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Showing posts from May 9, 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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Over 67,000 Fusions: Cashfusion Participants Have Fused Billions of Dollars in Bitcoin Cash

While some crypto users have been leveraging privacy-centric digital assets like monero, others still use mixing protocols that shuffle unspent transaction outputs (UTXOs) from coins like bitcoin, ethereum, and bitcoin cash. Participants using the Bitcoin Cash network utilize applications like Cashshuffle and Cashfusion. Since Cashfusion was introduced in November 2019, there’s been 67,845 fusions or $5.9 billion worth of bitcoin cash that’s been fused. Cashshuffle Still Gets Use With 65K Shuffles Since 2019 During the bull run of 2021, Bitcoin Cash network users are using Cashfusion and Cashshuffle a great deal these days. The elder and sister protocol of Cashfusion, Cashshuffle still gets used today and at the time of writing, there’s been 65,682 shuffles with 283,217 BCH shuffled in total since the protocol’s inception. Now, of course, the UTXOs were not shuffled at the current exchange rate, but that’s around $377 million in shuffled BCH using today’s exchange rates. People ...
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SlumDOGE millionaires: Dog tokens dominate Uniswap v3’s rankings

Shiba Inu token is half of the top pairing by both fees generated and total number of trades on Uniswap v3. Despite DOGE’s dramatic crash following the highly anticipated episode of Saturday Night Live hosted by SpaceX founder and hypothetical Dogecoin CEO, Elon Musk, many dog-tokens that recently rode DOGE’s coat-tails are still up several-hundred percent in just a couple of weeks after driving billions in trade volume on Uniswap v3. In spite of its limited utility, the self-described “experiment in decentralized spontaneous community building,” Shiba Inu (SHIB), has dominated Uniswap v3’s rankings since the DEX’s May 5 launch. Since Uniswap v3’s launch, the WETH/SHIB pairing ranks as the top pairing by both total fee generation with $2.4 million and number of trades with nearly 57,000, beating out second-ranked WETH/USDT with $750,000 generated over nearly 8,500 trades. WETH/SHIB is currently third by total trade volume on Uniswap v3 with $243.2 billion, ranking behind WETH/...
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BTC could trade for $250K within five years: Morgan Creek Capital CEO

Morgan Creek Capital Management’s CEO predicted Bitcoin will soon rival gold by monetary value. Morgan Creek Capital Management founder and CEO believes Bitcoin’s next market cycle could see the asset rival gold by market capitalization and trading for more than $200,000. While appearing on CNBC’s Trading Nation on May 9, Mark Yusko compared the rapid adoption of Bitcoin to the growth of FAANG companies — Facebook, Apple, Amazon, Netflix, and Google. “This is a network and networks grow in an exponential way. This is the fastest network in history to a trillion dollars of value, right on the heels of the FAANGs that took, you know, 15 to 20 years depending on which one you look at.” Yusko’s price prediction is based on his assumption that Bitcoin will rival gold by “monetary value” - a concept derived from the gold standard where a country's currency or fiat has a value directly linked to gold. He stated: “If gold’s monetary value is $4 trillion, then digital gold should mov...
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African Exchange, Quidax Processes Over $3.2 Billion in Transactions, Announces Global Expansion

PRESS RELEASE. Cryptocurrency exchange, Quidax on Monday, 10th May officially shared plans to expand beyond Africa to the global market. They also announced the launch of their native token, QDX and revealed plans to reposition as the global home of BEP20 tokens. Quidax is a cryptocurrency exchange that launched in August 2018. It had initially positioned itself as an African focused cryptocurrency exchange but has stated a change in strategy following some events in February. Quidax CEO, Buchi Okoro for the first time revealed that they have processed over 3.2 billion dollars worth of transactions since their launch and have grown their customer base from 50 customers in 2018 to over 400,000 customers across 72 countries today. Quidax to launch its Token on JulPad Launchpad in May Quidax is going to launch QDX, its native token. QDX will be a BEP20 token that will power all the functions within the Quidax ecosystem from trading fees on the exchange, to staking, governance, and ...
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Rari Capital allocates $26M from developer fund to compensate hack victims

