News

Get the most current news about NFTs, prices, markets, and tech. We cover a wide range of news on blockchain technology, crypto assets, and emerging fintech trends.

What is a cryptocurrency mining pool?

[ad_1] In the early days of Bitcoin (BTC), crypto enthusiasts only required a basic personal computer with an internet connection to generate new BTC tokens through a distributed computing process known as mining.  However, with more people chasing the same number of block rewards, Bitcoin’s mining process has become more challenging with time. In fact, …

What is a cryptocurrency mining pool? Read More »

MEVbots backdoor drains users’ Ethereum funds via arbitrage trading bot

[ad_1] MEV gain, an Ethereum (ETH) arbitrage trading bot built by MEVbots, which claims to provide stress-free passive income, has been actively draining its users’ funds via a fund-stealing backdoor.  Arbitrage bots are programs that automate trading for profits based on historical market information. An investigation of MEVbots’ contract revealed a backdoor that allows the …

MEVbots backdoor drains users’ Ethereum funds via arbitrage trading bot Read More »

Israeli crypto exchange receives capital markets license in country first

[ad_1] Israeli-based crypto exchange Bits of Gold became the first crypto firm in the country to receive a license from the Capital Markets Authority, according to social media posts from the company on Sunday. As a result of attaining the license, Bits of Gold will be able to store digital currencies through secured custody in a …

Israeli crypto exchange receives capital markets license in country first Read More »

NFTs bring in-game ownership to a new level, says Blokhaus founder

[ad_1] Nonfungible tokens (NFTs) have taken the gaming world by storm. Whether it’s through limited edition collectibles, avatar enhancement or play-to-earn incentivization, digital assets have given in-game ownership a new meaning. The ways in which NFTs are available to players are becoming increasingly tangible. In the case of Blockxer, the latest blockchain game from Blokhaus …

NFTs bring in-game ownership to a new level, says Blokhaus founder Read More »

Bitcoin was almost named Netcoin by Satoshi Nakamoto, hints domain data

[ad_1] Coming up with a good name is often one of the most challenging decisions one needs to make when launching a new service or business. Historical data of domain name purchases suggest that Satoshi Nakamoto, the creator of Bitcoin (BTC), had an alternate naming option in mind that did not make it to the …

Bitcoin was almost named Netcoin by Satoshi Nakamoto, hints domain data Read More »

Blockchain infrastructure firm Chain will sponsor New England Patriots football team

[ad_1] Chain, a blockchain infrastructure firm that offers developers Web3 services to build and maintain blockchain-based applications, will sponsor the New England Patriots football team as well as other venues and sporting clubs controlled by the Kraft Group. In a Thursday announcement, Chain said it will be the official blockchain and Web3 sponsor of the …

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Lawyers for Celsius investors file motion to have interests represented in court

[ad_1] An international law firm representing groups of Celsius investors has filed a motion to appoint a committee to represent their interests in the crypto lending firm’s bankruptcy case. In a Thursday filing with the U.S. Bankruptcy Court in the Southern District of New York, lawyers with the law firm Milbank requested the appointment of …

Lawyers for Celsius investors file motion to have interests represented in court Read More »

Pentagon contracts with Inca Digital for a security-focused digital asset mapping tool

[ad_1] Digital asset data analytics company Inca Digital will study the implications of digital assets for national security under a year-long contract with the Defense Advanced Research Projects Agency (DARPA), the company announced on Friday. DARPA is the R&D branch of the United States Department of Defense.  Inca Digital will work on a project called …

Pentagon contracts with Inca Digital for a security-focused digital asset mapping tool Read More »

Price analysis 9/23: SPX, DXY, BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT

[ad_1] The strength of the U.S. dollar continues to negatively impact risk assets, but that did not prevent Bitcoin and select altcoins from staging a few strong rallies this week. The S&P 500 index has declined about 5% this week while the Nasdaq Composite is down more than 5.5%. Investors fear that the Federal Reserve’s …

Price analysis 9/23: SPX, DXY, BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT Read More »

Tornado Cash saga left a void, says Chainalysis chief scientist: Finance Redefined

