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Showing posts from April 3, 2021

MLB Team Washington Nationals Partners With Terra Blockchain Community, Ballpark Plans to Accept UST

On February 9, the American professional baseball team based in Washington, D.C., the Washington Nationals, announced the team has partnered with Terra, the open-source blockchain platform and decentralized autonomous organization (DAO). The Washington Nationals detail that the team is a “leading innovator” and is “consistently introducing new technologies to enhance the fan experience.” Washington Nationals Ink Long-Term Deal With Terra Major League Baseball (MLB) team the Washington Nationals has partnered with the blockchain platform and DAO Terra, according to an announcement published by the team on Wednesday. The deal with Terra follows a slew of sports-related deals with crypto firms, but the MLB team will be the first to partner with an open-source blockchain project. In addition to the partnership, the algorithmic stablecoin UST that’s issued on the Terra blockchain will be “accepted as a payment method at Nationals Park as early as next season.” “The Nationals continue t...
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Xend Is Listing on AscendEX

PRESS RELEASE. AscendEX , formerly BitMax, an industry-leading digital asset trading platform built by Wall Street quant trading veterans, has announced the listing of the Xend Token (XEND) under the pair USDT/XEND on Apr 2 at 1:00 p.m. UTC. Xend Finance is a DeFi platform for cooperatives and credit unions that offers multiple levels of interest by optimizing and aggregating different DeFi lending protocols to provide high, stable currency yields and token rewards to the financially underserved. The Xend Finance protocol is designed to decentralize the savings, lending, borrowing and investment operations of credit unions and collectives while providing multi-level interest returns to members of these unions. Xend Finance is a unique project targeting non-crypto savvy and financially underserved users in different regions of the world. Xend Finance is part of the Xend ecosystem, which has over 55,000 users currently. The ecosystem consists of the Xend application for sending an...
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Ether Hashrate Climbs to New Heights, Reports Say a 2,000 Megahash ETH Miner Set to Drop This Summer

In December 2020, the mining rig manufacturer Innosilicon released a new ethereum miner called the Innosilicon A10 Pro+, which processes Ethereum-based hashrate at around 750 megahash per second (MH/s). Regional reports have noted Innosilicon is dropping a new ether mining rig this summer that processes speeds of up to 2,000 MH/s. Additionally, during the course of the last few months, the Ethereum network hashrate has continued to climb relentlessly. Ethereum Hashrate Ramps Up While ethereum (ETH) prices have touched new all-time highs (ATH) in 2021, miners on the network are pulling in hefty profits. Moreover, miners have limited time on their hands as ETH will eventually transition to a proof-of-stake (PoS) structured system. Despite the time running out, miners are pointing a lot of hashrate at the ETH blockchain as 0.490883 petahash per second (PH/s) is directed at the network. The mining rig manufacturer Innosilicon makes the two most profitable ETH mining rigs accordin...
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Non-Fungible Token Sales Begin to Dive, NFT Interest Declines, Finance Author Highlights NFT Oversupply

Non-fungible token (NFT) assets and collectibles are starting to see sales decline and interest in NFTs is dropping as well. Additionally, it’s being said that an “oversupply of NFTs” may hurt the market, according to James Surowiecki the author of “The Wisdom of Crowds.” In 2021, non-fungible tokens have been all the rage and the industry has grown very popular during the last few months. Throughout March 7 through the 13th, 2021, the term “NFT” searched on Google in the U.S. touched an all-time high reaching 100 on Google Trends (GT). Since then, queries for NFTs have slid in the United States to 92 the week after and 95 during the last week, according to today’s GT data . Worldwide queries for the term “NFT” on Google went from a score of 100 to 95 . The biggest subregion in the world searching for “NFT” on Google stems from China. Uganda, Canada, Singapore, and the U.S. follow respectively. Nonfungible.com data for 30-day stats on April 3, 2021. The entire term “non-fungi...
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‘Silent crash’ as price floors collapse across NFT space

Prices are plummeting, and some holders might not even know it If prices plummet in an illiquid market, how soon before anyone notices? While fungible tokens traded on centralized and decentralized exchanges have significant transparency regarding price movements, nonfungible tokens can be harder to track. Because of their illiquid nature, gauging the sentiment of the overall market market for a project can be difficult — a dynamic that has led one eGirl Capital member , Mewny, to dub NFT corrections ‘silent crashes.’ i really like @mewn21 phrasing of NFT crash as a "silent crash" why? in liquid markets, you can see prices going down every day. in NFT-land, sellers have slower "market reaction". instead of sellers adjusting prices downwards everyday for a month, it may just -80% "overnight" — tuba (@0xtuba) March 26, 2021 In a silent crash, speculators might not even be aware that one is underway — buyers simply evaporate and sellers fail to m...
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Bitcoin Bounty Referenced on an Episode of Marvel’s ‘The Falcon and the Winter Soldier’

