Month: May 2022

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Coinbase Is on a Downwards Spiral and Could Be Taking your Crypto with It

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May has been an explosive month for cryptocurrency, with huge market crashes and the complete collapse of LUNA causing a massive downturn in average trading figures. To add to this news, Coinbase’s recent financial reporting release doesn’t shine favorably on the decentralized exchange. With over 98 million verified users and billions in controlled assets, many thought of this institution as simply too big to fail. Yet, things aren’t looking good for Coinbase, with their recent announcement suggesting that they may soon have to file for bankruptcy. To make matters worse,…

South Korean Crypto Exchanges Warn on Litecoin Transactions

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Bithumb and Upbit, two major South Korean cryptocurrency exchanges, have issued warnings on Litecoin (LTC) over confidential transactions performed on its latest update. Both exchanges cited South Korea’s Act on the Reporting and Use of Specific Financial Transaction Information, a policy requiring crypto exchanges to conduct  know-your-customer (KYC  Know Your Customer (KYC) Know Your Customer (KYC) is the process via which the broker is verifying the true identity of its clients in order to comply with multiple regulations. KYC is used to assess the suitability of customers when it comes…

Gamestop Launches Web3 Ethereum Wallet That Leverages Loopring’s ZK-Rollup Tech – Bitcoin News

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This week, the consumer electronics and gaming software retailer, Gamestop, has officially revealed the company’s self-custodial, Web3 ethereum wallet. The wallet is currently in beta form and now available via the firm’s web portal, in order to provide users with a wallet that stores crypto assets and non-fungible tokens (NFTs). Furthermore, the wallet utilizes Loopring’s layer two (L2) ZK-rollup technology to provide users with “fast [and] fairly priced transactions.” Gamestop Wants to Bring Power to Players via the Company’s Self-Custodial Ethereum Wallet For quite some time now, it’s been well…

Bitcoin Miners in China Defy Crypto Mining Ban, Now Ranked 2nd in BTC Hashrate

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Summary: Bitcoin miners based in China now control 21.1% of BTC’s hashrate. China is now ranked second in Bitcoin’s hashrate, hinting at the existence of covert mining facilities. This is despite China’s government reiterating in May 2021 its ban on Bitcoin mining and crypto trading. Due to the ban, the dominance of Bitcoin miners based in China had dropped from almost 50% in May 2021 to 9% in July 2021. China has once again reemerged as a significant contributor to the Bitcoin (BTC) network despite the country’s government reissuing a…

GAIMIN Gladiators’ DOTA 2 Team Finish Top 4 in Stockholm Major – Press release Bitcoin News

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press release PRESS RELEASE. Zug, Switzerland, 22nd May 2022: GAIMIN Gladiators are delighted to announce their DOTA 2 finish Top 4 in the ESL One Major in Stockholm. For the last 10 days, GAIMIN Gladiators’ DOTA 2 team have achieved unprecedented acclaim for their progression in the ESL One Stockholm Major. As a newly formed team, in their first four months, this team has achieved success that is typically only seen in longer established and more highly funded teams. The DOTA 2 team lost out to OG in the lower…

LUNA Records 100% Growth In A Single Day. More Upside Coming?

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LUNA has been on the decline since the crash of the UST rocked the crypto space earlier this month. What had been one of the most successful cryptocurrencies in the market had quickly turned sour. The digital asset had fallen from trading around the $100 level to trading a couple of zeros below $1, causing holders to lose billions of dollars. Nevertheless, a lot of investors continue to hold out hope and trade the coin, which has led to multiple rallies. Up 100% In One Day On Sunday, LUNA had…

GameStop unveils beta cryptocurrency wallet and upcoming NFT platform

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American electronics retail firm GameStop has taken a step into the world of cryptocurrencies, unveiling a proprietary blockchain wallet that will feature nonfungible token functionality. The GameStop Wallet will allow gamers to acquire, send and store Ether (ETH), ERC-20 tokens and NFTs through a self-custodial browser extension running on the Ethereum blockchain. A mobile application is also in the works. It’s official! The GameStop Wallet is here. Download: https://t.co/dK2dmRmwRI — GameStopNFT (@GameStopNFT) May 23, 2022 The wallet will run on Ethereum’s Loopring layer-2 scaling protocol designed for decentralized exchanges, which…