🇹🇴 Tonga, a small island nation of 105,000 people, could make Bitcoin legal tender, following El Salvador.
Member of Parliament Lord Fusitua says he is already talking to Jack Mallers and interested to buy Bitcoin for $750 million of the country's reserves.
Many economists and world leaders have expressed their concern over countries following El Salvador’s suit. For countries such as Tonga, there are inflationary pressures at play to consider such a move as well.
@DeCenterOrg
Member of Parliament Lord Fusitua says he is already talking to Jack Mallers and interested to buy Bitcoin for $750 million of the country's reserves.
Many economists and world leaders have expressed their concern over countries following El Salvador’s suit. For countries such as Tonga, there are inflationary pressures at play to consider such a move as well.
@DeCenterOrg
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🚗 Elon Musk announced that Tesla now accepts Dogecoin as payment for the company’s merchandise. DOGE-eligible products in the Tesla store can be purchased by sending DOGE to Tesla’s Dogecoin wallet.
While it's accepting DOGE, the firm also clarified that they are not taking any other crypto. The company states that it cannot detect other assets but DOGE on its website. The business tells customers that «non-Dogecoin digital assets sent to Tesla will not be returned to the purchaser.»
@DeCenterOrg
While it's accepting DOGE, the firm also clarified that they are not taking any other crypto. The company states that it cannot detect other assets but DOGE on its website. The business tells customers that «non-Dogecoin digital assets sent to Tesla will not be returned to the purchaser.»
@DeCenterOrg
🔒 Tether freezes $150 million in USDT
Tether has added three more Ethereum addresses, holding more than $150 million worth of the Tether (USDT) stablecoin among them, to its blacklist.
As a centralized company, Tether is able to blacklist addresses it believes are involved in crime, money laundering or for any other reason it chooses.
This is the first time Tether has blacklisted an address in 2022, but it added 312 addresses to its blacklist last year and has added 563 since it first did so on Nov. 28, 2017.
@DeCenterOrg
Tether has added three more Ethereum addresses, holding more than $150 million worth of the Tether (USDT) stablecoin among them, to its blacklist.
As a centralized company, Tether is able to blacklist addresses it believes are involved in crime, money laundering or for any other reason it chooses.
This is the first time Tether has blacklisted an address in 2022, but it added 312 addresses to its blacklist last year and has added 563 since it first did so on Nov. 28, 2017.
@DeCenterOrg
🏝 Rio de Janeiro mayor plans to invest 1% of the city's treasury in Bitcoin, and may also offer a discount on property taxes if paid with Bitcoin.
Pedro Paulo, secretary of finance and planning of the city, at the event said: «We are studying the possibility of paying taxes with an additional discount if you pay with bitcoins. You take the discount of the single quota of 7% (of the IPTU) , it becomes 10% if you pay in bitcoin,» said Paulo. «Let's study the legal framework to do this.»
@DeCenterOrg
Pedro Paulo, secretary of finance and planning of the city, at the event said: «We are studying the possibility of paying taxes with an additional discount if you pay with bitcoins. You take the discount of the single quota of 7% (of the IPTU) , it becomes 10% if you pay in bitcoin,» said Paulo. «Let's study the legal framework to do this.»
@DeCenterOrg
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🗂 68% of US crypto holders started investing in 2021
About 70% of crypto hodlers in the U.S. started investing in cryptocurrencies like Bitcoin (BTC) in 2021, according to the Crypto Perception Report 2022 by Huobi Group.
The company polled about 3 100 American adults in mid-December 2021 to assess respondents’ knowledge of crypto, what they think about the crypto market rise in 2021 and more.
The survey found 68% of respondents got their first crypto exposure within the last year, while another 21% of those started investing in crypto up to two years ago. 12% of respondents made their first crypto investment within four years, while 9% began investing in crypto more than four years ago.
@DeCenterOrg
About 70% of crypto hodlers in the U.S. started investing in cryptocurrencies like Bitcoin (BTC) in 2021, according to the Crypto Perception Report 2022 by Huobi Group.
The company polled about 3 100 American adults in mid-December 2021 to assess respondents’ knowledge of crypto, what they think about the crypto market rise in 2021 and more.
The survey found 68% of respondents got their first crypto exposure within the last year, while another 21% of those started investing in crypto up to two years ago. 12% of respondents made their first crypto investment within four years, while 9% began investing in crypto more than four years ago.
