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Burger King is giving away 20 bitcoin, 200 ether, and two million dogecoin this month in partnership with trading platform Robinhood. “Each entrant may receive up to 21 Prize Codes” that can be redeemed for cryptocurrencies on Robinhood. ‘Burger King With a Side of Crypto’ Fast food restaurant chain Burger King has announced “Burger King with a side of crypto,” its newest offer for Royal Perks members. To be eligible to participate, customers must “make a minimum $5.00 pre-tax Burger King (‘BK’) food and/or beverage purchase” either online at BK.com, using the BK app, or at participating BK restaurants, the company explained, adding: The prize pool includes two million dogecoin, 200 ethereum and 20 bitcoin, so only 220 guests could receive a bitcoin or ethereum cryptocurrency prize. “There will be 2,000,220 Prize Codes available as of the start of the promotion,” Burger King further detailed. Participants must be Royal Perks members, for which sign-up is free. According to the company’s estimates, the “odds of winning each prize at the start are approximately: Bitcoin Prize: 1:100,011 (20 available); Ethereum Prize: 1:10,001 (200 available) and Dogecoin Prize: 1:1 (2 million available).” However, the “Odds will change as prizes are distributed,” and “Unclaimed Prizes will not be awarded,” the fast-food company added. Customers will receive an email from Burger King shortly after making a qualifying purchase that includes a prize code. There is a limit of one prize code per person per day. The Burger King crypto promotion has two phases. The first is the “Prize Code Receipt” phase; the second is the “Prize Claim” phase. Both phases began on Nov. 1 at 10:00 a.m. EST. The first phase will end on Nov. 21 at 11:59 p.m. EST and the second phase on Dec. 17 at 11:59 p.m. EST. Participants have until the end of the second phase to claim their prize codes through Robinhood. “You will need to open a Robinhood Crypto account and download the Robinhood app to claim your cryptocurrency prize,” Burger King noted. The fast-food chain clarified: Once all Prize Codes have been distributed, the Prize Code Receipt Phase will end, even if this is before November 21, 2021. Each entrant may receive up to 21 Prize Codes. The official Burger King crypto promotion rules can be found here. Will you participate in this Burger King crypto giveaway? Let us know in the comments section below. View the full article

Robert Kiyosaki, the best-selling author of Rich Dad Poor Dad, has warned that the U.S. is “sliding into depression.” He said that a giant crash is coming, after which “a new depression” will follow. Bitcoin is among his recommendations for smart investing. Robert Kiyosaki Sees Giant Crash Coming, Followed by a New Depression Famous author and investor Robert Kiyosaki has warned of a new depression in the U.S. following a “giant crash.” Rich Dad Poor Dad is a 1997 book co-authored by Kiyosaki and Sharon Lechter. It has been on the New York Times Best Seller List for over six years. More than 32 million copies of the book have been sold in over 51 languages across more than 109 countries. The famous author tweeted Friday that the U.S. is “sliding into depression.” He said President Joe Biden and the Fed are “ripping off people,” noting that they “need inflation to prevent new depression.” Kiyosaki stressed: “Inflation rips off the poor. Inflation makes [the] rich richer. Biden and Fed corrupt.” He continued: Prepare: Giant crash then new depression. Be smart: Buy, gold, silver, bitcoin. A number of people have voiced similar concerns about inflation. Senator Rick Scott (R-Fla) said on Fox News Sunday that Americans should be furious with the way Democrats are handling their money, adding that President Joe Biden’s Build Back Better agenda will only worsen the country’s “ridiculous” inflation. “If you look at what they’re talking about with this — name whatever the bill is — all it’s going to do is cause more inflation … Look at what it’s doing to poor families in this country, with gas prices up 55%. Go to the grocery store, food prices are up. It’s all caused by government spending,” he opined. This is not the first time Kiyosaki has warned that a major crash is coming. In September, he said: “Giant stock market crash coming October. Why? Treasury and Fed short of T-bills.” He noted at the time that “Gold, silver, bitcoin may crash too,” adding that cash is “best for picking up bargains after [the] crash.” The famous author emphasized that he is not selling gold, silver or bitcoin. Kiyosaki has been recommending BTC to investors for quite some time. Earlier this month, he said: “I love bitcoin because I do not trust Fed, Treasury, or Wall Street.” When the price of BTC rose above $60K, Kiyosaki tweeted: “Future very bright. Celebrate yet be cautious. I am waiting for a pullback before investing more.” In August, he said bitcoin was the investment with “the greatest upside.” What do you think about Robert Kiyosaki’s warning? Let us know in the comments section below. View the full article

Shark Tank star and the owner of the NBA team Dallas Mavericks, Mark Cuban, and the CEO of crypto trading platform Voyager have given some advice to people thinking of starting to invest in cryptocurrencies. “You don’t have to spend a lot of money in order to learn. It’s not like the stock market where it’s almost impossible,” Cuban said. How to Get Into Crypto, What Investors Should Know The owner of the NBA team Dallas Mavericks, Mark Cuban, and the CEO of crypto platform Voyager, Steve Ehrlich, gave some advice on how to get into cryptocurrency last week during the partnership announcement between the Dallas Mavericks and Voyager. They were asked whether it was too late to get into cryptocurrency and what new crypto investors should know. Responding to the question: “Is it too late to get into crypto?” Voyager CEO Steve Ehrlich replied: It’s never too late and, actually, now is the right time. I still think it’s the first half of the first quarter on crypto adoption. “About 220 million people have crypto right now and we (anticipate) a billion in four years. So that shows you where we can actually go with crypto and crypto adoption,” he elaborated. Cuban noted: You don’t have to spend a lot of money in order to learn. It’s not like the stock market where it’s almost impossible, except on a few platforms, to spend $10 and get started. He further shared: “My now 12-year-old son got me in dogecoin when it was less than a penny. I was like ‘let’s do this’ because it’s a cheap way for him to learn how all of this works.” The two were also asked if someone is getting into crypto for the first time, “what are some key things [they] need to know?” Ehrlich advised: Enter small and just learn a little bit. Start small and I think it’s always wise to start financial investments small and then work your way up. He continued: “As you start learning more and understanding more, then you can start increasing from there. But I think it’s always a wise place to start.” Cuban concurred, cautioning: “You’re spending your money, so always be careful. But the other thing, look, there’s investments. Things like shiba inu [SHIB] and dogecoin [DOGE], those aren’t investments.” What do you think about the advice given by Mark Cuban and Voyager’s CEO? Let us know in the comments section below. View the full article

