Author: hotcrypto
The following editorial appeared in the Cumberland Times-News, CNHI newspaper. It does not necessarily reflect the opinion of The Tribune-Democrat.The continued adoption of cryptocurrency by governments, businesses and nonprofits such as the March of Dimes – which recently announced it would take donations in the form of cryptocurrency and non-fungible tokens to meet its $500,000 fundraising goal – further ties in the world of paper money to that of the digital.It’s a complex space that United States government apparatuses such as the Securities and Exchange Commission have shown much interest in, but little willpower to build formal regulation around. Individual…
Bitcoin price continued to slip as the usually volatile token has gotten stuck trading within a narrow range. The world’s largest and most popular cryptocurrency was trading nearly a per cent lower at $21,190. The global crypto market cap today was above the $1 trillion mark, even as it was almost flat in the last 24 hours at $1.07 trillion, as per CoinGecko. On the other hand, Ether, the coin linked to the ethereum blockchain and the second largest cryptocurrency, fell about a per cent to $1,613. Meanwhile, dogecoin price today was trading over 2% lower at $0.06 whereas Shiba…
With the proliferation of non-fungible tokens (“NFTs”), particularly in the art space, an interesting and potentially groundbreaking practice has developed where certain intellectual property (“IP”) pertaining to the NFTs is licensed to the NFT buyers and their subsequent transferees. This type of IP license was made famous by the developers of the Bored Ape Yacht Club, who included a commercial use license in their terms and conditions and, based on public statements, intended that these licenses would allow NFT holders to more fully commercialize their Bored Apes. Granting the owner of an NFT, or for that matter, any reproduction of…
Bitcoin (BTC), the world’s oldest and most valued cryptocurrency, continued to hover within the $21,000 range on Wednesday morning. BTC had dipped to a three-week low over the weekend and it appears to be unable to come out of the slump just yet. Other popular altcoins — including the likes of Ethereum (ETH), Dogecoin (DOGE), Ripple (XRP), and Litecoin (LTC) — saw a mixed bag of gains and dips across the board. Among lesser-known altcoins, the Chiliz (CHZ) token emerged as the biggest gainer over the past 24 hours for the second day in a row, while Celsius (CEL) continued…
Here at SBL, we routinely (incessantly?) advocate gambling with cryptocurrency above all other betting banking methods. The benefits of betting with crypto are well documented: fast deposits, better bonuses, same-day payouts, post facto investments, etc. You get the idea. But that doesn’t mean you should bet with any old crypto. In fact, regardless of the trusted sportsbook site you choose, you should view the cryptocurrency menu as less of a tout on assets to buy and more of a list of coins to use if you already hodl them. In other words, a new crypto user shouldn’t look at a…
Ethereum co-founder Vitalik Buterin and bitcoin believer Jack Dorsey don’t always see eye to eye. They’ve publicly denounced each other’s favorite decentralized finance protocol for months. Dorsey has called ethereum projects as having “points of failure” and Buterin knocked Dorsey’s bitcoin project, TBD. Jack Dorsey and Vitalik Buterin are two of the crypto world’s most prominent champions.But that doesn’t mean they see eye to eye.The Twitter cofounder has regularly voiced ideas online that clash with Buterin, the 28-year-old cofounder of the Ethereum blockchain and its native coin, ether.Dorsey, a longtime bitcoin maximalist who has a Bitcoin clock lying around his…
OPINION: Over the past few months, cryptocurrency has taken a serious hit, with major firms going under and popular currencies like Bitcoin and Ethereum losing more than half their value. While crypto holds great promise as a store of value, now is an opportune moment to establish robust protections from bad actors which contributed to this crash, made these currencies less resilient, and hold back crypto from the solid rebound we have witnessed with equities. A glance at the recent crisis speaks volumes about the need to recognize bad actors in this space and protect consumers with proper safeguards and…
The AI-generated avatar creation cross-platform for the metaverse, Ready Player Me, has raised $56 million in a Series B funding round led by Andreessen Horowitz (a16z). The startup’s co-founder and CEO Timmu Tõke says the funding will be used to scale the cross-platform metaverse avatar system. Investors Inject Ready Player Me With Fresh Capital, CEO Says ‘Interoperability’ Is the Key to Unlocking the Metaverse On Tuesday, Ready Player Me (RPM), a startup that issues 3D avatars to be leveraged in the metaverse, announced that the firm has raised $56 million in a Series B funding round. The latest financing follows…
Whistler is home to a new cryptocurrency ATM, located inside the Pangea Pod Hotel. HoneyBadger Enterprises, one of Canada’s largest Bitcoin ATM providers, first approached the boutique pod hotel in December about installing a machine, which was completed last week. The machine offers Bitcoin, Litecoin and Ethereum for purchase. For Canada’s first pod hotel, installing the ATM made sense given the typical clientele Pangea tends to attract. “We generally view ourselves somewhat on the bleeding edge in terms of where we’re going,” said owner Russell Kling. “When we think about our clientele and the demographic that stays with us, it’s…
Shibaswap saw a steep fall in trading volume in July due to a decline in the liquidity poured into alternate coins (altcoins) listed on the platform. Shibaswap tested a new low in July despite several attempts at recovery by digital asset prices. The decentralized exchange (DEX) recorded approximately $185.61 million throughout July, according to Be[In]Crypto Research based on data from Dune Analytics. Although this value may seem impressive due to the relatively lower volumes recorded by other DEXs, it was a 0.93% decrease from June. Shibaswap volume for June was about $187.35 million. With the new low, Shibaswap also saw…