Summary: Bitcoin miners based in China now control 21.1% of BTC’s hashrate. China is now ranked second in Bitcoin’s hashrate, hinting at the existence of covert mining facilities. This is despite China’s government reiterating in May 2021 its ban on Bitcoin mining and crypto trading. Due to the ban, the dominance of Bitcoin miners based …
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Quick take: Earvin Magic Johnson is set to release his very first NFTs in partnership with NBA Top Spot. The NFTs with be in the form of an Anthology set reserved for iconic plays from NBA legends. Magic Johnson’s NFTs will be available on June 7th and contain rare and spectacular moments of his career. …
The total crypto market cap regained some ground over the past few days and now sits around $1.37 trillion Bitcoin shows some sideways movement as traders debate over the possible bottom Ethereum trades just under $2100 as The Merge approaches Rich Dad, Poor Dad Author remains bullish on Bitcoin After a bloodbath in the cryptocurrency …
Continue reading “Crypto Markets Lull After Massive Crash, Bitcoin Hovers Around $30,000”
Japanese bank Sumitomo Mitsui Trust will provide digital asset custody services for institutional investors. The venture is being carried out with Bitbank, which will own 85% of the venture. Institutional investors are interested in crypto, but want safeguards and good infrastructure. Japanese bank Sumitomo Mitsui Trust has announced that it will offer digital asset custody …
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It’s an Ethereum wallet similar to MetaMask The wallet supports NFTs on GameStop’s beta marketplace powered by Loopring User can also store their preferred cryptocurrencies The wallet is available as a browser extension on the Chrome Web Store GameStop previously partnered with Immutable X The pair announced a $100 million fund in IMX tokens for …
Popular digital artist Beeple’s Twitter account was recently hacked The hackers managed to steal $400,000 worth of crypto funds by posting dubious phishing links via Beeple’s Twitter account Famous NFT artist Mike Winkelman, popularly known as Beeple’s Twitter account was recently hacked, resulting in users losing funds worth $70,000. Beeple’s Twitter account was hacked and …
Customers in the United States can pay for items using crypto Bitcoin and Ethereum are the primary options for now Balenciaga plans to add more cryptocurrencies as time goes on Other Fashion industry stakeholders like Gucci and Tag Heuer also recently announced support for Crypto payments Avant-garde fashion behemoth Balenciaga is set to expand the …
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Summary: In a recent AMA, Binance CEO was asked whether he would consider taking over from Do Kwon at LUNA and bailing out UST. CZ responded by stating he was humbled by the request, but such a scenario was unlikely given that he is ‘pretty busy already.’ CZ also clarified that the exact details of …
Summary: Malicious actors have been purchasing LUNA and posting fake proposals on Terra Station with phishing sites. Terra has also witnessed an increment in spam proposals as the ‘cheapness’ of LUNA makes it economically easier. The team at Terra has now added an allowlist for new proposals in the ecosystem. The Terra community continues to …
Quick take: European Central Bank President, Christine Lagarde, has said cryptocurrencies are worth nothing and based on nothing. She added that cryptocurrencies do not have an underlying asset to act as an anchor of safety. ECB President Lagarde said that a digital Euro would be a better store of value than cryptocurrencies. The EU Commission …
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Quick take: MicroStrategy’s new Chief Financial Officer, Andrew Kang, has reiterated that the company will stick to its Bitcoin plan by not selling any BTC. Mr. Kang also adds that MicroStrategy investors are also aligned with the company’s Bitcoin strategy. MicroStrategy’s new CFO also forecasts possible regulation due to the recent volatility of the crypto …
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Summary: CZ has debunked a Wall Street Journal article that suggested Binance employees had participated in insider trading of Gnosis last August. He stated that Binance has a zero-tolerance policy on insider trading and holds itself to the highest standards. CZ also asked anyone who notices anything suspicious regarding trading on the exchange to send …
Summary: Mike Novogratz has warned the crypto community against picking price bottoms as it is dangerous. He also pointed out that most altcoins are down by over 80% from their highs, and the losses in the 2018 bear market were over 95%. Consequently, altcoins will likely drop by another 70% from their current levels. Robert …
Summary: The Electric Coin Company has initiated research on a possible transition of ZCash from a proof-of-work mechanism to a proof-of-stake. The research will focus on shielded wallet UX and security, cross-chain interoperability, proof-of-stake security, issuance rate, on-chain governance, and reducing the protocol’s complexity. The rationale behind exploring ZCash’s possible switch to a PoS is …
Summary: The Brazilian Crypto Exchange of Nox Bitcoin has announced that it will refund all UST Holders’ losses with USDT. Nox Bitcoin has set aside BRL 620,000 or approximately $127k for the refunds. Additionally, during the UST depegging, OKX was the only crypto-exchange to notify its users of the potential risks of the stablecoin collapse. …
