Category: Cryptocurrency News

Cryptocurrency News and Public Mining Pools

Robot guest-conducts the Korean National Symphony Orchestra

The android robot EveR 6 and conductor Soo-Yeoul Choi co-conducted a performance of six pieces with the Korean National Symphony Orchestra.

Thai SEC bans the use of customer crypto assets for lending and investment

Investor protection regulations have been under discussion since September 2022 amid the crypto lending crisis that saw firms such as BlockFi and Celsius declare bankruptcy.

Crypto Twitter has a persistent ‘fake followers’ problem, data reveals

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Crypto Twitter has a persistent 'fake followers' problem, data reveals

Shiba Inu had the greatest number of fake followers at 10.26% or 80,000 accounts, while Avalanche and Polygon followed suit with 8.14% and 7.58% of fake accounts respectively.

Cristiano Ronaldo Goes Crypto Again: Drops Second NFT Collection On Binance

Cristiano Ronaldo, an acclaimed football player, recently made waves in the news for reasons aside from his prowess on the field. He has expanded his involvement in Non-Fungible Tokens (NFTs) by presenting his second NFT collection. This offering aims to celebrate Ronaldo’s exceptional accomplishments throughout his illustrious career, particularly showcasing his unique goals in soccer. Celebrating Cristiano Ronaldo’s Illustrious Career Goals Set to launch on July 3, this new collection will present a diverse selection of 20 unique designs that symbolize significant milestones from Ronaldo’s impressive journey. These designs have been divided into four levels of rarity, ensuring collectors have various options based on their preferences. Each design elegantly captures memorable moments from Ronaldo’s goal-scoring genius—whether a breathtaking bicycle kick or a powerful long-range strike. Each piece encapsulates the essence of Ronaldo’s outstanding ability to find the back of the net. Related Reading: FTX Puts Sale Of $500 Million Stake In AI Firm Anthropic On Hold In the collection, there are highly sought-after items known as NFTs that stand out. These particular NFTs possess six distinct designs, making them exceptionally rare. Only 120 special products exist, turning these super-rare NFTs into valuable collector possessions. Aside from having exclusive digital ownership, each super rare NFT comes with exceptional advantages for its owner. Notably, one of these benefits includes receiving a soccer jersey personally autographed by Cristiano Ronaldo himself—a truly unique and invaluable item that holds immense significance to any football devotee. Anticipation For Cristiano Ronaldo’s Second NFT Collection Cristiano Ronaldo’s initial non-fungible token (NFT) collection encountered a difficult start in the market, facing several challenges. These obstacles emerged during a period marked by significant complexities, ultimately influencing how this collection was received and performed. Related Reading: FTT Flies 45% On Rumors Of FTX Planned Relaunch Among the various hurdles confronted by the first collection, one significant challenge arose when it was launched merely a week following the collapse of the FTX Derivatives Exchange. The demise of FTX had substantial ramifications on general crypto market sentiments, resulting in an overall decline and eroding investor trust. Nonetheless, given the increasing traction and comprehension of NFTs among collectors and enthusiasts alike, alongside possible improvements in market conditions, there is potential for Ronaldo’s second collection to attract a broader audience. Addressing Legal And Regulatory Challenges In The NFT Market The advent of non-fungible tokens (NFTs) has given rise to legal and regulatory complexities on a global scale. This issue primarily stems from lacking an internationally acknowledged legal definition for NFTs. However, countries are currently developing their systems for classifying NFTs, highlighting the urgent need for a worldwide organization that can set universal regulations and legitimize these digital assets. As the NFT market continues to experience substantial expansion, it becomes even more crucial to establish a governing agency that can effectively address these challenges. Featured image from Twitter, charts from TradingView.com

CFPoly Project Update

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EU confirms digital euro plans with draft bill – DW – 06/27/2023

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Belarus wants to ban P2P cryptocurrency transactions

Belarus’ Ministry of Foreign Affairs cited a high crypto crime rate for banning all citizens from exchanging Bitcoin between each other.

Hut8 relocates 6,400 rigs, sees growth in AI & high performance computing

Bitcoin mining firm Hut8 continues to relocate miners from idle North Bay site as demand for AI and high power computing drives new demand.