The leading digital asset bitcoin was mentioned on the action drama television show “The Falcon and the Winter Soldier.” The reference to bitcoin was caught by a Redditor while he was watching the most recent episode. It’s not the first time bitcoin has been mentioned on television and surely won’t be the last. The Falcon and the Winter Soldier and the 1K Bitcoin Bounty On Friday, a member of the Reddit forum r/bitcoin posted a screenshot of a message inside the TV show “The Falcon and the Winter Soldier.” The show stems from the Marvel Cinematic Universe and is streamed on the Disney+ platform. The picture the Redditor shared was for a BTC bounty and it said: “Selby dead. ₿1K BOUNTY for her killers.” Screenshot taken by Reddit user u/Okitraz1986 and the bitcoin reference was mentioned on “The Falcon and the Winter Soldier” episode three called the “Power Broker.” Bitcoin.com readers can check out the reference in episode three dubbed the “Power Broker.” At the time of publica...
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Blockchain-based renewable energy marketplaces gain traction in 2021

Blockchain projects focused on optimizing the energy sector are gaining traction as greater emphasis is placed on conservation and efficiency. Concerns about energy production, resource consumption and its impact on the environment are one of the dominant topics of debate on the global stage. The intensive energy costs of mining Bitcoin and other proof-of-work cryptocurrencies are also frequently pointed to as a serious downside to the emerging asset class.  While environmental concerns and the cost to reward debate rages on, there is one group of cryptocurrency projects that has the goal of bringing blockchain technology to the global energy grids as a way to encourage renewable energy generation through a flexible marketplace that connects energy buyers and sellers. EWT/USDT vs. POWR/USD vs. WPR/USD 1-day chart. Source: TradingView Three energy-focused projects that have seen triple-digit gains since the beginning of 2021 are Energy Web Token (EWT), Power Ledger (POWR) an...
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Hip-Hop Star Snoop Dogg Says Bitcoin ‘Here to Stay’— Lauds NFTs for Creating Direct Connection Between Artists and Fans

Pioneering hip-hop artist and businessman, Snoop Dogg has said he believes in bitcoin, the (blockchain) technology behind the crypto asset and the global connection it creates. The celebrity adds that while he’s not “too caught up in the value of the coin,” he has been around long enough to “know it’s here to stay.” Not a Pandemic Fad Speaking in an interview with Vanity Fair, Snoop Dogg, whose real name is Calvin Cordozar Broadus Jr, also talks up the potential of the technology and why the popularity of BTC should not be seen as a passing fad. He said: The future is unfolding right before us. I don’t see it as a pandemic fad, the pandemic just put gas on the fire. Meanwhile, when asked if there is going to be a “Snoopcoin” at some point, the hip-hop artist told the interviewer “you’re damn right.” Making the Case for NFTs In the meantime, Snoop Dogg also discussed non-fungible token (NFT) assets and how this is set to be “the next big thing.” According to Snoop Dogg...
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Half a billion people just had their Facebook data leaked

Leaked information includes phone number, Facebook ID, full name, location, past locations, birthdate, email address, relationship status, and bio. According to a security analyst, sensitive personal information for over half a billion Facebook users was leaked on a well-trafficked hacking forum earlier today — a potential risk to millions of cryptocurrency traders and hodlers who now may be vulnerable to sim swapping and other identity-based attacks.  The trove of information was first discovered by Alon Gal, CTO of security firm Hudson Rock, who posted on Twitter about the leak earlier today: All 533,000,000 Facebook records were just leaked for free. This means that if you have a Facebook account, it is extremely likely the phone number used for the account was leaked. I have yet to see Facebook acknowledging this absolute negligence of your data. https://t.co/ysGCPZm5U3 pic.twitter.com/nM0Fu4GDY8 — Alon Gal (Under the Breach) (@UnderTheBreach) April 3, 2021 Accordi...
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ETH smashes records, Bitcoin’s brilliant quarter, PayPal’s big move: Hodler’s Digest, March 28–April 3

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 Stories This Week ETH breaks record all-time high amid fresh price surge Ether? Record high! Binance Coin? Record high! Polkadot? Record high! Bitcoin? Flat as a pancake! Altcoins have been in the drivers seat this week, with Ether breaking $2,100 for the very first time besting the ATH of $2,036 that was set on Feb. 20. Curiously, several coins belonging to so-called Ethereum killer blockchains have been thriving, too. ETHs price broke out against Bitcoin for the first time in 23 days on Thursday, not long after credit card giant Visa announced it was piloting a program that will allow its partners to use Ethereums blockchain to settle transactions made in fiat. Traders have now become exceedingly bu...
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Return of the oracles: Band Protocol, API3 and DIA price soar to new highs

