claims

‘Bitcoin Is Worth Zero’ — Kenyan Communication Strategist Warns African Investors to Be Wary

Source Node: https://news.bitcoin.com/bitcoin-is-worth-zero-kenyan-communication-strategist-warns-african-investors-to-be-wary/
Time Stamp: November 2, 2021 12:30 AM - Modified On: November 2, 2021 - Published By:
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A Kenyan communications strategist, Mwotia Ciugu, has told African investors to be wary of investing in bitcoin which he claims is worth zero. Bitcoin Structurally Incapable of Delivering on Its Promise In an op-ed published by The Elephant, Ciugu insists bitcoin (BTC) is structurally incapable of delivering on its promise of becoming an alternative store of value or a hedge against inflation. In addition, the strategist also claims bitcoin fails both as a currency and an investment. Although he concedes that Africa has one of the highest cryptocurrency adoption rates,

McDonald’s China Celebrates 31st Anniversary With Big Mac NFT

Source Node: https://beincrypto.com/mcdonalds-china-celebrates-31st-anniversary-with-big-mac-nft/
Time Stamp: October 8, 2021 1:05 PM - Modified On: October 8, 2021 - Published By:
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The non-fungible token (NFT) from McDonald’s will be the first from the company. 188 examples will be gifted to employees and consumers. Sponsored Sponsored The “Big Mac Rubik’s Cube,” was announced by McDonald’s China to celebrate 31 years in the mainland market. In addition to the three decades in business in China, the NFT marks the opening of a new Shanghai-based headquarters.  “McDonald’s is a young and trendy brand that always pays attention to fashion trends and cutting-edge technology,” says CEO of McDonald’s China Zhang Jiayin. He adds that “At this

White hat hacker paid DeFi’s largest reported bounty fee

Source Node: https://cointelegraph.com/news/white-hat-hacker-paid-defi-s-largest-reported-bounty-fee
Time Stamp: September 30, 2021 8:55 AM - Modified On: September 30, 2021 - Published By:
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Belt Finance, an automated market maker (AMM) protocol operating a yield optimization strategy on Binance Smart Chain (BSC), claims to have paid the largest bounty in the history of decentralized finance (DeFi) to a whitehat hacker who averted a $10 million bug crisis. Industry whitehat programmer Alexander Schlindwein discovered the vulnerability in Belt Finance’s protocol this week and reported the news to the team. For his efforts, Schlindwein received a generous compensation of $1.05 million, the majority of which ($1 million) was granted by Immunefi, with the additional $50,000 offered by

Sports NFTs Are Hot Property: How Blockchain Technology Gives Fans New Ways To Connect With Their Favourite Sport

Source Node: https://bitcoinist.com/sports-nfts-are-hot-property-how-blockchain-technology-gives-fans-new-ways-to-connect-with-their-favourite-sport/?utm_source=rss&utm_medium=rss&utm_campaign=sports-nfts-are-hot-property-how-blockchain-technology-gives-fans-new-ways-to-connect-with-their-favourite-sport
Time Stamp: September 30, 2021 4:59 AM - Modified On: September 30, 2021 - Published By:
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It’s an exciting time to be a football fan. The sport is embracing new technology that is enabling fans to show their love for the beautiful game in totally new ways. But even as the digital collectible market expands, the crypto community can still offer fantastic physical prizes. Are NFTs the future of football fandom? The big finance firms seem to think so. SoftBank Vision Fund, LionTree, Bessemer Ventures, IVP, Hillhouse and Atomico were all lead investors in Sorare, a European fantasy football platform that offers digital collectibles in the

Indonesia Confirms It’s Not Imposing Blanket Crypto Ban

Source Node: https://beincrypto.com/indonesia-confirms-not-imposing-blanket-crypto-ban/
Time Stamp: September 27, 2021 5:47 AM - Modified On: September 27, 2021 - Published By:
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The Indonesian government has given its residents the green light for cryptocurrency trading, refusing to impose an outright ban on all crypto-related transactions. Sponsored Sponsored The government instead will seek to focus its regulatory effort on the prevention of crimes in which cryptocurrency is involved. Cryptocurrencies are treated as tradable assets and commodities, which are unfit for payments, according to the Central Bank. The government maintains that crypto assets are a volatile asset class, with little backing. Crypto asset trading was legalized in 2018 in the Ministry of Trade Regulation

COTI to Issue New Stablecoin on Cardano Network

Source Node: https://beincrypto.com/coti-stablecoin-cardano-network/
Time Stamp: September 27, 2021 4:40 AM - Modified On: September 27, 2021 - Published By:
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COTI introduced a new algorithmic stablecoin called Djed for Cardano this weekend in an effort to expand decentralized finance (DeFi) on the network.Sponsored Sponsored The Djed stablecoin was announced at a Cardano Summit in Wyoming on Sept 26 by IOHK founder Charles Hoskinson. The enterprise-grade fintech platform COTI will be the official issuer of Djed which will use the new Cardano smart contracts to ensure price stability, the announcement added.Sponsored Sponsored Djed will be entering an already crowded stablecoin market that is dominated by Tether and USD Coin, however, its

