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Topics - codehash

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News related to Crypto / NFT-focused holding company raises $50M Series A

« on: January 04, 2022, 05:23:23 PM »

Nonfungible token projects have raised billions of dollars in venture funding over the past year, underscoring heightened demand in the sector.

Digital asset curator Metaversal announced Tuesday that it has completed a $50 million funding round to further expand its investment capabilities in the nonfungible token (NFT) and metaverse sectors.

The Series A funding round was co-led by investment firms CoinFund and Foxhaven, with additional participation from Collab+Currency, Dapper Labs, Digital Currency Group, Franklin Templeton, Rarible, Theta Blockchain Ventures, Galaxy Vision Hill and others.

Metaversal said it will use the funding to expand its NFT-focused business, including acquiring high-profile digital collectibles and supporting projects that are being bootstrapped by its venture studio. The funding also enabled Metaversal to secure partnerships with NFT platform Rarible and Dapper Labs’ Flow blockchain. Flow, which provides the infrastructure for NBA Top Shot and CryptoKitties, is also being supported by Google and Filecoin, among other notable partners.
https://cointelegraph.com/news/nft-focused-holding-company-raises-50-series-a

News related to Crypto / The year for Bitcoin — A 2021 roundup of the flagship crypto

« on: January 02, 2022, 11:14:04 PM »

2021 saw Bitcoin scale to unfathomable heights while witnessing some real lows at the same time. Here's a deep dive into how the year went for the flagship crypto.

While 2021 did provide some sort of respite for investors operating across the global crypto landscape, it was still largely been driven by fears that first reared their ugly heads back in 2020. From rising inflation rates to another wave of coronavirus-related outbreaks, the ground beneath everyone’s feet continued to move even without them knowing.

For example, while everyone assumed that Bitcoin (BTC) would hit a price target of $100,000 quite easily — including many traditional financial institutions — by the turn of the new year, the flagship crypto continued to showcase a high degree of volatility despite having touched an all-time high of $69,000 earlier in November, and essentially just moved in a broad sideways channel for the past ten months.

That said, there have been a lot of developments — mostly positive but some negative as well — surrounding Bitcoin this year. In this piece, we will look to explore many of these themes and much more. So, without any further ado, let’s get straight into the heart of the matter.
https://cointelegraph.com/news/the-year-for-bitcoin-a-2021-roundup-of-the-flagship-crypto

News related to Crypto / Airdrop culture could pose integral threat to DeFi industry

« on: January 01, 2022, 01:15:53 AM »

The sobering fallout of rug-pulled YEAR token has provided an acrimonious ending to a commendable 12 months of growth for decentralized finance.

EtherWrapped, a project designed to provide a yearly summary of users nonfungible token (NFT) activity, launched a little over eight hours ago to palpable fanfare within the crypto community.

The website detailed a plan to airdrop YEAR tokens based upon quantitative engagement statistics in users' MetaMask wallet, or in simpler terms, their number of transactions, volume traded and gas fees, among other data.

Upon verification on EtherScan, a number of well-regarded developers and engineering experts in the space assessed the coding of the smart contract. Meows.eth noted that these parties saw a “presence of a function titled _burnMechanism,” but concluded that it was merely a harmless error by the seemingly amateur creator.
https://cointelegraph.com/news/airdrop-culture-could-pose-integral-threat-to-defi-industry

News related to Crypto / OpenSea freezes $2.2M of stolen Bored Apes

« on: December 31, 2021, 03:21:02 AM »

Art gallery owner Todd Kramer had his valuable NFT collection stolen from his hot wallet yesterday, so OpenSea froze the stolen assets worth about $2.2 million.

NFT marketplace OpenSea has frozen 16 Bored Ape and Mutant Ape nonfungible tokens (NFT) after they were reportedly stolen yesterday from a New York art gallery operator.

In total, one Clonex, seven Mutant Ape Yacht Club, and eight Bored Ape Yacht Club NFTs currently valued at about 615 ETH ($2.28 million) were stolen and are now not able to be traded on OpenSea.
https://cointelegraph.com/news/opensea-freezes-2-2m-of-stolen-bored-apes

News related to Crypto / New ProShares Metaverse ETF to track Apple, Meta, Nvidia

« on: December 30, 2021, 12:47:11 AM »

In late November, two Canadian metaverse ETFs started trading on the Toronto Stock Exchange on the same day.

