Input Output CEO Charles Hoskinson responded to a recent Cory Klippsten interview by calling the Swan Bitcoin CEO “an idiot.” Hoskinson took exception to Klippsten calling blockchain a “marketing scam.” Specifically, Klippsten said blockchain is “a slow and expensive database,” but its only use case of merit is “as part of the system designed for …
Monthly archives: July 2022
Moscow, Karelia, Irkutsk — Study Lists Most Popular Crypto Mining Destinations in Russia
Russia could be a large player in the crypto mining space, experts in the field have established in research naming the most attractive regions for coin minting operations in the country. The capital Moscow is among the popular mining destinations alongside the places offering the cheapest power. Cost of Electricity, Logistics Determine Russian Miners’ Choice …
Digital Identity Startup Unstoppable Domains Secures $65 Million in a Series A Led by Pantera Capital
On Wednesday, the Web3 digital identity platform Unstoppable Domains announced the company has secured $65 million in financing in a Series A funding round led by Pantera Capital. The latest funding gives Unstoppable Domains a post valuation of $1 billion, pushing the blockchain startup up to unicorn status. Unstoppable Domains Joins the Growing List of …
Fed Hikes Benchmark Bank Rate by 75 bps, Elizabeth Warren Says Central Bank Could ‘Trigger a Devastating Recession’
On Wednesday, the U.S. Federal Reserve raised the federal funds rate by 75 basis points (bps) in order to tame inflation and stabilize the American economy. The recent rate hike is the U.S. central bank’s third rate increase after increasing the benchmark rate by 50 bps last March. Fed Hikes Rate by 75 bps for …
Strawweight Luana Pinheiro Becomes First Female UFC Fighter to Be Paid in Bitcoin
On Wednesday, the cryptocurrency payments service company Bitwage announced that the Ultimate Fighting Championship (UFC) strawweight Luana Pinheiro will be the first female UFC fighter to be paid in bitcoin. Pinheiro’s boyfriend, a UFC flyweight fighter, started getting paid in bitcoin last March and after her eight-fight winning streak, Pinheiro decided to follow her partner’s …
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Gamestar+ Confirms Partnership With Ava Labs and Impending Launch on Avalanche
press release PRESS RELEASE. Streaming social game platform Gamestar+ has confirmed an official partnership with blockchain developer Ava Labs, commencing the development of the technological framework that will allow Gamestar+ to bring the most iconic and well-known interactive IPs and entertainment brands as family gaming experiences, with powerful web3 and play-and-earn features. The new partnership, …
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FTC files lawsuit against Meta over attempted monopolization of metaverse
The government watchdog previously filed a lawsuit against the social media giant in 2020 for alleged “anticompetitive conduct” in its acquisitions of WhatsApp and Instagram.
Ethereum Pumps 16% amid US Federal Funds Rate Hike
During the late US session, Ethereum pumps 16% amid an interest rate hike from the US Federal Reserve. Ethereum’s early-day downward rally has been halted, gaining some modest bullish traction near $1,589.81. However, the reason could be related to the recent modest gains in the cryptocurrency market. The price recovery of Bitcoin, the world’s largest …
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Square Enix to launch FF7: Nifty Newsletter, July 20–26
The Open Metaverse Alliance for Web3 was created by blockchain platforms with the goal of setting standards for NFTs.
Cuban NFT artists say they face censorship within the crypto market
“Blockchain is decentralised and doesn’t obey any governments, so no embargo affects us there”, NFT artist Gabriel Bianchini explained.
Crypto Analyst Issues Warning on Bitcoin (BTC), Solana (SOL) and ApeCoin (APE) As Markets Correct
A popular analyst is diving into the price charts to provide updates for a trio of crypto assets as the markets cool off. Pseudonymous analyst Altcoin Sherpa tells his 180,500 Twitter followers that the trend so far for Bitcoin (BTC) in 2002 has been to fall further after each consolidation event, and so he intends …
New Bipartisan US Senate Bill Seeks To Exclude Small Crypto Transactions From Taxation
Republican Senator Pat Toomey of Pennsylvania and Democrat Senator Kyrsten Sinema of Arizona are proposing a new law that would exempt small personal crypto transactions from taxation. Under the current system, people who use digital assets to pay for goods and services owe capital gains taxes when the value of the coin increases. The Virtual …
IMF Issues Warning, Says Recession To Drag Down Crypto and Spark Stablecoin Chaos: Report
An official from the International Monetary Fund (IMF) says that there could be further drops in both the equities and crypto markets in the near future. In a new interview with Yahoo Finance, Tobias Adrian, director of monetary and capital markets for the IMF said the stablecoin sector, in particular, could be vulnerable in such …
Binance CEO Changpeng Zhao Sues Bloomberg Hong Kong Publisher for Defamation: Report
Binance CEO Changpeng Zhao is reportedly suing the Hong Kong publisher of business publication Bloomberg Businessweek for defamation. The Hong Kong Economic Times says Zhao is suing Modern Media over a translated article published weeks ago that portrayed the Binance CEO as running a “Ponzi scheme.” Modern Media publishes the Chinese edition of Bloomberg Businessweek. …
Tron producer Donald Kushner creates Web3-inspired Cryptosaurs NFT collection
“NFTs can aid in the documentation of the creator community through smart contracts,” said Kushner. It’s been 40 years since the classic sci-fi adventure film Tron hit movie screens around the world. Produced by Donald Kushner and released by Walt Disney Productions, its highly original futuresque concept made history by revolutionizing the use of computer animation …
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