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Showing posts from March, 2023

Bitgo Launches Storage and Tracking Solution for Bitcoin-Based Ordinal Inscriptions

On Thursday, digital asset custody provider, Bitgo, announced the launch of its storage and tracking solution for Bitcoin-based Ordinal inscriptions. Moreover, users can use Bitgo’s Ordinal inscription storage system to inscribe their own inscriptions onto the Bitcoin blockchain. Bitgo’s New Solution Allows for Safe Sending of Ordinal Inscriptions Bitgo has announced a new storage solution for Bitcoin-based Ordinal inscriptions that allows users to store and track inscriptions. Bitgo has detailed that in the “coming days,” users who leverage Bitgo’s new solution will be able to send “inscribed satoshis to an address of their choice safely.” The company says that starting today, “you can add inscription tracking to any bitcoin hot wallet on Bitgo.” Transactions received into the Bitgo wallet are now checked for inscriptions and frozen to prevent the loss of inscriptions. Bitgo’s dashboard will have a new “Uns...

Kraken Commits to Compliance: Pledges to Meet Tougher Canadian Rules

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Kraken, a cryptocurrency exchange, has agreed to halt its staking activities in February with retail investors following allegations from the Securities and Exchange Commission (SEC) of selling unregistered securities. As part of the settlement, Kraken has paid a $30 million fine. The SEC’s ruling has not only caused discontent within the cryptocurrency community, but it has also drawn criticism from investors and politicians. Kraken ’s CLO had also conveyed the plans of the exchange to launch its own ban. Also read: FTX: Sam Bankman-Fried to Plead Not Guilty to $40 Million Bribery Charges: Report According to the details from the latest press release, Kraken has decided to stay in Canada and abide by the more stringent regulations stipulated by the Canadian Securities Administrators (CSA). Kraken files pre-registration paperwork with Ontario Securities Commission The details also reveal that the exchange has filed a pre-registration undertaking with the Ontario...

DeeLance Coin New Web3 Presale Launch | Crypto Recruitment – Massive Potential

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Join Our Telegram channel to stay up to date on breaking news coverage DeeLance, a Web3-based freelancing and recruitment platform, has officially launched the presale of its DLANCE token. DeeLance is a decentralized platform revolutionizing how freelancers connect with potential employers. Users of Deelance have the ability to work in a decentralized environment, where they have full control over their work and are paid in cryptocurrency for their efforts. The DeeLance crypto presale evaluation is detailed in the video above. Subscribe to his YouTube channel to see future reviews of high upside potential crypto presales. What is DeeLance DeeLance is the next generation freelancing and recruitment platform incorporating decentralized Web3 technology to create a space where the world works smartly together. DeeLance is redefining how freelancers will connect with potential buyers. The platform is built on three key pillars: a cutting-edge NFT marketplace, a revolutionary M...

How to financially prepare for a recession

To stay recession-proof, build an emergency fund, cut expenses, diversify investments, pay off debt and enhance your skills. A recession is a period of economic decline that can impact individuals and businesses alike. It’s important to take steps to prepare for a recession to help minimize the potential negative impact on your finances. Here are some strategies to consider: Build an emergency fund Building an emergency fund is one of the most critical steps to take to prepare for a recession. One may aim to save at least three to six months’ worth of living expenses in a separate account. This money can be used to cover their basic expenses in case of job loss or other financial hardships. 8 lessons for life: 1. Health over wealth 2. Know when to pivot 4. Become self-sufficient 5. Invest in you education 6. Pick your battles wisely 7. Have an emergency fund 8. Build several income streams — M O R E (@OwnFoundations) March 24, 2023 During a recession, losing a job and strugg...

