Skip to main content

Posts

Showing posts from October, 2021

Web3 Infrastructure Provider Alchemy Raises $250 Million in Funding Round Led by a16z

https://motleybloggers.com/wp-content/uploads/2021/10/web3-infrastructure-provider-alchemy-raises-250-million-in-funding-round-led-by-a16z.jpg Alchemy, one of the leading infrastructure providers for blockchain and web3, has raised $250 million in its series C funding round, giving it a valuation of $3.5 billion. The round was led by a16z, which considers we are at a turning point in the web3 space. The company has multiplied its revenue by 15x in the last six months, a testament to the impact it has caused on the ecosystem. Alchemy Reaches $3.5 Billion Valuation Alchemy, a web3 and blockchain infrastructure provider, has reached a milestone by raising $250 million in its series C funding round. The round was led by known VC companies a16z, Lightspeed, and Redpoint, with the participation of Coatue, Addition, DFJ, and Pantera as well. With this new funding round, Alchemy reached a valuation of $3.5 billion, an outstanding value for a company that was publicly launched just a little mo...

Federal Security Service of Russia Seeks Powers to Obtain Information From Crypto Platforms

https://motleybloggers.com/wp-content/uploads/2021/10/federal-security-service-of-russia-seeks-powers-to-obtain-information-from-crypto-platforms.jpg The Federal Security Service of the Russian Federation has issued a draft order allowing its agents to request information from cryptocurrency platforms among other organizations. The move follows changes made to the anti -corruption legislation in Russia, the agency noted. FSB Wants Access to Crypto Data for Anti-Corruption Checks in Russia Russia’s main law enforcement agency, the Federal Security Service (FSB), has decided to grant its employees additional powers to acquire information from various organizations and institutions as part of efforts to combat corruption. A draft order has been published for public discussions and the FSB welcomes “independent anti-corruption expertise” on the matter. According to the document, FSB agents will receive permission to file information requests with credit organizations, ta...

OVR Land Map: The Biggest Detailed 3D Map of the Real World With NFTs

https://motleybloggers.com/wp-content/uploads/2021/10/ovr-land-map-the-biggest-detailed-3d-map-of-the-real-world-with-nfts.jpg OVR AR Metaverse goes to a whole other level. Italian company OVR is announcing today the creation of the so-called OVR Land Map. OVR Land Mapping: the metaverse to another level Thanks to the powers of AI, in fact, OVR is able to generate a 3D map of the physical world starting from simple pictures, no lidar or other expensive HW needed, just the smartphone in your pocket. All of the OVR users will be able to contribute to creating the biggest detailed 3D map of the real world. This revolutionary technology of open mapping system will bring the OVR AR Metaverse to a whole other level: currently, when geolocalization an AR asset in an OVRLand there’s the limitation of the GPS accuracy that has meters of error outdoor while is totally unreliable indoor, a scanned OVRLand will have a localization precision up to ì0 cm. A new AR experience That opens ...

The Billion-Dollar Bitcoin Case: Long-Awaited Kleiman v. Wright Trial Begins Next Week in Miami

http://motleybloggers.com/wp-content/uploads/2021/10/the-billion-dollar-bitcoin-case-long-awaited-kleiman-v-wright-trial-begins-next-week-in-miami.jpg On Monday, November 1, the long-awaited Kleiman v. Wright trial will begin as a federal jury plans to determine the relationship between Dave Kleiman and Craig Wright. The Kleiman estate is asking for $11.4 billion, alongside the return of intellectual property (IP) or its fair market value. While Bitcoinsv proponents and Wright’s fans believe the trial will finally prove Wright’s ostensible Satoshi claims, others believe it may shed some light on proving his theories false. Kleiman v. Wright Trial Begins Next Week — Bitcoinsv Proponents Are Calling It the ‘Trial of the Century’ Well over three years ago, the Kleiman estate decided to take Craig Wright to court over the alleged relationship with the now deceased, computer forensics expert Dave Kleiman. The high-profile billion-dollar bitcoin lawsuit started ...

