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Showing posts from November 16, 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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Tezos NFT Market Hic et Nunc Returns After Founder Steps Back, Begins Transition to DAO

Last week, the popular Tezos-based non-fungible token (NFT) marketplace Hic et nunc discontinued its services following the market’s rise into the top twenty NFT marketplaces by sales volume. After the market’s founder Rafael Lima stepped back, the community decided to take the project into their own hands and has begun transitioning Hic et nunc into a decentralized autonomous organization (DAO). Tezos Community Bands Together Around NFT Marketplace Mirror On November 14, Bitcoin.com News reported on the Tezos fueled NFT marketplace Hic et nunc shutting down its services. At the time, Hic et nunc’s founder Rafael Lima explained on Twitter that Hicetnunc.xyz was now “discontinued.” The founder’s Twitter handle “ @hicetnunc2000 ” also left a message on social media that shared the market’s smart contract address. At the time, users were extremely confused about the situation and speculation started to rise. Days later, it seems the Hic et nunc has banded together around a clone o...
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How to Sell Items With Crypto? Ethair Market Offers Users Ebay/Etsy Alternative

The beta version of Ethair Market that launched on Monday, November 8th allows sellers to list their items early and get buyers acquainted with the site before their full release. Ethair has no listing fees and is currently available in the U.S & Canada, soon expanding to the other continents. In an effort to entice sellers, Ethair is currently running a giveaway for the first 1,000 sellers to sign up and list an item on the platform. Out of the 1000 entries 10 sellers will be randomly chosen to win $500 each, and have their item displayed in the ‘Featured Listings’ carousel on the home page. Giveaway runs until January 31st, 2022. What makes Ethair special? Ethair Market is focused on improving user’s e-commerce experiences. The platform natively supports transactions made with both cryptocurrency and traditional fiat. Combined with low fees, no insertion costs and plans for future crypto additions, the platform is working hard to stand out from the competition. Ethair offer...
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VeChain upgrades to Proof of Authority 2.0 consensus mechanism

The latest consensus mechanism upgrade is expected to improve several aspects of the network’s security and key operations while making it even more environmentally friendly. Supply chain tracking network VeChain has just upgraded its consensus mechanism to what it claims is the “world’s greenest” method of verifying blocks on the chain. On Nov. 16, VeChain reached a milestone in its six-year history by upgrading its VeChainThor mainnet to the first phase of the Proof of Authority (PoA) 2.0 SURFACE consensus algorithm. VeChain is a supply chain tracking system that launched in 2015 and combines physical tracking with blockchain record keeping. PoA and Proof of Stake (PoS) differ from Proof of Work (PoW) in that they do not require mining to reach network consensus. PoA achieves consensus by verifying users’ identities, while PoS does this by staking coins in the network. The VeChain network runs with only 101 nodes. Fewer nodes reduce decentralization but increase the speed and ...
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Investment Manager Expects Governments to Clamp Down on Bitcoin, Warns of ‘Intense’ Crypto Regulation

The founder and chief investment officer of Hayman Capital Management, Kyle Bass, has warned that governments will start to really clamp down on bitcoin. He predicts that “intense” crypto regulation will come out of the U.S. Treasury and the Internal Revenue Service (IRS) next year. Fund Manager Expects ‘Intense’ Crypto Regulation Next Year Kyle Bass, founder and chief investment officer of Hayman Capital Management, talked about bitcoin and the outlook for cryptocurrencies in an interview on the Investor’s Podcast Network, published Saturday. Bass is a hedge fund manager who made winning bets on subprime loans in 2007. While acknowledging that “Millennials love private crypto” and “people like to think it’s a perfect substitute or a great substitute for gold and/or an inflation protector,” Bass said: I tend to think that you’re going to see authoritarian governments and Western democracies alike start to really clamp down on bitcoin. He referenced China which has been crackin...
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A quarter of Aussie crypto users plan to buy crypto Christmas gifts: Survey

