A decentralized finance (DeFi) and gaming altcoin has been in the midst of a moonshot throughout the month of March. Xido Finance (XIDO) is an automated market maker with a capped supply of 100 million XIDO tokens that offers yield-farming incentives to liquidity providers. This week, the project officially launched its play-to-earn gaming project in …
Monthly archives: March 2022
Ethereum balance on crypto exchanges falls to lowest levels since 2018
The amount of Ethereum’s native token Ether (ETH) kept with crypto exchanges has fallen to its lowest levels since September 2018, signaling traders’ intention to hold the tokens in hopes of a price rally in 2022. Notably, nearly 550,000 ETH tokens — worth around $1.61 billion — have left centralized trading platforms year-to-date, according to …
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Here’s how the new sanctions bill could hurt the crypto industry
Yesterday, a group of democratic co-sponsors led by Senator Warren introduced a bill titled the Digital Asset Sanctions Compliance Enhancement Act. The bill presents certain precautions to properly prevent Russia from using crypto to evade economic sanctions. In addition to the fact that crypto can’t single-handedly rescue Russia and that most countries are already applying …
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US Lawmaker Says Bitcoin Is Aligned With American Values, Will Strengthen the Dollar
U.S. Congressman Pete Sessions says bitcoin is aligned with American values and will strengthen the U.S. dollar. The lawmaker further noted that the cryptocurrency “is trending to be a more resilient alternative option to hedge against fiat-currency inflation.” Rep. Pete Sessions Sees Merit in Bitcoin U.S. Representative Pete Sessions tweeted about bitcoin several times this …
Universal Music Group’s Web3 Label Buys Bored Ape for $360K in Ethereum
On Friday, Universal Music Group’s Web3 label dubbed 10:22PM revealed it purchased the Bored Ape Yacht Club (BAYC) non-fungible token (NFT) #5537 for more than $360,000. 10:22PM says that BAYC #5537 will become the female manager for the first-ever metaverse group. UMG’s 10:22PM Acquires Bored Ape #5537 for 125 Ether Universal Music Group (UMG) and …
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Bitcoin Ink: Study Shows Interest in ‘Crypto Tattoos’ Jumped 222% in the Past Year
As cryptocurrencies, bitcoin, decentralized finance (defi), and non-fungible token (NFT) technology experienced extreme growth during the last year, interest in crypto tattoos has risen a great deal. According to a recent study published by Crypto Head, searches for tattoos related to cryptocurrencies jumped 222% over the last year. Study Shows a Growing Interest in Crypto …
One Ethereum Competitor Has ‘Lots of Fuel Left in the Tank’, According to Coin Bureau
A popular crypto analyst says the fundamentals of one mid-cap Ethereum competitor remain well-intact despite the project’s recent price pullback. Pseudonymous Coin Bureau host, Guy, tells his 1.98 million YouTube subscribers that Fantom (FTM) “still has lots of fuel left in the tank” despite a price crash coinciding with the departure of renowned decentralized finance …
Bitcoin beats owning COIN stock by 20% since Coinbase IPO
Buying a Coinbase stock (COIN) to gain indirect exposure in the Bitcoin (BTC) market has been a bad strategy so far compared to simply holding BTC. Notably, COIN is down by nearly 50% to almost $186, if measured from the opening rate on its IPO on April 14, 2021. In comparison, Bitcoin outperformed the Coinbase …
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BlockFi confirms unauthorized access to client data hosted on Hubspot
New Jersey-based crypto financial institution BlockFi confirmed a data breach incident via one of its third-party vendors, Hubspot. BlockFi’s proactive warning about the breach aims to deter the intentions of bad actors in repurposing the user data for fraudulent activities. According to the announcement, the hackers gained access to BlockFi’s client data on Friday, Mar. …
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Gitcoin Grants Aims to Raise $1M+ in Ethereum Towards Ukraine
Quick take: Gitcoin is hosting a fundraising campaign to benefit the humanitarian effort in Ukraine The fundraising campaign will run from the 9th to the 23rd of March $700k has been set aside by Gitcoin Grants to match individual donations According to Slowmist, $84.939 million in crypto has been donated to Ukraine Gitcoin, the platform …
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Crypto Adoption in the Spotlight During Russian Invasion of Ukraine
HodlX Guest Post Submit Your Post Key takeaways The Russian invasion and the robust international response via economic sanctions will have a profound effect on global finance over the coming years. This is especially true of cryptocurrencies. We are at a pivotal moment in their evolution. What is happening in Ukraine is tragic. Like everyone, …
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European ‘MiCA’ regulation on digital assets: Where do we stand?
The proposed European Union Regulation on Markets in Crypto Assets, or MiCA, (hereinafter the “regulation”) was put to a vote in the European Union Parliament’s Committee on Economic and Monetary Affairs on March 14, 2022, and in the end, the proposed amendment to ban or restrict proof-of-work-based crypto assets, which would have effectively resulted in …
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5 “next bitcoins” that weren’t
The world of blockchain gets so many new projects that it’s easy to forget the ones that that fizzled out. Whereas every new “Ethereum killer” gets attention, as do disaster projects like HashOcean and BAS, it’s important to look back in time to some older projects (that means over 2 years plus, in crypto) that …
Facebook sued in Australia for fake crypto ads
A few weeks ago, Australia’s richest man, Andrew Forrest, was forced to file criminal charges against Meta for allowing crypto scam ads with his name and age. Now, the Australian Competition & Consumer Commission (ACCC) has commenced legal action against the parent company of Facebook due to its inability to curb the spread of such …
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Here’s how onXRP protects your NFTs against duplication and data-loss
onXRP, a content-providing platform home to many NFT projects, partnered with Pastel Network, leading NFT technology protocol. This partnership will integrate Pastel’s security measures to the upcoming onXRP NFT marketplace to prevent duplications and scams, which have been rising since mid-2021. NFT scams are on the rise The chart below demonstrates the “NFT Scam” searches …
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