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FTX Roundup: SBF Gives Interview, Missing Funds Move, and Politicians Return Donations

by Cedric Snyder

Collapsed exchange FTX was the subject of various developments today. Key Takeaways In a conversation published today, FTX CEO Sam Bankman-Fried discussed his actions during FTX's collapse. 255 BTC ($4.2 million) of funds taken from FTX were appear to have been deposited on crypto exchange OKX. BlockFi's bankruptcy proceedings revealed that the firm has $355 million frozen on FTX. Weeks after its collapse, FTX remains a focal point of the crypto news cycle. SBF Interview Leaked FTX CEO B

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Binance Commits $1B to Crypto Industry Recovery Fund

by Lynn Cohen

The company is launching an Industry Recovery Initiative with help from other firms. Key Takeaways Binance has announced its Industry Recovery Initiative, a $1 billion fund to help crypto companies in need. Other companies including Polygon Ventures and Animoca Brands have also contributed $50 million. Binance's plan comes after the collapse of FTX and that event's detrimental effect on the crypto industry. Binance said today that it is committing $1 billion to help companies in the cryp

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Senators Demand Investigation Into FTX

by Arctic Black Belt

Senators Warren and Whitehouse have asked the DOJ to take action. Key Takeaways Senators Elizabeth Warren and Sheldon Whitehouse asked the Department of Justice to investigate FTX today. In a letter, they outlined FTX's failures and highlighted the effects of its collapse on retail investors. Warren has made various other statements concerning FTX this month in the aftermath of its collapse. Senators Elizabeth Warren and Sheldon Whitehouse have demanded an investigation into FTX’s failu

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How Edward Snowden Became a Crypto Star 

by Danny Cardenas

Key Takeaways Edward Snowden is America's most famous whistleblower. Crypto fans, however, have come to see the ex-intelligence consultant as one of them. Increasingly active on Crypto Twitter, Snowden's comments hint at deep familiarity with the space and its culture. Edward Snowden has been active on Crypto Twitter over the past few months, possibly indicating a deep involvement in the space. Edward Snowden and Crypto  When Edward Snowden leaked classified documents from the Nation

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2022 in Review: the Top 10 Crypto Villains of the Year

by Danny Cardenas

Key Takeaways Several ego-driven crypto personalities suffered huge falls from grace in 2022. Terra's failure exposed some of the crypto ecosystem's biggest villains. Policymakers and scammers also harmed the space this year. SBF, Kwon, 3AC, and more: 2022 was a packed year for crypto villains.  The Crypto Villains of the Year  The Crypto Briefing editorial team puts a lot of thought into our end-of-year lists. There are often disagreements on who should feature and we end up sp

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Proof of Reserves: A Trust Standard for Centralized Exchanges

by Joel Richards

Key Takeaways The recent FTX liquidity crisis highlighted the need for the industry to mature, and find solutions to improve transparency. Many exchanges have adopted Proof-of-Reserves, a method that uses cryptography to confirm possession of sufficient assets to cover liabilities. Phemex, one of the leading exchanges in the crypto industry, recently released its Proof-of-Reserves, liabilities and solvency. The recent collapse of FTX , one of the industry’s largest and most trusted c

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BlockFi Files for Bankruptcy

by A.I. Guerrilla Marketer

The decision comes just two weeks after BlockFi's suspension of user withdrawals. Key Takeaways BlockFi has filed for Chapter 11 bankruptcy protection and will attempt to restructure its operations. The firm owes money to more than 100,000 creditors and has liabilities between $1 billion and $10 billion. BlockFi initially suspended user withdrawals on November 11 in response to FTX's collapse. Crypto lending firm BlockFi has filed for Chapter 11 bankruptcy after suspending user payouts ea

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2022 in Review: the Top 10 Crypto Memes of the Year

by Mark Velazquez

Key Takeaways Despite the bear market, it was another big year for memes in crypto. Some of the most enduring memes of the year were born out of the biggest catastrophes in the space. Crypto Twitter served as an entertaining hub for memes to go viral within the community. It turns out that crypto bear markets provide fertile ground for memes to flourish. The Crypto Memes of the Year 2022 has been a brutal year. It started on a downward trend as markets corrected from their astronomical

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2022 in Review: the Top Five NFT Drops of the Year

by Mark Velazquez

Cover artwork: Moonbirds, goblintown.wtf, Memories of Qilin (edited by Mariia Kozyr) Key Takeaways The NFT market experienced a slump with the rest of crypto in 2022, but some collections stood out from the pack. Yuga Labs' Otherside mint raised a record-breaking $310 million in April. Generative artists like Emily Xie and Tyler Hobbs helped push the scene forward. Several NFT collections stood out from the pack against adverse conditions as the market returned to earth this year. 

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2022 in Review: the Top 10 Heroes of the Year

by CEES STAPEL

Key Takeaways Several members of the crypto community emerged as heroes even as the market suffered a sharp decline in 2022. Key industry figures took action against the Treasury Department’s move to sanction Tornado Cash. Ethereum's core developers made a major contribution to the ecosystem in shipping “the Merge.” While villains dominated crypto throughout this year, the industry benefited from the efforts of a few heroes.  The Crypto Heroes of 2022  Where do we start? After

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FTX, Bankman-Fried Will Face Congressional Hearing in December

by Mike Barr

The U.S. House Financial Services Committee will hear testimony from FTX, Alameda Research, Binance, and others. Key Takeaways The U.S. House Financial Services Committee will hold a hearing on the collapse of FTX in December. It will seek testimony from former FTX CEO Sam Bankman-Fried, Alameda Research, Binance, and FTX itself. With over one million victims and counting, the FTX scandal is the largest crypto-related fraud in history. Lawmakers in the United States have announced that t

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Genesis Probed by Alabama State Regulator

by Rich

The Alabama Securities Commission and other regulators have begun an investigation into Genesis Global Capital, which suspended redemptions in the wake of the FTX crisis. Key Takeaways The Alabama Securities Commission and other state regulators are investigating Genesis Global Capital. The investigation focuses on Genesis' relation to retail investors and connections between crypto firms. Genesis Global Capital suspended redemptions on November 16, leaving customers unable to access their

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U.S. Regulators May Face Scrutiny Over FTX Links

by Rich

Photo credit: Melissa Alcena/Bloomberg; Shutterstock background by cowardlion. Key Takeaways FTX's collapse has raised suspicions about why regulators could not see the fraud coming. FTX filled key positions with former regulators with ties to both the Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC). Critical momentum is gathering against Sam Bankman-Fried and those caught in his orbit. FTX’s ties to political and regulatory figures—especial

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MetaMask Could Soon Launch Its Token Airdrop. Here’s How to Prepare

by Faraz Buck

Key Takeaways MetaMask seems to be moving toward decentralization, which could suggest that an airdrop is on the horizon. Using MetaMask in different ways and interacting with ConsenSys-linked projects could help increase your chances of qualifying for the airdrop. Swapping tokens on MetaMask and using the wallet's new bridge are two activities that could lead to an airdrop in the future. Crypto Briefing looks at the various steps MetaMask users can take to boost their chances of qualif

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Binance Mulls FTX White Knight Role—What Comes Next?

by Adult Coloring Curator

Key Takeaways Binance has reportedly shown interest in acquisitions of both Voyager Digital and Genesis' loan assets as the FTX crisis continues. FTX made efforts to play white knight for the industry over the summer but went bankrupt thanks in large part to a bank run that Binance CEO Changpeng "CZ" Zhao kickstarted last week. While the FTX saga has claimed thousands of victims who may never recoup their funds, CZ has said that he thinks the industry can move forward from the incident.

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Edward Snowden, Elon Musk Optimistic About Bitcoin Despite FTX Collapse

by DIY Mechanic

Two of Bitcoin’s most famous advocates, Elon Musk and Edward Snowden, took to Twitter today to express their faith in the cryptocurrency’s future. Key Takeaways Edward Snowden stated on Twitter today that he wanted to increase his exposure to Bitcoin. Elon Musk similarly expressed optimism towards the top cryptocurrency’s fate. Their comments come as the financial industry as a whole reels from the impact of FTX’s implosion. Edward Snowden and Elon Musk believe Bitcoin will be fi

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Bahamas Government Says It Ordered SBF to Hack FTX

by Shania Zen

The Securities Commission of The Bahamas has confirmed it ordered Sam Bankman-Fried to transfer the exchange's assets to the government. Key Takeaways Sam Bankman-Fried conducted last week’s nine-figure FTX hack under the instruction of the Securities Commission of The Bahamas. FTX has filed a motion with the court claiming the Commission’s actions were “unauthorized.” The Bahamian government is now one of the world’s biggest Ethereum holders after converting FTX’s assets.

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FTX Contagion is Spreading. Here’s How to Keep Your Crypto Safe

by Occult Curator

Key Takeaways FTX collapsed last week, shaking the crypto community’s faith in centralized custodians. Holding crypto in self-custody helps users reduce exposure to risky third parties and mitigate the risk of losing funds in a collapse. Cold storage wallets are widely regarded as the safest way to store crypto assets. Crypto investors have been reiterating the importance of storing coins in self-custodial wallets since the collapse of FTX. But self-custody can be intimidating, which is

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FTX Contagion: Genesis and Gemini Hit in Crypto Chaos

by Trump Daddy

The market turmoil created by FTX’s monumental meltdown is spreading throughout the crypto industry.  Key Takeaways Genesis has paused its crypto lending business, citing “extreme market dislocation” caused by FTX's collapse. Crypto exchange Gemini has also halted withdrawals from its Earn program. The news of the FTX contagion has weighed on the crypto market. Genesis Global Capital has temporarily suspended redemptions and new loan originations following the spectacular collap

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Vitalik Buterin Will Help Binance Prove Its Reserves, CZ Says

by Mike Barr

Key Takeaways Binance CEO Changpeng “CZ” Zhao has reiterated the importance of transparency in the cryptocurrency industry following FTX's collapse. He has confirmed that Vitalik Buterin will create a “proof-of-reserves” protocol that will initially be tested by Binance. Zhao explained that Binance operates in a different way to FTX but admitted that crypto exchanges are “inherently quite risky businesses.”  CZ shared his reflections on the FTX collapse on a Twitter Spaces

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Genesis Sought $1B Loan Before Halting Redemptions

by Rich

The company failed to obtain emergency funds before suspending withdrawals. Key Takeaways Genesis reportedly sought a $1 billion emergency loan before it suspended withdrawals this week. The Wall Street Journal obtained an internal document to that effect and reported the news today. Genesis has denied the document's relevance and stated that it is in positive discussions with investors. Early this week, crypto lending firm Genesis sought a $1 billion emergency loan from investors without

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Is Justin Sun About to Bail Out FTX? TRON Boss Swoops in as SBF Faces Ruin

by Coy Buckley

Cover artwork: Steven Ferdman/Getty Images, Bloomberg, Shutterstock cover by Yurchanka Siarhei (edited by Mariia Kozyr) Key Takeaways TRON founder Justin Sun is reportedly looking at ways to help FTX. The news comes less than 24 hours after leading crypto exchange Binance backed out of a potential FTX bailout. FTX is also allegedly planning to raise money to plug the hole in its balance sheet per a leaked Slack post from CEO Sam Bankman-Fried. It comes after a new report has alleged tha

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BlockFi Halts Withdrawals Due to FTX Collapse

by Coy Buckley

The popular lending company is restricting user access to funds. Key Takeaways BlockFi has announced that it will halt withdrawals following uncertainty around FTX's financial standing. The company said that it will post updates on the situation, but that these updates will be infrequent. FTX and its various international counterparts have also limited user access to funds in recent days. Crypto lending service BlockFi has announced that it will suspend services due to FTX’s ongoing col

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FTX Fraud: Who Are Sam Bankman-Fried’s Biggest Victims?

by Coy Buckley

Key Takeaways The collapse of FTX is already going down as one of the most severe crypto-related frauds in history. Over the course of a week, Sam Bankman-Fried's carefully-curated empire was shattered along with his reputation. While it's not know how many have been hurt by the scam, we do know who some of the biggest victims are so far. FTX and its affiliated trading firm Alameda Research have been exposed. A November 2  CoinDesk  article revealing Alameda’s troubled finances put

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Crypto’s Volatile Week Continues as Inflation Softens to 7.7%

by Coy Buckley

Inflation has come in lower than expected at 7.7%. Key Takeaways Inflation has registered a 7.7% year-on-year increase in October. The figure is 0.2% less than the analyst expectation of a 7.9% increase. The crypto market has bounced on the news, but it still down significantly this week due to the ongoing FTX insolvency crisis. The Consumer Price Index declined by 40 basis points in October.  Inflation Cools to 7.7% U.S. inflation has declined for the fourth consecutive month. 

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LBRY Token Ruled a Security in Case Brought by SEC

by Coy Buckley

The video platform failed to defend itself against the regulator's allegations. Key Takeaways The crypto-powered video sharing platform LBRY lost its case against the U.S. SEC today. The court ruled in favor of the SEC's claim that LBRY offered its LBC token as an unregistered security. Along with Kik and Ripple, LBRY is one of just a few crypto projects to fight the SEC over such charges. The crypto-powered video platform LBRY has lost a case against the SEC, making its native asset a se

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Aptos Airdrop Season Is Coming. Here’s How You Can Profit

by Coy Buckley

Key Takeaways Hundreds of projects have launched or announced their release on Aptos, and many are rumored to be planning airdrops. The best way to capitalize on Aptos airdrop season safely is to use as many applications on the network as possible. We've created a short step-by-step guide to help readers get in on airdrops from Aptos projects that are rumored to launch them. In crypto, new network launches are typically followed by airdrop seasons. These “seasons” are periods when all

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Sam Bankman-Fried “Set Off My Bullshit Detector”: Elon Musk

by Coy Buckley

Elon Musk joined a Twitter Spaces call with the crypto community to share his thoughts on disgraced FTX founder Sam Bankman-Fried early Saturday. Key Takeaways Elon Musk has revealed that he thought there was "something wrong" with Sam Bankman-Fried when he was first introduced to him ahead of his Twitter buyout. Musk urged crypto users to take custody of their assets in the wake of FTX's blowup. The FTX saga has evolved quickly over the past few days, with a major hack hitting the excha

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Binance’s FTX.com Acquisition Plunges Market Into Chaos

by Coy Buckley

Key Takeaways Binance's planned acquisition of FTX has sent markets into turmoil. Tokens backed by FTX and Alameda Research and suffering acutely from the news, especially FTT, which is down about 80% at the time of writing. The news has sparked fears of contagion, the potential extent of which is still unknown. The crypto market is coming to grips with the prospect that FTX being acquired by Binance could mean that Sam Bankman-Fried’s exchange and its close collaborator, Alameda Resear

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Solana News Can’t Help SOL Soar. What’s Next for the High-Speed Layer 1?

by Coy Buckley

Key Takeaways Solana made a number of big announcements at Breakpoint this weekend, but SOL failed to react. Solana has faced many challenges over crypto winter, including ongoing outages and a decline in DeFi activity. While Solana has issues to overcome and competition to face, it remains one of crypto's strongest and most promising ecosystems. Solana is one of several Layer 1 networks to have suffered in the enduring crypto winter. But sunny skies could return, Chris Williams writes. 

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Binance to Acquire FTX.com

by Coy Buckley

A series of rumors and public spats has culminated in a takeover of the world's second-largest crypto exchange. Key Takeaways Binance is set to acquire FTX.com after rumors of financial troubles sparked a bank run on the world's second-largest exchange. The deal has been struck after days of public sparring between the two CEOs. Bankman-Fried's firms, FTX and Alameda Research, were rumored to be facing financial crises since Friday, when an Alameda balance sheet was leaked showing much of i

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FTT Tanks 28% as FTX Exchange Struggles to Process Withdrawals

by Coy Buckley

Rumors that the FTX-affiliated trading firm Alameda Research is facing insolvency have caused users to withdraw funds from the FTX exchange en masse.  Key Takeaways FTX's FTT token has broken critical support at $21. The downward move was spurred by a loss of confidence in the FTX exchange. FTX users have been withdrawing funds from the exchange en masse due to fears that the could be insolvent. FTX’s FTT exchange token has fallen to its lowest level since early 2021.  FTT Token B

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SBF Scrambles to Cover Tracks After FTX Blowup 

by Coy Buckley

Key Takeaways Sam Bankman-Fried has deleted multiple tweets since he agreed to sell FTX.com to Binance yesterday. Several posts maintaining that the FTX exchange was in good financial standing have been removed. If FTX users cannot be made whole, these tweets could serve as evidence against the FTX CEO if a case is brought against him. Before agreeing to sell FTX.com to Binance, Sam Bankman-Fried assured his Twitter followers that the exchange was in good financial standing in several s

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Dogecoin Is Up 134% This Week. Can the Top Meme Coin Head Higher?

by Coy Buckley

Key Takeaways Dogecoin has more than doubled over the past seven days. The meme coin received a significant boost from Elon Musk's acquisition of Twitter. Many speculators are hoping Musk will integrate Dogecoin with Twitter, pushing its price even higher. Dogecoin has become the top-performing major crypto asset after jumping 134% over the past seven days.  Dogecoin Leads the Market Dogecoin mania is back.  Crypto’s original meme coin has outpaced the market over the past se

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Is Crypto Whale Alameda Research in Financial Trouble?

by Coy Buckley

Key Takeaways Alameda Research, the quantitative trading firm co-founded by Sam Bankman-Fried, reportedly had $14.6 billion in assets and $7.4 billion in liabilities last June. A close look at the numbers, however, suggests most of the firm’s assets were made up of illiquid Solana-based tokens. Alameda’s financial situation may have been one of the reasons Bankman-Fried stepped up to stop contagion across the crypto market during the summer. According to new reporting, Alameda Researc

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Crypto Briefing Goes Web3 With Tokenized Paywall 

by Coy Buckley

Crypto Briefing is integrating Access Protocol to give subscribers a Web3-friendly way to access premium content.  Key Takeaways Crypto Briefing is joining Access Protocol as one of its founding members. The protocol, which is set to launch next month, offers publications a way to use Web3 to monetize premium content while rewarding readers. Crypto Briefing will use Access Protocol to launch a new product via SIMETRI, the publication’s industry-leading research arm. Crypto Briefing

