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In recent times, cryptocurrencies that burn tokens have been very popular and a number of well known blockchain projects have destroyed large sums of digital assets. While a number of crypto projects have different burn schemes, the overall effect is usually the same, as destroying tokens reduces the circulating supply. Blockchain Projects Burn Tokens for Specific Benefits and Objectives Burning tokens has been a popular trend and articles often highlight specific projects like Ethereum, Terra, Shiba Inu, and many more that have destroyed large sums of native tokens. $SHIB burn portal is a huge success!👺🔥 — Shiba Inu to $1 (@ShibInform) April 28, 2022 Six days ago, Bitcoin.com News reported on the Shiba Inu (SHIB) developers launching a burn portal, which allows shiba inu holders to burn their stash of SHIB. In that particular case, SHIB burners are rewarded for destroying their tokens. SHIB currently has a burn rate of around 180.18% during the past 24 hours. 1/ The o...

Specter is a Bitcoin wallet provider that builds tools for the entire Bitcoin usage stack, from commercial to individual use. bit.ly/3f7o14k http://dlvr.it/SPVLHM

Up to five banks or other payment services providers will be selected to participate without compensation in the development of the digital euro front end. from Cointelegraph.com News https://ift.tt/f0z7VQw via IFTTT

AVAX is trading below $65, but the network’s large DeFi ecosystem and DApp use are reflective of its strong fundamentals. from Cointelegraph.com News https://ift.tt/CElGksU via IFTTT

The non-fungible token (NFT) collection Bored Ape Yacht Club (BAYC) has seen its floor value jump to 152 ether ($430K) for the cheapest Bored Ape NFT. Since September 1, 2021, the floor value of the BAYC NFT collection jumped from 25 ether ($70K) to today’s 152 ether, climbing more than 500% in value over the last seven months. Bored Ape Yacht Club Floor Price Jumps to 152 Ether On Friday, April 29, 2022, the Bored Ape Yacht Club non-fungible token (NFT) collection has seen its floor value touch an all-time high. According to statistics stemming from the NFT marketplace Opensea, the current floor value on Friday is 152 ether or $430K, using today’s ether exchange rates. Metrics show that seven months ago, on September 1, 2021, BAYC’s floor value was only 25 ETH or $70K. By November 19, 2021, BAYC’s floor value was over the 50 ether mark. BAYC’s floor value jumped over 100 ether after January 30, 2022, and the floor has increased in value ever since. However, there was a brief ...

Bitcoin’s inability to hold above $40,000 has traders now targeting extreme lows in the $25,000 zone, a move that would be absolutely deadly for most altcoins. from Cointelegraph.com News https://ift.tt/HL69gSP via IFTTT

Elon Musk is the first inductee into the Ukrainian NFT Museum MetaHistory’s Hall of Fame, but he will not be the last. Some other famous inductees include: Mila Kunis, Elton John, Jared Leto, Jim Carrey, and Benedict Cumberbatch. The Hall – MetaHistory’s Hall of Fame Since the start of the war in Ukraine many businesspeople, artists, and politicians have shown their support for the country, but some of them stood out especially. MetaHistory, Ukraine’s NFT museum, now wants to commemorate those individuals on the blockchain. The team of MetaHistory released the 1st part of its collection of artworks on March 30 to great success, collecting $800k from the sales – 100% of which goes as a donation to the Ministry of Digital Transformation of Ukraine, the project’s official supporter. This week, they’re launching The Hall of Fame, a special selection of NFT portraits of people that have helped Ukraine in its time of need. These people provided goods and services, supported Ukraine behi...

Another way to help improve the privacy of your bitcoin transactions is using Whirlpool with Sparrow Wallet. bit.ly/3f7o14k http://dlvr.it/SPRNn9

The Crypto Law is aimed at making Panama “compatible with the digital economy, blockchain, crypto assets and the internet.” from Cointelegraph.com News https://ift.tt/PkL1wzn via IFTTT

While there’s a number of bitcoin whales that often get caught by blockchain parsers and written about in media reports, ethereum whales get a lot less attention. According to statistics in 2022, there are a lot more ethereum whales than holders with large sums of bitcoin. In fact, while the top 100 richest bitcoin addresses control 14.08% of the circulating supply, the top 100 richest ethereum addresses hold 39.81% of all the ether today. Data Shows Ethereum Still Has a Large Concentration of Whales in 2022 Ethereum, the second-largest crypto asset in terms of market capitalization, has an overall USD valuation of around $348 billion. Ethereum’s market cap represents 18.3% of the $1.89 trillion crypto economy’s net value. While the leading crypto asset has been around for close to seven years, 100 addresses command 39.81% of the current ether in circulation. However, after subtracting the Ethereum 2.0 Contract address, which holds 10.06% of the current ether in circulation, 99 wea...

