Month: March 2022

Almost half of Russia’s $630 billion reserves have been seized by foreign governments since the invasion of Ukraine. It was relatively easy to do given modern financial infrastructure. The mainstream temptation is to react favorably to this move. Russia will be poorer and so less able to fund its war. The baddies lose, the goodies win. Now consider the story of the Canadian truckers who have been criminalized by their own government for seemingly doing little more than protecting their Read more …

Layerzero Labs, the firm behind the interoperability protocol Layerzero, has revealed the company has raised $135 million in a Series A+ finance round led by Andreessen Horowitz (a16z), FTX Ventures, and Sequoia Capital. The new financing brings Layerzero Labs’ overall valuation to $1 billion and the funds will be leveraged to develop cross-chain decentralized applications (dapps) powered by Layerzero. Layerzero Raises $135 Million From Andreessen Horowitz, FTX Ventures, Sequoia Capital On March 30, 2022, the company Layerzero Labs announced it Read more …

Bitcoin investment companies Seetee and Ten31 have partnered to drive investments in Bitcoin infrastructure. The partnership will see Seetee become Ten31’s lead investment partner for Bitcoin-based projects, companies and founders. The two companies have a track record of investing in over 20 Bitcoin companies and continue to represent values widely held in the space. Bitcoin investment companies Seetee and Ten31 announced a partnership meant to strengthen infrastructure and development of the protocol by investing in projects, companies and founders within Read more …

press release PRESS RELEASE. NovaTerra is a Metaverse MMORPG featuring a play-to-earn model. The game is set in a post-apocalyptic future, where humanity has turned the planet into a barren wasteland. Following the planet-wide devastation, massive drought has made water an extremely scarce and valuable resource. The player character is a survivor who is helping to rebuild society and terraform this post-apocalyptic wasteland. The gameplay revolves around farming, building and cooperation between players. Successfully farming crops and cooperating with other Read more …

Introduction Several people have recently brought up the contention that bitcoin, as a deflationary money, cannot truly function as real money. This was brought to the surface again by Natasha Che (@RealNatashaChe) in a long Twitter thread. These arguments against a deflationary currency all condense to a belief that, since the money will have more purchasing power tomorrow, no one will spend it today. While this may be a reasonable assumption when a money which is normally inflationary enters a Read more …

Bitcoin miner Cleanspark has revealed the company is expanding operations in Texas with up to 500 megawatts (MW) of renewable power. The firm has inked a deal with the Houston-based Lancium to initially secure 200 MW of Lancium’s renewable power and has the option to obtain 300 MW more going forward. Cleanspark Reveals Plans to Expand to the Lone Star State, Firm Partners With Texas Energy Firm Lancium On Thursday, the Nevada-based Cleanspark revealed plans to add up to 500 Read more …

European Union lawmakers voted on Thursday in favor of a de-facto surveillance regime for Bitcoin and cryptocurrency transactions as the region seeks to gather identifying information on transfers between private, self-custody wallets. The EU Committees on Economic and Monetary Affairs (ECON) and on Civil Liberties, Justice and Home Affairs (LIBE) voted to extend anti-money laundering requirements that currently apply to fiat payments over EUR 1,000 ($1,115) to the cryptocurrency sector. However, the rules scrap the floor for payments in bitcoin Read more …

On March 26, the Luna Foundation Guard (LFG) held 24,954.95 bitcoin and during the last five days, LFG’s bitcoin wallet accumulated 5,773.02 bitcoin. At the time of writing, LFG’s wallet now holds 30,727.97 bitcoin worth more than $1.4 billion using today’s exchange rates. In a relatively short period of time, LFG’s bitcoin wallet is up there with some of the largest crypto treasuries on record. LFG Wallet Accumulates 5,773 Bitcoin in 5 Days During the last two weeks, the Luna Read more …

Solana extended recent gains, as it continued to cement its place as the world’s sixth-largest cryptocurrency. ZIL also rose on Thursday, following yesterday’s 50% increase in its value. All of this came as WAVES jumped by as much as 15% during the session. Zilliqa (ZIL) Although solana (SOL) was higher for a third straight session, hitting a multi-month high in the process, it was zilliqa (ZIL) which was once again the day’s biggest gainer. Today’s surge saw ZIL/USD climb to Read more …

press release PRESS RELEASE. Palo Alto, USA, March 2022 – Vechain (VET), the leading layer-1 smart contract platform has announced it is adding Alchemy Pay’s (ACH) mainstream-friendly fiat payment channels and crypto on-ramps to its network. Alchemy Pay is a specialist in providing practical payment solutions that connect up fiat and crypto economies. Its crypto acceptance payment system for online and offline businesses with 2 million+ merchants in over 70 countries worldwide now supports VeChain’s VET token for payments. VeChain’s Read more …

Compton Magic, an AAU basketball program known for developing high-level collegiate and NBA players, has partnered with Swan Bitcoin for the first Bitcoin-Basketball program. Players of Compton Magic will be gifted bitcoin on a recurring basis and through world-class educational resources at Swan Bitcoin, players will learn the values of sound money. Coaching Staff will also be awarded bitcoin through a Bitcoin Benefits Package provided by Swan Bitcoin. Compton Magic, a premier Amateur Athletic Union (AAU) basketball program known for Read more …

Home mining is one of the best expressions of individual sovereignty available, but every retail mining operation carries a variety of risks that need to be accounted for and mitigated as much as possible. Broadening awareness of the benefits of converting electricity into KYC-free units of censorship-resistant internet money in a basement, garage or backyard shed has been a key catalyst for the ongoing surge in at-home mining. But just like storing private keys can involve tedious operations security (OPSEC) Read more …