After Bitcoin Hash Rate, Difficulty Makes a New All-Time High Just 2 Months Post Halving

Today, Bitcoin’s difficulty has hit an all-time high. The difficulty re-adjustment has completed with a 9.89% increase this time, reaching a “sky-high” 17.35 trillion.

Since early November 2019, bitcoin difficulty has been on a constant increase until in late March after the bitcoin halving, the difficulty saw a downward adjustment of 15.7% from the previous ATH.

CoinWarz-BTC-Difficulty
Source: CoinWarz

In mid-June, bitcoin difficulty had a 14.5% jump, the biggest since January 2018. The last positive adjustment was just a speck on the chart, but today’s positive adjustment marks the full recovery of difficulty in just two months post-halving that reduced the rewards per block from 12.5 BTC to 6.25 BTC.

Bitcoin mining difficulty adjusts every 2016 blocks or roughly 14 days based on the hashing power competing for the rewards on the network.

The Bitcoin network made it most difficult to mine BTC after miners allocated more resources than ever to generate the digital asset.

Bitcoin hash rate made a new high last week, as per Blockchain.com. This jump in both the fundamentals came amidst China’s rainy season, which has made it cheaper to mine bitcoin by reducing the cost of electricity.

Given that China accounts for 65% of bitcoin’s mining power, it makes sense. Moreover, reportedly, the disruption in the supply chain due to coronavirus pandemic is also resolved.

Besides the rainy season in Sichuan, investment is flowing with the new generations of miners are also helping with the situation. While ASIC companies are rolling out new mining machines such as Bitmain’s Antminer S19 Pro and Whatsminer M30S++ by MicroBT, several miners have buying bulk of them.

Moreover, a regulatory filing unveiled that asset management giant Fidelity holds about 10.6% stake in Canada-based mining firm Hut 8.

As the hash rate and difficulty have surged, the hash ribbons have also given a buy signal as Bitcoin remains stuck in a range. However, today, BTC has jumped by 1% to above $9,300.

Besides these two important fundamentals of the network, the world’s leading cryptocurrency market cap of $171 billion saw other aspects making new highs as well.

The realized market cap of bitcoin that discount lost coins and values the supply when it was last moved has reached nearly $107 billion after being on a constant uptrend since April 2020, as per Coin Metrics.

During all this, accumulation is growing strong with a record number of addresses, over 3 million now holding more than 0.1 BTC and hodlers keeping steady with a record 62% of BTC not moved in the past year, not even during the March crash.

Overall, the bitcoin network is strong and seeing growth; now, all eyes are on the price.

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Author: AnTy

EOS’s Voice Goes Live; Ethereum Co-founder has ‘Regrets’ & Cardano Creator Feels Rivals Getting ‘Worried’

Today, Voice is officially live.

Salah Michael Zalatimo, CEO at Voice posted an update that starting July 4, 2020, registered community members can publish while everyone can read the posts.

The company was preparing for a “big reveal in the fall—but things changed,” wrote Zalatimo. And now they decided to open their platform and invite the community to be part of the building process on which they have been working on for months.

Beginning August 15th, everyone that is already registered will be able to invite their friends to join Voice and in fall, a variety of features will be released.

“This global moment has fully exposed the corrupt social spaces created by Big Tech. It’s time to break away and put humans first,” reads the post.

Brief Early Release

EOSIO-based social media platform Voice developed by Block.one, the company behind the cryptocurrency EOS briefly went live yesterday before its scheduled launch.

First revealed in June 2019, Voice temporarily started displaying several posts with multiple likes and comments only to flash ‘Error 1020’ later on.

Cardano creator and CEO of IOHK, Charles Hoskinson took to Twitter to share his views as to the reason behind this temporary early release.

One Cardano enthusiast echoed Hoskinson’s sentiments pointing to Ethereum co-founder Vitalik Buterin talking about handling Ether’s creation differently had he done it now. Hoskinson also co-founded Ethereum.

“Definitely a lot of regrets and wasted time,” he said on “Hashing it Out” podcast about all the time taking in sharding and proof-of-stake.

“We definitely did kind of underestimate how much time it would take to finish a lot of the things that we didn’t start back in 2015,” he said.

In the past two-days, IOHK’s Cardano has released a number of big announcements that have seen the price of ADA surge 20% and 193% YTD. These gains have the cryptocurrency climbing to the 6th spot, as per Messari.

