Crypto news
Former Ethereum developer Virgil Griffith sentenced to prison
Virgil Griffith pleaded guilty the morning before his trial last year – a decision that took many by surprise In addition to a jail sentence, he was fined $100,000 for being in violation of sanctions against the Democratic People’s Republic of Korea (DPRK) The verdict on the case against Ethereum ex-developer Virgil Griffith was delivered on Tuesday by US District Judge Kevin Castel, who sentenced the programmer to five years and three months in prison. Griffith, known for his work on the smart contracts blockchain Ethereum and the WikiScanner tool, was arrested by the FBI in November 2019, half a dozen months after his speech at a cryptocurrency conference in North Korea. The Department of Justice (DoJ) asserted that Griffith shared information to the Kim Jong Um administration on how to ...
Nexo launches crypto card…and you don’t have to sell your coins
Nexo, the digital asset lending institution, today launched the Nexo Card. In a partnership with MasterCard, the crypto-powered card boasts the ability to be used to transact with over 90 million merchants. And the thing that makes it one-of-a-kind? You don’t have to sell your crypto. Which for crypto people, is a very good thing. Keep Your Assets That’s because the Nexo Card is linked to a crypto-backed credit line with Nexo, which starts at 0% APR and is capped at 13.9%. So rather than spending your digital assets, you instead use them as collateral – a pretty neat piece of innovation. Furthermore, the collateral mechanism is dynamic, and you can put up multiple assets against your credit – such as a mix of Bitcoin, Ethereum stablecoins and much more. It’s a product which crypto enthusia...
Stablecoins are the perfect trojan horse for Bitcoin, says Tether CTO
As one of a number of Cointelegraph representatives attending the Paris Blockchain Week Summit (PBWS) at the historic Palais Brongniart — a neoclassical building previously serving as the headquarters for the Parisian stock exchange from 1826 to 1987 — European news reporter, Joe Hall sat down for an in-depth interview with the Chief technology officer of Bitfinex and Tether, Paolo Ardoino. Previously ranked 88th in Cointelegraph’s prestigious Top 100 2021 for his influential impact on the growth of the decentralized finance (DeFi) ecosystem, Ardoino spoke on an array of topics including the adoption of Bitcoin and Tether as de facto legal tender in the Swiss city of Lugano, the scalability concerns of popular blockchain networks, as well as the potential for new countries to accept Bitcoi...
New crypto card by Nexo allows users to pay without selling Bitcoin
Major cryptocurrency loan company Nexo has officially launched a crypto-backed Mastercard card enabling users to pay for services with cryptocurrencies like Bitcoin (BTC) without selling their crypto. Nexo has partnered with Mastercard and the peer-to-peer payment startup DiPocket to launch the Nexo Card, a crypto card allowing cardholders to use their crypto as collateral rather than selling it, the firm announced to Cointelegraph on Wednesday. The card is linked to a Nexo-provided, crypto-backed credit line allowing to use of multiple assets as collateral, including but not limited to Bitcoin, Ether (ETH) and the Tether (USDT) stablecoin. “The Nexo Card functions through Nexo’s crypto-backed credit lines, which means that funds for your purchases come from your available credit lin...
Crypto portfolios: How much of a stablecoin allocation is too much?
Cryptocurrencies are well-known for being volatile assets, which means that experienced traders have plenty of opportunities in the space. Investors can expect to be taken on a wild ride if they plan on holding for a long time. Stablecoins, a class of cryptocurrencies that offers investors price stability pegged to the value of fiat currencies, offer investors a safe haven when market turbulence hits but may represent missed opportunities over time. Speaking to Cointelegraph, several experts have stated that retail investors should approach cryptocurrencies with a “pay yourself first” attitude and that an allocation of up to 5% in crypto should be relatively “safe” while allowing for “marginal return.” Stablecoins are entirely different: No “marginal return” can be expected from simply hol...
ApeCoin eyes 250% rally amid ‘bull pennant’ breakout, Robinhood APE listing rumors
ApeCoin’s (APE) market valuation could grow by nearly 250% in the second quarter of 2022 as it breaks out of a widely-tracked, classic technical pattern. APE price “bull pennant” breakout underway On April 13, APE’s price broke above the upper trendline of what appears to be a “bull pennant” chart pattern. Bull pennants appear when the price consolidates inside a triangle-like structure following a strong uptrend. Many traditional analysts consider them as continuation patterns, for they typically result in the price breaking out in the direction of its previous trend. As a rule, traders estimate a bull pennant’s upside target by measuring the size of the previous uptrend, called “flagpole,” and adding it to the breakout point. Applying...
