Indonesian student’s selfies fetch US$1 million in NFT sales

Sultan Gustaf Al Ghozali

An Indonesian college student has become an internet sensation after trade in the digital rights to his selfies fetched more than US$1 million on a platform for non-fungible tokens. Sultan Gustaf Al Ghozali, who studies computer science at a university in the central city of Semarang, has taken a picture of himself sitting in front of his computer almost every day for the last five years. He intended to use the collection of nearly 1,000 selfies to create a timelapse video for his graduation day. But after learning about blockchain…

Read More

Tesla now accepts Dogecoin

Dogecoin

Tesla has started accepting Dogecoin payments for company merchandise, although the firm states that it will not issue refunds for purchases made in DOGE. Tesla CEO Elon Musk announced that Tesla now accepts Dogecoin (DOGE) as payment for the company’s merchandise. DOGE-eligible products in the Tesla store can be purchased by sending DOGE to Tesla’s Dogecoin wallet. Although it now accepts DOGE, the firm also clarified that it is not taking any other crypto. The company stated that it cannot receive other assets but DOGE on its website. The business…

Read More

China launches digital currency app for Android and Apple users in 10 cities

Suzhou Pagoda

Android and Apple users in 10 Chinese cities can now download a pilot version of the country’s digital yuan wallet app directly from the iOS and Android app stores that enables them to acquire, store and use China’s central bank digital currency (CBDC). To date, Chinese consumers have only been able to download and open a digital yuan wallet when participating in specific pilot projects — such as the ‘red envelope’ lotteries held in Shenzhen, Chengdu, Suzhou and elsewhere — or in the form of CBDC wallets released by the…

Read More

Billionaire investor Bill Miller puts 50% of net worth in Bitcoin

Rich Billionaire

Investor Bill Miller is bullish on Bitcoin (BTC) despite the cryptocurrency touching multi-month lows below $40,000 in early January 2022. Miller no longer considers himself just a “Bitcoin observer” but rather a real Bitcoin bull, as he said in a WealthTrack interview last Friday. The billionaire investor now holds 50% of his net worth in Bitcoin and related investments in major industry firms like Michael Saylor’s MicroStrategy and BTC mining firm Stronghold Digital Mining. An early Amazon investor, Miller owns almost 100% of the rest of his portfolio in Amazon,…

Read More

UK Ministers To Protect Young People From Crypto

UK parliament

Some UK ministers of parliament are calling for greater protection of citizens as a perceived “crypto craze” is encouraging people with little knowledge of investing to enter this new sector. Vulnerable young people are especially in danger according to an article on inews, and the particular dangers that raise most concern are those of cryptocurrencies and NFTs. Some niches within the cryptocurrency sector are singled out as areas where vulnerable people can lose their money. Fan tokens are one such area. The cryptocurrency Chiliz (CHZ) and all the associated separate…

Read More

Iran halts authorized crypto mining to save energy for winter

Iran winter

Amid Iran’s energy consumption increasing during the winter, local energy authorities have decided to halt operations of authorized cryptocurrency mining centers. Mostafa Rajabi Mashhadi, chairman of the board and managing director of Iran Grid Management Company (Tavanir), announced that Iran is shutting down crypto mining centers again to reduce liquid fuel consumption in power plants amid decreasing temperatures. Mashhadi said that Iranian authorities took this action to reduce energy consumption last month, The Islamic Republic of Iran Broadcasting (IRIB) reported on Dec. 25. “The Energy Ministry has been implementing measures…

Read More

BitMEX to Launch BMEX Token in 2022

Daily trading volume on BitMEX

Major crypto derivates exchange BitMEX said it will launch its token, BMEX, in 2022, in two phases. The first phase, an airdrop, “starts now,” the company said, adding that users trading from now until the end of March, will be airdropped BMEX according to their trading volume. The exchange noted that the tokens will start to be airdropped on 1 February. They have already set up an incentive system to get new users onboarded, with all new account holders who go through know-your-customer (KYC) requirements being eligible to receive 5…

Read More

Wallet provider Ledger launches crypto debit card

Crypto Life card powered by Ledger

Cryptocurrency wallet and infrastructure provider Ledger has debuted a new debit card that enables users to buy goods and services with their digital assets, potentially opening the door to wider adoption of crypto payment services. The Crypto Life card, also known as “CL,” was introduced at Ledger’s biannual Op3n conference on Thursday. The debit card is linked to Ledger Live, a desktop and mobile application that enables Ledger users to buy, swap and stake cryptocurrencies. The CL card supports several cryptocurrencies, including Bitcoin (BTC), Ether (ETH) and stablecoins USD Coin…