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Taiwan central bank governor considers interest-free CBDC design to prevent fiat deposit flight

by Coy Buckley

"Neither of the current CBDCs in circulation, such as the Sand Dollar and the digital yuan, accrue interest on deposits," said Yang. 1566 Total views 36 Total shares As reported by local news outlet bnext.com on Wednesday, Chin-long Yang, governor of the Central Bank of the Republic of China (Taiwan), recommended a no-interest design for the country's central bank digital currency, or CBDC, pilot. In explaining the decision, Yang said that a CBD

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Price analysis 5/30: BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT, AVAX, SHIB

by Coy Buckley

The elusive relief rally that BTC and ETH traders expected has arrived, but will the market sustain enough bullish momentum to catalyze a trend change? 14299 Total views 35 Total shares After creating the dubious record of nine successive red weekly closes, Bitcoin (BTC) is attempting to make amends by starting a price recovery to end the losing streak. Analysts have repeatedly said that investors should not fear a bear market because it is one

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Web5 vs. Web3: The future is a process, not a destination

by John Stapel

What is Web5, where is Web4 and what would be the recently announced initiative by Block subsidiary TBD to create a new layer of decentralization on top of the Web. 4522 Total views 25 Total shares On June 10, many were surprised by the news that TBD, a subsidiary of Block, Twitter’s co-founder Jack Dorsey, announced the launch of the Web5 platform. Web 1, 2, 3 and now Web 5? But where is Web 4? Those who don’t care about number sequences ca

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Basel Committee wants to limit banks' digital asset exposure to just 1% of equity

by John Stapel

Volatile cryptocurrencies such as Bitcoin would also be subjected to a 1,250% risk premium. 2077 Total views 14 Total shares On Thursday, the Basel Committee on Banking Supervision suggested during its second consultation on the prudential treatment of crypto-asset exposures that banks limit their exposure to so-called Group 2 crypto assets to just 1% of their Tier 1 capital.  Group 1 digital assets consist of tokenized traditional assets, suc

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Thailand’s Crypto Utopia — ‘90% of a cult, without all the weird stuff’

by Coy Buckley

The story of how a Bitcoin OG set up a Libertarian crypto community and commune for digital nomads on beautiful islands in Thailand three times — and why he hasn’t yet given up on the dream. It’s a wild tale involving “unchecked merrymaking,” crypto-influencers, police grillings, seasteading, a reported $20,000-a-month burn rate, rumors about shamans and drugs — and a major collision between idealism and reality. It was also, by all accounts, a whole lot of fun. Cryptopia beca

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Why longevity matters to everyone: Living longer lives in the world of Web3

by Coy Buckley

Physicians and founders are rallying behind longevity medicine, and here is what a longer and healthier human lifespan means for the crypto community. 891 Total views 5 Total shares Expected to reach a market size of $128 billion by 2028, the longevity sector is no longer something that those outside the medical world can ignore. In the next few years, life-extending technologies and treatments for aging-related diseases will reach human trials.

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Cardano’s Vasil hard fork proposal submitted: Countdown commences

by John Stapel

From July 3, the four-week window for application developers and exchanges to test the upcoming Cardano upgrade begins before it’s launched onto the mainnet. 8056 Total views 54 Total shares Cardano Blockchain developer Input Output Hong Kong (IOHK) has submitted an updated proposal to hard fork the Cardano testnet, kicking off the countdown for the network’s Vasil mainnet upgrade. The Vasil upgrade is slated to bring “significant perform

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VTB sealed the first deal with digital financial assets in Russia

by John Stapel

VTB Factoring acquires a tokenized debt pool of industrial companies via the Lighthouse blockchain. 953 Total views 12 Total shares VTB Factoring, a subsidiary of Russia’s state-owned bank, reported the first major deal with digital finance assets. As part of the deal, the bank subsidiary acquired a tokenized debt pool of the engineering company Metrowagonmash, issued via the fintech platform Lighthouse. On Wednesday, June 29, VTB reported the

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NFT pics are the funhouse mirror high-end art deserves

by Coy Buckley

Traditional art is an asset class the wealthy have mastered. NFT art’s long-term prospects may depend on whether they can offer them more. 1470 Total views 28 Total shares The funny thing about many of the absolutely insane things happening in the world today is that from a certain perspective, they actually make perfect sense. Take the famous brands buying metaverse real estate, for example. At first glance, it makes no sense at all. At secon

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OpenSea data breach causes massive leak of users’ email addresses

by John Stapel

The NFT marketplace noted that it has reported the incident to law enforcement officials and that an inquiry is underway. 774 Total views 5 Total shares OpenSea, the world’s largest nonfungible tokens (NFT) marketplace, has issued a warning to customers after it was discovered that an employee of Customer.io, a platform for managing email newsletters and campaigns, leaked the list of OpenSea customers’ emails to an outside party. The breach

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How blockchain can open up energy markets: EU DLT expert explains

by Coy Buckley

The main barrier to the wide adoption of DLT solutions by the energy system stakeholders is how energy markets are structured. 3012 Total views 18 Total shares Aside from the buzzing neologism of Web3, there is a bit less catchy but hardly less important concept of Industry 4.0, which includes the new and revolutionary drivers of the next generation’s industrial landscape. And, especially when it comes to the energy sector, blockchain lies at

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CoinFLEX recovery plan includes tokenized bad debt and more yields

by John Stapel

The crypto lender issued a no-liquidation account to an unnamed whale on the condition that the account would never go negative, but that plan has backfired. 1675 Total views 29 Total shares Crypto investment platform CoinFLEX aims to rectify its liquidity shortage and restart user withdrawals by selling off bad debt through a new $47 million token offering. The new token is known as Recovery Value USD (rvUSD) and will be worth $1.00 each. It is

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Sam Bankman-Fried provides bailouts, ‘Bitcoin dead’ searches soar, and debate over hidden themes behind BAYC continues: Hodlers Digest, June 19–25

by Coy Buckley

Coming every Saturday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link. Top Stories This Week SBF and Alameda step in to prevent crypto collapse contagion Sam Bankman-Fried stated on June 20 that his firms Alameda Research and FTX would be “stepping in” to help companies with liqu

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Harmony hacker sends stolen funds to Tornado Cash mixer

by John Stapel

The exploiter seems to have rejected the Harmony team’s bounty offer of $1 million to return the $100 million stolen from the Horizon Bridge token bridge. 6133 Total views 9 Total shares The funds from Harmony’s Horizon Bridge have begun to move into the Tornado Cash Ethererum mixer, signaling that the attacker has no intention of accepting the $1 million bounty offered. The decision to obfuscate the ill-gotten gains answers questions about

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CoinFLEX recovery plan includes tokenized bad debt and more yields

by John Stapel

The crypto lender issued a no-liquidation account to an unnamed whale on the condition that the account would never go negative, but that plan has backfired. 1322 Total views 41 Total shares Crypto investment platform CoinFLEX aims to rectify its liquidity shortage and restart user withdrawals by selling off bad debt through a new $47 million token offering. The new token is known as Recovery Value USD (rvUSD) and will be worth $1.00 each. It is

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Crypto’s uses and misuses: Binance–Reuters quarrel raises questions

by Coy Buckley

Does the struggle between Binance and Reuters, both heavyweights in their respective industries, have broader implications for the crypto sector? 2910 Total views 6 Total shares Crypto exchange Binance has courted controversy almost since its 2017 beginnings, and five years later, the dustups continue. On June 6, the United States Securities and Exchange Commission was reported to be investigating whether Binance Holdings broke United States sec

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Uniswap acquires NFT marketplace aggregator Genie to further its goals

by Coy Buckley

Decentralized exchange Uniswap to add additional NFT functionality to its platform following the acquisition. 1830 Total views 31 Total shares Decentralized exchange (DEX) Uniswap announced the acquisition of the nonfungible token (NFT) marketplace aggregator Genie on Tuesday. Uniswap said this move is part of its mission to unlock universal ownership and exchange on its platform. Uniswap is now integrating NFTs into its product line, beginning

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'Crypto is just like the end of the 90s with the internet bubble,' says Hodl CEO Maurice Mureau

by John Stapel

Mureau remains bullish on crypto's outlook despite a severe bear market in recent months. 1800 Total views 23 Total shares For Maurice Mureau, CEO of crypto investment fund operator Hodl, there's "not a lot left" to invest in anymore. With soaring inflation, bonds are no go, real estate is getting more difficult but there is one asset class that's (unsurprisingly) catching the fund manager's attention — cryptocurrencies. During the European Bl

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Price analysis 6/6: BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT, AVAX, SHIB

by Coy Buckley

BTC and altcoins flashed green at the weekly open, but overhead resistance levels will continue to pose a challenge in the short-term. 10465 Total views 31 Total shares After nine successive weeks of red weekly candles, Bitcoin (BTC) printed a green weekly candle on June 5. Leading into this week, buyers kept up their momentum with a strong weekly open that boosted BTC price to $31,800. Going forward, traders might keep a close eye on the Consu

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Bifrost releases upgraded SALP 2.0 after protocol helped secure $450M via parachain auctions

by Coy Buckley

The move comes after 18 Polkadot parachain auctions were secured on the original SALP protocol. 2703 Total views 6 Total shares On Friday, Bifrost, a Web 3.0 derivatives protocol that provides decentralized cross-chain liquidity for staked assets, launched the updated Slot Liquidity Auction Protocol dubbed "SALP 2.0." Projects such as Moonbeam, Unique network, OAK network, Polkadex, etc., held their parachain crowdloans on Kusama and Polkadot vi

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It seems NFT-themed Bored & Hungry restaurant no longer accepts crypto

by John Stapel

The alleged removal is a bit strange considering Bored Hungry only opened its doors back in April. 8738 Total views 158 Total shares The Los Angeles Times reported on Friday that recently opened nonfungible token- (NFT)-themed burger joint Bored Hungry no longer accepts cryptocurrency as a form of payment for its food. When questioned, one Bored Hungry employee told the Los Angeles Times “Not today — I don’t know.” The individual didn

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Axie Infinity to compensate Ronin exploit victims and relaunch bridge

by John Stapel

Once the bridge reopens on Tuesday, users will be able to withdraw one ETH for each one they possessed before the attack. 3970 Total views 13 Total shares Sky Mavis, the creator of the play-to-earn game Axie Infinity (AXS), announced that it will reimburse victims of the Ronin bridge hack and reopen the bridge next week. In March, hackers stole more than $620 million in the heist, which included roughly 17,600 Ether (ETH) and 25.5 million USD Co

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University of Cincinnati turning crypto craze into educational curriculum

by John Stapel

The programs, which are funded by a longtime supporter of the university, will teach students about Bitcoin and other digital assets. 1648 Total views 48 Total shares Cryptocurrencies are attracting a lot of attention from academic institutions as they become increasingly accepted as an alternative to conventional assets. The University of Cincinnati (UC) in Ohio, United States, has even established courses around cryptocurrency as part of its c

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BIS: 90% of Central Banks are researching the utility of CBDCs

by Coy Buckley

The institution's future monetary vision includes exploring innovations grounded in trust in central banks' stable sovereign currencies and safe payment systems. 2272 Total views 60 Total shares In a new annual economic report published by the Bank of International Settlements (BIS), the financial institution revealed that approximately 90% of central banks worldwide are investigating the feasibility of adopting central bank digital currencies

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Price analysis 5/16: BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT, AVAX, SHIB

by Coy Buckley

BTC and most altcoins are facing strong selling at the top of each rally, but the short-term downside could be limited since Bitcoin bulls keep buying each dip. 13657 Total views 36 Total shares The selling in Bitcoin (BTC) is showing no sign of abating and Bitcoin has fallen for seven straight weeks for the first time ever. This indicates that the momentum remains strongly in favor of the bears.  While the short-term sentiment remains bearish,

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Risky business: Celsius crisis and the hated accredited investor laws

by Coy Buckley

Accredited investor laws are the bane of many in the crypto industry, who see them as preventing small investors from accessing big opportunities. When Celsius was recently forced to cut off access to U.S. citizens who were not accredited investors, many cried foul. Did it help some users avoid the current crisis? Or do accredited investor laws go too far in saving users from themselves — and from profits, too? Two weeks ago, as speculation about Celsius’ solvency began to mount, use

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Roxe Holding in talks for listing on Nasdaq via $3.6B SPAC deal

by John Stapel

The firm has entered an agreement with special purpose acquisition company Goldenstone Acquisition Ltd, through which it will pursue the listing. 1215 Total views 8 Total shares Goldenstone Acquisition Ltd, a special-purpose acquisition firm (SPAC), has announced plans to go public with blockchain-based payments firm Roxe Holding Inc. As per the Wednesday announcement, the SPAC has agreed to a $3.6 billion merger with the global blockchain payme

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Old-school photographers grapple with NFTs: New world, new rules

by Coy Buckley

Photography often has to weather disruptive changes — from film to digital, for example — and photographers find themselves needing to master new technologies or face losing out to more tech-savvy competitors. NFTs are just another transformation in how we consume images. Can photographers adapt and benefit from them? Coming to grips with the NFT market can give a whole new lease of life to a photographer’s work. Back in the dark ages I go back a long time in photography. To the dar

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Price analysis 6/13: BTC, ETH, BNB, ADA, XRP, SOL, DOGE, DOT, LEO, AVAX

by Coy Buckley

Bitcoin and altcoins are seeing heavy selling as June 13’s massive unwinding could be the final capitulation-level event before the market finally hits a bottom. 14055 Total views 40 Total shares The United States equities markets extended their decline to start the week on June 13. The SP 500 hit a new year-to-date low and dipped into bear market territory, falling more than 20% from its all-time high made on Jan. 4.  The cryptocurrency ma

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Blockchain isn’t as decentralized as you think: Defense agency report

by John Stapel

The report published Tuesday highlights several scenarios in which various actors can garner excessive, centralized control of a blockchain system. 3837 Total views 37 Total shares Distributed ledger technology (DLT) and blockchains including Bitcoin and Ethereum may be more vulnerable to centralization risks than initially thought, according to Trail of Bits.  The security firm on Tuesday released its report titled “Are Blockchains Decentral

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dYdX moves to Cosmos-based blockchain for v4 to optimize decentralization and trading flow

by Coy Buckley

The protocol chose Cosmos as the best fit as it would not only need decentralization but also the ability to handle and scale 1,000 orders per second. 930 Total views 9 Total shares On Thursday, crypto derivatives platform dYdX, which is currently built on Ethereum layer 2, announced that it would be moving to a standalone blockchain based on the Cosmos SDK and Tendermint proof-of-stake consensus for its v4 update. The firm cites the Cosmos bloc

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Solana NFT marketplace Magic Eden closes $130M Series B round at $1.6B valuation

by John Stapel

Magic Eden accounts for over 90% of NFT trading volume on Solana. 1754 Total views 12 Total shares On Tuesday, Magic Eden, a popular nonfungible tokens (NFTs) platform on the Solana (SOL) blockchain with 112,927 SOL ($4 million) in 24-hour trading volume, announced that it had closed a Series B round for $130 million. The funding round was led by investors such as Electric Capital, Greylock, Lightspeed Venture Partners, Paradigm and Sequoia Capi

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6 Questions for Annabelle Huang of Amber Group

by Coy Buckley

We ask the buidlers in the blockchain and cryptocurrency sector for their thoughts on the industry… and throw in a few random zingers to keep them on their toes! This week, our 6 Questions go to Annabelle Huang, the managing partner at Amber Group, a global leading digital asset platform. Prior to Amber Group, I served as the Asia lead at AirSwap, a decentralized trading platform that enables peer-to-peer trading on the Ethereum blockchain. Before transitioning into digital assets,

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Cloudflare outage affects multiple crypto exchanges

by John Stapel

Users attempting to visit certain websites were met with a “500 Internal Server Error” notice due to a Cloudflare outage. 2338 Total views 38 Total shares Cloudflare, a significant infrastructure provider for the internet, recently experienced widespread problems, leaving many crypto exchanges down. The content delivery network (CDN) confirmed via an update posted on Tuesday that it is experiencing issues with its services and network, and a

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What is MetaPay, and how does it work?

by Coy Buckley

MetaPay, metaverse-based payment system, requires customers to have the MPay token to invest in the Metaxion universe. 1917 Total views 28 Total shares When people began communicating with one another over a wired communication system, the internet, not long ago, it ushered in a revolution in the rate of user acceptance of the technology involved.  Users could converse more readily anywhere and anytime when wired technology gave way to mobile t

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Cloudflare outage affects multiple crypto exchanges

by John Stapel

Users attempting to visit certain websites were met with a “500 Internal Server Error” notice due to a Cloudflare outage. 2062 Total views 28 Total shares Cloudflare, a significant infrastructure provider for the internet, recently experienced widespread problems, leaving many crypto exchanges down. The content delivery network (CDN) confirmed via an update posted on Tuesday that it is experiencing issues with its services and network, and a

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Consensus 2022: Web3, unpacking regulations, and optimism for crypto’s future

by Coy Buckley

Despite the crypto winter, the conference drew in 17,000 people to discuss the crypto regulatory landscape, Web3 development and the future of digital assets. 5223 Total views 20 Total shares “Everything is bigger in Texas” proved to be true during Consensus 2022. The crypto conference took place June 9–12 in Austin, Texas, this year, attracting over 20,000 people from across the globe, despite the 100-degree plus weather. According to the

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South Korean prosecutors ban Terraform Labs employees from exiting the country: Report

by John Stapel

Terraform Labs employees have reportedly been prohibited from exiting South Korea as investigations by prosecutors continue. 3626 Total views 51 Total shares Terraform Labs employees are reportedly unable to leave South Korea due to the country’s prosecutors imposing a departure ban on key developers of the project. On Monday, Korean media outlet JTBC reported that an investigation team from the Seoul Southern District Prosecutor’s Office

