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Bigbom(BBO)

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? SAT
Market Cap (Rank#1513)
?
? BTC
Vol 24h
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? BTC
Circulating Supply
335,947,891.17
Max Supply
?
32 days agocryptodaily
Crypto.com Plans To Back Renovation Of Iconic LA Arena
Crypto.com CEO Kris Marszalek has announced that the digital asset exchange is backing the most ambitious makeover and renovations of one of the world’s most iconic indoor sporting venues, the Los Angeles Arena. According to sources, the platform will also support a nine-figure investment in renovations. A Chance To Enhance Fan Experience The exchange announced the news in a press release outlining plans to spend hundreds of millions of dollars. The upgrade and renovations planned for the Crypto.com Arena are designed to enhance fan experience significantly at the venue and the surrounding plaza, reimagining all aspects of the venue and its surroundings. The plans and renovations were launched earlier in the Summer and are scheduled to be completed by 2024. Despite the significant renovations, the arena is scheduled to remain open during this time and, when completed, would mark a new chapter in the legendary venue’s history. AEG To Lead Renovations The renovations are set to be spearheaded by Anschutz Entertainment Group (AEG), which has brought on board the original venue designers, Dan Meis and Ron Turner, to assist with the redesign and redevelopment. AEG has already announced a nine-figure investment to finance capital investments and property-wide upgrades to the stadium and LA LIVE’s Xbox Plaza. Kelly Cheeseman, Chief Operating Officer at AEG Sports, stated, “This comprehensive and wide-ranging project is the most significant reimagining of our home in the history of our arena. The upgrades will not only improve everybody’s experience, but it will also provide a new life and energy into our arena beginning this fall. When completed, we will have worked from floor to ceiling to enhance every fan’s overall experience.” Kris Marszalek, Founder, and CEO of Crypto.com talked about the partnership with AEG, stating, “We’re just at the beginning of our long-term partnership, and we’re excited to support AEG’s investment in this renovation, demonstrating our joint commitment to ensure Crypto.com Arena maintains its status as a global icon.” Project Highlights There will be several extensive changes that will be made to the arena over the course of the renovations. Some of the highlights of the project include A new and reimagined city view terrace including indoor-outdoor seating and entertainment experiences The arena’s first-ever multi-level tunnel club featuring new hospitality spaces and an exclusive event-level viewing experience. A new expanded, and reimagined Chairman’s Club The creation of the arena’s first ever Main Concourse suites New LED screens and ribbon boards will be visible to upper and lower bowl seating areas. A redesigned Impact Sports Bar & Grill Improvements on the Main Concourse and upgrades to the Upper-Level concourse Redesigned dining areas in the Yaamava and Lexus Clubs Redesigned Platinum and Suite Level Entrances and Concourses throughout the venue The Crypto.com Arena is home to the Los Angeles Lakers and Clippers. It is also home to the WNBA’s Sparks and the NHL’s Kings. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
32 days agocryptodaily
Crypto.com Plans To Back Renovation Of Iconic LA Stadium
Crypto.com CEO Kris Marszalek has announced that the digital asset exchange is backing the most ambitious makeover and renovations of one of the world’s most iconic indoor sporting venues, the Los Angeles Arena. According to sources, the platform will also support a nine-figure investment in renovations. A Chance To Enhance Fan Experience The exchange announced the news in a press release outlining plans to spend hundreds of millions of dollars. The upgrade and renovations planned for the Crypto.com Arena are designed to enhance fan experience significantly at the venue and the surrounding plaza, reimagining all aspects of the venue and its surroundings. The plans and renovations were launched earlier in the Summer and are scheduled to be completed by 2024. Despite the significant renovations, the arena is scheduled to remain open during this time and, when completed, would mark a new chapter in the legendary venue’s history. AEG To Lead Renovations The renovations are set to be spearheaded by Anschutz Entertainment Group (AEG), which has brought on board the original venue designers, Dan Meis and Ron Turner, to assist with the redesign and redevelopment. AEG has already announced a nine-figure investment to finance capital