Read More

Coinbase announces support for hardware wallets, starting with Ledger

Coinbase mobile app Buy BTC, Ethereum, SHIB, Bitcoin Cash

Major exchange Coinbase has announced it will begin to support crypto hardware wallets, starting with Ledger. The two companies made the announcement at the Ledger Open conference, which is taking place in Paris on Thursday and Friday. Ledger is a major supplier of cold hardware wallets, which store users’ private keys more securely than hot online wallets. Users of the Coinbase Wallet browser extension will be able to connect their Ledger hardware wallets, maintaining self-custody and full control over their assets. The partnership will be rolled out in phases, starting…

Read More

Kickstarter plans to migrate to platform built on Celo blockchain

Kickstarter

Crowdfunding platform Kickstarter will be launching a new company that will eventually see its website move to a blockchain-based system on Celo. In a Wednesday blog post, CEO Aziz Hasan and co-founder Perry Chen said Kickstarter would be developing an open-source protocol that will live on the Celo blockchain. The two execs cited the blockchain’s efforts in minimizing its environmental impact — being carbon negative — in addition to the fact it was open source. “We are entering a significant moment for alternative governance models, and we think there’s an…

Read More

Central Banks of France and Switzerland announce successful trial of digital Euro, Swiss Franc

Project Jura Experimental architecture

Although the project was a success, the central banks warned that significant rulebooks, contingency procedures and monitoring capabilities were needed to ensure the success of a CBDC. On Wednesday, the Banque de France (BdF), the BIS Innovation Hub (BISIH) and the Swiss National Bank (SNB) announced the success of a pilot run of a wholesale central bank digital currency (wCBDC), titled Project Jura. The project, which aimed to investigate cross‑border settlement with euro and Swiss franc wCBDCs, was launched on a third‑party distributed ledger technology platform. The experimental technology explored…

Read More

India to set maximum penalty for violating crypto norms at fine of $2.7 million or 1.5 years in jail

crypto trading

BloombergQuint (Bloomberg India) reported that the penalty for non-compliance with the Indian government’s crypto policies could range from a maximum fine of 20 crore rupees ($2.7 million dollars) or 1.5 years in jail. Prime Minister Narendra Modi will likely give cryptocurrency investors a deadline to comply with new rules and declare their assets. While the regulatory environment in the country holds a high degree of uncertainty, reports have indicated that investors’ crypto must soon be held in exchanges operating under the oversight of the Securities and Exchange Board of India,…

Read More

Sandbox Metaverse Alpha to launch Nov. 29 after four years in development

Exclusive Alpha NFTs

SAND prices have surged to a new all-time high as The Sandbox announces its highly anticipated play-to-earn metaverse event. Animoca Brands’ virtual property and gaming firm The Sandbox is opening up part of its metaverse to players for the first time via a multi-week play-to-earn (P2E) Alpha event. But only a handful of lucky players will get to enjoy the full experience. The Sandbox’s virtual gaming world enables users to monetize their time spent in the metaverse via a play-to-earn model. Players can purchase land and create nonfungible tokens (NFT)…

Read More

Twitter, Discord to support Solana NFT gallery ‘embed’ with Audius Web 3.0

Audius NFT

New “embedded” functionality aims to improve fan engagement for musicians through NFT adoption and Web 3.0 integrations. California-based music streaming platform Audius released a new function that allows artists and fans to embed nonfungible tokens (NFT) on various blogs and social media platforms such as Twitter and Discord. The “embedded” functionality aims to improve fan engagement for musicians through NFT adoption and Web 3.0 integrations. To enable the feature, artists need to connect their Audius accounts with Phantom wallet, a crypto wallet centered around the Solana ecosystem. Aiming to increase…

Read More

Binance issues 10 fundamental rights for crypto users

Binance boss Changpeng Zhao

Binance, one of the world’s leading cryptocurrency exchanges, announced its 10 Fundamental Rights for cryptocurrency users, which the largest cryptocurrency platform by volume, touts that it can serve as a guiding hand in regulatory discussions and can help with the development of global frameworks for crypto markets. These fundamental rights according to Binance are “meant to ensure safe access to emerging technologies, liquidity, and secure platforms among other steps to ‘protect users without limiting growth and innovation.” In an interview with Bloomberg, Binance boss Changpeng Zhao explained that the 10…

Read More