Daily digest for Crypto Breaking News, on September 3, 2021

Crypto Breaking News posted: "One in six Australians now own cryptocurrency, with the total value of their holdings adding up to $8 billion, according to a recent survey. The full report of the Finder Consumer Sentiment Tracker was posted online on September 2. It is a monthly on" New post on Crypto Breaking News 17% of Australians now own crypto, totaling $8B between them: Survey by Crypto Breaking News One in six Australians now own cryptocurrency, with the total value of their holdings adding up to $8 billion, according to a recent survey.  The full report of the Finder Consumer Sentiment Tracker was posted online on September 2. It is a monthly ongoing survey of 1000 nationally representative Australians conducted by Qualtrics. The most popular cryptocurrency in the country remains Bitcoin, with 9% of Australians currently hodling it. Around 8% of Aussies indicated that they own Ethereum, 5% own Dogecoin, while Bitcoin Cash is held by 4% of the population, according to the survey. Researchers said they were surprised to find that 35% of respondents believe that Bitcoin will eventually be transacted more widely than traditional currency — meaning that one in three Australians believe Bitcoin will take over from fiat currency by 2050. The proportion of Bitcoin trubelievers grew to 52% among Gen Z respondents. Additionally, 50% of all respondents indicated that they believe Bitcoin is a legitimate investment. Men were twice as likely as women (23% vs. 11%) to own crypto. However, the trends favor women, with the proportion of women owning crypto increasing from just 7% in January, while the proportion of men fell from 29%. Of those who indicated that they owned cryptocurrency, the largest proportion said that they did so in order to diversify their portfolios (30%). One quarter (24%) of Aussie hodlers said they purchased crypto simply "because it's going up." This figure fell from 45% in January. Around 49% of respondents aren't interested in crypto at all, responding that "nothing would make me want to invest in cryptocurrency," while 32% of crypto abstainers indicated that they would "rather buy shares or have money in savings." Overall, the biggest deterrent to buying crypto is it's volatility and perceived risk. Surprisingly more men than women (50% to 37%) were reluctant to buy crypto for these reasons according to the survey. Another significant barrier to entry for Australians is the difficulty in understanding how crypto works. 28% responded that they would invest in cryptocurrency if they understood how it all worked, while 18% said they would invest if they understood how to actually invest in it. Related: Australia and Singapore conclude digital verification blockchain pilot Finder's research was highlighted earlier in the year when it reported that 56% of Australians believe Tesla CEO Elon Musk is the founder of Bitcoin. The report also demonstrates the effect of global social media influencers on crypto sentiment. More than half of Australians (52%) tend to get news from social media platforms like Twitter, where many cryptocurrency market influencers can be found. Source: Cointelegraph.com Crypto Breaking News | September 3, 2021 at 3:10 am | Categories: Bitcoin, Ethereum, News | URL: https://wp.me/papzAO-p7k Comment    See all comments Unsubscribe to no longer receive posts from Crypto Breaking News. Change your email settings at Manage Subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://cryptobreaking.com/17-of-australians-now-own-crypto-totaling-8b-between-them-survey/

Crypto Breaking News posted: "Curtis Sliwa, a candidate for New York City (NYC) mayor, said that he will make his city "the most cryptocurrency-friendly city" in the U.S. if he is elected. He joins a growing list of mayors and mayoral candidates in growing cryptocurrency" New post on Crypto Breaking News Candidate for Mayor Promises to Make NYC the Most Cryptocurrency-Friendly City in US by Crypto Breaking News Curtis Sliwa, a candidate for New York City (NYC) mayor, said that he will make his city "the most cryptocurrency-friendly city" in the U.S. if he is elected. He joins a growing list of mayors and mayoral candidates in growing cryptocurrency adoption. Mayoral Candidate Plans to Turn NYC Into the Most Crypto-Friendly City NYC mayoral candidate Curtis Sliwa has shared his vision to make New York City the most cryptocurrency-friendly place in the U.S. Sliwa, a radio talk show host, is the founder and chief executive officer of the Guardian Angels, a nonprofit organization of unarmed crime prevention. He tweeted Wednesday: "As NYC Mayor, I will make NYC the most cryptocurrency-friendly city in the nation. Property taxes, fines & fees will be payable in crypto. We will open more crypto ATMs & incentivize businesses to accept crypto. We must modernize our economy & make it accessible for all!" Sliwa is not the only mayoral candidate for NYC who wants to see the city becoming a crypto hub. Brooklyn Borough President and former police officer Eric Adams, who is also currently running for mayor of NYC, promised in June that in one year New York will be "the center of all technology," including "the center of bitcoins." While Adams won the Democratic mayoral primary and Silwa prevailed in the Republican mayoral primary. Former presidential candidate Andrew Yang was also running for mayor of New York City when he promised that as mayor he would invest in making the city "a hub for bitcoin and other cryptocurrencies." Yang is also pro-universal basic income (UBI) and wants to launch "the largest basic income program in history." A few other mayors in U.S. cities have made efforts to boost the adoption of bitcoin and cryptocurrencies. The mayor of the U.S. city of Jackson, Tennessee, recently said that the price of BTC will keep rising as the Fed continues to print money. He believes that bitcoin is "definitely the future monetary system." The mayor of Miami, Florida, has been working to get his city to allow payments in BTC and possibly keeping some bitcoin in its treasury. Meanwhile, the mayor of Cool Valley, Missouri, is raising funds in order to give bitcoin to all residents in his city. Do you think NYC will become the most crypto-friendly city? Let us know in the comments section below. Source: Bitcoin.com Crypto Breaking News | September 3, 2021 at 3:00 am | Categories: News | URL: https://wp.me/papzAO-p7i Unsubscribe to no longer receive posts from Crypto Breaking News. Change your email settings at Manage Subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://cryptobreaking.com/candidate-for-mayor-promises-to-make-nyc-the-most-cryptocurrency-friendly-city-in-us/

Crypto Breaking News posted: "This weekly roundup of news from Mainland China, Taiwan, and Hong Kong attempts to curate the industry's most important news, including influential projects, changes in the regulatory landscape, and enterprise blockchain integrations.  There are" New post on Crypto Breaking News Shanghai Man: Billionaire buys CryptoPunks, Arbitrum finds traction, markets ignore warnings by Crypto Breaking News This weekly roundup of news from Mainland China, Taiwan, and Hong Kong attempts to curate the industry's most important news, including influential projects, changes in the regulatory landscape, and enterprise blockchain integrations.   There are a lot of narratives to keep an eye on as China enjoyed a relatively quiet week on the regulatory front and markets rebounded. Layer-two networks continued to make headlines with their large war chests of funds to invest. Avalanche and Arbitrum are two networks that have growing awareness in China. Both were in the news this week with Avalanche's $180 million fund being announced and Arbitrum's launch on September 1.  MCDex, one of the more active DeFi applications in China, took an early first step by launching its mainnet on Arbitrum's layer-two. MCDex launched on-chain BTC/USDC and ETH/USDC perpetual swaps, one of the first projects to take advantage of Arbitrum's speed and scalability. MCDex and a few other Chinese DeFi projects have been betting big on Arbitrum's development, having deployed on the Arbitrum testnet earlier this spring. Traders who wish to use the current phase one deployment on Arbitrum can apply to have their address whitelisted. Many of the trading firms in Asia will probably be studying the liquidity mining rewards carefully, especially after the popularity of token-incentivized trading on dYdX.  Punks in Asia A physical NFT art gallery in Hong Kong will be the new home for two CryptoPunks, purchased last week for a total of 218 ETH, or around $700,000 dollars. The art gallery is slated to open on September 5 and will now feature Crypto Punk #8236 and #1970. It's rumored that the purchaser of CryptoPunk #8236 is Mike Cai, billionaire founder of popular selfie app Meitu. Cai's Meitu is well known in the Asian cryptocurrency community after it announced earlier this year that it purchased around $40 million worth of BTC and ETH. With Meitu, Cai successfully recognized the strength of the trend for young adults to use beauty filters with animated animal ears. This is an encouraging sign for people who hope that Cai sees a similar mainstream future for CryptoPunks.  Punk #1970 is now owned and displayed in the Start-Art NFT Gallery in Hong Kong A third Punk was also reportedly purchased by the Chinese meme community behind Losercoin, or LOWB. According to reports, the community purchased CryptoPunk #7326 for 79 ETH. BSN breaking new turf Korean blockchain firm MetaverseSociety was announced as a new portal operator for the Blockchain Service Network. This looks to be a third portal following the establishment of the domestic Chinese portal and the global version. The domestic portal is able to work closely with state owned companies and organizations, while the global portal works with more blockchain projects in a looser regulatory framework. This new Korean portal could introduce Chinese companies to the growing community of Korean developers and users. The Blockchain Service Network is a joint initiative between Red Date Technology, the National Information Center, China Mobile, and China UnionPay.  Thrilled to introduce MetaverseSociety @MarX_Metaverse, the exclusive BSN portal operator in Korea. The portal will launch in Korea in November 2021 and will empower Korean developers to build and operate blockchain applications quickly and effectively. Stay tuned! pic.twitter.com/NcebpSDUEV — BSN (@bsnbase) September 1, 2021 Like a good neighbor, eCNY is there The Bank of Communications and China Construction Bank are exploring new use cases with fund managers to allow users to pay for insurance with the digital yuan. This is yet another use case that is being driven by the top down financial system, posing a serious competitor to private payment processors like Alipay and WeChat Pay. According to the report, China Construction Bank has already opened up a total of 8.42 million eCNY wallets for both individual users and institutional clients, making China a clear leader in CBDC adoption. Blockchain meets TradFi Chinese regulators, including the Securities Association of China and the China Securities Regulatory Commission (CSRC), met in the nation's capital to discuss how blockchain could be used to digitally transform the TradFi industry. According to the announcement, the Science and Technology Bureau will look to build a two-tier structure: an asset layer and a business layer for smart contracts and supply chain. The government has continued to push for blockchain applications where it provides so-called 'real economic value', such as in existing industrial sectors. In case you forgot As much as I wanted to end this column on a high note, it wouldn't be right to not include the inevitable reminders from local authorities about the dangers of cryptocurrency investing. On August 27, the People's Bank of China put out a notice that:  "We once again remind the general public that bitcoin and other virtual currencies are not legal tender and have no real value to support them." Yin Youping, deputy director of the People's Bank of China's Consumer Protection Bureau, said on August 27 that transactions related to virtual currencies are purely investment speculation, and the public should be more aware of risks and stay away from them to protect their "wallets". The markets barely reacted to the news, showing that more and more influence is shifting away from governments in the region. Source: Cointelegraph.com Crypto Breaking News | September 3, 2021 at 2:02 am | Categories: News | URL: https://wp.me/papzAO-p7g Comment    See all comments Unsubscribe to no longer receive posts from Crypto Breaking News. Change your email settings at Manage Subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://cryptobreaking.com/shanghai-man-billionaire-buys-cryptopunks-arbitrum-finds-traction-markets-ignore-warnings/

Crypto Breaking News posted: "Twitter appears to be developing functionality that enables users to add Bitcoin and Ethereum addresses to their profiles. The latest update is believed to be a part of Twitter's Tip Jar feature — which was introduced in May this year — and adds to report" New post on Crypto Breaking News Twitter to allow users to add BTC and ETH addresses to profiles: Screenshots by Crypto Breaking News Twitter appears to be developing functionality that enables users to add Bitcoin and Ethereum addresses to their profiles. The latest update is believed to be a part of Twitter's Tip Jar feature — which was introduced in May this year — and adds to reports which surfaced earlier this week that the firm would enable Bitcoin (BTC) tipping for content creators. Italian mobile developer and self-described "leaker" Alessandro Paluzzi tweeted screenshots on Sept. 3 which showed BTC and Ethereum (ETH) wallet address options in the settings toolbar of the app version of Twitter. #Twitter is working to allow you to add your #Bitcoin and #Ethereum address to your profile to receive tips via the Tip Jar feature ℹ️ It is not necessary to link a Strike account to add them to your profile. pic.twitter.com/xT9Tg1vdzR — Alessandro Paluzzi (@alex193a) September 2, 2021 While the news is unofficial at this stage, Twitter's product lead Kayvon Beykpour retweeted Paluzzi's Sept. 1 post about the BTC tipping feature with the lighting and "soon" arrow emoji. Twitter CEO Jack Dorsey hinted in July that BTC tipping was a part of its broader plans to integrate that asset into the platform via avenues such as commerce and subscriptions. An Aug. 31 report from MacRumours claimed that the BTC tipping feature will utilize Lightning Network payment platform Strike. However Paluzzi has suggested that "it is not necessary to link a Strike account" to add BTC addresses to user profiles. ⚡️ https://t.co/EumSmM9caR — Kayvon Beykpour (@kayvz) September 1, 2021 Related: Ethereum alone not enough to disrupt Big Tech: Jack Dorsey Dorsey's Square Inc has outlined multiple BTC initiatives in 2021, including an assisted custody wallet and BTC-based DeFi services. The idea of digital gold being used to tip content creators on Twitter is unsurprising given that Dorsey is a BTC maximalist, however the inclusion of ETH appears to be uncharted territory for the tech leader who has notably refused to have anything to do with the second most popular cryptocurrency in the past. Source: Cointelegraph.com Crypto Breaking News | September 3, 2021 at 1:46 am | Categories: News | URL: https://wp.me/papzAO-p7e Comment    See all comments Unsubscribe to no longer receive posts from Crypto Breaking News. Change your email settings at Manage Subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://cryptobreaking.com/twitter-to-allow-users-to-add-btc-and-eth-addresses-to-profiles-screenshots/

Crypto Breaking News posted: "The crypto market is back in high spirits on Sept. 2 after Bitcoin price briefly tapped the $50,000 level in the early morning trading session. The move above the key resistance level came as industry insiders hinted that major companies and institutional" New post on Crypto Breaking News Traders identify $51K as the key level for Bitcoin to overcome in the short term by Crypto Breaking News The crypto market is back in high spirits on Sept. 2 after Bitcoin price briefly tapped the $50,000 level in the early morning trading session. The move above the key resistance level came as industry insiders hinted that major companies and institutional investors hinted that recent Bitcoin purchases would soon be disclosed in public documents. Additional bullish news came after Vast Bank announced that it had become the first U.S. bank to allow customers to buy, sell and hold Bitcoin (BTC) directly in their checking accounts. BTC/USDT 1-day chart. Source: TradingView Here's what traders and analysts are saying about what to expect next from Bitcoin now that it is trading near the psychologically important $50,000 level. Bitcoin finally broke out of resistance This latest move from Bitcoin managed to break above the bottom trendline of the ascending channel and according to Rekt Capital, a pseudonymous crypto analyst on Twitter, BTC needs to test $51,000 before the market has a better idea of whether $50,000 will hold as support. #BTC recently broke a Lower High resistance (blue) BTC needs to successfully retest this blue diagonal as support if it is to springboard to ~$51,000 next$BTC #Crypto #Bitcoin pic.twitter.com/HXxZmRpKkY — Rekt Capital (@rektcapital) September 2, 2021 Based on the chart provided, Rekt Capital warned to be on the lookout for a retest of the support line which could see the price drop as low as $48,500. Rejection at overhead resistance could prompt a drop to $41,300 Further insight into Bitcoin's price action came from Crypto Chase, who is looking at the $56,000 price level as a signal to go long. #Bitcoin Potential longs. Green box is a rough idea of where I'd enter. First scenario is S/R flip, second scenario is simply bidding a level. Either way I'm looking to get long towards 56K. Lose blue and I'd prob flip bear till 41.3K. pic.twitter.com/p7KZqqgWTv — Crypto Chase (@Crypto_Chase) September 2, 2021 While the trader did not indicate which scenario is most likely to develop, he did point out that a support/resistance flip of the zone highlighted in blue would play a role in determining the direction of the trend. Related: BTC price returns to $50K as Bitcoin bears lose $450M in daily liquidations Bulls need a close above $51,000 Cointelegraph contributor Michaël van de Poppe also suggested that Bitcoin needed to secure a close above $51,000 in order to see continuation. To me, #Bitcoin still has to break that $51K level here for further bullish momentum. Overall, sideways action suits #altcoins nonetheless. pic.twitter.com/acpIDaBZOw — Michaël van de Poppe (@CryptoMichNL) September 2, 2021 As highlighted in the chart provided above, the $51,000 level was a significant price level during BTC's run-up in early in 2021, so a breakout above this level would need to be seen in order to confirm that the trend change is confirmed. Failure to break out above this level could result in further consolidation for BTC and this would bode well for altcoins which typically pack on significant gains when Bitcoin price trades sideways. The overall cryptocurrency market cap now stands at $2.227 trillion and Bitcoin's dominance rate is 41.8%. The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision. Source: Cointelegraph.com Crypto Breaking News | September 3, 2021 at 1:37 am | Categories: News | URL: https://wp.me/papzAO-p7c Comment    See all comments Unsubscribe to no longer receive posts from Crypto Breaking News. Change your email settings at Manage Subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://cryptobreaking.com/traders-identify-51k-as-the-key-level-for-bitcoin-to-overcome-in-the-short-term/

Crypto Breaking News posted: "The founder of Cardano and co-founder of Ethereum, Charles Hoskinson, says that he expects cryptocurrencies to "play a larger role" in Afghanistan amid war with the Taliban forces. Charles Hoskinson Sees Cryptocurrencies Playing Larger Role " New post on Crypto Breaking News Cardano's Charles Hoskinson Expects Cryptocurrencies to Play Larger Role in Afghanistan by Crypto Breaking News The founder of Cardano and co-founder of Ethereum, Charles Hoskinson, says that he expects cryptocurrencies to "play a larger role" in Afghanistan amid war with the Taliban forces. Charles Hoskinson Sees Cryptocurrencies Playing Larger Role in Afghanistan Charles Hoskinson, the founder of Cardano and co-founder of Ethereum, explained in an interview with CNBC Tuesday that cryptocurrencies are likely to play a larger role in Afghanistan, citing a rising need for more privacy. The Cardano founder believes that there will be ongoing civil war in the country and "already the remnants of the northern alliance have been formed, and they're going to need resources." He noted that "Unlike the last time, in the 90's when this happened, now cryptocurrencies are there," elaborating: It is my belief that cryptocurrencies are going to play a larger role in Afghanistan this time around, in the war for and against the Taliban forces. The Pentagon said Monday that the U.S. finished its withdrawal efforts from the airport in Kabul, Afghanistan, effectively ending a 20-year conflict that began soon after the terrorist attack of Sept. 11, 2001. However, there are some U.S. citizens and Afghans in the country who wanted to leave Afghanistan but were unable to do so. Hoskinson described: It's going to be really interesting to see how that gets integrated into statecraft and how that gets integrated into resistance against a regime that clearly doesn't care for the rights of many people and clearly wants to put in a theocracy that belongs more in the 13th century than the 21st century. Cryptocurrency and bitcoin adoption have been growing in Afghanistan particularly during the recent cash shortage. The 2021 Global Crypto Adoption Index, compiled by blockchain data platform Chainalysis, shows that Afghanistan ranks 20th out of 154 countries. In comparison, the U.S. ranks 8th on the index. The top-ranking country for crypto adoption is Vietnam, followed by India and Pakistan. Do you agree with Charles Hoskinson about crypto's role in Afghanistan? Let us know in the comments section below. Source: Bitcoin.com Crypto Breaking News | September 3, 2021 at 1:30 am | Categories: News | URL: https://wp.me/papzAO-p7a Unsubscribe to no longer receive posts from Crypto Breaking News. Change your email settings at Manage Subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://cryptobreaking.com/cardanos-charles-hoskinson-expects-cryptocurrencies-to-play-larger-role-in-afghanistan/

Crypto Breaking News posted: "The $2 billion crypto fraud scheme Bitconnect and its founder have been charged in the U.S. In a parallel enforcement action, a Bitconnect director and top promoter has pleaded guilty to criminal charges in the U.S. "The Bitconnect scheme is believ" New post on Crypto Breaking News $2 Billion Crypto Fraud Bitconnect and Founder Charged — Director Pleads Guilty to Criminal Charges by Crypto Breaking News The $2 billion crypto fraud scheme Bitconnect and its founder have been charged in the U.S. In a parallel enforcement action, a Bitconnect director and top promoter has pleaded guilty to criminal charges in the U.S. "The Bitconnect scheme is believed to be the largest cryptocurrency fraud ever charged criminally," said the U.S. Department of Justice (DOJ). US Authorities Take Action Against Bitconnect and Its Founder U.S. authorities continue to take action against the fraudulent crypto trading scheme Bitconnect and its executives this week. "The Bitconnect scheme is believed to be the largest cryptocurrency fraud ever charged criminally," the DOJ described. The U.S. Securities and Exchange Commission (SEC) announced Wednesday that it has filed an action against Bitconnect, its founder Satish Kumbhani, its top U.S. promoter Glenn Arcaro, and his affiliated company Future Money Ltd. The SEC noted that Kumbhani, age 35, is an Indian citizen who resided in Surat, India, but whose current whereabouts are unknown. According to the Commission: They defrauded retail investors out of $2 billion through a global fraudulent and unregistered offering of investments into a program involving digital assets. The SEC's complaint, filed in the U.S. District Court for the Southern District of New York, explains that from early 2017 through January 2018, the "Defendants conducted a fraudulent and unregistered offering and sale of securities in the form of investments in a 'Lending Program' offered by Bitconnect." The SEC states that the Bitconnect Lending Program "ultimately succeeded in obtaining more than 325,000 bitcoin" from investors worldwide. The complaint alleges that the "defendants falsely represented, among other things, that Bitconnect would deploy its purportedly proprietary 'volatility software trading bot' that, using investors' deposits, would generate exorbitantly high returns." The Commission added: Bitconnect and Kumbhani established a network of promoters around the world, and rewarded them for their promotional efforts and outreach by paying commissions, a substantial portion of which they concealed from investors. "The SEC's complaint charges [the] defendants with violating the antifraud and registration provisions of the federal securities laws. The complaint seeks injunctive relief, disgorgement plus interest, and civil penalties," the Commission continued. The regulator previously reached settlements with two of the five individuals it charged in connection with promoting the Bitconnect scheme. Top US Director and Promoter of Bitconnect Pleads Guilty to Criminal Charges In a parallel action, the Department of Justice announced Wednesday that Arcaro, a Bitconnect director and the top U.S. promoter of the scheme, has pleaded guilty to criminal charges. The DOJ described: Arcaro admitted that he earned no less than $24 million from the Bitconnect fraud conspiracy, all of which, according to court documents, he must repay to investors. The Justice Department detailed that the maximum penalty for Arcaro is "Twenty years in prison, $250,000 fine or twice the gross gain or loss from the offense, whichever is greater; forfeiture and restitution." What do you think about the U.S. authorities' action against Bitconnect and its executives? Let us know in the comments section below. Source: Bitcoin.com Crypto Breaking News | September 3, 2021 at 12:00 am | Categories: News | URL: https://wp.me/papzAO-p77 Unsubscribe to no longer receive posts from Crypto Breaking News. Change your email settings at Manage Subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://cryptobreaking.com/2-billion-crypto-fraud-bitconnect-and-founder-charged-director-pleads-guilty-to-criminal-charges/

Crypto Breaking News posted: "Cardano (ADA) has been on fire recently. At this point, it is no longer a surprise to see the asset posts massive returns in just a short period of time. With so many big things lined up for the project, the price has continued to rally. Now, ADA has brok" New post on Crypto Breaking News Cardano (ADA) Breaks $3, Here's Why Price Will Break $4 In Coming Week by Crypto Breaking News Cardano (ADA) has been on fire recently. At this point, it is no longer a surprise to see the asset posts massive returns in just a short period of time. With so many big things lined up for the project, the price has continued to rally. Now, ADA has broken a critical resistance point in its race to the top. The coin had suffered dips following the knockdown from its first $3 resistance point test. But has successfully broken through this barrier. ADA carries out a successful retest of $3 | Source: ADAUSD on TradingView.com The early hours of the morning saw the price of the digital asset hit a new all-time high of $3.10. Before hitting what appears to be a roadblock and correcting back down. Although this downward correction does not look negative on ADA. Correcting downwards is typical for assets that have rallied in a short amount of time. Basically giving the market time to catch up with the valuation of the asset. ADA's correction saw it hit back down towards $3. But this point acted more as a bounce point for Cardano, which sent the price back up to a more comfortable resting point for the time being. Related Reading | Cardano Offers Up To $10,000 For Network Vulnerabilities In Bug Bounty Nevertheless, the asset looks poised for another rally. With the current momentum and general market sentiment surrounding ADA, it will be no surprise to see it hit $4 next week. Growing interest has led to an accumulation of the asset. Future use cases put Cardano on track to become one of the most widely used blockchains in the space. Hence giving its native asset ADA the needed push to grow fast enough to break through $4. Factors Pushing Cardano (ADA) Towards $4 Most of the momentum ADA has seen has come from the expected upgrades occurring this month. The team behind the Cardano project announced in August that the final upgrade, which is the Alonzo Purple Hard Fork, that will bring smart contracts capability to the network will be released on September 12th. This will put the blockchain on a level where it can compete with Ethereum, the leading smart contracts platform. As users anticipate being able to carry out decentralized finance services and mint NFTs on the network, investors have poured money into ADA. Expecting the price to blow up leading up to and after the announcement of this final upgrade. Related Reading | Cardano (ADA) Founder Responds To Criticism Over New Crypto Partnership Cardano founder Charles Hoskinson has said that the project is on track. And Cardano has received the go-ahead from its shareholders to release Alonzo Purple as scheduled. With less than two weeks left to the launch, the price is expected to continue to rally, with the current trajectory putting ADA on a sure path to $4 before the release of smart contracts capability. After which adoption of the network due to its new use cases will drive the price even further up. Featured image from 123RF, chart from TradingView.com Source: NewsBTC.com Crypto Breaking News | September 3, 2021 at 12:00 am | Categories: News | URL: https://wp.me/papzAO-p79 Unsubscribe to no longer receive posts from Crypto Breaking News. Change your email settings at Manage Subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://cryptobreaking.com/cardano-ada-breaks-3-heres-why-price-will-break-4-in-coming-week/

Crypto Breaking News posted: "Fractional shares in a Doge meme are now collectively worth hundreds of millions of dollars. The original image of Doge, the Shiba Inu dog turned Dogecoin mascot, was turned into an NFT (a type of token that functions like a digital deed of ownership) and" New post on Crypto Breaking News Fractional Shares in Doge NFT Hit $300 Million Valuation by Crypto Breaking News Fractional shares in a Doge meme are now collectively worth hundreds of millions of dollars. The original image of Doge, the Shiba Inu dog turned Dogecoin mascot, was turned into an NFT (a type of token that functions like a digital deed of ownership) and sold for $4 million in June.  Earlier this week, it's buyer, an investment collective called PleasrDAO, split up that NFT into billions of individual tokens. The idea was to allow others the opportunity to buy a slice and have part-ownership of the artwork.  So far, so good. The auction, launched on Wednesday, has raised a total of 11,942 Wrapped Ethereum (worth more than $45 million at today's prices) from 1,796 buyers, according to figures from MISO, the exchange where the auction took place.   And even more importantly... $2.25m raised for charity!! $DOG holders - please head over to the $DOG Park Discord (do-good-always channel) so we can choose the charities we should donate to: https://t.co/9Dv9FhtmyI — PleasrDAOGE (@PleasrDAO) September 2, 2021 That means that 20% of the 16,969,696,969 tokens were sold, and now the remaining 3.3 billion tokens can be bought on decentralized exchanges SushiSwap andUniswap. At its current price, the entire NFT is now worth $302 million, according to figures from Fractional. One token—sold as $DOG—is worth $0.013.  Who is buying the tiny pieces of art? Jamis Johnson, PleasrDAO's chief pleasing officer, told Decrypt that "the Doge NFT community includes some of the top leaders in DeFi, early NFT collectors and digital artists, as well as all of the members of PleasrDAO."  NFTs are a hot craze right now in the crypto world. Billions of dollars are being poured into tokenized artwork, sound clips, videos and even chatbots. In the first quarter of this year, $1.5 billion in NFTs were sold.  The Dogecoin NFT is based on the cryptocurrency's logo, an instantly-recognizable Shiba Inu dog meme. Dogecoin is a very popular cryptocurrency—it has the seventh largest market cap, at $39 billion.  It was created as a joke and based on an internet meme but has since gained traction, partly because billionaire entrepreneurs like Elon Musk and Mark Cuban pump the coin's price and claim it could one day become a useful cryptocurrency for buying things online.  The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice. Source: Decrypt.co Crypto Breaking News | September 2, 2021 at 11:10 pm | Categories: News | URL: https://wp.me/papzAO-p75 Comment    See all comments Unsubscribe to no longer receive posts from Crypto Breaking News. Change your email settings at Manage Subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://cryptobreaking.com/fractional-shares-in-doge-nft-hit-300-million-valuation/

Crypto Breaking News posted: "Bitcoin and Ethereum are in the green on high timeframes. The first and second cryptocurrencies by market cap seemed to be recovering well, after months of sustained selling pressure. At the time of writing, BTC trades at $49,319 with a 1.4% profit in the" New post on Crypto Breaking News Why Bitcoin And Ethereum Could Be In Trouble As Derivatives Pressure Mounts by Crypto Breaking News Bitcoin and Ethereum are in the green on high timeframes. The first and second cryptocurrencies by market cap seemed to be recovering well, after months of sustained selling pressure. At the time of writing, BTC trades at $49,319 with a 1.4% profit in the daily chart. Earlier, Bitcoin was rejected as it made its way back north of $50,000. BTC's price lost its first level of support at $49,800 and now sits at risk of returning to the mid-range of its current levels, around $46,000. BTC moving sideways after it was rejected in the daily chart. Source: BTCUSD Tradingview This could be positive for Ethereum, as the second cryptocurrency by market cap keeps outperforming Bitcoin. A push too high from BTC's price could steal ETH shine. At the time of writing, Ethereum trades at $3,773 with a 1.9% and 16.8% profit in the daily and weekly charts, respectively. ETH with a bullish momentum in the daily chart. Source: ETHUSD Tradingview Investment firm QCP Capital made a market update, claiming that Ethereum "started moving to their target" on the ETH/BTC trading pair set at 0.0850, as seen below. This chart seems bullish for Ethereum as it approaches the end of 2021. Ethereum dominates Bitcoin in the ETH/BTC trading pair. Source: QCP Capital via Telegram At present, the bullish price action in both Ethereum and Bitcoin has occurred without great variations on the funding rates for derivatives. For the ETH/USD, retails investors seem to be in control, QCP Capital claims. These investors jumped into ETH due to the positive catalyst events on the non-fungible token (NFT) sector, update EIP-1559, and the "constant buying of calls in large blocks", the firm said. However, things could be about to change for ETH. The rally could be attracting a fresh wave of speculators and short-term investors, as funding rates started to turn positive after ETH's price broke above $3,8000. The firm said: (…) recent push through 3800 we are starting to see some funding pressure as leveraged players join in on the move higher. In spite of the decisive rally, the market remains wary of potential downside risk. Potential Scenarios For Bitcoin And Ethereum The investment firm added that there is a chance for Bitcoin reversal sees BTC's price continues to trade in the $48,000 to $52,000. As long as it fails to break above these levels, there is potential for a reversion. For Ethereum, the bullish price action could prove unsustainable with an increase in volatility: ETH front-end risk reversals have flipped violently to the put side. With the speed of this move higher, a sharp mean reversion move would not be too surprising. A lot of the next price action will be determined possible determined by Bitcoin, its performance, and dominance in the market. In that sense, QCP Capital pointed out that $51,000 will operate as major resistance with a Relative Index Strength (RSI), a momentum indicator, trending to the downside. Related Reading | New To Bitcoin? Learn To Trade Crypto With The NewsBTC Trading Course Source: NewsBTC.com Crypto Breaking News | September 2, 2021 at 11:00 pm | Categories: Bitcoin, Ethereum, News | URL: https://wp.me/papzAO-p73 Unsubscribe to no longer receive posts from Crypto Breaking News. Change your email settings at Manage Subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://cryptobreaking.com/why-bitcoin-and-ethereum-could-be-in-trouble-as-derivatives-pressure-mounts/