PRESS RELEASE. Singapore-based Enjinstarter (EJS) has completed its Token Generation Exercise (TGE), raising a total of $500,000 via a collaborative fund raising effort over 4 launchpads namely Genesis Shards, Chainboost, Starter.xyz and Enjinstarter’s own launchpad. This followed a highly-successful, oversubscribed private sale that raised $5 Million from prominent Crypto VCs and highly influential angel investors from the Blockchain and Digital Assets industry. According to Enjinstarter CEO, Prakash Somosundram, “Enjinstarter’s native token (EJS) presents an exciting opportunity for token holders who want to ride the massive trend of Blockchain Gaming and Metaverses. We are also honoured to have had the strong support of our investors who not just contributed financially, but also supported us through the introduction of key opinion leaders and also to quality projects to feature on our launchpad”. “With an impeccable track record of investing within the crypto gaming sector, the X21 Digital team values the long term viability of Enjinstarter in spearheading the growth and development of gaming startups in the Enjin ecosystem. We are pleased with their progress so far and look forward to the next generation of amazing blockchain games.” commented Lester Lim , cofounder of X21 Digital. A Strong List of IDOs in the Pipeline Right after its TGE, Enjinstarter hosted the public sale of Defina (FINA) on the 11th of October 2021. Defina an online blockchain game that combines decentralized finance (Defi), and NFT to allow players to own their gaming assets and monetize them through Play to Earn. Defina has been highly successful and has achieved more than 14 times the return on investment on its IDO price in less than a month. Enjinstarter is currently running Gaia Everworld’s public sale which will happen from the 31st of October 2021. Gaia Everworld is the immersive, multi-region fantasy world in which players build their kingdoms, explore the lands, collect, breed and battle their Gaia Legionnaires. Gaia Everworld is part of the new generation of gaming being built on the blockchain which gives players full ownership of their characters, and rewards them for playing in a “play to earn” model of gaming which has taken the crypto space by storm in 2021. Enjinstarter is expected to host at least 7 projects in November including Pixelverse , Scotty Beam, Killbox, ZomFi, Playermon, One Rare and Attackwagon. “We will continue to strive to find the best Blockchain Gaming projects for our community, and the best value that we can give each project would be to ensure they run a smooth and successful campaign and get all the necessary support they need” commented Prakash. “We are excited to be working with Prakash and the Enjinstarter team for our IDO. They have not been just partners but friends as well and are playing a key role in helping us realize the vision of our project and accelerate our investor readiness ” shared Guarav Gupta, Co-founder of OneRare-The First Food Metaverse Game. Next Phase of Growth Trading on Uniswap since 2nd of October 2021, Enjinstarter is currently trading at close to 16X ROI on the Public Price down from the all time high of 31X ROI achieved earlier in the month. Enjinstarter will also be introducing native staking on its platform soon to encourage long term investors to stake their tokens. They are currently preparing for a centralized exchange listing in early November 2021 # # # About EnjinStarter EnjinStarter is a launchpad for Blockchain Games, NFTs and Metaverses. They are focused on building an ecosystem for Enjin and Efinity. Participate in all upcoming Initial Game Offering at www.Enjinstarter.com Backed by Top Names & Institutional Investors Enjinstarter boasts an impressive list of institutional investors including Enjin, Baselayer and many other global digital assets funds.. Notable angel investors and advisors include Maxim Blagov, Witek Radomski , Shashwat Gupta , Garlam Won , Gabby Dizon , Heslin Kim, Kelly Choo, Shitij Gupta, Melvin Yuan, Rakesh Gupta and Joni Kuiru. Complete List of Institutional Investors: Enjin, Baselayer, Momentum 6, Arkstream Capital, AU21 Capital, Aussie Capital, Angleone Capital, Avalon Wealth Club, Boost Innovation Labs, Brotherhood Ventures, Basics Capital, Chainstride Capital, Crypto Dorm Fund, CSP Dao Network, Dutch Crypto Investors, Exnetwork Capital, Follow the Seed, HG Ventures, Hello Capital, It’s Blockchain, Kangaroo Capital, Moon Whale Ventures, Oracles Investment Group, Otis Capital, Tag Ventures, Three M Capital, TK Ventures, Starter Capital, Skybridge 20 Ventures, Vendetta Capital, 6k Starter and 0x Ventures. This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release. View the full article

87 days ago, the Ethereum network successfully implemented the London hard fork upgrade, and ever since then over 700,000 ether has been burned, or more than $2.4 billion using today’s exchange rates. 702,886 Ethereum Burned Since the London Hard Fork Data from Dune Analytics indicates that on October 31, 2021, otherwise known as Halloween, 702,886 ethereum (ETH) has been burned. The burning of ethereum started on August 5, 2021, when the Ethereum network successfully implemented the London hard fork upgrade and EIP-1559. At the time, the London hard fork upgrade included roughly five different changes but the most transformative were EIP-1559 and EIP-3554. While EIP-3554 changed the Ethereum network’s difficulty bomb, EIP-1559 changed Ethereum’s fee rate to a new scheme that makes the crypto asset ether deflationary. Just recently, Ethereum implemented the Altair upgrade which helps smooth the consensus process from proof-of-work (PoW) to proof-of-stake (PoS). After Altair was implemented, ethereum (ETH) tapped an all-time high (ATH) two days ago on October 29, reaching $4,467 per ether. The 702,886 ethereum (ETH) that has been burned to date is worth roughly $2.476 billion using exchange rates on October 31. The biggest ETH burner today is the non-fungible token (NFT) marketplace Opensea which has burned 91,171 ether. This is followed by typical ether transactions that everyday users and organizations send which amounts to 63,441 ether burned. The decentralized exchange (dex) Uniswap V2 has burned 51,217 ether, making it the third-largest burner today. While tether (USDT) is the fourth-largest burner on the network on Sunday, the stablecoin USDC is the eighth-largest in the pack. Other notable platforms and networks that contribute significantly to the ether burn rate include Metamask, Axie Infinity, and the dex aggregator 1inch. Meanwhile, statistics from bitinfocharts.com indicate the average transaction fee on the ETH network is 0.012 ether or $51.16. Metrics from l2fees.info are far more modest with Ethereum network fees recorded at $10.21 per transaction. L2fees.info also shows that transferring Ethereum-based tokens can cost $23.26 per transfer and swapping a token via a smart contract can cost $51.05 per transaction. What do you think about the 700K ether or $2.4 billion worth of ethereum burned since August 5? Let us know what you think about this subject in the comments section below. View the full article

All around the world cryptocurrency supporters and proponents of blockchain technology are celebrating the 13th anniversary of the Bitcoin white paper. The summary of the inventor’s creation was published on metzdowd.com’s Cryptography Mailing List on Halloween 2008, as it gave birth to an asset with a market valuation of over $1 trillion and sparked the creation of over 10,000+ cryptocurrencies that followed Satoshi Nakamoto’s innovative design. Introducing the Proof-of-Work Chain: A Solution to the Byzantine Generals Problem 13 years ago at approximately 2:10 p.m. (EDT), Satoshi Nakamoto published the Bitcoin white paper, a summary of the innovative network and native cryptocurrency that changed the world. The 12-part white paper starts off with an indented paragraph called an abstract which explains that Bitcoin is a “purely peer-to-peer version of electronic cash [that] would allow online payments to be sent directly from one party to another without going through a financial institution.” When the paper was first published, academia and computer scientists worldwide were not aware that Bitcoin’s inventor solved a problem that had plagued computer scientists for years — the “Byzantine Generals Problem” or the “Byzantine Fault.” Two weeks after Nakamoto published the white paper on Halloween 2008, he told the pseudonymous member of metzdowd.com’s Cryptography Mailing List, James A. Donald, the inventor solved the problem. Nakamoto said on November 13, 2008: The proof-of-work chain is a solution to the Byzantine generals’ problem. The benefits of Nakamoto’s paper were clear and the advantages of triple-entry bookkeeping became apparent to people who studied the inventor’s paper and witnessed the launch of the network on January 3, 2009. Satoshi also told Donald a few days earlier, that the “proof-of-work chain is the solution to the synchronisation problem, and to knowing what the globally shared view is without having to trust anyone.” Triple-Entry Bookkeeping: Nakamoto’s Bitcoin Invention Has Forever Changed the World Since then, Nakamoto’s paper gave birth to the Bitcoin network and the myriad of blockchains that followed. Moreover, the white paper is leveraged in academia quite a bit these days as it is referenced in many crypto network white papers and cited 17,201 times on Google Scholar. It is safe to say there hasn’t been another white paper as prolific and innovative as Nakamoto’s since its release on October 31, 2008. It quite literally invoked the next level of ledger accounting systems as triple-entry bookkeeping — in contrast to single and double-ledger systems — offers a concept that is nearly trustless, if we remove trusting the autonomous system. Bitcoin transactions are pseudonymous and users can add as much privacy as they want as the system offers both public transparency and privacy at its core. “The traditional banking model achieves a level of privacy by limiting access to information to the parties involved and the trusted third party,” the Bitcoin white paper details. “The necessity to announce all transactions publicly precludes this method, but privacy can still be maintained by breaking the flow of information in another place: by keeping public keys anonymous.” Just as the printing press changed society for the better and allowed people to learn without an apprenticeship and just as the combustion engine made traveling a whole lot faster, Satoshi Nakamoto’s Bitcoin invention is one that has forever changed the world. In the beginning skeptics, bankers, and governments mocked and laughed at the nascent technology and in time they even tried to attack crypto’s exponential growth. These days, the biggest financial institutions in the world are trying to adapt to Nakamoto’s concepts and governments are trying to produce their own versions of blockchain technology. The white paper is now a very important paper that is hosted on the websites of large corporations, city web portals, and cited as one of “the seminal works” of computer science. On Lex Fridman’s podcast at the end of April 2020, Twitter CEO and Square co-founder, Jack Dorsey, told Fridman the white paper is like “poetry.” “I think the Bitcoin whitepaper is one of the most seminal works of computer science in the last 20 or 30 years,” Dorsey said. Bitcoin.com News readers that are interested in reading the innovative Bitcoin white paper can read Satoshi Nakamoto’s famous paper in its entirety here. What do you think about the 13th anniversary of the Bitcoin white paper? Let us know what you think about this subject in the comments section below. View the full article

