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Bitcoin Options Expire

The bitcoin and ethereum options on Deribit, one of the largest crypto derivatives exchange, expired earlier today. This month saw the largest open interest in...

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Polygon Launches Mobile Burning Capabilities for $MATIC Tokens

Polygon (MATIC) Technical Analysis

Ethereum layer scaling solution Polygon has announced the launch of a mobile burning mechanism for its native $MATIC token. While Polygon revealed its MATIC burning console weeks ago, the company has recently launched an integrated build for its mobile app which is now available for Polygon’s mobile wallet suite. “Burning MATIC tokens is an amazing way to help contribute to the MATIC ecosystem, and by our estimates we may burn around 0.27% of total supply per year,” the announcement release stated. You can now support the #Polygon ecosystem and burn $MATIC tokens on your mobile. Why burn? ⚖ Deflationary tokens are good for all⛽ Predictable gas prices for your transactions👛 Better value for validators and delegators Check out now 👇https://t.co/qK7XD5jd0Q — Polygon Developers 💜 (@0xPolygonDevs) March 25, 2022 MATIC tokens deflationary characteristics will induce more burning for more tokens, and will provide a balance for the protocol that will result in better predictions in terms of gas prices. This is because token burns and smart contract implementations ensure that the gas prices do not fluctuate above a specific level. In addition to the mobile burning capabilities, users can also use the Polygon Token Lists to check out investment opportunities while also providing token creators with a platform to be visible to the crypto market they are aiming to serve.

The post Polygon Launches Mobile Burning Capabilities for $MATIC Tokens appeared first on Cryptoknowmics-Crypto News and Media Platform.

Chiliz Expands 65% from 2022 lows, CHZ May Rally to $0.28

https://www.cryptoknowmics.com/news/chz-technical-analysis-chz-price-nearing-ascending-triangle-breakout/

Chiliz buyers are in control, surging eight percent on the last trading day versus the USDT. CHZ may surge to $0.33 in Q1 2022 as prices bottom up. Past Performance Chiliz buyers are firmly in the driving seat, rising eight percent in the past 24 hours versus the USDT. At the same time, CHZ is up double digits in the previous trading week, rallying 13 percent in a bullish breakout pattern above a multi-week resistance trend line and wedge. As per the Chiliz price action formation in the daily chart, buyers are in control. Accordingly, every low may offer entries for optimistic traders. Chiliz Technical Analysis After the Bollinger Band squeeze formation, CHZ is rallying, adding 65 percent from 2022 lows at spot rates. Because of the bulls surge, CHZ is at a three-week high, retesting March 2022 highs when writing. The breakout with rising trading volumes and bull bars banding along the upper BB indicates demand. As a result, aggressive traders may find loading opportunities above $0.21. The immediate resistance target would be $0.28 and $0.33—key reaction points in the medium term. If bears flow back below $0.21, CHZ may drop to $0.18 and $0.16. What to Expect of CHZ NFTs in sports already command billions in market cap, and Chiliz is one of the top brands. After sharp losses from Q4 2021, CHZ may print higher in a relieving recovery towards Q1 2022 highs.

The post Chiliz Expands 65% from 2022 lows, CHZ May Rally to $0.28 appeared first on Cryptoknowmics-Crypto News and Media Platform.

Chiliz Expands 65% from 2022 lows, CHZ May Rally to $0.28

https://www.cryptoknowmics.com/news/chz-technical-analysis-chz-price-nearing-ascending-triangle-breakout/

Chiliz buyers are in control, surging eight percent on the last trading day versus the USDT. CHZ may surge to $0.33 in Q1 2022 as prices bottom up. Past Performance Chiliz buyers are firmly in the driving seat, rising eight percent in the past 24 hours versus the USDT. At the same time, CHZ is up double digits in the previous trading week, rallying 13 percent in a bullish breakout pattern above a multi-week resistance trend line and wedge. As per the Chiliz price action formation in the daily chart, buyers are in control. Accordingly, every low may offer entries for optimistic traders. Chiliz Technical Analysis After the Bollinger Band squeeze formation, CHZ is rallying, adding 65 percent from 2022 lows at spot rates. Because of the bulls surge, CHZ is at a three-week high, retesting March 2022 highs when writing. The breakout with rising trading volumes and bull bars banding along the upper BB indicates demand. As a result, aggressive traders may find loading opportunities above $0.21. The immediate resistance target would be $0.28 and $0.33—key reaction points in the medium term. If bears flow back below $0.21, CHZ may drop to $0.18 and $0.16. What to Expect of CHZ NFTs in sports already command billions in market cap, and Chiliz is one of the top brands. After sharp losses from Q4 2021, CHZ may print higher in a relieving recovery towards Q1 2022 highs.

