Day: December 28, 2021

Speed, scaling, regulation to play key role for crypto in 2022: FTX CEO

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FTX founder and CEO Sam Bankman-Fried, also known as “SBF,” rounded off 2021 on an optimistic note. SBF waxed lyrical about the crypto market’s state in 2021 while revealing the roadmap for FTX in 2022 in a Twitter flood. In his view, there are three keystones to industry progress in 2022: regulation, scaling and transaction speeds. He proposes solutions to each puzzle piece, referencing his exchange’s involvement. On regulation, SBF states stablecoins could be better reported and audited. In line with FTX stablecoin policies, he said more transparency would solve…

Crypto Scammer Arrested in Bangkok After Fleeing With 500 Million Baht – Regulation Bitcoin News

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A man allegedly behind a cryptocurrency investment scam has been arrested in Bangkok, Thailand. He lured people into investing in his fraudulent crypto scheme by promising high returns, telling investors they could earn a 400% return by investing in just 200 days. Alleged Crypto Scammer Arrested in Bangkok A 50-year-old man who allegedly scammed Thai and foreign cryptocurrency investors was arrested on Saturday in Bangkok, Thailand. He tried to flee with over 500 million baht ($15 million), the Bangkok Post reported. Major General Montri Thetkhan, commander of the Crime Suppression…

Bitcoin Is Not Serving Well as a Medium of Exchange, Says Economist

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Eswar Prasad, senior professor of international trade policy at Cornell University, recently warned about the risks associated with Bitcoin. According to him, the world’s most valuable digital asset may not last that much longer. In an interview with CNBC’s Squawk Box Europe, the economist said that BTC is not serving well as a medium of exchange. He believes that the recent surge in the adoption of cryptocurrency assets has pushed central banks to launch the digital version of their own currencies. While Prasad showed his concerns regarding BTC, he supported…

Veteran Bitcoin hodlers are still selling record low amounts of BTC despite 70% gains in 2021

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Seasoned Bitcoin (BTC) hodlers have hardly spent any coins despite $69,000 all-time highs this year, data shows. According to the Coin Days Destroyed (CDD) metric from on-chain analytics firm Glassnode, the proportion of coins being spent by old hands remains near record lows. Strong hands knuckle down throughout 2021 In the latest sign of the conviction of those who invest in and hold Bitcoin over multiple years, CDD remains extremely calm. The indicator refers to how long each BTC has been dormant each time it moves. This provides an alternative…

Ethereum Hashrate Taps Record-Setting 1 Petahash as ETH’s Mining Profitability Remains High – Mining Bitcoin News

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20 days ago, Ethereum’s network participants upgraded the protocol and implemented the Arrow Glacier upgrade. The move delayed Ethereum’s “Ice Age” proof-of-stake (PoS) transition for another six months and this week, the network’s hashrate tapped all-time highs. For the first time, statistics within the six-month range indicate Ethereum’s hashrate surpassed 1 petahash per second (PH/s). Ethereum Hashrate Taps 1 Petahash Ethereum (ETH) miners are making profits at the end of the year as a 1.5 gigahash per second (GH/s) ASIC device crafted by Innosilicon makes around $84 per day. On…

SocialGood: Shop Until You Airdrop

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Someone once justified their shopping with this quote – “I am not a shopaholic, I’m helping the economy”. While this may have been a great justification at the time, it was not entirely true, but now it’s possible with the SocialGood (SG), to shop until you drop, while supporting others. In a recent article, it was mentioned how SocialGood (SG) is working along with merchants to implement a “crypto-back” of up to 100% when customers make use of the SocialGood app, by simply shopping at over 1,800 large partner stores…

Ozzy Ozbourne, Black Sabbath Frontman Who Purportedly Bit the Head Off a Bat, Is Betting Fans Will Be Hungry for His New NFTs

The self-monikered Prince of Darkness and reality TV star will launch the “Cryptobatz” NFT collection in January, Rolling Stone reported. Dec 28, 2021 at 6:48 a.m. UTC Updated Dec 28, 2021 at 6:48 a.m. UTC Ozzy Osbourne visits the Tribeca Film Festival 2011 portrait studio on April 25, 2011, in New York City. (Photo by Larry Busacca/Getty Images for Tribeca Film Festival) Source

Move Digital Says, “We’re Here to Stay”

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The metaverse is the next stage in the evolution of the internet and social networks, utilizing real-time 3D technology, which combines the physical and digital realms. It offers a chance for top online entertainment and social media businesses to profit from new revenue streams. It is the next major technology platform, drawing online game producers, social networks, and other tech leaders to participate in what we anticipate to be a nearly $800 billion market. Early adopters and builders are rapidly emerging as leaders in the fast-growing world of virtual reality.…

Nakamoto Games’ Escape is a Mind-Blowing 3D Multiplayer Game

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Nakamoto Games offers a sneak preview of its play-to-earn 3D multiplayer game Escape Play-to-earn gaming platform Nakamoto Games has offered the public a sneak preview of what 2022 will be like. This cutting-edge games producer has given a quick peek at Escape – its upcoming 3D multiplayer strategy game. The preview demonstrates that gamers can get deep into an amazing 3D environment and compete for great play-to-earn benefits by solving puzzles. “The 3D multiplayer game was fully developed in-house by the Nakamoto Games team. The team has been working relentlessly…

Cirus Foundation Launches Web Extension Empowering Users to Earn Crypto from Their Data

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During these unprecedented times, data privacy rights and the monetary value of user data are highlighted in the mainstream popular culture over and over again as data oligopoly giants like Meta (formerly Facebook) race to become the first to provide the world with access to the metaverse. All while using all of the valuable information they have about you as leverage to move you deeper and deeper down their rabbit hole. There is an alternative to that. No longer do Meta, Amazon, Google, and their counterparts have full control over…