Ripple CEO Says SEC Gives No Clear Framework for Crypto, Discusses XRP Lawsuit

Source Node: https://www.bitcoinnewsminer.com/ripple-ceo-says-sec-gives-no-clear-framework-for-crypto-discusses-xrp-lawsuit/
Time Stamp: September 27, 2021 1:38 AM - Modified On: September 27, 2021 - Published By:
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As the lawsuit with the U.S. Securities and Exchange Commission (SEC) continues, Ripple CEO Brad Garlinghouse insists that the Commission has provided no clarity in crypto regulation. He said the SEC is using its meetings with crypto companies as lead generation for enforcement actions, and the agency has lost sight of its mission to protect investors. Ripple’s CEO Claims SEC Uses Meetings With Crypto Companies as Lead Generation for Enforcement Actions Amid the SEC’s lawsuit over XRP, Ripple CEO Brad Garlinghouse reiterated his concerns over the lack of clarity in

Ripple CEO Says SEC Gives No Clear Framework for Crypto, Discusses XRP Lawsuit

Source Node: https://news.bitcoin.com/ripple-ceo-sec-gives-no-clear-framework-for-crypto-xrp-lawsuit/
Time Stamp: September 26, 2021 10:30 PM - Modified On: September 26, 2021 - Published By:
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As the lawsuit with the U.S. Securities and Exchange Commission (SEC) continues, Ripple CEO Brad Garlinghouse insists that the Commission has provided no clarity in crypto regulation. He said the SEC is using its meetings with crypto companies as lead generation for enforcement actions, and the agency has lost sight of its mission to protect investors. Ripple’s CEO Claims SEC Uses Meetings With Crypto Companies as Lead Generation for Enforcement Actions Amid the SEC’s lawsuit over XRP, Ripple CEO Brad Garlinghouse reiterated his concerns over the lack of clarity in

Time Magazine’s NFT sale peppered with technical problems 

Source Node: https://bitcoinerx.com/blockchain/time-magazines-nft-sale-peppered-with-technical-problems/
Time Stamp: September 26, 2021 3:54 AM - Modified On: September 26, 2021 - Published By:
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When Time Magazine announced it would finally launch its NFT collection, everybody expected that it would sell out quickly, given the magazine’s rich and valuable media content.  While this expectation was indeed met when its NFT collection comprising 4,676 digital art pieces were sold out in just one minute, there was one thing that buyers didn’t expect: Technical glitches.  According to reports, users have experienced gas prices reaching 9,000 gigawei for a rapid transaction. When the minting process was finished, there were roughly 700 holders of NFTs.  Gigawei is a

UK Crypto Exchange Receives Approval From FCA

Source Node: https://beincrypto.com/uk-crypto-exchange-receives-approval-from-fca/
Time Stamp: September 2, 2021 10:02 AM - Modified On: September 2, 2021 - Published By:
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UK-based cryptocurrency exchange Coinpass received approval from the country’s Financial Conduct Authority (FCA) to operate as a crypto assets company.Sponsored Sponsored This makes Coinpass among the first UK-based crypto exchanges to have fully registered with the FCA, according to Coinpass Chief Executive Jeff Hancock. FCA registration The FCA became the anti-money laundering and counter terrorist financing supervisor of crypto asset firms in January. Since then, crypto firms have had to register with the FCA before doing business. Until now, the FCA had only registered six firms with dozens more still

BIS partners with Australia, Malaysia, Singapore, South Africa for CBDC trials

Source Node: https://ambcrypto.com/bis-partners-with-australia-malaysia-singapore-south-africa-for-cbdc-trials/
Time Stamp: September 2, 2021 8:30 AM - Modified On: September 2, 2021 - Published By:
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The Bank for International Settlements (BIS), spearheaded by Singapore, will test the use of central bank digital currencies (CBDCs) for efficient global payments. Via a recent press release, the BIS announced that it is joining forces with the central banks of Australia, Malaysia, Singapore, and South Africa to examine a direct, shared platform for international payments. The experiment, under Project Dunbar, aims to reduce costs and increase the speed between cross-border payments by institutions. According to Andrew McCormack, Head of the BIS Innovation Hub Centre in Singapore, “Project Dunbar brings

Why Bitcoin reaching $100,000 is ‘quite possible’

Source Node: https://ambcrypto.com/why-bitcoin-reaching-100000-is-quite-possible/
Time Stamp: August 29, 2021 9:00 PM - Modified On: August 29, 2021 - Published By:
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Bitcoin, the world’s largest token’s recent surge, touched the $50k mark last week. However it did witness a correction of about 1.2% within a week. At press time it was trading just near the $48k mark. Irrespective of this correction, in a recent interview with Anthony Pompliano, CEO of Blockstream, Adam Back projected that bitcoin hitting the $100,000 mark this year was “quite possible.” Meanwhile, it’s interesting to note that Adam Back was notably one of the first people to own bitcoin, and one of the first to receive an email from