The Harmony layer-1 blockchain project team has offered a bounty equal to just 1% of the $100 million in crypto stolen from the Horizon Bridge hack last week. Harmony tweeted on June 26 that the team had committed $1 million for the return of the funds that were stolen from the Horizon Bridge on June 23. It added, “Harmony will…
ANZ’s stablecoin A$DC has been used to buy Australian tokenized carbon credits, marking another critical test of the asset’s use cases in the local economy. In March, the “Big Four” bank became the first major Australian financial institution to mint its own stablecoin after overseeing a pilot transaction worth 30 million AUD ($20.76 million) between Victor Smorgon Group and digital…
Mark Zuckerberg, CEO of Meta, formerly Facebook, has shared how the metaverse will be a key part of his business and bring hundreds of billions of dollars in revenue. “Our playbook over time has been build services, try to serve as many people as possible,” said Zuckerberg. Mark Zuckerberg on the Metaverse Mark Zuckerberg, the CEO of Meta Platforms, formerly…
This is an opinion editorial by Andrew Hetherington, a contributor to Bitcoin Magazine. Since the Nixon Shock of 1971, wealth inequality has soared to levels not seen in over a century. The dollar was no longer redeemable for gold but was instead backed only by faith. Without the limitations of a backed currency, those in power were given the opportunity…
This is an opinion editorial by Spencer Nichols, a contributor at Bitcoin Magazine. (Photograph/Spencer Nichols) “Continuous growth and the consequent ever-increasing acceleration of the pace of life have profound consequences for the entire planet… This is surely not sustainable, and, if nothing changes, we are heading for a major crash and a potential collapse of the entire socioeconomic fabric. The challenges…
The chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, has reportedly proposed “one rule book” for the regulation of crypto assets. “If this industry is going to take any path forward, it will build some better trust in these markets,” said Gensler. SEC Chairman Calls for One Rule Book for Crypto SEC Chairman Gary Gensler has proposed…
The creators of the popular non-fungible token (NFT) project Bored Ape Yacht Club (BAYC), Yuga Labs, have sued the artist dubbed Ryder Ripps and collaborators for attempting to devalue the BAYC brand. Yuga Lab’s lawsuit claims Ripps and associates trolled the company and started “scamming consumers into purchasing RR/BAYC NFTs by misusing Yuga Labs’ trademarks. Yuga Labs Files Lawsuit Against…
Alameda Research is a cryptocurrency trading firm and liquidity provider founded by crypto billionaire Sam Bankman-Fried (SBF). Before founding his firm in 2017, SBF spent three years as a trader at the quantitative proprietary trading giant Jane Street Capital, which specializes in equity and bonds. In 2019, SBF founded the crypto derivatives and exchange FTX, which has quickly grown to…
After a hectic week featuring star-studded live events, which culminated in a lawsuit against a vocal critic, Bored Ape Yacht Club holders appear to have come out on top. The prominent NFT collection’s native Ethereum token, ApeCoin, climbed over 22% overnight, according to data from CoinGecko. As of this writing, the coin was worth $4.92, down slightly from its morning…
Although Bitcoin is struggling to form a bottom, altcoins are on a roll and the current price action could benefit UNI, XLM, THETA and HNT. Source: https://cointelegraph.com/news/top-5-cryptocurrencies-to-watch-this-week-btc-uni-xlm-theta-hnt
