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Showing posts from November, 2021

BRD Wallet and Unbound Security — Coinbase Acquires 2 Companies in Less Than a Week

http://motleybloggers.com/wp-content/uploads/2021/12/brd-wallet-and-unbound-security-coinbase-acquires-2-companies-in-less-than-a-week.jpg The publicly-listed crypto-asset exchange Coinbase has announced the company has acquired the Israeli firm Unbound Security. The announcement follows Coinbase acquiring the cryptocurrency wallet BRD last week and the Unbound acquisition is aimed at the company’s “commitment to providing the safest, most secure, and most trusted venue for anyone to interact with the [crypto economy].” Coinbase Acquires Israeli Company Unbound Security Ever since Coinbase (Nasdaq: COIN ) was publicly listed, the company has acquired a number of smaller companies. Prior to the listing on Nasdaq, the company acquired the firm Bison Trails and on April 30, the crypto-focused data analytics company Skew revealed it was purchased by Coinbase. The publicly-listed crypto asset exchange further purchased Zabo in August and during the first week of November, ...

Crypto Derivatives Powerhouse Phemex Launches Trading Contest With a Colossal $750,000 Prize Pool

http://motleybloggers.com/wp-content/uploads/2021/12/crypto-derivatives-powerhouse-phemex-launches-trading-contest-with-a-colossal-750000-prize-pool.jpg Some say trading is a game of luck; others view it as an adventure sport. Just like athletes love performing mind-blowing maneuvers, there’s a thrill that comes with executing the perfect trade, For those newer to the scene, trading competitions allow novice traders to learn and grow as a broker, and give more experienced participants the chance to overcome a new challenge. If you know what you’re doing, trading competitions can be a fun way to make a quick buck, but the level of risk can be hard to justify when you don’t have much to invest, especially with lackluster prizes and unpredictable markets. Phemex is no stranger to hosting trading contests, having successfully conducted Bitcoin Bonanza last month celebrating the launch of their inverse BTCUSD contracts . This time, however, the stakes are being raised. Thi...

BCH House Venezuela Shows Real Cryptocurrency Adoption in First Documentary

http://motleybloggers.com/wp-content/uploads/2021/12/bch-house-venezuela-shows-real-cryptocurrency-adoption-in-first-documentary.jpg BCH House Venezuela, an adoption organization, has published its first documentary on social media, where it shows the way in which Venezuelans are using cryptocurrency as a means of exchange. Roberto García, the founder of this initiative, shows us the level of adoption the BCH House initiative has reached in Barquisimeto — a city in the west of the country — and how merchants are embracing cryptocurrencies. BCH House Venezuela Showcases On-Site Adoption BCH House Venezuela, a BCH adoption organization, has released its first documentary , where it shows the advances of the organization in promoting the use of bitcoin cash as a means of exchange and also as a store of value. BCH House centers its action in Barquisimeto, a city with a population of one million inhabitants, and it shows how merchants are accepting bitcoin cash for eve...

Cardano Altcoin Mania Ahead...Prepare Now!

http://img.youtube.com/vi/g-uJKIZBKdE/0.jpg https://www.youtube.com/watch?v=g-uJKIZBKdE Stake your ADA with CCV4 and take part in the SundaeSwap ISO! *All CCV stake pools do qualify for the ISO In the last ADA video, I discussed the growth of Cardano price and its technical achievements. But on top of that, there is a whole new ecosystem of projects and altcoins that will extend from the Cardano ecosystem. Some examples are SundaeSwap and COTI. 📈 iTrustCapital Self-Trade Cryptocurrency in Your IRA/401K - - TAX FREE! ⬇⬇⬇⬇⬇⬇⬇⬇⬇⬇⬇⬇⬇ iTrustCapital - Get $100 in FREE BTC - https://bit.ly/3k449CR ⚡ 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-Speculative ☰☰☰☰☰☰☰☰☰☰☰☰☰☰...