Up to $26 million worth of Rari’s governance token may be distributed among users impacted by a hack that drained $10 million from the protocol this past weekend. Following a $10 million exploit over the weekend, decentralized finance protocol Rari Capital is formulating a plan to compensate victims. According to an official postmortem of the attack published May 9, the platform lost 2,600 ETH equal to 60% of all users’ funds in its Rari Capital Ethereum Pool. Rari automates yield farming by rebalancing users' funds and pools. On May 10, Rari founder Jai Bhavnani posted an update revealing that all of the protocol’s contributors had voted to return the 2 million RGT tokens initially slated for developer incentives back to the project’s decentralized autonomous organization, or DAO, to reimburse users impacted by the hack. While an exact distribution plan is still being discussed by Rari Capital’s developers and community, Bhavnani noted that tRGT token holders will be elig...
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South Korea to Crack Down on Phishing Websites Attacking Crypto Users

South Korean authorities are intensifying their monitoring of phishing activity related to cryptocurrencies. The government has identified a record number of websites trying to obtain login details from crypto exchange users. Over 30 sites have been taken down in just three months this year. Seoul Strengthens Monitoring of Crypto Phishing Scams Rising market prices have led to an increased number of phishing attempts targeting investors and users of cryptocurrency in South Korea. The government in Seoul announced it’s strengthening its monitoring system to quickly detect such threats. It will also work closely with the Korean National Police Agency (KNPA) to prevent fraud. The Korean Ministry of Science and Information and Communications Technology said it’s receiving an increasing number of reports of phishing attempts. Attacks are often conducted via text messages convincing crypto traders to enter their exchange usernames and passwords on fake websites. The perpetrators can the...
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Ethereum continues wild run, ETH price breaks $4,000 for the first time

The second-largest digital asset doesn't look to be stopping its meteoric rise anytime soon. Ether ( ETH ) eclipsed $4,000 for the first time on May 10, passing the psychologically significant barrier on multiple exchanges including Coinbase. The new milestone comes just a week after breaking $3,000 . ETH/USD 4-hour candle chart (Coinbase). Source: Tradingview Last week, ETH overtook Bank of America as the 28th largest asset in the world. But at $454.49 billion as of today, ETH has now eclipsed the market cap of consumer staples giants Wal-Mart and Johnson and Johnson, and is knocking at the door of JPMorgan Chase — the largest American bank by assets under management. Part of the rise may be linked to increasing institutional interest in the asset. This week, a Coinshares report said that institutions bought over $30 million in ETH at the end of April. Money managers are thought to now own $13.9 billion in ETH or ETH vehicles. Likewise, there have been significant stride...
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Elon Musk Calls Dogecoin a Hustle and the Future of Currency That’s ‘Going to Take Over the World’ on SNL

Dogecoin has a wild ride this weekend starting with Elon Musk’s Saturday Night Live (SNL) and ending with Spacex saying it will launch DOGE-1 mission to the moon. Musk called dogecoin “a hustle” on the show but also said that it is “the future of currency” that’s “going to take over the world.” Dogecoin Is ‘Unstoppable Financial Vehicle That’s Going to Take Over the World, Musk Said on SNL The much-anticipated SNL with Elon Musk and musical guest Miley Cyrus was aired last night. During the show, Musk mentioned cryptocurrency and dogecoin several times. The first mention was during his monologue when his mother, Maye, joined him. “I’m excited for my Mother’s Day gift. I just hope it’s not dogecoin,” she told her son. The Spacex CEO replied: “It is. It sure is.” Then, during SNL’s satirical Weekend Update segment, Musk returned in the role of a financial expert called “Lloyd Ostertag.” As soon as he sat down with anchor Michael Che, he said, “Call me the Dogefather,” a term he prev...
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Arnold Schwarzenegger Follows Warren Buffett’s Crypto Investment Strategy, Keeps Away From Bitcoin

