Month: October 2021

The G-20’s democratic leaders were upstaged by royals

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ROME — It could have been worse. Leaders from the G-20 didn’t shred their climate commitments, they made a vague promise to “boost the supply of vaccines and essential medical products” to developing countries, and they locked-in a global corporate minimum tax rate of 15 percent that — if implemented as planned in 2023 — could force significant change to the tax practices of the world’s largest companies. That’s where the good news ends. While the summit communique — 17 pages long and covering more than 60 topics — is step-up…

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Enjinstarter Announces Successful Completion of Fundraising and Pipeline of Projects for November

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PRESS RELEASE. Singapore-based Enjinstarter (EJS) has completed its Token Generation Exercise (TGE), raising a total of $500,000 via a collaborative fund raising effort over 4 launchpads namely Genesis Shards, Chainboost, Starter.xyz and Enjinstarter’s own launchpad. This followed a highly-successful, oversubscribed private sale that raised $5 Million from prominent Crypto VCs and highly influential angel investors from the Blockchain and Digital Assets industry. According to Enjinstarter CEO, Prakash Somosundram, “Enjinstarter’s native token (EJS) presents an exciting opportunity for token holders who want to ride the massive trend of Blockchain Gaming and…

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Ether Inferno: Ethereum Network Burned Over $2.4 Billion Worth of ETH in 87 Days

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87 days ago, the Ethereum network successfully implemented the London hard fork upgrade, and ever since then over 700,000 ether has been burned, or more than $2.4 billion using today’s exchange rates. 702,886 Ethereum Burned Since the London Hard Fork Data from Dune Analytics indicates that on October 31, 2021, otherwise known as Halloween, 702,886 ethereum (ETH) has been burned. The burning of ethereum started on August 5, 2021, when the Ethereum network successfully implemented the London hard fork upgrade and EIP-1559. At the time, the London hard fork upgrade…

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Celebrating the Seminal Bitcoin White Paper Satoshi Nakamoto Published 13 Years Ago Today

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All around the world cryptocurrency supporters and proponents of blockchain technology are celebrating the 13th anniversary of the Bitcoin white paper. The summary of the inventor’s creation was published on metzdowd.com’s Cryptography Mailing List on Halloween 2008, as it gave birth to an asset with a market valuation of over $1 trillion and sparked the creation of over 10,000+ cryptocurrencies that followed Satoshi Nakamoto’s innovative design. Introducing the Proof-of-Work Chain: A Solution to the Byzantine Generals Problem 13 years ago at approximately 2:10 p.m. (EDT), Satoshi Nakamoto published the Bitcoin…

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America’s poor diet made Covid much worse. Washington isn’t paying attention.

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The same week British Prime Minister Boris Johnson was admitted to intensive care for Covid-19, two studies came out identifying obesity as a significant risk factor for serious illness and death. It was April 2020, and doctors were scrambling to understand why coronavirus gave some people mild symptoms and left others so sick they were gasping for air. After Johnson recovered, he became vocal about the role he believed his obesity had played in his brush with the virus: “When I went into ICU, when I was really ill ……

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Dogecoin, Shiba Inu, Dogelon Mars Lead the Pack of 45 Doge-Like Tokens Capturing Astronomical Gains

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2021 has been the year of decentralized finance (defi), non-fungible tokens (NFTs), and meme tokens as well. During the first week of August, roughly 30 dogecoin-like crypto assets existed and today, there are now 45 tokens with the terms “dog,” “shiba,” and “inu” in their names. Many of these coins have seen astronomical gains this year, outperforming some of the most sophisticated blockchain assets. Who Let the Dogs Out? Doge-Like Meme Tokens Are No Joke When it Comes to Market Gains Digital meme-based currencies have done extremely well this year…

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

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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…

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

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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…

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5 questions when the Supreme Court takes up the Texas abortion law

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Texas’ abortion ban goes back before the Supreme Court on Monday, where both abortion clinics and the Biden administration will argue that the law violates longstanding precedent protecting the right to terminate a pregnancy and threatens to unleash a stream of copycat laws that range far beyond abortion. Though the Court split 5-4 in declining to block the unique ban before it took effect in September, the justices now have before them evidence of the sweeping impact it’s had on the ground. After Monday’s showdown, they may come to a…

