American billionaire investor, and the vice-chairman of Warren Buffett’s Berkshire Hathaway, Charlie Munger, has once again lashed at the crypto community. Munger is known for his anti-crypto sentiments, and he never hesitates to let his stance known. A few years ago, the billionaire announced his disdain for Bitcoin, referring to it as a “turd,” and […]
Roskomnadzor, the government body responsible for oversight of communications in Russia, is taking steps to block six more VPN providers. The move comes after the agency cut access earlier this year to a number of VPN services helping Russians to reach “banned” information. Roskomnadzor Moves to Block More VPNs in Russia The Russian Federal....
The BadgerDAO attack has reportedly impacted Celsius Network for more than $50 million, sources suggest. Cryptocurrency lending platform Celsius has reportedly lost over $50 million in the exploit of decentralized finance (DeFi) protocol BadgerDAO.As reported by Cointelegraph on Dec. 2, the attack targeted the protocol on the Ethereum network, reaping an unconfirmed $120 million in assets.According to one Redditor, the biggest alleged victim of the hack was an address that lost 896 Wrapped Bitcoin ($51 million). The address is supposed to be owned by Celsius “since it has interacted with....
Coinbase officials have suggested that they need to become the "Amazon Web Services of cryptocurrencies" as soon as possible. With Amazon Web Services (AWS) being one of the most popular cloud service providers on the planet, it's no surprise that Coinbase, a cryptocurrency exchange based in the United States, is attempting to capitalize on its success by developing its own cloud infrastructure solution, Coinbase Cloud."We want to be the AWS of crypto," said Coinbase chief product officer Surojit Chatterjee in an exclusive interview with Forbes. "We are building this whole Coinbase Cloud....
The last few years have been exceptional for NFTs. Our idea of digital assets and their ownership has experienced (and is still experiencing) rapid evolution. Very few people would have boldly predicted a public tweet selling for $2.5 million or a there-for-all-to-see clip of Lebron James dunking selling for $200,000. But, as we’ve all figured out, the creation, sales, and ownership of digital assets are well within the possibility realm. Several other digital assets have been sold as NFTs in a very short time. Every passing day suggests that the NFT train or “NFT craze” will not disappear....
The Berkshire Hathaway vice-chair compares crypto to the dot-com era, blames crypto projects for selfishness. As 97-year-old investment veteran Charlie Munger continues scolding cryptocurrencies like Bitcoin (BTC), the crypto community is quick to respond to his latest comments.The vice-chairman of Warren Buffett’s Berkshire Hathaway spoke of crypto at Australia's investor event, the Sohn Hearts and Minds conference, on Friday, reiterating his extreme skepticism to the industry, local news agency The Sydney Morning Herald reported.A known cryptocurrency naysayer, Munger has provided some....
Discriminatory fundraising that further advantages wealthy investors has long plagued the world’s impoverished population. After generations of systematic economic abuse, cryptocurrency emerged as a great equalizer. Unfortunately, in the years since crypto’s inception, investment in the burgeoning asset class has also become inequitable. Cryptocurrency is not only highly volatile and extremely risky but too often, […]
Discussions on the future of “virtual currency exchangers” in Russia should be completed in 2022, a high-ranking representative of the country’s financial watchdog has indicated. Following international standards, authorities in Moscow would have to either regulate or ban such platforms. Decision on Digital Currency Exchangers in Russia Expected Next Year Considerations regarding the regulatory treatment of online exchangers working with cryptocurrencies must come to an end in 2022. That’s according to a statement by the Deputy Director of Russia’s....
The global KuCoin cryptocurrency exchange has posted a job opening for a Metaverse Engineer, seeking to find a highly qualified specialist. The job posting includes a long list of prerequisites, outlining the future scope of work for the candidate, indicating the potential direction for KuCoin’s development in blockchain and metaverse space. Among the responsibilities that […]
Ethereum is facing resistance near the $4,600 zone against the US Dollar. ETH must stay above $4,450 to start a steady increase in the near term. Ethereum is consolidating above the key $4,450 support zone. The price is now trading above $4,500 and the 100 hourly simple moving average. There is a major bearish trend line forming with resistance near $4,600 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh rally as long as it is above the $4,450 level and the 100 hourly SMA. Ethereum Price Attempts Fresh Increase Ethereum declined below the $4,500 support,....
