Skip to main content

Posts

Showing posts from July 18, 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...
Post a Comment
Read more

Chinese artist showcases NFT real estate at Alibaba-sponsored innovation festival

NFT artworks depicting “socialist cyberpunk” housing are being showcased at the Taobao Maker Festival in Shanghai. This year’s Taobao Maker Festival — an annual event celebrating Chinese art and entrepreneurship hosted by the Alibaba-owned e-commerce platform Taobao — will showcase nonfungible tokens (NFTs) for the first time. This year’s event will see decentralized application platform Near Protocol team up with blockchain gaming firm Web3Games and Chinese artist Huang Heshan to sell NFT-based real estate created by Huang. Heshan’s virtual “Bu Tu Garden” will be available for purchase during the event, with the garden comprising more than 1,000 virtual structures, including ten “luxury single-family villas,” 300 high-end units, and 1,000 “umbrella” parasols. Bu Tu Garden forms part of Heshan’s first NFT collection, “Toorich City Series” — which is built around a fictional real-estate tycoon, Mr. Toorich, who is dedicated to building up-market housing for the economically disad...
Post a Comment
Read more

Daily Dogecoin volume soared to nearly $1B during Q2

DOGE is estimated to have represented up to 5% of all crypto volume during the second quarter of 2021. Trading volume for Dogecoin increased by more than 13 times during the second quarter for 2021, nearly tagging $1 billion daily. According to data compiled by Coinbase and reported by Business Insider, Dogecoin trading volumes soared 1,250% between April and June, with $995 million worth of DOGE changing hands daily on average during the quarter. By comparison, Dogecoin’s average daily volume for the first quarter was $74 million. Dogecoin started the year priced at just $0.004 and saw its first uptick in early February when prices jumped 50% when Tesla CEO Elon Musk embarked on his Twitter-shilling campaign  in support of the meme-coin. A massive rally was to follow as Musk ramped up the Dogecoin hysteria, sending the Shiba Inu-themed coin to an all-time high of $0.731 on May 8. The move culminated in a whopping 18,000% gain since the beginning of the year. Despite many cr...
Post a Comment
Read more

From $100 Million to Nothing — Biographer Claims John McAfee Was Broke When He Died

Just before the antivirus tycoon John McAfee was found dead in Spain, he told the public from prison that U.S. federal authorities seized all of his assets and he had “nothing.” Now a biographer who is writing a McAfee-based biography has corroborated McAfee’s story. The author Mark Eglinton says that McAfee was also unable to pay for the requested biography. McAfee Wasn’t Able to Pay for Requested Biography Expenses In 1987, John McAfee wrote the first commercial-grade antivirus software and by 1994 he sold his stake in the company and resigned. By 2007, reports show that McAfee’s net wealth peaked at $100 million but allegedly his funds quickly evaporated in the 2008 financial crisis. A picture of John McAfee when he lived in Belize for a number of years. McAfee’s antivirus firm called McAfee was bought out by Intel in 2010 for $7.6 billion. After Intel changed the name of the company to “Intel Security,” McAfee made a statement that he was freed “from this terrible association ...
Post a Comment
Read more

FOHO Is Building a Transparent Fractional Ownership Marketplace

PRESS RELEASE. Toronto, July 19, 2021 – FOHO is building a transparent fractional ownership marketplace that uses the wisdom of crowds to uncover deals, hold sellers and property managers accountable and manage usage and income disbursal for real estate assets. Their modus operandi revolves around a trust-incentivized system. The platform is backed by Tangentia – one of the fastest-growing technology companies in Canada and Tripvillas – a leader in the development and management of Vacation homes. FOHO Coin – a utility token for use on the FOHO Ecosystem today announced that it has concluded agreements for its Initial Exchange Offering or IEO on the Ascent by Bitnbs Launchpad. The IEO will open on the 27th of July 2021. FOHO was founded in 2019 in Goa and raised capital from Tangentia Ventures. It rapidly gained initial traction with deals in Goa and Sri Lanka. In 2021, it received further backing from Tripvillas – a leading manager of Vacation home communities with over 5000 homes ...
Post a Comment
Read more