Goldman has reportedly offered its first ever lending facility backed by BTC as the Wall Street giant deepens its Bitcoin offerings. bit.ly/3f7o14k http://dlvr.it/SPR2sx

After the president’s signature, the bill will regulate the usage of bitcoin as payment in the country. bit.ly/3f7o14k http://dlvr.it/SPR2pp

Him Das said FinCEN’s current authority under the PATRIOT Act would likely not stop actors from engaging in illicit transactions for ransomware attacks and darknet markets. from Cointelegraph.com News https://ift.tt/0FJGDit via IFTTT

Edward Snowden, the well-known whistleblower and former computer intelligence consultant who exposed the Five Eyes Intelligence Alliance, has revealed he took part in the Zcash creation ceremony. Snowden says that during the creation ceremony he “participated” and leveraged the “pseudonym John Dobbertin.” Snowden Played the Role of ‘John Dobbertin’ During the Zcash Launch A recent video published by Zcash Media explains that Edward Snowden was one of the six people who helped launch Zcash on October 23, 2016. According to the video, the six individuals did not know who the other participants were holding the Zcash private keys and they utilized pseudonyms to avoid identification. Before the video was published it was known for years that the software developer Peter Todd participated in the ceremony as well. Todd actually wrote a comprehensive summary of the Zcash ceremony called the “ Cypherpunk Desert Bus ,” which explains what happened from his perspective. However, Todd wrote...

APE price continues to hit new all-time highs as BAYC, MAYC and NFT investors prepare for the highly anticipated Otherside land auction. from Cointelegraph.com News https://ift.tt/RqibT2H via IFTTT

Retail digital payments are growing, but the country needs to implement further payment and financial inclusion reforms before a retail CBDC will be needed. from Cointelegraph.com News https://ift.tt/FSGzmye via IFTTT

What environmental factors should one consider when deciding upon the various options available to store and manage Bitcoin private keys? bit.ly/3f7o14k http://dlvr.it/SPMY6f

BTC and select altcoins could be gearing up for an oversold move, but traders beware, it's likely to be a dead cat bounce. from Cointelegraph.com News https://ift.tt/E1LwkIe via IFTTT

According to Michael Hsu, representatives from the crypto industry as well as within the U.S. government could work toward setting standards on stablecoins. from Cointelegraph.com News https://ift.tt/pjg6B51 via IFTTT

22 days ago, Bitcoin.com News wrote about a Coin Insider trends study that combed through Google Trends data in the United States. According to the report, dogecoin was the most Googled cryptocurrency in the country. Another study — published by askgamblers.com — has covered similar data, but concentrated on the U.K.’s and Europe’s Google searches. According to the report, while bitcoin is the most popular crypto asset in Europe, the study of the trends shows that the meme token shiba inu is the most popular in the United Kingdom. Trends Study Highlights the Most Popular Crypto Assets in Europe, UK — Bitcoin Reigns in Europe, While Shiba Inu Takes the UK This week Bitcoin.com News was sent a report from askgamblers.com that analyzes Google Trends (GT) data over the last year in order to find out what the most popular crypto assets are in the U.K. and Europe. According to the findings, bitcoin ( BTC ) is the most popular digital currency in Europe as it was the most searched crypto...

SNX price got a boost after the project geared up for participation in the L2 Curve Wars and Optimism airdrop hunters engaged with the protocol. from Cointelegraph.com News https://ift.tt/bWMuVOi via IFTTT

Bitcoin’s mining difficulty reached a lifetime high on April 27, at block height 733,824, after jumping 5.56% higher than two weeks ago. The difficulty jump further indicates that Bitcoin’s difficulty is also nearing 30 trillion, as the change on Wednesday shows the current difficulty is 29.79 trillion. It Is Now the Most Difficult Time in History to Mine Bitcoin After the Last Difficulty Increase On Wednesday, April 27, 2022, after block 733,824 was mined, it is now the most difficult time in history to mine bitcoin ( BTC ). Currently, and for the next two weeks, Bitcoin’s difficulty will be 29.79 trillion until the next difficulty adjustment. Bitcoin’s hashrate today is running high at 252.39 exahash per second (EH/s) after reaching an all-time high on April 23, 2022, at block 733,197. At that time, the hashrate tapped a high of 271.19 EH/s. While the estimation could very well change over the next two weeks, the network’s difficulty is estimated to drop 0.07% during the next...