2021 has been the year of decentralized finance (defi), non-fungible tokens (NFTs), and meme tokens as well. During the first week of August, roughly 30 dogecoin-like crypto assets existed and today, there are now 45 tokens with the terms “dog,” “shiba,” and “inu” in their names. Many of these coins have seen astronomical gains this year, outperforming some of the most sophisticated blockchain assets. Who Let the Dogs Out? Doge-Like Meme Tokens Are No Joke When it Comes to Market Gains Digital meme-based currencies have done extremely well this year in terms of fiat gains. At the beginning of the year, all eyes were on dogecoin (DOGE), when the original meme crypto skyrocketed in value. Dogecoin has gained a whopping 10,360% year-to-date which is much larger than BTC’s 350% gain this past year and ETH’s 1,014% 12-month gains. After spending years below a U.S. penny per token, DOGE surged to $0.731 per unit six months ago on May 8. Close to eight years ago the Dogecoin network launched on December 6, 2013, and today, there are 45 meme-based crypto assets with the terms “dog,” “shiba,” and “inu” in their names. That’s 15 more canine-coins than the count Bitcoin.com News recorded during the first week of August. Many of these coins have seen phenomenal gains like shiba inu’s (SHIB) 83,639,360% massive rise during the last 12 months. SHIB has gained a whopping 815% during the last month alone and reached an all-time high on October 28. The digital asset dogelon mars (ELON) is the fifth-largest meme-based crypto asset, according to Coingecko’s “Top Meme Tokens by Market Cap” list. Dogelon mars hasn’t been around for a whole year, but during the last 30 days, the crypto asset has risen 3,930% in value. Baby doge coin (BABYDOGE) is the seventh-largest meme crypto in the bunch and it has spiked ​​560% during the last month. In the last seven days, safemoon inu (SMI) has spiked 540% and polydoge (POLYDOGE) jumped 459% this past week. Dogecoin and Shiba Inu See Google Trends Search Queries Rise in October What bitcoin saw during the last year in terms of gains, these meme-based dog crypto assets have outperformed during the last month and even the last seven days. While there are a few hundred meme-based crypto assets that are not tied to the terms “dog,” “shiba,” and “inu” in their name, coins bearing those descriptive terms are the top dogs of the meme market revolution. Both dogecoin (DOGE) and shiba inu (SHIB) have been the top two dog coins holding the ranks and during the last month, Google Trends (GT) worldwide data indicates on October 27, the term “SHIB” scored 100 points. GT data is based on the number of “SHIB” queries Google has recorded and 100 points is the highest score a trend can achieve. The term “SHIB” dropped the following day on October 28, tapping a GT score of 93. While the search query “SHIB” got a 100 on October 27, the same day the query term “dogecoin” scored a 53. However, things changed quickly the following day as the search query “dogecoin” scored an 89 in contrast to the 93 “SHIB” scored on Thursday. What do you think about the 45 dog coins today? Let us know what you think about this subject in the comments section below. View the full article

OVR AR Metaverse goes to a whole other level. Italian company OVR is announcing today the creation of the so-called OVR Land Map. OVR Land Mapping: the metaverse to another level Thanks to the powers of AI, in fact, OVR is able to generate a 3D map of the physical world starting from simple pictures, no lidar or other expensive HW needed, just the smartphone in your pocket. All of the OVR users will be able to contribute to creating the biggest detailed 3D map of the real world. This revolutionary technology of open mapping system will bring the OVR AR Metaverse to a whole other level: currently, when geolocalization an AR asset in an OVRLand there’s the limitation of the GPS accuracy that has meters of error outdoor while is totally unreliable indoor, a scanned OVRLand will have a localization precision up to ì0 cm. A new AR experience That opens up a whole new realm of opportunities in creating AR experiences that before were not technically feasible: localizing experiences on a specific wall or a statue outdoors, precisely superimposing AR to existing buildings, geolocating assets indoor and on multiple floors, to name a few… No other platform, nor in the blockchain, nor the traditional world, can currently achieve this. But this is not only about AR precision and creating a wider bridge between the physical and the digital world; this is also about creating new economies on OVR. For example, Axie Infinity demonstrated what the potential of play-to-earn is. It enabled a crowd of players to earn a living in the Metaverse, also creating social inclusion between some of the poorer populations on the planet. OVR, with its technology, will unleash the potential of Map to Earn, so the company will enable a crowd of OVRLand Scanners to earn OVR tokens by simply scanning physical locations with the smartphone they have in their pockets. An amazing infrastructure The company foresees this activity to be subsidized by OVR with a part of the revenues from OVRLand sales, by OVRLand owners that will decide to make their OVRLands even more valuable and usable by adding the 3D mapping and finally institutions that will harness the OVR platform to populate the Public Utility Layer of their territories. In the last year, treasure hunters physically went to over one million locations to collect the tokens, which would be already 300.000 mapped sq Km! And that’s not all, another important question is what parts of the world should be mapped? OVR has an answer to this question, OVRLand buyers generated a “Wisdom of the Crowds” based map, 6k+ investors voting with their wealth on the most important locations in the world. Davide Cuttini, CEO of OVR, talks about the future of AR Metaverses: “When I imagine a world where reality and virtuality are fused, where thanks to small contact lenses I can’t distinguish real and unreal projections, the crowdsourced 3D world scanning is the fundamental brick to create an amazing new infrastructure. Without the complete understanding of the real world through AI models available from commodity devices, no AR platforms will see a real adoption. I think that OVR is in the right direction to democratize access to this amazing new way to live our lives!”. This is a sponsored post. Learn how to reach our audience here. Read disclaimer below. View the full article

The Federal Security Service of the Russian Federation has issued a draft order allowing its agents to request information from cryptocurrency platforms among other organizations. The move follows changes made to the anti-corruption legislation in Russia, the agency noted. FSB Wants Access to Crypto Data for Anti-Corruption Checks in Russia Russia’s main law enforcement agency, the Federal Security Service (FSB), has decided to grant its employees additional powers to acquire information from various organizations and institutions as part of efforts to combat corruption. A draft order has been published for public discussions and the FSB welcomes “independent anti-corruption expertise” on the matter. According to the document, FSB agents will receive permission to file information requests with credit organizations, tax authorities, and government bodies responsible for the registration of rights to real estate during anti-corruption inspections. “Operators of information systems in which digital financial assets are issued” are also listed in the order. The move comes after the introduction of amendments to Russian legislation pertaining to the fight against corruption. Since Jan. 1, 2021, digital financial assets such as cryptocurrencies are considered property in Russia. Information about crypto holdings should be reflected on income statements. The requirement stems from a presidential decree signed by Vladimir Putin in December, 2020, regarding the implementation of the law “On Digital Financial Assets.” If approved, the order will affect bitcoin exchanges as FSB will be able to send these platforms inquiries, crypto news outlet Forklog noted in a report. Putin’s order from last year compelled government workers in Russia to disclose their cryptocurrency holdings. They were obliged to submit details about where they purchased the digital assets and their value. According to the document dated Nov. 10, 2020, children and spouses of state employees must also disclose their digital currency funds. In August of this year, the Russian president tasked several ministries and the central bank with verifying information provided by government employees about their crypto assets. This order was issued as part of the country’s National Anti-Corruption Plan 2021-2024, which was approved with another decree signed by the Russian leader and published earlier the same month. Do you think the new FSB order will gather public support in Russia? Share your thoughts on the subject in the comments section below. View the full article

