Month: May 2023

Blur NFT lending protocol gets mixed reactions from the community

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Nonfungible token (NFT) marketplace Blur recently launched its collateralized lending protocol called Blend, allowing a buy now, pay later approach to purchasing NFTs.  Members of the community had varying reactions. Some believe that it’s a massive development for the space, while others called on the United States Securities and Exchange Commission (SEC) to protect users against such products. On May 1, Blur launched a peer-to-peer perpetual lending protocol called Blend, a platform it developed with the help of venture capital firm Paradigm. The protocol supports NFT collateral, and the team…

Dev Jason Dreyzehner – Bitcoin News

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Pro-freedom technologies advocate and software developer Jason Dreyzehner recently spoke with Bitcoin.com News via email about the upcoming Bitcoin Cash network upgrade on May 15. One of the most talked about improvement proposals set to go through on that date — which proponents view as a boon to economic freedom — is the Cashtokens CHIP. Beyond UTXO-level token creation, the upgrade will allow for “advanced on-chain applications like higher-security vaults, decentralized exchanges, and bridged sidechains,” comparable to ethereum, more scalable, and cheaper, according to Dreyzehner. Bitcoin Cash Dev Dreyzehner on…

NvirWorld could ride the crypto bull run expected in Q2 2023

The price of bitcoin (BTC) has risen sharply since the start of the year and especially days after the banking crisis in the United States. Specifically, bitcoin strengthened as the Silicon Valley Bank (SVB) went bankrupt in mid-March. On April 27, the First Republic Bank’s crisis rumors unfolded, driving bitcoin and crypto prices even higher. On this basis, analysts expect a sharp recovery of crypto prices in the months to come. Already, Balaji Srinivasan, former chief technology officer (CTO) of Coinbase, a crypto exchange, posted on Twitter, saying:  “The current…

Market Value of ‘Bitcoin Request for Comment’ (BRC-20) Tokens Rockets to $137M, Up 600% in a Week

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As of writing, the combined market cap of more than 8,800 BRC-20 tokens was $137 million – a staggering 682% rise from $17.5 million seen a week ago, according to data tracked by Ordinals-builder Ordspace. (For a brief moment early Tuesday, the website showed the total market cap at $2.93 billion. Ordspace said the figure wasn’t accurate and likely resulted from low liquidity in some of the tokens.) Original

China Ramped Up Gold Production During Q1 Amidst Steady Demand From Central Banks – Finance Bitcoin News

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Gold companies operating in China ramped up their production levels during the first quarter of 2023. According to industry reports, the Chinese gold industry managed to recover its extraction levels, reaching numbers it saw before the Covid pandemic, with the country engaging in a record streak of purchasing gold during the last five months. China Recovers Gold Production Levels During Q1 China managed to ramp up its gold extraction levels during the first quarter of 2023. Chinese companies have seen their production efforts rewarded during Q1 2023, as large mines…

Coinbase faces suit over alleged privacy violations in biometrics collection

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Coinbase violated biometric privacy laws in Illinois through its collection and storage of customer fingerprints and facial templates, a proposed class-action lawsuit alleges. A May 1 filing in a California District Court by a Coinbase user claimed the exchange’s requirement that a customer uploads pictures of a valid ID and a self-portrait in order for the firm to conduct Know Your Customer (KYC) checks is violating certain provisions of Illinois’ Biometric Information Privacy Act (BIPA). The lawsuit argues BIPA required Coinbase to gain permission from users when collecting their biometrics.…

Darknet hackers are selling crypto accounts for as low as $30 a pop

Cybercriminals from the darkest parts of the internet are reportedly selling hacked, verified crypto accounts on the darknet for as low as just $30 apiece. According to an April 24 research paper by online data security provider Privacy Affairs — titled The Dark Web Price Index, cybercriminals have been selling all manner of fraudulently obtained financial account information on the dark web. Our newest Dark Web Price Index yearly research is ready. This one is the biggest so far. Covers many new and interesting trends. Check it out here: https://t.co/H2tnM4Uuxf#darkweb…

7,800 jobs at IBM could be replaced by AI within years, suggests CEO

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International Business Machines Corp. (IBM) is expecting to put a “pause” on hiring for “back-office” roles that could be potentially automated by artificial intelligence (AI) instead. IBM CEO Arvind Krishna explained in a May 1 interview with Bloomberg that many “back-office” positions such as those in the human resources and accounting departments will likely be the first to be automated by AI. The IBM boss added he could “easily” see 30% of these positions replaced by AI over a five-year period. Dropbox: Laying off 500 people and replacing them with…

Putin Says Multipolarity Trend Will Intensify — Warns Those Who Do Not Follow Will Lose – Economics Bitcoin News

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Russia’s president, Vladimir Putin, says the trend toward multipolarity is inevitable and will only intensify. “Those who do not understand this and do not follow this trend will lose,” the Russian president warned. Putin on Multipolarity Trend Escalating Russian President Vladimir Putin talked about a global trend towards multipolarity at a recent meeting of the Council for Local Self-Government Development. Putin said: This trend — the trend toward multipolarity in the world — is inevitable. It will only intensify. And those who do not understand this and do not follow…