Bitcoin price holds its ground in the wake of CFTC case against Binance

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BTC options and derivatives markets seem unfazed by the CFTC’s recent action against Binance, but is that a good or a bad sign? The price of Bitcoin (BTC) fell 3.6% to $26,900 after Binance and CEO Changpeng "CZ" Zhao were sued by the United States Commodity Futures Trading Commission (CFTC) on March 27. To date, Binance has been investigated by the CFTC, the US Securities and Exchange Commission (SEC), the Internal Revenue Service and federal prosecutors. The Bitcoin price correction may have been limited due to Silicon Valley bank’s successful asset sale to First Citizens BancShares at a $16.5 billion discount, which received an extraordinary credit line from the Federal Deposit Insurance Corporation (FDIC) to compensate for potential future losses. Oil prices also increased by 5% on March 27 after Russian President Vladimir Putin escalated geopolitical tensions in Europe. According to Yahoo!Finance, Russia plans to station tactical nuclear weapons in neighboring Belarus, ...

Do Kwon Established a Company for $1 in October 2022

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Towards the end of last week, Do Kwon was arrested in Podgorica, Montenegro. He and a companion were set to board a private flight to Dubai. According to authorities, they were using forged Costa Rican passports. Alongside, they were carrying falsified travel documents. Prior to the arrest, regulatory and enforcement authorities from around the world were on the lookout for Kwon. In fact, International Criminal Police Organization [Interpol] had also issued a Red Notice against the Terra founder in September last year. A recent report from DefiLlama’s news arm—DL News—revealed that Kwon registered a company in Serbia just three weeks after the Interpol notice. Official records from the Serbian Business Registry reportedly reveal that Kwon started a company called “Codokoj22 d.o.o. Beograd” on Oct. 12, 2022. The report clarified that it is “not possible” to search the Serbian Business Registry by the names of the individuals. Nevertheless, Registry officials confirmed to...

Trader Shares Strategy to Fight Manipulators in NFT Marketplace

An acclaimed NFT trader with the Twitter handle @nfexdragon used the social media platform to educate other traders on identifying manipulators in the BLUR NFT marketplace. In a thread, the trader, also known as SD, noted that manipulators usually engage in multiple bids, increase the prices over a short period, and attract other unsuspecting bidders in an illegal practice called spoofing. Here's how this manipulator operates. They usually bid for a collection of over 30-80 items, and there will be a short time period where they start to increase their bid sharply with large amount size. — SD (@nfexdragon) March 25, 2023 SD identified a manipulator ranking in the 5th position on the BLUR NFT leaderboard, with the ID @9082D2. According to SD, manipulators like @9082D2 usually bid for collections with over 30-80 items, increasing their bids to large amounts to lure other traders. Having attracted unsuspecting bidders, traders like @9082D2 would sell the lot in one ...

How to buy NFTs without owning crypto

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Buying NFTs without crypto can be challenging. Explore payment options offered by marketplaces or use third-party services. Nonfungible tokens (NFTs) have become a popular way for creators to sell digital art and other unique items. Yet because they do not own cryptocurrencies, many people are afraid to invest in NFTs. So, can you buy NFTs without owning crypto?  The good news is that one can purchase NFTs without owning any cryptocurrency. For instance, users can buy NFTs with dollars, credit cards or through a friend. This article will look at a number of ways to buy NFTs with Fiat Money and other methods. Buying NFTs with a credit card on NFT marketplaces One of the simplest methods to get these unique digital assets without having cryptocurrencies is to buy NFTs with a credit card. Some NFT marketplaces, such as OpenSea and Nifty Gateway, let customers use credit cards to purchase nonfungible tokens. It is crucial to remember that not all marketplaces accept credit cards as a form...

Mina Protocol Crypto Price Prediction – Will MINA Reach $1?

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Join Our Telegram channel to stay up to date on breaking news coverage With its most recent development, the Mina ecosystem partnered with O(1) Labs to create zkOracles, a brand-new kind of blockchain oracle. Will the price of MINA spike as a result of this recent development and surpass its all-time high in the upcoming bull run? This article will go through the most recent Mina Protocol advancement, MINA price forecasts, and the MINA high-profitability alternative. The full MINA price prediction can be found in the video above, subscribe to his YouTube channel for additional crypto price predictions. Mina Protocol Zero Knowledge Oracles O(1) Labs, a Mina ecosystem partner, is creating zkOracles, a new kind of blockchain oracle. From the official YouTube channel of Mina Protocol the O(1) Labs Product Manager Brett Carter provides a high-level explanation of how are zkOracles different. “What’s nice about using zkOracles on Mina, thanks to zkApps, is uniquely th...

