RoboSats is a project that allows users to generate fun pseudonymous avatars that can facilitate KYC-free bitcoin trades. This is an opinion editorial by Okada, mechanical engineer and contributor to Bitcoin Magazine. Generate a robot avatar today and exchange Bitcoin over the Lightning Network (LN) with simple and KYC-free RoboSats. When using RoboSats — short for Robotic Satoshis — no…
Crypto lending platform Celsius has reportedly filed for Chapter 11 bankruptcy, having notified individual U.S. state regulators on Wednesday, July 13. The news was reported by CNBC and referred to an unnamed source, who asked not to be named as the proceedings were private. The source noted that Celsius plans to file the paperwork “imminently.” The news comes just days…
press release PRESS RELEASE. Adshares (ADS) is putting another stake in Metaverse’s advertising territory through a partnership with Sandbox (SAND). The long-awaited partnership by the Adshares community has finally come to a head. The official partnership will bring the two projects closer, in order to jointly devise a clear and transparent path for the development of Adshares in the Sandbox…
According to the latest crypto prediction report published by the product comparison platform finder.com, 77% of 53 fintech specialists polled in the report say cryptocurrency markets are officially in a “crypto winter.” The poll further explains that only 29% of the report’s participants believe the bear market will end in 2022. While bitcoin is expected to surpass $100K per coin…
As Russia’s invasion of Ukraine continues to upend the lives of millions, many Ukrainians have turned to a reliable source of income that’s relatively passive and requires little maintenance: Ethereum mining. For years, the Ethereum network has depended on thousands of individuals like these Ukrainians to generate ETH, the blockchain’s native cryptocurrency, via an energy-intensive process called “mining.” Individuals, or…
According to China’s state institution Xinhua News Agency, Lan Zou, head of monetary policy at the People’s Bank of China (PBoC), announced that the country would be expanding the number of digital yuan (e-CNY) test sites in the country from 11 to 23. They are spread out across 15 out of 31 of China’s provinces and autonomous regions. The PBoC…
The United States Senate has confirmed the nomination of law professor Michael Barr to become the next vice chair for supervision for the Federal Reserve. In a 66-28 vote on the Senate floor on Wednesday, U.S. lawmakers confirmed Barr as vice chair for supervision of the Federal Reserve System for four years, filling the last seat on the seven-member board…
The principle of “same risk, same regulation” for crypto received further confirmation with the release Wednesday of new guidance on stablecoin arrangements (SAs). The guidance, issued by the Bank for International Settlements (BIS) Committee on Payments and Market Infrastructures (CPMI) and International Organization of Securities Commissions (IOSCO), applies the Principles for Financial Market Infrastructures (PFMI) for payment, clearing and settlement…
Troubled crypto lending platform Celsius has paid off its last major outstanding debt. This morning, according to data from Etherscan, Celsius paid back $50 million in DAI—MakerDAO’s dollar-pegged stablecoin—to decentralized finance (DeFi) lending protocol Compound. In return, Celsius received its collateral for the loan: almost $200 million worth of wrapped Bitcoin, or WBTC. The loan had been over-collateralized, meaning Celsius…
Eight days ago, the euro tapped a record low against the U.S. dollar as it hit $1.028 per unit against the USD last Tuesday. This week, the official currency for 19 of the European Union’s member states reached parity against the U.S. dollar for the first time in 20 years. Euro Hits Parity Against the US Dollar, Greenback Skyrockets Against…
