Metis: First Ever Community-Minted NFT Attracts Buyers With an Early Bid of 7 ETH

PRESS RELEASE. The first ever community-minted NFT launched at OpenSea this week, attracting a bid of 7 ETH for this historic event and giving 256 lucky users the opportunity to share the proceeds of the NFT auction with the artist. That large bid is the latest stage of a highly popular campaign, one that saw the opening rounds of NFT minting happen in a matter of minutes, instead of the expected span of five days. More than 12,000 clients enrolled wallets to the MetisDAO.org website as part of the NFT…

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The Benefits of Coupling Ethereum With Bitcoin Cash: Smartbch Sidechain Testnet Is Now Public

On Thursday, the Smart Bitcoin Cash team announced the launch of the Smartbch testnet explaining that developers and decentralized app makers can now experiment and develop with the high-performance, EVM-compatible Bitcoin Cash sidechain. Further, Bitcoin.com News spoke with Wang Kui the lead developer of the Smartbch project. The Smartbch tech lead told our newsdesk about the inner workings of the sidechain that can connect with the Ethereum network. Testnet for Smart Bitcoin Cash, a Bitcoin Cash Layer-2 Project Is Live During the last few weeks, the Smartbch project has been…

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Bitcoin vs Ethereum: Investment Bank JPMorgan Explains Why ETH Is Outperforming BTC

Investment bank JPMorgan has published a report explaining why ether is outperforming bitcoin. Citing several key reasons, the firm concluded that “there is evidence of more resilient liquidity, less reliance on derivatives markets to transfer and warehouse risk, and more durable underlying demand base – for now at least.” JPMorgan Says Ether Outperforms Bitcoin JPMorgan published a report on Tuesday entitled “Why is ETH outperforming?” The analysts with the firm’s Fixed Income Strategy for the U.S. wrote: In recent days, one of the more interesting developments in cryptocurrency markets has…

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Task Force Pushes Biden Administration to Tighten Cryptocurrency Regulation

A public-private task force has submitted a report to the Biden administration that includes recommendations to tighten the regulation of cryptocurrencies, including bitcoin, with the aim to combat ransomware. “The cryptocurrency sector that enables ransomware crime should be more closely regulated,” the task force wrote. White House Urged to Tighten Crypto Regulation A task force, organized by the Institute for Security and Technology, submitted a report entitled “Combating Ransomware” to the Biden administration Thursday with 48 recommendations, some of which aim at tightening crypto regulation. The recommendations were developed by…

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Coinbase Now Allows Millions of Customers to Buy Cryptocurrencies With Paypal

Cryptocurrency exchange Coinbase now allows its U.S. customers to buy cryptocurrencies with Paypal. Millions of customers can now purchase up to $25,000 a day of cryptocurrencies with their Paypal accounts. Coinbase Adds Paypal as Funding Source for Users Coinbase announced Thursday that Paypal has been added as a funding source for buying cryptocurrencies at the exchange. The Nasdaq-listed company wrote: We are now offering millions of customers in the US a simple and speedy way to buy crypto on Coinbase using your debit cards and bank accounts linked to Paypal.…

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Jobchain Optimizes Job Search and Salary Payment With Cryptocurrency

Famous Spain-based project Jobchain has developed an intuitive blockchain solution that allows employers to search for talents and pay employees with cryptocurrency, thus saving valuable time. And some of the major enterprises have already experienced the practice’s benefits in real-world scenarios. The Goal of Jobchain There is nothing more appealing to crypto proponents than accessing more crypto income-generating products. Hence, the emergence of Jobchain has found a strong following amidst surging demand for digital assets. The ecosystem proposes radical solutions to the global unemployment and underemployment crises and enables a…

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Canaan to Sell $93 Million in Next-Generation Bitcoin Miners to Genesis Digital Assets

The ASIC bitcoin mining rig manufacturer and chipmaker, Canaan has announced the company has signed a $93.63 million purchase order with the mining firm Genesis Digital Assets. Genesis will be acquiring Canaan’s A1246 Avalonminer rigs that produce 90 terahash per second (TH/s) and deliveries will be shipping during the second half of 2021. Canaan and Genesis Digital Assets Announce a Strategic Partnership According to an announcement from the Beijing, China-based company Canaan (Nasdaq: CAN) a new strategic partnership has been unveiled between the firm and Genesis Digital Assets. The two…

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Customers From Latin American E-Commerce Giant Mercado Libre Can Buy Real Estate With Bitcoin

The biggest e-commerce store in Latin America is the latest major company in the region to join the crypto adoption movement. Mercado Libre is now allowing its customers to buy a selected number of properties from real estate agencies with bitcoin. Properties Listed Don’t Offer Alternative Payment Methods Aside From Bitcoin According to the announcement, the firm created 20 years ago offers 75 properties on sale from seven agencies that accept bitcoin (BTC) as the only payment method. The houses, apartments, lands, among others, are located in several Argentinean cities,…

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Cardano Blockchain Infrastructure Selected in a New Drive to Bring Sustainable Internet Connectivity to Zanzibar and Tanzania

In its foray into Africa, Input Output, a research and development product engineering company, says it will partner with World Mobile Group in a new initiative aimed at bringing sustainable internet connectivity to users in Zanzibar and Tanzania. According to the partnership agreement, the Cardano blockchain infrastructure will be used to provide affordable network nodes to local business owners. Partnership to Open New World According to a statement that shares some details about this working arrangement, subscribers to these networks will be able to access Input Output’s digital identity solution,…

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European Investment Bank Distributes $121 Million in Ethereum-based Digital Bonds

The European Investment Bank (EIB), the investment bank owned by the EU Member States, has announced the issuance of the organization’s first-ever digital bond built on a public blockchain. The bond was issued using Ethereum and the issuance invoked $121 million two-year bonds placed with key market investors. EIB Issues Digital Bonds Built With Ethereum Technology The EIB, a not-for-profit organization and lending arm of the European Union announced on Wednesday that the bank has issued a new type of digital bond built using blockchain technology. On April 28, 2021,…

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