Month: January 2022

El Salvador’s Bitcoin wallet onboards 4M users with Netki partnership

boss

El Salvador, the first country to make Bitcoin (BTC) a legal tender has onboarded 4 million users for its government-backed BTC wallet Chivo in partnership with digital identity provider Netki, according to an announcement. Netki has announced that Chivo wallet onboarded over 4 million new users in 45 days using the company’s flagship KYC/AML product, OnboardID. The platform also claimed that it had facilitated the compliant onboarding of 70% of the country’s previously unbanked population.  El Salvador passed the Bitcoin bill in June last year and officially made Bitcoin a…

Crypto News Roundup for Jan. 18, 2022

This episode is sponsored by Kava. Today’s Stories: Morgan Stanley Says Crypto Markets Are Weakening as Central Banks Look to Tighten Binance Destroys 1.6M BNB Tokens in First-Ever Auto Burn Bitcoin May Soon Wake From Slumber, Derivatives Data Indicate Bond Yields Hit Two-Year High as Stock Futures Fall – WSJ US Treasuries sell off as traders look ahead to rate rises | Financial Times Featured Story: Is a DAO + LLC Still a DAO? This episode was edited & produced by Adrian Blust. Source

What’s an Airdrop and Why Crypto Airdrops Are Issued

CryptoX – Cryptocurrency Analysis and News Portal As a crypto airdrop is primarily designed for promotional and marketing efforts, it can be tricky to ensure you are eligible for future events. Every airdrop has individual requirements to assess eligibility, although most of them are easy to find. An airdrop involving a blockchain snapshot is often communicated after the fact, making qualification difficult. However, there are other options to explore: Source The post What’s an Airdrop and Why Crypto Airdrops Are Issued appeared first on CryptoX. CryptoX Portal

What’s an Airdrop and Why Crypto Airdrops Are Issued

As a crypto airdrop is primarily designed for promotional and marketing efforts, it can be tricky to ensure you are eligible for future events. Every airdrop has individual requirements to assess eligibility, although most of them are easy to find. An airdrop involving a blockchain snapshot is often communicated after the fact, making qualification difficult. However, there are other options to explore: Source

How Bitcoin Mixers Work and Why People Use Bitcoin Mixers

boss

Privacy advocates maintain that methods like privacy coins are a powerful way to prevent the government from snooping on your financial transactions, asserting they are not just for criminals. To obscure the flow of funds, Monero uses one-time use “stealth” addresses and mixes genuine transaction signatures with decoys. While one of the first major dark web marketplaces, the Silk Road, had a bitcoin tumbler baked into its infrastructure, former darknet market White House Market, known for its security, only accepted Monero. Original

Curtis Sword Becomes the First Blockchain-Based Large-Scale 3D ARPG – Press release Bitcoin News

boss

press release PRESS RELEASE. Curtis Sword, a 3D NFT ARPG mobile game on the blockchain, is excited to announce that it has fully launched on both Android and iOS. The project is the first GameFi-built game designed by the original “The Rise of Dragon” mobile game team. The game is the first large-scale 3D ARPG on the blockchain. Players can now explore fun blockchain games, interactive social networks, and a wide range of products and services with complete autonomy. Curtis Sword also offers union members a brand new opportunity to…

Brazilian Asset Manager Hashdex to Launch DeFi ETF Including UNI, AAVE and COMP

This article is adapted from CoinDesk Brasil, a brand-new partnership between CoinDesk and InfoMoney, one of Brazil’s leading financial news publications. Follow CoinDesk Brasil on Twitter. Brazil-based asset manager Hashdex will launch an exchange-traded fund (ETF) following 12 DeFi tokens. The product will be listed on the Brazilian stock exchange B3 as of February, the company said, adding that reserve orders to purchase shares will be available beginning Tuesday. Developed in partnership with global crypto index provider CF Benchmarks, DEFI11 will mirror the CF DeFi Modified Composite Index, an index…

Bitcoin miners’ resilience to geopolitics — A healthy sign for the network

boss

Considering that Bitcoin (BTC) is a blockchain network that uses a proof-of-work (PoW) consensus mechanism, miners are a highly significant part of the market dynamics of the network and the community itself. On Jan. 5, it was revealed that Kazakhstan shut down its internet services due to unprecedented political unrest sparked by rising fuel prices in the country. The protests in Kazakhstan began on Jan. 2 in the town of Zhanaozen to fight against the government doubling the price of liquefied petroleum gas (LPG), which is widely used as car…

Solana-Based DeFi Project Hubble Protocol Raises $10M

Decentralized finance (DeFi) project Hubble Protocol has raised $10 million in funding ahead of its mainnet launch later this month. Hubble will use the capital to expand its team and DeFi project offerings. Investors in the funding round included Three Arrows, DeFiance Capital, Delphi Digital, Digital Currency Group (the parent company of CoinDesk), Crypto.com Capital, ParaFi, Jump Capital, Decentral Park Capital, CMS, Spartan, DeFi Alliance and Mechanism Capital. “We are thrilled to back the Hubble team as they build core DeFi primitives for the Solana ecosystem, from a decentralized stablecoin…

Solana-based DeFi protocol Hubble raises $10M, prepares for mainnet launch

boss

The Solana (SOL) network is ready to see the mainnet launch for another decentralized finance (DeFi) protocol, aimed at Web3 development and backed by bigshots from the crypto industry. Hubble Protocol, a project aiming to develop a censorship-resistant crypto-backed stablecoin among other DeFi services, has raised $10 million from Three Arrows / DeFiance Capital, Delphi Digital, Digital Currency Group (DCG), Crypto.com Capital, ParaFi, Jump Capital, Decentral Park Capital, CMS, Spartan, DeFi Alliance and Mechanism Capital. Hubble plans to expand its team and DeFi products with fresh funds, starting with its…