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The Finance Commission of the Legislative Assembly of El Salvador agreed Monday to create a $150 million Bitcoin trust to facilitate exchange between Bitcoin and U.S. dollars in El Salvador. bit.ly/3f7o14k http://dlvr.it/S6gMT3

PayPal has reportedly conducted discussions to acquire a broker-dealer but is unlikely to launch the new investment service this year. from Cointelegraph.com News https://ift.tt/3Dzrl40 via IFTTT

Everything is bullish but the price when it comes to Bitcoin on Tuesday, the market still waiting for cues. from Cointelegraph.com News https://ift.tt/3gNWTt9 via IFTTT

The CBN considered Bitt Inc’s experience in the development of the Eastern Caribbean Central Bank’s DCash, launched in April. from Cointelegraph.com News https://ift.tt/3mMuLud via IFTTT

Cream finance, a defi borrowing and lending protocol, has been the victim of a hack that erased more than $29 million from its vaults. The attacker took advantage of a loophole in the implementation for adding the amp token to the protocol. This is the second time the platform has been involved in a hack. The first breach happened in February, when Cream lost $37.5 million. Cream Protocol Suffers Hack Cream protocol , a defi lending-borrowing platform present on four different chains (Ethereum, BSC, Polygon, and Fantom), suffered a hack Monday that resulted in the loss of $29 million in several cryptocurrencies. The attacker took advantage of a bug caused by the introduction of the amp token into the protocol. According to Peckshield , a blockchain security and data analytics company, the hack was perpetrated in just one transaction, taking advantage of a reentrancy bug present in the code of the amp currency. This allowed the hacker to re-borrow assets during the transfer before...

Retirees and veterans in El Salvador are worried that the government would start paying their pensions in Bitcoin instead of the U.S. dollar. from Cointelegraph.com News https://ift.tt/3Bo2hez via IFTTT

The British auction house Christie’s has been immersed in the non-fungible token (NFT) art and collectibles industry for quite some time. Christie’s has auctioned blockchain-backed items like Block 21 of “Portraits of a Mind,” Cryptopunks, and Beeple’s NFT that sold for more than $69 million. On October 1, Christie’s plans to sell a set of old 2017-issued Curio Cards and the set will also include a secret rare card. Leading Auction House Christie’s Is Auctioning a Set of NFT Curio Cards The non-fungible token (NFT) space has swelled quite a bit and the auction house Christie’s has been involved for a while now. The popular British auction house first dipped its toes into the NFT world in September 2020 when the firm showcased Block 21 of “Portraits of a Mind.” Ever since then, the company has continued to auction NFTs of all colors, shapes, and sizes. Now the company will auction a unique set of NFT collectibles called Curio Cards , which is one of the oldest Ethereum NFT collectib...

The new fund, Starry Night Capital, plans to exclusively invest in “the most desired” NFTs on the market. from Cointelegraph.com News https://ift.tt/3jvfrAo via IFTTT

FTX CEO Sam Bankman-Fried says derivatives are necessary to bolster the liquidity and efficiency of markets. from Cointelegraph.com News https://ift.tt/3jwqyZW via IFTTT

81 years ago on August 31, 1939, the company Marvel Comics was introduced to the world for the first time and people were presented with a whole universe of superheroes. In celebration of Marvel’s birthday and the firm’s collaboration with Veve Digital Collectibles, “Marvel Month” will conclude with special edition Captain America non-fungible token (NFT) collectibles. A Lineup of Captain America Statue NFTs At the end of June, the wholly-owned subsidiary of The Walt Disney Company, Marvel Entertainment, announced the company was dipping its toes into the world of non-fungible tokens (NFTs). During the first week of August, Marvel revealed “Marvel Month” and launched Spider-Man NFTs. The collectible sets included the “Common – Spider-Man,” “Uncommon – Spider-Man,” “Rare – Spider-Man,” “Ultra-Rare – Spider-Man,” and the “Secret-Rare – Spider-Man.” Marvel’s comic book competitor DC Comics has also dropped a lineup of NFTs via the Veve Digital Collectibles application. The conc...