zkSync Era launches with Uniswap and Sushi — First zkEVM on mainnet

A new Era has dawned with the launch of the first Ethereum Virtual Machine compatible ZK rollup, enabling projects like Uniswap and Sushi to easily port over for scaling. Some of the biggest names in decentralized finance, including Uniswap, Sushi, Maker and Curve, are set to launch March 24 on zero-knowledge proof roll-up zkSync Era. The Ethereum layer 2 scaling network has finally opened to users in alpha after four years in development, enabling faster and cheaper transactions. It is the first Ethereum Virtual Machine compatible zk-Rollup to launch on mainnet (competitor StarkWare uses a bespoke language called Cairo), allowing most Ethereum DApps to simply port over with very few changes. Between 32 to 50 projects are expected to go live on March 24 or over the weekend, including Balancer, Pyth Network, Mute, Redstone, Graph and Argent. Banxa, Yearn Finance, Celer, Chainlink, Aragon, Woo Network and Tracer DAO are also porting to the network. “Friday for us is the big one, it’s...

Breaking: Terraform Labs co-founder Do Kwon reportedly arrested in Montenegro

The former blockchain executive is wanted by Interpol for his role in the $40 billion collapse of the Terra Luna ecosystem during May 2022. According to an unconfirmed post from Filip Adzic, minister of the interior of Montenegro, an individual suspected of being Terra Luna co -founder Do Kwon has been arrested within the territory of the Balkan nation on Mar. 23. Since the announcement was first made, local news outlet Vijesti has confirmed that the Twitter account that made the announcement is from the minister of the interior of Montenegro and that the individual arrested was a South Korean national.  "Montenegrin police have detained a person suspected of being one of the most wanted fugitives, South Korean citizen Do Kwon, co-founder and CEO of Singapore-based Terraform Labs." As told by Adzic, an individual suspected of being the former "cryptocurrency king" was detained at the Podgorica airport with "falsified documents," and authorities are aw...

US Central Bank’s Fednow Payment Service to Launch in July, Economist Calls Timing ‘Suspicious’

According to the U.S. Federal Reserve, the central bank’s Fednow payment service will start operating in July, and participants will be certified in April to leverage the Fednow Pilot Program. Ken Montgomery, the Fednow program executive, is urging American financial institutions to make preparations to join the central bank’s new payment service. Economist Richard Werner, however, believes the timing of the Fednow rollout is “suspicious,” and he suggests that “maybe it’s all about rolling out” a central bank digital currency (CBDC). Fednow Payment Service Prepares to Facilitate Instant Payments, Economist Suggests Launch Could Lead to a CBDC The U.S. central bank is preparing to launch the Fednow payment service, and the Fed explains in a recently published blog post that there have been many interested candidates that want to utilize the service. The Fed details that entities planning to use the Fednow program in July include a ...

Polygon-Based Magic Eden Launches Marketplace for Bitcoin NFTs

Polygon -based NFT (non-fungible token) marketplace, Magic Eden has launched a new marketplace for Bitcoin Ordinals. The new platform is similar to what Magic Eden offers its Polygon , Ethereum, and Solana-based NFT customers. Magic Eden’s move comes after a surge in the popularity of the Bitcoin Ordinals NFT collection. Welcome to a new dawn. Magic Eden is now on Bitcoin. Now, you can safely trade your favorite collectibles on the 1st audited marketplace with $BTC Explore 70+ collections on our marketplace: https://t.co/WiYYgIWPG5 Don't forget to follow @MEonBTC! pic.twitter.com/KNCrVFrCTu — Magic Eden 🪄 (@MagicEden) March 21, 2023 Just like with other chains, the Polygon -based marketplace aims to bring its expertise to the Bitcoin Ordinals space. By creating a marketplace on Bitcoin, the company challenges the established quo and demonstrates its capacity to go through technical difficulties. In January, Casey Rodarmor, a former Bitcoin core contributor, unveiled the new O...