Shintama Reinvents DeFi with Key Targets
7.2.2022
Shintama, a DeFi token that was formed by the union of 2 tokens – Shinja and Saitama – has announced the release of its iconic token to the cryptocurrency world. Shintama’s goal is to develop a cutting-edge application that will grow naturally in the DeFi space. Shintama...
Electricity Consumption Spikes in Irkutsk as More Russians Start Mining Cryptocurrency
7.2.2022
Electricity suppliers in the Russian region of Irkutsk have registered a surge in power consumption in residential areas which they are blaming on cryptocurrency mining. Planes with mining equipment from restricted China continue to land in the region, and cases of hardware theft have also...
State-run El Salvador Bank Accepts 200 Bitcoin ATMs as Collateral for USD 1.5M Loan – Report
7.2.2022
A state-owned bank in El Salvador has reportedly handed out a crypto firm a loan of over USD 1.5m – accepting 200 bitcoin (BTC) ATMs as collateral.
The development was reported by El Diario de Hoy’s ElSalvador.com, which wrote that it had obtained access to documents proving that the Banco...
Venezuelans reportedly hit by new Bitcoin tax of up to 20%
7.2.2022
Bitcoin adoption has been on the rise in Venezuela in recent years amid hyperinflation and the national currency crisis
Florida Home to Be Sold as an NFT, Decentralized Organization Seeks Bel Air Megamansion
7.2.2022
According to a California-based real estate technology company called Propy, a four-bedroom home in Gulfport, Florida, will be tokenized leveraging non-fungible token (NFT) technology and sold for $650K. In addition to the Gulfport home, another blockchain project has launched aiming to purchase...
AXS and SLP Move Higher as Axie Infinity Reveals Economic Revamp
7.2.2022
Popular blockchain-based mobile game Axie Infinity (AXS) has made economic adjustments for its upcoming season 20, drastically reducing the daily issuance of Smooth Love Potion (SLP) tokens which are earned as rewards.
In the first place, the game has eliminated the adventure mode and the daily...
North Korea Still Hacking Crypto Exchanges to Fund Its Weapons Program, Says UN
7.2.2022
Independent sanctions monitors have told the United Nations (UN) that North Korea is continuing to use crypto and raids on international crypto exchanges as a major revenue stream to fund its nuclear and ballistic weapons programs.
The monitors, Reuters reported, submitted their findings to...
RSS3 aims to be the decentralized information processor of Web3
7.2.2022
The developers behind the project noted that the deployment of RSS3 could take up to 6-8 months
Report: Chainalysis Detects ‘Significant’ Wash Trading Using NFTs
7.2.2022
Chainalysis, one of the leading blockchain and cryptocurrency auditing firms, has issued a report indicating signs of significant wash trading activity involving NFTs. In these operations, some actors effectively sell their assets to themselves, with the intention of increasing the floor price...
BTC price returns to $43K — 5 things to watch in Bitcoin this week
7.2.2022
Cautious celebration as Bitcoin avoids a dive back into its recent trading range as inflation and the dollar form major points of interest
Protesters migrate to crypto fundraising platform following GoFundMe ban
7.2.2022
GoFundMe axed the “Freedom Convoy Campaign” after some protesters became violent, so organizers turned to the Bitcoin fundraising platform Tallycoin instead
Fraud in Crypto Apps Has Never Been Higher
7.2.2022
A recent survey by Pew Research showed more than 86% of Americans that are now aware of cryptocurrency, and the number of cryptocurrency users is now estimated at more than 300 million. Growth of awareness has also attracted fraudsters’ attention, with crypto fraud peaked in the past year....