Crypto Breaking News posted: "Traders use various technical analysis tools to identify emerging trends and profitably trade that direction. One popular trend-defining pattern that traders often rely on is called the price channel. An 'ascending channel' or a "bullish price channe" New post on Crypto Breaking News Traders use this classic trading pattern to determine when to 'buy the dip' by Crypto Breaking News Traders use various technical analysis tools to identify emerging trends and profitably trade that direction. One popular trend-defining pattern that traders often rely on is called the price channel.  An 'ascending channel' or a "bullish price channel" is formed by drawing parallel lines between the perceived support and resistance levels that an asset trades between on candlestick charts. Ascending channel basics An ascending channel is formed when the price action can be contained within two upward sloping parallel lines. First, the main trendline is drawn by joining the two reaction lows. Then a parallel line is drawn by connecting two reaction highs. This line is called the channel line. The main trendline is the support area from where the price rebounds and the channel line acts as the resistance from where the price turns down. Generally, the price oscillates between these two lines. As the price continues to rally inside the channel, the ascending channel is considered bullish. Ascending channel pattern. Source: TradingView In the chart above, the two reaction lows (marked as ellipses) can be joined to form the main trendline. Ideally, for the channel line, two points are needed but for early identification of a channel a parallel line with just one reaction high can also be drawn. As seen above, the price rebounds off the main trendline and turns down from the channel line. This means that traders buy near the main trendline and sell when the price reaches the channel line. The price action inside the channel could be random and it does not follow any set pattern. As the price continues to rise inside the channel, it shows that the trend is bullish. Traders use corrections to the main trendline to buy because it offers a low-risk entry opportunity. A breakout of the channel signals a pick-up in bullish momentum, while a break below the channel indicates a possible change in trend. A break below the channel does not always result in a downtrend because sometimes, the price remains range-bound for a few days and then resumes the uptrend. Ascending channel breakouts FTT/USDT daily chart. Source: TradingView The chart of FTX Token (FTT) shows an ascending channel where the main trendline was drawn by joining the two reaction lows. A parallel line from the reaction highs was used to draw the channel line. As shown in the chart above, the price largely remained inside the channel from December 2019 to mid-December 2020. Corrections near or to the main trendline could have been used as a low-risk buying opportunity by keeping a close stop-loss. Usually, a breakout of the channel indicates that the bullish momentum has picked up but in this case, the breakouts turned out to be bull traps on two occasions. The first close above the channel line on Aug. 30, 2020, returned inside the channel on Sep. 3, 2020. Another close above the channel on Nov. 30, 2020, failed to attract buyers at higher levels and the price re-entered the channel on Dec. 1, 2020. This shows that there is no certainty in trading, hence traders should always use a stop-loss to protect their positions. Finally, on the third attempt, the price broke out of the channel on Dec. 16, 2020, and the bulls defended the retest of the breakout level between Dec. 20 to Dec. 24. This meant that the previous resistance had flipped to support and the bullish momentum was about to pick up. FTT/USDT daily chart. Source: TradingView A breakout from an ascending channel, if sustained, shows the pick-up in momentum. That usually results in a stronger rally. The target objective can be calculated by adding the height of the channel to the breakout level. In the above case, the height of the channel is $1.15. Adding that to the breakout level at $4.70 gives a target objective at $5.85. However, the rally turned vertical and quickly reached $10.10 on Jan. 7, 2021. This shows that the target objective should only be used as a guide and other supporting indicators should be looked at before closing the position. Ascending channel breakdowns FTT/USDT daily chart. Source: TradingView The FTT/USDT pair again formed an ascending channel and the price rose from about $20 to $63.10 inside the channel. After the sharp rally, the price broke below the channel on May 17. The bulls tried to push the price back into the channel on May 18 but failed. This attracted strong selling and the pair started a downtrend. The depth of the channel is $14.90 and the breakdown happened at $50.56. Subtracting the depth of the channel from the breakdown level gives a target objective at $35.66. However, the downtrend continued and the pair hit $21.89 on June 26. This shows that traders should turn cautious when the price breaks down from the channel. Not all breakdowns result in a prolonged downtrend BTC/USDT daily chart. Source: TradingView In the above example, Bitcoin (BTC) traded inside an ascending channel from April 2020 to early-June, 2020. The price broke below the main trendline of the channel on June 11, 2020, but the BTC/USDT pair did not start a downtrend. Instead, the price traded inside a range for a few days and then resumed its uptrend. This shows how a break below the channel does not always result in a downtrend. Traders should watch other supporting indicators and the price action before turning bearish. Key takeaways An ascending channel hints at the early stages of a stronger uptrend and it offers an opportunity for traders to buy on dips to the main trendline. A breakout of the channel usually indicates a pick-up in momentum, resulting in a sharp rally. It is usually better to wait for a successful retest of the breakout level to establish fresh positions because sometimes a breakout turns out to be a bull trap. When the price breaks below the channel, it is a sign that the uptrend has ended but that does not always result in a downtrend. Sometimes, the price trades in a range after breaking below the channel and then as volume picks up the asset begins a new up-move. Traders should use the ascending channel in conjunction with other technical tools to add further insight to their buy and sell decisions. The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision. Source: Cointelegraph.com Crypto Breaking News | September 2, 2021 at 10:45 pm | Categories: News | URL: https://wp.me/papzAO-p71 Comment    See all comments Unsubscribe to no longer receive posts from Crypto Breaking News. Change your email settings at Manage Subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://cryptobreaking.com/traders-use-this-classic-trading-pattern-to-determine-when-to-buy-the-dip/

Crypto Breaking News posted: "Of all funds sent to illicit cryptocurrency addresses from Eastern Europe, scams attract the greatest amount, according to a new report. In the past year alone, crypto addresses based in the region have sent the fraudulent schemes a staggering $815 millio" New post on Crypto Breaking News Eastern Europe Sends Over $800 Million in Crypto to Scams in Single Year, Report Reveals by Crypto Breaking News Of all funds sent to illicit cryptocurrency addresses from Eastern Europe, scams attract the greatest amount, according to a new report. In the past year alone, crypto addresses based in the region have sent the fraudulent schemes a staggering $815 million in crypto. Eastern Europe Leads by Volume of Illicit Crypto Transactions Among the world's regions with a total crypto transaction volume of at least $400 million, Eastern Europe is the only one where illicit activity exceeds 0.5% of the total value sent and received, Chainalysis notes in a preview of its 2021 Geography of Cryptocurrency report. In a blog post published Wednesday, the blockchain forensics company revealed: Between June 2020 and July 2021, Eastern Europe-based addresses sent $815 million to scams, second only to Western Europe. Crypto addresses in East European countries have the second-highest rate of exposure to illicit addresses, with Africa topping the chart and Latin America ranking third, the excerpt details. However, Eastern Europe has a much larger overall cryptocurrency economy than either of the other regions in the top three. Source: Chainalysis Researchers also remark that Eastern Europe accounts for the most web traffic to scam websites during the studied period. Among all nations, Ukraine is the marked leader with more than twice the number of web visits registered in the United States which is a distant second. The total number of monthly East European visitors to crypto scam sites peaked at 12.5 million in January. Source: Chainalysis While Eastern Europe sends more digital currency than other regions to darknet markets such as Hydra Market, which targets the Russian-speaking world, scams receive the largest share of East European crypto funds sent to illicit addresses, Chainalysis concludes. "We can assume that most of this activity represents victims sending money to scammers," point out the authors of the report. Finiko Ponzi Scheme Collects Over $1.5 Billion Worth of Bitcoin in 2 Years Chainalysis further notes that over half of the value sent to scam addresses from Eastern Europe went to one particular scam based in the Russian Federation — Finiko. The Ponzi scheme, which enticed crypto investors promising monthly returns of up to 30%, collapsed in July after receiving more than $1.5 billion worth of bitcoin (BTC) since December 2019, mostly from Russian and Ukrainian crypto holders. Source: Chainalysis According to Russian media, Finiko has been led by Kirill Doronin, an Instagram influencer also linked to other Ponzi schemes. With incomes falling amid economic difficulties worsened by the coronavirus pandemic, the scam targeted people who needed extra money. Many Russians fell for the financial pyramid scheme, just like in the "wild 1990s." Meanwhile, the officially estimated damages in the Finiko case have reached 250 million rubles (over $3.4 million), Forklog reported. The crypto news outlet quoted the latest version of the indictment against the pyramid's founder in the Russian republic of Tatarstan. Independent experts claim the total losses exceed $4 billion. So far, 80 individuals have been recognized as victims of the scam, although the number of depositors is believed to be at least 850,000. What are your thoughts on the findings in the Chainalysis report? Let us know in the comments section below. Source: Bitcoin.com Crypto Breaking News | September 2, 2021 at 10:30 pm | Categories: Bitcoin, Cryptocurrency, News | URL: https://wp.me/papzAO-p6X Unsubscribe to no longer receive posts from Crypto Breaking News. Change your email settings at Manage Subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://cryptobreaking.com/eastern-europe-sends-over-800-million-in-crypto-to-scams-in-single-year-report-reveals/

Crypto Breaking News posted: "Christine Lagarde, president of the European Central Bank, said all cryptocurrencies, in which she included stablecoins and speculative assets, "are not currencies at all."In a Sept. 1 interview with World Economic Forum founder and executive chair Klaus " New post on Crypto Breaking News Stablecoins are assets — not currencies, says ECB president by Crypto Breaking News Christine Lagarde, president of the European Central Bank, said all cryptocurrencies, in which she included stablecoins and speculative assets, "are not currencies at all." In a Sept. 1 interview with World Economic Forum founder and executive chair Klaus Schwab, Lagarde said cryptocurrencies "present themselves as currencies," but she still considered them as assets to be regulated and "supervised by asset regulators." Under this definition, the ECB president claimed fiat-pegged digital currencies were also considered assets. "Stablecoins are pretending to be a coin, but in fact it's completely associated with an actual currency," said Lagarde. "For instance, some of them are saying that they can be used for transactions, but the value will be exactly aligned to the dollar." She added that projects behind issuing any stablecoins should be required to fully back their assets with fiat: "That needs to be checked, supervised, regulated so that consumers and users of those devices can actually be guaranteed against eventual misrepresentation. I think very recent history has shown that those reserve currencies were not always available and as liquid as they were intended to be." Lagarde may have been referring to Tether, the largest stablecoin issuer by market capitalization. The company recently agreed to pay $18.5 million in damages and submit to periodic reporting of their reserves until 2023 as part of a settlement with the Office of the New York Attorney General, who alleged that the stablecoin issuer had misrepresented the degree to which its USDT tokens were backed by fiat collateral. Related: Pandemic has accelerated adoption of digital currency: ECB President However, despite these seemingly strong opinions on digital assets, Lagarde made it clear the ECB intended to respond to its customers. She has previously criticized stablecoins and cryptocurrencies, but didn't rule out the possibility the ECB would introduce a central bank digital currency. In July, the ECB's governing council said it would launch the investigation phase of a digital euro project lasting two years. "If customers prefer to use digital currencies rather than have banknotes and cash available, it should be available," Lagarde said. "We should respond to that demand and have a solution that is European based, that is secure, that is available, and friendly terms that can be used as a means of payment." Source: Cointelegraph.com Crypto Breaking News | September 2, 2021 at 10:22 pm | Categories: News | URL: https://wp.me/papzAO-p6Z Comment    See all comments Unsubscribe to no longer receive posts from Crypto Breaking News. Change your email settings at Manage Subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://cryptobreaking.com/stablecoins-are-assets-not-currencies-says-ecb-president/

Crypto Breaking News posted: "Forgive us if we start sounding like a broken record about broken records, but Solana is at it again. The price of SOL rose 14% in 24 hours—part of a 80% increase in the last week—to reach a record of $129.02, according to data from CoinGecko. Just this w" New post on Crypto Breaking News Solana Price Shoots Up 14% to Score Another All-Time High by Crypto Breaking News Forgive us if we start sounding like a broken record about broken records, but Solana is at it again. The price of SOL rose 14% in 24 hours—part of a 80% increase in the last week—to reach a record of $129.02, according to data from CoinGecko. Just this week, it crossed $100 for the first time to become the eight-largest cryptocurrency by market capitalization.  Like Ethereum, Solana is a blockchain built to support decentralized applications that run on smart contracts, automated bits of code that remove intermediaries from transactions. That means, among other things, that decentralized finance (DeFi) protocols can be built atop it. People can use these protocols to take out loans, earn interest on their crypto, and swap assets. In mid-August, Solana reached $2 billion in assets flowing through its DeFi protocols; that's grown to $3.6 billion as of today, according to DeFi Llama. The reason for the growth may be that, unlike Ethereum, it's already a proof-of-stake network that prioritizes scalability. Ethereum developers are in the middle of transitioning to such a network, known as Eth 2.0. When completed, instead of miners earning rewards for processing network transactions, "validators" will get newly minted ETH at levels proportionate with how many tokens they contribute toward network security.  Solana's creators say its system is the "fastest blockchain in the world" as the network bids to pry away users fed up with sluggish speeds on Ethereum, which itself is inching back up in price thanks to a boom in NFTs. Other coins are also taking advantage of renewed bullishness. Cardano, another "Ethereum killer," has said it will launch smart contracts (and therefore open itself up to DeFi) on September 12. Its ADA coin hit a record price of $3.09 earlier today as smart contracts hit its testnet. Source: Decrypt.co Crypto Breaking News | September 2, 2021 at 10:12 pm | Categories: News | URL: https://wp.me/papzAO-p6T Comment    See all comments Unsubscribe to no longer receive posts from Crypto Breaking News. Change your email settings at Manage Subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://cryptobreaking.com/solana-price-shoots-up-14-to-score-another-all-time-high/

Crypto Breaking News posted: "Ethereum rival Solana is booming, making waves with its surging cryptocurrency price and rising NFT and decentralized finance activity—and Audius, a crypto-powered music service, is taking note.  Today, the project announced that its users can now display" New post on Crypto Breaking News Crypto Music App Audius Now Showcases Both Ethereum and Solana NFTs by Crypto Breaking News Ethereum rival Solana is booming, making waves with its surging cryptocurrency price and rising NFT and decentralized finance activity—and Audius, a crypto-powered music service, is taking note.  Today, the project announced that its users can now display their Solana NFTs on the platform via an exclusive integration with Phantom, a popular Solana wallet. Audius is a rising streaming music service that offers an alternative to heavyweight players in the space—like Spotify and Apple Music—via a decentralized approach that hosts tunes on distributed nodes, rewarding users for supporting the network. And like many crypto projects of late, Audius has embraced NFTs. However, the platform isn't trying to sell the potentially valuable crypto collectibles. Instead, it has added support for users to display their own NFT collections on their respective profile pages. Until now, users could only display NFTs minted on Ethereum, the leading platform for tokenized collectibles. An NFT acts like a receipt for a digital item, and can take the form of a still image, animated GIF, video clip, or even a music composition. The NFT market blew up early in 2021, generating $2.5 billion worth of trading volume across the first half of the year. However, NFT activity has accelerated further of late, with leading marketplace OpenSea processing more than $3.4 billion worth of trading volume in August alone. Screenshot of NFT collectibles on Audius. As with the previous Ethereum NFT integration, Audius members that have a "Silver Tier" account—those that hold at least 100 of the AUDIO governance token—can connect their Phantom wallet to display Solana NFTs on the site. Essentially, it's an online gallery for showcasing personally-owned NFT collectibles, rather than a marketplace. "As we continue to migrate pieces of Audius onto Solana, it's important that we deeply and natively integrate with that vast user base," Audius co-founder and Chief Product Officer Forrest Browning told Decrypt. "And for a project like Audius, where we treat great user experience as absolutely paramount, frankly the experience with Phantom is miles better than anything you'd get with MetaMask." "We're happy to see more NFTs decide to launch on Solana," he added, "because I think ultimately that opens up the gate for mainstream adoption to a non-crypto-native crowd." Audius is functionally like a hybrid between a streaming music service (Spotify) and a music-sharing platform (Soundcloud), albeit with a blockchain-powered model that sees songs hosted on an array of user-operated nodes. Governance and AUDIO staking currently takes place on Ethereum, although Audius announced plans in October 2020 to begin migrating its network over to competing blockchain Solana to "help scale" the service. According to Browning, Audius NFT galleries have been a popular way for musicians to showcase their collections, and well-known artists such as Linkin Park's Mike Shinoda, Disclosure, and Dillon Francis have tapped into the feature. Shinoda, for example, apparently owns several of the popular Bored Ape Yacht Club NFTs. Solana has been dubbed a potential "Ethereum killer" for how it improves on some of that platform's current deficiencies. While Ethereum regularly gets bogged down with network congestion, boosting transaction fees in the process, the more energy-efficient Solana claims to be able to handle thousands more transactions per second than Ethereum. Solana Crosses $100 Milestone, Becomes 8th Largest Cryptocurrency In recent weeks, Solana's SOL cryptocurrency has skyrocketed in value. It's up 279% over the last 30 days, according to CoinGecko, and its current price of above $126 is close to the all-time high mark set earlier this week. NFT collections have been popping up on Solana lately, such as Degenerate Ape Academy and Aurory, and have collectively generated tens of millions of dollars of trading volume on the platform. Additionally, DeFi activity on Solana is growing, which means a growing number of Solana holders are now using applications on the network to trade, borrow, and lend SOL and Solana-based tokens without third-party intermediaries There's currently nearly $3.5 billion worth of funds locked in Solana DeFi protocols, according to data from DeFi Llama, up from $1.2 billion at the start of August. Ethereum DeFi protocols currently have $126 billion worth of assets locked up, however. Audius, meanwhile, saw a large boost in activity around the platform after announcing an integration with social media app TikTok last month. The AUDIO token more than doubled in value over the course of a day, and is currently up 137% over the last 30 days, according to CoinGecko. Audius says it has added nearly a million more users since that August 16 news, today announcing a new milestone of six million monthly active users. Source: Decrypt.co Crypto Breaking News | September 2, 2021 at 10:03 pm | Categories: News | URL: https://wp.me/papzAO-p6V Comment    See all comments Unsubscribe to no longer receive posts from Crypto Breaking News. Change your email settings at Manage Subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://cryptobreaking.com/crypto-music-app-audius-now-showcases-both-ethereum-and-solana-nfts/

Crypto Breaking News posted: "PRESS RELEASE. Vasyl Virastyuk, the strongest man on the planet in 2004 and 2007, tokenized his autograph through the innovative NFT project PHILOGRAPHY. The strongman was the first to start a partnership with PHILOGRAPHY.BIZ. He provided his original aut" New post on Crypto Breaking News Vasyl Virastyuk, the Strongest Man on the Planet Has Tokenized Autograph With Philography Project by Crypto Breaking News PRESS RELEASE. Vasyl Virastyuk, the strongest man on the planet in 2004 and 2007, tokenized his autograph through the innovative NFT project PHILOGRAPHY. The strongman was the first to start a partnership with PHILOGRAPHY.BIZ. He provided his original autograph to produce a limited edition of collectible NFT autographs and sell them. This is the project's first NFT token, which will increase its collectible value and investment value in the long run. Vasyl Virastyuk is the owner of the 2004 and 2007 World's Strongest Man titles and the multiple world champion in strongman competitions. According to reputable online media, the athlete is among the top 10 strongest men in the world in mankind's history. Vasyl Virastyuk has set a number of world records. Among them: Movement of 5 streetcars weighing 101.5 tons. Movement of 10 cars with a total weight of 16.5 tons over a distance of 18.5 meters. Movement of 7 cars with a total weight of 11 tons over a distance of 25 meters. Vasyl Virastyuk is a pioneer strongman. He was the first to work with ice when within a minute he lifted and installed four ice cubes weighing 150 kg each on the threshold of 130 cm high. Under his leadership, the Ukrainian Strongman team has 4 times won the World Strongman National title. In 2007 he defeated Žydrūnas Savickas, the two-time IFSA world champion. After this victory, he became the first athlete in the history of strongman to win both a World's Strongest Man title and an IFSA World title. What is the PHILOGRAPHY NFT PROJECT? PHILOGRAPHY NFT PROJECT is the world's first repository and auction platform for tokenized NFT autographs. The PHILOGRAPHY team officially collaborates with global celebrities from film, culture, sports, politics, and business and tokenizes their original autographs. All autographs are confirmed (verified) by the celebrities. PHILOGRAPHY team independently organizes autograph sessions and interviews with celebrities. Subsequently, the team converts autographs into NFT tokens – collectible NFT autographs of the celebrities. PHILOGRAPHY.BIZ produces limited editions of celebrity autograph collections and sells them on the world's NFT marketplaces – OpenSea and Rarible. The limited number of NFT autographs guarantees an increase in the collection and investment value of the digital asset in the long term. The next step in the development of the PHILOGRAPHY platform is its integration with British and American auction houses. The NFT market showed growth last year. In the first half of 2020, the total turnover of NFT tokens reached $232.5 million. The growing interest in NFT tokens is attracting new investments. A few days ago, Visa bought the NFT token "CryptoPunk" for $150,000. As of the second half of 2021, the NFT token market has crossed the $3B mark, and experts predict it will grow further. "PHILOGRAPHY NFT PROJECT is the blue ocean in the world of investing in collectible autographs of celebrities", said Vasyl Virastyuk, the world's strongest man of 2004 and 2007. The interview of the strongman legend can be found on the official website of the project – PHILOGRAPHY.BIZ. It confirms that the autograph of Vasyl Virastyuk is authentic and it was made by the strongest man in the world for PHILOGRAPHY. PHILOGRAPHY NFT PROJECT team created and develops an ambitious project, which transforms the existing investment market in collectible autographs of celebrities. The PHILOGRAPHY platform has created an innovative technological tool to protect investors against fake autographs. Thanks to this project, autograph collectors will be assured of their authenticity. You can buy confirmed collectible NFT autographs of the world celebrities on specialized websites – OpenSea, Rarible and PHILOGRAPHY.BIZ   This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release. Source: Bitcoin.com Crypto Breaking News | September 2, 2021 at 10:00 pm | Categories: News, Press Release | URL: https://wp.me/papzAO-p6R Unsubscribe to no longer receive posts from Crypto Breaking News. Change your email settings at Manage Subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://cryptobreaking.com/vasyl-virastyuk-the-strongest-man-on-the-planet-has-tokenized-autograph-with-philography-project/

Crypto Breaking News posted: "Japanese financial conglomerate SBI Holdings is reportedly planning to set up one of the first funds in the country giving investors exposure to crypto. According to a Thursday Bloomberg report, SBI, aiming to have a crypto fund available by the end " New post on Crypto Breaking News SBI reportedly looks to launch crypto fund in Japan by December by Crypto Breaking News Japanese financial conglomerate SBI Holdings is reportedly planning to set up one of the first funds in the country giving investors exposure to crypto.  According to a Thursday Bloomberg report, SBI, aiming to have a crypto fund available by the end of November, will offer residents of Japan the opportunity to invest in Bitcoin (BTC), Ether (ETH), Bitcoin Cash (BCH), Litecoin (LTC), XRP, and others. Tomoya Asakura, a director and senior managing executive officer at SBI, said the company could see the fund growing to several hundred million dollars, with investors likely being required to deposit a minimum of 1-3 million yen, or $9,093-$27,279 at the time of publication. "I want people to hold [crypto] together with other assets and experience firsthand how useful it can be for diversifying portfolios," said Asakura. He added that SBI would consider launching a second crypto fund depending on the success of the first. The crypto fund would potentially be launched amid the country's financial watchdog, the Financial Services Agency, or FSA, not allowing companies to operate crypto investment trusts. The regulator also requires compulsory national registration for crypto exchanges and licensing for platforms looking to operate in Japan. According to Asakura, he will be working to show the Japanese public and the FSA that cryptocurrencies can be part of a well-balanced investment portfolio rather than "highly volatile and speculative" assets as many believe. SBI has been working for four years to launch the crypto fund, which it now plans to do using an "anonymous partnership" — partnering with an investor that agrees to supply capital to SBI, an arrangement sometimes used for private equity funds in Japan. "[People] will understand that we aren't recommending cryptocurrencies as a tool of speculation," said Asakura. Related: SBI looking to set up joint crypto ventures with foreign firms Japanese regulators have reportedly been hiring more staff to develop stricter global rules for digital currencies. Cointelegraph reported in July that the country's Ministry of Finance was considering adding experienced regulators in an effort to scrutinize the crypto and blockchain industry worldwide, while the FSA has already established a new unit to oversee digital currency regulation. Source: Cointelegraph.com Crypto Breaking News | September 2, 2021 at 9:25 pm | Categories: News | URL: https://wp.me/papzAO-p6P Comment    See all comments Unsubscribe to no longer receive posts from Crypto Breaking News. Change your email settings at Manage Subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://cryptobreaking.com/sbi-reportedly-looks-to-launch-crypto-fund-in-japan-by-december/

Crypto Breaking News posted: "Optimism across the crypto market continues to rise as bullish developments in the price of Bitcoin and Ethereum (ETH) renewed discussions about a 2013-style double-pump rally that could push (BTC) price past $100,000. The positive price action " New post on Crypto Breaking News Presearch, Aragon and IOTA explode higher after Bitcoin price clips $50K by Crypto Breaking News Optimism across the crypto market continues to rise as bullish developments in the price of Bitcoin and Ethereum (ETH) renewed discussions about a 2013-style double-pump rally that could push (BTC) price past $100,000.  The positive price action hasn't been limited to the top two market leaders. Many altcoins continue to rally and the 'altseason' indicator from Cointelegraph Markets Pro is signaling that the momentum could continue for a while longer. Top 7 coins with the highest 24-hour price change. Source: Cointelegraph Markets Pro Data from Cointelegraph Markets Pro and TradingView shows that the biggest gainers over the past 24-hours were Presearch (PRE), Aragon (ANT) and IOTA (MIOTA). Presearch's android app will debut on Chrome The top performer of the day is Presearch, a blockchain-based, decentralized search engine that is community-driven and allows users to search privately and earn rewards for their activity. VORTECS™ data from Cointelegraph Markets Pro began to detect a bullish outlook for PRE on Sept. 1, prior to the recent price rise. The VORTECS™ Score, exclusive to Cointelegraph, is an algorithmic comparison of historic and current market conditions derived from a combination of data points including market sentiment, trading volume, recent price movements and Twitter activity. VORTECS™ Score (green) vs. PRE price. Source: Cointelegraph Markets Pro As seen in the chart above, the VORTECS™ Score for PRE began to rise as the price of PRE started to increase, and reached a high of 73 on Sept. 1, around one hour before its price increased 245% over the next day. The boost in momentum and price for the project came after the project announced that the Presearch Android application will be added to the 'choice screen' on factory reset phones and it will be available as a default search option on Chrome. Aragon benefits from its partnership with Polygon Aragon is an Ethereum network-based protocol that focuses on the creation of decentralized autonomous organizations (DAO) as a way to help projects develop governance structures so that their communities can get involved with the development of the protocol. VORTECS™ data from Cointelegraph Markets Pro began to detect a bullish outlook for ANT on Sept. 1, prior to the recent price rise. VORTECS™ Score (green) vs. ANT price. Source: Cointelegraph Markets Pro As seen in the chart above, the VORTECS™ Score for ANT climbed into the green zone on Aug. 31 and reached a high of 71 on Sept. 1, just two hours before its price began to surge by 77% over the next day. The sudden spike in interest for ANT came following the Sept. 2 announcement that Aragon had partnered with Polygon to help make the process of launching DAOs on the Aragon network more cost-effective. Related: Bitcoin bull run sparks $180K BTC price prediction ahead of institutional 'fireworks' Protocol updates push IOTA price higher IOTA is a distributed ledger protocol that utilizes a proprietary technology called Tangle to perform consensus and confirm transactions. Data from Cointelegraph Markets Pro and TradingView shows that after reaching a low of $0.96 on Sept. 1, the price of MIOTA spiked 55% to an intraday high at $1.50 on Sep. 2 as its 24-hour trading volume surged 234% to $681 million. IOTA/USDT 4-hour chart. Source: TradingView The sudden surge in interest for the project comes after the protocol integrated the Hornet update, which brought back the auto-peering feature and also integrated a faucet plugin with the Hornet node. This makes the process of running a private 'Tangle' easier. The overall cryptocurrency market cap now stands at $2.214 trillion and Bitcoin's dominance rate is 41.9%. The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision. Source: Cointelegraph.com Crypto Breaking News | September 2, 2021 at 8:43 pm | Categories: IOTA, News | URL: https://wp.me/papzAO-p6N Comment    See all comments Unsubscribe to no longer receive posts from Crypto Breaking News. Change your email settings at Manage Subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://cryptobreaking.com/presearch-aragon-and-iota-explode-higher-after-bitcoin-price-clips-50k/

Crypto Breaking News posted: "A Zimbabwean artist, Greatjoy Ndlovu, joined the growing list of African artists pivoting to the non-fungible tokens (NFT) market after his digital artwork was sold for 0.7 ethereum. The sale, which took place on the Async Art NFT marketplace, is Ndlovu&#" New post on Crypto Breaking News More Zimbabwean Artists Pivot to NFTs as Bubble Concerns Grow by Crypto Breaking News A Zimbabwean artist, Greatjoy Ndlovu, joined the growing list of African artists pivoting to the non-fungible tokens (NFT) market after his digital artwork was sold for 0.7 ethereum. The sale, which took place on the Async Art NFT marketplace, is Ndlovu's first foray into the digital art space. NFTs an Opportunity for African Artists According to a report, Ndlovu's digital art piece, which is called Burnt Out, depicts the challenges that were experienced by health care workers who were fighting to stop the spread of the Covid-19 pandemic. In addition, the report says Ndlovu is hopeful that his break into the NFT space will help "inspire many young creators to take a leap and test the market themselves." According to the artist — who also serves as the Ambassador of SOS Children's Village — NFTs represent an "alarmingly bright future" for African art makers. Artists Embrace NFTs Meanwhile, with this pivot to NFTs, Ndlovu joins Nyasha Warambwa and Indigo Saint, the first artists from Zimbabwe to embrace NFTs. Warambwa, who also goes by the name "Hulio," reportedly revealed via social media that his two NFTs had been sold for 1.55 ETH (or over $5,700 at current prices). Indigo Saint, on the other hand, is believed to have sold his NFT inside the first four hours of listing. The works were sold "at a price of 50 SOUL coin which was valued at US$29 on the day." However, despite the three artists' positive remarks about NFTs, some Zimbabweans on social media are raising concerns about a bubble. For instance, one Zimbabwean social media user known as Link Marine remarked: "[An] NFT crash is imminent…only a few months or even weeks." Do you see NFTs as a bubble? You can share your views in the comments section below. Source: Bitcoin.com Crypto Breaking News | September 2, 2021 at 8:30 pm | Categories: News | URL: https://wp.me/papzAO-p6L Unsubscribe to no longer receive posts from Crypto Breaking News. Change your email settings at Manage Subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://cryptobreaking.com/more-zimbabwean-artists-pivot-to-nfts-as-bubble-concerns-grow/

