China’s Hainan Province Ramps Up Crackdown on Crypto Mining Operations
The province of Hainan in South China has taken steps aimed at curbing crypto mining activities. Besides blacklisting the industry, local authorities are also introducing higher electricity rates for the mining enterprises that continue to operate in the region....
ELF Token Raising $100,000 for Toys for Tots Foundation
ELF Token is looking to spread the Christmas cheer by aiding Toys for Tots to bring hope to many underprivileged children who have lost much during the pandemic. ABC 6/FOX, FOX 28 and the CW Columbus have entered into a partnership with Rock City Church to collect...
One more Bitcoin price dip? BTC may fall again before 'slow grind up,' warns analyst
Leverage may be gone but Bitcoin faces an uphill struggle and multiple potential resistance levels on the road back to all-time highs. Bitcoin (BTC) rebounded to near $50,000 on Dec. 5 as traders continued to take stock of recent events.BTC/USD 1-hour candle chart...
Convicted Silk Road Mastermind Releases NFT Collection
Ross Ulbricht’s NFT collection paints a melancholy but hopeful picture of a man who has had much time to reflect on his life’s significance while serving his no-parole prison sentence. Convicted Silk Road mastermind Ross Ulbricht is auctioning personal artworks as...
BIC’s Video News Show: Four Altcoins to Watch for December
In this episode of BeInCrypto’s Video News Show, host Jessica Walker presents our picks for December’s altcoins. We are back with our top altcoins series on the BeInCrypto channel and this could be one of the strongest groups yet. We’ve got Luna,...
Ross Ulbricht Genesis Collection NFT Auction Sees Millions of Dollars in Ethereum Bids
Two days ago on December 2, the Ross Ulbricht Genesis Collection auction of non-fungible token (NFT) assets kicked off at Art Basel Miami via the Superrare platform. The Ulbricht NFT collection auction ends on December 8, and so far the auction has seen a bid of 666...
It’s time for the philanthropic sector to embrace digital currencies
Such principles as decentralization and tokenization will enrich the nonprofit and charitable sectors via accepting donations in crypto. The amount of cryptocurrencies on the market has skyrocketed from 500 in 2014 to nearly 7,000 only seven years later in October...
OVR and the Results of the Token Burning Program’s First Month
OVR launched its new Token Burning Program on 1 November to make its own tokens more rare and valuable. The results of this first month of November saw a total of 246 thousand OVR burned. OVR and the Numbers From the Token Burning Program’s First Month...
Russia, Ukraine Shut Down Several Cryptocurrency Farms
Authorities in Russia and Ukraine have closed down a number of illegal crypto mining facilities allegedly powered by stolen electricity. The underground farms have been discovered around the capital cities, Kyiv and Moscow, as well as in the Russian republic of...
Bitmart hacked for $200M following Ethereum, Binance Smart Chain exploit
The hackers made away with a mix of over 20 tokens that includes altcoins such as BNB, Safemoon, BSC-USD and BPay. The $200 million Bitmart hack was first revealed by Peckshield, a blockchain security and data analytics company, who initially identified a transfer of...
Berkshire’s Charlie Munger Praises China for Banning Crypto — Wishes Crypto Had Never Been Invented
Berkshire Hathaway Vice Chairman Charlie Munger, Warren Buffett’s right-hand man, says China did the right thing to “ban” cryptocurrencies, including bitcoin. He wishes that cryptocurrencies had never been invented, emphasizing that he will not...
Jack Dorsey steps down from Twitter, MicroStrategy snaps up 7K BTC and Square rebrands to Block: Hodler’s Digest, Nov. 28-Dec. 4
Coming every Saturday, Hodlers Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more a week on Cointelegraph in one link.Top...
US SEC Charges Man With Defrauding Crypto Investors in Two Digital Asset Securities Offerings
The U.S. Securities and Exchange Commission (SEC) has charged a citizen of Latvia with defrauding investors in two crypto offerings. The fraudster “used fake names, fictitious entities, and fraudulent profiles to perpetrate his schemes, and misappropriated...
Bored Ape Yacht Club Artist Seneca Releases New Ethereum NFTs
All Seeing Seneca unveiled five new NFTs at Art Basel in Miami, and two of the pieces make winking reference to Bored Apes. Original Source: decrypt Bored Ape Yacht Club Artist Seneca Releases New Ethereum NFTs
Virtual Land Adjacent to Snoop Dogg’s Sandbox Estate Sells for $450K in Ethereum
The popular American rapper Snoop Dogg revealed at the end of September that he acquired land in the blockchain-based virtual metaverse The Sandbox and had plans to recreate his mansion. On December 2, The Sandbox held a “Snoopverse Land Sale,” which...
