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Showing posts from August, 2022

Hackers try to sell NFT of Belarusian leader's supposed stolen passport

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Belarusian hackers claim to have gained access to the passport info of every Belarusian citizen, including president Alexander Lukashenko, allowing them to mint an NFT with his passport details. from Cointelegraph.com News https://ift.tt/ygDoPZS via IFTTT

CoinGecko reveals the US state most interested in Bitcoin and Ethereum

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Behind this western U.S. state, Illinois and New York were the next states most interested in the two major cryptocurrencies. from Cointelegraph.com News https://ift.tt/2N8XW1p via IFTTT

How to preserve capital during inflation using cryptocurrencies?

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As major economies of the world grapple with high inflation, investors could protect their savings from value erosion by investing in stablecoins. from Cointelegraph.com News https://ift.tt/p3N5PCs via IFTTT

Bitcoin mining has never been more competitive even as BTC loses 13% in August

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Bitcoin difficulty completes its largest single upward readjustment since January, with average hash rate eyeing new all-time highs of its own. from Cointelegraph.com News https://ift.tt/pWcio0h via IFTTT

US Congressman to review all Binance US files related to consumer safety

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The CEO of Binance US was reached out by a Subcommittee chairman for producing various documents — in an attempt to help review the measure taken to protect investors. from Cointelegraph.com News https://ift.tt/FifIzKB via IFTTT

AVAX price rebounds 15% after Crypto Leaks sell-off but Avalanche could still bury bulls

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AVAX's recovery aligns with similar upside moves across the top-ranking crypto assets. from Cointelegraph.com News https://ift.tt/wiKHfM8 via IFTTT

Mystery of the whale wallet holding 50% of Axie Infinity’s SLP supply

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Contrary to the obvious explanation, this massive whale wallet is not owned by Axie Infinity or the company behind it, Sky Mavis. from Cointelegraph.com News https://ift.tt/5ufI8O0 via IFTTT

Largest Ether mining pool Ethermine opens new ETH staking service

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The new service offers Ethermine members a chance to collectively stake their ETH and earn 4.43% interest annually on top of their ETH deposits. As little as 0.1 ETH ($159) required to enter. from Cointelegraph.com News https://ift.tt/bSr397L via IFTTT

Frida Kahlo art finds permanent home in the metaverse

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Art, artifacts and untold family stories from the world-renowned Mexican painter Frida Kahlo are being digitized and uploaded to the metaverse. from Cointelegraph.com News https://ift.tt/Bzn9CeP via IFTTT

Ethereum scaling network Arbitrum set for major upgrade on Aug. 31

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The Nitro upgrade will further improve the transaction fee crisis that has plagued the growth of the Ethereum network over the last two years. from Cointelegraph.com News https://ift.tt/jzGJ14V via IFTTT

'Most of crypto is still junk' and lacks use case — JPMorgan blockchain head

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JPMorgan’s Umar Farooq said that use cases haven't arisen fully and regulation hasn't yet caught up. from Cointelegraph.com News https://ift.tt/PSKCD4a via IFTTT

Argentina's Mendoza province now accepting crypto for taxes and fees

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The New Mendoza Tax Administration crypto payment service turned on as of Aug. 24. from Cointelegraph.com News https://ift.tt/BS9hRPT via IFTTT

Bored Ape prices are down, but the NFT market is headed for new heights

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One study indicated the NFT market is headed for a $230 billion valuation by 2030 — an increase of more than 20 times compared to its height in 2021. from Cointelegraph.com News https://ift.tt/F3gmjp5 via IFTTT

US dollar hits new 20-year high — 5 things to know in Bitcoin this week

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A familiar tale of losing stocks and a surging greenback greets Bitcoin traders this week as $20,000 fails to sustain as support. from Cointelegraph.com News https://ift.tt/e847DCG via IFTTT

Nifty News: Taco Bell wants you hitched in the Metaverse, Animoca Japan raises $45M and more

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X2Y2 has introduced optional royalties to their platform to mixed reaction, while Yumon has launched an NFT trading card game that turns Youtubers into fantasy hero characters. from Cointelegraph.com News https://ift.tt/kW37ldY via IFTTT

0.3% fall in assets "could render Tether technically insolvent" — WSJ

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Wall Street Journal's Jean Eaglesham and Vicky Ge Huang suggested that such a “thin cushion of equity” could cause mayhem in the market if Tether’s liabilities were to outweigh its assets. from Cointelegraph.com News https://ift.tt/W1yQvTf via IFTTT

Bitcoin is ‘one of the worst cryptocurrencies’ claims Cyber Capital founder

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The comments come as Ethereum and Cardano are soon undergoing significant upgrades, while Bitcoin has remained largely unaltered. from Cointelegraph.com News https://ift.tt/J5HRYDr via IFTTT

