Topics
-
- 0 replies
- 481 views
In a recent announcement, Asset management giant VanEck (with over $82 billion in assets under management) stated that it’s releasing a 1,000 NFT collection on Ethereum meant to showcase the real-world utility inherent in the NFT structure. The NFTs are being designed in a partnership with NUMOMO, a Korean-based NFT agency. According to the press release, the project will trace the journey of a fictional character named Hammy, who is modelled after American Founding Father Alexander Hamilton. The first release, dubbed “Episode One: Printing Press” can be viewed on VanEck’s signup page https://www.coinbureau.com/news/investment-giant-vaneck-release-new-nft-c…
Last reply by Mic Drop, -
-
- 0 replies
- 465 views
In a meeting between core developers of Ethereum last Friday, the team decided to refocus efforts on the upcoming merge operations and delay making a decision on when to deal with the ticking ‘Difficulty Bomb’ of Ethereum. Tim Beiko, who leads the Ethereum Foundation's All Core Devs meetings, argued that the difficulty bomb should be re-evaluated at the next meeting on May 13 or possibly May 27, stressing that the existing Ethereum experience was not being degraded and wouldn't be for several weeks. He said that the best course of action was to keep testing and evaluate where things stand later. Some critics state that this will however cause unnecessary stress…
Last reply by Mic Drop, -
- 0 replies
- 406 views
Meta, Facebook’s parent company, has been sued by Dfinity Foundation, a Switzerland-based non-profit behind the Internet Computer blockchain. According to the lawsuit, Dfinity’s legal team contended there was trademark infringement when Meta Platforms attempted to register the ‘infinity symbol’ for its logo. According to Dfinity’s legal team, Meta had only filed an application with the United States Patent and Trademark Office (USPTO) in March 2022, whereas the same office granted Dfinity registration in October 2018. Dfinity further stated that the infinity symbol has been used on the company's website since March 2017. According to Dfinity’s contentions in the…
Last reply by Mic Drop, -
- 0 replies
- 362 views
Square Enix, the Japanese video game developer behind Final Fantasy, Kingdom Hearts and Dragon Quest has announced a deal with Embracer Group to sell nearly $300 million in IP and gaming studios to the latter. The funds from the deal will be used to invest heavily in blockchain gaming and other ventures in Web3. The deal will see properties such as Tomb Raider, Deus Ex, Legacy of Kain, and Thief, as well as game studios Crystal Dynamics, Eidos-Montréal, and Square Enix Montréal being sold to the Swedish gaming firm Embracer. https://www.theblockcrypto.com/linked/144765/tomb-raider-developer-square-enix-sells-off-300-million-in-ip-and-studios-to-invest-in-blockc…
Last reply by Mic Drop, -
- 0 replies
- 342 views
Banco Galicia, Argentina’s largest private bank, and Brubank, an Argentine digital bank, have both integrated and enabled the trading of crypto assets on their website. The announcement comes after a recent survey by Banco Galicia revealed that nearly 60% of their customers wanted access to easy trading of digital assets via the banking platform. Both banks have been able to enable this feature due to a partnership with Argentine crypto wallet Lirium, which allows digital assets to be purchased through the same platform that clients use to buy bonds or stocks. https://www.bloomberg.com/news/articles/2022-05-02/two-argentine-banks-allow-customers-to-buy-cryptocur…
Last reply by Mic Drop, -
Last reply by Pudgy,
-
- 0 replies
- 308 views
Last reply by Mic Drop, -
- 0 replies
- 361 views
POLITICO has posted a .PDF of the document: https://politi.co/3w1tWki
Last reply by Mic Drop, -
- 0 replies
- 438 views
It’s no secret that traditional gamers have hated NFTs in gaming for a while now. Recently, a group called Climate Replay (which is made up of a large number of Minecraft developers) released an online guide and ‘pledge’ to increase awareness about the potential dangers of NFTs and cryptocurrencies. However, a week since its release, the pledge has only seen signatures from 72 individuals and 5 companies thus far. The pledge and guide highlighted the environmental concerns of using blockchain technology and of the various security issues faced by such games citing the recent Ronin Bridge hack. The Pledge reads, “By ignoring key risk factors and glaring issu…
Last reply by Mic Drop, -
- 0 replies
- 205 views
Wikimedia Foundation, the parent organisation which manages Wikipedia, has decided to halt the acceptance of crypto donations after a community vote on a poll revealed that 71.17% of respondents wanted to discontinue all cryptocurrency donations. The poll which had a total of 400 respondents, was the result of a three-month-long community discussion on the environmental implications of cryptocurrency mining. The discussion revealed concerns about how accepting crypto could damage the foundation’s reputation and commitment to environmental sustainability in the long run. The Foundation has now shut down the BitPay account through which it was accepting crypto donatio…
Last reply by Mic Drop,
-
- 0 replies
- 244 views
According to a recent reddit post on the r/CryptoCurrency subreddit, hackers could potentially use the text prediction feature of smartphones to drain a user’s funds. Reddit user Andre, a 33-year-old IT professional from Germany, made the post after discovering his mobile phone’s ability to predict the entire recovery seed phrase as soon as he typed down the first word out of the BIP 39 list. According to the report, Andre had experimented with different keyboard software in order to find out the degree to which each software was able to predict the seed phrase correctly. His tests revealed that Google's GBoard was the least vulnerable, as the software did not…
Last reply by Mic Drop, -
- 0 replies
- 338 views
Bored Ape Yacht Club creator Yuga Labs raised $320 million in crypto when it sold off land parcels in its virtual world Saturday night—and demand was so wild that it caused disruptions across the Ethereum blockchain. Transaction fees to mint an Otherdeed NFT soared to about 2 ether, or $6,000, after the launch.
