Day: February 10, 2022

Algorand Foundation Names Ex JP Morgan as CEO, ALGO Soars 10%

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Today, the Algorand Foundation announced the appointment of Staci Warden as their CEO. On the board of the foundation since September 2021, according to a press release, Warden will take on the responsibilities as its leader. Related Reading | Bitcoin Steadies Above $45k, US Inflation Comes In At 7.5% Year Over Year The Algorand Foundation will nurture from Warden vast experience. Before joining the organization, she ran the Global Market Development practice at the Milken Institute, a nonprofit think tank created with the objective of aiding people at โ€œbuilding meaningful…

OnlyFans offers NFT profile picture feature

Amrapali โ€œAmiโ€ Gan, OnlyFansโ€™ CEO, commentedย in a statement to Reuters that the online subscription platform known for adult content will enable creators to make nonfungible token, or NFT, profile pictures. โ€œOur mission is to empower creators to own their full potential. This feature is the first step in exploring the role that NFTs can play on our platform.โ€ OnlyFans will only support NFTs minted on the Ethereum (ETH) blockchain and that an Ethereum icon next to the NFT profile picture would signal authenticity, as claimed by Reuters. According to the…

Bipartisan Bill Would Allow Tennessee to Invest in Crypto and NFTs

โ€œItโ€™s an issue that a lot of people – a lot of my colleagues – donโ€™t understand,” Powell said about crypto in general. “But at the end of the day, itโ€™s a conversation Iโ€™m going to continue. Hopefully we can get it passed, but if not, weโ€™ll continue the conversation and continue to push legislation to promote blockchain technology in the state of Tennessee.โ€ Source

Analysts say Bitcoinโ€™s range-bound trading at a key support level reflects a trend reversal

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Bitcoin (BTC) and cryptocurrency holders are enjoying the fruits of their labor on Feb. 10 after Bitcoin price rallied shortly after the U.S. Bureau of Labor Statistics showed a blistering 7.5% Consumer Price Index (CPI) print. This shows that inflation continues to worsen as fiat currencies bleed out their purchasing power.ย  Data from Cointelegraph Markets Pro and TradingView shows that after trading below $44,000 during the early hours on Thursday, the price of Bitcoin spiked to an intraday high at $45,850 following the release of the CPI data and most…

FlamingoDAOโ€™s NFT Portfolio Is Now Worth $1B

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase…

How HashEx is developing new auditing methods to outsmart hackers, as told by founder Dmitry Mishunin

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As the cryptocurrency market has grown, so too have the number of bad actors looking to exploit vulnerable decentralized finance, or DeFi, protocols, and projects for their own gain. Earlier this month, the Ethereum-Solana Wormhole token bridge suffered the biggest hack of 2022, with $321 million lost due to a signature verification vulnerability. Such exploits have become increasingly sophisticated over the years. But blockchain security firms like HashEx are keeping up the pace just as hackers upgrade their tactics. During the past few years, HashEx has audited more than 700…

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Bitcoin Whales Exploited January Weakness As Ethereumโ€™s Large Investors Took Profit: Crypto Exchange Kraken

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Crypto exchange Kraken says crypto whales took diverging paths regarding their holdings of Bitcoin (BTC) and Ethereum (ETH) during the month of January. In a new report, Kraken first defines whale wallets as holding more than 1,000 BTC or 10,000 ETH, then dives into the data to reveal that while the number of Bitcoin whales fell, those who held also added more to their bags. โ€œWhile the number of BTC whales trended lower in January 2022, the amount of BTC held by whale addresses rose from 7.916M to 8.013M by…