Crypto Breaking News posted: "The Bored Ape Yacht Club has rapidly become one of the most popular NFT projects around, with the Ethereum-based collection generating hundreds of millions of dollars of trading volume in recent weeks. And now the crypto profile picture set has received a" New post on Crypto Breaking News Sotheby's Kicks Off Bored Ape NFTs Auction, Bids Soar to $4.5 Million by Crypto Breaking News The Bored Ape Yacht Club has rapidly become one of the most popular NFT projects around, with the Ethereum-based collection generating hundreds of millions of dollars of trading volume in recent weeks. And now the crypto profile picture set has received another type of validation in the form of a Sotheby's auction, which started this morning. The Sotheby's auction comes from Bored Ape creators Yuga Labs, and is a lot spanning 101 different NFTs from the developers' own stash. The entire Bored Apes set spans 10,000 different images, so this auction will land the winner approximately 1% of the full collection. Sotheby's anticipates that the auction will generate between $12 million and $18 million by the time it finishes on September 9. Currently, it has a top bid of $4.5 million just a couple hours after starting, with 42 total bids as of this writing. Sotheby's accepts cryptocurrency payments along with traditional fiat currency options. It's official. For the first time in our 277-year history, apes and kennels are storming Sotheby's. The @BoredApeYC sale starts September 2. Ape In. pic.twitter.com/oMJUKT4xoC — Sotheby's (@Sothebys) August 28, 2021 An NFT acts like a deed of ownership to a digital item, and randomly-generated profile pictures sets like the Mutant Apes have been especially popular of late. The auction also includes six "mutant serum" NFTs that transform into Mutant Ape Yacht Club images, which create a variant version of the Bored Ape NFT to which it's applied. The Mutant Ape collection launched on Saturday, providing all existing Bored Ape NFT holders with a free serum to create the additional NFT. Furthermore, Yuga Labs sold 10,000 Mutant Ape NFTs to new buyers, generating an additional $96 million worth of ETH in a single hour. The Bored Ape Yacht Club auction isn't the only one that Yuga Labs is offering through Sotheby's right now, either. There is a separate auction for 101 Bored Ape Kennel Club NFTs, which are previous companion NFTs provided free to Bored Ape owners. The lot is expected to fetch between $1.5 million and $2 million, and has a current top bid of $420,000. In addition to viewing the auction contents on the Sotheby's website, there is also a virtual gallery in Decentraland, an Ethereum-based online metaverse. Users can freely explore the space alongside other Decentraland players and see the Bored Apes images on the walls. Bored Ape #7090 was purchased for 600.0 ETH https://t.co/foUfbPxS4a — boredapebot (@boredapebot) September 2, 2021 Separate from the Sotheby's sale, the Bored Ape Yacht Club achieved a new single-NFT sale record this morning, with a Bored Ape selling on NFT market OpenSea for 600 ETH, or about $2.25 million. Three-time NBA champion Stephen Curry purchased a Bored Ape NFT last weekend for $180,000 worth of ETH, making him one of several professional athletes to join the club. Even Arizona Iced Tea purchased one last month, although Yuga Labs clarified to Decrypt that the drink brand used the Bored Apes branding in an "inappropriate" manner. These Are the NBA, NFL Stars In Bored Apes, CryptoPunks and Other Ethereum NFTs The entire Bored Ape Yacht Club collection has now generated more than $400 million of trading volume since launching in late April, according to CryptoSlam. Meanwhile, the Mutant Ape Yacht Club has already generated more than $204 million of trading volume in less than a week, while the Bored Ape Kennel Club has passed $78 million in total volume since June. The wider NFT market has seen a resurgence over the last month-plus, skyrocketing from an early summer lull to set apparent new records for trading volume. OpenSea alone generated more than $3.4 billion in Ethereum trading volume over the course of August. Ethereum-based game Axie Infinity spawned $845 million in trading volume during that span, according to CryptoSlam, while CryptoPunks hit $678 million and Art Blocks passed $583 million. The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice. Source: Decrypt.co Crypto Breaking News | September 2, 2021 at 8:09 pm | Categories: News | URL: https://wp.me/papzAO-p6J Comment    See all comments Unsubscribe to no longer receive posts from Crypto Breaking News. Change your email settings at Manage Subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://cryptobreaking.com/sothebys-kicks-off-bored-ape-nfts-auction-bids-soar-to-4-5-million/

Crypto Breaking News posted: "As Bitcoin retests the $50k price level, on-chain indicators seem to be aligned so that they suggest the coin might explode upwards soon. Bitcoin Indicators May Be Showing A Calm Before The Storm As pointed out by a CryptoQuant post, Bitcoin indicators se" New post on Crypto Breaking News As Bitcoin Breaks $50k, Indicators Show A Calm Before The Storm by Crypto Breaking News As Bitcoin retests the $50k price level, on-chain indicators seem to be aligned so that they suggest the coin might explode upwards soon. Bitcoin Indicators May Be Showing A Calm Before The Storm As pointed out by a CryptoQuant post, Bitcoin indicators seem to be showing some interesting values right now. Some of these even look similar to the build up to the late 2020/early 2021 rally that lead to the all-time-high (ATH). Here is a quick explanation (along with the data) of the three relevant metrics the chart talks about: The transactions count indicator shows the average number of transactions happening per block on the Bitcoin network. The below chart showcases how its value has changed recently: The BTC transactions count seems to be going up | Source: Blockchain.com As the above graph shows, the value of the metric has shot up recently. This is usually a positive sign for an upside. Related Reading | Mid-Cap Altcoins Crushed Bitcoin And Ethereum In August The second metric, the mean tokens transferred, shows the average amount of coins transferred on the BTC chain. And the last one, the transaction fees, is pretty self-explanatory. Here is a chart explaining the trends in these indicators: The various Bitcoin chain metrics | Source: CryptoQuant  Looking at the graph, two things appear clear. The mean tokens transferred indicator hit a new ATH of 31 BTC recently. While the transaction fees seems to have gone down and flattened in the past couple of months. Related Reading | Why So Bearish? Fidelity Suggests Bitcoin Price Could Rise To $100 Million Also, as the chart shows, these two trends look similar to how they did during the lead up to the bull rally that helped BTC make a new ATH. If there is any pattern here, it looks like this might be the calm before the storm as Bitcoin could make large moves upwards soon. The fact that the crypto has shot up and broken $50k quickly might already support this. BTC Price At the time of writing, Bitcoin's price is around $50k, up 6% in the last 7 days. Monthly gains for the cryptocurrency are around 30%. Here is a chart that shows how the value of the coin has changed over the last three months: BTC's price gains sudden upwards trend | Source: BTCUSD on TradingView Over the past few days, it looked as though Bitcoin's downtrend would continue for a while at least, but today the coin's price sharply spiked up as it finally retested $50k again. It remains to be seen if the crypto can keep the momentum up, but if the above indicators are anything to go by, signs seem to be bullish for BTC in the long term. Featured image from Unsplash.com, charts from TradingView.com, CryptoQuant.com, Blockchain.com Source: NewsBTC.com Crypto Breaking News | September 2, 2021 at 8:00 pm | Categories: Bitcoin, News | URL: https://wp.me/papzAO-p6H Unsubscribe to no longer receive posts from Crypto Breaking News. Change your email settings at Manage Subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://cryptobreaking.com/as-bitcoin-breaks-50k-indicators-show-a-calm-before-the-storm/

Crypto Breaking News posted: "A recently published report that went viral across social media details how a former U.S. Marine, Stephen Lara, was pulled over by police and was suspected of being a drug trafficker. Police then searched Lara's vehicle and subsequently took $87,00" New post on Crypto Breaking News Legalized Theft: Police Seize $87,000 From Former Marine but Don't Charge Him With a Crime by Crypto Breaking News A recently published report that went viral across social media details how a former U.S. Marine, Stephen Lara, was pulled over by police and was suspected of being a drug trafficker. Police then searched Lara's vehicle and subsequently took $87,000 in cash from a bag kept in Lara's trunk. Lara, who also had a stack of automated teller machine (ATM) receipts that showed the funds were legitimate, said "I could not believe that I had just been literally robbed on the side of the road by people with badges and guns." Policing for Profit — DEA and Nevada Police Leverage Controversial 'Adoptive' Forfeiture Scheme to Take Former Marine's $87K in Cash Civil forfeiture has been a problem for a long time in the U.S., as law enforcement has been known to "police for profit" over the last decade. All law enforcement needs to have is the "preponderance of evidence" to seize funds from someone and then leverage the funds for their own use cases. Since the year 2000, it has been estimated that the government has taken at least $68.8 billion and a great majority of the cases find zero criminal activity involved. The police in America don't just take cash, they also are known for seizing large quantities of vehicles, properties, and now even cryptocurrencies. A recent report published by the Washington Post shows how law enforcement seized $87,000 in cash from a former U.S. Marine named Stephen Lara. The former Marine explained he was on his way to see his daughter, driving from Texas to Northern California. Police pulled him over for allegedly driving too close to another vehicle and asked Lara if they could search his vehicle. Lara complied with the search and told the officers he had "a lot of cash" in his car. Former Marine Stephen Lara had $87K in cash taken from him by law enforcement but was not charged with a crime. Law enforcement officials leveraged an adoptive forfeiture scheme to take Lara's money. Law enforcement said the drug-sniffing canine that was on the scene had smelled narcotics on the cash found in Lara's vehicle. Lara's vehicle had zero drugs in it and he was not charged with any crimes. However, the police called a member of the U.S. Drug Enforcement Administration (DEA) to help with the seizure. It meant that the police could take Lara's cash without charging him with a crime. Despite having all the ATM receipts and complying with the officer's search, the state agents took his money. Lara was stunned. Lara told the Washington Post this week: I left there confused. I left there angry. And I could not believe that I had just been literally robbed on the side of the road by people with badges and guns. Government Says It Will Return Lara's Funds, Justin Amash Says 'Adoptive Forfeiture Is Legalized Theft Authorized Through Executive Policy' The government has said it would return Lara's funds but it was only after he hired an attorney and contacted the media. At first, the U.S. Justice Department, DEA, and Nevada Highway Patrol declined to comment on Lara's story. However, after the news broke a spokesperson from the DEA said Lara's money will be returned and that the DEA is "reviewing existing policy on adoptive forfeitures." The news of Lara's civil forfeiture story made headlines everywhere and went viral on social media. The American attorney and U.S. representative for Michigan's 3rd congressional district from 2011 to 2021, Justin Amash, also spoke out against the government's actions against the former Marine. Amash said president Joe Biden could end the horrible practices tied to civil forfeiture easily. "President Biden continues Donald Trump's abusive and unjust civil asset forfeiture policy known as 'adoptive' forfeiture," Amash said. "It's legalized theft authorized through executive policy. Biden could end it with a phone call. It needs to end now." What do you think about Stephen Lara getting his $87K taken by the Nevada Highway Patrol and the DEA? Let us know what you think about this subject in the comments section below. Source: Bitcoin.com Crypto Breaking News | September 2, 2021 at 7:00 pm | Categories: News | URL: https://wp.me/papzAO-p6D Unsubscribe to no longer receive posts from Crypto Breaking News. Change your email settings at Manage Subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://cryptobreaking.com/legalized-theft-police-seize-87000-from-former-marine-but-dont-charge-him-with-a-crime/

Crypto Breaking News posted: "On a strong bullish momentum, Ethereum records a 17% profit in the past week trading north of its levels before May's crash. At the time of writing, ETH stands at $3,782 with a 6.7% profit in the daily chart. ETH on a rally in the daily chart. Source: ETH" New post on Crypto Breaking News Only In Crypto: A Croissant Breaks Down How GameStop & NFTs Will Boost Ethereum by Crypto Breaking News On a strong bullish momentum, Ethereum records a 17% profit in the past week trading north of its levels before May's crash. At the time of writing, ETH stands at $3,782 with a 6.7% profit in the daily chart. ETH on a rally in the daily chart. Source: ETHUSD Tradingview The second cryptocurrency by market cap has been outperforming Bitcoin. The price of BTC seems stuck in the $48,000 to $52,000 range and, should it sustain these levels, ETH could continue to benefit in the short term. Investment firm Delphi Digital claimed that ETH has broken out of a "Multi-year long-term wedge", as seen in the chart below. Since funding rates across derivates are low, the firm expects Ethereum to push further into its previous all-time highs. Source: Delphi Digital via Twitter Pseudonym analyst CroissantETH has found evidence that suggests a potential new bullish catalyzer event for Ethereum. This theory is supported by GameStop (GME) launching their NFT platform back in July 2021. GameStop and AME Entertainment (AMC) were the companies that saw a massive rise in their stocks' prices as a large inflow of retail investors bought it in 2020. Now, GameStop is trying to preserve its newly acquired value. They are trying to become the "Amazon of Gaming". Therefore, why the company is integrating Ethereum based NFTs. The Croissant expects that GME will "onboard millions of users to the network this way". The analyst added: Even more interestingly though, is just how seriously they are taking this next step… As said by the Principal Engineer of GameStop, they are aiming to become the "bridge between the old and the new — traditional "legacy" ecommerce and the next generation of blockchain." To achieve its goal, GameStop has hired "highly skilled smart contract developers", such as a SushiSwap contributor "foobar". The company could use a non-custodial solution called Hodlberg Financial, user-friendly and low cost in terms of transaction fees. Hodlberg Financial. Hodlberg is a non custodial solution which allows users to attest cryptocurrency wallet balances into a single, convenient token. It can also save tons on gas costs via message signing This design could be particularly useful for GameStop… 👀 pic.twitter.com/KVjtIImwR7 — croissant (@CroissantEth) September 1, 2021 GameStop Turns To Ethereum To Evolve At the high of the GME and AME mania, the most useful platform to trade these stocks, RobinHood, restricted users from buying and selling them. The Croissant believes that GameStop has turned to Ethereum due to that incident. The company knows its shareholder-based, young people with a potential taste for cryptocurrencies and digital assets, and it's trying to harvest that as part of its strategy. This is why it has been consolidating partnerships with Hasbro, Xbox, and possibly e-sports teams. The new advancements in the ENS sector with the integration of DNS, the Croissant said, will bring more corporate adoption of NFTS. Therefore, it will create a new opportunity for GameStop and Ethereum: (…) the result of what I've described & the opportunities it creates are endless. It'll bring millions of eyes to $ETH with even big companies being able to easily deploy their intellectual property in a verifiable, *understandable* manner. This is huge. The gaming industry, as proven by the Axie Infinity case, could greatly benefit from NFTs, digital ownership, and the play-to-earn model. NFTs could be the answer for content creators, and for consumers, and a powerful bridge for Ethereum to enter the mainstream: (…) you all can tell that GameStop is preparing to take the gaming industry by storm with NFTs on $ETH. Both the gaming and blockchain ecosystems go hand in hand, and they are not the only ones who see it coming. Related Reading | New To Bitcoin? Learn To Trade Crypto With The NewsBTC Trading Course Source: NewsBTC.com Crypto Breaking News | September 2, 2021 at 7:00 pm | Categories: Ethereum, News | URL: https://wp.me/papzAO-p6F Unsubscribe to no longer receive posts from Crypto Breaking News. Change your email settings at Manage Subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://cryptobreaking.com/only-in-crypto-a-croissant-breaks-down-how-gamestop-nfts-will-boost-ethereum/

Crypto Breaking News posted: "Two bills aimed at furthering the adoption of cryptocurrencies and blockchain are now law in the state of Texas.Texas House Bills 4474 and 1576, passed by both chambers in the state legislature in May and signed into law by Governor Greg Abbott in June, o" New post on Crypto Breaking News Cryptocurrencies now legally recognized under commercial law in Texas by Crypto Breaking News Two bills aimed at furthering the adoption of cryptocurrencies and blockchain are now law in the state of Texas. Texas House Bills 4474 and 1576, passed by both chambers in the state legislature in May and signed into law by Governor Greg Abbott in June, officially took effect on Sept. 1. H.B. 1576 establishes a blockchain working group in Texas, while H.B. 4474 amends the state's Uniform Commercial Code to recognize cryptocurrencies under commercial law. Lee Bratcher, president of the Texas Blockchain Council, told Cointelegraph that H.B. 4474 better defines the security interests for Bitcoin (BTC) and other cryptocurrencies to "allow institutional investors to get involved with sizable investments." He added that the Texas Banking Commissioner and the Texas Department of Banking announced in June that banks with a state charter can custody cryptocurrencies under certain circumstances. "This is positive for crypto generally because Texas became the 4th U.S. state, behind Wyoming, Rhode Island and Nebraska, to clarify the commercial law status of these assets," Wyoming-based crypto proponent Caitlin Long told Cointelegraph. "This means parties to transactions have clarity regarding their legal rights and obligations, judges have a roadmap to adjudicate disputes, and lenders know they have an enforceable lien on the crypto pledged as collateral for collateralized loans." The Texas Blockchain Council president told Cointelegraph in March that Texas adapting commercial law to blockchain innovation and digital asset regulations could bring the state more in line with Wyoming, which has a Digital Asset Law which went into effect in July 2019. Governor Abbott has also previously described himself as a "crypto law proposal supporter" — specifically referencing H.B. 4474 — and seemed to encourage crypto mining firms to operate in Texas. Related: Crypto cowboys: Texas counties welcome Bitcoin miners with open arms Following China cracking down on many crypto mining operations, some BTC miners have set up shop in Texas — the state is currently home to BlockCap, Riot Blockchain, and others. In addition, major supermarket chain H-E-B announced in June it would be installing crypto ATMs for its Texas stores. Source: Cointelegraph.com Crypto Breaking News | September 2, 2021 at 6:35 pm | Categories: News | URL: https://wp.me/papzAO-p6B Comment    See all comments Unsubscribe to no longer receive posts from Crypto Breaking News. Change your email settings at Manage Subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://cryptobreaking.com/cryptocurrencies-now-legally-recognized-under-commercial-law-in-texas/

Crypto Breaking News posted: "Bitcoin price is back at $50,000 and until either support at $30,000 is broken to the downside or a new all-time high is set, the direction of the market won't be as distinguishable. Fundamentally, the network continues to grow, and sentiment remains high" New post on Crypto Breaking News Five Bitcoin Price Charts That Suggest Bulls Have Little To Fear by Crypto Breaking News Bitcoin price is back at $50,000 and until either support at $30,000 is broken to the downside or a new all-time high is set, the direction of the market won't be as distinguishable. Fundamentally, the network continues to grow, and sentiment remains high surrounding the cryptocurrency space. Better yet for bulls, here are five outrageously bullish charts filled with technical signals that suggest that bulls have very little fear about what could come in the months ahead. Five Bitcoin Price Charts Supporting New ATHs Weekly RSI is holding in the bull zone | Source: BTCUSD on TradingView.com To begin with the easiest chart to read, we'll present the weekly Relative Strength Index. The current leading cryptocurrency by market cap just reclaimed the de-facto line in the sand between a bull phase and bear phase. For those looking for evidence of a bear market, you won't find it on the chart above. After the peak was put in December 2017, Bitcoin price immediately plummeted below the line to kickstart the most recent bear market. The weekly RSI is back holding above this line – which following the December 2013 peak was lost and a bear market began. Parabolic SAR and Elliott Wave support further upside | Source: BTCUSD on TradingView.com The weekly LMACD has also recently flipped bullish, but the comparisons to previous bull markets aren't as immediate apparent. If anything, there are more similarities with the 2013 cycle versus 2017, where the indicator never fell below the zero line after moving above it. Bitcoin price action currently has pushed momentum back above the zero line and is currently crossed bullish. Related Reading | Proof-of-Work: Bitcoin Back Programs That Put Your Money To Work For You A parabolic curve supports the price action in all examples above and below. Also in the chart directly below, the Ichimoku shows that during past bearish phases, Bitcoin price action sliced through a steep and thin cloud, while price action today is well above the cloud on weekly timeframes. BTCUSD is well above the cloud | Source: BTCUSD on TradingView.com Another bullish impulse would cause yet another steep rise in the cloud, which the cryptocurrency could later cut through to begin the next bearish cycle. But that is likely still plenty of weeks away according to the indicator. Not everything is rosy, however, according to the Ichimoku. Bitcoin is currently above the baseline (Kijun-Sen) and conversion line (Tenken-Sen), but the two lines are still crossed bearish. A bull cross driven by another impulse could do the trick. The Bollinger Bands are curling upward while above the middle-SMA | Source: BTCUSD on TradingView.com The Bollinger Bands on weekly timeframes also hint another bullish impulse could soon be coming. Prior to past impulses, the bottom bands curled upward, before expanding in both directions with price action passing the middle-SMA then riding the upper band to local highs. Another ride up the bands after a third major bullish impulse might be the final trip to the final bull market peak. Elliott Wave International recently shared a video discussing Bitcoin and a potential fifth wave brewing. Packaged with the video was a detailed explanation of the study where Elliott Wave Theory was compared to a "roadmap" that could potentially be followed. Parabolic SAR and Elliott Wave support further upside | Source: BTCUSD on TradingView.com If Bitcoin price really is finishing up a corrective wave four and about to enter a wave five impulse, it would be the grand finale for this cycle. For added measure, the Parabolic SAR is turned on, highlighted in green for the sake of showing a new uptrend could be in its early stages. But the real meat and potatoes of the chart are the waves and their structure. Drawn from where Bitcoin broke down to bear market lows to across both major local highs since the bottom was put in, we have a potential target for where a wave five might end. According to Elliott Wave Theory,  wave two and four alternate in length and severity, and the third wave is typically the longest, strongest, and easiest to recognize. Related Reading | New To Bitcoin? Learn To Trade Crypto With The NewsBTC Trading Course Wave five is usually around the same length in power and duration as the first wave – and also just so happens to line up with the previous mid-cycle pullbacks. If accurate, the cryptocurrency could run around 325% or higher from the bottom around $30,000 and bring the high of this cycle to around $125,000 to $150,000 per BTC. Fifth waves can extend, however, and match or even exceed the length of a wave three, so truly any outcome is possible with an asset with this much potential application. Follow @TonySpilotroBTC on Twitter or via the TonyTradesBTC Telegram. Content is educational and should not be considered investment advice. Featured image from iStockPhoto, Charts from TradingView.com Source: NewsBTC.com Crypto Breaking News | September 2, 2021 at 6:17 pm | Categories: Bitcoin, News | URL: https://wp.me/papzAO-p6z Unsubscribe to no longer receive posts from Crypto Breaking News. 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Crypto Breaking News posted: "One of the most important factors in the long-term success of a blockchain platform is having an active community of supporters and developers that work to showcase the capabilities of the network by creating new products and interacting with projects on " New post on Crypto Breaking News NFT projects and high yield opportunities back Zilliqa's strong rebound by Crypto Breaking News One of the most important factors in the long-term success of a blockchain platform is having an active community of supporters and developers that work to showcase the capabilities of the network by creating new products and interacting with projects on the protocol.  Zilliqa (ZIL) is one project that saw its price surge throughout August as developers built out its ecosystem and made improvements to the protocol. Data from Cointelegraph Markets Pro and TradingView shows that after hitting a low of $0.05 on July 20, the price of ZIL proceeded to rally 145% to an swing high at $0.1244 on Aug. 24 ZIL/USDT 4-hour chart. Source: TradingView Three reasons for the bullish momentum seen in ZIL include a rapidly growing ecosystem that is attracting new participants, the launch of nonfungible token (NFT) projects on the network,and attractive staking and decentralized finance opportunities that remove tokens from the circulating supply. A rapidly expanding ecosystem The most recent quarterly report from Zilliqa shows that the project's ecosystem now has more than 180 partners and projects building on the network and this shows that there is significant interest in the capabilities of the protocol. Zilliqa ecosystem. Source: Zilliqa As the ecosystem grows, the number of new users as determined by new wallet addresses has continued to increase by an average of 150,000 addresses per month. Every token holder a user Based on address growth stats, it seems we're on track to do this! This year alone, we've seen parabolic growth in April and a steady 150k+ new addresses each month since. Utility The 12% with ZIL on a CEX, why aren't you using your ZIL yet? - KT pic.twitter.com/H2s2xz9BJr — Zilliqa (@zilliqa) August 16, 2021 NFTs excite the community A second reason for the uptick in ZIL price is the launch of NFT projects on the network. #Zilliqa #zil #unicutes #NFT pic.twitter.com/eGNbYcN7DZ — Unicutes (@unicutes) September 1, 2021 The NFT sector dominated headlines all throughout August and transaction volumes on platforms like OpenSea surged to a record $3 billion. High fees on the Ethereum network also have forced crypto users to migrate to competing networks that offer decentralized finance (DeFi) and NFT trading in a lower-cost environment. Some of the existing and soon-to-be-launched NFT and gaming protocols on Zilliqa include Unicuties, DeMons, Heroes of Lowhelm and Blox. Related: Evrynet's $7M raise highlights institutional appetite for DeFi DeFi and staking features decrease ZIL's circulating supply Another reason for the rising strength seen in Zilliqa is its growing DeFi ecosystem and attractive staking rewards that offer high yield returns for users. ZilSwap, the network's dominant decentralized exchange, has more than $61 million locked in its protocol and it regularly engages the community through governance votes aimed at improving the reward structure, liquidity and volumes. 1/ LIP-9 PASSED It was a tight race to the very end, but we greatly appreciate all our community members for participating in this vote! The formula proposed in LIP-9 was designed to benefit $ZWAP holders long-term. ⬆️Liquidity and volume = ⬆️ Fees earned for $ZWAP holders pic.twitter.com/SypQbOaI9G — ZilSwap (@ZilSwap) August 23, 2021 ZIL token holders can also stake their tokens on the network and earn 12.79% APY and according to Zilliqa, 34.22% of the circulating supply is currently being staked on the network. According to the most recent quarterly report, 14% of 'tradable' ZIL is locked up in DeFi, leaving 51.2% of the available supply in circulation. The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision. Source: Cointelegraph.com Crypto Breaking News | September 2, 2021 at 6:05 pm | Categories: News | URL: https://wp.me/papzAO-p6s Comment    See all comments Unsubscribe to no longer receive posts from Crypto Breaking News. Change your email settings at Manage Subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://cryptobreaking.com/nft-projects-and-high-yield-opportunities-back-zilliqas-strong-rebound/

Crypto Breaking News posted: "The Legislative Assembly of El Salvador has issued legislation on the approval of a $150 million Bitcoin Trust. In addition, they passed legislation supporting crypto services and infrastructure development across the entire country. They passed the bill " New post on Crypto Breaking News El Salvador's Legislative Assembly Green Lights The $150 Million Bitcoin Trust by Crypto Breaking News The Legislative Assembly of El Salvador has issued legislation on the approval of a $150 million Bitcoin Trust. In addition, they passed legislation supporting crypto services and infrastructure development across the entire country. They passed the bill on August 31, and 64 officials voted in support, while 14 opposed the creation of the Bitcoin Trust. The Trust aims to enhance BTC to U.S. Dollars conversion and support the essential technological infrastructure. This will enable the widespread adoption of digital assets. Related Reading | Former DigitalX Executive Appointed As The New Binance Australia CEO The government of El Salvador has mapped out $23.3 million for establishing crypto ATMs. They have also set aside $30 million for incentivizing the use of Chivo, the state-backed wallet. Bitcoin To Be Used As Legal Tender The news came just a week preceding the set implementation time for the controversial Bitcoin law of the country. The legislation will recognize BTC as legal tender across the Country by Sept. 7. The country currently uses U.S. dollars as legal tender. Bandesal, the Development Bank of  El Salvador's was appointed to manage the Bitcoin Trust operation. El Salvador plans to redirect the $150 million from their $500 million loans with (CABEI)Central American Bank for Economic Integration. They took the CABEI loan for economic recovery for medium and small-scale businesses. In addition, the government will channel $23.3 million of the funds to support the establishment of government-approved crypto ATMs. This will allow the residents to exchange Bitcoin for USD and verse versa. Moreso, $30 million was also mapped out for incentivizing the citizens to continue adopting Chivo, the Government's digital wallet. Statement From The President President Nayib Bukele announced that the government would airdrop $30  Bitcoin to all Salvadoran adults who download Chivo wallet. He added that the country's population is 6.5 million, which is high enough. This suggests two things; the first is that the government thinks Bitcoin adoption will be less. The second option is that they are yet to allocate enough Bitcoin that will go round. Related Reading | Cream Finance Plans To Repay The Stolen Funds To Its Users Today in related news, Koibanx announced that it signed an agreement with the El Salvador government on cryptocurrency infrastructure. The deal is to develop the county's infrastructure on digital currency with Algorand's open-source blockchain. Many citizens of El Salvador, including people from international organizations, have been skeptical about El Salvador's Bitcoin Law. The law has also witnessed some critics too. BTC is on the verge of breaking the $50K barrier | Source: BTCUSD on TradingView.com Maria Luisa Hayém Brevé, the country's Minister of Economy, has stated that the government focuses on crypto education. She added that they use crypto incentives to complement the high rate of uncertainty among their population. Featured image from Pixabay, chart from TradingView.com Source: NewsBTC.com Crypto Breaking News | September 2, 2021 at 6:03 pm | Categories: Bitcoin, News | URL: https://wp.me/papzAO-p6w Unsubscribe to no longer receive posts from Crypto Breaking News. Change your email settings at Manage Subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://cryptobreaking.com/el-salvadors-legislative-assembly-green-lights-the-150-million-bitcoin-trust/

Crypto Breaking News posted: "Bitcoin has been subject to a number of predictions as it nears the fourth quarter of the year. The price of the digital asset is still up at this point, and investors are expecting the run to continue. While it is still not sure when the coin might break" New post on Crypto Breaking News Market Analyst Sees Bitcoin Peaking At $100,000 By Year-End by Crypto Breaking News Bitcoin has been subject to a number of predictions as it nears the fourth quarter of the year. The price of the digital asset is still up at this point, and investors are expecting the run to continue. While it is still not sure when the coin might break its previous all-time high again, experts are expecting the digital asset to 2X or more from this point. Among the analysts that believe bitcoin is destined for $100,000 by end of the year is market analyst Kevin Wadsworth. Related Reading | Ex-Goldman Exec And Real Vision Founder Puts Ethereum Value At $20,000 By March 2022 Wadsworth is the co-founder of Northstar & Badcharts, a company that provides technical analysis to its customers. The co-founder was on Kitco News to talk about cryptocurrencies with news anchor David Lin. Here, Wadsworth gave predictions for what he saw for both the short term and long term for bitcoin. A Dip Before The Climb Analyst Kevin Wadsworth explained that while the bull market is not over, it is going to run out before the end of the year. Wadsworth's prediction was that bitcoin would most likely fall before continuing the bull run. Putting the floor of this dip at $40,000 before beginning another run. But this time, the run would lead to new all-time high records for the digital asset. "I think the crypto bull market will conclude before the end of the year. All the crypto charts I've been drawing and looking at vary a little bit in timing between the third week of September and some of them perhaps into mid-October or even late October. So there's this sort of four-week window there between late September and late October where I'd be looking for the crypto bull market to reach its peak." BTC price still trading less than $50,000 | Source: BTCUSD on TradingView.com Wadsworth puts the price of bitcoin at $100,000 by the time it reaches its peak. Adding that going up above $100,000 would be a bonus generally for the market. In addition to BTC hitting this price, he predicted that the rest of the altcoin market is most likely to follow with significant gains. Bullish On Bitcoin Long Term Kevin Wadsworth made an interesting revelation with regards to bitcoin in five years. Wadsworth explained that his company's analysis of the digital assets leads them to believe that the price of BTC is set to surge to $1 million in the next fours years. He puts the year for achieving this price at 202 for bitcoin. While adding that his company's analysis possesses a success rate of 90%-95% with such predictions. Related Reading | Billionaire Who Predicted 2008 Housing Crash Says Bitcoin Is "Worthless" Wadsworth added that while he was bullish, he was also cautious. Referring to his stand as "cautiously bullish." And with bitcoin's movement, the co-founder expects altcoins to also surge. "If we get to $100K, I expect the altcoins, Ethereum and the rest, to triple and quadruple," said Wadsworth. Featured image from Financial Times, chart from TradingView.com Source: NewsBTC.com Crypto Breaking News | September 2, 2021 at 6:00 pm | Categories: Bitcoin, News | URL: https://wp.me/papzAO-p6y Unsubscribe to no longer receive posts from Crypto Breaking News. Change your email settings at Manage Subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://cryptobreaking.com/market-analyst-sees-bitcoin-peaking-at-100000-by-year-end/

Crypto Breaking News posted: "As part of its ongoing decentralization efforts, non-custodial cryptocurrency exchange ShapeShift announced Thursday that it has open-sourced the code of its upcoming version two platform, giving developers the opportunity to contribute to the iteration p" New post on Crypto Breaking News ShapeShift open-sources its upcoming version 2 platform code by Crypto Breaking News As part of its ongoing decentralization efforts, non-custodial cryptocurrency exchange ShapeShift announced Thursday that it has open-sourced the code of its upcoming version two platform, giving developers the opportunity to contribute to the iteration process.  ShapeShift's v2 code repository is now available on Github, making it easier for developers to download it to their local drives. "This is a great step in our ongoing efforts to open source and involve the community in iterating on the first comprehensive, multichain, community-built interface," said Josh Foreman, engineering workstream lead for ShapeShift DAO. The company also announced that open-source developers can attend biweekly community calls held on ShapeShift's Discord channel. The meetings will feature demos and discussions related to various product engineering topics. Related: Algorithmic stablecoins show promise of reducing volatility — ShapeShift ShapeShift is in the process of dissolving its corporate structure and fully decentralizing its operations as part of a pledge to create an open, immutable organization. As part of that process, the company announced plans to airdrop 340 million of its native FOX tokens. Over 1 million users are eligible for the airdrop. Decentralization has been a driving force of the blockchain revolution ever since Bitcoin's (BTC) pseudonymous creator Satoshi Nakamoto proposed a decentralized approach to transactions. Some of Bitcoin's most ardent proponents — dubbed "Bitcoin maximalists" by the community — argue that no other cryptocurrency has achieved a level of decentralization near that of BTC. Related: Erik Voorhees lashes 'disgusting' behavior of Bitcoin maxis: 'Not the community I come from' Although not every crypto-based project requires a decentralized value proposition to drive adoption, decentralization is viewed as a solution to many of the perils of centralized systems. Decentralization is therefore seen as both a philosophical approach and a technical solution. Source: Cointelegraph.com Crypto Breaking News | September 2, 2021 at 6:00 pm | Categories: News | URL: https://wp.me/papzAO-p6u Comment    See all comments Unsubscribe to no longer receive posts from Crypto Breaking News. Change your email settings at Manage Subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://cryptobreaking.com/shapeshift-open-sources-its-upcoming-version-2-platform-code/