18 'uncomfortable' truths about nonfungible tokens

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NFT analyst OKhotshot warns there are no reliable stable investments in the NFT space and most investors will lose money investing in the market. from Cointelegraph.com News https://ift.tt/lOa2LNP via IFTTT

MakerDAO co-founder recommends DAI-USD depegging to limit attack surface

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While revealing the protocol's inability to comply with regulators, Christensen suggested that "we must choose the path of decentralization." from Cointelegraph.com News https://ift.tt/UFAxdio via IFTTT

Bitcoin risks worst August since 2015 as hodlers brace for 'Septembear'

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Serious cold feet over the outlook for monthly timeframes with September historically a "red" month. from Cointelegraph.com News https://ift.tt/tLF9AXd via IFTTT

GameFi investors are now prioritizing fun factor over money: Survey

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While roughly half of the investors joined the GameFi space initially for profits, 89% of GameFi investors succumbed to Crypto Winter 2022. from Cointelegraph.com News https://ift.tt/XBtZU0W via IFTTT

Bitcoin mining difficulty set for 8-month record gains despite BTC price dip

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Bitcoin network fundamentals seem not to care about spot price weakness, with both difficulty and hash rate making an impressive recovery. from Cointelegraph.com News https://ift.tt/FH64QvB via IFTTT

Top 10 most Googled questions about cryptocurrency and its implication

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The top 10 Google searches related to cryptocurrencies uncover an increase in curiosity among general investors — represented by two 'Why's, three 'What's and five 'How's. from Cointelegraph.com News https://ift.tt/ZmW4TN0 via IFTTT

Coinbase says it will 'evaluate any potential forks' following the Merge

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“Should an ETH PoW fork arise following The Merge, this asset will be reviewed with the same rigor as any other asset that is listed on our exchange,” said Coinbase. from Cointelegraph.com News https://ift.tt/ExIzFZU via IFTTT

Bitcoin price briefly loses $20K on 'bunch of nothing' Powell speech

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Bitcoin could well sink below the $20,000 mark again, traders warn, with price targets now as low as $16,000. from Cointelegraph.com News https://ift.tt/hCPzSjq via IFTTT

US stocks lose $1.25T in a day — more than entire crypto market cap

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Risk assets take a major blow as Fed Chair Jerome Powell stays firmly hawkish on inflation and monetary policy. from Cointelegraph.com News https://ift.tt/WnGTum6 via IFTTT

Pro-blockchain narratives hinder Bitcoin adoption, says StackinSat founder

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Josselin Tonnellier, the founder of crypto investment banking firm StackinSat, said that while organizing an event during the bear market was difficult, seeing attendees from abroad was very rewarding. from Cointelegraph.com News https://ift.tt/XAzSZId via IFTTT

Bear market uncertainty is the perfect time to build and learn, says Sato exec

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Fanny Philip, COO of Sato Technology, doubled down on believing that bear markets should be considered a builder’s market for mining companies. from Cointelegraph.com News https://ift.tt/4G6MVtH via IFTTT

Hacker tries to exploit bridge protocol, fails miserably: Finance Redefined

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Majority of the DeFi tokens in the top-100 had a mixed week as several tokens traded in red while a few others managed to make double-digit gains. from Cointelegraph.com News https://ift.tt/qU2KkWi via IFTTT

Hetzner anti-crypto policies: A wake-up call for Ethereum’s future

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The terms of services, laid down by Ethereum's second-biggest host Hetzner, prohibits customers from running nodes, mining and farming, plotting, storage of blockchain data and trading. from Cointelegraph.com News https://ift.tt/n2wgTJ9 via IFTTT

Ethereum dev addresses node centralization concerns in runup to the Merge

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A majority of 4,653 active Ethereum nodes are being run through centralized web providers like Amazon Web Services, which experts believe could become a central point of failure. from Cointelegraph.com News https://ift.tt/3lhZv1U via IFTTT

Bitcoin price taps $21.3K ahead of Fed Chair Powell Jackson Hole speech

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Daily lows greet Bitcoin traders as markets await fresh macro cues from the Fed. from Cointelegraph.com News https://ift.tt/MJuvPAc via IFTTT

Cardano hard fork ‘ever closer’ as upgraded SPOs account for 42% of blocks

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IOHK wants to see at least 75% of new blocks coming from upgraded nodes, along with two other "critical indicators" before implementing the Vasil hard fork. from Cointelegraph.com News https://ift.tt/ptqdxwT via IFTTT