Yesterday, it was also announced that IOHK has signed an agreement with Coinbase Custody, and from Q4 2020, users can take their ADA right from Coinbase’s cold storage. Staking rewards will be coming to Cardano in mid-August.

It won’t’ be a surprise if ADA will also be listed on the US-based cryptocurrency exchange soon.

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Author: AnTy

Odds Are In The Bears’ Favor As Bitcoin Is Back on the Downslide

Bitcoin is on a downslide today, moving as low as $9,231. Currently, BTC/USD is trading around $9,350 with a 24 hours loss of 4.55% while managing the daily ‘real’ trading volume of $1.4 billion.

Coin360-price
Source: Coin360

Bitcoin in red has the altcoins incurring losses as well, but for now, the downslide among the altcoins isn’t that harsh. Since early May, Bitcoin’s dominance is actually on a downtrend, going from nearly 69% to 64.65%, which has been the result of altcoins pumping while leading cryptocurrency continues to range.

Now, according to market traders, the odds are in the bears’ favor. But this doesn’t mean, bitcoin will crash to $4k levels as seen in March 2020, $7,000 makes for a somewhat reasonable bear scenario as it would test the first breakout area, said trader Nik Patel.

Trader DonAlt is expecting to see bitcoin to drop to $8,600 sometime soon.

“Big picture we’re still trading in a trading range that had a false breakout to the upside resulting in a down move,” he said. “Makes shorts overall more attractive than longs.”

Analyst – The Cryptomist – is of a similar opinion, as she points out two possible scenarios, both of which are bearish.

According to her, a rising wedge would see us going to $10,000 only to drop while a descending triangle means a significant drop is coming soon.

However, as per the MVRV ratio, bitcoin’s “upside potential remains large.”

Market Value to realized Value (MVRV) ratio indicates whether bitcoin has been trading above or below its fair value relative to its realized price. A ratio between 1 and 2 means BTC could be undervalued while a higher ratio implies overvaluation. Currently, the MVRV ratio is at 1.6, remaining at relatively low levels despite the recent price surge. Also:

Meanwhile, in the US stock market, the tech-heavy Nasdaq composite set the 5th record this month and 21st record of the year, its best winning streak since 1999. Big technology stocks are the ones that are leading much of this rally.

“There’s a lot of money on the sidelines, and as the country reopens, as the economy recovers, that money will be forced back in,” said Thomas Hayes, managing member at Great Hill Capital LLC in New York.

However, fresh highs for tech stocks while volatility remains elevated and may pose trouble for the S&P 500 index, according to BTIG LLC. On Tuesday, while Nasdaq reached a record high, fellow American indexes S&P 500, Dow Jones, and Russell 2000 failed to hit their own new ATH.

US stocks more commonly record gains during periods of low volatility or risk reversal after blowouts of the kind seen during March and April, it said.

And Bitcoin is correlated and cointegrated with the equities market. Anti-China measures and an FED temper-tantrum caused the last three dips in Bitcoin and S&P 500, and coronavirus said analyst PlanB.

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Author: AnTy

Binance Lists DigiByte (DGB) with ‘0 BNB’ Fee; “Big Win for the Future of True Decentralization”

Today, leading spot cryptocurrency exchange Binance announced that it is listing DigiByte (DBT) for “0 BNB.”

Trading for DGB/BTC, DGB/BNB, and DGB/BUSD pairs will be opened at 2:00 PM (UTC) on June 22nd, 2020.

“You asked for it, we listened. Had to filter through “some noise” on this one, lol. It would have happened sooner otherwise,” said Binance CEO Changpeng Zhao “CZ” about the listing.

In response to the listing, the price of DGB jumped 40% and is currently trading at $0.0217. The 34th largest cryptocurrency by market cap of $290 million is up 300% YTD but still down 85% from its all-time high.

Source: TradingView

DigiByte founder Jared Tate called this a “big win or everyone & the future of truly decentralized blockchain Tech.” He added,

“To my surprise & many others Binance freely listed DigiByte w/o any requests/ stipulations just as any exchange can do. No permission required. Thank you CZ, Binance team & DGB fam!”

DigiByte-twitter

Looks like Tate would be burying the hatchet now that DGB is listed on Binance after being in a months-long feud with Binance and CZ.

Just as recently as December, Tate has called CZ a “crook” along with Tron co-founder and CEO Justin Sun who acquired the cryptocurrency exchange Poloniex which then threatened to delist the cryptocurrency.

