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Showing posts from September 15, 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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Opensea NFT Marketplace Claims Employee Profited From Insider Information

On September 15, the top non-fungible token (NFT) marketplace, Opensea, revealed that an Opensea executive profited from insider trading. “Yesterday we learned that one of our employees purchased items that they knew were set to display on our front page before they appeared there publicly,” Opensea informed the public on Wednesday. Opensea did not name the employee, but social media posts accused an Opensea executive of using “secret wallets” on Tuesday. Opensea Team Says NFT Market Operators Are ‘Incredibly Disappointed’ Opensea is the leading NFT market in terms of trade volume and during the last seven days, Opensea saw $519.51 million in volume, according to dappradar.com stats . While the volume is decent, it is down 48.20% during the last week in terms of sales. Meanwhile the number of Opensea traders did increase last week by 6.10% to 164,878 traders. On Wednesday, the Opensea management team announced that an employee has been accused of leveraging and profiting from insi...
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Nifty News: Nafty launches naughty NFT site, Dutch DJ pushes limits of physical NFTs

Nafty has launched an erotic-themed NFT marketplace, while DeviantArt is tracking down art theft on NFT marketplaces, and the Rugby League World cup is dropping NFT collectib NFT NSFW Nafty, a blockchain firm that produces decentralized NSFW platforms —such as OnlyFans competitor Nafty.TV — launched an erotic-themed NFT marketplace dubbed “NaftyArt” today. NaftyArt aims to provide a platform for erotic artists and adult-content creators to promote and sell their tokenized works without fears of it being removed, or their accounts shadowbanned. It may also give some NFT proponents an excuse for out-laying large sums of money on NSFW content. The announcement read: “Erotic Artists and Adult Content creators have been struggling for some time to get their work prominently featured on mainstream NFT marketplaces. A lot have found their work is removed as it contains nudity or at best they are shadowbanned, with potential buyers unable to see their work.” Nafty is also promoting the...
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ABEY Is One of the Fastest-Growing Blockchains in the World Adding 20,000 New Addresses Each Week

This week, ABEY has announced that it has been adding an average of 20,000 active ABEY 2.0 addresses each week since the beginning of August 2021, making it one of the fastest-growing blockchains in the world and finishing an exceptional week that included the ABEY token being listed on Liquid Global, a premier international cryptocurrency exchange. ABEY developers say there are more than 120,000 active ABEY 2.0 addresses today, quadrupling from 30,000 addresses at the beginning of August. Developers say this growth began around the first airdrop of XT, the native token of XSWAP on August 17th. This news follows the confirmation that ABEY token, the native token of third-generation blockchain platform ABEYCHAIN, is now listed on popular cryptocurrency exchange Liquid Global. Major milestone for ABEY This development indicates the rapid growth of the ABEY ecosystem and will expose the token to more users globally. Liquid Global is a Japan-based exchange that ranks among the top ...
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SkyBridge raises $100M for Algorand fund and files for crypto company ETF

Anthony Scaramucci revealed that SkyBridge currently holds $700 million worth of cryptocurrency. Alternative investment firm SkyBridge capital hopes to expand its crypto offerings, filing for a crypto-focused exchange-traded fund (ETF) on Tuesday and revealing plans for an Algorand fund at this week’s SALT conference in New York. Speaking to CNBC, SkyBridge founder and former White House Communications Director Anthony Scaramucci said the firm had raised more than $100 million toward the newly announced Algorand fund. He added that the firm currently holds roughly $700 million worth of crypto assets. Scaramucci asserted that “crypto is here to stay,” adding that regulators must act “very quickly” if they intend to stem the snowballing adoption of the technology. “This is a lot like Uber — the regulators wanted to knock Uber out of business, but the people wanted Uber and the people won,” he said, adding: “Before long there will be 200 million [crypto] users in the United States...
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Canada’s ‘Mad Max’ Supports Bitcoin — Says ‘I Hate How Central Banks Are Destroying Our Money and Economy’

