Day: March 2, 2022

FTX integrate Bonfida’s flagship service to enable domain withdrawal function

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Bonfida, a multifunctional infrastructure built around Solana blockchain, has announced that their Solana Name Service, or SNS, will be integrated into cryptocurrency exchange FTX in a bid to expand the former’s digital footprint and adoption rate. Alongside the SNS, Bonfida is recognized within the industry for its deployment of the inaugural decentralized exchange, or DEX, on Serum in September 2020 as well as presently serving as an API on-chain data analytics service to the Solana ecosystem in addition to orchestrating governance mechanisms through their native FIDA token, among other functions. The…

Snoop Dogg’s NFT Mixtape Invites Remixes. Does It Authorize Them?

The first new song, “High,” exists as part of a non-fungible token collection called “Dogg on it: Death Row Mixtape Vol. 1” – four distinct audio files, each attached to an image of an NFT from the Bored Ape Yacht Club. The first contains the vocal track for “High,” sans instrumental track, in an edition of 420 tokens; the second is just the instrumental, in an edition of 500; the third is the instrumental and hook without the verses, in an edition of 250; and the fourth, with 500 editions,…

EU is ‘taking measures’ against Russia using crypto to bypass sanctions, say finance ministers

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Economy and finance ministers representing nations in the European Union have said they will address Russia’s potential use of cryptocurrencies to evade sanctions imposed on it following its operations in Ukraine. Speaking to reporters through an interpreter following an informal video conference of EU economy and finance ministers on Wednesday, France’s finance minister, Bruno Le Maire, said lawmakers had already worked to freeze “a significant amount of the assets” in Russia’s central bank as part of its efforts to financially penalize the country over its ongoing efforts in Ukraine. However, he…

A Review of 6 Crypto Tax Software Packages

“We are expensive, but we solve the most difficult problems. If the other software doesn’t work for you, you go to TokenTax”, said McClure. TokenTax have also been active in their collaborations, joining forces with eToro, Binance and Crypto.com. Staying true to his teaching roots McClure said: “[In 2022] we want to expand our wallet integrations, teach people about taxes, and take some of the tax stress off people’s shoulders.” Source

Should I Invest in Crypto? // Buying Bitcoin using Luno

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io This video is about me exploring cryptocurrency through putting some money into #Bitcoin through #Luno It took me awhile to warm up to buying #cryptocurrency due to not understanding how to value it but I do like the idea of blockchain transparency and accessibility and decentralisation of the financial system. I figured the best way is to follow a Portfolio Allocation strategy of allowing a maximum 1-2% of my investments for Bitcoin. Given this it wouldn’t move the needle much in wealth…

Crypto Exchange CEO Rejects Call To Block Russian Users, Says Bitcoin (BTC) Is Embodiment of Human Rights

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While the offensive against Ukraine continues, cryptocurrency exchanges are side-stepping a call to shut down Russian users’ active accounts. Ukrainian Vice Prime Minister and Minister of Digital Transformation Mykhailo Fedorov took to Twitter on Sunday to ask all major crypto exchanges to block the addresses of Russian users in the wake of Russia’s invasion. “It’s crucial to freeze not only the addresses linked to Russian and Belarusian politicians, but also to sabotage ordinary users.” Kraken chief executive Jesse Powell replied on Twitter and said despite his deep respect for the…

Phillips Auction Featuring Basquiat Painting Worth $70M to Accept Bitcoin, Ethereum Payments – Bitcoin News

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On May 18, the auction house Phillips will be hosting an evening sale featuring the work of the American artist Jean-Michel Basquiat. Phillips’ Evening Sale of 20th Century & Contemporary Art will auction Basquiat’s “Untitled, 1982” piece worth an estimated $70 million. According to the announcement, Phillips has revealed the auction will accept ethereum or bitcoin for the artwork. Phillips to Accept Bitcoin and Ethereum for Jean-Michel Basquiat Art Auction The renowned art collector Yusaku Maezawa and the 225-year-old auction house Phillips will be hosting an art auction on May…

BTC, ETH, BNB, XRP, LUNA, SOL, ADA, AVAX, DOT, DOGE

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The speculation regarding the U.S. Federal Reserve’s tightening cycle and recent geopolitical developments may have resulted in panic selling by short-term traders. Analysis from Glassnode suggested that traders who had purchased Bitcoin (BTC) near the November 2021 high liquidated their positions in the past two and half months. This supply was absorbed by high conviction investors, which resulted in a redistribution from weak hands to strong hands. The crypto market, due to its resilience, continues to attract erstwhile naysayers to its fold. The latest popular figure to have a change…

Radio Caca wants to ‘return the Metaverse to people’ by partnering with university students

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Radio Caca (RACA) is a decentralized autonomous organization, or DAO, that has partnered with top global universities to build a metaverse for students to study and play. Its blockchain ecosystem, powered by its native token RACA, consists of the United States of Mars (USM) metaverse, a nonfungible token, or NFT, marketplace and a play-to-earn, or P2E, game called Metamon. Cointelegraph spoke to the RACA team about its plans for user growth within the DeFi, NFT and P2E game spaces. At the time of publication, RACA ranked among the top 20…

Polymer’s $3.6M in Seed Funding Says IBC Is the Future of Crypto

Polymer is still in its early days and does not yet have a token, but development will eventually be governed by PolymerDAO, a decentralized autonomous organization that will allow token-holders to vote on proposals determining the future of the protocol. According to a press release from the company, PolymerDAO will be the first DAO focused on IBC infrastructure. Source