Bitcoin Industry

2022-11-10 18:00:11 Kii is the transactional utility token at the root of NuID’s decentralized identity ecosystem, which enables user-owned & user-controlled digital identity. Owning Kii will grant individuals access to this ecosystem, which will provide portable, frictionless, secure management and verification of digital identities.

Join the project's IEO on P2B: https://p2pb2b.com/token-sale/KII-463/

More info: nuid.io/
Twitter: twitter.com/_nuid
Telegram: https://t.me/NuID_Kii Open / Comment

2022-11-09 15:00:13 Coinbase CEO Says No Interest In Buying FTX U.S, COIN Stock Price Tanks 10%

The contagion of the FTX token collapse has spread across the entire crypto market. On Tuesday, November 8, the broader crypto market lost nearly $100 billion tanking by 10%.

The Coinbase (NASDAQ: COIN) stock also collapsed by 10% ending Tuesday’s trading session at $50.

https://coingape.com/coinbase-ceo-says-no-interest-to-buy-ftx-u-s-coin-stock-price-tanks-10/?cg Open / Comment

2022-11-08 20:00:15 ​​SEC issues subpoena to influencers promoting HEX, PulseChain and PulseX.

The SEC issued subpoena as part of the investigation, which demanded the influencers in question to produce the required documents by Nov. 15, 2022.

Over several years, social media influencers have earned a bad rep among regulators for shilling risky and unvetted tokens to millions of investors. Pursuing the crackdown on such scenarios, the U.S. Securities and Exchange Commission (SEC) reportedly issued a subpoena to influencers who were found promoting cryptocurrencies such as HEX, PulseChain and PulseX.

Swedish researcher Eric Wall shared an official letter from the SEC dated Nov. 1, which was addressed to influencers. It read:

“We believe that you may possess documents and data that are relevant to an ongoing investigation being conducted by the staff of the United States Securities and Exchange Commission.”

The letter was accompanied by a subpoena that was issued as part of the investigation, which demanded the influencers in question to produce the required documents by Nov. 15, 2022.

He further challenged the Hexians those who claimed that the subpoena was fake, stating:

“Do you accept the good advice you're given? You think you do, but do you really? Are you using secret chats with self-destruct timers? Or are you a slow learner? Is it hard for you to click buttons?”

The above tweet supports Wall’s claims. However, Wall maintains that he has no respect for the SEC and that he’s just sharing the information.

SEC chair Gary Gensler recently used examples of SEC enforcement against crypto lending firm BlockFi and a former Coinbase employee in justifying the agency’s actions on violations of U.S. securities laws while writing for the Practising Law Institute’s Annual Institute on Securities Regulation. Open / Comment

2022-11-08 17:00:09 $MRST Listing on OKX

$MRST is being listed on the top tier global exchange OKX!

MRST deposits open at 8:00 am UTC on Nov. 7
MRST/USDT, MRST/USDC Spot trading open at 9:00 am UTC on Nov. 9
MRST withdrawals open at 10:00 am UTC on Nov. 10

Spot trading as well as DEX will be available!


10,000 $MRST AIRDROP EVENT
https://gleam.io/Zxf8k/mrst-listing

Check out The Mars: Metaverse Project
https://linktr.ee/mars_labs

Join OKX:
https://okx.com/join/55599569 Open / Comment

2022-11-05 20:00:08 ​​Decentralized gaming IDs provide another avenue of interoperability in Web3.

The Lens Protocol and Laguna Games launched a new gaming ID, which connects users across multiple games.

Nonfungible token (NFT) gaming is getting a facelift. A new collaboration between Laguna Games, a Web3 research and development entertainment developer, and Lens Protocol allows players to connect across multiple gaming experiences.

These new decentralized gaming IDs will allow players to connect their profiles across Crypto Unicorn’s web and mobile NFT gaming platforms.

The Lens integration is a binder that takes profiles on its network and connects them with the avatar system behind Crypto Unicorns. This opens up new avenues for logging in to games and accessing leaderboards, along with benefits and rewards in the ecosystem.

Aron Beierschmitt, CEO and co-founder of Laguna Games, said this is a way to unsilo identity systems within gaming franchise ecosystems, adding:

“We will branch off an existing ecosystem to maximize the benefits to our player community.”

