Category: Cryptocurrency News

Cryptocurrency News and Public Mining Pools

Russia’s Tinkoff Bank Enters Crypto Space Through Swiss Company Acquisition

The Russian neobank Tinkoff is joining the world of cryptocurrencies with the purchase of a stake in Aximetria, a Swiss-registered and licensed company which provides clients around the world with services and solutions for digital financial assets. Tinkoff Bank Buys Stake in Aximetria TCS Group Holding, the owner of the Russian Tinkoff Bank, has reportedly […]

Gas fee consistently over 10k

Hey guys, I come to this forum because I've been in the NFT space for awhile now but all day today my gas has not touched anything lower than 10k today, was wondering if this was a problem with other people or if there was something on my end that I can do to fix…
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Can I swap Tokens from the polygon chain to rvn?

Got some dust on the polygon chain from a mining attempt and was wondering if I can swap it to rvn somehow. I found a Matic/rvn pair but I'm not sure if they expect Tokens on the L1 submitted by /u/microalt [link] [comments]

Bitcoin Could Become Legal Tender in Tonga by the end of the Year

submitted by /u/Comprehensive_South3 [link] [comments]

Lightning Speed 004: What’s The Lightning Development Initiative?

There’s no denying that 2021 was the Lightning Network’s year. What does the future hold, though? If the objective is to onboard the next billion people, the network needs work and fine-tuning. To grab the bull by the horns, The Human Rights Foundation and Strike set up three 1 BTC bounties.  The bounties will go to the first person or team to develop an anonymous Lightning tip jar, a tokenless way to peg BTC to dollars, or a privacy-focused wallet that supports some kind of Chaumian e-cash feature. In a Twitter Spaces conversation about the program, they named it The Lightning Development Initiative.  A catchy name that we’ll use from now on to refer to all of this. This fourth edition of Lightning Speed is all about the future. Let’s explore the three ideas and the new information that we have about each of them. The Lightning Development Initiative In Twitter Spaces Among the speakers were Strike’s Jack Mallers, The Human Rights Foundation’s Alex Gladstein, Bitcoin Magazine’s Christian Keroles AKA CK Snarks, and Tales From The Crypt’s Matt Odell. It took place on December 29th and Bitcoin Magazine hosted it. A Twitter user named Gigi summarized it for us. 🚨 A thread summarizing the Lightning Développement Initiative Space ⬇️ 3 amazingly interesting topic related to the bounties were discussed. I'm so bullish on Lightning⚡ it hurts. Very grateful to have these people on our side ❤️👑 let's look at my notes 🧵 pic.twitter.com/PRs9cohPaN — Gigi ⚡🇨🇵 (@GuerillaV2) December 29, 2021 Bounty #1: An Anonymous Tip Jar In our sister site Bitcoinist’s report, they described the challenge as follows: “Can you create a Lightning tip jar that doesn’t reveal any information about the parties involved? That’s the first task. How to receive completely anonymous donations. According to Bitcoin Mag, the “goal is to enable anyone to use free and open-source software (FOSS) to print a QR code that can be used for receiving Lightning payments privately. Importantly, “The QR code should not reveal the public key or IP address of the user.”  In the Lightning Development Initiative’s report, we learned that this has to do with the two competing protocols, Bolt12 and lnurl. Jack Mallers “pointed out the absolute need for interoperability on the Lightning Network and that even though lnurl might not be “optimal” right now, the market will eventually decide what open standard they prefer to use. He thinks that currently UX is a major focus for the Lightning community and we should make peace with the fact that there will be competition between solutions.” Rockstar pointed out that this debate around lnurl vs bolt12 will have huge implications for the future but that he's glad that there's now an active discussion on the matter. Jack added that contrary to the Bitcoin main chain, we can somewhat afford to fuck up on LN.. — Gigi ⚡🇨🇵 (@GuerillaV2) December 29, 2021 Mallers put forth another interesting idea, “contrary to the Bitcoin main chain, we can somewhat afford to f**k up on the Lightning Network. As long as the Bitcoin monetary policy is not threatened then we can freely fiddle on top of the protocol via Lightning.” BTC price chart for 01/14/2022 on Bitfinex | Source: BTC/USD on TradingView.com Bounty #2: Stablecoin On Lightning Without A Token Bitcoinist described this one as: “The second challenge seems to be even more difficult, at least on a conceptual level. The HRF and Strike want a wallet that enables “anyone to “peg” an amount of bitcoin to U.S. dollars without needing an exchange or another token.” That’s right, without a centralized entity. And relying only on sats and bitcoin.” Gigi summarizes why the world needs this: “The goal is to allow people to access dollars without a single point of failure. Further down the line, as Bitcoin becomes less volatile, these people can use btc, but until then there’s massive demand for holding value in dollars. The tether market cap is proof of this.” It serve an important humanitarian use case. We need to create the foundation for this new financial system.@Chris_Stewart_5 > > maybe it can be done with DLC's? Not using a token but rather something representing price exposure (think Eurodollar system). (oracles?) The END. — Gigi ⚡🇨🇵 (@GuerillaV2) December 29, 2021 Bounty #3: A Chaumian E-Cash Feature First of all, Investopedia defines Chaumian e-cash as: “eCash was a digital-based system that facilitated the transfer of funds anonymously. A pioneer in cryptocurrency, its goal was to secure the privacy of individuals that use the Internet for micropayments. eCash was created by Dr. David Chaum under his company, DigiCash, in 1990.“ So, once again, anonymity is the priority. As Alex Gladstein put it when announcing the bounties, they’re “for the first open-source, non-custodial, non-KYC Lightning wallets to ship features requested by dissidents worldwide.” Also, take into consideration the words of security expert Brian Trollz, “Bitcoin without privacy is nothing but a surveillance system.” Bitcoin without privacy is nothing but a surveillance system. — Shino (@brian_trollz) January 13, 2022 What does Gigi have for us on this topic? “We need a sort of Chaumian e-cash, extremely easy to use for the Plebs and accessible. Maybe the solution is a federated  one, making it harder to regulate.” He then quotes Jack Mallers again, “There’s going to be a singular standard for the internet of money (Bitcoin). Many will compete on top of BTC so we need “interoperability to the standard.” Matt: We need to make it very easy to use because experience shows us that if it's somewhat challenging (coinjoins etcc) people won't bother to protect their privacy (goddam idiot normies 🤡) — Gigi ⚡🇨🇵 (@GuerillaV2) December 29, 2021 Conclusion: The Future Is Bright Developers, teams, companies, anyone can earn the Lighting Development Initiative’s bounties. The non-profit OpenSats will serve as the judge. They are all open for the whole year. If by the end of 2022 no one has claimed them, the money will go to the Human Rights Foundation’s Bitcoin Development Fund on January 1st. Which is fair. Especially considering they just gave 425 million Sats to these worthy organizations and individuals. For more information and details read Bitcoinist’s original report. Featured Image by Micah Tindell on Unsplash | Charts by TradingView