@DeCenterOrg
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🔥 Walmart to be venturing into the metaverse with plans to create its own cryptocurrency
The big-box retailer filed several new trademarks late last month that indicate its intent to make and sell virtual goods, including electronics, home decorations, toys, sporting goods and personal care products.
In a separate filing, the company said it would offer users a virtual currency, as well as NFTs.
@DeCenterOrg
The big-box retailer filed several new trademarks late last month that indicate its intent to make and sell virtual goods, including electronics, home decorations, toys, sporting goods and personal care products.
In a separate filing, the company said it would offer users a virtual currency, as well as NFTs.
@DeCenterOrg
🔐 The Crypto com loss is about $15M with at least 4 600 ETHs and half of them are currently being washed via TornadoCash.
@DeCenterOrg
@DeCenterOrg
🪙 Coinbase announces ‘nearly the entire company will shut down’ for four weeklong breaks in 2022 to allow workers to recharge
Major United States crypto exchange Coinbase will be giving its employees one week off each quarter in 2022 to recharge after “long days and long weeks” of intense work.
In a Monday blog post, Coinbase chief people officer L. J. Brock said “Nearly the entire company will shut down” for four separate weeks this year as part of an experiment in allowing workers to recuperate after completing intense workloads. Brock said the exchange’s employees aren’t necessarily limited to 40-hour work weeks and may have to “pivot at a moment’s notice,” seemingly creating the potential for burnout.
“We realized in 2020 that many employees weren’t taking enough time off to recharge, either because they didn’t want to force their teammates to cover for them or because they didn’t want to fall behind on their work,” said Brock. “We knew this was unsustainable, so we scheduled a recharge week at the end of 2020 and two recharge weeks in 2021, when nearly the entire company would shut down. [...] Subsequent employee surveys made it clear: recharge weeks work.”
Coinbase added: “Four weeks of coordinated recharge time might sound like a lot of time off for a company in hypergrowth, but given the intensity of our work throughout the year, we think this is the best way to ensure our pace is sustainable for the long term.”
@DeCenterOrg
Major United States crypto exchange Coinbase will be giving its employees one week off each quarter in 2022 to recharge after “long days and long weeks” of intense work.
In a Monday blog post, Coinbase chief people officer L. J. Brock said “Nearly the entire company will shut down” for four separate weeks this year as part of an experiment in allowing workers to recuperate after completing intense workloads. Brock said the exchange’s employees aren’t necessarily limited to 40-hour work weeks and may have to “pivot at a moment’s notice,” seemingly creating the potential for burnout.
“We realized in 2020 that many employees weren’t taking enough time off to recharge, either because they didn’t want to force their teammates to cover for them or because they didn’t want to fall behind on their work,” said Brock. “We knew this was unsustainable, so we scheduled a recharge week at the end of 2020 and two recharge weeks in 2021, when nearly the entire company would shut down. [...] Subsequent employee surveys made it clear: recharge weeks work.”
Coinbase added: “Four weeks of coordinated recharge time might sound like a lot of time off for a company in hypergrowth, but given the intensity of our work throughout the year, we think this is the best way to ensure our pace is sustainable for the long term.”
@DeCenterOrg
💎 Tiny Bitcoin miner defies massive odds to solve a valid block
Despite having a modest hash rate capacity of about 126 TH/s, the lucky miner won the crypto equivalent of the lottery and took home 6.25 BTC worth about $266,000.
A single Bitcoin (BTC) miner from the Solo CK mining pool has defied the odds after successfully adding a new block on the Bitcoin blockchain, taking home 6.25 BTC ($266,000) for their efforts.
The lucky miner, who may have been mining on just one or two machines, solved a block with their modest hash rate capacity of 126 terahashes per second (TH/s). According to a Tuesday tweet from Solo admin Con Kolivas, it’s equivalent to about 0.000072% of the total Bitcoin network hash rate, which is 175,000,000 TH/s.
Bitcoin mining expert and member of the Bitcoin Mining Council Hass McCook told Cointelegraph that he has never heard of anything like it, adding, “To say this is very rare is an understatement.”
“Usually, having 0.000072% of the hash rate means that, on average, Solo CK will win 0.000072% of the blocks, or about 1 in 1,400,000,” he explained.
According to McCook, the miner could’ve been using a single machine. “The Antminer S19 is a 110TH/s machine, so Solo CK could have even been mining with just one overclocked rig. More likely, it was five or six Antminer S9 units. Either way, it could very easily be a home miner,” he said.