investments and property-wide upgrades to the stadium and LA LIVE’s Xbox Plaza. Kelly Cheeseman, Chief Operating Officer at AEG Sports, stated, “This comprehensive and wide-ranging project is the most significant reimagining of our home in the history of our arena. The upgrades will not only improve everybody’s experience, but it will also provide a new life and energy into our arena beginning this fall. When completed, we will have worked from floor to ceiling to enhance every fan’s overall experience.” Kris Marszalek, Founder, and CEO of Crypto.com talked about the partnership with AEG, stating, “We’re just at the beginning of our long-term partnership, and we’re excited to support AEG’s investment in this renovation, demonstrating our joint commitment to ensure Crypto.com Arena maintains its status as a global icon.” Project Highlights There will be several extensive changes that will be made to the arena over the course of the renovations. Some of the highlights of the project include A new and reimagined city view terrace including indoor-outdoor seating and entertainment experiences The arena’s first-ever multi-level tunnel club featuring new hospitality spaces and an exclusive event-level viewing experience. A new expanded, and reimagined Chairman’s Club The creation of the arena’s first ever Main Concourse suites New LED screens and ribbon boards will be visible to upper and lower bowl seating areas. A redesigned Impact Sports Bar & Grill Improvements on the Main Concourse and upgrades to the Upper-Level concourse Redesigned dining areas in the Yaamava and Lexus Clubs Redesigned Platinum and Suite Level Entrances and Concourses throughout the venue The Crypto.com Arena is home to the Los Angeles Lakers and Clippers. It is also home to the WNBA’s Sparks and the NHL’s Kings. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
53 days agocoindesk
Rare Signal Hinting at Bitcoin Price Bottom Emerges
Bitcoin's difficulty ribbon is compressing, hinting at miner capitulation and market bottom.
67 days agocryptopotato
Asia-Focused Multi-Currency Stablecoin Protocol, Bluejay Finance, Raises $2.9M
[PRESS RELEASE – Singapore, Singapore, 20th July 2022] Bluejay Finance, a capital-efficient decentralized stablecoin protocol for issuing stablecoins pegged to real-world currencies, has raised $2.9M in funding from Zee Prime Capital, C2 Ventures, Stake Capital Group, RNR Capital, Daedalus Angels, Moonlanding Ventures, Oval Ventures, and more, with operator-angels including DeFi projects like Ribbon Finance, Flux, […]
68 days agocryptodaily
Asia-focused multi-currency stablecoin protocol, Bluejay Finance, raises $2.9M in funding
Singapore, Singapore, 20th July, 2022, ChainwireBluejay Finance, a capital-eff icient decentralized stablecoin protocol for issuing stablecoins pegged to real-world currencies, has raised $2.9M in funding from Zee Prime Capital, C2 Ventures, Stake Capital Group, RNR Capital, Daedalus Angels, Moonlanding Ventures, Oval Ventures, and more, with operator-angels including DeFi projects like Ribbon Finance, Flux, Voltz, and Alpha Venture Dao. Founded in 2021, Bluejay Finance aims to build an avenue for investors to have more stablecoin solutions centered around currencies other than USD in the DeFi space. It plans to use its funds for team development and stablecoin deployment, focusing on Asian stablecoins, such as the Singapore Dollar and the Philippine Peso, and will distribute them through partners like DeFi protocols, decentralized exchanges, centralized exchanges, and fintech companies. In doing so, this will allow investors to have a more inclusive, locally-familiar medium of exchange that limits foreign exchange risk and exchange fees. Highlighting financial inclusion in Asia With 60 percent of Southeast Asians being underbanked or unbanked, and 70 percent of Southeast Asian workforce lacking in bank accounts, there’s a clear need to prioritize financial inclusion. Often, there’s been a lack of formal credit history hindering access to capital for MSMEs, and a general lack of urgency and awareness around possessing a personal savings account. Fortunately, there have been recent opportunities for Asia, thanks to the region’s strong mobile penetration driving a variety of financial services and payment gateways for both individuals and businesses. Improving financial inclusion with Asia-focused stablecoins Stablecoins can play a meaningful role in the future of financial services in Asia. However, most stablecoin solutions are centered around USD and are not suitable for real world usage where transactions are denominated in local currencies; this means that users do not have a choice of having exposure to currencies other than USD in the DeFi space, which exposes users