Day: July 8, 2021

Apple Co-Founder Steve Wozniak Calls Bitcoin a “Miracle,” Says It's Better Than Gold

Apple co-founder Steve Wozniak called Bitcoin “the most amazing mathematical miracle” during the Jalisco Talent Land Digital 2021 event, El Sol de México reports. He also believes that the flagship cryptocurrency is more precious than gold because the latter is not scarce enough: Ads Ads We keep finding gold. One day, we will manufacture it

UK Watchdog Says Crypto Ads Now “Red Alert” Priority

The Advertising Standards Authority (ASA) claims that cryptocurrency ads are now a “red alert” priority, the Financial Times reports. Ads Ads This July, the watchdog plans to go after “misleading” cryptocurrency marketing campaigns that are getting pushed on social media. Miles Lockwood, director of complaints and investigations at the ASA, claims that the clampdown will

Can Ripple Be a Player in the NFT World?

Crypto markets took a dip this summer but NFTs, or non-fungible tokens, are as hot as ever. Sales of the tokens—which are touted as unique digital artifacts—totaled $2.5 billion in the first half of 2021, and are still going strong as collectors snap up NFTs of art, sports highlights, and much more. The NFT boom

Jack Dorsey Confirms Square Is Building a Bitcoin Hard Wallet

Square CEO Jack Dorsey today confirmed via Twitter (which he is also CEO of) that the payments company plans to build a Bitcoin hard wallet. Square exec Jesse Dorogusker tweeted earlier today that the service would “make bitcoin custody more mainstream.” To which Dorsey responded, “We’re doing it.” Dorsey had said last month that the

CryptoPunks NFT Lands in Major Art Museum

A non-fungible token (NFT) has landed in a museum. The CryptoPunk, from a popular and expensive collection of pixelated characters, was given to Miami’s Institute of Contemporary Art (ICA) by trustee Eduardo Burillo. According to ICA, it’s the “first NFT to enter a major art museum collection.” NFTs are unique digital tokens, typically minted and

EU to Propose New Anti-Money Laundering Body to Crack Down on Crypto: Report

The European Union will set up a new agency to crack down on money laundering and introduce transparency rules for cryptocurrency, according to Reuters. A new proposal from the EU wants crypto service providers—such as exchanges—to collect and make accessible the data of those making transactions, Reuters news agency reported today, citing documents it had

Man Who Lost $378 Million Bitcoin Fortune in Landfill Plans 12-Month Search

A U.K. man plans to search through 400,000 tons of garbage on a 200-meter squared landfill to finally find his missing hard drive that contains £275 million (about $378 million) worth of Bitcoin, The Sun reports. James Howells—who has been desperately searching for his crypto riches since 2013—wants to deploy AI-powered scanners, X-ray scanners, and

What Exactly Does Elizabeth Warren Want the SEC to Do About Crypto Exchanges?

US Senator Elizabeth Warren (D-MA) has long championed consumer protections. Now, she’s continuing her pursuit to protect cryptocurrency investors. Calling cryptocurrency a “highly opaque and volatile market” in a letter to Securities and Exchange Commission (SEC) Chairman Gary Gensler yesterday, Sen. Warren requested the agency respond by July 28 with details of the SEC’s regulatory

Sushi to Launch NFT Marketplace Shoyu Next Month

A group of developers supporting the popular SushiSwap protocol has written the smart contracts for a new NFT marketplace called Shoyu. The platform will give earnings to xSushi holders and optimize gas fees for NFT trades. Developers Plan Shoyu Launch Sushi is launching an NFT marketplace called Shoyu. LevX, the lead developer behind the project,

Massive Cryptocurrency Mining Farm Busted by Ukrainian Security Service

Ukraine’s state security service announced on Thursday that it had discovered the country’s biggest illegal mining facility to date in the city of Vinnytsya. It was stealing enough electricity to cause blackouts in multiple city areas. According to preliminary estimates, the amount of weekly damages could reach 7 million hryvnias (about $256,500). The farm was

1 2 3 5