Tranchess, an asset tracking DeFi protocol that prioritizes risk-managed solutions, announced that it has launched a BNB fund as a BSC validator, pivoting the protocol away from purely generating revenue from token emission (the creation and sale of new tokens). Source
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…
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…
Bitcoin (BTC) touched $44,000 a second time on Jan. 12 amid increasing divergence of opinion about whether the price bottom is “in.” BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Data from Cryptox Markets Pro and TradingView showed the $44,000 mark acting as local resistance Thursday, following forecasts that $46,000 could soon return. Bitcoin stayed broadly higher overnight following the previous day’s United States inflation data, but for some, now was not the time to become overly confident. “BTC starting to feel a little toppy (local), although asks are diffused through some…
Bitcoin (BTC) touched $44,000 a second time on Jan. 12 amid increasing divergence of opinion about whether the price bottom is “in.” BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Data from Cointelegraph Markets Pro and TradingView showed the $44,000 mark acting as local resistance Thursday, following forecasts that $46,000 could soon return. Bitcoin stayed broadly higher overnight following the previous day’s U.S. inflation data, but for some, now was not the time to become overly confident. “BTC starting to feel a little toppy (local), although asks are diffused through some key…
The State Bank of Pakistan (SBP) is reportedly seeking to ban all cryptocurrency transactions in Pakistan. Pakistan’s Sindh High Court reportedly held a hearing related to the legal status of cryptocurrencies in the country, in which several Pakistani authorities, including the SBP, submitted a document to the court, arguing that cryptocurrencies like Bitcoin (BTC) are illegal and cannot be used for trade. According to local news channel Samaa TV, the document cited at least 11 countries, including China and Saudi Arabia, that have opted to ban cryptocurrencies. The Pakistani central bank reportedly urged the…
The testing, which took place over three days at the start of December 2021, proved that issuing a wholesale CBDC on a DLT platform operated and owned by a private-sector company (Swiss stock exchange owner SIX, in this case) was both operationally possible and feasible under Swiss law, according to a press release. Source
Monetizing your internet connection According to OpenVault’s broadband study from 2021, the average US household uses approximately 435GB of data per month. However, many internet service providers (ISPs) offer 1TB+ monthly data allowances or unlimited data plans. Many internet users waste hundreds of millions of gigabytes worth of unused bandwidth every month. Now there is an innovative technology called PKT, which enables internet-connected customers to earn passive income from a home or office internet connection worldwide. PKT is not a company and has no investors or CEO. It is a…
China is planning to draw a clear line between cryptocurrencies and nonfungible tokens (NFTs), pretty much the same way it did with its digital currency efforts, before the crypto crackdown in the country harms the local NFT industry. The Blockchain-based Service Network (BSN), a government-backed blockchain project in China, is working on infrastructure that would support businesses and individuals to build platforms and apps to manage NFTs, the South China Morning Post reported. Officially called the BSN-Distributed Digital Certificate (BSN-DDC), the project aims to support the deployment of non-crypto NFTs…
Franklin Noll, an academic and monetary historian, has asserted that crypto can be both a security and a currency. Pointing to the history of U.S. money, Noll argues that being both a currency and a security is, in fact, not contradictory. The ‘Infamous’ Continental Dollar Coins Franklin Noll, a U.S.-based monetary historian, has asserted that the history of the U.S. dollar over the years shows that being a currency and a security is not contradictory and that crypto can be both. The assertions by Noll, the president of Noll Historical…