Month: January 2023

LogOn: Texas Town Welcomes Bitcoin Mining

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io A rural town in central Texas is home to the largest bitcoin mining facility in North America, bringing jobs and a renewed vitality to … ▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Youtube version

Check your smart contract approvals

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On the back of the worst year for crypto hacks and exploits, the crypto community has given some advice to newbie investors going into 2023 — check your smart contract approvals and revoke access regularly. Reddit user 4cademy posted their advice to the r/CryptoCurrency subreddit on Jan. 1, noting that they had approved a slew of smart contracts over a two-year period and “thought it was time to check my approved smart contracts.” They found “nearly all” of their approvals were for “unlimited amounts,” which spurred them to revoke approvals for all smart…

Blockchain-based Digital Identification For Online Public Services In Turkey

The process of registering for online public services in Turkey is going to incorporate blockchain technology at some point in the not-too-distant future, according to the plans of the Turkish government. E-Devlet is a digital government site that is utilized in Turkey to access a broad variety of public services. In order to validate the identity of a resident of Turkey who logs into E-Devlet, the site will use a digital identity that is based on blockchain technology. This will make it possible for E-Devlet to check the resident’s capability…

Economist Peter Schiff Predicts Inflation ‘About to Get Much Worse’ — US Dollar Facing ‘One of Its Worst Years Ever’ – Economics Bitcoin News

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Economist Peter Schiff has predicted that the U.S. dollar will have “one of its worst years ever” in 2023, warning that the inflation problem is “about to get much worse.” He also shared his prediction about the worst-performing sectors of the stock market this year. Peter Schiff’s 2023 Economic Predictions Economist and gold bug Peter Schiff shared his 2023 predictions about the U.S. economy, the dollar, and the stock market in a series of tweets Friday. “The U.S. dollar index may have had a strong year, but it ended the…

Valkyrie Reveals Intention to Sponsor Grayscale’s Bitcoin Trust as GBTC Discount to NAV Widens – Bitcoin News

Valkyrie Investments, a Tennessee-based asset manager, has announced its intention to become the new sponsor of Grayscale’s Bitcoin Trust (GBTC). The company states that it is “uniquely qualified” for the role and plans to facilitate redemptions at net asset value (NAV) through a Regulation M filing. Valkyrie Offers to Take Over Management of Grayscale’s Bitcoin Trust Grayscale’s Bitcoin Trust (GBTC) has faced challenges in 2022, with the fund’s discount to net asset value (NAV) reaching record levels. Over the past six months, the spread between the fund’s value and NAV…