Hackers move $760 million from the 2016 Bitfinex hack

Bitfinex hack transactions

More than $760 million worth of Bitcoin, stolen from cryptocurrency exchange Bitfinex in 2016, were moved on Wednesday to new accounts. The funds were moved in tens of transactions ranging from 1 to as much as 1,200 bitcoin (BTC) at a time. According to a summary of recent transactions put together by The Record using data from blockchain tracking services like Whale Alert and BTCparsers, the transferred sum ranges from 10057.5798 BTC (per Whale Alert) to 12230.08861 BTC (per BTCParsers). The moved funds represent around 10% of the sum stolen…

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A Single Grey Pixel Sells For $1.36 Million At A Sotheby’s NFT Auction

NFT Single Grey Pixel

As NFT sales in established art houses become something of the norm, there are still record-breaking, and even shocking auctions that rock the art and crypto world alike. At auction house Sotheby’s ‘The Fungible Collection’ sale, a single grey pixel created by digital artist Pak sold for $1.36 million. The digital art sale included a series of digital cubes that collectors were able to purchase for a fee of $500 to $1,500 for which they would receive a number of NFTs, depending on how many cubes they purchased. As part…

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Coinbase IPO values hits $99.6bn valuation with shares up 52% on debut

coinbase screenshot

Coinbase, the US-based cryptocurrency exchange, launched its initial public offering (IPO) on Nasdaq on Wednesday, hitting at valuation of $99.6 billion. Shares debuted at $381, a 52.4% increase on the $250 reference price – the benchmark for performance when Coinbase stock started trading. Shares closed below $330, up a lesser 32%. The firm listed its stock directly on Nasdaq. This meant employees and existing shareholders could sell their Coinbase shares immediately at the market-level price. Just a day earlier, Bitcoin hit a new high of more than $63,000. “The Coinbase…

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MicroStrategy now pays its board of directors in bitcoin

Bitcoin payment

The Nasdaq-listed company said non-employee directors would receive all fees for their service in bitcoin instead of cash. “In approving bitcoin as a form of compensation for Board service, the Board cited its commitment to bitcoin given its ability to serve as a store of value, supported by a robust and public open-source architecture, untethered to sovereign monetary policy,” said MicroStrategy. MicroStrategy further said that it would convert directors’ fees from the U.S. dollar to bitcoin at the time of payment via a payment processor and deposit into directors’ digital…

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German federal bank runs successful blockchain system without a CBDC

Deutsche Bundesbank

Executives at the Deutsche Bundesbank are eager to launch a blockchain-based system without the need for a CBDC — and they just might succeed. Germany’s federal bank, the Deutsche Bundesbank, has run successful tests on a project which bridges the traditional finance infrastructure with blockchain technology. Despite the current global rush by central banks to familiarise themselves with central bank digital currency technology, the testing carried out by the Bundesbank, in conjunction with the Deutsche Börse Group and the German Finance Agency, required the issuance of no CB, or any…

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Australian government offers $6M in grants to innovative blockchain teams

blockchain grant

The Australian government has opened applications for grants up to $3 million each in funding to blockchain projects targeting supply chain tracking in the minerals industry and tax tracking in the food and beverage sector. Applications are open until April 29, with any sole trader, partnership, publicly-funded research organization, or entity incorporated in Australia that possesses an Australian Business Number eligible to apply. The money will be used to fund two distinct pilots. The Food and Beverage Provenance pilot hopes to support a team addressing the complexities associated with spirits…

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Russia’s Hermitage museum to host NFT art exhibition

paleta barvy

The NFT exhibition will be part of the “Hermitage 20/21” project. Russia’s State Hermitage Museum, the second-largest art museum in the world, is preparing to host a digital art exhibition involving non-fungible tokens. Scheduled to take place in 2021, the Hermitage’s NFT project will be Russia’s first exhibition in the field of NFT art, the museum officially announced Thursday. The Hermitage’s contemporary art department is organizing the exhibition, which will be part of its “Hermitage 20/21” project. The announcement read: “Non-fungible tokens have become a new form of securing rights…

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Theta’s Mainnet 3.0 launch date pushed to June

