Day: December 18, 2022

What are Layer 1 Blockchains?

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Blockchain technology has garnered significant attention in recent years due to its potential to revolutionize various industries. At its core, a blockchain is a decentralized, distributed ledger that allows multiple parties to reach consensus on the state of a shared database. There are two main types of blockchains: layer 1 and layer 2. Layer 1 blockchains are the foundational layer of a blockchain and are responsible for maintaining the integrity of the network. These blockchains are typically more secure and decentralized than layer 2 blockchains, as they are responsible for…

Gemini Forms Creditors Committee With Houlihan Lokey to Resolve Genesis Liquidity Issues – Bitcoin News

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Roughly two weeks ago a report from the Financial Times (FT) claimed Genesis Global Capital owed $900 million to Gemini customers and the publication’s sources noted that the exchange was attempting to recover the funds by creating a creditors committee. 31 days after Gemini paused the Earn program’s withdrawals, Cameron Winklevoss tweeted that it has formed a committee with Houlihan Lokey acting as the financial advisor. Gemini Hopes to ‘Provide a Path for the Recovery of Funds’ With Newly Created Creditors Committee and Houlihan Lokey Advisor On Dec. 17, 2022,…

Mining Bitcoin with Kryptex

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Amazon’s new series ‘NFTMe’ explores NFT culture and disruption worldwide

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The capacity to digitally authenticate almost everything, and the possibility of monetizing in ways nobody couldn’t even imagine before. These are some of the ways in which the documentary series “NFTMe” introduces nonfungible tokens (NFTs). The show features artists, collectors, and industry professionals across the world sharing their experiences with NFTs and how the merger between art and technology has positively affected their daily lives. In six episodes of 30 minutes each, NFTMe introduces 50 pioneers in the NFT space from four continents, including American singer Susaye Green (of The…

Donald Trump Trading Card NFTs Skyrocket in Value Despite Being Mocked for His ‘Major Announcement’ – Bitcoin News

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After the former 45th president of the United States, Donald Trump revealed his non-fungible token (NFT) trading card collection, Trump’s NFTs sold out within hours after the announcement. Statistics from Opensea, three days after the sale, show that the Trump NFT trading card collection’s floor value is now .49 ether or roughly $578. Trump NFTs Sell out, Cards Quadruple in Value on Opensea, Left-Leaning Political Commentators Are Outraged Donald Trump once said in 2019 that he was not a fan of bitcoin (BTC), and today the former president has leveraged…

Elizabeth Warren Is Co-Sponsoring Reactionary Crypto Policy While Jack Dorsey Is Funding Decentralized Social Media Nostr

Nostr isn’t itself a social network. Instead, it is an open protocol with a lean toward censorship resistance. The protocol doesn’t use a centralized server, instead relying on user-run clients. With this client, users can send content around by writing a post, signing it with their private key and relaying it to others’ servers. This relay network can enable others to build social media platforms using it. Source

Bitcoin Giant DCG Has Locked Nearly $300,000,000 in Crypto Amid Liquidity Issues, Says Dutch Exchange

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Dutch crypto exchange Bitvavo says that Digital Currency Group (DCG) is withholding hundreds of millions of dollars from it due to liquidity issues. In a recent company statement, Bitvavo says that DCG, which provides off-chain staking services to Bitvavo, is suspending repayments until the liquidity crisis it’s facing is resolved. Bitvavo says that DCG’s issues should have no impact on its platform. “DCG is currently experiencing liquidity problems due to the current turbulence in the crypto market. As a result, DCG has suspended repayments until this liquidity issue has been…