High-profile Ethereum co-founder quits crypto over safety concerns

Despite co-founding the world’s second-largest cryptocurrency, Anthony Di Iorio believes society is in little need of digital assets. Ethereum co-founder, Anthony Di Iorio , has announced his intention to exit the crypto industry, expressing concerns over his personal safety. According to a July 17 report from Bloomberg , Di Iorio is looking to sell his digital asset firm Decentral and sever ties with all other crypto projects he is currently involved with, stating that he no longer feels safe as a result of his elevated profile within the crypto sector: “It’s got a risk profile that I am not too enthused about. I don’t feel necessarily safe in this space. If I was focused on larger problems, I think I’d be safer.” Hailing from a background in web development, Di Iorio was among the eight co-founders who began working on Ethereum in 2014. He served as chief digital officer of the Toronto Stock Exchange in 2016 and has focused on venture capital investing and startup advising in r...
Post a Comment
Read more

Coinbase CEO Rebuffs Dogecoin Co-Founder Statements: ‘Crypto Is an Alternative for People Who Want More Freedom’

Brian Armstrong, CEO of Coinbase, took to Twitter to tell his thoughts about the statements that Jackson Palmer, co-founder of Dogecoin, expressed last week. While Palmer now has a negative vision of the cryptocurrency industry, Armstrong is in the opposite field. To Armstrong, the cryptocurrency industry has its problems, but it still provides an alternative for people who want more economic freedom. Coinbase CEO Faces Dogecoin Founder for His Views on Cryptocurrency Capitalistic, right-wing, centralized… these were some of the traits that the Dogecoin co-founder Jackson Palmer attributed to the cryptocurrency market as a whole earlier this week. Palmer’s thoughts about the current state of the cryptocurrency industry caused harsh reactions across social media. But one of the few that articulated a structured answer to Palmer’s tweetstorm was none other than Brian Armstrong, CEO of Coinbase. Armstrong stated that while the cryptocurrency system as conceived now has its problems, ...
Post a Comment
Read more

Crypto Experts Predict Bitcoin Price Rising to $318,417 by December 2025

A panel of crypto experts has predicted that the price of bitcoin will rise to $318,417 by December 2025. The most bullish expert believes that the price of the cryptocurrency will reach $160,000 by the end of the year. Meanwhile, 54% of them think that hyperbitcoinization will happen by 2050. Crypto Experts Share Bitcoin Price Prediction Finder, a major product comparison website, has conducted a study to find out the future outlook of bitcoin as its popularity grows. “As awareness of cryptocurrencies continues to spread, all eyes are on bitcoin’s price. So we asked our panel of 42 cryptocurrency experts what’s in store for the coin,” the company detailed last week. The panelists include crypto asset managers, executives of crypto exchanges and other service providers, crypto analysts, professors, and lecturers at universities. Among various topics discussed was what the price of bitcoin will be at the end of the year and a few years from now. Finder detailed: While there may b...
Post a Comment
Read more

Malaysia Flattens Seized Bitcoin Mining Rigs With Steamroller — Over 1,000 Machines Demolished

Over 1,000 bitcoin mining machines have been totally destroyed in Malaysia after they were seized for illegally mining the cryptocurrency using stolen electricity. The mining machines, worth about $1.26 million, were steamrolled in the Malaysian city of Miri and eight people have been arrested so far. Over a Thousand Bitcoin Mining Machines Demolished in Malaysia Malaysian authorities have completely destroyed 1,069 bitcoin mining machines confiscated between February and April with a steamroller, local media reported Friday. The mining machines were seized in a joint operation carried out by police and Sarawak Energy Berhad (SEB) in Miri, a Malaysian city on the northwest coast of the island of Borneo. They are estimated to be worth 5.3 million Malaysian ringgits ($1.26 million). All seizures that had been settled in court were disposed of at the Miri district police headquarters Friday. Miri police chief ACP Hakemal Hawari said eight individuals were also arrested for being invo...
Post a Comment
Read more

