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News related to Crypto / Crypto Could Become Global Reserve Currency: Rand Paul

« on: October 26, 2021, 02:34:59 PM »

Senator Rand Paul (R-Ky) has been amazed at the growth of cryptocurrencies, and wonders if crypto could one day act as a global reserve currency. Senator Rand Paul (R-Ky) believes cryptocurrency may become the reserve currency of the world in the future, according to an interview that aired last weekend.

“I’ve started to question whether or not cryptocurrency could actually become the reserve currency of the world as more and more people lose confidence in government,” Paul told Axios. Source

Bounties & Rewards [BOUNTY] / Re: 🔴[BOUNTY]🔴BITGAME ✅Live Project💰200 000$ in LUT Tokens💸Payout every 2 week🔥

« on: October 13, 2021, 06:04:44 PM »

Bitcoin News & Updates / Mike Novogratz, Brian Armstrong Take Aim at Jamie Dimon's Bitcoin Criticism

« on: October 13, 2021, 02:58:54 PM »

High-profile figures within the crypto industry slammed JP Morgan’s boss over his latest comments on Bitcoin. Jamie Dimon, the chairman and CEO of JP Morgan, has once again sparked a backlash from the crypto community over his statements on Bitcoin.

Speaking at the Institute of International Finance event on Monday, Dimon called Bitcoin “worthless,” stressing, however, that even though JP Morgan can't custody it [Bitcoin], it can give its clients a “legitimate, as-clean-as-possible access" to crypto.

Yet, it was Dimon questioning Bitcoin’s 21 million supply cap that caused the real ire. Source

Bitcoin News & Updates / Ted Cruz Believes Texas’ Abundant Energy Is Opportunity for Bitcoin

« on: October 13, 2021, 02:57:04 PM »

Speaking at the Texas Blockchain Summit last week, Senator Ted Cruz (R-TX) said Bitcoin could make use of the state’s abundant energy resources. Senator Ted Cruz (R-TX) said last Friday that Texas’ abundant energy resources represent a great opportunity for Bitcoin.

“Fifty percent of the natural gas in this country that is flared, is being flared in the Permian right now in West Texas. I think that is an enormous opportunity for Bitcoin, because that’s energy that is just being wasted,” Cruz told Jimmy Song at the Texas Blockchain Summit last week. Source

Bitcoin News & Updates / Bitcoin ETF Could Tank Crypto Prices: Pantera CEO

« on: October 13, 2021, 02:52:20 PM »

Dan Morehead fears that a Bitcoin ETF launch could have a negative impact on the price of the world’s leading cryptocurrency. Dan Morehead, the CEO of Pantera Capital, is confident that the crypto market has entered a new bull cycle. He has, however, also warned that a potential launch of a Bitcoin exchange-traded fund (ETF) could put a damper on the latest run-up.

In an October note to investors, Morehead said that “after a period of temporary insanity,” which included fears that China’s ban on Bitcoin mining would ruin the industry and heated debates on the environmental impact of Proof-of-Work cryptocurrencies, “now we’re in a new bull market.” Source

NFTs & Collectibles / Web 3 ‘Being Held Together by Duct Tape’: NFT Artist Pplpleasr

« on: October 13, 2021, 02:49:23 PM »

Emily Yang, better known by the name pplpleasr, believes Web 3.0 tech still has a very, very long way to go.
Emily Yang, the 3d artist better known as pplpleasr, told Decrypt that Web 3 technology is not nearly as secure as enthusiasts might think.

Web 3 is what many believe to be the next phase of the Internet that is still being built. Contrary to Web 2, the Internet as we know it today, the Web 3 Internet aims to be defined by decentralization. An innovation that results in platforms free from the control of single entities—but crucially—that can still be trusted by users. Source

Binance / Binance Launches $1 Billion Crypto Fund

« on: October 13, 2021, 02:45:09 PM »

Binance has launched a $1 billion to promote the Binance Smart Chain as well as promote a variety of other sectors.
Crypto exchange Binance has launched a $1 billion growth fund to spur on the adoption of blockchain technology, as well as to support the Binance Smart Chain blockchain itself.

“With the $1 billion initiative, our focus will be widened to building cross-chain and multi-chain infrastructures integrated with different types of blockchains,” Gwendolyn Regina, investment director of the Binance Smart Chain Accelerator Fund reportedly said in a statement. Source

Coinbase / Coinbase NFT Marketplace and Social Feed Coming This Year

« on: October 13, 2021, 02:36:15 PM »

Coinbase moves closer to launching its long-awaited NFT platform. Can it compete? Coinbase has been teasing an NFT platform since the spring but has offered little in terms of details. That changed on Tuesday when the cryptocurrency giant announced "Coinbase NFT," a service that promises an easy way for users to mint and purchase NFTs.