Alchemy, one of the leading infrastructure providers for blockchain and web3, has raised $250 million in its series C funding round, giving it a valuation of $3.5 billion. The round was led by a16z, which considers we are at a turning point in the web3 space. The company has multiplied its revenue by 15x in the last six months, a testament to the impact it has caused on the ecosystem. Alchemy Reaches $3.5 Billion Valuation Alchemy, a web3 and blockchain infrastructure provider, has reached a milestone by raising $250 million in its series C funding round. The round was led by known VC companies a16z, Lightspeed, and Redpoint, with the participation of Coatue, Addition, DFJ, and Pantera as well. With this new funding round, Alchemy reached a valuation of $3.5 billion, an outstanding value for a company that was publicly launched just a little more than a year ago. The company, that compares its role in the blockchain ecosystem with the role of AWS in the current internet structure, has benefited enormously from the current bull market and the expansion of decentralized finance. This growth has caused a 15x increase in revenues for the company since six months ago. This is because Alchemy offers a vertical suite of technologies that can be leveraged by several institutions in the spectrum, including financial protocols, NFT platforms, exchanges, and even multinational companies. Ali Yahya, the general partner of A16Z, stated this moment is key for making investments in web3 infrastructure. In this sense, he stressed: We’re at a very unique time in the evolution of web3. The space is finally graduating from its infrastructure phase. With the help of companies like Alchemy, it is now capable of supporting real-world applications for mainstream audiences. Growing the Ecosystem Alchemy will reportedly use the funds to further grow the ecosystem by extending the reach of its tools for more web3 developers worldwide. This includes strengthening the infrastructure around web3 services and building educational material to make it easier for future developers to be onboarded. It will also expand globally, by funding the creation of new offices all around the world. Joe Lau, co-founder, and CTO of Alchemy thinks that blockchain and Web3 are just beginning their journey into the mainstream. Nikil Viswanathan, co-founder, and CEO of Alchemy stated: We’re excited to continue investing in making blockchain accessible to developers globally. Empowering developers is the key to bringing the magic of blockchain to the world. What do you think of Alchemy’s latest funding round? Tell us in the comments section below. View the full article

Patreon, the membership platform, is pondering the idea of letting creators in its platform issue their own creator coins. The statement, that constituted a revelation, was offered by Patreon CEO and co-founder Jack Conte and Chief Product Officer Julian Gutman during The Information’s 2021 Creator Economy Summit. This is consistent with a report presented last September that evaluated using crypto as part of the platform. Patreon Flirts With Crypto Patreon, the well known membership organization, is now pondering the idea of introducing crypto elements to add new revenue paths, according to statements from CEO Jack Conte and Chief Product Officer Julian Gutman. During The Information’s 2021 Creator Economy Summit, both directives admitted the idea of introducing a membership token for content creators is on the table. While Patreon has explicitly forbidden the introduction of coins as an investment form in its platform, this rise in the crypto along with other circumstances that the platform is facing could push it to modify these rules in the near future. About this, Gutman stated: I think we’re certainly interested in evaluating and understanding how NFTs or some of the underlying technologies help us create that sustainable long-term earnings for creators. Conte also praised the crypto worked due to its permissionless and direct traits. This allows creators to own their products and the data from their followers without having to rely on any platform to serve as the middleman, what strangely, Patreon is. “I think that’s what a lot of this technology is getting at, and what I think is really deeply exciting about it,” he stressed. Crypto as an Alternative Patreon has had problems with some content creators in the past, which has prompted them to consider crypto-based services as an alternative. In December 2018, Patreon de-platformed some creators from its service including “Sargon of Akkad” aka Carl Benjamin, leaving him without the income from the subscribers that followed him. This caused Jordan Peterson, another influencer in Patreon’s service, to close his account and launch a new alternative service with more lax rules regarding content moderation. However, the inclusion of crypto in a periodic membership service has been tried before, but without much success. Ironically, Patreon could be the platform to implement crypto as a response to the new adult policies of Mastercard. The platform hinted at this in its latest policy engagement update, where it declared: One opportunity creators have expressed interest in is developing a creator coin or social token which could be included as a membership benefit. What do you think about Patreon’s recent approach to cryptocurrencies? Tell us in the comment section below. View the full article

According to the latest Finder Cryptocurrency Adoption Index, in October 2021, Nigeria had the highest rate of cryptocurrency ownership globally, at 24.2%. Bitcoin Is the Most Popular Coin in Nigeria In addition to finding the West African nation as the country with the highest proportion of citizens that hold cryptocurrencies globally, the survey also discovered that “of the 1 in 4 online adults in Nigeria who own some form of cryptocurrency, bitcoin is the most popular coin in Nigeria at 66.5% of crypto owners.” Alternatively, this means more than half of the 24.2% of Nigerian respondents that own cryptocurrencies are in fact bitcoin holders. On the other hand, the survey findings suggest ethereum (ETH) is the second most popular coin with Nigerian cryptocurrency holders, at 23.8%. Despite this seemingly high rate of interest in ETH, the ratio of Nigerians holding this cryptocurrency relative to other countries is still lower, the survey data suggests. In fact, according to the survey, the 23.8% ETH ownership ratio is only enough to see Nigeria being ranked the 15th country out of a total of 22 countries. Dogecoin in Third Place Meanwhile, the survey findings show the meme coin, dogecoin, in third place at 21.8%. This ratio in turn is enough to see Nigeria feature in the top ten. The survey report explains: Dogecoin is the third most popular choice with crypto adopters in Nigeria, with 21.8% of adults who own crypto holding the coin. This makes it the 8th ranked country in our list of 22 countries in terms of dogecoin ownership among those that own crypto. In terms of the makeup of cryptocurrency owners in Nigeria, the survey found 62.9% of Nigerian crypto owners to be men while women account for the remainder. In other words, this disparity between the number of males and females that own crypto means men are 1.7 times more likely to own crypto. With the average figure globally at 1.5, this means Nigeria has the 11th highest male dominance of the 22 countries. Do you agree with the findings of this survey? Tell us what you think in the comments section below. View the full article