While Ethereum Prices Skyrocket, Ether Gas Fees Surge Fueling Costly Transfers

http://motleybloggers.com/wp-content/uploads/2021/10/while-ethereum-prices-skyrocket-ether-gas-fees-surge-fueling-costly-transfers.jpg On October 29, 2021, the second-largest crypto asset in terms of market valuation, ethereum, reached an all-time price high at $4,467 per unit. Meanwhile, after the Ethereum network’s Altair upgrade went live, ether gas fees have skyrocketed significantly. As Ethereum Tests New Price Highs, the Average Ether Transfer Fees Onchain Skyrocket The two leading crypto assets by market valuation have had issues with high transfer fees for many years now but this month, Ethereum’s network fees are significantly higher than bitcoin’s. On Saturday, October 30, bitcoin’s ( BTC ) average network fee according to bitinfocharts.com data shows BTC fees are around 0.00000015 BTC per byte or $3.15 per transaction. The same web portal tracking ethereum ( ETH ) gas fees notes that to move some ether, it’ll cost around 0.012 ETH or $50.53 p...

LGND Curates Major NFT Art Gallery at ComplexCon

http://motleybloggers.com/wp-content/uploads/2021/10/lgnd-curates-major-nft-art-gallery-at-complexcon.jpg PRESS RELEASE. Austin, Texas – LGND Art Inc. announces its foremost curatorial effort to date, a major NFT art show in the form of a gallery to appear exclusively at ComplexCon 2021 . Sponsored by Coinbase , the exhibition will include global artists in a unique group that includes Mad Dog Jones, James Jean, Joshua Davis, Matt Gondek, Fvckrender, Michael Kozlowski, Victor Mosquera, Blake Kathryn, D*Face and Micah Johnson. LGND Art will host the auctions and edition offerings from Nov. 6-12. Aiming to harness the overlapping communities of art, fashion and music, LGND Art will provide a free NFT by Michael Kozlowski to all attendees of ComplexCon. This introduction to NFTs to a wider audience will facilitate an expansion to an eager crowd of culture enthusiasts. Created by artists for artists, LGND Art empowers its collective of world-renowned artists to integrate their work...

Russia Considers Selling Power to Kazakhstan Amid Deficit Caused by Crypto Miners

https://motleybloggers.com/wp-content/uploads/2021/10/russia-considers-selling-power-to-kazakhstan-amid-deficit-caused-by-crypto-miners.jpg State-owned Russian energy giant Inter RAO is now discussing electricity supplies for Kazakhstan where crypto miners have allegedly caused a spike in consumption this year. The country is expecting the power deficit to reach 600 megawatts as demand during the winter increases even further. Kazakhstan Likely to Buy Electricity From Russian Federation to Deal With Shortages Inter RAO, a major electricity producer in Russia, is holding talks on the possible supply of electricity for Kazakhstan starting from November, a high-ranking representative told reporters. Alexandra Panina, a member of the company’s management, explained that consumption growth in Kazakhstan is around 7%, noting that for the first time the country is facing a deficit in the cold winter months. Quoted by the Interfax news agency, she stated: I am now discussing the possibili...

AMC Theatres Considers Accepting Shiba Inu Alongside Dogecoin as SHIB Popularity Soars

https://motleybloggers.com/wp-content/uploads/2021/10/amc-theatres-considers-accepting-shiba-inu-alongside-dogecoin-as-shib-popularity-soars.jpg The CEO of the world’s largest movie exhibition company, AMC Entertainment, is asking the crypto community whether his company should accept shiba inu (SHIB) for payments. The company is already planning to accept several cryptocurrencies by year-end, including dogecoin. CEO Asks Whether AMC Should Accept Shiba Inu The CEO of AMC Entertainment, Adam Aron, put up a poll on Twitter Friday asking the crypto community whether his company should accept payments in shiba inu (SHIB). AMC is the largest movie exhibition company in the U.S., Europe, and the world. As of March 31, the company owned or operated approximately 950 theaters and 10,500 screens globally. Aron wrote : “As you know, you can now purchase AMC gift cards using cryptocurrency, and our IT group is writing code so that soon we can accept online payments in bitcoin, ethereu...