Lens Protocol founder Stani Kulechov says this integration will benefit users on both platforms, as it allows players to “move seamlessly and securely between platforms using one identity.”

In the Web3 world, interoperability is a key component of ever-expanding blockchain ecosystems, especially as they fill out with more utilities and applications.

The term interoperability is often heard in the context of maneuvering among blockchain networks. However, as Web3 applications multiply, there is a greater need for interoperability in other areas of the space, including gaming.

Gaming in the Web3 space has been heralded as a major entrance for mass adoption and as an example of utility for ownership through NFTs.

It is also one of the areas in the space that is receiving attention from investors. According to a DappRadar Q3 report, blockchain games and metaverse projects raised $1.3 billion from July to September of this year.

Recently the Web3 infrastructure firm ChainSafe raised $18.75 million as the company pivots its focus toward GameFi development. Open / Comment

2022-11-03 15:00:09 ​Do you want to really own your name?

With Waves Domains, you can have an exclusive blockchain-backed NFT name serving as a proof of ownership and giving you many advanced opportunities in the Waves ecosystem

You are presented with a unique chance to be among the first NFT name owners this Friday, November 4, as we’re initiating the auction sale at Waves Domains.

Being an early bird means that you will be able to get a hold of the most prized names, either for your own use or for making some profit later. The trend is just picking up, get in while you can!

NFT names can be used as a handle for a number of Waves services, including wallets and exchanges. No longer will your wallet address look like a random collection of numbers and characters, which simplifies incoming transactions.

Later on,the early adopters of NFT names will be introduced to governance rights granted by their NFTs

To ensure fair pricing and distribution, the sale will take the form of a Vickrey auction with sealed bids.

Make sure to join our channel to stay tuned for the final sale announcement!

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2022-11-02 20:00:19 ​​Terrorists still predominantly use cash over crypto.

Cash and hawala remain the “predominant methods of terror financing,” according to a UN official. However, “advanced” terror organizations are turning to cryptocurrencies.

Terrorist groups who have been excluded from the “formal financial system” are slowly turning to crypto to fund their heinous activities, according to Svetlana Martynova, the Countering Financing of Terrorism Coordinator at the United Nations (UN).

The UN official made the comments during a speech at a “Special Meeting” run by the UN’s Counter-Terrorism Committee (CTC) in New Delhi and Mumbai on Oct. 28-29, which was focused on combating the use of “new and emerging technologies” for terrorist purposes.

Martynova said that while cash and hawala — a traditional system of transferring money in Arab countries and South Asia — have been the “predominant methods” of terror financing. “We know terrorists adapt to the evolution of conditions around them and as technologies evolve they adapt as well,” she said.

Martynova noted that these technologies include cryptocurrencies, which have been used to “create opportunities for abuse,” she said, adding:

“If they’re excluded from the formal financial system and they want to purchase or invest in something with anonymity, and they’re advanced for that, they’re likely to abuse cryptocurrencies.”

UN Secretary-General Antonio Guterres also stated that while emerging technologies have an “unmatched potential to improve human conditions everywhere,” the harm done also expands far beyond that of terror financing:

“Terrorists and others posing hateful ideologies are abusing new and emerging technologies to spread disinformation, foment discord, recruit and radicalize, mobilize resources and execute attacks.”
As for how the UN plans on handling the issue at an international level, Martynova said the main challenge is to get nation-states on board with its regulation.

“We have very clear global standards from the Financial Action Task Force (FATF) and the resolutions of UNSC,” she said.

However, Martynova added that very few countries have started the work on regulation, and even less so are “successfully enforcing that regulation” to deter ill-intended non-state actors. Open / Comment

2022-11-02 20:00:19 U.Today is looking for more authors and sales managers from all over the world.

If you are interested in those vacancies, feel free to send your resume to our Senior Editor Rimma at [email protected]. If you are going to apply for an author position, don’t forget to send links to published articles. Open / Comment

2022-10-30 20:00:09 ​​Ripple reports XRP holdings below 50% for the first time.