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Price analysis 6/1: BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT, AVAX, SHIB

by Coy Buckley

BTC and altcoins met resistance at a key moving average, leading traders to wonder whether the current pullback is a lower support test, or proof that bears are still in control. 16248 Total views 23 Total shares Bitcoin (BTC) has made a tentative start to the month of June, suggesting that bears have not gone into hibernation just yet. Although Bitcoin is trading nearly 55% off its all-time high of $69,000, whales and institutions remain cautio

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Solend invalidates Solana whale wallet takeover plan with second governance vote

by John Stapel

If Solend is unable to take over the account, some believe that it could cause a meltdown, driving Solana’s price to zero. 4357 Total views 71 Total shares Solana-based decentralized finance (DeFi) lending protocol Solend has created another governance vote to invalidate the recently-approved proposal that gives Solend Labs “emergency powers” to access a whale’s wallet to avoid liquidation.  On Sunday, the crypto lending platform launch

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High-profile BAYC collector denies allegations of wrongdoing brought by DeFi detective

by Coy Buckley

At the time of publication, it is not clear how the DeFi detective allegedly connected wallets with questionable activities to Jeff Huang. 6718 Total views 59 Total shares On Thursday, ZachXBT, a cyber detective in the decentralized finance, or DeFi, realm, accused prominent Taiwanese musician and blockchain personality Jeff Huang, also known as Machi Big Brother, of misconduct in 10 different cryptocurrency projects. Machi Big Brother is known

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6 Questions for Alex Wilson of The Giving Block

by Coy Buckley

We ask the buidlers in the blockchain and cryptocurrency sector for their thoughts on the industry… and throw in a few random zingers to keep them on their toes! This week, our 6 Questions go to Alex Wilson, co-founder of The Giving Block — a crypto donation solution that provides an ecosystem for nonprofits and charities to fundraise Bitcoin and other cryptocurrencies. Alex is a co-founder of The Giving Block, a Shift4 company. The Giving Block is a leading crypto philanthropy pla

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Vitalik Buterin shares his thoughts on non-financial use-cases for blockchain

by John Stapel

Essential goals like “trust and censorship resistance” can be aided by distributed ledger technology, said Buterin. 5838 Total views 23 Total shares Vitalik Buterin, co-founder of both Ethereum Bitcoin Magazine, took to Twitter to share his thoughts on non-financial use cases for blockchain technology. In a paper titled “Where to use a blockchain in non-financial applications?” Buterin expressed a growing interest in using blockchain tec

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This oracle data provider platform has surpassed 4 million nodes since inception

by Coy Buckley

The protocol has weathered multiple bear markets and has nearly 250 million data payloads and counting. 2074 Total views 23 Total shares Can a fully-functional oracle network ecosystem that anonymously collects and validates geospatial (location-specific) data exist? One blockchain firm seems to have gotten the gist of the idea. Founded in 2012, XY Labs and its namesake protocol XYO, which is built on the Ethereum blockchain, seek to reward part

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This oracle data provider platform has surpassed 4 million nodes since inception

by Coy Buckley

The protocol has weathered multiple bear markets and has nearly 250 million data payloads and counting. 2015 Total views 23 Total shares Can a fully-functional oracle network ecosystem that anonymously collects and validates geospatial (location-specific) data exist? One blockchain firm seems to have gotten the gist of the idea. Founded in 2012, XY Labs and its namesake protocol XYO, which is built on the Ethereum blockchain, seek to reward part

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Finblox withdrawal restrictions trigger concerns from the community

by John Stapel

Twitter user Gofortim2 called out to lending platforms to become more transparent and honest on where assets are deployed. 1660 Total views 25 Total shares Finblox, a crypto-staking platform backed by Three Arrows Capital (3AC) has paused reward distributions and tightened its withdrawal limits. Following this, community members expressed concerns over their assets, with some calling for transparency and bringing up decentralization. In a tweet,

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Employee quits after red flags at first crypto job, stays in blockchain for the tech

by John Stapel

Roland Guirdonan came to believe that cryptocurrencies are the "future of money" despite an unpleasant experience at his first job in the industry. 4877 Total views 13 Total shares Crypto startups have a significant role to play in the development of the entire blockchain industry. However, while many business owners have big ideas that aim to change the world, some fail to invest to develop the most critical aspects of a business, resulting in

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MimbleWimble adds new features for Litecoin, but some exchanges balk

by Coy Buckley

Litecoin may have recently activated its long-awaited privacy-based upgrade, but not without creating some regulatory compliance issues. 4630 Total views 37 Total shares Litecoin is one of the earliest alternative coins (altcoins) that came to light after Bitcoin (BTC). Created in October 2011, it is now the 20th most valuable cryptocurrency, boasting a market capitalization of over $4 billion, according to CoinMarketCap data. The MimbleWimble u

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Price analysis 6/17: BTC, ETH, BNB, ADA, XRP, SOL, DOGE, DOT, LEO, AVAX

by Coy Buckley

Bitcoin price struggles to hold support at $20,000, and the outcome of this battle between bulls and bears will determine the next directional move. 7379 Total views 40 Total shares The sharp fall in cryptocurrencies has pulled the total crypto market capitalization below $900 billion. According to CoinGoLive, 72 out of the top 100 tokens have declined in excess of 90% from their all-time highs. In comparison, the top-10 coins have outperformed

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Finblox withdrawal restrictions trigger concerns from the community

by John Stapel

Twitter user Gofortim2 called out to lending platforms to become more transparent and honest on where assets are deployed. 1453 Total views 15 Total shares Finblox, a crypto-staking platform backed by Three Arrows Capital (3AC) has paused reward distributions and tightened its withdrawal limits. Following this, community members expressed concerns over their assets, with some calling for transparency and bringing up decentralization. In a tweet,

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US SEC investigates Binance’s ICO, metaverse crypto assets up 400% YoY, and STEPN faces DDoS attacks: Hodler’s Digest, June 5-11

by Coy Buckley

Coming every Saturday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link. Top Stories This Week Anonymous hacker served with restraining order via NFT In what’s perhaps an industry first, an anonymous defendant in an exchange-hacking legal case has received a temporary restraining ord

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Yahoo launching Metaverse events for Hong Kong residents under restrictions

by John Stapel

Yahoo has announced its intention to launch a series of Metaverse projects in Hong Kong, apparently creating a brief rally for Decentraland’s native token, MANA. 3156 Total views 35 Total shares Yahoo has announced a series of Metaverse and nonfungible token- (NFT)-related activities in Hong Kong, a day after Meta Platforms outlined its own metaverse plans for the region. Yahoo, a United States-based internet media company, revealed that it wi

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Consensus 2022: Web3, unpacking regulations, and optimism for crypto’s future

by Coy Buckley

Despite the crypto winter, the conference drew in 17,000 people to discuss the crypto regulatory landscape, Web3 development and the future of digital assets. 4588 Total views 20 Total shares “Everything is bigger in Texas” proved to be true during Consensus 2022. The crypto conference took place June 9–12 in Austin, Texas, this year, attracting 17,000 people from across the globe, despite the 100-degree plus weather. According to the even

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Chain.com tokens lose 96% of value in 24 hours due to flash crash before recovery

by John Stapel

Prices quickly recovered after developers determined that a technical API issue, not a security breach, catalyzed the heavy sell-off. 3000 Total views 55 Total shares On Tuesday, tokens of cloud blockchain infrastructure provider Chain.com (XCN) suddenly lost over 90% of their value before recovering most of their losses later in the day. In a post-mortem analysis published by Chain.com, the firm said that a market maker and API error at 1:00 pm

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Former president of the New York Stock Exchange joins Uniswap Labs as an adviser

by John Stapel

Uniswap said it is betting on her experience with TradFi translating over to DeFi to further help them evolve their place in Web3. 1722 Total views 23 Total shares On Wednesday, Uniswap announced that former New York Stock Exchange president Stacey Cunningham will join the company as an adviser. Cunningham served as the first female president of the New York Stock Exchange after beginning her career as a trader on its floor. She said in a statem

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Bitcoin hash rate marks all-time high as BTC price drops below $25K

by John Stapel

Complimenting the new hash rate ATH of 231.428 exahash per second, Bitcoin’s network difficulty stands at a strong position of 30.283 trillion. 11809 Total views 58 Total shares Bitcoin (BTC) hash rate, a network security measure based on computing power for mining, achieved a new all-time high (ATH) of 231.428 exahash per second (EH/s) amid an ongoing bear market that witnesses BTC price plunging below the critical $25,000 mark. Hash rate is

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How to buy NFTs on Solana?

by Coy Buckley

With the introduction of platforms like Solana, buyers may now purchase NFTs for a low transaction charge and with minimal congestion. 2587 Total views 103 Total shares The burgeoning popularity of nonfungible tokens (NFTs) has led to issues like exorbitant transaction fees and congestion in the prevalent Ethereum-based ecosystem. The fee factor serves as a major deterrent to anyone wanting to execute transactions on the blockchain. A report pub

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Illicit crypto usage as a percent of total usage has fallen: Report

by John Stapel

A rapidly growing crypto market means that hacks and scams are accounting for less overall activity, and their percentage of total usage continues to decline. 1958 Total views 29 Total shares Illicit cryptocurrency activity in 2021 and the first quarter of 2022 has declined as a percentage of overall crypto activity, according to blockchain forensics firm CipherTrace. The cryptocurrency industry has long held a reputation in some jurisdictions a

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‘The metaverse will empower human beings,’ declares Qatar Airways

by Coy Buckley

Qatar Airways plans to launch NFTs and enable metaverse ticket purchases for physical flights. 3947 Total views 78 Total shares Qatar Airways announced Tuesday that it had launched its first metaverse experience, QVerse. This virtual reality platform allows interested parties can virtually visit and navigate the Premium Check-in area at the International Airport of Hamad (HIA). According to the company’s statements to Cointelegraph, however,

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Bitcoin ecosystem makes a U-turn recovery in global ATM installations

by John Stapel

Halfway through 2022, the BTC ATM installation numbers dropped 89.75% by May, followed by a swift recovery in June. 9118 Total views 59 Total shares Bitcoin (BTC) ATM installations have marked a new comeback as June 2022 saw the reversal of the five-month-long downward trajectory for the first time this year.  The global ATM installations worldwide fell consistently throughout the year, with May reporting the lowest number of 205 ATM installati

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Price analysis 5/23: BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT, AVAX, SHIB

by Coy Buckley

Bitcoin and the major altcoins have bounced off their immediate support levels, paving the way for a possible relief rally in the short term. 11925 Total views 65 Total shares The United States equity markets are attempting a recovery after weeks of relentless selling. Along similar lines, on-chain monitoring resource Material Indicators expects the crypto market to recover, but they anticipate Bitcoin (BTC) to spend some time in a range before

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Nexo offers to buy out Celsius’ loans amid withdrawal suspension

by John Stapel

Nexo platform could rescue Celsius' customers after “what appears to be the insolvency of the Celsius Network.” 5857 Total views 7 Total shares There’s a glimmer of hope for the bear market’s most recent victim. Following reports that Celsius is insolvent, Nexo is offering a buy-out. A Nexo representative told Cointelegraph that Nexo is trying to do the “right thing” as they are “mindful of the repercussions for retail investors t

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Central authorities have demonized privacy — Crypto projects must fight back

by Coy Buckley

While a core tenet and source of pride among crypto projects, privacy has been demonized by those in power, including lawmakers, regulators, banks and academics. 5006 Total views 52 Total shares Zcash (ZEC), a privacy coin that launched in 2016, unveiled an upgrade to its system on May 31 that will allow users to more easily make private, trustless digital cash payments on mobile phones. Not everyone would view this as a good development. The un

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Price analysis 6/1: BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT, AVAX, SHIB

by Coy Buckley

BTC and altcoins met resistance at a key moving average, leading traders to wonder whether the current pullback is a lower support test, or proof that bears are still in control. 16128 Total views 23 Total shares Bitcoin (BTC) has made a tentative start to the month of June, suggesting that bears have not gone into hibernation just yet. Although Bitcoin is trading nearly 55% off its all-time high of $69,000, whales and institutions remain cautio

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Ocean Protocol, Helium and Chainlink post monthly gains while Bitcoin price consolidates

by John Stapel

Roadmap and protocol upgrades are a few of the factors behind the month-long rally in LINK, OCEAN and HNT. 2716 Total views 7 Total shares Positive price movements during bear markets are noteworthy primarily because they can help identify projects that have a good chance of surviving until the next bull cycle .  Generally, price action in June has been stagnant for a majority of the crypto market because traders are nervous about Bitcoin’s (

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US Fed begins quantitative tightening, Japan restricts stablecoin issuance and LUNA 2.0 rides a price roller coaster: Hodler’s Digest, May 29-June 4

by Coy Buckley

Coming every Saturday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link. Top Stories This Week Fed money printer goes into reverse: What does it mean for crypto? Over the last two years or so, the United States Federal Reserve has flooded the financial system with excess liquidity —

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Anchor dev claims he warned Do Kwon over unsustainable 20% interest rate

by John Stapel

Mr. B alleges that the platform was designed only to offer an interest rate of 3.6%, but that changed at the last minute. 4491 Total views 243 Total shares Anchor Protocol was originally designed to offer an interest rate of 3.6%, but this was dialed up to 20% just a week before release to attract more investors, a core developer alleged in an interview with Korean media outlet JTBC.  “I did not know that this would go out with such a high-in

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Bitcoin's real energy use questioned as Ethereum founder criticizes BTC

by John Stapel

A founding member of Ethereum has claimed that Bitcoin uses nearly 1% of the world’s electricity, but different sources put it substantially lower. 4136 Total views 42 Total shares The ever-raging debate around Bitcoin’s energy consumption has been re-ignited, with founding member of Ethereum Anthony Donofrio claiming that Bitcoin is using “way too much” energy.  According to figures from Digiconomist, Bitcoin (BTC) currently uses 0.82%

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Is education the key to curbing the rise of scammy, high APY projects?

by Coy Buckley

As DeFi projects offering insane returns continue to infiltrate the market, experts believe that investors need to better equip themselves to avoid such scams. 3784 Total views 28 Total shares Most people who have dealt with cryptocurrencies in any capacity over the last couple of years are well aware that there are many projects out there offering eye-popping annual percentage yields (APY) these days.  In fact, many decentralized finance (DeFi

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Bear market: Some crypto firms cut jobs while others aim for sustainable growth

by John Stapel

While crypto companies have been faced with major layoffs, things are nowhere as bad as the tech industry or other traditional sectors. 1876 Total views 28 Total shares To put things into perspective, since November 2021, the total market capitalization of the digital asset industry has plummeted from it’s all-time high of $3 trillion to its current levels of approx. $1.27 trillion, thus showcasing a loss ratio of over 55%. While this massive

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Binance Staking completes initial phase of Terra 2.0 airdrop as ecosystem issues persist

by Coy Buckley

About 70% of tokens are held in escrow and will be vested starting later this year. 4544 Total views 31 Total shares On Tuesday, cryptocurrency exchange Binance said it completed the first stage of airdropping new Terra Luna (LUNA) tokens to holders of Terra Luna Classic (LUNC), TerraUSD (USTC) and AnchorUST (aUST).  The distribution was based on "pre-attack" and "post-attack" snapshots of token holders taken at LUNC block height 7,544,910 at 1

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Price analysis 6/6: BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT, AVAX, SHIB

by Coy Buckley

BTC and altcoins flashed green at the weekly open, but overhead resistance levels will continue to pose a challenge in the short-term. 10125 Total views 31 Total shares After nine successive weeks of red weekly candles, Bitcoin (BTC) printed a green weekly candle on June 5. Leading into this week, buyers kept up their momentum with a strong weekly open that boosted BTC price to $31,800. Going forward, traders might keep a close eye on the Consu

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Bear market: Some crypto firms cut jobs while others aim for sustainable growth

by Coy Buckley

While crypto companies have been faced with major layoffs, things are nowhere as bad as the tech industry or other traditional sectors. 1452 Total views 44 Total shares To put things into perspective, since November 2021, the total market capitalization of the digital asset industry has plummeted from it’s all-time high of $3 trillion to its current levels of approx. $1.27 trillion, thus showcasing a loss ratio of over 55%. While this massive

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‘Father’ of the Metaverse Neal Stephenson launching metaverse blockchain

by John Stapel

At LAMINA1, Neal Stephenson will focus on “helping get artists and other value creators paid properly for their work, helping the environment [...] and seeing a truly open Metaverse get built,” noted co-founder Peter Vessenes. 3915 Total views 40 Total shares Neal Stephenson, the author who coined the term “Metaverse” 30 years ago, is launching a metaverse-focused blockchain project called LAMINA1. He has also revised his vision for the

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Thailand’s crypto islands: Working in paradise, Part 1

by John Stapel

Walking into Remote and Digital’s La Casa co-working space on the tropical island of Koh Pha-ngan, you wonder how anybody gets any work done. I sip a cocktail and wait for my burrito as James Brown plays in the background. There’s a real palm tree growing at the edge of the cafe, and behind it sits shallow crystal blue water stretching off for miles, with Koh Samui’s jungle-covered mountains jutting up in the distance. Adding to the ambiance, kite surfers are getting massive air off

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Crypto 401(k): Sound financial planning or gambling with the future?

by Coy Buckley

Cryptocurrencies may be coming to Americans’ retirement plans. Some see it as a sound financial strategy, while others remain skeptical. 1894 Total views 26 Total shares In April, United States-based retirement plan provider Fidelity Investments moved to allow 401(k) retirement savings account holders to invest directly in Bitcoin (BTC), the flagship cryptocurrency, making crypto a potential part of one’s savings for the future. A 401(k) is

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Metaverse sneak peek: Project aims to build a creator-focused economy through blockchain

by John Stapel

Cointelegraph explored Web3 creator economy protocol DEIP’s metaverse in an online event last week. 2225 Total views 39 Total shares A metaverse project that would provide a digital hub for creators gave the community an opportunity to travel within its metaverse city and explore an early version of the vision that it aims to achieve. Last week, Web3 creator economy protocol DEIP launched an event within its metaverse. With DEIP CEO and co-fou

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Apple's upcoming developer conference sparks rumors of NFT trading cards

by Coy Buckley

The Worldwide Developer Conference 2022, hosted by Apple, will be held online between June 6–10, and feature some of the leading experts and advocates within the tech field. 9972 Total views 36 Total shares In the lead-up to the 33rd edition of the annual Worldwide Developers Conference (WWDC) set to commence on June 6, tech giant Apple has unveiled plans to showcase the developments of four new devices and software models: iOS 15, iPadOS 15,

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Crypto exchange Binance seeks critical licenses in Philippines, CEO says

by John Stapel

The exchange platform is looking to get virtual assets service provider and e-money issuer licenses from the Banko Sentral ng Pilipinas. 1797 Total views 29 Total shares Changpeng Zhao, the CEO of crypto trading platform Binance, shared plans to acquire two licenses that are critical for the firm's operations within the Philippines. In a press briefing in Manila, the Binance CEO mentioned that the exchange is looking to obtain the virtual assets

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Price analysis 6/6: BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT, AVAX, SHIB

by Coy Buckley

BTC and altcoins flashed green at the weekly open, but overhead resistance levels will continue to pose a challenge in the short-term. 9950 Total views 31 Total shares After nine successive weeks of red weekly candles, Bitcoin (BTC) printed a green weekly candle on June 5. Leading into this week, buyers kept up their momentum with a strong weekly open that boosted BTC price to $31,800. Going forward, traders might keep a close eye on the Consum

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Terra 2.0: A crypto project built on the ruins of $40 billion in investors' money

by Coy Buckley

Terra 2.0 launced with the promise of helping to retrieve lost funds, but early indicators suggest launching a new token to compensate for the failure of another is a bad idea. 14289 Total views 68 Total shares Terra remained the focus of the majority of headlines throughout May for its spiral collapse leading to a loss of over $40 billion in investors’ money. Despite some early resistance from the community and heavy backlash from the likes o

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Gillibrand and Lummis state that most altcoins are securities

by John Stapel

“Most cryptocurrencies go to the SEC [...] Bitcoin and Ether would be certainly commodities, and that’s agreed upon,” said U.S. Senator Kirsten Gillibrand. 2245 Total views 8 Total shares United States Senators Kirsten Gillibrand and Cyntia Lummis believe that most altcoins would likely be considered securities under their proposed new legislation, but they confirmed that Bitcoin (BTC) and Ether (ETH) will be classified as commodities. 