Report: Nigerian Fintechs Account for Nearly 91% of $417.5 Million Raised by Tech Startups in the Country

http://motleybloggers.com/wp-content/uploads/2021/11/report-nigerian-fintechs-account-for-nearly-91-of-417-5-million-raised-by-tech-startups-in-the-country.jpg According to an analysis of the $417.5 million that was raised by Nigerian tech startups during the first nine months of 2021, fintech firms accounted for about $379 million or 90.78% of the total. Nigerian Fintechs Dominate the African Continent Nigerian fintechs currently account for more than 90% of the $417.5 million that was raised by tech startups during the first nine months of 2021, a local report has said. While the report , which was compiled by local media outlet Punch, notes that the $417.5 million is already significantly higher than the $300 million that was raised in the entirety of 2020, it acknowledges that this growth in funds raised is largely thanks to fintech groups. To illustrate, the report points to the fact that $600 million was raised by fintech startups between 2014 and 2019. To prove that the fintech ...

‘NFT’ Chosen as 2021’s Collins English Dictionary ‘Word of the Year’

http://motleybloggers.com/wp-content/uploads/2021/11/nft-chosen-as-2021s-collins-english-dictionary-word-of-the-year.jpg As 2021 nears its end, the firm Harpercollins, the publisher behind the printed and online Collins English Dictionary, has revealed “The Collins Word of the Year.” According to collinsdictionary.com, the word of the year is the abbreviation for non-fungible token, otherwise known as “NFT.” Collins English Dictionary Word of the Year Is NFT Non-fungible token (NFT) collectibles have obtained a nod from the publishing team behind the Collins English Dictionary . The unabridged Collins English Dictionary is published by the company Harpercollins and was the first dictionary that was typeset using a computer database’s output. On an annual basis, Collins likes to give a specific term the Word of the Year award, and this year the word “NFT” is the grand champion. “‘NFT’, the abbreviation of ‘non-fungible tok...

RChain and Hoo: The Arrow Has Already Been on the String

http://motleybloggers.com/wp-content/uploads/2021/11/rchain-and-hoo-the-arrow-has-already-been-on-the-string.jpg On November 27th, 2021, RChain ‘s founder Greg Meredith and blockchain scientist Atticbee were invited as guests to an AMA hosted by the Hoo Exchange . Hoo is a Dubai based innovation driven crypto exchange and has their in-house developed public chain, HSC, built for the global cryptocurrency market. In this session, Greg Meredith and Atticbee shared the latest developments in RChain and remarkable ideas about the future of the blockchain and metaverse. Built as A Coordination Technology, Instead of Payment Platform According to Greg, RChain focuses on blockchain as a coordination technology to provide a means for global coordination as conditions get more and more severe due to climate change. RChain is designed as a scalable global computer and storage mechanism, rather than a payments system. It is impossible to build a general purpose computer out of a cash regist...

Privacy-Centric Crypto Mixing Protocol Tornado.cash Plans to Deploy on L2 Platform Arbitrum

https://motleybloggers.com/wp-content/uploads/2021/11/privacy-centric-crypto-mixing-protocol-tornado-cash-plans-to-deploy-on-l2-platform-arbitrum.jpg One of the largest cryptocurrency mixing protocols, Tornado.cash, has announced the project will deploy on the L2 (layer 2) Ethereum platform Arbitrum One. The creators of the Ethereum-based mixing application explain that settling on Arbitrum will allow Tornado.cash users to benefit from cheaper transactions. Tornado.cash to Deploy on Arbitrum – ‘Cheaper Transactions Being the Biggest Comparative Advantage’ On November 29, the team behind the ethereum mixing application Tornado.cash revealed the project plans to deploy on the Arbitrum One network. The news follows the project’s recent collaborative efforts that applied network connections to Polygon, Avalanche, Binance Smart Chain, and Xdai. This week, total deposits for Tornado.cash on the Xdai chain crossed $1 million . In terms of ether deposited since the pr...

Plan B Says Bitcoin Price Still ‘on Track Towards $100K’ Despite Missing November’s Price Prediction

https://motleybloggers.com/wp-content/uploads/2021/11/plan-b-says-bitcoin-price-still-on-track-towards-100k-despite-missing-novembers-price-prediction.jpg This month, the price of bitcoin sank below the $60K zone this month after reaching an all-time high (ATH) at $69K per unit. The pseudonymous bitcoin analyst and the creator of the bitcoin price model called stock-to-flow (S2F), Plan B, called the last three months of bitcoin prices correctly but the analyst’s “worst-case scenario” forecast missed the mark in November. Despite the recent bitcoin price drop, Plan B still seems confident bitcoin’s price is “on track towards $100K.” Plan B’s Bitcoin Price Prediction for November Misses the Analyst’s $ 98K Call The infamous pseudonymous bitcoin analyst Plan B is well respected among bitcoiners and has amassed 1.5 million Twitter followers since October 2017. Plan B is the creator of the popular bitcoin price model called stock-to-flow (S2F)...

