Monthly Archives: February 2021

Traffic to Binance surges to record highs, site goes down for maintenance

Binance suffered an outage today after announcing consecutive new all-time highs for web traffic. Leading crypto asset exchange Binance was forced to suspend its spot and margin trading services just a few minutes after its CEO took to Twitter to boast the platform had smoothly handled new record highs for website traffic. Binance chief executive Changpeng Zhao, or CZ, tweeted the exchange had experienced a new all-time high for traffic on Feb.10, stating the platform had “handled the load” of a 60% increase in traffic on top […]

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Earn Money by Selling NFT Properties in Upland

PRESS RELEASE. Hidden among a press release published on November 10, 2020 is one of the most significant developments in blockchain history: By partnering with Tilia Pay, Upland.me, a virtual property metaverse that offers true ownership of NFT property parcels mapped to real addresses, has taken a giant leap towards creating the world’s first true digital economy. As the earth’s metaverse, Upland is blurring and ultimately erasing the line between the real world and the digital world. Upland has now been bringing that proposition to life with […]

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Elon Musk Shoots Down Crypto Wallet App Freewallet After It Tried to Ride His Dogecoin Fame

An attempt to capitalize on the ongoing hype around Dogecoin has backfired for the crypto wallet app Freewallet after it was called out online in a tweet from Elon Musk. Musk Proclaims ‘Your app sucks,’ In Blunt Tweet Directed at Freewallet Freewallet, riding on the Elon-Doge rocket of publicity, released a tweet telling people to buy and exchange Dogecoin in its crypto wallet app with a tag of the man himself. Tagging Elon Musk comes with its own risk, as apparent from the blunt reply: Your app […]

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Lightning Network node count hits record high, TVL tops $42M

Will Bitcoin’s premier layer-two solution finally graduate from experiment to everyday utility, following its adoption by major exchanges? The Lightning Network has grown 75% in size over the past year, hitting a record high 8,900 nodes for the first time on Feb. 8, according to LN monitors at Bitcoin Visuals.  A significant proportion of the increase occurred more recently, suggesting that some Bitcoiners are gravitating toward the layer-two solution, potentially as a means of escaping ever-increasing transaction fees. The total BTC locked in LN channels has remained […]

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Perceived centralization could kill PoS networks: ShapeShift report

ShapeShift believes the public perception of a network’s centralization could make or break the current generation of smart contract platforms. A new report suggests that Cosmos, Polkadot and NEAR could fail to take off if they are perceived to have an issue with centralization — as the example of EOS demonstrates. Non-custodial crypto asset exchange ShapeShift has published a report predicting that Proof-of-Stake scalable smart contract networks Polkadot, Cosmos, and Near will be thoroughly put to the test this year. The report forecasts the networks’ claims of […]

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Porn shop: Stripchat says crypto payments increased 400% in a year

Adult webcam streaming websites are getting a boost from pandemic lockdowns. Live streaming webcam platform Stripchat is among several adult websites experiencing a boom in crypto payments over the past year. The adult social streaming and entertainment platform revealed in a blog that cryptocurrency is rapidly becoming a preferred payment method for many users and performers on the webcam-based website. It is estimated that the platform has over 300,000 models and averages around 60 million visitors a month according to Stripchat stats for 2020. Using digital assets […]

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Crypto Portfolio Tracking App Apologizes for Racist Messages Sent to Customers- Investigations Underway

The crypto portfolio tracker Blockfolio, owned by the exchange FTX, got its messaging system compromised, as racist notifications started to appear. Blockfolio’s users received the offensive messages with a warning that they’re about to lose all funds. Some Offensive Messages Included a URL Reportedly Linked to Pornography According to the crypto tracker and trading app, they’re almost entirely back with their notification system, and the company issued a public apology: We are incredibly sorry about the offensive messages posted today. No funds/etc were affected; this did not […]

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Lawyers warn Elon Musk’s Bitcoin pumping tweets could attract SEC’s ire

Elon Musk’s rampant Twitter activity could get him into hot water with the SEC according to lawyers. Legal advisors have warned that Tesla chief executive Elon Musk could come under scrutiny from the U.S. Security and Exchange Commission over his social media activity around Bitcoin. On Monday, Feb. 8 Tesla announced in an SEC filing that it had purchased $1.5 billion worth of Bitcoin and will soon start accepting BTC payments. Shortly afterwards, prices of the asset skyrocketed to a new all-time high of a little over […]

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MasterCard announces support for crypto on its network

MasterCard will allow its almost one billion users to spend cryptocurrencies at more 30 million merchants, although it hasn’t specified which coins will be supported. MasterCard has announced plans to support cryptocurrencies in 2021, paving the way for its nearly one billion users to spend digital assets at more than 30 million merchants. The firm believes this may open merchants up to new customers and build loyalty with existing customers who are already migrating to digital assets over traditional fiat options. “It’s about choice. MasterCard isn’t here […]

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88% of all BTC transfers are overpaying transaction fees

Three and a half years after the activation of SegWit, adoption of the space-saving transaction format is still far from ideal. According to analysis by Mark “Murch” Erhardt of Chaincode Labs, 88% of all Bitcoin transaction inputs pay higher fees than are necessary. Erhardt bases his conclusion on data showing just 12% of transaction inputs use the SegWit format, which is less fee intensive than transacting with legacy inputs. Erhardt believes that a reliance on legacy transaction fees keeps Bitcoin blocks smaller than they could otherwise be, […]

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