FTX to Seek $1.5B in New Funding Round at $32B Valuation: Report
FTX CEO Sam Bankman-Fried is looking to raise a total of $1.5 billion for the global cryptocurrency derivatives exchange and U.S. affiliate, FTX.US, The Information reported Friday, citing two unnamed sources “with knowledge of the matter.”The funding round would...
Things to know (and fear) about new IRS crypto tax reporting
The new law redefines "cash" to include "any digital representation of value" including cryptocurrency, but in an anonymous system, is this going to work? The Infrastructure Investment and Jobs Act (H.R. 3684) put crypto in the crosshairs, where Congress and the...
Bitcoin, Ethereum, Polkadot, Chainlink, Filecoin Hit Hardest in Market Wipeout
Uncertainty over the Omicron variant and the Fed’s plans are among the drivers of a brutal crypto market pullback. Original Source: decrypt Bitcoin, Ethereum, Polkadot, Chainlink, Filecoin Hit Hardest in Market Wipeout
Crypto Flash Crash Prompts El Salvador to Buy the Dip — 150 Bitcoins Added to Treasury
As the crypto market shed billions of dollars, El Salvador bought the dip, taking advantage of the falling price of bitcoin early Saturday morning. With the latest buy, El Salvador has purchased a total of 1,370 bitcoins altogether. According to Salvadoran president...
Justin Sun Spends $7M on Bitcoin to ‘Buy the Dip and Match’ El Salvador President
Justin Sun, the founder of crypto platform Tron, says he bought an additional 150 bitcoin as the market crashed on Dec. 4 “to match the CEO of El Salvador’s offer.” “I just bought the dip,” the 31-year-old crypto tycoon announced on...
Would You Trust a Cartoon Cat with Your Money?
Crypto investment firm eGirl Capital is staffed almost entirely by anonymous cartoon characters. You got a problem with that? Original Source: decrypt Would You Trust a Cartoon Cat with Your Money?
The Metaverse Land Grab Is Here—Should You Move In?
More than $100 million was spent on virtual land this week. The metaverse is coming, whether you want to go there or not. Original Source: decrypt The Metaverse Land Grab Is Here—Should You Move In?
FTX Releases Regulatory Proposal in Response to Hearing Convened By U.S. Congresswoman
Key executives are set to be in the hot-seat when Congresswoman Maxine Waters (D-CA) Chairman of the House Committee on Financial Services chairs a hearing entitled: Digital Assets and the Future of Finance: Understanding the Challenges and Benefits of Financial...
Gas Fee Gripes Aren't Exclusive to Ethereum
Ethereum has a gas fee problem. But while the fees are much smaller on rivals like Solana and Avalanche, they aren't immune to spikes either as they grow. Original Source: decrypt Gas Fee Gripes Aren't Exclusive to Ethereum
Crypto Economy Loses Billions in Market Downturn, Bitcoin Price Slips More Than 25% in 30 Days
A great number of cryptocurrencies dropped considerably in value during the early morning hours (after 12:00 a.m. EST) on December 4. At the time of writing, the crypto economy is down more than 16% and the price of bitcoin slid below the $50K zone to a low of $43,972...
Roman Coppola's Decentralized Pictures Is Shaking Up The Film Industry With Crypto
A new nonprofit with backing from the Coppola family aims to create a crypto-powered community of up-and-coming filmmakers. Original Source: decrypt Roman Coppola's Decentralized Pictures Is Shaking Up The Film Industry With Crypto
Gold, Bitcoin or DeFi: How can investors hedge against inflation?
Over the last 10 years, Bitcoin has been through 20 different bear markets. Is it finally starting to prove itself? Bitcoin (BTC) was created in the aftermath of the 2008 financial crisis and planned to solve the problems created by loose monetary policies. The...
MetaGods Raises $3M Investment to Develop Play-to-Earn 8-Bit Action RPG
PRESS RELEASE. MetaGods, the world’s first play-to-earn 8-bit action role-playing game built on the blockchain, has raised $3 million USD in funding from supporting investors. Numerous investors and partners have partnered with the initiative to combine...
Ethereum acts as a 'hedge' in Bitcoin price crash as ETH/BTC hits 3-year high
The second-largest cryptocurrency posts dwarfed losses compared to Bitcoin's 21% price decline Saturday. Ethereum's native token Ether (ETH) plunged alongside other cryptocurrencies on Dec. 4. Still, its move downside did not deter it from hitting a three-year high...
Goldman Looking Into Bitcoin-Backed Lending as Jobs Report Disappoints
This episode is sponsored by NYDIG.Download this episodeOn this edition of “The Breakdown Weekly Recap,” NLW covers:The latest jobs report and what it means for Fed policyComments from SEC Chair Gensler and a House crypto hearing next weekThe latest institutional...
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