A machine’s hash rate refers to how many hashes, or mathematical equations, it can solve per second. On average, a new Bitcoin block is mined every 10 minutes. Kolivas estimated the chances weren’t quite so high, with a one in 10,000 chance of finding a block per day with that hash rate, but added the miner probably wouldn’t repeat the feat.
“For the miner involved, it’s a once-in-a-lifetime chance,” Kolivas wrote.
@DeCenterOrg
Despite having a modest hash rate capacity of about 126 TH/s, the lucky miner won the crypto equivalent of the lottery and took home 6.25 BTC worth about $266,000.
A single Bitcoin (BTC) miner from the Solo CK mining pool has defied the odds after successfully adding a new block on the Bitcoin blockchain, taking home 6.25 BTC ($266,000) for their efforts.
The lucky miner, who may have been mining on just one or two machines, solved a block with their modest hash rate capacity of 126 terahashes per second (TH/s). According to a Tuesday tweet from Solo admin Con Kolivas, it’s equivalent to about 0.000072% of the total Bitcoin network hash rate, which is 175,000,000 TH/s.
Bitcoin mining expert and member of the Bitcoin Mining Council Hass McCook told Cointelegraph that he has never heard of anything like it, adding, “To say this is very rare is an understatement.”
“Usually, having 0.000072% of the hash rate means that, on average, Solo CK will win 0.000072% of the blocks, or about 1 in 1,400,000,” he explained.
According to McCook, the miner could’ve been using a single machine. “The Antminer S19 is a 110TH/s machine, so Solo CK could have even been mining with just one overclocked rig. More likely, it was five or six Antminer S9 units. Either way, it could very easily be a home miner,” he said.
A machine’s hash rate refers to how many hashes, or mathematical equations, it can solve per second. On average, a new Bitcoin block is mined every 10 minutes. Kolivas estimated the chances weren’t quite so high, with a one in 10,000 chance of finding a block per day with that hash rate, but added the miner probably wouldn’t repeat the feat.
“For the miner involved, it’s a once-in-a-lifetime chance,” Kolivas wrote.
@DeCenterOrg
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🐻 Bitcoin stays in tight range as analyst eyes potential 'interesting week' in BTC
Bitcoin (BTC) hovered near $43,000 on Jan. 17 as its "boring" price action combined with signs that the market could be stabilizing.
With few surprises expected thanks to the Wall Street holiday, traders took the opportunity to call for a level-headed approach on focus on altcoins.
Popular analyst William Clemente, meanwhile, highlighted Bitcoin bouncing along an ascending trendline this month, this soon to approach a turning point as part of a wedge construction.
"Should be an interesting week," he forecast.
Beyond spot price, data showed that market composition still employed near all-time high leverage, this only just beginning to reduce in week two of January.
Such leverage prevalence previously sparked concerns that a liquidity cascade could be made all the more real, with a significant move up or down hitting traders.
"The highly increased leverage ratio of Bitcoin that since some days remains at an all-time high is showing concerns that a massive volatility increase will follow up," commentator Vince Prince warned on the day.
@DeCenterOrg
Bitcoin (BTC) hovered near $43,000 on Jan. 17 as its "boring" price action combined with signs that the market could be stabilizing.
With few surprises expected thanks to the Wall Street holiday, traders took the opportunity to call for a level-headed approach on focus on altcoins.
Popular analyst William Clemente, meanwhile, highlighted Bitcoin bouncing along an ascending trendline this month, this soon to approach a turning point as part of a wedge construction.
"Should be an interesting week," he forecast.
Beyond spot price, data showed that market composition still employed near all-time high leverage, this only just beginning to reduce in week two of January.
Such leverage prevalence previously sparked concerns that a liquidity cascade could be made all the more real, with a significant move up or down hitting traders.
"The highly increased leverage ratio of Bitcoin that since some days remains at an all-time high is showing concerns that a massive volatility increase will follow up," commentator Vince Prince warned on the day.
@DeCenterOrg
💼 Crypto job posts on LinkedIn rocketed 395% in 2021
It wasn’t just a bull run for prices last year. Careers in crypto outstripped price action in 2021, as crypto job searches soared by 395% in the United States alone, according to LinkedIn.
Crucially, the crypto industry outpaced the wider tech industry, which also saw remarkable development, almost doubling its number of job listings. However, at 98% growth, the tech industry dwindles in comparison to crypto jobs, which gained by a whopping 395%.