[ad_1] Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you significant developments over the last week. Chainalysis chief scientist shared his views on the Tornado Cash saga and said that the incident has left a void for illicit fund mixing services, but the real …

Tornado Cash saga left a void, says Chainalysis chief scientist: Finance Redefined Read More »

Framework to ban members of Congress and SCOTUS from trading stocks includes crypto provision

[ad_1] Members of the United States House of Representatives and Senate as well as Supreme Court justices currently trading cryptocurrencies may have to stop HODLing while in office should a bill get enough votes. According to a framework released on Thursday, chair Zoe Lofgren of the Committee on House Administration — responsible for the day-to-day …

Framework to ban members of Congress and SCOTUS from trading stocks includes crypto provision Read More »

Moscow Exchange drafting bill on digital financial assets and securities trading: Report

[ad_1] The Moscow Exchange (MOEX) is drafting a bill to allow trading in digital financial assets (DFAs) and securities based on them, according to a report in the Russian press. The stock exchange is writing the bill on the behalf of the Russian Central Bank, which does not have the power to introduce legislation, Vedomosti …

Moscow Exchange drafting bill on digital financial assets and securities trading: Report Read More »

B. Riley may purchase up to $100M stake in Bitcoin miner Iris Energy

[ad_1] Australia-based crypto mining firm Iris Energy has signed a deal with B. Riley giving the capital market company the option to purchase up to 25 million of its shares. According to a Friday filing with the United States Securities and Exchange Commission, Iris Energy inked an agreement with B. Riley Principal Capital II related …

B. Riley may purchase up to $100M stake in Bitcoin miner Iris Energy Read More »

Web3 technologies could be a game changer for the travel industry

[ad_1] Many companies and industries are incorporating Web3 technologies into their business structures, and the travel industry is no exception. On Wednesday, Flybondi, an Argentinian airline, announced a strategic alliance with TravelX, a blockchain technology company responsible for tokenizing flight tickets. The partnership intends to enable travelers to purchase airline tickets as nonfungible tokens through …

Web3 technologies could be a game changer for the travel industry Read More »

Pantera Capital’s CEO suggests blockchain growth will continue despite economic turmoil

[ad_1] The economic landscape may seem dire at the moment, but it’s unlikely to affect blockchain development, according to Pantera Capital CEO Dan Morehead. In an interview for Real Vision on Thursday, the venture capitalist said that he believes blockchain technology will perform based on its own fundamentals, regardless of the conditions indicated by traditional …

Pantera Capital’s CEO suggests blockchain growth will continue despite economic turmoil Read More »

Why is the crypto market down today?

[ad_1] Crypto prices keep falling but why? This year’s market crash has turned most winning portfolios into net losers and new investors are probably losing hope in Bitcoin.  Investors know that cryptocurrencies exhibit higher than average volatility, but this year’s drawdown has been extreme. After hitting a stratospheric all-time high at $69,400, Bitcoin price crumbled …

Why is the crypto market down today? Read More »

Coinsquare acquires publicly-traded crypto exchange CoinSmart

[ad_1] Canada’s crypto exchange landscape appears to be consolidating after Coinsquare, one of the largest digital asset trading platforms in the country, acquired CoinSmart for an undisclosed amount.  On Thursday, Coinsquare announced that it had entered into a definitive agreement to purchase all issued and outstanding shares of CoinSmart’s wholly-owned subsidiary Simply Digital. Once the …

Coinsquare acquires publicly-traded crypto exchange CoinSmart Read More »

Tracking adoption a year later

[ad_1] El Salvador, the small Central American nation that made history just over a year ago when it made Bitcoin (BTC), recently marked its first year of BTC adoption. The Salvadoran government touted BTC as a tool to attract foreign investment, create new jobs and cut reliance on the United States dollar in the country’s …

Tracking adoption a year later Read More »

XRP hits 13-month high versus Bitcoin with 35% daily surge — But is a correction inevitable?

