Tag Archives: social

The community members of the Internet of Things (IoT) blockchain network, Helium, has voted for a complete transition to Solana to improve network scalability. The HIP 70 proposal published by the Helium Foundation has been in the works for several months. In August, the foundation detailed the reasons behind the core developers’ inclination to Solana from its own bespoke chain to ramp up Helium in terms of speed, stability, and ability to serve more users. The vote for the...

Uniswap Foundation, the organization that oversees the development of the largest DEX in the world, has stated that its first wave of grants sums up to almost $1.8 million total. According to the official announcement, the grants vary in size and scope and are spread across three areas – protocol growth, community growth, and governance stewardship. Uniswap Diamond Uniswap Diamond is heralded as one of the most ambitious initiatives to be funded by Uniswap Grants. All...

Michael Saylor – Co-Founder and Chairman of the business intelligence software MicroStrategy – predicted that bitcoin’s price will reach its all-time high levels from November 2021 (approximately $69,000) “sometime in the next four years.” Over the years, the 57-year-old entrepreneur has presented himself as an outspoken supporter of the leading cryptocurrency, while his company is the largest BTC corporate holder. Earlier this week, it accumulated additional 301 coins,...

C Capital – a company established by Hong Kong billionaire Adrian Cheng – reportedly intends to raise $500 million to invest in digital currencies, credit, and private equity over the next year and a half. The firm thinks the cryptocurrency market has already bottomed, meaning that delving into it now is the perfect timing. ‘When People Are on Defense, We’re on the Offense’ According to a September 21 coverage by Bloomberg, C Capital plans to introduce a $200 million...

The Brazilian authorities reportedly ordered Glaidson Acácio dos Santos (known as “Bitcoin Pharaoh”) to deposit 19 billion BRL (nearly $3.7 billion) in court. This sum will be transferred to more than 122,000 investors and creditors who have become victims of his fraudulent cryptocurrency scheme. Last year, the Brazilian Federal police organized a special mission called “Operation Kryptos,” following which they halted Santos’ illegal activities. In addition, they confiscated...

The authorities of Colorado announced that state residents can now pay their taxes in cryptocurrencies instead of fiat. Among the supported digital assets are the two biggest by market capitalization – Bitcoin (BTC) and Ether (ETH). Still, Colorado’s Revenue Department is not allowed to accept direct crypto payments, which is why it partnered with PayPal, which will help with the transactions. Colorado’s Pioneering Move The State’s officials disclosed that Colorado residents...

The controversial crypto gambling sessions anchored by Twitch celebrities and live-streamed to their followers will be banned effective October 16, Twitch said in a statement. It mentioned that Stake.com, Rollbit.com, Duelbits.com, and Roobet.com, the most notable crypto gambling sites using its platform, will no longer be able to use it to stream their activities. Going forward, Twitch will identify other crypto gambling sites and disable their access to its platform. ...

EOS managed to raise $4.2 billion in its year-long ICO back in 2018. Despite a very hyped start, the project had a rather bumpy ride. After edging close to dissolution, EOS has finally declared “independence.” According to the press release shared with CryptoPotato, EOS block producers have executed a coordinated hard fork to Leap 3.1. EOS is finally migrating to the newly forged Antelope Framework. This essentially means that an individual running a node will have upgraded...

The leading financial services company – JPMorgan Chase & Co. – revealed that its clients have drastically dropped their interest in using cryptocurrencies as a payment method in the past few months. However, the organization assured that it will still support consumers who want to employ digital assets as a means of payment. Not so Popular any More The ongoing crypto winter seems to have affected people’s interest in the asset class. In a recent interview for Bloomberg,...

The United States Securities Exchange Commission (SEC) has filed a lawsuit against prominent crypto influencer, investor, and entrepreneur Ian Ballina over an initial coin offering (ICO) dating back to 2018. The SEC accused Ballina purchased $5 million worth of SPRK tokens from Sparkster Ltd. and received 30% bonus tokens before he started promoting it on social media. He did not disclose that he was given an incentive to promote the ICO, the regulator has charged in its...