This feud first started in September when Tate took to Twitter to accuse Binance’s team of asking him $300,000 and 3% of all DGB to list the digital currency. But now, with “0 BNB” fees DGB is available for all the retail and institutional investors of Binance.

However, some are still questioning Binance’s move as the listing came just over a month after Tate announced that he is stepping down from handling the daily operations while accusing the crypto community of becoming “co-opted [and] eroded by greed.”

“Every day I see this tech being used to enrich the few at the expense of the long term good of the many,” he said at that time. He also warned that “the centralization of this industry will be its undoing if we let it.”

Ambroid-twitter-dgb-binance

“Was there pushback from Binance side towards the rest of the DGB team/inner circle? This might have been another hidden power move that shows how much influence Binance has over the cryptos listed on there,” questioned one Twitter user.

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Author: AnTy

Capital Flowing Is Into Small-Caps and DeFi Space as Bitcoin Consolidates

The price of bitcoin consolidated in a narrow range last week but without any catalyst. Today, the leading cryptocurrency is recording some gains of 1.20% while trading above $9,450.

Volume is also extremely low across the board, while bitcoin futures having its slowest session since January, ‘real’ spot volume also dropped below $1 billion.

While the price has been relatively stable for some time now, altcoins are posting gains alongside DeFi tokens that have doubled their market capitalization.

This growth was led by Compound who was listed on Coinbase Pro last week and today the trading will go live.

COMP’s stellar performance had people chasing other DeFi tokens that resulted in Aave (LEN) surging 85% in the past week, Melon Protocol 78%, and Hydro Protocol 48%.

Today, the DeFi market cap has jumped past $6 billion, despite many of the tokens recording losses.

Interestingly, the total value locked in the decentralized finance sector has made a new all-time high today at $1.51 billion.

About this growth, analyst Wolf said, “ETH/BTC ready to drive BTC.dominance off a cliff.”

The amount of ETH locked in space has also reached 3 million, however, the peak was 3.2 million ETH on February 2, 2020. The amount of BTC locked in DeFi was at its ATH at 6.79k last week is currently around 5.8k BTC, as per DeFi Pulse.

Small Cap Coins Outperforming Large Caps

When it comes to altcoins, among the top 10 cryptos, ETH is recording the highest gains of just over 3%. Etherem’s popularity in 2020 is the result of not only the growing focus on DeFi but also Tether which is growing exponentially on the Ethereum network and there is much anticipation and accelerated efforts towards the transition from proof of work (PoW) to proof of stake (PoS). Skew noted,

“Stable coins and DeFi seems like a more sustainable product/market fit for Ethereum compared to ICOs in 2017 but the market doesn’t see it (yet?) necessarily as adding as much $ value for ether.”

Other altcoins generating profits are DigiByte (24.91%), Ontology (10.92%), OMG Network (10.14%), VeChain (10%), Chainlink (5%), and NEO (4.43%).

Small caps are, however, the ones shining, Acute Angle Cloud is up a whopping 3875%, as per Messari. Thrive Token (65%), Elysian (60%), Open Platform (43%), Martyx (34%), and others are among the small-cap coins recording substantial greens.

In 2020 so far, the small-cap index is up 42% while the large-cap index is up 28%. However, the challenge with small-cap coins is they are a lot less liquid and a lot more volatile. This means transactions costs are higher here.

Given that they have extremely low volume, they are easy to manipulate as well. While small caps outperform large cap coins, they also crash harder when markets fall.

“In traditional markets, such a dynamic would be most welcomed by the bulls, largely because it shows growing risk appetite,” said Denis Vinokourov of Bequant about small-cap assets outperform large cap ones. But small cap assets tend to be more volatile and less liquid. “As such, capital flow into such assets are seen as a sign of market confidence,” he said.

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Author: AnTy

Bitcoin Records Biggest Network Difficulty Adjustment of 15% Since January 2018

Today, Bitcoin recorded its biggest upward adjustment of +15% since January 2018. The last two adjustments were lower by -9.29% and -6%, after the halving, as per Coinwarz.

CoinWarz BTC Difficulty Chart
Source: CoinWarz BTC Difficulty Chart

After the halving on May 11th, the hash rate dropped more than 40% and the time to find new blocks jumped to 14 minutes which caused the difficulty to lower.