Following the Altair upgrade on the Ethereum network, the protocol’s native cryptocurrency reached a new all-time price high. Altair is the next step for the Ethereum’s network’s proof-of-stake (PoS) transition. However, a recently submitted white paper explains that a group of computer scientists from Stanford University and the Ethereum Foundation believe there are three attack vectors “on [a] proof-of-stake Ethereum” blockchain. The 3 Attacks Against Ethereum Thesis Aims to Describe a Proof-of-Stake Problem Based on Evidence The Ethereum network currently has a proof-of-work (PoW) consensus mechanism and in time, the protocol plans to fully transition into a proof-of-stake (PoS) network. Recent upgrades like Berlin, London, and Altair have been applied to help smooth the transition toward the PoS goal. Just recently, after Altair was implemented, the price per ether skyrocketed toward a new all-time high (ATH) at $4,467 per unit. At the same time, network transfer fees have also swelled significantly as high as $50 for the average ether transaction on Saturday morning. Furthermore, on Saturday morning in the U.S. vertical trends from Twitter indicate the term “ETH 2.0” started trending. Some of the individuals discussing the ETH 2.0 upgrade have shared a new white paper written by computer scientists from Stanford University and the Ethereum Foundation. The BTC proponent Tuur Demeester shared the paper on Saturday and two quotes from the paper that theorize how an adversary can attack the chain. The paper called “Three Attacks on Proof-of-Stake Ethereum” was submitted on October 19. Quotes from ETH 2.0 attacks paper, via @KyleLogiks: “With 99.6% probability an adversary with .09% stake can execute a 1-record for any given day” “Under adversarial network delay, an adversary can perform a 10-reorg by merely controlling 19 validators”https://t.co/HGazdB0acV pic.twitter.com/MsZoyUGdev — Tuur Demeester (@TuurDemeester) October 30, 2021 The white paper was authored by Caspar Schwarz-Schilling, Joachim Neu, Barnabé Monnot, Aditya Asgaonkar, Ertem Nusret Tas, and David Tse. Essentially, the white paper reveals that two Ethereum network attacks were presented in recent times and the paper’s authors refined the techniques. In addition to the refinement of the first two which theoretically create “short-range reorganizations” and an “adversarial network delay,” the computer scientists came up with a third attack. “Combining techniques from both refined attacks, we obtain a third attack which allows an adversary with vanishingly small fraction of stake and no control over network message propagation (assuming instead probabilistic message propagation) to cause even long-range consensus chain reorganizations,” the paper’s authors note. The three attacks to ETH PoS paper adds: Honest-but-rational or ideologically motivated validators could use this attack to increase their profits or stall the protocol, threatening incentive alignment and security of PoS Ethereum. The attack can also lead to destabilization of consensus from congestion in vote processing. White Paper Says Attacks ‘Also Enable aPriori Malign Actors to Outright Stall Consensus Decisions’ Meanwhile, Ethereum network critics used the paper to highlight the possible vulnerabilities associated with these attacks when the network transitions to a full PoS system. The founder of the Chia project and the creator of Bittorrent, Bram Cohen, also tweeted about the new study on Saturday. Some issues with ETH2 consensus "we obtain a third attack which allows an adversary with vanishingly small fraction of stake to cause even long-range consensus chain reorganizations" https://t.co/Vz3KG3ai1W — Bram Cohen🌱 (@bramcohen) October 30, 2021 A Chia proponent responded and told Cohen: “Let’s revisit your tweet in a year and see what Chia has accomplished vs ETH. Please consider your attitude is turning away community members like myself.” The Ethereum attacks paper does provide a possible method of attacks against an Ethereum PoS chain, but also offers solutions. The paper’s authors believe the attacks provide incentives to malicious actors. “Our attacks also enable apriori malign actors, perhaps ideologically motivated, to delay and in some cases outright stall consensus decisions,” the paper’s authors conclude. “The refined attack of Section 4.2 gives the adversary a tool to do just that, even if the adversary cannot control message propagation delays (which instead are assumed to be probabilistic).” What do you think about the recently published paper on three attacks against an Ethereum PoS system? Let us know what you think about this subject in the comments section below. View the full article

The host of Mad Money, Jim Cramer, has some advice for crypto investors. “As long as you recognize the very real possibility that the whole investment case for crypto rests on the greater fool theory, you’ve got my blessing to speculate on it,” he said. Cramer added that he is holding ether because he believes “there could be millions of greater fools out there.” Jim Cramer’s Crypto Investing Advice The host of the Mad Money show on CNBC, Jim Cramer, talked about crypto investing Thursday. The former hedge fund manager who co-founded Thestreet.com, a financial news and literacy website, said: As long as you recognize the very real possibility that the whole investment case for crypto rests on the greater fool theory, you’ve got my blessing to speculate on it. The greater fool theory states that the price of an asset is determined by whether you can sell it for a higher price at a later point in time. The theory refers to the idea that you can make money purchasing an asset because there is someone out there who eventually is willing to buy it from you at a higher price. Cramer added, “I know a lot of people say ridiculous things about crypto, and I’ve caught a lot of flack for acknowledging that.” However, he emphasized: At the end of the day, I’ve said repeatedly that you can use bitcoin or ethereum as a hedge against inflation, up to 5% of your savings, as a replacement for gold. In August, the Mad Money host recommended putting up to 5% of portfolios in cryptocurrencies, stating that he is a believer in crypto. He said in March that gold let him down. Cramer further shared: “I didn’t buy bitcoin or ethereum as inflation insurance. In all honesty, I was gambling. I was simply gambling on crowd psychology, though, and I have no idea whatsoever why these things went up, except that there are a lot of overenthusiastic people who want to buy high and sell higher.” He elaborated: I’m holding onto my ethereum because I believe there could be millions of greater fools out there. I think that’s a decent bet. He continued: “I don’t have any particular attachment to ethereum and eventually I’ll ring the register on the rest of my position when I think it’s done going higher.” The price of ether hit an all-time high on Friday. At the time of writing, ETH stands at $4,274. It was down 3.5% in the past 24 hours but up 7% in the past seven days and almost 50% in the last 30 days. In June, Cramer revealed that he sold almost all of his bitcoin after the Chinese government reiterated its crypto crackdown. In the same month, he said he put money in ETH, noting: “I like ethereum because people actually use it much more to be able to buy things.” In September, the Mad Money host begged crypto investors to take profit if they had any crypto gains due to concerns over Evergrande and Tether. What do you think about Jim Cramer’s comments? Let us know in the comments section below. View the full article

Apple co-founder Steve Wozniak sees bitcoin as mathematical purity, praising its fixed supply. However, he said that governments will never allow it to be out of their control. “If it got to the point where everything is being done in crypto and didn’t pass through governments for observation and taxation and all that, governments would just disallow it,” said the Apple co-founder. Steve Wozniak Says Governments Will Never Allow Crypto to Be Out of Their Control Apple co-founder Steve Wozniak talked about cryptocurrency in an interview with Yahoo Finance Friday. He was asked, “Are you a believer in crypto?” The Apple co-founder replied: “Crypto has an awful lot of promise through the blockchain of different things it can do differently than before in life, right down to elections even. It has a very trustable format that can’t be modified easily with humans in control of it.” He elaborated, “Look at our U.S. dollars, the government can just create new dollars, and borrow, and borrow.” In contrast, he noted that bitcoin has a fixed supply, emphasizing: Bitcoin is mathematics, mathematical purity. There can never be another bitcoin created. “Bitcoin doesn’t even have a creator that we know of. Bitcoin isn’t run by some companies. It’s just mathematical pure. And I believe nature over humans always,” he further described, noting that nature “really doesn’t change much.” Wozniak was further asked if he believes that crypto will change how we do business. “Yes, I am in that camp that crypto will be used effectively. We just have so many digital ways to pay for things now, even just to transfer money to people. It goes way back to Paypal, and now we have Apple Pay and Apple Cash. We have Venmo. So we already have other modes than crypto,” he replied. However, the Apple co-founder opined: “Crypto just has a little bit of anonymity. I don’t know if that’s right that, ‘oh gosh I can do things without people knowing.’ I think that everything that you do in life you should be able to stand up and say, ‘Well this is me doing this transaction.’ And [with] crypto, it’s hard to trace back to who’s doing what. It’s possible though.” Wozniak continued, “I love it when people like [Twitter CEO] Jack Dorsey talk about how crypto should be the heart of our business dealings.” However, the Apple co-founder warned: The trouble is governments will never allow it to be out of their control. If it got to the point where everything is being done in crypto and didn’t pass through governments for observation and taxation and all that, governments would just disallow it. They wouldn’t give up their power. What do you think about Steve Wozniak’s comments? Let us know in the comments section below. View the full article