Google Alerts Users About Malicious Actors Using Cloud for Cryptocurrency Mining

https://motleybloggers.com/wp-content/uploads/2021/11/google-alerts-users-about-malicious-actors-using-cloud-for-cryptocurrency-mining.jpg Google has warned users about the use of its Google Cloud platform by malicious actors to mine cryptocurrencies. In its latest Cloud Threat Intelligence report titled “Threat Horizons,” which provides users with security insights, the company informed that 86% of the compromised instances on Google Cloud platforms were being used to mine cryptocurrencies. Most of the accounts compromised were secured with weak passwords or with no password at all. Google Cloud Used to Mine Cryptocurrencies Software giant Google is alerting users about malicious actors using compromised Google Cloud accounts for mining cryptocurrency. Google Cloud accounts have access to processing power that can be easily redirected to perform malicious tasks. According to the first “Threat Horizons” report , issued by Google to raise awareness about the secur...

Thailand Plans to Become ‘Crypto-Positive Society’ — Governor Says ‘Crypto Is the Future’

http://motleybloggers.com/wp-content/uploads/2021/11/thailand-plans-to-become-crypto-positive-society-governor-says-crypto-is-the-future.jpg Thailand is laying the groundwork to become a “crypto-positive society” with the aim to attract crypto holders and boost its tourism industry. The country hopes to gain back some of the $80 billion in lost tourism revenue due to the Covid-19 pandemic and subsequent shutdown. Thailand Plans to Attract Crypto Holders The Tourism Authority of Thailand (TAT) is working with the country’s regulators to make it easier and more convenient for visitors to spend cryptocurrencies in the country, Bloomberg reported Saturday citing TAT Governor Yuthasak Supasorn. The governor detailed, “There are people who have become wealthy from holding digital currencies and they may want to use the wealth they have accrued,” elaborating: If they can use their currencies here without having to exchange it, or be faced with government taxes, th...

Rich Dad Poor Dad’s Robert Kiyosaki Says He’s Buying Bitcoin and Ether as Inflation Escalates

http://motleybloggers.com/wp-content/uploads/2021/11/rich-dad-poor-dads-robert-kiyosaki-says-hes-buying-bitcoin-and-ether-as-inflation-escalates.jpg The author of the best-selling book Rich Dad Poor Dad, Robert Kiyosaki, has revealed that he is buying more bitcoin and ether amid rising inflation concerns. “Inflation is a tax on the poor and middle class. Inflation makes the rich richer,” he stressed. Robert Kiyosaki Warns About Inflation, Reveals He’s Buying More Bitcoin and Ether Robert Kiyosaki, the author of Rich Dad Poor Dad, has revealed that he is buying more bitcoin and ether in response to the alarming rise he sees in inflation. Rich Dad Poor Dad is a 1997 book co-authored by Kiyosaki and Sharon Lechter. It has been on the New York Times Best Seller List for over six years. More than 32 million copies of the book have been sold in over 51 languages across more than 109 countries. Kiyosaki tweeted last week: Dollar Tree becomes $1.25 Tree. Inflation is a tax on ...

Bank of England Governor Worried About Bitcoin Being Legal Tender in El Salvador

http://motleybloggers.com/wp-content/uploads/2021/11/bank-of-england-governor-worried-about-bitcoin-being-legal-tender-in-el-salvador.jpg The governor of the Bank of England, the country’s central bank, has voiced concerns about El Salvador choosing bitcoin as a national currency. Citing a recent warning by the International Monetary Fund (IMF) against bitcoin’s use as legal tender, the governor said: “What would worry me most of all is, do the citizens of El Salvador understand the nature and volatility of the currency they have.” Bank of England’s Governor Is Concerned About Bitcoin Being Legal Tender in El Salvador Bank of England (BOE) Governor Andrew Bailey raised concerns about bitcoin being used as legal tender in El Salvador while speaking at the Cambridge University student union Thursday. Bailey explained: It concerns me that a country would choose it as its national currency … What would worry me most of all is, do the citizens of El Salvad...