Top 5 cryptocurrencies to watch this week: BTC, MATIC, THETA, CRO, LEO

MATIC, THETA, CRO and LEO could push higher this week if Bitcoin price holds above the $30,000 level. Bitcoin ( BTC ) bulls have successfully defended the $30,000 level in the past few days but the failure to achieve a strong rebound has some traders worried that the price will eventually dip to new lows.  In a series of tweets, Ecoinometrics said that the current correction “looks very similar to 2013” when Bitcoin took 197 days to rise to a new all-time high and a bottom formed after a 69% correction from the all-time high. If history repeats itself, then traders may need to be patient because the current correction has only been in play for 95 days. At $30,000, Bitcoin has just dropped 54% from its all-time high, and a 69% correction could sink it down to $20,000. Crypto market data daily view. Source: Coin360 In a new report, Delphi Digital highlighted that trading activity had collapsed with spot exchange volumes having fallen more than 60% from the highs in May. Th...
Post a Comment
Read more

Fed and Yale researchers lay out 2 regulatory frameworks for stablecoins

Yale Professor Gary B. Gorton and Jeffery Zhang of the Board of Governors of the Federal Reserve System have co-authored a 49-page paper called, “Taming Wildcat Stablecoins.” The Federal Reserve’s ongoing research into central bank digital currencies, or CBDCs , has broadened to include stablecoins and whether they can be effectively regulated.  In their paper, which was published in SSRN’s eLibrary on July 17, Gorton and Zhang argue that “privately produced monies” such as stablecoins are “not an effective medium of exchange because they are not always accepted at par and are subject to runs.” The authors then go on to propose solutions to address what they consider to be “systemic risks created by stablecoins.” After taking a deep dive into the history of private money, beginning with the Free Banking Era in the United States, a period from 1837 to 1864,  the researchers concluded that policymakers have two choices with respect to regulating stablecoins: make stablecoin...
Post a Comment
Read more

Bithumb Terminates Trademark Agreements With 2 Foreign-Based Exchanges

Leading Korean crypto exchange Bithumb is terminating its trademark agreements with two coin trading platforms operating abroad under its brand name. The move comes as digital asset exchanges in South Korea prepare to comply with the country’s stricter regulations for the industry that will be enforced in September. Bithumb Global and Bithumb Singapore to Change Their Brand Names as Bithumb Ends Trademark Agreements Two cryptocurrency exchanges, Bithumb Global and Bithumb Singapore , will not be able to use the Bithumb brand name and trademark starting from the last day of this month. Bithumb Korea Co., Ltd., operator of the leading South Korean digital currency platform, announced its decision to terminate the Trademark License Agreements with the two entities. According to the preliminary notice published this week, the termination date for the contracts has been set to Friday, July 30, 2021. The non-exclusive trademark license agreements apply to the usage of the Bithumb logo...
Post a Comment
Read more

Jackson, Tennessee Mayor Praises Bitcoin’s Benefits Against Inflation, Aims to Create a BTC Hub

Jackson, Tennessee’s mayor is a fan of bitcoin and he wants the city to become a bitcoin hub in order to entice technology companies and innovation. Jackson’s mayor Scott Conger is in the midst of discussing creating legislation that allows Jackson residents to pay property taxes with bitcoin. Jackson, Tennessee’s Mayor Is a Fan of Bitcoin, He Wonders Why We Accept Inflation Miami mayor Francis Suarez is not the only bitcoiner trying to get bitcoin companies and technological innovation to reside in his city. Jackson, Tennessee’s mayor is also a bitcoin fan and Scott Conger is the third member of his family to be Jackson’s mayor. Conger has noticed inflation creeping higher after the federal government and central bank created massive quantities of stimulus during the last year and a half. In Conger’s opinion bitcoin is the only solution to this problem. Three days ago Conger tweeted : Why do we accept inflation? Why don’t we demand more from our federal government 6.3% in 2 year...
Post a Comment
Read more

$31.5K Bitcoin price on track for lowest weekly close of 2021

Performance remains grimly sideways on the day of the largest GBTC unlocking event. Bitcoin ( BTC ) was on track to lose nearly $3,000 this week as a weekend of mixed price behavior came to an end. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Trader hopes for last-minute BTC price volatility  Data from Cointelegraph Markets Pro and TradingView  showed BTC/USD trading at just above $31,500 late Sunday — a potential -$2,800 weekly candle. BTC/USD 1-week candle chart (Bitstamp). Source: TradingView The weekend had produced little by way of surprises, with Bitcoin moving within a predictable range after seeing an initial brief spurt over $32,000 Friday. Despite retaining $31,000 support and so far not retesting $30,000, Bitcoin was nonetheless on track to seal its lowest weekly close since December 2020. #bitcoin still ranging sideways…. Surprise surprise — Lark Davis (@TheCryptoLark) July 18, 2021 While some traders and analysts expressed their l...
Post a Comment
Read more

