Sunday, July 31, 2022

Bitcoin accepted here in a cocktail bar South Australia

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Submitted July 31, 2022 at 01:34AM by AdviceImpressive219 https://ift.tt/psVJLQY https://ift.tt/HV69tBz

China Bank Account Freeze Controversy: Authorities Reveal Latest Reimbursement Plan, Three Officials Now Under Investigation

In a move seen as an attempt to pacify protesting bank clients, Chinese authorities in Henan province announced their latest repayment plan which sees customers with deposits ranging between $14,827 and $22,240 qualify for reimbursement. In addition, authorities said two unnamed officials from the province are being investigated for allegedly violating the law.

Reimbursements Set to Commence in August

Authorities in China’s Henan province have reportedly announced plans for another round of repayments to clients of rural banks whose bank accounts have been frozen since April. The repayments program is set to start on August 1 and according to an arrangement put forward by authorities, only clients with deposits that range between 100,000 yuan ($14,827) and 150,000 yuan ($22,240) qualify to receive a reimbursement.

According to a Reuters report, authorities in the province are now moving to pacify the restive bank clients who have been protesting against the three rural banks’ decision to freeze their funds. Before the latest announcement, some officials in the province had reportedly used the country’s Covid-19 regulations to block planned protests.

However, as reported by Bitcoin.com News, angry bank clients were later able to picket outside the central bank’s offices in Henan. Following reports of the rare protests, some social media users began circulating videos of military tanks seemingly moving to protect the central bank’s offices from protestors. However, other users insisted the tanks were in fact on a parade in Shandong province, more than 440 kilometers away.

Three Officials Under Investigation

While Chinese authorities have not directly commented on the protests, a statement reportedly issued by the China Banking and Insurance Regulatory Commission (CBIRC) suggested that two officials, one from its Henan province office and another from a sub-office, were under investigation for violating the law.

In addition, the Central Commission for Discipline Inspection in Henan also announced that it is now investigating an official charged with overseeing financial stability at the central bank’s office in the provincial capital, Zhengzhou. The unnamed official faced charges of serious disciplinary violation, the report said.

What are your thoughts on this story? Let us know what you think in the comments section below.

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Documenting Bitcoin on Twitter: "Honduras launches 'Bitcoin Valley' Over 60 businesses have ...

Honduras launches 'Bitcoin Valley' Over 60 businesses have adopted #bitcoin in the small town of Santa Lucia. They will get training in the ...

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Web3 darling Helium has bragged about Lime being a client for years. Lime says it isn't true.

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Submitted July 30, 2022 at 08:05PM by erikmalkavian https://ift.tt/698zrHI https://ift.tt/HV69tBz

Daily Discussion, July 31, 2022

Please utilize this sticky thread for all general Bitcoin discussions! If you see posts on the front page or /r/Bitcoin/new which are better suited for this daily discussion thread, please help out by directing the OP to this thread instead. Thank you!

If you don't get an answer to your question, you can try phrasing it differently or commenting again tomorrow.

Join us in the r/Bitcoin Chatroom!

Please check the previous discussion thread for unanswered questions.

Submitted July 31, 2022 at 12:08AM by rBitcoinMod https://ift.tt/mZ194X7 https://ift.tt/HV69tBz

how do i view the entire Bitcoin blockchain on Bitcoin core

y'all know like how when we go to blockchain.com we can see all the transactions by block on the Bitcoin blockchain?

recently started running a node, and i expected to be able to see something similar. but what i see rn (that's most related) is the highest block size and the debug notepad that i don't get at all

super new this stuff. any help is much appreciated

Submitted July 30, 2022 at 10:54PM by randomaccessmemory_ https://ift.tt/1FIpPVn https://ift.tt/HV69tBz

Saturday, July 30, 2022

stacks.btc on Twitter: "#Bitcoin Builders Stay Bullish $STX Addresses: 417K ➡️ 444K Smart ...

#Bitcoin Builders Stay Bullish $STX Addresses: 417K ➡️ 444K Smart Contracts: 3,235 ➡️ 5,127 Transactions: 1M ➡️ 1.5M Read more about the ...

from Google Alert - Bitcoin https://twitter.com/Stacks/status/1553105242841092096

Binance to Sell NFT Tickets for Major Italian Soccer Club Lazio

Crypto exchange Binance will be offering NFT tickets for the games of one of Italy’s leading soccer teams, Lazio, during the upcoming season in the Italian Serie A championship. Supporters of Lazio will be able to use the tokens to also take advantage of various discounts.

Lazio Fans to Buy NFT Tickets From Cryptocurrency Exchange Binance

Binance, the world’s leading crypto trading platform, announced it’s launching sales of NFT tickets for the matches of the Italian football club S.S. Lazio during the 2022/23 season. Buyers will use the non-fungible tokens (NFTs) to visit the legendary Stadio Olimpico, Rome’s largest sports facility, and watch the home games of their favorite team.

Besides access to the stadium, the ticket owners will be able to benefit from many discounts, including 10% on any product sold in the Lazio store and 20% on the tickets for the club’s matches in Europa League, the annual competition organized by the Union of European Football Associations (UEFA).

Besides the discounts, supporters who purchase the digital tickets will also have the opportunity to win fan tokens and gain access to a number of exclusive events. To buy a ticket, Lazio supporters will have to open an account with Binance and go to the Binance Fan Token Platform.

The digital asset exchange argued that the NFT tickets will help solve some well-known issues with the traditional ticket distribution system. For example, the non-fungible tokens allow to avoid double ticketing, when a single seat at the stadium is sold twice, and prevent forgery of tickets and problems related to loss or damage.

Binance is Lazio’s main shirt sponsor. The €30-million ($30.5 million) sponsorship deal was announced last fall. The two sides reached an agreement for an initial period of two years with the option to extend it for a third year.

The NFT-ticketing initiative comes after in June Binance entered into an exclusive, multi-year NFT partnership with Portuguese soccer superstar Cristiano Ronaldo. The famous footballer plans to release several NFT collections to provide followers with an opportunity to “own an iconic piece of sports history.”

Do you expect Lazio NFT tickets to be met with high demand among soccer fans in Italy? Tell us in the comments section below.

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Crypto Compensation? Bitcoin Bonus? New York State Employers Must Weigh Requests Carefully

In January, New York City Mayor Eric Adams drew public attention to his decision to convert his first three paychecks into Bitcoin and Ethereum, ...

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Daily Discussion, July 30, 2022

If you don't get an answer to your question, you can try phrasing it differently or commenting again tomorrow.

Join us in the r/Bitcoin Chatroom!

Please check the previous discussion thread for unanswered questions.

Submitted July 30, 2022 at 12:07AM by rBitcoinMod https://ift.tt/1YfkP3m https://ift.tt/HZIMEUr

Top Crypto Analyst Explores Bitcoin (BTC) Market Structure That Is Giving Traders 'Nightmares'

A popular crypto strategist says Bitcoin (BTC) is forming a structure that tends to give traders sleepless nights.

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The hacker who stole $3.5m from the NIRVANA protocol is close to being identified

Two days ago, Nirvana suffered an exploit in which an attacker drained the reserves of approximately $3.5mm worth of stablecoins, which amounted to nearly all of the external assets in the system. This reserve collateral is the necessary backing for ANA & NIRV, without which the algorithmic properties of the tokens cease to function as designed.

