Month: July 2023

US Senate approves national defense bill that also targets crypto mixers

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The United States Senate passed the 2024 National Defense Authorization Act (NDAA) worth $886 billion on July 27. The bill includes a provision targeting crypto mixers, anonymity-enhancing coins and institutions engaging in crypto trading. The NDAA is a bill that helps authorize how the country’s defense department can utilize federal funding. Within the bill, a crypto-related amendment was advanced by a group of senators, including Cynthia Lummis, Elizabeth Warren, Kirsten Gillibrand and Roger Marshall. The amendment was created with provisions taken from the Digital Asset Anti-Money Laundering Act, which was…

What is simulation theory? The savage illusion of living in a computer simulation

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Simulation theory is a fascinating concept that posits the idea that our reality and everything within it might be nothing more than an elaborate computer simulation. This thought-provoking hypothesis challenges our understanding of existence, blurring the lines between what is real and what might be an illusion. In this article, we will delve into the intriguing realm of simulation theory, exploring its origins, key principles, philosophical implications and the ongoing debate surrounding this mind-bending idea. Overview of simulation theory The idea of simulation theory has been more well-known recently, igniting…

Hydropowered crypto mining gets nod from Kyrgyz president: Report

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The Kyrgyz Republic, a central Asian state bordering China, is reportedly growing its cryptocurrency mining powers with support of the local government. Kyrgyz President Sadyr Japarov has given a nod to building a crypto mining farm at a hydroelectric power plant, Kyrgyzstan’s national news agency Kabar reported on July 27. The government of Kyrgyzstan plans to spend up to $20 million to build a cryptocurrency mining facility at the Kambar-Ata-2 Hydro Power Plant. According to the president, running a crypto mining farm will allow the government to avoid energy losses…

DeFi Protocol Sparks Speculation Of $16 Million Rug Pull After Severing Lines of Communication

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DeFi protocol, Hector Network, has closed its official Discord server, leaving many investors in the dark. The move comes amidst growing suspicions of a $16 million rug pull engineered through a so-called hard rug, a process where funds are quickly moved, leaving investors with shitcoins. This comes after a controversial rage-quit vote organized by the project’s DAO.  DeFi Protocol Hector Network Leaves Investors In Limbo Hector Network investors woke up to the news that the DeFi protocol had cut off communications on its official Discord server. The Discord server was…

The Sandbox and the British Museum bring art and history to the metaverse

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The Sandbox metaverse development platform announced on July 27 that it would be partnering with the British Museum to bring it into the metaverse.  The blog revealed that the partnership aims to create new “immersive experiences” for users to discover world history. A range of digital collectibles will be generated that reflect various collections within the museum. Immerse yourself in a world of history, art, and culture of the @britishmuseum as digital collectibles and metaverse experiences…inside The Sandbox! In collaboration with @LaCollectionOffhttps://t.co/ksihwcbUFf — The Sandbox (@TheSandboxGame) July 27, 2023 Sebastien…

Bitcoin halving and ETF are much ado about nothing

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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Trader Peter Brandt challenges common beliefs on Bitcoin (BTC) halving and the prospect of a US Bitcoin ETF. Noted trader and analyst Peter Brandt has challenged the hype over two pivotal Bitcoin events: the forthcoming halving and the potential approval of a US Bitcoin exchange-traded fund (ETF). Three things I believe about Bitcoin1. The inevitable OK of a $BTC ETF in U.S. will be non-event2. BTC halving will be a non-eventMarkets discount in advance3. BTC’s correlation…

Japanese Web3 developer HashPort Group raises $8.5M in funding round

Japanese blockchain developer HashPort has raised 1.2 billion Japanese yen ($8.5 million) in a Series C funding round led by Sumitomo Mitsui Banking Corporation, The University of Tokyo Edge Capital Partners and Japanese billionaire entrepreneur Yusaku Maezawa. The new round brings HashPort’s total funding to 2 billion yen ($14.2 million).  According to the July 28 announcement, the funds will allow HashPort to consolidate business and secure a compliance management system and related personnel to navigate the sophisticated global regulatory environment for its expansion. The HashPort ecosystem includes its namesake blockchain-related…

Ethereum Will Skyrocket Due To AI DAO Revolution: Arthur Hayes

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In a thought-provoking blog post titled “Moai,” Arthur Hayes, co-founder of the renowned crypto exchange BitMEX, delves into the potential impact of Artificial Intelligence (AI) on the future of economic organization and the role of Ethereum. Hayes argues that the rise of AI-driven Decentralized Autonomous Organizations (DAOs) will revolutionize the global economy and propel Ethereum to new heights. The Critical Role Of DAOs In The AI Era Hayes contends that the current economic progress and per capita wealth of global civilization can be attributed to the efficient self-organization of human…

Grayscale calls for SEC to approve all Bitcoin ETFs simultaneously

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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Crypto fund manager Grayscale urges SEC to approve all proposed spot Bitcoin ETFs simultaneously, emphasizing fairness and impartiality in the regulation process. Chief Legal Officer at Grayscale, Craig Salm, shared a blog post on July 27. He emphasized that the SEC, a disclosure-based regulator, should refrain from picking winners and losers among ETF applicants. The Grayscale Bitcoin Trust (GBTC), which manages assets worth over $18 billion, offers investors exposure to the pioneer cryptocurrency. The firm has been contesting…

Matrixport Advices Bitcoin (BTC) Bulls to Jump to Call Options Amid Low Volaitlity

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“Predictably, the crypto market has become very quiet during these summer weeks. This has caused trading volumes and volatility to fall markedly. Investors might be well advised to replace their bitcoin spot with Bitcoin options, notably upside calls, as lower volatility has made option prices cheaper,” Markus Thielen, head of research and strategy at crypto service provider Matrixport, said. Original