to extra costs, forcing them to use unfamiliar currency. By having stablecoins of different currencies around the world on the blockchain, Bluejay Finance lowers the barrier for businesses and individuals in these countries to transact and minimizes currency exchange risk, making payments and access to capital easier and more efficient. “DeFi summer was the first wave of innovation, driven by yield farming. Despite the current state of the markets right now, we are incredibly bullish that the next cycle will be driven by sustainable, real use cases that solve a true need. Therefore, Bluejay remains focused on building products and partnerships that will enable these sustainable use cases of stablecoins and bring in the next billion users into DeFi,” says Sherry Jiang, founder of Bluejay Finance. Julien Bouteloup, founder of Stake Capital Group, comments, “Over the course of the past few years, stablecoins have proven to be a fundamental primitive within DeFi. However, most stablecoins have revolved around the US dollar. For crypto to branch into use cases like real world payments and money markets, it needs to have stablecoins that people in local economies can seamlessly transact with, such as the Euro and Singapore Dollar. Bluejay is positioned to address this need, which will only continue to grow as DeFi matures.” Recently, Bluejay Finance announced its partnership with Silta Finance, a protocol focused on sustainable real world assets, and plans to announce more partnerships in the coming weeks on both its Twitter and Discord communities. About Bluejay Finance Bluejay Finance is building an Asia-focused capital-efficient protocol for multi-currency stablecoins. The aim is to mirror the foreign exchange market in the fiat world onto the blockchain, in order to accelerate financial inclusion and access to DeFi for all users and businesses. Pre-seed investors include Entrepreneur First and Global Founders Capital.ContactsGeoff [email protected]
103 days agocryptodaily
Bitcoin fast approaching $20k as market tanks
Bitcoin has lost around a third of its value over the last week, and isn’t showing many signs of stopping. We’ve seen Celsius struggling with liquidity issues, and now hedge fund Three Arrows Capital could be facing a similar problem. However, is one important indicator about to signal a bottom? In what could turn out to be the worst, and most damaging crash in bitcoin’s short history, the crypto market is red across the board. Many projects are now down well into the 90% region. Bitcoin is now very close to the high of around $19,500 which was reached at the top of the last bull run in December 2017. Many analysts say that the bitcoin price should not go below this, given that previous bull run highs have not been breached until now. Be that as it may, and given the sheer amount of fear, plus insolvency issues suffered by the likes of Celsius and Three Arrows Capital, the resulting cascading effect could bring bitcoin and crypto a lot lower from here. Looking at the much higher time frames, it can be seen that $19,500 is an extremely important support level, as it rests on the 2017 high. However, if it should be pierced and bitcoin establishes below, then the biggest level arguably in the whole of bitcoin history is the next support at $14,000. Bitcoin bottom signal? Technical and on-chain analysts are finding various signals that just might herald a turning point, and one in particular has just started to fire. Over the entire course of bitcoin history this signal has given a pretty accurate buy signal, indicating a great time to buy. The Bitcoin Hash Ribbons indicator has just posted a green signal, which will ultimately turn into the blue buy signal, typically over the next one to two months on the daily time frame. The signal tells us when miner capitulation happens. Given that the miners are generally the last to throw in the towel at the bottom of bear markets, it is a pretty good indicator that the bottom has been reached. It must be acknowledged though, that as useful as it is, the Hash Ribbons indicator could be more fallible as market conditions change going forward. It may be advisable to always use a good variety of indicators, and look for confluence over as many of them as possible before deciding to buy. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
150 days agocryptodaily
Portal Partners With Mintlayer To Boost DeFi on Bitcoin