Australian Police Confiscate Cryptocurrency Worth $1 Million With Help From FBI

https://motleybloggers.com/wp-content/uploads/2021/10/australian-police-confiscate-cryptocurrency-worth-1-million-with-help-from-fbi.jpg The Australian Federal Police (AFP) has confirmed that the Supreme Court of New South Wales has ordered the forfeiture of cryptocurrency belonging to a convicted hacker. “The amount of cryptocurrency forfeited, more than $1.2 million, is the largest Commonwealth forfeiture of cryptocurrency,” the AFP said. ‘Largest Commonwealth Forfeiture of Cryptocurrency’ The Australian Federal Police (AFP) announced Friday that a convicted hacker “has been ordered to forfeit more than $1.66 million [Australian dollars] in cryptocurrency and cash to the Commonwealth.” The 23-year-old Sydney offender pleaded guilty to various criminal offenses in October last year. The AFP-led Criminal Assets Confiscation Taskforce (CACT) “obtained restraining orders over cryptocurrency plus bank and Paypal accounts held in false names, but su...

4 POWERHOUSE Cardano Projects Set For Blastoff

http://img.youtube.com/vi/UOPo0IwMEJc/0.jpg https://www.youtube.com/watch?v=UOPo0IwMEJc ⚡⚡Stake Your Cardano with my new ADA Pool! Ticker: CCV3 CCV3 pool id for delegation: 903c38e5905f1587d5ecf8c875a181725fb4b12b3eb06ce1d20bb1c6 Intro 00:00 Coti 00:50 Ergo 4:24 SundaeSwap 6:55 Nervos 9:15 There are many more Cardano projects that I will be covering, but here are 4 powerhouse projects that are ready to take the cardano ecosystem by storm. COTI, ERGO, SUNDAESWAP, AND NERVOS are 4 crypto projects that have gotten a lot of attention in the ADA ecosystem, for good reason. Self-Trade Cryptocurrency in Your IRA/401K - - TAX FREE! ⬇⬇⬇⬇⬇⬇⬇⬇⬇⬇⬇⬇⬇ iTrustCapital - https://bit.ly/2YBq0GB Code: VENTURE ⚡ Follow Dan On Twitter ⚡ http://twitter.com/cryptorecruitr Crypto Capital Venture New - Cycles of Bitcoin - https://www.tradingview.com/chart/BLX/IzGnRABO-The-Cycles-Of-Bitcoin-Speculati...

Cardano’s Charles Hoskinson Signs Memorandum With Burundi Government, Agreement Questioned

http://motleybloggers.com/wp-content/uploads/2021/10/cardanos-charles-hoskinson-signs-memorandum-with-burundi-government-agreement-questioned.jpg Cardano founder Charles Hoskinson recently confirmed he had signed a memorandum of understanding (MOU) with the government of Burundi. This MOU agreement is Hoskinson’s first major preliminary agreement he has secured since kickstarting Cardano’s African tour in mid-October, 2021. Meetings With Burundi and Zanzibar Leaders Before traveling to Burundi, Hokisnson had visited Zanzibar where he held meetings with Hussein Ali Mwinyi, the island nation’s president. However, it is Hoskinson’s Burundi visit that has helped Cardano to achieve its latest major agreement with an African state after it signed another deal with the Ethiopian government back in April 2021. To break the news about his interactions with the Burundi government as well as Cardano’s latest achievement, Hoskinson went on Twitter and shared some key...

Cream Finance Suffers $130 Million Hack

http://motleybloggers.com/wp-content/uploads/2021/10/cream-finance-suffers-130-million-hack.jpg Ethereum defi protocol Cream Finance suffered an exploit yesterday that allowed attackers to steal $130 million from its holdings. The news was first revealed by Peckshield, a blockchain analytics company that discovered a flash loan had exploited the platform. This is the third hack the protocol has suffered in its history, being exploited for $36 and $29 million before, respectively. Cream Finance Hacked Yet Again Cream Finance, an Ethereum-based lending and borrowing protocol, suffered an exploit that allowed the hackers to steal $130 million worth of ether and ERC-20 tokens. According to Slowmist , a blockchain security organization, the attack netted 2,760.22 ether and 60 tokens including HBTC, USDT , BUSD, and others. The attack was perpetrated in the form of a series of flash loans in a very unorthodox way, which has led some to think the hacker was an experienced defi developer. Anot...

