Category: Cryptocurrency News

submitted by /u/namelesscreature0 [link] [comments]

Back in 2010, a software developer named Gavin Andersen (part of the Bitcoin dev team) wanted to promote mass adoption for Bitcoin. Using the website freebitcoins.appspot.com he let users earn 5 BTC per day, simply for solving captcha. During 2010, he gave away around 19K BTC. (I wonder how much he has left for himself.…
Read more

The court accepted the Plaintiffs’ requests to provide “undoubtedly important” documents in the alleged fraud case.

Africa-focused crypto exchange Yellow Card recently revealed it has closed its $40 million Series B funding round. The exchange’s announcement of its latest capital raise comes just over a year after it raised $15 million from its Series A round. Funds to Be Used for Development of New Products Yellow Card, an Africa-focused cryptocurrency exchange, […]

Scalability trilemma implies that to scale, blockchains usually need to sacrifice one of their three fundamental cornerstones — security or decentralization, or transaction throughput.

The two have formed a strategic partnership to build a virtual STEPN city in the GigaSpace metaverse.   The new metaverse GigaSpace has formed a strategic partnership with the move-to-earn fitness app STEPN to build a virtual STEPN City for their community. Sharing the same vision with STEPN – building a bridge connecting Web2 & Web3, GigaSpace is building a virtual world that is not only designed for Web3.0 parties, but also Web2.0 parties that will dive into Web3.0. The STEPN City will be a sports-themed city that includes buildings and facilities such as stadiums, shopping malls, and community space, where fans and supporters can buy STEPN merchandise, initiate community events, and interact with each other in a meaningful way. The virtual City is currently under development and will be available in phases after GigaSpace alpha launch. The objective of this partnership is to provide a virtual space where the fans from around the world can gather easily, not limited by geographical barriers. Below shows a 24 x 24 plot of land owned by STEPN in the GigaSpace Metaverse. STEPN & GigaSpace land About STEPN STEPN is a Web3 lifestyle app with Social-Fi and Game-Fi elements. Users that are equipped with NFT Sneakers accrue points based on the distance they walk, jog or run, which is tracked through GPS, and then receive rewards in tokens for their progress. The rewards are credited to the user’s wallet as Green Satoshi Tokens (GST), which can be used to level up and mint new Sneakers. About GigaSpace GigaSpace is building the world’s first Web5 metaverse with a unique ecosystem to facilitate business activities and communities by combining the worlds of Web2 and Web3. GigaSpace has already partnered with 100+ Web2.0 & Web3.0 parties within a very short period of time. GigaSpace’s strategic partners and land owners.

As thy title implies, am I getting this wrong or things are not looking that great ? FOMC meeting Russia, I mean Putin Mobilization Dollar going nuts Bonds going up What else ? Not being bearish or whatever, just having a honest feelings about how things are lately and trying to figure out what the…
Read more

There is no doubt that 2022 was a bad year for the cryptocurrency world and those that are associated with the industry in any shape or form. Whether you held virtual currency because you liked to use it as a preferred option on a bitcoin casino to play your favorite gambling games, for the future as a potential investment, or simply because you were interested in what the rage was all about, everyone has been impacted at some point by the news that had consistently been revealed. Why was 2022 a bad year for cryptocurrency? Naturally, when thinking about why something may have been bad for cryptocurrency, many will immediately think about its price. Indeed, one of the biggest things about virtual currency is the fact that it is highly volatile and that its value can tend to fluctuate at huge amounts. We saw this in the first half of the year, with the likes of Bitcoin and Ethereum both crashing by more than 50% from their all-time highs that had been experienced in the final stages of 2021. Since the height of that massive rally, it has been estimated that around $2 trillion had been lost in value between then and now. Naturally, with this in mind, it becomes extremely easy to begin to understand why 2022 has been described as a bad year for the cryptocurrency sector. Furthermore, the fact that Bitcoin had experienced its worse quarter in more than a decade has not helped its cause, either. According to figures, it lost around 58% of this value in the second quarter of this year; posting its worse performance for a quarter since 2011. Reasons to have been attributed to the decline include: Macroeconomic pressures – US Federal Reserve was aggressive with its monetary policy TerraUSD collapse Celsius decided to pause withdrawals Three Arrows Capital was liquidated CoinFlex-’Bitcoin Jesus’ argument Will 2023 be a better year for cryptocurrency? Given all of the trouble that cryptocurrency and the industry has gone through during the current calendar year, there will be many that will be wondering whether next year might see a return to the highs and glory days that virtual currency has been known to have. There is plenty of optimism surrounding Bitcoin holders at the moment, with the average crypto holder expecting the coin to reach levels of over $38,000 by the time 2023 begins. A survey found that holders are currently more optimistic than the general public about the potential price values that can be reached, with many of them consistently predicting it will be higher than what the predicted value is. Of course, it would be easy to suggest that the confidence in the price being able to return as high as predicted is because the people surveyed currently hold the coin themselves. However, they can also be considered to be the experts in this field and know more than the general public in regard to its analysis than those who may not be as educated on the topic of cryptocurrency. Indeed, the topic of cryptocurrency is one that continues to emerge with each year that passes as many more are becoming more accepting of it and its place in the world, which is perhaps why 2023 could also be a good year for it. More interest is likely to mean that more people start to learn more about how it works and what it does, which could then make the interest too significant to ignore by others, thus potentially having a knock-on effect on the price of Bitcoin and other virtual assets next year. Final Thoughts If you know anything about cryptocurrency, then it is probably the fact that digital assets such as Bitcoin and Ethereum are highly speculative and that the price of the coins can fluctuate immensely at any given rate. There is no denying that 2022 has been almost disastrous for virtual currency, with its price having dropped by over 50% for many, nonetheless, there still appears to be some confidence in some quarters that 2023 could be a year to look forward to, especially with many predicting that Bitcoin could reach over $38,000 by the time January comes around.   Image by Sergei Tokmakov, Esq. Terms.Law from Pixabay

China’s central bank intends to enlarge the area covered by trials of its digital yuan currency in four regions of the country. A top representative of the monetary authority announced the move while highlighting that the People’s Bank has been stepping up digitalization efforts this year. Government to Increase Digital Yuan Coverage in 4 Provinces […]

Users can get a username through Coinbase Wallet’s browser extension and use it to send and receive crypto tokens instead of the traditional address.