Month: February 2023

Justin Aversano makes a quantum leap for NFT photography – Cointelegraph Magazine

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Artist name: Justin AversanoLocation: Los AngelesDate minted first NFT: Feb. 15, 2021Which blockchains? Ethereum Bio: Unintentionally, the healing process of losing his twin sister at birth sparked Justin Aversano’s career to become the poster child for NFT photography. His most famous collection, “Twin Flames,” has 5,900 ETH in total sales volume on OpenSea and multiple million-dollar sales, including one auctioned at Christie’s.  A multidisciplinary artist with a great eye and passion for photography, Aversano’s journey into NFTs started with a trip to Peru to work with local shamans to try…

Crypto Exchange Bitstamp Registers in France

Bitstamp, based in Luxembourg, London and New York, has already registered in Spain and Italy. The European crypto sector is currently awaiting the arrival of the EU’s Markets in Crypto Assets regulation, MiCA, which imposes tough reserve and investor information requirements on crypto services such as wallets and exchanges. Source

India in ‘no hurry’ for CBDC as digital rupee pilot onboards 50k users

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The Indian government doesn’t want to rush its central bank digital currency (CBDC) pilot despite joining the CBDC race just a few months ago. India’s recently launched CBDC pilot has amassed 50,000 users, and 5,000 merchants since the Reserve Bank of India (RBI) launched the digital rupee pilot last year, local news agency The Economic Times reported on Feb. 8. India’s e-RUPI app stopped registering new users. Source: Cointelegraph Announcing the first public milestones of India’s digital currency at a policy press conference, RBI deputy governor Rabi Sankar stressed that…

ETH Nears $1,700, Fed Prepared to Maintain Rate Hikes – Market Updates Bitcoin News

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Ethereum closed in on the $1,700 level on Wednesday, as markets reacted to comments from U.S. Federal Reserve Chair Jerome Powell. Speaking after Tuesday’s session, Powell hinted that the Fed could continue to hike rates, should the data show the need for action. Bitcoin was also boosted by the news, climbing back into the $23,000 region. Bitcoin Bitcoin (BTC) moved higher on Wednesday, following comments from Federal Reserve Chair Jerome Powell. Speaking yesterday, Powell stated, “The reality is we’re going to react to the data. So if we continue to…

ConsenSys founder ‘bullish’ on Ethereum following crypto winter performance

With Ethereum showing resilience through the latest cryptocurrency winter, Consensus founder Joe Lubin says he’s ‘bullish’ over Ether’s (ETH) relative stability through compounding macro events.  Cointelegraph Magazine editor Andrew Fenton spoke to Lubin at the Web3 event Building Blocks 23 in Tel Aviv, Israel, for an all-encompassing interview around the current state and future of the Ethereum ecosystem landscape. The co-founder of the preeminent smart contract blockchain protocol touched on a number of subjects, including ETH’s market performance over the past year. A myriad of macro events, including the collapse of…

Happy Bitcoin anniversary, Tesla — Elon Musk firm still hodls 9.7K BTC

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Bitcoin (BTC) held by Tesla is still worth 33% less than its 2021 purchase price, the latest data shows. Two years to the day that Elon Musk’s firm added BTC to its balance sheet, most gains continue to evade the auto manufacturer. Tesla and Bitcoin: From $1.5 billion to $225 million Bitcoin and Tesla have proven an explosive combination since Musk announced that it would buy $1.5 billion in BTC. The move in February 2021 came as BTC/USD was on its way to its first all-time high of the year,…

Bitcoin Price in the Red for Fifth Straight Day

Chiliz, the blockchain-based sports token that allows fans to own tokens tied to respective teams, has validated the genesis block of its new layer-1 blockchain, according to a blog post. The Chiliz blockchain is EVM-compatible (Ethereum Virtual Machine) and will focus on non-fungible tokens (NFTs), Play2Earn games, and Watch2Earn sports events as well as live event ticketing payments. The Chiliz token (CHZ), which currently has a market capitalization of $1.13 billion, is said to be the “fuel” for the newly-released blockchain. Token holders will receive rewards for staking (delegating) on…

The war among blockchains should stop to speed up adoption

We all remember what the 2008 subprime mortgage debacle was like. The situation was so destructive and almost brought down the global banking system that words like subprime mortgages, credit default swaps and collateralized debt obligations — which are normally part of investment banker’s jargon — became part of the general vocabulary. Because of this in 2009, Satoshi Nakamoto released the very first Bitcoin genesis block, or block zero. Embedded in it was a quote, “The Times 03/Jan/2009 Chancellor on brink of second bailout for banks.” This was roughly at…

Crypto Classification Seeks to Make Industry More Welcoming to TradFi Participants

The Global Crypto Classification Standard, for example, categorizes assets on three levels. The first deals with networks and protocols, be they cryptocurrencies (Bitcoin, Monero, etc), smart contract platforms (for example, Ethereum, Solana), decentralized apps (such as Aave, Uniswap) and so on. The second groups assets by industry and sector, including centralized finance, decentralized finance (DeFi), metaverse, identity and infrastructure. And the third level deals identifies the nature of the assets: a cryptocurrency, a native currency of a particular network, a stablecoin, a derivative token, or a governance or utility token,…