Bitcoin (BTC) traded below $20,000 on Sep. 3 as commodities declined on news of a G7 Russian energy ban. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView All down after gloomy macro week Data from Cointelegraph Markets Pro and TradingView showed ongoing lackluster performance on BTC/USD, which traded around $19,800. The largest cryptocurrency looked increasingly unable to flip $20,000 to firm…
Blockstream, Sevenlabs partnered with Poseidon Group to launch a decentralized exchange for bitcoin and security assets.The exchange, XDEX, is being built on the open source protocol TDEX and will operate 24/7. The app is expected to launch on IOS and Android in Q4 2022. Blockstream and Sevenlabs, bitcoin infrastructure service providers, have partnered with Poseidon Group to launch the first…
A Russian bank, one of the country’s largest by assets, has conducted a successful trial with digital ruble transactions processed through its mobile app. The state-owned Promsvyazbank was one the institutions placed under Western sanctions earlier this year in connection with Moscow’s actions in Ukraine. Russian Bank Experiments With Digital Ruble Transfers via Mobile Application Promsvyazbank (PSB) is one of…
Helping investigate a $265,000 hack on decentralized crypto exchange KyberSwap, crypto exchange Binance narrowed down two suspects that seem responsible for the attack. On Sept. 1, Kyber Network succumbed to a frontend exploit, allowing the attacker to make away with $265,000 worth of user funds from KyberSwap. While investigations were underway, KyberSwap offered a 10% bounty — of roughly $40,000…
American actor and comedian Bill Murray saw 119.2 ethereum drained from his wallet on September 1, 2022, after Murray held a non-fungible token (NFT) charity auction. Statistics show that most of the tokens and NFTs in Murray’s wallet have been moved, and roughly $556 in token value remains. Bill Murray Loses 119 Ethereum to Hackers — Comedian’s Team Is Working…
The below is a direct excerpt of Marty’s Bent Issue #1257: “Success via ultimate utility.” Sign up for the newsletter here. I’m currently on a flight from Newark to Oslo, Norway as I make my trek to Riga, Latvia for the Baltic Honey Badger conference hosted by HodlHodl. Please excuse any typos as I am wedged into my seat like…
Anti-government hackers have attempted to sell what they say is an NFT of Belarus President Alexander Lukashenko’s passport. The members of the ‘Belarusian Cyber Partisans’ collective claim to have obtained the passport data of all of the country’s citizens. Cyber Guerrillas From Belarus Try to List NFT Passport Collection on Opensea A hacking group known as ‘Belarusian Cyber Partisans’ have…
Governments across the globe see central bank digital currencies (CBDC) as a means to improve the existing fiat ecosystem. Cryptocurrency’s technical prowess supported by the central bank’s underlying trust is key to enabling a rich monetary ecosystem, suggests an International Monetary Fund (IMF) publication. “Digital technologies promise a bright future for the monetary system,” reads the publication attributed to IMF…
The Nigerian fintech Flutterwave has said the switching and processing license it recently received from the Central Bank of Nigeria allows it to “deliver an improved experience to our customers.” The new license is said to allow Flutterwave to “connect every single store of value in Nigeria to global commerce.” New License Said to Be a ‘Game Changer’ The Nigerian…
This is an opinion editorial by Taimur Ahmad, a graduate student at Stanford University, focusing on energy, environmental policy and international politics. Author’s note: This is the first part of a three-part publication. Part 1 introduces the Bitcoin standard and assesses Bitcoin as an inflation hedge, going deeper into the concept of inflation. Part 2 focuses on the current fiat…