The Decentralized Finance (DeFi) market has grown to become a space worth more than $200 billion. Yet it continues to explode as developers find an innovative method to involve the participation of users from every corner of the crypto space. In doing so, one cannot forget about the subjects of the king coin, Bitcoin. Bitcoin DeFi set to explode Bitcoin was created with the intention of revolutionizing the future of finance. And while it did inspire developers, it was Ethereum that truly made revolutionizing finance possible by decentralizing it using smart contracts. Until a while back, Bitcoin lacked the support for DeFi, which is why it could not become an integral part of the financial metamorphosis, but that has changed now and is continuing to do so. Mintlayer, a Bitcoin sidechain, and Coinbase-backed Bitcoin-based DeFi platform Portal have joined hands to further these efforts. This new partnership is set to bring Portal's uncensorable cross-chain DEX functionality to Mintlayer, boosting Bitcoin-based decentralized finance (DeFi). Commenting on the partnership, Mintlayer CEO Enrico Rubboli stated, "Mintlayer is a tokenization layer built on top of Bitcoin, enabling native swaps with BTC, including using the Lightning Network. Portal's cross-chain DEX can help make multi-chain implementations more viable, allowing token issuers to take advantage of the unique capabilities of different protocols, including Bitcoin sidechains like Mintlayer, thereby plugging the entire web3 ecosystem to the most decentralized and valuable blockchain, and the world's hardest money." Additionally, the addition of sidechain assets issued on Mintlayer will increase the number of trading pairs available to Portal DEX users while also benefitting Mintlayer by making its assets accessible to a more extensive user base. This way, both the platforms will be able to provide their users with the opportunity to interact with the DeFi ecosystem in a private and secure environment with the lowest possible fees, which is another big issue for the DeFi space. Gas fees in the crypto space Ethereum, also known as the king of DeFi, is riddled with high gas fees, which forces developers and investors to venture onto other chains, giving rise to the likes of Terra, Avalanche, Solana, and more. A simple ERC-20 transfer on Ethereum can cost up to $12, with the fees for Uniswap transactions exceeding $34. This is what Portal and Mintlayer intend to keep their investors away from. Since Bitcoin's DeFi space is still developing, users would want access to more options that are currently being offered by other chains, which low gas fees and emerging partnerships such as Portal and Mintlayer will provide to the users. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
152 days agocryptodaily
Meet Fort Worth – The First US City To Mine Bitcoin
Fort Worth, Texas, has become the first US city to mine Bitcoin after three mining machines were donated to the city by the Texas Blockchain Council. Fort Worth Starts BTC Mining The Bitcoin mining program was unanimously approved by the city councilors of Fort Worth on Tuesday. Under the pilot program, the city partnered up with the Texas Blockchain Council, which donated the S9 mining rigs, and Luxor Technologies, a mining pool that maximizes the mining profitability of small-scale miners. Fort Worth Mayor Mattie Parker commented on this monumental initiative, “This is bigger than cryptocurrency. We’re starting a conversation across the globe about what cities need to do to be innovative and focus on technology and innovation. We think we’re doing that. The big picture here is, what is the future of our economy? We know that crypto-currency is a big piece of this.” Energy Concerns Addressed For Now The mining rigs, running around the clock, raised some concerns about energy sustainability. Bitcoin mining operations are highly energy-intensive processes. And Texas’s electrical grid has always had trouble with over energy consumption. However, the city has claimed that each machine would consume roughly the same energy as a household vacuum cleaner. Additionally, even though the rigs might not bring in a lot of funds, the cost of energy needed to power the mines is expected to be covered by the value of bitcoin mining. The program will be revisited in six months to consider the impact of these operations. Texas’s Crypto Saga Texas has always been a crypto-friendly jurisdiction. Several leading Texan lawmakers and politicians have propositioned and initiated projects incorporating crypto and blockchain tech into the city’s functioning. Back in 2021, when China banned crypto operations, a small Texan town called Rockdale volunteered to provide a safe shelter for crypto miners fleeing China. The state’s capital Austin has also made a mark on the crypto landscape of the country. The city has recently passed two resolutions related to crypto assets and blockchain technology. Austin’s Mayor Steve Adler has also expressed his wish to establish the city as a crypto hub, starting with exploring BTC payments for civic bills. On a state level, Texas GOP representative and US Senator Ted Cruz has expressed his support for the growing crypto industry in the state. Plus, Texas Governor Greg Abbott has reached out to BTC miners to stabilize the state’s shaky electrical grid. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
