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Investing in cryptocurrency might seem like diving into the great unknown. And in a seemingly Bitcoin-everything world — one in which high-powered computers ensure cryptocurrency is created, exchanged and logged through a series of codes on the blockchain — it can be daunting for any newbie. But rest assured, this solely digital mode of currency is safe — and way more credible — than what many believe. Matt Muller, director of security operations at the cryptocurrency exchange platform Coinbase, explains how every single transaction is validated, reliable and secure. “There can certainly be questions about the process and safety of…
Fresh from re-landscaping El Salvador’s economy, stablecoin company Tether is now giving the southern Swiss city of Lugano a crypto makeover. Tether is helping El Salvador migrate to bitcoin – and it’s now also backing Lugano’s “European Capital of Crypto” ambitions. Lugano’s “Plan B” project is a public-private partnership to attract blockchain start-ups and inspire greater cryptocurrency adoption among companies and citizens. Other Swiss cities, such as Zug, Zurich and Neuchâtel, have successfully built up local blockchain industries. Switzerland now counts well over 1,000 enterprises, employing more than 6,000 peopleExternal link, according to the CV VC Top 50 ReportExternal link. Lugano has already launched its…
The numbers are staggering: according to a recent report by Coldwell Banker Global Luxury, the amount of money invested in luxury real estate in 2021 was greater than 2019 and 2020 combined. And according to data compiled by appraiser Miller Samuel, at least 40 residential properties sold for more than $50 million in the U.S. alone, setting a new record in the ultra-luxury sector. The Lion Heart estate in Virgin Gorda, listed at $39.5 million with Valen Lindner and Jamison Frost of Summit Sotheby’s International Realty, is one of the Caribbean’s most impressive properties(Oil Nut Bay for British Virgin Island Sotheby’s International…
Richard Balmer, director of network product strategy at IPC, explains how massive price swings in the digital asset space could provide an enticing opportunity for computer-driven fund managers. After a prolonged period of low FX market volatility, quant focus hedge funds, renowned for transacting a large number of orders fractions of a second faster than regular investors, are now setting their sights on crypto.With Bitcoin up 10% over the past 24 hours, it is not hard to see why there is so much interest. After all, these guys live and breathe big price swings. And with crypto pairs valued differently…
Cryptocurrency is becoming a more familiar way to pay for things. One way of doing so is as part of a crowd, through decentralized autonomous organizations– or DAOs. In this relatively new kind of group, decisions and choices are governed by holders of one kind of cryptocurrency token, such as Ethereum or Bitcoin, and using “smart contracts” that make decisions through online votes by all participants who wish to weigh in and other forms of automation. DAOs are essentially clubs that harness both crowdfunding and cryptocurrencies to operate in arenas ranging from media and art to sports (and even fashion,…
Manchester City’s new “official cryptocurrency exchange partner” appears to be offering a product to UK consumers which is banned by the UK Financial Conduct Authority because of likely “harm from sudden and unexpected losses”, The Athletic can reveal. The product was mentioned in the publicity surrounding the Manchester City deal. On March 2, City announced the deal with OKX, a “fast, secure and innovative cryptocurrency exchange” based in the Seychelles. Cryptocurrencies like Bitcoin and Ethereum have boomed in popularity over the last year, after rising in value making them appealing as a high-risk asset, although they have slumped in value…
Michael Jordan and son Jeffrey Jordan just released their first NFTs! The NFTs are called 6 Rings and are inspired by Jordan’s several championship rings with the Chicago Bulls. It is also the first NFT collection that will be launched on their platform on Solana called HEIR. The 6 Rings collection features snarling bulls in black, gold, silver, red, and white at a price of 2.3 SOL ($221) on Magic Eden. Jordan’s famous jersey number inspired the price of each NFT. Each Rings holder will be a “founding fan”. They will have access to the platform that connects fans to NBA legends and current players through “huddles”. They…
The Bitcoin Satoshi’s Vision (BSV) blockchain’s – the original Bitcoin blockchain created in 2018 – Switzerland-based organisation has appointed two new BSV Ambassadors as part of its global ambassador programme. Mohammed Ibrahim Jega and Geoffrey Weli-Wosu have both been appointed as BSV Ambassadors for West and East Africa – sharing the title for both regions. BSV Ambassadors are experienced professionals from the BSV ecosystem who work to raise awareness and improve understanding of the BSV blockchain and its corresponding digital currency, as well as the power of the BSV data network protocol to enable a massively scaled data and payments…
The Turkish lira slipped against Bitcoin, hovering around a two-month low after data showed annual inflation skyrocketed in February. The lira has lost about 12% against the world’s largest cryptocurrency this week, data from Coingecko shows. The lira, currently trading at about 590,462 to Bitcoin, also lost about 7% to the dollar over the past week. Inflation accelerated at a record-high 54% in February, data from Tradingeconomics showed, while weekly volumes on BtcTurk, one of Turkey’s largest crypto exchanges, exceeded $2 billion. Turkish inflation has skyrocketed since last year, largely due to President Tayyip Erdogan’s unorthodox stance on monetary policy,…
The mining difficulty of Bitcoin has dropped for the first time since November 2021, correcting approximately 1.49%. This drop follows a series of six consecutive increases in the mining difficulty, which saw the mining difficulty and hash rate of the network hit new all-time highs. As can be seen from the chart above, Bitcoin’s mining difficulty dropped slightly after an 8-month climb. The average hash rate for the network fell to 197 exahashes per second, which resulted in the average block time exceeding the 10-minute target at 10 minutes and 9 seconds. Due to the adjustment in difficulty, miners competing to solve the chain’s…