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Topics - Triedboy

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Bitcoin News & Updates / After Losing $60 Million in Bitcoin, El Salvador’s President Buys More

« on: July 02, 2022, 11:46:34 AM »

Nayib Bukele has spent another $1 million in Bitcoin, adding 80 BTC to El Salvador’s existing stash of 2,301 BTC.
"El Salvador bought today 80 BTC at $19,000 each," the Central American politician tweeted, "Bitcoin is the future, thanks for selling cheap," he said.

Prior to this latest announcement, Bukele had invested about $104 million to buy 2,301 BTC at an average price of $45,171, according to his own tweets. Yesterday, when Bitcoin fell to $19,000, El Salvador’s Bitcoin stash was worth $43,719,000, implying losses for the country of about $60.2 million.more information

News related to Crypto / Voyager Digital Halts Trading and Withdrawals After Three Arrows Capital Default

« on: July 02, 2022, 11:43:45 AM »

Citing “current market conditions,” the embattled crypto trading platform has paused all customer activity.Crypto trading platform Voyager Digital announced today that it has temporarily halted all withdrawals, deposits, and trading due to “current market conditions,” Voyager CEO Stephen Ehrlich said in a press release.

Earlier this week, Voyager Digital issued a default notice to Three Arrows Capital, the crypto hedge fund whose apparent recent demise has sent shockwaves throughout the cryptocurrency industry, impacting other firms that had exposure to it.more

NFTs & Collectibles / Coinbase NFT Releases New Features as It Struggles to Attract Traders

« on: July 02, 2022, 11:39:03 AM »

Coinbase continues to build out its eight-week-old NFT marketplace touting an engagement-first approach.Coinbase NFT is adding more new features for its relatively small userbase.

The cryptocurrency exchange’s NFT marketplace has rolled out a number of enhancements since its public beta launch at the beginning of May. Coinbase NFT has added an NFT “Bulk Manage” feature, a “Liked” tab, the ability to edit list prices, an insights page, and a notification hub.more information

News related to Crypto / Three Arrows Capital Files For Bankruptcy: Report

« on: July 02, 2022, 11:37:26 AM »

The bear market has mauled yet another high-flying crypto firm. Crypto investment firm Three Arrows Capital, also known as 3AC, filed for Chapter 15 Bankruptcy Friday, Bloomberg has reported.
While not unexpected, the news brings an ignominious end to the prominent, decade-old firm that managed as much as $10 billion in assets as recently as March, according to blockchain analytics platform Nansen.The filing emerged hours after Voyager Digital suspended trading and withdrawals, citing unpaid loans to Three Arrows totalling $646 million. Voyager issued Three Arrows a notice of default on Monday.more information

Bitcoin News & Updates / Can't stop, won't stop' — Bitcoin hodlers buy the dip at $20K BTC

« on: July 01, 2022, 02:31:11 AM »

The idea that panic selling is driving BTC price losses appears less watertight on the back of the latest data.Bitcoin selling has made the headlines for weeks and has even begun to include long-term holders (LTHs) — those who have been guarding their coins for 155 days or more.

Speculators are not taking the blame for the current BTC price weakness, but contrary to popular opinion, many market participants are, in fact, adding to their BTC allocations.

Dissecting Glassnode data, Checkmate revealed that the smallest and largest players are both in buy-mode at around $20,000.

Splitting the hodler base into four sections: “shrimps,” “crabs (otherwise known as classic hodlers),” “sharks” and whales, the figures make for surprising reading.more info

Bitcoin News & Updates / New spot Bitcoin ETF launches at Euronext Amsterdam Exchange

« on: July 01, 2022, 02:29:35 AM »

The Jacobi Bitcoin ETF will start trading on the Euronext Amsterdam Exchange under the ticker BCOIN in July.Major Dutch stock exchange Euronext Amsterdam, a part of the pan-European marketplace Euronext, is debuting its first Bitcoin (BTC) exchange-traded fund (ETF).