Kazakhstan Expects $1.5 Billion From Crypto Mining in 5 Years, Estimates Suggest

http://motleybloggers.com/wp-content/uploads/2021/10/kazakhstan-expects-1-5-billion-from-crypto-mining-in-5-years-estimates-suggest.jpg Crypto miners now bring more than $230 million into the economy of Kazakhstan each year and estimates show the figure could increase significantly in the future. The industry’s leading organization has projected that the government can collect more than $300 million in taxes over the next five years. Kazakhstan Makes Millions From Cryptocurrency Miners Kazakhstan’s growing coin minting industry has the potential to pour $1.5 billion into the nation’s economy in a five-year period, resulting in over $300 million in tax revenue, according to the National Association of Blockchain and Data Center Industry which unites major companies involved in cryptocurrency extraction that account for 70% of the mining sector. Budget revenues can reach $400 million with the opening of cryptocurrency exchanges, the organization added. According to the a...

Here is Why Cardano Dipped...And Why ADA Is Doing Just Fine!

http://img.youtube.com/vi/AI-ykZ2HkYo/0.jpg https://www.youtube.com/watch?v=AI-ykZ2HkYo ⚡⚡Stake Your Cardano with my new ADA Pool! Ticker: CCV3 CCV3 pool id for delegation: 903c38e5905f1587d5ecf8c875a181725fb4b12b3eb06ce1d20bb1c6 Intro 00:00 Here is why I am long on Cardano 3:10 Weekly chart dipping is nothing new 4:40 Cardano daily consolidation - been here before 7:10 Looking at the recent Cardano dip 8:10 ADA descending triangle 9:00 ADA symmetrical triangle 11:00 Can ADA get a bullish bounce soon? 12:00 If Cardano price continues to dip to $1.40 14:40 Resistance for ADA price to break 15:50 Cardano price dips and many are deciding to walk away from ADA. But as ADA charts approach oversold and may even be setting up for more downside, I explain why I think Cardano is a bullish crypto. Self-Trade Cryptocurrency in Your IRA/401K - - TAX FREE! ⬇⬇⬇⬇⬇⬇⬇⬇⬇⬇⬇⬇⬇ iTrustCapital - https://bit....

Islamic Organization in Indonesia Issues Fatwa Against Cryptocurrency

http://motleybloggers.com/wp-content/uploads/2021/10/islamic-organization-in-indonesia-issues-fatwa-against-cryptocurrency.jpg A provincial branch of one the largest Islamic organizations in Indonesia has declared cryptocurrency “haram,” or forbidden under religious law. The decision came after a “heated discussion” joined by a crypto expert who was invited to explain in detail the practice of using digital coins. Cryptocurrency Deemed ‘Haram’ in Indonesia The local branch of the Indonesian religious organization Nahdlatul Ulama in East Java has recently issued a fatwa on the status of cryptocurrencies under Islamic law. According to the nonbinding opinion, digital currencies secured by cryptography and used as a transaction instrument are to be considered “haram,” which means forbidden. The decision came as a result of “bahtsul masail,” a discussion held by the organization on Sunday, Oct. 24, the Indonesian news portal Tempo...

El Salvador Buys More Bitcoin: 420 BTC Added to Treasury

http://motleybloggers.com/wp-content/uploads/2021/10/el-salvador-buys-more-bitcoin-420-btc-added-to-treasury.jpg El Salvador, the country that made bitcoin legal tender alongside the U.S. dollar, has bought the dip again. The Salvadoran government has purchased a total of 1,120 bitcoins, currently worth more than $68 million. El Salvador’s Bitcoin Holdings Grow El Salvador has bought the dip again, taking advantage of the falling price of bitcoin on Wednesday. President Nayib Bukele tweeted: “It was a long wait, but worth it. We just bought the dip.” At the time of writing, the price of bitcoin is $61,129, down from an all-time high of almost $67,000 on Oct. 19 based on data from MotleyBloggers.com Markets . The country made bitcoin legal tender alongside the U.S. dollar on Sept. 7. At the time, the price of BTC was around $46,000. The day before its Bitcoin law went into effect , El Salvador purchased two sets of 200 bitcoins. On Sept. 7, the price fell slightly, al...