182 days agocryptodaily
Austin City Passes Two Crypto and Blockchain Resolutions
The Austin City Council has passed two resolutions related to crypto assets and blockchain technology. The first resolution is a non-binding measure that urges the state of Texas to study how crypto assets and blockchain technology can be used in the state. The second resolution is a binding measure that requires the city to use blockchain technology for certain city operations. An official document on the matter can be found here, with the full report on the initial research expected by June 2022. The crypto and blockchain resolutions were passed unanimously by the council, with the city poised to take part in becoming another crypto-friendly space as U.S. cities like Miami and New York also participate in the blockchain wave. Texas Governor Greg Abbot, for instance, has openly claimed that he is a "crypto law proposal supporter" and would fully back any policy towards the adoption of crypto for the city. The author of the resolution, Mackenzie Kelly, said that the document will help the city establish a fact-finding study that would help determine the requirements for Austin to accept Bitcoin and other cryptocurrencies as payment for the city's services. "This is more of a feasibility study. We currently don’t have enough information as council members to know if we can accept crypto as payment for city services. We need to know more about this before we can decide. In doing so, there is security information we need to look at to see if this is even viable or if we can keep crypto on our books financially," Kelly explained. Kelly claims that Austin has always had an innovative stance towards new technologies such as blockchain networks and cryptocurrencies. The lawmaker also adds that Austin's own Mayor, Steve Adler, is a co-sponsor of the resolution originally authored by her. With the support of officials making the crypto resolutions seem perfectly plausible, Austin is set to become another hotbed of crypto innovation and adoption for the U.S. "If someone gets a speeding ticket, for example, and doesn’t have a bank account but has cryptocurrency, they could use crypto as payment. Or, if they wanted to pay their taxes or electric bills using Bitcoin or dedicate a park in their name using crypto. This is all part of the analysis for allowing the city of Austin to accept crypto payments," Kelly stated. According to industry data, roughly 8% of Texas residents own Bitcoin, alongside other cryptocurrencies. This rate of adoption could hit 14% by Q4 2022, according to estimates by the city council. The crypto resolutions are a strong show of support by city councilors and officials for digital assets and the underlying technology. The move could trigger more crypto-friendly policies in the state of Texas, as well as help the city become a leader in blockchain innovation. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
185 days agocryptodaily
ForkChain Could Lead Blockchain Technology to the Next Level
Blockchain technology is perhaps the most revolutionary financial system of the 21st century. Since its launch in 2009, it has intended to bring economic liberty to everyone globally. Blockchain is all about decentralization and returning control of financial activities to individuals. Unlike banking, which centralizes everything and is full of rules, Blockchain is free to access for everyone. Several problems continue to face the blockchain space. Among them are skill gaps, slow adoption, and mistrust between parties. Furthermore, most crypto developers charge substantial sums for their expertise in building projects. However, the development of theForkChainproject could help the Blockchain circumnavigate these stubborn issues. Read on to discover how ForkChain can lead blockchain technology to the next level. ForkChain Solves the Dapp Development Skill Gap Complexity is one of the most common issues associated with the blockchain space. For example, creating blockchain assets requires advanced coding skills. Furthermore, the gap between project development and use is significant. Therefore, project founders hire and pay massive sums to developers to create applications and tokens. At the same time, hiring an experienced and trustworthy developer is not easy. For instance, some developers may try to scam investorsby lying about their coding skills, while others could steal funds without the entrepreneur's