Day: December 6, 2021

El Salvador Calls Another Bitcoin Dip With 150 BTC Purchase

boss

Bitcoin has now become part of El Salvador’s daily life following the official implementation of the cryptocurrency as a legal tender. Since then, the El Salvador government has pledged to purchase bitcoins and has held up its end of the bargain. Now, every time the price of BTC goes down, the country calls the dip and purchase a significant amount of bitcoin. In multiple instances spread through the past couple of months, El Salvador has purchased millions of dollars worth of bitcoin. The country had purchased 100 bitcoins during the…

Craig Wright Found Not Liable for Breach of Kleiman Business Partnership

Craig Wright, the Australian computer scientist best known for his claims to be the inventor of Bitcoin, was found not liable for breaching a bitcoin mining business partnership with Dave Kleiman by a Miami jury Monday. Wright will have to pay $100 million to W&K Info Defense on one count of conversion, the jury ruled. This leaves Wright victorious on all but one charge. The verdict comes after several days of deliberation following a four trial in a Miami courthouse. Wright was sued in Florida by Ira Kleiman – the…

Bank of International Settlement calls the rise of decentralized finance ‘an illusion’ in latest quarterly review

boss

On Monday, the Bank of International Settlement, or BIS, a financial institution owned by central banks worldwide, published a report scrutinizing the development of the decentralized finance, or DeFi, industry. The article opened by saying, “There is a “decentralization illusion” in DeFi since the need for governance makes some level of centralization inevitable, and structural aspects of the system lead to a concentration of power.” It continued: If DeFi were to become widespread, its vulnerabilities might undermine financial stability. These can be severe because of high leverage, liquidity mismatches, built-in…

There Is More to an NFT than Art

boss

One of the biggest auction houses in the world, Sotheby’s is best known for its NFT auctions. They have worked with leading artists to launch NFTs, with one of the most memorable sales being a digital art piece by Beeple, an anonymous digital artist for $68 million. The uniqueness of NFTs, which exist as tokenized versions of assets, secured by the blockchain, have made them popular with art buyers. The Year of NFTs; 2021 As 2021 comes to a close, it can be declared as THE year of NFTs. Various…

Getting Started with Crypto Mining

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Is mining at home profitable? That depends on which coins you’re mining, the hashing difficulty of the network, the equipment you’re using, and the price of … ▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Youtube version

The Blockchain Company Allowing Fans To Connect with their Favorite Artists

boss

Social media platforms have allowed thousands of artists, creators and celebrities to rise to fame and become household names within every niche imaginable.  The business of sharing the intimate details of one’s life has become a lucrative industry like any other – but it is flawed. The current social media model completely favors the large social media giants. It is designed to compensate the giants with profits and the artists & creators with awareness (followers).  If artists & creators would like to monetize their followers and actually make money, they…

2021’s BTC Obituary List Accelerated This Year, 41 Alleged Bitcoin Deaths Recorded – Featured Bitcoin News

boss

As bitcoin and a number of crypto assets have dropped in value during the last two weeks, its seems that everyone’s hope for six-digit bitcoin prices has become unattainable. However, year-to-date, bitcoin has risen more than 150% in value and despite the rise, skeptics and critics continue to assume bitcoin is dead. In fact, the infamous bitcoin obituary list indicates that 2021 is tied with 2019 for having the third-largest number of obituaries in a year. Bitcoin Obituaries: 2021 Is Now Tied With 2019 On November 10, bitcoin (BTC) tapped…

Vitalik Buterin outlines ‘endgame’ roadmap for ETH 2.0

boss

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…

Will the Recent Bitcoin Crash be the End of the Bullish Cycle? – Blockchain News, Opinion, TV and Jobs

The crypto markets took a steep nosedive in the early hours of Saturday morning as Bitcoin fell even further from $53,940 to $42,874, causing most altcoins to collapse with it. Many investors were startled, as they were hoping or even expecting the opposite; an upwards rally going into the year end. According to GlobalBlock sales trader Marcus Sotiriou, the reason behind it were the huge drops from crypto ‘whales’ who have been moving Bitcoin from their wallets and depositing it to exchanges at a staggering rate. ‘Whales’ are crypto investors…