The developers are currently employing every means available to restore the protocol. Key elements that have occurred since the exploit:

The exploit was discovered in the code and fixed by the devs.
The hacker sent the funds to the Ethereum chain via a bridge.
The hacker converted the funds from USDT to DAI to prevent them being frozen.
The wallets involved were flagged.
The funds have not been sent to tornado or anywhere else to try to avoid detection. They are still sitting in the hacker's wallet.
A bounty was offered in exchange for returning the funds.
These terms have been communicated to the hacker’s address.
An NFT was minted and delivered to the hackers address.
The originating wallet was traced back to Huobi.
The Huobi security team is working to identify the hacker.

I was personally invested into this project, and lost approximately 3% of my folio with this hack. I like to think I employ some good risk management strategies, but obviously everyone can become a victim.

Obviously not all developers are ethical, but it is my belief that the developers of this project are just as much a victim as I am. The above points are a summary of the details posted by the developers in the discord.

Submitted July 29, 2022 at 09:17PM by gnarley_quinn https://ift.tt/SJCfr3z https://ift.tt/HZIMEUr

Just set up my first cold wallet

I bought a Ledger and got it all set up. Just transferred my first bit of BTC onto it!!! So excited to have complete custody of my coins in the most secure way. I’m honestly ecstatic!!!!!! Fuck yeah. So glad to have had the recommendations on here from y’all. That wallet is so cool.

Submitted July 29, 2022 at 08:14PM by viceboi666 https://ift.tt/2oVhTyP https://ift.tt/HZIMEUr

Friday, July 29, 2022

A backpack that mines bitcoin

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Submitted July 28, 2022 at 04:40PM by DocumentingBitcoin https://ift.tt/dqHgbuW https://ift.tt/kiervg2

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Azimuth Back in Time Garfield Bitcoin Pizza - Chrono24

Azimuth Listing: $2346 Azimuth Back in Time Garfield Bitcoin Pizza, Bronze; Automatic; Condition New; Watch with original box; Watch with original ...

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U.S. Senators Introduce Bill For Tax Exemption On Small Crypto Transactions

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Submitted July 28, 2022 at 10:19PM by XnoonefromnowhereX https://ift.tt/aovSt6M https://ift.tt/kiervg2

Bitcoin is the Money.

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Submitted July 29, 2022 at 12:14AM by Dependent_Raccoon850 https://ift.tt/XiqVzvK https://ift.tt/kiervg2

Bitcoin hodlers right now

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Submitted July 28, 2022 at 11:51PM by dAn_tHe_mAn7 https://ift.tt/ZJihrMF https://ift.tt/kiervg2

Daily Discussion, July 29, 2022

If you don't get an answer to your question, you can try phrasing it differently or commenting again tomorrow.

Join us in the r/Bitcoin Chatroom!

Please check the previous discussion thread for unanswered questions.

Submitted July 29, 2022 at 12:06AM by rBitcoinMod https://ift.tt/6Bvk1cg https://ift.tt/kiervg2

IMF Predicts Latam to Grow 3% This Year, Despite Facing Economic Deceleration and Rising Inflation

The International Monetary Fund is predicting that Latin America (Latam) will keep growing this year, reaching a growth rate of 3% even with all of the difficulties that the region is facing. The institution believes that the economic recovery that Latam is enjoying after the Covid-19 pandemic will be decelerated by several factors, including the macroeconomic conditions, rising inflation, and increasing social tensions amidst energy and food insecurity.

IMF Predicts Latam Will Keep Growing

The International Monetary Fund has issued a series of predictions on the growth and the possible difficulties that Latam will be facing in the second half of 2022. After examining all of the variables, the institution predicts that the region will grow by 3% in 2022, fueled by the economic recovery and the reopening of many industries that were hit by the Covid-19 pandemic.

This upgraded forecast is higher that the earlier prediction the International Monetary Fund had made, expecting the region to grow by just 2.5%. However, even with this positive prediction, the fund states that there are many factors that will test the economic performance of Latam later this year.

These factors, which include the macroeconomic conditions the world economy is facing, an increasingly inflationary panorama, and the social tensions in the region, have taken the International Monetary Fund to downgrade its growth forecast to 2.5% in 2023.

Shifting Global Winds

The organization explains how these factors are worsening, with the inflationary pressures and global deceleration being the most important. In regards to the inflation problem, the institution expects it to keep growing and exceed earlier records. It states:

Inflation… has accelerated throughout the region, amid rebounding domestic demand, lingering supply chain disruptions, and rising commodity prices.

The fund expects inflation rates to outgrow the central banks’ target ranges in Brazil, Chile, Colombia, Mexico, and Peru.

All of this panorama will make regulating and policymaking a difficult task in the coming months. Lawmakers will have to balance economic stability and social policies to aid the troubled ones, avoiding social crises and institutional stability problems in the process.

The International Monetary Fund is not the only institution worried about the difficulties Latam is facing. The Bank of Spain has expressed these same worries in a report issued recently, where it warns that institutional instability might appear as a consequence of the “loss of purchasing power that the most vulnerable households have been suffering in recent quarters due to the rise in inflation.”

What do you think about the latest predictions of the International Monetary Fund on Latam? Tell us in the comments section below.

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A backpack that mines bitcoin

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Submitted July 28, 2022 at 04:40PM by DocumentingBitcoin https://ift.tt/dqHgbuW https://ift.tt/kiervg2

Thursday, July 28, 2022

⚡ Lightning Thursday! July 28, 2022: Explore the Lightning Network!⚡

The lightning network is a second-layer solution on top of the Bitcoin blockchain that enables quick, cheap and scalable Bitcoin payments.

Here is the place to discuss and learn more about lightning!

Ask your questions about lightning

Provide reviews, feedback, comparisons of LN apps, services, websites etc

Learn about new LN features, development, apps

Link to good quality resources (articles, wikis etc)

Resources:

Here is an awesome list of resources compiled by Jameson Lopp: https://www.lopp.net/lightning-information.html
Want to test out your lightning fire power? tip the Bitcoin devs! https://bitcoindevlist.com/
Previous threads: Search
Lnbook getting closer towards being finished and can already be seen at: https://github.com/lnbook/lnbook
Lightning Dedicated YouTube Channel: https://youtube.com/renepickhardt
Also there is the playlist by chaincode labs: https://youtube.com/playlist?list=PLpLH33TRghT17_U3as2P3vHfAGL8pSOOY
Lightning stores: https://www.lightningnetworkstores.com/
Learn more and talk about lightning right here in r/Bitcoin, r/bitcoinbeginners, r/thelightningnetwork, and the r/Bitcoin chat

Submitted July 28, 2022 at 01:09AM by rBitcoinMod https://ift.tt/5B21jFo https://ift.tt/JWdX3wi

Finder’s Experts See ‘Fairly Bright Future’ for Binance Coin — Predict BNB Reaching $781 by 2025 and $1,814 by 2030

A panel of crypto industry experts “sees a fairly bright future ahead” for Binance coin, predicting bnb to rise to $781 by 2025 and $1,814 by the end of 2030. One expert explained that “Since the bnb chain ecosystem continues to grow, the price may reach as high as $3,000 in 2030.”

BNB’s Price Predictions

Price comparison portal Finder updated its binance coin (BNB) price predictions Monday. The company explained that earlier this month, it surveyed a “panel of 54 industry specialists to give their predictions on binance coin’s price between now and 2030.”

Finder detailed:

Our panel thinks Binance coin (BNB) will be worth $274 by the end of 2022 before rising to $781 by 2025.

The panel also expects binance coin’s price to continue to grow, “surging to $1,814 by the end of 2030.”

At the time of writing, BNB is trading at $265.71, up 3.4% in the last 7 days and 14.5% in the last 30 days, based on data from Bitcoin.com Markets. Binance coin is the world’s fifth-largest cryptocurrency by market capitalization.