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How ‘Dreamers’ Became America’s ‘Forever Children’

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Consider the backdrop against which Democrats in Congress are debating how to help the 11 million undocumented immigrants in this country: Border Patrol agents on horseback rounding up Haitian asylum seekers; toddlers huddled on the frigid floors of detention facilities under Mylar blankets; President Barack Obama’s record deportation numbers; the post-9/11 transformation of border flows into matters of national security; multiple failed attempts at bipartisan, comprehensive reform. In this tumult, one approach — one even endorsed by the Supreme Court — might seem deceptively obvious to any legislator tasked with…

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The suburban Virginia block that explains how Democrats might be about to blow it

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ALEXANDRIA, Va. — Drive down this leafy stretch of Crestwood Drive and it is clear 2021 is an election year in Virginia. A visitor with no other context, however, might suppose that Election Day is still a couple months away. Or perhaps was a couple months ago. It sure doesn’t look like an exquisitely close race for governor in a contest with big national implications is down to its final hours. Here are a couple of yard signs for Democrat Terry McAuliffe. Over there are a couple of signs for…

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Companies mull ending government contracts over vaccine mandate

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Objections among certain vendors over President Joe Biden’s vaccine mandate for federal contractors are reaching an inflection point. As the deadline for workforce vaccination approaches, some trucking companies are mulling whether to end their work with the federal government altogether, according to two industry insiders. In an interview, the American Trucking Associations’ executive vice president for advocacy Bill Sullivan told POLITICO that some companies may simply decide that the cost of the mandate is not worth the government’s checks. Sullivan said he has raised concerns to the White House, Office…

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‘It is a game changer’: Waging war on climate change from space

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The battle against climate change — and to mitigate some of its most deadly effects — is increasingly being waged from space. Satellites are measuring the rate of icebergs calving into the Arctic Ocean and outbreaks of phytoplankton from rising water temperatures and pollution. Soon, they will be used to “persistently pinpoint” the amount of methane and carbon dioxide spewing from factories and power plants most responsible for supercharging the planet. As President Joe Biden and other world leaders gather in Scotland this week for the United Nations’ annual climate…

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

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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…

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Patreon Considers Allowing Creators to Use Crypto for Monetization

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Patreon, the membership platform, is pondering the idea of letting creators in its platform issue their own creator coins. The statement, that constituted a revelation, was offered by Patreon CEO and co-founder Jack Conte and Chief Product Officer Julian Gutman during The Information’s 2021 Creator Economy Summit. This is consistent with a report presented last September that evaluated using crypto as part of the platform. Patreon Flirts With Crypto Patreon, the well known membership organization, is now pondering the idea of introducing crypto elements to add new revenue paths, according…

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Finder Survey: Nigeria’s 24.2% Adoption Rating Is the Highest Rate of Crypto Ownership Globally

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According to the latest Finder Cryptocurrency Adoption Index, in October 2021, Nigeria had the highest rate of cryptocurrency ownership globally, at 24.2%. Bitcoin Is the Most Popular Coin in Nigeria In addition to finding the West African nation as the country with the highest proportion of citizens that hold cryptocurrencies globally, the survey also discovered that “of the 1 in 4 online adults in Nigeria who own some form of cryptocurrency, bitcoin is the most popular coin in Nigeria at 66.5% of crypto owners.” Alternatively, this means more than half…

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A New Academic Paper Describes 3 Attack Methods Against an Ethereum PoS Chain

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Following the Altair upgrade on the Ethereum network, the protocol’s native cryptocurrency reached a new all-time price high. Altair is the next step for the Ethereum’s network’s proof-of-stake (PoS) transition. However, a recently submitted white paper explains that a group of computer scientists from Stanford University and the Ethereum Foundation believe there are three attack vectors “on [a] proof-of-stake Ethereum” blockchain. The 3 Attacks Against Ethereum Thesis Aims to Describe a Proof-of-Stake Problem Based on Evidence The Ethereum network currently has a proof-of-work (PoW) consensus mechanism and in time, the…