ProShares, the first company in the United States to launch a Bitcoin (BTC) exchange-traded fund (ETF), is diving into the metaverse as it now plans to launch a new metaverse-focused ETF.

ProShares on Tuesday filed with the U.S. Securities and Exchange Commission for an ETF focused on the metaverse, called the ProShares Metaverse Theme ETF.

Subject to approval by the SEC, the proposed ETF will track the performance of the Solactive Metaverse Theme Index (SOMETAV), consisting of firms providing or using metaverse-related technologies, including data processing and metaverse devices, the ETF prospectus reads.
https://cointelegraph.com/news/new-proshares-metaverse-etf-to-track-apple-meta-nvidia

News related to Crypto / Data shows pro traders are currently more bullish on Ethereum than Bitcoin

« on: December 10, 2021, 02:42:00 AM »

ETH has outperformed BTC by more than 230% this year and derivatives data suggests traders believe the altcoin has a lot more upside.

Most traders have noticed that Ether (ETH) price has seriously outperformed Bitcoin (BTC) for months now and the ETH/BTC ratio has rallied more than 230% in 2021 and recently hit a new high at 0.089 BTC on Dec. 9.

To put things in perspective, Ether's $490 billion market capitalization currently represents 54% of Bitcoin's $903 billion. This ratio finished 2020 at a mere 15%, so it is safe to conclude that some 'flippening' has occurred. It might still be far from what Ethereum-maximalists imagined, but it is still quite a respectable run.
https://cointelegraph.com/news/data-shows-pro-traders-are-currently-more-bullish-on-ethereum-than-bitcoin

News related to Crypto / Iceland cuts power to new Bitcoin miners

« on: December 09, 2021, 01:06:03 AM »

Starting on Tuesday, no new requests for power from Bitcoin mining operations will be accepted from the country’s energy utility service.

National Iceland electrical company Landsvirkjun has cut the amount of power it will provide for some industries, including aluminum smelters and Bitcoin (BTC) miners.

A representative from the island’s power utility reported it has been forced to reduce energy allocations to southwestern Bitcoin miners and various industrial facilities due to a series of issues including a problem at a power station, low hydro-reservoir levels and accessing energy from an external supplier.
https://cointelegraph.com/news/iceland-cuts-power-to-new-bitcoin-miners

Kripto Para Haber / Kripto para borsası Bitrota'nın sahibine gözaltı

« on: December 08, 2021, 12:52:18 AM »

Kripto para borsası Bitrota'nın sahiplerinden K.A. dolandırıcılık iddiasıyla Antalya'da yakalandı. Antalya'nın Alanya ilçesinde gözaltına alınan K.A. soruşturma kapsamında İstanbul'a gönderildi.

Kayseri Cumhuriyet Başsavcılığı, kentte 3 yıl önce şirket kuran K.A. ve H.Ö. tarafından geçen yıl devreye alınan 'Bitrota' adındaki kripto para borsasının çökmesinin ardından mağdurların suç duyurusu üzerine soruşturma başlattı. Haklarında yakalama kararı çıkartılan şüphelilerden K.A., Antalya'nın Alanya ilçesinde gözaltına alındı. K.A. soruşturma kapsamında İstanbul'a gönderildi.
https://www.posta.com.tr/kripto-para-borsasi-bitrotanin-sahibine-gozalti-2409720

News related to Crypto / Ubisoft launches Ubisoft Quartz platform for playable and energy-efficient NFTs

« on: December 08, 2021, 12:17:42 AM »

Starting with Ghost Recon Breakpoint, Ubisoft will drop NFTs to PC players on the Tezos blockchain on Thursday.

French video game publisher Ubisoft announced its first foray into nonfungible tokens (NFTs) via a new platform called Ubisoft Quartz to launch in beta this week with Ghost Recon Breakpoint for PC players on Ubisoft Connect.

Source: https://cointelegraph.com/news/ubisoft-launches-ubisoft-quartz-platform-for-playable-and-energy-efficient-nfts

News related to Crypto / Coinbase launches open-source cryptography library Kryptology

« on: December 07, 2021, 12:21:58 AM »

The library will aid in building complex cryptographic techniques to match the needs of the bourgeoning DeFi sector.