A South Korean music sharing platform, Koong World, recently announced the registration of a non-fungible token (NFT)-based music theft prevention patent. Using this patent, the music sharing platform aims to “solve the problem of copyright protection in the rapidly growing music market.” Tackling the Problem of Copyright Infringement in the Music Industry A South Korean peer-to-peer music sharing platform, Koong World, recently registered an anti-music theft patent with the Korean Intellectual Property Office, a report has said. Kung World says the patent will enable it to solve the challenge of copyright infringement in the music industry. The registration of the patent comes less than a year after the launch of the music-sharing platform itself. Since its launch in 2021, the platform now boasts over 2 million members and over 40,000 registered songs. According to a report by Forkast, Koong World was awarded a patent registration by the Korean Intellectual Property Office on Ap...

The trend of falling hash price will force weaker miners to unplug, find more efficient energy sources and/or sell off machines or bitcoin holdings. bit.ly/3f7o14k http://dlvr.it/SPJ2HG

BTC price fell below $38,000 as tech stocks sold off and traders watched cautiously to see if Bitcoin can hold its “macro-level support” zone. from Cointelegraph.com News https://ift.tt/frEnuFH via IFTTT

Optimism Foundation will launch a governance token called OP to govern protocol and network parameters, and incentivize adoption. from Cointelegraph.com News https://ift.tt/Cs1ivrX via IFTTT

On Tuesday, Fort Worth mayor Mattie Parker and Fort Worth revealed that the city is now the first U.S. city government in the country to mine bitcoin. According to the announcement, the city of Fort Worth has partnered with the Texas Blockchain Council to embark on the crypto mining endeavor. The City of Fort Worth Begins to Mine Bitcoins 24/7 With 3 ASIC Machines Starting today, the city of Fort Worth in Texas is now mining bitcoin 24/7 at the climate-controlled Information Technology Solutions Department Data Center located at Fort Worth City Hall. The news was announced by the city government and mayor Mattie Parker. The Fort Worth government representatives explained that the miners will be hosted privately in order to curb security vulnerabilities. Fort Worth said the Bitmain-brand S9 bitcoin mining machines were donated by the nonprofit association, the Texas Blockchain Council. Three ASIC rigs were donated by the Texas Blockchain Council and if the city “achieves the goals ...

Uncertainty over regulation remains a key barrier to crypto investing, according to Bitstamp. from Cointelegraph.com News https://ift.tt/ViEwchs via IFTTT

The Central African Republic is establishing a legal framework that will allow the use of cryptocurrencies like bitcoin to be used in the economy. bit.ly/3f7o14k http://dlvr.it/SPHhvT

The newest version of Bitcoin’s original software launched by Satoshi Nakamoto in 2009 brings improvements on privacy, security and user experience. bit.ly/3f7o14k http://dlvr.it/SPDY4W

One issue with Bitcoin’s privacy, the ability to receive funds without giving up valuable information, is addressed with “silent payments.” bit.ly/3f7o14k http://dlvr.it/SPDY1s

Although details surrounding the venture remain unknown, its website states the firm seeks to provide "consumer finance solutions for an emerging web." from Cointelegraph.com News https://ift.tt/lAvgu4X via IFTTT

The future of crypto adoption will largely depend on which of the competing narratives about digital assets and blockchain’s environmental effects prevails. from Cointelegraph.com News https://ift.tt/KmlqkRY via IFTTT

On Monday, Twitter announced that Elon Musk has officially acquired the social media platform for $54.20 per share in a transaction valued at $44 billion. After the transaction completes, Twitter will transition to a private company. Musk Acquires Social Media Platform Twitter — Aims to Enhance Free Speech and Unlock Twitter’s Potential Tesla’s Elon Musk officially acquired Twitter on April 25, 2022, in a transaction valued at $44 billion. The deal came 21 days after Musk took a 9.2% stake in Twitter Inc. on April 4. The $54.20 per share price will give shareholders a 38% premium to Twitter’s closing stock price on the first of April. That was the last trading day Twitter had prior to Musk’s offer to purchase the social media firm. “The Twitter Board conducted a thoughtful and comprehensive process to assess Elon’s proposal with a deliberate focus on value, certainty, and financing,” Bret Taylor, Twitter’s independent board chair explained during the acquisition announcement. “Th...

