ameen Soleimani, one of the first contributors to the scandalous Tornado Cash crypto mixer, has announced the launch of a new mixing service called Primacy Pools, which is based on the TC code.
Now, every hacker and criminal will have a chance to demonstrate that they are not engaging in any malicious activity (but not for sure). What is clear is that honest users will be able to prove that they have not committed fraud and are therefore legitimately using the privacy-enhancing service.
Predictably, the new service uses zero-knowledge proof, which is the main trend of 2023. It is a protocol that confirms information without disclosing it.
Your move, SEC! Can Cryptocurrency Replace the Modern Financial System?
Cryptocurrency has challenged traditional finance and brought new opportunities for users. While some see it as a threat to the established order, others view it as an instrument for improving the modern banking system. What is cryptocurrency really?
Payouts will begin on March 10 and will be made in both BTC and fiat. As of now, the applicants will receive about a fifth of the claim amount.
For 2019, the exchange balance was 142 thousand BTC ($3.3 billion), 143 thousand BCH ($19 million) and $510 million in Japanese yen.
It must be said that the situation with Mt.Gox was so hopeless that many investors perceived the receipt of their coins as a gift from the gods. In addition, bitcoins were lost at a completely different price.
Adam Beck, CEO of lending company Blockstream, says:
“I pretty much wrote off the bitcoins I had on Mt.Gox as a loss. So philosophically, whatever I get now is a cold storage bonus.” 