However, in the first week of June, the hash rate of the bitcoin network started recovering following the downward difficulty adjustment and the block time fell to nearly 7 minutes, as per Bitinfocharts.

Now, with new bitcoin mining machines in the market, China’s rainy season at its peak, and inefficient miners having exit the market, this difficulty adjustment will make it harder to mine bitcoin.

Bitcoin Back into Greens

Price-wise Bitcoin is back in the range.

On Monday, Bitcoin fell amidst a renewal in global risk aversion induced by the growing number of coronavirus cases, with China now working to contain a new outbreak and Chinese economic data disappointing investors.

“The digital currency market is not immune when it comes to flight for cash, as evidenced during the February/March selloff,” said Denis Vinokourov, head of research at Bequant, a London-based digital asset prime broker. “With liquidity sapped away, the unwind resulted in a cascade of exits.”

Yesterday, the digital asset bounced off of the lows on the back of central banks’ dovish tone. And today, we are back to trading above $9,500 with 3.76% gains but with just $1.8 billion in real volume.

According to technical gauges, the short-term bottom has been found at $8,900 with upper support present at $10,000 and is expected to sustain its rally since March.

Investors Busy HODLing

Interestingly, more than 60% of bitcoin’s supply has been inactive for at least 1 year now.

This means crypto investors are not taking profits rather choosing to hold onto their BTC which is up 150% since its March lows in the current uncertain economic scenario.

The last time this much percentage of bitcoin supply was inactive was four years back in 2016.

Meanwhile, “HODL Waves,” where each wave represents the period of time in which a percentage of BTC’s issues supply has been inactive, shows that those holding the coins for more than ten years are up 31% and those holding it for two to three years are also up 26%.

Those holding it for a decade, however, might also include those who have lost their coins.

Bitcoin-UTXO-Age-Distribution-HODL-Waves
Source: Unchained Capital – Bitcoin UTXO Age Distribution

These hodling trends only emphasize investors’ bullish outlook of bitcoin’s future. Also, the smart money moving from weak hands to strong hands as macro trends highlights the value proposition of bitcoin.

Also, “the overall network health remains strong” and the Glassnode compass has solidified its position in the green zone.

Moreover, the bitcoin whale population is growing, now 1882 entities are holding at least 1000 BTC. The last time, this figure was so high was in September 2017 as BTC made its way to $20,000.

Interestingly, the first time these many BTC whales were seen was in March 2016. However, the average balance held by each whale has decreased during the period.

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Author: AnTy

Bitcoin Difficulty Sees 2nd Largest Drop of 2020 to 9.29%; Hashrate & Price Continue to Dance

Today, the bitcoin network difficulty took a drop of 9.29% to 13.73 trillion, as per Coinwarz.

This is the fourth downwards adjustment this year after -0.3% in February, -15.9% in March, and -6% in May. Also, the second largest downward adjustment of 2020.

Bitcoin-Difficulty
Source: CoinWarz – Bitcoin-Difficulty

This decline will make mining bitcoin easier as while difficulty was high, more and more hash power was being added to the network, hash rate is currently near 120 Th/s, making it hard to mine BTC.

Post halving, the time to find the block went over 14 minutes, 40% higher than the average 10 minutes, as per Bitinfocharts.

On May 20, the block time dropped under 10 minutes but soon found its way above 10 minutes and had yet to find the balance.

This downwards difficulty adjustment, the second after the halving will help in bringing the block time to 10 minutes. This adjustment took the difficulty back to early January levels but while the price was under $8k at that time, currently we are trading around $9,750.

On March 10, the bitcoin network difficulty reached its all-time high of 16.5 trillion. At that time, BTC/USD was trading around $8,000.

Hash Rate and Price Dance

After the third bitcoin block halving last month, the bitcoin hash rate dropped nearly 50% from the high of 151.9 Th/s on May 11, the day of halving. Since then, the hash rate has been gradually trending upwards.

“Hashrate and price continue their dance: up and down. Sometimes lagging, sometimes not,” stated F2Pool, the China-based second-largest bitcoin mining pool.

After the bitcoin price crashed in March, revenue per Th/s was not sufficient for some miners to remain profitable as such they had to either switch off or move machines.

Unprofitable miners from China, Canada, USA, or Europe, usually end up in locations like Kazakhstan, Russia, the Middle East, and South America, said to Thomas Heller, Global Business Director at F2Pool.

