Day: December 3, 2021

Edward Snowden says gamers could be vulnerable to exploitation using NFTs

National Security Agency whistleblower Edward Snowden said he was concerned with how some privileged individuals or firms in the digital space might be able to use nonfungible tokens, or NFTs, in the gaming industry. Speaking with Ethereum co-founder Gavin Wood at the BlockDown DeData online conference on Friday, Snowden said though he had seen some use cases for nonfungible tokens to raise funds for causes, he is concerned with the technology “creeping into gaming.” The whistleblower described certain aspects of the metaverse as “horrible, and heinous, and tragic” for aiming…

French startup brings vintage wines to the NFT market

Many exciting developments are coming to the space of nonfungible tokens, or NFTs, ranging from metaverse NFTs to fantasy soccer digital collectible cards and up to monster-battle NFT games. In fact, Cointelegraph Research predicts NFT sales will hit a record high of $17.7 billion this year. But one French startup is taking more of an ambitious approach with wine NFTs. In an exclusive interview with Cointelegraph, Samuel Balthazard and Yacin Kharroubi — CEO and chief product officer of World Wide Wines, respectively — discussed the logistics of making French wine available…

20 Predictions About the Future of Money

This episode is sponsored by NYDIG. Download this episode As part of CoinDesk’s Future of Money week, they asked some of crypto’s biggest brains for their predictions on the future of money. In today’s episode, NLW goes one by one through those predictions, saying whether he agrees or disagrees and why. Read the original: The Future of Money: 20 Predictions “The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Adam B.…

Analyst says Bitcoin is ‘on sale’ after BTC price dips below $54,000

Bitcoin’s (BTC) downtrend extended a few rungs lower on Dec. 3 after the price dropped under $54,000 and traders will note that the BTC/USD daily chart shows a notable uptick in sell volume.  Crypto Fear & Greed Index. Source: Alternative Investors seem concerned at the emergence of a new COVID-19 variant and hawkish comments from the Federal Reserve. Meanwhile, veteran investment icon Charlie Munger added to the fire by comparing the price action in the crypto market to the dot-com era that ended with the bubble popping. BTC/USDT 4-hour chart.…

Two DeFi hacks top $120M, and $500M Algo Fund launches, Nov. 26–Dec. 3

Welcome to the latest edition of Cointelegraph’s decentralized finance newsletter. A week packed with positive advancements in the DeFi space including nine-figure fund raises, successful product launches and soaring token prices was somewhat tarnished by the news of two severe security exploits. Read on to get the full scope of developments across the week. What you’re about to read is the smaller version of this newsletter designed for brevity. For the full version of DeFi’s developments over the last week, drop your email below. Borderless Capital launches $500M fund to…

Blockchain.com Reveals Non-Fungible Token Marketplace and NFT Explorer – Bitcoin News

The crypto firm Blockchain.com is joining the slew of digital currency exchanges that have launched non-fungible token (NFT) marketplaces in recent times. On December 2, the company announced it is launching the Blockchain.com NFT marketplace, and select users can sign up for beta access today. Blockchain.com NFT Marketplace Launches Beta Access Non-fungible token (NFT) assets have become a billion-dollar industry and it seems like this technology will be a mainstay for years to come. As the NFT hype grows exponentially in 2021, a number of crypto-asset exchanges have launched NFT…

Crypto Lender Celsius Admits Losses in $120M BadgerDAO Hack

Crypto lender Celsius Network confirmed the company has lost money from the latest decentralized finance (DeFi) hack on BadgerDAO, a lending platform that offers yields and focuses on wrapped bitcoin. During an ask-me-anything (AMA) YouTube live stream on Friday, Celsius CEO Alex Mashinsky said the company “lost money” in the BadgerDAO hack without specifying the value of the losses. Some had speculated earlier Friday that roughly $51 million was lost, based on blockchain data. “It wasn’t a Celsius hack,” Mashinsky said. “It was a Badger hack, but some of the…

What Ethereum 2.0 Looks Like As Vitalik Buterin Celebrates Its Birthday

The Ethereum 2.0 upgrades of the consensus layer built by multiple teams in the ecosystem promise to bring a “more scalabe, more secure, and more sustainable Ethereum”, and now Vitalik Buterin celebrates 1 year since the proof-of-stake Beacon Chain went live. Eth2 or Serenity aims to “support 1000s of transactions per second” so the high gas fees problem can be solved. The Beacon Chain, one of  Ethereum 2.0’s distinct sections, has allowed users to be Eth2 validators by staking Ethereum, reportedly earning up to 10% annually, diminishing miners for transaction…

Blockchain.com To Launch New NFT Marketplace – Bitcoinist.com

The crypto exchange and wallet company Blockchain.com has announced that it’s launching a new NFT marketplace soon. Blockchain.com Announces NFT Marketplace, Opens Early-Access Registrations The firm has announced today that a new non-fungible token marketplace is soon coming to the platform, and those looking to get early access can register themselves in the beta waitlist on the official website. According to the company, users will be able to buy, sell, and store NFTs directly in their Blockchain.com wallet in the coming weeks. The platform’s main aim is to make the…

Mid-To-Long Term Holders Responsible For November Correction

Data reveals that mostly mid-to-long term holders were selling their Bitcoin during November, thus being responsible for the correction. Bitcoin UTXO Age Shows Mid-Term Holders Sold Their Coins In November As per the latest weekly report from Arcane Research, mid-term holders seem to be behind the decline in BTC’s price during the month of November. The relevant on-chain indicator here is the “UTXO Age.” UTXO stands for Unspent Transaction Output; you can think of it as a Bitcoin mechanic that keeps track of coins on the chain. The UTXO age…