Aurelia Butler

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  • 163 Shares189 Views

    in Cryptocurrency

    Hack or Mistake? $350,000 Bored Ape NFT Sold on OpenSea for Just $115

    The sale, which took place on the world’s biggest NFT marketplace, OpenSea, has stirred a great deal of debate as the floor price (the lowest price of any NFT within a collection) of a Bored Ape NFT is currently pegged at 106.0 ETH, or $360,560 USD at today’s prices.Scammed or Hacked?Data from OpenSea shows that the buyer of BAYC #835 had previously placed several bids in DAI (a stablecoin) on a number of Bored Ape NFTs. It is thought that the buyer’s intentions were to trick someone into believing that the offer was in ETH, rather than the stablecoin.The victim was a BAYC owner going by the monicker “cchan,” who accepted a bid of 115 DAI (worth $115 USD) for the BAYC #835 in their possession, which had been valued at above $360,000.cchan also accepted a bid of 25 DAI ($25) from the same buyer for their Mutant Ape #11670 NFT. The floor price for the Mutant Ape NFT collection is currently 22.6 ETH ($76,000).While it is yet to be confirmed, cchan appears to have believed that the bids for their Bored Ape and Mutant Ape NFTs were made in ETH.On the FlipsideWhy You Should CareThe event serves as an important reminder to always confirm transactions before making, as the simple act of confusing DAI for ETH led to cchan losing over $430,000.EMAIL NEWSLETTERJoin to get the flipside of cryptoUpgrade your inbox and get our DailyCoin editors’ picks 1x a week delivered straight to your inbox.[contact-form-7]
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  • 125 Shares189 Views

    in Cryptocurrency

    Ripple CEO Partners With Climate Groups To Change Bitcoin Code

    Bitcoin is about to face a fresh attack over its negative environmental footprint. Several climate activists groups, including Greenpeace and crypto billionaire Cris Larsen, are launching a campaign called “Change the Code, Not the Climate.”Cryptocurrency mining has received widespread criticism over the years because of the huge energy needed to conduct the activity. The criticisms have caused the world’s second-largest crypto Ethereum (ETH), which was originally built on the Proof-of-Work (PoW) algorithm, to launch significant efforts toward transitioning to a Proof-of-Stake (PoS) model.Notably, Bitcoin developers can also choose to transition the network from a PoW model to a PoS consensus.In addition, the campaign was designed to pressure the Bitcoin community to alter the way it orders transactions that already consume as much power as Sweden. The campaign has already reached out to a dozen key people and corporations.According to Michael Brune, the person in charge of the campaign, some of them are involved in Bitcoin and yet pledging Environment, Social, and Governance (ESG) compliance.Meanwhile, Ripple Co-founder Chris Larsen has committed $5 million to the cause. The funds will be used to buy ad spaces across leading media outlets globally and will commence publication by next month.Larsen said:Aside from the media ad publication, other climate activist groups are also collaborating on the initiative as they have begun rallying their members to undertake more intense grassroots efforts.Continue reading on CoinQuora More

  • 88 Shares99 Views

    in Cryptocurrency

    Fnatic Applies Blockchain Technology, Supported by Crypto.com

    Crypto.com – Fnatic’s global partner – is supporting the eSports company’s progression in the Web3 space. The crypto company is supporting Fnatic with technologies such as Crypto.com Pay, Crypto.com DeFi wallet integrations, and future member-exclusive drops. Fnatic Members will get early access to physical and digital events, as well as Fnatic drops.Fnatic’s membership program provides owners access to real-world benefits that would give enduring value to fans. The membership program is built on blockchain technology through NFT keys that will allow fans to own their membership instead of renting it. Furthermore, the membership keys run on a ‘proof-of-stake’ blockchain – more ecofriendly than ‘proof-of-work’ blockchains.Fnatic’s Chief Executive Officer Sam Matthers said that in any brand – especially eSports – community is everything. “After collecting feedback, we worked tirelessly to create a future-facing program of ongoing benefits that are integrated directly into our product, and built for the long term,” Matthers added.Fnatic unveiled details for their first-ever membership program on March 29, offering fans an array of priceless rewards with the support of Crypto.com. These rewards would be presented through content, digital and physical products, exclusive events, and more. The program follows the launch of Fnatic ID.Users can avail Fnatic’s Membership Program in three tiers – with its own set of benefits and features.Users gain rewards according to their tiers and could include attending digital and physical events, an annual mystery loot-box worth at least $100, Fnatic shop discounts, meet and greets with Fnatic pro-player and creator rosters, and an annual pro-jersey.The Fnatic community will have access to discounts and early access to the keys. For the membership program’s initial release, Citizen keys will be unlimited until April 7. Meanwhile, Core and Pioneer keys will be limited to 2,500 each. Users can find the full list of rewards and features for each tier on the Fnatic memberships page.Continue reading on CoinQuora More

