Monthly Archives: April 2022

Idaho Warns of Crypto Scams Promising 80% Returns Every 24 Hours

The finance department of the U.S. state of Idaho has warned investors of a series of cryptocurrency scams promising returns as high as 80% every 24 hours with no risks to investors. Crypto Scams Promising High Returns The Idaho Department of Finance announced Wednesday “a series of fraudulent cryptocurrency schemes seen recently targeting Idaho investors.” The regulator detailed: The companies purport to provide high returns with no risks to the investor. These fraudulent schemes are operating under the names and websites of Crypto FX Direct, Shield Investors […]

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Meta to launch metaverse hardware store, Elon Musk buys Twitter for $44B and ApeCoin pumps to new highs: Hodler’s Digest, April 24-30

Coming every Saturday, Hodlers Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more a week on Cointelegraph in one link. Top Stories This Week Elon Musk buys Twitter for $44B crypto industry reacts Eccentric billionaire Elon Musk bought Twitter for around $44 billion this week, or $54.20 per share in cash. After the deal was accepted, Musk said he hoped that even my worst critics remain on […]

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Ice Cube’s Big3 Professional Basketball League Sells Team to a DAO for 25 NFTs

Decentralized autonomous organizations (DAOs) have been acquiring high ticket items over the last 12 months and on April 28, the Degods DAO revealed it acquired a Big3 professional basketball team called the “Killer 3s.” The Big3 professional basketball league was founded by the American rapper Ice Cube and Big3 decided to sell the rights tied to the team by leveraging non-fungible token (NFT) assets. Big3 Team the Killer 3s Sold for 25 NFTs According to reports, a decentralized autonomous organization built on the Solana network called Degods […]

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Bill Regulating Crypto Mining Submitted to Russian Parliament

A draft law tailored to regulate cryptocurrency mining has been filed with the lower house of Russian parliament, the State Duma. The legislation provides a legal definition for the extraction of digital currencies and envisages the establishment of a register for miners. Russian Lawmakers to Review Legislation Enforcing Rules for Crypto Mining Sector The draft of the new federal law “On Mining in Russian Federation” has been submitted to the Duma on Friday, April 29, according to the website of the house. The bill aims to bring […]

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Smart money is accumulating Ethereum even as traders warn of a drop to $2.4K

Short-term analysis sets a $2,400 price target for ETH, but data shows smart money continues to accumulate in anticipation of the Merge. The upcoming Ethereum merge is one of the most widely discussed topics in the crypto sector and analysts have a wide range of perspectives on how the transition to proof of stake could impact Ether’s price.  ETH/USDT 1-day chart. Source: TradingView Whales accumulate ahead of the merge A deeper dive into the ongoing accumulation of Ether by whale wallets was provided by cryptocurrency intelligence firm Jarvis […]

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VC Roundup: Gaming, crypto fintech and blockchain infrastructure dominate venture capital rounds

HBAR Foundation, bloXroute, GamerGains, Spruce, Venly, Playmint and Oasis.app headline the latest funding deals from the world of blockchain. Cryptocurrency markets remain caught in a macro-based downtrend, with Bitcoin (BTC) and Ether (ETH) showing further signs of weakness at the end of April. But, venture capital activity in the crypto and blockchain sectors is the strongest it has ever been, offering further evidence that major investors are looking beyond immediate price action and ignoring divisive bull/bear narratives. The latest edition of VC Roundup highlights the growing excitement […]

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The Number of Entities Using Bitcoin to Store Arbitrary Data Has Declined

Three years ago there were a lot of discussions concerning data embedded in bitcoin transactions and the block size space consumed by these OP_Return transactions. However, in recent times, the use of OP_Return transactions has dropped a great deal and the trend has lowered network fees to some degree. OP_Return Transaction Domination Slows Significantly Alleviating Bitcoin Network Fees Bitcoin transfer fees have dropped quite a bit over the last nine months since July 1, 2021. At that time, the average transaction fee to send bitcoin (BTC) was […]

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Attackers Steal $80 Million From Rari Capital’s Fuse Platform, Fei Protocol Suffers From Exploit

According to a report from the blockchain company Blocsec, Rari Capital’s Fuse platform has lost roughly $80 million from a “reentrancy vulnerability.” On Saturday, Fei Protocol’s official Twitter account confirmed it lost funds from the Rari Fuse platform exploit. $80 Million Swiped from Rari Capital Another decentralized finance (defi) protocol attacker has managed to siphon millions of dollars worth of crypto from a defi project. On Saturday, the blockchain and smart contract audit firm Blocsec revealed Rari Capital’s Fuse platform suffered a loss of $80 million. “Our […]

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How Bitcoin Fixes The Impact Of Illegal Gold Mining In The Amazon

Illegal gold miners will cease their operations when gold is no longer as valued as bitcoin, solving the destruction of ecosystems in the Amazon. Puerto Maldonado in Peru’s Madre de Dios province feels like a frontier town. Dusty streets, ramshackle buildings, new construction and the hustle and bustle of people who want to make it. Tourists are bussed through the town to the many ecotourism companies that bring people from all over the world to experience the Amazon. Puerto Maldonado is perched on the bank of the […]

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Brazilian Senate Approves Cryptocurrency Law Project

The Brazilian Senate has approved a recently presented cryptocurrency policy, advancing the project to discussions in the deputy chamber. The proposal will have to be greenlighted by the deputies of Congress and signed by President Jair Bolsonaro to be approved as law. The project presented is the result of the fusion of several law projects dealing with crypto. Brazilian Senate Greenlights Crypto Law Project The Brazilian Senate has greenlighted a cryptocurrency law project that seeks to give more clarity and protect users from different cryptocurrency-related scams that […]

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