Ben Ritchie, the managing director of Digital Capital Management and one of the experts on the panel, “is bullish on BNB, expecting the coin’s value to hit $300 by the end of the year,” Finder noted.

“The price of BNB also follows the demand and supply. BNB introduced a burn mechanism in every transaction fee and conducted quarterly burns, making it a deflationary asset,” Ritchie described. “BNB Chain also plans to support a layer 2 chain within the network, which can be helpful in the future as they may suffer the same gas fees issues as Ethereum.” He elaborated:

Since the BNB chain ecosystem continues to grow, the price may reach as high as $3,000 in 2030.

The experts were also asked whether it is time to buy, sell, or hold binance coin right now. Finder noted:

While the panel sees a fairly bright future ahead for BNB, just 20% say it’s time to buy. The majority (50%) of the panel say it’s worth holding onto your BNB, with a further 30% advising sell.

The panel includes university directors, crypto exchange executives, crypto research analysts, and executives of various firms with crypto-related products.

Finder’s experts also recently made predictions about several other cryptocurrencies, including bitcoin (BTC), ether (ETH), cardano (ADA), and solana (SOL). In May, the panel predicted the death of the meme cryptocurrency shiba inu (SHIB).

What do you think about the expert panel’s Binance coin (BNB) predictions? Let us know in the comments section below.

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The Web 3․0 Winter Is Coming: Bucking the Trend With Karmaverse Zombie

A crypto winter has come. With BitCoin (BTC) falling over 70% from its all time high along with Ethereum, and a steady drumbeat of news involving crypto-related funds, companies, and projects collapsing, it is clear that the last round of cryptomania has come to a close. Even juggernauts of GameFi such as Axie Infinity (and its AXS coin) have seen prices tumble; without an endless flow of new money, only those with sustainable business models will survive.

Against the Current: Karmaverse Zombie

In this kind of bear market, GameFi faces unprecedented headwinds and negative sentiment, but there are also new projects full of opportunities. However, Yield Guild Games SEA (YGG SEA) has moved thousands of players from Axie Infinity to Karmaverse Zombie, with other leading guilds including Path DAO, Ola GG, and Avacado also showing their confidence in the future of the project by establishing themselves and investing their time and effort.

Investment Backing for Stability

Karmaverse Zombie is the first blockchain game in the Karmaverse, and the first step into a larger ecosystem that will allow its tokens and NFTs to be used across a variety of games. This means its potential extends far beyond the current downturn, and is part of a long-term vision shared by investors including A&T Capital, Polygon Studios, OKX, and others. This backing provides stability and demonstrates the commitment to the game and the larger metaverse it will be a part of by its many stakeholders.

The Web 3․0 Winter Is Coming: Bucking the Trend With Karmaverse Zombie

Over 10K New Players Every Month

This design decision has helped Karmaverse Zombie to rapidly grow its userbase, despite the overall bear market for GameFi. Currently, there are over 50,000 active players, with a 30 day retention rate of 94% and a 60 day retention rate of 86%. This demonstrates the power of the PAE model for retaining players and creating a sustainable growth model, and has allowed Karmaverse Zombie to continually expand its userbase.

Top 3 Most Active Game on Polygon

Based on DappRadar’s data, Karmaverse Zombie is already ranked 3rd by number of users on the Polygon Chain. As the crypto winter freezes out fair-weather projects, the resilience and strength of those built on sound foundations will prove itself.

Stable Growth in Token Value

With a growing base of active players, the price for Karmaverse Zombie’s primary tokens of Knots and Serum has been steadily growing over time. This growth is based on real player engagement, and showcases that the value of the tokens is grounded not in wild speculation amid hopes of quick, short-term returns, but is a reflection of actual players enjoying the game and investing their time and money and getting value in return. The steady rate of return provided by the game’s tokens, especially Knots, demonstrates how the PAE mindset provides growth and a high RoI even during a bear market.

Putting Players and Gameplay First

While the Karmaverse will eventually span across multiple genres of games, Karmaverse Zombie has the distinction of being the world’s first Play and Earn (PAE) game. While Play 2 Earn (P2E) games have been the focus, PAE shifts the focus to gameplay and fun, allowing players to earn as a natural extension of engaging gameplay, rather than the gameplay simply being a chore to execute in order to receive the payoff. PAE games are games first and foremost, with the growth in their value being a result of being playable and retaining players rather than raw speculation.

The team behind Karmaverse Zombie has extensive experience in creating games with longevity, having created the successful mobile strategy games Kings of Avalon and Guns of Glory. Karmaverse Zombie combines the casual gameplay of match-3 and the social, player-driven experience of strategy games into a single quality game that both casual and hardcore players can enjoy. If players would play a game even without token and NFT rewards, allowing them to earn money as they play is a positive innovation in the gaming and crypto industry that creates sustainable growth.

With broadly appealing gameplay and a solid economic model, Karmaverse Zombie is a game designed to last, with an exceptionally long lifecycle designed to reward both early adopters as well as welcome new players. No matter when a player begins their journey, as long as they have a few basic NFT resources, they will have the opportunity to earn NFTs and tokens, enjoying good rates of return. Unlike many P2E games based on rewarding only those who get in on the ground level at the expense of latecomers, Karmaverse Zombie is a PAE game that wants to reward all players and ensure everyone who joins has a chance to earn, ensuring the game can grow long into the future.

New Ways to Play in an Expanding Ecosystem

In the four months since Karmaverse Zombie went live, new events and features have been continually added to the game, improving the player experience, balance, and new ways to earn rewards through engaging gameplay. For example, in additional to regular seasons and ladders, new monthly challenges, tournaments, and double rewards for incubating new fighters have been added, allowing players to both play more and earn more.

This is only the beginning. New games will be continuously added to the Karmaverse, with some tokens being transferable across games. In addition, veteran players can receive special NFTs including Karmaverse Avatars that can be used across the platform, which may confer special bonuses in different games.

Over the long term, the crypto market may go through more boom and bust cycles. The only way to ensure long-term viability is through creating products that truly meet the needs and wants to players. When players want to play and encourage their friends to do so, the game and its players will be able to enjoy a healthy ecosystem powered by themselves, not by investors seeking a quick buck in the latest craze. The Karmaverse’s long-term vision is of a game ecosystem powered by players for players, with everyone able to contribute, playing, enjoying- and earning.

This is a sponsored post. Learn how to reach our audience here. Read disclaimer below.

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Bitcoin enters this decisive level as FUD rules over crypto market - AMBCrypto

A sentimental shakedown. The bears were in full control over the weekend and pushed down the asset. But 25 July saw a major dip as Bitcoin crashed ...

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after i sell, i receive this 🤔

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Submitted July 27, 2022 at 10:33PM by Johndrc https://ift.tt/e23LqEl https://ift.tt/JWdX3wi

Daily Discussion, July 28, 2022

If you don't get an answer to your question, you can try phrasing it differently or commenting again tomorrow.

Join us in the r/Bitcoin Chatroom!

Please check the previous discussion thread for unanswered questions.

Submitted July 28, 2022 at 12:07AM by rBitcoinMod https://ift.tt/HFEqmvb https://ift.tt/JWdX3wi

The Web 3․0 Winter Is Coming: Bucking the Trend With Karmaverse Zombie

Against the Current: Karmaverse Zombie

Investment Backing for Stability

The Web 3․0 Winter Is Coming: Bucking the Trend With Karmaverse Zombie

Over 10K New Players Every Month

Top 3 Most Active Game on Polygon

Stable Growth in Token Value

Putting Players and Gameplay First

New Ways to Play in an Expanding Ecosystem

This is a sponsored post. Learn how to reach our audience here. Read disclaimer below.

