Monthly Archives: January 2023

California DMV Launches Pilot Program to Manage Auto Records on Tezos Blockchain

• California’s state DMV is launching a pilot program which will use the Tezos blockchain to manage records surrounding automotive ownership. • The goal is to reinforce immutability, reduce and optimize the necessary manpower in logging changes and updates to … Continue reading

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Crypto Firm Vauld Granted Extension to Find Revival Plan

• The crypto lending firm Vauld filed for bankruptcy and subsequently sought protection from Singaporean creditors. • The Singapore high court granted Vauld a three-month creditor protection period, which was later extended till February 28, 2023. • Vauld has received … Continue reading

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Visa, Huobi, and Solaris Partner to Launch Crypto-to-Fiat Debit Card

•Visa has partnered with Huobi and Solaris to launch a debit card that will allow European users to make payments from their crypto accounts. •The debit card is expected to be available in Q2 of 2023 within the European Economic … Continue reading

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Altcoins Rallying: Could the January Effect be Behind the Comeback?

• Altcoins have been showing signs of recovery after suffering a nearly 90% drawdown in most assets. • Gains from many top altcoins have been reminiscent of the previous bull market in Bitcoin and other coins. • This could be … Continue reading

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Dogecoin Mining Profitability 480% Higher than Bitcoin Despite Higher Electricity Rates

• Dogecoin mining profitability is 480% higher than Bitcoin. • Dogecoin miners are reportedly paying $8.22 for electricity while Bitcoin miners are paying $7.22 for electricity. • Despite the higher electricity rates, Dogecoin miners still have higher profit margins. In … Continue reading

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Bitcoin Whales Take a Break: Transactions of $10M+ Drop 19%

• According to the on-chain analytics firm Glassnode, large Bitcoin transactions of more than $10 million now account for only 19% of the total volume, down from 42.8% at the start of November 2022. • The “relative transfer volume breakdown … Continue reading

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