IMF, World Bank, BIS Recommend Countries Work Together on CBDCs to Enhance Cross-Border Payments

The International Monetary Fund (IMF), the World Bank, and the Bank of International Settlement (BIS) have conducted an extensive study of using central bank digital currencies (CBDCs) for cross-border payments. Their report to the G20 states that enhanced cross-border payments “can be achieved … as long as countries work together.” The Committee on Payments and Market Infrastructures, the BIS Innovation Hub, the International Monetary Fund, and the World Bank published a joint report to the G20 on July 9 titled “Central bank digital currencies for cross-border payments.” The report explains that “Cross-border payments are commonly criticized for their high cost, low speed, limited access, and insufficient transparency.” To address these challenges, the G20 countries endorsed a roadmap in October last year. It was developed by the Financial Stability Board (FSB) and other relevant standard-setting bodies. Various aspects of central bank digital currencies (CBDCs) were analyzed in ...
Post a Comment
Read more

Analyst: ‘Bitcoin Correction Very Similar to 2013 — BTC May Remain Stuck at $30K for a While’

The analytics provider Ecoinometrics has published a tweetstorm that shows the current downward spiral from bitcoin’s all-time high is one of “the longest drawdowns bitcoin has had to deal with during a post-halving bull market.” Furthermore, the same day, analyst and economist, Julio Moreno, highlighted in a recent blog post that “in bitcoin, volatility is your friend.” Analyst Discusses Bitcoin’s Second Longest Drawdown Before the Next Price Move Most people in the industry understand that bitcoin (BTC) prices have seen better days and many spectators are wondering when the crypto asset will rebound. The fact of the matter is, we really don’t know, but people do leverage previous chart patterns from prior bull markets and have measured a number of timespans. In recent times, Bitcoin.com News has published at least two market reports that show speculators believe this bull run resembles the action that took place in 2013. According to the analytics provider Ecoinometrics , the ...
Post a Comment
Read more

These Are the Crypto Economy’s 5 Most Expensive Assets per Unit

On July 18, the most valuable cryptocurrency in terms of dollars per unit, is bitcoin which is currently trading for $31,693. Besides all the wrapped bitcoins and synthetic bitcoin pegs, the second-highest valued crypto-asset per unit is yearn finance and maker follows behind. Removing the market capitalization positions and viewing crypto assets in this way gives a user an entirely different perspective. A Look at the Top Digital Currencies by Price per Unit At the time of writing, there are only two crypto assets worth five-digits in USD value and only two worth four-digits. Looking at the price of each coin per unit shows a view of how many coins are trading at certain price ranges. Price per unit recorded in this report was accounted for at 8:55 a.m. (EDT) on Sunday, July 18, 2021. Data was collected from the crypto market aggregation sites markets.bitcoin.com and coingecko.com . The top five most expensive crypto assets per unit include bitcoin, yearn finance, maker, ethereu...
Post a Comment
Read more

Four North American Bitcoin miners that could benefit from the East-West shift

With China seemingly out of the equation, North American Bitcoin miners are looking to exert hash rate dominance. Even before China finally wielded the ban hammer on crypto mining, Bitcoin ( BTC ) miners in North America had been building up their capacity amid efforts to gain a larger share of the global hash rate distribution. From building bigger data centers to acquiring hardware inventories, these establishments have been making concert efforts to balance the hash-power dichotomy between the Eastern and Western hemispheres. North American Bitcoin miners often have to contend with energy usage concerns as well and some have been keen to partner with oil and gas firms, becoming buyers of last resort for flared gas. Indeed, American oil drillers and Bitcoin mining firms continue to collaborate over natural gas utilization, proving once again that the potential for Bitcoin’s thermodynamic capacity is set to be a net positive for the environment, despite the criticisms put forward a...
Post a Comment
Read more