Trading platform Robinhood has reported that 40% of its cryptocurrency transaction-based revenue was attributable to transactions in the meme cryptocurrency dogecoin in the third quarter. By comparison, dogecoin accounted for 62% of the company’s transaction-based revenue in the second quarter. Dogecoin Trading on Robinhood Robinhood Markets Inc. stated in its quarterly filing with the U.S. Securities and Exchange Commission (SEC) Friday: For the three months ended September 30, 2021, 40% of our cryptocurrency transaction-based revenue was attributable to transactions in dogecoin. This was a significant decrease from 62% for the three months ended June 30, and 34% for the three months ended March 31. Robinhood’s third-quarter transaction-based revenue totaled $267 million, with only $51 million coming from cryptocurrency trading. Revenue from crypto trading totaled $233 million in the second quarter. The company’s Q3 filing further notes: “For the quarters ended September 30, 2021, June 30, 2021, and March 31, 2021, transaction-based revenue attributable to transactions in dogecoin comprised approximately 8%, 32%, and 7% of our total net revenues, respectively.” Robinhood explained, “We support trading in dogecoin and we benefited from a surge in interest for dogecoin during the quarter ended June 30, 2021,” adding: While we currently support seven cryptocurrencies for trading, market interest in particular cryptocurrencies can be volatile and there are many cryptocurrencies in the market that we do not support. DOGE was down about 9% in the past 24 hours, but up 7% in the last seven days and 32% in the last 30 days. Currently, supporters of DOGE rival shiba inu are petitioning on Change.org for Robinhood to list SHIB. At the time of writing, more than 432K signatures have been collected. “Dogecoin has been a huge success for Robinhood, and its investors. We have all enjoyed the ride. Shiba Inu is a similar meme coin with genuine potential, up 2,000% in the last weeks,” the petition states. What do you think about dogecoin accounting for 40% of Robinhood’s transaction-based revenue? Let us know in the comments section below. View the full article

Throughout 2021, there’s been a number of people who have said they expect bitcoin to reach $100K by the end of this year. In more recent times, the six-digit bitcoin price forecasts continue as people are now saying a sudden move to $100K “doesn’t seem so far-fetched.” The Probability of Bitcoin Hitting $100K — ‘Don’t Rule It Out’ Many bitcoin speculators and investors believe the road to $100K is not only probable, but guaranteed. Bitcoin.com News has covered numerous individuals, experts, analysts, and advisors this year that have said bitcoin (BTC) is likely to reach the six-digit price range by the year’s end. As the leading crypto asset, in terms of market capitalization, hovers above the $60K zone, many still believe the $100K target is inevitable. The financial institution Standard Chartered predicted at the beginning of September that BTC’s value could reach $100K by the end of the year or early 2022. The web portal investing.com recently discussed whether or not BTC reaching six-digits per unit is possible. Meanwhile, Yahoo Finance contributor, Javier David, an editor “focused on markets and the economy” explained on October 21, that “suddenly, a bitcoin move to $100K doesn’t seem so farfetched.” David said “bitcoin ‘hodlers’ are looking awfully prescient these days,” and as far as BTC hitting $100K is concerned, the editor says “don’t rule it out.” David’s Yahoo Finance editorial adds: It’s hard to deny that the nascent ETF boom is a milestone in bitcoin’s grudging yet growing acceptance. Is $100,000 — or even higher — the next stop? Don’t rule it out. Bitcoin More Likely to Reach Six-Digits Than $40K On Twitter, the Youtube channel Mmcrypto’s official Twitter account said on October 23: It’s much more likely for bitcoin to hit $100K this year [than] $40K. On October 27, Dennis Porter tweeted: “I can’t believe it, but bitcoin is on sale today. 12% off from ATH. Maybe last chance at these prices before $100K.” Last Tuesday, the creator of the Stock-to-Flow (S2F) bitcoin price model, Plan B, told his 1.2 million Twitter followers that the “bitcoin bull market, 2nd leg has started.” Wallstreetbets Founder Jaime Rogozinski Predicts $100K by the Year’s End — S2F Author Gives ‘Floor Predictions to Laura Shin In an interview with Blockworks, Wallstreetbets (WSB) founder Jaime Rogozinski said that the infamous Jordan Belfort asked him this past March where the WSB founder envisioned BTC’s price leading to by the end of 2021. “I told him $100,000 by the end of this year,” Rogozinski explained in his recent interview. It seems quite a lot of crypto enthusiasts have the six-digit price range for BTC on the top of their heads. On October 23, the popular host of the Unchained podcast, Laura Shin, talked about six-digit prices with the S2F author Plan B. The S2F author told Shin his “bitcoin price floor predictions for November ($98K) and December ($135K).” What do you think about bitcoin (BTC) hitting $100K by the year’s end? Let us know what you think about these predictions in the comments section below. View the full article

PRESS RELEASE. Austin, Texas – LGND Art Inc. announces its foremost curatorial effort to date, a major NFT art show in the form of a gallery to appear exclusively at ComplexCon 2021. Sponsored by Coinbase, the exhibition will include global artists in a unique group that includes Mad Dog Jones, James Jean, Joshua Davis, Matt Gondek, Fvckrender, Michael Kozlowski, Victor Mosquera, Blake Kathryn, D*Face and Micah Johnson. LGND Art will host the auctions and edition offerings from Nov. 6-12. Aiming to harness the overlapping communities of art, fashion and music, LGND Art will provide a free NFT by Michael Kozlowski to all attendees of ComplexCon. This introduction to NFTs to a wider audience will facilitate an expansion to an eager crowd of culture enthusiasts. Created by artists for artists, LGND Art empowers its collective of world-renowned artists to integrate their works into the crypto ecosystem on their own terms, reach a larger audience, and secure their digital legacy through blockchain technology. “LGND believes in empowering artists and the future of art,” says Ty Carter, Head of Creative at LGND Art. “Art is the great communicator that connects us all. The NFT medium continues to evolve into new forms pushing new technology, transforming the way we interact between the analog and virtual. LGND is proud to curate this immersive gallery and work with this historic group of artists.” “I believe we have arrived at a revolutionary moment in the evolution of art in our culture. Working to curate a show with extremely vital artists in this show for ComplexCon is a brilliant opportunity to further kindle a dynamic community at the crossroads of art and technology,” said Ronnie K. Pirovino, Chief Curator at LGND Art. ABOUT LGND Art LGND is a highly curated NFT digital arts platform built by artists, for artists. LGND enables artists to integrate their work into the NFT market on their own terms, reach a global audience, and secure their digital legacy through blockchain technologies. LGND fosters dynamic interaction and exchange between high-end collectors and world-class artists. Media Inquiries: Hijinx PR | Heidi Johnson | heidi@hijinxarts.com | 323.204.7246 This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release. View the full article

PRESS RELEASE. NFTs have emerged as a unique digital asset in the past 24 months, expanding the potentials of digital arts, collectibles and gaming. The sports industry has taken to NFTs, but the functionalities of NFTs go beyond speculation, and SportsIcoin is redefining NFTs in the sporting industry. SportsIcon is connecting fans and superfans to their sporting heroes with bespoke cinematic footage delivered by NFTs. This brings a level of connection with sporting heroes not seen in the blockchain space. Built on the highly scalable Flow blockchain SportsIcon is an innovative NFT platform built on Flow, the blockchain behind NBA Top Shot, engineered by Dapper Labs and Roham Gharegozlou. Flow is a blockchain protocol designed specifically for NFTs and provides a highly scalable architecture with low transaction fees. NFT enthusiasts can accumulate NFT collectibles without the problems of high transaction fees experienced on conventional blockchains. SportsIcon aims to deliver more value to NFT lovers by issuing sports-focused NFTs with direct collaboration with athletes. This collaboration will involve the creation of 27 NFTs for each artist featured divided into 9 chapters with increasing rarity as the athlete journey progresses. SportsIcon will film each episode with top cinematic quality that will focus on the highs, lows and motivation behind featured athletes careers. It will also showcase the athletes’ physical skills in their sports. The NFT platform also provides a unique ecosystem for teams, athletes and sporting organizations to curate their drops and sell within its dedicated NFT marketplace. SportsIcon has partnered with top athletes and sporting brands SportIcon has already begun to secure exclusive partnerships with top stars in the sporting world. Some of the stars in its books include soccer player Romelu Lukaku and NFL legend Mike Vick. It has also partnered to feature Mexican wrestling company Lucha Libre and soccer club PUMAS. SportsIcon will be releasing 27 NFTs created in collaboration with these athletes and sporting brands to commemorate specific, historical moments in their sporting careers. Each NFT art will be auctioned off, and NFT collectors will be able to purchase them from $10 to $999. Some NFT packs will also include real-world prizes like signed memorabilia or box seats at a game. SportsIcon has also partnered with Dapper Labs and CMLL and has plans to collaborate with other key platforms in the blockchain industry. SportsIcon has also made significant milestones in recent months. The SportsIcon Lion Club NFT, a PFP protect based on 9,000 unique Lions, sold out in less than 14 hours, generating more than $1.4 million in sales. SportsIcon Lions is an innovative project designed to bring more fans into the online sporting community with real utility, such as tickets for soccer games, NBA, NFL and more. Members can also get exclusive Q&A sections from legendary athletes and the chance to meet their sporting icons in person. In addition, SportsIcon has stated its intentions to partner with more athletes and sporting organizations globally to bring connections with their fans through NFTs with utility. The NFT platform also plans to build an immersive NFT metaverse to make NFTs accessible to mainstream sporting fans. To learn more about SportsIcon, visit the links below. Website Telegram Twitter This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release. View the full article