NBA Champion Andrew Bogut explains the fight for freedom happening in Australia, and how Bitcoin fits into the bigger picture.Watch This Episode on YouTubeListen To This Episode:SpotifyAppleGoogleLibsyn Overcast[0:07] CK: Andrew, welcome to your first Twitter Spaces. Thanks for hustling to figure it out. Really excited and honored to have you talking with us. [0:16] Andrew Bogut: Yeah, appreciate it. Thanks for having me. [0:18] CK: So, I guess really quick, why don't we just start off with what's your story? Obviously, people may have heard of you as an NBA champion. You have a long....
The metaverse is a blossoming industry and as with any growing body, it needs nourishment. This nourishment has come in the form of new technologies being introduced to the space, integrating novel technologies with AR/VR to deliver an immersive experience for metaverse users. Granted, a lot of these projects will most likely not survive the next few years as the industry evolves. Nevertheless, some projects have shown the markings of promising futures and one of those is Hololoot. Hololoot Cloud has torn down the barriers to entry for users in the metaverse space by providing a product....
Fresh off the sale of his “I will flood you with my flowers” NFT, artist and actor Jordi Mollà is renewing his affiliation with Raini and Krew Studios. Mollà, whose on-screen credits include Jack Ryan, Blow and Bad Boys II, is joining forces with the NFT platform and creative studio to conduct an NFT drop […]
Fresh off the sale of his “I will flood you with my flowers” NFT, artist and actor Jordi Mollà is renewing his affiliation with Raini and Krew Studios. Mollà, whose on-screen credits include Jack Ryan, Blow and Bad Boys II, is joining forces with the NFT platform and creative studio to conduct an NFT drop called Masks. The collection features a range of unique digital masks based on a collection meticulously hand-painted by the self-taught Spanish artist, with the drop scheduled for December 8. Demystifying Mollà’s Masks As an actor, Mollà has worn many faces and the collection was....
Such a move would require broad consensus among Congress, the U.S. central bank and the White House. U.S. Treasury Secretary Janet Yellen has given her opinions on the potential of a digital dollar but is hesitant to come to any conclusions at this stage in proceedings. Yellen said on Thursday that she had not formed a view on whether the Federal Reserve should create a digital version of the dollar, but such a move would require broad consensus among Congress, the U.S. central bank and the White House. This follows the recent reports that the Federal Reserve is currently researching....
Marathon Digital Holdings, a Nasdaq-listed bitcoin mining-based company, has announced a new deal with Compute North, a data center service provider, to host more than 100,000 mining machines in its data centers. The deal is an expansion of an earlier deal that secured positioning for 73,000 mining machines in Texas. Now, the new partnership secures hosting for all of these machines, to be powered with renewables. Marathon Expands Mining Operations Marathon, one of the largest bitcoin mining companies in the U.S., has announced it will expand its prior agreement with Compute....
Spotify and Apple Music reportedly cut 75% from musicians’ revenues together with the cut paid to labels. As popular music streaming services like Spotify cut much of musicians’ revenues, new technologies like nonfungible tokens (NFTs) are likely to help artists grab back their fair share, Saxo Bank predicted.According to one of Saxo Bank’s Outrageous Predictions 2022: Revolution, music creators would benefit from NFT-based streaming platforms as they allow distributing music directly to listeners without centralized middlemen charging a fee. Saxo Bank’s cryptocurrency analyst Mads....
PRESS RELEASE. Abu Dhabi, UAE – Empire Token’s flagship utility, the Empire NFT Marketplace, is now live on the Ethereum mainnet. The Ethereum Blockchain is a global computing platform and operating system which can be used to create decentralized services and applications. Fortunately, the bright future of this blockchain now has Empire on its side. NFT creators and traders can now use Ethereum coin and Ethereum based tokens to mint and trade NFTs on the Empire NFT Marketplace. Projects that are powered by Ethereum may include anything from smart contracts, voting systems,....