Crypto Breaking News posted: "Since it was launched in 2015, Ethereum has given the world use cases in gaming, identity management, decentralized finance (DeFi), and much more. But the use case co-founder Vitalik Buterin is most surprised by is non-fungible tokens (NFTs), which have e" New post on Crypto Breaking News Ethereum's Most Surprising Use Case? Vitalik Buterin Says NFTs by Crypto Breaking News Since it was launched in 2015, Ethereum has given the world use cases in gaming, identity management, decentralized finance (DeFi), and much more. But the use case co-founder Vitalik Buterin is most surprised by is non-fungible tokens (NFTs), which have enjoyed spectacular success this year.  NFTs. — vitalik.eth (@VitalikButerin) September 2, 2021 Taylor Monehan, founder of Ethereum wallet, MyCrypto asked Buterin "Which (Ethereum) use-case has surprised you most?" during an ask-me-anything (AMA) with the young founder—one in which only his Twitter followers could participate.  He replied: "NFTs." He didn't elaborate but has spoken about the runaway success of the NFT industry before, and its role in accelerating the adoption of Ethereum, which has seen gains of 20% this week.  "People have talked about the DeFi space a lot, and NFTs, as just something that's really managed to break out into the mainstream and get a lot of people interested," he said during Decrypt's Ethereal Summit in May. The rise and rise of NFT culture  NFTs are cryptographically unique tokens that can be linked to digital content such as images and music.  Opensea, the leading NFT marketplace, has logged more than $3 billion in trading volume so far in August, and set a new daily record this week, as NFTs have continued to explode into the mainstream. Opensea's August trading volume alone has already beaten the Q2 sales value for Etsy, the marketplace popular with crafters and DIY artisans. Brands and celebrities have been launching their own NFTs, while multi-million dollar digital art sales have grabbed headlines, and profile picture collections, generative artwork, and interactive video game items have all been launched.  Bored Ape Yacht Club Sells $96 Million of Mutant Ape NFTs in One Hour There's a "speculative aspect" to NFTs, Buterin conceded, but he enthused about their potential to "allow groups of people who before had no business model at all, to finally have a business model of some kind for the first time." That could include creators, artists, and even charities, he added. "Things like that can be used as a way to make some interactions happen that just could not happen before." But, during the AMA session, some of the questions Buterin was asked hinted at the challenges exposed by some of these new ways of working.  "People are harder to tightly coordinate in small groups than I expected," he said, speaking about the experience of co-founding Ethereum. "You can't just get everyone to sit around in a circle, see each other's inherent goodness and get along, especially when huge incentive conflicts are at play." Who are Ethereum's co-founders and where are they now?  He was also asked about his biggest regret and answered that it was choosing Ethereum's eight cofounders "so quickly and nondiscriminately [sic]." One of those cofounders was Charles Hoskinson, who was subsequently ousted from the group and went on to found rival blockchain Cardano.  The platform's cryptocurrency ADA has stormed up the crypto cap tables this year, and set a new all-time high this week, as Cardano prepares to launch its own smart contracts. But Buterin's not finished yet, and the Twitter thread, which contains his thoughts and plans on the future makes for interesting reading. Source: Decrypt.co Crypto Breaking News | September 2, 2021 at 5:36 pm | Categories: News | URL: https://wp.me/papzAO-p6q Comment    See all comments Unsubscribe to no longer receive posts from Crypto Breaking News. Change your email settings at Manage Subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://cryptobreaking.com/ethereums-most-surprising-use-case-vitalik-buterin-says-nfts/

Crypto Breaking News posted: "Over the last few weeks, Americans have read about the U.S. Internal Revenue Service (IRS) upping its tax enforcement to catch cryptocurrency users who have not paid taxes. According to one report, the IRS may get access to bank inflows and outflows via J" New post on Crypto Breaking News IRS Agent Poses as Bitcoin Trader Called 'Mr. Coins,' Biden's IRS Wants 'Outflow and Inflow' Data From Banks by Crypto Breaking News Over the last few weeks, Americans have read about the U.S. Internal Revenue Service (IRS) upping its tax enforcement to catch cryptocurrency users who have not paid taxes. According to one report, the IRS may get access to bank inflows and outflows via Joe Biden's American Families Plan. On top of this, another story explains how an IRS agent posed as a bitcoin trader called "Mr. Coins" on the peer-to-peer (P2P) marketplace Localcryptos.com in a $180K sting operation. America's Tax Agency Is Stepping Up Enforcement via Biden's American Families Plan The IRS has been stepping up enforcement against tax evaders and has recently been specifically focused on cryptocurrency transfers. This past April, Forbes contributor Guinevere Moore published a report on how U.S. President Biden's "American Families Plan" aims to increase IRS enforcement. Essentially, Moore details that America's financial institutions have always had to report capital gains to the IRS, but under Biden's plan banks are required to "aggregate account outflows and inflows." Two days ago, Bitcoin.com News reported on how the Biden administration is pushing for global crypto data sharing rules in the $3.5 trillion budget bill. At the end of July, the IRS also modified the digital currency question as the tax agency is more focused on finding taxable crypto transfers. IRS Agent Goes Undercover as 'Mr. Coins' Additionally, the IRS has been actively engaged in sting operations and Forbes associate editor, Thomas Brewster, explained on September 1, how an IRS agent went undercover in a $180K sting operation last year. Brewster said the publication reviewed a search warrant that shows an IRS agent called himself "Mr. Coins" on the P2P marketplace Localcryptos.com. According to the report, Mr. Coins went undercover to bust a darknet market (DNM) drug dealer and conned him into trading $180K in cash for digital assets. Mr. Coins communicated with people via Whatsapp and Wickr and Brewster details that Mr. Coins had a 100% positive feedback rating on the P2P trading platform. The DNM dealer was arrested in July and the report details that no plea has been filed to-date. The suspect's lawyer, Localcryptos.com, and the IRS all declined to comment on the matter, Brewster said. The charges were filed in the Eastern District of New York and allegedly the suspect was involved with cocaine, cannabis, and "pills and opioids." What do you think about the IRS upping its enforcement against tax evaders and the Mr. Coins sting operation? Let us know what you think about this subject in the comments section below. Source: Bitcoin.com Crypto Breaking News | September 2, 2021 at 5:30 pm | Categories: News | URL: https://wp.me/papzAO-p6o Unsubscribe to no longer receive posts from Crypto Breaking News. Change your email settings at Manage Subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://cryptobreaking.com/irs-agent-poses-as-bitcoin-trader-called-mr-coins-bidens-irs-wants-outflow-and-inflow-data-from-banks/

Crypto Breaking News posted: "Pransky, a prominent non-fungible token (NFT) collector, was swindled of 97.7 Ethereum that is worth about $341,500. This happened after the hijack of the website of Banksy, a popular artist, for the promotion of a fake NFT auction. Nevertheless, almost t" New post on Crypto Breaking News NFT Collector Pranksy Tricked By Fake Banksy For Almost 97.7 Ethereum Coins by Crypto Breaking News Pransky, a prominent non-fungible token (NFT) collector, was swindled of 97.7 Ethereum that is worth about $341,500. This happened after the hijack of the website of Banksy, a popular artist, for the promotion of a fake NFT auction. Nevertheless, almost the entire funds have been recovered. On August 31, Pransky identified one of Banksy's official website pages promoting the auction for an NFT on OpenSea, a popular marketplace. Though he disclosed his misgiving for the genuineness of the token, Pransky decided to join in the auction. He placed the highest bid by 87 Ethereum ($304,500) to nearly 100 Ethereum tokens. This bid puts him to be 90% more above all rival bidders in the auction. Related Reading | New To Bitcoin? Learn To Trade Crypto With The NewsBTC Trading Course Usually, artworks are tokenized with NFTs. This helps in creating digital certificates of ownership that can either be sold or bought. The process, however, doesn't leave the buyer with the actual artwork or its copyright. Pransky's bid was accepted with flaws. However, the link to the OpenSea auction was shortly removed from Banksy's website. This prompted the prominent NFT collector to the possibility of the listing being fraudulent. Within just an hour of passing the auction on Twitter, Pransky notified that his bid of 100 ETH was accepted with a link for him. However, the link has been remove from his website, signifying a possible fraud. Nevertheless, he added that it would just be a matter of time to uncover the truth. NFT Collector Pransky Received The Refund In Ethereum However, after few hours, fraudsters returned the funds to Pransky by sending 97.69 Ethereum Coins. The NFT collector expresses his confidence in receiving the refund. He explained that he identified the hacker and followed them on Twitter. Pransky revealed to the BBC that he never expected the refund. He confessed that the hacker's press coverage and being identified and followed on Twitter could have pushed him to refund. Pransky explained that he was notified of the auction by an anonymous individual through his community on Discord's social network. He mentioned that the notification alert came on Monday morning. Pransky suspects that the person who alerted him and others involved in the Banksy NFT sale are potential hackers. Related Reading | Cream Finance Plans To Repay The Stolen Funds To Its Users According to Banksy's associated spokesperson, the artist has no creation of NFT artworks. He further explained that no Banksy NFT auction is affiliated with the artist in any form or shape. However, there's no comment if hackers intersected Banksy's website. Reacting to the whole saga, Cryptochild, a Twitter user, pointed that OpenSea was the debacle sole winner. He mentioned that the platform had carted away with a 2.5% slice of Pransky's huge bid. Featured Image From Pixabay Source: NewsBTC.com Crypto Breaking News | September 2, 2021 at 5:00 pm | Categories: Ethereum, News | URL: https://wp.me/papzAO-p6m Unsubscribe to no longer receive posts from Crypto Breaking News. Change your email settings at Manage Subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://cryptobreaking.com/nft-collector-pranksy-tricked-by-fake-banksy-for-almost-97-7-ethereum-coins/

Crypto Breaking News posted: "Akon, the American R&B superstar, singer, songwriter, and record producer from New Jersey has released a video voicing his support for Polker.game – an up-and-coming Play-to-Earn NFT poker-style game. Polker must have made a real impression on the sta" New post on Crypto Breaking News $PKR Up 250% Over 24hrs As Akon Shouts Out Polker.Game by Crypto Breaking News Akon, the American R&B superstar, singer, songwriter, and record producer from New Jersey has released a video voicing his support for Polker.game – an up-and-coming Play-to-Earn NFT poker-style game. Polker must have made a real impression on the star for him to voice such a positive opinion, possibly as the token soared over 250% in just 24hrs following their CEX listing. Akon rose to fame in 2004 after the release of his album 'Locked Up' and is perhaps most famous for his hit single 'Smack That' featuring Eminem. Akon was even listed in Forbes top 100 most powerful Celebrities. Watch Akon's Video Here. "Shoutout to Polker man, this game is revolutionary, I got a chance to play and wow, a card game experience in 3D, built-in Unreal Engine 4, this is hands down, this is the best play to earn, NFT game in the space." — Akon $PKR Up 250% Over 24hrs! Polker's native token $PKR sky-rocketed on September 1st – Growing over 250% in just 24hrs. This led to Polker being the fourth biggest mover on CMC from all tokens listed. The massive pump in price coincided with their listing on centralized exchange BitMart and doesn't appear to be ending any time soon. With the massive news that Akon supports Polker it appears that Polker.Game's NFT Earn-to-Play Poker platform is going to be the next big name in blockchain gaming. What is Polker.game? Polker.Game has just announced their Play-to-Earn poker platform, a unique and impressive online gaming experience utilizing Unreal Engine 4. The game is available for absolutely anyone to play, for those looking to play a couple of quick hands at a table without wagering any money – then the game is available completely free. Polker.game claims that their focus has always been on community, transparency, fairness, and also on creating a good game – and they have certainly been successful in all aspects with this release. The game focuses on Non-Fungible Tokens (NFTs) and in-game upgrades which become available by winning more hands within the Polker platform. NFTs have been the biggest trend within the blockchain industry so far in 2021, and blockchain gaming is forecasted to be the next. With Polker integrating NFTs and blockchain gaming into its impressive gaming platform it really does seem set to be the next big thing. $PKR & Polker.Game $PKR is the native token of Polker.game and can be used to purchase NFTs, gaming assets like cosmetics, and can be staked with an impressive APR (Forecast of 15% as of August 2021). $PKR isn't required to play Polker due to the play-to-earn nature of the game, however, the token will create a large part of the ecosystem and metaverse in the future. $PKR is cross-chain compatible and currently available on Ethereum (UniSwap) and Binance Smart Chain (PancakeSwap) –  with a Polygon bridge coming soon too. The Future of Polker.game? company with both an international and highly experienced development team. Polker is also only part of the PKR ecosystem, with pkr.io displaying a huge amount of new development and innovation in addition to Polker. With the massive shoutout from Akon and their recent listing of the on BitMart, Polker.game is sure to be making waves within the blockchain gaming and NFT communities. Website | Twitter | Telegram | Telegram Announcements | Facebook | Medium Source: NewsBTC.com Crypto Breaking News | September 2, 2021 at 4:05 pm | Categories: News | URL: https://wp.me/papzAO-p6k Unsubscribe to no longer receive posts from Crypto Breaking News. Change your email settings at Manage Subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://cryptobreaking.com/pkr-up-250-over-24hrs-as-akon-shouts-out-polker-game/

Crypto Breaking News posted: "The overall market capitalization of all 10,000+ digital assets has reached a September high of $2.33 trillion as it has risen over 5% on Thursday. The crypto economy hasn't been at this U.S. dollar value since mid-May or approximately 108 days ago" New post on Crypto Breaking News Crypto Economy Gains 83% in Value Over Last 3 Months, Myriad of Lesser-Known Coins Spike by Crypto Breaking News The overall market capitalization of all 10,000+ digital assets has reached a September high of $2.33 trillion as it has risen over 5% on Thursday. The crypto economy hasn't been at this U.S. dollar value since mid-May or approximately 108 days ago, as the value has increased 83.46% since the crypto economy's low point on July 19 ($1.27 trillion). Crypto Economy Rises 83% in Value, But It Wasnt Due to Bitcoin A lot of money has entered the crypto economy since July 19, and the market capitalization of all the coins in existence today is worth $2.33 trillion. Up more than 5% over the last 24 hours, the crypto economy has not been this valuable in over three months. The last time the crypto economy was in the $2.33 trillion range was May 16, 2021, and prior to that date, it reached an all-time high (ATH) at $2.493 trillion. On July 19, the crypto economy dropped as low as $1.27 trillion and has since gained 83% in value. In fact, the entire crypto economy only needs to gain more than 6.995% to surpass the last record. At the time of writing, bitcoin (BTC) has managed to hold roughly 40.5% of the $2.33 trillion as far as market dominance is concerned. However, ethereum (ETH) has steadily moved up the ladder and now holds 19.1% of the entire crypto economy's value. A Variety of Lesser-Known Crypto Assets Gather Higher Market Dominance Levels But those two leading crypto assets are not the only coins gathering gains and improving dominance levels. BTC's dominance levels have slipped downward from 47% on August 1, 2021, to today's 40.5% dominance. Cardano's (ADA) market valuation represents 4.37% of the entire crypto-economy, while binance coin (BNB) has 3.7% of the $2.33 trillion value today. The world's largest stablecoin by market capitalization, tether (USDT), holds approximately 3.01% of the crypto economy's dollar value. Other notable coin market caps include xrp (XRP) with 2.28% dominance and dogecoin (DOGE) with 1.78% dominance. Alongside this, many other coins have seen massive gains during the last seven days propelling their market caps higher. Ecash, formally Bitcoin ABC (XEC), is up 155.6% this week, arweave (AR) is up 116.7% in seven days, and fantom (FTM) has gained 66.4% this week. Approximately 25 crypto assets this past week have seen double-digit gains above the 10% region. What do you think about the crypto economy's 83% gain since July 19? Let us know what you think about this subject in the comments section below. Source: Bitcoin.com Crypto Breaking News | September 2, 2021 at 4:00 pm | Categories: Binance Coin, Bitcoin, Cardano, Ethereum, News | URL: https://wp.me/papzAO-p6g Unsubscribe to no longer receive posts from Crypto Breaking News. Change your email settings at Manage Subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://cryptobreaking.com/crypto-economy-gains-83-in-value-over-last-3-months-myriad-of-lesser-known-coins-spike/

Crypto Breaking News posted: "XRP price edged higher on Sep. 2 as traders assessed Ripple Labs gaining an edge over the United States Securities and Exchange Commission (SEC) in an ongoing courtroom battle.The XRP/USD exchange rate surged by up to 4.74% to reach $1.296 for the first t" New post on Crypto Breaking News XRP price chart 'bull flag' puts the next bullish target at $1.50 by Crypto Breaking News XRP price edged higher on Sep. 2 as traders assessed Ripple Labs gaining an edge over the United States Securities and Exchange Commission (SEC) in an ongoing courtroom battle. The XRP/USD exchange rate surged by up to 4.74% to reach $1.296 for the first time since Aug. 23. The pair's climb appeared alongside a spike in trading volume on the four-hour chart, confirming traders' intent to support the upside move in the coming sessions. XRP has grounded higher this week reflecting a similar bullish move in other top digital assets. CrediBULL Crypto, an independent market analyst, noted that the Ripple blockchain token could reach $1.50-$1.60 next, citing impulse buying sentiment near the bottoms of almost every major cryptocurrency, including Bitcoin (BTC). $XRP going for a break of $1.25. We clear this with conviction and we are headed to $1.50-$1.60. Talked about this in my last YouTube video. If you haven't seen it yet, you should probably check it out before this baby heads to the moon — CrediBULL Crypto (@CredibleCrypto) September 2, 2021 SEC vs. Ripple The latest bout of buying in the XRP market also appears due to speculation that it would be termed a utility token by the end of the ongoing SEC versus Ripple courtroom saga. In a lawsuit filed in December 2020, the U.S. regulator accused  that Ripple Labs and its top executives sold $1.3 billion worth of XRP as "illegal securities." Months later, the case has reached a point where both Ripple and SEC wanted to look at each others' internal communications. Ripple stresses that the SEC has called top blockchain assets, Bitcoin and Ethereum, utility tokens in their internal meetings, putting XRP in the same category. Magistrate Judge Sarah Netburn of the U.S. District Court for the Southern District of New York scheduled an online hearing regarding Ripple's request on Aug. 31. She ended up siding with the defendant's request to "fair use" right of access, stating that she would conduct a personal on-camera review of the documents. The teleconference attracted attendees from the cryptocurrency community with many predicting that Ripple would likely win the SEC lawsuit. The judge ended the call and it looks very bad for the SEC! #XRP THE STANDARD — JackTheRippler (@RippleXrpie) August 31, 2021 CrediBULL Crypto also tweeted: I am no lawyer but I simply can't imagine this case going to trial UNLESS Ripple wants to take it there. The odds seem stacked against the SEC at this time and a loss at trial would set precedents that could hinder future enforcement actions by the SEC against smaller fish. $XRP https://t.co/KLAHMRwxRE — CrediBULL Crypto (@CredibleCrypto) September 1, 2021 Additionally, Ripple's CEO Brad Garlinghouse, also a defendant in the case, said: "The SEC's lawsuit isn't just about Ripple, it's about what impossible standards of fair notice and due process through regulation by enforcement can do to crypto innovation. Anyone could be next without warning." XRP underwent serious reputational damage following the SEC's lawsuit filing in December 2020. As a result, it faced delistings across many leading cryptocurrency exchanges, including Coinbase and Bitstamp. The FUD—fear, uncertainty, and doubt—also pushed XRP/USD prices more than 66% lower in the same month. XRP/USD 1-month candle chart featuring the December 2020 dump. Source: TradingView.com So it appears, Ripple's small wins against SEC boosted XRP's bullish outlook in the near-term. Moreover,  VORTECS™ data from Cointelegraph Markets Pro detected a bullish outlook flipping from yellow to green on Sep. 1 prior to XRP's breakout.   The VORTECS™ Score, exclusive to Cointelegraph, is an algorithmic comparison of historic and current market conditions derived from a combination of data points including market sentiment, trading volume, recent price movements, and Twitter activity. VORTECS™ Score (green) vs. XRP price. Source: Cointelegraph Markets Pro The VORTECS™ Score climbed from 59 (orange) to 67 (green) on Sep. 2 alongside a 22.22% surge in Twitter activity, prior to XRP/USD climbing above $1.25. Technical outlook XRP's latest gains helped its prices cross above a critical descending trendline resistance that constitutes a Bull Flag. XRP/USD 4-hour candle chart featuring a bull flag. Source: TradingView.com In detail, Bull Flags represent consolidation patterns that follow a strong price move to the upside (known as Flagpole). Investopedia reports that such structures are trend continuation indicators, meaning Flags end up sending the prices in the direction of their previous trend. Related: Ripple files motion to expose XRP holdings of SEC employees As a result, XRP/USD faces the prospect of undergoing a bull run, especially as it attempts to break out of its Bull Flag pattern to the upside. Should the rally continue, the pair's next profit target would as high as the Flagpole height (approximately $0.28). That puts the bullish target for XRP/USD at $1.51. The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision. Source: Cointelegraph.com Crypto Breaking News | September 2, 2021 at 4:00 pm | Categories: News, Ripple | URL: https://wp.me/papzAO-p6i Comment    See all comments Unsubscribe to no longer receive posts from Crypto Breaking News. Change your email settings at Manage Subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://cryptobreaking.com/xrp-price-chart-bull-flag-puts-the-next-bullish-target-at-1-50/

Crypto Breaking News posted: "Surging interest in in-game NFTs has picked up following the sharp drop-off from the NFT art mania of early 2021, and in doing so, this new interest has spurred a mammoth $2 billion spend on NFTs during the first three months of 2021 alone. New NFT market" New post on Crypto Breaking News $GIF's $550,000 IDO Sells Out in 8 Hours as NFT Gaming Takes Centre Stage by Crypto Breaking News Surging interest in in-game NFTs has picked up following the sharp drop-off from the NFT art mania of early 2021, and in doing so, this new interest has spurred a mammoth $2 billion spend on NFTs during the first three months of 2021 alone. New NFT marketplaces, dApps, and the blockchain solutions that support them have been launching at breakneck speed as thousands of digital collectibles enter the market. If NFT art was the catalyst for DeFi in the first half of this market's crypto bull, then NFT gaming is certainly the benefactor of the market's recent resurgence. For the first time, in-game NFTs are commanding demand and value in not only their respective game environments but the wider market as players can play-to-earn through an endless stream of unique and interesting gaming ecosystems. $GIF IDO & Tezotopia Success Gif.games is an emerging name in the NFT gaming space, buoyed by the fast success of the launch of its first big game, Tezotopia, and recent governance ($GIF) token IDO pre-sale. Taking place at 1400 UTC on Saturday the 28th, 2021, the IDO sold all 20,000,000 $GIF, raising 100,000 Tezos, ($550,000 USD) with 20% of the available $GIF being bought in just the last 60 mins. The $GIF token presale on Rocket Launchpad sold out in only 8 hours and was the first solo-launched project on Tezos from a native launchpad and the first solo launch to sell out. Earlier in August Gif.games launched an NFT marketplace and open-world game called Tezotopia with a cryptocurrency called Unobtainium (UNO) that can be used in-game and traded openly on the market. The Tezotopia marketplace launch sold out in only 20 mins, raising an initial $76,514, which was spent on various in-game assets, and resources. The rapid nature in which both launches sold out reinforces the strong pull of the NFT gaming space right now and the wider market's growing interest in being a part of interesting new gaming ecosystems like that of Tezotopia that can offer users monetary gains as well as a unique experience. Gif.games has said that it will put 40% of the money raised into LP for $GIF, which will be locked for 1 year. The other 60% of the other funds raised will be used for marketing, game development, and the continued development of the Tezos NFT Ecosystem. Gif.games has stated that it will keep project funding goals to a maximum $300,000 USD to ensure that projects have a good funding pool to work with while also maintaining plenty of room for price growth to attract buyers outside of the IDO. Governance Token & Staking Tiers GIF token is the governance protocol for gif.games and provides numerous benefits such as governance rights for voting on things all Gif.games related, marketplace discounts, a revenue share system, and early access to exclusive new titles and in-game perks. Governance staking is the first and perhaps most important tier unlocking benefits through a 15-day lock period. This tier really allows for deep involvement with the project's development as stakers will become a decision influencer of Gif.games ecosystem, having a choice on the outcome of proposals, and game changes through a voting system. A 30-day lock opens up the discount tier, with a 3% discount on sale purchases for any and all Gif.games items through its gaming ecosystem. Finally, a 45-day lock entitles stakers to a share of 3% from the marketplace sales revenue pool, and early access to Beta testing, new titles, and updates to current games. The NFT Gaming Industry Blockchain gaming companies raised $476M in the first half of 2021 as NFTs took the digital art, gaming collectibles, and even the music industry by storm. A single NFT digital art collage fetched $69.3 million in May 2021, a price usually reserved for Van Gogh or Picasso masterpieces. The market peaked two months later and was swiftly followed by a familiar but severe correction. Over the last two months, the market has seen a solid recovery and NFTs are again selling at the same rate they were back in May. Play-to-earn NFT-based titles like Tezotopia are creating a whole new level of interest in the industry today as the in-game items that previously only held to gaming environments have now transcended the genre entirely. Blockchain technology is providing the launchpad for the NFT space through transparency, with the ability to prove item authenticity, while offering users a way to earn from in-game currencies and unique digital items. Gif.games Growth In unison with the Tezotopia market sellout, Gif.games was accepted into the Blockchain Gaming Alliance as a silver member. With the $GIF Rocket Launchpad IDO so successful, Gif.games has secured a listing for its governance token on Tezos's DEX QuipuSwap so users can now freely trade the token. Gif.games is now focused on using the IDO funds to bring in more top developers, and artists to expand its rapidly growing gaming universe. The imminent launch of the Tezotopia dApp and attractive benefits of the $GIF staking tiers are just a couple of factors that position Gif.games to become a big name in the space, and with airdrops, incoming artist collaborations, new battle engine beta testing, and whispers of a new game in the works, Tezotopia and Gif.games have well and truly stamped their names on the NFT gaming wave this year. Source: NewsBTC.com Crypto Breaking News | September 2, 2021 at 3:42 pm | Categories: News | URL: https://wp.me/papzAO-p6e Unsubscribe to no longer receive posts from Crypto Breaking News. Change your email settings at Manage Subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://cryptobreaking.com/gifs-550000-ido-sells-out-in-8-hours-as-nft-gaming-takes-centre-stage/

Crypto Breaking News posted: "Decentralized finance, or DeFi, has become one of the fastest-growing sectors within the cryptocurrency ecosystem. Data shows that the total value locked (TVL) in all DeFi protocols is now around $130 billion. This is an important metric, as some ana" New post on Crypto Breaking News DeFi literacy: Universities embrace decentralized finance education by Crypto Breaking News Decentralized finance, or DeFi, has become one of the fastest-growing sectors within the cryptocurrency ecosystem. Data shows that the total value locked (TVL) in all DeFi protocols is now around $130 billion. This is an important metric, as some analysts view TVL as one of the best ways to measure sentiment within the DeFi sector.  While growth is apparent, many individuals may still wonder what DeFi is and how it can be applied today. Piers Ridyard, chief executive officer of Radix DLT — a secure decentralized network — stated that DeFi currently only caters to users with sufficient knowledge of the crypto market. This in mind, it's notable that a small number of universities are now offering DeFi-focused courses to help educate enrolled students and the general public on the basics of decentralized systems. Where you can learn about DeFi The University of California at Berkeley recently added a massively open online course, or MOOC, on decentralized finance to its Fall 2021 semester offering. Dawn Song, a professor of electrical engineering and computer science at UC Berkeley and founder of blockchain platform Oasis Network, told Cointelegraph that she will help lead the DeFi course, alongside professors from Stanford and Imperial College London. According to Song, DeFi is becoming a fundamentally new way to build financial infrastructure, which is why it's important for students everywhere to learn about the topic: "About 300 computer science and finance students have signed up for the course, yet given the enormous interest of DeFi, we are also offering a MOOC version open to everyone globally. In total, over 1400 students have signed up for Berkeley's DeFi course." Song mentioned that UC Berkeley previously offered a shorter, more experimental DeFi course during its Spring 2021 semester. She explained that due to the success and interest of that class, the university is now offering a full semester course covering the most important concepts in DeFi. "The first segment of the course will cover an introduction to smart contacts and blockchain. The second segment is the core, where we will discuss different DeFi services including stablecoins, decentralized exchanges, decentralized lending and more," Song said, adding further: "We will also cover oracles and privacy protocol in DeFi, which have proven to be a big topic lately." Song noted that the DeFi course will be entirely remote due to COVID-19 restrictions but that the curriculum will be the same for both UC Berkeley students and participants in the MOOC class. However, she mentioned that Berkeley students will conduct more course work, such as completing open-ended class projects and getting hands-on experience with developing new technologies within the DeFi space. Nonfungible tokens, or NFTs, will be issued as certificates to those who complete the class. Related: Specialized workforce needed as crypto and blockchain courses enter colleges While UC Berkeley's DeFi course may be one of the first of its kind, it's notable that the MOOC is open to everyone across the world. "We have students from Europe, India, Asia and other regions outside of the U.S. taking the class," said Song. Staying true to DeFi's open, inclusive standards, she added that the goal of Berekely's DeFi course is to bring together online participants with students enrolled at Berkeley to create a bigger community while improving the technology in the space. Wyoming, one of the leading states for blockchain innovation, is also offering education on DeFi to students at the University of Wyoming. Ali Nejadmalayeri, a professor of finance at the University of Wyoming, told Cointelegraph that the university offers a blockchain minor and that various disciplines within the sector can be studied as courses. For example, Nejadmalayeri teaches the Blockchain and Financial Services course, which is a full-semester online class that contains a portion on DeFi concepts: "The first part of this course during the Spring semester focused on an introduction and review of the blockchain sector. The second module was about the digital money sphere, which included early experimentation of electronic money and central bank digital currencies. DeFi was the last portion, where we discussed platforms like Uniswap and Aave, along with various applications." According to Nejadmalayeri, anyone globally can take the Blockchain and Financial Services course. "If you are admitted as a non-traditional student then you can take the course," he explained, adding that about 10 students took the class during the Spring semester. But given the interest in DeFi, he expects that number to grow moving forward, pointing out that individuals who don't have a computer science or finance background are starting to find DeFi interesting: "You've got the people who can code, but DeFi products must be catered to a certain clientele. Inside knowledge of those particular industries are important and will therefore be at the forefront of many of these classes." Although the United States ranks as the leading region for DeFi adoption according to data from crypto intelligence firm Chainalysis, European universities and schools are also offering DeFi courses to drive innovation. For example, the University of Nicosia (UNIC) in Cyprus is offering a free DeFi MOOC beginning Oct. 11. George Giaglis, executive director of the Institute for the Future at UNIC, told Cointelegraph that although UNIC has offered a free introductory course on crypto and blockchain since 2013, DeFi has only been briefly covered. Yet given the success of the course — which has attracted over 45,000 students from various countries — UNIC is now offering a six-week-long online course dedicated entirely to DeFi. Giaglis shared that the course curriculum will cover all DeFi fundamentals: "This includes the full DeFi application stack (decentralized exchanges, automated market making, lending and borrowing, liquidity mining, yield farming, decentralized insurance, synthetic assets, oracles, stablecoins), governance, tokenomics, DAOs." While the course is entirely free, Giaglis noted that there is an optional cost for graduates who want to receive a UNIC-issued, blockchain-verifiable certificate of completion. In addition to UNIC, European Tech School — which launched in July and features two blockchain programs — also discusses DeFi in depth. Victoria Gago, co-chief executive officer of European Tech School, told Cointelegraph that both the Blockchain Executive Program course the Certified Blockchain Expert Course contain a DeFi unit taught by Monica Singer, the South Africa lead at ConsenSys. Unlike the other DeFi courses mentioned, Gago believes that these blockchain courses are small and focused — requiring students to pay a fee to join and also submit an application for acceptance. Gago elaborated: "These are all live, online, cohort-based classes that begin on September 15. The classes will consist of 25 students each to ensure that students can interact with professors and their colleagues." According to Gago, what is commonly referred to as decentralized finance today will eventually become simply finance in the future, which is why she believes that teaching DeFi-focused courses is necessary: "We hope that the students taking these courses can build an impactful network by being surrounded by others who are there to learn and contribute to the blockchain sector." Challenges of teaching DeFi While it's notable that universities are beginning to offer DeFi courses, the fast-paced, developing nature of the cryptocurrency sector may create challenges for professors. For instance, coming up with a syllabus that addresses the most relevant topics in DeFi may be problematic. Nejadmalayeri explained that during the Spring 2021 semester, he had to change everything in his Blockchain and Financial Services course as DeFi started to gain traction: "I had to take out many of my lectures and replace those with DeFi concepts." Related: The perfect storm: DeFi hacks will advance the crypto sector moving forward Echoing this concern, Giaglis noted that it can be challenging to develop a curriculum when there's almost nothing to rely upon and when the sector is literally changing by the day: "Suffice to say that we do not consider the material finalized at any point: we are making and will continue to make changes to reflect new developments up until (and beyond) the date of each session." However, industry participants believe that DeFi courses are here to stay and will become an integral part of education moving forward. For instance, Alex Tapscott, author and instructor of Coursera's Blockchain Revolution Specialization series of courses, told Cointelegraph that as the DeFi industry grows, the demand for educational content will also increase: "In the early days of Bitcoin, schools like Cornell and Berkeley started offering courses around the topic. I wouldn't be surprised if DeFi is part of the curriculum of every MBA program in the future. We are still very early." Adding to this, Kimberly Grauer, director of research at Chainalysis, told Cointelegraph that DeFi courses will be an ongoing trend at many universities, alongside the probable incorporation of other crypto-related courses: "In this sense, DeFi acts as the foundational building block for a wider array of classes." Source: Cointelegraph.com Crypto Breaking News | September 2, 2021 at 3:37 pm | Categories: News | URL: https://wp.me/papzAO-p6c Comment    See all comments Unsubscribe to no longer receive posts from Crypto Breaking News. Change your email settings at Manage Subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://cryptobreaking.com/defi-literacy-universities-embrace-decentralized-finance-education/