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Solana Ventures sets up $100M fund for GameFi and DeFi in South Korea

by John Stapel

The new fund is intended to support the growth of NFT, gaming and DeFi projects on Solana and to help keep former Terra developers on their feet following Terra’s fall. 3190 Total views 29 Total shares Solana Ventures and the Solana Foundation have formed a $100-million fund to help support the growth of nonfungible token (NFT), blockchain gaming and decentralized finance (DeFi) projects in South Korea. In addition to supporting projects built

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Australian mayor downplays crypto volatility, recommends it for rates payments

by John Stapel

"The volatility is not that bad” — the mayor of the Gold Coast, Australia, suggests crypto could be used to pay local taxes in the future. 2223 Total views 47 Total shares Tom Tate, the mayor of the Gold Coast, Australia, has suggested that cryptocurrency could be used by residents to pay local taxes in future years, though critics have flagged volatility and the recent market crash as a cause for concern.  "Why can't we pay rates on crypto

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NFT 2.0: The next generation of NFTs will be streamlined and trustworthy

by Coy Buckley

NFTs are moving into the mainstream, but this requires a streamlined and trustworthy experience for the general public’s mass adoption. 13554 Total views 36 Total shares Nonfungible tokens (NFTs) have been in the headlines for the past few years. While swaths of the population have tried to get their head around why NFTs exist, demand has soared, institutions have been built, and the lingo has entered our collective consciousness. There

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Crypto.com's Cronos launches $100M accelerator for DeFi and Web3

by John Stapel

The Cronos Accelerator Program is backed by $100 million to help crypto projects seeking mentorship, funding and growth in the seed and pre-seed stages. 2659 Total views 21 Total shares Cronos, a blockchain ecosystem built by major crypto exchange Crypto.com, announced the launch of an accelerator program to fast-track advancements across the decentralized finance (DeFi), Web3 and Metaverse space, among others.  Driving the initiative, the Cron

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Global Web3 metaverse and tax initiatives continue in the face of a market meltdown

by John Stapel

Web3 developers, institutional investors and regulators preparing to tax metaverse profits remain stable despite all the turbulence in the digital assets market. 4194 Total views 32 Total shares In her monthly Expert Take column, Selva Ozelli, an international tax attorney and CPA, covers the intersection between emerging technologies and sustainability, and provides the latest developments around taxes, AML/CFT regulations and legal issues aff

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6 Questions for Nikki Farb of Headline

by John Stapel

We ask the buidlers in the blockchain and cryptocurrency sector for their thoughts on the industry… and throw in a few random zingers to keep them on their toes! This week, our 6 Questions go to Nikki Farb — an active investor and advisor to technology companies who is currently a venture partner at Headline, a venture capital firm. I invest in consumer tech (with a real love for marketplaces) and Web3. I’ve invested in Consensys (MetaMask), AfterParty, Fractal, Aloft, Wander, Mar

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Pride in the Metaverse: Blockchain tech creates new opportunities for LGBTQ+ people

by Coy Buckley

The Metaverse and NFTs are allowing people across the world to celebrate Pride Month in various ways. 1556 Total views 19 Total shares A number of social gatherings have started to take place in the Metaverse as companies across the globe begin to understand the value that virtual interactive environments can have for consumers. It shouldn’t come as a surprise then that Pride Month — a month-long celebration held in June to commemorate the 1

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WEF 2022: Miami mayor says that Bitcoin can be a global currency

by John Stapel

Francis Suarez, the Mayor of Miami, said that he played an “evangelist role” at Davos where he’s teaching people about Bitcoin. 2835 Total views 34 Total shares Kristina Cornèr, Cointelegraph's editor-in-chief, sat down with Miami Mayor Francis Suarez at the recent World Economic Forum held at Davos, Switzerland, to discuss topics like the role the mayor played at the WEF, Bitcoin being a global currency and what the mayor does with his BTC. According to

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Global Web3 metaverse and tax initiatives continue in the face of a market meltdown

by Coy Buckley

Web3 developers, institutional investors and regulators preparing to tax metaverse profits remain stable despite all the turbulence in the digital assets market. 2137 Total views 5 Total shares In her monthly Expert Take column, Selva Ozelli, an international tax attorney and CPA, covers the intersection between emerging technologies and sustainability, and provides the latest developments around taxes, AML/CFT regulations and legal issues affe

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Smart contracts can redesign legal agreements, but businesses beware

by John Stapel

Smart contracts provide plenty of benefits, but find out why those benefits can be just one side of a double-edged sword. 2100 Total views 17 Total shares When was the last time you got a late payment? Chased an invoice? Waited for your monthly paycheck only to realize it’s late yet again? You might relate to these headaches as an investor, employee or client. But the tension that affects each of these unique parties is often caused by one unw

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Fail better: Scott Melker on defying the odds with crypto trading

by John Stapel

Scott Melker, better known as The Wolf of All Streets, is a trader and crypto advocate who is far more approachable than his online handle might suggest. A former DJ, Melker operates a small crypto advocacy empire spanning YouTube videos, podcasts and a popular newsletter. Scott Melker is open about his initial intentions in the crypto industry. “I simply came to trade and make money,” he admits, getting involved after hearing friends go on about the gold-paved streets of the blockchain

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Smart contracts can redesign legal agreements, but businesses beware

by Coy Buckley

Smart contracts provide plenty of benefits, but find out why those benefits can be just one side of a double-edged sword. 1703 Total views 17 Total shares When was the last time you got a late payment? Chased an invoice? Waited for your monthly paycheck only to realize it’s late yet again? You might relate to these headaches as an investor, employee or client. But the tension that affects each of these unique parties is often caused by one unw

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South Korea ramps up crypto investigations and regulations

by John Stapel

South Korea announced Digital Assets Committee, launched an investigation and met with Asia-Pacific financial authorities. 1328 Total views 17 Total shares On Friday, June 3, South Korea’s Financial Supervisory Service (FSS) began an investigation into payment gateway services that work with digital assets. The FSS is South Korea’s financial regulator that operates under the Financial Services Commission (FSC), both of which are government i

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Terra 2.0: A crypto project built on the ruins of $40 billion in investors' money

by John Stapel

Terra 2.0 launced with the promise of helping to retrieve lost funds, but early indicators suggest launching a new token to compensate for the failure of another is a bad idea. 2461 Total views 40 Total shares Terra remained the focus of the majority of headlines throughout May for its spiral collapse leading to a loss of over $40 billion in investors’ money. Despite some early resistance from the community and heavy backlash from the likes of

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Binance Staking completes initial phase of Terra 2.0 airdrop as ecosystem issues persist

by John Stapel

About 70% of tokens are held in escrow and will be vested starting later this year. 3942 Total views 31 Total shares On Tuesday, cryptocurrency exchange Binance said it completed the first stage of airdropping new Terra Luna (LUNA) tokens to holders of Terra Luna Classic (LUNC), TerraUSD (USTC) and AnchorUST (aUST).  The distribution was based on "pre-attack" and "post-attack" snapshots of token holders taken at LUNC block height 7,544,910 at 1

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Price analysis 5/23: BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT, AVAX, SHIB

by Coy Buckley

Bitcoin and the major altcoins have bounced off their immediate support levels, paving the way for a possible relief rally in the short term. 11786 Total views 65 Total shares The United States equity markets are attempting a recovery after weeks of relentless selling. Along similar lines, on-chain monitoring resource Material Indicators expects the crypto market to recover, but they anticipate Bitcoin (BTC) to spend some time in a range before

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Anonymous culture in crypto may be losing its relevance

by John Stapel

Although anonymous teams have built some of the leading infrastructure in crypto, many new participants in the ecosystem are using their real identities. 1882 Total views 15 Total shares Crypto has inherited many values that were popularized in the early days of the internet.  Many participants in the crypto space have been anonymous since the beginning of Bitcoin (BTC), since using this digital money offers a certain degree of anonymity so lon

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Singapore to explore digital asset tokenization on public chains

by John Stapel

The project will see MAS explore DeFi applications in wholesale funding markets by establishing a liquidity pool of tokenized bonds and deposits. 1766 Total views 26 Total shares The Monetary Authority of Singapore (MAS) has launched Project Guardian, a blockchain-based digital assets trial that will use tokenization. The project will include regulated financial institutions serving as "trust anchors," with a pilot involving JP Morgan, DBS Bank

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NFT 2.0: The next generation of NFTs will be streamlined and trustworthy

by John Stapel

NFTs are moving into the mainstream, but this requires a streamlined and trustworthy experience for the general public’s mass adoption. 10095 Total views 36 Total shares Nonfungible tokens (NFTs) have been in the headlines for the past few years. While swaths of the population have tried to get their head around why NFTs exist, demand has soared, institutions have been built, and the lingo has entered our collective consciousness. There

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How to get a job in the Metaverse and Web3

by Coy Buckley

To land a job in the Metaverse and Web3, possess the right skills, interact and network with people, build your brand, create content, and increase your exposure in the crypto market. 1842 Total views 49 Total shares Can you work in the Metaverse? The Metaverse is the next big career path on which to land an ideal job with firms like Meta, Roblox, Microsoft, OpenSea, The Sandbox (SAND), and the many others constructing it. So, if you want to kn

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Identity is the antidote for DEXs’ regulation problem

by John Stapel

Regulations are coming, and DEXs need to step it up to survive, requiring KYC to weather the upcoming regulatory storm. 2357 Total views 33 Total shares Regulators from Europe, the United States and elsewhere are busily hammering out details on how to designate decentralized exchanges (DEXs) as “brokers,” transaction agents or similar entities that affect a transfer and cooperate with each other. The U.S. called for multinational cooperation

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JPMorgan sees higher BTC price potential, a16z unveils $4.5 billion crypto fund and PayPal hints at more crypto involvement: Hodler’s Digest, May 22-28

by Coy Buckley

Coming every Saturday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link. Top Stories This Week Andreessen Horowitz closes $4.5 billion crypto fund amid market turmoil Venture capital player Andreessen Horowitz, or a16z, has unveiled a new $4.5 billion cryptocurrency fund. The a16

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Market-cleansing bear cycles are healthy, say industry experts

by John Stapel

Analysts say the crypto bear market should not be feared because it offers potentially greater opportunities for growth and profits than a bull market, so traders should be taking note. 5254 Total views 84 Total shares Crypto markets are undeniably bearish, but some industry insiders believe these conditions will shake out the bad actors and create greater opportunities for future participants. Traders tend to lament the negative price action an

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6 Questions for Andrew Levine of Koinos Group

by Coy Buckley

We ask the buidlers in the blockchain and cryptocurrency sector for their thoughts on the industry… and throw in a few random zingers to keep them on their toes! This week, our 6 Questions go to Andrew Levine, CEO of Koinos Group, which is focused on accelerating the transition to a more decentralized future by helping entrepreneurial developers, entrepreneurs and enterprises build disruptive blockchain-based solutions. Andrew leads a team of industry veterans accelerating decentraliz

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Terra 2.0 relaunches according to Do Kwon's revival plan

by John Stapel

The Terra 2.0 mainnet (Phoenix-1) went live today as per the original timeline set by Terra developers and started producing blocks. 23420 Total views 54 Total shares Do Kwon, the co-founder and CEO of Terraform Labs, confirmed the relaunch of Terra’s new chain, Terra 2.0, which aims to revive the fallen Terra (LUNA) and TerraUSD (UST) ecosystem.  Kwon’s revival plan for Terra involves hard forking the existing blockchain and reissuing LUN

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The increasingly acute need for crypto-native insurance

by Coy Buckley

Traditional insurance isn’t going to step up and protect our crypto assets, so we need to do it ourselves, in a decentralized manner. 2867 Total views 38 Total shares The insurance industry has a long history of providing vital support for major leaps in innovation. It’s no coincidence that the modern insurance industry and the industrial revolution arose in parallel. Indeed, it has been convincingly argued that the invention of fire and pro

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The increasingly acute need for crypto-native insurance

by John Stapel

Traditional insurance isn’t going to step up and protect our crypto assets, so we need to do it ourselves, in a decentralized manner. 2827 Total views 38 Total shares The insurance industry has a long history of providing vital support for major leaps in innovation. It’s no coincidence that the modern insurance industry and the industrial revolution arose in parallel. Indeed, it has been convincingly argued that the invention of fire and pro

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Tether launches stablecoin pegged to pesos on Ethereum, Tron and Polygon

by John Stapel

The announcement highlighted that this may spark the launch of more peso-backed stablecoins within the region. 7754 Total views 87 Total shares Amid market issues surrounding stablecoins, Tether (USDT) launched a new digital asset that will be pegged to the Mexican peso on Ethereum (ETH), Tron (TRX) and Polygon (MATIC) networks.  In an announcement sent to Cointelegraph on Thursday, Tether mentioned that the token will have the MXNT ticker and

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Identity and the Metaverse: Decentralized control

by Coy Buckley

What will our identity look like in the Metaverse? A decentralized Web3 suggests it’ll be completely in our control, but growing amounts of information stored online suggest otherwise. 2043 Total views 42 Total shares “The Metaverse” and “Web3” are the buzzwords of the moment, with their concepts permeating across the worlds of fintech, blockchain, and now even mainstream media. With decentralization thought to be at the core of the We

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Cryptopedia: Learn the concepts behind stablecoins and how they work

by John Stapel

Cointelegraph breaks down stablecoins and how they give users a way to safely store their assets without worrying about depreciation. 2372 Total views 10 Total shares Cointelegraph’s director of video production Jackson DuMont dissected stablecoins in the latest episode of Cryptopedia. DuMont also explored and explained algorithmic stablecoins and the recent incident involving the TerraUSD (UST) and why it was unable to maintain its dollar peg.  DuMont defined

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The Brazilian Stock Exchange will launch Bitcoin and Ethereum futures

by Coy Buckley

Chief financial officer André Milanez said that the product will launch within the next si months. 2552 Total views 86 Total shares B3, the Brazilian Stock Exchange, confirmed that within six months it intends to launch its first official product aimed at the cryptocurrency market — Bitcoin (BTC) futures trading. The group's chief financial officer, André Milanez, made the announcement during a conference call on Monday. Milanez did not prov

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WEMIX gains 200%+ after stablecoin and boosted staking rewards announcement

by John Stapel

New partnerships, a mainnet upgrade and plans to launch a stablecoin appear to have triggered a 200% rally in WEMIX price. 1213 Total views 9 Total shares Blockchain-based gaming, also known as GameFi, is an up-and-coming sector that could potentially be one of the primary catalysts for kickstarting the mass adoption of blockchain technology. WEMIX, a gaming protocol that operates on the Klaytn network, aims to get in on the GameFi revolution an

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Polkadot parachains spike after the launch of a $250M aUSD stablecoin fund

by John Stapel

Polkadot parachains posted double-digit gains after partnership announcements, protocol integrations and a stablecoin development fund caught the attention of the crypto investors. 9027 Total views 31 Total shares Crypto prices have been exploring new lows for weeks and currently it's unclear what it will take to reverse the trend. Despite the downtrend, cryptocurrencies within the Polkadot (DOT) ecosystem began to rally on May 24 and have manag

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Powers On… When will we learn from recent history to protect our crypto and ourselves?

by John Stapel

Stablecoins provide a false sense of security. They give the impression to the uninitiated and/or uncaring that a particular coin is pegged to the U.S. dollar, or an equivalent of the dollar in terms of value and stability, and that if you want to convert your stablecoin to dollars, you can do so easily and instantaneously. Yet, they do no such thing, as demonstrated by the recent collapse of Terra and its TerraUSD stablecoin and LUNA token and also made clear in September 2008 by the col