ETH/BTC stays near its highest since 2018, but that’s nothing compared to its next move, one trader believes. Ethereum’s Ether token (ETH) is due to launch a “parabolic” attack on BTC to beat all-time highs, one analyst believes.2-week predicts “crazy” ETH moveETH/BTC 1-month candle chart (Bitstamp). Source: TradingViewData from Cointelegraph Markets Pro and TradingView shows ETH/BTC sitting near three-year highs — but its next move should be even stronger.Ether against Bitcoin (BTC) is one of the few bullish narratives in the short-term crypto markets this month.In a tweet on Dec. 3,....
BixBcoin holders can now earn 60.60% APY on their holdings on Hotbit. The digital asset which had been listed on the exchange was added to the Hotbit Investment Panel. Users who sign up for this Incentive Plan can earn high interest on their holdings for 90 days. It is one of the many earning events that BixBcoin has participated in to bring good returns to its investors. The token is hosted on its own blockchain, BIXB blockchain, which serves as the basis of the project’s strong structure. Being hosted on its own blockchain gives the token a unique edge over thousands of tokens in the....
Hashed, a Korean blockchain VC firm, has announced the launch of Hashed Venture Fund II, a new fund that will focus on investing in Web 3.0-based startups. The fund raised $200 million for these investments, and while the company did not disclose those who participated, it did announce it will be scaling operations to have a more global impact. Hashed Focused on Web 3 Investments Hashed, one of the biggest blockchain-based VC firms in Korea, has announced the launch of a new fund that will focus on Web 3.0 investments. Hashed disclosed its new fund, called Hashed Venture Fund II,....
PRESS RELEASE. On the back of a big year for CoinFLEX, the crypto derivatives exchange that now powers the Bitcoin.com exchange, has just launched its brand ambassador initiative to expand its global community. CoinFLEX’s first brand ambassador is world-renowned poker star, Doug Polk. Doug Polk is one of poker’s most well-known superstars, having won over $9.5 million in live tournaments and more recently booking a win for $1.2 million in a heads-up competition versus fellow poker pro Daniel Negreanu. Doug is just as well known for his skills “away from the....
With a total of 4,593,284 valid tickets (which equates to more than 4.5 M ELF tokens/ $2.34M) locked on the mainnet governance system, aelf blockchain opened its globalized node election on Nov. 18th, 2021. Candidates will join the governance system equally, being selected or voted with locked tokens as tickets. The publication enabled the listing of well-prepared candidate nodes immediately. The listed candidates include blockchain heavyweights like Huobi Pool, 8BTC, bountyblok, and RockX. So why is this important? How could the elected nodes contribute to the construction and development....
Cryptocurrency has captured the world’s attention after the pandemic, and notorious scammers have taken notice too. With the rising popularity of altcoins and meme tokens, there will be an upsurge of new crypto scams taking place on Telegram. What is a Scam? Scam, rug pull, you name it. They’re everywhere: Telegram chats, groups, fake communities. But what exactly is a rug pull? The next level. They happen when developers create a token paired with a valuable cryptocurrency, list the token on decentralized exchanges (DEXs), and then pull out all the funds. In simple words, a crypto....
The living “El Primero” or “The FIrst” NFT immortalizes an economic moment in sci-fi history by fusing future tech with Star Trek history. The signature of Star Trek producer Gene Roddenberry has gone boldly where no NFT has gone before — into the code for life itself.Back in 1965, Roddenberry signed a contract with Lucille Ball’s Desilu Productions to finance Star Trek. On Nov. 30, that signature was turned into a nonfungible token (NFT) and implanted into the DNA code of a living bacteria cell — 30 years after the sci-fi legend’s death. Roddenberry Entertainment describes it as the....
