Monthly Archives: May 2022

House Sold In Portugal For 3 Bitcoin In Country’s First-Ever Direct Transaction

An apartment in Braga, Portugal was directly sold for bitcoin for the first time in the country, without needing a conversion into euros. An apartment in Braga, Portugal was sold for 3 BTC on Thursday in the first-ever real estate sale directly and entirely made in bitcoin, local news outlet Idealista reported. The feat was possible thanks to new rules that became effective last month setting the directives as to how owners and real estate agents could sell properties for cryptocurrency directly. Before the rules, someone buying […]

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Central Bank Of Argentina Bans Banks From Offering Bitcoin, Crypto Services

The ban comes just a few days after Argentina’s largest private bank announced it would start offering bitcoin to clients. The central bank of Argentina has banned financial institutions from offering any services involving cryptocurrencies like bitcoin. The ban comes days after the largest private bank in Argentina announced it would begin offering such services to its clients. An alert released from the central bank last year showed its reluctance to cryptocurrencies, also exhibited in today’s ban. The Central Bank of the Argentine Republic (BCRA) announced in […]

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Eager to work: Bitcoin switch to proof-of-stake remains unlikely

Environmental and proof-of-stake proponents have been lobbying to change Bitcoin’s mining consensus code, but history tells us why BTC is great the way it is. Bitcoin (BTC), the original cryptocurrency that started it all and even today continues to drive the market sentiments, has faced numerous challenges along the way. The latest challenge seems to be around its mining consensus, proof-of-work (PoW) and its consequent impact on the environment. Bitcoin network’s high energy consumption was one of the hottest topics last year, with the likes of Elon […]

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Ethereum hits 3-week high vs. Bitcoin amid Fed-led market rout

Ether could continue dropping against the U.S. dollar in a high interest-rate environment. Ethereum’s native token Ether (ETH) tumbled to its worst levels in almost two months against the U.S. dollar on May 6 as the rout in financial markets rippled across the cryptocurrency sector. Nonetheless, ETH did fare better than Bitcoin (BTC) with the ETH/BTC pair hitting a three-week high. ETH/BTC daily price chart. Source: TradingView The Merge impact Many analysts credited Ethereum’s merge to proof-of-stake from proof-of-work as one of the key reasons behind the capital […]

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Ready Games will help developers upgrade their games to Web3

The company will release tools to swiftly upgrade mobile Web2 games in compliance with Apple and Google app store rules. Ready Games, provider of developer and creator tools for the Web3 community, will launch a new ecosystem with the goal of incentivizing Web2 game creators to explore and switch to Web3 with minimal development time and cost while distributing games “as normal” through traditional app stores.  On Friday, the company announced the launch of the ecosystem that will include the utility token AURA and a set of […]

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$1.7 Billion in NFT Sales Fueled by Otherdeed Trades — NFT Volume Jumps 74% Higher Than Last Week

With the help of the Bored Ape Yacht Club’s Otherside land sale, non-fungible token (NFT) sales have increased a great deal this week. NFT sales increased 74.77% during the last seven days, capturing $1.71 billion in sales volume among 266,918 traders. 7-Day NFT Sales Volume Jumps 74% to $1.71 Billion, Otherdeed NFT Collection Captures $787 Million in Global Sales NFTs have done well this week as far as sales are concerned, and across 1,075,588 transactions during the last seven days, $1.71 billion in sales volume has been […]

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Bitcoin Proponents Rally To Oppose New York Mining Moratorium

Bitcoiners and politicians come together in Albany, New York to speak out against a proposed ban on proof-of-work mining and to keep industry jobs in the state. “This (Bitcoin) isn’t going to stop. Crypto mining may move somewhere where there is little or no concern for the environment.” –Ken Pokalsky, Vice-President of The Business Council of New York State Pokalsky’s words echoed the sentiments of the half dozen speakers assembled at the New York State Capitol in Albany on May 2, 2022. Gathered on the Capitol’s famed […]

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Blockchain technology to power De Beers’ diamond production

De Beers has launched its long-awaited blockchain-powered Tracr platform to track and manage diamond production. Global diamond mining firm De Beers has launched a proprietary blockchain-powered platform to manage its diamond production and distribution. The firm has long been at work on a blockchain system to trace, record and manage its diamond mining, production and distribution across the globe. The Tracr platform was first piloted and tested back in 2018, and the company has finally released the platform at scale to serve the wider diamond mining industry. […]

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Theta Labs to help Sony launch 3D NFTs compatible with Spatial Reality Display

The Spatial Reality Display lets people view the nonfungible tokens in 3D without the need for 3D glasses. Japanese conglomerate Sony Electronics collaborates with blockchain video delivery network Theta Labs to launch nonfungible tokens (NFTs) that can be viewed in mixed reality through Sony’s Spatial Reality Display, a monitor that lets people perceive things in 3D without using traditional 3D accessories.  The Spatial Reality Display tracks eye movement and adjusts the display as the viewer moves, giving users a 3D viewing experience. With this, Mitch Liu, co-founder […]

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Bitcoin, Ethereum Technical Analysis: BTC Falls to 2-Month Low Following the Latest NFP Report  

Bitcoin fell to its lowest level in over two months, as Friday’s non-farm payrolls report showed an addition of 428,000. It was expected that last month’s payrolls would show an increase of 391,000 jobs — lower than March’s figure of 431,000. ETH also fell on the news, hitting a six-week low. Bitcoin Bitcoin fell by nearly 10% in today’s session, as traders continue to react to recent action by the Federal Reserve to hike interest rates. Today’s drop, which sees prices of BTC/USD hit an intraday low […]

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