Month: September 2021

Investing in Ethereum seems to be top of mind for prominent members of the finance community. The increasing use cases of the Ethereum network have brought some significant names into its camp. The latest on the list though is venture Capitalist Bill Gurley. Gurley is a general partner at Benchmark, which is a Silicon Valley venture capital firm that is based in Menlo Park, California. Gurley has been listed consistently on the Forbes Midas List, while simultaneously being considered one Read more …

Twitter is reportedly testing the option of tipping with bitcoin as part of its “Tip Jar” feature. This followed the company’s CEO, Jack Dorsey, stating that bitcoin is a major part of Twitter’s future, hinting that the cryptocurrency will be part of several upcoming products. Twitter Reportedly Testing Bitcoin Tipping Option Twitter Inc. (NYSE: TWTR) is reportedly testing a bitcoin tipping feature. This development followed CEO Jack Dorsey hinting in July that bitcoin may be integrated into several products, including Read more …

Cream Finance is a decentralized finance protocol to repay users for the flash loan hack on its platform. The hack of nearly $19 million occurred on Aug 30, 2021. Cream Finance puts news of a post-mortem to the massive exploitation of the AMP flash loan. The protocol promises to repay the stolen Amp (AMP) and Ether (ETH) coins. It plans on footing its promise by allocating 20% of all the protocol fees until the debt is fully paid. Furthermore, the Read more …

In a press release sent to Bitcoin Magazine, bitcoin rewards app giant Fold confirmed that they have committed to integrating Lightning Network support by the end of 2022. This is an effort to support the growth of the Lightning Network, a second-layer scaling solution, which is proving to be vital in bitcoin’s journey to becoming a medium of exchange (MoE). Lightning allows for low fee off-chain transactions and near instant micropayment processing, in addition to greater privacy. With Fold integrating Read more …

Alexander Lukashenko, the President of Belarus, urged citizens to stay in their home country and mine bitcoin instead of moving abroad for low-paying jobs, reported CoinMarketCap. Rather than travel to Poland or Germany to fill farming positions, Lukashenko said in a recent meeting with the employees of JSC Belaruskali, Belarusians should stay in the country and seek alternative sources of income such as mining bitcoin. “Create something with electricity,” Lukashenko urged in a video posted by the “Pool of the Read more …

On Tuesday, the global talent, sports, and entertainment agency, United Talent Agency (UTA), announced the company has signed three non-fungible token (NFT) projects created by the firm Larva Labs. UTA will work with the NFT collectibles and intellectual property (IP) for Cryptopunks, Meebits, and Autoglyphs across television, film, licensing, publishing, and video games. UTA to Work With 3 Larva Labs Projects Including Cryptopunks The American talent firm based in Beverly Hills, California, United Talent Agency (UTA), has been a growing Read more …

2020 was a huge year for the crypto gambling sector. It was a bad year for the world on the whole, but as more people stayed home and looked for ways to pass the time, online casinos and sportsbooks stepped in. In 2020, we saw more crypto casinos launch than ever before. New crypto games also hit the market every single week—or so it seemed—and things were on the up. The growth continued into 2021 and then hit a roadblock Read more …

Everything about the fake Banksy NFT story fits together like puzzle pieces. And it’s mysterious. And no one gets hurt. A feel-good story with a twist, if you will. First of all, the person who bought the fake Banksy NFT is known as Pranksy. That’s right, Pranksy. What are the odds? And it just gets weirder from there. Related Reading | David Marcus Of Facebook Indicates Plans To Support NFTs You see, Pranksy is a notorious NFT collector. Twitter gave Read more …

The world’s second-leading crypto asset in terms of market valuation, ethereum, has seen significant gains during the last few days. Over the last 24 hours, ether values have jumped over 5% and during the course of the last week, ether has gained 11.8%. The crypto asset’s $417 billion market cap represents 18.9% of the $2.21 trillion crypto economy. Ethereum Prices Jump Close to 40% in 30 Days All eyes have been on ethereum (ETH) during the last few days as Read more …

Last week, Bitcoin Developer Marco Falke logged his 1,752nd commit to Bitcoin Core’s codebase, passing W. J. van der Laan to become the most prolific Core Dev in terms of the sheer number of individual changes submitted to the project. As a full-time Bitcoin Core repository maintainer since 2016, Falke himself is the first to point out that many of his commits represent minor tweaks that are merged to the codebase relatively easily, and that this milestone in and of Read more …

Earlier this year, to commemorate the occasion of Bitcoin having reached a $1 trillion market cap, the data-centric website Visual Capitalist ran a comparison. It looked at how long the major tech stocks had taken to achieve their own $1 trillion valuation compared to BTC. This analysis is interesting because you can chart the impact of technology on the time it takes to reach a $1 trillion market cap. As the earliest pre-internet tech pioneers, Microsoft and Apple had to Read more …

Twitter is now testing the ability to tip users in Bitcoin through Jack Maller’s lightning network app Strike, according to The Block and a post on MacRumors. Code within Twitter beta suggests that the Bitcoin tipping service is currently being tested. Mobile developer Alessandro Paluzzi tweeted an image of what the feature looks like so far. According to The Block, the new lightning service will be Strike enabled and also support Square’s forthcoming hardware wallet. The company also lists Blue Read more …