Last reply by Mic Drop, -
- 1 reply
- 658 views
Here is a short paragraph from Berkshire’s 1993 letter: “In many industries, of course, Charlie and I can't determine whether we are dealing with a "pet rock" or a "Barbie." We couldn't solve this problem, moreover, even if we were to spend years intensely studying those industries. Sometimes our own intellectual shortcomings would stand in the way of understanding, and in other cases the nature of the industry would be the roadblock. For example, a business that must deal with fast-moving technology is not going to lend itself to reliable evaluations of its long-term economics. Did we foresee thirty years ago what would transpire in the television-manufacturing or c…
Last reply by Mic Drop, -
- 0 replies
- 266 views
With a 13.3% drop so far in 2022, the S&P is having its worst start to a year since 1939.
Last reply by Mic Drop, -
- 1 reply
- 417 views
On Saturday, Solana faced its seventh outage thus far in 2022. The outage lasted for seven hours overnight between Saturday and Sunday and is being attributed to a swarm of bots that overwhelmed the Candy Machine, a tool for minting non-fungible tokens Metaplex, the NFT platform powering Candy Machine, identified the bots inside the dApp as the primary cause of Solana's downtime and revealed a plan to address the issue and prevent it from happening again. Metaplex elaborated on their plan stating, “To combat this, we have merged and will soon deploy a botting penalty to the program as part of a broader effort to stabilise the network. Candy Machine is used …
Last reply by Mic Drop, -
- 3 replies
- 629 views
Last reply by Mic Drop, -
- 0 replies
- 258 views
Last reply by Mic Drop, -
Last reply by Mic Drop,
-
Translation: https://www-tagesschau-de.translate.goog/wirtschaft/finanzen/kryptowaehrungen-privatanleger-commerzbank-101.html?_x_tr_sl=de&_x_tr_tl=en&_x_tr_hl=en&_x_tr_pto=wapp Deutscher Sparkassen- und Giroverband "Kryptowährungen sind keine Geldanlagen, die ihre Kunden anbieten wollen. Die Volksbank Raiffeisenbank Bayern Mitte eG bietet ihren 174.000 Kunden Bitcoins zum Kauf an. "Wir wollen Kunden nicht dem Risiko aussetzen."
Last reply by Mic Drop, -
- 0 replies
- 199 views
For the second time in April, the Bitcoin network reached a new all-time high (ATH) in network difficulty, increasing from the previous ATH of 28.587 trillion to 29.794 trillion. This is positive as a greater network difficulty demands greater computational power to successfully mine a Bitcoin (BTC) block, leading to increased security and decreased vulnerability to network takeovers by malicious actors. https://cointelegraph.com/news/bitcoin-network-difficulty-breaks-into-a-new-all-time-high-of-29-794t
Last reply by Mic Drop,
-
- 0 replies
- 171 views
In an effort to boost throughput and Dapps performance on the Cardano network, IOHK developers have locked in a proposal to raise the network’s block size by 8kb, from 80kb to 88kb. The upgrade kicked into effect on 25th April at UTC 20:20:00. IOHK confirmed that the upgrade was part of a series of planned network optimisations to scale Cardano that will be executed throughout this year. Cardano infamous for its long development time now hosts hundreds of different Dapps, including decentralised exchanges (DEXs), wallets, metaverses, social platforms, games, NFT services, payment systems, and more. Founder Charles Hoskinson in a tweet last month stated, …
Last reply by Mic Drop, -
- 0 replies
- 296 views
Via Guy from Coin Bureau: https://twitter.com/optimismPBC/status/1519001562345005057 This is essentially their attempt at a DAO structure but with several twists. These include taking the revenue created from Optimism's transaction fees and transforming it into grants for "public goods." Moreover, they are addressing some of DeFi centralisation concerns by introducing "quadratic voting". This basically increases the cost of voting the more tokens you hold and reduces the voting power of those who hold large stakes in the network. This is particularly relevant today given some concerns that there are about VC control of Web3 protocols. It’s a voting m…
Last reply by Mic Drop, -
- 0 replies
- 244 views
DeFi project Teller has officially made the "first unsecured DeFi mortgage;" possible via USDC.homes, a company that partners with mortgage lenders and brokers to facilitate crypto home loans. The new owner purchased an apartment valued at $680,000 in Austin, Texas, using a $500,000 USDC stablecoin mortgage issued by Teller via the Polygon network. The platform allows cryptocurrency holders to obtain regular uncollateralised mortgages based on their credit scores. According to Ryan Berkun, Founder and CEO of Teller, it blends the best of both worlds, "This innovative mortgage loan market, built on the Teller protocol, integrates a mainstream user experienc…
Last reply by Mic Drop, -