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Wednesday, July 27, 2022

Report: Just Over Half of South Africans Have Little to Zero Knowledge About Cryptocurrencies

About 53% of South Africans have little to no knowledge about cryptocurrency, while only 14% thought or felt they had a better understanding of the subject, a report has said. Nearly half of the respondents said they would only invest in cryptocurrency if or when their respective banks are involved.

South Africans Weigh In on Crypto Knowledge

According to the findings of Merchant’s consumer survey study, just over half of South Africans (53%) have little to zero knowledge about cryptocurrency. The study also found that out of the surveyed South Africans, only 14% believed they had a strong hold on the subject of cryptocurrencies. Some 23% of the respondents said they were “neutral.”

As per a report by IOL, young people aged between 18 and 24 were likely to be more knowledgeable about cryptocurrencies than those aged 25 and above. The results of this study appear to back the findings of an earlier research study which said only 11.3% of South Africans are cryptocurrency owners or holders.

A study by Kucoin, on other hand, found that as many as 7.6 million South Africans, or 22% of the country’s adult population, are crypto holders.

Real Opportunity for Banks

Commenting on the survey’s findings, Matt Conn, the group chief revenue officer at Merchants said:

There is a real opportunity for banks to get involved in cryptocurrency as it begins to really take off on the continent, rather than waiting until it is more established – by when consumers are likely to have a preferred platform or partner who they have built that trust with.

Meanwhile, the IOL report states that Merchant’s consumer study also found that more South Africans are likely to embrace cryptocurrencies should traditional banks become involved. Nearly half of the respondents reportedly said they would consider investing in cryptocurrencies if and when their respective banks start offering this service.

What are your thoughts on this story? Let us know what you think in the comments section below.

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Simple Math and Bitcoin-Generational Wealth with Cryptocurre - Amazon Music

How can you invest enough to buy one bitcoin? The math is pretty simple when you break it down for DCA investing. In this week's episode I look at ...

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Central African Republic's digital coin goes public, after bitcoin given the green light to be used as reserve asset

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Submitted July 26, 2022 at 07:09PM by pyritejet https://ift.tt/1jWHV5N https://ift.tt/lGd1VM3

Bitcoin & Ethereum Funding Rates Signal Continued Bullishness Despite Recent Selloff

Funding rates in the market for bitcoin (BTC) and ethereum (ETH) perpetual futures contracts reveal that most crypto derivatives traders continue ...

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Crypto Market Falls Below $1 Trillion, down from $3 trillion high

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Submitted July 26, 2022 at 07:44PM by chuloreddit https://ift.tt/rR6b01d https://ift.tt/lGd1VM3

Daily Discussion, July 27, 2022

If you don't get an answer to your question, you can try phrasing it differently or commenting again tomorrow.

Join us in the r/Bitcoin Chatroom!

Please check the previous discussion thread for unanswered questions.

Submitted July 27, 2022 at 12:03AM by rBitcoinMod https://ift.tt/ShPyKHZ https://ift.tt/lGd1VM3

Tuesday, July 26, 2022

Why I'm Buying Bitcoin – Especially Now - Articles - Advisor Perspectives

Bitcoin has been misbehaving in other ways. The top crypto asset by market cap has not had a weekly close below its 200-week simple moving average ...

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Bitcoin, Ethereum shed gains before looming Fed interest rate hike - CryptoSlate

Bitcoin has lost around 4% of its value in the last 24 hours and its market cap has declined to around $420 billion.

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TA: Bitcoin Price Turns Red, Why BTC Could Extend Losses - NewsBTC

Bitcoin started a fresh decline below the $22000 support against the US Dollar. BTC is declining and might extend losses below the $20500 support ...

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Salary in bitcoin - Pixstory

The Inter-Miami CF (IMCF) Major League Soccer (MLS) star Kieran Gibbs has announced the he plans to convert half of his salary into bitcoin.

from Google Alert - Bitcoin https://ift.tt/nOqwSK6

How many of you guys have done this?

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Submitted July 25, 2022 at 11:31PM by jyorge_maccaline https://ift.tt/zQAyIdK https://ift.tt/L8Rsvzm

Tesla Hit With $170 Million Impairment Charge on Bitcoin Holdings - CryptoPotato

Accounting rules mean the company must face impairment charges on any decrease in the value of Bitcoin, no matter how short-lived.

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The 10 Public Companies With the Biggest Bitcoin Portfolios - Decrypt

Firms including MicroStrategy, Tesla and Coinbase have purchased billions of dollars worth of Bitcoin between them.

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Tesla Reveals Bitcoin Holdings Worth $222 Million in Latest SEC Filing.

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Submitted July 25, 2022 at 07:00PM by Tatakae69 https://ift.tt/hQC1swg https://ift.tt/L8Rsvzm

Daily Discussion, July 26, 2022

If you don't get an answer to your question, you can try phrasing it differently or commenting again tomorrow.

Join us in the r/Bitcoin Chatroom!

Please check the previous discussion thread for unanswered questions.

Submitted July 26, 2022 at 12:00AM by rBitcoinMod https://ift.tt/0eRAQF2 https://ift.tt/L8Rsvzm

Monday, July 25, 2022

Bitcoin poker websites | Profile

Netent casino bonus codes 2022. The fundamental bitcoin poker is a 5 card draw established game, where every player who has gamble to the pot is given ...

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Hoping none of you degens are using the crypto casino ads I keep seeing on Reddit.

After everything the market has been through since November, it feels almost like a slap in the face to see these casinos being advertised on Reddit. Just the wording with some of them being something like, "If you invested in Bitcoin, why not gamble here?" Fuck the fuck off.

The only bet I'd make is saying anyone that 'wins' in those casinos are gonna be unable to pull 'their' money out. Do I have proof, no but I mean gestures generally towards Roobet's shadyness and the scams that proliferate everyday around here

Makes me appreciate the power of ad blockers because I don't see these in my browsers but I do in the app. It sucks if you're a person with zero self control, down 70%, then try literally gambling what you have at a shaddy website thinking you can 'make it back'. Nah friend, reminder today is the house will always win in that situation...

Submitted July 24, 2022 at 09:51PM by Mr_bike https://ift.tt/RZP2bwe https://ift.tt/NCuGE3h

Bitcoiners who've really researched this, is there a simple way to take custody without a hardware device?

Or if not, where is a dead-simple tutorial on taking custody?

Submitted July 24, 2022 at 04:02PM by Ja878son https://ift.tt/PwoziCe https://ift.tt/NCuGE3h

Survivability in Times of Crisis, Internet Outages and Cyber Warfare – Bastyon Inventor Explains

Bastyon is a social platform that combines elements of Youtube, Twitter and Torrent; it is closing in on half a million users and growing fast. Bastyon is built on the premise that social media should be Web 3.0, decentralized with an open-source code, distributed node infrastructure and no corporate entity to control it, like the Bitcoin model. In Bastyon the users enjoy the content and moderate that content based on transparent rules, while bloggers and node operators earn Pocketcoin (PKOIN).

Daniel Satchkov is the inventor of Bastyon. He recently rejoined the Bitcoin.com News Podcast to talk about topics such as protecting online privacy, censorship resistance and how to build for survivability in times of crisis, internet outages and cyber warfare.

Daniel worked and published in the fields of quantitative finance and machine learning. In 2015 he was a winner of the prestigious Peter L. Bernstein award for the article in the Institutional Investor Journals. Daniel’s mission in inventing the Bastyon was to ensure that people can govern their own communication without arbitrary censorship from large corporations. Daniel is fascinated by the potential of Bitcoin to help secure human freedom of choice and to disrupt not just finance, but many other quasi-monopolistic industries.