Synthetix looks to turn off the SNX money printer once and for all

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If the proposal were to take effect, Synthetix would much more closely resemble a traditional business by simply generating fee revenue and distributing the proceeds to SNX holders. from Cointelegraph.com News https://ift.tt/HKN7Jlq via IFTTT

Xbox boss keen on Metaverse but 'cautious' about play-to-earn games

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Phil Spencer argues that “gamers have been in the Metaverse for 30 years” as games already offer 3D shared worlds for people to communicate in. from Cointelegraph.com News https://ift.tt/EFPNBMw via IFTTT

Zipmex requests meetings with Thai regulators to discuss ‘recovery plan’

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The firm stated that its potential investors will also attend the meetings, which will include Zipmex, Thailand's SEC, and government agencies. from Cointelegraph.com News https://ift.tt/LMK0hzH via IFTTT

Ruling to keep Tornado Cash developer in jail for 90 days sparks backlash

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A judge ruled that the developer must stay in jail for 90 days while awaiting charges and a court date. from Cointelegraph.com News https://ift.tt/dhA4K2V via IFTTT

US court gives Voyager green light to pay bonuses to key employees

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Voyager Digital will pay $1.9 million in retention bonuses to key staff members to ensure the beleaguered cryptocurrency lender can continue operating through bankruptcy proceedings. from Cointelegraph.com News https://ift.tt/80K4q6O via IFTTT

Nvidia cites limited visibility into crypto mining's impact on Q2 results

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Nvidia’s CFO said falling crypto prices and changes in consensus mechanisms have in the past impacted demand for its products and the company’s ability to estimate it. from Cointelegraph.com News https://ift.tt/AhblcF7 via IFTTT

Nifty: M&M'S jump into BAYC mania, a Pudgy Penguin sells for 400 ETH and more…

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Owners of luxury watches can now verify ownership as NFTs and then take DeFi loans out against them, while Miley Cryus may soon enter the metaverse and NFTs with new patents. from Cointelegraph.com News https://ift.tt/OE1CRYr via IFTTT

'Atozy you've won' — Bitboy drops lawsuit after $200K defense raised

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“So we are gonna drop the lawsuit, 100% and I'm sorry this became public,” said Ben Armstrong. from Cointelegraph.com News https://ift.tt/LHQsbT3 via IFTTT

China’s Ant Group to help Malaysia launch crypto-friendly 'super app'

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Expected to launch in early 2023, Kenanga’s crypto-friendly super app will feature digital investment management, e-wallet, FX, stock trading and other services. from Cointelegraph.com News https://ift.tt/utBSdGs via IFTTT

Still growing — Armenian mining operator increases power plant capacity

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As cryptocurrency mining operators look for new locations, an Armenian firm has added an additional 60MW cloud hosting facility based at a local power plant. from Cointelegraph.com News https://ift.tt/BviOewj via IFTTT

Bitcoin bulls may win big as two key moving averages prepare to cross

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History repeating itself would be good news for those looking to enjoy further BTC price upside. from Cointelegraph.com News https://ift.tt/hued83q via IFTTT

Australia’s markets regulator to prioritize shielding citizens from crypto harm

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Part of its actions will include raising public awareness about the risks inherent in crypto-assets and decentralized finance. from Cointelegraph.com News https://ift.tt/xy9YMgG via IFTTT

New fix for curse of impermanent loss proposed on Avalanche

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Trader Joe says its Liquidity Book will mitigate the impermanent loss “suffered by so many liquidity providers on other DEXs” during times of market turbulence. from Cointelegraph.com News https://ift.tt/SULvX5w via IFTTT

Australia’s Northern Territory mulls landmark crypto gambling regulation

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“It's clear from the draft framework that what they're looking at is wagering using cryptocurrency,” said Julian Hoskins, the principle of gambling law and regulatory advisory firm Senet. from Cointelegraph.com News https://ift.tt/N6lkjDH via IFTTT

Iran Import Association demands regulatory clarity to use crypto in foreign trade

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Corporate lobbyists urge the government to create a proper infrastructure and avoid the emergence of business rent. from Cointelegraph.com News https://ift.tt/XQCh1sr via IFTTT

Bitcoin mining to cost less than 0.5% of global energy if BTC hits $2M: Arcane

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Bitcoin may be a significant energy consumer in 2040, but only if its price reaches several million dollars, according to new estimates by Arcane Research. from Cointelegraph.com News https://ift.tt/Injs3wX via IFTTT

AMM protocol SudoRare disappears from the internet with 519 ETH

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SudoRare suddenly shut down its services and social media accounts after reportedly making away with 519 Ether, worth roughly $815,000. from Cointelegraph.com News https://ift.tt/qzwQUgM via IFTTT