Nigeria seeks to Legalise Bitcoin and Cryptocurrency Use
-
Rudolph Harmon
-
December 19, 2022
-
Defi, Bitcoin
-
0 Comments
Nigeria is seeking to reverse its attitude toward the cryptocurrency business by pushing a bill to allow the use of bitcoin and other cryptocurrencies. Nigeria’s House of Representatives Committee on Capital Markets and Institutions chairman, Babangida Ibrahim, reportedly spoke to a local newspaper about the proposed changes to the “Investment and Securities Act 2007” that would establish Bitcoin as a …
Continue Reading
Chainlink Staking Successfully Launched; 11.1 Million LINK Staked
-
Teresa Bach
-
December 7, 2022
-
Defi
-
0 Comments
The highly anticipated upgrade of Chainlink, the launch of Staking v0.1, on the Ethereum mainnet was successfully completed a few hours ago. The feature is a key component of the Chainlink Economics 2.0. Chainlink Staking aims to create stability for the ecosystem. Participants can earn rewards by staking the native LINK token to secure the network by incentivizing honest behavior. …
Continue Reading
Ethereum And Ripple Commit Securities Fraud: Michael Saylor
-
Teresa Bach
-
December 7, 2022
-
Defi
-
0 Comments
Bitcoin bull Michael Saylor notoriously doesn’t care much about altcoins, including Ripple (XRP) and Ethereum (ETH). In a most recent podcast appearance, Saylor spoke out about the classification of those cryptocurrencies as securities. In reference to the legal battle between Ripple Labs and the U.S. Securities and Exchange Commission (SEC), Saylor laid out that he believes Ripple is an unregistered …
Continue Reading
Huobi Partners With Tron To Launch First National Token DMC
-
Teresa Bach
-
November 29, 2022
-
Defi
-
0 Comments
Justin Sun, crypto mogul and founder of the Tron blockchain, has scored another coup. Sun announced a few hours ago that crypto exchange Huobi Global has teamed up with the Tron DAO and DMC Labs to jointly launch the world’s first national token, the Dominica Coin (DMC). Remarkably, the DMC token is the world’s first national token under the authorization …
Continue Reading
Mattel Launches NFT Platform Via ‘Mattel Creations,’ Pivots From WAX To Flow Blockchain
-
Teresa Bach
-
November 22, 2022
-
Defi
-
0 Comments
Toy manufacturer Mattel is doubling down on their NFT pursuits, announcing the launch of NFTs on a new dedicated platform, ‘Mattel Creations,’ this week. In a press release obtained by Bitcoinist on Monday, Mattel shared their new platform pursuits, which are expected to be headed by the latest series of the toy company’s Hot Wheels NFTs. Let’s take a quick …
Continue Reading
Solana Killer Aptos Stirs Hype And Criticism Ahead Of Listings
-
Teresa Bach
-
October 18, 2022
-
Defi
-
0 Comments
With Aptos, one of the most hyped blockchains at the moment celebrated its mainnet launch yesterday. Funded by numerous major crypto ventures – such as a16z, Jump Capital, FTX Ventures and Binance – the project has been surrounded by tremendous expectations since its inception and titled “Solana killer”. The project is a spin-off by former Meta employees who worked on …
Continue Reading
Crypto Corner: The Sports Slice
-
Teresa Bach
-
October 17, 2022
-
Defi
-
0 Comments
We’re into the MLB playoffs, but the biggest sports and crypto headlines over the past week weren’t baseball-related (although yes, the MLB does have an NFT deal with growing sports platform Candy Digital). Nonetheless, we had a couple of headlines and topics of discussion around Formula 1 and European soccer to keep things fresh. Let’s take a look at the …
Continue Reading
SEC Moves The Microscope Under NFT Conglomerate Yuga Labs
-
Teresa Bach
-
October 11, 2022
-
Defi
-
0 Comments
The SEC is shifting it’s sights towards NFTs, according to emerging reports hitting the wire on Tuesday. The U.S. regulator is apparently looking into whether to deem NFTs as securities and is exploring whether or not the sale of the NFTs violates federal law, including a specific look into Yuga Labs’ ApeCoin distribution. Let’s review what we know in the …
Continue Reading
Temple DAO Exploited For $2M
-
Teresa Bach
-
October 11, 2022
-
Defi
-
0 Comments
Hackers strike again this week, this time at the expense of an available exploit within Temple DAO’s code. Temple’s “STAX Finance” protocol, which provided a liquidity pool of TEMPLE and FRAX tokens was exploited early Tuesday, resulting in $2.3M worth of tokens seized by the hacker. Let’s look at what we know in the early hours of the exploit. Down …
Continue Reading
Meet The Obscure Token That Ate Up Nearly Half Of Ethereum’s Recent Gas Usage
-
Teresa Bach
-
October 11, 2022
-
Defi
-
0 Comments
A new Ethereum-based token is burning ETH at a rapid clip and has diluted in price just as quickly – but all by design. The XEN token has accounted for nearly half of Ethereum gas in a 24-hour window in recent days. What is it, and where did it come from? Let’s take a brief look at the XEN mechanism, …
Continue Reading