notice. Others may develop applications with multiple errors leading to investors losing precious time and money. These inconveniences deter many people from launching their blockchain applications. By design, ForkChain intends to solve the problems that come with blockchain asset creation. According to their website, the network’s primary purpose is to fork projectsand find a base program that suits the needs of the entrepreneur. Thereafter, the platform will help the entrepreneur in further developments of their projects. ForkChain allows you to create anything you want on the blockchain without technical expertise. Moreover, you don’t need to hire a developer to create your project. This way, creators, artists, entrepreneurs, and just anyone can now own a fork of blockchain-based assets. Most importantly, once you launch a project with ForkChain, you have full control and ownership over it. With ForkChain’s help, anyone can create items on the blockchain. This will help increase the mainstream adoption for this technology, thus taking it to a whole new level. More Blockchain Adoption by Entrepreneurs and Creators Blockchain's design should incorporate experts and businesses, entrepreneurs, and content creators.However, it's not easy for everyone to understand how to connect blockchain to their businesses or work. The idea of Blockchain as a Service(BaaS) helps with blockchain-related issues. BaaS makes it possible for small businesses and entrepreneurs to adopt blockchains in their daily tasks. Also, it allows companies and individuals to use cloud-based solutions to create blockchain applications. Simply put, it acts like an IT partner for developing cloud-based blockchain projects. ForkChain is a BaaS service provider. It can help small businesses and companies create applications easily. Also, creators and entrepreneurs can vastly benefit by creating applications for their brands. Since the development side of things is often tricky, ForkChain will keep things running for companies. Accelerate Growth in New Trends, NFTs and Metaverse Another way ForkChain can lead to growth in blockchain technology is by contributing to NFT and Metaverse growth. Currently, these are the hottest trends in the blockchain world. Even some of the biggest companies like Facebook, Microsoft, and Twitter have links to the Metaverse world. It’s no doubt that NFTs and Metaversewill be the future of the digital space, sports, advertising, and finance. However, how can the adoption progress even faster? One answer could be making sure it's easy to create and access the Metaverse space. Fortunately, that's what ForkChain does. As a BaaS, ForkChain allows investors to set up and create NFTs with little to no work. For instance, investors may need to research crypto wallets, fees, and marketplaces for NFTs when creating applications on their own. However, ForkChain makes the entire process seamless and more cost-effective. Any investor can create NFTs easily with a few simple clicks. ForkChain claims that any creator will be able to monetize their content easily using the network. Furthermore, ForkChain can help get your NFT sales off the ground using crowdsale and marketing solutions. This way, you can market your NFTs via social networking platforms and get more investors. By allowing them to create NFTs, ForkChain makes it possible for people to join the metaverse world. As a result, anyone can have their own digital identities using NFTs and benefit from the Metaverse. Final Word This guide has explored how ForkChain can lead blockchain technology to the next level. Solving the problems hindering its growth is vital to enhancing the development of blockchain technology. ForkChain does not solve all issues associated with Blockchain. However, it solves some of the more critical ones. For instance, ForkChain helps in solving the issue of the skill gap. The network makes it easy for anyone to create Dapps without coding knowledge. Moreover, ForkChain allows small businesses, companies, creators, and entrepreneurs to build on Blockchain, thus fostering more adoption. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
188 days agocoindesk
Paradigm Invests $8.75M in DeFi’s Ribbon Finance
The protocol automates crypto derivatives strategies for the lay DeFi trader.
195 days agocointelegraph
Bitcoin sees 'mother of all consolidations' as $40K BTC price squeeze fails
BTC price action is stubbornly sticking to a zone which has seen more on-chain volume than any other in Bitcoin's history.
222 days agocryptopotato
Sulake’s Habbo to Use Immutable X to Boost Carbon Neutral NFT Experience
The social entertainment company will use Ethereum scaling solution to boost the NFT experience while assuring 100% carbon neutrality.