Fort Worth, Texas is getting into the bitcoin mining business, and will officially be the first city in the U.S. to do so. On Tuesday, council members voted unanimously to accept a donation of three Bitmain Antminer S9 bitcoin mining equipment valued at $2,100 from the Texas Blockchain Council. The mining equipment will be kept in a climate-controlled area of Fort Worth City Hall and will be connected to a private network to reduce security risks. The city’s mining program will be experimental and will be reviewed and evaluated in 6 months. According to Mayor Mattie Parker, “These small but powerful machines mark Fort Worth’s larger commitment to becoming …
Last reply by Mic Drop, -
- 0 replies
- 459 views
The much-awaited debut of crypto ETFs in the Australian market seems to have been pushed off for later this week. According to the Australian Financial Review, the delay is being blamed on a "prime" or "executing" broker who has failed to approve the products due to a delay in appointing a market maker for the product's launch. According to a spokesperson from 21shares, “The delay is no fault whatsoever of 21Shares, the funds or the exchange. As crypto ETFs are completely new to Australia and the infrastructure is being built from the ground up, a service provider downstream needs more time to support the launch. The issue affects all fund managers equally and …
Last reply by Mic Drop, -
- 0 replies
- 207 views
According to a new report from Bitstamp, the vast majority of large investment firms are bullish on the future of crypto markets. According to Bitstamp’s survey, eight out of ten institutional investors predict that cryptocurrencies and blockchain will dominate traditional financial products within the next decade, however, only 54% of retail investors concur. The survey also notes that 88% of institutional investors and 75% of retail investors expect crypto will become mainstream in the same time frame. Interestingly, it appears that institutions are more trusting of cryptocurrency and related technology than retail investors. https://www.coinbureau.com/ne…
Last reply by Mic Drop, -
- 0 replies
- 288 views
The Bill for a two-year moratorium on crypto mining has been passed by the New York State Assembly. According to the bill, new crypto mining facilities that wish to be set up and depend on carbon-based or fossil fuels for mining activities will be denied permits to operate. Existing mining facilities and those that run on renewable energy will remain unaffected by the bill. However, existing sites that want to raise their energy consumption will not be allowed to renew their permits. The bill aims to effectively freeze existing levels of crypto mining carbon emissions until the state can act on the findings of a comprehensive impact study. https://www.coindesk.c…
Last reply by Mic Drop, -
- 0 replies
- 150 views
Digital asset custody platform Fireblocks has added support for the Terra blockchain as institutional demand for decentralised finance (DeFi) rises. This means institutional clients of Fireblocks will now have access to all the Dapps on the Terra ecosystem, such as Anchor Protocol and Lido. According to Michael Shaulov, CEO of Fireblocks “As their[institutions] appetite expands, so will their desire to be able to access all of the latest and greatest innovations across different blockchain ecosystems." https://cointelegraph.com/news/fireblocks-expands-institutional-access-to-terra-s-defi-ecosystem
Last reply by Mic Drop, -
- 0 replies
- 224 views
According to a Twitter announcement from Otherside, KYC verification is a must for those who wish to bid in the auction of the metaverse’s land NFTs. However, BAYC and MAYC holders can claim land NFTs for a period of 21 days after the auction without KYC verification. The KYC requirements are only for those wishing to mint the Land NFT at the auction. The auction which is scheduled for 12 pm ET on Saturday will follow the Dutch-style auction format, a bidding war where the asking price starts high and then falls toward a minimum reserve price. Auction participants are required to exclusively bid in APE coins for the auction. https://www.theblockcrypto.com/linked…
Last reply by Mic Drop, -
- 0 replies
- 204 views
Dragonfly Capital, a well-known crypto venture capital firm founded in 2018 by Bo Feng and Alexander Pack, has announced its third fundraising round valued at $650 million. Tiger Global, KKR, Sequoia China, and Invesco were among the investors in the $650 million round According to Qureshi, Managing Partner at Dragonfly, the new fund will focus on the new wave of crypto entrepreneurs who are forming in web3 and other more fledgling areas of the market. Qureshi believes that most web3 entrepreneurs need investors and their guidance to participate in token economics, go-to-market, product strategy, and hiring. According to Qureshi, “That's why Dragonfly is…
Last reply by Mic Drop,