Crypto Breaking News posted: "If you've ever been a freelancer, you know that using a job network—one that matches you with companies looking to hire for jobs as small as $5 and as large as $50,000—sucks. There are thousands of freelancers there, each one undercutting the other, and m" New post on Crypto Breaking News 'Decentralized Talent Network' Braintrust Is Working With Nike, Goldman, and More—All via Ethereum by Crypto Breaking News If you've ever been a freelancer, you know that using a job network—one that matches you with companies looking to hire for jobs as small as $5 and as large as $50,000—sucks. There are thousands of freelancers there, each one undercutting the other, and many people feel like they have to set bargain-basement rates—or already have client reviews on the network—just to get noticed.  Braintrust, a nonprofit "decentralized talent network" that launched its token on the Ethereum blockchain this week, sets out to solve that poor user experience because co-founder Adam Jackson says he lived it. "I was like, hey man, I live in California so I need to make at least $25 an hour here, but the guys in Bangalore will do it for $5," he told Decrypt. "And then it gets very spammy too. It sucks for clients, too, because there's all these users submitting all these bids. You don't know what's real." The answer was cryptocurrency. Though plenty of projects have been knocked for trying to jam in blockchain where it doesn't belong, Jackson and his team thinks its application here makes sense. The way it works is this: If you're a freelancer, you must apply to be on the network, unlike most sites which allow anyone on. Braintrust wants the participants to be vetted because that saves its clients, which include Goldman Sachs, Nike, and Nestle, from being inundated with low-quality applications. "Enterprises of this size aren't interested in dealing with shitty talent, and they also are willing to pay competitive rates," said Director of Communications Sam Katzen. But Braintrust isn't the one doing the vetting. Instead, it distributes its BTRST token to those who do so. Moreover, community members who review applications and refer new applicants have an incentive to select quality people, as they receive token rewards with every finalized invoice those members receive.  This solves for a couple of problems in one. Freelancers on Upwork can pay as much as 20% of their invoice back to the network (that slides down to 5% for jobs worth over $10,000), meaning they have to inflate their prices to get paid their actual rate. On top of that, businesses pay a 3% processing fee; they might also pay a flat monthly rate and a 10% fee to have their own account manager. This is more than a mainnet launch. This is a movement!$BTRST has launched, and with it we're giving ownership and control back to the workers. It's the fair and equitable future of work, and it's time we own it.#BTRST #ownithttps://t.co/yfn9SzS1th — Braintrust (@usebraintrust) September 1, 2021 Those costs can drive workers and companies off the platform as clients look to forge a rate without intermediaries.  "Our users are also our owners," said Jackson, "and so there's no incentive to move off the platform. In fact, there's an incentive to stay on the platform because every time you get paid an invoice we give you tokens. It's a cool virtuous cycle." But what do those tokens actually get you? They're not used to pay for services. (Said Jackson, "We don't think a native token makes sense to pay people.") Instead, as Jackson puts it, it's a "reward incentive mechanism plus governance system." The token, forked from DeFi protocol Compound's COMP token, will be used to make decisions about the site as it becomes increasingly decentralized, for instance, whether to expand to new markets or change the fee structure. They can also be used to settle disputes that arise between clients and freelancers. (A platform like Upwork, says Jackson, "always sides with the client.") Big investors have already gotten in, showering Braintrust with $18 million in a fall funding round last year. Franklin Bi, Pantera Capital's Director of Portfolio Development, told Decrypt, "Just like Audius is making a run at Spotify and empowering creators, Braintrust is taking down Upwork, Fiverr, and Accenture by empowering independent knowledge workers and clawing back massive take rates." What is Audius? The Decentralized Music Sharing and Streaming Service The network says it's growing, doing decent business even as the token ran on Ethereum's Ropsten test network instead of on mainnet. According to numbers shared with Decrypt, the network is on track to do $31 million in invoice volume this year, and it has at least tripled in size in three categories—clients, workers, and job postings—since its June 2020 launch. Moreover, the average pay is $92 an hour, with the average project worth $57,000. That's a whole lot better than advertising for $25 and praying you don't get beat by the guy doing it for $5. Source: Decrypt.co Crypto Breaking News | September 2, 2021 at 3:30 pm | Categories: News | URL: https://wp.me/papzAO-p6a Comment    See all comments Unsubscribe to no longer receive posts from Crypto Breaking News. Change your email settings at Manage Subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://cryptobreaking.com/decentralized-talent-network-braintrust-is-working-with-nike-goldman-and-more-all-via-ethereum/

Crypto Breaking News posted: "Stablecoin provider UXD Protocol, formerly Soteria, has raised $3 million in a funding round led by Multicoin Capital. The round also included Alameda Research, CMS Holdings, Defiance Capital, and others. UXD Protocol is built on Solana, a blockchain netw" New post on Crypto Breaking News Solana Stablecoin UXD Raises $3M, Aims to Expand DeFi Outside Ethereum by Crypto Breaking News Stablecoin provider UXD Protocol, formerly Soteria, has raised $3 million in a funding round led by Multicoin Capital. The round also included Alameda Research, CMS Holdings, Defiance Capital, and others. UXD Protocol is built on Solana, a blockchain network optimized for high throughput. "The funds from the raise will be used to hire developers and scale the team," Kento, the founder of UXD Protocol, told Decrypt.  Unlike traditional stablecoins, which are backed 1:1 with cash or cash equivalents, UXD's offering is algorithmic. This means that the stablecoin maintains its peg by holding and balancing different cryptocurrencies as collateral. For now, UXD will only accept Bitcoin, Solana, and Ethereum as collateral.  MakerDAO's DAI stablecoin is another example of an algorithmic stablecoin.  When users want to create DAI, they must supply 150% collateral in Ethereum (or USDC and WBTC, an Ethereum-native token that tracks the price of Bitcoin).  Thus, $150 of Ethereum will earn you $100 in DAI. If, however, the price of Ethereum falls dramatically, users would need to add more collateral to maintain their position. They risk having their position sold to the open market if this isn't taken care of.  MakerDAO's mechanism is a relatively straightforward means of keeping DAI pegged to $1. But there have been many other attempts at achieving the same results—many have which have ended in disaster.  FEI dropped down to $0.136. In the process, it should have taught everyone a few lessons about stablecoin design and, perhaps, crypto investing. A thread. pic.twitter.com/z6d2MPbZH2 — Emin Gün Sirer (@el33th4xor) April 7, 2021 Kento, and the latest round of investors, think, however, they've found a solution. "Algorithmic stablecoins have a rocky history. Most algo-stablecoins have failed because they were not backed 100%, which made them extremely volatile and prone to losing their pegs," Kento said. "UXD, in contrast, is 100% backed by a delta-neutral position." A delta-neutral position is a common derivatives strategy in the world of finance for hedging against volatility. These derivatives could be anything from options calls and puts to perpetual swaps, the latter of which UXD is using. Delta measures the rate of change between these derivatives and the price of the underlying asset. Delta can range from -1 to 1, with zero indicating a delta-neutral position.  "Delta-neutral strategies are not a new idea," said Kento. "Assuming the positions are managed correctly, they are one of the safest ways to run a yield-generating strategy. In traditional finance, traders create delta-neutral positions to hedge their market exposure and to generate yield."  Kento came across the idea when using the strategy for traditional trading activity, rather than using it to peg a stablecoin.  More importantly, however, Kento believes that UXD will finally be the first, truly decentralized stablecoin.  Ethereum, Binance Smart Chain, Solana Send DeFi Value to Record Levels UXD takes aim at Circle, Tether With a combined market cap of nearly $100 billion, both Tether and USD Coin are enormous forces in the crypto industry. Despite their popularity, however, the community is often reminded of these two coins' biggest downside: centralization.  As both stablecoins are operated and maintained by centralized entities, those entities are potential targets for regulators. "It's a black swan risk that everyone in the ecosystem is pushing to the back of their heads but when it happens it will be devastating for the crypto ecosystem," said Kento.  Already, Centre, the consortium that oversees USD Coin, has blacklisted $100,000 of USDC after saying that it was complying with law enforcement. Even more recently, Tether froze $33 million involved in the Poly Network hack last month. DAI is also at risk, as nearly 60% of all collateral in MakerDAO is USDC, according to Dai Stats. Source: Dai Stats. This poses additional problems for the broader decentralized finance (DeFi) space, which pitches itself as a suite of financial services, like lending and borrowing, but without a centralized intermediary, like a bank or broker.  Both USDC and USDT play outsized roles in the various applications on DeFi. This could be in the form of collateral like in MakerDAO or as simply yield-generating assets on platforms like Aave. "The only reason why USDC and UST have captured so much market share is because every other model fell down on the scalability trilemma in some capacity," said Kento. "The first decentralized stablecoin to solve that problem and earn the market's trust will see a tidal wave of adoption."   Source: Decrypt.co Crypto Breaking News | September 2, 2021 at 3:01 pm | Categories: News | URL: https://wp.me/papzAO-p66 Comment    See all comments Unsubscribe to no longer receive posts from Crypto Breaking News. Change your email settings at Manage Subscriptions. 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Crypto Breaking News posted: "ABEYCHAIN's native token, ABEY, was listed today on the Liquid Global crypto exchange. The token has experienced continued growth since its inception has taken the next step towards continued growth. The project is only a year old but in its short life sp" New post on Crypto Breaking News ABEY Token Gets Listed on Top Cryptocurrency Exchange Liquid Global by Crypto Breaking News ABEYCHAIN's native token, ABEY, was listed today on the Liquid Global crypto exchange. The token has experienced continued growth since its inception has taken the next step towards continued growth. The project is only a year old but in its short life span, the price of the token has grown over 400%, going up from its listing price of $0.61 in 2020, to its current trading price of $2.50. Its price put it above Cardano, the third largest coin by market cap in the market, which is currently trading at low $2. Founded in 2020, the user base of ABEY has grown to over 100,000 users. Making it one of the fastest growing blockchain networks in the world. Listed on ZBX.one, its user base had grown along with its token price. Opening up the need for more exposure for users, and the listing on Liquid Global works to this end. Liquid Global's massive user base will open up the token to more users, growing the ecosystem as it goes. Liquid Global is a top 20 ranked regulated crypto exchange in the world, with a deep BTC/JPY liquidity. Listing on Liquid Global will make the ABEY token available in over 100 countries, on a platform which already lists more than 80 tokens. With a loyal user base of over 800,000 customers. ABEYCHAIN Takes On The Big Dogs ABEYCHAIN has some big competitors in the market, including projects like Ethereum and Cardano. But the network has held its own so far despite massive competition. The blockchain solves problems in the industry which had been previously touted as unsolvable. A good example of this is what's known as the "Impossible Triangle." The ABEYCHAIN blockchain possesses the ability to simultaneously achieve a high degree of decentralization, security, and efficiency. A trifecta that has been the bane of leading blockchains in the market. Blockchains like Bitcoin and Ethereum were not built to scale quickly with a large number of users. That is why traffic congestion and high network fees have continued to be a problem for the blockchains. ABEYCHAIN solves this by using both a delegated proof of stake and a secure proof of work mechanism to solve these issues.  This provides ABEYCHAIN users with cross-chain interoperability, high-speed transactions, and its decentralized applications base continues to grow in tandem with the fast-moving DeFi ecosystem. The ABEY Foundation has said that the blockchain can be scaled to handle 10,000 TPS (Transactions Per Seconds). To put this in context, the current capacity for the Ethereum network is 30 TPS, while that of Bitcoin is only about 5 TPS. Market Welcomes ABEY With Open Arms The most important part of the growth of the ABEY token has been the market acceptance. ABEY has witnessed continued support from investors, who have invested into the project at various points. The price of the token has not missed a beat in its growth as the user base of 100,000 holds it up with continued interest. Driving innovation is at the forefront of the project, and investors have been with the project every step of the way. Staying true to growing the network, the ABEY Foundation has added new features. While ABEYCHAIN works to solve the problem of the "Impossible Triangle," the ecosystem also serves as the home of the latest DeFi platform, XSwap, where users can lend, stake, yield farm, and a host of other services. Its NFT platform also enables the minting of NFTs at a faster and cheaper rate compared to leading NFT platforms. As the need for decentralized storage grows in the market, the ABEYCHAIN blockchain becomes a more valuable service. This will drive more adoption of the ecosystem as top firms see a growing need for the services provided by the blockchain. Source: NewsBTC.com Crypto Breaking News | September 2, 2021 at 3:00 pm | Categories: News | URL: https://wp.me/papzAO-p68 Unsubscribe to no longer receive posts from Crypto Breaking News. Change your email settings at Manage Subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://cryptobreaking.com/abey-token-gets-listed-on-top-cryptocurrency-exchange-liquid-global/

Crypto Breaking News posted: "Blockchain-based music streaming platform Audius announced Thursday that it had launched full Solana NFT integration, allowing its more than six million users to begin featuring digital collectibles from the Solana library. The integration will occur thro" New post on Crypto Breaking News Blockchain streaming platform Audius announces Solana NFT integration by Crypto Breaking News Blockchain-based music streaming platform Audius announced Thursday that it had launched full Solana NFT integration, allowing its more than six million users to begin featuring digital collectibles from the Solana library. The integration will occur through Phantom, Solana's multichain wallet and browser extension. The new features will be available to Audius' silver tier profiles, accounts holding more than 100 of the platform's native AUDIO tokens. Roneil Rumburg, Audius' co-founder and CEO, said the partnership gives Solana its first "NFT discovery layer," adding that: "Tooling from Metaplex and the Audius integration with Phantom made it possible to ship Solana support while maintaining the usability bar that Audius has become known for." As Cointelegraph reported, Metaplex is an NFT marketplace that launched in June on the Solana network. Several celebrities and businesses endorsed it at the time. Related: Strong fundamentals lure traders back to Audius, Raydium and Helium Audius, meanwhile, has been in the headlines after it announced a new partnership with TikTok, the popular social media platform. The partnership allows Audius users to share songs directly on TikTok for the purpose of creating short videos. Since launching in 2017, TikTok has become one of the world's largest social media platforms, boasting nearly 1 billion monthly active users. NFTs have permeated mainstream consciousness thanks to high-profile celebrity endorsements, multi-million-dollar collections and a growing recognition that digital collectibles are the future. NFT sales reached $900 million in August alone, easily shattering the previous monthly record set in May at $255 million. Related: CryptoPunks creators sign with top Hollywood agents as sales top $305M in a week Investors are shelling out millions of dollars on CryptoPunk NFTs and are even paying high six-figure sums for pet rock collections centered around Ethereum. As Cointelegraph recently reported, this year's iHeartRadio Music Festival in Las Vegas this year features an NFT giveaway. Source: Cointelegraph.com Crypto Breaking News | September 2, 2021 at 3:00 pm | Categories: News | URL: https://wp.me/papzAO-p64 Comment    See all comments Unsubscribe to no longer receive posts from Crypto Breaking News. Change your email settings at Manage Subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://cryptobreaking.com/blockchain-streaming-platform-audius-announces-solana-nft-integration/

Crypto Breaking News posted: "Seety, a digital parking startup based in Belgium, has introduced crypto payment support for parking tickets.According to a report by DataNews on Thursday, the company which is one of the firms bootstrapped by Belgian accelerator program Start it @KBC has" New post on Crypto Breaking News Belgian startup debuts Bitcoin payments for parking tickets by Crypto Breaking News Seety, a digital parking startup based in Belgium, has introduced crypto payment support for parking tickets. According to a report by DataNews on Thursday, the company which is one of the firms bootstrapped by Belgian accelerator program Start it @KBC has rolled out a crypto payment feature in Antwerp and Brussels. Seety users will from Thursday be able to use Bitcoin (BTC) to pay for parking tickets in locations across both cities. Apart from Bitcoin, customers can also use crypto like Ether (ETH), Bitcoin Cash (BCH), Dogecoin (DOGE), and Litecoin (LTC), as well as stablecoins like Dai (DAI) and USD Coin (USDC). Customers looking to use crypto to pay for parking space will use the "coins" to buy Seety credits on the company's app platform. According to the report, using crypto will not incur any additional fee on the part of the customer. The Seety app reportedly has over 355,000 users in Belgium and the Netherlands and is aiming to achieve an annual turnover above 2 million euros by 2022. For the company, using crypto to pay for parking space is indicative of how cryptocurrencies will eventually gain greater adoption in everyday microtransactions. Seety expects crypto adoption to grow once tokens become more environmentally friendly. Related: Visa will facilitate USDC payments, thanks to fresh partnership Using Bitcoin to pay for parking tickets goes as far back as 2014 with the defunct Brawker app. These days, crypto payment options for microtransactions are becoming increasingly popular even though significant hurdles still stand in the way of more broad-based penetration. Crypto credit cards and stablecoins are also helping to simplify the process of spending cryptos while making it easier for merchants to onboard cryptocurrency payment options on their platforms. As previously reported by Cointelegraph, Visa recently stated that its crypto-enabled cards had processed over $1 billion in crypto spending in the first half of 2021. Source: Cointelegraph.com Crypto Breaking News | September 2, 2021 at 2:35 pm | Categories: News | URL: https://wp.me/papzAO-p60 Comment    See all comments Unsubscribe to no longer receive posts from Crypto Breaking News. Change your email settings at Manage Subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://cryptobreaking.com/belgian-startup-debuts-bitcoin-payments-for-parking-tickets/

Crypto Breaking News posted: "In late August, the South African Revenue Service (SARS) released new guidelines that clarify the correct treatment of taxable crypto events. The new guidance, which was published on the revenue collector's webpage, explains how cryptocurrency-rela" New post on Crypto Breaking News South African Tax Body Updates Crypto Tax Guidance, Confusion Persists by Crypto Breaking News In late August, the South African Revenue Service (SARS) released new guidelines that clarify the correct treatment of taxable crypto events. The new guidance, which was published on the revenue collector's webpage, explains how cryptocurrency-related income should be disclosed in tax returns. Distinction Between Income and Capital Gains Tax As shown on SARS' crypto-asset tax webpage, "income received or accrued from crypto assets transactions can be taxed on revenue account under 'gross income.'" Alternatively, the new guidance says such gains "may be regarded as capital in nature, as spelt out in the Eighth Schedule to the Act for taxation under the Capital Gains Tax (CGT) paradigm." SARS also reveals that "taxpayers are also entitled to claim expenses associated with crypto assets accruals or receipts, provided such expenditure is incurred in the production of the taxpayer's income and for purposes of trade." Meanwhile, a tax consulting firm, Tax Consulting SA, told to Bitcoin.com News in an email that the publication of the guidance should perhaps be best viewed in the context of the various comments recently made by SARS on the taxation of crypto assets. As previously reported by Bitcoin.com News, South African crypto holders found on the wrong side of the law now face possible jail time. Similarly, Tax Consulting SA asserts that the new crypto asset tax guidance is another reminder of how SARS now sees crypto tax as an important revenue source and the extent to which it will go to enforce compliance. The Cost of Not Disclosing Consequently, in its analysis of the new guidance, the Tax Consulting SA team says "all individuals who have acquired and held crypto assets during the tax year must disclose these holdings to SARS in their returns, regardless of whether any taxable events took place." The team cautions however that "this is easy to get wrong and taxpayers should be sure to tread carefully." Tax Consulting SA also warned: Where you do not make this disclosure, even negligently, this is now a criminal offence under the Tax Administration Act. Concerning the "confusion" on whether a taxable event should be treated as income or capital gains tax, the consulting firm insists that the "information published [by SARS] earlier this week only gives examples of capital gains tax disclosures." Also, since the revenue collector has not given examples of income tax disclosure, it "means taxpayers may fall on the wrong side of the law by just following the guidance provided by SARS." Yet, despite this lack of clarity, Tax Consulting SA insists crypto holders still have to disclose because "there is no legitimate way for crypto asset investors to remain 'invisible' from a SARS perspective." The firm argues that "non-disclosure is permanent and [that this] will come back in a few years to catch up with the taxpayer." What are your views on SARS' latest crypto tax guidance? Tell us what you think in the comments section below. Source: Bitcoin.com Crypto Breaking News | September 2, 2021 at 2:30 pm | Categories: News | URL: https://wp.me/papzAO-p5Y Unsubscribe to no longer receive posts from Crypto Breaking News. Change your email settings at Manage Subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://cryptobreaking.com/south-african-tax-body-updates-crypto-tax-guidance-confusion-persists/

Crypto Breaking News posted: "Bitcoin (BTC) made traders play a guessing game on Thursday as $50,000 looked increasingly shaky as new support.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewCrypto seeing "spectacular" SeptemberData from Cointelegraph Markets Pro and Trading" New post on Crypto Breaking News Bitcoin bull run sparks $180K BTC price prediction ahead of institutional 'fireworks' by Crypto Breaking News Bitcoin (BTC) made traders play a guessing game on Thursday as $50,000 looked increasingly shaky as new support. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Crypto seeing "spectacular" September Data from Cointelegraph Markets Pro and TradingView tracked BTC/USD as it crisscrossed the $50,000 barrier after returning to it for the first time in almost two weeks. The largest cryptocurrency saw 4.5% gains on the day, these nonetheless beaten by three of the top 10 altcoins, which all managed over 7%. Against a largely positive background, traders were understandably bullish on Bitcoin's prospects. "Break above 50k = 58-60k to follow. Sitting above 200D MA which is now acting as support," Pentoshi summarized to Twitter followers. "What is your price discovery plan? Above those Highs 3x seems reasonable which is around 180k. You don't go make new ath's for 10% gains. Verge of breaking out into that last range." BTC/USD scenario. Source: Pentoshi/Twitter A $180,000 BTC price is a curious prospect for many and beats even the more optimistic $135,000 minimum target set by stock-to-flow creator PlanB for the end of 2021. "September has been a spectacular month for Crypto thus far," fellow trader Rekt Capital added. As Cointelegraph reported, the first two days of the month have contrasted sharply with historical norms for September, which has always been a lackluster month for cryptocurrency markets. Looking ahead, institutional reporting may serve to make the coming weeks even more intriguing. "A lot of large and important institutions bought bitcoin over the summer," Mike Alfred, founding CEO at BrightScope & Digital Assets Data, noted. "They will announce their purchases between September 7 and November 19. Enjoy the fireworks." Crypto pauses gains with Cardano at all-time highs Among altcoins, Cardano's ADA token and Ether (ETH) were likewise taking a break from bullish surges of their own at the time of writing. Related: MicroStrategy stock flips bullish with MSTR a Bitcoin 'proxy' for institutional investors ADA/USD had hit new all-time highs earlier in the day, while ETH/USD neared $3,800 — its highest level since May. As Cointelegraph highlighted this week, Polkadot's DOT is being tipped as the next altcoin to see major gains. Source: Cointelegraph.com Crypto Breaking News | September 2, 2021 at 2:26 pm | Categories: Bitcoin, Cardano, News | URL: https://wp.me/papzAO-p62 Comment    See all comments Unsubscribe to no longer receive posts from Crypto Breaking News. Change your email settings at Manage Subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://cryptobreaking.com/bitcoin-bull-run-sparks-180k-btc-price-prediction-ahead-of-institutional-fireworks/

Crypto Breaking News posted: "A major South Korean telecommunication company, KT Corp, has outlined plans to create a fully electronic documentation service, utilizing blockchain technology to contribute to environmentally conscious ambitions.The telecommunications firm currently prov" New post on Crypto Breaking News Leading South Korean telecom firm adopts blockchain for carbon ambitions by Crypto Breaking News A major South Korean telecommunication company, KT Corp, has outlined plans to create a fully electronic documentation service, utilizing blockchain technology to contribute to environmentally conscious ambitions. The telecommunications firm currently provides around 90% of the nation's fixed-line mobile networks, as well as a further 45% of broadband high-speed internet services. The e-document venture titled "E-document Digital Transformation (DX) One Team" will be a collaborative effort between fourteen businesses with the established objective of reducing the network's carbon emission output. Once implemented, the initiative will digitize the entire tenure of the paper-based documentation process ranging from creation through to storage and finally customer distribution. The numeral goal is to convert 4.5 billion paper documents into e-documents each year, considerably reducing carbon emissions by 129.6 billion tons. In March 2020, the firm launched a blockchain-based platform called Paperless to support businesses and organizations in digitally creating and storing contract documents. An official from KT Corp, Yoon Dong-Sik shared his views on the impact of the paperless system at the time: "We expect KT Paperless Service to reduce corporate document management and costs so that it will improve the business process as well." Related: South Korea Telecoms Giant Ramps Up Blockchain Roaming Deal With China Last week, we reported that supply chain management platform VeChain launched a similar blockchain initiative to support businesses in tracking and reporting their carbon production data. Source: Cointelegraph.com Crypto Breaking News | September 2, 2021 at 2:02 pm | Categories: News | URL: https://wp.me/papzAO-p5W Comment    See all comments Unsubscribe to no longer receive posts from Crypto Breaking News. Change your email settings at Manage Subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://cryptobreaking.com/leading-south-korean-telecom-firm-adopts-blockchain-for-carbon-ambitions/

Crypto Breaking News posted: "The Play-to-Earn NFT based Polker.Game's native token $PKR has been officially listed on the popular centralized exchange BitMart. Polker.game has been in the spotlight recently as Akon, the American R&B superstar and record producer gave his offic" New post on Crypto Breaking News Play-to-Earn Game From Polker (PKR) Exchange Listing – Endorsed by Akon by Crypto Breaking News The Play-to-Earn NFT based Polker.Game's native token $PKR has been officially listed on the popular centralized exchange BitMart. Polker.game has been in the spotlight recently as Akon, the American R&B superstar and record producer gave his official endorsement of polker stating that the "game is revolutionary" and that Polker is "hands down.. the best play to earn, NFT game in the space.". With the BitMart listing and celebrity endorsement from Akon, Polker is perfectly positioned to become a major player in the Play-to-Earn league. Watch Akon's Video Here What is Play-to-Earn? Although not a new concept, play-to-earn has become a trending term due to the popularity of the NFT game AXIE infinity. In the past, previous play-to-earn games have also achieved success – however, thanks to the huge amount of development in the blockchain space in recent years the gaming experience is now massively improved. Play-to-Earn games are essentially free to play and open to anyone and everyone. By simply using the platform players can earn native platform tokens or NFTs – both of which have real-world value. Allowing players to earn tokens and NFTs that can be sold or traded has created a paradigm shift in online gaming – Polker is leading the way with the Play-to-Earn poker platform. Why Polker.Game? With Play-to-Earn blockchain gaming growing at an unprecedented pace, Polker.game is poised to change the world of online poker with its unique approach to gameplay. Since the chips used in Polker have no value – the game removes the gambling aspect of poker whilst maintaining prizes that have real-world value. Polker's play-to-earn poker platform is about competition and skill instead of gambling. Although still in the early days, Polker NFTs have already sold for $10,000 (3.8ETH) on OpenSea. Growth Potential of Polker (PKR) With Akon supporting the platform and Polker's play-to-earn poker platform being live, Polker and $PKR have a huge amount of growth potential. The fact that $PKR is now being listed on centralized exchange BitMart increases this potential massively. The business model that Polker follows is similar to that of AXIE INFINITY (AXS) which has a fully diluted market cap of $19.4bn at the time of writing. Polker (PKR) currently has a fully diluted market cap of $40.2m. If PKR were to reach the same market cap as AXS then the current value would increase over 482x. Simply put, a $1000 investment in PKR today would be worth over $482,000 if Polker were to grow to the same market cap as AXIE INFINITY. Even reaching half the market cap of AXS in the short-term which is a much more reasonable expectation would allow for a 24,000% increase in value – an ROI that is too good to miss out on for any investor, especially with Akon backing the platform. Polker Listing on BitMart Polker (PKR) is a cross-chain token with a functional bridge between Ethereum, Binance Smart Chain (BSC), and Tron – with a Polygon bridge under development. Until now, $PKR has only been tradeable on decentralized exchanges UniSwap, and PancakeSwap. Now listed on popular and centralized exchange BitMart, Polker (PKR) can be traded by a much larger demographic with the newly listed USDT-PKR pair. With BitMart listing $PKR and Akon shouting out the play-to-earn poker platform offered by Polker the potential of this platform is unrivalled. Website | Twitter | Telegram | Telegram Announcements | Facebook | Medium This is a sponsored post. Learn how to reach our audience here. Read disclaimer below. Source: Bitcoin.com Crypto Breaking News | September 2, 2021 at 2:00 pm | Categories: News | URL: https://wp.me/papzAO-p5Q Unsubscribe to no longer receive posts from Crypto Breaking News. Change your email settings at Manage Subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://cryptobreaking.com/play-to-earn-game-from-polker-pkr-exchange-listing-endorsed-by-akon/

Crypto Breaking News posted: "Decentralized finance project ​​Cream Finance will bring its lending and borrowing services to Moonbeam, a smart contract platform on Polkadot. In a Thursday announcement, the Moonbeam network said Cream Finance would be integrating with its ecosyste" New post on Crypto Breaking News ​​Cream Finance will integrate with Polkadot blockchain using Moonbeam by Crypto Breaking News Decentralized finance project ​​Cream Finance will bring its lending and borrowing services to Moonbeam, a smart contract platform on Polkadot.  In a Thursday announcement, the Moonbeam network said Cream Finance would be integrating with its ecosystem starting with its parachain on Kusama, Moonriver, and then on Polkadot. Kusama and Polkadot users will be able to use Cream's services to deposit digital assets as collateral or lend them out. "Lending and borrowing protocols lie at the heart of a productive DeFi ecosystem," said Moonbeam founder Derek Yoo. "The integration not only provides a critical capability to the growing DeFi ecosystem on Moonbeam, it also provides builders on Moonbeam with a critical building block for creating new Polkadot-based DeFi applications." Related: Equilibrium's Polkadot-native stablecoin will integrate with Moonbeam The number of options for decentralized finance, or DeFi, projects building on Moonbeam through Kusama or Polkadot have grown in recent months as many protocols announced integrations with the platform. Projects include cross-chain lending protocol Equilibrium, Ocean Protocol, SushiSwap, Balancer, IDEX, and others. Cream Finance was recently the target of a major hack, in which an attacker used a flash loan exploit to steal $18.8 million. According to the project, it has more than $1 billion in total value locked on the platform. Source: Cointelegraph.com Crypto Breaking News | September 2, 2021 at 2:00 pm | Categories: News | URL: https://wp.me/papzAO-p5S Comment    See all comments Unsubscribe to no longer receive posts from Crypto Breaking News. Change your email settings at Manage Subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://cryptobreaking.com/%e2%80%8b%e2%80%8bcream-finance-will-integrate-with-polkadot-blockchain-using-moonbeam/