The post Chiliz Expands 65% from 2022 lows, CHZ May Rally to $0.28 appeared first on Cryptoknowmics-Crypto News and Media Platform.

Ukraine Government Launches It’s NFT Museum Of War

NFT Museum Of War

To raise funds to assist its army and civilians who have been harmed by the ongoing Russian attack, Ukraine has launched its NFT museum of war. With just a few days having passed since Russia began its invasion of Ukraine, the Ukrainian government announced an appeal for contributions in cryptocurrencies such as Bitcoin, Ether, and USDT to aid in the support of its soldiers and citizens who had been displaced by the invasion. The response to this appeal for donations was overwhelmingly encouraging from the crypto community. According to Elliptic, a cryptocurrency analytics company, the appeal for donations netted more than $60 million in contributions. After previously planning to issue an airdrop to people who have donated crypto to help the country, Ukraine decided to go with an NFT project instead, hoping that more individuals will donate as a result of the sale of NFTs, as donors will have confirmation that they have made a donation. Ukraine’s NFT Museum of War The museum, which is named Meta History: Museum of War, was established to commemorate the Ukrainian identity and independence with NFTs depicting various days of the ongoing war. In it, a variety of digital images are shown, including warplane silhouettes, cartoon explosion images, and various photos of news stories.  A statement from Ukraine’s Ministry of Digital Transformation said that the project’s purpose is to preserve the memory of the genuine events of the war period, to transmit honest information throughout the digital community across the globe, and to collect contributions for the assistance of Ukraine. According to the website, each NFT will be sold for 0.15 ETH, and all revenues from the sale will be deposited into the country’s cryptocurrency wallet. NFTs are digital tokens that can be sold and traded. They contain valuable data stored on a blockchain, which is a type of digital ledger. It seems the Ukrainian government is looking to take advantage of the recent popularity of NFTs to bring in donations. 

The post Ukraine Government Launches It’s NFT Museum Of War appeared first on Cryptoknowmics-Crypto News and Media Platform.

Ukraine Government Launches It’s NFT Museum Of War

NFT Museum Of War

To raise funds to assist its army and civilians who have been harmed by the ongoing Russian attack, Ukraine has launched its NFT museum of war. With just a few days having passed since Russia began its invasion of Ukraine, the Ukrainian government announced an appeal for contributions in cryptocurrencies such as Bitcoin, Ether, and USDT to aid in the support of its soldiers and citizens who had been displaced by the invasion. The response to this appeal for donations was overwhelmingly encouraging from the crypto community. According to Elliptic, a cryptocurrency analytics company, the appeal for donations netted more than $60 million in contributions. After previously planning to issue an airdrop to people who have donated crypto to help the country, Ukraine decided to go with an NFT project instead, hoping that more individuals will donate as a result of the sale of NFTs, as donors will have confirmation that they have made a donation. Ukraine’s NFT Museum of War The museum, which is named Meta History: Museum of War, was established to commemorate the Ukrainian identity and independence with NFTs depicting various days of the ongoing war. In it, a variety of digital images are shown, including warplane silhouettes, cartoon explosion images, and various photos of news stories.  A statement from Ukraine’s Ministry of Digital Transformation said that the project’s purpose is to preserve the memory of the genuine events of the war period, to transmit honest information throughout the digital community across the globe, and to collect contributions for the assistance of Ukraine. According to the website, each NFT will be sold for 0.15 ETH, and all revenues from the sale will be deposited into the country’s cryptocurrency wallet. NFTs are digital tokens that can be sold and traded. They contain valuable data stored on a blockchain, which is a type of digital ledger. It seems the Ukrainian government is looking to take advantage of the recent popularity of NFTs to bring in donations. 