Former Governor of California Arnold Schwarzenegger has confirmed that he does not invest in bitcoin or any other cryptocurrencies. He says that he is “like Warren Buffett” in that he does not invest in things he does not understand. The CEO of Berkshire Hathaway thinks bitcoin is “rat poison squared.” Arnold Schwarzenegger Not Investing in Bitcoin or any Other Cryptocurrencies “Terminator” star Arnold Schwarzenegger talked about bitcoin during an interview with the New York Times published Thursday. Regarding bitcoin, the former California governor said: No, I don’t invest in them. I am like Warren Buffett. I don’t invest in things I don’t understand. The Berkshire Hathaway CEO has long been a bitcoin critic. He called it “rat poison squared” back in 2018 after his business partner Charlie Munger compared the cryptocurrency to “rat poison” and “turds.” Buffett is well known for operating within his “circle of competence,” meaning he does not invest in anything he does not unde...
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Literally to the moon — SpaceX payload funded by DOGE plans to reach lunar orbit in 2022

"This mission will demonstrate the application of cryptocurrency beyond Earth orbit and set the foundation for interplanetary commerce,” said SpaceX's Tom Ochinero. Canada-based manufacturing and logistics firm Geometric Energy Corporation will be launching a Dogecoin-funded payload on one of SpaceX’s first rockets to the moon. In a Sunday announcement from Geometric Energy Corporation, the company said its commercial satellite could be traveling to the moon as early as the first quarter of 2022 aboard the SpaceX Falcon 9 launch vehicle. Weighing 40 kilograms — roughly 88 pounds — the payload is designed to “obtain lunar-spatial intelligence from sensors and cameras on-board with integrated communications and computational systems.” "Having officially transacted with DOGE for a deal of this magnitude, Geometric Energy Corporation and SpaceX have solidified DOGE as a unit of account for lunar business in the space sector," said Geometric Energy CEO Samuel Reid. ...
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CasperLabs 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 CasperLabs Token (CSPR) under the pair USDT/CSPR on May 6 at 3:00 p.m. UTC. Casper is a decentralized proof-of-stake blockchain network optimized for enterprise and developer adoption. The Casper Network is the first live blockchain built off the Correct-by-Construction (CBC) Casper specification, allowing the network to create sustainable new markets and unlock value by tokenizing nearly any asset without compromising performance or security. With the CBC specification integrated, finality increases security and guarantees past decisions are irreversible, making decisions deterministic rather than probabilistic. Casper is flexible and block times can adjust based on network conditions. These benefits make transaction settlement faster and improves users’ confidence in the protocol’s data output. The protoc...
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Defi Project Rari Capital Hacked for $10M in Ether, Project’s Pool Drained for 2,600 ETH

Reports from the decentralized finance project Rari Capital detail that the protocol’s ethereum pool has experienced a recent exploit. Rari Capital says they are assessing the situation and the team removed funds from the recent Alpha Finance Lab integration. At first, the project’s team revealed they were assessing the hack, but later estimates assume the project lost $10 million to the hacker. Rari Capital Drained for 2,600 Ether, Hacker Taunts Project There has been no shortage of defi hacks at the end of 2020 and into 2021, as a myriad of projects has seen funds drained from a wide range of vulnerabilities. Now it seems the Rari Capital project lost $10 million from a malicious hacker who gained access to an exploit in the ethereum ( ETH ) pool. Essentially, Rari Capital is a Web3 defi tool that allows people to deposit crypto assets and rebalance them into the “highest-yielding stable opportunities.” The protocol builds a “lego effect” of defi apps and claims the platform pro...
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The rise of crypto charities: Elongate and Munch raise millions for various causes

The cryptocurrency community is flexing its generosity amid the latest bull market, as charitable donations continue to grow. Two unrelated cryptocurrency projects have collectively raised over $3 million for charitable contributions this month, underscoring the potential of digital assets in aiding mission-based non-profits around the world.  Elongate, a cryptocurrency project that began as a parody of Elon Musk’s reference to the Watergate scandal, has raised $2 million for various food and general support programs via Human Relief Foundation and Give India. The latter is a Covid-19 relief effort in the South Asian country in the wake of a devastating spike in new infections . Some of the biggest Elongate contributors are Children International, Action Against Hunger, The Ocean Cleanup, Big Green, Human Relief Foundation and Give India, among others. “In just a month, the Elongate ecosystem has grown to change the face of charity and crypto trading,” said Hasan Aziz, the p...
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ECB Chief Lagarde: Cryptocurrencies Prone to Money Laundering, No Intrinsic Value, Buy if Prepared to Lose all Money

