Day: July 12, 2022

Bitcoin Erases Last Week Gains As Price Sinks Below $20,000

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According to CoinGecko, the most prominent cryptocurrency in the world plummeted by 3.5% in the last 24 hours. Bitcoin gave up all of its gains from last week as it fell below $20,000. BTC’s price on the market right now is $19,750, and the weekly gain is in the red with a 2.6% loss. BTC moved toward a gradual and steady recovery last week. The leading cryptocurrency posted its biggest weekly gain in the previous nine weeks. It increased by 12% last week after experiencing its worst quarter in June. Related…

Spain to Offer Grants for Metaverse Companies – Metaverse Bitcoin News

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The government of Spain has announced it will issue a series of grants and aid for metaverse-related developments. The individuals and companies interested in receiving these grants will have to be based in the European Union or Spain and present a plan, and meet a series of requirements, to be considered. The first batch of grants will be dedicated to the gaming and entertainment sector. Spain Acknowledges Relevance of the Metaverse Countries from all over the world are now considering the metaverse and its related technologies as important…

BitMEX Delays BMEX Listing Citing ‘Market Conditions’

“We have made the decision to postpone the listing of the BMEX Token on our spot exchange,” it said. “The reason is quite simple. Although we are ready to list BMEX, the present market conditions are not ideal, and we want to list the token in an environment that gives it the best chance to reward you, its holders.” Source

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Are North Korean IT Remote Workers Targeting Crypto Firms? Here’s What We Know

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According to the US Government, North Korean IT workers are flooding the freelance market. It’s illegal for US businesses to employ them, but, what if they have no idea they’re doing it? In this new remote work world we’re living in, it’s completely possible. The North Korean workers are targeting all kinds of technology-focused businesses, but of course, the CNN report on the matter focused on cryptocurrency firms. “It’s an elaborate money-making scheme that relies on front companies, contractors and deception to prey on a volatile industry that is always…

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Bitcoin and Crypto Mining BAN – WTF?!

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Bitcoin and Crypto Mining BAN – WTF?! Governments are scared, banks are scared, Bitcoin and cryptocurrencies are putting the power of money back into the hands of the people and now they are resorting to BANNING BTC and Crypto MINING?! Subscribe to VoskCoin – Learn more about Algogems GEMS – Get $250 for free* mining Bitcoin into BlockFi! Compass sells Bitcoin mining rigs – Review the BEST Helium hotspot miners – Bobcat Miner 300 is the BEST mining rig to buy! This…

Helium network team resolves consensus error after 4-hour outage

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The Internet of Things (IoT) blockchain Helium shut down for about 4 hours on July 11 due to validator outages from a software update, causing delayed transaction finality. During the outage, devices transferring data over the network were not affected, but miner rewards and token transfers were left pending. The team resolved the issue by skipping the blockchain forward by one block and resuming normal functions. At 10:20 am EDT, the Consensus Group stopped producing blocks at block height 1435692 on the Helium (HNT) blockchain, according to a status update.…

Insurance Company Sued for Refusing to Cover $7.5 Million Bitcoin Ransom Payment – Featured Bitcoin News

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A British jeweler has sued its insurance company for refusing to cover a bitcoin ransom payment of $7.5 million. The jeweler paid the hackers to prevent sensitive customer data from being published. Insurance Company Faces Lawsuit for Refusing to Cover Bitcoin Ransom Payment A luxury British Jeweler, Graff, has sued its insurer, The Travelers Companies, for refusing to cover a ransom bitcoin payment, Bloomberg reported last week. The jeweler paid a bitcoin ransom of $7.5 million to the Russian hacking gang Conti after the group threatened to leak data of…

Online brokerage M1 Finance to launch crypto trading accounts

Despite the bear market scaring away many crypto investors in 2022, online brokerage firm M1 Finance is set to launch crypto trading accounts and trading services over the next few weeks. The Chicago-based company was founded in 2015 and claims to have more than $5 billion worth of assets under management (AUM). The brokerage also offers retirement accounts in addition to providing commission-free trading on stocks and exchange-traded funds (ETFs). In a July 11 blog post explaining the move, M1 CEO and founder Brian Barnes noted that it was primarily…