Day: January 13, 2022

Bitcoin Mining Firm Luxor Launches ASIC Trading Desk – Mining Bitcoin News

boss

On January 11, 2022, the Washington-based bitcoin mining operation Luxor announced the launch of a new application-specific integrated circuit (ASIC) trading desk. According to the company, Luxor’s new trading desk will give miners and investors access to bitcoin ASIC mining rigs “at a fair market price.” NYDIG-Backed Mining Operation Luxor Reveals ASIC Trading Desk Service The bitcoin mining firm Luxor aims to purchase and sell bitcoin mining machines via the company’s new ASIC trading desk service. The press release published on Luxor’s web portal explains that the company “will purchase…

BBTV launches crypto payment solution for media monetization

boss

Content creators on BroadbandTV Corporation (BBTV) will soon be able to get paid in crypto. BBTV recently announced Pay to Crypto, a payment solution that lets creators get paid in Bitcoin (BTC), Ether (ETH), and USD Stablecoin (USDC).  With the newly-launched solution, creators only need to choose a crypto asset and provide a compatible wallet address, and BBTV will send their earnings directly. For some creators, being paid directly in crypto is a welcome benefit. In the announcement, content creator Joseph Hogue expressed his delight, stating “Being paid directly in cryptocurrency saves…

When Art Meets Automobile

boss

Since their inception, cars have captivated artists. Cars have been featured in studios and galleries worldwide as objects of love, hate, and even as a fetish. And, more often than not, this is because artists are self-proclaimed fans of the art they create. With Web3 being a powerhouse of revolution, art has taken a whole new direction. NFTs are the new canvases auctioned and sold off on digital marketplaces within seconds. Artists genuinely have a new way of expressing themselves, and the sky’s the limit. Traditional artists like Phillipe Pasqua…

Tonga to copy El Salvador’s bill making Bitcoin legal tender, says former MP

boss

Another domino is lined up to fall down the route to Bitcoinization. On Wednesday, a former lawmaker of the Pacific island nation of Tonga shared a play-by-play approach to adopting Bitcoin (BTC) as legal tender.  In a series of tweets, Lord Fusitu’a, a former member of parliament for Tonga, released an ETA for Bitcoin becoming legal tender in Tonga. Copying El Salvador’s playbook, the move could onboard more than 100,000 Tongans onto the Bitcoin network. In his five-point plan, the chairman of the Global Organization of Parliamentarians Against Corruption describes the adoption path:…

Pakistan Plans to Ban Cryptocurrencies as Stance Hardens: Reports

The government of Pakistan and its central bank want to ban the use of cryptocurrencies, local media reported, citing a document submitted to a provincial court. The document was compiled by a committee headed by Sima Kamil, a deputy governor of the State Bank of Pakistan (SBP). Other members included representatives from the Ministry of Finance, the Securities and Exchange Commission of Pakistan (SECP) and the Federal Investigation Agency of Pakistan (FIA). The submission is the first time a clear position has been taken by the central bank, according to…

Report Highlights Tech Firm Ryval’s Avalanche-Powered Litigation Tokenization Concept – Bitcoin News

boss

According to a recent interview, trial lawyer Kyle Roche from the legal firm Roche Freedman LLP has started a tech startup called Ryval that aims to be “the stock market of litigation financing.” The firm plans to launch during the first quarter and allow people to leverage tokens in order to wager on civil lawsuits. Ryval’s Initial Litigation Offering Concept The trial lawyer Kyle Roche was recently interviewed by the Vice author Maxwell Strachan as Roche’s new tech startup Ryval was showcased for its litigation tokenization concept. Ryval co-founder Roche…

Wikipedia Considers To Stop Accepting Crypto Donations Because Of The ESG FUD

boss

Even Wikipedia fell for the environmental FUD surrounding Proof-Of-Work mining. A proposal to “stop accepting cryptocurrency donations” is currently under discussion. It starts with the same very thin arguments that the whole mainstream media irresponsibly uses. However, it gets better and more interesting. In general, it’s amazing to see both sides of the argument unfolding. Even though there might be some information suppression going on. Related Reading | Human Rights Foundation Accepts Fully Open Source Bitcoin Donations Well do our best to summarize the whole thing, but people interested in…

Funds Lost to DeFi Hacks More Than Doubled to $1.3B in 2021: Certik

The amount of money lost in hacks of decentralized financed (DeFi) projects more than doubled to $1.3 billion in 2021, with centralization the most common vulnerability, Certik said in its inaugural “State of DeFi Security” research report. While the value lost climbed 160%, the amount was a smaller proportion of the total than in 2020 due to growth of the DeFi market, the security firm said in the report released on Wednesday. The lost funds represented 17% of the total market cap, according to the report. The total value locked…