The president of the European Central Bank (ECB), Christine Lagarde, warned that cryptocurrencies are prone to money laundering. She agrees with the governor of the Bank of England, Andrew Bailey, who recently said that cryptocurrencies have no intrinsic value and investors should be prepared to lose all their money if investing in them. ECB Chief Lagarde Sees Crypto as a ‘Real Risk’ for Investors European Central Bank (ECB) chief Christine Lagarde talked about cryptocurrency Friday during a webinar hosted by the European University Institute. She said: Crypto-currencies — these two things don’t go well together and I totally agree with Dr. Bailey’s conclusion in that respect. Lagarde further noted that “There are crypto assets … which people are free to invest in and take total risk into, and there are particular cryptos that are, in my view, so prone to money laundering activities.” She did not mention any cryptocurrencies by name. When asked whether the ECB is competing with...
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Top 5 cryptocurrencies to watch this week: BTC, BNB, ADA, LTC, LINK

Bitcoin is still stuck in a predictable range below Binance Coin, Cardano, Litecoin and Chainlink have formed bullish patterns suggesting further upside in them. Over the past week, several traders bought Dogecoin ( DOGE ) leading up to Elon Musk’s Saturday Night Live appearance as they expected a pump. However, the mention of Dogecoin during the monologue by Musk did not produce the rally traders were looking for and professional traders may have dumped their positions on novice traders who were expecting a breakout.  Dogecoin dumped to an intraday low at $0.41 today, losing over 34% from the previous day’s close. Since then, the meme coin has been trying to stage a recovery and has risen to $0.54. The sharp fall in Dogecoin price shows that buying the hype, without any major fundamental reason, could result in stomach-churning volatility. Crypto market data daily view. Source: Coin360 On the other hand, Ether ( ETH ) extended its up-move further, faltering just below $4...
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'Dogefather' Elon Musk jokingly calls token a hustle as price falls under $0.50

Though Musk's mother briefly mentioned the token during the Saturday Night Live opening monologue, the Tesla CEO followed up with an in-depth look for his Weekend Update segment. Meme-based cryptocurrency Dogecoin, often pushed by Elon Musk on Twitter, got its moment during the Tesla CEO’s appearance on Saturday Night Live , but the shoutouts didn't drive the price to the moon. During his opening monologue on the comedy show, Maye Musk jokingly told her son she hoped she wouldn’t be receiving any Dogecoin ( DOGE ) as part of her Mother’s Day gift that weekend. Though the initial mention received its share of laughs from the live audience, Musk’s appearance as "financial expert" Lloyd Ostertag on Saturday Night Live' s Weekend Update segment was more in-depth, and preceded a 30% drop in the price of DOGE. Referring to his character as the “Dogefather,” Musk said prices had been soaring for Bitcoin ( BTC ), Ether ( ETH ), and DOGE, but was jokingly unable to pr...
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China’s Digital Yuan Smart Card to Feature Biometrics and Fingerprint Scanning

The People’s Bank of China’s upcoming digital yuan card will feature IDEX Biometrics and fingerprint scanning, according to regional reports. China’s “Digital Currency Electronic Payment” or DCEP is getting closer toward launch by the day. Last week, smart card manufacturer Chutian Dragon and IDEX Biometrics announced the companies are working on a digital yuan payments card. China’s DCEP Will Boast Advanced Fingerprint Identification and Authentication Solutions China’s DCEP continues to make headlines as the crypto asset and central bank-crafted network inches closer toward reality. As the digital yuan draws near, Bitcoin.com News reported on JD.com’s employee participation, Tencent and Ant Group’s help, and Mastercard looking to engage with DCEP transactions. Additionally, reports had shown that the People’s Bank of China-run Digital Currency Research Institute’s, Ma Changchun, stressed that the DCEP would not be fully anonymous. Now regional reports from China reveal that a...
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