Cardano searches on Google hit a record high
Grayscale stops new investments in its two bitcoin funds
Cryptocurrency investment management fund Grayscale has stopped new capital flowing into its two bitcoin-linked (BTC) funds. Both the Bitcoin Trust and the diversified Digital Large Cap Fund are temporarily closed.
When trying to access each fund’s website on the Grayscale page, the company reports that new investments have been suspended. The situation comes just days after Bitcoin Trust traded at a discount of as much as 15%.
Grayscale Bitcoin Trust’s private placement has been periodic throughout the year and is now closed, is the message that the company is sending to the investors. Despite the status of bitcoin-related trusts, the remaining funds in other cryptocurrencies remain open.
Grayscale is a leader in the world of corporate bitcoin investments. According to Bitcoin Treasuries, the institutional fund already owns almost 650,000 bitcoins, which is more than $36,000 million at the current price of the first cryptocurrency.
Cardano searches on Google hit a record high
The price of Cardano has risen significantly this year, especially in the final weeks leading up to Mary’s update. Today, the price is $1.25 nearly the same as yesterday, is 51% higher than it was on Wednesday of last week, and 586% higher than it was on January 1, 2021, and by that date, more than 2600% higher than last year.
According to the latest figures from the world’s largest search engine, the Cardano Blockchain project has been the latest boom for small investors. The number of searches on Google has skyrocketed since the beginning of February.
Among the countries with the most searches is Italy, followed by the Netherlands, Slovenia, Switzerland, and Austria.
A lot has happened recently with Cardano, making the cryptocurrency the center of the news. Founder Charles Hoskinson recently hinted at new partnerships and integration with leading industry players, while the long-awaited Mary protocol update was launched earlier this week.
Demand for Cardano’s own cryptocurrency has also increased in recent weeks. In fact, last week a mutual fund in Dubai announced plans to sell its bitcoin holdings for $750 million and allocate funds to ADA and DOT.
USDT joins Solana blockchain
Tether announced that USDT tokens are available on the Solana Blockchain (SOL) network starting March 9.
Tether CTO Paolo Ardoino pointed out that Solana blockchain integration aims to support a series of projects in DeFi, Blockchain games, and Web 3.0
This will facilitate the development of high-speed, low-cost applications, including those in
the nascent decentralised finance (DeFi) space.
— Ethereum (ETH) – Pakistan (@EthPakistan) February 15, 2021
According to Tether, Solana will allow users to transact in USDT at over 50,000 transactions per second.
In addition, the transaction fee can be as low as $0.00001 per transaction. This is a faster, lower-cost alternative to Ethereum that will give a boost to new applications and projects in the DeFi sphere.
Bill Gates talks about the threat of bitcoin
Bitcoin consumes more energy per transaction than any other method, negatively impacting the global climate. This was the idea presented by Microsoft co-founder Bill Gates in an interview with the New York Times.
Alex de Fries, a data scientist at the Central Bank of the Netherlands, calculated that each transaction in the bitcoin blockchain generates 300 kg of CO2, the same amount generated by 750 thousand transactions of the Visa payment system, Forbes pointed out. The reason for the discrepancy lies in the nature of the distributed network, which ensures transaction transparency and censorship.
Despite his desire to increase environmental protection, Gates tried not to be categorical in his remarks in the interview.
If it’s green energy, and it doesn’t displace other uses – mining the first cryptocurrency may be acceptable,the
famous billionaire added.
Ethereum developers confirm Berlin hard-fork date
Ethereum developers have confirmed that an update called Berlin will be released in mid-April.
The official date for the Ethereum update called Berlin was announced yesterday by developer Tim Beiko, marking a milestone for the cryptocurrency community.
“The Berlin update is scheduled to launch on the main network on block 12,244,000, which is expected to happen around April 14”, Tim Bako wrote. It’s important to note that the timing may vary, as it depends on the time per block.
Get ready! The Berlin network upgrade is coming soon.
See the post below to learn more
about what’s included and how to upgrade to the latest clients.https://t.co/oDKvMz33lt
— Ethereum (@ethereum) March 8, 2021
It is worth clarifying that Berlin is an update of the current Ethereum 1.0 blockchain. It has been long delayed due to many concerns, which have been dispelled by various changes.
Thus, Berlin follows the Istanbul and Glacier Muir updates, which were released in December 2019 and January 2020. Also, note that the current blockchain will have more updates before the Ethereum 2.0 update. In fact, the next one after Berlin is called London, which includes EIP-1559, and is scheduled for July 2021.
The goal of the hard fork is to help Ethereum optimize its use of gas rates and mitigate potential denial-of-service (DoS) attacks.