The Constitutional Court of the Russian Federation is going to have to deal more and more often with cases involving new kinds of individual rights, its head has recently admitted. Some of them will be related to cryptocurrencies and blockchain technology, the official believes. Constitutional Court of Russia to Defend Rights Related to Cryptocurrencies Constitutional justice, as far as protection of human rights is concerned, will be increasingly influenced by the emergence of a new generation of rights, Valery Zorkin, chairman of the Constitutional Court of Russia has acknowledged. These are various rights, including environmental, reproductive and informational, Zorkin says in an article published by Rossiyskaya Gazeta, the official government daily. Having recognized that, the high-ranking representative of the Russian judiciary notes that in the very near future, the Constitutional Court will have to consider these new rights of individuals, stemming from the scientific and technological revolution, when reviewing complaints filed with the institution. Life is changing rapidly and new objects of legal regulation are appearing, Zorkin elaborates, such as “robots, artificial intelligence, biotechnology, new types of transport, and so on.” The constitutional judge adds: Not to mention such things that have already become commonplace, such as new financial instruments, blockchain (distributed ledger), cryptocurrencies, and so on. However, Valery Zorkin also warns that innovation can bring both benefits and risks. “After all, human nature is such that what was invented by some to improve people’s lives, others can figure out how to turn it to evil,” he says. In Zorkin’s opinion, no one can predict if the losses would be greater than the gains at a certain point in time. He views the court’s role as a “universal regulator” tasked to prevent any negative consequences from these developments while ensuring it’s not hindering progress. Zorkin’s comments come at a moment when Russia has only partially regulated cryptocurrencies and related activities. While providing key legal definitions in the crypto space, the law “On Digital Financial Assets,” which entered into force in January of this year, does not introduce any rules for the circulation of digital coins in the country. Cryptocurrency mining isn’t properly regulated either, despite mounting calls from officials to recognize it as an entrepreneurial activity. Aspects related to the taxation of virtual currency incomes, profits, and transactions need to be addressed as well. Last week, the Russian Association of Cryptoeconomics, Artificial Intelligence and Blockchain (Racib), the country’s main crypto industry organization, slammed authorities in Moscow for doing “absolutely nothing” to bring the sector out of the shadow economy. The criticism comes four years after President Vladimir Putin mandated the adoption of legislation tailored to define the legal status of digital technologies utilized in the financial sector by July 2018. Do you think the Russian Constitutional Court will have to review a lot of cases related to cryptocurrencies in the future? Tell us in the comments section below. View the full article

On October 29, the publicly listed firm Canaan announced the mining manufacturer has secured a follow-on purchase order from the mining operator Hive Blockchain for 6,500 units of Canaan’s next-generation Avalon mining rigs. Hive expects to increase the operation’s hashrate from 1.2 exahash per second (EH/s) to 3 EH/s by March 2022. Hive Secures an Order for 6,500 Avalon Miners This week the Nasdaq-listed Hive Blockchain (Nasdaq:HIVE) and Canaan (Nasdaq: CAN) announced that Hive secured a follow-on purchase order for 6,500 Avalon miners from Canaan. According to the announcement, the shipment of the 6,500 mining rigs manufactured by Canaan will be shipped in three tranches. 3,000 miners will be delivered in December 2021, 3,100 miners in January 2022, and an additional 400 Avalon miners by February 2022. Hive had already acquired 10,400 miners from Canaan in January and August 2021. In recent times, Hive announced the company is constructing expansions to its largest data center campus in New Brunswick, Canada. Hive said it aims to provide the New Brunswick site with 40 additional megawatts. The mining operation mines both bitcoin (BTC) and ethereum (ETH) and it operates a total of five mining facilities in countries like Iceland, Sweden, and Canada. Frank Holmes, the executive chairman of Hive Blockchain said the company is pleased to bolster its relationship with the crypto mining rig manufacturer. “We are pleased to be building on our strategic alliances with leading ASIC manufacturer Canaan to achieve our goals and drive value for our shareholders, while executing on a transaction that increases our cash flow and green mining capacity,” Holmes said in a statement. The mining operation’s chairman added: Hive currently has approximately 1.2 exahash per second (EH/s) of bitcoin mining capacity, and with this new purchase, Hive’s bitcoin ASIC pipeline will be at 2 EH/s by December 2021, and 3 EH/s by March 2022. Demand for Bitcoin Mining Rig Shipments Continues During the last two months, both bitcoin’s (BTC) and ethereum’s (ETH) price has made both crypto assets far more profitable to mine. BTC’s price has given older generation mining rigs new life and companies that mine crypto assets are taking full advantage. Besides Hive Blockchain a number of other firms have been placing orders with ASIC manufacturing companies like Bitmain, Canaan, and Microbt for next-generation units. At the end of August, Genesis Digital Assets acquired 20,000 bitcoin mining rigs from Canaan, and the company also has the option to buy 180,000 more units from Canaan going forward. Canaan shares are exchanging hands for $8.72 on Friday while Hive Blockchain shares are swapping for $3.85 per share. While Canaan’s shares are down 0.19% today, Hive’s shares, on the other hand, are up 0.15%. What do you think about Hive purchasing 6,500 miners from Canaan? Let us know what you think about this subject in the comments section below. View the full article

The popular candies and collectibles company Topps has announced the launch of its 2021 Topps NOW MLB World Series non-fungible token (NFT) collection, following the firm’s second series 2021 Topps Baseball NFT collection. Similar to the company’s past NFT drops, Topps is utilizing the Avalanche blockchain network for the new World Series NFT collection. Topps Releases MLB World Series NFT Collection During the last year, the American company that produces Bazooka chewing gum, candy, and collectibles, Topps Company, Inc., has been very focused on non-fungible token (NFT) and blockchain technology. The company has released a number of collections featuring fan favorites like Major League Baseball (MLB) and the Garbage Pail Kids. Two weeks ago the firm dropped a collection called Godzilla Rage which featured packs of NFTs that showcased 17 pages of comic animations. Following the recent 2021 Topps Baseball NFT collection, Topps has launched the 2021 Topps NOW MLB World Series NFT collection. Powered by the Avalanche blockchain, the new series dedicated to the World Series offers “officially licensed player imagery and NFT-exclusive digital animations.” The series launched on October 27 and if fans collect the whole series by Tuesday, November 9th at 11:59 p.m. (ET), they will receive a special Topps NOW NFT variant as a reward. According to Topps, the 2021 World Series NFT collection packs will be $25 per pack which includes one NFT digital collectible per pack. Only 1,000 packs are available per day and every pack has equal chances of winning rarities as all the singles are scarce. The announcement notes that NFT buyers will receive packs within three business days after the MLB World Series ends. Sports NFT Collectibles See Continued Demand, NBA Top Shot NFT Sales Near $1 Billion Tobin Lent, the vice president and global general manager of Topps Digital Sports and Entertainment, explains the NFTs will bring the same greatest moments as the physical Topps NOW series cards. “For years, Topps NOW has celebrated the greatest moments from the iconic World Series and we’re thrilled to bring that same excitement to our passionate NFT collector community,” Lent said. The executive added: Topps NOW is an extremely popular card series, so being able to develop this product line as NFTs is yet another way Topps continues to innovate in the digital collectibles space. In addition to the World Series NFT collection drop, fans who attend the World Series in-person this year will have an opportunity to redeem exclusive Topps NOW NFTs specific to that game. Fans simply scan the World Series tickets from each game day or leverage the Ballpark App. The redemption period for the exclusive Topps NOW NFTs will end on November 15th at 11:59 p.m. (ET), the company’s announcement concludes. Sports NFTs have been popular and Topps has taken advantage of the physical collections of cards it has released in the past. Another popular sports-related NFT project is NBA Top Shot which has seen $717.93 million in all-time sales to date. NBA Top Shot sales have increased a great deal since the company added the popular former NBA player Shaquille O’Neal. What do you think about the 2021 Topps NOW MLB World Series NFT collection? Let us know what you think about this subject in the comments section below. View the full article

