Frankie MacDonald is the latest internet personality to use his platform to push adoption of Bitcoin to a seemingly new audience. Frankie MacDonald, an amateur meteorologist based in Nova Scotia, has recently been using his platform to talk up Bitcoin in his charismatic voice. In a series of tweets beginning Aug. 8, MacDonald posted videos…
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The number of Bitcoin Cash investors holding at least $3M dropped by 10 since Aug. 1 following the price surge to more than $311. Following a 39% price surge at the end of July, at least 10 Bitcoin Cash whales have left the network, possibly trading or selling their millions in holdings. According to Crypto…
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Coincurve’s Rod Hsu says facial recognition can stamp out social media Bitcoin scams. Facial recognition can help prevent future Bitcoin (BTC) scams like those that hit Twitter and YouTube, said Rod Hsu, president and co-founder of virtual currency platform Coincurve. During an interview with Cointelegraph, Hsu said Bitcoin is an electronic form of currency that…
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With Nifty Gateway recently auctioning a digital artwork and NFT for a record $55,555.55, the art world is on alert. Nifty Gateway, a leading marketplace for nonfungible tokens with the backing of the Winklevoss brothers, recorded its largest-valued auction to-date on July 23 when the digital artwork and NFT “Picasso’s Bull” sold for $55,555.55. The…
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The new Russian “crypto” law provides a regulatory regime for tokenized securities and has no regulation for cryptocurrencies. Russian legislators have passed the nation’s first crypto law after discussing crypto regulation for the last five years. The bill, titled “On Digital Financial Assets,” has had dozens of versions that have varied from one another massively.…
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The VeChain Foundation announced a blockchain-based food safety solution based on its Blockchain-as-a-Service platform, ToolChain. VeChain’s newly released tool offers a suite of whitelabel services that will allow the food sector to implement on-chain safety management services. These services include traceability templates which track things like origin traceability, cross-border traceability, full-process traceability, and more. They…
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The Financial Industry Regulatory Authority’s new request for digital assets activities adds more confusion to the regulatory environment. The United States Financial Industry Regulatory Authority, or FINRA, has once again invited itself to the digital assets oversight party for at least another year. Specifically, on July 9, FINRA published “Regulatory Notice 20-23,” which encourages broker-dealers…
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Iran’s government OKs power plants mining crypto as the country moves forward with a national strategy for cryptocurrency mining. Crypto mining in Iran is set to become even bigger with the government giving the green light for power plants to mine cryptocurrencies like Bitcoin (BTC). The news is the latest piece of positive development on…
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We’re suddenly seeing banks lining up to support crypto custody, and KB Kookmin Bank is looking to get in on the action. KB Kookmin Bank, one of the largest banks in South Korea, has partnered with blockchain venture fund, Hashed, and crypto trading platform, Cumberland Korea, to establish “strategic technology cooperation” on the custody of…
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A new analysis suggests the token supplies for most DeFi projects are not widely distributed, with up to 99% held by the top 500 addresses. Token supplies for most decentralized finance (DeFi) projects are not widely distributed according to an analysis by the co-founder of DeFi Italy and Head of CryptoLab’s Digital Assets Investments Simone…
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