In the early days of Bitcoin (BTC), crypto enthusiasts only required a basic personal computer with an internet connection to generate new BTC tokens through a distributed computing process known as mining. However, with more people chasing the same number of block rewards, Bitcoin’s mining process has become more challenging with time. In fact, the …
Monthly archives: September 2022
NFT ecosystem attempts a bounce back amid bearish market sentiment
Over the past two years, nonfungible tokens (NFTs) gave the crypto ecosystem the boost it needed to grab mainstream attention — owing to the involvement of prominent artists and celebrities. However, despite the enormous losses suffered by NFT investors following the ongoing, 10-month-long bear market, the ecosystem showed sustainable signs of a comeback in the …
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Trader Calls One Ethereum-Based Crypto Asset the ‘Opportunity of a Lifetime,’ Says Altcoins May Erupt if Bitcoin Consolidates
Popular crypto analyst Michaël van de Poppe thinks one overlooked digital asset is the “opportunity of a lifetime.” Van de Poppe tells his 627,800 Twitter followers that the decentralized oracle network Chainlink (LINK) is a huge opportunity priced between $6-$8. Chainlink’s native asset LINK is trading at $7.26 at time of writing. The 25th-ranked crypto …
MEVbots backdoor drains users’ Ethereum funds via arbitrage trading bot
MEV gain, an Ethereum (ETH) arbitrage trading bot built by MEVbots, which claims to provide stress-free passive income, has been actively draining its users’ funds via a fund-stealing backdoor. Arbitrage bots are programs that automate trading for profits based on historical market information. An investigation of MEVbots’ contract revealed a backdoor that allows the creators …
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What are Soulbound Tokens? A Deep Dive into this Non-Transferrable NFT
Soulbound tokens (SBTs) are non-transferable, non-tradeable digital assets representing your identity and achievements in Web3. As SBTs can establish provenance and reputation, these tokens may see widespread adoption in DeFi, social media, and many more aspects of our life. Back in May, Ethereum co-founder Vitalik Buterin published a paper about soulbound tokens (SBTs), describing them …
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Digital Asset Exchange Platform Granted ‘Crypto Financial Services Provider License’ by Israeli Regulator
An Israeli capital markets regulator, the Insurance and Savings Capital Market Authority, recently granted a “crypto financial services provider license” to Bits of Gold, the first such license for an active company in the country. This license allows Bits of Gold to offer crypto custodian services and to enable the safekeeping of funds belonging to …
Cryptocurrency Exchange Bitso Launches Interoperable QR Payments in Argentina
Bitso, a Mexico-based, Latam-focused cryptocurrency exchange, has launched an initiative that aims to allow Argentines to use crypto for their everyday purchases. The exchange is introducing QR payments directly in its app, which will be interoperable with other platforms already using this method of payment in Argentina. Bitso Seeking to Drive Crypto Payments in Argentina …
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South Korea Seizes $184 Million in Crypto Assets From Alleged Tax Dodgers, Reports Reveal
The government in South Korea has seized cryptocurrency worth around $184 million in two years due to tax arrears, according to local media. The authorities in Seoul started confiscating virtual assets from people accused of tax evasion in 2021. Almost 260 Billion Won in Crypto Seized for Tax Evasion in South Korea The amount of …
Crypto Analytics Firm Says XRP Whales Are in Massive Accumulation Mode As the Top Altcoin Outperforms Bitcoin
XRP is outperforming Bitcoin (BTC) as the upward trajectory of the sixth-largest crypto asset continues, according to crypto analytics firm Santiment. The analytics firm says that the XRP/BTC pair has hit a price last reached in September of 2021 as crypto sharks and whales accumulate XRP. Santiment says that the surge in the price of …
NFTs bring in-game ownership to a new level, says Blokhaus founder
Nonfungible tokens (NFTs) have taken the gaming world by storm. Whether it’s through limited edition collectibles, avatar enhancement or play-to-earn incentivization, digital assets have given in-game ownership a new meaning. The ways in which NFTs are available to players are becoming increasingly tangible. In the case of Blockxer, the latest blockchain game from Blokhaus Inc., …
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Lucky Block V1 Value Deduction: LBLOCK V1 Breaks Above $0.0003500
LBLOCK: 24 of September Downward forces have acted upon LBLOCK V1 and have caused the crypto’s price movement to trade below $0.0003500. However, this narrative has changed, and the price may likely advance towards higher resistance. Therefore let’s take a closer look at this market in a bid to gain more insight. LBLOCK v1 Value …
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Cardano Appears Set to Retrace Higher Resistance, Tamadoge Goes Stronger
Cardano Price Activities seems to be eyeing the upside. Trading indicators in this market may be pointing to the fact that price movements are progressing undeterred towards higher levels. Cardano Analysis Statistics Data: ADA’s value now: $0.4510 ADA’s market cap: $15.62 billion Cardano’s moving supply: 32.24 billion The overall supply of Cardano: is 34.95 billion …
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Bitcoin was almost named Netcoin by Satoshi Nakamoto, hints domain data
Coming up with a good name is often one of the most challenging decisions one needs to make when launching a new service or business. Historical data of domain name purchases suggest that Satoshi Nakamoto, the creator of Bitcoin (BTC), had an alternate naming option in mind that did not make it to the whitepaper. …
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Bitcoin Price Prediction for Today September 24: BTC Price Risks Further Decline as It Turns Down from the $19K High
Bitcoin Fluctuates in a Tight Range as It Turns Down from the $19K High -September 24, 2022 On September 22, the BTC price rebounded above the $18,377 support but it turns down from the $19K high. Each upward correction is being terminated at the $20,000 resistance zone. Presently, Bitcoin is retracing after hitting the $20,000 …
Coinbase responds to WSJ in a blog post about a $100M trade
Coinbase and The Wall Street Journal use different meanings. Previously this year, the paper reported a claimed account of the technology platform exchange’s commercial transactions, which it claims amounts to proprietary exchange. Coinbase reacted inside a blog article, saying it had not done so. The WSJ reported on Thursday, citing company sources, that Coinbase executed …
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