Mining Ban Sparks Negative Reactions From Iran’s Crypto Community
The recently reintroduced seasonal ban on cryptocurrency mining has provoked backlash from the local crypto community. This week, the country’s power distribution company ordered miners to suspend activities citing electricity shortages during the hot summer...
FilmCoin: First Film To Be Fully Funded By Crypto Goes Into Production
FilmCoin is a new token that aims to let movie fans help fund the movies they want to see. They can also put themselves forward for roles in making films. Are you bored of mainstream Hollywood movies? Bored of seeing the same Hollywood stars in every movie? Bored of...
ANZ's stablecoin used to buy tokenized carbon credits
The latest A$DC transaction saw ANZ’s institutional partner Victor Smorgon use A$DC to purchase Australian Carbon Credit Units from blockchain-based carbon trading platform BetaCarbon. ANZ’s stablecoin A$DC has been used to buy Australian tokenized carbon credits,...
Harmony offers $1M bounty, but is it big enough?
The Harmony team says it will offer $1 million to the hacker who exploited the Horizon Bridge for $100 million, but that may not be enough to get the funds back. The Harmony layer-1 blockchain project team has offered a bounty equal to just 1% of the $100 million in...
Anonymous vows to bring Do Kwon’s ‘crimes’ to light
“There is no doubt that there are many more crimes to be discovered in your trail of destruction,” hacktivist group Anonymous said on its YouTube channel. Hacktivist group Anonymous has pledged to “make sure” Terra co-founder Do Kwon is “brought to justice as soon as...
Mark Zuckerberg Expects Billions of People to Use the Metaverse Generating Massive Revenue for Meta
Mark Zuckerberg, CEO of Meta, formerly Facebook, has shared how the metaverse will be a key part of his business and bring hundreds of billions of dollars in revenue. “Our playbook over time has been build services, try to serve as many people as...
Privacy: How to Protect Your Kids in the Web3 Era
Privacy in the Web3 era is a foreign concept to nearly all of us. Here are the next steps, according to Colin Pape, founder of Presearch. The metaverse already has its first denizens: our children. For them, the digital realm holds as much significance as the...
Islamic Coin Gets Fatwa From Muslim Scholars, Launches Private Sale
Islamic Coin (ISLM) is a Shariah-compliant digital currency. The coin has just got itself a Fatwa, from Muslim authorities. Translated from Arabic, a Fatwa is an “opinion.” It is usually given in response to questions raised by people, businesses or Islamic courts....
SEC Chair Gensler Proposes ‘One Rule Book’ Crypto Regulation
The chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, has reportedly proposed “one rule book” for the regulation of crypto assets. “If this industry is going to take any path forward, it will build some better trust in...
First Mover Asia: Bitcoin Holds Above $21K in Weekend Trading; Solana Web3 Phone Faces Long Odds
Prior blockchain phones have failed because the market have realized their functionalities are available already via apps that can be loaded onto any old phone; ether stays above $1,200. Original Source: coindesk First Mover Asia: Bitcoin Holds Above K in Weekend...
Crypto conspiracy theories abound, but prop traders are just doing its job
FTX founder Sam Bankman-Fried and Alameda Ventures made recent headlines for bailing out a handful of CeFi crypto platforms this week, but what exactly do market makers do? Alameda Research is a cryptocurrency trading firm and liquidity provider founded by crypto...
ApeCoin Gains 22% After Debut of Bored Ape-Themed Video With Eminem and Snoop Dogg
The bump signifies a minor recovery for the token, which recently shed over 65% of its value in a single month. Original Source: decrypt ApeCoin Gains 22% After Debut of Bored Ape-Themed Video With Eminem and Snoop Dogg
Top 5 cryptocurrencies to watch this week: BTC, UNI, XLM, THETA, HNT
Although Bitcoin is struggling to form a bottom, altcoins are on a roll and the current price action could benefit UNI, XLM, THETA and HNT. The United States equities markets witnessed a sharp comeback last week, led by the Nasdaq Composite which gained 7.5%. The...
Harmony’s $100M Hack Was Due to a Compromised Multi-Sig Scheme, Says Analyst
On June 23, 2022, the Harmony development team announced that $100 million was siphoned from the Horizon bridge, and the organization explained it was working with national authorities and forensic specialists. According to an account published Polygon’s chief...
