Day: July 19, 2022

UFC fighter will receive full salary in Bitcoin, shrugs off crypto market volatility

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Ultimate Fighting Championship (UFC) fighter Luana Pinheiro announced that she has partnered with Bitwage to receive her salary in Bitcoin (BTC). Pinheiro said she continues to receive fiat payments from her sponsors but converts them to BTC immediately through Bitwage.  Pinheiro is currently ranked 15th in her UFC division and has won eight consecutive fights. The fighter said she chose to receive her salary in Bitcoin after her boyfriend and fellow mixed martial artist Matheus Nicolau encouraged her. Comparing Bitcoin to her fighting style, jiu-jitsu, Pinheiro highlighted that she prefers to…

New token by ConsenSys enables security audits for the highest bidder

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ConsenSys is set to tokenize smart contract and security auditing services through the upcoming auction of eight “timeboxed” TURN tokens. The Ethereum-focused blockchain software company has developed the offering through its smart contract audit service ConsenSys Diligence. TURN, short for Time-Unit Representative NFTs, will create an open marketplace for security auditing services, which are in high demand in the burgeoning blockchain and cryptocurrency space. The firm touts TURN as the first nonfungible token (NFT) purpose-built for smart contract security auditing services in the industry. It essentially tokenizes the labor powering…

ETH Hits $1,600 as Crypto Surge Continues on Tuesday – Market Updates Bitcoin News

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Ethereum rose for a seventh consecutive session on Tuesday, as prices briefly climbed above the $1,600 level. This move saw the token hit its highest level in over a month, and came as bitcoin also reached a nearly five-week peak, following gains made earlier today. Bitcoin Bitcoin (BTC) was up to start today’s session, however bullish momentum began to fade, as prices ran into some resistance. On Tuesday, the world’s largest token rose to an intraday high of $22,795.04, as traders continued to feed off of the recent bullish sentiment.…

Market Collapsing | Bitcoin Just Hit $17k | Ethereum $800

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How can DAOs combat hostile takeovers?

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At the Ethereum Community Conference 5 in Paris, France, a presenter explored decentralized autonomous organizations (DAO) and what countermeasures they could employ against hostile takeovers.  Hilary Kivitz, a Web3 advisor and former partner at a16z crypto, discussed protective concepts in traditional finance that can potentially be applied within DAOs to help combat the increasing risk of hostile takeovers. Within DAO governance, Kivitz argued that there are risks including vote buying to control the votes so that attackers can exploit the DAO. According to Kivitz, these can allow exploiters to raid…

Bitcoin Transaction Cost Plummets After Every 4 Years, Is there A Reason?

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Bitcoin emerged in 2009, making it a total of 13 years of operations. In all these years, experts have identified interesting patterns from watching its movement closely. Observers suggest that two factors usually evoke these patterns on the network, market conditions and investor sentiment. A change in either of these factors causes many events to unfold in the ecosystem. The recent observation by these experts points towards a transaction cost reduction every four years. For example, the cost for one Bitcoin transaction was reduced to $56.846 on Thursday, July 14.…