Polygon has ramped up its NFT gaming plans with GameOn partnership, Irishman producer launches NFT firm to fund movies, and the Silk Road founder‘s NFT drop has fetched bids higher than $1 million. Silk Roads lead to nonfungile tokens Bidding for a 1/1 NFT auction created by imprisoned Silk Road founder Ross Ulbricht has surpassed 261 Ether (ETH), $1.17 million at the time of writing. The NFT depicts a hand-drawn illustration from Ulbricht of a psychedelic eye, and is part of a collection of writings and nine other artworks he created, some while in prison, that are included as part of the....
The German multinational corporation that crafts athletic shoes, sportswear, and accessories, Adidas AG is teaming up with the non-fungible token (NFT) brands the Bored Ape Yacht Club, and the comic series Punks Comic. Adidas revealed last week that the company partnered with Coinbase and believes the metaverse is one of the most “exciting” developments in digital. Adidas Partners With Bored Ape Yacht Club, Punks Comic, and Gmoney Adidas wants the world to know it is entering the world of blockchain technology and metaverse collectibles in a big way. On December 2,....
The award-willing artists want their new release “This is Fine” to become the first NFT single ever to go platinum, but it’s unclear whether that is even possible. Dance music star Deadmau5 and Grammy award-winning indie rock band Portugal The Man (PTM) have teamed up to release one million copies of their new single “This is Fine” as nonfungible tokens (NFTs). The single was released on Deadmau5’s (whose real name is Joel Zimmerman) label, Mau5trap with the aim to have the single be the first NFT to go platinum.The artists minted one million units on the NEAR protocol blockchain and....
Bitcoin is struggling to surpass the $57,200 resistance against the US Dollar. BTC is declining and it might accelerate lower if there is a close below the $56,000 support. Bitcoin is struggling to move above the $57,000 and $57,500 levels. The price is now trading below $57,000 and the 100 hourly simple moving average. There is a key contracting triangle forming with support near $56,100 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could accelerate lower if there is a clear break below the $56,000 support zone. Bitcoin Price is Facing Hurdles Bitcoin price....
No, the gold standard did not cause the Great Depression. And yes, a Bitcoin standard is needed today.The below is a direct excerpt of Marty's Bent Issue #1122: "They haven't been teaching monetary history accurately." Sign up for the newsletter here.If you have ever had the displeasure of learning economics while in university or simply have had a pompous sheep fiatsplain to you why a sound money standard can never work you've likely had a professor or the fiatsplainer blame the gold standard for the Great Depression. They'll drop the Great Depression line and then scoff at you as if it....
Jordan Belfort, the former stockbroker whose memoir was made into a film starring Leonardo DiCaprio, has warned about investing in meme cryptocurrencies, like dogecoin (DOGE) and shiba inu (SHIB). Belfort explained that “People are taking advantage of an unregulated market,” emphasizing that “The sooner governments step in the better it is for crypto.” The Wolf of Wall Street’s Advice on Dogecoin and Shiba Inu Cryptocurrencies Jordan Belfort, aka the Wolf of Wall Street, has warned investors about putting money in meme cryptocurrencies, like....
The report highlights the merits of EIP-1559 as a tool for making ETH a deflationary cryptocurrency and potentially better store of value than Bitcoin. Australian university researchers have questioned Bitcoin’s reputation as the best store of value network in cryptocurrency, with Ethereum on track “to becoming the world’s first deflationary currency.”A Nov. 18 paper by four Australian researchers discusses how the EIP-1559 upgrade makes ETH a potentially better store of value. The research comes was coauthored by Ester Félez-Viñas from the University of Technology Sydney, Sean Foley from....
Indian crypto investors will reportedly be given a certain time frame to declare their crypto holdings, and must then hold their assets on crypto exchanges regulated by SEBI. According to reports from local media, the Indian government will not move for an outright ban on crypto and will instead regulate the sector. On Nov. 23, Cointelegraph reported that the Indian government was considering a bill proposing the creation of an official digital currency while imposing a ban on all “private” cryptocurrencies. The news sparked panic selling on local crypto exchange WazirX the following day,....
