Day: January 1, 2022

2 Mirrored, Copycat Bored Ape NFT Projects Cause Copyright Infringement Controversy – Bitcoin News

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In the midst of the hype surrounding the Bored Ape Yacht Club (BAYC) non-fungible token (NFT) collectibles, two NFT projects have appeared offering near-identical or mirrored versions of the original BAYC NFTs. The NFT marketplace Opensea has removed the NFT projects from the market for breaking the rules against copyright infringement. 2 Copycat Bored Ape Yacht Club Projects Cause a Stir NFT fans have been discussing two controversial copycat NFT projects called PHAYC and PAYC (Phunky Ape Yacht Club) in recent times. The two projects introduced the copycat versions of…

Touchdown! Goal! Knockout! Crypto and sports collide in 2021

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Cryptocurrencies and sport have continued to collide in 2021 with synergies between the two proving to be fruitful on a number of fronts. The relationship between the sports world and the various applications of cryptocurrencies and blockchain technology has slowly been expanding over the past few years. Humble beginnings of simple sponsorships building early brand awareness for exchanges and payment platforms have snowballed into worldwide recognition and collaboration between the sectors, with 2021 seeing a variety of different use cases come to the fore. From the basketball courts of the…

Shiba Inu Project Reveals ‘Doggy DAO,’ Devs Say Phase 1 to Provide ‘Immediate Power to the SHIB Army’ – Altcoins Bitcoin News

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During the last half of 2021, decentralized autonomous organizations (DAO) have been popping out of the woodwork in mass numbers, airdropping tokens and creating governance systems for specific projects. Just before the end of the year on December 31, the developers behind the Shiba Inu crypto protocol have announced the launch of a “Doggy DAO” in order to give more power to shiba inu users. Shiba Inu Project Announces Doggy DAO The second-largest crypto meme token in terms of market capitalization, shiba inu (SHIB), has announced the launch of a…

Despite Negative Mining Malware Press, Privacy-Focused Crypto Monero Jumps 36% in 2 Weeks – Markets and Prices Bitcoin News

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The privacy-centric crypto asset monero has seen significant gains during the last two weeks, jumping 36% in value against the U.S. dollar. Despite the negative press from the “Spider-Man: No Way Home” torrents with monero mining malware, seven-day statistics indicate the crypto asset has gained more than 21%. Monero Sees Double-Digit Gains Amid Mining Malware Headlines The privacy-focused digital currency monero (XMR) has seen double-digit gains this week, while most of the crypto economy has suffered losses and seen a period of consolidation. Just recently, XMR made headlines after a…

The year for Bitcoin — A 2021 roundup of the flagship crypto

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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…

Indian Authorities Raid Cryptocurrency Exchanges for Tax Evasion – Taxes Bitcoin News

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India’s Directorate General of GST Intelligence (DGGI) reportedly raided major cryptocurrency exchanges Saturday. Their offices were searched and “massive goods and services tax (GST) evasion has been detected by DGGI.” Tax Authorities Say Cryptocurrency Exchanges Have Been Evading GST Tax India’s Directorate General of GST Intelligence (DGGI) reportedly raided major cryptocurrency exchanges across the country Saturday. Citing official sources, ANI news agency detailed: Around half dozen offices of cryptocurrency service providers have been searched and massive goods and services tax (GST) evasion has been detected by DGGI. According to the…

What’s ahead for crypto and blockchain in 2022? Experts answer, Part 1

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Sandra is CEO of the Global Blockchain Business Council, an industry association for the blockchain technology ecosystem. “​​In 2022, it will be ‘corporate career risk’ to not have a baseline understanding of cryptocurrencies and blockchain technology. From bankers to corporate executives to politicians, it is imperative that they get on board and seriously consider the implications of blockchain. Further, 2022 winners will ‘expect the unexpected,’ and adapt to investing, servicing clients and participating in new trends. In 2021, few expected NFTs to become the killer app, driving mainstream interest and…

DAOs are the foundation of Web3, the creator economy and the future of work

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Decentralized autonomous organizations (DAOs) started out as a simple concept envisioned as organizations, created by an idea and fueled by developers, that automate business functions and processes by leveraging smart contracts and all the fundamental tenets of blockchain. The core idea was to flatten the complex business process that various organizations are mired in and facilitate movement of assets to a very future-oriented digital interaction that needed no intermediaries — promising faster, cheaper and more transparent transaction processing.  By replacing many intermediaries, the DAOs themselves acted as digital intermediaries that…

How the Democratic Party didn’t stop worrying and fearing crypto in 2021

As 2022 is kicking off, America nears the first anniversary of Joe Biden’s presidency. Following the tenure’s ambitious start, the last few months witnessed some serious tumult around the overall health of the United States economy, the administration’s handling of the COVID-19 pandemic, and the tense debate around Biden’s opus magnum — the $1.7 trillion Build Back Better infrastructure legislation plan. But even as the Democrats’ ability to maintain undivided power after the 2022 midterm elections can raise doubts, the party’s prevailing view of crypto has become more consolidated than…