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Mercado Bitcoin partners with Stellar to create MVP for Brazilian CBDC

by John Stapel

Cryptocurrency companies unite to create use cases for Brazil’s CBDC with central bank approval. 3170 Total views 19 Total shares Brazilian exchange Mercado Bitcoin announced its partnership with the Stellar Development Foundation (SDF) on Tuesday. The company said it intends to develop one of the nine projects selected for the LIFT Challenge Real Digital, promoted by the Central Bank of Brazil. The LIFT Challenge Real Digital is a collaborati

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Needed: A massive education project to fight hacks and scams

by Coy Buckley

Scams are shattering mainstream confidence in crypto, perhaps irreparably. A large-scale, coordinated education initiative can help ensure that they don’t. 1918 Total views 11 Total shares The common narrative around the prevailing threats to mainstream adoption of cryptocurrencies is that regulators will put the kibosh on their legality, it has to get much easier for “ordinary” people to use, and the magnitude of its volatility has to be

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Injective partners with Wormhole to bring 10 new blockchains to the platform

by John Stapel

“Users will soon find Wormhole integrated into the backend of the Injective Bridge whereby transferring assets from distinct EVM chains or Solana can be done with the click of a button,” Injective Labs stated. 1170 Total views 29 Total shares Decentralized finance (DeFi) protocol Injective (INJ) has partnered with Wormhole to integrate “10 new blockchains” to its network. Injective is a Cosmos layer-2 decentralized exchange (DEX) that o

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Price analysis 5/23: BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT, AVAX, SHIB

by Coy Buckley

Bitcoin and the major altcoins have bounced off their immediate support levels, paving the way for a possible relief rally in the short term. 11220 Total views 65 Total shares The United States equity markets are attempting a recovery after weeks of relentless selling. Along similar lines, on-chain monitoring resource Material Indicators expects the crypto market to recover, but they anticipate Bitcoin (BTC) to spend some time in a range before

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Crypto is changing how humanitarian agencies deliver aid and services

by John Stapel

The primary use case for cryptocurrency in most wealthy countries is acquiring it and holding it, trading it, or using it in various other ways to make more money. In the developing world, where access to financial and banking systems is limited or nonexistent, innovative humanitarian organizations are piloting micro-blockchain ecosystems. In the summer of 2021, Hope for Haiti was ready to launch a cryptocurrency pilot program to provide 150 mothers with cellphones, digital wallets and paym

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WeWork founder reinvents himself with $70M crypto carbon credit platform

by Coy Buckley

Coworking space founder and billionaire Adam Neumann is trying his hand in the crypto space, raising $70 million for his blockchain-powered climate tech platform Flowcarbon. 2873 Total views 33 Total shares Three years after being ousted as CEO of WeWork, Adam Neumann has jumped on the crypto bandwagon, raising $70 million in the first major funding round for his climate tech venture Flowcarbon. The project aims to make carbon trading more acces

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GameStop unveils beta cryptocurrency wallet and upcoming NFT platform

by John Stapel

GameStop launches an Ethereum-powered self-custodial wallet that is set to integrate with an upcoming NFT marketplace. 2479 Total views 95 Total shares American electronics retail firm GameStop has taken a step into the world of cryptocurrencies, unveiling a proprietary blockchain wallet that will feature nonfungible token functionality. The GameStop Wallet will allow gamers to acquire, send and store Ether (ETH), ERC-20 tokens and NFTs through

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Price analysis 4/22: BTC, ETH, BNB, XRP, SOL, ADA, LUNA, AVAX, DOGE, DOT

by Coy Buckley

Bitcoin and altcoins continue to bounce off underlying support areas, raising the chance that a sharp down-side move could occur. 23088 Total views 44 Total shares Bitcoin (BTC) turned down sharply on April 21, maintaining its tight correlation with the U.S. equity markets, which reversed direction after U.S. Federal Reserve Chair Jerome Powell hinted that a 50 basis point rate hike was “on the table” in May. The selling has continued on Apr

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The meaningful shift from Bitcoin maximalism to Bitcoin realism

by Coy Buckley

Signs pointing to Bitcoin’s steady maturity and growth in the crypto space and beyond are undeniable, making a case for the cryptocurrency being the ultimate digital reserve asset. 8461 Total views 51 Total shares There was a time when all cryptocurrencies traded against Bitcoin (BTC). Speculators ventured into other coins when they saw assuring tokenomics or promising hype, but Bitcoin was their settlement coin of choice. Things have changed.

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Terra’s meltdown highlights benefits of CEX risk-management systems

by John Stapel

The Terra collapse demonstrates why crypto exchanges need advanced risk management systems — especially when providing access to DeFi protocols offering favorable yields. 4567 Total views 73 Total shares The collapse of Terra’s ecosystem — namely, native coin LUNA and algorithmic stablecoin TerraUSD (UST) — rocked the wider blockchain and cryptocurrency ecosystem. Not only did Terra-ecosystem tokens (such as Anchor’s ANC) collapse in v

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The Moon ‘created’ his lavish reality… and says you can, too

by Coy Buckley

In the space of a few short years, former high-school dropout cashier from Sweden Carl “The Moon” Runefelt has been transformed into a top crypto influencer who shares videos of his life of private jets, supercars and million-dollar watches that inspire his followers and annoy his critics.   Drawing from quantum physics, he has an explanation for his unlikely success — the universe isn’t real but is merely a construction of our minds in which we are able to rearrange reality to matc

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Stake or DApp? With liquid staking, you don’t have to choose

by Coy Buckley

Implementation of liquid staking addresses worrisome price fluctuations and helps users to generate higher rewards by combining staking payouts and DApp yield. 4930 Total views 33 Total shares Last summer, Polkadot made its own little bit of history after confirming the first five projects to occupy parachain slots on its canary network Kusama. Disparate blockchains that bolt onto Polkadot’s main Relay Chain for security, yet are otherwise ind

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Terra’s meltdown highlights benefits of CEX risk-management systems

by John Stapel

The Terra collapse demonstrates why crypto exchanges need advanced risk management systems — especially when providing access to DeFi protocols offering favorable yields. 4101 Total views 73 Total shares The collapse of Terra’s ecosystem — namely, native coin LUNA and algorithmic stablecoin TerraUSD (UST) — rocked the wider blockchain and cryptocurrency ecosystem. Not only did Terra-ecosystem tokens (such as Anchor’s ANC) collapse in v

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What really goes on at a crypto OTC desk?

by Coy Buckley

Over-the-counter, or OTC, trading refers to any trading that is not done via an automated exchange. What exactly is OTC trading? Who does it, and why? To learn more about what an OTC desk is and how these “under the radar” exchanges operate, Magazine spoke to a few insiders to get the scoop. The most popular conception of OTC trading revolves around massive off-market deals, like when companies such as MicroStrategy make multimillion-dollar purchases using OTC desks run by the likes of C

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Needed: A massive education project to fight hacks and scams

by John Stapel

Scams are shattering mainstream confidence in crypto, perhaps irreparably. A large-scale, coordinated education initiative can help ensure that they don’t. 1520 Total views 11 Total shares The common narrative around the prevailing threats to mainstream adoption of cryptocurrencies is that regulators will put the kibosh on their legality, it has to get much easier for “ordinary” people to use, and the magnitude of its volatility has to be

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MSP Recovery joins forces with Tokenology to release tokenized healthcare initiative

by John Stapel

Launching on the Polygon network, the LifeChain platform is intended to vastly reduce occurrences of fraud within the U.S healthcare system. 1955 Total views 29 Total shares MSP Recovery LLC, a healthcare recovery firm based in Miami, United States and valued in the region of $32.6 billion, has announced a collaborative partnership with Web3 solution Tokenology to launch a fraud-prevention blockchain platform, titled Lifechain. Lifechain will se

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Hyperledger Foundation deploy new versions of three blockchain tools to enhance ecosystem

by John Stapel

Two of the releases are in their primary iteration, while the latter titled Iroha is a preview version of its second release. 1073 Total views 43 Total shares Enterprise blockchain firm Hyperledger Foundation has announced the development and release of three roadmap projects: Cactus 1.0, FireFly 1.0 and a preview version of Iroha 2.0's long-term support (LTS). Operating under the umbrella of the Linux Foundation, Hyperledger supports an ecosyst

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Price analysis 4/27: BTC, ETH, BNB, XRP, SOL, LUNA, ADA, AVAX, DOGE, DOT

by Coy Buckley

BTC and select altcoins could be gearing up for an oversold move, but traders beware, it's likely to be a dead cat bounce. 10450 Total views 36 Total shares The U.S. dollar index (DXY) has risen above the highs created in March 2020 and may next challenge the multi-year highs set in January 2017. Bitcoin’s (BTC) price action is generally inversely connected to DXY. Therefore, unless the dollar reverses its sharp uptrend, a strong recovery in B

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Royal Museum of Fine Arts Antwerp tokenizes million-euro classic masterpiece

by Coy Buckley

Tokeny claims the tokens are complaint with both the Ethereum and Polygon blockchains. 2068 Total views 50 Total shares According to blockchain digitization provider Tokeny, on Monday, the Royal Museum of Fine Arts Antwerp (KMSKA) became the first European museum to tokenize investment in fine art, starting with Belgian painter James Ensor's (1860–1949) painting, "Carnaval de Binche." Investors can obtain fractional ownership of the work sta

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Needed: A massive education project to fight hacks and scams

by John Stapel

Scams are shattering mainstream confidence in crypto, perhaps irreparably. A large-scale, coordinated education initiative can help ensure that they don’t. 870 Total views 30 Total shares The common narrative around the prevailing threats to mainstream adoption of cryptocurrencies is that regulators will put the kibosh on their legality, it has to get much easier for “ordinary” people to use, and the magnitude of its volatility has to be t

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How NFTs are making real estate investments more attainable

by John Stapel

Although real estate is often considered a safer investment over stocks, it isn’t for everyone, a reality leading many to look to the digital realm as an alternative. 2270 Total views 58 Total shares Analysts continue to view real estate as a secure and lucrative investment based on its history of higher returns, especially when compared to traditional stocks.  In many ways, stability can be likened to the scarcity principle driving dem

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The United States turns its attention to stablecoin regulation

by Coy Buckley

The U.S. continues to be a global leader in regulating and embracing the cryptocurrency industry, but the Stablecoin TRUST Act may set up some barriers for newcomers. 15821 Total views 105 Total shares The United States continues to be a global leader in embracing the cryptocurrency industry thanks to the work of Sen. Patrick Toomey, with the White House being at the forefront of crypto regulation. Last year, President Joe Biden signed a $1.2 tr

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SWIFT, Capgemini team up to test using the international network for CBDC transfers

by John Stapel

The bank messaging service, which dates back to the 1970s, is looking to connect CBDCs to each other and to traditional currencies as it tries to stay up to date. 3348 Total views 44 Total shares The Society for Worldwide Interbank Financial Telecommunication, or SWIFT, the Belgian financial messaging network used by banks in international money transfers, announced Thursday that it is teaming up with French IT company Capgemini to conduct exper

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Crypto giants co-launch Chainabuse platform to water down rising scams

by John Stapel

Chainabuse allows crypto users, victims of financial crimes and crypto businesses to report, discuss and actively issue warnings to reduce the effectiveness of scams. 3590 Total views 71 Total shares Seven major crypto companies — Binance.US, Circle, Solana Foundation, The Aave Companies, Hedera, TRM Labs and Civic — joined hands to launch a community-driven scam reporting tool. Named Chainabuse, the tool aims to enable crypto users to issue

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The Brazilian Stock Exchange will launch Bitcoin and Ethereum futures

by Coy Buckley

Chief financial officer André Milanez said that the product will launch within the next si months. 2357 Total views 86 Total shares B3, the Brazilian Stock Exchange, confirmed that within six months it intends to launch its first official product aimed at the cryptocurrency market — Bitcoin (BTC) futures trading. The group's chief financial officer, André Milanez, made the announcement during a conference call on Monday. Milanez did not prov

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Exploiting sports fans through NFTs won’t lead to a W

by John Stapel

Sports-related NFTs need to provide some tangible benefits or else sports fans will just view them as another ploy to exploit their fan loyalty. 1192 Total views 72 Total shares In his monthly crypto tech column, Israeli serial entrepreneur Ariel Shapira covers emerging technologies within the crypto, decentralized finance (DeFi) and blockchain space, as well as their roles in shaping the economy of the 21st century. Die-hard sports fans first

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Metaverse-as-a-service will be the basis of the next internet era of Web3

by Coy Buckley

The success and mass adoption of the Metaverse relies on the ability of users to build their own — in other words, utilizing metaverse-as-a-service technology. 15341 Total views 77 Total shares The concept of the Metaverse has been around since the 1980s, but it has only been in recent years that we’ve seen hundreds of projects popping up on the scene. What we are currently experiencing are gamified worlds with limited integration and engage

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Ethereum analytics firm Nansen acquires DeFi tracker Ape Board

by John Stapel

Blockchain analytics firm Nansen to launch a new portfolio tracker integrated with the rest of its features with the new acquisition. 2182 Total views 67 Total shares Major Ethereum blockchain analytics platform Nansen continues scaling its operations by acquiring a cross-chain decentralized finance (DeFi) tracker. Nansen has acquired the multi-chain portfolio tracker Ape Board in an eight-figure deal, the firm announced to Cointelegraph on Tues

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Price analysis 5/13: BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT, AVAX, SHIB

by Coy Buckley

Traders are hopeful that Bitcoin can stage a relief rally within the $30,000 to $35,000 range, but selling at resistance could still keep BTC and altcoins in a strong bear trend. 16769 Total views 41 Total shares Bitcoin (BTC) rebounded sharply after dropping near its realized price of $24,000 on May 12, suggesting some bulls went against the herd and bought the dip. According to on-chain analytics platform CryptoQuant, the exchange balances dec

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Theta Labs to help Sony launch 3D NFTs compatible with Spatial Reality Display

by Coy Buckley

The Spatial Reality Display lets people view the nonfungible tokens in 3D without the need for 3D glasses. 7272 Total views 63 Total shares Japanese conglomerate Sony Electronics collaborates with blockchain video delivery network Theta Labs to launch nonfungible tokens (NFTs) that can be viewed in mixed reality through Sony's Spatial Reality Display, a monitor that lets people perceive things in 3D without using traditional 3D accessories.  Th

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Tally Labs strives to expand decentralized content ecosystem with $12M funding

by John Stapel

The announcement of the firm's inaugural capital raise from prominent investors is set to propel the vision for the construction of decentralized content representing communities from across the NFT space. 1338 Total views 36 Total shares Tally Labs, a Web3 media company that oversees the business operations and infrastructural software development of Jenkins the Valet — a fictional nonfungible token (NFT) project orientated around the life of

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NFT prices take a gut punch as the crypto bear market deepens

by John Stapel

NFT sell volume declines sharply after Terra’s blow up led to stablecoins dropping their peg and Bitcoin’s dip below $30,000 raises fear of a prolonged bear market. 2492 Total views 52 Total shares Without fail, crypto has a way of humbling even the most self-assured and this market is definitely not for the faint of heart. Nonfungible token (NFT) investors have entered what appears to be a bear market and the recent chaos is also impactin

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DOT rallies 12% in a day as Polkadot gears up to solve a major blockchain hacking problem

by Coy Buckley

But the token still risks falling by more than 30% based on a classic bearish continuation setup. 6550 Total views 31 Total shares Polkadot (DOT) price ticked higher in the past 24 hours on anticipations that its new cross-chain communications protocol would solve a long-standing problem in the blockchain sector. DOT price gains 12% on XCM launch Bulls pushed DOT's price to $16.44 on May 5 from $14.72 a day before, gaining a little over 12% as

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Binance CEO CZ to support Terra community but expects more transparency

by John Stapel

Pointing out the potential issues with forking Terra, CZ said that “Minting, forking, don’t create value.” 39644 Total views 182 Total shares Changpeng “CZ” Zhao, the CEO of crypto exchange Binance, recently questioned the idea of hard forking the Terra blockchain as a means to revive the once-thriving Terra (LUNA) and TerraUSD (UST) ecosystems. Following up on the same, CZ revealed his perspective on the appropriate course of action

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CBDC activity heats up, but few projects move beyond pilot stage

by Coy Buckley

Does government-issued digital money pose an existential threat to cryptocurrencies? Probably not, but stablecoin usage could narrow. 2366 Total views 50 Total shares Government-issued electronic currency seems to be an idea whose time has come.  “More than half of the world’s central banks are now developing digital currencies or running concrete experiments on them,” reported the Bank for International Settlements, or BIS, in early May

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DeFi transforming lending routes on the blockchain

by John Stapel

Decentralized routes of lending and borrowing through smart contracts are allowing DeFi finally to overthrow the traditional finance sector. 4266 Total views 38 Total shares The world of decentralized finance (DeFi) is gradually expanding to encompass a significant share of the global financial lending space by virtue of the inherently trustless manner of operation and the ease of accessing capital. As the crypto ecosystem has grown to a $2-tril

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Price analysis 4/20: BTC, ETH, BNB, XRP, SOL, ADA, LUNA, AVAX, DOGE, DOT

by Coy Buckley

BTC and altcoins remain stuck within a tight range, suggesting that the sideways trading could continue in the short-term. 9060 Total views 48 Total shares The U.S. dollar currency index (DXY) turned down sharply after rising above 101 on April 20 but this weakness in the dollar has not helped Bitcoin (BTC), possibly because the SP 500 is struggling to build upon its strong rally on April 19. This indicates that Bitcoin remains tightly correlat

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Welcome to Mars: I own everything, have total privacy, and life has never been better

by John Stapel

While people on Earth are still expecting decentralized tech mass adoption, decentralization is the only way for people on Mars to organize their, well, everything. 7343 Total views 29 Total shares This is a parody of the article published by the World Economic Forum titled “Welcome to 2030. I Own Nothing, Have No Privacy And Life Has Never Been Better.” Welcome to Mars. Welcome to my city, or should I say “our city” because I, lik

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How to avoid front runners on decentralized crypto exchanges

by Coy Buckley

Splitting the transaction into multiple smaller transactions, periodic auction matching, and adjusting the low slippage are various ways to avoid front-running. 5089 Total views 74 Total shares Decentralized exchanges (DEXs) nip in the bud several issues concerning their centralized counterparts such as concentration of liquidity in the hands of a few players, compromise of funds in case of a security breach, closed control structure and more.

