Terraform Labs CEO Do Kwon Is Suing the SEC

Do Kwon, co-founder and CEO of Terraform Labs, the company that backs the Terra blockchain ecosystem, is suing the U.S. Securities and Exchange Commission (SEC). Kwon, who was served a subpoena while appearing at Messari’s Mainnet conference as a presenter, states this behavior was against the SEC’s own policies, and that they needed to go through proper channels to deliver the subpoena. Do Kwon Takes the Fight to the SEC Do Kwon, the co-founder and CEO of Terraform Labs, the company behind the design and creation of Terra, a smart…

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Bitfarms Mega-Mining Facility Raises Concerns Among Legislators in Argentina

The construction of a bitcoin mega-mining farm in Argentina by Bitfarms is raising concerns for legislators. Martín Berhongaray, a national deputy, recently presented a resolution to force the government to disclose information about the installation of the facility, through representatives from the Ministries of Science, Technology and Innovation, Environment and Sustainable Development, and of the nation’s economy. Bitfarms Mega Farm in Sights of Legislators The ambitious project that Bitfarms, a mining behemoth headquartered in Canada, is building in Argentina, has already started to raise concerns with Argentinian legislators. Martín Berhongaray,…

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Reddit Seeks Senior Engineer for Platform That Features ‘NFT-Backed Digital Goods’

On Friday, American social news aggregation and discussion website, Reddit published a job listing seeking a senior backend engineer for a non-fungible token (NFT) platform. As part of Reddit’s development team, the new hire would help “design, build and ship backend services for millions of users to create, buy, sell and use NFT-backed digital goods.” Reddit’s Job Application Is Looking for a Senior Engineer for a Possible NFT Platform Reddit seems to be in the midst of creating a non-fungible token (NFT) feature on its platform and from a recent…

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Label Foundation Raises $1 Million to Build Blockchain-Based Platform for the MOOC Industry

PRESS RELEASE. The next-generation NFT Infrastructure – Label Foundation has announced the successful completion of its private sale round. Supported by many leading VCs and famous Grammy-winning artists, the NFT platform raised $1.0 million during the private sale that generated major interest from top investors and venture capitalists in the finance and blockchain industries. A major milestone for Label Foundation The private sale round was led by HG ventures and backed by some of the leading venture capitals and institutions in the blockchain sphere, such as GBIC, Mindfulness Capital, IOST,…

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Nigerian President Muhammadu Buhari to Unveil Country’s CBDC

The Nigerian President, Muhammadu Buhari, is expected to formally launch the country’s central bank digital currency (CBDC) on October 25, 2021. High-Level Endorsement of the CBDC According to a statement released by the Central Bank of Nigeria (CBN), the formal event marking the e-naira’s launch will be held at the Buhari’s official residence. After the initial launch was postponed due to different factors, the CBN suggests in the statement that it has done enough to prepare for the launch this time around. The press statement explains: Following a series of…

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Twitter CEO Jack Dorsey Warns Hyperinflation Will Soon Happen in US and the World

Twitter and Square CEO Jack Dorsey has warned that hyperinflation will soon happen in the U.S. and elsewhere in the world. “Hyperinflation is going to change everything. It’s happening,” he predicted. Many people disagreed with him, however. US Will Soon Experience Hyperinflation, Says Twitter CEO Jack Dorsey The CEO of Twitter and Square Inc., Jack Dorsey, tweeted a warning about hyperinflation in the U.S. Friday. “Hyperinflation is going to change everything. It’s happening,” he wrote. Comments flooded his tweet. At the time of writing, it had garnered more than 7K…

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Elon Musk Discusses Important Dogecoin Improvements, Confirms No Investment in Shiba Inu

Tesla CEO Elon Musk has shared what he believes to be the most important dogecoin improvements. He also clarified that he does not have anything to do with the Dogecoin Foundation and is not investing in the shiba inu (SHIB) token. Musk confirmed that he is only holding three cryptocurrencies. Elon Musk on Dogecoin Improvements, Shiba Inu Token Tesla and Spacex CEO Elon Musk made several tweets about cryptocurrency, bitcoin, dogecoin, and the shiba inu token Sunday. Regarding Dogecoin’s improvements, he was asked whether he had any recent interactions with…

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An African Blockchain Enthusiast Launches Expedition That Seeks to Highlight East Africa’s Potential

While the African continent is generally viewed as one of the most ideally placed to embrace and fully exploit the blockchain, the reality on the ground suggests otherwise. The East Africa Blockchain Expedition As Adedayo Adebajo, the managing director of Jelurida Africa and a blockchain enthusiast told Bitcoin.com News, much of the focus in terms of investment has been on two regions, Southern and West Africa. Adebajo suggests in written responses to questions sent to Bitcoin.com News that the East Africa region is being left behind. Therefore, to correct this…

