Category: Cryptocurrency News

Cryptocurrency News and Public Mining Pools

How would Someone go about doing this…

Let’s say you wanted to put an amount of ETH up as a bounty to reward whoever could have someone’s moderator status removed on another sub… how would you do it? submitted by /u/busiestbaron [link] [comments]

CryptoPunks Owner Declines Record-setting $9.5 Million Offer, Explains Why 

Earlier today, the owner of the non-fungible token CryptoPunks #6046 declined a bid of $9.5 million dollars in Ethereum (ETH), which would have been the highest on-chain NFT transaction to date. The bidder, who goes by an ENS of poap.eth, placed the record-setting bid after the CryptoPunks owner tweeted: “My punk is not for sale. Don’t care what anyone offers me.”  CryptoPunks is an NFT collection of 10,000 randomly generated images created by Larva Labs, and is widely touted and recognized as the #1 collection across the entire NFT space.  Related Reading | Cryptopunks are Headed to Hollywood The project is an all-time leader in total transaction volume at 552,073 ETH, or approximately $2.1 billion. Bored Ape Yacht Club (BAYC), which is the next largest collection on OpenSea, has recorded 1/5th of CryptoPunk’s all-time sales volume. According to data from Larva Labs, the most expensive transaction to date was $7.57M for Punk #7804 back on March 11, 2021.  Come on Richerd. Don't you want to go down in history as the top cryptopunk sale to date? pic.twitter.com/JEeIMo2MEm — POAP – The bookmarks of your life (@poapxyz) October 15, 2021 If the bid made by poap.eth were to have been accepted, CryptoPunk #6046 would have become arguably the most valuable CryptoPunk by more than 500 ETH. Interestingly enough however, the owner himself admitted that the “value” of his NFT was nowhere near the ballpark of $9.5M: [#]6046 is probably not worth 2500 ETH, it’s a mid tier punk due to its defining 3D glasses traits. So why would someone offer 2500 ETH on it?”  How Exactly are CryptoPunks Valued? Within NFT collections, the value of an individual piece is often determined by the rarity of its traits and characteristics. This is the case for CryptoPunks, with extremely rare traits like Aliens (0.09%) fetching a far greater price than ones with more common traits. In the case of Punk #6046, its trait of 3D glasses (3%) would be worth considerably less than extremely rare traits.  The average price of a CryptoPunk has skyrocketed over the past year, with data from DuneAnalytics showing a 1300% increase in average sales price since the beginning of the year. Despite these meteoric increases in price, the NFT space is still in relative infancy. Related Reading | Forget NFT Avatars: Owning and Trading NFT Colors Could be the Next NFT Trend on OpenSea  Coinbase, which recently announced its plans to release an NFT marketplace, saw over 1.5 million sign ups – a number trumping OpenSea’s user base by several fold. According to dappRadar, OpenSea has a total user base count of 263 thousand. With Coinbase entering the NFT space, there’s little to no doubt that the industry will continue to grow exponentially.  Interestingly enough, @richerd explained the reasoning behind rejecting the offer. He implied that his brand and online persona was largely connected to his CryptoPunk, and selling it would effectively sever this bond. “My identity, along with [the] identity of other iconic Punks, have value beyond the NFT itself. We have our own brands similar to any other brand and that has value. Because I value my personal brand and identity, this was an easy rejection for me.”  Featured image from Larva Labs  

Flashbots explained in 2 mins

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

The responsibility behind a crypto lender’s asset listing

With the lack of regulation and common standards, a lot depends on crypto companies’ social responsibility and blockchain-based CSR.

MobiePay Rebrands into Mobie Network to Broaden the Scope of Technologies and Products

MobiePay, a popular service that aims to bridge the gap between blockchain and the mainstream, has recently announced a major change of its brand. The project has now changed its name to Mobie Network. Initially, the project started off as MobiePay, in order for people to know what type of project the team is developing and what kind of service they plan to offer. However, as the development continued, the project decided to broaden the scope of different technologies and products that it aims to build and offer. But, with all the new products in the pipeline, the name MobiePay no longer does it justice, indicating that the project offers less than what it actually has. As a result, its team decided to rebrand into Mobie Network, which is expected to help with more utility within their platform. The change will also help build the Mobie ecosystem into a proper network, instead of being simply a payment/banking functionality. On top of that, the project will also enhance its products with other on-chain and off-chain products. The project’s ultimate goal is to turn its Mobie Network into a hub for all of the crypto-specific innovation that is encompassed under the Mobie umbrella. This is meant to include everything, from MobieSwap, Mobie Bridge, the token side of the app, staking and rewards functionalities, the tokenized community, and more. What Innovations are Coming with Mobie Network? Mobie Network will also build mainstream products with blockchain by bridging the gap between user experience and this emerging technology. One way to do it is to provide a more personalized payment experience. Specifically, the project will offer a personal and business finance app that will be available on the web and mobile alike. Next, they aim to offer an efficient and dependable gateway for crypto and fiat currencies alike. This will allow them to handle anything, from checkouts to transfers. Mobie Network also plans to get involved in gaming payments. Crypto and gaming have been a great match for years now, and Mobie Network can contribute to that relationship further by bringing innovative payments, data, and sophisticated analytics. Speaking of analytics, the firm is bringing consumer and market insights to those who need it, and in doing so, it can help drive loyalty and conversions for retailers in any industry. Finally, with the NFT sector exploding in 2021, it is not surprising that Mobie Network is eyeing that space as well.  In terms of NFTs, it will support users with creation, purchasing, storing, or swapping them, with all of the transactions being effortless, efficient, and with a seamless interface. Of course, the network will continue to allow users to spend, send, earn, or give cash or cryptocurrencies instantly. There is a clear advantage to being able to do all of this from one spot. However, Mobie Network is going even further than that now, offering users to use crypto for everyday purchases, it offers incentives for adoption and growth through cashback and affiliate revenue, and it simplifies payments for the merchants, making it easier for them to start accepting cryptocurrencies. In doing so, merchants stand to become a part of an extremely popular emerging crypto industry and increase the number of customers through inclusiveness. Conclusion All in all, MobiePay was an important chapter in the project’s history, but now it is time to take the next step, and Mobie Network is the working name for this new segment of the company’s history.

Noob question: how come my transaction was rejected?

My transaction was rejected because the gas ran out however I was paying above the gas fee. Could someone explain to me why this has happened? Thank you submitted by /u/Chanimo [link] [comments]

The best way after too many years in the game is finally from this app

This app lets you deposit and earn stake from your deposit , the profits are deposited in crypto u choose in your portofolio and are free to use them in the process again . APY precentages from 8% – 68,4 % I was first laughing when the told me but i made a good ammount…
Read more

Jim Cramer: I’m going to sell half my Ethereum on the day Bitcoin ETF launches

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

Salvadoreans are now selling ‘way more’ US Dollars to buy Bitcoin

President Bukele confirms that Chivo has reported 24,076 remittance requests, which has added up to $3,069,761.05 in one day.