Day: March 14, 2022

‘Ecstasy Kingpin’ From Brockton Forfeits $2.3M in Bitcoin to Massachusetts Law Enforcement – Bitcoin News

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A man from Brockton, Massachusetts was sentenced to eight years in prison and forced to forfeit 59 bitcoin worth $2.3 million, after he was caught selling Xanax, ecstasy, and ketamine on the deep web. Massachusetts U.S. Attorney Rachael Rollins stressed during the announcement that the government has entered the cyber world, and she insists they will “find you and you will be held accountable.” Brockton Man Forfeits 59 Bitcoin After a Sting Operation in Norwood A report stemming from the Boston Herald explains that Massachusetts law enforcement has dealt with…

Bitcoin’s got 3 strikes, but investors remain calm despite price drop

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After Bitcoin (BTC) faced its third consecutive rejection, investors became more confident in adding altcoin positions. For the leading cryptocurrency, the path to $50,000 appears more challenging than previously expected. According to Euronews Next, on March 14, the European Union rejected a proposed rule that could have banned the energy-intensive proof-of-work (PoW) mining algorithm used by Bitcoin and other cryptocurrencies. Several EU parliamentarians have been pushing to ban PoW mining over energy concerns. BTC/USD price at FTX. Source: TradingView In terms of performance, the aggregate market capitalization of all cryptos…

Blockchain play-and-earn games focus on building even as NFT prices fall

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Nonfungible tokens (NFTs) were in a strong bull run from Jan. 1 to mid-February. During this time, OpenSea volumes topped $5 billion and then fell to $3.6 billion toward the end of February. This could have been a sign that the overall sentiment of the crypto and NFT market was correcting.  As Q2 approaches, the total volumes and sales for NFTs have been in decline, leading new entrants and investors to wonder whether the sector is dying. According to data from DappRadar, OpenSea trading volumes have dropped nearly 11% in the…

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Wasabi Wallet’s CoinJoin Coordinator to Blacklist Certain Bitcoin Transactions

It is important to note that CoinJoining is not unique to Wasabi. It is a type of send transaction that is used by the Bitcoin protocol itself. CoinJoins are, by nature, decentralized and peer-to-peer. But it can be tricky to use ConJoin and even harder to find pools of other people who are willing to participate. The coordinator service that operates Wasabi Wallet, called zkSNACKS, provides an easy way for Bitcoin CoinJoin users to find each other and “coordinate” their transactions. Source

Gensokishi Online Hosts Campaign to Win in-Game Token ROND Whitelist for a Total of $10,000 – Press release Bitcoin News

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press release PRESS RELEASE. GensoKishi Online Metaworld is a GameFi and metaverse incarnation of the award winning Nintendo Switch/PS4 game “Elemental Knights”. Genoskishi Online has set numerous records since releasing its website and various social networking sites on December 2, 2021. The community has grown to over 230k members since its release. The launch on Trsutpad sold out in 20 seconds, the fastest ever on Trsutpad, and the launch pool on Bybit, one of the world’s largest cryptocurrency exchanges, had a record 65,000 participants and over $220 million in total…

BTC price struggles below $39K ahead of expected interest rate hike by the Fed

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The blockchain community got a bit of good news on March 14 after regulators in the European Parliament’s Committee on Economic and Monetary Affairs rejected a ban on proof-of-work (PoW) based cryptocurrencies like Bitcoin (BTC) that would have had significant ramifications for the crypto industry.  Data from Cointelegraph Markets Pro and TradingView shows that despite the positive development, Bitcoin continues to trade sideways near the $39,000 level amid geopolitical uncertainty and the possibility of a Federal Reserve interest rate hike later this week. CME Fed Fund futures prices suggest that traders…

Cryptos Decline After Rejection of EU Bitcoin Proposal

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Geopolitical uncertainty also contributed to the recent slowdown in trading activity, which is reflected in blockchain data. So far this year demand among bitcoin holders has flattened, reflecting the “impact of global macro uncertainty on investor sentiment, with weaker BTC accumulation taking place as a result,” Glassnode, a crypto data firm, wrote in a blog post. Original

Ukrainian government launches crypto donation website with FTX, Kuna and Everstake

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Crypto exchanges FTX and Kuna and staking platform Everstake have partnered with Ukrainian government officials to launch a donation website for users wishing to send crypto to help the country and its people. In a Monday announcement, Ukraine’s Ministry of Digital Transformation said the government had launched Aid for Ukraine, a platform that accepts donations in Bitcoin (BTC), Ether (ETH), Tether (USDT), Polkadot (DOT), Solana (SOL), Dogecoin (DOGE), Monero (XMR), Icon (ICX), and Neo (NEO) “to support people in their fight for freedom.” Many parts of the country have been…

Jack Dorsey, Block and the Perils of Making Crypto User-Friendly

The logic also, however, aligns with many calls within the crypto industry to prioritize making user experience better and more intuitive, not just for wallets but also for decentralized exchanges (DEXs) and everything else. The problem, as crypto and security experts including MetaMask’s Taylor Monahan have pointed out, is that a smooth user experience is almost inextricable from security risks. In fact, she specifically cites another “ease-of-use” feature that led people to not save their private keys properly. It’s about a feature of an early version of MyCrypto/MEW, the wallet…