Crypto Breaking News posted: "The Internal Revenue Service (IRS ) posed as a Bitcoin trader to expose an alleged dark web drug dealer, tricking him into sending over $180,000 in cash to an account in the name of "Mr Coins" on peer-to-peer exchange LocalCryptos.com. The sting operation" New post on Crypto Breaking News IRS Poses as Bitcoin Trader 'Mr Coins' in $180,000 Sting by Crypto Breaking News The Internal Revenue Service (IRS ) posed as a Bitcoin trader to expose an alleged dark web drug dealer, tricking him into sending over $180,000 in cash to an account in the name of "Mr Coins" on peer-to-peer exchange LocalCryptos.com. The sting operation is the latest instance of the U.S. tax collection agency going undercover to expose criminals—but a rare case of the IRS posing as a trader, according to Forbes.  The pseudo-anonymous nature of the crypto industry has become increasingly attractive to money launderers and dark web drug dealers, with crypto forensics company Chainalysis estimating that some $5 billion in funds was sent and received by illicit entities in 2020.  The IRS's "Mr Coins" The IRS posted its advertisement on LocalCryptos in June 2020, with the Mr Coins account offering to buy Bitcoin at above-market prices, via the mail. Sellers were instructed to use encrypted messaging apps Wickr or WhatsApp to contact the spoof trader.  According to a search warrant seen by Forbes, the ruse worked on alleged dark web drug dealer Chase Hite, of Evansville, Indiana. Using the name "Lucifallen21," over the course of several transactions, Hite sent around $180,000 in cash to Mr Coins, in return for Bitcoin. To conclude the sting, IRS investigators pretended that a package of $28,000 in cash from Hite, had been intercepted and marked as lost by the Postal Service. When he called to complain, they were able to link his call to a phone number he maintained.  Fingerprints on a subsequent package further implicated the alleged dealer.  Hite was charged in July in the Eastern District of New York and has not yet filed a plea. Covert operations  Undercover operations by the IRS operation can be justified if they are "to gain evidence or information which would be unavailable but for the target's reliance on the operative's covert role," according to the agency's guidelines. Prior IRS snares include posing as a drug dealer on Bitcoin Frog—a long-running service to anonymize transactions, which was popular with dark-web dealers—and pretending to be a seller of counterfeit Gucci gear to expose the operator of an unlicensed money transmission business that exchanged cash for Bitcoin.  FBI Raids New Hampshire Bitcoin Operations, Charges Radio Host The crypto landscape, famous for its anonymity and privacy-centric ethos, has long been used by criminals to obfuscate their activity.  Now it's become a fertile stomping ground for undercover IRS agents intent on exposing them. Quid pro quo. Source: Decrypt.co Crypto Breaking News | September 2, 2021 at 1:58 pm | Categories: News | URL: https://wp.me/papzAO-p5U Comment    See all comments Unsubscribe to no longer receive posts from Crypto Breaking News. Change your email settings at Manage Subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://cryptobreaking.com/irs-poses-as-bitcoin-trader-mr-coins-in-180000-sting/

Crypto Breaking News posted: "Not a long time ago, we published an article about Flirt Invest. After that we started getting a lot of messages from our readers asking us to check this company and their 3% daily profit. Today we are going to tell you whether the Flirt Invest is another" New post on Crypto Breaking News FLIRT INVEST – Is It Real to Get +90% Monthly? by Crypto Breaking News Not a long time ago, we published an article about Flirt Invest. After that we started getting a lot of messages from our readers asking us to check this company and their 3% daily profit. Today we are going to tell you whether the Flirt Invest is another scam project or a reasonable investment. 1) Registration The company claims that it has been officially registered under the following number: 13326826. This information is easy to fact-check. The registration chamber of England provides publicly available information about all companies. You can go to the website of the registration chamber https://beta.companieshouse.gov.uk/ and search for a company with this number or name. As you'll see, FLIRT INVEST GROUP LTD is registered under this exact number. Registration address matches the address on the company's website. Also at the Filling History tab we can check that they really have a capital statement for 1 million pounds. Judging only from this fact we can see that the company is not a scam, but we went on for further research. Not a single scam project will contribute the authorized capital, especially in this amount. 2) Address We decided to go to the business center, where the company is located, and investigate their office. The office is located almost in the center of London, and we can assume that the cost of real estate or even rent is extremely high. It is very unlikely that some questionable project would rent an office here, and even more so could get permission to register in such a place. The security confirmed that the company was registered here, however, unfortunately, it was not possible to get inside without obtaining a pass in advance. 3) Other things Despite the fact that we didn't have any doubts about the project, we still decided to make a deposit ourselves. The goal was to check the quality of the client support, the speed of payments, and generally check how everything works. We asked the support a couple of questions and received answers from support in about 5 minutes. We made a deposit in Ethereum and a few days later we decided to withdraw the first profit. After requesting a withdrawal, we received tokens within a couple of hours. To draw a conclusion, it looks like the project is a great investment opportunity. We will continue to follow the news of the project. A piece of advice from us is to not invest all of your fortunes in one project, though. Be mindful and differentiate your investments. Source: NewsBTC.com Crypto Breaking News | September 2, 2021 at 1:27 pm | Categories: News | URL: https://wp.me/papzAO-p5M Unsubscribe to no longer receive posts from Crypto Breaking News. Change your email settings at Manage Subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://cryptobreaking.com/flirt-invest-is-it-real-to-get-90-monthly/

Crypto Breaking News posted: "BENQI, Avalanche's first & only unicorn, is a very intriguing company. With nearly $2 billion in total value locked, the DeFi protocol is getting noticed by many people. Algorithmic liquidity will play a crucial role in the future development of decen" New post on Crypto Breaking News Meet The Company That is Avalanche's First Unicorn at Nearly $2 Billion in TVL by Crypto Breaking News BENQI, Avalanche's first & only unicorn, is a very intriguing company. With nearly $2 billion in total value locked, the DeFi protocol is getting noticed by many people. Algorithmic liquidity will play a crucial role in the future development of decentralized finance solutions and products. What Is BENQI Exactly? As a company founded by individuals involved in Ethereum and its DeFi ecosystem, BENQI's team acknowledged the potential of blockchain and crypto assets early on. Although Ethereum's blockchain has technical limitations leading to scaling concerns and high transaction fees, Avalanche provided a solution. The blockchain has a different consensus algorithm, warranting a closer look. For BENQI's team, Avalanche could help offset some of the load from Ethereum and provide a better transaction experience for users. Even though the Avalanche ecosystem is still in the very early stages, several DeFi protocols leverage its technology. As Ethereum congestion remains a pressing issue for many – as is the centralized nature of Binance Smart Chain – Avalanche can give BENQI a first-mover advantage. Bringing lending and borrowing services to this ecosystem combined with algorithmic liquidity market solutions puts a very different spotlight on this blockchain ecosystem. It is worth noting that BENQI can bridge to other blockchains. While it is native to Avalanche, it connects to Ethereum through the AEB bridge. For those users on Ethereum struggling with high gas fees – a common problem these days due to the NFT craze – Avalanche will provide a cheaper and faster alternative money market. BENQI will also generate revenue from protocols collected from borrowers and the interest spread. Those funds will be deposited into the Treasury for future uses. BENQI Milestones To Date With a strong focus on launching Liquidity Mining incentives for broader participation and the top-notch relation with key Avalanche staff and communities, BENQI plans to keep hitting milestone after milestone. Several of those milestones have been reached already,  including a fundraising round of $6 million with the help of notable VC funds. Strategic investors include Dragonfly Capital, GBV, Arrington XRP, Spartan, and others. The service brought to the table by this liquidity market protocol has not gone by unnoticed. As its services cater to DeFi and DeFi-curious users alike, BENQI secured $1 billion in Total Value Locked within days after its launch. That number has now risen to nearly $2 billion as more users contribute liquidity to the platform to facilitate decentralized lending and borrowing. Avalanche is clearly a strong contender for DeFi liquidity due to its more efficient nature. On the topic of seed and private funding, BENQI noted a 3x oversubscription on both rounds. The public sale for BENQI ended on April 29, 2021, and raised $6 million. Investors benefit from a 21.6x return on investment at the current price. Who Are The Team Members? The BENQI ventures consist of multiple individuals who share a common goal of decentralizing lending and borrowing in the most efficient way possible. Three of its members are co-founders of Rome Blockchain labs, Inc, an incubator and software development firm. JD Gagnon is one of its co-founders, along with Hannu Kuusi and Alexander Szul. Kuusi has over two decades of ICT experience and has been a heavy crypto fan since the early days of Bitcoin. Szul manages the development of the BENQI liquidity market platform.  With the help of crypto advocates Jason Tuang – a DeFi specialist with financial knowledge – and Hansen Niu – specialized in corporate strategy – the BENQI team started taking shape. These five individuals were joined by DeFi enthusiast and former small enterprise owner Dexter Lee and blockchain operations management specialist Dan Mgbor. Together, they created the liquidity market protocol the world knows as BENQI. The team will continue to push the boundaries of what the protocol is capable of and the services it can provide. Conclusion There are many benefits to BENQI, both for the users and the team itself. Being the first major liquidity market on the Avalanche blockchain creates a competitive advantage. Moreover, this move highlights the demand for alternative solutions to Ethereum-based decentralized finance. Finally, lower and faster transactions are beneficial to all parties involved. BENQI has the tools to compete with popular DeFi platforms such as AAVE, Compound, and CREAM. Moreover, the team is exploring options to bridge to other blockchains, including Binance Smart Chain. That will happen through asset rails that route from Avalanche's C-Chain through BENQI to centralized exchanges and vice versa. Users can rely on the existing bridge or use BENQI to transfer assets to the Avalanche C-Chain. Having multiple options is a significant benefit to all DeFi enthusiasts. Image: depositphotos/grandfailure Source: NewsBTC.com Crypto Breaking News | September 2, 2021 at 1:17 pm | Categories: News | URL: https://wp.me/papzAO-p5O Unsubscribe to no longer receive posts from Crypto Breaking News. Change your email settings at Manage Subscriptions. Trouble clicking? 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Crypto Breaking News posted: "Sber, the largest banking institution in Russia, continues progressing with the development of its blockchain-based platform for issuing digital assets.Anatoly Popov, deputy chairman of the executive board at Sber, said that the bank is planning to have r" New post on Crypto Breaking News Russian Sberbank plans to register its digital asset tool in September by Crypto Breaking News Sber, the largest banking institution in Russia, continues progressing with the development of its blockchain-based platform for issuing digital assets. Anatoly Popov, deputy chairman of the executive board at Sber, said that the bank is planning to have registered its digital asset issuance platform with the Bank of Russia — the country's central bank — by mid-September, local news agency TASS reported on Thursday. Popov said that Sber has started building functionalities to allows third parties to issue digital assets and expects to have rolled out this feature by the end of the year. At the time being, the bank is focused on issuance and management of Sber's own digital financial assets, he added. According to the executive, Sber is actively cooperating with the Russian central bank regarding functionalities and requirements for its upcoming digital asset product. Sber has recently sent an updated application for the platform to the Bank of Russia, following some feedback from the institution, Popov said. Sber is the largest banking and financial institution in Russia and one of the world's biggest public companies, ranking 51st on Forbes' Global 2000 list this year. Formerly known as Sberbank, the state-owned company last year rebranded to "Sber" to show the company's commitment to dive into digital services and become a technology leader rather than a pure banking institution. According to local reports, Sber has invested about $1 billion in its digital ecosystem in the first half of 2021. Related: Russian court orders Sber to unblock account used for Bitcoin trading As part of the company's move into digital services, Sber has been actively striving to launch digital asset-related services and its own digital assets. Earlier this year, the company applied with the Bank of Russia to launch a blockchain platform for its own stablecoin, known as Sbercoin, but thus far, the central bank has been strongly opposed to private firms offering stablecoins pegged to the Russian ruble. Sber has maintained a negative stance on private cryptocurrencies like Bitcoin (BTC), echoing a similar approach by the country's central bank. In June, Sberbank CEO Herman Gref argued that digital currencies like Bitcoin are the riskiest type of investment alongside the equity market. Source: Cointelegraph.com Crypto Breaking News | September 2, 2021 at 1:15 pm | Categories: News | URL: https://wp.me/papzAO-p5K Comment    See all comments Unsubscribe to no longer receive posts from Crypto Breaking News. Change your email settings at Manage Subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://cryptobreaking.com/russian-sberbank-plans-to-register-its-digital-asset-tool-in-september/

Crypto Breaking News posted: "ADA, the native token of the Cardano blockchain, has surged to a new record-high of $3.09 on Thursday amid a wider market comeback. The token has been rallying for the past month in anticipation of the scheduled Alonzo hard fork that will allow anyone to " New post on Crypto Breaking News Cardano Launches Smart Contracts on Testnet, Pushing ADA to New Highs by Crypto Breaking News ADA, the native token of the Cardano blockchain, has surged to a new record-high of $3.09 on Thursday amid a wider market comeback. The token has been rallying for the past month in anticipation of the scheduled Alonzo hard fork that will allow anyone to create and execute smart contracts on the Cardano blockchain. Over this period, ADA soared by more than 137% in value, becoming the third-largest cryptocurrency with a current market cap of $96.8 billion, or a 4.2% share of the entire market. By press time, the asset's price saw some correction, trading hands at $3.05, per CoinGecko. The most likely reason behind the latest surge has been the launch of smart contract functionality now available on a testnet. This means that developers can already start building decentralized applications to see how they work in a test environment before being showcased to the public. Yesterday, we upgraded the #Cardano testnet, successfully deploying #Plutus #smartcontracts capability. The focus now is on final component testing & exchange integrations, ahead of the #Alonzo mainnet upgrade, still on track for deployment on 12 September #Cardano $ADA pic.twitter.com/lrdiYIiNKD — Input Output (@InputOutputHK) September 2, 2021 Cardano to face challenges ahead Smart contracts, a term coined by blockchain pioneer Nick Szabo in the 1990s, represent bits of code that automatically commands and executes specific actions under predetermined circumstances. In the world of cryptocurrencies, smart contracts debuted on the Ethereum blockchain, however, as more projects leverage the power of the computer code, the competition in the field is heating up. While Cardano seems to be keen to capture its share of the pie, it remains to be seen whether the project led by Charles Hoskinson, one of Ethereum's original creators, will be able to disrupt the competitor's network. What Is Cardano's Alonzo Rollout and What Does It Mean for Ethereum? Ethereum is currently dominating the $95 billion space of decentralized finance (DeFi), with popular protocols like Aave, Maker, Curve, Uniswap, and Compound all topping the charts. DeFi is a subsection of the crypto industry that allows more complex financial services than simply buying and holding an asset without the need for a centralized intermediary. There are also multiple Ethereum platforms for non-fungible tokens (NFTs), online gambling and more. NFTs are unique digital tokens that can represent ownership of artworks, music, and even concert tickets. In addition, other major protocols including Tron and EOS, are competing in the market, which means that the road ahead of Cardano won't be an easy one. The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice. Source: Decrypt.co Crypto Breaking News | September 2, 2021 at 1:02 pm | Categories: News | URL: https://wp.me/papzAO-p5I Comment    See all comments Unsubscribe to no longer receive posts from Crypto Breaking News. Change your email settings at Manage Subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://cryptobreaking.com/cardano-launches-smart-contracts-on-testnet-pushing-ada-to-new-highs/

Crypto Breaking News posted: "The United States-based blockchain startup Simba Chain, which provides technology for several U.S. defense organizations, raised fresh funds to scale the business and tap new opportunities like nonfungible tokens (NFTs).The $25 million Series A funding ro" New post on Crypto Breaking News US defense contractor Simba Chain raises $25 million to boost NFT efforts by Crypto Breaking News The United States-based blockchain startup Simba Chain, which provides technology for several U.S. defense organizations, raised fresh funds to scale the business and tap new opportunities like nonfungible tokens (NFTs). The $25 million Series A funding round was led by Valley Capital Partners with the participation of Notre Dame Pit Road Fund, Elevate Ventures and Stanford Law School Venture Fund, according to an official announcement. Simba Chain would use the new funding to scale several departments within the company and to dedicate resources to emerging trends like NFTs. The company aims to be the tech provider for business enterprises, academic institutions and others who want to monetize digital and physical assets. As a startup incubated at the University of Notre Dame, Simba Chain offers a cloud-based smart contract platform with enterprise-level security for organizations that wants to deploy blockchain technology. The company says that its technology is currently used by the U.S. Air Force, Army, Navy and Marines as well as Boeing. Simba has grown its revenue by 360% over the last 18 months and surpassed 6,000 users. "Users across multiple spectrums have embraced and validated the SIMBA Chain model, which simplifies the development of smart contracts," said Simba Chain CEO and co-founder Joel Neidig. "The market has also responded positively to our support of multiple blockchains, including Ethereum, Avalanche, RSK, Stellar, and many others, making SIMBA Chain-based applications simple, highly portable and sustainable." Related: US Air Force prioritizes blockchain security with new Constellation Network contract Simba Chain first drew attention when the startup was picked by the U.S. Air Force in 2019 to provide a blockchain-based supply chain for the organization. Six months later, a California-based research group of the U.S. Navy paid Simba Chain $9.5 million to develop a secure messaging platform on the blockchain for the Department of Defense (DoD). The company scored another contract from the U.S. DoD, this time to develop a proof-of-concept for a blockchain-based data management system. Last year, Simba Chain won the Advanced Manufacturing Olympics, organized by DoD, with its use of blockchain to provide a secure network for a virtual wargame. Earlier this year, Simba Chain received a $1.5 million grant from the U.S. Office of Navy Research to revamp the supply chain of the United States military with a blockchain-based solution to enable demand sensing for critical military weaponry parts. Source: Cointelegraph.com Crypto Breaking News | September 2, 2021 at 12:35 pm | Categories: News | URL: https://wp.me/papzAO-p5G Comment    See all comments Unsubscribe to no longer receive posts from Crypto Breaking News. Change your email settings at Manage Subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://cryptobreaking.com/us-defense-contractor-simba-chain-raises-25-million-to-boost-nft-efforts/

Crypto Breaking News posted: "This past weekend at the Market America Worldwide Shop.com 2021 International Convention (MAIC2021), the president of the e-commerce firm, Steve Ashley, announced Shop.com sites from around the world will be accepting cryptocurrencies via Bitpay. This mea" New post on Crypto Breaking News Shop.com Announces Cryptocurrency Acceptance to 'Kick off the Next Chapter' of Business by Crypto Breaking News This past weekend at the Market America Worldwide Shop.com 2021 International Convention (MAIC2021), the president of the e-commerce firm, Steve Ashley, announced Shop.com sites from around the world will be accepting cryptocurrencies via Bitpay. This means that bitcoin, ethereum, bitcoin cash, and several other digital assets can be used to purchase products via Shop.com's websites. Shop.com Now Accepts Digital Currencies via Bitpay Shop.com is accepting cryptocurrencies via Bitpay, the largest crypto payment service provider in the world. Steve Ashley the president and COO of Shop.com announced "the use of cryptocurrency as the next chapter in purchasing products on all Shop.com sites." Ashley revealed the crypto support at the Market America Worldwide Shop.com 2021 International Convention (MAIC2021). "Today I'm announcing that Shop.com is going to be offering bitcoin, ethereum, and several other cryptocurrencies through Bitpay," said Ashley. "We're going to be offering this at Shop.com sites worldwide in all of our Market Countries," Ashley added. Shop.com is a fairly popular e-commerce web portal that's ranked 26,133 worldwide and 191 against "E-commerce and shopping" websites, according to similarweb.com statistics. Shop.com is owned by Market America, a multi-level marketing (MLM) firm that was created in 1992. Market America purchased Shop.com for an undisclosed sum at the end of 2010. Market America also specializes in manufacturing a line of Isotonix it introduced to the public the year after the company started. "Shop.com and Market America are such great brands," Sonny Singh, Bitpay's chief commercial officer said in a statement sent to Bitcoin.com News. "What I really like about them as such a great fit is because of your international presence. The fact that you're only doing 40% of your volume in America means it's a really global brand," Singh added. The Bitpay chief commercial officer continued: In countries like Taiwan, Thailand, Argentina, Brazil, and Indonesia, it's very hard to make payments. Credit cards are not everywhere and in those countries, BitPay and crypto is the cheapest, quickest payment option to accept Bitcoin and to receive crypto payment options as well. JR Ridinger, the founder and CEO of Market America, said that Shop.com, thanks to Steve Ashley's leadership, continues to be a trendsetter. "As different online retailers scramble to create a plan of action to implement things like accepting cryptocurrency as a method of online payment, thanks to Steve Ashley – we've already done that," Ridinger said. When visiting the Shop.com website, the web portal displays a newly added message about the crypto acceptance. The message leads to a page that describes how Shop.com customers can leverage the Bitpay crypto payment system to pay for items. The website also details that Shop.com customers can "earn cashback on thousands of products with Bitpay." What do you think about Shop.com announcing that the firm has implemented crypto acceptance across all of its websites? Let us know what you think about this subject in the comments section below. Source: Bitcoin.com Crypto Breaking News | September 2, 2021 at 12:30 pm | Categories: Bitcoin, Bitcoin Cash, Ethereum, News | URL: https://wp.me/papzAO-p5E Unsubscribe to no longer receive posts from Crypto Breaking News. Change your email settings at Manage Subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://cryptobreaking.com/shop-com-announces-cryptocurrency-acceptance-to-kick-off-the-next-chapter-of-business/

Crypto Breaking News posted: "MicroStrategy's stock (MSTR) is preparing to undergo a massive bull run in the sessions ahead.So shows a technical setup, dubbed inverse head and shoulder, that has a history of predicting upside moves with an accuracy of 83.44%, as per Samurai Trading Ac" New post on Crypto Breaking News MicroStrategy stock flips bullish with MSTR a Bitcoin 'proxy' for institutional investors by Crypto Breaking News MicroStrategy's stock (MSTR) is preparing to undergo a massive bull run in the sessions ahead. So shows a technical setup, dubbed inverse head and shoulder, that has a history of predicting upside moves with an accuracy of 83.44%, as per Samurai Trading Academy's research. MSTR appears to have formed a similar bullish structure, as shared by independent market analyst Bob Loukas. MicroStrategy stock daily chart featuring inverse head and shoulder setup. Source: Bob Loukas, TradingView.com In detail, an inverse head and shoulder (IH&S) setup forms when the price forms three troughs in a row, with the middle one (head) deeper than the other two (shoulders). Meanwhile, all the troughs hang by a price ceiling (neckline). Traditional chartists consider IH&S as bullish if the price breaks above the neckline with higher volumes. In doing so, the price expects to rise by as much as the distance between the middle trough's bottom and neckline. Applying the classic definition to the MSTR chart, the next profit target for the stock appears near $1,478, almost twice the current bid range. Is MSTR a shortcut to gain Bitcoin exposure?  The upside outlook for MSTR appears as it continues to stay positively correlated to Bitcoin (BTC), a highly volatile cryptocurrency propagated as "digital gold" by its hardcore enthusiasts. MicroStrategy owns 105,085 BTC worth around $5.23 billion as Bitcoin price returns to $50,000. In fact, the Nasdaq-listed company's exposure to Bitcoin has made MSTR a quasi-proxy for the flagship cryptocurrency. MSTR daily price chart versus BTC/USD. Source: TradingView.com MSTR has gained momentum, especially amid aggressive traders—those with a higher appetite for risks—with its year-to-date returns now at 65.21%. At the same time, Bitcoin prices have climbed 68.22%, with many analysts now anticipating the BTC/USD rates to grow double by the end of 2021 and hit $100,000. But MSTR and BTC/USD showed signs of decoupling after June. In the period, the MicroStrategy stock limited its downside moves against a comparatively aggressive bearish trend in the Bitcoin market. Financial analyst Alexander J Poulos spotted the deviation, noting that it could have been due to Capital Group's investment in MicroStrategy. In June, the U.S.-based financial services company, which runs the American Funds family of mutual funds, bought a 12.2% stake in MSTR. Poulos stressed that Capital Group's $600 million investment was an indirect way for it to gain exposure to Bitcoin. "With the SEC not approving a pure-play BTC ETF, MSTR will continue to serve as a proxy for fund families," he said, adding: "The move by the Capital Group is not an outlier. I expect others to initiate or add to their existing positions." A high-risk play MicroStrategy has amassed heavy debts to purchase Bitcoin. Therefore, considering they would sell their crypto holdings to respect their financial commitment to bond investors could be a potentially negative event for MSTR. In his SeekingAlpha op-ed, Joshua Sorto, the staff accountant at MNCPA, wrote that MicroStrategy could easily pay back the debt on their first $650 million convertible note—MSTR is already trading above $517 to convert notes into shares that do not require Microstrategy to sell the Bitcoin inventory. But the second convertible note has a conversion rate benchmark set at $1,432.46. That said, MicroStrategy would need to triple its market valuation by 2027, which means MSTR would need to rise over 100% before the bond's maturity. "In order for MSTR to do that, the analytics business will have to produce cash flows of $125 million per quarter; at the moment, it's running at less than half that level," Sorta said while referring to MicroStrategy's second-quarter earnings. The third note is not convertible. MicroStrategy has bought 13,005 BTC with nearly half a billion-dollar worth of proceeds. So, whether or not the firm would pay off its debt depends majorly on Bitcoin's performance until 2026. Related: MicroStrategy stock slides after announcing new $400M debt raise to buy Bitcoin In its filings with the U.S. Security and Exchange Commission, MicroStrategy has revealed a total of 49 risks, 47% of which concerns finance and corporates. Also, the risk tally comes to be higher than the S&P Average of 31.  MicroStrategy risk disclosures. Source: TipRanks Poulos admitted that he is bullish on Bitcoin in the coming years, which, in extension, means he is also bullish on MicroStrategy. Sorto also expressed a similar outlook, noting that MSTR's association with a booming Bitcoin industry would have the stock retain its upside outlook long-term. "There are no storm clouds on the horizon, but a few clouds in the distance are worth monitoring," he wrote. The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision. Source: Cointelegraph.com Crypto Breaking News | September 2, 2021 at 12:10 pm | Categories: Bitcoin, News | URL: https://wp.me/papzAO-p5C Comment    See all comments Unsubscribe to no longer receive posts from Crypto Breaking News. Change your email settings at Manage Subscriptions. Trouble clicking? 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Crypto Breaking News posted: "New York mayoral candidates are turning to crypto as part of their campaign promises.  "As New York City Mayor, I will make NYC the most cryptocurrency-friendly city in the nation. Property taxes, fines, and fees will be payable in crypto," tweeted Republ" New post on Crypto Breaking News New York Mayoral Candidates Turn to Crypto for Votes by Crypto Breaking News New York mayoral candidates are turning to crypto as part of their campaign promises.  "As New York City Mayor, I will make NYC the most cryptocurrency-friendly city in the nation. Property taxes, fines, and fees will be payable in crypto," tweeted Republican candidate Curtis Silwa yesterday.  "We will open more crypto ATMs and incentivize businesses to accept crypto. We must modernize our economy and make it accessible for all," he added.  Silwa's tweet—which was coupled with a graphic of Dogecoin, Ethereum, Bitcoin, and Ripple ATMs—is far from the first time a New York City mayoral candidate has pushed the crypto ticket.  Campaigning for crypto in New York Candidate Eric Adams, who won the New York Democratic primary, pledged to turn New York City into a "center of Bitcoins" earlier this year.  "We're going to bring business here. We're going to become the center of life science, the center of cybersecurity, the center of self-driving cars, drones, the center of Bitcoins," Adams said at a campaign watch party earlier in the summer.  For Adams, his pro-crypto pledge appears to be part of a wider push toward modernizing the city and embracing new technologies, rather than pushing for crypto exclusively.  In fact, as early as 2015, Adams confessed to wanting Bitcoin, Airbnb, and marijuana dispensaries in the city.  There is also Andrew Yang, mayoral candidate and former Democratic presidential candidate. "As mayor of New York City—the world's financial capital—I would invest in making the city a hub for Bitcoin and other cryptocurrencies," he said in February.  ...what about Miami?  If New York City becomes the United States' undisputed hub for crypto, it will have to overtake Miami, which is led by arguably the most pro-crypto mayor in the country.  Mayor Francis Suarez oversaw the city's hosting of this year's Bitcoin Conference, which brought some of the world's loudest Bitcoin advocates to Miami to argue for a future in crypto.  The View From Bitcoin City Earlier this year, Suarez set out on his crypto journey by creating a dedicated cryptocurrency team of his own, and even by purchasing some crypto in a personal capacity. Source: Decrypt.co Crypto Breaking News | September 2, 2021 at 11:42 am | Categories: News | URL: https://wp.me/papzAO-p5A Comment    See all comments Unsubscribe to no longer receive posts from Crypto Breaking News. Change your email settings at Manage Subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://cryptobreaking.com/new-york-mayoral-candidates-turn-to-crypto-for-votes/

Crypto Breaking News posted: "Iran's Ministry of Industry, Mine and Trade reportedly dismissed claims by leading power company Tavanir that blamed illegal cryptocurrency miners for the ongoing power shortages in the country.According to a report by the Financial Tribune, Alireza Hadi," New post on Crypto Breaking News Illegal crypto mining not the cause of power shortages in Iran, ministry says by Crypto Breaking News Iran's Ministry of Industry, Mine and Trade reportedly dismissed claims by leading power company Tavanir that blamed illegal cryptocurrency miners for the ongoing power shortages in the country. According to a report by the Financial Tribune, Alireza Hadi, the ministry's director of investment and planning, said that the figures announced by Tavanir "seem to be highly exaggerated." Hadi questioned Tavanir's claims that illegal mining activities consume 2,000 megawatts of power. "This amount would equal power used by 3 million pieces of hardware," he said. While mining cryptocurrency has been legalized by the Iranian government, Tavanir blames unregistered miners for nationwide power shortages. In August 2021, Tavanir spokesperson Rajabi Mashhadi said: "Unauthorized miners are the main culprits behind the power outages in recent months. We would have had 80% less blackouts if miners had halted their activities." Tavanir also claims to have shut down operations for over 5,000 mining farms in addition to confiscating 213,000 unauthorized mining hardware that was capable of consuming 850 megawatts. To date, Iran's Ministry of Industry, Mine and Trade has authorized 56 mining farms that collectively consume 400 megawatts, according to Tanavir's estimate. In 2020, the ministry authorized and registered 126,000 pieces of mining equipment, which consumed 195 megawatts when running at full capacity. Related: The Iranian government took down over a thousand crypto mining farms Last year, whistleblowers helped Tavanir close down 1,100 crypto mining farms that allegedly did not have proper licenses. Iranian citizens who help the authorities track down illegal miners were awarded 100 million rials ($480) as a bounty. Although Iran has approved registered businesses to conduct mining operations, authorities had warned crypto miners to register their business and equipment before the end of 2020. Source: Cointelegraph.com Crypto Breaking News | September 2, 2021 at 11:35 am | Categories: News | URL: https://wp.me/papzAO-p5y Comment    See all comments Unsubscribe to no longer receive posts from Crypto Breaking News. Change your email settings at Manage Subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://cryptobreaking.com/illegal-crypto-mining-not-the-cause-of-power-shortages-in-iran-ministry-says/

Crypto Breaking News posted: "Changpeng Zhao (aka CZ), founder and CEO of the world's largest cryptocurrency exchange Binance, has revealed that the its U.S. platform plans to conduct an initial public offering (IPO) within the next three years, The Information reported today. "Binanc" New post on Crypto Breaking News Binance US Expected to Go Public in 3 Years, Says CEO by Crypto Breaking News Changpeng Zhao (aka CZ), founder and CEO of the world's largest cryptocurrency exchange Binance, has revealed that the its U.S. platform plans to conduct an initial public offering (IPO) within the next three years, The Information reported today. "Binance.US is just going to do what Coinbase did," he reportedly told the outlet in a Zoom interview. While Binance is mostly a global entity, various local regulatory restrictions prompted it to launch a strictly American arm in September 2019. Consequently, Americans were ultimately barred from using Binance's global platform last November. Currently, Binance.US is available in most but not all U.S. states as its services are still out of reach for residents of Connecticut, Hawaii, Idaho, Louisiana, New York, Texas, and Vermont, according to the platform's FAQ. A successful IPO would help to legitimize Binance.US in the eyes of American regulators and may even have a positive effect on the broader crypto industry, according to Mati Greenspan, founder of crypto analytics outfit Quantum Economics. "A listing on a public stock exchange represents a coming to the light for many companies. Especially in the U.S. and particularly in crypto where the regulatory landscape has been a particular barrier," Greenspan told Decrypt. "Every crypto company that is traded on the big exchanges is a huge win for the entire sector." 7 Lessons From Coinbase's Public Listing Coinbase's direct listing became one of the most highly-anticipated events in the industry earlier his year. At the time, many crypto experts argued that Bitcoin would only benefit from Coinbase going public as it was a "watershed moment" for the crypto industry. Binance listing ambitions not without hurdles Konstantin Anissimov, executive director of crypto exchange CEX.IO, also noted that CZ's "hints about potentially going public are not surprising."  "After the Coinbase public debut, it's likely that every major player in the cryptocurrency industry entertains a question 'Should we also do it?'" he told Decrypt. "Going public is a natural step in the evolution of a company that grows beyond a certain size. It offers the opportunities to access substantial capital, provide liquidity to the core team, develop banking relationships, establish new partnerships. Anissimov added that going public also brings "new brand awareness and shifts the quality of relationships with the market" and "that's a serious phase shift." However, he explained that while an IPO would "definitely be a win" for Binance.US or any other exchange, this is not something that just "happens" to a company. "Before it can go public, there are a lot of things that need to be done right. An IPO forces the company to shape up—it has to disclose the audited financials, compensations, and lawsuits in the rigorous filing process. It is an opening of a black box. Is Binance prepared for this kind of transparency?" Anissimov noted. Binance Review: Can the World's Biggest Exchange Still Cut It in 2021? According to him, for its U.S. arm to successfully go public, it may be forced to "structurally and substantially disassociate" from the larger Binance entity if it decides against completely opening its books. "With the recent regulatory scrutiny that Binance faced, the first option (to open up) requires a lot of legal work for the company and, perhaps, forgoing some of the business ways they are used to. The second option (to disassociate) makes Binance.US much smaller and less appealing. Which way it goes would be the most curious thing to observe," Anissimov concluded. In the meantime, Binance.US also plans to close a large private fundraising round in the next couple of months, CZ revealed, which should also reduce his control over Binance's board. I'd like to thank all of you for your support in @binance. Our market share has continued to grow in the last few months: June: 69.7% July: 69.8% Aug: 70.1% Not by much, a little bit at a time. Earning user trust is key. Threadhttps://t.co/mesfLBGJcD — CZ Binance (@cz_binance) September 1, 2021 Despite growing concerns among regulators around the world of late, Binance's share of the crypto trading market has recently broken above 70%, according to a research report that CZ highlighted today. Source: Decrypt.co Crypto Breaking News | September 2, 2021 at 11:19 am | Categories: News | URL: https://wp.me/papzAO-p5w Comment    See all comments Unsubscribe to no longer receive posts from Crypto Breaking News. Change your email settings at Manage Subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://cryptobreaking.com/binance-us-expected-to-go-public-in-3-years-says-ceo/