Oracle tokens gain traction as cross-chain interoperability and new developments in the DeFi sector lure investors away from Bitcoin and NFTs. Nonfungible tokens (NFTs) have been the talk of the town over the past few months, but as the start of the second quarter gets underway for the global financial markets, it possible that traders may start looking for opportunities in other parts of the crypto market. Oracle projects are one sub-sector that has been making moves over the past few weeks as some traders shift their focus away from NFTs. BAND/USDT vs. API3/USDT vs. DIA/USDT 1-day chart. Source: TradingView As shown above, Band Protocol (BAND), API3 and DIA are three oracle projects that have entered sharp rallies over the past week. BAND/USDT Band Protocol is a cross-chain data oracle platform that operates on the Cosmos (ATOM) network. The protocol aggregates real-world data and APIs and supplies the data to on-chain applications and smart contracts in order to facilitate...
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NFTs 'ten times better' than traditional art, says Beeple's $69M NFT buyer

Winner of landmark auction breaks down his investment thesis on NFTs. Nonfungible tokens are “ten times better than their physical counterparts”, according to digital art collector MetaKovan. The pseudonymous art patron, who was recently revealed to be blockchain entrepreneur Vingaresh Sundaresan, bought the NFT of Beeple’s “EVERYDAYS: THE FIRST 5000 DAYS” for $69 million dollars earlier this year. Explaining the motives behind his purchase in an exclusive interview with Cointelegraph, MetaKovan pointed out that NFTs have a number of advantages over traditional artworks: they are easy to transfer, they don’t have any storage costs, and their ownership can be shared. Also, they can democratize the art world by making it more easily accessible to digital artists all over the world, regardless of their nationality and social background. MetaKovan even said that NFTs will bring crypto into the mainstream.  "A lot of people are going to get introduced to crypto by NFTs", he...
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Employment Search Websites Show a Vast Amount of Jobs in the Bitcoin and Blockchain Industry

As the crypto economy has swelled to close to $2 trillion in value globally, the businesses and operations behind it continue to expand. This means that a great number of companies are hiring and a quick look at popular online directories shows there’s a slew of jobs available. Bitcoin and Blockchain Employment Opportunities The aftermath of the coronavirus and the lockdowns caused a number of individuals to lose their employment. However, many of these people might not know that the crypto industry is bustling with jobs and the number of companies hiring can be staggering. For instance, a monster.com query shows there are 1,970 jobs available under the search term “bitcoin.” The number of employment opportunities increases to 2,989 jobs if the individual uses the term “blockchain.” You might not know about it, but the cryptocurrency and blockchain industry is hiring thousands of people to fill certain roles. The jobs posted to Monster.com’s indicate that employers are looking...
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Shopify CEO muses integrating e-commerce giant into DeFi ecosystem

Shopify's CEO seems to have caught the crypto bug, and it could be a boon for adoption. Crypto’s march towards mainstream adoption takes another significant step forward as the CEO of an e-commerce giant is publicly pondering how to integrate his company with the decentralized finance (DeFi) ecosystem. On Friday night, Shopify CEO Tobi Lutke posted a Twitter message asking the DeFi community what “role” Shopify could play in the growing financial vertical: Hey #DeFi Twitter. What are the commerce related opportunities that you are most excited about? What role do you want Shopify to play? — Tobi Lutke (@tobi) April 2, 2021 The inquiry drew hundreds of responses, including from multiple DeFi power players. Nansen’s Alex Svanevik mentioned stablecoin payments as well as using DeFi protocols to allow cash in Shopify accounts to earn yield, and likewise ConsenSys’ Corbin Page pointed to a hackathon project that deposited payments directly into yield-bearing protocols.  More...
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6 Questions for Wes Levitt of Theta Labs

We ask the buidlers in the blockchain and cryptocurrency sector for their thoughts on the industry… and we throw in a few random zingers to keep them on their toes!   This week, our 6 Questions go to Wes Levitt, head of strategy at Theta Labs. At Theta Labs, Wes works on corporate strategy, marketing and press relations, and analytics. He has been a speaker on blockchain topics at conferences including the New York Media Festival, Blockchain Connect and NAB Streaming Summit, among others. Prior to joining Theta Labs, Wes spent eight years in investment roles at Mosser Capital, a real estate private equity firm; and Redwood Trust, a mortgage real estate investment trust focused on securitized debt. Wes is a CFA charterholder and holds a BS in economics from the University of Oregon and an MBA from the Haas School of Business at the University of California, Berkeley. 1 If the world is getting a new currency, will it be led by central bank digital currencies, a permissionless ...
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