Maxime Bernier, a former cabinet minister nicknamed “Mad Max” and the leader of the People’s Party of Canada (PPC), says he supports bitcoin and cryptocurrencies. “I hate how central banks are destroying our money and economy … cryptos are another new and innovative way to counter this that should be encouraged,” he said. ‘Mad Max’ Supports Bitcoin and Crypto Maxime Bernier, the leader and founder of the People’s Party of Canada (PPC), has revealed his support for bitcoin and cryptocurrency. He is a former Canadian foreign minister whose supporters have nicknamed “Mad Max.” According to an EKOS poll, the PPC has 9% support nationally, which is higher than the Green Party but well below Justin Trudeau’s Liberal Party and Erin O’Toole’s Conservative Party, each with around 30%. Bernier tweeted Tuesday: Many people are asking if I support bitcoin and cryptos. Of course I do! I hate how central banks are destroying our money and economy. He continued: “I’m more of an old-fashioned...
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Fidenza artist slams knock-off NFT project from ‘honest pirates’ on Solana

SolBlocks admits that while they did pirate the code, their NFTs are not copies of Tyler Hobbs’ Fidenza collection. Tyler Hobbs, the artist behind the popular generative NFT series Fidenza has slammed a Solana-based project for utilizing his code to produce knock-off artworks without his approval. The Fidenza series is a curated drop of 999 NFTs on Art Blocks — an Ethereum-based platform that creates and hosts tokenized computer generated artworks. Hobbs wrote code that generates unique art pieces using the randomized transaction hash of the buyer's transaction as input. Fidenza #313 Hobbs sold the 999 works originally for $400,000 and has since made more than $4 million in commissions as they were sold on. Now his code has been used without permission to generate art for an NFT project called “SolBlocks.” Hobbs fired a salvo at the team after it announced a tokenized art drop using his code on Sept. 15. 2/ The first generative algorithm we will launch in SolBlocks Serie...
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There's a Bitcoin boom among Baby Boomers reports BTC Markets

Crypto asset investing has become more popular with Aussie boomers according to the country’s largest exchange. Australian cryptocurrency exchange BTC Markets has observed a significant uptick in older clients using its platform over the past financial year. More older Australians are viewing crypto assets as viable investments according to the data provided by one of the country’s oldest and largest exchanges. In its annual Investor Report, BTC Markets — which started in 2013 — reported a 15% increase in the number of investors over 65. Thed they are also the group making the largest deposits. Baby Boomers , which are classified as those born between 1946 and 1964, now comprise 5% of the platform’s estimated 325,000 customer base. BTC Markets CEO Caroline Bowler proclaimed that “young male traders have relinquished their monopoly on crypto,” as the boomer growth figure was the second-highest after the 18 to 24 age range. More than a quarter of the exchange’s customers are inves...
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Aussie crypto fund manager sentenced to 7 years for stealing $54M from investors

A fund manager has been sentenced to more than seven years in prison for operating a Ponzi scheme that cheated investors out of $54 million. Stefan He Qin, the founder of two cryptocurrency hedge funds has been sentenced to more than seven years in prison after U.S. authorities found that he cheated investors out of $54 million, A Sept. 15 statement from the U.S. Department of Justice (DoJ) announced that U.S. District Judge Valerie Caproni handed Qin a 90 month sentence for defrauding his investors out of $54 million. The 24-year-old Australian owned and operated two cryptocurrency investment funds between 2017 and 2020 — Virgil Sigma and VQR, the latter of which was founded in February 2020. Despite Virgil Sigma claiming to invest clients’ assets in cryptocurrency arbitrage strategies , the DoJ found that Qin had embezzled investor capital from the fund to pay for personal expenses including food, rent, and private investments since 2017. To avoid arousing suspicions among his...
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US Senator Warren Presses SEC to Address Crypto Exchange Outages, High Transaction Fees, Financial Inclusion

At the U.S. Senate Banking Committee hearing Tuesday, Senator Elizabeth Warren called on the chairman of the Securities and Exchange Commission (SEC), Gary Gensler, to increase oversight of cryptocurrency. She brought up several problems she associates with cryptocurrency that could hurt small investors. Senator Elizabeth Warren Says ‘There’s a Whole List of Problems With Crypto’ U.S. Senator Elizabeth Warren questioned U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler about several issues regarding cryptocurrency at the Senate Banking Committee hearing Tuesday. The senator from Massachusetts began by noting that last Tuesday, “In a matter of hours, $400 billion in market value disappeared.” She then pointed out that as the prices of cryptocurrencies tumbled, “several of the biggest crypto exchanges had outages, which kept customers from making withdrawals or trades.” Questioning how this affects small retail investors, “who don’t have a lot of money to lose,” Wa...
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Coinbase applies to trade crypto futures