Crypto Breaking News posted: "Three time NBA champion Stephen Curry has snapped up a Bored Ape Yacht Club nonfungible token (NFT) for 55 Ether worth around $206,000 at the time of publication. The Golden State Warriors star purchased an NFT depicting an ape with blue fur wearing a pla" New post on Crypto Breaking News Nifty News: NBA star snaps up Bored Apes and what is Loot playing at? by Crypto Breaking News Three time NBA champion Stephen Curry has snapped up a Bored Ape Yacht Club nonfungible token (NFT) for 55 Ether worth around $206,000 at the time of publication. The Golden State Warriors star purchased an NFT depicting an ape with blue fur wearing a plaid suit on Aug. 28. Curry's wallet on OpenSea shows a collection of 20 NFTs, including a 5.69 ETH ($21,000) purchase of Bored Ape Kennel Club NFT on Aug. 28. To the surprise of other collectors, Curry has since been active in the Bored Ape discord group and even changed his Twitter profile picture to display his recently purchased ape. .@StephenCurry30 just casually chillin in the bored ape discord pic.twitter.com/sREO3RIq2N — Storm (@CryptoStorm__) August 28, 2021 The Bored Ape Yacht Club project has shot up in popularity over the past few months. According to data from CryptoSlam the NFTs generated $295 million worth of sales on secondary markets in August. There are 10,000 NFTs in total, and data from OpenSea shows a current floor price of 36.2 ETH, or $135,000. Vine co-founder's new NFTs are a hit Dom Hofmann, co-creator of the Vine social media app has developed a simplistic-text-based NFT project that has generated $54.8 million in sales since launching on OpenSea on Aug. 27. The project describes its NFTs as "randomized adventurer gear generated and stored on chain," that some believe are intended for use in a future community-driven fantasy game. Hofmann announced "Loot: (for Adventurers)" via Twitter on Aug. 28, and has kept information minimal with short descriptions of the project's website and OpenSea. The project has no front-end interface, and initially the only way to obtain an NFT was to engage with the minting contract. LOOT - randomized adventurer gear - no images or stats. intentionally omitted for others to interpret - no fee, just gas - 8000 bags total opensea: https://t.co/qSnRJ1FD0n etherscan: https://t.co/bF9p0RSHX2 available via contract only. not audited. mint at your own risk pic.twitter.com/uLukzFayUK — dom (@dhof) August 27, 2021 The floor price for Loot NFTs has quickly risen to 6.1 ETH ($22,000) on OpenSea, which has led some to question the viability of requiring expensive NFTs to play the potential game. But while Hofmann's creation has captured the attention of NFT collectors and even some Web 3.0 developers — he has never actually stated that Loot would become a game. so on one hand Loot is by far one of the most interesting things i've seen in long time, but on other hand idea that floor = $24k means that it costs $24k to play the hypothetical future community created game? — wakaflocka.eth (@mikedemarais) August 31, 2021 Cointelegraph reported on Aug. 20 that Hofmann was working on an 8-bit NFT gaming project called "Supdrive" in which the NFTs will serve as games themselves for an on-chain gaming console. Hofmann has stated in the Supdrive Discord channel that Loot is not related to the project. Play-to-earn metaverse poker Decentral Games announced the development of a play-to-earn metaverse poker game slated for launch in October. 1/ Decentral Games is excited to announce the development of free-play, play-to-earn Metaverse poker! ♦️♣️♥️♠️ Read the announcement here: https://t.co/NMZBPdgTrz Read the whitepaper here: https://t.co/idXvAbiz8B A thread pic.twitter.com/g1isrCPFRi — Decentral Games (@DecentralGames) September 1, 2021 The game is called "ICE Poker" and will be hosted in the Decentral Games Metaverse. The game is free to play after either purchasing or acquiring at least one Iced NFT wearable. Players can earn the in-game currency dubbed "ICE token" via multiple methods such as competing in poker games, engaging with daily challenges, trading NFTs and "mining" ICE to sell to other players. According to a Sept. 1 blog post from Decentral Games, NFT sales will be launched later this month starting from a price of 0.1 ETH each ($375). The more NFTs a player has, the more poker chips they are allocated with each day. The games' launch partners include Collab+Currency, gmoney, Hashkey Capital, Ar.ca Funds, Binance Ventures, Decentraland Foundation, and Polygon Studios. BabyMetal NFTs may induce Megadeth Japanese pop-metal band BabyMetal is dropping a collection of tokenized trading cards on September 9. The NFTs are being dropped to commemorate the final live performance of the "10 BABYMETAL BUDOKAN" series from earlier this year. The collection consists of 20 tokenized trading cards that are split over three rarity levels with varying copies, and depict photos from the Budokan shows in Japan. The NFTs are not available for individual purchase, and come in two sets of card packs. The randomized five-card NFT packs will be priced at $35 each, while the 15-card "Mechapack" is priced at $125 and includes a physical copy of a 13-track golden vinyl album recorded from the live Budokan performances. The sale is being hosted on the Wax marketplace, and purchases can be made via credit card or Paypal. Roundup Larva Labs, the creators of CryptoPunks, Meebits and Autographs signed a deal with top Hollywood agents United Talent Agency (UTA). According to a Tuesday article from the Hollywood Reporter, UTA will represent Larva Labs for intellectual property deals in TV, film, video games, licensing and publishing. Earlier this week, NFT collector Pransky was duped out of 97.67 Ether ($366,000) after the website of popular artist Banksy was hijacked to promote a fake NFT auction. However, almost all of the money has since been refunded. Source: Cointelegraph.com Crypto Breaking News | September 2, 2021 at 10:23 am | Categories: News | URL: https://wp.me/papzAO-p5t Comment    See all comments Unsubscribe to no longer receive posts from Crypto Breaking News. Change your email settings at Manage Subscriptions. Trouble clicking? 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Crypto Breaking News posted: "Bitcoin, the world's first and largest cryptocurrency, is back above $50,000 on Thursday. Bitcoin reached this level on August 23, before pulling back. BTC is up 5.5% in the last 24 hours, according to CoinGecko, peaking at the local high of $50,171. With" New post on Crypto Breaking News Bitcoin Retests $50,000 Milestone for Second Time in 10 Days by Crypto Breaking News Bitcoin, the world's first and largest cryptocurrency, is back above $50,000 on Thursday. Bitcoin reached this level on August 23, before pulling back. BTC is up 5.5% in the last 24 hours, according to CoinGecko, peaking at the local high of $50,171. With a market cap of $941.6 billion, Bitcoin currently dominates 40.6% of the market. While this can be considered a rather positive start to a new month, historically September has been a difficult month for Bitcoin bulls. Data from bybt.com shows that investors have suffered losses in September for the past four years in a row, with maximum monthly returns slightly exceeding 6%. Source: bybt.com Ethereum, the second-largest cryptocurrency, is up 5.8% over the day, having re-tested levels above $3,800. At press time, ETH is changing hands at $3,742. Cardano rallies to a new record high Meanwhile, Cardano (ADA), which climbed to the third spot last month, hit a new all-time high of $3.09 earlier today, as the network prepares for the Alonzo hard fork–an eagerly anticipated upgrade that will bring smart contract functionality. Smart contracts are bits of code that self-execute commands and instructions under predetermined circumstances. As revealed by IOHK, the company developing Cardano, smart contracts went live on the network's testnet yesterday, with the mainnet rollout slated to occur on September 12. So there we have it. Since c. 20:20 UTC today, the #Cardano Testnet now officially supports #Plutus #smartcontracts. Final testing & integrations ahead. SPOs will now upgrade their mainnet nodes. Then next stop… mainnet upgrade. Still on track for 12 September. Onward! $ADA pic.twitter.com/Wl5CUpRB4L — Input Output (@InputOutputHK) September 1, 2021 Other top gainers of the day include VeChain, which is 9.2% up, ChainLink (+7.7%), Dogecoin (+7.1%), and Polkadot (5.3%). The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice. Source: Decrypt.co Crypto Breaking News | September 2, 2021 at 10:14 am | Categories: News | URL: https://wp.me/papzAO-p5r Comment    See all comments Unsubscribe to no longer receive posts from Crypto Breaking News. Change your email settings at Manage Subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://cryptobreaking.com/bitcoin-retests-50000-milestone-for-second-time-in-10-days/

Crypto Breaking News posted: "Binance's affiliate United States-based cryptocurrency exchange Binance US is targeting an initial public offering (IPO) in 2024, according to Binance CEO and founder Changpeng Zhao.BinanceUS is planning to close a large private funding round in the next " New post on Crypto Breaking News Binance CEO says US crypto exchange will go public in three years by Crypto Breaking News Binance's affiliate United States-based cryptocurrency exchange Binance US is targeting an initial public offering (IPO) in 2024, according to Binance CEO and founder Changpeng Zhao. BinanceUS is planning to close a large private funding round in the next two months that would allow the firm to become more independent from the global exchange, Zhao said on Sept. 1 in an interview with tech publication The Information. Zhao is confident that the global crypto exchange will survive the ongoing regulatory crackdown by global regulators, and that Binance US will move toward a public listing in three years. "Binance.US is just going to do what Coinbase did," Zhao stated. He said that Binance generated $800 million to $1 billion in profit last year. The news comes amid more global regulators raising concerns about Binance's operations, with the Monetary Authority of Singapore (MAS) adding Binance's website to its investor alert list on Sept. 1. The list provides a record of unregulated persons who "may have been wrongly perceived as being licensed or regulated by MAS." According to local reports, Binance Asia Services (BAS), the Singapore-based unit of Binance, operates as a separate entity and does not offer any services via Binance's website, running a different platform, Binance.sg, instead. In June, the MAS said it was planning to review BAS' application for a license under the Payment Services Act. Binance previously applied to operate in Singapore under the act in February 2020. Related: Binance incapable of effective supervision, British regulator states The MAS did not immediately respond to Cointelegraph's request for comment. As previously reported, Binance has been under increased scrutiny from global regulators in recent months, with warnings being issued by authorities in countries like the United Kingdom, the United States, Canada, Japan, Italy, Thailand and others. The exchange has stressed its commitment to cooperating with regulators multiple times. Source: Cointelegraph.com Crypto Breaking News | September 2, 2021 at 10:03 am | Categories: News | URL: https://wp.me/papzAO-p5n Comment    See all comments Unsubscribe to no longer receive posts from Crypto Breaking News. Change your email settings at Manage Subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://cryptobreaking.com/binance-ceo-says-us-crypto-exchange-will-go-public-in-three-years/

Crypto Breaking News posted: "Global crypto exchange OKEx is ramping up its decentralized finance (DeFi) efforts with the introduction of the DeFi Hub, a decentralized digital asset ecosystem that includes a marketplace for nonfungible tokens (NFTs). According to a Sep. 2 announc" New post on Crypto Breaking News Crypto exchange OKEx launches DeFi hub and NFT marketplace by Crypto Breaking News Global crypto exchange OKEx is ramping up its decentralized finance (DeFi) efforts with the introduction of the DeFi Hub, a decentralized digital asset ecosystem that includes a marketplace for nonfungible tokens (NFTs).  According to a Sep. 2 announcement, the crypto spot and derivatives exchange launched its DeFi Hub with two initial tools, NFT Marketplace and DeFi Dashboard. The NFT Marketplace enables users to mint their own NFTs to sell with a royalty fee that is set by the creator. Users would be able to import NFTs from other supported platforms like OKExChain to the OKEx NFT Marketplace, where they can buy, sell or trade nonfungible tokens "with zero fees paid out to OKEx." The new DeFi Hub requires a connection with the OKEx Wallet, a multi-chain decentralized wallet offered by the exchange as a browser extension. It offers a holistic view of users' decentralized assets across major blockchain networks and protocols with a DeFi Dashboard feature. Underscoring the need for a comprehensive system for the fast-growing NFT market, OKEx director Lennix Lai said that the DeFi Hub aims to accelerate the adoption of nonfungible tokens with the NFT Marketplace. "We're also thrilled to launch DeFi Dashboard to bring much-needed improvements to users' visualizations of their cryptocurrency portfolios," he added. Related: Record $900-million month for NFT sales as CryptoPunks go stratospheric Widely used as a new way to create digital arts, NFTs are verifiably unique representations of digital and physical goods. Since they are nonfungible like a regular currency, their value is set by the buyers' appetite and a seven-figure pricetag for digital art is not uncommon in the NFT world. With the growing demand for this new form of digital ownership, NFT marketplaces are becoming the new frontier not only within the crypto ecosystem but in the broad technology world as well. Last month, Chinese e-commerce giant Alibaba launched an NFT marketplace to allow trademark holders to sell tokenized licenses to their intellectual property. Source: Cointelegraph.com Crypto Breaking News | September 2, 2021 at 10:00 am | Categories: News | URL: https://wp.me/papzAO-p5p Comment    See all comments Unsubscribe to no longer receive posts from Crypto Breaking News. Change your email settings at Manage Subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://cryptobreaking.com/crypto-exchange-okex-launches-defi-hub-and-nft-marketplace/

Crypto Breaking News posted: "A 12-year-old boy from London reportedly earned nearly $400,000 (290,000 pounds) by selling a series of nonfungible tokens (NFTs) during the school holidays.In an interview with Geo.tv, Benyamin Ahmed shared his excitement about being able to make money o" New post on Crypto Breaking News British tween earns almost $400K on NFT sales without a bank account by Crypto Breaking News A 12-year-old boy from London reportedly earned nearly $400,000 (290,000 pounds) by selling a series of nonfungible tokens (NFTs) during the school holidays. In an interview with Geo.tv, Benyamin Ahmed shared his excitement about being able to make money online by selling NFT artworks "without having a bank account." Ahmed's artwork caught attention on Twitter and eventually went viral. Ahmed used his school holidays to create and tokenize digital pictures of whale emojis branded as Weird Whales, which were then sold in the form of NFTs online. Previously, the child had tokenized a Minecraft-inspired art set, which did not sell on the market due to low popularity. Imran Ahmed, the father of the young boy, reportedly taught Benyamin and his brother to code from the age of six. Despite not being able to open a bank account due to age limitations, Imran said: "Benyasim is highly creative, has no bank account and no accountant, therefore, he keeps his money in an online blockchain." Moreover, the father clarified that the reported earnings made through NFT sales have been converted to Ether (ETH), regardless of the price fluctuations. Related: Minting, distributing and selling NFTs must involve copyright law The recent NFT boom has unknowingly reintroduced uncertainty to the crypto ecosystem. As discussed in an opinion piece, the NFT landscape is yet to establish an infrastructure that respects copyright laws — for both the creators and purchasers. One of the long-term solutions for this issue can be involving organizations that specialize in copyright knowledge in NFT development. However, experts argue that this move will end up hampering the accessibility of NFT sales for both artists and purchasers. Source: Cointelegraph.com Crypto Breaking News | September 2, 2021 at 9:39 am | Categories: News | URL: https://wp.me/papzAO-p5l Comment    See all comments Unsubscribe to no longer receive posts from Crypto Breaking News. Change your email settings at Manage Subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://cryptobreaking.com/british-tween-earns-almost-400k-on-nft-sales-without-a-bank-account/

Crypto Breaking News posted: "The industry's largest crypto exchange, Binance, has been added to the Monetary Authority of Singapore's (MAS) Investor Alert List today. Binance.com, rather than the exchange's Singaporean platform, Binance.sg, is listed. It is unclear whether Binance.sg" New post on Crypto Breaking News Singapore Regulatory Places Binance on 'Investor Alert List' by Crypto Breaking News The industry's largest crypto exchange, Binance, has been added to the Monetary Authority of Singapore's (MAS) Investor Alert List today. Binance.com, rather than the exchange's Singaporean platform, Binance.sg, is listed. It is unclear whether Binance.sg will be classified similarly. The MAS adds entities to the Investor Alert List that it believes "may have been wrongly perceived as being licensed or regulated by MAS." The MAS is Singapore's central bank and financial regulator, overseeing both monetary policy as well as monitoring the countries financial sector. In August, a spokesperson from MAS told Decrypt that Binance's registered entity in Singapore, Binance Asia Services, was not currently licensed. It has applied for a license, and while the regulator reviews the application, the entity is temporarily exempt from licensing under Singapore's Payment Services Act until the application is "approved, rejected, or withdrawn," said the spokesperson. In this context, the addition to the Investor Alert List may serve as a reminder of these preexisting circumstances and that though Binance.com is temporarly exempt, it remains unlicensed. For Binance, the news is just the latest in the company's regulatory woes. Binance US CEO Quit Amid Battle Over Independence From Changpeng Zhao: Reports Binance in the hot seat With a 24-hour volume of nearly $30 billion, offices spread around the world, and, reportedly, no centralized headquarters, Binance has drawn ire from many regulators. Elsewhere in Asia, both Japan and Malaysia have warned that the crypto exchange is operating in the country with the requisite license. In the UK, Italy, and Holland, authorities have issued similar warnings. The Financial Conduct Authority (FCA) in the UK went as far as to say that the FCA "considers that the firm is not capable of being effectively supervised. This is of particular concern in the context of the firm's membership of a global Group which offers complex and high-risk financial products, which pose a significant risk to consumers." Binance has not been idle amid these concerns either. On August 20, the exchange demanded that all users complete thorough Know Your Customer (KYC) verification before using the platform's services. This means that users must supply the exchange with personal information including passport details and a selfie image. The firm's CEO, Changpeng Zhao, is also eyeing a public listing akin to competitor's Coinbase, according to reports from July. It remains to be seen if the latest spat with the globe's financial authorities will hamper these plans. Source: Decrypt.co Crypto Breaking News | September 2, 2021 at 9:29 am | Categories: News | URL: https://wp.me/papzAO-p5j Comment    See all comments Unsubscribe to no longer receive posts from Crypto Breaking News. Change your email settings at Manage Subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://cryptobreaking.com/singapore-regulatory-places-binance-on-investor-alert-list/

Crypto Breaking News posted: "An overwhelming majority of Russian investors view cryptocurrencies as a more attractive investment proposition than traditional fiat currencies or gold, a new survey has established. Even among those who have never traded digital assets, most already thi" New post on Crypto Breaking News Poll: 3 Out of 4 Russian Investors Would Rather Buy Cryptocurrency Than Gold or Fiat by Crypto Breaking News An overwhelming majority of Russian investors view cryptocurrencies as a more attractive investment proposition than traditional fiat currencies or gold, a new survey has established. Even among those who have never traded digital assets, most already think of buying crypto in the near future. Crypto Is the Promising Opportunity for Russian Investors National currencies are losing attractiveness for investors in Russia, a poll by the country' Association of Forex Dealers (AFD) has recently found. Only a little over 14% of the respondents said they would put money into fiat while a staggering majority of 76.9% would rather buy cryptocurrencies such as bitcoin. Less than 9% don't see good perspectives in any currency and have chosen gold. Over 17% of the participants in the survey transact with digital currencies at least once a month and 35.1% trade crypto even more often than that. Another 24.7% can skip a month and less than a quarter, or 23.1%, have never performed crypto transactions. However, 77.1% of the latter group of investors, those who have never traded digital coins, consider acquiring cryptocurrency in the near future. Another 15.3% of the polled admitted they had not yet made a final decision on the matter, and only 7.6% stated they were not going to buy crypto at all. The poll has been conducted between Aug. 4 and 24 among 502 respondents, more than 90% of whom were males in the age range of 25 to 44 years. An impressive 76.5% of them believe that the share of digital currencies in circulation will continue to grow within the next five years and 8% expect them to replace cash completely. A study in April showed that 14% of all Russians aged 18-65 think cryptocurrency will oust fiat in a decade. Another interesting finding in the AFD survey, quoted by Forklog, is that over half of the questioned investors, 51.5%, decided to buy digital currencies in order to increase their long-term savings while those who sought quick profits are only 8%. Respondents who intended to use coins to pay for goods and services are 22.2%. They have also admitted their plans were negatively affected by the law "On Digital Financial Assets." Most Russian investors who took part in the poll share an opinion that regulation is important, to weed out unscrupulous market players, for example. But at the same time, 40.4% said government control should be as limited as possible. Almost 16% believe cryptocurrencies do not require any regulations and close to 9% doubt that decentralized digital money can at all be subjected to state control in the first place. Do you agree with Russian investors that crypto assets are the most promising investment opportunity? Tell us in the comments section below. Source: Bitcoin.com Crypto Breaking News | September 2, 2021 at 9:00 am | Categories: Cryptocurrency, News | URL: https://wp.me/papzAO-p5h Unsubscribe to no longer receive posts from Crypto Breaking News. Change your email settings at Manage Subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://cryptobreaking.com/poll-3-out-of-4-russian-investors-would-rather-buy-cryptocurrency-than-gold-or-fiat/

Crypto Breaking News posted: "Bitcoin (BTC) swiftly reclaimed $50,000 on Sep. 2 as bears felt maximum pain and lost hundreds of millions of dollars.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBitcoin sparks a fresh bear bloodbathData from Cointelegraph Markets Pro and T" New post on Crypto Breaking News BTC price returns to $50K as Bitcoin bears lose $450M in daily liquidations by Crypto Breaking News Bitcoin (BTC) swiftly reclaimed $50,000 on Sep. 2 as bears felt maximum pain and lost hundreds of millions of dollars. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin sparks a fresh bear bloodbath Data from Cointelegraph Markets Pro and TradingView showed BTC/USD suddenly breaking through the $50,000 mark to hit its highest since Aug. 23. After a night of bullish action, the pair left its lower trading range of recent weeks behind, with volatility still significant at the time of writing. Local highs topped $50,300 on Bitstamp. As Cointelegraph reported, $51,000 remains the level to beat in order to cement a continuation of the 2021 Bitcoin bull run. Heavy resistance remained at that level Thursday, with analysts waiting to see if the latest uptick had the momentum required to change the longer-term paradigm. BTC/USD buy and sell positions (Binance) as of Sep. 2. Source: Material Indicators/ Twitter "Bitcoin facing final hurdle before $57K," Cointelegraph contributing analyst Michaël van de Poppe tweeted in his latest update. "Welcome back to $50,000 BTC," fellow analyst Rekt Capital added. Short traders lost out heavily from the upside, liquidations hitting almost half a billion dollars in the past 24 hours. BTC/USD liquidations chart. Source: Bybt Not so boring after all As Cointelegraph noted, September tends to be a "boring" month when it comes to Bitcoin returns, with 6% currently the best performance on record. Related: ADA price hits $3 for the first time as Cardano, Ethereum lead crypto 'super bull cycle' Price forecasts take account of the anomaly, with the popular "worst-case scenario" series from stock-to-flow model creator PlanB calling for a $43,000 minimum monthly close. Will August indeed close >$47K? Btw these are worst case / floor estimates, so do not worry about Sep >$43K, my base case prediction is based on S2F: $100K. I use the floor stuff for options. pic.twitter.com/HGXa5MMqH0 — PlanB (@100trillionUSD) August 31, 2021 The statistician's August monthly close prediction, $47,000, was exactly on point. October, he calculates, should close at a minimum of $68,000 — a new all-time high. Source: Cointelegraph.com Crypto Breaking News | September 2, 2021 at 8:37 am | Categories: Bitcoin, News | URL: https://wp.me/papzAO-p5f Comment    See all comments Unsubscribe to no longer receive posts from Crypto Breaking News. Change your email settings at Manage Subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://cryptobreaking.com/btc-price-returns-to-50k-as-bitcoin-bears-lose-450m-in-daily-liquidations/

Crypto Breaking News posted: "As decentralized finance (DeFi) garners more traction in the blockchain industry, more projects also get launched into the market. By the end of 2020, the DeFi market size stood at approximately $16 billion. However, within the Q3 2021, the market size ha" New post on Crypto Breaking News Hashbon Moves to DeFi to Launch CDEX Platform and Connect Ethereum and Binance Smart Chains by Crypto Breaking News As decentralized finance (DeFi) garners more traction in the blockchain industry, more projects also get launched into the market. By the end of 2020, the DeFi market size stood at approximately $16 billion. However, within the Q3 2021, the market size has grown to an estimated $154 billion in total value locked. The exponential market growth is the major reason we have more projects entering the DeFi market. These new projects are not just launching into the market; they are offering solutions to some of the issues in the industry. This is the case of Hashbon FiRe (Finance Reinvented ecosystem) as it enters the DeFi market with its Hashbon Rocket, a decentralized cross-chain token exchange. The Hashbon Rocket CDEX Platform Hashbon Finance Reinvented prepares to launch its Hashbon Rocket on September 9, 2021. The Hashbon Rocket CDEX platform is to become the first cross-chain decentralized exchange. This pioneer CDEX platform seeks to solve the problem of exchanging any ERC-20 token for any BEP-20 token in a decentralized finance manner. Unlike the traditional decentralized exchanges that support only intra-chain swaps, Hashbon Rocket CDEX will begin with exchanges between Ethereum and Binance Smart Chain blockchain protocols. The platform will later expand to accommodate other Ethereum Virtual Machine (EVM) compatible networks. Hashbon Rocket CDEX-platform will use the proof-of-stake (PoS) consensus mechanisms. Here, the arbiters (judges) make decisions, and the power of their share is dependent on their share of HASH tokens. The higher the number of HASH tokens that arbiters have, the higher the reward for a correct response and, conversely, the higher penalty for an incorrect vote. If you want to study the full details of the Hashbon Rocket algorithm, kindly see the project's whitepaper. According to the CEO of Hashbon Rocket, Grigory Bibaev, "cross-chain exchange between EVM-compatible blockchains is just the first step. In the future, we see Hashbon Rocket as a multifunctional DeFi platform that provides a variety of services from DeFi bonds for corporations to lending and staking." Token for Governing Hashbon Rocket (HASH) HASH token is a BEP-20 and ERC-20 compliant token and can be tracked on EtherScan and BscScan. It will serve as the utility and governance token for the Hashbon Rocket cross-chain decentralized exchange. It is the fuel that empowers the different system participants. To make exchanges on the Hashbon Rocket CDEX platform, liquidity providers must pay arbiters with HASH tokens. In turn, these arbiters will use the tokens as voting power for verifying and approving transactions. The tokens can also give arbiters the power to submit proposals to Hashbon. Also, the people wishing to issue DeFi bonds or launch a crowdsale make use of the HASH token. Currently, HASH is available on the Pre-Sale before Rocket's launch for those who are ready to take advantage of its price and entering this DeFi ecosystem at the earliest stage. Before, HASH was listed on Uniswap, PancakeSwap, BurgerSwap, and also placed on CoinMarketCap and CoinGecko. Overview of the Hashbon Ecosystem Hashbon FiRe is a crypto payment ecosystem that was launched in 2016. The vision of the platform has been to bring crypto payments to crypto enthusiasts and day-to-day businesses. As the team seeks a new era of blockchain and decentralized finance development, "Finance Reinvented" (FiRe) became their mission. In their quest to revolutionize the crypto payment landscape, Hashbon has created a diversified ecosystem that includes the following: Hashbon Rocket CDEX-platform: Designed for swapping cross-chain tokens. Hashbon Quant Wallet: Developed for the smooth transfer and receiving cryptos safely. Hashbon React Payment Gateway: It allows merchants to accept payments in 30+ cryptocurrencies without having to pay any commission. Source: NewsBTC.com Crypto Breaking News | September 2, 2021 at 8:02 am | Categories: News | URL: https://wp.me/papzAO-p5d Unsubscribe to no longer receive posts from Crypto Breaking News. Change your email settings at Manage Subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://cryptobreaking.com/hashbon-moves-to-defi-to-launch-cdex-platform-and-connect-ethereum-and-binance-smart-chains/

Crypto Breaking News posted: "Cardano's ADA token surged to new all-time highs on Sep. 2 as an altcoin comeback gripped cryptocurrency markets.ADA/USD 1-day candle chart (Binance). Source: TradingViewCardano joins Ethereum in serious gainsData from Cointelegraph Markets Pro and Tradin" New post on Crypto Breaking News ADA price hits $3 for the first time as Cardano, Ethereum lead crypto 'super bull cycle' by Crypto Breaking News Cardano's ADA token surged to new all-time highs on Sep. 2 as an altcoin comeback gripped cryptocurrency markets. ADA/USD 1-day candle chart (Binance). Source: TradingView Cardano joins Ethereum in serious gains Data from Cointelegraph Markets Pro and TradingView showed ADA/USD clipping $3.06 during trading Thursday. Having shown strength for multiple weeks, Cardano benefited from a broader altcoin resurgence after attempting to hit the $3 mark throughout the second half of August. The move coincided with the launch of the Cardano Alonzo testnet, ahead of a mainnet debut later this month. At the time of writing, ADA/USD remained above $3 while taking a break at $3.066 on Binance. Weekly gains totaled 17.2%, while Ether (ETH) nonetheless outshined within the top-ten cryptocurrencies by market cap with 20.5% weekly returns. ETH/USD traded at almost $3,800 Thursday, around $600 short of its historic all-time highs seen in mid-May. ETH/USD 1-day candle chart (Bitstamp). Source: TradingView Stars align for a crypto bull run ETH had begun the upwards moves for altcoins, which originally came about as Bitcoin (BTC) cooled around $47,000. As BTC/USD then began to follow suit, a snowball effect appeared to enter the market, with all but three of the top-50 crypto tokens in the green on the day. Related: Price analysis 9/1: BTC, ETH, ADA, BNB, XRP, DOGE, SOL, DOT, UNI, LUNA "We're entering the second phase of this super bull cycle and I like it. Enjoy it," Cointelegraph contributing analyst Michaël van de Poppe summarized. As Cointelegraph reported, the foundations appear to be in place for renewed strength in Bitcoin and altcoins, the former's on-chain metrics and fundamentals firmly bullish. Source: Cointelegraph.com Crypto Breaking News | September 2, 2021 at 7:25 am | Categories: Cardano, Ethereum, News | URL: https://wp.me/papzAO-p5b Comment    See all comments Unsubscribe to no longer receive posts from Crypto Breaking News. Change your email settings at Manage Subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://cryptobreaking.com/ada-price-hits-3-for-the-first-time-as-cardano-ethereum-lead-crypto-super-bull-cycle/