Shiba Inu Soars Knocking Dogecoin Down a Notch — 20 Holders Own 75% of the SHIB Supply

http://motleybloggers.com/wp-content/uploads/2021/10/shiba-inu-soars-knocking-dogecoin-down-a-notch-20-holders-own-75-of-the-shib-supply.jpg The meme-based digital asset shiba inu has entered the top ten largest crypto assets by market capitalization, knocking dogecoin down a notch. In the last 30 days, the shiba inu token climbed 976% capturing a market cap of over $40 billion. Meanwhile, the concentration of shiba inu whales is still quite large these days alongside the massive circulating supply of 549 trillion tokens. Shiba Inu Taps All-Time Price Highs Knocking Down the Dogefather This week the crypto asset shiba inu (SHIB) reached an all-time high (ATH) on a few occasions, including today, during the early morning trading sessions. SHIB’s ATH was around $0.00008616 and then the value subsequently dipped 11% below the high. SHIB’s market valuation has soared to $40 billion and it has allowed the shiba inu token market to enter the top ten crypto assets. Shiba inu manage...

PlanetWatch Announces Listing of PLANETS Token on Bitmart

http://motleybloggers.com/wp-content/uploads/2021/10/planetwatch-announces-listing-of-planets-token-on-bitmart.jpg PRESS RELEASE. PlanetWatch, a French start-up which decentralizes and incentivizes environmental monitoring, announced that its utility token, PLANETS, will be listed on Oct. 22 on Bitmart. Claudio Parrinello, PlanetWatch’s CEO said: “PlanetWatch is experiencing explosive growth. With over 6,000 sensors already deployed worldwide, we are happy to see PLANETS becoming available worldwide via multiple exchanges.” PlanetWatch is revolutionizing the way people measure air quality and other environmental parameters by leveraging the Algorand Blockchain, IoT-enabled sensors and AI-based data analysis. Dense sensor networks can be activated in any city quickly and cost-effectively by incentivizing local residents to deploy and operate approved sensors and earn token rewards for data streams. PlanetWatch is gaining traction amongst consumers as well as in the corp...

Adobe Jumps Into Non-Fungible Token Ecosystem With ‘Prepare as NFT’ Photoshop Tool

http://motleybloggers.com/wp-content/uploads/2021/10/adobe-jumps-into-non-fungible-token-ecosystem-with-prepare-as-nft-photoshop-tool.jpg Adobe Inc., the American multinational computer software company that’s well known for its platforms like Photoshop and Illustrator, has jumped into the non-fungible token (NFT) universe. According to Adobe chief product officer Scott Belsky in a recent interview with The Verge, “NFTs will change creativity.” New Adobe Photoshop Tool Will Assist NFT Creators in ‘Packaging and Preparing, Along With the Attribution Capabilities’ The software company Adobe has launched a Photoshop tool that allows creators to pre-construct the images for non-fungible token (NFT) applications. On October 26, Scott Belsky, Adobe’s chief product officer, spoke in an interview with The Verge’s Nilay Patel about the firm’s deep dive into the world of NFTs. The new Adobe Photoshop tool will allow users to add specific credential...

Federal Reserve, FDIC, OCC Discuss Allowing Banks to Hold Crypto on Balance Sheets

http://motleybloggers.com/wp-content/uploads/2021/10/federal-reserve-fdic-occ-discuss-allowing-banks-to-hold-crypto-on-balance-sheets.jpg A group of U.S. banking regulators is working on how banks can be allowed to offer crypto services and hold cryptocurrencies on their balance sheets. The chairman of the Federal Deposit Insurance Corporation (FDIC) said, “If we don’t bring this activity inside the banks, it is going to develop outside of the banks … The federal regulators won’t be able to regulate it.” US Regulators to Set Clear Rules for Banks to Deal With Crypto Jelena McWilliams, the chairman of the Federal Deposit Insurance Corporation (FDIC), told Reuters in an interview at a fintech conference Monday that a team of U.S. bank regulators is working on providing a roadmap for banks to engage with crypto assets. The team comprises the FDIC, the Federal Reserve, and the Office of the Comptroller of the Currency (OCC). Federal Reserve Vice Chair of Superv...