This is the link to the big supplement site that started accepting Pocketcoin as mentioned in the podcast.

Bastyon can be accessed on Bastyon.com, but the most censorship resistant way is to use the Bastyon desktop app, which can be downloaded here: https://bastyon.com/applications

You can listen to Daniel’s previous appearance on the podcast here.

The Bitcoin.com News podcast features interviews with the most interesting leaders, founders and investors in the world of Cryptocurrency, Decentralized Finance (DeFi), NFTs and the Metaverse. Follow us on iTunes, Spotify and Google Play.

This is a sponsored podcast. Learn how to reach our audience here. Read disclaimer below.

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When Will Bitcoin Form A Bottom? - Publish0x

When Will Bitcoin Form A Bottom? ... One of the top 5 most crucial questions people across the financial markets are asking now, and we will not attempt ...

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Daily Discussion, July 25, 2022

If you don't get an answer to your question, you can try phrasing it differently or commenting again tomorrow.

Join us in the r/Bitcoin Chatroom!

Please check the previous discussion thread for unanswered questions.

Submitted July 25, 2022 at 12:03AM by rBitcoinMod https://ift.tt/dG2S1RK https://ift.tt/NCuGE3h

Sunday, July 24, 2022

Bitcoin 'Back With A Vengeance' - Crypto Liquidity Crisis Is Over, Citi Report Suggests

Bitcoin could be seeing the proverbial light at the end of the tunnel, at least that's what a major American multinational investment bank is ...

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Elon Musk's Tesla 'Certainly Open To Increasing Its Bitcoin Holdings' As DOGE Gains Edge

Tesla has sold the majority of its bitcoin holdings. The electric car manufacturer founded by Elon Musk now holds only $218 million worth.

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How does bitcoin offer your advantages over other modes of payment? - Concept Phones

The evolution of bitcoin is marked by the arrival of bitcoin ATMs, advanced cryptocurrency exchange and a better trading system. Let's discuss the ...

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Bitcoin on Twitter: "It appears #Bitcoin is seeing a lengthening of cycles due to a growing market ...

It appears #Bitcoin is seeing a lengthening of cycles due to a growing market cap which leads to a lower ROI per cycle. Or, there might just be ...

from Google Alert - Bitcoin https://twitter.com/bitcoin/status/1464779094244089859?lang=ha

Bitcoin Price Activity Causes Whales to Re-think Portfolio Allocation - BSC News

Bitcoin investments by prominent crypto whales suffer severe losses as the market has not recovered from the bearish shock that started in early ...

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Audius Community Treasury Hacked for ~18.5M AUDIO Tokens. $6M Worth of Stolen Tokens Dumped for Just $1.1M, Due to High Slippage on Uniswap

About Audius Project:

Audius is a decentralised music streaming service, built on POA Network, an Ethereum sidechain, and later moved some services to the Solana blockchain. It lets artists upload their tunes to the app and connects fans directly with artists and exclusive new music.

Hack Recap:

The attacker called the "initialize" function in the Audius governance contract to modify configurations (through re-initialization) such as "voting period", "execution delay", and "guardian address".

The attacker created and passed a malicious governance proposal to transfer out 18.5M AUDIO tokens from the community treasury.

The Proposal:

https://preview.redd.it/om7o9bkr5gd91.png?width=995&format=png&auto=webp&s=f3562bff0ba12904449cb28c53c3961cef4df0d4

Then, they successfully swapped these $6M worth of tokens on Uniswap for only $705 ETH (~$1.1 Million), due to high slippage.

Audius Team Response:

The issue has been found and fixes are in progress to get things back to a stable state. To prevent further damage, all Audius smart contracts on Ethereum had to be halted, including the token. We do not believe any further funds are at risk. More updates / post-mortem soon. While these fixes are being completed, token balances, transfers, etc will be temporarily unavailable

The Stolen funds are currently at this address:

0xa0c7BD318D69424603CBf91e9969870F21B8ab4c

Submitted July 24, 2022 at 12:11AM by SurenRongyao https://ift.tt/wlBKhC2 https://ift.tt/ZMsm0Wq

Daily Discussion, July 24, 2022

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Please check the previous discussion thread for unanswered questions.

Submitted July 24, 2022 at 12:05AM by rBitcoinMod https://ift.tt/ROlVKIn https://ift.tt/ZMsm0Wq

Why are you a bitcoin maximalist?

I'm trying to understand the mentality of a maximalist and why does a person decide to become one. If you're a maximalist yourself, please share your point of view about this.

Submitted July 23, 2022 at 09:33PM by Darken-kun https://ift.tt/is2VqOb https://ift.tt/ZMsm0Wq

Saturday, July 23, 2022

What is the difference between DecimalChain and Bitcoin - California Business Journal

Bitcoin is considered the most popular cryptocurrency at the moment among all existing virtual assets. The work of Bitcoin is based on the use of ...

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Impending Lows Market Participants Explain What To Anticipate From Bitcoin In The Near Future

Bitcoin never ceases to amaze us. He said that his prediction would fall “middle” of what the market participants anticipate. However, renowned ...

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Bitcoin Balance On Exchanges Soars, BTC Price Displays Weakness - NewsBTC

Bitcoin has been unable to break above key resistance levels at around $23000, and seems poised for a re-test of lower levels.

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Californians can soon use cryptocurrencies to donate to state and local candidates

The Fair Political Practices Commission voted Thursday to approve new rules allowing donations of digital currencies such as bitcoin.

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Beyond Bitcoin: Economics of Digital Currencies and Blockchain Technologies - NYU Stern

Over the last few years, we have witnessed an upsurge of enthusiasm about cryptocurrencies and, more generally, the so-called blockchain ...

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Blockbuster Is Back From the Grave… And Selling NFTs?

https://ift.tt/ptBifCe

Submitted July 22, 2022 at 09:48PM by XnoonefromnowhereX https://ift.tt/0fhdvBY https://ift.tt/WxYzvnC

Daily Discussion, July 23, 2022

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Please check the previous discussion thread for unanswered questions.

Submitted July 23, 2022 at 12:02AM by rBitcoinMod https://ift.tt/dzi7Eh9 https://ift.tt/WxYzvnC

Friday, July 22, 2022

Brazil crypto exchange Mercado Bitcoin to expand into Mexico this year, says CEO - WTVB

By Paula Arend Laier SAO PAULO (Reuters) - SoftBank-backed Brazilian crypto exchange Mercado Bitcoin is set to enter the Mexican market by the end ...

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Tesla ditches 75% of Bitcoin holdings • The Register

Tesla jettisons 75% of Bitcoin holdings, boosting cash balance by $936m. Estimates suggest it could take a $460 million hit on the exchange. Lindsay ...

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scammer sent me a seed phrase with $1k usdt (trc20)

I got curious and took a look. I can see how the scam works but it looks like they're still taking a risk.

It requires 17 tron to withdraw the usdt (trc20) balance, and I can see that they clearly have a bot that automatically withdraws the tron balance before it can be used to transfer out the usdt.

But how can they be so confident that someone else wouldn't make a bot to do this faster? Not to mention it doesn't seem very lucrative. They're only making about $1 per person they scammed.

I suspect it's against the rules to give out the seed phrase here, but it's a scam anyways. Just curious how they can be so confident that someone won't build a faster bot.

If anyone wants to see the scammers address it's TJzPf3sJ9UaqHPdcu9Jzia6dCVCMpMAvtb

Edit: Tried staking a balance that was deposited before the bot withdrew it. Can confirm its multisig

Submitted July 21, 2022 at 03:32PM by Squeezitgirdle https://ift.tt/2mcVWwZ https://ift.tt/WxYzvnC

Bored Ape Investor Loses 100ETH In A Joke Gone Wrong, Loses Another 1.9ETH Unsuccessfully Trying To Convince Seller To Reverse Transactions

https://ift.tt/ShJVL4G?