[ad_1] XRP price posted a sharp rally against Bitcoin (BTC) on continued optimism about a potential settlement between Ripple, a San Francisco-based blockchain payment firm, and the U.S. Securities and Exchange Commission (SEC). Settlement rumors fuel XRP price boom  On Sep. 23, the XRP/BTC pair surged to 0.00002877 — its best level in 13 months — …

XRP hits 13-month high versus Bitcoin with 35% daily surge — But is a correction inevitable? Read More »

Post offices adopting NFTs leads to a philately renaissance

[ad_1] Philately? If you are a millennial, there is a good chance you used Google to find out that there is a word dedicated to collecting and studying postage stamps. This same search also paints the picture of a hobby in decline, as younger generations are increasingly preoccupied with their screens and the constant stream …

Post offices adopting NFTs leads to a philately renaissance Read More »

China accounts for 84% of all blockchain patent applications, but there’s a catch

[ad_1] China accounts for 84% of all blockchain applications filed worldwide, according to the latest data shared by the country’s government official. China has steered clear of the cryptocurrency market. However, the Beijing government has been supportive of the underlying blockchain technology. The country has actively promoted the use of blockchain tech over the years, …

China accounts for 84% of all blockchain patent applications, but there’s a catch Read More »

European stock exchange to list Bitcoin carbon neutral ETP

[ad_1] A subsidiary of DeFi Technologies, Valour, will debut its new Carbon Neutral Bitcoin Exchange Traded Product (ETP) on the Frankfurt Stock Exchange. Trading of the ETP begins on Sept. 23.  The company positions its ETP as a “sustainable and climate-friendly” exposure to Bitcoin with a management fee of 1.49%. The alignment with global environmental …

European stock exchange to list Bitcoin carbon neutral ETP Read More »

IRS to summon users who don’t report and pay tax on crypto transactions

[ad_1] With the crypto community growing bigger and as trading volumes reach new highs, the United States is also making more effort to ensure that its Internal Revenue Service (IRS) could properly collect cryptocurrency tax.  U.S. Attorney Damian Williams, Deputy Assistant Attorney General David Hubbert and IRS Commissioner Charles Rettig announced that US judge Paul …

IRS to summon users who don’t report and pay tax on crypto transactions Read More »

GitHub unbans Tornado Cash repositories following OFAC guidance

[ad_1] Crypto mixer Tornado Cash has returned to the software development platform GitHub after several weeks of being banned on the website. Ethereum developer Preston Van Loon took to Twitter on Thursday to report that GitHub has partly unbanned the Tornado Cash organization and contributors on their platform. The developer suggested that Tornado Cash’s code repositories …

GitHub unbans Tornado Cash repositories following OFAC guidance Read More »

Zilliqa teases Web3 gaming console, Funko teams up with Warner Bros. and more…

[ad_1] Blockchain company Zilliqa is launching a Web3 focused console with a cryptocurrency wallet and mining capabilities, along with featuring gaming titles from the company. On Sept. 23, prototype images were released showing an array of ports including HDMI, Ethernet and USB connections, although full hardware specifications and the price of the unit remain guarded. …

Zilliqa teases Web3 gaming console, Funko teams up with Warner Bros. and more… Read More »

CTFC slammed for ‘blatant regulation by enforcement’ over Ooki DAO case

[ad_1] The Commodities Futures Trading Commission (CFTC) has sparked strong criticism from the community after filing a federal civil enforcement action against members of decentralized autonomous organization Ooki DAO over digital asset trading violations. In a Sept. 22 release, the CFTC stated that it had filed and simultaneously settled charges against the founders of decentralized …

CTFC slammed for ‘blatant regulation by enforcement’ over Ooki DAO case Read More »

Stablecoin bill has ‘outside chance’ of finalizing this year

[ad_1] There is a small chance the U.S. House of Representatives could pass the bill to regulate stablecoins by year-end, though it’s more likely it will pass in the first quarter of 2023, says U.S. Congressman Warren Davidson.  According to a Thursday report from Kitco, Davidson made the remarks at the Annual Fintech Policy Forum …

Stablecoin bill has ‘outside chance’ of finalizing this year Read More »

Many NFT projects lack adequate smart contract testing, says nameless founder

[ad_1] Jimmy McNelis, the founder of Web3 tech firm nameless, says there are too many NFT projects rushing to market without proper smart contract testing — potentially leading to millions lost. Speaking with Cointelegraph, McNelis suggested that a lot of NFT projects often rush to market without fully simulating how its smart contracts will work, …

