Litecoin creator Charlie Lee criticized the non-fungible token (NFT) industry, comparing it to the ICO boom in 2017. Lee believes the surge in NFT’s popularity has a lot to do with the ICO mania in 2017 and even the altcoin craze in 2013. According to Lee, the similarity of NFT, ICO and numerous forks of 2013 lies in the absence of barriers to their creation, and all this is aimed at massively attracting people to…
At the annual meeting in Beijing, Chinese legislators will discuss the possibilities of the digital yuan, as well as its further testing and use cases. The meeting will be organized by the People’s Political Consultative Council of the People’s Republic of China (CPPCC) and the National People’s Congress of China (NPC). More than 5,000 local politicians will take part in the discussion, during which the priority tasks of the state for the year will be…
The Chinese government platform Blockchain Service Network (BSN) has announced a partnership with TON Labs to develop applications based on the TON protocol. TON Labs will provide BSN developers with access to the Free TON blockchain, created on the basis of Telegram developments, which will allow creating various applications based on TON technology. The protocol will be adapted in accordance with the requirements of Chinese law, and will be integrated with BSN as an open…
New York-based e-commerce provider OLB Group has added support for BTC, ETH, USDC and DAI payments for 8,500 US merchants through the OmniSoft business management platform. According to the company, customers wishing to pay with cryptocurrency in-store or with a mobile phone can make payments in BTC, ETH, USDC and DAI through their cryptocurrency wallet. All payments are processed through SecurePay, a payment gateway that authenticates the transaction, converts the cryptocurrency into USD and confirms…
FD7 Ventures, a cryptocurrency fund from Dubai, will sell $ 750 million worth of BTC next month and use these funds to buy cryptocurrencies from the Cardano (ADA) and Polkadot (DOT) projects. FD7 Ventures holds more than $ 1 billion in assets, and a significant portion of these assets are in bitcoins. But now the management of FD7 Ventures believes that bitcoin has already become “useless”, having completed its task. Today, bitcoin fell to $…
US Department of Energy scientists have turned to the private sector for help in commercializing a “super-powerful” cryptojacking detection algorithm for data centers. The technology disclosed in a possible contract can identify with maximum accuracy illegal mining software that uses free computing power of hosts to mine cryptocurrencies. The software is fighting the “growing threat” of cryptojacking attacks that threaten data centers around the world, according to DOE scientists. Department of Energy scientists at Idaho…
Coinbase no longer has a central office, and most employees will continue to work remotely after the pandemic. According to a statement from Coinbase CEO Brian Armstrong, the company no longer has its official headquarters, which was previously located in San Francisco. “While we will continue to provide offices for employees who choose to work in them, it is against our culture to designate one location as our headquarters,” said Brian Armstrong, CEO of the…
The Securities and Exchange Commission (SEC) of Thailand has presented the qualification requirements for cryptocurrency investors and launched a public comment on the proposed rules. According to the document published by the financial regulator, it is planned to set more stringent requirements for cryptocurrency investors, including their qualifications, income and trading experience. Local cryptocurrency investors must have a net worth of at least THB 10 million ($ 332,500), and such investors must have a minimum…
Trading bots that capitalize on the flaws in Ethereum’s infrastructure have generated $ 107 million in revenue last month and $ 314 million since the beginning of 2020. The Miner Extracted Value (MEV) arbitrage strategy assumes that bots identify and select deals on DeFi services pending confirmation in Ethereum mempools. Bots can use several methods to profit from a targeted trade. First, the bot looks for a profitable trade in the mempool. He then copies…
The developers of the Brave browser have updated the project roadmap. It includes the creation of a decentralized exchange (DEX) aggregator and a Brave Wallet to replace current cryptocurrency wallets. According to the BAT Roadmap 2.0, the Brave developers are planning important changes to the browser. The add-ons will expand the reach of the browser beyond web browsing and provide support for the Decentralized Finance (DeFi) industry. Developers will create a DEX aggregator to help…