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Adshares.net web3 Marketing Protocol Aims for Metaverse Ads

PRESS RELEASE. Adshares ($ADS) decentralized network working since 2017, created the possibility to connect Publishers and Advertisers directly with the use of blockchain and allows them to sign advertising contracts without intermediaries. The Adshares team is constantly putting in a lot of effort to grow their ecosystem which shows that Adshares is considered one of the biggest players in the decentralized ad network market in the world for a reason. This is well illustrated by the number of impressions of their ads, which surpassed 200 million per month. Metaverse is…

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Bitcoin Hashrate Increases 32% in 3 Months, Stealth Miners Command 12% of BTC’s Hashpower

Bitcoin’s hashrate has been increasing a great deal during the last three months, as it’s increased more than 32% from 103 exahash per second (EH/s) on July 25 to today’s 137 EH/s, with a few highs in between around the 189 EH/s mark. Bitcoin’s price spike has pushed the hashrate higher and in a week’s time, the overall mining difficulty is expected to increase for the eighth time in a row. Bitcoin Hashrate Steadily Rises Higher As bitcoin’s price is still more than 30% higher during the last month, even…

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Beijing Presses Fast-Food Chain McDonald’s to Support Digital Yuan — China’s CBDC Expected to Launch in February

According to a recent report, Beijing is pressing the fast-food retail chain McDonald’s to support the digital yuan before the Winter Olympics in China scheduled for February 2022. The report notes that China is also pushing companies like Visa and Nike to join in on the central bank digital currency (CBDC) rollout. Chinese Government Pushes McDonald’s, Visa, Nike to Accept CBDC The People’s Republic of China is preparing for its full roll-out of the CBDC in February 2022, during the introduction of the Beijing Winter Olympics. According to the Financial…

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5 Dollar-Pegged Tokens Command 94% of the Swelling $135 Billion Stablecoin Market Cap

During the last month, four out of five of the top stablecoins by market capitalization saw their valuations swell in size. At the time of writing, there’s $135.4 billion in stablecoins but the top five collectively represent 94.40% of that total. While the largest stablecoin in terms of market cap increased by 2% over the last 30 days, the stablecoin DAI issued by the Makerdao protocol expanded by 22%. Tether and Circle’s USD Coin Rule the Roost Stablecoins are very popular these days and it’s safe to say that these…

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From $4 to Over $3.1 Million — Miner Transfers 50 ‘Sleeping Bitcoin’ After BTC Sat Idle for 11 Years

On October 22 at 4:52 p.m. (EDT), a miner that acquired 50 bitcoin on May 17, 2010, spent the funds that sat idle for 11 years and five months. There hasn’t been a 2010 block reward spent in three months and the last time a 2010 miner spent their ‘sleeping bitcoin’ was on July 4, 2021. After waiting patiently for more than a decade, the miner who spent the ‘sleeping bitcoin’ on Friday saw a percentage gain of 76,249,900% if the individual cashed out into U.S. dollars today. Old School…

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CryptoDragons Introduces a World-Class Blockchain DNA Project

PRESS RELEASE. NFTs are all the rage right now – they are essentially unique units of data that generally represent a piece of art, media, or other forms of digital files. There are many interesting projects in youthful stages right now, but one of the most prominent NFT projects to arise recently is CryptoDragons. The project is currently offering a limited collection of 10,000 NFT dragon Eggs for minting. The uniqueness of each individual Egg illustration has been generated through Artificial Intelligence, facilitating a process where the technology creates art.…

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Russian Crypto Industry Association Slams Government for Doing ‘Nothing’ to Regulate Sector

The main organization representing participants in the Russian crypto space has lambasted authorities in Moscow for not doing enough to regulate the industry. The criticism comes four years after President Putin directed institutions to legally define the status of digital financial technologies. Regulators Accused of Failure to Take Russian Crypto Market Out of Shadow Russian regulatory bodies have been criticized for their actions regarding the cryptocurrency industry in the country. According to Yuri Pripachkin, head of the Russian Association of Cryptoeconomics, Artificial Intelligence and Blockchain (Racib), their actions are still…

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Cryptocurrency ATM Boom Comes to Colombia