Submitted July 21, 2022 at 11:25PM by XnoonefromnowhereX https://ift.tt/93yT1bo https://ift.tt/WxYzvnC

Daily Discussion, July 22, 2022

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Please check the previous discussion thread for unanswered questions.

Submitted July 22, 2022 at 12:05AM by rBitcoinMod https://ift.tt/xirMFA3 https://ift.tt/20gKzd9

Bitcoin Slump to Weigh on Tesla Earnings - Wall Street Journal

Tesla Inc. invested in bitcoin in early 2021. Now, the slump in cryptocurrency markets is expected to saddle the auto maker with a ...

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Thursday, July 21, 2022

Telsa Sells 75% of Its Bitcoin Holdings, Adds $936M to Its Books - PYMNTS.com

Tesla has converted 75% of its bitcoin purchases into fiat currency in Q2, the company said, adding $936 million in cash to the balance sheet.

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Bitcoin Can Become Untraceable. - Reason Magazine

Bitcoin's creator designed it to be radically transparent, but the tools exist to make it as hard to trace as cash.

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BTC wallet #3 now has 0 BTC

What used to be BTC #3 wallet only last week now has 0 (ZERO) coins left. Looks like they were sent to Coinbase. And now we also know that Tesla offloaded 75% of its BTC holdings. Interesting times

Edit: according to https://twitter.com/ki_young_ju/status/1549971298767572999?s=21&t=_x04JDFNqnfCDhtuZZR_mw the coins were just moved to a new address. Old #3 wallet is here. The new address for these coins is here. Seems to match. Thanks @The_Cybermonkey for pointing it out.

Submitted July 20, 2022 at 11:18PM by FancyCoolHwhip https://ift.tt/5pefTh7 https://ift.tt/20gKzd9

Fell for a scam

My dad started “investing/trading” without asking me anything and I’ve been doing this since like 2017 so I know the horror stories the scams and the ups and downs.

Ok so long story short I’m pretty sure my dad fell for a scam. He is old in his 60s and started trading crypto binary options and was “making money”.

Then he bought some coin that I told him was probably fake and he was obligated to hold onto it for 14 days before selling. He got the coin below market value if he invested a certain amount. He said they called this a subscription.

When he tried to sell it they told him he had to send x amount to a Wallet address to pay taxes for the IRS.

He was having these conversations over whatapp.

Like if he just asked me I would have told him not to risk it and it’s all a scam… pretty sure the app was fake as well and used the name coinpost but when I googled it coinpost is simply a Japanese website/app for crypto news and not an an exchange…

Pretty sure all his money is gone. He told me he was able to withdraw 5k to his CDC wallet and sell it and withdraw fiat to his bank. I told him this was probably a plow for them to convince him the system worked so he would invest more money.

Tl:dr pretty sure dad got scammed out of 100k plus

Submitted July 20, 2022 at 10:02PM by WhoamI_IDK_ https://ift.tt/sOgbZK5 https://ift.tt/20gKzd9

Leave Elon alone. He used bitcoin exactly how it is intended and he is welcome back anytime.

It’s a free market. You can buy or sell bitcoin for any reason, that’s your business. Honey badger don’t care. Bitcoin is freedom.

Submitted July 20, 2022 at 11:24PM by bearCatBird https://ift.tt/9RfAXI7 https://ift.tt/20gKzd9

Register Here for a Weekly Update on African News

The African continent may not be the biggest crypto/blockchain market yet but the growing adoption of the technology illustrates that this will likely be a key market in the future.

For instance, instead of being seen or used as a tool for speculative trading, crypto is proving to be a more convenient and cheaper way of sending remittances.

In countries whose economies have been devastated by inflation, cryptocurrencies are an alternative way of storing value. As more people on the continent understand these attributes of cryptocurrencies and the underlying technology, their demand for digital assets also increases.

As policymakers from other jurisdictions work on finding ways to stop or slow the adoption of this fintech, it becomes imperative that the African crypto story gets told more frequently. Bitcoin.com News has been one of the media platforms to regularly cover stories, events and individuals making a difference in Africa crypto’s space.

Now, in addition to regular African posts, Bitcoin.com News is launching a weekly newsletter which essentially recaps all the major crypto and economic news from the continent. Readers interested in keeping tabs on African events can do so by subscribing to the newsletter via the sign-up link below.

Register your email here to get a weekly update on African news to your inbox:

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Daily Discussion, July 21, 2022

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Join us in the r/Bitcoin Chatroom!

Please check the previous discussion thread for unanswered questions.

Submitted July 21, 2022 at 12:00AM by rBitcoinMod https://ift.tt/efwWTiX https://ift.tt/cMH7D8s

Wednesday, July 20, 2022

China: CCP tanks protecting Banks because the Bank of China (Henan branch) declared that "people's savings in their branch are now 'investment products' and can't be withdrawn".

https://ift.tt/uSTza3s

Submitted July 20, 2022 at 01:08AM by Picoton https://ift.tt/eaDqzTl https://ift.tt/cMH7D8s

Daily Discussion, July 20, 2022

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Submitted July 20, 2022 at 12:07AM by rBitcoinMod https://ift.tt/fXhZtlL https://ift.tt/cMH7D8s

Financial Superintendence of Colombia Presents Project to Regulate Crypto Service Providers

The Financial Superintendence of Colombia presented a project that seeks to bring clarity to how links between banks and virtual asset service providers (VASPs) will be handled in the future. The document defines certain key concepts and determines a set of prerequisites that banks need to verify before accepting virtual asset service providers as customers.

Virtual Asset Service Providers to Be Regulated in Colombia

Regulation is becoming a key goal for countries in Latam, where cryptocurrency adoption is growing at significant rates. Now, the Financial Superintendence of Colombia has presented a document that seeks to establish norms regarding the requirements cryptocurrency exchanges and custody providers must meet to be serviced as customers by banks. The project defines key concepts such as virtual asset service providers (VASPs), and virtual assets in the scope of the regulation.

In the same way, it establishes that virtual asset service providers will have to be connected to the UIAF, the financial intelligence office of Colombia, and have a plan of action to deal with money laundering and terrorism financing attempts that might potentially be made using their platform.

The project also makes an indirect reference to compliance with the travel rule promoted by the Financial Action Task Force (FATF). It states banks must verify these VASPs have:

The technological and operational capacity to monitor transactions with virtual assets, as well as to obtain, preserve and transmit the information of the originator and the beneficiary of each transaction.

More Requirements

The proposal establishes that the VASPs will have to be able to present clear information to their customers about the services they offer and the risks associated with these services, the costs associated with these services, and the virtual assets present on their platforms.

VASPs will also have a plan to deal with operational and cybersecurity-related risks to handle possible hacks or platform problems that might affect how their services are delivered to their customers. Also, banks will have the obligation to separate their responsibilities from those of VASPs, telling customers that only they and these platforms are responsible for VASP-related problems.

The proposal also establishes restrictions regarding investments. It states:

The supervised entities authorized to capture resources through deposit products or funds must ensure that the operations of deposit and withdrawal of resources in financial products of deposit or funds in the name of a VASP are carried out only through non-face-to-face channels.

The proposal is still in the discussion stages, and the Financial Superintendence will receive suggestions about it until August 12.

What do you think about the VASP regulation proposal in Colombia? Tell us in the comments section below.