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DAOs, DEXs and whales? How Web3 organizations became the new crypto beasts

by John Stapel

The upcoming whale migration is heading to cold DAO-infested waters. What can the industry do to accommodate the growing needs of this new breed of crypto investors? 3699 Total views 6 Total shares Web3 has brought a lot of excitement into the industry, as evidenced by the nearly $50 billion market capitalization Web3 tokens have grown in recent years. The very ethos of Web3 is one of its most attractive traits. It is an ecosystem free from barr

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Madonna’s nude NFT launch triggers a mix of emotions from the community

by Coy Buckley

From being inspired to bashing the artwork’s “flaws,” the community responded to Madonna and Beeple’s latest NFT drop. 9008 Total views 54 Total shares The queen of pop has collaborated with record-setting artist Beeple to create a series called Mother of Creation, which includes three nonfungible tokens (NFTs) titled Mother of Technology, Mother of Nature and Mother of Evolution. The NFTs show a 3D likeness of Madonna giving birth to ro

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Metaverse-as-a-service will be the basis of the next internet era of Web3

by John Stapel

The success and mass adoption of the Metaverse relies on the ability of users to build their own. In other words, utilizing metaverse-as-a-service technology. 12537 Total views 77 Total shares The concept of the Metaverse has been around since the 1980s, but it has only been in recent years that we’ve seen hundreds of projects popping up on the scene. What we are currently experiencing are gamified worlds with limited integration and engagemen

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Aurora launches $90M fund to finance DeFi apps on Near Protocol

by John Stapel

Aurora, an EVM scaling mechanism on the Near protocol, has launched a $90 million token fund in partnership with Proximity Labs to attract new developers. 3013 Total views 43 Total shares Aurora, an Ethereum Virtual Machine (EVM) designed to scale decentralized applications (DApps) built on the Near protocol, has launched a token fund worth $90 million.  The fund was launched today in partnership with Proximity Labs and will be focused on finan

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How to protect yourself from the recent spate of ‘crypto muggings’

by John Stapel

Cointelegraph spoke with security experts who shared tips on how to keep crypto safe after a slew of robberies in the U.K. successfully stole thousands worth of crypto from everyday holders. 6242 Total views 48 Total shares There has been a spate of “crypto muggings” in London recently, with thieves threatening crypto holders with violence unless they transfer over their digital currencies held in mobile phone wallets or on crypto exchanges.

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Bitcoin gains superior to stocks in the long term, economist says

by Coy Buckley

Crypto is more volatile than stocks and thus is associated with higher risks, but it also offers better return opportunities, industry executives agree. 2718 Total views 47 Total shares The recent crashes in stock and cryptocurrency markets have provided yet another chance to observe the better return opportunities of crypto versus stocks, according to several industry executives. This week, the crypto market saw one of its biggest sell-offs eve

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Breaking: Binance suspends LUNA and UST trading amid issues on Terra blockchain

by John Stapel

Binance suspended LUNA/BUSD and UST/BUSD on its spot trading platform following the halting of the Terra blockchain. 15409 Total views 92 Total shares Global cryptocurrency exchange Binance has suspended trading pairs with Terra (LUNA) ecosystem's cryptocurrencies, LUNA and TerraUSD (UST), on its platform following the major crash of the algorithmic stablecoin. Binance confirmed the move on May 13, with spot trading for LUNA/BUSD and UST/BUSD t

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Ether whales get busy as transactions hit highest point since January

by John Stapel

Ether whales have been transacting a huge volume of ETH, marking the highest one-day whale activity since January. 18888 Total views 53 Total shares Despite widespread losses being posted throughout the crypto market, Ether whales have been busy buying and selling Ether (ETH) at a rate not seen since January this year. According to data from Santiment, Ether whales made a total of 2,956 transactions, each valued at over $1 million on Wednesday,

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Price analysis 4/22: BTC, ETH, BNB, XRP, SOL, ADA, LUNA, AVAX, DOGE, DOT

by Coy Buckley

Bitcoin and altcoins continue to bounce off underlying support areas, raising the chance that a sharp down-side move could occur. 23006 Total views 44 Total shares Bitcoin (BTC) turned down sharply on April 21, maintaining its tight correlation with the U.S. equity markets, which reversed direction after U.S. Federal Reserve Chair Jerome Powell hinted that a 50 basis point rate hike was “on the table” in May. The selling has continued on Apr

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There’s more to NFTs than just PFPs — 5 ways nonfungible tokens will transform society

by Coy Buckley

NFT art continues to grow in popularity, but what other industries could the technology disrupt in the next few years? 10621 Total views 66 Total shares The nonfungible token (NFT) sector has undergone a surge in popularity over the past year and a half as projects like Bored Ape Yacht Club and CryptoPunks captured the attention of the general public.  While the idea of fetching a six-figure payday for the latest trending digital art piece has

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What happened? Terra debacle exposes flaws plaguing the crypto industry

by John Stapel

The downfall of Terra calls into question the real-world utility as well as the long-term viability of algorithmic stablecoins. 5108 Total views 50 Total shares The past week has been a dark period in the history of crypto, with the total market capitalization of this industry dipping as low as $1.2 trillion for the first time since July 2021. The turmoil, in large part, has been due to the real-time disintegration of Terra, a Cosmos-based proto

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PancakeSwap governance proposal set to cap CAKE supply at 750M

by John Stapel

A snapshot motion issued by the PancakeSwap team received over 11 million CAKE votes since commencement, with the majority of participants favoring the v2 evolution. 4364 Total views 15 Total shares PancakeSwap, the decentralized finance (DeFi) application built on Binance Smart Chain, synonymous with its automated market maker (AMM) service and its quirky branding style, has released a governance proposal for the second iteration of its tokenom

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Madonna’s nude NFT launch triggers a mix of emotions from the community

by Coy Buckley

From being inspired to bashing the artwork’s “flaws,” the community responded to Madonna and Beeple’s latest NFT drop. 6417 Total views 78 Total shares The queen of pop has collaborated with record-setting artist Beeple to create a series called Mother of Creation, which includes three nonfungible tokens (NFTs) titled Mother of Technology, Mother of Nature and Mother of Evolution. The NFTs show a 3D likeness of Madonna giving birth to ro

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Nouriel Roubini oversees the development of tokenized dollar replacement

by John Stapel

Nouriel Roubini is helping develop a tokenized financial instrument aiming to act as an alternative to the USD for major investors. 2542 Total views 29 Total shares Economist and cryptocurrency critic Nouriel Roubini is heading up the development of a tokenized asset to combat fears of rampant economic stagnation and inflation. Roubini has long been a skeptic of the cryptocurrency space, which makes his own foray into the world of digitized fina

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Minecraft-linked developers draw up pledge for NFT and digital asset engagement

by Coy Buckley

The group did not appear to be entirely satisfied with the current direction of GameFi. 2313 Total views 50 Total shares Over the weekend, Climate Replay, which comprises developers from the Mojang Group, the maker of the popular Minecraft series, posted a pledge regarding the responsible integration of nonfungible tokens, or NFTs, and digital currencies into gaming. "Games give us hope in a world that is increasingly uncertain. They help us unl

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Tether to move over 1B USDT from Tron to Ethereum and Avalanche

by John Stapel

One billion USDT will be transferred to the Ethereum blockchain, while another 20 million USDT will go to Avalanche. 2317 Total views 33 Total shares Following recent developments in the sphere of stablecoins, Tether (USDT) has announced that it’s coordinating a chain swap to transfer USDT assets from Tron’s TRC-20 to Ethereum and Avalanche’s blockchain.  In a tweet, Tether said that 1 billion USDT will be moved from Tron’s blockchain t

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What are the top 3 trending altcoins to buy in 2022? | Find out now on The Market Report

by Coy Buckley

On this week’s episode of “The Market Report,” Cointelegraph’s resident experts discuss the top three trending altcoins to buy in 2022 8254 Total views 76 Total shares The Market Report with Cointelegraph is live right now. On this week’s show, Cointelegraph’s resident experts discuss the top three trending altcoins you might want to consider looking at in 2022. But first, market expert Marcel Pechman carefully examines the Bitcoin (BTC) and Ether (ET

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More than a third of AMC online payments are crypto or digital — CEO

by John Stapel

“Taken together, these various new payment options, impressively, recently represented about 35% of our total online payments,” said AMC Theatres CEO Adam Aron. 3345 Total views 51 Total shares AMC Theatres CEO Adam Aron stated that crypto along with several other digital payment methods recently accounted for 35% of its online payments. The popular cinema chain has gradually been working on various crypto adoption plays after first rolling

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Staking via hardware crypto wallet: Ledger exec explains how it works

by John Stapel

Hardware wallet-based staking offers more security and freedom than staking via software wallets and crypto exchanges, according to the head of Ledger Enterprise. 4744 Total views 64 Total shares As cryptocurrency staking is growing increasingly popular, one may wonder about staking opportunities of not only crypto exchanges or software wallets but also hardware wallets. By definition, staking allows investors to earn crypto without selling thei

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Virginia county wants to put pension funds into DeFi yield farming

by Coy Buckley

The next few days will see a decision made, which if approved would be the first time pension fund money was used in decentralized finance. 3819 Total views 61 Total shares The Northern Virginia county of Fairfax has already invested a part of its pension funds in crypto and blockchain startups. Now, it’s mulling over deeper involvement with decentralized finance (DeFi) yield farming. The Fairfax County Police Pension System’s chief investme

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Price analysis 4/13: BTC, ETH, BNB, SOL, XRP, ADA, LUNA, AVAX, DOT, DOGE

by Coy Buckley

Bitcoin and altcoins are attempting a recovery, but the bulls are likely to encounter stiff resistance at higher levels. 12460 Total views 38 Total shares Bitcoin (BTC) and major altcoins are attempting a recovery after the sharp fall on April 11. According to Glassnode’s recent weekly report, Bitcoin has witnessed a “modest volume of profit-taking by investors” since mid-February, which could “be providing sufficient headwinds to prices

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How to avoid front runners on decentralized crypto exchanges

by Coy Buckley

Splitting the transaction into multiple smaller transactions, periodic auction matching, and adjusting the low slippage are various ways to avoid front-running. 4744 Total views 74 Total shares Decentralized exchanges (DEXs) nip in the bud several issues concerning their centralized counterparts such as concentration of liquidity in the hands of a few players, compromise of funds in case of a security breach, closed control structure and more.

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There’s more to NFTs than just PFPs — 5 ways nonfungible tokens will transform society

by John Stapel

NFT art continues to grow in popularity, but what other industries could the technology disrupt in the next few years? 7184 Total views 66 Total shares The nonfungible token (NFT) sector has undergone a surge in popularity over the past year and a half as projects like Bored Ape Yacht Club and CryptoPunks captured the attention of the general public.  While the idea of fetching a six-figure payday for the latest trending digital art piece has b

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The United States turns its attention to stablecoin regulation

by Coy Buckley

The U.S. continues to be a global leader in regulating and embracing the cryptocurrency industry, but the Stablecoin TRUST Act may set up some barriers for newcomers. 14106 Total views 105 Total shares The United States continues to be a global leader in embracing the cryptocurrency industry thanks to the work of Sen. Patrick Toomey, with the White House being at the forefront of crypto regulation. Last year, President Joe Biden signed a $1.2 tr

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There’s more to NFTs than just PFPs — 5 ways nonfungible tokens will transform society

by John Stapel

NFT art continues to grow in popularity, but what other industries could the technology disrupt in the next few years? 6211 Total views 66 Total shares The nonfungible token (NFT) sector has undergone a surge in popularity over the past year and a half as projects like Bored Ape Yacht Club and CryptoPunks captured the attention of the general public.  While the idea of fetching a six-figure payday for the latest trending digital art piece has b

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US Fed hikes interest rates, Bitcoin plunges below $36K, and Argentina’s central bank says no to financial institutions offering crypto: Hodler’s Digest, May 1-7

by John Stapel

Coming every Saturday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link. Top Stories This Week Fed hikes interest rates by 50 basis points in effort to combat inflation On Wednesday, the United States Federal Open Market Committee (FOMC) voted to raise interest rates by 0.5%, mar

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Here is why Germany is ranked the most crypto-friendly country

by Coy Buckley

The journey from crypto skepticism to enthusiasm: What allowed Germany to become the most attractive country for crypto investments? 9888 Total views 72 Total shares In her monthly Expert Take column, Selva Ozelli, an international tax attorney and CPA, covers the intersection between emerging technologies and sustainability, and provides the latest developments around taxes, AML/CFT regulations and legal issues affecting crypto and blockchain.

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Plain talk about NFTs: What they have been and what they are becoming

by John Stapel

The real value of NFTs lies in empowering artists, creators and collectors to enforce their rights to distribute, resell and collect. 1207 Total views 27 Total shares There’s been a tremendous amount of hype and misinformation about nonfungible tokens (NFTs) since they appeared on the scene in 2014, particularly since the total market for them passed $24 billion. You can’t open a news feed without an article about nonfungible tokens popping

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Price analysis 4/8: BTC, ETH, BNB, SOL, XRP, ADA, LUNA, AVAX, DOT, DOGE

by Coy Buckley

The strength in the U.S. dollar may keep Bitcoin and select altcoins under pressure in the short term. 21545 Total views 70 Total shares Bitcoin (BTC) and most major altcoins are attempting to defend the immediate support levels, indicating that bears sense an opportunity and are looking to take control of the price action. The short-term price action does not seem to worry the long-term Bitcoin bulls who expect a massive return in the next few

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Digital sovereignty: Reclaiming your private data in Web3

by John Stapel

Today, our personal data gets breached, monetized and even weaponized against us, but decentralized solutions are granting full control over users’ information back to users. 1848 Total views 37 Total shares As the Fair Data Society puts it, we are laborers in the data economy. Our personal data — basically, the digital blueprint of our lives — gets collected by platforms we interact with, most often in a non-transparent way. At best, it i

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Meta to launch metaverse hardware store, Elon Musk buys Twitter for $44B and ApeCoin pumps to new highs: Hodler’s Digest, April 24-30

by Coy Buckley

Coming every Saturday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link. Top Stories This Week Elon Musk buys Twitter for $44B — crypto industry reacts Eccentric billionaire Elon Musk bought Twitter for around $44 billion this week, or $54.20 per share in cash. After the deal w

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Green finance needs voluntary carbon markets that work

by Coy Buckley

Carbon markets turn CO2 emissions into a commodity or tradable asset by giving it a price. Blockchain and smart contracts will improve those markets. 2807 Total views 59 Total shares The United Nations Climate Change Conference, known as COP26, in Glasgow, Scotland catalyzed a commitment to carbon neutrality, achieving net-zero carbon emissions, requiring reducing emissions as much as possible, and balancing the remaining emissions with the purc

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The creator economy will explode in the Metaverse, but not under Big Tech’s regime

by John Stapel

Independent creators and artists should feel empowered by decentralization and not play by Big Tech’s rules, especially in the Metaverse. 2475 Total views 7 Total shares In his monthly crypto tech column, Israeli serial entrepreneur Ariel Shapira covers emerging technologies within the crypto, decentralized finance (DeFi) and blockchain space, as well as their roles in shaping the economy of the 21st century. With the news that Meta plans to

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Crypto Bahamas: Regulations enter critical stage as gov't shows interest

by John Stapel

SALT’s Crypto Bahamas brought together traditional financial players with crypto companies and industry experts to discuss the future of digital assets. 1755 Total views 40 Total shares The crypto community and Wall Street converged last week in Nassau, Bahamas, to discuss the future of digital assets during SALT’s Crypto Bahamas conference. The ​​SkyBridge Alternatives Conference (SALT) was also co-hosted this year by FTX, Sam Bankman-F

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Little by little, blockchain technology is beginning to appear around the house

by John Stapel

From ecological seafood to Bored Apes, blockchain technology is making its presence felt in homes. 4334 Total views 17 Total shares Blockchain technology is familiar to cryptocurrency users and national banks, and awareness of it is spreading fast to gamers. Applications in industry, particularly supply chain management, have been appearing as well. Through them, blockchain technology may improve domestic life in unseen ways, such as ensuring hi

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Web3 solutions aim to make America’s real estate market more accessible

by Coy Buckley

Web3 solutions may be the answer to America’s housing market, but will the mainstream want to use blockchain-based platforms? 7687 Total views 60 Total shares America’s housing market may soon be facing its next bubble as home prices across the country continue to be fueled by demand, speculation and lavish spending that could result in a collapse. Moreover, many homeowners are opting to stay put due to climbing mortgage rates, creating a ho

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Chainlink set to power Latin American real estate platform

by John Stapel

Chainlink is set to automate rental payments to property owners of a Latin American real estate platform, adding a new blockchain use-case for the sector. 3275 Total views 45 Total shares The tokenization of global property markets has been an ambitious goal of the blockchain space, and decentralized finance (DeFi) could offer a novel solution for the sector to pick up the pace. Decentralized oracle network Chainlink is set to power a tokenized

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What are the most bullish cryptocurrencies to buy right now? | Find out now on The Market Report

by Coy Buckley

On this week’s episode of “The Market Report,” Cointelegraph’s resident experts discuss the most bullish cryptocurrencies at the moment. 7596 Total views 23 Total shares The Market Report with Cointelegraph is live right now. On this week’s show, Cointelegraph’s resident experts discuss what they believe are the top three most bullish coins one should take a closer look at. But first, market expert Marcel Pechman carefully examines the Bitcoin (BTC) a