Ethereum and Cardano continue to dominate inflows to institutional crypto investment products while demand for BTC weakens. from Cointelegraph.com News https://ift.tt/3kGE9wO via IFTTT

Coinbase sent an email to 125,000 users mistakenly notifying them their two-factor authentication settings had been changed. from Cointelegraph.com News https://ift.tt/3gObXqJ via IFTTT

Venture capitalist Bill Gurley has taken a personal position in ether because he “was swayed by the arguments of the ethereum crowd.” He explained that it is “the smarter way to play if you’re going to have crypto exposure.” Bill Gurley Prefers Ethereum to Bitcoin Bill Gurley, a general partner at Benchmark, a Silicon Valley venture capital firm in San Francisco, California, shared his view on cryptocurrency in an interview with Bloomberg last week. He began by admitting that he is late getting into crypto because he was focusing on direct listings and did not spend much time on the subject until April this year when he dedicated quite a bit of time to reading about cryptocurrencies. Gurley shared: I have to say I was swayed by the arguments of the ethereum crowd. And so, I’ve taken a personal position. Without specifying how much he invested in ETH , the venture capitalist emphasized that the investment was personal and not for his firm. “I’m swayed by the ethereum cro...

The 23-year-old is wanted by the police after allegedly faking his own kidnapping and stealing his clients' funds. from Cointelegraph.com News https://ift.tt/3DvEISK via IFTTT

Billionaire hedge fund manager John Paulson, famed for making a fortune betting against the U.S. housing market, says that cryptocurrencies are a bubble that will prove to be “worthless.” While he sees unlimited downside to crypto, he will not short bitcoin, however. “Even though I could be right over the long term, in the short term, I’d be wiped out,” he explained. Famous Investor John Paulson Predicts Crypto Will Be Worthless John Paulson, the president and portfolio manager of U.S. investment firm Paulson & Co., is an American billionaire hedge fund manager who became world-famous in 2007 by shorting the U.S. housing market. He foresaw the subprime mortgage crisis and bet against mortgage-backed securities by investing in credit default swaps. Paulson shared his views on cryptocurrency and bitcoin on Bloomberg TV Monday in an interview with Carlyle Group founder David Rubenstein. Responding to the question of whether he is a believer in cryptocurrency, Paulson affirmed: “N...

Bloomberg analysts expect a BTC ETF approval in the next few months, and clever options traders might use this strategy to profit from the possibility. from Cointelegraph.com News https://ift.tt/2Y28C0G via IFTTT

Though regulations in some Canadian regions make bitcoin mining difficult, the country overall is poised to become a top-three mining hub. bit.ly/3f7o14k http://dlvr.it/S6dG9Z

This week Blockchain.com CFO Macrina Kgil discussed how the company has surpassed $1 trillion in cryptocurrency transactions and the company may go public with an initial public offering (IPO) in 2023. The cryptocurrency firm is one of the oldest in the industry and Kgil explained that 76 million Blockchain.com wallets have been created since the company’s inception. $1 Trillion in Crypto Transactions Processed, 76 Million Wallets Created In March 2021, Bitcoin.com News reported on Blockchain.com raising $300 million and receiving a post-money valuation of around $5.2 billion. The company has been around for quite some time and when it was called “Blockchain.info” it was established by Ben Reeves way back in 2011. In 2013 it was led by Nicolas Cary and was considered the most popular bitcoin wallet at the time. In 2014, Blockchain.com was led by Peter Smith and he’s remained the company’s CEO ever since. Macrina Kgil, Blockchain.com’s chief financial officer, detailed this week ...

FTM gained 500% in the past 6 weeks and a newly launched $320 million incentive program could see the rally extend further. from Cointelegraph.com News https://ift.tt/3t0Yy3v via IFTTT

PRESS RELEASE. AscendEX , a global digital asset trading platform with a comprehensive product suite , is thrilled to announce the listing of the Kava Swap token (SWP) under the pair USDT/SWP on Aug 31 at 1 p.m. UTC. In celebration of the SWP listing, AscendEX will work with the team at Kava Swap to launch two limited-time promotional events, taking place from Aug. 31, 1:00 a.m. UTC to Sept. 7, 12:00 a.m. UTC. By completing tasks and executing trades, users will be given the chance to share pooled rewards worth up to 90,000 USDT ! Kava is focused on democratizing financial services and making them openly accessible to anyone, anywhere in the world. Kava Chain is a decentralized, permissionless, censorship-resistant blockchain built with the Cosmos SDK. This means it operates much like other Cosmos ecosystem blockchains, and is designed to be interoperable with other chains. Kava.io is the first cross-chain Decentralized Finance (DeFi) hub providing applications and services to t...

