Tag: Blocks

MyEtherWallet allows users to mint Ethereum blocks as NFTs

MyEtherWallet, or MEW, launched its first nonfungible token (NFT) collection called ETH Blocks on Thursday, which tokenizes individual blocks on the Ethereum blockchain. Unique images associated with ETH Blocks are generated based on the block’s data. These NFTs are available exclusively to MEW users via the MyEtherWallet website. A number of blocks have already been claimed, according to the company. Ethereum’s founders called first dibs on blocks one through 10. There are also 13 ETH Blocks representing the history of Ethereum — such as major milestones, forks and updates to the blockchain…

Art Blocks Raises $6M From Galaxy, Flamingo DAO on Strength of Generative NFTs

Art Blocks, the computer-generated digital art market where chromatic squiggles have commanded millions of dollars, raised $6 million in an equity round co-led by Galaxy Interactive, Galaxy Digital’s entertainment-focused venture fund. Calderon said on CoinDesk’s “Opinionated” podcast that Art Blocks received investments from venture capital firms True Ventures, Collab Currency and Libertus, as well as crypto investment communities Flamingo DAO and The LAO. The round closed in August, before Art Blocks exploded into the NFT mainstream as a hub for so-called “generative” art created by algorithms and code. Its geometric,…

Binance blocks fiat deposits and spot crypto trading for Singapore users

Binance has announced some changes to its crypto trading services for customers in Singapore. According to a statement on its website published on Monday, Singapore-based users will be geo-fenced from certain account functions on the Binance.com website. Binance users in Singapore will no longer have access to fiat deposits, crypto spot trading, liquid swap and crypto purchases via fiat channels on the website. “We will be restricting Singapore users in respect of the Regulated Payments Services in-line with our commitment to compliance,” the statement added. Based on the new directive,…

Apple app store reportedly blocks Gnosis Safe wallet update for hosting NFTs

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The Apple App Store reportedly blocked a Gnosis Safe crypto wallet app update due to it hosting NFTs that weren’t purchased inside the app. Lukas Schor —a product developer at Ethereum-based crypto wallet provider Gnosis Safe — revealed the firm ran into trouble when it submitted an updated version of its app to the IOS app store earlier this month. Schor noted on Sept. 14 that despite the update having nothing to do with non-fungibles, the App Store flagged a sample image that displayed an NFT in the app’s description…

Central Bank of Nigeria Blocks Fintech Startups From Accessing KYC Service— Decision Described as an ‘Attack on All Fintechs’ – Regulation Bitcoin News

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The Central Bank of Nigeria (CBN) has recently suspended the provision of the bank validation number (BVN) service to all fintech and third-party partners. The decision means non-banks entities include crypto startups “have lost one of the most comprehensive means of identity verification in the country.” New Identification System Before the latest decision, the CBN accepted the use of the BVN alongside any other acceptable identity documents for KYC purposes. According to the apex bank, this service helped to “check risk and determine whether or not there is an element…

Bitcoin Cash Transactions Intensify, Daily Count Nears BTC, Big Blocks Help Clear Throughput – Bitcoin News

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Just recently, the Bitcoin Cash community has been discussing the large number of transactions the network has been seeing on a daily basis during the last month. Statistics show that bitcoin cash daily transactions have been increasing every day since the last week of 2020. Bitcoin Cash miners have processed upwards of 300,000+ daily transactions on various days during the past week. The crypto economy and myriad of blockchain networks have been getting a lot more attention during the last few months. Not only has a number of digital assets…

Zuckerberg blocks Trump from Facebook until at least end of term

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On Thursday, Mark Zuckerberg took to Facebook to announce the end of Trump’s reign — on the platform anyway. Yesterday’s rally on Capitol Hill in Washington, D.C. turned into a storm of the Capitol itself by Trump supporters following a speech in which the president said “we will never concede.” In his post this morning, Zuckerberg noted that Trump had used his platform on Facebook extensively for campaigning, often delving into disinformation and conspiracy theories, especially since the November election. Following yesterday’s violence, Zuckerberg said that “the current context is…

Bitcoin adoption in Nigeria soars as central bank blocks remittances in Naira

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Peer-to-peer Bitcoin (BTC) volume in Nigeria continues to rise as Africa’s largest economy remains a bastion for crypto adoption. According to Quartz Africa, data from the Bitcoin P2P marketplace Paxful show the country ranks second only to the United States in trading volume. Since 2015, Nigerians have traded over 60,200 BTC on the Paxful platform amounting to about $566 million in volume over the period. Data from Coin Dance shows trading activity for the week ending Dec. 12 at 886.3 million naira (about $2.3 million). Bitcoin’s growing appeal among Nigerians…