Rumors of insider trading at OpenSea, the industry’s largest NFT marketplace, seem to be true, the company confirmed in a statement earlier today. The crypto community reacted strongly yesterday after it was revealed that a senior exec within the company used insider information to trade NFTs. And while the company didn’t identify the employee that …
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47% of South Africans own Bitcoin (BTC), holding $70 worth on average
As conversations regarding the use and purchase of digital assets in Africa continues to gain ground, details have emerged that about 47 percent of South African adults hold at least one form of cryptocurrency. South Africa’s are investing in BTC Per data from a recent finding conducted by the foremost market research and data specialist …
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Nigerian Currency Plunges to New Low of 570 — 10% of Value Lost in Under 30 Days
The Nigerian currency, the naira, plunged to a new all-time low of N570 for every dollar on September 16, 2021. This new exchange rate means since August 17, the naira has now lost about a tenth of its value on the foreign currency black market. Naira Overvalued In spite of this plunge, which has been …
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Avalanche Pulls Down $230 Million Investment Led by Polychain and Three Arrows Capital
Avalanche, a smart contract-enabled cryptocurrency, has received a $230 million investment from a group of VC companies. The funding round, which is being described as a private sale, was led by Polychain and Three Arrows Capital, with the participation of other companies. This investment will give these companies participation in on-chain Avalanche governance and exposure …
Vitalik Buterin Among Time’s 100 Most Influential People of 2021
Vitalik Buterin, a co-founder of Ethereum, the second-largest cryptocurrency by market cap, has made Time magazine’s list of the 100 most influential people of 2021. The programmer was listed as an innovator, and Time valued his ability to empower other creators with his continued support for Ethereum and all the things that its prime feature, …
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How to Recover a Lost Blockchain Wallet Password – KeychainX Expert Explains
sponsored There is no greater fear for cryptocurrency investors than one day forgetting the password to their blockchain wallets, seeing how their own money is right in their hands but still locked away forever from them. If this has happened to you, however, don’t lose hope. There are ways to recover a lost blockchain wallet …
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Creator of Fidenza NFTs calls out Solana copycat for stealing his algorithm
SolBlocks have announced the launch of a new collection of NFTs called SolBlocks Series I (Fidenza). The team added that they will be using the same algorithm script employed by the original Fidenza artist, Tyler Hobbs. “The main theme behind SolBlocks is to make the most iconic & attractive generative-art algorithms available on a wider …
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El Salvador: Bitcoin (BTC) protestors step up campaign of terror on Independence Day
It’s coming up to a week and a half since El Salvador passed the Bitcoin law, making it legal tender in the country. Throughout the process, sections of the population have voiced their discontent. But reports at the ground level suggest the situation was calming down following the law’s passing. However, on El Salvador’s independence …
DeFi comes to Cardano (ADA) as EMURGO announces ‘Astarter’
EMURGO, the official commercial arm of the Cardano blockchain protocol, formally announced today Astarter — a joint venture with China-based technology firm BlockChain4A — to facilitate collaboration between the two companies to build decentralized financial (DeFi) services infrastructure on Cardano. EMURGO, the official commercial arm of @Cardano, has teamed up with Shenzhen-based technology firm Blockchain …
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Model Suggests BTC Price Floor Is $39K, Survey Shows Hope for Year-End $100K Bitcoin Price
Bitcoin prices have been better after the second week of September, hovering around $46.5K to $48.5K per unit during the last two days. Meanwhile, bitcoin proponents still believe a significant second-leg up will be happening this year and a recent survey published by Plan B with 123,410 votes shows people believe bitcoin will reach $100K …
ECB President Christine Lagarde Insists Cryptos Are Not Currencies, Calls Them Highly Speculative, Suspicious
The president of the European Central Bank (ECB), Christine Lagarde, says cryptos are not currencies, adding that they are “highly speculative, suspicious occasionally, and high intensity in terms of energy consumption.” She also discussed the need for stablecoin regulation and central bank digital currencies (CBDCs). Lagarde: ‘Cryptos Are Not Currencies. Full Stop’ ECB President Christine …
US Lawmakers Propose to Subject Cryptocurrencies to Wash Sale Rule
A committee of the U.S. House of Representatives has proposed to subject cryptocurrencies to the “wash sale” rule. Since cryptocurrencies are treated as property by the Internal Revenue Service (IRS), they are currently not subject to the wash sale rule. This proposal attempts to close down a big crypto tax loophole. Crypto Included in New …
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Ripple (XRP) v SEC gets new twist after privileged’ documents blocked
The US Securities and Exchange Commission (SEC) recently filed a letter regarding the Court’s order to submit allegedly privileged documents requested by Ripple. In the letter, the SEC argued that all documents listed in the submission, which will be reviewed by Judge Sarah Netburn in camera, are protected by the deliberative process privilege (“DPP”). According …
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Successful Demo Day at Sanctor Turbo sees Solana, DeFi, and NFTs come under focus
Three projects graduated from Sanctor Turbo, a Y-Combinator style mentorship program for Web3 companies organized by Sanctor Capital on September 14, marking the completion of an intense six-week sprint that saw builders and investors iterate grandiose plans for the crypto-led future. It saw Koii Network introduce the world’s first ‘atomic NFTs,’ tokens that react to …
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Bitcoin Core 22.0 just released. Here’s all you should know
Released on Monday, Bitcoin Core version 22.0 is the 22nd major release of Bitcoin’s (BTC) original software client launched almost 13 years ago. The team overseen by the lead maintainer Wladimir van der Laan, took roughly eight months to bring the new update that launched on Monday to its fruition. The new version is the …
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