PRESS RELEASE. The blockchain-based metaverse Dvision Network has announced that their metaverse known as ‘’Dvision World’’ will be launched on November 1st, 2021. This event is anticipated to herald a new era for the not only Dvision ecosystem but also for the whole metaverse industry. Moreover, Dvision is holding a special NFT giveaway event, calling their users for action to pre-register and secure their spot before the metaverse goes live. Dvision World goes LIVE in 2 days! Dvision Network has shared details about the launch in a press release on its Medium blog page. According to Boburjon Muydinov, Head of Business Development at Dvision Network, users can now join Dvision World from November 1st and explore combat-ready activities and discover the greatest adventure of the metaverse. Dvision users will be able to design customized avatars and access various events while traversing the different meta-spaces (lands) within the metaverse. The launch of Dvision World was anticipated by thousands of users who already had the fortune to dive into Dvision Metaverse during the Beta Testing and during several metaverse-based conference events, notably in BSC anniversary and experiencing the most modern metaverse with ultimate UI/UE. Within the launch on November 1st another success is inevitable for the blockchain veteran – Dvision Network. Dvision Network has already begun a countdown on its official website and individuals can register to be the first citizens of Dvision World. Pre-register to get early access to the Dvision World metaverse (Register). Dvision World is the central entryway in the blockchain-based metaverse and it connects all meta-cities within the Dvision ecosystem. Meta Cities are public open terrains that consist of various Meta-Spaces. Dvision World is said to unite 20 distinct cities through the Central Warp Tower, where each Meta-City will be introduced exclusively. Dvision revamps Metaverse ecosystem Dvision published that it had made significant modifications to the Dvision Metaverse, following the triumphant Open Beta Test phase. Some of the newly added concepts include a Play-to-Earn Model, brand-new NFT use-cases, renewed tokenomics, an in-game reward currency (DVG) with an upgraded governance system (DAO). The blockchain metaverse noted that the changes were constituted to ensure that users have the best experience within its ecosystem. For example, users will be able to engage in the Play 2 Earn arena within the Meta-City, acquire PETs and engage in battle mode to earn in-game currency, get access to LAND purification processes, etc. Find out more details on the new concepts within the Dvision Gitbook page ahead of the game launch. About Dvision Network The Dvision Network is an ultimate blockchain-based NFT metaverse platform. The Dvision Network establishes a cutting-edge metaverse ecosystem, by utilizing its own VR technology, that helps to lower the entry barriers for all types of users across the globe. Therefore, it allows designers, enterprises and general users to dive into the most advanced metaverse experience.To learn more about Dvision Network visit the website. Media Contact – Name: Boburjon Muydinov Email: official@dvision.network http://Official@dvision.network/ Company: Dvision Network This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release. View the full article

The Australian Federal Police (AFP) has confirmed that the Supreme Court of New South Wales has ordered the forfeiture of cryptocurrency belonging to a convicted hacker. “The amount of cryptocurrency forfeited, more than $1.2 million, is the largest Commonwealth forfeiture of cryptocurrency,” the AFP said. ‘Largest Commonwealth Forfeiture of Cryptocurrency’ The Australian Federal Police (AFP) announced Friday that a convicted hacker “has been ordered to forfeit more than $1.66 million [Australian dollars] in cryptocurrency and cash to the Commonwealth.” The 23-year-old Sydney offender pleaded guilty to various criminal offenses in October last year. The AFP-led Criminal Assets Confiscation Taskforce (CACT) “obtained restraining orders over cryptocurrency plus bank and Paypal accounts held in false names, but suspected to be controlled by the man,” the AFP explained. The Supreme Court of New South Wales ordered the forfeiture of his 1.66 million Australian dollars to the Commonwealth Confiscated Assets Account last week, including more than AU$1.2 million (US$902,276) in cryptocurrency. The AFP detailed: The amount of cryptocurrency forfeited, more than $1.2 million, is the largest Commonwealth forfeiture of cryptocurrency. The funds will be redistributed by Minister for Home Affairs Karen Andrews to support crime prevention, law enforcement, and community safety-related initiatives, the announcement describes. The Australian man conspired with a man in the U.S. “to steal the log-ins and passwords of streaming service customers and then sold them online at a cheaper rate,” the AFP added. According to reports, the Sydney man’s name is Evan McMahon. His accomplice in the U.S. was Samuel Joyner. The investigation began after the U.S. Federal Bureau of Investigation (FBI) referred information to the AFP in May 2018 about an account generator website that sold stolen account details for online subscription services, including Netflix, Spotify, and Hulu. AFP cybercrime investigators subsequently executed a warrant at the Sydney man’s home and seized cryptocurrency and various evidence. He was handed a two year and two month sentence in April. What do you think about this case? Let us know in the comments section below. View the full article

The CEO of the world’s largest movie exhibition company, AMC Entertainment, is asking the crypto community whether his company should accept shiba inu (SHIB) for payments. The company is already planning to accept several cryptocurrencies by year-end, including dogecoin. CEO Asks Whether AMC Should Accept Shiba Inu The CEO of AMC Entertainment, Adam Aron, put up a poll on Twitter Friday asking the crypto community whether his company should accept payments in shiba inu (SHIB). AMC is the largest movie exhibition company in the U.S., Europe, and the world. As of March 31, the company owned or operated approximately 950 theaters and 10,500 screens globally. Aron wrote: “As you know, you can now purchase AMC gift cards using cryptocurrency, and our IT group is writing code so that soon we can accept online payments in bitcoin, ethereum, litecoin, and dogecoin among others. Should we strive to take shiba inu too?” At the time of writing, 44,659 votes have already been counted but the poll still has five days left. So far, 89.2% are in favor of the movie theater chain accepting SHIB. This is Aron’s second poll on Twitter, according to his tweet. The first, conducted in September, was about whether AMC Theatres should accept rival meme crypto dogecoin (DOGE). Aron tweeted after the voting ended: “So Fascinating! Dogecoin Poll was by far my highest-ever-read tweet. In 24 hours, 4.2 million views, my most ever retweets, most ever replies. 140,000 votes 77% yes 23% no.” The AMC CEO said in September that his theater chain will accept bitcoin, ethereum, litecoin, and bitcoin cash “for online ticket and concession payments by year-end 2021.” Earlier this month, he announced: “As we work to accept online crypto payments, now you can buy AMC Theatres digital gift cards (up to $200 per day) with dogecoin and other cryptocurrency using a Bitpay Wallet. Accepted on our website, mobile app, and in theatres.” Do you think AMC Theatres should accept shiba inu for payments? Let us know in the comments section below. View the full article