Mounting concerns about the state of the global economy and traders' risk-off sentiment continue to weigh on Bitcoin price. from Cointelegraph.com News https://ift.tt/iyo3Ncf via IFTTT

The store, which will be located on the company campus in Burlingame, California, will feature a wall-to-wall curved LED screen that displays what users see using Meta VR headsets. from Cointelegraph.com News https://ift.tt/wOxfsDB via IFTTT

The hostage holding that regulatory bodies impose upon businesses punishes consumers in various ways. bit.ly/3f7o14k http://dlvr.it/SPD7FF

Bitcoin and select altcoins are attempting a recovery, but the most likely outcome of any breakout is strong selling at higher levels. from Cointelegraph.com News https://ift.tt/hgwlvfK via IFTTT

If passed, the suspension of both new licenses and renewal applications will last for two years. from Cointelegraph.com News https://ift.tt/0AaxoqP via IFTTT

PRESS RELEASE. SeatlabNFT has announced the date for their IDO, with full details available via their website . The 24th of May 2022 is the first opportunity people around the globe will have to invest in the innovative NFT ticketing platform’s native token $SEAT. SeatlabNFT is a revolutionary event ticketing platform built on the climate-neutral NEAR Protocol blockchain, designed to create an immersive, more connected experience for everyone involved in live events. Minting tickets as NFTs and leveraging the transparent, irrefutable ledger provided by the blockchain will eliminate fraud and drastically reduce the impact of ticket scalping (the process of reselling tickets for popular events at a price much higher than the box office listing). Current solutions for event ticketing do not serve artists, fans or event creators. The ticketing industry has been plagued by touts and dehumanised by bots in the pursuit of profit at the expense of fans and those who make live events possi...

The U.S.-based company Compass Mining plans to sell $30 million worth of bitcoin mining equipment that’s currently located in Siberia. The decision to sell the mining rigs follows the U.S. government sanctioning the bitcoin mining operation Bitriver and ten subsidiaries. Compass is hoping to offload 12 megawatts of capacity, according to a company executive. Compass Hopes to Sell 12 MW of Bitcoin Mining Capacity in Russia to Pay Clients According to Compass Mining’s CEO Whit Gibbs, the firm is selling $30 million in mining equipment that is currently located in Siberia. Speaking with Bloomberg on Friday, Gibbs explained the company is hopeful it will be able to obtain funds from the sale to pay off roughly 2,000 customers. Compass offers hosting services and the mining equipment in Siberia was owned by customers renting hosting space. During the last year before the Ukraine-Russia conflict, Russia became a preferred “hotspot” for bitcoin miners as electricity in the country is mu...

A long tradition of financial discretion makes Switzerland the perfect place to store one’s private keys in a way that will be fully protected. bit.ly/3f7o14k http://dlvr.it/SP9HcT

Borrowing and lending are two important parts of DeFi, but they have been missing an effective operating credential: a decentralized credit rating. from Cointelegraph.com News https://ift.tt/E0kfFbz via IFTTT

Bitcoin bulls are attempting to reclaim the $40,000 level and if this happens, DOT, XMR, APE and CAKE could be the first altcoins to break out. from Cointelegraph.com News https://ift.tt/fnLMmpw via IFTTT

Bitcoin’s hashrate tapped a lifetime high this weekend reaching 271.19 exahash per second (EH/s) on Saturday, April 23 at block height 733,197. Currently, the computational power is coasting along at 233.81 EH/s with a network difficulty change expected three days from now on April 27. Bitcoin’s Hashrate Records an All-Time High, Hashpower Increased 55% Higher Since January The processing power that confirms transactions and secures the Bitcoin ( BTC ) network has reached an all-time high (ATH) on Saturday, April 23. The hashrate touched 271.19 EH/s , which is approximately 271,190 petahash per second (PH/s) or 271,190,000,000,000,000,000 hashes per second (H/s). Bitcoin’s hashpower has never been higher than this point in history and since block height 717,696 or January 8, 2022, the hashrate’s record high is an increase of 55.48% since then. The processing power backing the Bitcoin network reached an ATH of 246 EH/s on February 12, prior to the all-time high recorded on Saturday...

Bitcoin protects private property for its users due to its theft-proof design, its use of decentralized nodes and an immutable public ledger. bit.ly/3f7o14k http://dlvr.it/SP90RV

Virtual events, land and financial services in the Metaverse will unlock a trillion-dollar deal that will drive the next NFT investing boom. from Cointelegraph.com News https://ift.tt/BHDSxby via IFTTT

The CEO of the Nasdaq-listed company Microstrategy has dispelled the rumor that his company has been quietly selling bitcoin. He explained that as a company regulated by the Securities and Exchange Commission (SEC), changes in bitcoin holdings must be disclosed to shareholders via SEC filings. Microstrategy’s CEO Points Out Any Bitcoin Sales Must Be Publicly Disclosed to SEC and Shareholders This week, a rumor has been circulating on social media that the Nasdaq-listed pro-bitcoin software company Microstrategy has been quietly selling its BTC . Microstrategy CEO Michael Saylor tweeted Friday dispelling the rumor. He explained that as a regulated company under the U.S. Securities and Exchange Commission (SEC), Microstrategy is required to disclose any material changes in corporate strategy to shareholders via SEC filings. In addition, the executive emphasized that SEC filings are public records that are “available to all.” He further noted that material changes include acquiring ...