Tag Archives: social

Eric Adams – the newly-elected mayor of New York City and apparently a bitcoin bull – displayed his support for the primary cryptocurrency once again. He opined that the recent price drop could provide certain opportunities for investors and reaffirmed a previous stance indicating that he will get his first three paychecks in BTC. First Three Paychecks to be Paid in BTC It is safe to say that Big Apple’s new mayor hasn’t changed his stance on BTC despite the most recent price...

Multi-sector blockchain protocol Terra (LUNA) has announced a proposal to deploy $139 million to five different DeFi projects across Ethereum, Solana, and Polygon to enhance UST’s use cases. The proposal, however, needs to be accepted by the Terra community through a vote of governance participants that’s likely at a later date. Terra as a Dominant Crypto Player The details of how UST and LUNA worth $139 will be used on different DeFi platforms are contained in the document...

Dozens of clients of the Hong Kong-based cryptocurrency exchange Coinsuper reportedly complained they can not retrieve funds from the platform. At least seven of them have contacted the police regarding the issue. Frozen Funds on Coinsuper According to a January 7 Bloomberg coverage, the problem has occurred in late November. Five of the trading venue’s customers explained to the media that they are unable to withdraw a total of $55,000 (an amount consisting of both digital...

The first week of 2022 is starting off rather dramatically for Bitcoin and the rest of the cryptocurrency market, the total capitalization of which is down about $240 billion in seven days. This comes as the US Federal Reserve revealed plans to start reducing its balance sheet, which may start as soon as the next several months. It’s safe to say that the Bitcoin price has seen better days. Down about 12.5% since this time last week, BTC currently trades at around $41,400. For...

The San Francisco-headquartered non-profit organization – Mozilla Foundation – which supports the development of the Firefox browser, announced accepting donations in Dogecoin (DOGE) using BitPay. While the wider community didn’t react well, the harshes critic was none other than one of its co-founders. Mozilla Co-founder is Not a Crypto Fan In a fierce Twitter thread, Jamie Zawinsk, aka JWZ, blasted the browser maker for accepting “planet incinerating cryptocurrency...

The cryptocurrency industry saw a tremendous surge in terms of institutional adoption in 2021. Experts suggest that this trend is likely to continue this year as well. But whether it’s a tidal wave or a trickle will depend on how the industry evolves in terms of technology that offers secure storage and protects user funds. Institutions Fear Security Risks The cryptocurrency market has been notoriously volatile – a common critique levied against the industry since the very...

Nas – an American rapper and entrepreneur – is selling the rights to two of his songs through Royal, a crypto-based music startup. The platform creates a new way for music artists to profit from NFTs, as visual artists are beginning to do. ‘Extended NFTs’ Royal announced its partnership with Nas in a blog post on Thursday, marking its debut music drop. The first of the songs is “Ultra Black”, which was the lead single from the rapper’s Grammy award-winning album King’s...

The regulatory and surveillance environment is likely to become more stringent for crypto traders in Thailand. Crypto Profits to Attract 15% a Capital Gains Tax As per a report from the Bangkok Post, crypto profits will attract a 15% capital gains tax from the current year. The initiative will be applicable to digital asset investors and miners but will exclude exchanges. The capital gains tax is levied on the profits made by selling a non-inventory asset. The media report...

In a bid to revolutionize its fan engagement, French esports organization Team Vitality announced that it has collaborated with popular blockchain project Tezos on a three-year partnership deal. Team Vitality Partners Tezos Announcing the development in a press release shared with CryptoPotato today, the partnership, which is considered the biggest since the inception of Team Vitality, will span from 2022 through 2024. Commenting on the news, Nicolas Maurer, CEO of Team...

Cryptocurrency executives are tapping the real-estate market. The latest one to do so is none other than Coinbase’s Brian Armstrong, who just bought a lavish Bel-Air property from Japanese entrepreneur Hideki Tomita that was previously owned by Seagram Heiress Ellen Bronfman. Brian Armstrong’s Costly Affair in LA According to a report by The Wall Street Journal, Armstrong purchased a massive $133 million Los Angeles estate. The deal was closed in December last year, and...