Month: January 2022

Chia Network Launches Native Peer-to-Peer Trading Services for Wallet Holders

Chia Network, the energy-efficient, blockchain and smart transaction platform created by BitTorrent founder Bram Cohen, is launching native, peer-to-peer exchange services for Chia wallet holders, the company said Tuesday. To support the product, called Offers, the company said that it was partnering with Stably to launch USDS on the Chia blockchain. USDS is the first dollar denominated stablecoin on the Chia blockchain. Stably will also make wrapped bitcoin and wrapped ether available on the Chia blockchain. โ€œChia is meeting critical security and compliance needs to make peer-to-peer transactions safer and…

Tiny Bitcoin miner defies massive odds to solve a valid block

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A single Bitcoin miner from the Solo CK mining pool has defied the odds after successfully adding a new block on the Bitcoin blockchain, taking home 6.25 BTC ($266,000) for their efforts. The lucky miner, who may have been mining on just one or two machines, solved a block with their modest hashrate capacity of 126 TH/s. According to a Jan 11 tweet from Solo admin, Dr. Con Kolivas itโ€™s equivalent to about 0.000072% of the total Bitcoin (BTC) network hashrate โ€” which is 175,000,000 TH/s (175 EH/s). Bitcoin mining…

Animal Concerts partners with Koreaโ€™s Klaytn: K-pop in the Metaverse?

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Metaverse concert organizer Animal Concerts has partnered with South Korean unicorn Kakaoโ€™s Klaytn network to increase its exposure to the Korean entertainment industry and facilitate Klaytnโ€™s global expansion plans. The Jan. 10 announcement from Klaytn explains that the partnership between Klaytn and Animal Concerts is expected to help Klaytn increase the number of NFTs that are traded on the platform. Klaytn is one of just three blockchains with native support on OpenSea, the largest NFT marketplace, but has the lowest trading volume. Klaytnโ€™s parent company Kakao is also planning an…

SEC Chair Gensler Discusses How Securities Laws Apply to Crypto Tokens โ€” Won’t Say if Ethereum Is a Security โ€“ Regulation Bitcoin News

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The chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, has explained how securities laws apply to cryptocurrency tokens as he outlined the commissionโ€™s priorities in regulating the crypto space. โ€œOur role at the SEC is to ensure that the public still gets basic protection,โ€ he stressed. SEC Chair Gary Gensler on Cryptocurrency Regulation SEC Chair Gary Gensler discussed cryptocurrency regulation and the agencyโ€™s 2022 regulatory agenda on CNBC Monday. The chairman explained that, in general, โ€œIf you are raising money from the public, and the public is…

Meta poaches staff from Microsoft and Apple for Metaverse plans

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Employees from Microsoft and Apple are jumping ship to join Meta Platforms as the company sets its sights on creating the Metaverse. According to former employees of Microsoft quoted by the Wall Street Journal, around 100 people have ditched the tech giantโ€™s augmented reality team over the past year to join Meta Platforms. They claim that Meta has been particularly focused on snapping up people who have worked on Microsoftโ€™s HoloLens augmented reality (AR) headsets. According to the WSJ, Linkedin profiles show that more than 70 people who were part…

Bitcoin Magazine’s YouTube restored after ban

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Bitcoin Magazineโ€™s YouTube channel was restored around three hours after being shut down, with the publication attributing the short ban to the YouTube algorithm flagging the word โ€œKazakhstan.โ€ In a Jan. 12 Twitter post, Bitcoin Magazine noted that its YouTube account with 56,600 followers was banned in the middle of a livestream with no prior warning from the platform. “Our @YouTube with 60,000 followers just got BANNED mid-livestream with no warning. DELETED. When will the aggression against #Bitcoin content end?” The livestream was focused on topics relating to Elon Musk,…

Billionaire Jeff Gundlach Expects Recession This Year, Advises Against Buying Bitcoin โ€“ Markets and Prices Bitcoin News

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Doubleline Capital CEO Jeffrey Gundlach, also known as the โ€œBond King,โ€ has warned about โ€œa recession in the later part of this year.โ€ He also advised against buying bitcoin at the current level. โ€œMaybe you should buy it at $25,000,โ€ he said. Billionaire โ€˜Bond Kingโ€™ Jeff Gundlach on Recession, Bitcoin, and the Fed Raising Interest Rates Billionaire fund manager Jeff Gundlach warned about a recession happening in the later part of this year in an interview with Yahoo Finance, published Saturday. He also commented on whether investors should buy bitcoin.…

First Mover Asia: Bitcoin, Altcoins Climb Following Fed Reserve Chief's Inflation Reassurances

Good morning. Hereโ€™s whatโ€™s happening: Market moves: Bitcoin led a broad crypto recovery ahead of the U.S. CPI release. Technicianโ€™s take: Buyers started to return to the market, although the upside seemed limited to the $45,000 level. Catch the latest episodes of CoinDesk TV for insightful interviews with crypto industry leaders and analysis. Prices Bitcoin (BTC): $42,806 +2.4% Ether (ETH): $3,240 +5.2% Markets S&P 500: $4,713 +0.9% DJIA: $36,252 +0.5% Nasdaq: $15,153 +1.4% Gold: $1,821 +1.1% Market moves Bitcoin went up as high as $43,106 on Tuesday, leading a broad…

Cardano Foundation Completes Funding To Plant 1 Million Trees

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Last year, the Cardano Foundation announced that it was partnering with Veritree to plant a million trees. This partnership was part of the projectโ€™s commitment towards going carbon green and helping to combat climate change. Over the next few months, the foundation had continued to push this project, raising money in the process for the trees. Now, the foundation is ready to begin planting its million trees as it completes funding for its project. Cardano To Plan 1 Million Trees In Kenya In a recent tweet, Chief Executive Officer of…