Day: October 19, 2022

Bitcoin Inducted Into the Guinness World Records As First Decentralized Cryptocurrency

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Guinness World Records (GWR) has given Bitcoin (BTC) recognition as the first decentralized cryptocurrency.ย  The franchise, which has been documenting record-breaking facts and achievements since 1955, traces the origin of Bitcoin to the Cypherpunks, an online community formed in 1992 whose members first discussed the concept of cryptography-based digital currency. GWR also names Satoshi Nakamoto, believed to be involved with the Cypherpunks community, as the pseudonymous creator of the oldest cryptocurrency. Nakamoto first described Bitcoin in a white paper published online on August 18, 2008. โ€œA working implementation of the…

Desarrolladores de Terra presentan un plan de 4 aรฑos para revivir el ecosistema LUNA

De la disponibilidad, 20 millones de tokens LUNA serรกn destinados a un programa de colaboraciรณn para desarrolladores. Desarrolladores de diferentes aplicaciones recibirรกn el pago una vez que la auditorรญa y el lanzamiento del proyecto en la red principal sea exitoso. Algunos ejemplos de proyectos que se detallan en la propuesta incluyen exchanges descentralizados, protocolos de prรฉstamos, emisores de stablecoins y protocolos de derivados. Source

Euro Area Annual Inflation Jumps to 9.9% in September, Cost of Bread Skyrockets, Protests Erupt โ€“ Economics Bitcoin News

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According to the European Unionโ€™s statistics office Eurostat on Wednesday, Euro area annual inflation is up to 9.9% in September, up from 9.1% in August. The inflation rate in September tapped a 40-year high, and investors suspect that the eurozone is โ€œat risk of a financial meltdown.โ€ European Unionโ€™s Consumer Price Index Taps a 40-Year High, EU Residents Take to the Streets to Protest Scorching Inflation Europeโ€™s inflation has jumped a great deal since September 2021, according to the recent report published by Eurostat on Wednesday morning. โ€œThe euro area…

Are There Any Chances Of Terra UST Victims Getting Refunded? Let’s Find Out

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Following recent happening in the Terra community after what is known as the biggest crash in the crypto industry, victims expect a reimbursement. The LUNA founder Do Kwon answered the victimsโ€™ queries in an Unchained interview. In the interview, Unchained asked if pre-depeg UST holders would receive reimbursement or if it was a rug pull. The Terra founder avoided his promise to compensate pre-depeg UST holders with USDT and USDC, which he made via a tweet in May. He stated why Luna Foundation Guard (LFG) cannot compensate users. No Refund…

US Alleges 5 Russian Nationals Used Crypto as Part of Sanctions Evasion, Smuggling Scheme

Yury Orekhov, Artem Uss, Svetlana Kuzurgasheva (also known as โ€œLana Neumannโ€), Timofey Telegin and Sergey Tulyakov are being charged with attempting to evade sanctions against Venezuelan oil producers and obtaining technology used in the U.S. F-22, an air superiority fighter. The defendants allegedly used shell companies and cryptocurrencies to launder the funds involved in this scheme, though a Department of Justice press release did not specify the amounts or types of cryptocurrency used. Source

Why The Bitcoin Price Might Stay At $19,000 Until November

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The Bitcoin price is rangebound and still unable to find a clear direction in the second half of October. The cryptocurrency hinted at more profits over the past week, but the rally was short-lived as BTC was rejected from a critical area, unable to re-test the $20,000 region.ย  At the time of writing, the Bitcoin price trades at $19,159 with a 2% loss in the last 24 hours and sideways movement in the previous seven days. Other cryptocurrencies in the top 10 by market cap follow BTC, recording sideways activity…

There were vast discrepancies in crypto markets during Q3: Report

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According to a new report published by cryptocurrency data aggregator CoinGecko, several interesting anomalies surfaced in the cryptocurrency markets during the third quarter Although the digital asset industry witnessed heavy sell-offs earlier this year, its overall market cap actually increased by around $100 billion compared to Q2. While in the past, crypto bear markets have largely decoupled from stock performance, coins and tokens almost traded in exact tandem with the U.S. S&P500 index in Q3. The correlation coefficient, which ranges between 0 and 1, for the performance of the S&P500…

How Crypto Advocates Are Defending Ooki DAO

The Commodity Futures Trading Commission (CFTC) had what looked like an easy case against Ooki DAO. The allegations werenโ€™t really in dispute and the decentralized autonomous organization itself didnโ€™t seem able to put together a response in time for a court-mandated deadline. However, a near-last-minute intervention has breathed new life into the legal battle. Source