Crypto Breaking News posted: "However, he also believes the Taliban will embrace digital assets too. In a Sept. 1 interview with CNBC, Hoskinson, also a co-founder of Ethereum expressed his expectation that "cryptocurrencies will play a larger role in Afghanistan [...] in the war for " New post on Crypto Breaking News Cardano founder says crypto will be vital to Afghani fight against Taliban by Crypto Breaking News However, he also believes the Taliban will embrace digital assets too. In a Sept. 1 interview with CNBC, Hoskinson, also a co-founder of Ethereum expressed his expectation that "cryptocurrencies will play a larger role in Afghanistan [...] in the war for and against the Taliban forces." Hoskinson highlighted the need for financial privacy-preserving technologies in Afghanistan, stating: Cardano founder Charles Hoskinson believes that digital assets may play an important role in offering financial privacy to Afghani citizens following the withdrawal of US forces. "Afghan's digital life is now under scrutiny, the last two decades are being reviewed by a regime that if you expressed your opinion in ways that don't fit their regressive viewpoints you are now under threat of harassment, imprisonment or even death." While concrete presumptions around how cryptocurrencies will benefit Afghan society were scant, adopting digital assets would allow Afghan citizens to evade the Taliban's attempts to track personal spending or seize their crypto assets. Using digital assets as a store of value could also provide protection against inflation, with some analysts speculating that Afghanistan may soon face a crisis of hyperinflation. While many local bank accounts have been frozen at the behest of international aid organizations and the United States, Western Union also suspended services in the country until further notice last week — limiting the means available to Afghani citizens seeking to transfer their assets internationally. "Western Union understands the urgent need people have to receive funds, and we are committed to resuming operations for our customers in Afghanistan as conditions permit," the company said in a statement. There are already many organizations that have shifted to accept cryptocurrencies in an effort to facilitate funding of basic needs and medical care for the Afghan people. Related: Crypto can alleviate the financial fallout for people in Afghanistan Crypto adoption appears to have been rising in Afghanistan over recent years, with the country currently ranking 20th according to Chainalysis' 2021 Global Crypto Adoption Index. Other developing countries including Venezuela, Vietnam, the Philippines and neighbor Pakistan also dominate the adoption rankings, suggesting digital assets are seeing significant adoption in countries with poor financial infrastructure. Source: Cointelegraph.com Crypto Breaking News | September 2, 2021 at 7:06 am | Categories: Cardano, News | URL: https://wp.me/papzAO-p59 Comment    See all comments Unsubscribe to no longer receive posts from Crypto Breaking News. Change your email settings at Manage Subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://cryptobreaking.com/cardano-founder-says-crypto-will-be-vital-to-afghani-fight-against-taliban/

Crypto Breaking News posted: "On August 31, 2021, Offchain Labs announced the official launch of Arbitrum One mainnet and further detailed that the company has raised $120 million in funding. The Series B financing led by Lightspeed Venture Partners gives the firm a $1.2 billion valua" New post on Crypto Breaking News Offchain Labs Launches Arbitrum One Mainnet — Startup Raises $120 Million by Crypto Breaking News On August 31, 2021, Offchain Labs announced the official launch of Arbitrum One mainnet and further detailed that the company has raised $120 million in funding. The Series B financing led by Lightspeed Venture Partners gives the firm a $1.2 billion valuation. Arbitrum One Mainnet Is Now Live, Offchain Labs Raises $120 Million in Funding The highly anticipated Arbitrum One mainnet launch has been revealed by the firm Offchain Labs and the startup also detailed the company has raised $120 million in financing. Bitcoin.com News has written about the Arbitrum One Layer-2 scaling solution on a few occasions as the protocol leverages Optimistic rollups to help Ethereum scale. A number of popular decentralized finance (defi) projects are leveraging Arbitrum's gateway in order to give users better fee rates and faster actions. Arbitrum's technology is leveraged by defi projects like Aave, Balancer, Band Protocol, Coinbase Wallet, Chainlink, Curve, DAI stablecoins, Etherscan, Dodo, Metamask, Shapeshift, Sushiswap, Uniswap, and many more. In addition to the launch, Offchain Labs revealed the startup raised $120 million in funding led by Lightspeed Venture Partners. Other Offchain Labs investors included the Shark Tank television host and billionaire Mark Cuban, Polychain Capital, Ribbit Capital, Redpoint Ventures, Pantera Capital, and Alameda Research. Over 400 Projects Leverage Arbitrum's Technology, Synfutures Implements Arbitrum Bitcoin.com News also reported on how the popular online forum website Reddit is using Arbitrum's technology with its Ethereum-based community points system. "[Offchain Labs'] dedication to the Ethereum developer community is second to none and they have the best, easiest-to-use scalability product. That's why over 400 projects have chosen to launch with Arbitrum, including Reddit," Amy Wu, a partner at Lightspeed said in a statement. Moreover, a few other projects added Arbitrum One support to line up with the mainnet launch. ​​Decentralized derivatives exchange Synfutures revealed on Wednesday that the project was "now deployed on Arbitrum One." "As we support the variety of investors entering the decentralized derivatives space, we want to be where they are. In a short time, Arbitrum has established itself as one of the most promising chains in the space, so the integration was a natural fit for us," Rachel Lin, the founder and CEO at Synfutures detailed. What do you think about the Arbitrum One mainnet launch and Offchain Labs raising $120 million? Let us know what you think about this subject in the comments section below. Source: Bitcoin.com Crypto Breaking News | September 2, 2021 at 7:00 am | Categories: News | URL: https://wp.me/papzAO-p57 Unsubscribe to no longer receive posts from Crypto Breaking News. Change your email settings at Manage Subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://cryptobreaking.com/offchain-labs-launches-arbitrum-one-mainnet-startup-raises-120-million/

Crypto Breaking News posted: "The combined market cap of publicly-listed crypto firms has roughly quadrupled this year while the number of public digital asset firms has increased by 28% over the same period.A new report from CoinShares estimates that public "cryptocurrency pure play " New post on Crypto Breaking News The total market cap of public crypto stocks has quadrupled since January by Crypto Breaking News The combined market cap of publicly-listed crypto firms has roughly quadrupled this year while the number of public digital asset firms has increased by 28% over the same period. A new report from CoinShares estimates that public "cryptocurrency pure play companies" were worth roughly $25 billion at the start of the year, with mining firms and financial service providers representing the lion's share of value. While the report notes that 16 digital asset firms have gone public this year — increasing the number of public crypto companies to 57 public companies, the combined capitalization of said firms has skyrocketed to nearly $100 billion. This year has already seen the greatest influx of public crypto firms out of any calendar year, followed by 2018 with 14. Just three firms went public during 2014, 2016 and 2017 respectively. Number of crypto firms going public each year: CoinShares The report highlighted the April initial public offering (IPO) of leading U.S.-based centralized exchange Coinbase, describing the offering as "the first true large cap pure play in this sector."  Amid Coinbase's April IPO, the capitalization of public digital asset firms surged to a record high of nearly $120 billion. By contrast, the sector's combined market cap was less than $3 billion at the start of 2020. The 15 public crypto exchanges now represent 62% of the sector's combined capitalization at roughly $59 billion, followed by 19 financial services firms with nearly $20 billion and 20 mining companies with $10 billion. Public mining firms have seen the strongest year-to-date (YTD) gains with 121% on average, followed by crypto financial services companies with 105% and exchanges with just 34%. The crypto firms that went public in 2016 have enjoyed the largest gains in share price this year, posting an increase of roughly 140% on average. Then 2018's cohort ranks second by YTD gains with 115% on average, followed by 2017 with approximately 110%, and 2019 with 95%. 2020's firms are currently up by just 19% on average, with the report suggesting that "most of these companies were already floated at higher valuations." Average YTD performance public crypto stocks by year of listing: CoinShares CoinShares also notes that the average capitalization of public crypto firms has increased dramatically this year from $1.1 billion in 2019 and 2020 to $3.8 billion. Related: Reports suggest that a mainstream tech giant holds shares of Coinbase stock The liquidity of public crypto stocks has also increased significantly this year, with most shares representing less than $500,000 in daily volume until the end of 2020. While only two of 23 listed crypto firms were considered liquid at the end of the 2019, the figure jumped to 20 of 41 in December 2020, and 48 of 57 as of July 2021. Source: Cointelegraph.com Crypto Breaking News | September 2, 2021 at 6:40 am | Categories: News | URL: https://wp.me/papzAO-p53 Comment    See all comments Unsubscribe to no longer receive posts from Crypto Breaking News. Change your email settings at Manage Subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://cryptobreaking.com/the-total-market-cap-of-public-crypto-stocks-has-quadrupled-since-january/

Crypto Breaking News posted: "Supply chain platform VeChain has reached a milestone in terms of uptime and processed blocks on the VeChain Thor mainnet.The VeChain Foundation posted the achievement on its Twitter feed on Sept. 1, adding that it was "a major milestone that is testament" New post on Crypto Breaking News VeChain Thor mainnet reaches 10 million blocks milestone with no downtime by Crypto Breaking News Supply chain platform VeChain has reached a milestone in terms of uptime and processed blocks on the VeChain Thor mainnet. The VeChain Foundation posted the achievement on its Twitter feed on Sept. 1, adding that it was "a major milestone that is testament to our public blockchain's scalability, security, and rock-solid stability." The VeChain Thor network has now surpassed 10 million blocks and was currently processing block number 10,004,141 at the time of writing. Comparatively, Bitcoin has recorded a 99.98% uptime since January 2009 according to this tracker. The Foundation noted it has seen con enterprise usage from commerce giant Walmart and governmental adoption from both San Marino and China, where the project has close ties. VeChain partnered with a Walmart subsidiary in China to track food products in June 2020. According to the Foundation there are some major infrastructural updates in the pipeline such as Proof of Authority 2.0 alongside "more partnerships and use cases, community dApps, growth and more." VeChain uses a Proof-of-Authority consensus mechanism which enables the network to process high-speed transactions based on identity and reputation as a stake, using just 101 authority nodes. The enterprise supply chain management platform plans to upgrade to a next-generation consensus mechanism called PoA 2.0-SURFACE, which it describes as a "secure, use-case adaptive, and relatively fork-free approach of chain extension." The upgrade will enable higher on-chain throughput and reduced forking probability with the "highest level of data security unfound in any other blockchain platforms," according to VeChain. VeChain launched its public testnet with the first two components of the consensus upgrade in late July, however, did not specify a launch date for the final mainnet. More recently, VeChain announced a partnership with global commercial real estate services firm Jones Lang LaSalle Incorporated. The firm is working with VeChain to explore sustainable blockchain adoption with a view to expanding its operations in China. Related: Enterprise-level partnerships send VeChain (VET) price to new highs On Aug. 26, Cointelegraph reported that VeChain had unveiled a new initiative that will assist businesses in tracking and reporting their carbon footprint data. It touted the new Digital Carbon Footprint SaaS Service as a "rapidly deployable tool, enabling enterprises of all sizes to re-engineer their carbon footprint data management practices." VeChain's native token, VET, has been making solid gains on the back of recent project developments. VET has gained 14% over the past 24 hours to trade at $0.138 according to CoinGecko and is now up 60% over the past month — but still 51% down from its Apr. 19 all-time high of $0.28. Source: Cointelegraph.com Crypto Breaking News | September 2, 2021 at 6:31 am | Categories: News | URL: https://wp.me/papzAO-p55 Comment    See all comments Unsubscribe to no longer receive posts from Crypto Breaking News. Change your email settings at Manage Subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://cryptobreaking.com/vechain-thor-mainnet-reaches-10-million-blocks-milestone-with-no-downtime/

Crypto Breaking News posted: "Ethereum started a strong rally and it cleared $3,500 against the US Dollar. ETH price even climbed above $3,800 and it could rise further towards $4,000 in the next few days. Ethereum started a major increase above the $3,500 and $3,650 resistance level" New post on Crypto Breaking News TA: Ethereum Stages Major Rally, Why ETH Could Revisit $4K by Crypto Breaking News Ethereum started a strong rally and it cleared $3,500 against the US Dollar. ETH price even climbed above $3,800 and it could rise further towards $4,000 in the next few days. Ethereum started a major increase above the $3,500 and $3,650 resistance levels. The price is now trading above $3,700 and the 100 hourly simple moving average. There is a key bullish trend line forming with support near $3,600 on the hourly chart of ETH/USD (data feed via Kraken). The pair could dip in the short-term, but it might find bids near $3,680 or $3,620. Ethereum Price Extends Rally Ethereum remains in a strong uptrend above the $3,500 pivot level. ETH gained pace and it was able to surpass the $3,650 resistance level. The price even surpassed $3,750 and settled well above the 100 hourly simple moving average. Finally, there was a break above $3,800 and the price tested the $3,840 zone. A high is formed near $3,843 and the price is now correcting lower. It traded below the $3,800 level. There was a break below the 23.6% Fib retracement level of the upward move from the $3,520 swing low to $3,843 high. Ether price is now consolidating near the $3,750 level. It is also trading well above $3,700 and the 100 hourly simple moving average. Source: ETHUSD on TradingView.com There is also a key bullish trend line forming with support near $3,600 on the hourly chart of ETH/USD. An immediate resistance on the upside is near the $3,800 level. The first major resistance is near the $3,850 level. If there is a clear break above the $3,850 level, the price could accelerate higher towards the $3,900 level. The next main resistance is near the $4,000 level. Dips Limited in ETH? If ethereum fails to continue higher above the $3,800 and $3,850 resistance levels, it could start a downside correction. An immediate support on the downside is near the $3,700 level. The next major support is now forming near the $3,680 zone. It is close to the 50% Fib retracement level of the upward move from the $3,520 swing low to $3,843 high. A downside break below the $3,680 zone could lead the price towards the trend line support at $3,600. Technical Indicators Hourly MACD – The MACD for ETH/USD is slowly losing pace in the bullish zone. Hourly RSI – The RSI for ETH/USD is correcting lower from well above the 70 level. Major Support Level – $3,680 Major Resistance Level – $3,850 Source: NewsBTC.com Crypto Breaking News | September 2, 2021 at 6:08 am | Categories: Ethereum, News | URL: https://wp.me/papzAO-p51 Unsubscribe to no longer receive posts from Crypto Breaking News. Change your email settings at Manage Subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://cryptobreaking.com/ta-ethereum-stages-major-rally-why-eth-could-revisit-4k/

Crypto Breaking News posted: "The central banks of Australia, Singapore, Malaysia and South Africa have announced a joint initiative to trial international settlements using central bank digital currencies (CBDCs).The initiative, dubbed Project Dunbar, will prototype shared platforms " New post on Crypto Breaking News Australia, Singapore, Malaysia and South Africa launch joint CBDC pilot by Crypto Breaking News The central banks of Australia, Singapore, Malaysia and South Africa have announced a joint initiative to trial international settlements using central bank digital currencies (CBDCs). The initiative, dubbed Project Dunbar, will prototype shared platforms enabling direct transfers between institutions using digital currencies issued by multiple central banks. The pilot's findings will be used to inform the "development of global and regional platforms" in addition to supporting the G20's roadmap for improving cross-border payments. Project Dunbar will be carried out in partnership with the Bank for International Settlements (BIS) Innovation Hub from its Singapore Center. The project will engage multiple partners to develop different DLT platforms and explore different designs that would enable central banks to share CBDC infrastructure. A joint announcement emphasizes the efficiency savings associated with distributed ledger technology (DLT)-based payments, stating: "These multi-CBDC platforms will allow financial institutions to transact directly with each other in the digital currencies issued by participating central banks, eliminating the need for intermediaries and cutting the time and cost of transactions." Assistant Governor of the Reserve Bank of Australia (RBA) Michele Bullock highlighted that "enhancing cross-border payments has become a priority for the international regulatory community," adding that the RBA is "very focused" on the matter in its domestic policy work. "Project Dunbar brings together central banks with years of experience and unique perspectives in CBDC projects and ecosystem partners at advanced stages of technical development on digital currencies," said Andre McCormack, the head of the BIS Innovation Hub Singapore Centre. He added: "With this group of capable and passionate partners, we are confident that our work on multi-CBDCs for international settlements will break new ground in this next stage of CBDC experimentation and lay the foundation for global payments connectivity." The RBA has consistently downplayed the need for a domestic CBDC however, citing the success of the New Payments Platform, which allows instant digital transfers 24-hours a day. Related: India CBDC pilot may commence in December, says RBI governor Project Dunbar is expected to demonstrate technical prototypes of shared DLT platforms at the Singapore FinTech Festival in November of this year. The initiative expects to publish its complete findings in early 2022. Source: Cointelegraph.com Crypto Breaking News | September 2, 2021 at 6:05 am | Categories: News | URL: https://wp.me/papzAO-p4Z Comment    See all comments Unsubscribe to no longer receive posts from Crypto Breaking News. Change your email settings at Manage Subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://cryptobreaking.com/australia-singapore-malaysia-and-south-africa-launch-joint-cbdc-pilot/

Crypto Breaking News posted: "PRESS RELEASE. The highly anticipated new crypto friendly social platform, Carbon, has launched. Carbon has been in beta stage since March, undergoing thorough testing, improvements and added features and gaining over 12,000 beta testers. Offering an emph" New post on Crypto Breaking News The Highly Anticipated Carbon Social Platform Has Launched by Crypto Breaking News PRESS RELEASE. The highly anticipated new crypto friendly social platform, Carbon, has launched. Carbon has been in beta stage since March, undergoing thorough testing, improvements and added features and gaining over 12,000 beta testers. Offering an emphasis on free speech as well as great security and privacy, Carbon includes an end-to-end encrypted messenger, integrated crypto portfolio tracker, Twitter style social feed, Reddit style topics and much more. Influencers have begun to migrate to Carbon as their platform of choice and many are expected to follow. Carbon offers generous crypto rewards for the best content creators, as well as tipping, so it's little wonder it looks set to become an attractive platform for monetising user influence. The Carbon team is based in Western Australia and highly experienced in designing and launching apps and games. Carbon co-founder Daniel Abela says "We really wanted to create a platform that brought the fun back into social media. We've added features to make Carbon a great place to hang out, and we're encouraging positive interactions between users in various ways. Most of all, we've made every effort to give Carbon users full control over their experience. There are no sneaky algorithms shaping your content, or guessing what you want to see. You decide who to follow, which topics, you can sort by most reactions, specific reactions and more. Every user is shown identical content if they choose identical settings. No tracking or spying on your activity." Carbon looks set to become very popular among crypto users and non-crypto users alike, bringing the best of many other platforms into one place and adding layers of security and anonymity as well. Users are also rewarded with points, levels and badges for their progress. The Carbon Android mobile app is available from the Google Play Store, and the website app works beautifully on all devices. MetaMask connection is required for using CRBN tokens on the platform. Join Carbon now at crbn.social and discover the best new social platform for yourself.   This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release. Source: Bitcoin.com Crypto Breaking News | September 2, 2021 at 6:00 am | Categories: News, Press Release | URL: https://wp.me/papzAO-p4X Unsubscribe to no longer receive posts from Crypto Breaking News. Change your email settings at Manage Subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://cryptobreaking.com/the-highly-anticipated-carbon-social-platform-has-launched/

Crypto Breaking News posted: "Iran's Ministry of Industries, Mining and Trade has rejected claims blaming illegal cryptocurrency miners for the continuing electricity shortages in the country. The department believes the state-run utility company, Tavanir, has overestimated the" New post on Crypto Breaking News Iranian Ministry of Industries Denies Power Shortages Are Caused by Illegal Crypto Miners by Crypto Breaking News Iran's Ministry of Industries, Mining and Trade has rejected claims blaming illegal cryptocurrency miners for the continuing electricity shortages in the country. The department believes the state-run utility company, Tavanir, has overestimated their role in the power deficit. Illegal Miners Burn Less Energy Than Tavanir Estimates, Ministry of Industries Says An official from the Iranian Ministry of Industries, Mining and Trade has denied claims by the Iran Power Generation, Distribution and Transmission Company (Tavanir) that illegal crypto miners are largely responsible for the ongoing power shortages in the Islamic Republic. Quoted by Way2pay and the English-language business daily Financial Tribune, the ministry's Director of Investment and Planning Alireza Hadi stated: Figures announced by Tavanir seem to be highly exaggerated. The consumption of illegal miners is considerably lower than the 2,000 megawatts estimated by the utility. According to Hadi, this amount of electrical energy would equal the power usage of 3 million pieces of mining hardware. Tavanir insists, however, that unauthorized miners are still consuming that much, despite having shut down over 5,000 illegal mining facilities across Iran. It also confiscated more than 213,000 mining devices with a capacity of 850 MW. The unusually hot summer, following insufficient rainfall earlier this year, led to a serious increase in power demand for electricity in Iranian cities. Tavanir listed cryptocurrency mining as one of the main reasons for the nationwide shortages. Last week, the company's spokesman Rajabi Mashhadi commented: Unauthorized miners are the main culprits behind the power outages in recent months. We would have had 80% less blackouts if miners had halted their activities. Subsidized Electricity Rates Entice Miners to Operate Illegally Iran recognized cryptocurrency mining as a legal industrial activity in July 2019, introducing a licensing regime for companies operating in the sector. Tavanir says 56 crypto mining farms authorized by the Ministry of Industries currently consume 400 MW, but according to the department's website, permits had been issued to 30 companies as of June. In May, the government in Tehran introduced a temporary ban on cryptocurrency mining to deal with the power shortages. In late August, Tavanir announced the restrictions will be removed on Sept. 22. The utility expects electricity demand across the country to decrease by the end of summer, allowing licensed digital currency miners to restart their operations. However, the electricity tariff for authorized entities has gone up significantly over time. Since April, these miners are charged 16,574 rials ($0.39) per kilowatt-hour, four times the initial rate. Meanwhile, the number of illegal mining facilities has increased rapidly as these use subsidized electricity for households and other enterprises, avoiding the much higher, export rates paid by registered miners. According to the report, Iran has a total installed capacity of over 85,000 MW while the country's actual electricity production is approximately 60,000 MW. The difference is due to various factors including losses as well as low water levels in the dams that have affected the output of hydroelectric power stations. Do you think cryptocurrency miners are responsible for power shortages in Iran? Share your thoughts on the subject in the comments section below. Source: Bitcoin.com Crypto Breaking News | September 2, 2021 at 5:00 am | Categories: Cryptocurrency, News | URL: https://wp.me/papzAO-p4V Unsubscribe to no longer receive posts from Crypto Breaking News. Change your email settings at Manage Subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://cryptobreaking.com/iranian-ministry-of-industries-denies-power-shortages-are-caused-by-illegal-crypto-miners/

Crypto Breaking News posted: "Gary Gensler, the chairman of the U.S. Securities and Exchange Commission (SEC), has appeared virtually before the European Parliament to share his policy recommendations regarding the regulation of crypto assets.Speaking to the Parliament's Committee on " New post on Crypto Breaking News SEC boss tells EU Parliament crypto and fintech could be as disruptive 'as the internet' by Crypto Breaking News Gary Gensler, the chairman of the U.S. Securities and Exchange Commission (SEC), has appeared virtually before the European Parliament to share his policy recommendations regarding the regulation of crypto assets. Speaking to the Parliament's Committee on Economic and Monetary Affairs on Sept. 1, Gensler highlighted the role financial technologies are playing in globalizing economic flows and undermining siloed national markets: "I think the transformation we're living through right now could be every bit as big as the internet in the 1990s." Gensler highlighted the $2.1 trillion cryptocurrency markets as a "truly global" asset class, stating: "It has no borders or boundaries. It operates 24 hours a day, 7 days a week." While Gensler stuck largely to the same pro regulation script he's been saying for weeks, he did diverge off into a new area when Finnish politician, Eero Heinäluoma, asked Gensler about the environmental footprint associated with crypto assets. The politician noted the electricity consumed by the Bitcoin network was greater than The Netherlands and Sweden and exceeds "the total greenhouse gas emission reductions of electric vehicles." While describing Bitcoin's environmental toll as a significant "challenge," Gensler noted the increasing popularity of more energy efficient Proof-of-Stake (PoS) based crypto networks (which include Ethereum and Cardano) and concluded that concerns relating to the carbon emissions of crypto will become concentrated around Bitcoin as PoS adoption rises. The SEC chairman placed emphasis on the need to develop robust public policy frameworks to balance supporting innovation in crypto assets and decentralized finance with maintaining strong investor protections. Gensler highlighted that DeFi platforms "provide direct access to millions of investors" without the presence of a broker mediating between the public and the protocol but pointed out this came with big risks. He said that DeFi and crypto have been "rife with fraud, scams, and abuse," and emphasized the vulnerability of the investing public in the absence of "clear investor protections obligations on these platforms." Related: Crypto is too big to exist outside of public policies, warns SEC chair The SEC head also highlighted concerns pertaining to stablecoins, estimating that nearly three-quarters of crypto trading volumes involve stable token pairings. Gensler characterized stablecoins as facilitating "those seeking to sidestep a host of public policy goals" including anti-money laundering safeguards and international sanctions. "You've heard about Facebook Diem, but we already have an existing stablecoin market worth $116 billion," he said. Source: Cointelegraph.com Crypto Breaking News | September 2, 2021 at 4:34 am | Categories: News | URL: https://wp.me/papzAO-p4T Comment    See all comments Unsubscribe to no longer receive posts from Crypto Breaking News. Change your email settings at Manage Subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://cryptobreaking.com/sec-boss-tells-eu-parliament-crypto-and-fintech-could-be-as-disruptive-as-the-internet/

Crypto Breaking News posted: "Recent research has revealed that Eastern Europe remains a very high source of cybercrime activity — both from victims to scams, and from users to darknet markets — in the cryptocurrency sector.Cryptocurrency addresses based in the Eastern European region" New post on Crypto Breaking News Eastern European victims sent $815M to Ponzis and scams in the past year by Crypto Breaking News Recent research has revealed that Eastern Europe remains a very high source of cybercrime activity — both from victims to scams, and from users to darknet markets — in the cryptocurrency sector. Cryptocurrency addresses based in the Eastern European region have the second-highest exposure to illicit activity after Africa, according to a report published on Sept. 1 by blockchain research firm Chainalysis. However Eastern Europe has a much larger overall crypto economy than both Africa and Latin America (which came in third.) The findings echo research carried out last year. The research analyzed the illicit share of cryptocurrency activity by region between July 2020, and June 2021. It revealed that Eastern Europe-based crypto addresses and wallets sent $815 million to scams and Ponzi schemes over the period. "As is the case with all regions, scams make up the biggest share of funds sent from Eastern Europe to illicit addresses — we can assume that most of this activity represents victims sending money to scammers." Chainalysis observed that more cryptocurrency is sent to darknet markets in Eastern Europe than other regions. There is a thriving Russian language darknet market called Hydra which, it claims, is the world's largest. Drilling down into geographic breakdown by country, the research found that Ukraine was by far the top nation in the region with more internet traffic to scam websites than any other country. One particular scam accounted for more than half of the value sent in the region. Finiko, a Russia-based Ponzi scheme that collapsed in July 2021, promised huge returns and launched its own token, FNK. According to the report, the Finiko scheme received more than $1.5 billion in BTC in over 800,000 separate deposits between December 2019 and August 2021. Related: Australians lost over $25 million to bogus crypto investments Addresses in Eastern Europe have also been associated with ransomware, with $46 million being sent to suspect wallets in the region. The analytics firm attributed a lot of this to Russian hacker groups, stating "many of the most prolific ransomware strains are associated with cybercriminal groups either based in or affiliated with Russia," using Evil Corp as an example. A year ago, Cointelegraph reported that Evil Corp demanded a $10 million crypto ransom to restore access to Garmin's navigation solutions after its network was compromised. Source: Cointelegraph.com Crypto Breaking News | September 2, 2021 at 4:22 am | Categories: News | URL: https://wp.me/papzAO-p4R Comment    See all comments Unsubscribe to no longer receive posts from Crypto Breaking News. Change your email settings at Manage Subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://cryptobreaking.com/eastern-european-victims-sent-815m-to-ponzis-and-scams-in-the-past-year/

Crypto Breaking News posted: "Bitcoin price started a steady increase above the $48,000 resistance zone against the US Dollar. BTC is now trading above $49,500 and it could accelerate above $50,000. Bitcoin started a fresh increase above the $48,500 and $49,000 resistance levels. The" New post on Crypto Breaking News TA: Bitcoin Rallies, Why BTC Could Register A Close Above $50K by Crypto Breaking News Bitcoin price started a steady increase above the $48,000 resistance zone against the US Dollar. BTC is now trading above $49,500 and it could accelerate above $50,000. Bitcoin started a fresh increase above the $48,500 and $49,000 resistance levels. The price is now trading well above $49,000 and the 100 hourly simple moving average. There was a break above a crucial bearish trend line with resistance near $47,750 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could accelerate further higher once there is a close above the $50,000 zone. Bitcoin Price Breaks Key Barrier Bitcoin price formed a base above the $46,500 zone and started a steady increase. BTC was able to clear the $48,500 resistance zone to move into a positive zone. Besides, there was a break above a crucial bearish trend line with resistance near $47,750 on the hourly chart of the BTC/USD pair. The pair gained pace above the 61.8% Fib retracement level of the key decline from the $49,678 swing high to $46,533 low. Bitcoin is now trading well above $49,000 and the 100 hourly simple moving average. It is consolidating near the $49,800 resistance zone. On the downside, an initial support is forming near the $49,650 level. Source: BTCUSD on TradingView.com The first key support is forming near the $49,500 level. If there is a downside break below the $49,500 support zone, the price might decline towards $48,800. The next major support is near the $48,500 level, where the bulls are likely to emerge. More Upsides In BTC? If bitcoin stays above the $49,500 support zone, it could continue to rise. An immediate resistance on the upside is near the $49,850 level. The first major resistance is near the $50,000 level. A close above the $50,000 level could lift the price further. The next stop could be the 1.236 Fib extension level of the key decline from the $49,678 swing high to $46,533 low. Any more gains could lead the price towards the $52,000 resistance zone in the coming sessions. An intermediate resistance is near the $51,550 level. Technical indicators: Hourly MACD – The MACD is gaining pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is well above the 60 level. Major Support Levels – $49,500, followed by $48,800. Major Resistance Levels – $49,800, $50,000 and $50,400. Source: NewsBTC.com Crypto Breaking News | September 2, 2021 at 4:08 am | Categories: Bitcoin, News | URL: https://wp.me/papzAO-p4P Unsubscribe to no longer receive posts from Crypto Breaking News. Change your email settings at Manage Subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://cryptobreaking.com/ta-bitcoin-rallies-why-btc-could-register-a-close-above-50k/

Crypto Breaking News posted: "The Dogecoin Foundation has issued a statement distancing itself from a new copycat project called Dogecoin 2.0 (DOGE2), firing off legal demands that the new memecoin change its name.In a letter published Aug. 31st, the Dogecoin Foundation asserts it has" New post on Crypto Breaking News Dogecoin Foundation demands copycat memecoin 'Dogecoin 2.0' change its name by Crypto Breaking News The Dogecoin Foundation has issued a statement distancing itself from a new copycat project called Dogecoin 2.0 (DOGE2), firing off legal demands that the new memecoin change its name. In a letter published Aug. 31st, the Dogecoin Foundation asserts it has engaged brand protection lawyers to contact Dogecoin 2.0's developers in a bid to "protect the Dogecoin community from being misled and to protect the Dogecoin name from possible misuse." Dogecoin 2.0's website indirectly throws shade at the original canine-themed crypto, stating: "Dogecoin 2.0 aims to offer investors prolonged growth in utilizing a much more sustainable tokenomics structure than its somewhat inflated predecessor." The Foundation's letter states that Dogecoin enthusiasts, or "Shibes," have raised concerns about the new project. While the community has historically welcomed new crypto projects, the Foundation accuses Dogecoin 2.0 of co-opting the Dogecoin brand and reputation for advantage. Dogecoin 2.0 was launched at the start of May on the Binance Smart Chain Network. DOGE2 is currently trading at $0.04 after gaining more than 100% in 24 hours with less than $100,000 worth of daily volume. The public statement comes just weeks after the formal restoration of the Dogecoin Foundation after a six year hiatus. The foundation will support core developers and projects working on Dogecoin, and has attracted support from leading crypto figures including Ethereum co-founder Vitalik Buterin and Tesla CEO Elon Musk. Related: Team officially reestablishes Dogecoin Foundation after 6 years Dogecoin has seen a huge rise in price and popularity since the start of 2021. According to Coingecko, DOGE's price peaked in May at an all-time high of $0.68, before shedding more than 73% of its value over the next two months to test a low of $0.18. DOGE is currently changing hands for roughly $0.30 after gaining 50% during August. A number of other canine-themed crypto tokens have emerged to cash in on Dogecoin's recent hype, including DogeCash, UnderDog and Doge Token. The most successful, Shiba Inu, has amassed a market cap of $3.64 billion to rank as the 46th-largest crypto asset according to CoinGecko. Source: Cointelegraph.com Crypto Breaking News | September 2, 2021 at 3:57 am | Categories: News | URL: https://wp.me/papzAO-p4N Comment    See all comments Unsubscribe to no longer receive posts from Crypto Breaking News. Change your email settings at Manage Subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://cryptobreaking.com/dogecoin-foundation-demands-copycat-memecoin-dogecoin-2-0-change-its-name/