How to use proxies when participating in token presales

Cryptocurrency News

Buying tokens before listing them on exchanges is an opportunity to make a profit due to the growth in the price of a cryptoasset. The use of proxy servers increases the chances of purchasing tokens with upside potential. One of the ways to generate income in the cryptocurrency industry is to participate in token sales, pre-sales of cryptoassets of various projects before they appear on cryptocurrency exchanges and trading platforms. Project creators conduct a pre-sale…

Authors of the ArtWars project are outraged by the inconsistent sale of their works in NFT on OpenSea

Cryptocurrency News

British artists are unhappy that their Art Wars work has been sold for $ 6.7 million in NFTs on the OpenSea platform without their consent. Photographer David Bailey and sculptor Anish Kapoor claim that curator Ben Moore posted their artwork on the OpenSea marketplace as non-fungible tokens earlier this month. We are talking about the collection of stormtrooper helmets from “Star Wars”, owned by the Art Wars project, and on which more than 300 designers…

El Salvador will invest $ 1 billion in the opening of Bitcoin City from the sale of bonds

Cryptocurrency News

El Salvador President Naib Bukele announced plans to launch Bitcoin City. The project aims to ensure the development of the cryptocurrency industry and other technological and social initiatives in the country. This was announced by Nayib Bukele at the Bitcoin Week conference. Notable cryptocurrency companies will also participate in the development of Bitcoin City, including the Bitfinex exchange and the Blockstream technology company. El Salvador will invest $ 1 billion in bond sales to open…

IMF warned of the risks of accepting bitcoin as a legal tender in El Salvador

Cryptocurrency News

The IMF has once again warned that bitcoin poses too many systemic risks to be recognized as legal tender, as was done in El Salvador. A report from the International Monetary Fund (IMF) highlights that cryptocurrencies and digital payment systems like the Chivo wallet can make payments in El Salvador more efficient, expand financial services, and boost the economy. However, due to the high volatility of bitcoin, “BTC’s recognition as legal tender carries significant risks…

Celsius Network COO: Satoshi Nakamoto Wins Nobel Prize

Cryptocurrency News

Daniel Leon, co-founder and COO of cryptocurrency lending platform Celsius Network, has proposed to award Bitcoin’s creator Satoshi Nakamoto the Nobel Prize in Economics. Daniel Leon said that hundreds of thousands of people around the world were able to improve their financial situation precisely thanks to Bitcoin, and not to economists from academia. He stated this during a speech at the Mind the Tech NY 2021 conference in New York, organized by the Israeli edition…

Israeli bank did not accept cash from a pensioner from the sale of BTC

Cryptocurrency News

Esther Freeman invested 10,000 shekels ($ 3,000) in bitcoin eight years ago, during which time her bitcoins have risen to 900,000 shekels ($ 320,000). However, the local bank Hapoalim refused to accept the money from the sale. Freeman, 69, said she wanted to help one of her children buy an apartment in July 2020. The woman decided to convert bitcoins into fiat currency and found out that in 8 years her bitcoin deposit had grown…

Nvidia Q3 Report showed a decrease in sales of chips for mining

Cryptocurrency News

GPU maker Nvidia did not make the planned revenue from its line of cryptocurrency mining processors (CMPs) in Q3 2021, with sales of just $ 105 million. Sales of its line of cryptocurrency mining processors (CMPs) fell 60% in the last quarter, from $ 266 million to $ 105 million, with numbers expected to fall further in the fourth quarter. The report says that for the entire life of the product, revenue was $ 526…

Bitso and Circle Exchange will launch cross-border payments between Mexico and the United States

Cryptocurrency News

Major Latin American exchange Bitso, in collaboration with cryptocurrency payment company Circle, is launching Bitso Shift tool for cross-border payments in USD. Bitso co-founder and CEO Daniel Vogel noted that the integration with Circle’s payment solutions aims to provide Mexicans with a new way to send and receive payments in US dollars. The Bitso Shift tool will enable instant exchanges between Mexican pesos and USD-backed stalkcoins. Transfers in Bitso Shift are processed from 24 to…

Polygon launches zk-STARK protocol for decentralized application development

Cryptocurrency News

The Polygon network will run a Miden VM based on the zk-STARK protocol using zero knowledge proofs. The developers of the second-level network Polygon announced that the network will run a virtual machine Miden VM, running on the basis of the zk-STARK protocol, using public zero-knowledge probabilistically verifiable proofs. Zero knowledge technology allows one party to prove to the other that it owns confidential information without revealing the data itself. $ 1 million was allocated…

Ripple proposes an approach to regulating the cryptocurrency industry

Cryptocurrency News

Ripple has published a document titled “A Realistic Approach to Cryptocurrency Regulation”, which outlined possible approaches to developing a regulatory framework to control the industry. The Ripple document states that cryptocurrencies and blockchain are evolving rapidly, so these industries need to be regulated in a new way. When developing regulations and drafting laws on cryptocurrencies, regulators should think not only about protecting users, but also creating conditions for the development of innovations. This requires well-coordinated…