The Human Rights Foundation announced on Tuesday that it intends to distribute 425 million satoshis — the smallest divisible unit of a Bitcoin — to various contributors as a part of its ongoing Bitcoin Development Fund. Launched in May 2020, the Bitcoin Development Fund is primarily focused on improving the Bitcoin network’s privacy, usability and security. The Foundation said that…
Month: January 2022
Here’s why Bitcoin traders say a drop to $38K is the worst case scenario
The fallout from the Federal Reserve’s recent hawkish comments about raising interest rates as soon as March continued to weigh heavily on the cryptocurrency market on Jan. 6. The Crypto Fear & Greed index has been dialed down to 15 and some traders are lamenting the possible start of an extended bear market. Crypto Fear & Greed Index. Source: Alternative Data…
Ethereum Devs Dismiss JPMorgan Warning About End of DeFi Dominance
In brief JPMorgan says that the delay of sharding may make it difficult for Ethereum to compete with rival chains for DeFi market share in the future. Ethereum devs and contributors say their focus on security gives the network a solid foundation upon which to grow. Ethereum popularized decentralized finance, and app developers on the network turned it into a…
Pocket Network Announces Closing of Its Strategic Private Sale to Accelerate Network Development & Global Expansion – Press release Bitcoin News
press release PRESS RELEASE. Pocket Network exceeded $56,000,000 in monthly revenues in December placing it in the Top Five revenue producer for blockchains globally surpassing many well known chains. Tampa Bay, Florida, U.S.A – 6th January 2022 – Pocket Network – an infrastructure middleware protocol that provides decentralized cloud computing and abundant bandwidth on full nodes to other applications across…
Sega will likely not introduce NFTs for play-to-earn if ‘perceived as simple money-making’
The leadership at video game firm Sega Corporation’s holding company has suggested that they may avoid nonfungible tokens in play-to-earn model games based on the response from users. In a Dec. 14 meeting of Sega Sammy Holdings’ CEO Haruki Satomi, senior executive vice president Koichi Fukazawa, and Sega Corporation President Yukio Sugino, the trio said they needed to “carefully assess”…
Pakistan Likely to Earn Billions From Cryptocurrency – Emerging Markets Bitcoin News
According to a document produced by a Pakistani policy advisory board, the country is likely to earn billions of dollars from crypto-asset holders. Yet for this to happen, the country first needs to create the appropriate regulatory framework for crypto assets. Cryptocurrencies Could Boost Reserves Pakistan may potentially raise billions of dollars from crypto assets held by its nationals or…
The Rise of the Bitcoin Treasury, Dec. 30-Jan. 6
The price of Bitcoin (BTC) cratered below $43,000 on Thursday in a selloff that was stoked by the Federal Reserve’s renewed pledge to start unwinding its pandemic stimulus support. For the so-called diamond hand investors among us, the decline presents an attractive entry point to continue accumulating BTC at discount rates. 2021 was the year that institutions and corporations became…
One Year After Capitol Hill Riot, Far Right’s Love Affair With Bitcoin Persists
One year ago today, some Trump voters and members of the far right descended on Capitol Hill in Washington, attempting to overturn the result of the 2020 presidential election. They failed, but the riot resulted in five deaths and hundreds of injuries. Aside from the most alarming problems exposed by January 6, 2021—like an eroding trust in American democracy—the Capitol…
Bitcoin Identity Design Emancipated – Bitcoin Magazine: Bitcoin News, Articles, Charts, and Guides
“Biomimicry is innovation inspired by nature. In a society accustomed to dominating or ‘improving’ nature, this respectful imitation is a radically new approach, a revolution really. Unlike the Industrial Revolution, the Biomimicry Revolution introduces an era based not on what we can extract from nature, but on what we can learn from her.” — Janine Benyus Where we are headed appears…
Tezos Enters Esports With Team Vitality Sponsorship, NFT Plans
In brief Tezos has announced a three-year sponsorship with esports club Team Vitality. Vitality will launch NFTs, wear the Tezos logo on player jerseys, and more. Just weeks after revealing an NFT deal with major video game publisher Ubisoft, proof-of-stake blockchain network Tezos is now taking steps into the esports industry. Today, the Tezos Foundation announced a sponsorship deal with…