Crypto
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The UK ‘Bitcoin Adventure’ shows BTC is a family affair
Bitcoin (BTC) is for everyone: toddlers, kids, hard rockers and even racing pigs. At the “Bitcoin Adventure” held in Avon Valley, near Bristol, Bitcoiners and hobbyists shared their knowledge, quips and personal journeys down the Bitcoin rabbit hole despite the predictably wet United Kingdom weather. Better still, Bitcoin’s “toxic maximalism” was MIA. pic.twitter.com/7IOtpYuSDh — The Bitcoin Adventure (@TheBTCAdventure) July 3, 2022 A world-first for a Bitcoin meetup, the “Adventure” took place at a wildlife park. So while some of the U.K.’s household name Bitcoiners headlined the main stage, the 250 attendees who bought tickets, (payment in BTC, naturally) could also play with the park’s furry Bitcoiner mascots: petting goats, cuddling rabbits and specta...
The UK ‘Bitcoin Adventure’ shows BTC is a family affair
Bitcoin (BTC) is for everyone: toddlers, kids, hard rockers and even racing pigs. At the “Bitcoin Adventure” held in Avon Valley, near Bristol, Bitcoiners and hobbyists shared their knowledge, quips and personal journeys down the Bitcoin rabbit hole despite the predictably wet United Kingdom weather. Better still, Bitcoin’s “toxic maximalism” was MIA. pic.twitter.com/7IOtpYuSDh — The Bitcoin Adventure (@TheBTCAdventure) July 3, 2022 A world-first for a Bitcoin meetup, the “Adventure” took place at a wildlife park. So while some of the U.K.’s household name Bitcoiners headlined the main stage, the 250 attendees who bought tickets, (payment in BTC, naturally) could also play with the park’s furry Bitcoiner mascots: petting goats, cuddling rabbits and specta...
Does the Metaverse need blockchain to ensure widespread adoption?
Many assume, too, that blockchain technology will play a key role in the Metaverse, along with other emerging technologies such as artificial intelligence (AI) and virtual reality (VR). But, is the use of blockchain really a foregone conclusion? Stanford University professor Jeremy Bailenson recently moderated a World Economic Forum panel with some of the world’s leading thinkers of the Metaverse and blockchain. “The first question posed to the panel was ‘Do we need the blockchain for the metaverse?’” Bailenson, founder of Stanford’s Virtual Human Interaction Lab, recounted to Cointelegraph. “The consensus was that the Metaverse could exist without blockchain.” As an example, Bailenson offered up metaverse pioneer Second Life, founded in 2003, which has 70 million current registered accoun...
Does the Metaverse need blockchain to ensure widespread adoption?
Many assume, too, that blockchain technology will play a key role in the Metaverse, along with other emerging technologies such as artificial intelligence (AI) and virtual reality (VR). But, is the use of blockchain really a foregone conclusion? Stanford University professor Jeremy Bailenson recently moderated a World Economic Forum panel with some of the world’s leading thinkers of the Metaverse and blockchain. “The first question posed to the panel was ‘Do we need the blockchain for the metaverse?’” Bailenson, founder of Stanford’s Virtual Human Interaction Lab, recounted to Cointelegraph. “The consensus was that the Metaverse could exist without blockchain.” As an example, Bailenson offered up metaverse pioneer Second Life, founded in 2003, which has 70 million current registered accoun...
Sango crypto hub goes live in the Central African Republic
The Central African Republic (CAR) has launched its new government-backed Sango crypto hub initiative to foster the development of the local digital asset sector. The Sango project follows the CAR’s adoption of Bitcoin (BTC) as legal tender in April. The initiative aims to attract businesses and global crypto talent/enthusiasts, ramp up local BTC adoption and oversee the rollout of crypto regulatory frameworks and infrastructure. A metaverse platform dubbed The Crypto Island and Sango Coin is also in the works. Speaking at the launch event on Sunday, President Faustin-Archange Touadéra outlined the vision for Sango is to have a “common cryptocurrency and an integrated capital market that could stimulate commerce and sustain growth.” One of the key points President Touadéra emphasized was f...
British Army’s social media accounts hacked by crypto scammers
The British Army’s official Twitter, Facebook and YouTube accounts were breached on Sunday for almost four hours, with scammers promoting rip-off nonfungible token (NFT) collections and cryptocurrency scams. Just after 2:00 pm EST on Sunday, the United Kingdom Ministry of Defence (MOD) Press Office tweeted it was aware the Army’s social media accounts were compromised and had begun an investigation. Nearly four hours later, close to 5:45 pm EST, the Office provided an update that the account breaches were resolved. The British Army’s official Twitter account also apologized for the posts, saying it would conduct an investigation and “learn from this incident.” The breach of the Army’s Twitter and YouTube accounts that occurred earlier today has been resolved and an investigation is u...
