Jack Dorsey announces Bitcoin Legal Defense Fund
The fund will help provide a legal defense for Bitcoin developers and will include a team of volunteers and part-time lawyers.
The fund will help provide a legal defense for Bitcoin developers and will include a team of volunteers and part-time lawyers.
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Ethereum token development is one of the prevalent development opportunities, which upholds the whole network and numerous interconnected projects running simultaneously. Ethereum-based tokens can represent the value and service, and innovative companies use these tokens as internal currencies to buy, sell, and trade within the ecosystem. Now that Ethereum supports token development, its community also…
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PRESS RELEASE. Arkania Protocol has announced its IDO Launchpad for the public, with anti-whale mechanism, KYC and robust security. 12th January, St. Vincent & the Grenadines — The Arkania platform connects promising new projects with the global crypto community, offering developers a chance to showcase innovative new start-ups to individuals who then have the option […]
The carbon offset accumulating DAO on Polygon has rapidly increased the amount of offsets it has in its treasury by increasing spending and diversifying its source of offsets.
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It’s time for the Btrust to start making moves. And they did so by announcing their “to-do list” and “high level goals.” A month ago, Block CEO Jack Dorsey and rapper and entrepreneur Jay-Z announced the members of the board for their 500 BTC blind trust. Btrust’s purpose is to “make bitcoin the internet’s currency” and their field of action is Africa and India. Hello World 👋 We’ve been working hard on getting ₿trust set up. To start out, we’ve broken up our to-do list into a set of high level goals. Each of these tasks require careful thought. We’ll be requesting feedback from the community on individual items in the weeks to come! — btrustteam (@btrustteam) January 11, 2022 Said members of the board took charge and recently showed the world what they’ve been working on since they did so. “Each of these tasks require careful thought. We’ll be requesting feedback from the community on individual items in the weeks to come!,” Btrust said in its inaugural Twitter thread. Before going through those tasks, though, let’s remember who those members are. At the time, NewsBTC reported: “The blind trust’s board members are: Ojoma Ochai, Obi Nwosu, Abubakar Nur Khalil, and Carla Kirk-Cohen, the only South African of the bunch. By just casually looking at their Twitter feeds it becomes obvious that they’re all thoroughly dedicated to Bitcoin already.” Related Reading | South African Man Loses $900,000 Worth Of Bitcoin After Accidentally Deleting Keys In a recent interview with Blockworks, 22-years old Abubakar Nur Khalil said: “It’s very, very important for us to keep it as transparent as possible,” he said. “We’ll be communicating a lot about the process, our thinking and the things we’re going to be doing going ahead primarily through Twitter.” And so they did. Let’s explore what that process looks like and what the Btrust will be working on in months to come. BTC price chart for 01/12/2022 on Coinbase | Source: BTC/USD on TradingView.com Btrust’s Guiding Principles And Jurisdiction Following Bitcoin’s lead, the first thing the Btrust will do is to establish “Genesis Principles.” In other words, “Btrust’s vision will be laid out in an immutable set of principles.” Everybody involved in the organization will follow them, and there will be the option of using soft-forks and hard-forks to resolve disagreements or to accommodate different visions. There’s another caveat, “Boards are bound to act in accordance with the principles, but the implementation is their prerogative. This provides flexibility, while staying true to Btrust’s vision.” So far, so good. This all sounds very Bitcoiny. 2️⃣ Implement Principles We’ll outline how we’re going to implement each of the principles in our work. Boards are bound to act in accordance with the principles, but the implementation is their prerogative. This provides flexibility, while staying true to ₿trust’s vision. — btrustteam (@btrustteam) January 11, 2022 The next step is crucial, “Entity and Jurisdiction.” Under what jurisdiction will the Btrust operate? What type of entity will they choose to be? “Btrust requires a formal entity to hire employees, contract the board and provide a legal system to hold representatives accountable.” In relation to this, Nur Khalil told Blockworks: “We’re looking at starting with Africa initially, but then gradually expanding into other regions in the global South,” Nur Khalil said. “So that’s places like India as well. And then in general, with regards to the overall vision, we feel there’s so many disparities in some of these regions like Africa in terms of the actual amount of talented developers versus those of them that are actually working on Bitcoin.” Custody And Communication This is a great opportunity to test out Bitcoin’s multisig superpowers. “We will work on a proposal outlining various custody solutions, with the end goal of safely taking custody of the 500 BTC.” Also, important for people out there looking for opportunities, Btrust will be hiring “a full time lead to manage daily operations.” 