Crypto under the Christmas tree? A recent survey found that more than a quarter of Aussie crypto users plan to buy crypto-centric gifts this festive season. More than a quarter of Australian crypto users surveyed in October plan to use digital assets as a part of their Christmas presents this holiday season. The survey by crypto wallet and services provider Crypto.com polled 2,020 Australians aged 18-59. Of those that had used crypto over the past 12 months, 26% responded that they would consider giving some away for Christmas or buying crypto-related gifts. More than half, or 53% of those planning to buy crypto gifts, said they would consider purchasing crypto assets, like Bitcoin ( BTC ) or Ethereum ( ETH ) for their loved ones this Christmas. The survey also found that crypto merchandise such as themed socks or hoodies might be popular gifts this holiday season as 43% of those planning to buy crypto-centric gifts said they were looking for these items. Around 42% said they we...
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Sandbox Metaverse Alpha launches Nov. 29 after four years in development

SAND prices have surged to a new all-time high as The Sandbox announces its highly anticipated play-to-earn metaverse event. Animoca Brands' virtual property and gaming firm The Sandbox is opening up part of its Metaverse to players for the first time via a multi-week play-to-earn (P2E) Alpha event. But only a handful of lucky players will get to enjoy the full experience. Sandbox’s virtual gaming world enables users to monetize their time spent in the Metaverse via a play-to-earn model. Players can purchase land and create NFTs within the game, and earn the Sandbox token (SAND) by completing various quests. They can also stake the token. According to a Nov. 17 announcement from the firm, the event will start on Nov. 29 at 1 pm UTC and will run until December 20. A select group of just 5000 users will have the chance to earn up to 1,000 SAND (worth around $3,500 at current prices) and three exclusive NFTs via time spent across 18 experiences developed by The Sandbox teams. ...
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Ripple Proposes ‘Real Approach to Cryptocurrency Regulation’

Ripple has published a proposal for a regulatory framework for cryptocurrencies called “A Real Approach to Cryptocurrency Regulation.” CEO Brad Garlinghouse explained that his company’s “proposed policy framework is a three-pronged approach of what can be done now,” noting that it is t he result of Ripple’s “direct interactions with regulators and bipartisan policymakers.” Ripple’s ‘Real Approach to Cryptocurrency Regulation’ Ripple published a proposed regulatory framework for cryptocurrencies Tuesday. The proposal is the company’s “vision for how existing financial regulatory frameworks can be used to advance innovation and enhance consumer and market protections,” Ripple detailed, elaborating: Today, we were proud to release our vision for ‘A Real Approach to Cryptocurrency Regulation,’ a framework designed to offer an immediate and pragmatic approach to cryptocurrency and digital asset regulation in the United States. The company explained that it believes “the best public p...
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VanEck Bitcoin Strategy ETF launch day volume a fraction of BITO's

Lower volumes compared to ProShares were expected, but Van Eck hopes its lower fees can give it an edge over competitors. The VanEck Bitcoin Strategy ETF (XBTF) closed its first day of trading on Nov. 16 with "respectable" trading volume, but one that pales in comparison to similar launches. Bitcoin futures ETFs provide investors exposure to potential future prices of Bitcoin without forcing them to hold any Bitcoin themselves. At market close on the Chicago Board of Exchange (CBOE),  XBTF had accumulated around $9.5 million in assets under management (AUM), and saw around $4.6 million in daily trading volume according to investing.com . This is just a fraction of the first-day trading volume of $1 billion the ProShares Bitcoin Strategy (BITO) enjoyed on Oct. 19 on NYSE. BITO has since reached the top 2% of all ETFs by total trading volume. Tommy Horan, Head of Corporate Partnerships at Australian exchange Swyftx said that it had been a “pretty subdued launch but Van...
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Binance Calls for Global Crypto Regulation While Launching ‘Crypto Is Evil’ Ad Campaign

Cryptocurrency exchange Binance has called for “global regulatory frameworks for crypto markets.” The company has also launched a “Crypto Is Evil” ad campaign featuring “10 Fundamental Rights for Crypto Users.” Binance Pushes for Global Crypto Regulation, Introduces ‘Crypto Is Evil’ Ads Cryptocurrency exchange Binance called for “global regulatory frameworks for crypto markets” Tuesday with a publication of “10 Fundamental Rights for Crypto Users” and several crypto ads in major newspapers. The 10 Fundamental Rights for Crypto Users “can serve as a guiding hand in regulatory discussions and development of global frameworks for crypto markets,” the company explained. The exchange believes that they “will serve as a guiding point to launch more productive conversations with the larger industry, including other exchanges, blockchain innovators, policymakers and world leaders.” Noting that “The future of crypto needs to be user-focused,” Binance detailed: The customer rights, as des...
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Miramax sues Tarantino over 'money grab' Pulp Fiction NFTs

