Monthly Archives: February 2021

Russian mobile carriers consider smartphone integration for digital ruble

Russian wireless service providers MegaFon and Beeline proposed to link digital ruble wallets on smartphones to user’s phone numbers. Major Russian mobile network operators like MegaFon and Beeline are considering how the digital ruble will function on their mobile devices.  According to a Feb. 16 report by local news agency Izvestia, Beeline and MegaFon proposed to set up smartphone wallets for Russia’s central bank digital currency. The carriers also suggested additional services like linking a digital wallet to a customer’s phone number. This would allow users to […]

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Argentinean Prosecutor Investigates an Alleged Bitcoin Scam Ganancias Deportivas

In Mendoza, Argentina, law enforcement launched an investigation against a sports-related investment site for presumably being a bitcoin scam. Among the inquiries, authorities are investigating if they’re involved in money laundering and tax evasion. Platform Claims to Invest Customer’s Funds in Placing Soccer Bets According to Clarin, Javier Giaroli, the prosecutor from the Public Ministry of San Rafael, leads the inquiries against Ganancias Deportivas. Local authorities have been interviewing several alleged victims to determine whether it’s a Ponzi scam or not. Per the findings, Ganancias Deportivas attracted […]

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The Graph explores integrations for Bitcoin, Polkadot, and other Layer-1 blockchains

Blockchain data indexing protocol The Graph is considering Bitcoin, Polkadot, and Binance Smart Chain among others after launching on Ethereum. Following a successful mainnet launch on Ethereum in December, The Graph is exploring integrating eight additional Layer-1 blockchains including Bitcoin. On Feb. 16, The Graph Foundation revealed it is also considering integrating Bitcoin, Polkadot, Near Protocol, Cosmos, Solana, Avalanche, Binance Smart Chain, and Celo. The protocol already runs on Ethereum having launched on Dec. 17, 2020, and supports the InterPlanetary File System — a peer-to-peer network for […]

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Two Feet and FEWOCiOUS’s NFT auction becomes the third to top $1m in sales

Four collaborative NFTs launched by musician Two Feet and visual artist FEWOCiOUS have generated more than $1m in Nifty Gateway’s largest auction of 2021 so far. The auctions were organized by Illumino, an NFT-focused firm seeking to bring “tastemakers and artists” together to launch innovative art on-chain. Illumino was put together by the LA-based management agency Keel, crypto VC firm Framework Ventures, and Bruch Projects — the NFT arm of Manna Ventures. The NFTs went live on Valentine’s Day, beginning with one-of-a-kind 3D renditions that were sold […]

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Bluezelle is Resisting Censorship with a New Developer Grant: Interview with Neeraj Muraka

Online censorship has taken front and center since the sweeping ban of former U.S. President Donald Trump from every social outlet he’s been a part of. Other high-profile censorship acts, like Amazon removing alt-right social network Parler from its servers and My Pillow CEO Michael Lindell being banned from Twitter have presented a new paradigm of online censorship. Decentralized database service Bluzelle has decided to fight back so to speak. It has announced a $500,000 grant for censorship-resistant applications in what seems like a direct response to […]

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Bitcoin miners are hodling while long-term investors take profits

On-chain data shows that while miners are selling less BTC, old investors are realizing profits. On-chain analytics provider, Glassnode, has published data revealing that Bitcoin miners are accumulating while long-term investors are taking profits. Despite January seeing heavy selling from miners, Glassnode’s report shows that miner outflows have dried up during February so far. Chart – Glassnode.com The report asserts that miners and longer-term investors are the two principal sellers of Bitcoin during bull markets. According to Glassnode, declining miner outflows can be inferred as bullish, with […]

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Verge of disaster: 200 days transactions wiped from blockchain

Verge has been hit by a huge blockchain reorganization, resulting in more than six months worth of transactions and balances vanishing. However, devs claim it can be fixed. Privacy-focused blockchain network Verge (XVG) has experienced a significant block reorganization, replacing transactions dating as far back as July 2020. Despite being described as potentially “the deepest reorg that has ever taken place in a top 100 cryptocurrency,” analysts are yet to confirm that the incident comprised a coordinated attack. Coinmetrics COO Antoine Le Calvez was one of the […]

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Nigeria Crypto Ban: Stakeholder Body, Politicians Assail Central Bank’s Directive to Financial Institutions

A body representing cryptocurrency and blockchain stakeholders in Nigeria has joined other crypto industry players in assailing the recent Central Bank of Nigeria (CBN) directive to banks. The CBN order, which seeks snuff out crypto entities from the banking system, took effect on February 5, 2020. Not Just a Mere Reiteration In a statement, the body, known as the Blockchain Industry Coordinating Committee of Nigeria (BICCON), also dismisses the CBN’s assertion that the new directive is just a “mere reiteration” of what it said in January 2017. […]

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Bitcoin Payments for Private Flights Soar, 20% of Privatefly’s Revenue Stems from Crypto

Cryptocurrency users are leveraging their new-found wealth to fly more often with private jets. This week the directional aviation company Privatefly revealed that close to 20% of the firm’s sales were paid in cryptocurrencies last month, and 13% out of that aggregate used bitcoin. On-Demand Private Flights and Crypto According to data from the company Privatefly, purchasing flights with digital assets has soared in recent times. For instance, the directional aviation company said a few years ago, the company pulled in 1-2% from crypto payments for flights. […]

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