If Coinbase gets approval from the National Futures Association, it will then need to register with the Commodity Futures Trading Commission to get the green light. Top U.S. crypto exchange Coinbase has submitted an application to become a registered Futures Commission Merchant (FCM) with the National Futures Association (NFA). Details are sparse, but according to the NFA website the pending application was submitted on Sept. 15 under the name “Coinbase Global Inc.” Coinbase highlighted the move via Twitter on Sept. 16 and stated that “this is the next step to broaden our offerings and offer futures and derivatives trading on our platforms. Goal: Further grow the crypto economy.” If Coinbase becomes an approved FCM member under the NFA, the firm will then need to register with U.S. derivatives regulator the Commodity Futures Trading Commission to get the green light. Related: President Biden announces picks to fill CFTC vacancies The crypto derivatives markets dwarf the size...
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Hedera Hashgraph rallies 150% in a week as its ecosystem expands

New partnerships, NFT integration and a market-wide surge in altcoin prices back HBAR’s recent 150% rally. Real-world adoption and blockchain integration is the ultimate goal of any serious fintech protocol looking to offer workable solutions to some of the biggest challenges in finance and data transmission. Hedera Hashgraph, a public network that uses a distributed ledger technology known as Hashgraph to increase scalability and lower transaction costs. HBAR/USDT 4-hour chart. Source: TradingView Two of the main reasons for the recent rise in HBAR include a growing list of ecosystem partners and the introduction of NFT minting capabilities to the network. Hedera partnerships expand HBAR's availability The Hedera partnership program is an offshoot of the Hedera community that aims to roll more integrators, technology partners and enterprise applications to Hedera’s blockchain. A scroll through the project's Twitter feed shows that the partnership program lured new pa...
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Bridgewater’s Ray Dalio Warns Regulators Will Kill Bitcoin If the Crypto Becomes ‘Really Successful’

Ray Dalio, the founder of the world’s largest hedge fund, Bridgewater Associates, believes that if bitcoin is “really successful,” the regulators will “kill it,” reiterating his previous concerns of governments banning cryptocurrencies. Nonetheless, he sees bitcoin as a good alternative to cash and owns some. Billionaire Hedge Fund Manager Ray Dalio Warns of Regulators Killing Bitcoin Ray Dalio warns about regulators coming after bitcoin if the cryptocurrency gains mainstream success at the SALT conference in New York Wednesday. Dalio currently serves as Bridgewater Associates’ chairman and co-chief investment officer. His firm’s clients include endowments, governments, foundations, pensions, and sovereign wealth funds. Referring to bitcoin, the Bridgewater boss said: I think at the end of the day if it’s really successful, they will kill it, and they will try to kill it. I think they will kill it because they have ways of killing it. This was not the first time Dalio warned ab...
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Solana Restarts Mainnet, SOL Users Complain, Dev Says Network Stall Not Similar to ETH in 2016

The blockchain network Solana had issues processing blocks on September 14 and according to a status report on September 15 at 2:01 a.m. (EST), the Solana validator community “successfully completed a restart of Mainnet Beta.” Solana Validators Restart Mainnet Beta Solana is now a member of the club of blockchains that have stalled for several hours stopping people from sending SOL transactions, using decentralized apps (dapps), and troubling block explorers and wallets with significant issues. During the early morning hours on Wednesday, following Solana’s block production stall on Tuesday, the “Solana Status” Twitter account gave the community an update. The official Solana Twitter page also retweeted the Solana Status tweet. “The Solana validator community successfully completed a restart of Mainnet Beta after an upgrade to 1.6.25,” Solana Status explained . “Dapps, block explorers, and supporting systems will recover over the next several hours, at which point full functionali...
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Sovryn Lists on AscendEX

PRESS RELEASE. AscendEX is thrilled to announce the listing of the Sovryn token (SOV) under the trading pair USDT/SOV on Sept. 15 at 1 p.m. UTC. Sovryn is a Bitcoin-based decentralized finance (DeFi) protocol launched in early 2020. The Sovryn platform provides the tools to trade, lend, and leverage Bitcoin and other assets permissionlessly, secured by the Bitcoin Blockchain with minimal gas fees. Their platform features a trading interface uniquely designed for Bitcoin-native DeFi users with no transaction limits and support for multiple assets to trade. Sovryn aims to connect Bitcoin with the entire crypto ecosystem, while maintaining high-level security and the flexibility of smart contracts. Sovryn set a vision to “create an open, fair, and transparent financial operating system for the world,’ Building upon that vision, the platform provides an opportunity for their users to have a say in their financial decisions, with little or no external control or oversight while keepi...
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Bitcoin bulls look to profit from Friday’s $195M BTC options expiry