While Colombia is not a country that has embraced cryptocurrencies compared to Venezuela or some African countries, it is the country with the second most cryptocurrency ATMs in the Latam region. The reason behind this could be that Colombia has a high percentage of cash usage. This makes cryptocurrency ATMs a very important tool for adoption in the country. Colombia, Crypto ATM Haven There is a cryptocurrency ATM boom going on in Colombia right now, being this is the country that hosts the second-highest number of these ATMs in the…

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Bank of Russia Not Ready to Allow Bitcoin ETF Trading, Governor Says

Central Bank of Russia isn’t prepared to admit a bitcoin exchange-traded fund (ETF) to the market, the head of the regulator, Elvira Nabiullina, told Russian media. Her statement, reaffirming the bank’s hardline stance on cryptocurrencies that has been recently criticized again, came after the debut of bitcoin ETFs in the U.S. Central Bank of Russia Not Open to Bitcoin ETFs Yet The Central Bank of Russia (CBR) is not ready to permit the trading of ETFs based on bitcoin futures, its chair Elvira Nabiullina said at a press conference this…

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Paris Hilton Lists a Few Pieces From Her NFT Collection via Sotheby’s Metaverse Marketplace

Last week the leading luxury auction house Sotheby’s introduced its non-fungible token (NFT) marketplace called “Metaverse.” The Sotheby’s NFT marketplace has featured a number of collectible artworks including cards from the Rare Pepe card collection. Now the socialite Paris Hilton has introduced a few of her NFTs on Sotheby’s native NFT market featuring works from popular NFT artists such as Chelsea Evenstar and Maalavidaa. Leading Auction House Sotheby’s Introduces Metaverse NFT Market The British-founded American multinational luxury auction headquartered in New York City, Sotheby’s has been going big on non-fungible…

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Silta Finance – Competitive Interest Rates and Fast Due Diligence Draw Project Finance Company Towards Crypto Loans

PRESS RELEASE. Silta Finance, a new DeFi lending solution, challenges traditional banking sector’s predominance in project finance by announcing a partnership with the Singapore headquartered development company WEnergy Global. WEnergy Global has agreed to explore cryptocurrency lending solutions to access project finance. The company is partnering with Silta, a new startup connecting DeFi with infrastructure funding. Silta gives DeFi lenders access to a new real asset class, diversifying the investment universe and offering competitive interest rates. With this deal, WEnergy Global will be one of the first borrowers to receive…

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Mariah Carey Offers Free Bitcoin Bonus to Encourage Fans to Invest in Crypto

Mariah Carey has encouraged her fans to invest in cryptocurrencies. To help them get started, she is offering $20 in free bitcoin via her partnered cryptocurrency exchange. “A portion of your trade will go toward Black Girls Code, a non-profit helping to increase the number of women of color in the digital space,” said Carey. Mariah Carey Offers Free Bitcoin Bonus to Help Fans Get Started Investing in Crypto Award-winning artist Mariah Carey has encouraged her fans to start investing in crypto. Throughout her career, the famous singer, songwriter, and…

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JPMorgan Sees ‘Bullish Outlook’ for Bitcoin as Inflation Concerns Push BTC Price Higher

Global investment bank JPMorgan says inflation concerns are pushing the price of bitcoin to record highs, rather than interest in recently launched bitcoin futures exchange-traded funds (ETFs). Noting that investors are pulling out of gold ETFs into bitcoin funds, the firm noted, “The flow shift remains intact supporting a bullish outlook for bitcoin into year-end.” JPMorgan Sees Inflation Driving up the Price of Bitcoin JPMorgan Chase’s analysts, led by Nikolaos Panigirtzoglou, published a research note last week explaining that inflation has been driving up the price of bitcoin to all-time…

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Thai Prime Minister Cautions Investors Getting Into Crypto as Interest in Digital Assets Soars

The prime minister of Thailand has cautioned investors getting into cryptocurrencies, noting that they are volatile and highly speculative. Recently, interest in cryptocurrencies has soared as young investors in the country discovered that they could make money quickly by investing in cryptocurrencies. Thai Prime Minister Warns About Crypto Investing Ratchada Thanadirek, deputy spokeswoman for the Thai Prime Minister’s Office, said Saturday that Prime Minister Prayuth Chan-ocha is worried about people investing in cryptocurrencies, particularly young investors. The warning came as the prime minister learned that Thai people entering the workforce…

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The NFT Magazine Project Plans to Drop a Periodical in the Form of an NFT on Ethereum

On November 2, a non-fungible token (NFT) magazine is coming to the Ethereum blockchain called “The NFT Magazine” — a periodical publication containing articles and illustrations in the form of an NFT. The project, promoted by Advtech IT Solutions, has partnered with members of the Zilliqa, Algorand, and Bitcoin Cash blockchain communities, alongside Art Rights, Artuu, The Cryptonomist, and the Poseidon Group. The NFT Magazine — A Non-Fungible Token Periodical Featuring Blockchain Topics and Crypto Artists Non-fungible token (NFT) assets and collectibles have become a mainstay in the world of…

