Day: June 9, 2022
Business

Tether is an ‘instrument of freedom’ and ‘Bitcoin onramp,’ says Tether CTO

[ad_1] On a sun-splashed day in the Swiss Alps, the chief technology officer of Bitfinex and Tether, Paolo Ardoino, shed light on the Plan B Lugano strategy, Tether as an onramp into Bitcoin (BTC) and —crucially — his favorite pizza toppings. Fresh off the plane from Norway, where Ardoino attended an increasingly Bitcoiner-friendly event, the Oslo Freedom Forum, the Italian explained that, in contrast to the WEF,there was no “shilling” in
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ALTCOIN

PayPal to Allow Users to Transfer Crypto Externally as It Expands Its Crypto Offering

[ad_1] One of the world’s leading payment powerhouses, PayPal, recently announced that it would allow users to transfer crypto from their PayPal accounts to external wallets or exchanges. The company’s new offering, Crypto Push, is a response to increasing customer demand for cryptocurrency transfers.  In a press release, Jose Fernandez da Ponte, the SVP and general manager of blockchain, crypto, and digital currencies at PayPal, said, “We are thrilled
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Business

Anonymous hacker served with restraining order via NFT

[ad_1] Law firms Holland & Knight and Bluestone have served a defendant in a hacking case with a temporary restraining order through a nonfungible token, marking the first known legal process to be facilitated by an NFT.The so-called “service token” or “service NFT” was served to an unnamed defendant in a hacking case involving LCX, a Liechtenstein-based cryptocurrency exchange that was hacked in January for almost $8 million. As Cointelegraph
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BLOCKCHAIN

Crypto privacy is in greater jeopardy than ever before — here’s why

[ad_1] Despite the latest technology, the world has yet to crack the code for privacy and security online. But that isn't the only big problem we need to worry about.Hackers and robbers are tricking innocent users into giving up their private information as society becomes increasingly digital — and virtual currencies have a role in all of this.Cryptocurrencies smashed records in 2022, with the market topping $2 trillion for the
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Business

Jack Dorsey and Jay-Z collaborate on Bitcoin Brooklyn educational program

[ad_1] Legendary New York hip-hop artist and producer, Jay-Z has joined forces with the founder of Cash App, Jack Dorsey, to launch "The Bitcoin Academy," an educational program advocating for the democratic vision that “education is power.”Exclusively available for residents of the Marcy Project public housing complex in New York City, the scheme will commence June 22 and run until Sept. 7 with options for both in-person and online attendance.
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Bitcoin News

EGO.COM: Cardano NFT Marketplace to Launch Beta Version

[ad_1] Advertisment The NFT space is being disrupted by a new player making waves within the industry. EGO.com, an up-and-coming Cardano NFT marketplace, is barely a few weeks old but is already turning the heads of major retail and institutional investors for its promise to facilitate a “Digital Renaissance” in art. Analysts are closely watching the developments of this “crypto gem”. EGO.com, a self-described decentralized creative realm for artists and
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BLOCKCHAIN

Chainlink brings Keepers and VRF to the Avalanche blockchain

[ad_1] Blockchain oracle platform Chainlink (LINK) launched two of its services, Chainlink Keepers and Chainlink Verifiable Random Function (VRF) and integrated them into the Avalanche Primary Network, a special subnet within the Avalanche (AVAX) platform.In the announcement sent to Cointelegraph on Thursday, the Chainlink team highlighted that the integration with Avalanche is done to support developers within the platform. Chainlink Keepers will enable developers to automate smart contract functions in
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BUY/SELL

Bitcoin derivatives data forecasts sub-$30K BTC price heading into Friday’s $800M options expiry

[ad_1] Bitcoin (BTC) briefly broke above $32,000 on May 31, but the excitement lasted less than four hours after the resistance level proved to be tougher than expected. The $32,300 level represented a 20% increase from the May 12 swing low at $27,000 and it provided the necessary hope for bulls to buy some $34,000 and higher call options.The fleeting optimism reverted to a sellers' market on June 1 after
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Bitcoin News

Ethereum rehearses “merge” – test run for proof of stake launched

[ad_1] Advertisment One small step for Ropsten, one giant leap for Ethereum: The oldest testnet has been converted to Proof of Stake. So, green light for “The Merge” in August? Ethereum is a good step closer to its most important upgrade. On Wednesday, June 8, Ropsten was switched to the Proof of Stake consensus algorithm. The merge test run on the oldest Ethereum testnet is considered the last major test
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Bitcoin News

Uganda makes about-face in dealing with cryptocurrencies

[ad_1] Advertisment Until now, Uganda followed a rigid line and even warned its citizens against the use of cryptocurrencies. Now the tide seems to be turning. The digital assets industry has gained acceptance worldwide. As a result, the industry’s growth is also skyrocketing in Africa. As recently as April, the Monitor newspaper reported that Matia Ksaija, Uganda’s Minister of Finance, Planning and Economic Development, had concerns about cryptocurrencies because they
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