The film production company behind Pulp Fiction called Quentin Tarantino’s plans to make NFTs based on the film a “deliberate, premeditated, short-term money grab.” Production company Miramax has filed a lawsuit accusing director Quentin Tarantino of copyright infringement for selling NFTs derived from his blockbuster 1994 film, Pulp Fiction . On Nov. 2, Tarantino announced he would be tokenizing seven uncut screenplay scenes for the critically-acclaimed film as nonfungible tokens in December 2021. The NFTs will be built on the Secret Network , a layer one blockchain. Each of the tokens would feature “the uncut first handwritten scripts of “Pulp Fiction” and exclusive custom commentary from Tarantino, revealing secrets about the film and its creator.” Miramax owns the rights to the director’s classic edition of Pulp Fiction. In the suit filed on 16 Nov in the Central District of California. it claimed that, “Tarantino kept his Pulp Fiction NFT plans secret,” and that the annou...
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Traders watch for a trend reversal after Ethereum price drops to $4,100

ETH’s 13% drop to $4,100 led to $200 million in futures liquidations, but pro traders still have reason to stay long and strong. Ether ( ETH ) traders might have a few reasons to panic after today's 13% drop down to $4,100. The swift pullback appears to have broken a 55-day ascending channel that had a target at $5,500. Ether/USD price at FTX. Source: TradingView Those not worried about technical analysis will understand that the cryptocurrency's 3.4% daily volatility justifies the 10% negative price swing. Still, one should not disregard externalities such as the United States infrastructure bill approval on Monday. The legislation requires that digital asset transactions worth more than $10,000 are reported to the Internal Revenue Service. It remains unknown whether that will be applied to individuals and businesses developing blockchain technology and wallets. Furthermore, on Nov. 12, the United States Securities and Exchange Commission officially denied VanEck'...
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DOJ Selling Cryptocurrency Seized From Bitconnect Worth $56 Million

The U.S. Department of Justice (DOJ) is selling cryptocurrency worth $56 million that was seized from the “number one promoter” of Bitconnect, the largest crypto fraud scheme ever charged criminally. Investors were fraudulently induced to invest over $2 billion. The Bitconnect promoter faces a maximum penalty of 20 years in prison. US Selling Crypto Worth $56M Seized From Bitconnect’s ‘Number One Promoter’ The U.S. Department of Justice announced Tuesday that it is selling $56 million in seized cryptocurrency to compensate victims of the Bitconnect fraud scheme. The Justice Department noted that “The Bitconnect scheme is the largest cryptocurrency fraud scheme ever charged criminally.” U.S. District Judge Todd W. Robinson granted a request from the DOJ and the U.S. Attorney’s Office for the Southern District of California on Friday “for authority to liquidate approximately $56 million in fraud proceeds seized from the self-described ‘number one promoter’ of Bitconnect, a cryptocurr...
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NYDIG partners with Houston Rockets basketball franchise, plans to pay team in BTC

The deal seems to be part of a larger move for Rockets owner Tilman Fertitta, who is also the chairman and CEO of a restaurant group that recently launched a Bitcoin rewards program. The New York Digital Investment Group will be paying the National Basketball Association’s Houston Rockets franchise in Bitcoin as part of a partnership aimed at promoting crypto education and adoption. In a Nov. 16 announcement, the Houston Rockets said the New York Digital Investment Group, or NYDIG, would become the team’s official Bitcoin ( BTC ) services partner and platform. As part of the partnership, NYDIG is planning to name some of the Rockets’ premium seating at the Toyota Center in Houston the ‘Bitcoin Suites.’ The deal with the NYDIG seems to be part of a larger strategy for Rockets owner Tilman Fertitta, who is also chairman and CEO of Landry’s Restaurant Group. Last week, the company announced it would be introducing a BTC rewards program for its restaurants and is already rolling out ...
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Shopping.io Launches First Annual Crypto Tuesday