Many NFT projects lack adequate smart contract testing, says nameless founder Read More »

Rushing ‘token mapping’ could hurt Aussie crypto space — Finder founder

[ad_1] Australian crypto entrepreneur and investor Fred Schebesta has described the Australian government’s prioritization of token mapping as “wonderful,” but warns that rushing it could lead to detrimental effects on the economy. Schebesta’s comments come after Australian Treasurer Jim Chalmers released a statement on Aug. 22 stating that the “treasury will prioritize token mapping work” …

Rushing ‘token mapping’ could hurt Aussie crypto space — Finder founder Read More »

Bitcoin’s 60% year-to-date correction looks bad, but many stocks have dropped by even more

[ad_1] Bitcoin’s (BTC) and Ether’s (ETH) agonizing 60% and 66% respective drops in price are drawing a lot of criticism from crypto critics and perhaps this is deserved, but there are also plenty of stocks with similar, if not worse, performances.  The sharp volatility witnessed in crypto prices is partially driven by major centralized yield …

Bitcoin’s 60% year-to-date correction looks bad, but many stocks have dropped by even more Read More »

Coinbase counters WSJ claim its Risk Solutions group engaged in $100M proprietary trade

[ad_1] The Wall Street Journal and Coinbase are having a difference in definitions. The newspaper published an alleged account of the digital asset exchange’s trading activities earlier this year that it claims amount to proprietary trading. Coinbase responded in a blog post that it had done no such thing. Relying on information supplied by “people …

Coinbase counters WSJ claim its Risk Solutions group engaged in $100M proprietary trade Read More »

Helium migrates its blockchain to Solana following T-Mobile partnership

[ad_1] On Thursday, the Helium Foundation announced that it would be moving its mainnet to the Solana blockchain following a community vote. According to the proposal, proof-of-coverage and Data transfer mechanisms will be moved to Helium Oracles. It’s official! The HIP 70 vote has ended. #Helium will be moving to the @Solana blockchain! pic.twitter.com/V2WIajou7R — Helium …

Helium migrates its blockchain to Solana following T-Mobile partnership Read More »

UK gov’t introduces bill aimed at empowering authorities’ to ‘seize, freeze and recover’ crypto

[ad_1] The government of the United Kingdom has introduced a bill aimed at cracking down on money laundering and fraud, specifically expanding authorities’ ability to target cryptocurrencies used for illicit purposes. In a Thursday announcement, the U.K. government said lawmakers had introduced the Economic Crime and Corporate Transparency Bill in Parliament as part of efforts …

UK gov’t introduces bill aimed at empowering authorities’ to ‘seize, freeze and recover’ crypto Read More »

Korean crypto bank partners with Blockdaemon to offer retail staking services

[ad_1] Crypto-focused finance company Delio has partnered with Blockdaemon to launch retail-focused staking services, giving customers a more seamless way to earn rewards on their digital asset holdings. Delio’s staking services expand its existing crypto-bank offerings, which include lending, deposits and deposit accounts, the company announced Thursday. The new service offering is powered by blockchain …

Korean crypto bank partners with Blockdaemon to offer retail staking services Read More »

Coinflex plans give 65% of company to creditors as part of restructuring proposal

[ad_1] Cryptocurrency exchange CoinFlex announced a structuring proposal in response to user feedback following the platform experiencing liquidity issues. In a Wednesday blog post, CoinFlex said under the proposal — which will be subject to a vote and then court approval— creditors will own 65% of the company, while its team members will be allocated …

Coinflex plans give 65% of company to creditors as part of restructuring proposal Read More »

Crypto bug bounty platform Immunefi raises $24M led by Framework Ventures

[ad_1] Web3 bug bounty and security services platform Immunefi has closed a $24 million Series A funding round, putting the company on track to scale its in-house capacity amid widespread vulnerabilities in the blockchain industry. The funding round was led by the San Francisco-based venture firm Framework Ventures, with additional participation from Electric Capital, Polygon …

Crypto bug bounty platform Immunefi raises $24M led by Framework Ventures Read More »

This Bitcoin long-term holder metric is nearing the BTC price ‘bottom zone’