  • 100 Shares139 Views

    in Economy

    UK detains Russian-owned superyacht in London's Canary Wharf

    LONDON (Reuters) -Britain has detained a Russian-owned $50 million superyacht hours before it was due to leave London where it had docked for a meeting of the superyacht awards, saying the move was part of its sanctions package aimed at punishing Moscow. The 58.5 metre Dutch-built yacht, named Phi, was detained in the Canary Wharf financial district of London under the government’s Russian sanctions, the first time the regulations have been used to detain a ship. The government said Phi was owned by a Russian businessman that it did not name, but that ownership was “deliberately” hidden, with the company the ship is registered to based in St Kitts and Nevis, and the ship carrying Maltese flags.The National Crime Agency (NCA) said the owner of the vessel had not been sanctioned in Britain but that under the law a ship owned, controlled, chartered or operated by persons connected with Russia could be subject to detention. The yacht, which features a fresh-water swimming pool and what it described as an “infinite wine cellar”, was built by shipbuilders Royal Huisman.”Today we’ve detained a 38 million pound superyacht and turned an icon of Russia’s power and wealth into a clear and stark warning to Putin and his cronies,” Transport Secretary Grant Shapps said in a statement.”Detaining the Phi proves, yet again, that we can and will take the strongest possible action against those seeking to benefit from Russian connections.”Britain has, along with international allies, introduced waves of sanctions on institutions, businesses and wealthy elites, seeking to cripple the Russian economy and punish those with links to the Kremlin for the invasion of Ukraine.Phi was first identified as being potentially Russian owned on March 13, the government said, and a subsequent investigation by the NCA led to its detention. “Today’s activity demonstrates the NCA’s ability to react at pace,” Andy Devine from the NCA said. The government said it was also looking at a number of other vessels. ($1 = 0.7651 pounds) More

  • 163 Shares179 Views

    in Economy

    Exclusive-Italy to stick to 5.6% deficit target despite slashing growth outlook – sources

    ROME (Reuters) – Italy plans to confirm its 2022 budget deficit target at 5.6% of national output, two sources close to the matter told Reuters, despite coalition pressure to sharply hike borrowing as the growth outlook deteriorates.Mario Draghi’s government is preparing to slash its growth forecast for this year to 2.8% from a previous 4.7% goal made in September, the sources said, amid surging energy costs and turmoil linked to Russia’s invasion of Ukraine.In confirming the 5.6% deficit goal, Draghi is helped by the fact that on current trends the deficit is on track for 5.3%, according to the sources, allowing potential leeway of 4 billion to 5 billion euros ($4.4 billion to $5.5 billion) of additional spending without increasing the current target. Last year’s deficit came in at 7.2%.The new figures will be published by the Treasury next week in its annual Economic and Financial Document (DEF).Draghi has been facing pressure from his ruling coalition to approve a major new spending package to support growth in the euro zone’s third largest economy, and some party chiefs may keep seeking to overcome his intransigence.The figures are still subject to marginal changes as the Treasury awaits final data on public finances for the fourth quarter of 2021, to be published by national statistics bureau ISTAT on April 5, the sources said.For 2023, Rome now sees GDP rising by around 2.5%, the sources said, asking not to be named due to the sensitivity of the matter. The new forecast is down from an official goal of 2.8% made in September.The growth forecasts are based on an unchanged policy scenario and so do not include the impact of new supportive measures to be funded through the budget leeway.For this reason, the final GDP targets will be somewhat more ambitious.Italy grew 6.6% last year following a record contraction of 9.0% in 2020 caused by extended coronavirus lockdowns.This year did not begin well. Italian industrial output dived 3.4% in January from the month before, its steepest fall for more than a year, even before the headwinds generated by the Ukraine war. Consumer and business sentiment both slumped in March.The Ukraine conflict has exacerbated already sky-high energy costs and triggered supply crunches for agriculture.The government has so far has set aside more than 19 billion euros since last July to try to soften the increase in energy and fuel prices for firms and households.Italy, whose top two banks have sizeable exposure to Russia and which relies heavily on Moscow for its energy needs, could see its growth outlook deteriorate further if the West ramps up its sanctions against Russia.The Kremlin has warned that Rome could face “irreversible consequences” if it follows this path.($1 = 0.9059 euros) More

  • 100 Shares129 Views

    in Cryptocurrency

    The Bitcoin shitcoin machine: Mining BTC with biogas

    Matuska, the man “who met Satoshi Nakomoto”, told Cointelegraph that “methane from biodegradation processes runs our machines.” As human and animal waste isn’t running out any time soon, their BTC mining process is both environmentally friendly and renewable. Continue Reading on Coin Telegraph More

  • 113 Shares159 Views

    in Cryptocurrency

    Shiba Inu Sheds Almost 65,000 Holders in 12 Days

    From Dec. 21, 2021 to Mar. 15, 2022 Shiba Inu added 118,695 new users to hit an all-time high of 1,199,453 token holders. However, the right hand side of the chart below shows SHIB’s three month rolling average of asset holders, graphicly depicting the shocking slide in Shiba Inu owners over the past several days.Despite the 118,695 new users over the past three months, the project has lost the equivalent of 54% of that number in a matter of days. This topline analysis did not reveal whether the holders who left were long- or short-term investors but if this trend continues it likely won’t matter. That’s especially true when you consider there’s been so much positive news of late for Shiba Inu including:Conventional wisdom suggests that as interest rates increase, investors move from high-risk, speculative investments like SHIB to safer options with higher return potential. We’ll have to watch this financial flight from Shiba Inu closely, because if it continues to lose users faster than it gains them – the future could be dark. And that’s due to the Fed, more than FUD.EMAIL NEWSLETTERJoin to get the flipside of cryptoUpgrade your inbox and get our DailyCoin editors’ picks 1x a week delivered straight to your inbox.[contact-form-7]
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