Business consulting firm Zventus announce a blockchain lab designed to revolutionize the mortgage sector. from Cointelegraph.com News https://ift.tt/38rjZ4o via IFTTT

The Binance NFT Marketplace announced today that the non-fungible token (NFT) platform will launch a premium NFT collection backed by the State Hermitage Museum in Saint Petersburg, Russia. The NFT auction will begin on August 31 and run until September 7, 2021. The NFT auction will feature NFT artwork by the world-renowned artists’ Vincent Van Gogh, Claude Monet, and Leonardo da Vinci. State Hermitage Museum and Binance Collaborate to Sell World-Renowned Art in NFT Form It seems that 2021 is the year of non-fungible token (NFT) collections, as NFT collectibles and artworks have sold for millions of dollars. So far, Beeple’s “Everydays: The First 5000 Days” NFT is the most expensive as the NFT ever sold, as it was purchased for $69.3 million. Another high-profile NFT sale is Cryptopunk #7523, which was acquired for $11.8 million in ethereum (ETH) . Bitcoin.com News has been covering a myriad of NFT projects making millions like Bored Ape Yacht Club (BAYC) and the Weird Whales NFT ...

Bitcoin and select major altcoins are still facing selling at overhead resistance levels, indicating that the next leg of the uptrend may have to wait. from Cointelegraph.com News https://ift.tt/3gLEGg5 via IFTTT

The investment firm already has significant exposure to gold, minerals, precious metals, petroleum, and other natural resources. from Cointelegraph.com News https://ift.tt/2WGmxco via IFTTT

Under three months after the Chinese state council banned bitcoin mining, hashrate has been picking up momentum with a V-shape recovery. bit.ly/3f7o14k http://dlvr.it/S6csDd

Approximately 25 days ago, the Ethereum blockchain implemented the London hard fork and a number of features were added to the ruleset. One of the most anticipated changes was EIP-1559 which makes the crypto asset ether deflationary by burning a fraction of coins. Since August 5, over $432 million worth of ether has been burned, and at the time of writing, 136,606 ether has been burned. Over $432 Million in Ethereum Burned The Ethereum ( ETH ) blockchain is the second most valuable crypto market in terms of market valuation. Out of the $2.14 trillion market capitalization of all the coins in the crypto economy, ethereum’s overall market valuation is $374 billion or 17.5% of the entire crypto economy. 25 days ago, ETH saw a successful London upgrade and ether has gained 29.7% this month. However, the Ethereum chain had a hiccup this past week when the chain split and ether gas fees doubled in value week-over-week. The EIP-1559 feature makes it so the network follows a differe...

The 15 finalists will be mentored by the MAS and “be given access to the APIX Digital Currency Sandbox for rapid prototyping of digital currency solutions.” from Cointelegraph.com News https://ift.tt/3sZI0J2 via IFTTT

CBN says the proposed central bank digital currency will offer parity of value and will operate as a non-interest-bearing CBDC. from Cointelegraph.com News https://ift.tt/3zsXfg8 via IFTTT

The Central Bank of Nigeria (CBN) has reportedly confirmed that its e-naira digital currency will have a legal tender and non-interest-bearing asset status. In addition, a limit on customer transactions and value-based transactions will be imposed. Five-Stage Launch According to a Nairametrics report , the new revelations concerning the e-naira’s design as well as the operational module are contained in a document that was recently sent to banks by the CBN. The same document also shares details about the duties assigned to each of the parties participating in the e-naira program. As explained in the report, the CBN itself will be responsible for the first part of the e-naira rollout. This will involve the issuing, distribution, redemption, as well destruction of the currency. In the second stage, which is called the Financial Institution Suite, “licensed financial institutions will be able to request currency or issue stablecoins.” They will also “manage digital currency across bra...