Serenity Shield launches First Non-Custodial Private Key Inheritance System
Serenity Shield, an innovative startup focused on providing real solutions to real issues around wealth management in the blockchain sector, has announced a novel non-custodial seed recovery solution aimed at helping crypto users manage their money with regard to inheritance plans. Serenity Shield’s Digital Asset Legacy offers a non-custodial seed recovery solution that can help family members access any crypto inheritance left for them in case of an investor’s sudden death. Losing private keys permanently locks any crypto holdings away’ As a non-custodial product, Digital Assets Legacy provides for a secure mechanism through which an individual can nominate heirs. This way, long-term crypto holders can safely pass down their wallets, proving for further adoption of digital assets as...
BOTLabs Trusted Entity GmbH launches Web3name, app for making custom digital names
BOTLabs Trusted Entity GmbH (BT.E) has launched web3name, an application for creating custom names to represent people’s digital identities. The application is built on the KILT blockchain. Users will be able to link their SocialKYC credentials like email addresses, Twitter, GitHub, Twitch, and Discord. Creating the custom name on Web3name is free, though for a limited time, as noted in the app’s promo page. Web3name makes Web3 easier to use and more accessible to all by providing a personal and recognizable way for people to represent their digital identity. The created custom identity is personal Once one creates a custom digital identity on Web3name, the name remains theirs forever unless they wish to give it up upon when they can return it to the web3bame universe. Once the name is cre...
Oracle tokens do not want to miss: LINK, UMA and API3
Chainlink (LINK), UMA (UMA) and API3 (API3) have all showcased solid signs of growth. Each of these tokens will grow in value going forward. We will go over each token individually and analyze its value. Chainlink (LINK), UMA (UMA), and API3 (API3) are all solid Oracle tokens that you can get on April 13. We are going to go over each token individually so you can know what to expect in terms of their growth. Should you buy Chainlink (LINK)? On April 13, 2022, Chainlink (LINK) had a value of $13.87. When we look at the all-time high of the token, Chainlink (LINK) had its ATH on May 10, 2021, when the token reached a value of $52.70. Going over the performance of the token in March, Chainlink (LINK) had its lowest point on March 7 at $12.55, while its highest point was on March 31 with...
PayMaya’s parent company Voyager Innovations raises $210M
Voyager plans to enhance the services offered by PayMaya, including cryptocurrency solutions The company will use the recent funding to boost its efforts to employ the digital economy in serving the unbanked and underserved. Voyager Innovations, the parent company of the leading digital payments application in the Philippines, PayMaya, has announced that it recently completed a $210 million funding round at a $1.4 billion valuation. Pushing it into unicorn status, the funding round was led by Asia’s SIG Venture Capital. Other investors who participated in the funding round were Tencent, First Pacific, and PLDT – Philippine’s largest telecommunication service provider. “The strong endorsement from our new shareholders and participation of our existing investors in this fundraising validates...
Ripple claims ‘a very big win’ in SEC case
Ripple Labs has struck a blow against the Securities and Exchange Commission’s (SEC) case after the presiding judge made a ruling that one Ripple community lawyer calls “a very big win for Ripple.” The SEC filed suit in 2020 against Ripple and executives Brad Garlinghouse and Christian Larsen for selling unregistered securities. Presiding Judge Sarah Netburn denied the SEC’s request to reconsider shielding documents under privilege related to a June, 2018 speech made by Ripple’s then-director Willian Hinman. In the speech, Hinman said Bitcoin (BTC) and Ethereum (ETH) are not securities. The SEC previously did not object to those documents falling outside deliberative process privilege (DPP) protection, as it suggested they concerned only Hinman’s personal views, not Ripple policies. ...
Facebook whistleblower warns Metaverse will repeat ‘all the harms’
Facebook whistleblower Frances Haugen has taken aim at Meta in a new interview, suggesting that its version of the Metaverse will simply repeat all of its past mistakes. In an interview with Politico, Haugen said: “They’ve made very grandiose promises about how there’s safety-by-design in the Metaverse. But if they don’t commit to transparency and access and other accountability measures, I can imagine just seeing a repeat of all the harms you currently see on Facebook.” In 2021 Haugen leaked thousands of internal documents from Facebook to the Securities and Exchange Commission and The Wall Street Journal. Her experience working for the company has left her with concerns about privacy issues and about letting the corporation amass data about every aspect of u...