5️⃣ Recruit a Lead Once we’ve delivered 1️⃣,2️⃣ and 3️⃣, we will be looking to hire a full time lead to manage daily operations of ₿trust. This is one of the most important board responsibilities, and we’re looking forward to finding somebody to bring ₿tust's vision to life! — btrustteam (@btrustteam) January 11, 2022 Last but not least, they’ll create some way of communicating with all of you. “We’re committed to building Btrust with input from the Bitcoin community. For now, we’ll be using twitter to communicate our progress, but it’s not scalable.” And they’ll raise funds to set up the organization. “We want to take our time to think about our approach to custody & company formation. This is a prerequisite for any investment. We’ll create a separate plan for how to cover any required set up funding.” Related Reading | Spiral BTC Releases Lightning Development Kit. Jack Dorsey’s Puppet Promotes It In relation to this, Nur Khalil told Blockworks: “What we’re trying to optimize for is trying to do things gradually because there’s a lot and we won’t just look at the ecosystem and just throw a bunch of money on it. We still have to be meticulous on what the impact is.“ Great work so far, Btrust. We at NewsBTC are looking forward to covering your next steps and seeing what the future brings for the organization, Bitcoin, Africa, and India. Featured Image by EglantineUdry on Pixabay | Charts by TradingView
Ethereum started an upside correction above the $3,180 zone against the US Dollar. ETH price must clear the $3,250 to continue higher in the near term. Ethereum started a decent increase above the $3,200 resistance zone. The price is trading above $3,200 and the 100 hourly simple moving average. There is a key bullish trend line forming with support near $3,190 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to rise if there is a clear break above the $3,250 resistance zone. Ethereum Price Aims Upside Break Ethereum started a decent increase above the $3,150 resistance zone. ETH even broke the $3,200 resistance zone and the 100 hourly simple moving average to move into a positive zone. The upward move gained pace, but the bears appeared near the $3,250 level. A high was formed near $3,264 and the price is now consolidating gains. It is trading well above the 23.6% Fib retracement level of the recent increase from the $2,931 swing low to $3,264 high. Besides, there is a key bullish trend line forming with support near $3,190 on the hourly chart of ETH/USD. Bitcoin price is trading above $3,200 and the 100 hourly simple moving average. Source: ETHUSD on TradingView.com On the upside, an immediate resistance is near the $3,250 level. A clear move above the $3,250 level might start a major increase in the near term. The next major resistance is near the $3,330 level, above which ether price could test $3,400. Any more gains could send the price towards the $3,550 level in the near term. Fresh Decline in ETH? If ethereum fails to start a fresh increase above the $3,250 level, it could start another decline. An initial support on the downside is near the $3,200 level. The first key support is now forming near the $3,190 level and the trend line. A downside break below the $3,190 level might spark a fresh decline. In the stated case, the price could test the $3,100 support zone. It is near the 50% Fib retracement level of the recent increase from the $2,931 swing low to $3,264 high. Technical Indicators Hourly MACD – The MACD for ETH/USD is slowly losing pace in the bullish zone. Hourly RSI – The RSI for ETH/USD is above the 50 level. Major Support Level – $3,190 Major Resistance Level – $3,250
“As an artist, we need a certificate of authenticity to connect to the art. NFTs act as a certificate of authenticity and create value and legacy,” said Jerome Baker Designs Founder and President Jason Harris.
The blockchain-powered game Axie Infinity has been a very popular application during the last 12 months, as the game’s NFTs have outpaced every NFT collection today in terms of all-time sales. While Axie Infinity has seen $3.85 billion in all-time sales, Nansen researcher Martin Lee recently published a report on how Ronin, Axie Infinity’s sidechain, […]