Day: February 7, 2022

What Exactly Can You Do With NFTs? How To Buy, Where to Store, and Common Uses

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NFTs have taken the internet by storm over the last 18 months. From something completely unheard of to a market that’s worth over $40 billion, NFTs have had an incredible year. But what exactly are NFTs, and more importantly, what’s the point of them? While some people think that NFTs don’t have any real purpose, many industries are incorporating them in innovative ways. This is especially true within the gaming industry, which has taken to using NFTs as unique skins, methods of improving the diverse styles of play within gameplay,…

Cosmos Records 20% Gain, What’s Behind The Boom In Its Ecosystem

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The Cosmos ecosystem has seen an explosion of interest in the past year. Projects like Terra (LUNA) have increased its numbers of users and will continue to boost its position in the crypto space as its ecosystem keeps expanding. Related Reading | Cosmos (ATOM) Jumps 36% WTD: What’s Driving Its Price Rally? As of press time, Cosmos (ATOM) trades at $32,57 with a 7% profit in the past 24 hours. The cryptocurrency follows the general sentiment in the market, as Bitcoin (BTC), Ethereum (ETH), and other large cryptocurrencies trend to…

XRP gains 30% after Ripple gets permission to explain ‘fair notice defense’ vs. SEC

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XRP price rose by nearly 30% in less than a week amid positive sentiment around the court case, in which the U.S. Securities and Exchange Commission (SEC) claims that Ripple sold XRP as illegal securities. SEC vs. Ripple Judge Analisa Torres has granted Ripple permission to respond to the SEC’s Memorandum of Law in support of Motion to Strike fair notice defense, according to court documents. Additionally, Judge Torres also ordered to unseal three documents concerning the SEC vs. Ripple case, including Ripple’s CEO Brad Garlinghouse’s email thread and deposition notice and…

KPMG in Canada adds BTC and ETH to its treasury

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Big Four auditor KPMG’s Canadian operation has officially added Bitcoin (BTC) and Ether (ETH) to its corporate treasury, joining other major companies in converting a portion of its fiat holdings into digital assets.  The decision to add Bitcoin and Ether to its balance sheet reflects KPMG Canada’s belief that cryptocurrencies are a “maturing asset class,” says Benjie Thomas, a managing partner for the firm. KPMG in Canada is following in the footsteps of hedge funds, family offices and pension funds in gaining exposure to crypto. In addition to its newly acquired…

The Cryptocurrency Market is About to Go Wild! (HUGE BITCOIN AND CHAINLINK NEWS)

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io What’s happening with crypto? Let’s discuss the LATEST news with bitcoin, ethereum, polygon, decentraland, chainlink, lower cap altcoins, & more! SLAP THE LIKE BUTTON! 👋 🔵 Buy Bitcoin/Ethereum on Coinbase and we both receive $10 in Bitcoin! 📈 Why Ethereum is the Greatest Trade in the World (EIP-1559 Analysis) | Raoul Pal Explains 🎸 Gene Simmons REVEALS His 10x Cryptocurrency Portfolio for 2022 (Top 2022 Altcoins) Altcoin Daily, the best cryptocurrency news media online! Is ethereum a good investment 2021? What will…

Monero (XMR) Readies For A Breakout As It Touches Important Milestone

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Privacy coin Monero (XMR) usually spends its time in the shadows, which is exactly the way its community likes it. Till date, it is still impossible to penetrate the privacy that the digital asset offers, making it the go-to choice for investors who are trying to keep their crypto transactions and holdings a secret. Recently though, the cryptocurrency is breaking out onto the radars of more investors as it shatters an important milestone. As more crypto users are discovering their transactions are not as hidden as they might have thought,…

Google Cloud to detect crypto-mining malware on virtual machines

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It’s a shot in the arm for Google Cloud users at risk of cryptocurrency mining attacks. The Security Command Center Team has created a threat detection service to shield “poorly configured” accounts that attackers use to mine cryptocurrency.  In a blog post, Google Cloud announced the Virtual Machine Threat Detection (VMTD) release in its Security Command Center (SCC) area. A means of scanning compute engines in Google Cloud, the VMTD successfully detects threats, including crypto-mining malware used inside virtual machines. Crypto-mining malware attacks, sometimes called “cryptojacking,” are an ongoing nuisance in…

Accounting Standards Are Key to Getting Digital Assets on Corporate Balance Sheets

Through the comment process, FASB received a significant response of 522 comment letters. Of these 522 responses, 445 (85% of the respondents) commented solely and exclusively on accounting standards for digital assets, providing feedback on the pervasive impact of digital assets and the need to prioritize standards setting. More than 50% of the respondents indicated that standard setting for digital assets should be considered as the highest priority for FASB. Source