CryptoClan (ENG)

2022-01-21 21:22:01 Ethereum Moved More Values than Visa and Bitcoin in 2021

One of the simplest and major use cases of a blockchain is the ability to transfer assets, and Ethereum (ETH) has continued to top the list since surpassing Bitcoin (BTC) in mid-2020.

Ethereum moved approximately $11.6 trillion, beating the payment giant Visa that managed to move $10.4 trillion within the same period. While Bitcoin moved just $4.6 trillion. Open / Comment

2022-01-21 19:27:01 Charles Schwab CEO: Crypto is significant, hard to ignore and we want to offer it to our clients.

They manage $7.5 trillion

Lack of regulatory clarity in crypto is one of the reasons why the $7 trillion manager hasn't yet offered it to its clients. Open / Comment

2022-01-21 17:10:52 Twitter added NFT verification for profile avatars

Twitter has introduced a mechanism to verify non-transferable tokens (NFTs) used as user profile images.

Access to the service is available to users with an active Twitter Blue subscription. When selecting a profile image, it is necessary to specify "NFT", and then connect the Ethereum wallet to the account. The page will display a list of available NFTs. Avatars verified in this way have a special hexagonal shape.

Currently Coinbase Wallet, MetaMask, Rainbow, Argent, Trust and Ledger Live wallets are supported, and of the blockchains only Ethereum is supported, but the company noted that this is only the first version of the service and support for additional networks may appear in the future. The mechanism uses the API of the OpenSea NFT marketplace. For now, the option can only be found in the Twitter app for iOS. Open / Comment

2022-01-21 12:09:44 Gold Miner Says Investors Prefer Hedging Against Inflation With Gold, Not Crypto

The CEO of a Canada-headquartered gold mining company, Mark Bristow, has insisted that gold currently has little downside risk.

Mark Bristow, the CEO of Canada-based Barrick Gold Corp., recently argued that gold has little downside risk and investors seeking to hedge against inflation will pick the precious metal over cryptocurrencies, a report has said. Open / Comment

2022-01-20 21:11:02 Bitcoin billionaire Mike Novogratz says crypto prices will stay under pressure as bond yields shoot higher

Billionaire investor Mike Novogratz has said that crypto prices are likely to stay under pressure as government bond yields rise rapidly.

"As long as rates go higher we will see pressure on Nasdaq and crypto," Novogratz, founder of investment company Galaxy Digital, tweeted Tuesday Open / Comment

2022-01-20 18:17:01 India-Based TikTok Competitor Chingari Closes $15 Million Funding Round

As part of OKEx’s strategic investment in Chingari, the startup’s native token GARI will be listed on the exchange on January 18. Five more crypto exchanges are set to list the token on the same day.

One of the world’s most prominent cryptocurrency exchanges, OKEx, has invested in the short-video platform Chingari which announced raising $15 million in a funding round. Open / Comment

2022-01-20 15:17:01 A group of crypto investors bought a copy of "Dune" for $3 million, believing they had acquired the copyright to it.

Spice DAO January 15, 2022 Perhaps, unknown to them is the fact that they have only bought a copy of the book and not its actual rights as many media outlets pointed out.

In November, we reported how a DAO raised about $47 million to acquire a rare copy of the U.S. Constitution but lost the auction. As IFLScience pointed, the DAO wants to convert each page of the book into an NFT and then go ahead and burn the book. Open / Comment

2022-01-20 13:49:02 United States handing out 10k in Bitcoin and a free bike if you relocate to Arkansas

The government of northwest Arkansas in America is dishing out $10k in Bitcoin and a bicycle to anyone who wants it.

Hoping to create a 'crypto hub', the Northwest Arkansas Council is trying to incentivise remote workers to move to the region with the handouts. In early November, Bitcoin's price enjoyed a rise to over £50,000, with investors hoping to see the cryptocurrency to a trillion market cap. Open / Comment

2022-01-20 11:59:48 ESMA calls for a ban on mining on the PoW algorithm

Eric Teden, vice chairman of the European Securities Market Surveillance Authority, urged continental regulators to consider a complete ban on cryptocurrency mining on the PoW consensus algorithm.

Teden cites the growing energy consumption of Proof-of-Work mining as the main reason. According to the ESMA representative, miners may well continue to mine cryptocurrencies, they should just switch to coins based on the Proof-of-Stake algorithm and the like.

Teden, who also serves as director general of the Swedish Financial Services Authority, argues that bitcoin miners have become a "national problem" and have the potential to affect climate change:

"The solution is to ban cryptocurrencies on PoW. The Proof-of-Stake algorithm requires much less energy. We need to discuss redirecting the development of the mining industry to a more efficient technology." Open / Comment

2022-01-20 11:55:50 Coinbase partners with Mastercard

Coinbase has partnered with Mastercard to simplify the NFT buying process for regular users.

Coinbase believes that: "Just as we first helped millions of people access Bitcoin in an easy and reliable way, we want to do the same with NFT."

To recap: Coinbase recently launched a peer-to-peer NFT marketplace called Coinbase NFT. And the aggregate trading volume of NFT has grown almost 400 times in a year. Open / Comment