Day: January 7, 2022

Rapper Nas to let fans own part of his music through NFTs

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Award-winning rapper Nas will release nonfungible tokens (NFTs) that will let his fans own a stake in two of his songs, Ultra Black and Rare.  Users who buy and hold the NFTs, dubbed limited digital assets (LDAs), will get the specified percentage of streaming royalty ownership depending on the token that they hold.  Ultra Black comes from Nas’ 2021 Grammy award-winning Album King’s Disease, while Rare is from the follow-up 2022 Grammy-nominated album, King’s Disease II. The former song will have a limited supply of 760 tokens, while the latter will have…

Boba Network Introduces ‘Wagmi’ Options for Developers and Builders – Bitcoin News

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Boba Network, an L2 (layer 2) expansion layer for Ethereum, has announced the launch of what it calls “Wagmi” options as a way of incentivizing builders and supporters to be invested in the project. The incentive programs will be distributed amongst different projects on the chain and will be based on various indicators such as active wallets and project-specific total value locked (TVL). Wagmi Options to Serve as Incentives for Building on Boba Boba Network, an optimism-based L2 (layer 2) solution for Ethereum, has announced the launch of…

Bitcoin clings to $42K as key moving average break from July reappears

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Bitcoin (BTC) consolidated above $42,000 prior to Wall Street’s opening bell on Jan. 7 as more similarities to last year’s lows emerged. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView BTC “very closely” mimicking May behavior Data from Cointelegraph Markets Pro and TradingView tracked a nervous Bitcoin market as BTC/USD avoided another retest of $40,000 support. Earlier, after briefly falling below $41,000, analysts had warned that a further capitulation event may occur, this having the potential to bring the pair down to $30,000 or even lower. That figure rings true for market…

Five Best Meme Cryptocurrencies To Keep An Eye On In 2022

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Meme tokens are cryptocurrencies with increased popularity within a short period. The remarkable acceptance of this type of cryptocurrency comes from the activities of retail investors or influencers. As a result, the meme cryptocurrencies have experienced tremendous growth throughout 2021. This explains the new market capitalization of the coins, which is more than 43 billion. The meme cryptocurrencies are gaining more adoption in different sectors, of which Dogecoin and Shiba Inu are the top tokens with astronomical increases. In addition, some companies like AMC Theatres, Guaranty Escrow, EasyDNS, and others…

Solana DeFi Major Serum’s ‘Incentive Ecosystem Foundation’ Is Raising $100M

The team behind one of Solana’s largest projects is midway through a $100 million raise to expand operations. According to a press release provided to CoinDesk, the Incentive Ecosystem Foundation, the legal entity staffing the team behind the orderbook-based decentralized exchange, is raising the funds to hire and move into new product verticals, including “NFTs, gaming, metaverse and DAO tooling.” Source

UK air traffic tech firm uses Hedera Hashgraph to track drones

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Hedera’s public ledger consensus service was recently used to “gather, store, and order” millions of data points in a drone data trial sponsored by the United Kingdom government. As per an announcement, Hedera worked with Neuron Innovations, a London-based aviation technology company, to trial safe sharing of long-distance airspace by commercial, military, and government drones. Neuron has implemented an “aviation surveillance as a service” system to allow drones to seamlessly join existing air traffic. The aviation tech firm then utilized Hedera Network’s Hedera Consensus Service to “gather, store, and order”…

Chinese crypto miner BIT Mining ‘unlikely’ to flee Kazakhstan: Report

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Despite major internet blackouts amid anti-government protests in Kazakhstan, some Bitcoin (BTC) miners operating in the country are not planning to leave the country just yet. BIT Mining, one of the largest BTC mining companies that relocated operations from China to Kazakhstan last year, is still evaluating the impact of political unrest in Kazakhstan, Chinese industry news agency 8BTCnews reported Friday. “It is unlikely that our mining machines will be evacuated to North America,” a spokesperson for BIT Mining reportedly said, adding that the firm will be closely monitoring the situation. The…

Turkish Lira Is Now More Volatile Than Bitcoin

Rising historical volatility implies prices have been moving more than usual. Assets with high volatility readings are considered risky investments, which means the lira, a sovereign currency, is now riskier than bitcoin, a cryptocurrency created and distributed on a peer-to-peer basis and often criticized for being unreliable as a medium of exchange and store of value due to its high price turbulence. Source

Crypto Investors in Thailand to Pay 15% Capital Gains Tax, Report Unveils – Taxes Bitcoin News

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Crypto-related profits, such as those resulting from the trading of digital currencies, will be taxed at a rate of 15%, a finance ministry official has revealed to the local press in Thailand. After last year’s significant market growth, the department intends to improve surveillance of crypto trade in 2022. Thailand Urges Crypto Traders to Report Profits on Tax Returns The Ministry of Finance in Thailand advises investors to indicate their income from crypto holdings when they file their tax declarations this year, the Bangkok Post reported on Thursday. Capital gains…