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Showing posts from April 28, 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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Your future at stake: Uni of Wyoming allocates $4M to staking three coins

The University of Wyoming is embracing cryptocurrency staking as an innovative way to raise revenue. The University of Wyoming is allocating $4 million to running nodes and staking at least three cryptocurrencies. The news was shared to Twitter on April 28 by Caitlin Long, a Wyoming Blockchain and Fintech Select Committee appointee and founder of Avanti Bank & Trust — a local bank servicing the digital asset sector. NEWS NOT REPORTED YET: State of #Wyoming appropriated $4m for nodes/staking in at least 3 cryptocurrencies, run by Univ of Wyoming. This kickstarts program where gains from this pool, if matched by private donations, go to fund UWyo! @rothfuss https://t.co/LDul3iGtS4 pic.twitter.com/KxFVm5YhLp — Caitlin Long (@CaitlinLong_) April 28, 2021 The documentation posted by Long notes the University appropriated $4 million from the state’s strategic investments and projects fund to establish, operate, and maintain “nodes and staking pools for no less than three pub...
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Five proposed crypto class actions over unregistered securities dismissed in NY

Quantstamp, Status Research, Civic Technologies, HDR Global Trading and Kaydex are off the hook, after five securities related lawsuits were dismissed in New York Courts earlier this week. Five proposed class-action lawsuits against crypto firms have been voluntarily dismissed without prejudice in New York federal courts — without costs or attorney fees to any party. Quantstamp , Status Research , Civic Technologies , HDR Global Trading , and Kaydex are off the hook, however related cases are ongoing. The five class-action lawsuits dismissed on April 27 are part of a batch of 11 filed by Law firms Selendy & Gay PLLCRoche Freedman a year earlier. The lawsuits accused several crypto firms of causing investor harm by selling digital assets that were allegedly unlicensed securities without brokerage licensing , misleading investors, and engaging in market manipulation. However the plaintiffs were unable to provide strong evidence of damages caused to investors from the alleged s...
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Gate.io Celebrates 8th Anniversary – a New Era for Crypto-Asset Trading

Leading cryptocurrency exchange Gate.io was established back in 2013 and is now celebrating its eighth anniversary. This is an impressive milestone in the ever changing crypto landscape, but the company isn’t resting on its laurels. Gate.io keeps taking the initiative to innovate and offer many new services for traders of digital assets and DeFi startups. A Veteran Crypto Exchange You Can Trust In a world where so many new services pop-up every day, Gate.io marking 8 years of operation is a major sign of durability and commitment. While other platforms collapsed or just disappeared overnight, Gate.io endured for so long and always focused on offering a safe, secure and reliable service to its users. This has brought it a loyal fan base that stuck with it over the years, and the respect of being able to call themselves veterans in the field. Gate.io, as one of the world’s long-lasting trading platforms with the largest transaction volume, deeply understands the importance of blockc...
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Intel Partners With Microsoft to Combat Cryptojacking Attacks by Deploying a Threat Detection Tool

Although recent studies have been showing a slowdown in cryptojacking activities, especially the ones related to mining privacy coins, Intel remains on the hunt to crackdown on such activities. The tech giant has partnered with Microsoft to deploy a campaign that strengthens cryptojacking detection with new technologies. Tool Could Trigger Multiple Detectors to Halt Any Cryptojacking Threat According to the announcement , Microsoft Defender for Endpoint integrated a threat detection tool – known as Intel Threat Detection Technology (Intel TDT) – designed by Intel to launch an endpoint detection of cryptojacking threats before it hits a system. The technology can activate central processing unit (CPU) based cryptomining machine learning detection without compromising users’ computers whatsoever, said the companies in a joint announcement. Frank Dickson, program vice president of Security and Trust at International Data Corporation (IDC), gave his thoughts on the detection tool: T...
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Yearn Finance made almost as much as in March as it did in 2020

Fees from yVaults were the biggest contributors to Yearn’s revenue. Decentralized finance yield aggregator Yearn has released its financial report for the first quarter revealing some impressive earnings for the period. According to the Yearn Finance quarterly report, published on GitHub on April 27, the platform had earnings of $4.88 million for the quarter. Declaring that these were earnings before interest, taxes, depreciation, and amortization, or EBITDA, Yearn Finance has made more in the first three months of 2021 than it did in its six operational months in 2020, which totaled $3.7 million. Earnings for March alone totaled $3.16 million which alone was almost as much as its operational six months for the previous year. Not every month broke records, however, and in January and February this year, the DeFi protocol earned $528K and $1.19 million respectively. The report stated that the yVault product line is the leading revenue generator and remains critical to Yearn’s cor...
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Ransomware task force calls for aggressive Bitcoin transaction tracing measures

The task force has proposed new rules that would facilitate aggressive cryptocurrency tracing and tighter licensing requirements for businesses handling digital assets. Government and industry have teamed up to fight a major increase in ransomware, with a newly formed ransomware task force calling for new measures to more aggressively trace Bitcoin and crypto capital flows. The task force includes law enforcement including FBI and U.S. Secret Service agents working alongside representatives of leading security and tech firms. According to an April 29 report from Reuters citing anonymous sources from the Department of Justice’s task force, the group is calling for new guidelines designed to cut through the anonymity of digital asset transfers that will soon be reviewed by Congress. The proposed measures includes tightened KYC requirements for crypto asset exchanges, expanded licensing requirements for entities operating with cryptocurrencies, and extending anti-money laundering la...
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Alchemy raises $80M to power the NFT boom as the 'AWS of blockchain'

