TerraForm Labs CEO Do Kwon denied reports that South Korean prosecutors have frozen another $39.6 million worth of his crypto assets after it was reported by Korean outlet News1. “Once again, I don’t even use KuCoin and OkEx, have no time to trade, no funds have been frozen,” he wrote. “I don’t know whose funds they’ve frozen, but good for…
A delegation from South Carolina, U.S. traveled to El Salvador to learn how the country’s recognition of bitcoin as legal tender is transforming its economy, per a release sent to Bitcoin Magazine. Business and technological leaders, healthcare officials and State Treasurer Curtis Loftis toured El Salvador for five days, traveling from one end of the country to the other. The…
Nonfungible tokens (NFTs) have seen a stratospheric surge in popularity accompanied by sky-high values, giving rise to legitimate and ongoing worries about a market bubble, as many projects lacked real-world application or utility. NFT utility is an essential component because it adds value and functionality to the technology. One of the most well-known use cases for NFTs is the ownership…
The use cases of nonfungible tokens (NFTs) have evolved from pixelated punks and apes to real-world applications like real estate contracts and music royalties. Another use case is surfacing as the Monuverse uses NFTs to preserve cultural heritage around the world. Through a combination of blockchain technology, 3D imaging, generative art and local collaboration, the Monuverse is using NFTs to…
Bitcoin (BTC) holding $19,000 could be more important than traders realize, new data reveals. In the latest edition of its monthly report series, “The Bitcoin Monthly,” investment management firm ARK Invest flagged an ongoing battle for the defense of Bitcoin’s investor cost basis. Bitcoin investor cost basis buoys market Bitcoin price action is currently characterized by volatile moves within a…
The U.S. Securities and Exchange Commission (SEC) ordered the emergency shutdown of an ongoing fraudulent crypto offering targeting the country’s Latino community. CryptoFX, a Texas-based firm run by Mauricio Chavez and Giorgio Benvenuto, both residents of Houston, allegedly “used the attraction and novelty of crypto assets to solicit money from unsophisticated investors,” promising vastly outsized returns on their investment, per…
Bitcoin continued to trade above $20,000 on Wednesday, as the token remained near a two-week high. Bullish momentum in cryptocurrency markets has been higher this week, with prices surging after a recent downward spell. Ethereum, on the other hand, was largely unchanged in today’s session. Bitcoin Bitcoin (BTC) was once again trading above $20,000, as the token continued to trade…
The SHA-256 cryptographic hashing function, which converts any input data into a 256-bit string (the hash), is one of the technologies using which Bitcoin measures its hash rate. Due to the one-way nature of this function, it is simple to determine the hash from an input but not the other way around. A hash rate, which can be expressed in…
Cryptocurrency exchange Binance has agreed to support Kazakhstan in ensuring the safe development of the country’s crypto market. The trading platform and Kazakhstan’s financial regulators intend to inform each other about cases involving the use of digital assets for illicit purposes. Binance Exchange to Help Kazakhstan Authorities Combat Crime Linked to Cryptocurrencies The world’s leading coin trading platform, Binance, and…
The executive chairman of MicroStrategy, Michael Saylor, does not like to be called out. He responded to a poll shared by Eric Wall, a crypto researcher, that suggested he had not used Bitcoin’s (BTC) layer-2 Lightning Network more than three times with a Twitter poll of his own. The correct answer is Yes, and I will make three more transactions…
