An aspirant to the post of commissioner with the Kenyan Independent Electoral and Boundaries Commission (IEBC) has urged the elections body to consider adopting blockchain technology. According to Justus Abonyo, a former official with the Social Democratic Party of Kenya, doing this will help Kenya reduce the cost of “running an election by up to …
Yearly archives: 2021
Infinity8.io and Sacha Jafri Make NFT History at amFAR 2021
sponsored As cameras flashed at tonight’s 27th amFAR gala at the Cannes film festival in the south of France, one-star continued to shine, the world’s second highest-selling living artist, Sacha Jafri. The lavish gala celebrated its 27th edition with host Sharon Stone as Alicia Keys gave a dazzling performance in a continued effort to raise …
Continue reading “Infinity8.io and Sacha Jafri Make NFT History at amFAR 2021”
Former Heavyweight Boxing Champion Mike Tyson Asks Fans if They Prefer Bitcoin or Ethereum
On Saturday, former heavyweight boxing champion, Mike Tyson, asked his 5.6 million followers on Twitter which crypto asset they prefer: bitcoin or ethereum. Tyson is no stranger to the world of crypto and just recently stepped into the realm of non-fungible token (NFT) collectibles. Iron Mike Asks His Fans: ‘Which do you prefer, Bitcoin or …
Billionaire ‘Bond King’ Jeffrey Gundlach Predicts New Bitcoin Sell-Off, Says BTC Has Lost Its Steam
Billionaire “Bond King” Jeffrey Gundlach says that Bitcoin (BTC) has lost its steam and will likely backtrack to its pre-2021 price level. In a new CNBC interview, the CEO of investment management firm DoubleLine Capital examines the state of the Bitcoin market and says that he believes Bitcoin has topped out. ADVERTISEMENT “It looks …
Indian regulator probes crypto exchange for alleged forex law violations
Mumbai-based crypto exchange WazirX has been the target of much of India’s regulatory heat as the company continues to attract local investors. In the latest run-in with the government, the Directorate of Enforcement (ED) issued a show-cause notice to WazirX for allegedly violating the Foreign Exchange Management Act in relation to transactions worth 2,790.74 crore …
Continue reading “Indian regulator probes crypto exchange for alleged forex law violations”
Grayscale sets sights on institutional DeFi fund
Michael Sonnenshein, CEO of digital asset management giant Grayscale, has announced a new investment vehicle for the firm targeted at decentralized finance (DeFi) assets. Sonnenshein announced Grayscale’s planned DeFi Fund and Index during an appearance on CNBC’s Squawk Box. Detailing the purpose of the new product, the Grayscale CEO said the fund would offer exposure …
Continue reading “Grayscale sets sights on institutional DeFi fund”
Bitcoin price dives below $31K after lowest weekly close in 8 months
Bitcoin (BTC) fell below $31,000 support on Monday after sideways trading gave way to downside pressure. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Fresh pain for BTC price Data from Cointelegraph Markets Pro and TradingView showed BTC/USD hitting local lows of $30,630 on Bitstamp on Monday. Coming a day after Bitcoin’s lowest weekly close since December …
Continue reading “Bitcoin price dives below $31K after lowest weekly close in 8 months”
Seized PS4 consoles in Ukraine used for FIFA accounts, not crypto mining
Last week, Cointelegraph reported on the seizure of 3,800 PlayStation consoles allegedly being used to mine cryptocurrency. The confiscated gaming units were among a stash of hardware discovered by Ukrainian authorities during a raid on a farmhouse accused of tampering with electric meters to steal power from the local grid. Based on the initial reports …
Continue reading “Seized PS4 consoles in Ukraine used for FIFA accounts, not crypto mining”
‘Capitulation Day’ Coming Very Soon for Bitcoin, Says Veteran Crypto Analyst Tone Vays
Veteran crypto analyst and trader Tone Vays says he sees Bitcoin going through a major capitulation event very soon. In a new strategy session, Vays says that he’s been more or less bearish on the world’s biggest crypto since late May, when it plunged over 50% to test $30,000. ADVERTISEMENT Vays thinks Bitcoin has …
South China Morning Post to tokenize 118-year-old archive with NFTs
Veteran Hong Kong-based newspaper South China Morning Post (SCMP) is creating a series of NFTs using a new token standard called “ARTIFACT,” designed to preserve historical assets on the blockchain. In its ARTIFACT Litepaper, SCMP presents an overview of the project, which is a standardized metadata structure that can be used to ensure that key …
Continue reading “South China Morning Post to tokenize 118-year-old archive with NFTs”
Bitcoin mining difficulty drops for fourth time in a row
Amid the ongoing crackdown on cryptocurrency mining in China, mining new Bitcoin (BTC) continues getting easier as BTC has experienced another mining difficulty drop. On July 18, the Bitcoin network posted its fourth consecutive negative adjustment of mining difficulty, dropping 4.8%, according to data from Bitcoin explorer BTC.com. The latest mining difficulty adjustment occurred at …
Continue reading “Bitcoin mining difficulty drops for fourth time in a row”
Crypto experts see Bitcoin replacing fiat money in 20 years
Bitcoin’s (BTC) current price slump has failed to dampen some experts’ optimism regarding the world’s biggest cryptocurrency. In a new survey by personal finance comparison platform Finder.com, half of the respondents believe Bitcoin will surpass fiat money, or central bank-issued currencies, by 2040. While the sampling is arguably narrow — Finder.com says the report is based …
Continue reading “Crypto experts see Bitcoin replacing fiat money in 20 years”
Fed takes on stablecoins: 5 things to watch in Bitcoin this week
Bitcoin (BTC) emerges into a new week with middling price action and optimistic fundamentals — what could the coming days have in store? Still holding $30,000 support, there’s little about Bitcoin to truly excite traders, but volatility has already reminded them of its presence over the past week. As a recovery in mining continues, everyone …
Continue reading “Fed takes on stablecoins: 5 things to watch in Bitcoin this week”
Over 1,000 Bitcoin miners crushed by police in warning to electricity thieves
Authorities in Miri, Malaysia, seized and destroyed 1,069 Bitcoin mining rigs by steamroller after cracking a mining operation that was using stolen electricity. Recently, U.K police followed up a rewiring tip-off, expecting to bust a cannabis farm, only to discover an illegal Bitcoin mining operation. Globally, cryptocurrency is generally permissible under the law, whereas cannabis …
Continue reading “Over 1,000 Bitcoin miners crushed by police in warning to electricity thieves”
Russian Crypto Industry Scrambles to Attract Miners as Kazakhstan Overtakes Russia in Mining Volume
An industry association representing the Russian crypto sector has launched a project to entice bitcoin miners. Despite its abundant sources of cheap energy, Russia is now lagging behind Kazakhstan, another Eurasian Economic Union member, in terms of cryptocurrency production. Russian Project Aims to Expand Country’s Crypto Mining Capacity The Russian Association of Crypto Industry and …