303.6 Million SHIB Burned as Shiba Inu Is up 12%

Shiba Inu Latest Burn Transactions

Per data made public recently, another massive sum of Shiba Inu canine crypto has been sent to “inferno” wallets and, thus, taken out of circulation. Almost all of this amount of SHIB was burned in merely one transaction. Shiba Inu burns (as is the case with other cryptocurrencies) are being made in an attempt to reduce the circulating supply of the token and push the price toward higher highs. In the meantime, the second-biggest meme coin by market cap after DOGE has demonstrated a 12% rise in the past 24…

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Bitcoin Rockets Again to Over $46K

Bitcoin

After all the crypto market’s ups and downs, Bitcoin scores a price of over $46K. With a market cap of almost $900 billion, a 24-hour low/high numbers of $44,413.48/$47,172.18, and a seven-day low/high numbers of $40,842.4 /$46,992.89, Bitcoin has went up by 4.8% during the last four hours. The official page of Bitcoin on Twitter announced the news with a tweet, implying that no one can predict Bitcoin. The tweet had a short video of a rocket going up in the sky as well. The reactions to this fact were…

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Australian competition regulator takes Meta to court over fake crypto ads

kryptoměny podvod Meta

The Australian Competition and Consumer Commission (ACCC) is taking Meta Platforms, Inc. (formerly Facebook) to the Federal Court, alleging that the firm and its Irish branch engaged in “false, misleading or deceptive conduct” by publishing scam celebrity crypto ads. Some users have lost hundreds of thousands of dollars to the sophisticated and long-running scams tied to the ad. The spotlight on Meta has heated up in Australia since the start of February, with Cointelegraph previously reporting that the ACCC was investigating the firm over allegedly fraudulent crypto ads. Aussie mining…

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President Zelensky of Ukraine Signs Virtual Asset Bill to Legalize Crypto

Ukrajina crypto Bitcoin

Ukraine formally legalizes crypto after receiving over $100 million in support from the crypto community since its war with Russia started. Ukraine’s president has officially signed the virtual asset bill to legalize cryptocurrencies for income, exchange, and business, as approved by parliament last month. This comes after weeks of financial support from the crypto community for help in fending off Russia’s invasion. According to a statement from the Ministry of Digital Transformation of Ukraine, the new law creates conditions for a legal virtual asset market in the country. It will…

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Nokia’s SaaS-based Data Marketplace selected by Equideum Health to power its healthcare blockchain solutions

Nokia Data Marketplace

Nokia announced that it has been selected by Equideum Health to help the US-based company jointly develop and deliver healthcare use-cases by using Nokia’s Data Marketplace (NDM) solution delivered through its Software-as-a-Service (SaaS) model. NDM, launched in 2021, facilitates secure sharing of data and AI models in order to drive digital transformation and data monetization for ecosystem players. Taking those NDM capabilities in conjunction with its SaaS delivery model, Nokia will enable healthcare and life sciences blockchain leader Equideum Health to launch new use-cases faster and achieve time-to-value quicker. Equideum…

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Company auctions 1-of-1 Topps 1952 Mickey Mantle Card NFT in what may be the highest valued sports NFT to date

MICKEY MANTLE 1952 BASEBALL CARD NFT

History was made when the Topps trading card of American baseball player Mickey Mantle sold for $5.2 million. Setting a new standard for rare collectibles, traditional collectors quickly realized that this industry is far different from the days of older generations, with larger-ticket sales now commonplace. Now, the world is quickly shifting into a digital era, meaning physical assets that once held millions in value are making their way to the virtual world through nonfungible tokens (NFTs). The result is that NFTs are now being offered as the next generation…

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Binance invests $200M in Forbes to boost consumer knowledge on Bitcoin

Binance Forbes

Binance, the world’s largest cryptocurrency exchange by trading volumes, is making a strategic investment in the 104-year old magazine Forbes to improve consumer understanding of cryptocurrencies and blockchain. Forbes and Magnum Opus Acquisition Limited, a publicly-traded special purpose acquisition company (SPAC), officially announced Thursday securing a $200 million strategic investment from Binance. Forbes previously announced plans to go public through a business combination with Magnum Opus in August 2021, with the deal expected to close in Q1 of 2022. Binance’s strategic investment will be through Binance’s assumption of subscription agreements…

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New Alfa Romeo SUV uses NFT and blockchain to track car records