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Price analysis 4/25: BTC, ETH, BNB, XRP, SOL, LUNA, ADA, AVAX, DOGE, DOT

by Coy Buckley

Bitcoin and select altcoins are attempting a recovery, but the most likely outcome of any breakout is strong selling at higher levels. 11019 Total views 41 Total shares Bitcoin (BTC) continues to trade below $40,000 as bears try to flip the level into resistance. The soaring U.S. dollar index (DXY), which is usually inversely related to Bitcoin, favors the sellers. However, it is not all gloom and doom because the Bitcoin bulls seem to be taking

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ETH gas price surges as Yuga Labs cashes in $300M selling Otherside NFTs

by John Stapel

While the Otherdeed NFTs could be minted only in APE, it also required ETH for gas fees. 13128 Total views 102 Total shares While the community was witness to the largest nonfungible token (NFT) mint yet, Ethereum gas prices rose to unprecedented levels, in addition to users experiencing failed transactions due to blockchain bottlenecks. Bored Ape Yacht Club creator Yuga Labs launched a sale of Otherdeed nonfungible tokens that represent digita

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Quantum computing to run economic models on crypto adoption

by Coy Buckley

The industry may have 10 years or less to devise defenses against quantum computers capable of breaching its elliptic curve cryptography. 6462 Total views 30 Total shares By many accounts, quantum computing (QC), which uses atomic “spin” instead of an electrical charge to represent its binary 1’s and 0’s, is evolving at an exponential rate. If QC is ever realized at scale, it could be a boon for human society, helping to improve crop yie

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Liquidity has driven DeFi’s growth to date, so what’s the future outlook?

by John Stapel

On-chain liquidity was the catalyst of DeFi Summer 2020, but what will lead the DeFi markets to hit a trillion dollars within another year or two? 5433 Total views 64 Total shares In mid-February 2020, the total value locked within decentralized finance (DeFi) applications first exceeded $1 billion. Fueled by the DeFi summer of 2020, it wouldn’t even take a year before it multiplied 20-fold to reach $20 billion and only another ten months to r

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NFTs, DAOs and the importance of roadmaps

by John Stapel

A deep dive into the worlds of nonfungible tokens and decentralized autonomous organizations, and how they can benefit from each other. 5099 Total views 55 Total shares When CryptoKitties came out, it was hilarious to me. “Wait a second,” I thought. “So, you mean this JPEG can have sex with this JPEG and make a new baby JPEG? Say what?” When CryptoPunks started out in 2017, they seemed silly to many. They were just 128 X 128 pixels. Who

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Price analysis 4/27: BTC, ETH, BNB, XRP, SOL, LUNA, ADA, AVAX, DOGE, DOT

by Coy Buckley

BTC and select altcoins could be gearing up for an oversold move, but traders beware, it's likely to be a dead cat bounce. 10066 Total views 36 Total shares The U.S. dollar index (DXY) has risen above the highs created in March 2020 and may next challenge the multi-year highs set in January 2017. Bitcoin’s (BTC) price action is generally inversely connected to DXY. Therefore, unless the dollar reverses its sharp uptrend, a strong recovery in B

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As labor struggle takes center stage, can DAOs democratize work?

by Coy Buckley

DAO structures could provide workers with greater ownership and decision-making opportunities, but how soon will these models be implemented? 2094 Total views 69 Total shares Web3 has given rise to a number of innovative business models. In particular, decentralized autonomous organizations (DAOs) have started gaining traction as Web3 and the creator economy comes to fruition.  Natalie Salemink, CEO and founder of Prismatic — a tooling and tr

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What are the most bullish cryptocurrencies to buy right now? | Find out now on The Market Report

by John Stapel

On this week’s episode of “The Market Report,” Cointelegraph’s resident experts discuss the most bullish cryptocurrencies at the moment. 3682 Total views 36 Total shares The Market Report with Cointelegraph is live right now. On this week’s show, Cointelegraph’s resident experts discuss what they believe are the top three most bullish coins one should take a closer look at. But first, market expert Marcel Pechman carefully examines the Bitcoin (BTC) a

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Quantum computing to run economic models on crypto adoption

by Coy Buckley

The industry may have 10 years or less to devise defenses against quantum computers capable of breaching its elliptic curve cryptography. 6415 Total views 30 Total shares By many accounts, quantum computing (QC), which uses atomic “spin” instead of an electrical charge to represent its binary 1’s and 0’s, is evolving at an exponential rate. If QC is ever realized at scale, it could be a boon for human society, helping to improve crop yie

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Demystifying the business imperatives of the Metaverse

by John Stapel

What financial services mean in the Metaverse: A closer look into the process of monetization in the Metaverse — the categories of business “of” and business “in” models. 2786 Total views 32 Total shares In a previous article, I discussed the evolution of Web3 economies and current volatility, focusing on the participatory nature of Web3, which is the foundational technology enabling the creator economy.  The term “metaverse”

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The FBI’s takedown of Virgil Griffith for breaking sanctions, firsthand

by Coy Buckley

Ethereum developer Virgil Griffith took a plea deal after breaking sanctions against North Korea and was formally sentenced earlier today— the final chapter in a two-year journey as bizarre as it is shocking. Journalist Ethan Lou , author of Once a Bitcoin Miner, attended the infamous event in North Korea at which Griffith spoke. He was asked to submit a statement for Griffith’s sentencing, although that statement was ultimately not filed with the court. Here he tells the inside story

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Binance to drive crypto and blockchain awareness among Indian investors

by John Stapel

Binance also highlighted that Indian regulators and policymakers cite the lack of education as an area of concern, hindering crypto’s widespread adoption in the region. 4396 Total views 46 Total shares Crypto exchange Binance announced the parallel launch of three key educational initiatives to fast-track educating Indian investors and students about the cryptocurrency and blockchain ecosystem. While recognizing the importance of investors’

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How to store Bitcoin on MetaMask?

by Coy Buckley

Only Wrapped Bitcoin (wBTC) can be stored on MetaMask as this wallet supports Ethereum-enabled distributed applications specifically. 5484 Total views 34 Total shares MetaMask is a well-known wallet for Ethereum-enabled distributed applications (dApps). But can MetaMask hold Bitcoin (BTC), which remains the largest cryptocurrency? For many crypto investors, Bitcoin is an important part of their portfolio. Besides being an investment asset, Bitco

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Price analysis 4/13: BTC, ETH, BNB, SOL, XRP, ADA, LUNA, AVAX, DOT, DOGE

by Coy Buckley

Bitcoin and altcoins are attempting a recovery, but the bulls are likely to encounter stiff resistance at higher levels. 12406 Total views 38 Total shares Bitcoin (BTC) and major altcoins are attempting a recovery after the sharp fall on April 11. According to Glassnode’s recent weekly report, Bitcoin has witnessed a “modest volume of profit-taking by investors” since mid-February, which could “be providing sufficient headwinds to prices

Read More

NFTs, DAOs and the importance of roadmaps

by John Stapel

A deep dive into the worlds of nonfungible tokens and decentralized autonomous organizations, and how they can benefit from each other. 2538 Total views 36 Total shares When CryptoKitties came out, it was hilarious to me. “Wait a second,” I thought. “So, you mean this JPEG can have sex with this JPEG and make a new baby JPEG? Say what?” When CryptoPunks started out in 2017, they seemed silly to many. They were just 128 X 128 pixels. Who

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Eth2 deposit contract now holds 10% of the circulating ETH supply

by John Stapel

The ETH 2.0 deposit contract can only be unblocked after the PoS transition, postponed to the latter half of the year. 5493 Total views 66 Total shares The deposit contract for staking Ethereum (ETH) on the Beacon Chain reached a balance of 12 million ETH on Friday. The total locked value of Ether in the Eth2 contract is worth about $34.5 billion. The deposit contract was launched in November 2020 and currently holds around 10% of the total circ

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Satoshi may have needed an alias, but can we say the same?

by Coy Buckley

To doxx (oneself) or not to doxx? That is a question faced by many operating in the cryptocurrency and blockchain space, including developers, influencers, and investors. Does one use one’s own name when venturing into the often chaotic and largely unregulated crypto world — or don an alias? Consider Embrik Børresen, developer of RobinHood Inu — a reflection token that was launched in February. Like many crypto and blockchain founders, he considered using a nom de guerre when sta

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'Ready, steady, NFT:' Ukrainian government accepts NFT donations

by John Stapel

Ukraine continues to use crypto and NFTs to fund the two-month long ongoing Russia-Ukraine war. 1538 Total views 64 Total shares Mykhailo Fedorov, Vice Prime Minister of Ukraine and Minister of Digital Transformation of Ukraine, tweeted that the Ukrainian government will accept war effort contributions in the form of nonfungible token (NFT) donations and purchases. Via the official "Aid for Ukraine" crypto fund, individuals can donate cryptocur

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How Web3 is redefining storytelling for creators and fans through NFTs

by Coy Buckley

Web3 has given rise to generative NFTs that allow both fans and creators to tell stories across different mediums. 8843 Total views 54 Total shares Nonfungible tokens (NFTs) have come a long way in a relatively short period of time. In 2017, the NFT project CryptoKitties made headlines as the largest decentralized application on the Ethereum network. While CryptoKitties accounted for a notable portion of Ethereum transaction volume in 2017, thes

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4-digit ENS domains spike in demand this week and continue soaring

by John Stapel

Ethereum users rushing to purchase scarce three- and four-digit names have been driving NFT market sales activity. 3889 Total views 25 Total shares Ethereum Name Service, or ENS, .eth domains ranging from 0000 to 9999 have recently been causing a stir among NFT investors, speculators and enthusiasts alike. Even though three- and four-digit names have been around for years, the number of people registering for ENS domains and purchasing these dig

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How to store Bitcoin on MetaMask?

by Coy Buckley

Only Wrapped Bitcoin (wBTC) can be stored on MetaMask as this wallet supports Ethereum-enabled distributed applications specifically. 4925 Total views 34 Total shares MetaMask is a well-known wallet for Ethereum-enabled distributed applications (dApps). But can MetaMask hold Bitcoin (BTC), which remains the largest cryptocurrency? For many crypto investors, Bitcoin is an important part of their portfolio. Besides being an investment asset, Bitco

Read More

4-digit ENS domains spike in demand this week and continue soaring

by John Stapel

Ethereum users rushing to purchase scarce three- and four-digit names have been driving NFT market sales activity. 1595 Total views 40 Total shares Since Ethereum Name Service, or ENS, released 10,000 four-digit .eth domains ranging from 0000 to 9999, the nonfungible token collection has caused a stir among NFT investors, speculators and enthusiasts alike. After all 10,000 ENS names sold out in one day, the number of people registering for ENS n

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Plan for $1M bug bounties and double the nodes in wake of $600M Ronin hack

by John Stapel

The Ronin Network and Sky Marvis are significantly upgrading their security measures after they vowed to ensure a hack “never happens again.” 2393 Total views 30 Total shares The Ronin Network and Sky Mavis have vowed to upgrade their smart contracts, offer lucrative bug bounties and ramp up security following the $600 million hack late last month. As Cointelegraph previously reported, the Ethereum sidechain developed for the popular NFT ga

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Internet Computer's ORIGYN is watching the watches using NFT authentication

by John Stapel

ICP-powered ORIGYN is leveraging blockchain and biometric technology to tackle the issue of counterfeit watches. 1107 Total views 14 Total shares ORIGYN, a Swiss foundation that uses artificial intelligence (AI) to identify and authenticate objects of value, has partnered with luxury watch marketplace WatchBox. The pair will co-produce certificates of authenticity in the form of NFTs that enable customers to trade the digital ownership of a wat

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How to use a Bitcoin ATM

by Coy Buckley

A crypto wallet and an accessible Bitcoin ATM are prerequisites for using Bitcoin teller machines. 6549 Total views 62 Total shares Things required to use a Bitcoin ATM There are a few things you’ll need to prepare before you can get started on using a Bitcoin ATM: A crypto wallet The first thing you'll need before using a Bitcoin ATM is a crypto wallet. More specifically, you'll need a Bitcoin wallet. A crypto wallet is an app or a piece of s

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Report: Postmates founder Bastian Lehmann launches crypto startup

by John Stapel

Although details surrounding the venture remain unknown, its website states the firm seeks to provide "consumer finance solutions for an emerging web." 1839 Total views 49 Total shares According to local news outlet FinanceFWD, German entrepreneur Bastian Lehmann is making a move into the crypto industry with the creation of a new startup called "TipTop Labs." Although details surrounding the venture remain unknown, its website states the firm s

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PSA to crypto world: Lock in some gains before going Metaverse

by John Stapel

No doubt, the Metaverse is important, but in the real world, DeFi makes a genuine difference by changing the traditional financial system. 1466 Total views 73 Total shares In his monthly crypto tech column, Israeli serial entrepreneur Ariel Shapira covers emerging technologies within the crypto, decentralized finance (DeFi) and blockchain space, as well as their roles in shaping the economy of the 21st century. The impending Metaverse dominate

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Report: Postmates founder Bastian Lehmann launches crypto startup

by John Stapel

Although details surrounding the venture remain unknown, its website states the firm seeks to provide "consumer finance solutions for an emerging web." 1787 Total views 49 Total shares According to local news outlet FinanceFWD, German entrepreneur Bastian Lehmann is making a move into the crypto industry with the creation of a new startup called "TipTop Labs." Although details surrounding the venture remain unknown, its website states the firm s

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Binance recovers $5.8M in funds connected to Ronin bridge exploit

by Coy Buckley

Unfortunately, a vast majority of the stolen funds still remain in the hands of the hacker. 2737 Total views 26 Total shares Via a Twitter post on Friday, Changpeng Zhao, CEO of Binance, said that the cryptocurrency exchange recovered $5.8 million spread over 86 accounts in digital assets moved to the exchange by Lazarus Group . Last month, the North Korean cyber-criminal group allegedly stole 173,600 Ether (ETH) and 25.5 million USD Coin (USDC

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Twitter and Stripe roll out USDC payout program for creators via Polygon

by John Stapel

In addition to payments to bank accounts and debit cards, select content creators can now elect to have USDC earnings sent to their wallets. 4790 Total views 107 Total shares On Friday, Twitter and Stripe announced the rollout of crypto payouts for Stripe Connect. As told by the two companies, a select group of creators on Twitter will soon be able to receive their earnings on the platform in the form of the USD Coin (USDC) stablecoin. Payments

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Basic and weird: What the Metaverse is like right now

by Coy Buckley

Everyone knows the Metaverse is coming, but no one knows what it will be like. At present, people say it’s clunky and difficult to use and are waiting for further development. Are brands just jumping on a PR bandwagon in hyperspeed? Is this the future? Is it a place or a time that is coming? And how soon? So, I packed my virtual bags and took a trip to find out. Most of you have probably entered or seen images of the Metaverse, maybe somewhere like The Sandbox or Decentraland. But un

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What are the top 3 trending altcoins to buy in 2022 | Find out now on The Market Report

by John Stapel

On this week’s episode of “The Market Report,” Cointelegraph’s resident experts discuss the top three trending altcoins to buy in 2022 4031 Total views 40 Total shares The Market Report with Cointelegraph is live right now. On this week’s show, Cointelegraph’s resident experts discuss the top three trending altcoins you might want to consider looking at in 2022. But first, market expert Marcel Pechman carefully examines the Bitcoin (BTC) and Ether (ET

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How to use a Bitcoin ATM

by Coy Buckley

A crypto wallet and an accessible Bitcoin ATM are prerequisites for using Bitcoin teller machines. 6350 Total views 62 Total shares Things required to use a Bitcoin ATM There are a few things you’ll need to prepare before you can get started on using a Bitcoin ATM: A crypto wallet The first thing you'll need before using a Bitcoin ATM is a crypto wallet. More specifically, you'll need a Bitcoin wallet. A crypto wallet is an app or a piece of s

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STEPN impersonators stealing users' seed phrases, warn security experts

by John Stapel

When these cybercriminals obtain the seed phrase, they gain complete control over the STEPN user's dashboard. 3454 Total views 46 Total shares Peckshield, a prominent blockchain security firm, exposed the existence of numerous phishing websites for the Web3 lifestyle app STEPN on Monday. Hackers insert a forged MetaMask browser plugin through which they can steal seed phrases from unsuspecting STEPN users, according to Peckshield. When these cyb

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NY Sen. Thomas proposes to criminalize rug pulls and other crypto frauds

by John Stapel

State Senator Kevin Thomas seeks to provide prosecutors with a clear legal framework against crypto crimes that align with the spirit of the blockchain while combatting fraud. 5230 Total views 470 Total shares New York State Senator Kevin Thomas introduced a new bill amendment request to establish certain offenses related to rug pulls and other frauds related to virtual token distribution, misuse of private keys and hidden interests in crypto pr

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Cricket NFT startup Rario raises $120M in Series A funding

by John Stapel

The nonfungible token startup has also formed a partnership with Dream Sports, an Indian sports technology company with more than 140 million users. 2408 Total views 39 Total shares On Thursday, cricket nonfungible token (NFT) platform Rario announced that it secured $120 million in Series A funding in a round led by Dream Capital, the venture subsidiary of Dream Sports. As told by Rario, it currently has the largest share of cricket NFT rights

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The loss of privacy: Why we must fight for a decentralized future

by Coy Buckley

As early blockchain adopters, we must bring decentralization to the masses and fight with the tech behemoths that are its natural enemies. 3272 Total views 107 Total shares If you’re into cryptocurrency or blockchain, there’s a good chance I don’t have to spell out the benefits of decentralization. You’re a first-generation user of a technology that will increasingly define the future of the internet, and you have front-row seats to the

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Why decentralized telecommunications is necessary to make Web3 a reality

by John Stapel

Current flaws in today's internet, including poor performance and reliability, require a foundational change. 2916 Total views 20 Total shares The world knows the public internet as the best transport network and the backbone of their daily routines. However, if one looks closely, the internet is far from perfect, with many considering the network untrusted and its usage synonymous with poor reliability and performance issues. Although the