The Cream Finance hacker gained $18.8 million by exploiting a reentrancy bug in the AMP token in a set of 17 transactions. from Cointelegraph.com News https://ift.tt/2Wt8CGR via IFTTT

The joint venture operating the new blockchain-powered platform will be headquartered in Singapore and led by SC Ventures' Amelia Ng as CEO. from Cointelegraph.com News https://ift.tt/2WBKHEQ via IFTTT

European Central Bank (ECB) Vice President Luis De Guindos has stated he wants cryptocurrencies to be subject to the same rules that other assets are. The statements were offered in a presentation given as part of the summer courses offered by the European Parliament, where De Guindos declared his opinion about cryptocurrency regulation. ECB Vice President: Crypto Should Follow Same Laws as Other Assets Luis De Guindos, current Vice President of the ECB, stated he thinks crypto-assets should be regulated as any other asset in the market. De Guindos expressed his opinion during a series of summer courses sponsored by the European Parliament and the European Union. Specifically, on cryptocurrencies, he stated: I would not prohibit them, but issuers must be required to follow the same conditions as those of other financial assets and avoid everything that has to do with money laundering or terrorist financing. To De Guindos, cryptocurrencies can be easily used for unlawful purpose...

It's been a long time coming, but as yet, nothing has been able to propel BTC/USD over $50,000 for long. Is this week different? from Cointelegraph.com News https://ift.tt/38qKYgy via IFTTT

The 34-year old convict was reportedly not able to make use of the stolen mining equipment due to a “lack of relevant knowledge.” from Cointelegraph.com News https://ift.tt/38rSk3j via IFTTT

Bilaxy cryptocurrency exchange is yet to announce the value of funds lost to a hacking incident that occurred on Aug 28. from Cointelegraph.com News https://ift.tt/38m1CxR via IFTTT

Traders push their SOL/USD bids higher after Solana teases the community with "ignition," a mysterious feature that will go live on Aug. 31. from Cointelegraph.com News https://ift.tt/3zFB6Ly via IFTTT

The Australian Department of Home Affairs stated that the country lacked the technical capabilities to implement a system that complies with the travel rule proposed for cryptocurrencies. The Department concluded this in an appearance before the Senate in Australia last Friday. However, the Australian Department also stated that, if implemented, the system would be a game-changer for preventing crypto-related crimes. Australian Department Thinks Tech to Implement a Crypto Travel Rule Is Still Not Present Last Friday, the Australian Department of Home Affairs acknowledged that it lacked the technical capabilities to implement a travel rule system for crypto transactions. The remarks were made by Daniel Mossop, assistant secretary of Australia’s Department of Home Affairs during a session with the Australian Senate. Mossop stated: “I think it depends on the way that [the travel rule] is implemented so a technological solution that takes a lot of the legwork out of that would be a g...

Learning about how the world of finance works is increasingly important as technology like Bitcoin advances. bit.ly/3f7o14k http://dlvr.it/S6Zr3w

NFT marketplace OpenSea is desperate to expand its team following a surge in trading volume. from Cointelegraph.com News https://ift.tt/3BiCTqk via IFTTT

The former head of the world's first publicly-listed blockchain firm the is new CEO of Binance’s Australian subsidiary. from Cointelegraph.com News https://ift.tt/3mKsDU6 via IFTTT

xToken has been exploited for around $4.5 million following the latest attack targeting the DeFi protocol’s smart contracts. from Cointelegraph.com News https://ift.tt/38uNXnT via IFTTT

Russian authorities have investigated a number of cases involving the theft of crypto mining equipment in the past months. A resident of Yaroslavl has just been found guilty of stealing mining hardware worth over $20,000 and sentenced to three years in prison. Russian Convicted of Stealing Mining Rigs Receives Prison Sentence A 34-year-old man from the city of Yaroslavl, some 250 kilometers northeast of Moscow, has been found responsible for the theft of equipment for cryptocurrency mining. The hardware’s value has been estimated at 1.6 million rubles (almost $22,000), Forklog reported quoting an announcement by the regional prosecutor’s office. Investigators were able to establish that in February of this year the defendant managed to enter a friend’s garage where the devices were deployed. He later tried to mint digital coins on his own but failed to set up the equipment properly. As the perpetrator admitted his guilt, the Zavolzhsky District Court gave him a suspended sentenc...