Furthermore, no industry was safe from “crypto-ization” in 2021. The LinkedIn News post offered valuable insight into crypto influencing other industries:
While most of the job postings were in software and finance, other industries are also seeing a rise in demand for crypto talent. These include professional services like accounting and consulting, as well as the staffing and computer hardware sectors.
For 2022, the growth trend looks set to continue. The biggest exchanges in crypto are brimming with job posts; Coinbase has over 250 openings, Kraken over 300, and the world’s most active exchange, Binance, lists more than 600 job posts.
For Bitcoiners and Bitcoin (BTC) maximalists, there is a new resource — Bitcoiner jobs. A service dedicated to helping connect Bitcoiners with Bitcoin-only companies, it now offers almost 100 Satoshi-approved careers.
For those who are unable to switch jobs into crypto, a wider HR trend is crypto remuneration. The mayors of New York and Miami announced that they would take a portion of their pay in BTC in 2021, while seven NFL players have chosen crypto over cash salaries to date.
Nonetheless, while the crypto career switch appears to be gaining traction, the LinkedIn audience is not convinced. Most comments on the LinkedIn post were from bewildered onlookers wondering why crypto has value, and one aggrieved copywriter remonstrated the industry’s scammy nature.
@DeCenterOrg
It wasn’t just a bull run for prices last year. Careers in crypto outstripped price action in 2021, as crypto job searches soared by 395% in the United States alone, according to LinkedIn.
Crucially, the crypto industry outpaced the wider tech industry, which also saw remarkable development, almost doubling its number of job listings. However, at 98% growth, the tech industry dwindles in comparison to crypto jobs, which gained by a whopping 395%.
Furthermore, no industry was safe from “crypto-ization” in 2021. The LinkedIn News post offered valuable insight into crypto influencing other industries:
While most of the job postings were in software and finance, other industries are also seeing a rise in demand for crypto talent. These include professional services like accounting and consulting, as well as the staffing and computer hardware sectors.
For 2022, the growth trend looks set to continue. The biggest exchanges in crypto are brimming with job posts; Coinbase has over 250 openings, Kraken over 300, and the world’s most active exchange, Binance, lists more than 600 job posts.
For Bitcoiners and Bitcoin (BTC) maximalists, there is a new resource — Bitcoiner jobs. A service dedicated to helping connect Bitcoiners with Bitcoin-only companies, it now offers almost 100 Satoshi-approved careers.
For those who are unable to switch jobs into crypto, a wider HR trend is crypto remuneration. The mayors of New York and Miami announced that they would take a portion of their pay in BTC in 2021, while seven NFL players have chosen crypto over cash salaries to date.
Nonetheless, while the crypto career switch appears to be gaining traction, the LinkedIn audience is not convinced. Most comments on the LinkedIn post were from bewildered onlookers wondering why crypto has value, and one aggrieved copywriter remonstrated the industry’s scammy nature.
@DeCenterOrg
iOS Twitter Blue subscribers can now set NFT as a profile picture.
https://twitter.com/twitterblue/status/1484226540984356864
https://twitter.com/twitterblue/status/1484226540984356864
💸 BTC ‘likely’ to repeat Q4 2020 move — 5 things to watch in Bitcoin this week
Bitcoin (BTC) starts a new week facing multiple hurdles but with strong internal support — can old resistance below $50,000 finally fall?
A correction event now almost in its third month is frustrating many, but conditions may soon be right for a fresh charge against opportunistic bears, an increasing number of analysts are saying.
With inflation running hot and United States lawmakers set to make the Bitcoin mining debate public this week, there are plenty of potential pitfalls in store.
Nonetheless, it’s beginning to feel like Bitcoin is at the point where it is capable of producing a classic surprise when the majority of the mainstream economy least expects it.
Cointelegraph takes a look at five factors worth paying attention to when charting BTC price action over the coming week.
Bitcoin retains key weekly close level
Bitcoin looks decidedly uninterested in tackling even local resistance levels as the week begins.
After a rangebound weekend with little unique price action, BTC/USD is putting in lower lows on short timeframes while avoiding key zones around $44,000.
With Wall Street closed for a holiday, Monday could shape up to offer more of the same before markets provide direction.
Bitcoin did, however, manage to close out the week at exactly the crucial point identified by trader and analyst Rekt Capital as useful for aiding bullish momentum.