239 days agocryptodaily
Crypto Weekly Roundup: Wonderland CFO Controversy, Chainalysis Report, OpenSea Bug, Biden’s Executive Order, And More
The biggest news in cryptocurrency, especially DeFi, is the Wonderland controversy. It looks like the CFO Sifu is actually the notorious Michael Patryn. The community is concerned that this controversy will likely give naysayers another reason to write off all applications of blockchain and cryptocurrency as fraudulent, especially since the Chainalysis report showed that DeFi protocols have become the tool of choice for money laundering cybercriminals. Let’s find out more. Bitcoin The United States Securities and Exchanges Commission (SEC) has rejected yet another spot Bitcoin exchange-traded fund (ETF), this time from investment giant Fidelity. Governor Greg Abbott has turned to Bitcoin miners to help stabilize the Texas power grid and made several outreaches to the crypto industry, inviting them to Texas. Circle CEO Jeremy Allaire has shared his Bitcoin Predictions, stating in an interview that he believes Bitcoin will eventually surpass gold and hit $1 million. Ethereum The Ethereum Foundation has decided to retire the terms “ETH 1.0” and “ETH 2.0” in favor of their latest rebranding as Ethereum’s “execution layer” and “consensus layer” respectively. DeFi The Chainalysis Crypto Crime Report 2022 has observed that DeFi protocols contributed to a significant 37% of all crypto scam revenue in 2021, becoming the preferred tool for money laundering by cybercriminals. CardStarter and SundaeSwap, both building on the Cardano blockchain, have accused each other of foul play, broken promises, and accusations of a rug pull event. Altcoins Solana Labs has disclosed the upgrades that it will prioritize in the near term, in a bid to respond to the network's current scaling challenges. Stellar is looking at further expanding its anchor network in 2022, focusing on trust-minimized innovations and increasing inclusion and interoperability. The Wonderland CFO, known as Sifu, could actually be Michael Patryn, the co-founder of the notorious Canadian QuadrigaCX exchange, where the founder disappeared with $169 million. Business The crypto firm Fireblocks has raised a total of $550 million from institutional investors in one of the largest financing rounds in the crypto sector in the last few years. The US affiliate of Sam Bankman-Fried’s FTX has just announced an external raise of $400 million, putting the company at a valuation of $8 billion. Meta (formerly Facebook) is reportedly looking to sell the Diem cryptocurrency project along with all its associated assets. The Sandbox, a metaverse subsidiary operated by Animoca Brands, has announced its commitment to support new startups aiming to build on top of its Open Metaverse. Regulation The IMF has warned El Salvador of major associated risks and requested the country to discontinue Bitcoin’s status as legal tender. The Biden administration is working on an executive order which might be issued next month, to establish an initial government-wide approach towards digital assets. NFT A number of games are already taking shape on the Gala Games platform, with three new next-generation, triple-A games already on the way. Hindustan Times is launching a collection of NFTs that will feature digitized versions of original creatives based on historical events that were published in the newspaper. Chelsea player John Terry looks to have landed in a soup after tweeting about a collection of NFTs that include images of the Premier League Trophies and UEFA’s Champions League And Europa League trophies. Reddit is planning a feature that will allow users to upload NFTs to their profile picture to verify their account, inspired by Twitter’s latest feature. Hackers exploited an existing bug in the OpenSea platform to purchase multiple NFTs worth over a million dollars at drastic six-figure discounts. YouTube is reportedly working on integration for NFTs with an aim of helping video content creators. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
241 day agocryptodaily
Texas Governor Greg Abbot Turns To Bitcoin Mining To Incentivize Power Production Amid Re-Election Bid
