Month: January 2022

Financial Market Committee Chair Aksakov Joins Calls for Identification of Russian Crypto Owners – Regulation Bitcoin News

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Anatoly Aksakov, head of the Financial Market Committee at the Russian parliament, has reiterated a warning for cryptocurrency investors and insisted that Russians owning coins should declare their digital assets. The parliamentarian also urged for the comprehensive regulation of crypto mining and taxation. Aksakov Warns Russian Crypto Investors They Can Lose Everything Russians have put 5 trillion rubles (around $67 billion) into crypto and some of them may lose everything as cryptocurrencies are not backed by anything, Anatoly Aksakov, a deputy with a key role in the regulation of Russia’s…

Invictus NFT Lab Blazes Trail for a New Fine Art Paradigm – Sponsored Bitcoin News

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sponsored In our view, blockchain technology and non-fungible tokens (NFTs) present a perfect tool to revolutionize the traditional Fine Art industry, to the benefit of both artists and collectors. With this in mind, the Invictus NFT Lab’s inaugural Out of Africa collection aims to blaze the trail by facilitating, via the Ethereum blockchain, the sale of a professionally-curated collection of 118 unique physical artworks from Southern Africa’s top artistic talent. Throughout history, major socioeconomic change has largely only taken place as new generations displace older generations that are more set…

Bitcoin mining becomes more sustainable: Mining Council’s Q4 survey

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The percentage of the global Bitcoin mining industry running on renewable power increased by 1% to 58.5% in the fourth quarter of 2021 according to new data. The Bitcoin Mining Council (BMC) announced the findings of its fourth quarter survey on Jan. 18. The survey focused on three metrics: sustainable power mix, technological efficiency and electricity consumption. Q4 #Bitcoin Mining Council Survey Confirms Improvements in Sustainable Power Mix and Technological Efficiency. Estimated sustainable energy mix was 58.5%. Join us at 5pm ET today for a full briefing.https://t.co/t1gTZV9GtT — Michael Saylor⚡️…

Strike wallet is 5th most popular finance app in Argentina, but where’s the BTC?

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Strike’s digital wallet has become the fifth most popular finance app in Argentina within a week of its launch. The firm, led by hoodie-wearing CEO Jack Mallers, rolled out its crypto payment services for the Argentinian market on Jan 12. Strike is famed for enabling Bitcoin (BTC) payments via the Lightning network, particularly in El Salvador. However, according to local media and user reports, the firm’s app in Argentina reportedly currently only supports the use of Tether’s stable coin USDT for transfers via Lightning. Users are able to purchase Bitcoin…

The Future of Sports Fandoms with NFTs

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As the NFT craze continues to sweep across the industries of the world, it’s clear that the technology is moving away from the fringe “tech enthusiast” space and into the limelight. At this point, it is safe to assume that everyone has heard of cryptocurrencies such as Bitcoin and Ethereum, but crypto alone is far from the only game in town. NFTs (non-fungible tokens) are quickly surpassing cryptocurrencies in popularity as they gain mainstream attention for their use in sports, gaming, contemporary art, and even real estate. Currently, the NFT…

USDC flips Tether on the Ethereum network

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Circle’s USD Coin (USDC) has reached a major milestone by surpassing Tether (USDT) in total supply on the Ethereum network. USDC’s current supply on Ethereum as of writing is 40.06 billion tokens, just ahead of USDT’s supply of 39.82 billion. Tether has been the most popular stablecoin since at least 2016, after originally sharing the market with BitUSD and NuBits (USNBT) stablecoins when it launched in late 2014. At that time, USDT ran on Omni. As the latter two fell into obscurity due to losing their dollar peg and shedding…

Auditing Firms Claim Crypto.com Lost $15 Million in Incident as Users Report Suspicious Activity – Bitcoin News

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Crypto.com, a leading cryptocurrency exchange, experienced an incident on January 17 when some of its users reported strange activity in their accounts. The exchange acknowledged the event, and conducted an investigation immediately after, declaring that all funds were safe. However, reports from security and blockchain auditing firms Certik and Peckshield indicate that some funds were removed from exchange wallets. Crypto.com Suspends Withdrawals After Suspicious Activity Reported Crypto.com, a cryptocurrency exchange, suspended normal withdrawal operations after customers reported having experienced suspicious activity regarding their accounts. In its first statements,…

Why Hubble Protocol Is The Hottest IDO On The Market This January

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Decentralized finance (DeFi) on Solana has been growing at a massive rate. One project to look out for, Hubble Protocol, will be making a huge addition to the DeFi offerings on Solana when it launches a stablecoin borrowing platform (being called “the MakerDAO of Solana”) on Mainnet Beta this January 28th, 2022. Before the launch of Hubble’s stablecoin, USDH, the protocol will hold three separate HBB token launches on three different launchpads: SolRazr (link), Solanium (link), and DAO Maker (link). There are a ton of reasons why Hubble’s IDO will…

Fintech startup Milo is offering 30-year ‘crypto-mortgages’

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Miami-based fintech startup Milo is introducing what it claims is the world’s first “crypto mortgage.” The digital bank will allow crypto investors to leverage their digital assets to purchase real estate in the U.S. At the moment, only customers wanting to use Bitcoin (BTC) as collateral qualify for Milo’s 30-year mortgage loan. Both American and International customers will be able to use the service to purchase real estate in the U.S. Milo’s website states: “Instead of selling your crypto for a down payment to qualify for a mortgage, a crypto…

Heavyweight champ to take 50% of his UFC 270 purse in Bitcoin

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UFC heavyweight title holder Francis Ngannou has announced he will take half of his UFC 270 prize purse in Bitcoin (BTC) via Cash App. The French-Cameroonian MMA fighter will take on the undefeated Ciryl Gane on Jan. 23 and is set to earn a guaranteed $750,000. In a tweet published on Jan. 18, Ngannou noted that: “After doing a lot of research on Bitcoin, I really believe it is the future of money, man. Bitcoin is valuable, secure, and no one can mess with it.” The event will take place…