Monthly Archives: July 2021

PayPal’s crypto ‘super app’ set to roll out soon

Dan Schulman said the project was already “code complete” and planned to be fully ramped in the United States in the next several months. Payment provider company PayPal said its users may not have much longer to wait to have greater crypto functionality through the platform.  During PayPal’s Q2 2021 investor update call today, CEO Dan Schulman said the initial version of the company’s super app wallet was “code complete.” The PayPal president said the company planned for the wallet to be fully ramped in the United […]

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Anchorage Digital will custody crypto seized by US Marshals

Co-founders Diogo Mónica and Nathan McCauley cited the Anchorage’s “stringent processes and procedures” as likely factors in the decision from the federal agency. Crypto custody bank Anchorage Digital will be providing digital asset services for the United States Marshals Service for seized funds related to federal crimes. In a Wednesday announcement from Anchorage, the digital asset platform said the U.S. Marshals Service, or USMS, “seized some amount of digital assets in recent years” which required a partner in the space to provide certain financial services. Anchorage will be […]

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Multiverse secures $15M investment from Samsung Next, leading blockchain VCs

“Ideas have value,” said Cliff Szu, co-founder of Multiverse Labs. “[O]ur overriding goal is to help people with great ideas to discover the true value of their innovations and inventions.” Multiverse, a decentralized artificial intelligence ecosystem that funds early-stage tech companies, has secured $15 million in investments from some of blockchain’s biggest venture funds.  Samsung Next, a developer ecosystem focused on AI, blockchain and fintech, was among the investors, along with Arrington XRP Capital, Huobi Ventures and Fenbushi, Multiverse announced Wednesday. With the raise, Multiverse now has […]

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Survey Shows 3 out of 4 Sports Fans Are Skeptical About the Longevity of NFT Investments

Over the last year and a half, non-fungible tokens (NFT) have seen massive hype and millions of dollars worth of sales executed at auctions. A recent survey produced by bonusfinder.com shows sports fans are doubtful of the NFT craze as the poll’s findings show nearly three out of four people are “moderately skeptical” about the long-term outcome of NFTs as an investment. Sports Fans Are Skeptical of NFTs but 62% Know About the Technology Non-fungible tokens have been a very hot topic in 2021 and worldwide Google […]

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LUXXFOLIO Begins Active Bitcoin Mining Operation

Vertically integrated bitcoin miner LUXXFOLIO has announced 80% of the company’s first batch of rigs are up and mining. Vertically integrated bitcoin mining company LUXXFOLIO Holdings has announced that 80% of the first batch of miners the company received earlier this month are already up and mining. The new bitcoin mining machines, which were received on July 19, 2021, are currently running at around 41 petahashes per second (PH/s). The firm said it expects the remaining rigs to be installed in the coming days. LUXXFOLIO also announced […]

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VORTECS™ Spotlight: Here’s why Telcoin’s (TEL) rebound eclipsed most altcoins

As Bitcoin price reversed course, a key trading indicator flashed bullish hours before TEL embarked on a sharp 82% rally. Last week, as Bitcoin resurged after briefly falling below $30,000, a good number of altcoins embarked on their own relief rallies. Telcoin (TEL) was among this large group of digital assets whose prices shot up on July 21.  Unlike most of its peers, however, TEL’s upward trend remained alive for the entire week, leading to a respectable 82% gain against the dollar and a 43% gain against […]

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BIT Mining steps up Bitcoin mining operations in Kazakhstan

The mining firm’s expansion into Kazakhstan follows plans to introduce new energy fees for crypto miners starting in 2022. Crypto mining firm BIT Mining, which recently announced it would be expanding out of the Chinese market, plans to purchase 2,500 Bitcoin miners for deployment in Kazakhstan. In a Wednesday announcement, BIT Mining said it had entered a $6.6 million agreement to buy 2,500 Bitcoin (BTC) mining rigs. The firm has already put 3,819 BTC miners into operation at data centers in Kazakhstan, with another 4,033 machines on the […]

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Paypal Plans to Study Transactions That Fund Extremism, Anti-Government Groups

The payment processing giant Paypal has revealed it has partnered with the nonprofit organization the Anti-Defamation League (ADL). According to the announcement, Paypal is researching transactions settled on the payment network that allegedly fund hate groups and extremism. Paypal to Study Transactions With the Anti-Defamation League A report from Reuters notes that Paypal is studying transactions that involve “extremists” and that fund “hate movements.” The company will investigate and disrupt the financial flows that support specific hate groups and alleged “anti-government organizations.” The announcement notes that the […]

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The Truth Behind Bitcoin’s Opposition

Bitcoin represents a threat to the United States dollar and its global hegemony backed by endless war. What do Saddam Hussein and Bitcoin have in common? According to the government, they both have ties to terrorism. In reality, both threaten the United States dollar (USD) and its global hegemony. “One man’s terrorist is another man’s freedom fighter.” — Gerald Seymour Throughout this article, we are going to peel back the layers of inflationary monetary policy to be able to answer these three questions: 1. Why does the […]

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Financial Protestants: How The Bitcoin Revolution Resembles The Reformation

Various similarities exist between The Protestant Reformation and the revolution being built around Bitcoin. The European Renaissance is generally held in high regard in the Bitcoin community as a model of a contrarian, revolutionary impact on the world. This movement was driven by humanist thought leadership and philosophy, scientific discovery, geographic exploration and artistic evolution. Likewise, Bitcoiners have been champions of pushing the boundaries of society’s status quo, looking to make real, lasting and positive change for all people in the world. A major component of the […]

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