Spanish LGBT-related token MariCoin (MCOIN) has responded to the community following skepticism around the project’s concept and goals. Some had even criticized the project for its name, which played on a homophobic slur in Spanish. But according to key people in the project, they have simply misunderstood. MariCoin CEO Francisco Alvarez told Cointelegraph that the project’s name is about “turning an insult into a fortress,” referring to the peculiarities of tackling homophobic language as the very word “gay” is still being used as an insult in some communities. “In Spain,…
Day: January 7, 2022
Crypto Scammers Raked In $14 Billion In 2021
According to blockchain research firm Chainalysis, scam involving crypto reached an all-time high of $14 billion last year, a record that comes as regulators demand for more power over the fast-growing sector. Growing Interest In Crypto Fueled Most Scams Cryptocurrency crime set a new high in 2021, according to a recent analysis, with scammers stealing $14 billion worth of cryptocurrency. According to the “2022 Crypto Crime Report” released by blockchain data firm Chainalysis on Thursday, Jan. 6, that’s nearly double the $7.8 billion stolen by fraudsters in 2020. The findings…
Ether Sees Higher Liquidations Than Bitcoin After Falling Under $3.2K
Ether lost the $3,300 support level in early Asian hours on Friday, plunging to as low as $3,113 before briefly gaining over $90 at the time of writing. Friday’s drop was a continuation of a market-wide decline that started on Wednesday. The U.S. Federal Reserve released the minutes of its December meeting that signaled tightening of financial policies and caused a sell-off in risky assets. Source
Bitcoin-based tracking platform Eggschain partners with Boston IVF
Bitcoin-based genetic data tracking system Eggschain has announced a partnership with the Boston IVF chain of 30 fertility clinics in the United States. The new partnership will use blockchain technology provided by Eggschain to aid in the tracking of cryogenically preserved sperm to be used for in vitro fertilization (IVF) and other fertility and non-fertility treatment, as well as long-term storage of genetic data. A spokesperson for Eggschain said: “Using the blockchain to track biospecimens such as sperm and eggs empowers individuals facing reproductive issues. This pivotal partnership enables greater confidence…
The Novatar Provides Distinct and Rare Virtual and Meta Identity
The Metaverse is a virtual world where people may share their experiences and communicate in real-time in simulated environments. It can potentially change the way people work, shop, communicate, and consume information. As a result, firms are eager to stake up early positions in the sector, and NFTs are a unique and efficient means to do so. Among Adidas’ recent ventures include joint projects with NFT creators Bored Ape Yacht Club and Pixel Vaults Punks Comic – an agreement with cryptocurrency investor Gmoney and the acquisition of digital land in…
Avalanche-Based Wonderland Makes Seed Investment in Betting Dapp
Wonderland, and its creator Daniele Sestagalli, shot to popularity in November 2021 on the back of the successes of both OlympusDAO, an Ethereum-based algorithmic currency protocol that inspired Wonderland, and Abracadabra, an Ethereum-stablecoin lending project built by Sestagalli. Source
Solana network faces degraded performance for the second time this week
The Solana blockchain has faced its second network performance degradation incident this week. According to Solana, this is happening because of a rise in high compute transactions. As a result, the network capacity, which was originally advertised to be 50,000 transactions per second (TPS), was reduced to several thousand TPS. Solana cited this as the reason why users experienced failed transactions and added that its developers are already working to fix the issues. This latest network issue came only a few days after a similar incident on Tuesday, where users experienced…
Bitcoin may pass $30K September lows, trader warns
Bitcoin (BTC) scooped liquidity at new lows on Jan. 7 as 2022 continued to deliver uninspiring price action. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Trader: BTC price should close above $42,400 Data from Cointelegraph Markets Pro and TradingView showed BTC/USD hitting its lowest levels since September overnight, reaching $40,938 on Bitstamp. The pair had initially bounced at $42,000 but then renewed its descent, surpassing the floor seen in December’s liquidation cascade. Among traders, the discussion focused on a similar event occurring, with targets even including a crash below September’s $30,000…
Argo Blockchain Monthly Revenue Drops Even as It Mined More Bitcoins
Argo Blockchain, the sole crypto miner listed on the London Stock Exchange (LSE), said mining revenue fell 5.7% in December as a declining price for bitcoin more than offset an increase in production. The London-based company mined 214 bitcoins last month, taking the total for 2021 to 2,045, according to an announcement Friday. Mining revenue, however, fell to £7.82 million ($10.6 million) even as the number of BTC mined increased from 185 because of sharp dip in bitcoin’s value throughout the month. The number of bitcoin mined by Argo in…
NFT Analytics Platform Cryptoslam Raises $9M From Animoca Brands, Mark Cuban, Sound Ventures – Finance Bitcoin News
On Wednesday, the non-fungible token (NFT) data and analytics platform Cryptoslam raised $9 million in a capital funding round led by Animoca Brands. Cryptoslam detailed that Mark Cuban participated in the financing and Ashton Kutcher’s and Guy Oseary’s Sound Ventures joined in as well. Cryptoslam Reveals $9 Million Capital Raise, Animoca Brands Leads Investment Non-fungible tokens (NFTs) have become a big deal and a billion-dollar industry since the boom started last year. On January 5, 2022, the NFT-centric data and analytics platform Cryptoslam revealed the company raised $9 million from…