[ad_1] A Bitcoin (BTC) on-chain indicator, which tracks the amount of coin supply held by long-term holders (LTHs) in losses, is signaling that a market bottom could be close. Eerily accurate Bitcoin bottom pundit As of Sept. 22, approximately 30% of Bitcoin’s LTHs were facing losses due to BTC’s decline from $69,000 in November 2021 …

This Bitcoin long-term holder metric is nearing the BTC price ‘bottom zone’ Read More »

Toss in your job and make $300K working for a DAO? Here’s how – Cointelegraph Magazine

[ad_1] Increasing numbers of employees are quitting 9–5 corporate jobs to work for DAOs. While the money’s great, DAOs fall into a legal gray area, and it can be tricky to get your foot in the door. Researchers Nataliya Ilyushina and Trent MacDonald from the Royal Melbourne Institute of Technology Blockchain Innovation Hub take you …

Toss in your job and make $300K working for a DAO? Here’s how – Cointelegraph Magazine Read More »

UNICEF Giga NFTs to connect schools in developing countries to internet

[ad_1] Developed countries often take for granted the ubiquity of the internet. But the reality is that some 2.9 billion people still don’t have connectivity to the world wide web. Data provided by UNICEF highlights that the majority of this internet-less mass of people reside in undeveloped countries, and children continue to be disadvantaged by …

UNICEF Giga NFTs to connect schools in developing countries to internet Read More »

How to stake Fantom (FTM)?

[ad_1] Fantom (FTM) is known for its speed and inexpensive layer-1 blockchain. Like other blockchains (for example, Solana (SOL) and Avalanche (AVAX)) that scale better than their counterpart, it has been dubbed an “Ethereum killer.” After raising $40 million in funds, Fantom launched its mainnet in December 2019. Since then, it has grown to become …

How to stake Fantom (FTM)? Read More »

Chamber of Digital Commerce gets approval to join the SEC vs Ripple lawsuit

[ad_1] A United States crypto advocacy group, the Chamber of Digital Commerce (CDC), has been granted approval from the Court of Southern District of New York to participate as an amicus curiae in the U.S. Securities and Exchange Commission (SEC) case against Ripple Labs. The status of “friend of the court” permits them to assist …

Chamber of Digital Commerce gets approval to join the SEC vs Ripple lawsuit Read More »

Regulated fintech in Bahrain enables crypto payments with Binance

[ad_1] Cryptocurrency adoption continues growing in the Kingdom of Bahrain, with local companies enabling payments in crypto like Bitcoin (BTC). EazyPay, an online payment platform regulated by the Central Bank of Bahrain (CBB), has partnered with Binance Pay to enable crypto payments in the country, EazyPay CEO and founder Nayef Tawfiq Al Alawi announced on …

Regulated fintech in Bahrain enables crypto payments with Binance Read More »

Opera browser integrates Elrond blockchain services to bolster Web3 adoption

[ad_1] Web3 crypto browser Opera announced plans to integrate Elrond blockchain services for over 300 million users. The integration would help Opera users directly access a host of decentralized applications (DApps) and other popular services through the integrated Opera wallet.  Elrond (EGLD) is a scalable blockchain network that offers various infrastructure services for DApps, enterprise use …

Opera browser integrates Elrond blockchain services to bolster Web3 adoption Read More »

How Bitcoin ATMs in Greece fare during a record-breaking tourist season

[ad_1] Greece is globally recognized for its touristic lures of idyllic beaches and a laid-back lifestyle. Prior to the outbreak of the global pandemic, the World Travel and Tourism Council said that tourism generated over one-fifth of Greece’s total GDP. This year, the country faced a record number of travelers during its summer tourism season. …

How Bitcoin ATMs in Greece fare during a record-breaking tourist season Read More »

Tornado Cash left a void, time will tell what fills it — Chainalysis chief scientist

[ad_1] The sanctions on cryptocurrency mixer Tornado Cash has left a vacuum for illicit fund mixing services, but more time is needed before we’ll know the full impact, according to Chainalysis’ chief scientist. During a demo of Chainalysis’ recently launched blockchain analysis platform Storyline, Cointelegraph asked Chainalysis chief scientist Jacon Illum and country manager for …