The post Ukraine Government Launches It’s NFT Museum Of War appeared first on Cryptoknowmics-Crypto News and Media Platform.

Gas Giant ExxonMobil Will Soon Mine Bitcoin With Natural Gas

ExxonMobil

Since January 2021, the oil and gas giant ExxonMobil has been operating a pilot project to power Bitcoin mining operations.  Overview of the Pilot Project The pilot project’s objective is to utilize ‘wasted gas’ from its North Dakota oil wells to power Bitcoin mining operations. ExxonMobil, the largest oil producer in the United States, intends to expand the project into other nations as well.  These include Nigeria’s Qua Iboe Terminal, Argentina’s Vaca Muerta Shale formation, as well as Alaska, Guyana, and Germany. Reportedly, each month the project consumes 18 million cubic feet of natural gas. Due to a shortage of pipelines, the extra natural gas would normally be burned or flared. New Partnership for ExxonMobil ExxonMobil also unveiled an arrangement with Crusoe Energy Systems that allows the latter to power mobile generators. These are utilized for the Bitcoin mining servers on-site with the gas derived from Bakken Shale Oil Wells.  A representative of ExxonMobil disclosed in a statement that the multination conglomerate had been continually looking for ways to reduce its gas flaring volumes. However, ExxonMobil’s spokesperson denied clarifications on the company’s need to utilize natural gas for Bitcoin mining.  In conclusion, there have been multiple research papers emphasizing the role of Bitcoin mining in promoting renewable energy sources. Thereby, using natural gases that could be flared can assist in lessening the impact of the process on the environment, leading to a win-win scenario.   

The post Gas Giant ExxonMobil Will Soon Mine Bitcoin With Natural Gas appeared first on Cryptoknowmics-Crypto News and Media Platform.

Tag Template - News Hub PRO CoinGenius Hosts Virtual Crypto Event The Road To Mass Adoption

Gas Giant ExxonMobil Will Soon Mine Bitcoin With Natural Gas

ExxonMobil

Since January 2021, the oil and gas giant ExxonMobil has been operating a pilot project to power Bitcoin mining operations.  Overview of the Pilot Project The pilot project’s objective is to utilize ‘wasted gas’ from its North Dakota oil wells to power Bitcoin mining operations. ExxonMobil, the largest oil producer in the United States, intends to expand the project into other nations as well.  These include Nigeria’s Qua Iboe Terminal, Argentina’s Vaca Muerta Shale formation, as well as Alaska, Guyana, and Germany. Reportedly, each month the project consumes 18 million cubic feet of natural gas. Due to a shortage of pipelines, the extra natural gas would normally be burned or flared. New Partnership for ExxonMobil ExxonMobil also unveiled an arrangement with Crusoe Energy Systems that allows the latter to power mobile generators. These are utilized for the Bitcoin mining servers on-site with the gas derived from Bakken Shale Oil Wells.  A representative of ExxonMobil disclosed in a statement that the multination conglomerate had been continually looking for ways to reduce its gas flaring volumes. However, ExxonMobil’s spokesperson denied clarifications on the company’s need to utilize natural gas for Bitcoin mining.  In conclusion, there have been multiple research papers emphasizing the role of Bitcoin mining in promoting renewable energy sources. Thereby, using natural gases that could be flared can assist in lessening the impact of the process on the environment, leading to a win-win scenario.   

The post Gas Giant ExxonMobil Will Soon Mine Bitcoin With Natural Gas appeared first on Cryptoknowmics-Crypto News and Media Platform.

