The Brazilian Senate is set to vote on a bill which would make the country the biggest in Latin America to regulate cryptocurrency. The crypto bill was unanimously approved by the Senate’s Economic Affairs Committee on Feb. 22, potentially increasing the chances that it will pass a vote on the Senate floor. Once passed by both the Senate and the…
In brief The Lunar Foundation Guard, a nonprofit organization linked to Terra, claims it has raised $1 billion in a private token sale. It says the money will be used for a “UST Forex Reserve denominated in Bitcoin.” UST is a stablecoin that uses Terra’s LUNA to maintain its peg. There’s been a lot of money flowing into crypto recently,…
Bitcoin may be in for a sustained bear market, according to blockchain analytics firm Glassnode. With the price of Bitcoin now well below $40,000, the firm’s latest market report cites a number of “bearish headwinds,” including falling on-chain activity on the Bitcoin network and over 4.7 million BTC now held at an unrealized loss. According to the report, the downturn…
The digital world of NFTs is bleeding into real life thanks to Solana-based NFT marketplace Neon, which closed a $3 million seed round last month. The company soft-launched the first NFT vending machine—located at 29 John St in Manhattan—back in December. Now, the vending machine is open 24 hours a day and allows collectors to buy Solana NFTs with fiat…
On Tuesday, the Solana-based non-fungible token (NFT) marketplace Magic Eden announced the project is airdropping NFT tickets to existing Magic Eden users and plans to form a decentralized autonomous organization (DAO). On February 21, the Magic Eden project airdropped around 4,000 NFTs to active wallets, and the following day the team announced the DAO roadmap. The Magic Ticket Airdrop and…
The cryptocurrency market has had a less than stellar start to the year and it appears that the downtrend that began after the November 2021 market peak has been extended thanks to a multitude of negative developments, including the expectation of rising interest rates and the threat of a war between Russia and Ukraine. While many traders have little appetite…
As a seasoned Bitcoiner, are you not at times frustrated that the vast majority out there are still not “getting” Bitcoin? How many more times can you stand hearing that BTC is too expensive, and therefore, ETH or XRP are a better buy? It’s an adoption curve dilemma: we are early adopters, but statistically speaking most people simply are not.…
Laura Shin, a cryptocurrency journalist and host of the Unchained Podcast, claimed to have discovered the identity of the individual behind an exploit which drained more than 3.6 million Ether from Germany-based startup Slock.it’s The DAO in 2016. According to a Tuesday Bloomberg report, Shin claimed that she had “extremely strong evidence” that Mimo Capital co-founder Toby Hoenisch was responsible…
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Puma is the latest in a growing list of major brands to purchase a decentralized URL and reveal their nonfungible token, or NFT, by changing their Twitter handle to Puma.eth. The German sportswear brand registered the domain name with the Ethereum Name Service, or ENS. welcome PUMA.eth (@PUMA) https://t.co/BuPplzfJgR — ens.eth (@ensdomains) February 21, 2022 Other major companies with .ETH…