There are high ceilings and low floors when it comes to crypto at times. Another hack came to life this week, and early reports have stated that the hack was a front-end compromise that led to users being tricked into approving unwanted transactions. The news comes after a $35M DeFi hack of the Vee Finance protocol in recent months, and our team at NewsBTC reported around mid-year that crypto hacks and fraud were on pace for a record year. This week’s BadgerDAO compromise is one of DeFi’s biggest yet. BadgerDAO Hack: What We Know The protocol cited “reports of....
A Kenyan university and a blockchain healthcare provider will join forces to study whether Africa’s HIV crisis can be helped by using crypto and blockchain technology. A groundbreaking five-year study into whether crypto token incentives can improve health outcomes for patients with HIV/AIDS will be launched in Kenya by the end of the year.On Nov 1, the blockchain-powered healthcare ecosystem Immunify.Life and the Masinde Muliro University of Science and Technology (MMUST) announced they had secured the approval needed from an ethics committee and the national commission to launch the....
Central bank interventions in the monetary system - from lowering interest rates to printing money - do not change peoples’ saving and spending behavior: They only redirect it.We live in a highly politicized world today - we spite our neighbors, refuse to watch certain news channels, and increasingly ignore any information which counters our own preconceived views. Our wealth gap in the developed world is rising, and calamities like the pandemic are highlighting and exacerbating those divides. What brought our society to this point? With technological advancements and scientific progress....
Meta, formerly Facebook, has relaxed its policy for cryptocurrency advertisements, making it easier for companies to run crypto ads on its platform. “We’re doing this because the cryptocurrency landscape has continued to mature and stabilize in recent years and has seen more government regulations that are setting clearer rules for their industry,” the company explained. Meta’s New Rules for Cryptocurrency Advertising Meta, formerly known as Facebook, announced Wednesday new rules for cryptocurrency advertising. Instead of “using a....
A disappointing week of exploits has put a temporary grim cloud over the end of 2021, with BadgerDAO and Huobi-listed MonoX suffering major losses. More than $150 million has been lost this week in separate security breaches at DeFi projects MonoX and BadgerDAO.Multi-chain decentralized exchange (DEX) MonoX (MONO) suffered a cyber attack on Nov. 30 leading to about $31 million in losses. BadgerDAO (BADGER) suffered a front-end attack that was discovered on Dec. 2 with estimates of Badger’s losses hitting more than $120 million. The MonoX DEX platform suffered a single attack on Nov. 30. In....
Grubhub, an American online food delivery platform, has come up with an exciting new way to engage its users. The company has partnered with Bitcoin rewards company Lolli to allow its users to earn Bitcoin (BTC) on every order. Integrating crypto into a simple routine activity – like ordering food online, is yet another effort at driving crypto adoption. Related Reading | Fold Launches First-Ever AR With Free Bitcoin Rewards Experience Lolli has partnered with many companies in various sectors to offer customers BTC rewards. Serving Bitcoin With Food In a Wednesday announcement,....
This year, we have seen Bitcoin go down to $30,000, double to $60,000, then reach November’s all-time high over $68,000 and tank once more around 20% on the same month, stabilizing around $57,000. As Bitcoin trades to the downside just like the U.S. traditional markets, we might be seeing a correlation. Stocks have been driven […]
This weekly roundup of news from Mainland China, Taiwan, and Hong Kong attempts to curate the industrys most important news, including influential projects, changes in the regulatory landscape, and enterprise blockchain integrations.Top of the food chainThis probably wont come as a surprise to anyone in the crypto industry, but Binance founder CZ has been crowned the richest Chinese person in the world. The list appeared in Caijing Magazine, a financial publication based in Beijing. CZ was credited as having a net worth of around $90 billion, a huge jump over former richest Chinese man....
Ethereum price hit a new all-time high in its ETH/BTC pair and a classic technical analysis pattern suggests the altcoin has a lot more upside. This week, Ether (ETH) price reached a new 2021 high against Bitcoin (BTC), bringing its year-to-date returns slightly above 350% and according to technical analysis, the rally could extend even further.On Dec. 1, bids for the ETH/BTC pair hit 0.0835 BTC on Coinbase for the first time this year. The upside move came as a part of an uptrend that started mid-October after Ether bottomed out against Bitcoin at 0.0630 BTC to carve out almost 41% price....