"Creating an NFT should be as simple as tapping a few buttons ... Coinbase NFT will be a peer-to-peer marketplace built to enable creativity [w]ith an intuitive design built on top of a decentralized marketplace," said the company in a blog post. Source

Bitcoin News & Updates / US Becomes Largest Bitcoin Mining Market After China's Crypto Ban

« on: October 13, 2021, 02:27:05 PM »

According to new data from Cambridge University, the United States has become the global leader in the Bitcoin mining industry. The United States has become the world's largest market for Bitcoin mining, according to new data from Cambridge University.

The United States now holds a share of 35.4% of the market, following a mass exodus of miners from China after the Chinese government banned mining earlier this year. Source

Binance / Binance to Delist Chinese Yuan, Block Crypto Traders in Mainland China

« on: October 13, 2021, 02:23:58 PM »

Crypto exchange Binance is set to delist the Chinese Yuan from its over-the-counter trading platform from December 31. Binance, the world’s largest crypto exchange, has announced that it will delist the Chinese Yuan (CNY) from its over-the-counter (OTC) trading desk.

Binance’s OTC trading platform, also known as the C2C (customer-to-customer) marketplace, allows traders to place orders with self-selected exchange rates and payment methods to buy or sell cryptocurrencies with virtually any fiat currency. Source

Entrepreneurship , Business & Online Work Forum / Intel Won't Limit Crypto Mining on New Alchemist Graphics Cards

« on: October 13, 2021, 02:21:16 PM »

Intel's forthcoming line of Arc graphics cards won't restrict cryptocurrency mining, the company has revealed. Intel has revealed that its forthcoming line of graphics cards won't include software or hardware restrictions on cryptocurrency mining.

Speaking in a roundtable discussion with Gadgets360, Intel VP and GM of Client Graphics Products and Solutions, Roger Chandler said that that the company's forthcoming line of Arc graphics cards, codenamed "Alchemist," will not include "software lockouts and things of that nature." Source

Legality & Taxation of Cryptos / Australia Eyes New Criminal Offenses, Tougher Penalties for Ransomware Attackers

« on: October 13, 2021, 02:18:11 PM »

Ransomware attacks on Australian entities grew by record levels in 2020—now the government is hitting back. Hackers will face new criminal offenses and tougher penalties for ransomware attacks, according to The Australian.

The news follows an operation by the Australian Federal Police to curb a record increase in ransomware attacks in 2020, which reportedly cost the Australian economy AUD $1.4 billion (roughly USD $1 billion).

“Ransomware gangs have attacked businesses, individuals, and critical infrastructure right across the country,” reportedly said Karen Andrews, the home affairs minister. Source

Crypto Exchanges / FTX US Aims to Take On OpenSea—First With Solana NFTs, Ethereum Only 'Weeks Away

« on: October 12, 2021, 03:58:02 PM »

You can now buy Solana NFTs with USD on FTX’s regulated marketplace, and Ethereum support is on the way. The U.S. division of cryptocurrency exchange FTX today launched its new NFT marketplace. Initially offering NFTs minted on the Solana network, FTX NFTs will soon add support for Ethereum—the leading blockchain for NFTs—as it attempts to steal some of OpenSea’s thunder.

Unlike OpenSea and decentralized Solana marketplaces like Solanart and DigitalEyes, FTX NFTs lets users buy and sell collectibles in U.S. dollars using credit cards or funds brought in from an ACH bank transfer or wire transfer. Users can buy and sell with cryptocurrency as well. Source

Ethereum News & Updates / Ethereum NFT Game Sorare Investigated by UK Gambling Commission

« on: October 12, 2021, 03:55:32 PM »

The NFT-driven fantasy soccer game, which recently raised $680 million, has come under scrutiny by U.K. regulators.
Sorare, an Ethereum-based fantasy soccer game built around NFT digital trading cards, has come under scrutiny by the United Kingdom’s Gambling Commission, which is investigating whether the game requires a gambling license—which it does not currently hold—to continue operating in the country. Source

Crypto Wallets / Early Facebook Investor Andreessen Horowitz Nabs Engineers From Novi Crypto Wall

« on: October 12, 2021, 03:52:17 PM »

Andreessen Horowitz's crypto team has hired two of the few people who know what's in Facebook's Novi wallet. Venture capital firm Andreessen Horowitz, a founding member of the organization behind Facebook's Diem cryptocurrency project, is making sure something good comes of an investment that has thus far failed to bear fruit.

Two lead engineers for Facebook's Novi wallet, which will be used to hold a dollar-based stablecoin issued by the Diem Association that Facebook created, are moving into senior roles at a16z Crypto, according to a blog post from the firm today. Source