PRESS RELEASE. Shopping.io , an innovative crypto e-commerce platform, announces its first ever Crypto Tuesday event, taking place on Tuesday, November 30, 2021. Crypto Tuesday is the first-of-its kind discount event that happens online through the Shopping.io platform right after Black Friday and Cyber Monday. Shopping.io is an innovative way for consumers to shop for anything they want from Amazon, eBay, Walmart and Etsy using over 200+ Cryptocurrencies with international shipping. For this Crypto Tuesday event, everything purchased through the Shopping.io platform will have up to a 50% discount. How Does it Work? To participate in the event, users will need to make an account on the platform (Also a free account is available). For the Crypto Tuesday event, users will be able to spin the Fortune Wheel at check out and win 5% to 50% off their shopping cart. Users can shop for anything they want from Amazon, eBay, Walmart, Home Depot, and Etsy using the platform, and pay using ...
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Mt. Gox rehabilitation plan is now 'final and binding'

Nobuaki Kobayashi implied in October the "final and binding" ruling was the last major hurdle in the compensation process, hinting users who filed claims could receive the funds fairly quickly. The rehabilitation plan to compensate creditors from the now-defunct crypto exchange Mt. Gox is now finalized following confirmation from a Japanese court. According to a Nov. 16 announcement from Mt. Gox trustee Nobuaki Kobayashi, the rehabilitation plan originally filed in the Tokyo District Court in February is now “final and binding.” The confirmation order of the rehabilitation plan in Japan’s court system is one of the final steps in a long process starting with a 2018 petition to compensate creditors of the exchange, which collapsed in early 2014. Kobayashi said he would be in touch with “details of the specific timing, procedures, and amount” of repayments to creditors who had made claims in accordance with the approved plan. Though it’s unclear whether the payments will b...
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Polygon launches a zk-STARK scaling solution for DApp deployment

The move is expected to improve the validation process for DApps on the Polygon network. Polygon, a layer two scaling solution for Ethereum compatible blockchains, stated in a press release provided to Cointelegraph that it has launched its zk-STARK powered Miden Virtual Machine for the development of decentralized applications, also known as DApps . 1/7 We are proud to reveal the newest member of the Polygon family - Polygon Miden, an upcoming STARK-based, EVM-compatible Rollup! The project is led by @bobbinth , former Facebook's lead ZK researcher who led the development of Winterfell. A on why this is exciting... pic.twitter.com/5RqAJgnZlP — Polygon | $MATIC - We're hiring! (@0xPolygon) November 16, 2021 zk-STARK stands for zero-knowledge Scalable Transparent ARgument of Knowledge. In layman's terms, zero-knowledge technology allows one party to prove to another that they hold private information (such as a password) without revealing what that information is....
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IoTeX ‘MachineFi’ rebrand backs 200%+ rally to a new all-time high

IOTX price hits a new all-time high after the project shifts its focus to “MachineFi”, NFTs and decentralized finance. In the past 30 years, the growth of the internet and digital technology has transformed the way the world operates and now artificial intelligence and machine learning continue to shift the balance of power away from physical labor and more toward a future filled with automation and smart technology.  IoTeX (IOTX), a blockchain-based project focused on Internet of Things (IoT) devices and the future of machine learning in the workforce, aims to design an open ecosystem that facilitates interaction between people and machines, and over the past month, the project's IOTX token has rallied more than 200%. Data from Cointelegraph Markets Pro and TradingView shows that since hitting a low of $0.055 on Oct. 27, the price of IOTX has surged 377% to a new record high at $0.263 on Nov. 13 as its 24-hour trading volume spiked to a record $3.93 billion. IOTX/USDT 4-ho...
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Big Four Accounting Firm Deloitte Forges Partnership With Ava Labs to Leverage Avalanche Blockchain

