Tag Archives: social

Well-known cryptocurrency advocates worldwide have called out Canadian authorities for seizing millions in bitcoin and other digital currencies amid the ongoing protests against COVID-19 restrictions and vaccine policies. Court Signs Order to Seize Bitcoin and Monitor Crypto Wallet The Toronto Star reported that a court order had been issued to freeze bank accounts and digital wallets involved in fundraising efforts geared towards aiding “Freedom Convoy” protesters in...

The bears continue to put pressure on the crypto market as bitcoin dropped below $40,000 for the first time in two weeks. The altcoins are also deep in red once again, with Ethereum sliding beneath $2,800 and massive price drops from Solana, Avalanche, MATIC, and others. Bitcoin Struggles Around $40K It was just three days ago when the landscape around the largest cryptocurrency seemed significantly more bullish. The asset had recovered from its latest dips to $42,000 and...

A few months after introducing the first draft aiming to prohibit Fed officials from owning certain assets, the policymaking Federal Open Market Committee has updated the document to include cryptocurrencies. Reports emerged last year claiming that numerous Federal Reserve top employees traded stocks, bonds, and real estate securities in 2020, shortly before the central bank employed specific COVID-19-prompted policies that impacted the market. Some policymakers resigned...

Cosmos’ non-profit and steward, the Interchain Foundation (ICF), announced the launch of Interchain Accounts, an Inter-Blockchain Communication (IBC) based protocol. Largest Software Upgrade to Cosmos Ecosystem According to the official announcement shared with CryptoPotato, Cosmos’ latest update will enable an entire blockchain to control an account on a separate chain. The release of Interchain Account means that users will be able to access the whole Interchain with the...

Marina Picasso – granddaughter of the renowned painter and sculptor Pablo Picasso – said she and her son Florian will continue launching NFT collections depicting the artist’s work. The digital collectibles caused disputes among the family as some members did not agree with the initiative. Picasso’s NFTs Received Green Light Earlier this year, Picasso’s great-grandson – Florian – hopped on the NFT bandwagon by releasing a collection featuring some of the painter’s renowned...

One of the oldest and most influential venture capital firms – Sequoia – has become even more active in the cryptocurrency space. In the latest development, it announced a new sub-fund of $500-$600M that will focus primarily on liquid tokens and digital assets. Industry’s Best-In-Class Goes for Crypto Fund The newly unveiled Sequoia Crypto Fund will help the California-based firm to participate more actively in protocols, better support token-only projects, and understand the...

Bitcoin has been treading in volatile waters. Despite the recent price dump, though, the Bitcoin network has hit yet another high, this time, in terms of mining difficulty. Higher Difficulty For Bitcoin Miners According to the latest data from CoinWarz, the Bitcoin difficulty increased by 5% to 27.97 trillion on February 18. In a span of three weeks, the metric went through positive readjustments twice, with the first one reaching 26.64 trillion on January 21. To put things...

The Russian Finance Ministry introduced public notices and said they started developing a comprehensive regulatory framework for the cryptocurrency industry. During the discussions, citizens and financial market players will be able to give their proposals on the matter. What Has Happened so Far? Ever since the start of 2022, Russia’s top authorities haven’t been able to come to an understanding of how to approach the digital asset sector and what rules to impose on it. The...

The Swiss-based issuer of crypto exchange-traded products (ETPs), 21Shares, announced the listing of three new digital asset-oriented ETPs on Euronext exchanges in Paris and Amsterdam – Decentraland, AAVE, and FTX Token. The exchange-traded products will enable market players to get exposure to the three assets without the need to own the underlying assets. According to the official press release, 21Shares Decentraland ETP, Aave, and 21Shares FTX Token ETP will be listed on...

An investor in non-fungible token (NFT) and metaverse projects, Animoca Brands, today issued a scam alert regarding a new ERC-20 token, dubbed “Animoca Brands Metaverse” on Uniswap V2. The Hong Kong-based firm said the asset fraudulently claims to be associated with it and uses the symbol “Animoca.” The Fraudulent Animoca Brands Metaverse Token According to the official press release, Animoca Brands clarified that the namesake token has no connection to the company. It urged...