Solana-Based Drift Protocol Raises $3.8 Million — Project Reveals Drift Alpha Ticket NFTs

http://motleybloggers.com/wp-content/uploads/2021/10/solana-based-drift-protocol-raises-3-8-million-project-reveals-drift-alpha-ticket-nfts.jpg While the blockchain network Solana’s native token has skyrocketed in value this week jumping 31.4%, the Solana-based perpetual swap platform Drift Protocol announced it raised $3.8 million from strategic investors. At the same time, Drift announced the launch of its alpha mainnet after several months of “grind, hard work, debugging, building security guardrails.” Solana Perpetual Swap Exchange Drift Reveals Mainnet Launch, Raises $3.8 Million While centralized exchanges like Binance, FTX, Bybit, and Bitmex offer crypto-based perpetual swaps , decentralized finance (defi) competitors are aiming to take the large amounts of trading volume these trading platforms command. There are a number of decentralized apps (dapps) attempting to move forward in this direction like dYdX, Mango Markets, and MCDEX. On October 25, a Solana-based...

LBank: Focusing on Real Estate and Finance, SimbCoin Swap Is Making an Impact on the African Market

http://motleybloggers.com/wp-content/uploads/2021/10/lbank-focusing-on-real-estate-and-finance-simbcoin-swap-is-making-an-impact-on-the-african-market.jpg PRESS RELEASE. Blockchain that provides an environment of security, transparency and traceability is an innovative technology that applies in various kinds of life activities. For Africa, it is an opportunity for evolving and making changes. The SimbCity – SimbCoin Swap project, a solution for real estate and finance, is making an impact on the African market with the power of blockchain technology. The project could be viewed as two parts that complement each other, for the real estate part, there is SimbCity project that focuses on booming African tourism industry. In Africa, currently more than 63 million visitors are being received every year, and this number is expected to grow even larger by the year of 2027, which will be astounding 110 million. SimbCity project concentrates on real estate located on popular touristic are...

Tether Trials Solution to Comply With FATF Travel Rule

http://motleybloggers.com/wp-content/uploads/2021/10/tether-trials-solution-to-comply-with-fatf-travel-rule.jpg Tether, the operator of one of the leading stablecoins in the crypto market has announced it will commence trials of a system that will allow the company to comply with the Financial Action Task Force (FATF) travel rule. The system, that is provided by Notabene, a company that offers ID and travel rule compliance solutions, will allow Tether to automatically communicate travel rule data between Virtual Asset Service Providers (VASPs). Tether Eyes Compliance Solution Tether, the company behind the issuance of the biggest stablecoin by market cap in the cryptocurrency market, USDT , will test trial a solution that will allow it to comply with the travel rule proposed by the Financial Action Task Force. The solution that will be tested, provided by Notabene, a software company that offers compliance solutions, will allow this information to be relayed between VASPs. Tether...

$100k Bitcoin. $10,000 Ethereum. $10 Cardano. DATA SAYS YES!

http://img.youtube.com/vi/EElGzSYMbcM/0.jpg https://www.youtube.com/watch?v=EElGzSYMbcM ⚡⚡Stake Your Cardano with my new ADA Pool! Ticker: CCV3 CCV3 pool id for delegation: 903c38e5905f1587d5ecf8c875a181725fb4b12b3eb06ce1d20bb1c6 Intro 00:00 Bitcoin data we are using from 2019 and 2017 1:00 How BTC price is going to get there... 2:00 Bitcoin vs. Ethereum vs. Cardano 4:30 Maybe the most important macro indicator for btc, eth, ada 5:20 2017 Ethereum charts important to Cardano 6:45 October consolidation 8:00 Cardano to $10 9:40 Bitcoin and Mastercard - https://www.vox.com/recode/22745621/credit-card-cryptocurrency-bitcoin-mastercard-bakkt Self-Trade Cryptocurrency in Your IRA/401K - - TAX FREE! ⬇⬇⬇⬇⬇⬇⬇⬇⬇⬇⬇⬇⬇ iTrustCapital - https://bit.ly/2YBq0GB Code: VENTURE ⚡ Follow Dan On Twitter ⚡ http://twitter.com/cryptorecruitr Crypto Capital Venture New - Cycles of Bitcoin - https://...