Bitcoin halving further made things worse for miners as the miner inflow got reduced by 50%. But now, the hydro season is coming in China, which occurs from the end of May to the end of October resulting in the “all-in hosting” price to drop to $0.03/kWh from $.055/kWh.

The drop in cost will make mining less expensive, as such “May’s hashrate growth matches BTC’s move up, despite the post-halving revenue drop.”

Meanwhile, transaction fees, which as a proportion of mining revenue is still significantly higher, are providing some “additional buffer” for miners to keep their older mining rigs online post-halving.

However, over the past week, miners sold more BTC than they generated. The same behavior is seen this week as on June 2nd, the miners sold 9% more BTC than they mined. However, given that miner flow is cut in half, BTC sent to exchanges by miners is low in comparison to pre-halving numbers.

Miners selling might also not really be a bad thing because miners HODL during a weak market as it can’t take the pressure while miners selling indicates the market is well supported.

The miner’s rolling inventory (MRI) is still high at 105% today, above 100% means miners are selling more than they mine and below 100 indicates miners are amassing inventory.

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Author: AnTy

Vitalik Buterin Celebrates Ethereum Layer 2 Scaling; Only ‘Refinement & Deployment’ Left

LRC token jumped 14% today to trade at $0.054.

In 2020 so far the 97th largest cryptocurrency recorded 144% gains but despite that, it is still down 98% from its all-time high.

The ongoing gains have been the result of the monthly update released by the team that the Loopring Exchange has settled over one million trades. Since its launch two months ago, it has traded $14 million in volume through only 1,600+ users.

The most interesting piece of information is that the exchange only paid about 50 ETH for this which means each trade cost only $0.1, thanks to zkRollup.

Zero-knowledge proof (zkRollup) is deployed for layer 2 that increases scalability by processing mass transfer into a single transaction.

“We believe Loopring Exchange and Loopring Pay will become the killer features in our mobile app.

Our users will not be restricted by Ethereum’s ever-rising gas price and congestion, but still enjoy Ethereum’s security guarantees and everything else it offers.”

Loopring Pay, a zkSNARK-based layer-2 fast transfer service is to be released this week for an invite-only beta testing for Loopring Wallet.

It will enable its users to transfer Ether and ERC20 tokens without on-chain Ethereum transactions or gas fees. The transfer fees are reportedly “negligible” thanks to zkRollup. It will also be integrated into Loopring Wallet.

“This is sorely needed on Ethereum right now, as transfers of stablecoins, especially USDT, are among the biggest gas guzzlers,” reads the update.

Interestingly, today, Bitfinex also announced the largest stablecoin by market cap Tether will be integrated into the OMG Network (formerly known as OmiseGo) which will reduce transaction confirmation time and fees because Ethereum is “vulnerable to severe network congestion” under heavy demand.

Ethereum network is already over 90% at capacity and throughout May, it has also been experiencing a very high gas price. Not to mention, ETH 2.0 is still nowhere near its release.

But Ethereum co-founder Viatlik Buterin took to Twitter to shout out to the likes of Loopring, Matic Network, Omise Network, and others that are working on Ethereum’s L2 scaling.

Matic Network’s mainnet is now live with an initial set of validators. The mainnet has also already produced over 43,000 blocks.

“While everyone wasn’t looking, the initial deployment of ethereum’s layer 2 scaling strategy has *basically* succeeded. What’s left is refinement and deployment,” Buterin said.

Although these systems are by and large limited to payments and DEX, these sections are a large part of Ethereum activity.

As for moving these into rollups and plasmas, there is an adoption challenge as it would require the users to have wallets where their coins are stored in either of them. He said,

“Look forward to the future of ethereum scaling! (Including sharding supercharging all of these techniques 100x further down the line).”

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Author: AnTy

Cardano (ADA) Emerging as a ‘Hot Altcoin’ with Shelley Mainnet Launch Set for June 30

At the beginning of this week, ADA was trading at $0.051 and today it spiked 31% to $0.067.

At the time of writing, the 11th largest cryptocurrency by market cap has been trading at $0.0638. While this digital asset is up 93% YTD, it is still down 95% from its all-time high.

Despite these gains this week, Cardano’s mentions on social media remained low with most of the attention remaining on other altcoins like Ether and OMG, as per Santiment.

However, “ADA is quietly creeping up as a hot altcoin as of late.”

Meanwhile, the development activity on the Cardano network continues to rise.

“ADA continues to show signs of strength in the market, and there are some emerging decoupling indications. Year to date, its impressive development activity rate continues to rise,” shared Sentiment.

