A young South African electronics engineer has rued his decision to delete a text document containing the keys and password to a crypto wallet that held some 20 bitcoins. According to the engineer, the lost coins had been mined more than ten years ago using a modified personal computer that “boasted an AMD Phenom X3 …
Monthly archives: August 2021
The HUMAN App Delivers Real-World Utility to HMT and the HUMAN Ecosystem
HUMAN Protocol has launched on the Ethereum Mainnet. To complement this launch – which also involved the listing of HMT (the native token of HUMAN Protocol) on FTX and Gate.io on the 10th of August – the HUMAN Protocol Foundation has now released the HUMAN App: the first opportunity for people to earn HMT directly …
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Nifty News: John Cena collectibles, rum tokens, SuperRare 2.0, and more…
World Wrestling Entertainment (WWE) announced on Aug. 16 that it will be dropping nonfungible tokens (NFTs) depicting WWE Hall of Famer John Cena. Last week the beloved wrestling organization dropped its first NFT collection featuring The Undertaker, with the highest-selling NFT going for $100,000 through auction. The latest NFT release will see the first tier …
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Bitcoin ‘will remind everyone who the king is’ says trader as BTC dips to $44K
Bitcoin (BTC) fell to test $44,000 on Aug. 18 with traders still bullish on new all-time highs. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Eyes on $42,000 for higher low Data from Cointelegraph Markets Pro and TradingView showed BTC/USD hitting local lows of $44,215 on Bitstamp overnight. A continuation of consolidation seen on Tuesday, the …
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Vitalik thinks token-based decentralized governance is holding DeFi back
Ethereum co-founder Vitalik Buterin has taken a deep dive into token-based decentralized governance, suggesting that existing voting mechanisms are flawed and may be holding the DeFi sector back from realizing its full potential. In a lengthy blog post published Aug. 16, Buterin stated the crypto community needs to “move beyond coin voting as it exists …
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The Big Short’s Michael Burry takes aim at Cathie Wood’s ARK Innovation ETF
Michael Burry, the investor made famous by The Big Short movie, has taken out a major short position against Cathie Woods’ ARK Innovation ETF According to second-quarter 13f filings, Burry’s hedge fund Scion Asset Management has purchased $31 million worth of bearish put options against 235,000 shares of the ETF. Put options are a way …
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Bitcoin legalization can dampen El Salvador’s credit rating, Fitch says
Fitch Ratings has warned that El Salvador’s move to regulate Bitcoin (BTC) as legal tender could negatively affect credit ratings of the country’s insurance sector. The global credit scoring agency has joined the pack of El Salvador’s Bitcoin adoption critics, stating concerns about the country’s poor articulation of the crypto’s implementation in mainstream markets. Mainstreaming …
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Economist claims a $500,000 Bitcoin would be disastrous for CO2 emissions
The founder of Digiconomist, Alex de Vries, predicts that, in the long run, the cost of mining a Bitcoin will rise to the price of a Bitcoin. de Vries was referring to economic theory, which states competition will drive profits down over time. de Vries, whose website studies the consequences of digital trends from an …
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People’s Bank of China Targets Crypto Companies in Shenzhen Crackdown
The Shenzhen office of the People’s Bank of China (PBOC) has reportedly set out to correct the business activities of about a dozen companies allegedly engaged in cryptocurrency transactions. According to Chinese media, the entities have been targeted in a crackdown on crypto trading in the city. People’s Bank of China Cracks Down on Coin …
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Multi-Billion Dollar Financial Services Firm Lloyds Looks to Hire a Digital Currency Expert
Lloyds Banking Group, the British parent company of Lloyds Bank, is currently hiring a “digital currency [and] innovation senior manager,” according to a recent job listing posted to BYP Network. Lloyds is one of the largest financial services firms in the world with close to $500 billion assets under management (AUM). The new digital currency …
Charles Schwab Strategist Skeptical of Crypto — Puts Faith in Banking System, Federal Reserve
Charles Schwab’s chief investment strategist says she puts faith in the entire U.S. financial system, the banking system, the power of the central bank, and the Federal Reserve more than bitcoin. Charles Schwab’s Strategist Skeptical of Cryptocurrency Charles Schwab Chief Investment Strategist Liz Ann Sonders shared her thoughts on cryptocurrency and the U.S. financial and …
Crypto Exchange Bitfront Said to End Korean Services Ahead of Tough New Regulations
U.S.-based crypto trading platform Bitfront is going to discontinue services in South Korea before stricter rules for the industry are enforced in September, Korean media reported. The exchange, a subsidiary of Japanese tech giant Line, is currently available to Korean traders. Line’s Bitfront Exchange to Discontinue Services for Korean Cryptocurrency Traders With tighter regulations on …
Billionaire Mike Novogratz unfazed by Galaxy Digital’s $175.8M loss in Q2
Mike Novogratz’s crypto investment firm Galaxy Digital Holdings has posted a second-quarter loss of $175.8 million. The figure provides a stark contrast to the firm’s first-quarter report that booked $860 million in comprehensive net profit earlier this year. Galaxy Digital posted its financial results as of June 30 on Monday, with the firm attributing the …
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Could Ethereum Rival Microsoft’s Market Cap? Coin Bureau Lists 5 Reasons To Be Bullish on ETH
Guy, the pseudonymous host of Coin Bureau is listing five big reasons to be bullish on ETH, positing whether Ethereum could eventually become as big as tech giant Microsoft. In a new video, the widely followed analyst names Ethereum’s recent EIP-1559 upgrade, which puts pressure on the supply of ETH by burning a portion of …
Four Low-Cap Crypto Assets Skyrocket Over 160% Within Seven Days
Four low-cap altcoins have skyrocketed more than 160% in the past week amid the overall momentum happening across the crypto markets. IoTex, a platform that aims to link the Internet of Things (IoT) devices and decentralized applications, is one of the hottest cryptocurrencies this week. ADVERTISEMENT IoTex’s native token, IOTX, was listed on Coinbase …
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