Alfa Romeo Tonale SUV

Italian carmaker Alfa Romeo has unveiled its latest vehicle, the Tonale SUV. The firm claims that it is the first in the industry to connect each vehicle to its own blockchain-based token, which can keep track of the car’s whole life cycle. One of the most distinctive features of this SUV is that each car is linked to an accompanying nonfungible token (NFT). The Tonale NFT, according to Alfa Romeo, certifies a car upon purchase and then simply records and keeps data during the vehicle’s lifespan. Francesco Calcara, head of…

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SEC hits BlockFi with a $100 million penalty, gives 60 days to comply with a 1940 law

BlockFi website

On Feb. 14, the Securities and Exchange Commission, or SEC, announced actions against crypto lending company BlockFi over its failure to register high-yield interest accounts that the agency deems to be securities. New Jersey-based BlockFi will pay $50 million in settlement to the SEC and another $50 million to 32 U.S. states that brought similar charges. These are some of the heaviest penalties ever imposed by a U.S. federal regulator on a cryptocurrency service provider. The firm also agreed to stop onboarding new customers to the unregistered service, BlockFi Interest…

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New feature allows enterprises mint NFTs with minimal coding

TATUM platform

Recent Chainalysis data showed that users moved over $40 billion worth of crypto to Ethereum’s nonfungible token (NFT) smart contracts in 2021. While this reflects the rapid growth of NFTs, there are still many obstacles when it comes to minting these tokens, and one startup is addressing this problem by doing all the behind-scene processes. NFTs have been all the rage during the last few months, and most experts agree that the trend is here to stay given the transformative potential for a lot of industries, from digital art to…

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Russian government and central bank agree to treat Bitcoin as currency

chip cryptocurrency

Cryptocurrency transactions of more than 600,000 rubles (roughly $8,000) will have to be declared; otherwise, it could be considered a criminal act. The government and central bank in Russia have reached an agreement on how to regulate cryptocurrencies, according to a Tuesday announcement. Russia’s government and central bank are now working on a draft law that will define crypto as an “analogue of currencies” rather than digital financial assets set to be launched on Feb. 18. Cryptocurrencies would function in the legal industry only if they have complete identification through…

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Hacker could’ve printed unlimited ‘Ether’ but chose $2M bug bounty instead

Boba Network Twitter

A self-styled “grey hat” hacker figured out how to trick Ethereum scaling solution Optimism into effectively printing unlimited Ether earlier this month. Software engineer Jay Freeman (who goes by Saurik online) didn’t leverage the exploit. Instead, he reported the issue to Optimism’s dev team, who paid him a $2-million bug bounty. Freeman is probably best known for his work on Cydia, the app store for jailbroken iPhones. However, more recently he’s been looking for bugs on blockchains. According to a breakdown on Freemans’ website, he discovered the glitch while looking…

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LockBit ransomware gang claims to have stolen data from PayBito crypto exchange

paybito hack

PayBito is a bitcoin and cryptocurrency exchange for major cryptocurrencies including Bitcoin Cash, Bitcoin, Ethereum, HCX, Litecoin, Ethereum Classic. The exchange is operated by global blockchain and IT services company HashCash. LockBit ransomware operators claim to have stolen customers’ data from the PayBito crypto exchange, the name of the company was published on the gang’s Tor leak site. Lockbit ransomware operators claim to have stolen a database containing personal data belonging to more than 100,000 customers worldwide. Read more: securityaffairs.co

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IMF tells El Salvador to drop Bitcoin as legal tender, President Bukele brushes them off

El Salvador

Bitcoin is putting the economy of El Salvador at risk, threatening its financial stability and consumer protection. This is according to the International Monetary Fund, which in a recent report, urged the Central American country to drop BTC as legal tender. It did, however, acknowledge that the state-issued Chivo wallet could play an integral role in promoting financial inclusion. The IMF has never been a fan of the Bitcoin Law that El Salvador promulgated in September last year. In its latest report, it has criticized the country’s leadership for pursuing…

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2.5 Billion SHIB Burned Since Dec. 1

Shiba Inu

According to data provided by the @worldofao Twitter account, since Dec. 1, various members of the SHIB Army have removed two and a half billion SHIB tokens from circulation. Almost half a million of that astounding amount was destroyed last week. Every time large amounts of SHIB are burned, the community expects the token to begin rising in price. Another huge factor that is expected to push the SHIB price up is its potential listing on Robinhood. However, the popular trading app has not confirmed the listing rumors, and the…

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