The firm emphasized that its rather large XRP ownership is decreasing and that it only “operates 4 out of 130+ validator nodes on the XRPL.”

Ripple Lab’s XRP token holdings have dropped below 50% of the total circulating supply for the first time in the company’s history.

Ripple has faced criticism in the past by some that have raised questions over the firm’s significantly large ownership of XRP, arguing that it gives the company centralized control over its XRP Ledger (XRPL).

In a Q3 report published on Oct. 27, Ripple once again refuted that criticism while also pointing out that its XRP holdings continue to decline, falling below 50 billion tokens, or 50% of the total supply.

“Critics have pointed to the company’s XRP ownership as an indicator that the XRP Ledger is controlled by Ripple. This is not true,” Ripple stated, adding that:

“The XRP Ledger (XRPL) uses Federated Byzantine Consensus to validate transactions, add new features, and secure the network, which means that each validator node gets one vote regardless of how much XRP they own.”

The firm went on to state that it “currently operates 4 out of 130+ validator nodes on the XRPL.”

Below 50% - a huge milestone! For 10 years, Ripple has focused on using XRP & the XRPL within our products for its speed, security and scalability for movement of value. As more customers use XRP in their payments flows, it’s clear there is real utility here.

Ripple disclosed in the report that its total net sales (sales minus purchases) of XRP for Q3 was down to $310.68 million compared with $408.9 million in Q2.

“Ripple has continued to sell XRP only in connection with ODL transactions, and ODL volumes have ramped up as Ripple’s ODL On-Demand Liquidity business expanded globally,” the report reads.

One of Ripple’s key business offerings is its cross-border payments service ODL, and the company outlined that it continued to expand the product in Q3 via a partnership with forex firm Travelex to facilitate transactions between Brazil and Mexico.

Ripple also commented on its lengthy legal dispute with the United States Securities and Exchange Commission (SEC), after scoring a big win relating to the elusive William Hinman documents earlier this month. Open / Comment

2022-10-27 20:00:07 ​​How not to Bitcoin: User pays 1,000x fee to send 4 BTC.

What could have inspired a Bitcoin user to overpay by 1,000 times the asking price to move roughly $63,000 in Bitcoin?

Fat fingers? A Bitcoin user spent over $200 to make a transaction, paying astronomically above the average fee.

In a transaction that entered Bitcoin block 760,077, a user paid 1,136,000 satoshis, (0.0136 BTC or $220.52) to move 3.8 BTC ($63,000). This extraordinarily high fee is a whopping 1,000 times the usual Bitcoin transaction fee, as at block height 760,077, the average transaction fee was roughly $0.20.

Twitter user Bitcoin QnA first spotted the out-of-the-ordinary transaction, asking, “Y tho?” The Bitcoin educator told Cointelegraph that “Ultimately, we’ll never know why they paid high, but there are a few possible answers.” QnA listed the following:

“1. Using a wallet with terrible fee estimations 2. A user making a typo when manually entering their fee rate 3. An exchange processing an urgent payout. They often overpay but never normally by this much!”

Finally, QnA told Cointelegraph that it could be that the user hasn’t done their homework, and the error could be explained by “a user not understanding how miner fees work (unlikely given the amounts seen in the tx in question).”

Transaction fees on the Bitcoin base chain vary from pennies to hundreds of dollars, depending on congestion levels in the Bitcoin memory pool, or “mem pool,” as well as transaction sizes. Transaction fees are priced in satoshis per unit of data, abbreviated to sats/vByte.

The sats/vByte rate is multiplied by the size of the transaction made to get the total fee you’ll pay. Generally speaking, the more money (or data) sent, the higher the transaction fee — although several other factors are at play.

If a user is in a hurry, they can choose to pay a higher sats/vByte fee to almost guarantee that miners will include their transaction in the next confirmed block. The cost of this luxury is a higher fee rate. The lowest fee is 1 sats/vByte; higher fees are generally considered as anything over 7 sats/vByte. For this fat-fingered Bitcoiner in question, they paid a whopping 8,042 sat/Byte, or 1,136,000 sats.

That’s more than 1,000 times the typical fee. The median transaction fee for block 760,077 was ~8 sat/vB or $0.22. Open / Comment