On Tuesday, one of the Big Four accounting organizations, Deloitte announced a strategic partnership with Ava Labs, the team behind the blockchain network Avalanche. According to the announcement, Deloitte’s new cloud-based platform leverages Avalanche in order to “improve security, speed and [the] accuracy of Federal Emergency Management Agency reimbursements.” Deloitte to Utilize Avalanche Protocol to Enhance Newly Launched Close as You Go Platform During the last few years all four of the Big Four accounting networks, PWC, Ernst & Young (EY), KPMG, and Deloitte have been involved in blockchain consulting, research, and development. On November 16, Deloitte announced a strategic alliance with Ava Labs in order to “improve state and local governments’ recovery from natural disasters and public health emergencies.” The Avalanche blockchain will be leveraged to improve the firm’s new cloud-based solution. According to Deloitte, the company’s newly launched Close As You Go (CAY...
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Tether launches Synonym to boost Bitcoin adoption through Lightning Network

The new venture is pursuing hyperbitcoinization by combining the Lightning Network’s speed with the architecture of an open peer-to-peer platform. Synonym Software Ltd., a company founded by stablecoin issuer Tether Holdings Limited, officially launched on Tuesday, setting in motion a highly ambitious project to bring Bitcoin ( BTC ) transactions mainstream through an independent financial platform that utilizes the Lightning Network.  Synonym’s stated goal is to enable self-ownership and control of crypto assets by creating an open financial ecosystem that utilizes Bitcoin and the Lightning Network, the company announced Tuesday. CEO John Carvalho said “Hyperbitcoinization won’t magically happen on its own. In order to live in a world without big banks, oppressive regulations, or Big Tech presiding over our lives, we need a strategy and ecosystem to replace the legacy economy. That is where Synonym comes in.” The first protocol to be launched by Synonym is called Slashtags, an...
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US Justice Dept is selling $56M in crypto to compensate victims of BitConnect’s fraud

“This liquidation is the largest single recovery of a cryptocurrency fraud by the United States to date,” said the Justice Department. The United States Department of Justice is planning to sell $56 million worth of cryptocurrency seized in connection with its case against Ponzi scheme BitConnect. In a Tuesday announcement, the Justice Department said it would sell the seized crypto and hold the proceeds in U.S. dollars until it could use the funds to provide restitution to BitConnect victims. The U.S. government is currently holding the $56 million in crypto in wallets, and said the amount of compensation to those affected by BitConnect’s fraud would depend on a “future restitution order by the court at sentencing.” “This liquidation is the largest single recovery of a cryptocurrency fraud by the United States to date,” said the Justice Department, indicating that BitConnect was the largest cryptocurrency fraud scheme in the U.S. for which criminal charges had been filed. ...
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Ripple outlines possible regulatory framework for crypto industry in US

Innovation sandboxes, applying existing frameworks on crypto, and communication between the public and private sectors were included in Ripple's suggestions. Ripple, the company whose executives have often criticized the United States’ seeming lack of regulatory clarity on the cryptocurrency industry, has outlined its own “pragmatic” framework. In a Tuesday post on its website, Ripple released its vision for a regulatory framework aimed at advancing innovation while protecting investors in the United States. According to the firm, regulators need to be encouraged to promote innovation sandboxes, some of the existing frameworks in the U.S. can be applied to cryptocurrencies and there should be “an active dialogue between regulators and market participants.” Ripple advocated for the proposed measures as a way to provide regulatory clarity to all in the crypto space “in a way that an ad hoc, regulation-by-enforcement approach simply cannot.” According to CEO Brad Garlinghouse, th...
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As the Dollar’s Purchasing Power Drops, Janet Yellen Stresses ‘Pandemic Calls the Shots’ for the Economy, Inflation

Inflation has continued to make the price of goods and services in America rise as the U.S. dollar’s purchasing power is not what it used to be. Meanwhile, the Obama administration’s former economic advisor, Larry Summers, recently told the press that “We’re going to see inflation of a kind we haven’t seen in 30 years.” Despite the gloomy forecasts, the White House doesn’t believe these predictions and U.S. Treasury secretary Janet Yellen is blaming inflation on the Covid pandemic. Former Economic Advisor for Obama Predicts Red Hot Inflation Will Rise Higher — White House Rejects Idea Infrastructure Funds Will Keep Inflation Going Americans are forking over more and more dollars to pay for gas, rent, homes, food, healthcare supplies, medicine, vehicles, and more, ever since the U.S. government expanded the money supply like at no other time in history. President Joe Biden seems to think that the trillion-dollar infrastructure bill will help alleviate inflation even though economis...
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