Author: CryptooTimes
Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. Ask anyone or look at any Twitter poll, and “real-world assets” are considered catalysts for the next bull run. While I agree with this sentiment, we must keep one thing in mind. Assets, as we have known them, have very little utility beyond speculation, and for us to reach mass appeal we have to move beyond speculation to create actual utility. Improving utility drives user adoption; as people experience the benefits of tokens in their everyday lives,…
More crypto startups are raising seed rounds and pre-A funding. Below, we look at some of the main beneficiaries of last week’s venture capital (VC) activities. Humanity Protocol gets $30-million boost Humanity Protocol, a decentralized identity solution, has reached unicorn status with a $1 billion valuation. This milestone came after securing $30 million in a seed round led by Kingsway Capital. Other investors included Animoca Brands, Blockchain.com, Hashed, Shima Capital, and 20 more industry leaders. According to a Medium post by Humanity Protocol, the funds will be used to expand the team and develop products ahead of the public testnet…
Genesis Global, the digital assets lender that went bankrupt last year, received court approval to pay billions in cash and crypto to creditors. According to Bloomberg, on May 17, Southern District of New York Judge Sean Lane confirmed Genesis’ Chapter 11 repayment plan, including a structure for returning crypto assets to creditors. This decision paves the way for Genesis to return customer assets locked on the platform since it paused withdrawals in November 2022. Bankrupt crypto lender Genesis won court approval of its plan to distribute billions of dollars in digital assets and cash to creditors, defeating a legal challenge…
John Bigatton, a former promoter at BitConnect, pleaded guilty to one criminal charge related to providing unlicensed financial services. Bigatton appeared before the Sydney District Court on May 16, where he admitted to providing unlicensed financial services on behalf of another person. This is in violation of section 911B(1) of Australia’s Corporations Act. BitConnect was a financial service business and online cryptocurrency platform that offered investment opportunities through its website, including a product known as the Lending Platform. Investors were required to acquire BitConnect coin (BCC), a cryptocurrency token, to participate in this platform. The Lending Platform allowed lenders to…
AntPool, the second-largest Bitcoin (BTC) mining pool, mined seven consecutive blocks on May 17, sparking worries within the cryptocurrency community about network security. This series of blocks confirmed 20,686 transactions, resulting in over 23 BTC, valued at approximately $1.54 million in revenue. The mining spree occurred between block heights 843,898 and 843,904, lasting one hour and 38 minutes. Data sourced from mempool.space reveals that AntPool accrued 1.283 BTC in fees in addition to 21.875 BTC from the block subsidy. What adds intrigue to this development is the involvement of Foundry USA, the largest Bitcoin mining pool, which mined the block…
Interoperability giant LayerZero’s ongoing self-reporting effort to combat Sybil attacks has revealed more than 800,000 sybil addresses. According to LayerZero, the self-reporting process was carried out in tandem with a rigorous analysis with risk management platform Chaos Labs and blockchain analytics firm Nansen. The sybil self-report phase has now concluded. Each self-reported address will receive 15% of its intended token allocation, with the remaining 85% returning to qualified users.Between the sybil self-report and analysis by LayerZero, @chaos_labs, and @nansen_ai, 803,093… pic.twitter.com/wH9eFcMWV5— LayerZero Labs (@LayerZero_Labs) May 18, 2024 Following the review, the platform announced that it had identified 803,093 addresses as…
To understand the new politics stance and other pro nationals of recent times, we should look to Silicon Valley and the quantified movement of the latest generation. If Bitcoin were to lose half its present value — which is not unlikely, given its extremely volatile past behavior — Tesla will lose around A$1 billion. As Elon Musk owns about a fifth of Tesla, he would then be down A$200 million. In contrast, I own no Bitcoin so I will lose nothing. Nor is Musk doing his fans any favors. As a “rock star CEO” with more than 40 million followers…
To understand the new politics stance and other pro nationals of recent times, we should look to Silicon Valley and the quantified movement of the latest generation. If Bitcoin were to lose half its present value — which is not unlikely, given its extremely volatile past behavior — Tesla will lose around A$1 billion. As Elon Musk owns about a fifth of Tesla, he would then be down A$200 million. In contrast, I own no Bitcoin so I will lose nothing. Nor is Musk doing his fans any favors. As a “rock star CEO” with more than 40 million followers…
To understand the new politics stance and other pro nationals of recent times, we should look to Silicon Valley and the quantified movement of the latest generation. If Bitcoin were to lose half its present value — which is not unlikely, given its extremely volatile past behavior — Tesla will lose around A$1 billion. As Elon Musk owns about a fifth of Tesla, he would then be down A$200 million. In contrast, I own no Bitcoin so I will lose nothing. Nor is Musk doing his fans any favors. As a “rock star CEO” with more than 40 million followers…
To understand the new politics stance and other pro nationals of recent times, we should look to Silicon Valley and the quantified movement of the latest generation. If Bitcoin were to lose half its present value — which is not unlikely, given its extremely volatile past behavior — Tesla will lose around A$1 billion. As Elon Musk owns about a fifth of Tesla, he would then be down A$200 million. In contrast, I own no Bitcoin so I will lose nothing. Nor is Musk doing his fans any favors. As a “rock star CEO” with more than 40 million followers…