Jacobi Asset Management, a London-based digital asset management platform, is preparing to launch its Jacobi Bitcoin ETF on Euronext Amsterdam next month, the firm announced on Thursday. The spot Bitcoin ETF will start trading on the Euronext Amsterdam Exchange under the ticker BCOIN.

The Jacobi Bitcoin ETF is positioned as the first spot Bitcoin ETF launched in Europe, Jacobi founder and CEO Jamie Khurshid told Cointelegraph.

"Our product is the first spot or physical-backed Bitcoin fund, and the fund is not allowed to lend, stake or leverage any of the assets it owns. For the first time in Europe, investors buying an exchange-traded Bitcoin product will own the units that own the Bitcoin," Khurshid said. "There are other exchange-traded products in Europe but no other spot BTC ETF," he added.more info

Bitcoin News & Updates / Grayscale’s legal challenge to SEC sparks response from the community

« on: July 01, 2022, 02:27:57 AM »

From accusing the SEC of suppressing Bitcoin to suggesting alternatives, the community responded in various ways to Grayscale’s legal challenge against the SEC.After Grayscale’s application to convert its Grayscale Bitcoin Trust (GBTC) into a Bitcoin (BTC) exchange-traded fund (ETF) was denied, the firm launched a legal challenge against the United States Securities and Exchanges Commission. Following these events, the community responded with various reactions, from accusing the SEC of price manipulation to suggesting different solutions.

Redditor u/ThatsMRcurmudgeon2u, who introduced themself as a securities lawyer, weighed in on the matter. According to the Redditor, many anticipated the lawsuit, as SEC Chair Gary Gensler has made it clear that he wants exchanges to register with the SEC. The Redditor also accused the SEC of “holding GBTC hostage.more info

News related to Crypto / Nexo Says It’s Nothing Like Celsius and Other Crypto Lenders. Here's What the Da

« on: June 29, 2022, 02:51:07 AM »

While Nexo fights to clear its name, some of the lender's largest wallets, including what Nansen says is its corporate treasury, show a $838 million balance.The ongoing liquidity issues at crypto lenders BlockFi, Celsius, and Voyager Digital have put other crypto lenders in the hot seat, with some rushing to assure clients that their funds are safe.

But Nexo, which points to its real-time attestations from accounting firm Armanino as proof that it hasn’t gone the way of its competitors, has also had to contend with a Twitter user who claims its co-founder Kosta Kantchev embezzled funds from a charity to build “a palace the size of a high school.more information

Bitcoin News & Updates / Compass Mining CEO and CFO Resign, Company Cites 'Setbacks and Disappointments'

« on: June 29, 2022, 02:48:31 AM »

The Bitcoin mining firm elevates two executives to interim co-CEOs in bid to achieve the "next level of growth."Bitcoin hardware mining company Compass Mining announced today the resignation of Chief Executive Officer and co-founder Whitney "Whit" Gibbs and Chief Finance Officer Jodie Fisher.Compass Mining was created to make mining easy and accessible," the company said. "We recognize that there have been multiple setbacks and disappointments that have detracted from that objective."

The resignations come shortly after allegations emerged that Compass Mining failed to pay the utility bills at a facility in Maine, owned by Dynamics Mining.more information

NFTs & Collectibles / Snoop Dogg: Crypto Bear Market ‘Weeded Out’ Those ‘Abusing the Opportunities’

« on: June 29, 2022, 02:45:56 AM »

He also said record labels soon will realize their IP is “better served on the blockchain than sitting in the catalog collecting cobwebs.”When it comes to music, Snoop believes the big record labels will inevitably get into Web3 and NFTs because “all of them” have asked him for advice. And Snoop’s probably right—Warner Music Group, Universal, and Sony Music have explored NFTs, which are unique blockchain tokens that signify ownership of a digital or physical asset.

