Bitcoin went mainstream in the latest Super Bowl, both on and off the field as a Bitcoiner caught the first touchdown pass of the game, many ads referenced the peer-to-peer currency and the game was held in a stadium sponsored by a provider of bitcoin trading services. Bitcoiner Odell Beckham Jr. Scores First Super Bowl Touchdown The Los Angeles Rams…
On Wednesday, blockchain oracle solution Chainlink (LINK) announced the release of Chainlink Verifiable Random Function, or VRF, v2. As told by its developers, the new, improved version of the random number generator can reduce transaction fees by 60% compared to v1. Randomness is a core component of making nonfungible tokens, or NFTs, and gaming applications fair and secure. On their…
The U.S. Securities and Exchange Commission (SEC) is reportedly scrutinizing the U.S. arm of cryptocurrency exchange Binance over trading firms with links to Binance CEO Changpeng Zhao. SEC Chairman Gary Gensler emphasizes the need for “basic investor protection” in the crypto space. Binance US Probed by SEC The U.S. Securities and Exchange Commission (SEC) is reportedly probing the U.S. arm…
Web3 promises to herald the next phase of the Internet, in which value will be controlled by the users rather than intermediaries. But achieving this hinges on building decentralization into the design from the ground up. Although the traditional for-profit platform business model offered a great deal of value to users initially, its ultimate net effect was to lock users…
Mirror Protocol, a decentralized finance (DeFi) protocol built atop the Terra blockchain, was among the biggest gainers in the last 48 hours, primarily as its native token MIR rallied by over 30% to $1.48, its highest level since Jan. 22. MIR/USD four-hour price chart. Source: TradingView Has Mirror Protocol bottomed out? MIR price rose despite an absence of concrete fundamentals, a sight…
PowerTrade is an easy-to-use crypto options trading platform, enabling traders to maximize ROI through an intuitive interface that provides better prices and lower margin requirements. At PowerTrade, it’s easy for anyone to get started trading with as little as $1 USD and continue trading with simple, fast, mobile-first trading for crypto options. Mario Gomez Lozada is the CEO of PowerTrade,…
Solana has become one of the fastest-growing smart contract blockchain networks since it was first officially launched in March 2020. The total value locked (TVL) on decentralized finance (DeFi) protocols on the network grew from nearly $152 million in March 2021 to $8.08 billion at the time of writing, as per data from DefiLlama. Simultaneously, the network has also been…
Jared Polis, the governor of Colorado, has announced that the state government plans to allow residents to pay taxes in cryptocurrencies as early as summer 2022. In a Tuesday CNBC interview, Polis said crypto holders in Colorado could have the option of sending tax payments in digital currency, which the state would then convert back into fiat. The governor said…
The Royal Canadian Mounted Police (RCMP), Canada’s federal and national police service, has issued an order to all FINTRAC regulated companies in the country demanding them to cease transacting with bitcoin addresses allegedly associated with the Freedom Convoy’s fundraising efforts. The order, seen by Bitcoin Magazine and first reported by The Counter Signal, details an ongoing investigation by the RCMP…
The United States senator from Ohio and Senate Banking Committee chief Sherrod Brown is not a fan of cryptocurrencies. This week during Tuesday’s stablecoin hearing, Brown criticized all the cryptocurrency companies who advertised during the Super Bowl this past weekend and stressed that he’s “never seen the Federal Reserve buy a multimillion-dollar commercial for U.S. dollars.” Sherrod Brown Says Super…