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Mining Firm Titan Introduces Lumerin, a Project Aiming to Commodify Bitcoin’s Hashpower

On October 21, the bitcoin mining pool operator Titan revealed a new decentralized hashpower routing protocol called Lumerin. The open-source project aims to commodify bitcoin’s hashpower “through smart contracts, making hashpower tradable.” Bloq’s Mining Arm Titan Announces the Lumerin Protocol The bitcoin mining operation Titan, a subsidiary of the company Bloq Inc., has announced its decentralized hashpower routing protocol, “Lumerin.” Titan says that bitcoin mining companies “tend to be concentrated in regions that offer cheap electricity, favorable regulation, and stable infrastructure” and it aims to solve centralization via software. The…

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Analyst Suggests Bitcoin’s Bottom Could Be $50K Assuming BTC Surpasses $200K This Cycle

The price of bitcoin in October has shown signs of a double-bubble similar to the bull run in 2013, and speculators have been trying to guess the leading crypto asset’s top. On October 20, cryptocurrency market analyst Justin Bennett discussed bitcoin’s possible price floor after it reaches the top. Bennett suggests the end of this cycle could be between $207,000 and $270,000. Assuming bitcoin crosses $200K per coin, Bennett thinks the digital asset’s bottom after an 80% pullback will be around $50K. ‘2013 Vibes,’ ‘End-of-Cycle Targets,’ and Searching for the…

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Investment Advisers Prohibited From Crypto Activities in India, Regulator Warns

The Securities and Exchange Board of India (SEBI) has issued a warning that registered investment advisers are not allowed to engage in unregistered activities. This warning includes crypto activities since crypto is currently an unregulated industry in India. SEBI Warns Registered Investment Advisers Cannot Engage in Crypto Activities Indian securities and commodity market regulator, the Securities and Exchange Board of India (SEBI), issued a notice regarding “unregulated products” Thursday. “It has come to the notice of SEBI that some registered investment advisers [RIAs] are engaged in unregulated activity by providing…

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Nigerian Agency Finally Registers Blockchain Start-up, Blames Employee for Rejection of First Application

Just a few days after reports emerged that it had refused to process a company registration application by Flint API limited, the Nigerian agency Corporate Affairs Commission (CAC) has now registered the blockchain start-up. The agency however blames an unnamed employee for the failure to process the application. The CAC’s About-turn According to a report, the agency’s reversal of its earlier decision followed an intervention by the CAC’s registrar-general Alhaji Garba Abubakar. As reported by Bitcoin.com News, the CAC’s refusal to register the start-up had prompted directors of an incubating…

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ADALend Makes It on “the Essential Cardano List” by IOHK

Input-Output Hong Kong (IOHK) has listed ADALend on their :Essential Cardano List” of projects that are considered part of the ecosystem supporting and providing Cardano users with products and services. “The Essential Cardano List” gives an overview of the Cardano ecosystem with an accompanying map, a central library of materials, Cardano Foundation, and Emurgo resources, as well as community-generated materials and a list of current stake pools. ADALend’s inclusion in the list marks a milestone for the project and its plans to broadcast consumer awareness for the project and its…

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Report: Leading South African Bank Sends Account Termination Notices to Crypto Arbitrage Traders

One of South Africa’s biggest banks, Standard Bank, has reportedly sent account termination notices to clients that offer automated cryptocurrency arbitrage services. Bank’s Criteria Questioned This move, according to a Mybroadband report, has sent shockwaves through the cryptocurrency industry. The sending of the notices has also raised questions about the criteria that Standard Bank is using when making a decision on which accounts must be terminated. For example, Carel de Villiers, the co-founder of an arbitrage trading firm Shiftly, is one individual quoted questioning the formula that Standard Bank is…

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Single Mining Farm Needs as Much Power as 24,000 Homes, Kazakhstan Estimates

Authorities in Kazakhstan have calculated the energy used in the country’s crypto mining industry which competes for electricity with other sectors of the economy and households. The government has also estimated the additional supply necessary to meet the growing demand from mining farms and proposed a cap on the power rating of new facilities. Kazakhstan Measures Power Usage in Crypto Mining Sector, Estimates Deficit In an effort to explain why Kazakhstan is considering imposing restrictions on new cryptocurrency mining operations, the Ministry of Energy told local media that data centers…

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