“We decided that additional time to conduct a more thorough code review and testing was important,” said Theta Labs. Crypto-powered esports streaming app Theta’s mainnet 3.0 launch has been delayed until June. In an announcement from Theta Labs, the company stated that its development team is still working “to incorporate some building blocks” for a non-fungible token, or NFT, marketplace for the Theta Mainnet 3.0. They are also working to ensure that the network functions when scaled to more than 100,000 Elite Edge Nodes. As a result, Theta needs more…

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The number of Bitcoin ATMs in the US rose 177% over the past year

Bitcoin ATM Installations Growth

Since March 1, 2020, the number of new Bitcoin ATMs installed worldwide is nearing 10,000. According to the latest data from Coin ATM Radar, the current number of machines stands at 16,835, a strong 57.5% increase, or 9,683 new machines, as compared with 7,152 last year. Back in Nov. 2020, Cointelegraph had reported a striking year-on-year increase of 80%. As previously, the vast majority of machines continue to be located in the United States, where 81% (13,699 out of 16,835 machines globally) are installed. Within the U.S., growth has been…

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Decentralized esports tournament series looks to bring traditional gamers to crypto

gaming esports crypto

Polyient Games co-founder Craig Russo referred to the partnership as “a major step towards bringing mainstream adoption” to the crypto industry. Non-fungible token-focused investment firm Polyient Games is launching a new online tournament to introduce mainstream gamers to the crypto space. In an announcement today, Polyient Games said it would be partnering with esports tournament platform Community Gaming for a $100,000 series featuring games using non-fungible tokens, or NFTs. The esports games will reportedly “function as a method of introducing mainstream gamers to the world of cryptocurrency and blockchain assets”…

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Volkswagen pilots blockchain to integrate electric vehicles with power grids

electric car charging

Energy Web plans to use blockchain technology to help ensure an efficient future for Volkswagen’s electric vehicles. Automobile makers everywhere are betting big on electric vehicles as the world begins to push for environmentally friendly modes of transportation. For example, while fewer than 1% of cars on the roads in the United States today are electric, a number of automobile manufacturers are aiming to change this by stopping sales of gasoline-powered cars. At the end of January 2021, General Motors said it would stop selling gas-powered cars and trucks by…

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Nvidia plans Cryptocurrency Mining Processor for Ethereum

Nvidia Processor for Ethereum

GPU giant Nvidia plans to release a processor designed for mining cryptocurrency Ethereum, and will put artificial limits on how effective its future GPUs are at mining. The first in the Cryptocurrency Mining Processor (CMP) series will focus on Ether mining, used to make the Ethereum cryptocurrency possible, and is set to release in March. CMP chips will not do graphics processing, Nvidia said. Unlike gaming-focused GeForce GPUs, they also lack display outputs, enabling improved airflow while mining so they can be more densely packed. CMPs also have a lower…

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Blockchain firm aims to build crypto city in Nevada desert

Nevada Las Vegas

CEO Jeffrey Berns says the smart city could incorporate digital currency payments for goods and services as well as records on the blockchain. Blockchain incubator and investment firm Blockchains LLC is stepping up its plans to build a smart city in the Nevada desert east of Reno. In an interview with the Associated Press released Saturday, Blockchains CEO Jeffrey Berns said he had asked the state of Nevada to let him form a local government on the 67,000 acres the firm owns in Storey County. If his petition is successful,…

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Ethereum 2.0 set to undergo first hard fork upgrade

The Official Etherscan Beacon Chain Ethereum 2.0 Explorer

The first Ethereum 2.0 hard fork is aimed to be a general test before introducing deeper changes. Ethereum co-founder Vitalik Buterin published a plan on Monday for the first hard fork of the new Ethereum 2.0 Beacon Chain, tentatively named HF1. The hard fork would allow the developers to introduce several key upgrades to the recently launched Beacon Chain, which would also serve as a useful test for deeper changes in the future. The biggest practical change is the support for light clients — nodes that would have minimal resource…

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Verge of disaster: 200 days transactions wiped from blockchain

Verge blockchain reorganization

Verge has been hit by a huge blockchain reorganization, resulting in more than six months worth of transactions and balances vanishing. However, devs claim it can be fixed. Privacy-focused blockchain network Verge (XVG) has experienced a significant block reorganization, replacing transactions dating as far back as July 2020. Despite being described as potentially “the deepest reorg that has ever taken place in a top 100 cryptocurrency,” analysts are yet to confirm that the incident comprised a coordinated attack. Coinmetrics COO Antoine Le Calvez was one of the first to notice…

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