The cost incurred by African migrants or expatriates when sending funds via the so-called formal corridors remains way above the UN target of less than three percent, the latest data from the World Ba...
Tag: Reduce
Ethereum Merge will not reduce gas fees, DeFi researcher says
DeFi trader Vivek Raman, in a Twitter thread, has argued that Ethereum’s (ETH) anticipated Merge would not bring down the network fees as expected by many. The Ethereum Merge is one of the most powerf...
Regulating Cryptocurrency Is Necessary To Reduce Dangers
Jon Cunliffe, the Deputy Governor for monetary stability at the Bank of England (BoE), has advocated for the formation of a set of rules, comparable to traditional monetary methods with the goal of mi...
South Korean Car Dealer Launches NFTs to Reduce Paperwork Costs
Han Sung Motor, a South Korean imported car dealer, has rolled out non-fungible tokens (NFTs) to offer customers a secure and convenient experience based on the option of checking car details using th...
Bitcoin Miner Argo Blockchain Reports Selling 637 BTC to Reduce Loan – crypto.news
The Bitcoin mining firm Argo Blockchain PLC is the latest miner to disclose selling more Bitcoin in a month than it mined. The firm reported having an outstanding balance of $22 million on a loan from...
Three Ways the Music Industry Can Reduce NFT Speculation
HodlX Guest Post Submit Your Post Now that the market is in turmoil, NFT market participants expect more than just a quick return. These use cases show what NFT looks like when utility is prioritiz...
SEC Files Motion to “Reduce” Ripple’s Expert Testimony
Tomiwabold Olajide SEC stated that Ripple defendants have agreed to “omnibus” or “big” motion According to recent updates shared by defense lawyer James K. Filan, the SEC has s...
Tether continues to reduce commercial paper in sharp reduction since March
Tether is reducing its commercial paper holdings on pace with plans, the stablecoin company reported Friday. It has reached the target sum of $8.4 billion in commercial paper, as per intentions first ...
Morgan Stanley: Ethereum 2.0 Launch May Reduce Demand For GPUs
A new report from Morgan Stanley has revealed that if Ethereum switches to a proof-of-stake (PoS) consensus as planned, it will do away with the need for miners, reducing the demand for graphics proce...
PancakeSwap Initiates Important Vote to Reduce CAKE Emission, Token Gains 6%
The developers of the largest decentralized exchange built on the BNB Beacon Chain (formerly BSC) network initiated an important vote in accordance with which it is proposed to reduce the number of na...
Solana whale shuffles $25 million to reduce risk to DeFi protocol Solend
The Solana whale who came on the verge of getting liquidated last week has started moving their funds to mitigate risk to the Solana-based DeFi protocol Solend, where all their funds were previously h...
Bybit Planning To Reduce Workforce
2 hours ago | 2 mins read Exchange News 20% to 30% of the staffing is estimated to be cut off from the ByBit exchange platform. Resources may be assigned with additional tasks and functioning. The ByB...
Solana Releases New Updates to Reduce Bot Activity and Improve Network Stability – crypto.news
Solana, one of the fastest-growing ecosystems in the crypto space, has announced the rollout of new features to enhance the stability of its network. Solana’s Stability Update The platform suffered se...
Ethereum’s Movement to PoS Could Largely Reduce Mining Activity Power Consumption – crypto.news
Power consumption will drop significantly as Ethereum transitions from proof-of-work to proof-of-stake. Shifting from PoW to PoS To add transactions on the blockchain to a public ledger, so-called “mi...
OpenSea Users Can Now Reduce Their Gas Fees By 35% As It Adopts Seaport Protocol
The NFT marketplace claims that OpenSea’s 1.8 million customers will be able to reduce their Ethereum gas costs thanks to the “Seaport Protocol,” a new smart contract. Users will be ...
Exchange to Reduce Workforce by 18% Amid Crypto Winter
As the current bearish trends grow stronger, the leading United States cryptocurrency exchange, Coinbase, said it is planning to lay off 18% of its workforce, representing about 1,100 employees. Coinb...
FAA, airlines scramble to reduce summer travel delays
WARRENTON, Va. – During a morning meeting in early May, staff at the federal air traffic command center rattle off a few of the day’s obstacles: storms near the Florida coast and in Texas, a mil...
How the Blockchain Optimizes Real-Time Liquidity of Nostro Accounts to Reduce Operational Costs – crypto.news
A Nostro account is a system that allows a bank to hold foreign currency in another bank. For instance, a US bank may hold some Pounds(UK currency) in a UK-based bank. The Ideology That Fuels Nostro ...
Biden Advocates More Legal Pathways To Reduce Illegal Immigration
President Joe Biden speaks during opening ceremony of the the 9th Summit of the Americas at the Los … [+] Angeles Convention Center in Los Angeles, California, on June 8, 2022. (Photo by JIM WAT...
Five (5) Ways to Reduce Risk to Near Zero!
Seasoned traders know that no one prevails in cryptocurrency trading 100% of the time. Crypto assets are considered high-risk investments since they are incredibly volatile. Delving into crypto tradin...
Bitcoin Mining Ban in New York Won’t Reduce Carbon Emissions: Crypto Lawyer
Vladislav Sopov Jake Chervinsky, long-term GC of DeFi heavyweight Compound and one of most influential Web3 lawyers, criticizes anti-Bitcoin bill Contents Why might PoW restriction in New York be harm...
Blockchain Association argues New York mining ban won’t ‘reduce carbon emissions’
In the wake of the New York State Senate passing a bill that imposes a two-year moratorium on any new carbon-based fuel-powered proof-of-work (PoW) cryptocurrency mining projects in the U.S. state, th...
Biden Administration To Reduce Crypto Mining Energy Consumption
In a conversation with Bloomberg Law, Costa Samara, principal assistant director for energy for the white house office of science and technology policy, has revealed that the white house is setting up...
New York State Boldly Moves To Reduce Deaths From Kidney Disease
While the nation is convulsed by another gun shooting and activists demand new gun laws to address the epidemic, it’s worth noting that more people will die this year of an affliction that is mu...
LBank Joins Plastiks in the Campaign to Efficiently Reduce Plastic Pollution
Crypto exchange LBank is proud to join forces with Plastiks, the blockchain-based recycling NFT platform in the campaign to efficiently reduce plastic pollution. Called ‘The Art of Recycling’, the cam...
ADDX bags $58M to reduce min. private investment by 10x via smart contracts
ADDX, a blockchain and smart contract-based digital securities platform from Singapore raised $58 million from mainstream financial institutions to fund its goal of reducing minimum private investment...
UK tax legislation allows crypto investors to ‘bank’ losses to reduce tax bill
Despite the recent cryptocurrency market decline, investors in the United Kingdom may be able to “bank” their cryptocurrency losses to lower their taxable income. Crypto assets are not subject to the ...
Texas Bitcoin Miners Agree to Reduce Power Usage
The Texas Blockchain Council, a trade association representing the Bitcoin mining industry in Texas, announced on Saturday that crypto miners have responded to the conservation notice issued by ERCOT ...
Europe Looks To African Gas To Reduce Dependence On Russian Imports
Africa is conservatively forecast to reach peak gas production at 470 billion cubic meters (Bcm) by the late 2030s, equivalent to about 75% of the expected amount of gas produced by Russia in 2022, ac...
Will the Ethereum 2.0 update reduce high gas fees?
Purpose of Ethereum 2.0 The primary goal of the Ethereum 2.0 update is to improve scalability so that the network can handle more transactions without delays or high fees. While the full eff...