Tornado Cash left a void, time will tell what fills it — Chainalysis chief scientist Read More »

Tribe DAO votes in favor of repaying victims of $80M Rari hack

[ad_1] After months of uncertainty, the Tribe DAO has passed a vote to repay affected users of the $80 million exploit on decentralized finance (DeFi) platform Rari Capital’s liquidity pools. Following several rounds of voting and governance proposals, Tribe DAO, which consists of Midas Capital, Rari Capital, Fei Protocol and Volt Protocol, took the decision …

Tribe DAO votes in favor of repaying victims of $80M Rari hack Read More »

NFTs ‘biggest on-ramp’ to crypto in Central, Southern Asia and Oceania — report

[ad_1] Nonfungible tokens (NFTs) may be the biggest driver of crypto adoption in Central, Southern Asia, and Oceania (CSAO), a new report has found.  According to a Sept. 21 Chainalysis post titled “Crypto Adoption Steadies in South Asia, Soars in the Southeast,” NFT-related actions accounted for 58% of all web traffic going to cryptocurrency services …

NFTs ‘biggest on-ramp’ to crypto in Central, Southern Asia and Oceania — report Read More »

FTX in talks with investors to raise $1B for further acquisitions — Reports

[ad_1] Sam-Bankman Fried’s crypto exchange FTX is reportedly engaged in talks with investors to raise $1 billion in new funding, as it looks to utilize extra capital for financial acquisitions during the bear market.  According to a Sept. 21 report from CNBC which cites sources close to the matter, the talks are still ongoing and …

FTX in talks with investors to raise $1B for further acquisitions — Reports Read More »

Cardano Vasil upgrade ready with all ‘critical mass indicators’ achieved

[ad_1] The Cardano Vasil upgrade is set to take place in less than 24 hours on Sept. 22, with the Cardano team noting all three “critical mass indicators” needed to trigger the upgrade are now met. A Sept. 21 update on Twitter by the company behind Cardano, Input Output Hong Kong (IOHK) states within the …

Cardano Vasil upgrade ready with all ‘critical mass indicators’ achieved Read More »

Bitcoin, Ethereum and altcoins hold intraday gains after Fed hikes interest rates by 0.75%

[ad_1] Bitcoin (BTC) retreated and reversed its intraday gains after the Federal Reserve announced its third consecutive 75 basis point (bps) interest rate rise on Sept. 21. Traders sold the news BTC’s price dropped circa 6.5% from its intraday high of $19,950, hitting $18,660 minutes after the Federal Open Market Committee’s statement. Its decline mirrored …

Bitcoin, Ethereum and altcoins hold intraday gains after Fed hikes interest rates by 0.75% Read More »

Hong Kong Monetary Authority provides update on retail CBDC that may become DeFi onramp

[ad_1] The Hong Kong Monetary Authority (HKMA) published a paper outlining the state of research on its proposed retail central bank digital currency (rCBDC) and plans for its further development. This is the third paper the HKMA has published on the e-HKD, as the proposed CBDC is called.  The proposed rCBDC would have a two-tier …

Hong Kong Monetary Authority provides update on retail CBDC that may become DeFi onramp Read More »

Japanese banking giant Nomura launches digital ecosystem VC arm

[ad_1] Nomura, one of the largest investment banks in Japan, has established a venture capital arm aimed at investing in companies focusing on crypto and blockchain. In a Wednesday announcement, Nomura said the business, named Laser Digital, will “provide new value in the area of digital assets” for clients under the Switzerland-based holding company Laser …

Japanese banking giant Nomura launches digital ecosystem VC arm Read More »

Iran to begin ‘crypto rial’ CBDC trial despite possible lack of infrastructure: Report

[ad_1] The Central Bank of Iran will make a pilot launch of a central bank digital currency (CBDC) on Sept. 22, the Iranian Chamber of Commerce has announced. The so-called “crypto-rial” has been in the planning stage for several years. The launch of the crypto rial was originally planned for November, according to the Chamber, …

Iran to begin ‘crypto rial’ CBDC trial despite possible lack of infrastructure: Report Read More »