Tag: Crypto News

Nearly Half of Cryptocurrency Owners Purchased Digital Assets for the First Time in 2021: A Survey

admin

Nearly half of all cryptocurrency holders in the United States, Latin America and Asia Pacific purchased digital assets for the first time in 2021, according to a new survey by US crypto exchange Gemini. The survey of nearly 30,000 people in 20 countries, conducted between November 2021 and February 2022, showed that 2021 was a successful year for cryptocurrencies, with inflation in particular leading to adoption in countries that experienced a decline in value. currency, according to the report. Gemini found that Brazil and Indonesia lead the world in digital…

Read More

Program Code Change Will Reduce Bitcoin’s Energy Use by 99.9%: Climate Clusters

admin

Bitcoin mining uses more electricity than all the electricity that Sweden does, according to a report from the University of Cambridge. In a new campaign launched, a group of Bitcoin climate activists want to change their algorithm from Proof-of-Work to proof of stake To reduce climate consumption. The campaign called “Change the code, not the climate” aims to get Bitcoin to change its algorithm, which will significantly reduce the competition for cryptocurrency mining. Ultimately, reducing carbon dioxide emissions from using expensive hardware to mine cryptocurrency. According to a report cited…

Read More

“People have lost their minds”: Binance CEO on the NFT frenzy

admin

Changpeng Zhao, CEO of Binance, is not a huge fan of non-fungible tokens (NFTs). He thinks the NFT craze is “crazy” and “people have lost their minds”. NFT is Anything starting from your art, A drawing, music, GIF, etc. or even a selfie can be converted to NFT. Any digital file can be converted to NFT on a distributed blockchain database. It’s a certificate of authenticity for artwork, music, video, and even tweets. In a recent interview with Fortune, Zhao said that whatever you think of NFTs, it cannot be…

Read More

Visa launches a program to help young creators expand their businesses with NFTs

admin

Payment service provider Visa has launched the “Creator Program” – which aims to educate young entrepreneurs to understand and benefit from it Non-fungible tokens (NFTs) to expand their business further. According to Visa, its new program will Helping digital artists, musicians, fashion designers and filmmakers strengthen Small businesses using non-fungible tokens (NFTs) to navigate the new commerce category. “NFTs have the potential to become a powerful accelerator for the creator economy,” said Coy Sheffield, Head of Crypto, Visa. “We have been studying the NFT ecosystem and its potential impacts on…

Read More

Taiwanese puppeteers are looking to NFTs to keep their art alive

admin

Looking for a group of Taiwanese doll movers Use of non-fungible tokens, or NFTs, To help bring the traditional art form into the modern era and keep it relevant for a new audience. NFTs are crypto assets that represent a digital object such as a photo, video, or even land in virtual worlds, with some of them soaring in price so fast last year that speculators around the world sometimes “flip” them in a matter of days to turn a profit. Pili International Multimedia, which hosts Taiwan’s longest running television…

Read More

Hackers use Telegram and websites to promote malicious crypto wallets: Eset researchers

admin

The influx of new investors into the cryptocurrency space has opened up new opportunities for cybercriminals to target unwanted individuals. Security researchers at Eset have discovered 40 fakes of well-known cryptocurrency wallets. These crypto wallets hide malicious Trojans inside that are designed to steal all your crypto assets. These malicious apps were able to steal victims’ secret initial phrases (passcodes used to access the crypto wallet) by impersonating Coinbase, imToken, MetaMask, Trust Wallet, Bitpie, TokenPocket or OneKey. For beginners, a crypto wallet It is where all your cryptocurrency lies. This…

Read More

How to save the Amazon forest? Brazilian company says NFTs are the answer

admin

A Brazilian company that owns 410 square kilometers (158 square miles) of the Amazon rainforest is offering a new way to fund conservation: the sale of non-fungible tokens (NFTs) that allow buyers to sponsor the conservation of certain areas of the forest. NFTs are a type of crypto asset that has gone viral in the last year, with a unique digital signature ensuring that it is unique. Other efforts to fund conservation through NFTs include plans for wildlife sanctuaries in South Africa. In Brazil, a company called Nemus on Friday…

Read More

Clarifying ‘harmful’ and ‘restrictive’ crypto-taxes for investor sentiment: Experts

admin

The cryptocurrency industry is urging the government to reconsider its latest clarification on how crypto taxes work, calling the new measures harmful to the market. The reaction comes as Minister of State for Finance Pankaj Chaudhry made it clear in Parliament that losses incurred from one type of cryptocurrency cannot be offset against gains from any transaction involving another cryptocurrency. “Treating the profits and losses of each market pair separately will discourage cryptocurrency participation and stifle the growth of the industry. It is very unfortunate, and we urge the government…

Read More