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6 Questions for Lili Zhao of Neo

by Coy Buckley

We ask the buidlers in the blockchain and cryptocurrency sector for their thoughts on the industry… and throw in a few random zingers to keep them on their toes! This week, our 6 Questions go to Lili Zhao, director of ecosystem growth at Neo — an open-source blockchain development platform. The A to Z of Lili Zhao: A uthenticity — easier said than done B lockchain advocate C ommunity — Neo has the best! D AO — fascinating! E conomics — interests me much more no

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Coinbase NFT launches beta, AMC Theatres rolls out SHIB and DOGE payments, and Blockchain.com eyes IPO: Hodler’s Digest, April 17-23

by John Stapel

Coming every Saturday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link. Top Stories This Week AMC Theatres mobile app accepts Dogecoin, Shiba Inu and more Retail traders’ favorite cinema chain, AMC Theatres, updated its mobile app to support Dogecoin and Shiba Inu payments. Un

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How to use Minecraft to understand the Metaverse and Web3

by Coy Buckley

People can have a better knowledge of the Metaverse and Web3 by learning how to utilize Minecraft. 3405 Total views 71 Total shares What is the Metaverse? The Metaverse is a term coined by Neal Stephenson in his 1992 science fiction novel Snow Crash to describe a future virtual reality-based online world. Some have gone as far as pronouncing Stephenson’s novel a prediction of the future. Before you agree that it’s some mystical peek into the

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Algorand aims to convert network transaction fees into carbon offsets

by John Stapel

The smart contract will automatically allocate part of the Algorand blockchain’s transaction fees to purchase carbon credits at the carbon offset marketplace ClimateTrade. 2446 Total views 84 Total shares Proof-of-stake blockchain protocol Algorand will implement a smart contract that will automate the offsetting of the network’s carbon emissions. In a recent announcement, Algorand revealed that a new smart contract would take a portion of e

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Powers On… It’s been a wonderful life (week): SEC Commissioner Peirce, Bitcoin 2022 and more

by John Stapel

In life, there are times when things are going well in your business affairs but not your personal ones. Other times, the things you are doing and enjoying in your personal life are great but your professional or business matters are suffering . Sometimes, you also don’t realize or understand that the good times you are experiencing will not last forever and may soon end. So, I have always tried to recognize when things are going well, savor and mark the moment, and thank my lucky stars for

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First steps: Basic tips for getting started investing in DeFi

by Coy Buckley

DeFi is a complicated space, but with research and some patience, average investors can still get involved. 5865 Total views 66 Total shares Decentralized finance (DeFi) protocols have diversified investment opportunities in the crypto industry by facilitating novel and innovative passive income generation schemes. Delving a bit into how they work, DeFi systems are based on blockchain technology and run on programmable chains such as the BNB Cha

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FBI and CSIA issue alert over North Korean cyberattacks on crypto targets

by John Stapel

The cybersecurity agency believes that the threat from North Korean hackers will not go away unless crypto firms take necessary but simple steps to ensure their security. 2480 Total views 39 Total shares The Cybersecurity and Infrastructure Security Agency (CISA) and Federal Bureau of Investigation (FBI) have issued an alert on North Korean state-sponsored cyber threats that target blockchain companies in response to the Ronin Bridge hack last m

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FBI and CSIA issue alert over North Korean cyberattacks on crypto targets

by John Stapel

The cybersecurity agency believes that the threat from North Korean hackers will not go away unless crypto firms take necessary but simple steps to ensure their security. 2442 Total views 39 Total shares The Cybersecurity and Infrastructure Security Agency (CISA) and Federal Bureau of Investigation (FBI) have issued an alert on North Korean state-sponsored cyber threats that target blockchain companies in response to the Ronin Bridge hack last m

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Animoca Brands buys major stake in Aussie digital services agency

by John Stapel

Be Media has begun an aggressive hiring process in blockchain development and project management following the acquisition. 1897 Total views 52 Total shares Nonfungible token (NFT) investment giant Animoca Brands has acquired a significant stake in the Australian digital marketing agency Be Media. Be Media has locations in Perth, Melbourne and Sydney and has provided Web2 firms with advertising and digital strategy since 2013. While the company

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Price analysis 3/25: BTC, ETH, BNB, XRP, ADA, LUNA, SOL, AVAX, DOT, DOGE

by Coy Buckley

BTC and most major altcoins could witness a minor dip to retest lower support levels, but the overall trajectory appears to now favor bulls. 21709 Total views 45 Total shares This week Bitcoin (BTC) and select altcoins broke above their immediate resistance levels and moved higher, which propelled the total crypto market capitalization above $2 trillion on March 24. One of the triggers that could have driven crypto prices higher was BlackRock CE

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While men wanted, women did: Empowering female creators with NFTs and crypto

by John Stapel

Female artists and creators are implementing various forms of activism and social value into NFT collections, using them to combat gender inequality. 2906 Total views 44 Total shares With the blockchain industry growing at lightspeed, businesses are actively and, even desperately, seeking out talent; and there just doesn’t seem to be enough manpower out there. Enter women — literally around 50% of the global population that has, so far, been

Read More

First steps: Basic tips for getting started investing in DeFi

by Coy Buckley

DeFi is a complicated space, but with research and some patience, average investors can still get involved. 5590 Total views 66 Total shares Decentralized finance (DeFi) protocols have diversified investment opportunities in the crypto industry by facilitating novel and innovative passive income generation schemes. Delving a bit into how they work, DeFi systems are based on blockchain technology and run on programmable chains such as the BNB Cha

Read More

Tether is gaining momentum against competing stablecoins, says Tether CTO

by John Stapel

Paolo Ardoino, chief technology officer, of Tether and Bitfinex, explains why USDT will retain its dominance in an increasingly competitive stablecoin market. 3430 Total views 37 Total shares Paolo Ardoino, the chief technology officer of Tether and Bitfinex, is confident that Tether will preserve its status as the most used stablecoin, despite the rapid growth of competitors such as USD Coin (USDC).  “If you see the volumes of Tether compared to the rest of s

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Decentralizing the grid: Operators test blockchain solutions

by Coy Buckley

As today’s energy market becomes decentralized, energy grid operators may need to take a Web3 approach to asset management and security. 2792 Total views 42 Total shares The world’s energy market is rapidly evolving, moving from hydrocarbon plants to a future centered around clean energy enabled by wind and solar power. As such, today’s energy market is shifting to an increasingly decentralized, real-time model based on distributed energy

Read More

FBI and CSIA issue alert over North Korean cyberattacks on crypto targets

by John Stapel

The cybersecurity agency believes that the threat from North Korean hackers will not go away unless crypto firms take necessary but simple steps to ensure their security. 932 Total views 13 Total shares The Cybersecurity and Infrastructure Security Agency (CISA) and FBI have issued an alert on North Korean state-sponsored cyber threats that target blockchain companies in response to the Ronin Bridge hack last month. The alert was issued on April

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Tornado Cash says it's using Chainalysis oracles to block access from OFAC sanctioned addresses

by Coy Buckley

Many DeFi exploits in the past have been linked to the popular crypto-mixing protocol. 2189 Total views 29 Total shares On Friday, Tornado Cash announced that it was using oracle contracts from Chainalysis to block wallet addresses sanctioned by the U.S. Office of Foreign Assets Control, or OFAC. The move comes after the U.S. Department of the Treasury linked North Korean cybercriminal Lazarus Group as an alleged perpetrator for the recent $60

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Decentralized finance: The best ways to participate and operate

by John Stapel

Breaking down the concept of DeFi and its ecosystem, as well as strategies and the risks for private and professional investors who plan to allocate capital to decentralized space. 7306 Total views 49 Total shares Decentralized finance (DeFi) is a concept that has received a lot of attention since the so-called DeFi Summer of 2020 because its usage, often measured in total value locked (TVL), has risen dramatically since that time. In the last y

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First steps: Basic tips for getting started investing in DeFi

by John Stapel

DeFi is a complicated space, but with research and some patience, average investors can still get involved. 5119 Total views 66 Total shares Decentralized finance (DeFi) protocols have diversified investment opportunities in the crypto industry by facilitating novel and innovative passive income generation schemes. Delving a bit into how they work, DeFi systems are based on blockchain technology and run on programmable chains such as the BNB Cha

Read More

While men wanted, women did: Empowering female creators with NFTs and crypto

by Coy Buckley

Female artists and creators are implementing various forms of activism and social value into NFT collections, using them to combat gender inequality. 1875 Total views 44 Total shares With the blockchain industry growing at lightspeed, businesses are actively and, even desperately, seeking out talent; and there just doesn’t seem to be enough manpower out there. Enter women — literally around 50% of the global population that has, so far, been

Read More

First steps: Basic tips for getting started investing in DeFi

by John Stapel

DeFi is a complicated space, but with research and some patience, average investors can still get involved. 4995 Total views 66 Total shares Decentralized finance (DeFi) protocols have diversified investment opportunities in the crypto industry by facilitating novel and innovative passive income generation schemes. Delving a bit into how they work, DeFi systems are based on blockchain technology and run on programmable chains such as the BNB Cha

Read More

The FBI’s takedown of Virgil Griffith for breaking sanctions, firsthand

by Coy Buckley

Ethereum developer Virgil Griffith took a plea deal after breaking sanctions against North Korea and was formally sentenced earlier today— the final chapter in a two-year journey as bizarre as it is shocking. Journalist Ethan Lou , author of Once a Bitcoin Miner, attended the infamous event in North Korea at which Griffith spoke. He was asked to submit a statement for Griffith’s sentencing, although that statement was ultimately not filed with the court. Here he tells the inside story

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Robinhood CEO outlines how DOGE could become ‘currency of the internet’

by John Stapel

Robinhood CEO Vladimir Tenev took to Twitter to explain how DOGE could become “the future currency of the Internet” just hours after Dogecoin’s creator criticized Elon Musk for his Twitter antics. 16684 Total views 121 Total shares Robinhood CEO Vladimir Tenev took to Twitter on Thursday afternoon to explain how Dogecoin (DOGE) could become the “future currency of the Internet.” In a thread of 12 posts to his nearly 200,000 followers,

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Price analysis 4/1: BTC, ETH, BNB, SOL, XRP, ADA, LUNA, AVAX, DOT, DOGE

by Coy Buckley

Bulls set their targets on new highs now that the brief consolidation phase in BTC and altcoins appears to have ended. 26758 Total views 48 Total shares Bitcoin (BTC) has clawed back much of the losses that took place in January and now the focus of traders shifts to April, which has historically been a strong month for the cryptocurrency. According to Coinglass data, Bitcoin has closed April in the red on onlthree occasions and the worst month

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Tether is gaining momentum against competing stablecoins, says Tether CTO

by John Stapel

Paolo Ardoino, chief technology officer, of Tether and Bitfinex, explains why USDT will retain its dominance in an increasingly competitive stablecoin market. 2209 Total views 37 Total shares Paolo Ardoino, the chief technology officer of Tether and Bitfinex, is confident that Tether will preserve its status as the most used stablecoin, despite the rapid growth of competitors such as USD Coin (USDC).  “If you see the volumes of Tether compared to the rest of s

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There is room for the Metaverse in 2022, but the virtual space is far from perfect

by Coy Buckley

There is a place for the Metaverse in the world thanks to emerging technologies like NFTs, but digital worlds still have a long way to go before being implemented in daily life. 6645 Total views 73 Total shares It is hard to resist the vision spun to us by Meta (formerly Facebook) and other virtual world platforms. A digital utopia that can transform lives in multiple ways — whether how we socialize, work or even stay healthy — is a hard one

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Ethereum Merge a ‘few months after’ June: Dev clears up what’s going on

by John Stapel

“It won’t be June, but likely in the few months after. No firm date yet, but we’re definitely in the final chapter of PoW on Ethereum,” said developer Tim Beiko. 9266 Total views 72 Total shares The long-awaited Ethereum Merge is set for yet another delay, with developers working on the upgrade estimating a completion time a “few months after” in June. Owing to the success of testing, there was a general expectation the Merge would

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First steps: Basic tips for getting started investing in DeFi

by Coy Buckley

DeFi is a complicated space, but with research and some patience, average investors can still get involved. 3940 Total views 66 Total shares Decentralized finance (DeFi) protocols have diversified investment opportunities in the crypto industry by facilitating novel and innovative passive income generation schemes. Delving a bit into how they work, DeFi systems are based on blockchain technology and run on programmable chains such as the BNB Cha

Read More

Amazon CEO expresses optimism about the future of cryptocurrencies and NFTs

by John Stapel

As told by Andy Jassy, the e-commerce giant may integrate NFTs later down the line. 2538 Total views 56 Total shares Speaking during an interview with CNBC after releasing his first shareholder letter as the new CEO of Amazon, Andy Jassy said that while he does not own any cryptocurrencies or nonfungible tokens, or NFTs, he is optimistic about the outlook of the industry. Jassy stated:  "We're not probably close to adding crypto as a payment m

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Grammys 2022: NFTs hot topic of discussion among musicians and industry experts

by Coy Buckley

Music industry experts and leading musicians discussed and showcased NFTs at the 2022 Grammys. 1445 Total views 16 Total shares The billion-dollar music industry has shown recent interest in nonfungible tokens (NFTs) as musicians everywhere are beginning to understand the power of moving away from centralized business models.  This concept is currently being demonstrated by early innovators like the popular rapper Snoop Dogg, who recently acqui

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Researchers find security flaw in Rarible: Users could have lost all their NFTs

by John Stapel

“A successful attack would have come from a malicious NFT within Rarible's marketplace, itself, where users are less suspicious and familiar with submitting transactions,” noted Check Point Research. 1635 Total views 29 Total shares The research arm of cyber security software firm Check Point said it identified a vulnerability in the Rarible NFT marketplace that could have seen many of its roughly two million active monthly users lose their

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Price analysis 4/6: BTC, ETH, BNB, SOL, XRP, ADA, LUNA, AVAX, DOT, DOGE

by Coy Buckley

BTC and select altcoins dropped far below their strong support levels, a clear sign that the recent bullish momentum has weakened. 14944 Total views 25 Total shares Bitcoin (BTC), the entire crypto sector and the SP 500 index are correcting on April 6, which highlights the tight correlation between the two sectors. Despite the weakness, institutional investors do not seem to be halting their purchases, suggesting that they remain bullish in the

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Stablecoins are the perfect Trojan horse for Bitcoin, says Tether CTO

by John Stapel

Bitfinex and Tether chief technology officer Paolo Ardoino spoke to Cointelegraph about cryptocurrency adoption in Europe. 4805 Total views 43 Total shares As one of a number of Cointelegraph representatives attending the Paris Blockchain Week Summit (PBWS) at the historic Palais Brongniart — a neoclassical building that had been the headquarters for the Parisian stock exchange from 1826 to 1987 — European news reporter Joe Hall sat down for

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Decentralizing the grid: Operators test blockchain solutions

by Coy Buckley

As today’s energy market becomes decentralized, energy grid operators may need to take a Web3 approach to asset management and security. 735 Total views 28 Total shares The world’s energy market is rapidly evolving, moving from hydrocarbon plants to a future centered around clean energy enabled by wind and solar power. As such, today’s energy market is shifting to an increasingly decentralized, real-time model based on distributed energy

Read More

Grassroots initiatives are bringing Bitcoin education to communities across America

by John Stapel

Members of America’s crypto community aim to teach financial literacy by discussing Bitcoin at local meetups and neighborhood “corner classes.” 1985 Total views 37 Total shares Bitcoin is becoming one of the biggest buzzwords in the world. Data from a July 2021 survey conducted by analysis firm Exploding Topics found that roughly 1,700 American adults, or 89% of participants, had heard of Bitcoin. A recent survey from the cryptocurrency pl

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Price analysis 4/4: BTC, ETH, BNB, SOL, XRP, ADA, LUNA, AVAX, DOT, DOGE

by Coy Buckley

BTC and altcoins are dropping to retest lower support levels and bulls have yet to buy into the current dip. 17427 Total views 53 Total shares Bitcoin (BTC) has been stuck between $45,400 and $47,500 for the past two days, indicating a tough tussle between the buyers and sellers as both attempt to establish control over the trend. Data from on-chain analytics firm Glassnode showed that 100,000 Bitcoin left exchanges in March. These large quantit

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Grassroots initiatives are bringing Bitcoin education to communities across America

by Coy Buckley

Members of America’s crypto community aim to teach financial literacy by discussing Bitcoin at local meetups and neighborhood “corner classes.” 1968 Total views 37 Total shares Bitcoin is becoming one of the biggest buzzwords in the world. Data from a July 2021 survey conducted by analysis firm Exploding Topics found that roughly 1,700 American adults, or 89% of participants, had heard of Bitcoin. A recent survey from the cryptocurrency pl

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Crypto Raiders explains how blockchain gaming attracts new users to Web3

by John Stapel

The creators of Crypto Raiders explain how blockchain gaming is revolutionizing the entertainment industry and shepherding new entrants to Web3. 2165 Total views 23 Total shares At the height of the nonfungible token (NFT) rally in 2021, Sky Mavis, the creator of Axie Infinity, rolled in like the Trojan horse and coined the term play-to-earn (P2E) for blockchain games. Axie Infinity grew in popularity after amassing a $3 billion valuation and it

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Price analysis 3/30: BTC, ETH, BNB, XRP, ADA, LUNA, SOL, AVAX, DOT, DOGE

by Coy Buckley

BTC and altcoins could enter a short consolidation phase before retesting their breakout levels, a sign that the current price action could be a buying opportunity. 17318 Total views 56 Total shares Bitcoin’s (BTC) rally is taking a breather near the 200-day simple moving average (SMA) and that has resulted in what is either a minor pullback or consolidation in BTC and select altcoins.  In the last few days, Terraform Labs has been on a Bitco

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Museums in the metaverse: How Web3 technology can help historical sites

by John Stapel

Historical-site metaverses may become a new business model for tourism, and they may rewrite history in the process. 11725 Total views 105 Total shares Metaverse events at ancient and historical sites could soon shape up to be an alternate future for tourism. Owners of physical castles and villas who have drafted up augmented reality blueprints of their properties think their ambitious plans to attract visitors in the metaverse will work, as vir

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