Studies show that most people who attempt to wash trade nonfungible tokens (NFTs) are unprofitable. But that doesn’t stop them from trying, which makes it a glaring regulatory and enforcement issue for the industry. In wash trading, manipulators buy and sell an asset between themselves to create the appearance that the asset is in higher demand and, therefore, worth more…
On Wednesday, Bitcoin’s mining difficulty jumped 9.26% higher, recording the second highest difficulty rise in 2022. The latest rise is Bitcoin’s third difficulty increase since August 4, 2022, and it’s now 11.63% harder to find bitcoin block reward. Bitcoin Difficulty Jumps 9.26% — Metric Prints the Second Largest Rise This Year Bitcoin (BTC) has experienced the third difficulty increase this…
Christopher Hamilton, a British national allegedly connected to ‘Cryptoqueen’ Ruja Ignatova’s cryptocurrency scheme OneCoin, reportedly faces extradition to the United States on charges related to a scam going back to 2014. According to a Tuesday report from legal news outlet Law360, a judge in the United Kingdom will allow the process to move forward for Hamilton to be extradited to…
Ethereum’s native token, Ether (ETH), looks ready to grow stronger compared to the U.S. dollar and Bitcoin (BTC) in the days leading up to its proof-of-stake transition in September. ETH price chart bullish setup The bullish outlook emerges from classic technical indicators on ETH/USD and ETH/BTC charts. For instance, ETH/USD has been forming a “falling wedge” pattern with a profit target…
Cointelegraph has appointed Wes Kaplan, the company’s thriving chief business development officer, as the new CEO of Cointelegraph. He takes over leadership from award-winning journalist Jay Cassano, who has served as CEO since September 2020 after joining as editor-in-chief in mid-2019. “I’m thankful for the opportunity to take the largest crypto news agency in the world to new heights, collaborating…
In brief Unstoppable Domains is a San Francisco-based startup that provides NFT-based domain names for crypto wallets and websites. It has partnered with Web3 workspace Skiff to create an end-to-end encrypted email service. Privacy is a hot topic after the U.S. government banned crypto privacy tool Tornado Cash earlier this month. But the unprecedented crackdown on a Web3 product doesn’t mean…
The Ethereum network will be able to withstand censorship risks both in the short and long term, according to Ethereum community member and investor, Ryan Berckmans. The ban of Ethereum-based privacy tool tornado Cash by U.S. authorities earlier this month left many wondering whether Ethereum transactions could be also at risk of censorship, especially after Ethereum’s imminent transition to a…
Real estate is often considered to be a good investment—but what about virtual real estate? Non-fungible tokens (NFTs) representing virtual land have become a hot topic since the advent of the metaverse—and there’s gold in them thar digital hills, with some plots of virtual land selling for millions of dollars. Virtual land forms the backbone of crypto-powered metaverse platforms like…
Jacob & Co., a luxury U.S.-based watchmaker, has released the Astronomia Solar Bitcoin, a luxury watch based on bitcoin, per the company’s announcement. The luxury watch, keeping with the economic principles of scarcity associated with bitcoin, is a limited-edition run of 25 pieces. The clock face rotates on a flying tourbillon which is a 224-year-old mechanism using an open, black,…
LEO rose to a six-week high on Wednesday, as prices rallied for a fifth consecutive session. The move came as the token raced past a key resistance level, on its way to today’s peak. Near protocol was another notable gainer, climbing for a third straight day. UNUS SED LEO (LEO) Unus Sed Leo (LEO) was one of the big movers…