The Cardano network remains one of the most stable blockchains in the crypto space. Founded in 2017, the network remains the largest proof of stake network in the industry. It holds the title for the proof of stake network with the highest amount of coins staked, only recently conceding to Solana to become the smart contracts platform with the second-largest amount of coins staked. Nevertheless, Cardano remains a force to be reckoned with and its latest achievement has shown that. Network activity has picked up on the network since the launch of smart contracts capability. Now, a little....
Shiba Inu remains one of the most popular meme coins in the market. This shines through in the number of holders in the digital asset as the number recently crossed 1 million SHIB holders. The digital asset had rallied to new highs a month ago which was the main catalyst for the increased popularity. A […]
Jurors in the Kleiman v. Wright trial are currently unable to come to a decision on the high-profile billion-dollar bitcoin lawsuit in Florida. While the judge has told the jury to take time deliberating the case, on Wednesday, the jurors issued a statement that explained they could not “come to a conclusion.” Kleiman v. Wright Jurors Unable to Make a Decision — Judge Issues Allen Charge Extending Deliberation Time Following the Thanksgiving holiday in the United States, jurors from the Kleiman v. Wright case have been deliberating on their decision....
With the hiring, Okcoin has many women in key leadership positions, including CEO Hong Fang as well as head of content and brand Mandy Campbell. Cryptocurrency exchange Okcoin has announced Randi Zuckerberg — the sister of Meta CEO Mark Zuckerberg — will be joining the platform’s brand advisory council in its aim to bring more women into crypto.In a Thursday announcement, Okcoin said that in addition to hiring Zuckerberg, the exchange would be committing $1 million in an attempt to reach a 50% female user base by 2025. Zuckerberg was the former director of market development and a....
This week, ETH price came within 2% of a new all-time high before U.S. lawmakers announced a hearing to discuss stablecoins and the need for eventual regulation. This week Ether (ETH) price came within 2% of its all-time high, and on Dec. 2 the altcoin reached its highest price in Bitcoin (BTC) terms since May 2018. Ether hitting 0.0835 in its BTC pair represents a 229% gain for 2021, but Ether bulls might come out empty-handed from this Friday’s $680 million options expiry.ETH/BTC price at FTX. Source: TradingViewNotice the ascending channel formation initiated in mid-October, which....
Back in March of 2020, those taking position ahead of the Bitcoin halving were blindsided by the Black Thursday market selloff, driven by panic at the onset of the COVID pandemic and subsequent lockdowns. With the new Omicron strain making headlines, and lockdowns once again considered, could the cryptocurrency market be facing another dangerous macro storm and catastrophic collapse? Omicron & The Return Of The Black Swan Trend Line According to Wikipedia, a black swan is “an event that comes as a surprise, has a major effect, and is often inappropriately rationalized after the fact....
The Latin American e-commerce platform selected Brazil to kick-off crypto payments via its MercadoPago application. MercadoPago, the fintech arm of e-commerce giant MercadoLibre, has enabled its Brazilian customers to buy, sell and hold Bitcoin (BTC), Ether (ETH) and the Paxos-issued U.S. dollar-backed stablecoin Pax Dollar (USDP). In a statement issued Thursday by U.S.-based Paxos, the blockchain infrastructure platform used by PayPal and Facebook, the partnership between MercadoPago and Paxos will allow users to pay for all products sold on the platform using cryptocurrency.Today marks....
UK and Swiss based gaming and blockchain company, GAIMIN.IO Ltd has developed a PC-based platform to create a global, decentralised data processing network with “supercomputer” level performance. The GAIMIN platform utilises underused processing power available from high performance GPUs and rewards users in its own cryptocurrency, GMRX, for participation in the GAIMIN data. Why is the GAIMIN platform needed? The Digital Revolution has created a large number of new industries, each with their own ever increasing demand for processing data. The powering....