Gas Giant ExxonMobil Will Soon Mine Bitcoin With Natural Gas

ExxonMobil

Since January 2021, the oil and gas giant ExxonMobil has been operating a pilot project to power Bitcoin mining operations.  Overview of the Pilot Project The pilot project’s objective is to utilize ‘wasted gas’ from its North Dakota oil wells to power Bitcoin mining operations. ExxonMobil, the largest oil producer in the United States, intends to expand the project into other nations as well.  These include Nigeria’s Qua Iboe Terminal, Argentina’s Vaca Muerta Shale formation, as well as Alaska, Guyana, and Germany. Reportedly, each month the project consumes 18 million cubic feet of natural gas. Due to a shortage of pipelines, the extra natural gas would normally be burned or flared. New Partnership for ExxonMobil ExxonMobil also unveiled an arrangement with Crusoe Energy Systems that allows the latter to power mobile generators. These are utilized for the Bitcoin mining servers on-site with the gas derived from Bakken Shale Oil Wells.  A representative of ExxonMobil disclosed in a statement that the multination conglomerate had been continually looking for ways to reduce its gas flaring volumes. However, ExxonMobil’s spokesperson denied clarifications on the company’s need to utilize natural gas for Bitcoin mining.  In conclusion, there have been multiple research papers emphasizing the role of Bitcoin mining in promoting renewable energy sources. Thereby, using natural gases that could be flared can assist in lessening the impact of the process on the environment, leading to a win-win scenario.   

The post Gas Giant ExxonMobil Will Soon Mine Bitcoin With Natural Gas appeared first on Cryptoknowmics-Crypto News and Media Platform.

Gas Giant ExxonMobil Will Soon Mine Bitcoin With Natural Gas

ExxonMobil

Since January 2021, the oil and gas giant ExxonMobil has been operating a pilot project to power Bitcoin mining operations.  Overview of the Pilot Project The pilot project’s objective is to utilize ‘wasted gas’ from its North Dakota oil wells to power Bitcoin mining operations. ExxonMobil, the largest oil producer in the United States, intends to expand the project into other nations as well.  These include Nigeria’s Qua Iboe Terminal, Argentina’s Vaca Muerta Shale formation, as well as Alaska, Guyana, and Germany. Reportedly, each month the project consumes 18 million cubic feet of natural gas. Due to a shortage of pipelines, the extra natural gas would normally be burned or flared. New Partnership for ExxonMobil ExxonMobil also unveiled an arrangement with Crusoe Energy Systems that allows the latter to power mobile generators. These are utilized for the Bitcoin mining servers on-site with the gas derived from Bakken Shale Oil Wells.  A representative of ExxonMobil disclosed in a statement that the multination conglomerate had been continually looking for ways to reduce its gas flaring volumes. However, ExxonMobil’s spokesperson denied clarifications on the company’s need to utilize natural gas for Bitcoin mining.  In conclusion, there have been multiple research papers emphasizing the role of Bitcoin mining in promoting renewable energy sources. Thereby, using natural gases that could be flared can assist in lessening the impact of the process on the environment, leading to a win-win scenario.   

The post Gas Giant ExxonMobil Will Soon Mine Bitcoin With Natural Gas appeared first on Cryptoknowmics-Crypto News and Media Platform.

LG Electronics Incorporates Digital Assets and Blockchain in Business

LG Electronics Incorporates Digital Assets and Blockchain in Business

On March 24, 2022, the tech powerhouse giant, LG Electronics shared an announcement at the Annual General Meeting.  LG Enters The Crypto Space As part of its expansion plan, the South Korean conglomerate intends to incorporate three areas in its business sectors. These include cryptocurrency (digital assets), blockchain, and medical devices.  During the corporation’s meeting, key shareholders approved of the new business goals. These goals entail the sale of cryptocurrencies and the development of blockchain-based software.  Inspired by Samsung Following the electronics multinational corporation Samsung’s venture into the NFT space, LG Electronics also expressed its piquing interest in the virtual world.  Last month, LG Electronics partnered with GroundX, a blockchain platform. The move was initiated with the objective of offering users an immersive NFT experience on their smart televisions.  With the latest announcement, LG can install NFT platforms that enable the trade of NFT artworks (collectibles) on LG’s smart television. Additionally, the company introduces another application as well. Drops Gallery, a digital art application allows people with smart TVs to enjoy rare digital artworks and cloud game services.  Ever-Evolving South Korean Crypto Market Leading multinational tech giants of South Korea including LG, Samsung, and the SK Group are reportedly expanding enormously in the crypto and blockchain markets. Samsung and LG have built their presence in digitized markets with the introduction of crypto, NFT, and blockchain features on their products.  The South Korean President Yoon Suk-yeol guarantees deregulation of crypto, reduction of tax, and a push towards the NFT sector. Thereby, under the rule of the crypto-friendly South Korean President, it is guaranteed that crypto adoption will surely flourish in the East Asian country.