On Monday, Coinbase, the fourth-largest cryptocurrency exchange globally by trading volume, announced the creation of a novel cryptographic library, Kryptology, as a compendium of tools for blockchain developers. These include secure, audited and easy-to-use APIs as well as a repository of common issues and lessons learned throughout the history of crypto.
https://cointelegraph.com/news/coinbase-launches-open-source-cryptography-library-kryptology

News related to Crypto / Vitalik Buterin outlines ‘endgame’ roadmap for ETH 2.0

« on: December 06, 2021, 11:59:16 PM »

The Eth2 launch process began in November 2020. The network’s switch to proof-of-stake is expected to make ETH a deflationary asset.

Ethereum co-founder Vitalik Buterin has outlined his vision for a “plausible roadmap” for Eth2, presenting a future where the largest smart-contract platform can increase its scalability while meeting high standards for trustlessness and censorship resistance.

In a Monday post titled “Endgame,” Buterin presented a thought experiment for how the average big blockchain — defined by very high block frequency, high block size and thousands of transactions per second — can still be considered sufficiently trustless and censorship-resistant. The obvious trade-off for this level of scalability is the centralization of block production. Buterin’s solutions, as presented in the blog post, do not address the centralization issue, but still provide a roadmap for implementation.
https://cointelegraph.com/news/vitalik-buterin-outlines-endgame-roadmap-for-eth-2-0

News related to Crypto / Things to know (and fear) about new IRS crypto tax reporting

« on: December 05, 2021, 12:49:51 AM »

The new law redefines "cash" to include "any digital representation of value" including cryptocurrency, but in an anonymous system, is this going to work?

The Infrastructure Investment and Jobs Act (H.R. 3684) put crypto in the crosshairs, where Congress and the Internal Revenue Service (IRS) hope to scoop up enormous tax dollars. This reporting regime is projected to rake in an astounding $28 billion over the next ten years. No other provision in this massive recently enacted federal law is supposed to produce tax dollars that are even close. If you don’t think that means the IRS is coming for your crypto in a very big way and that Congress is trying hard to facilitate it, think again.

https://cointelegraph.com/news/things-to-know-and-fear-about-new-irs-crypto-tax-reporting

News related to Crypto / DeFi disasters: $31M drained from MonoX and BadgerDAO losses top $120M

« on: December 03, 2021, 02:38:19 AM »

A disappointing week of exploits has put a temporary grim cloud over the end of 2021, with BadgerDAO and Huobi-listed MonoX suffering major losses.

More than $150 million has been lost this week in separate security breaches at DeFi projects MonoX and BadgerDAO.

Multi-chain decentralized exchange (DEX) MonoX (MONO) suffered a cyber attack on Nov. 30 leading to about $31 million in losses. BadgerDAO (BADGER) suffered a front-end attack that was discovered on Dec. 2 with estimates of Badger’s losses hitting more than $120 million.
https://cointelegraph.com/news/defi-disasters-31m-drained-from-monox-and-badgerdao-losses-top-120m

News related to Crypto / BREAKING: Square rebrands to Block as focus shifts to blockchain

« on: December 02, 2021, 12:47:18 AM »

“Block is a new name, but our purpose of economic empowerment remains the same. No matter how we grow or change, we will continue to build tools to help increase access to the economy," said Jack Dorsey.

Digital payments company Square announced that it has changed its company name to Block, seemingly in a shift towards blockchain technology.

In a Wednesday tweet, Square said the rebrand will bring the payments firm together with Cash App, the decentralized Bitcoin (BTC) exchange project tbDEX, and music and video streaming platform Tidal. An accompanying news release said that Square Crypto, the cryptocurrency-focused branch of the payment firm, will also be changing its name to Spiral and joining the Block family. Source: https://cointelegraph.com/news/breaking-square-rebrands-to-block-as-focus-shifts-to-blockchain

News related to Crypto / UAE issues first NFT stamps in the Middle East

« on: December 01, 2021, 12:34:03 AM »

The United Arab Emirates’ postal operator is issuing nonfungible token (NFT) stamps to commemorate the federation’s 50th National Day, offering further evidence that digital collectibles are gaining mainstream appeal globally.

Emirates Post Group, or EPG for short, announced this week that it has become the first postal organization in the Middle East and North Africa to issue digital-collectible stamps. The new stamps, which will be unveiled on the Dec. 2, National Holiday, consist of blockchain-based digital twins that will be sold as digital collectibles linked to their physical counterparts.
https://cointelegraph.com/news/uae-issues-first-nft-stamps-in-the-middle-east