Alchemy is the platform behind NFT marketplaces OpenSea, Nifty, and many major collections. Blockchain developer Alchemy has announced that it has raised $80 million in a Series B round to further develop platforms that power non-fungible token marketplaces. The funding round, announced on Wednesday, April 28, was led by technology-focused investment manager Coatue, and Addition Capital, a venture fund from American investor Lee Fixel. Also participating in the round was the Glazer family, who own the Tampa Bay Buccaneers and Manchester United, and VC firm DFJ Growth which has also invested in Coinbase, SpaceX, and Stripe. The band The Chainsmokers, and actor Jared Leto also contributed to the funding round which brings Alchemy’s valuation to $500 million. Existing backers include Pantera Capital, Coinbase, Samsung, Stanford University, and a number of high-profile individuals such as Charles Schwab, and Yahoo co-founder Jerry Yang. According to CNBC , Alchemy has benefited from ...
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Genesis spot volume up 287% in Q1, corporate treasury service takes off

Genesis Global Trading released its Q1 report on April 28, with corporates leading trading volumes, accounting for $8 billion in spot trading alone. Leading full-service cryptocurrency prime broker Genesis Global Trading has seen spot trading treble in the first quarter. Corporate interest accounted for the biggest slice of trading, with Genesis attributing part of its success to its Bitcoin treasury product “Genesis Treasury”. The Q1 report released on April 28 revealed the firm had processed $31.5 billion in spot trading volume — a 287% increase from $8 billion in Q4 2020. It also saw $10.5 billion in derivatives trading. Corporates accounted for $8 billion of the total spot trading volume, an increase of 25% from the previous quarter. The growth of corporate trading to account for the largest share was a significant shift from the passive funds and hedge funds that formerly dominated trading in Q4. “Much of this surge was attributable to a mix of clients taking positions in ...
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Alleged $366M Bitcoin mixer busted after analysis of 10 years of blockchain data

A Swedish-Russian citizen has been charged with operating a multi-million Bitcoin laundering service after authorities traced his crypto transactions from 2011. U.S. authorities have arrested the alleged mastermind behind a multi-million darknet-based BTC mixing service, Bitcoin Fog, after analyzing 10 years of blockchain data. Authorities have issued a chilling warning to other users of illegal blockchain services: Anything you do today may come back to haunt you as “this activity is on this ledger forever” and ever-more sophisticated analytics technology can track down crimes committed years earlier. For approximately a decade, Bitcoin Fog has enabled users to conceal the origin and destination of its users’ crypto assets. However, the Internal Revenue Service is charging Russian-Swedish citizen, Roman Sterlingov, with laundering more than 1.2 million Bitcoin worth $336 million while serving as the website’s administrator. Sterlingov was arrested on April 27 in Los Angeles, wit...
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Turkey Drafting Crypto Regulation — Central Bank Says No Intention to Ban Cryptocurrencies

The Turkish government is reportedly creating a regulatory framework for cryptocurrencies after two crypto exchanges in the country abruptly halted trading and are now being investigated for fraud. The government is reportedly planning to establish a central custodian bank among other initiatives. The Turkish government is working on cryptocurrency regulation. Bloomberg reported on Tuesday that “The government is planning to establish a central custodian bank to eliminate counterparty risk,” citing a senior official familiar with the plans. The Treasury & Finance Ministry, Capital Markets Board and financial crimes watchdog Masak are involved in establishing the crypto framework, the publication conveyed, adding that its preparations are expected to be completed within a few weeks. Other than creating a central custodian bank, the Turkish authorities are also considering imposing a capital threshold for crypto exchanges and education requirements for executives at those co...
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Popular Talk Show Host Ellen Degeneres Asks About Cryptocurrency — Mark Cuban Urges Her to Accept Dogecoin

Popular talk show host Ellen Degeneres asked Shark Tank star Mark Cuban about cryptocurrency and non-fungible tokens during the Ellen Degeneres Show which aired on Tuesday. Besides explaining cryptocurrency to Degeneres, Cuban tried to convince her to accept dogecoin in her shop. Ellen Degeneres Tries to Understand Dogecoin Shark Tank star Mark Cuban appeared on the Ellen Degeneres Show on Tuesday. Degeneres is a popular comedian, television host, actress, writer, and producer. Cuban is the owner of the National Basketball Association (NBA) team Dallas Mavericks. “Today, Mark Cuban taught me about dogecoin. I’m still not sure I understand it, or know how to pronounce it, but it sure is fun to say,” Degeneres tweeted. Degeneres asked Cuban about cryptocurrencies and non-fungible tokens (NFTs). “Is that something that we should all be looking at?” she said. “The thing about NFTs is they’re just digital collectibles,” Cuban described. “Don’t think about the technology at all. It’s ...
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Roger Ver’s next life: Cryonics meets crypto

Toward the end of our hour-long interview, Bitcoin.com founder Roger Ver drops a bombshell: He had considered killing himself to escape a jail sentence at the age of 23. Even for the most freedom-loving libertarian, this seems extreme. But Ver had worked out a way to escape his own death by having himself cryonically preserved, to be revived at a later date. At 20 years old, Ver had already signed up with Arizona life extension company Alcor to be frozen after death, long before he was handed a 10-month prison stretch in 2002 for selling firecrackers on eBay. Itll freeze your body in a big giant vat of liquid nitrogen when you die, in the hopes that future medical technology will be able to fix whatever it is that caused you to die in the first place plus the damage caused by freezing, he explains: And so in fact, I even considered suicide isnt the right word but I considered killing myself temporarily, going into cryonic suspension and then coming out later, when the technology ...
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