The post LG Electronics Incorporates Digital Assets and Blockchain in Business appeared first on Cryptoknowmics-Crypto News and Media Platform.

LG Electronics Incorporates Digital Assets and Blockchain in Business

LG Electronics Incorporates Digital Assets and Blockchain in Business

On March 24, 2022, the tech powerhouse giant, LG Electronics shared an announcement at the Annual General Meeting.  LG Enters The Crypto Space As part of its expansion plan, the South Korean conglomerate intends to incorporate three areas in its business sectors. These include cryptocurrency (digital assets), blockchain, and medical devices.  During the corporation’s meeting, key shareholders approved of the new business goals. These goals entail the sale of cryptocurrencies and the development of blockchain-based software.  Inspired by Samsung Following the electronics multinational corporation Samsung’s venture into the NFT space, LG Electronics also expressed its piquing interest in the virtual world.  Last month, LG Electronics partnered with GroundX, a blockchain platform. The move was initiated with the objective of offering users an immersive NFT experience on their smart televisions.  With the latest announcement, LG can install NFT platforms that enable the trade of NFT artworks (collectibles) on LG’s smart television. Additionally, the company introduces another application as well. Drops Gallery, a digital art application allows people with smart TVs to enjoy rare digital artworks and cloud game services.  Ever-Evolving South Korean Crypto Market Leading multinational tech giants of South Korea including LG, Samsung, and the SK Group are reportedly expanding enormously in the crypto and blockchain markets. Samsung and LG have built their presence in digitized markets with the introduction of crypto, NFT, and blockchain features on their products.  The South Korean President Yoon Suk-yeol guarantees deregulation of crypto, reduction of tax, and a push towards the NFT sector. Thereby, under the rule of the crypto-friendly South Korean President, it is guaranteed that crypto adoption will surely flourish in the East Asian country.

The post LG Electronics Incorporates Digital Assets and Blockchain in Business appeared first on Cryptoknowmics-Crypto News and Media Platform.

LG Electronics Incorporates Digital Assets and Blockchain in Business

LG Electronics Incorporates Digital Assets and Blockchain in Business

On March 24, 2022, the tech powerhouse giant, LG Electronics shared an announcement at the Annual General Meeting.  LG Enters The Crypto Space As part of its expansion plan, the South Korean conglomerate intends to incorporate three areas in its business sectors. These include cryptocurrency (digital assets), blockchain, and medical devices.  During the corporation’s meeting, key shareholders approved of the new business goals. These goals entail the sale of cryptocurrencies and the development of blockchain-based software.  Inspired by Samsung Following the electronics multinational corporation Samsung’s venture into the NFT space, LG Electronics also expressed its piquing interest in the virtual world.  Last month, LG Electronics partnered with GroundX, a blockchain platform. The move was initiated with the objective of offering users an immersive NFT experience on their smart televisions.  With the latest announcement, LG can install NFT platforms that enable the trade of NFT artworks (collectibles) on LG’s smart television. Additionally, the company introduces another application as well. Drops Gallery, a digital art application allows people with smart TVs to enjoy rare digital artworks and cloud game services.  Ever-Evolving South Korean Crypto Market Leading multinational tech giants of South Korea including LG, Samsung, and the SK Group are reportedly expanding enormously in the crypto and blockchain markets. Samsung and LG have built their presence in digitized markets with the introduction of crypto, NFT, and blockchain features on their products.  The South Korean President Yoon Suk-yeol guarantees deregulation of crypto, reduction of tax, and a push towards the NFT sector. Thereby, under the rule of the crypto-friendly South Korean President, it is guaranteed that crypto adoption will surely flourish in the East Asian country.

The post LG Electronics Incorporates Digital Assets and Blockchain in Business appeared first on Cryptoknowmics-Crypto News and Media Platform.

Tag Template - News Hub PRO CoinGenius Hosts Virtual Crypto Event The Road To Mass Adoption

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