Harmony (ONE) is down, and I hate it.

As of this morning, the Harmony network grinded to a halt yet again. See https://explorer.harmony.one/blocks/shard/0 for proof. I'm super conflicted on how I feel about this. I have been a ONE supporter and fan from early 2021 onward, and I'm super excited for the future since amazing dApps are being built on it as we…
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When will there be decentralized Uber eats.

Driver's earn Food tokens. Eaters spend food tokens. submitted by /u/maberta [link] [comments]

Tesla launches Dogecoin payments for merch but there is a catch

Tesla starts accepting Dogecoin payments for company merchandise. However, the firm states that they will not issue refunds for DOGE purchases.

Question about gas amounts

Hey guys, I have a question about eth gas. I always thought the price was fixed and only depended on how busy the network currently is. But yesterday I had to claim an airdrop, list an NFT for sale, and also deposit a token for staking. These three actions were within a few minutes timespan.…
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Blockchain Backed Webtoon Platform TooNFT Launches On Toomics Ecosystem

TooNFT plans to develop a decentralized webtoon platform. The project has raised a staggering $1.75 million in a private round supervised by HG Ventures. The TooNFT project succeeds in attracting institutional investors such as Mindfulness Capital, Adaptive Labs, Prestige Fund, Alphabet, and GBIC. With the backing of such investors, TooNFT is set to become an incredible product. According to the press release, TooNFT will leverage the ecosystem of an immense profit-generating business model of Toomics, a South Korean Webtoon firm. The affiliate of the TooNFT, Toomics has become South Korea’s leading subscription platform with 50 million active users and 10 million app downloads. TooNFT caters to an incredible NFT ecosystem and values bringing disruption that separates it from other webtoon service providers. What is Toomics? With 10 million app downloads and 50 million active users, Toomics has become the leading webtoon comics firm in South Korea. Toomics was founded back in 2015 accumulating $15 million from institutional investors to create the leading webtoon comics company in South Korea. Over the past few years, Toomics has partnered with Tencent, KEB Hana Bank, GMarket, and AfreecaTV. It has also received multiple awards from reputable institutions. Furthermore, Toomics generates approximately $60 million yearly through its subscription service. TooNFT Introduces NFT Concept in Comics and Webtoon Industry TooNFT has been launched on Toomics to embrace the outlook of a decentralised future. TooNFT strives to alleviate the creative ecosystem and develop a financial framework where writers can attract investment without involving any middlemen. As previously stated, TooNFT has amassed $1.75 in private and seed rounds from institutional investors. The project will develop a sustainable technology that will fill in the need for an ideal project in the webtoon industry. The blockchain-fueled platform TooNFT will provide its users with secure, reliable, and easy access to invest in the project alongside staking opportunities and transparent data. TooNFT is set to become the first decentralized webtoon platform that operates on the blockchain. It’s worth noting that Toomics is already a significant brand in the webtoon industry with 50 million users and 2.6 billion page views through its subsidiaries in the world including North America, Singapore, and Taiwan. The stage is all set for TooNFT to conquer and become the top blockchain-powered webtoon service. Another aspect that might appeal to the community is that TooNFT will start its journey with 11 languages such as English, Korean, French, Spanish, and others. In 2023, TooNFT intends to facilitate its users with P2P trading and investment opportunities after launching the next-gen NFT market. It also plans to allow users to trade NFTized content, investment opportunities, and fundraising without the interference of any third party. Most likely TooNFT will host content producers and numerous webtoon podiums in the future.