The State of Cardano And Future Of ADA...

http://img.youtube.com/vi/VUVSaFkZjD4/0.jpg https://www.youtube.com/watch?v=VUVSaFkZjD4 Stake your ADA with CCV4 and take part in the SundaeSwap ISO when it launches. MotleyFool Cardano article - https://www.fool.com/amp/investing/2021/11/28/do-this-before-cardano-skyrockets/ 📈 iTrustCapital Self-Trade Cryptocurrency in Your IRA/401K - - TAX FREE! ⬇⬇⬇⬇⬇⬇⬇⬇⬇⬇⬇⬇⬇ iTrustCapital - Get $100 in FREE BTC - https://bit.ly/3k449CR ⚡ 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-Speculative ☰☰☰☰☰☰☰☰☰☰☰☰☰☰☰☰☰☰☰☰☰☰☰☰☰☰☰☰☰☰☰☰☰☰☰☰☰☰☰...

Tanzanian Central Bank Preparing for CBDC to Ensure Country Is Not Left Behind

http://motleybloggers.com/wp-content/uploads/2021/11/tanzanian-central-bank-preparing-for-cbdc-to-ensure-country-is-not-left-behind.jpg Florens Luoga, the governor of the Bank of Tanzania, said the apex bank has kickstarted preparations for a central bank digital currency. He said the bank was doing this to ensure Tanzania is not left behind as other countries adopt digital currencies. Keeping Abreast With Developments on the Continent The Bank of Tanzania (BOT) has started preparations for its digital currency to ensure the country is not left behind others in adopting central bank digital currencies (CBDC), a Bloomberg report has said. The announcement follows reports that Zanzibar — an autonomous Tanzanian region off the coast of East Africa — is also keen on adopting digital currencies. The move by the BOT, which was confirmed by governor Florens Luoga, also comes almost a month after the Central Bank of Nigeria (CBN) became the first central bank on the continent to la...

Annual Volume of Crypto Transactions Made by Russians Reaches $5 Billion, Bank of Russia Finds

http://motleybloggers.com/wp-content/uploads/2021/11/annual-volume-of-crypto-transactions-made-by-russians-reaches-5-billion-bank-of-russia-finds.jpg With the growing capitalization of the crypto economy, Russians have been making crypto transactions worth billions of dollars a year, data gathered by the Central Bank of Russia shows. Russian residents are some of the most active participants in the crypto market, the regulator has acknowledged. Russians Among Most Active Crypto Users, Central Bank Admits True to its hardline stance on decentralized digital money, the Central Bank of Russia (CBR) has recently stated that cryptocurrency operations “carry significant risks for financial stability and investors as well as climatic risks.” The warning has been issued with its Financial Stability Overview for the second and third quarter of 2021. The monetary authority has recognized the rapid growth in the capitalization of the digital currency market this year. According to its...

More Regulations Proposed to ‘Streamline’ Mining Sector in Kazakhstan

http://motleybloggers.com/wp-content/uploads/2021/11/more-regulations-proposed-to-streamline-mining-sector-in-kazakhstan.jpg Authorities need to expand the regulatory framework for cryptocurrency miners, a member of the parliament in Kazakhstan has suggested. The additional rules should streamline their activities and help correct the forming public opinion that they are responsible for the country’s electricity deficit. Crypto Mining in Kazakhstan Needs Additional Regulations, Lawmaker Says New regulatory requirements and criteria for the crypto mining industry must be adopted to streamline its operations while developing a comprehensive ecosystem for digital assets. That’s according to a recent statement by Dyusenbay Turganov, member of the Mazhilis, the lower house of Kazakhstan’s parliament. Quoted by the local business news portal Inbusiness.kz, the deputy noted that mining has been a legal industrial activity since the adoption of legislative amendments in 2020. ...

Nigerian Artist Davido Launches Fan Token That Gives ‘Power Back to the Fans’

https://motleybloggers.com/wp-content/uploads/2021/11/nigerian-artist-davido-launches-fan-token-that-gives-power-back-to-the-fans.jpg Nigerian artist Davido has launched a fan token, the Echoke Social Token, that he says gives “power” to his millions of fans. Eliminating the Middlemen A Nigerian pop artist and celebrity, Davido, recently announced the launch of his fan token, the Echoke Social Token, via his Instagram account. According to Davido’s Instagram post , this token not only eliminates unnecessary third parties, but also allows him to directly connect with fans. Davido explained: Happy to finally announce this thing we’ve been working on for a while. It’s the ‘Echoke Social Token’. Everyday, millions of fans create value that is captured by a few execs in a boardroom. Not any more. We’re giving the power back to the fans. He added that holders of the token will get free access to giveaways, NFTs, backstage passes, jobs, festivals...