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BTC Skyrockets to $23K, Here's the Next Target if Bulls Maintain Momentum (Bitcoin Price Analysis)

Bitcoin's rapid downtrend has halted, as the price has been hovering above the $17K-$20K area over the past few weeks.

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Ignore The Unproductive Central Planners And Use Bitcoin | ZeroHedge

Bitcoin mining provides many avenues by which energy producers can begin to pry themselves away from the unproductive class wielding the money printer ...

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Bitcoin price holds $23.5K, leading bulls to say ‘it’s different this time’

https://ift.tt/KWM3FB0

Submitted July 19, 2022 at 09:39PM by Clash_My_Clans https://ift.tt/U0vglCL https://ift.tt/cMH7D8s

Tuesday, July 19, 2022

Dubai Regulator Grants Crypto Trading App OKX License to Extend Services in the UAE

The Seychelles-based crypto trading app, OKX, recently became the latest virtual assets service provider to be granted a provisional licence to provide its services in the United Arab Emirates (UAE). The provisional licence allows OKX to extend certain exchange products and services to pre-qualified investors and financial service providers.

OKX Allowed to Extend Certain Exchange Products

The Dubai digital asset regulator, the Virtual Assets Regulatory Authority (VARA), recently granted the Seychelles-based crypto trading platform OKX a “provisional virtual assets license to provide services to qualified investors in the UAE.”

According to a statement released by OKX, this license “allows it to extend certain exchange products and services to pre-qualified investors and financial service providers.” Remarking on the VARA’s decision to grant the provisional license, OKX general manager for Dubai, Lennix Lai said:

The MENA region is one of the fastest-growing markets for our industry, and we are very excited to be at the heart of this thriving ecosystem. OKX looks forward to contributing meaningfully to the free exchange of ideas that is going to be so important to the development of this space while innovating for the future in a regulated framework.

In the statement, OKX said it is committed to helping build the necessary infrastructure as well as its team in the United Arab Emirates (UAE). OKX added that it will also participate in the VARA regulatory ecosystem “by facilitating research and knowledge sharing with the goal of making Dubai a leading hub for the global virtual assets industry.”

Dubai a Top Hub for Crypto Industry

Since its establishment earlier this year, VARA has granted provisional approvals or licenses to cryptocurrency exchange platforms that range from Binance to the Bahrain-based Coinmena. According to Tim Byun, the Global Government Relations Officer at the OK Group, by granting OKX the provisional license VARA has once again proved that it is “one of the top global hubs for the industry.”

The provisional license is also a reflection of the UAE’s leadership in nurturing the future global economy, Byun added.

What are your thoughts on this story? Let us know what you think in the comments section below.

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ERCOT conservation request doesn't affect Fort Worth's bitcoin mining operation

ERCOT's request for energy conservation caused some bitcoin miners to curtail operations but it didn't affect mining at Fort Worth City Hall.

from Google Alert - Bitcoin https://ift.tt/E028lgA

I was stupid enough to lend my BTC to Celsius. My plan is to assimilate 30-50 plaintiffs and bring a “mass action” against Mr. Mashinsky to recover under the D&O insurance policies. Anyone interested?

https://ift.tt/emRMHWa

Submitted July 19, 2022 at 01:04AM by flylikelucyinthesky https://ift.tt/o18kRLD https://ift.tt/4rmtNwC

Expect sluggish Bitcoin [BTC] hashrate growth in 2022 unless... - AMBCrypto

Bitcoin mining operations across the globe took a huge hit in 2022. Specifically, miners are seeing their profit margins dwindle...

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Andorra gives the green light to Bitcoin

https://ift.tt/jzdUeH9

Submitted July 18, 2022 at 09:10PM by WillianBo https://ift.tt/LIsmT0E https://ift.tt/4rmtNwC

Leading Auction House Christie’s Launches Web3 and Fintech Venture Arm

On Monday, Christie’s, the leading British auction house founded 256 years ago in 1766, announced the launch of a new venture fund called Christie’s Ventures. According to the announcement, the company’s venture arm plans to focus on “[Web3] innovation, art-related financial products and solutions, and technologies that enable seamless consumption of art.”

Christie’s Ventures to Foster ‘Web3 Innovation, Art-Related Financial Products’

The British auction house Christie’s has revealed a new venture fund that aims to support “emerging technology and fintech companies.” The firm said that it plans to work in unison with its portfolio startups in order to accelerate growth and push Christie’s activities into innovative directions.

“Christie’s Ventures will start by exploring three broad categories,” the company said on July 18. “[Web3] innovation, art-related financial products, and solutions and technologies that enable seamless consumption of art.”

With premises located in London, New York City, and Hong Kong, Christie’s is the largest second-largest auction house in terms of auction turnover behind Sotheby’s and above the auction firm Phillips and China Guardian.

Christie’s has been into digital currency and blockchain solutions for some time now. In September 2020, the auction house sold the first bitcoin artwork ever when Christie’s presented Block 21 of “Portraits of a Mind.”

The following year, the auction house accepted bitcoin (BTC) for a painting worth $6 million. The painting was crafted by Keith Haring and sold at Christie’s “20th/21st century” sale in London.

For some time now, Christie’s has been auctioning blue-chip non-fungible tokens (NFTs) and was the auction house behind Beeple’s “Everydays: The First 5,000 Days” NFT that sold for $69.34 million. Christie’s has been behind auctions featuring Cryptopunks, Meebits, and Bored Ape NFTs, alongside a full set of NFT Curio Cards.

In addition to Christie’s, auction house competitors Sotheby’s and Phillips have stepped into the crypto and NFT space as well. As far as Christie’s new venture arm is concerned, the auction house’s first portfolio company is a startup called Layerzero Labs.

According to Christie’s, “Layerzero is a cross-chain interoperability company with a strong vision and business model within a broad addressable market. The company reduces friction in a client’s ability to move assets between blockchains.”

Christie’s press release highlights that the company has been involved with technological innovation for years now and was one of the first international auction house companies to offer online auctions.

“Christie’s multi-site auction live streaming, augmented reality tools, support for NFT digital art, and award-winning digital marketing has made the business more accessible and resilient,” the company said on Monday.

“As a global leader in the art market, Christie’s has both an incentive and a responsibility to further innovation and deepen experiences for our clients,” Ben Gore, Christie’s chief operating officer said in a statement. “The intersections of technology and financial products are increasingly relevant and prevalent, and we believe strongly in the opportunities ahead.” Gore added:

For the companies we select to work with, as well as for our clients, the Christie’s Ventures value proposition combines the power of our brand and capital together with our network and expertise; it is another example of the formidable Christie’s advantage.

Christie’s follows the launch of “Sotheby’s Metaverse” which was launched in October 2021 and featured artists like Paris Hilton after the platform opened. The newly appointed global head of Christie’s Ventures, Devang Thakkar, believes the auction house is in a good position to provide growth to technologically innovative ideas and startups.

“Our leadership has provided us with an excellent vantage point thus far and the launch of Christie’s Ventures will allow us to develop further and faster with entrepreneurs who have a strong track record of building great products and companies,” Thakkar remarked during the announcement.

What do you think about the newly launched Christie’s Ventures? Let us know your thoughts about this subject in the comments section below.

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Daily Discussion, July 19, 2022

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Join us in the r/Bitcoin Chatroom!

Please check the previous discussion thread for unanswered questions.

Submitted July 19, 2022 at 12:01AM by rBitcoinMod https://ift.tt/dnNZYf9 https://ift.tt/4rmtNwC

Monday, July 18, 2022

Track Me If You Can — How Bitcoin Forward-Looking Anonymity Sets Work

A Whirlpool CoinJoin is just like any other bitcoin transaction, made up of inputs and outputs. However each input is provided by a different bitcoin ...

