Month: July 2022
BLOCKCHAIN

Coinbase denies reports of selling customer data to the US government

[ad_1] Crypto exchange platform Coinbase denied reports alleging that the company is selling its customer information to the United States Immigration and Customs Enforcement (ICE), an agency that works under the country’s Department of Homeland Security. On Thursday, news that Coinbase has been providing geolocation data to the ICE has circulated online. Because of this, Twitter users like Solobase Mac were shocked and noted that they "didn't sign up for that."
Read More
Business

VanEck refiles with SEC for spot Bitcoin ETF

[ad_1] VanEck, one of the first firms in the world to ever file for a Bitcoin (BTC) exchange-traded fund (ETF), is not giving up on its plans to launch a spot Bitcoin ETF in the United States.The firm has refiled an application for a physically-backed Bitcoin ETF with the U.S. Securities and Exchange Commission (SEC).Filed on June 24, VanEck’s latest Bitcoin ETF application comes months after the SEC rejected its
Read More
Business

June close barely beats 2017 high as Coinbase Premium flips positive

[ad_1] Bitcoin (BTC) finished June 2022 just below $20,000 after a last-minute pump saw bulls escape 40% monthly losses.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewAnalyst: Bitcoin could stay "boring" for monthsData from Cointelegraph Markets Pro and TradingView showed BTC/USD spiking higher into the monthly close, which came in at $19,924 on Bitstamp.With that, the pair narrowly avoided its first-ever monthly close below a previous halving cycle’s all-time high. On Bitstamp
Read More
Business

MakerDAO members shoot down proposal for more centralization

[ad_1] In a major win for decentralization, members of MakerDAO, the lending protocol behind the Dai (DAI) stablecoin, have rejected a series of proposals that would have seen the protocol’s governance structure become more centralized. On June 27, the members of MakerDAO (MKR) showed up to consider three proposals that would have reorganized the leadership of the decentralized autonomous organization (DAO) into something that more closely resembles a traditional corporation, complete
Read More
Business

Multisigs mean funds in bridges are ‘one small slipup’ from being hacked

[ad_1] The recent exploit on Harmony’s Horizon Bridge revealed the inherent flaws with multisig admin keys that leave projects and their users “one small slipup” from deep trouble.Two crypto project leads expressed their concern that the expansion of the multi-chain ecosystem could be hampered by the use of multisig contracts due to the dangers they pose with bridges keeping crypto funds safe. Multisig refers to the requirement of multiple individuals
Read More
Business

Hundreds of Bored Ape owners sign up to hire out their NFTs to brands

[ad_1] Hundreds of Bored Ape owners have signed up to a new NFT licensing marketplace that enables hodlers to rent out their Ape’s IP to brands. Blockchain accelerator Mouse Belt Labs launched the marketplace called “Boredjobs” claiming that it will list all 10,000 BAYC NFTs on its website for brands to browse through and “indicate interest in hiring for campaigns.”Of course 10,000 Apes won't be available to hire unless the
Read More