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Mad Money’s Jim Cramer Invests in Crypto Because ‘There Could Be Millions of Greater Fools Out There’

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The host of Mad Money, Jim Cramer, has some advice for crypto investors. “As long as you recognize the very real possibility that the whole investment case for crypto rests on the greater fool theory, you’ve got my blessing to speculate on it,” he said. Cramer added that he is holding ether because he believes “there could be millions of greater fools out there.” Jim Cramer’s Crypto Investing Advice The host of the Mad Money show on CNBC, Jim Cramer, talked about crypto investing Thursday. The former hedge fund manager…

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Apple Co-Founder Steve Wozniak Warns Governments Will Never Allow Crypto to Be Out of Their Control

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Apple co-founder Steve Wozniak sees bitcoin as mathematical purity, praising its fixed supply. However, he said that governments will never allow it to be out of their control. “If it got to the point where everything is being done in crypto and didn’t pass through governments for observation and taxation and all that, governments would just disallow it,” said the Apple co-founder. Steve Wozniak Says Governments Will Never Allow Crypto to Be Out of Their Control Apple co-founder Steve Wozniak talked about cryptocurrency in an interview with Yahoo Finance Friday.…

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Dogecoin Accounts for 40% of Robinhood’s Crypto Transaction Revenue in Q3

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Trading platform Robinhood has reported that 40% of its cryptocurrency transaction-based revenue was attributable to transactions in the meme cryptocurrency dogecoin in the third quarter. By comparison, dogecoin accounted for 62% of the company’s transaction-based revenue in the second quarter. Dogecoin Trading on Robinhood Robinhood Markets Inc. stated in its quarterly filing with the U.S. Securities and Exchange Commission (SEC) Friday: For the three months ended September 30, 2021, 40% of our cryptocurrency transaction-based revenue was attributable to transactions in dogecoin. This was a significant decrease from 62% for the…

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Finance Author Says $100K Bitcoin Prices Not ‘So Far-Fetched — Don’t Rule It Out’

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Throughout 2021, there’s been a number of people who have said they expect bitcoin to reach $100K by the end of this year. In more recent times, the six-digit bitcoin price forecasts continue as people are now saying a sudden move to $100K “doesn’t seem so far-fetched.” The Probability of Bitcoin Hitting $100K — ‘Don’t Rule It Out’ Many bitcoin speculators and investors believe the road to $100K is not only probable, but guaranteed. Bitcoin.com News has covered numerous individuals, experts, analysts, and advisors this year that have said bitcoin…

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U.S., EU resolve dispute over Trump’s steel and aluminum duties

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The Biden administration will ease tariffs on steel and aluminum imports from the European Union under an agreement reached Saturday, resolving a Trump-era tension that for years has tarnished trade relations between the longtime allies. The EU will be permitted to send a set amount of steel and aluminum each year into the United States duty free under the new arrangement. The White House hasn’t specified how much will be allowed or what the duties will be on imports that exceed the limits, but the current tariffs are 25 percent…

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G-20 leaders at odds over Beijing Olympics

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ROME — Negotiations on the G-20 summit communique will head into a fourth day on Sunday, as leaders from the world’s leading nations remain at odds on several key issues in the 17-page document. The United States and Canada are objecting to a reference to the 2022 Beijing Winter Olympics and Paralympics — requested by Beijing — “as a symbol of humanity’s resilience and global unity in overcoming Covid-19,” according to a diplomat briefed on the negotiations. Canadian Foreign Minister Chrystia Freeland refused to answer a question from POLITICO on…

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LGND Curates Major NFT Art Gallery at ComplexCon

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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,…

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

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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…

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The 5 key groups fueling Youngkin’s rise

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Glenn Youngkin has caught Terry McAuliffe. But to beat him in next week’s race for governor of Virginia, Youngkin needs to close the deal with key groups of crossover voters and other segments of the electorate that keyed Virginia’s sharp break to the left in recent years. Three of the final surveys ahead of Tuesday’s election showed levels of strength for Youngkin, the Republican, that would have been surprising only weeks before: Christopher Newport University and Washington Post-Schar School polls depicted a tied race, and a Fox News poll had…

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