$810 million in BTC options expire this Friday, and derivatives data suggests bulls are keen to push the price through the $50,000 level. Over the past ten days, Bitcoin ( BTC ) price tested the $44,500 resistance on multiple occasions, and this marked a 16% drawdown from the previous week's $53,000 local top. Not even the $3.4 billion long futures contracts liquidations that occurred on Sept. 7 while BTC dropped by 18.7% was enough to eliminate bulls' optimism, according to options markets data.  Bitcoin price at Coinbase in USD. Source: TradingView If historical data plays any role in the price of Bitcoin, the month of September presented negative performances in four of the previous five years, and BTC finished August trading at $47,110. Regardless of the price, adoption by institutional investors has been growing at a steady pace. On Sept. 13, Morgan Stanley , one of the largest banks in the United States, appointed a lead cryptocurrency analyst for its dedicated cr...
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Ground Reports Concerning Salvadoran Bitcoin Law Highlight False Narrative Painted by Influencers

On Tuesday, Bitcoin.com News spoke with Marc Falzon, an individual who has been documenting the bitcoin rollout in El Salvador since the law was implemented on September 7. Falzon says that there are a number of issues that no one is talking about in regard to the bitcoin law and the Chivo wallet, a government-crafted bitcoin wallet. One specific issue is the fact that Chivo wallet users cannot spend less than $5 when using the app. Marc Falzon: Reporting on the Bitcoin Situation in El Salvador from the Ground On September 7, 2021, El Salvador implemented the bitcoin tender law and now both bitcoin ( BTC ) and the U.S. dollar are legal currencies in the country. There’s been a lot of controversy surrounding the rollout and one survey shows that a majority of Salvadorans were not content with the new law. There was even a street protest and Salvadoran citizens took to the streets to object against the new law. Marc Falzon recorded a protest on his drone and when he uploaded the re...
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Protesters burn Bitcoin ATM as part of demonstration against El Salvador president

The Chivo machine could be seen defaced with anti-BTC logos and a sign saying “democracy is not for sale.” Bitcoin detractors and those protesting the policies of El Savador President Nayib Bukele have destroyed a crypto kiosk in the nation’s capital city. News outlet Teleprensa and others posted videos on social media showing a Chivo-supported kiosk in San Salvador burning amid a crowd of journalists and protesters on Wednesday. The Bitcoin ( BTC ) machine, one of many arranged by the El Salvador government since its acceptance of the cryptocurrency as legal tender in the country, could be seen defaced with anti-BTC logos and a sign saying “democracy is not for sale.” Los manifestantes quemaron el kiosko Chivo como medida de protesta contra el #Bitcoin . Vía @Luis33Tv #Teleprensa33 #Nacionales pic.twitter.com/XlacUWCPNN — Teleprensa (@Teleprensa33) September 15, 2021 San Salvador Mayor Mario Durán said city workers had pulled out of the area after receiving threats but p...
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Price analysis 9/15: BTC, ETH, ADA, BNB, XRP, SOL, DOT, DOGE, UNI, LUNA

Buyers continue to scoop up Bitcoin and altcoins on dips, a signal that there is strong demand at lower levels and that bullish momentum is building. Bitcoin ( BTC ) is leading the recovery in the crypto sector and the cryptocurrency briefly rallied to $48,429 on Sept. 15, before pulling back to test the underlying support levels. While speaking during a live stream at the SALT conference, Ark Invest CEO Cathie Wood said that Bitcoin is the default currency of the crypto space and could rise tenfold in the next five years . Her projection is based on the presumption that Bitcoin will find a place in the balance sheets of many companies and institutional investors will increase their allocation to Bitcoin and other cryptocurrencies to about 5%. Several legacy finance companies have realized the growing demand for digital assets and are increasing their crypto offerings to fulfill that demand. Morgan Stanley recently set up a new crypto-focused research division “in recognition of ...
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