Latest Market News
Circle, the company building an ecosystem of services around the USD Coin stablecoin, has revealed that it received an investigative subpoena from U.S. securities regulator SEC (Securities and Exchange Commission) in July this year.
Kripton Market, a decentralized online marketplace where goods and services can be exchanged for Bitcoin, will be onboarding more than 700 commercial outlets in El Salvador. Currently, Kripton Market features 150 stores, which are experimenting with the marketplace and seeing the benefits of using Bitcoin.
At least 6,000 Coinbase customers had funds stolen from their account between March and May 10 2021. Hackers first used phishing and other social engineering techniques to obtain passwords and credentials directly from users, and then exploited a flaw in Coinbase's SMS 2-factor authentication system to gain access to the victims' Coinbase accounts. Coinbase says that it is reimbursing the victims.
As we move through Q4, a number of projects are moving ahead with continued development, and this week’s choices are set to benefit from significant updates and announcements that should strengthen their market positions and benefit their communities. The news should also result in increased amounts of attention to each respective currency over the coming weeks.
Since Bitcoin mining got harder and less profitable, a lot of crypto enthusiasts set their sights on cloud mining. Well, that makes sense. Cloud mining providers lease their mining equipment to users according to the set of contracts people buy. And that kind of cooperation has tons of benefits.
El Salvador has started its program of mining Bitcoin using geothermal energy produced by volcanoes, according to the country’s president Nayib Bukele.
Rap artist Snoop Dogg will have his own private mansion in The Sandbox metaverse, accompanied by live concerts that 1,000 NFT holders will be able to attend. The platform's users will also experience Beeple’s NFT-backed digital art “Everydays - The First 5000 Days” in a virtual monument called “The Souk”.
The Cirus crypto-focused ecosystem is designed to tackle the current shortcomings of centralized big data models by decentralizing the data market. With Cirus, internet users globally have an opportunity to retain control and ownership of their data.
HollaEx is an exciting crypto project that, at first, might seem like just another white-label exchange. However, upon deeper inspection, it becomes clear that there is more to this crypto tool. It also functions as an open-source cryptocurrency kit - accessible through GitHub - that can connect any business to the world of blockchain technology.
Facebook is considering supporting non-fungible tokens (NFTs) within its Novi Digital Wallet. The wallet has yet to launch and will come in conjunction with the launch of Diem, the stable digital coin that Facebook initially created in 2019. The stable coin is a digital coin that is backed by a fiat currency like the U.S. dollar. Launching the Facebook stable coin Diem would provide crypto trading opportunities and an environment where NFTs would be supported.
