Play-to-earn gaming was one of the breakout sectors of the cryptocurrency market in 2021 and the trend was led by Axie Infinity (AXS), a mobile, blockchain-based game where users collect, breed, raise and battle nonfungible tokens (NFTs) called Axies for monetary rewards. As the market topped and then entered what has become a deep bear market, AXS price retraced from an all-time high near $170 to its current price at $15.20 following several setbacks, including a $600 million hack of the Ronin sidechain that hosts the game. AXS/USDT 1-day chart.…
Month: July 2022
Bit2Me to Double Headcount, Make Three Acquisitions
The company seeks to hire 250 employees in the next 12 months. Source
Complete Newbie Guide to Cryptocurrency Mining #live
▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Support the stream: Today I am showing my daughter, age 13 what cryptocurrency is and how to build a GPU based mining rig. We will cover many aspects of finance, cryptocurrency, bitcoin, ethereum and many others subjects. This video will be broken down across several other recap videos later on for easier consumption. This guide is to serve a new person a complete end to end strategy guide on all of the things required when making a mining rig. Part of this…
Bitcoin Funding Rates Are Climbing As Price Continues To Struggle
Bitcoin has been struggling over the last couple of weeks and funding rates have responded in different ways to the price. Instead of a rise in funding rates when the price had begun to plummet, they had stayed muted and had even begun to decline, especially during the past week. However, this is changing as the price of the digital asset has begun to take a turn for the better. Funding Rates Recover Bitcoin funding rates declined to one of their lowest points last month and this had been when…
Controversial mixer Tornado Cash open-sources UI code
Popular cryptocurrency mixer Tornado Cash has fully open-sourced its user interface (UI) code — a move its developers say fulfills their mandate of complete decentralization and transparency. Tornado Cash Classic UI became fully open-sourced on Thursday, the protocol’s anonymous developers announced in a Medium blog post. Although the protocol’s UI has been decentralized since 2020, its open sourcing means anyone can analyze Toronado Cash’s UI pools and make pull requests to improve the project. In the software development world, a pull request is when a developer is ready to merge…
Decentralized Mixer Tornado Cash Open-Sources Its User Interface
Tornado Cash is a decentralized mixer protocol that enables private transactions on Ethereum. Mixers are smart contracts that accept, pool and mix cryptocurrency from multiple senders in order to increase privacy by obscuring potential audit trails. Users send ether to the Tornado Cash smart contract and withdraw that ether and send it to a new public address that has no link to the sending address. Source
Global Top-10 Crypto Exchange Moves Closer to US Entry After Securing FinCEN License
Crypto exchange Huobi says its brokerage subsidiary has received the Money Services Business Registration License (MSB) from the US Financial Crimes Enforcement Network (FinCEN). In a statement, the Seychelles-based crypto exchange says the license will allow HBIT Inc to provide foreign exchange and money transfer services in the US. Authorities require MSB registration to prevent illicit financial activities such as money laundering and terrorist financing. “This is another progress in the compliance process of Huobi Technology, creating a good compliance foundation for the company to carry out digital currency-related business…
UK prime minister announces departure following mass resignations
Boris Johnson, who has been the prime minister of the United Kingdom since 2019, said he will step down as leader of the country’s Conservative Party but will remain head of state until a replacement has been found. In a speech in front of 10 Downing Street in London on Thursday, Johnson said “it is clearly now the will of the Parliamentary Conservative Party, that there should be a new leader of that party and therefore a new prime minister,” with a transition timetable set to be announced next week.…
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Satoshi Nakamoto Dropped From the World’s 20th Richest Billionaire to the 79th in 8 Months – Featured Bitcoin News
In mid-November 2021, Bitcoin’s inventor Satoshi Nakamoto was one of the wealthiest individuals on the planet, with more than $69 billion in bitcoin, and was among the top 20 on the Forbes 2021 Billionaires list. Seven months have passed since then, and Bitcoin’s unknown creator has dropped from the top 20 spot and is now positioned in the 79th rank among the world’s richest 100 people. Satoshi Nakamoto’s Net Worth Dropped 70% — Bitcoin’s Inventor Is Still in the Top 100 Richest Billionaires On the low end, it is estimated…