CryptoClan (ENG)

2022-01-31 11:33:28 Pop Star Justin Bieber Buys Bored Ape NFT for $1.29 Million, Pays More Than 300% Above Floor

The Canadian singer Justin Bieber has purchased a Bored Ape Yacht Club (BAYC) non-fungible token (NFT) for 500 ethereum or $1.29 million at the time of settlement. Bieber has a significant collection of NFTs and his wallet holds 340.43 ether worth $879K. Open / Comment

2022-01-30 19:06:02 Data Shows Young Crypto Addresses Sold 36% of Their Holdings at a Loss in the Last Month

On-chain data shows that short-term holders sold off significant portions of their BTC holdings during the recent market crash.

According to data from IntoTheBlock, addresses holding BTC for less than a month decreased their supply as bitcoin slid by $10,000 in less than a week.These traders followed the price action of $BTC, and as the price started to fall, they sold at a loss pic. Open / Comment

2022-01-30 15:55:48 Report: Nvidia’s Lite Hash Rate Tech to Stop Crypto Miners ‘Was Pointless’

In mid-May 2021, the American multinational technology company Nvidia Corporation revealed that it added a hashrate limiter to curb the use of cryptocurrency mining with its graphics processing units (GPUs). However, crypto miners now say the move was pointless, and the mining organization Nicehash details that the hashrate limiter scheme introduced by Nvidia “did not discourage miners at all.” Open / Comment

2022-01-30 12:22:01 Turkey’s Erdogan fires statistics chief after inflation data shows 19-year high

Turkish President Recep Tayyip Erdogan has sacked the head of the state statistics agency, according to a decree published Saturday, after releasing data showing last year's inflation rate hit a 19-year high of 36.1 percent. Open / Comment

2022-01-30 09:45:35 Global Chip Shortage Looms Over Bitcoin Mining Industry, ASIC Supply Tightens

While Bitcoin’s hashrate has been coasting along above 175 exahash per second (EH/s) and recently reached an all-time high, a global shortage of semiconductor chips could slow the growing industry. The shortfall of supply worldwide has disrupted major industries, and manufacturers like Taiwan Semiconductor Manufacturing Company Limited (TSMC) have seen stocks sink in value. At the same time, application-specific integrated circuit (ASIC) manufacturers are dependent on these chips. Open / Comment

2022-01-29 21:11:01 Despite the broader market downturn, NFT activity remains vibrant.

The number of unique wallets buying NFTs this month has doubled from just 5 months ago (380k now vs 190k in Aug 2021), showing that interest in the space is booming Open / Comment

2022-01-29 18:12:02 Facebook’s cryptocurrency failure came after internal conflict and regulatory pushback

After sustained opposition in Washington, Facebook is shuttering its Diem cryptocurrency project after a years-long effort to push into one of the hottest areas of emerging technology. Open / Comment

2022-01-29 16:28:01 Ministries Queried About Missing 200,000 Bitcoins as Bulgaria Explores Crypto Payments

The recently elected government of Bulgaria has found itself in the position of answering questions about the fate of billions of dollars’ worth of cryptocurrency reportedly confiscated by the country’s law enforcement five years ago. Meanwhile, the new finance minister has revealed that authorities in Sofia are now exploring options to implement a crypto payment mechanism. Open / Comment

2022-01-29 13:27:02 Robinhood posts $423 million net loss, shares sink after hours

Commission-free brokerage Robinhood Markets Inc on Thursday posted a $423 million net loss in the latest quarter, and its shares tumbled as much as 15% in after-hours trade even as revenue edged past analysts' estimates. Open / Comment

2022-01-29 11:16:17 Brussels Parliament Member Becomes First European Politician to Accept Salary in Bitcoin

Christophe De Beukelaer, a leader and lawmaker from Belgium's Humanist Democratic Centre at parliament, became the first European politician to convert his salary into Bitcoin using Europe's popular Bit4You crypto platform.

According to reports, Beukelaer, a Brussels member of Parliament who represents the CDH, will be converting his monthly salary of EUR 5,500 into Bitcoin using Bit4You crypto trading platform, according to a report by Bruzz. Open / Comment