This uptrend in development activity and the price is because of the launch of much anticipated Shelley update, now just a few weeks away.

Cardano creator and CEO of IOHK Charles Hoskinson revealed the roadmap and official launch date of Shelley upgrade. And the hard fork is slated for June 20.

“Guys wanna know when Shelley is? Let’s tell ya… June 9 – this is when it opens up to everybody. The next date we have for you is June 16, that’s when we start putting things together end-to-end,” he said.

“If everything works without a hitch, June 30 we’re shipping Shelley,” said Hoskinson adding if something does go wrong, the release may get delayed to a week later on July 7. This means all users must update by July 20.

First launched in 2015, Cardano’s Shelley-era aims to deliver “true decentralization.”

“I’m really proud of everybody. It’s been a long time coming and it’s been a difficult year because we’ve had to change the tires while the car is running,” he said.

“What we’re creating is basically the world’s next operating system.”

Hoskinson, who also co-created the second largest blockchain network Ethereum, said Cardano’s virtual summit will happen in early July.

Just a few weeks back, the first Shelley block was produced on testnet within the “friends and family” stage, which Hoskinson said came precisely when it was meant to.

The Shelley Incentivised Testnet already lets holders earn ADA by staking it, which is the process of holding the coins while maintaining the network.

In Cardano’s case, the amount you delegate is one of the ways to stake your coins other than operating a stake pool themselves affects how its PoS protocol Ouroboros chooses who gets to add the next block.

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Author: AnTy

This One Cryptocurrency is in Beast Mode; MainNet 2.0 Launching In 4 Hours

The hottest cryptocurrency in the market today is the Theta Token (THETA) for several reasons.

In the past five days, the price of THETA surged by more than 100% to hit an all-time high of $0.555 today. It also surged over 1,000% from the March crash.

But since then, the price has dropped 30% and is now gradually coming back down to a normal level, currently just under $0.40.

“THETA going beast mode people are thirsty for the pump,” tweeted trader MoonOverlord about the tremendous percent of increase in the price of the cryptocurrency.

This jump in price has the THETA moving to the 30th rank, up from 57th place earlier this month.

“The THETA 1m chart looks like it’s gone through 4 market cycles in the last 12 hours,” said trader Hsaka.

Theta Token is a native asset of the Theta Network whose on-chain operations are powered by another token Theta Fuel (TFUEL). The hard fork will inflate it by 5% and create bigger rewards for stakers.

In the past week, TFUEL price also spiked 300% and 540% in the past month. Ranked 101st, TFUEL is currently down 24% at $0.012.

Mainnet 2.0 Launched Today

Launched in January 2018, Theta Networks a blockchain protocol for improving the quality and reliability of streaming video content.

Its tokens had such a massive rally in the past week all thanks to the launch of Mainnet 2.0 today. In anticipation of the mainnet 2.0 launch, the network was already seeing growth with the on-chain transactions more than doubled the past week.

Also, the Edge Nodes passed 1,821 active nodes that are relaying video streams over the Theta Network to their peers, “creating the global edge network that will power video delivery for platforms around the world.”

All this anticipation and rise in price has the token buzzing on social media, making it the most talked-about blockchain projects after BTC and ETH.

Collaboration with Google

The video delivery network powered by a new blockchain and distributed ledger technology also announced today that Google Cloud is teaming up with Theta Labs. Allen Day, Developer Advocate for Google Cloud said,

“We’re impressed by Theta’s achievements in blockchain video and data delivery.

We look forward to participating as an enterprise validator, and to providing Google Cloud infrastructure in support of Theta’s long-term mission and future growth.”

Google Cloud has joined Theta Network’s Enterprise Validator Program along with the leading spot cryptocurrency exchange Binance, Blockchain Ventures, and gumi.

Yesterday, Binance Futures also launched THETA/USDT perpetual contract with up to 50x leverage with its trading opening on May 27th, 2020 at 08:00 AM (UTC).

The guardian nodes that are available to the public who earn a share of all the new Theta Fuel (TFUEL) generated on Theta blockchain for running it will act as an extra layer of consensus.

Theta is also planning to collaborate with Google’s machine learning, big data initiatives, and artificial intelligence. Not to forget that Google also owns YouTube and which is important for Theta and would make it easier for them to experiment without having to rely on external platforms like AWS.

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Author: AnTy