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Linden said Mythical Games has been building the chain over the last couple of years, but Ethereum’s “massive gas fees” were a drawback. It’s hard to validate “big external fees” for users, particularly on a $10 video-game item, he added. Source
Leading US crypto exchange Coinbase is officially rolling out trading services for two digital assets that were recently added to its listing roadmap. In a new announcement, Coinbase says that Aurora (AURORA) will be available accompanied by the “Experimental” label, which the exchange applies to “assets that are either new to our platform or have relatively low trading volume compared to our broader crypto marketplace.” Aurora was designed by the team behind the layer-1 scaling solution Near Protocol (NEAR). As an Ethereum Virtual Machine (EVM), Aurora is fully compatible with…
The District of Columbia is suing MicroStrategy (MSTR) founder and executive chairman Michael Saylor for allegedly never having paid any income taxes in the district in the more than 10 years he has lived there, Attorney General Karl A. Racine announced in a tweet on Wednesday. Source
Big banks including Citigroup, BNY Mellon, Goldman Sachs and State Street made SAB 121 shout-outs in their most recent quarterly earnings reports, perhaps laying the accounting disclosure groundwork for their own crypto custody plans. None of them had any crypto-asset holdings to account for in the second quarter, however. Source 31MAssetsClientsCreditDigitalHeldQuarterSuisse CryptoX Portal
On Wednesday, Bitcoin’s mining difficulty jumped 9.26% higher, recording the second highest difficulty rise in 2022. The latest rise is Bitcoin’s third difficulty increase since August 4, 2022, and it’s now 11.63% harder to find bitcoin block reward. Bitcoin Difficulty Jumps 9.26% — Metric Prints the Second Largest Rise This Year Bitcoin (BTC) has experienced the third difficulty increase this month as the difficulty increased by 9.26% on August 31. The difficulty change took place at block height 751,968, and the 9.26% jump is the second biggest this year. The…
Studies show that most people who attempt to wash trade nonfungible tokens (NFTs) are unprofitable. But that doesn’t stop them from trying, which makes it a glaring regulatory and enforcement issue for the industry. In wash trading, manipulators buy and sell an asset between themselves to create the appearance that the asset is in higher demand and, therefore, worth more than it would be otherwise. With NFTs, wash trading is fairly straightforward: Imagine an investor holds $1 million in Ether (ETH). The investor mints an NFT and proceeds to sell…
▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Once this bear market in risk assets subsides and valuations recover again, cryptocurrencies will outperform all other asset classes, said Mike McGlone, Senior Commodity Strategist at Bloomberg Intelligence. Speaking to Michelle Makori, Editor-in-Chief of Kitco News, McGlone said that markets are about to witness a “great reversion” in which prices mean revert to the upside. Follow Michelle Makori on Twitter: @MichelleMakori ( Follow Kitco News on Twitter: @KitcoNewsNOW ( Follow Mike McGlone on Twitter: @mikemcglone11 ( 0:00 – Crypto Winter 3:14 –…
Great hackers have the impetus to want more, know more, learn more, break more. In order not to fall into the sin of GLUTTONY, it is imperative to set limits. An ethical hacker must be certain to refine the scope of the penetration test to be performed, setting limits on what can be done and just how far one can go in trying to break the system. Source
Large institutional investors have since been turning their attention to shorter-term investments. This tracks with retail sentiment following the price decline of bitcoin from the $30,000 territory. This has put the digital asset in a perilous position, and despite the recent recovery that saw BTC touch $25,000, bearish sentiment continues to be the order of the day, causing the inflows into short bitcoin to balloon over this time. Short Bitcoin Inflows Grow Short bitcoin inflows have been on the rise for a couple of months now. When the ProShares’ short…