“A Weekly Close above ~$43100 (black) would be a good sign of confirmation for BTC to continue higher from here,” he wrote Sunday alongside an accompanying price chart.
@DeCenterOrg
Bitcoin (BTC) starts a new week facing multiple hurdles but with strong internal support — can old resistance below $50,000 finally fall?
A correction event now almost in its third month is frustrating many, but conditions may soon be right for a fresh charge against opportunistic bears, an increasing number of analysts are saying.
With inflation running hot and United States lawmakers set to make the Bitcoin mining debate public this week, there are plenty of potential pitfalls in store.
Nonetheless, it’s beginning to feel like Bitcoin is at the point where it is capable of producing a classic surprise when the majority of the mainstream economy least expects it.
Cointelegraph takes a look at five factors worth paying attention to when charting BTC price action over the coming week.
Bitcoin retains key weekly close level
Bitcoin looks decidedly uninterested in tackling even local resistance levels as the week begins.
After a rangebound weekend with little unique price action, BTC/USD is putting in lower lows on short timeframes while avoiding key zones around $44,000.
With Wall Street closed for a holiday, Monday could shape up to offer more of the same before markets provide direction.
Bitcoin did, however, manage to close out the week at exactly the crucial point identified by trader and analyst Rekt Capital as useful for aiding bullish momentum.
“A Weekly Close above ~$43100 (black) would be a good sign of confirmation for BTC to continue higher from here,” he wrote Sunday alongside an accompanying price chart.
@DeCenterOrg
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🌎 Twitter Launches NFT Profile Pic Verification for Some iPhone Users
Twitter announced on Thursday that certain users will be able to import NFTs from their crypto wallets and post them as their profile pictures on the popular social media service.
For now, the service is only available to those who sign up for the "Labs" feature via the company's Twitter Blue subnoscription service. Twitter is also limiting the release to iOS users but says Android and web users will be able to see when a user changes their profile pics to an NFT.
An NFT is a type of token that essentially acts like a blockchain-based deed of ownership that can be linked to both physical and digital items, such as the profile picture avatars which have become popular on the social media platform among the tech crowd and even pro athletes and other celebrities.
"Once authenticated, the NFT will be displayed as a soft hexagon across all surfaces where your avatar is visible. When people tap on it, they can learn more about the art, its collection, provenance and more," said Twitter in release describing the new feature, which makes use of leading NFT marketplace OpenSea's API.
According to a Twitter spokesperson, the company is limiting the release to Blue subscribers for now in part to obtain feedback about the NFT feature and add updates as needed.
Another Twitter Blue video shows that users can connect their NFTs via various wallets, including MetaMask, Rainbow, and Coinbase. The company's Blue service, which costs $2.99/month in the U.S., offers a set of other features that Twitter bills as premium.
@DeCenterOrg
Twitter announced on Thursday that certain users will be able to import NFTs from their crypto wallets and post them as their profile pictures on the popular social media service.
For now, the service is only available to those who sign up for the "Labs" feature via the company's Twitter Blue subnoscription service. Twitter is also limiting the release to iOS users but says Android and web users will be able to see when a user changes their profile pics to an NFT.
An NFT is a type of token that essentially acts like a blockchain-based deed of ownership that can be linked to both physical and digital items, such as the profile picture avatars which have become popular on the social media platform among the tech crowd and even pro athletes and other celebrities.
"Once authenticated, the NFT will be displayed as a soft hexagon across all surfaces where your avatar is visible. When people tap on it, they can learn more about the art, its collection, provenance and more," said Twitter in release describing the new feature, which makes use of leading NFT marketplace OpenSea's API.
According to a Twitter spokesperson, the company is limiting the release to Blue subscribers for now in part to obtain feedback about the NFT feature and add updates as needed.
Another Twitter Blue video shows that users can connect their NFTs via various wallets, including MetaMask, Rainbow, and Coinbase. The company's Blue service, which costs $2.99/month in the U.S., offers a set of other features that Twitter bills as premium.
@DeCenterOrg
🇸🇻 The president of El Salvador, Nayib Bukele, tweeted that his country bought 410 BTC for $15 million. Having paid about $36,585 per coin, Bukele wrote, «Some guys are selling really cheap.»
The Salvadoran government has bought a total of 1 801 Bitcoins since the cryptocurrency was made legal tender in the country.
@DeCenterOrg
The Salvadoran government has bought a total of 1 801 Bitcoins since the cryptocurrency was made legal tender in the country.
@DeCenterOrg