Federal Security Service of Russia Seeks Powers to Obtain Information From Crypto Platforms – Bitcoin News

The Federal Security Service of the Russian Federation has issued a draft order allowing its agents to request information from cryptocurrency platforms among other organizations. The move follows changes made to the anti-corruption legislation in Russia, the agency noted. FSB Wants Access to Crypto Data for Anti-Corruption Checks in Russia Russia’s main law enforcement agency, the Federal Security Service (FSB), has decided to grant its employees additional powers to acquire information from various organizations and institutions as part of efforts Read more …

The Bitcoin White Paper Was Released 13 Years Ago

The research paper detailing the engineering and design requirements to enable the first distributed, uncensorable, electronic digital cash system to come to life was released 13 years ago. The Bitcoin white paper publicized the long-sought resolution to the double-spending problem of all previous attempts to build digital cash. However, contrary to popular belief, the invention of Bitcoin by Satoshi Nakamoto wasn’t precisely an unprecedented construction. The quest for digital cash had started many years before the Bitcoin white paper was Read more …

Web3 Infrastructure Provider Alchemy Raises $250 Million in Funding Round Led by a16z – Finance Bitcoin News

Alchemy, one of the leading infrastructure providers for blockchain and web3, has raised $250 million in its series C funding round, giving it a valuation of $3.5 billion. The round was led by a16z, which considers we are at a turning point in the web3 space. The company has multiplied its revenue by 15x in the last six months, a testament to the impact it has caused on the ecosystem. Alchemy Reaches $3.5 Billion Valuation Alchemy, a web3 Read more …

Patreon Considers Allowing Creators to Use Crypto for Monetization – Bitcoin News

Patreon, the membership platform, is pondering the idea of letting creators in its platform issue their own creator coins. The statement, that constituted a revelation, was offered by Patreon CEO and co-founder Jack Conte and Chief Product Officer Julian Gutman during The Information’s 2021 Creator Economy Summit. This is consistent with a report presented last September that evaluated using crypto as part of the platform. Patreon Flirts With Crypto Patreon, the well known membership organization, is now pondering Read more …

Nigeria’s 24.2% Adoption Rating Is the Highest Rate of Crypto Ownership Globally – News Bitcoin News

According to the latest Finder Cryptocurrency Adoption Index, in October 2021, Nigeria had the highest rate of cryptocurrency ownership globally, at 24.2%. Bitcoin Is the Most Popular Coin in Nigeria In addition to finding the West African nation as the country with the highest proportion of citizens that hold cryptocurrencies globally, the survey also discovered that “of the 1 in 4 online adults in Nigeria who own some form of cryptocurrency, bitcoin is the most popular coin in Nigeria at Read more …

XinFin Based StorX Offers the Most Reliable Decentralized Cloud Storage Solution

Data is the most important element of today’s information-driven businesses. The better decision-makers understand their staff’s requirements, industry developments, and client expectations. Also, it can more strategically plan future growth. This need has fuelled massive development in decentralized cloud storage. StorX aspires to be a decentralized cloud storage leader. Convenient enterprise-grade storage options like Google Drive are combined with solid open source technologies. It wants to democratize the monopolized cloud service industry. Its technology allows consumers to rent storage from Read more …

A New Academic Paper Describes 3 Attack Methods Against an Ethereum PoS Chain – Bitcoin News

Following the Altair upgrade on the Ethereum network, the protocol’s native cryptocurrency reached a new all-time price high. Altair is the next step for the Ethereum’s network’s proof-of-stake (PoS) transition. However, a recently submitted white paper explains that a group of computer scientists from Stanford University and the Ethereum Foundation believe there are three attack vectors “on [a] proof-of-stake Ethereum” blockchain. The 3 Attacks Against Ethereum Thesis Aims to Describe a Proof-of-Stake Problem Based on Evidence The Ethereum network currently Read more …

Mad Money’s Jim Cramer Invests in Crypto Because ‘There Could Be Millions of Greater Fools Out There’ – Markets and Prices Bitcoin News

The host of Mad Money, Jim Cramer, has some advice for crypto investors. “As long as you recognize the very real possibility that the whole investment case for crypto rests on the greater fool theory, you’ve got my blessing to speculate on it,” he said. Cramer added that he is holding ether because he believes “there could be millions of greater fools out there.” Jim Cramer’s Crypto Investing Advice The host of the Mad Money show on CNBC, Jim Cramer, Read more …

Apple Co-Founder Steve Wozniak Warns Governments Will Never Allow Crypto to Be Out of Their Control – Bitcoin News

Apple co-founder Steve Wozniak sees bitcoin as mathematical purity, praising its fixed supply. However, he said that governments will never allow it to be out of their control. “If it got to the point where everything is being done in crypto and didn’t pass through governments for observation and taxation and all that, governments would just disallow it,” said the Apple co-founder. Steve Wozniak Says Governments Will Never Allow Crypto to Be Out of Their Control Apple co-founder Steve Wozniak Read more …

Bitcoin Mining And Semiconductor Shortage

Supply chain shortages are starting to reveal many geopolitical dependencies on external actors for different resources, and the overall fragility that those dependencies can create for any given nation when supply chains are stressed. All it takes is for one little domino to tip and problems cascade through the entire system. It should come as no surprise that nations are starting to view these compounding problems as national security issues and responding accordingly. Addressing The Semiconductor Shortage For instance, the Read more …

Dogecoin Accounts for 40% of Robinhood’s Crypto Transaction Revenue in Q3 – Altcoins Bitcoin News

Trading platform Robinhood has reported that 40% of its cryptocurrency transaction-based revenue was attributable to transactions in the meme cryptocurrency dogecoin in the third quarter. By comparison, dogecoin accounted for 62% of the company’s transaction-based revenue in the second quarter. Dogecoin Trading on Robinhood Robinhood Markets Inc. stated in its quarterly filing with the U.S. Securities and Exchange Commission (SEC) Friday: For the three months ended September 30, 2021, 40% of our cryptocurrency transaction-based revenue was attributable to transactions in Read more …

Finance Author Says $100K Bitcoin Prices Not ‘So Far-Fetched — Don’t Rule It Out’ – Market Updates Bitcoin News

Throughout 2021, there’s been a number of people who have said they expect bitcoin to reach $100K by the end of this year. In more recent times, the six-digit bitcoin price forecasts continue as people are now saying a sudden move to $100K “doesn’t seem so far-fetched.” The Probability of Bitcoin Hitting $100K — ‘Don’t Rule It Out’ Many bitcoin speculators and investors believe the road to $100K is not only probable, but guaranteed. Bitcoin.com News has covered numerous individuals, Read more …