Harmony Offers $1M Bounty After Discovering $100M Altcoin Hack
Hackers stole WETH, AAVE, SUSHI, DAI, USDT and USDC, and then swapped them for ETH. Original Source: decrypt Harmony Offers M Bounty After Discovering 0M Altcoin Hack
This Week on Crypto Twitter: Pussy Riot vs. UkraineDAO and SBF Bails Out BlockFi
Meanwhile, Ethereum co-creator Vitalik Buterin once again criticized the stock-to-flow pricing model for Bitcoin, calling it "harmful." Original Source: decrypt This Week on Crypto Twitter: Pussy Riot vs. UkraineDAO and SBF Bails Out BlockFi
Crypto Firm Voyager Digital Secures a $500M Line of Credit From Alameda Ventures to Cope With 3AC Exposure
Three days ago, Bitcoin.com News reported on the publicly listed company Voyager Digital after the crypto firm announced that it was owed $655 million worth of digital assets. Now according to a press release from Voyager, the company has secured funds from Alameda...
BTC price tops 10-day highs as Bitcoin whale demand sees 'huge spike'
Dip-buying appears to be in full swing among whales, new data shows, but analysts remain wary on the outlook for the short term. Bitcoin (BTC) made the most of weekend volatility on June 26 as a squeeze saw BTC/USD reach its highest in over a week.BTC/USD 1-hour...
Opaque Platforms and Intertwined Protocols Pose Big Risk to Crypto
Second article in a series about risks we’re thinking about during these crypto down days. Original Source: coindesk Opaque Platforms and Intertwined Protocols Pose Big Risk to Crypto
Bitcoin Miner Sell-Offs Could Keep Prices Low, Says JP Morgan
Strategists at JPMorgan Chase & Co. believe the current Bitcoin sell-off by miners could make it difficult for the price of the asset to bounce back, especially if the trend continues. In a note released yesterday, they pointed out that publicly listed...
How low can Ethereum price drop versus Bitcoin amid the DeFi contagion?
Interestingly, Ethereum has not reclaimed its all-time high against Bitcoin since June 2017 despite the NFT craze. Ethereum's native token Ether (ETH) has declined by more than 35% against Bitcoin (BTC) since December 2021 with a potential to decline further in the...
Iran Aims to Roll Out Pilot Version of Crypto Rial Within 2 Months
The government in Tehran is taking steps in preparation of the launch of Iran’s new digital currency, referred to as the crypto rial. The monetary authority of the Islamic Republic hopes to initiate the pilot phase of the project within the next two months....
6 Questions for Daniel Yan of Matrixport
We ask the buidlers in the blockchain and cryptocurrency sector for their thoughts on the industry… and throw in a few random zingers to keep them on their toes! This week, our 6 Questions go to Daniel Yan, founding partner and chief operating officer at Matrixport a...
A Tale of Two Ethereum NFT Parties: Doodles vs. Goblintown
Forget it, Jake. It's Goblintown. Original Source: decrypt A Tale of Two Ethereum NFT Parties: Doodles vs. Goblintown
Bitcoin Energy Consumption Declines as Miners Grapple With Falling Revenue
Bitcoin mining is no longer consuming as much energy as before, according to a Cambridge Bitcoin Electricity Consumption Index report, which shows a 25% decline in energy use since the start of the month. Per the index, the current energy consumption of Bitcoin...
Coinbase to Offer Nano Bitcoin Futures Contracts via Third Party Brokerages
Coinbase will list a derivatives product called the nano futures contract on Monday. This will be the first product listed on the Coinbase Derivatives Exchange, offering investors the opportunity to buy a contract linked to the price of one-hundredth of a bitcoin....
Ruble Hits 7-Year High, Bukele, O’Leary Unfazed by Crypto Downturn, Elon Musk Will Keep Buying DOGE — Bitcoin.com News Week in Review
As sanctioned Russia’s fiat currency soars in value against the U.S. dollar, and crypto markets remain unpredictable, economists and crypto enthusiasts continue to puzzle and debate over what the next market move will be. In spite of this, several influential...
Crypto Sleuth Warns That Justin Sun’s USDD Is Following Path of Terra’s UST
Self-proclaimed Internet detective, Cofeezilla has said Justin Sun’s new algorithmic stablecoin, USDD, is towing the path of becoming the next LUNA/UST. In a Twitter thread and YouTube video, he said that the USDD stablecoin, which currently has a...
Can Move-to-Earn NFT Game Stepn Avoid the Pitfalls of Axie Infinity?
It’s important to recognize Stepn’s pioneering role in the emerging move-to-earn field, just as it’s important the company keeps adapting. Original Source: decrypt Can Move-to-Earn NFT Game Stepn Avoid the Pitfalls of Axie Infinity?
CBDC Ensures Nigeria Remains Competitive in Increasingly Digital World — Central Bank Governor
The governor of the Central Bank of Nigeria (CBN) has insisted the recently introduced e-naira digital currency can potentially boost trade and investment activities in the country. He added the digital currency “would be necessary in the future to ensure...
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