The co-founder of Twitter, and the current CEO of Block, has praised Bitcoin and explained its role in the universal basic income (UBI). Dorsey, a popular Bitcoin bull, praised the primary cryptocurrency for transparency. According to Dorsey, people needed to focus on Bitcoin because of transparency in the operations, code and policy. Dorsey advocates for …
Monthly archives: February 2022
Flare CEO Updates XRP Holders on Massive Upcoming Spark Token Airdrop – Here’s What’s Happening
The road to Flare’s much-anticipated airdrop to XRP holders is in its home stretch, according to the company’s chief executive. Hugo Philion, CEO and co-founder of Flare, says on Twitter the company is working to upgrade their Songbird network before the airdrop of Spark (FLR) tokens. “For all those asking where their FLR is. We …
Ethereum eyes $3.5K as ETH price reclaims pandemic-era support with 40% rebound
Ethereum’s native token Ether (ETH) looks poised to hit $3,500 in the coming sessions as it reclaimed a historically strong support level on Feb. 5. Ethereum price back above key trendline ETH price rising above its 50-week exponential moving average (50-week EMA; the red wave in the chart below) means the price also inched above …
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Stealth rulemaking: Is proposed SEC rule with no mention of crypto a threat to DeFi?
On Jan. 26, the United States Securities and Exchange Commission proposed amendments to Rule 3b-16 under the Exchange Act that lacks any mention of digital assets or decentralized finance, which could adversely affect platforms that facilitate crypto transactions. Some cryptocurrency advocates — including SEC Commissioner Hester Peirce — believe that the commission’s extended definition of …
3 things every NFT investor should know to avoid a tax nightmare
2021 will be remembered as the year of nonfungible tokens (NFTs). In a year where names like Beeple and Bored Ape Yacht Club dominated the headlines, it’s estimated that NFTs have generated more than $23 billion in trading volume. The rise of NFTs has ushered in a new generation of investors who spend time scouring …
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Yuga Labs Involves in Talks with A16z Investment Firm
Hailing as the proud creator of the Bored Ape Yacht Club NFT collection, Yuga Labs is gearing up to secure strategic funding worth $5 Billion from Andreessen Horowitz (A16z), a tech VC from the Silicon Valley. The investor is reportedly putting efforts to crack the deal with the highly-acclaimed Non-Fungible Token firm as the latter …
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GameStop proposes to launch a NFT Marketplace
Working as a top-tier video game and gaming merchandise retailer from the United States, GameStop Corp has locked a deal with NFT firm, Immutable X Pty Ltd. to launch a NFT marketplace for users. The strategic partnership is aimed to help the participating entities in exploiting the potential of the fast-growing NFT cluster with the …
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This Ethereum-Based Gaming Altcoin Is Flashing Bullish Signals After Hitting a New All-Time Low: Santiment
Crypto analytics firm Santiment says that the native token of a popular Ethereum-based gaming project is starting to look bullish after a multi-month downtrend. Santiment says that Smooth Love Potion (SLP), which is earned by participating in the Axie Infinity (AXS) game, could soon be bottoming out after falling by over 97% from its all-time …
Indian couple celebrates blockchain wedding with NFT vows, digital priest
A young couple from India used nonfungible tokens (NFTs) to digitize their love for each other till eternity over the Ethereum (ETH) blockchain. The recently married couple from Pune, India, Shruti Nair and Anil Narasipuram decided to take their court marriage to the next level by hosting a blockchain wedding. According to Anil, the husband: …
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Bitcoin stays higher after stocks propel BTC price toward $42K
Bitcoin (BTC) held above $41,000 into the weekend after a late surge Friday took the largest cryptocurrency to two-week highs. BTC/USD 1-day candle chart (Bitstamp). Source: TradingView “The only good bear is a dead bear” Data from Cointelegraph Markets Pro and TradingView showed BTC/USD maintaining newly re-won ground Saturday, with the pair’s correlation to stock makets …
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Tezos logo to be on Manchester United training uniforms now
Reports have indicated that English Premier League giant Manchester United has attracted a multi-million dollar partnership from Tezos, a proof-of-stake blockchain platform. Manchester United partners with Tezos According to The Athletic report, Tezos would be paying the 13-times premier league winner around $27 million annually to have their logo on the club’s training uniform throughout …
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Russian Association of Power Suppliers Proposes Measures to Prevent Home Mining
The industry organization of Russian energy suppliers has come up with ideas on how to combat cryptocurrency mining in homes, basements and garages. The association believes the phenomenon is the main issue with mining in Russia as authorities prepare to legalize it. Suppliers Move Against Mining With Cheap Electricity The Russian association of energy suppliers …
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A DAO Created to Free Julian Assange Has Raised $7.5 Million in Ethereum
A group of cypherpunks recently initiated a decentralized autonomous organization (DAO) in order to try and free the incarcerated Wikileaks founder and activist Julian Assange. So far, the DAO has raised $7.5 million in ether and the funds will be used to help with Assange’s legal fees and raise public awareness about his case. Assangedao …
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Konami to Keep Selling NFTs to ‘Preserve Content’
Konami, one of the leading Japan-based game developers, elaborated on its future policy regarding NFTs. In its latest financial results meeting, Konami touched briefly on the subject of NFTs, and explained it would go on with its activities involving this technology as a preservation tool for some of its beloved franchises. Konami to Use NFTs …
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Top Crypto Exchange Coinbase Rolls Out Full Retail Support for Three Low-Cap Altcoins
Top US crypto exchange Coinbase is launching full retail support for a trio of low-cap altcoins. Aventus (AVT), Render Token (RNDR) and Quantstamp (QSP) are now live on Coinbase.com and the exchange’s mobile apps, according to a new tweet from the company. Coinbase Pro listed the three assets earlier this week. Quantstamp is a security-auditing …