“Sooner or later the labels are gonna have to come on in,” said Snoop, who acquired Death Row Records earlier this year and has already released NFTs through the label. “They gonna have to sit at the table and understand that, you know, their catalogs and things that they hold onto are better served on the blockchain than sitting in the catalog collecting cobwebs.more

Bitcoin News & Updates / Bitcoin network power demand falls to 10.65GW as hash rate sees 14% drop

« on: June 26, 2022, 01:57:24 AM »

The Bitcoin network recorded the year 2022’s lowest power demand of 10.65 gigawatts (GW). At its peak, the BTC network demanded 16.09 GW of power.The overall power consumption of the Bitcoin (BTC) network recorded a drastic drop after mimicking the two-week-long fall in the mining hash rate, which reduced the commuting power for mining BTC blocks to 199.225 exahash per second (EH/s).

According to the data shared by the Cambridge Centre for Alternative Finance, the Bitcoin network recorded the year 2022’s lowest power demand of 10.65 gigawatts (GW). At its peak, the BTC network demanded 16.09 GW of power.more information

Solana Forum / Why Solana Is Going Big on Mobile—And Making a Smartphone

« on: June 25, 2022, 02:07:57 AM »

Solana co-founder Anatoly Yakovenko tells Decrypt about its new SMS platform and Android phone, the Solana Saga. Solana’s teasers leading up to yesterday’s “SMS” event suggested something to do with mobile, but few could have imagined the twist that was announced in New York City. Yes, Solana Labs has built a mobile software platform… but it’s also releasing a smartphone.

Solana Labs yesterday revealed the Solana Mobile Stack (SMS) software kit, which provides tools for developing native Android mobile apps, walls, and games, and also includes a decentralized app store. The company also revealed the Saga, a powerful Android smartphone that will be released in early 2023.more information

Ethereum Forum / Fashion Brand Salvatore Ferragamo Opens Ethereum NFT Booth in NYC

« on: June 25, 2022, 02:05:00 AM »

The upscale fashion designer joins the likes of Gucci, Prada, and Balmain embracing NFTs. blockchain like Ethereum or Solana and signify ownership over an asset, like a piece of digital art. All of the NFTs created at the Ferragamo booth will be free to visitors, but only 256 can be minted in total.

The brand has partnered with the artist Shxpir to create the traits and visual elements for its NFTs. Shxpir creates psychedelic, 3D digital art with glitch and surrealist elements, and has also designed a limited-edition capsule collection of physical items for Ferragamo consisting of 200 t-shirts and 150 sweatshirts.more information

Crypto Exchanges / Crypto Exchange CoinFLEX Freezes Withdrawals Due to Counterparty 'Uncertainty'

« on: June 24, 2022, 01:50:33 AM »

CoinFLEX joins Celsius, Babel Finance, Finblox, and Voyager Digital in either freezing or limiting user withdrawals. Who’s next?CoinFLEX clarified, however, that the troubled counterparty in question is not Three Arrows Capital (also known as 3AC) “or any lending firm,” which would include BlockFi and Celsius—two firms known to be in dire straits financially, which the latter potentially causing further contagion in the crypto market.

“We are confident that this situation can be repaired fully with a restoration of all functionality, namely withdrawals,” CoinFLEX’s Lamb said today.more information

Solana Forum / Solana Labs Launches Mobile Platform, Reveals Android Smartphone

« on: June 24, 2022, 01:48:28 AM »

The Solana Mobile Stack will enable more mobile Web3 apps, plus Solana Labs will launch its own smartphone in early 2023.Solana Mobile Stack (SMS) is an open-source software kit designed to enable the development of native Android apps built around the Solana blockchain. The kit includes the Mobile Wallet Adapter, a protocol for plugging in mobile Solana wallets. According to the firm, this feature will work on all mobile devices—not just Android ones.

Another new feature called Seed Vault is a software custody solution that keeps private keys and seed phrases (essentially the passwords that unlock crypto funds) and other sensitive information secure on an Android device. Lastly, SMS includes Solana Pay for Android, which enables mobile payments via the platform.more information