With the conflict between Russia and Ukraine, many observers are curious about the large quantity of hashrate located in Russia, as the region reportedly controls the third-largest sum of SHA256 hashpower worldwide. Furthermore, on February 24, the ethereum mining operation Flexpool announced it has halted services to Russia entirely. “We apologize to our Russian miners; …
Monthly archives: February 2022
Sanctions May Not Affect Russia’s Access to Crypto, Reports Claim
As sanctions rain on Russia, following the Kremlin’s decision to invade Ukraine, media reports have suggested that they are unlikely to limit the country’s access to crypto assets. While the Russian elite may use them to circumvent restrictions, ordinary Russians are also likely to keep trading digital coins on foreign platforms. Cryptocurrencies Deemed Potential Tool …
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GAIMIN Extends Its Active User Base Through the Success of Gaimin’s Esports Team – GAIMIN Gladiators
press release PRESS RELEASE. Zug, Switzerland, 25th February 2022: GAIMIN Gladiators is pleased to announce its recently acquired DOTA 2 esports team has won the DOTA2 WEU Regional Finals, beating teams including Team Liquid, Nigma, Tundra and OG. The success of GAIMIN’s esports team generates significant awareness of the GAIMIN brand and directs more potential …
Reported First Real Estate Purchase Made With Bitcoin in Chile
Yuval Ben Haym, regional manager of Remax, a real estate firm that operates worldwide, has announced that the “first” real estate purchase with cryptocurrencies has already occurred in Chile. The purchase, that was made using bitcoin, happened last year. Such purchases have also already happened in other countries like Colombia, Mexico, and Venezuela. Remax Announces …
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Celsius’s $30 million wETH lending pool on Maple Furnance
Celsius, a digital asset lending platform has announced its partnership with Maple Finance, a decentralized marketplace. Celsius will become its first CeFi lender on the platform. Celsius is a platform that provides quick transactions, no fees whatsoever, and fair interest. They believe that most of those services were abandoned by the banks. The goal is …
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Monster BevCorp to enter the metaverse by filing trademark applications
One of the most popular energy drinks called Monster Energy filed four trademark applications related to nonfungible tokens (NFTs). If their pending applications get accepted, this would allow the company to enter the metaverse. The company’s first filing includes all of the downloadable virtual goods they offered so far. The current virtual goods they are …
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Senator Ted Cruz praises Bitcoin’s role in Canadian protests
Senator Ted Cruz has taken advantage of the Canadian Freedom Convoy protests to advocate for Bitcoin. The pro-Bitcoin senator lauded Bitcoin’s decentralized nature during the Conservative Political Action Conference (CPAC). Ted Cruz praises Bitcoin The senator said that he was bullish on Bitcoin because of the decentralized nature that makes it immune from government control. …
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Crypto Market Setting Up for a Bullish Second-Half This Year Despite Sell-Off, Says Bitwise CIO Matt Hougan
A top executive at Bitwise Asset Management says the current dip in crypto prices is temporary. In a new Yahoo Finance interview, chief investment officer (CIO) Matt Hougan says that crypto prices will rally during the second half of the year. “It always is uncomfortable when the market goes down. But I think we’re actually …
Crypto community rallies with Ukraine as local NFT artists’ works sell out
It appears that crypto enthusiasts worldwide are rallying in support of Ukraine to resist an ongoing full-scale Russian invasion. According to reports, Bitcoin (BTC) donations to Come Back Alive, a non-governmental organization helping Ukraine’s military efforts, received $3 million in BTC in a single donation on Friday. Users also took to social media to ask …
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Bitcoin whales fuel BTC price comeback as stocks brush off Russia-Ukraine shocks
Bitcoin (BTC) kept $40,000 in play at the Wall Street open on Feb. 25 after 16% daily gains increased bulls’ confidence. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Whales “leading the charge” towards $40,000 Data from Cointelegraph Markets Pro and TradingView showed BTC/USD circling the $39,000 mark at the start of trading Feb. 25, geopolitical turmoil …
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Wyoming’s state stablecoin: Another brick in the wall?
For a state with a small-town feel, Wyoming moves with big-city alacrity when it comes to things crypto. According to the bipartisan bill introduced into its legislature last week, a Wyoming stablecoin could debut before the end of 2022. The announcement caught even Wyoming banker and cryptocurrency champion Caitlin Long by surprise. “Didn’t know it …
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Apple Pay to halt support for Russian banks sanctioned on war in Ukraine
Several Russian banks that have been sanctioned over Russia’s “special military operation” in Ukraine will no longer support major payment services like Apple Pay and Google Pay. Russia’s second-largest bank, VTB — as well as other banks like Sovcombank, Otkritie, Novikombank and Promsvyazbank — are on the list of companies sanctioned by the United States, …
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Elon Musk allegedly spends 549 ETH on a Bored Ape NFT
Derek.eth, a collector of non-fungible tokens (NFTs), has claimed that he sold his Bored Ape NFT to Tesla’s CEO, Elon Musk. Bored Ape is one of the most valuable and popular NFTs in the market. Elon Musk allegedly buys Bored Ape NFT The NFT piece under the label BAYC #1837 was sold to an anonymous …
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Coinbase Q4 Report Shows $2.2B Revenue Generated from Transaction Fees
Coinbase’s fourth-quarter financial report outperformed market expectations on Thursday, with the company posting $2.5 billion in net revenue for the quarter, outperforming analyst predictions by 27 percent. According to FactSet, Coinbase’s revenue for the period was expected to be around $1.9 billion. Notably, the prominent cryptocurrency exchange more than quadrupled transaction income from Q3 to …
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DeFi Flash Loans: What Are They and How Can You Prevent Them?
Traditional banking requires a range of documentation, including a formal ID, proof of income, and reserves, in order to obtain a loan. In the event of a fast loan, none of this is important. As the name implies, such loans can be provided instantly, providing consumers quick access to money. Flash loans are unquestionably unique …
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