USD stablecoin premiums surge in Argentina following economy minister’s resignation
Argentina, a country with one of the highest crypto adoption rates in the world, saw the price of dollar-pegged stablecoins surge across exchanges on Saturday after the abrupt resignation of its Economy Minister, Martin Guzman. The minister’s shock exit, confirmed on his Twitter account on July 3 via a seven-page letter, threatens to further destabilize a struggling economy battling high inflation and a depreciating national currency. According to data from Criptoya, the cost of buying Tether (USDT) using Argentinian pesos (ARS) is currently 271.4 ARS through the Binance exchange, which is around a 12% premium from before the resignation announcement, and a 116.25% premium compared to the current fiat exchange rate of USD/ARS. The local crypto price tracking website has also revealed...
Haters to unite at the first conference for crypto skeptics
In the middle of crypto’s latest bear market, industry and asset class detractors have rallied together to share their skepticism and network with lawmakers at their own anti-crypto conference. Whereas most crypto conferences exist to promote the latest developments on the cutting edge of the industry, crypto critic journalist Amy Castor said in her July 3 blog post that the Crypto Policy Symposium promises a way for disgruntled nay-sayers to voice their negativity. Crypto skeptics step up lobbying efforts with their first conference – Amy Castor https://t.co/DdUjSfFPIQ — your #1 source for absurdist true crime (@davidgerard) July 3, 2022 Author and symposium organizer Stephen Diehl explained to Castor that this first major anti-crypto event aims to provide the community a way to speak dir...
Crypto’s ongoing crisis is an opportunity for realignment
It’s not a great day to be in crypto. Perhaps you’ve seen an article (or 20) about this. Perhaps you’ve been on Twitter, where our detractors are cackling gleefully over every headline, each one more harbinger-of-doom-esque than the next. To be fair, things are going badly. Crashed, collapsed, erased, plunged, obliterated and imploded are the operative verbs in most coverage, and they’re not being used incorrectly or in an exaggerated manner. There’s no putting a positive spin on a week where $400 billion in value just evaporated. Even for the most furiously determined buy-the-dippers and diamond-handed believers who feed off detractors and never say die, it’s dire out there. I’m not interested in making a case for buying the dip or for dipping out forever and getting into, say, stockpilin...
6 Questions for Alyssa Tsai of Panony
We ask the buidlers in the blockchain and cryptocurrency sector for their thoughts on the industry… and throw in a few random zingers to keep them on their toes! This week, our 6 Questions go to Alyssa Tsai, founder and CEO of Panony — an incubator, investor and adviser for blockchain and Web3 business. My name is Alyssa Tsai, and I’m the founder and CEO of Panony. There are three pillars of businesses under our group umbrella. PANews is one of the earliest crypto media outlets in Greater China and South Korea. It has published over 20,000 articles, with an average of over 5 million page views per month. At Panony, we invest in blockchain projects worldwide and consult Fortune 500 companies for integration and expansion into the industry, spanning the entire spectrum of the blockcha...
Are expiring copyrights the next goldmine for NFTs?
Although non-fungible tokens (NFTs) are most commonly known in the form of digital art, they exist in many other forms and represent much more than just art. In the creative industry, NFTs have been used by musicians such as Kings of Leon to release their latest album. In the sports industry, NFTs are created to record the highlights of major sporting events such as the NBA. In the consumer product industry, Nike, Gucci and many others are selling their digital branded products in the form of NFTs. A lot more real-world applications of NFTs are still to be explored and one of them is the digital publishing industry. The game-changing implications of publishing and promoting books with NFTs have already been discussed extensively by many. For example, the Alliance of Independent Autho...
Top 5 cryptocurrencies to watch this week: BTC, SHIB, MATIC, ATOM, APE
The bears are attempting to sink Bitcoin (BTC) below $19,000 to further cement their advantage over the crypto market. Analysts watching Bitcoin’s MVRV-Z Score, a metric which measures how high or low Bitcoin’s price is relative to “fair value,” expect an even deeper fall before the bottom is finally reached. However, economist, trader and entrepreneur Alex Krueger pointed out that Bitcoin’s volume hit an all-time high in June. Usually, the highest volume in a downtrend is indicative of capitulation and that “creates major bottoms.” If Bitcoin follows the historical pattern of the 2018 bear market, Krueger expects the bottom to form in July. Crypto market data daily view. Source: Coin360 Due to the tight correlation between Bitcoin and the S&P 500, crypto traders will have to keep a cl...
