Day: March 17, 2022

Bored Ape NFT holders to receive ApeCoin: ‘The Dogecoin of NFTs’

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Owners of Bored Ape Yacht Club (BAYC) NFTs — including celeb holders like Eminem, Steph Curry, Jimmy Fallon and Mark Cuban — are set to receive a brand new token called ApeCoin (APE) as yet another incentive for being part of the exclusive digital asset club.  The developer of the new token is the ApeCoin DAO and is notably separate from Yuga Labs. Introducing ApeCoin ($APE), a token for culture, gaming, and commerce used to empower a decentralized community building at the forefront of web3. — ApeCoin (@apecoin) March 16,…

Elliptic Identifies ‘Several Hundred Thousand Crypto Addresses’ Tied to Russia-Based Sanctioned Actors – Bitcoin News

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As the Russia-Ukraine conflict continues, blockchain surveillance companies have discussed and implemented ways to combat sanctioned countries from using digital assets. Last week, Chainalysis revealed screening tools for crypto firms that aim to comply with international sanctions. On Monday, the CEO of Elliptic published a blog post describing the company’s work to combat sanction evasion. Elliptic CEO Speaks on the Company’s ‘Work to Combat Sanction Evasions in Crypto’ This week, Simone Maini, the chief executive officer of the blockchain surveillance firm Elliptic, published a blog post concerning how the company…

Bank of Canada collaborating with MIT on CBDC research

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The Bank of Canada has partnered with the Massachusetts Institute of Technology (MIT) to work on a 12 month research project focused on the design of a Central Bank Digital Currency. According to a March 16 announcement, the bank will work alongside the MIT Media Labs’ Digital Currency Initiative (DCI) team to examine how “advanced technologies could affect the potential design of a CBDC.” The Bank of Canada stated that the project is part of a broader development agenda on digital currencies, fintech and how CBDCs could work in a…

How Penguin Karts Will Drive The Blockchain Gaming Scene Forward – Sponsored Bitcoin News

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sponsored A lot has happened since the idea of Penguin Karts was first conceived. Who would have thought that a nostalgic memory would spawn the development of a blockchain project, let alone one that has been gaining steam like this. Today, we wanted to highlight what we believe makes Penguin Karts special and (if you’ll excuse the pun) how it really drives forward the blockchain gaming scene. The Game For those who don’t know, Penguin Karts is an immersive 3D battle-racing game built on the blockchain. Essentially, it takes the…

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Democrat division over crypto isn’t all bad news for regulation

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The Biden Administration has just passed an executive order furthering research into crypto assets in view of regulating them, but politicians within the ruling Democrat party remain deeply divided on digital currency. The lack of consensus among Democrats could mean that a progressive regulatory framework for cryptocurrencies could still be a long way off —but also makes it more likely the eventual regulations won’t be too harsh thanks to the work of crypto-friendly representatives. The crypto community is familiar with the names cropping up time and time again in the…

Terra founder plans to obtain $10B BTC for reserves

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The founder of Terraform Labs (TFL) and Ethereum competitor Terra (LUNA) Do Kwon has outlined plans to accumulate a whopping $10 billion worth of Bitcoin (BTC) to add to the project’s stablecoin reserves. Terra is a decentralized blockchain platform that specializes in stablecoin minting. Its Terra USD (UST) is an algorithmic stablecoin pegged to the value of the U.S. dollar, with the USD value partly maintained via an equivalent amount of its native token LUNA. Specific details are sparse at this stage, however Kwon noted via Twitter on March 14…

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Yuga Labs buys CryptoPunks, 1inch Wallet supports NFTs and more

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This week’s Nifty News round up follows a weekend full of Yuga Labs announcements, the start of Austin’s SXSW conference and added NFT support for 1inch Wallet users. Yuga Labs acquires CryptoPunks and Meebits Yuga Labs, creator of Bored Ape Yacht Club, or BAYC, announced its acquisition of the Intellectual Property, or IP, of the CryptoPunks and Meebits NFT collections from Larva Labs. By adding these brands to their portfolio, Yuga Labs now owns copyright in the art, along with 423 CryptoPunks and 1711 Meebits. Some big news to share today:…

Bitcoin Price Eyes Another Key Upside Break Above $41.5K

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Bitcoin started a fresh increase above the $40,000 resistance against the US Dollar. BTC remains supported and might rally again above the $41,500 resistance. Bitcoin reclaimed the $40,000 level and might continue to rise. The price is trading above $40,200 and the 100 hourly simple moving average. There is a major bullish trend line forming with support near $39,850 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might correct lower, but the bulls might remain active near the $40,000 zone. Bitcoin Price Remains Elevated…