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“# US State Department offers up to $10 million in crypto rewards to white hat hackers ” The United States government is offering rewards in cryptocurrency for information relating to the operations of enemy state-backed hackers or suspected terrorists. The U.S. State Department’s new “Rewards for Justice” platform allows informants to submit anonymous tips and…
“# Bitcoin mining difficulty jumps a second time as miners settle offshore ” The mining difficulty of the Bitcoin network took a dive after China had announced a crackdown on mining operations, which at its peak contributed to three-quarters of the global hash rate. The latest data from BTC.com shows an ongoing spike in Bitcoin’s mining…
“# NFTs are a game changer for independent artists and musicians ” The revolution will not be televised — it will be minted. Earlier this year, we saw the meteoric rise (and fall) of nonfungible tokens, or NFTs, in mainstream media and popular culture. We all heard about them, but was the hype real? Top…
“# 1inch Foundation plans to distribute 10M tokens to compensate for gas costs ” The non-profit arm of decentralized exchange aggregator 1inch plans to give away more than $23 million to users starting September 1. In an announcement on Tuesday, the 1inch Foundation said it would begin distributing 10 million of its native 1INCH in…
“# Visa reports over $1 billion in crypto spending in H1 2021 ” Global payments giant Visa will continue to support the development and adoption of the cryptocurrency industry as part of its business, the company said in its latest crypto update. In an official statement on Wednesday, Visa announced that its crypto-enabled cards processed…
“# Ether already ‘flippening’ Bitcoin, says Celsius CEO ” Bitcoin (BTC), the largest cryptocurrency by market capitalization, has already started losing its market dominance to Ether (ETH), according to Celsius Network CEO Alex Mashinsky. In a Monday interview with Kitco News, Mashinsky argued that the Ether “flippening,” or the hypothetical scenario in which Ether overtakes…
“# Celsius users to receive yield from its $200M Bitcoin mining investment ” Alex Mashinsky, the CEO of centralized crypto money market Celsius, has revealed that a share of profits from the company’s recent $200 million investment into Bitcoin mining infrastructure will be redistributed back to depositors. Speaking to Cointelegraph, Mashinsky stated the firm’s mining…
“# Singapore’s central bank offers cash prizes for digital currency ideas ” The Monetary Authority of Singapore, the country’s central bank and a major financial regulator, is challenging fintech companies to pitch solutions for a central bank digital currency, or CBDC. On Monday, the central bank officially announced a global challenge that seeks new retail CBDC…
“# Kyber expands to Polygon, announces $30M ‘Rainmaker’ liquidity mining program ” Decentralized finance (DeFi) liquidity hub Kyber Network (KNC) is set to become the next DeFi protocol to enter the expanding Polygon (MATIC) ecosystem. In a statement issued on Wednesday, Kyber announced the launch of Rainmaker — a liquidity mining program on the platform’s…
“#Ohio residents could win $1M after they get COVID vaccine” Ohio is offering a big financial shot in the arm to entice residents to get vaccinated against COVID-19. Gov. Mike DeWine announced Wednesday that the Buckeye State will dole out a million bucks each to five lucky people who have received at least one dose…