Bitcoin’s Hashrate Dips, Mining Difficulty Expected to Decrease for First Time Since July

https://motleybloggers.com/wp-content/uploads/2021/11/bitcoins-hashrate-dips-mining-difficulty-expected-to-decrease-for-first-time-since-july.jpg Bitcoin’s hashrate has been volatile in recent times following the same patterns as the crypto asset’s price. Three days ago, Bitcoin’s hashrate neared the 180 exahash (EH/s) zone only to plummet to 128 EH/s two days later. The recent shifts have taken place before the upcoming network difficulty adjustment, which is due to change on Sunday. After nine increases in a row and for the first time since mid-July, the difficulty will drop lower instead of increasing. Bitcoin Hashrate Slides Following Price Drop — Mining Difficulty Decrease Expected The fiat value of bitcoin ( BTC ) has caused the network’s processing power to slow down toward the end of November. Seven days ago, MotleyBloggers.com News reported on how Bitcoin’s hashrate was steadily climbing higher during the last three months. Today, BTC ’...

Data Shows a Myriad of Crypto Networks Are More Profitable to Mine Than Bitcoin

https://motleybloggers.com/wp-content/uploads/2021/11/data-shows-a-myriad-of-crypto-networks-are-more-profitable-to-mine-than-bitcoin.jpg As the end of the year approaches, digital currency values have risen a great deal in 2021 and crypto asset miners have been profiting as a result. According to statistics, the most profitable coin to mine at the end of November is kadena, as an 18 terahash (TH/s) machine can get up to $326 per day. Scrypt coins are the second most profitable these days with up to $110 per day and Ethash miners can make up to $105 per day. Kadena, Scrypt, Ethash, and Eaglesong Mining Far More Profitable Than SHA256 Mining Close to 13 years ago when Bitcoin first launched, the cryptocurrency could be mined with a central processing unit (CPU). This means that anyone with a decent computer at the time could mine and find bitcoin ( BTC ) block rewards. After that phase, people started to leverage devices with specialized electronic circuits called graphics processing un...

Cardano Is Down Big Time! DO NOT Let This Moment Slip Away...

http://img.youtube.com/vi/YJY3S-1fJUM/0.jpg https://www.youtube.com/watch?v=YJY3S-1fJUM ⬇Stake Your Cardano In Minutes With Crypto Capital Venture!⬇ Stake Your ADA With Ticker: CCV4 Intro 00:00 Is ADA outperforming? 1:20 SundaeSwap ISO and Cardano sentiment shift 1:40 Stake your ADA with CCV4 Crypto Capital Venture mission 4:25 The Cardano opportunity zone begins on weekly 5:40 Cardano daily chart has reached important level 7:15 We have waited months for this ADA dip 9:00 How to accumulate Cardano 11:20 Cardano sentiment shift incoming? 14:20 Cardano has not yet recovered from the recent ADA dip, and it seems there may also be more downside to two targets we have been tracking.In the middle of this ADA dip, we should explore what the best approach to accumulation. 📈 iTrustCapital Self-Trade Cryptocurrency in Your IRA/401K - - TAX FREE! ⬇⬇⬇⬇⬇⬇⬇⬇⬇⬇⬇⬇⬇ iTrustCapital - Get $100 ...

Nigerian Crypto Exchange Raises Over $4 Million in Latest Funding Round

http://motleybloggers.com/wp-content/uploads/2021/11/nigerian-crypto-exchange-raises-over-4-million-in-latest-funding-round.jpg A Nigerian crypto exchange, Busha, recently raised over $4 million in a funding round led by Jump Capital. Busha, a Nigerian cryptocurrency exchange, is reported to have raised a $4.2 million seed funding round recently. These funds, according to the exchange, will be used to expand its operations across Africa. Financial Freedom According to a report by Disrupt Africa, Jump Capital led the funding round that also featured Cadenza Ventures, Blockwall Capital, CMT Digital, Greenhouse Capital, Raba Capital, and other investors. In his comments following the announcement, Busha co-founder and CEO Michael Adeyeri is quoted explaining the exchange’s key objective and how the latest funding round helps the company. He said: Our immediate mission is to onboard the next one million Africans into the crypto economy. We have seen the significant difference in fina...