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Daily Discussion, July 18, 2022

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Submitted July 18, 2022 at 12:09AM by rBitcoinMod https://ift.tt/FxNfPeq https://ift.tt/pkAnmN1

Bitcoin Price Prediction for Today, July 17: BTC Continues Consolidation Phase Above ...

Bitcoin Prediction Statistics Data: Bitcoin price now – $21,156; Bitcoin market cap – $405.1 billion; Bitcoin circulating supply – 19.0 million ...

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ETH Explodes 40% in Two Days as the merge nears

https://ift.tt/5DjVrNx

Submitted July 17, 2022 at 09:43PM by Major_Bandicoot_3239 https://ift.tt/kiET7Ff https://ift.tt/pkAnmN1

Listen up NEO, you won't have to... What are your thoughts guys?

https://ift.tt/420G5yv

Submitted July 17, 2022 at 11:30PM by jyorge_maccaline https://ift.tt/LkoYJUt https://ift.tt/pkAnmN1

Sunday, July 17, 2022

Meet Prince Philip of Serbia, the bitcoin buff: the American-born son of Alexander, crown ...

His brother renounced his royal title in April, making Serbia's Prince Philip next in line, despite coming from a finance background.

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Bitcoin Sets Sights on Key Trendline, Holds $20K Price Level - crypto.news

After modest gains for U.S. stocks in the Wall Street trading week, Bitcoin (BTC) consolidated higher on July 16.

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Will the cryptocurrency market recover? - The Sun

CRYPTOCURRENCIES have risen slightly over the past 24hours, proving the consistently volatile nature of coins like Bitcoin, Dogecoin and Ethereum.

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[serious] I’m a set it and forget it type of person. I had crypto on voyager and I’m just hearing about it. Can someone ELI5?

I understand they declared bankruptcy, what does that mean for my crypto? Is it gone? Is the company doing something to repay us or am I shit out of luck?

Submitted July 16, 2022 at 09:18PM by PawnShop804 https://ift.tt/Ixzua5n https://ift.tt/oML42yX

Vietnam’s Blockchain Industry Faces Shortage of Talent

The booming blockchain sector in Vietnam is having to deal with a serious deficit in specialists, local media revealed. Despite the large number of software engineers in the country, those with blockchain expertise meet less than a fifth of the current demand, with businesses already looking for talent abroad.

Fierce Competition for Blockchain Experts Among Vietnamese Companies

Vietnam is facing a lack of human resources hampering the advance of projects in its rapidly developing blockchain industry, the English-language portal Bizhub reported. The Southeast Asian country has plenty of capable software developers but few of them have the needed qualifications for distributed ledger technologies.

The shortages makes recruitment difficult and Vietnam doesn’t have many training programs to alleviate the problem, noted Trinh Ngoc Duc, chief executive of the company that developed the Fight of the Ages game. Quoted by the news outlet, he elaborated:

The scarcity of experienced blockchain programmers affects the product development process and leaves many potential projects unimplemented.

The deficit of blockchain specialists is already seen in many industries, including finance, education, healthcare, logistics, and agriculture. More than 50 sectors of the Vietnamese economy have started to apply blockchain solutions, with around 600 projects just in the Gamefi industry.

At the same time, existing talent can only meet between 15 and 20% of the demand, according to Kevin Tung Nguyen, CEO of Jobhopin. He, himself recently lost three employees who were offered payment three times higher than their remuneration at his company. The market is thirsty for blockchain programmers and competition for them is becoming fiercer, he commented.

Vietnamese Blockchain Companies Forced to Seek Foreign Experts to Fill Vacant Positions

Sourcing talent has become a major problem for many firms in Vietnam’s blockchain space which has been growing fast, confirmed Nguyen Thi Ngoc Dung from the National Innovation Center. Some companies have started to look for programmers in other countries, such as the United Arab Emirates, India, South Korea, and in Europe, she added.

Dung believes that one of the reasons is that Vietnamese universities are not teaching blockchain. She also thinks that innovation centers and successful startups should launch their own short-term courses for students and expand international cooperation.

A survey conducted by the Vietnamworks recruitment platform among more than 1,000 people working in the IT industry has revealed that blockchain engineers get the highest salaries. But Vietnam is not the only economy experiencing difficulties with finding enough blockchain talent. According to the professional social media network Linkedin, job postings with the keyword ‘blockchain’ in the U.S. increased by almost 400% in 2020-21.

Do you think Vietnam will be able to compensate for its deficit in blockchain developers through training programs? Share your thoughts on the subject in the comments section below.

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Latest Global Findex Survey: Share of Adult Population with a Bank Account Now 76% — 1.4 Billion Adults Still Unbanked

Between 2011 and 2021, the share of the world’s adult population that had bank accounts rose from 51% to 76%, the findings of the latest World Bank Global Financial Index survey have shown. About 1.4 billion adults are, however, still unbanked, not having the money or the identification required for opening a bank account.

Mobile Money Narrows Financial Exclusion Gap in Sub-Saharan Africa

According to the findings of the 2021 Global Financial Index (Findex) survey, the percentage of the world’s adult population with a bank account is now 76%, a fifty percent increase from the 51% that was recorded in 2011. In developing economies, the average rate of account ownership rose by 8 percentage points from 63% to 71% in the period between 2017 and 2021.

Latest Global Findex Survey: Share of Adult Population with a Bank Account Now 76% — 1.4 Billion Adults Still Unbanked

While in the past it was China and India that accounted for most of the growth, the latest survey report notes that the “recent growth in account ownership has been widespread across dozens of developing economies.”

Concerning Sub-Saharan Africa, where a significant portion of unbanked adults is found, the survey findings show that “55 percent of adults had an account, including 33 percent of adults who had a mobile money account.” According to the survey, this is “the largest share of any region in the world and more than three times larger than the 10 percent global average of mobile money account ownership.”

The same region is also home to some 11 economies wherein a larger proportion of adults “only had a mobile money account rather than a bank or other financial institution account.” Besides helping adults without bank accounts, mobile money may have created opportunities to better serve marginalized groups, the survey report noted.

‘Enabling Infrastructure Has Important Role to Play’

Yet despite the encouraging findings, the survey study still found that as many as 1.4 billion of the world’s adult population are still unbanked. Reasons given for this state of affairs range from a lack of money, the distance to the nearest financial institution, and the lack of the identification documents needed to open an account.

Latest Global Findex Survey: Share of Adult Population with a Bank Account Now 76% — 1.4 Billion Adults Still Unbanked

However, barriers preventing hundreds of millions of adults from opening bank accounts can be overcome once the enabling infrastructure becomes available, the survey report concludes.

“Enabling infrastructure has an important role to play. For example, global efforts to increase inclusive access to trusted identification systems and mobile phones could be leveraged to increase account ownership for hard-to-reach populations,” a summary of the survey report states.

In addition, the summary asserts that the “chief actors” in any efforts aimed at further reducing the number of unbanked adults “must also invest in regulations and governance to ensure that safe, affordable, and convenient products and functionality are available and accessible to all adults in their economies.”

The survey report concluded, just as many other reports and studies have previously, that the outbreak of the Covid-19 pandemic helped to spur the growth in adoption and use of digital payments. To support this assertion, the report points to India, where human movement restrictions forced more than 80 million adults to make a digital merchant payment for the first time. The trend seems to follow for other developing economies as well. Excluding China, “20 percent of adults [in developing economies] made a digital merchant payment in 2021.”

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What are your thoughts on the findings of the latest Global Findex survey? Let us know what you think in the comments section below.

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