Governor Greg Abbott has turned to an unlikely corner to help shore up the state’s lagging power grid, turning to Bitcoin miners to help stabilize the Texas power grid. Governor Abbott has made several outreaches to the crypto industry, inviting them to Texas. This comes at a time when several other jurisdictions have outlawed Bitcoin mining because of the stress it adds to the power grid. Stabilizing The Electricity Grid The Texas governor believes that Bitcoin miners could help stabilize the Texas electricity grid, which has been struggling to keep up as demand rises. While Bitcoin mining has come under considerable flak for being energy-intensive, there is a growing list of politicians such as Senator Ted Cruz and Austin Mayor Steve Adler who view it as a solution to several energy-related problems. Mayor Abbott has joined this growing list of politicians, hoping that with the advent of Bitcoin miners and Bitcoin mining into the state, power providers will build additional infrastructure given the increase in demand, which could benefit everyone. A Teetering Grid Voters in Texas have not been too pleased with the handling of the Texas electricity grid, which has been unable to provide enough power, and enough affordable power when consumers have required it the most. Just last winter, there were several power outages in the state, which led to hundreds of deaths. While Abbott’s proposal is risky, it is one that miners have been promoting for years. Inviting Bitcoin miners to the state creates a significant financial incentive to create infrastructure and help in the production of more energy. On the downside, it invites even more stress and demand on an already stretched power grid. Miners Promise Cooperation Governor Abbott is counting on the fact that Bitcoin miners would pause operations when ordered by the state to do so, particularly when there is a surge in demand. This approach would be similar to that of Iran, which has announced a ban on Bitcoin mining during the winter to prevent any more crippling blackouts. While critics have argued that Bitcoin miners cannot afford to stop and start their mining operations for extended periods, miners do seem to be on board with the idea. Two prominent Bitcoin miners have already extended support, vowing to obey the governor’s request to pause operations when required. Lee Bratcher, President of the Texas Blockchain Council, stated, “It’s really a healthy dynamic that brings tax revenue, brings job creation, and also is a grid strengthening mechanism. Governor Abbott’s been very supportive.” A Growing Operation According to data gathered by the Texas Blockchain Council, there are 27 mining operations currently based in Texas, with several more in the pipeline, including Foundry, which is backed by the Digital Currency Group. Texas has seen significant growth in mining operations thanks to other countries which have imposed a blanket ban on mining operations. The biggest crackdown occurred in China, once the center of mining operations. After the Chinese crackdown, many miners moved operations to the United States. Other countries such as Kosovo have also outlawed Bitcoin mining, citing the additional strain on the energy grid. BTC Slowly Shifting To Renewables The migration of Bitcoin mining operations to the United States has also seen BTC slowly switch to renewable energy, with miners in the US dependent on renewable power as compared to the coal-fired power plants in China. This has proved to be a counter to arguments against the Bitcoin mining industry, especially after Republican party members such as Senator Ted Cruz had stated that he would like to see Texas become a cryptocurrency hub. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
265 days agocointelegraph
Ribbon Finance gains 60% after V2 launch and Avalanche integration
RBN price targets a new all-time high after its V2 launch and recent support for AVAX.
389 days agocointelegraph
Cryptocurrencies now legally recognized under commercial law in Texas
Texas House Bills 4474 and 1576 officially took effect on Sept. 1 after being signed into law by Governor Greg Abbott in June.
409 days agozycrypto
Bitcoin Network Onboards 1.2 Million Users In 30 Days – Bulls Spearhead Rush to $50,000
The Bitcoin bull rerun is loud and unmatched. Bitcoin bulls seem to be on a journey to make up for all the losses sustained since May, by correcting upwards fundamentally and technically. In a previous report, we outlined the possibility of Bitcoin hitting $157,000 in the long term, according to the Bitcoin Hash Ribbon indicator. […]

About Bigbom

The live price of Bigbom (BBO) today is ? USD, and with the current circulating supply of Bigbom at 335,947,891.17 BBO, its market capitalization stands at ? USD. In the last 24 hours BBO price has moved 0.000013 USD or 0.05% while 3,699 USD worth of BBO has been traded on various exchanges. The current valuation of BBO puts it at #1513 in cryptocurrency rankings based on market capitalization.

Learn more about the Bigbom blockchain network and how it works or follow the price of its native cryptocurrency BBO and the broader market with our unique COIN360 cryptocurrency heatmap.

Bigbom Price? USD
Market Rank#1513
Market Cap? USD
24h Volume? USD
Circulating Supply335,947,891.17 BBO
Max SupplyNo Data
Yesterday's Market Cap90,782.74 USD
Yesterday's Open / Close0.000258 USD / 0.00027 USD
Yesterday's High / Low0.00029 USD / 0.000229 USD
Yesterday's Change
0.05% ( 0.000013 USD )
Yesterday's Volume3,698.57 USD
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