Month: April 2023

Winner of Canadian Lottery Jackpot Says Impostors Using His Name to Steal Bitcoins – Featured Bitcoin News

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The winner of the Canadian lottery, Scott Gurney, has confirmed that scammers impersonating him on Facebook have conned unsuspecting victims of their bitcoins. To counter the scammers, Gurney said he has stopped accepting or sending friend requests on the social networking platform. ‘Too Good to Be True’ The Canadian Lotto Max jackpot winner, Scott Gurney, has said individuals using his name have been asking social media users to donate bitcoins are likely scammers, a report has said. Gurney, who won $55 million, confirmed that one individual told him they lost…

HashKey launches wealth management service citing ‘significant’ demand

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Hong Kong-based digital asset firm HashKey Group has launched a new wealth management platform geared toward professional and institutional investors. In an April 14 announcement, HashKey cited “significant demand from investors to access virtual assets” as the reason for its move into the wealth management space. Deng Chao, the CEO of the group’s venture capital arm HashKey Capital, noted the service allows it to offer solutions to help tap into the “growing opportunities of virtual assets.” HashKey pointed to a 2022 study from consultancy firm Boston Consulting Group (BSG) which…

Bank of Russia Analysts Note Ditching US Dollar Is ‘Hardly Possible’ Without Structural Changes to Foreign Trade – Economics Bitcoin News

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A report from the research department of the Bank of Russia shows that, due to the structure of foreign trade contracts, it will be difficult to ditch the usage of the U.S. dollar to settle payments. The analysts found that contracts are often denominated in U.S. dollars and that most transactions are still concluded with providers from unfriendly countries. Bank of Russia Analysts Find Ditching U.S. Dollar Might Prove Difficult Analysts from the Bank of Russia have found that ditching the U.S. dollar for foreign trade settlements will not be…

Uniswap proposal to launch on Polygon zkEVM is set to pass

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Decentralized exchange (DEX) Uniswap is seemingly set to launch on the new zero-knowledge Ethereum Virtual Machine (zkEVM) roll-up solution from scaling solution provider Polygon. While Uniswap (UNI) tokenholders have until April 14 at 9:05 pm UTC to vote on the proposal to launch Uniswap v3 on the zkEVM, the 40 million vote threshold needed for the proposal to pass has already been reached — with over 42.4 million votes recorded in favor of the integration. All 191 Ethereum addresses voted in favor of the proposal with financial modeling platform Gauntlet…

Asia’s current gaming domination ‘crucial’ for Web3 games: DappRadar

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Asia is “crucial” to the Web3 gaming industry, as it already boasts the majority share of gamers and gaming revenue, and has a high interest in blockchain technology, according to a new report. An April 13 report from analytics platform DappRadar emphasized the Asian market has over 1.7 billion video game players, accounting for 55% of the world’s tot. It also houses over half of the global gaming revenue and has long been “the driving force” behind the global gaming industry, according to the report. Market share of global gamers…

Bitcoin’s dominance knocked by ETH’s post-Shapella rally

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Ether (ETH) prices have topped the psychological $2,000 level following the Shapella upgrade this week and the result is a decline in Bitcoin (BTC) market dominance. According to data from the analysis site btctools.io Ether’s market share climbed to 19.8%, an over 1.1% boost in the last 24 hours while Bitcoin’s dominance slid by just under 1%. Since the beginning of the year, ETH dominance has increased by 7.6%. Bitcoin’s market dominance has fallen to 47.7% as Ethereum’s market share increased. The post-Shapella ETH rally has knocked BTC off an…

Europeans to See More Interest Rate Hikes, Central Bank Governors Indicate – Finance Bitcoin News

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Further rate hikes are warranted by persisting inflation in the eurozone, according to members of its monetary authority’s decision-making body. Two central bank governors, with different opinions about how aggressive the European Central Bank should be, nevertheless agree that more increases of key interest rates are yet to come. ECB Has Some Hikes Left to Make, Bank of France Chief Admits Although the European Central Bank (ECB) has done most of the work in terms of interest rate hikes, it still has a “little way to go,” Banque de France…

OpenBazaar marketplace says it’s set to ‘grow again from the ashes’

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The decentralized marketplace OpenBazaar appears set for a comeback after it was shut down over two years ago, according to a number of social media and GitHub updates. A GitHub repository on the collaborative software development site shows progress as recent as April 12 on building a new version of the marketplace which was shut down in 2020. Brian Hoffman, the former project lead at OpenBazaar and CEO of OB1 — the for-profit company which developed its software — tweeted on April 9 of the progress made on a “new”…