Bitcoin News and Finance: What You Need to Know

PRESS RELEASE. A crypto platform Crypto Gaming United (CGU), which has joined the crypto exchange TimeX on the 18th of october, made $2.5 million in a record-breaking six seconds since public token trading began. One of the co-founders of the project is a crypto-currency, DeFi and blockchain app entrepreneur Sergei Sergienko born in Russia. CGU operates on the principles of uber-economy. Gamers don’t need to spend money on the initial purchase of NFT-characters. The platform rents them out to players in exchange for a share of their daily income. Meanwhile the games themselves reward players with income proportionate to their in-game skill and performance. The open market sale of GCU tokens became the third and final investment round. For context, previously the seed and pre-IDO rounds had ended at $5 million and $10 million respectively. The tokens released during these rounds have a blocking period with a 3 year rights transfer schedule. This means that CGU’s tokens are now on...

Sandile Shezi, the South African bitcoin trader accused of defrauding investors, recently made his first court appearance before a Johannesburg magistrate. Shezi out on Bail The bitcoin trader’s court appearance came just days after he honored his pledge to surrender himself to the police. However, according to a report by the Sowetan, Shezi — who is now out on bail — is set to return to court on November 24. As previously reported by Bitcoin.com News, Shezi is facing fraud allegations that stem from his failure to honor promises he made to Allan Ledwaba, an investor in the latter’s Global Forex Institute. Although Shezi has repeatedly denied the allegations, Ledwaba and an unnamed investor still went on to file complaints against the bitcoin trader. The filing of these complaints then culminated in the issuing of the warrant for the bitcoin trader’s arrest. The report in the meantime quotes Ledwaba commenting on Shezi’s arrest and his subsequent court appearance. He said: To...

Elon Musk has revealed the real reason he supports the meme cryptocurrency dogecoin. He shared that a lot of people he talks to at his companies, Tesla and Spacex, own dogecoin, noting that “it felt like the people’s crypto.” Lots of People Elon Musk Talks to at Spacex and Tesla Own Dogecoin Tesla and Spacex CEO Elon Musk revealed Sunday the real reason he began supporting dogecoin. He noted that many people he talks to at both companies own the meme cryptocurrency. Responding to a tweet by dogecoin holder Glauber Contessoto , who said the appeal for DOGE is real, referencing a survey that found about a third of U.S. crypto holders own the meme cryptocurrency, Musk wrote: Lots of people I talked to on the production lines at Tesla or building rockets at Spacex own Doge. They aren’t financial experts or Silicon Valley technologists. That’s why I decided to support Doge — it felt like the people’s crypto. The Doge community welcomes Musk’s comment and support. “Most of us don’t c...

Payments giant Mastercard has partnered with a cryptocurrency exchange to allow its partners and merchants in the U.S. to offer crypto solutions, including the buying, selling, and holding of cryptocurrencies. “We want to offer all of our partners the ability to more easily add crypto services to whatever it is they’re doing.” Mastercard’s Network Integrates Crypto Mastercard (NYSE: MA) and cryptocurrency exchange platform Bakkt (NYSE: BKKT) announced “a multifaceted partnership” Monday at the Money20/20 event. The partnership aims “to make it easier for merchants, banks, and fintechs in the U.S. to embrace and offer a broad set of cryptocurrency solutions and services,” the announcement details. “Bakkt extends Mastercard’s ecosystem of cryptocurrency partners enabling crypto-as-a-service, which provides quick access to cryptocurrency capabilities.” The two companies explained: Mastercard partners will be able to offer cryptocurrency solutions. These include the ability for cons...

Player wins a mighty big jackpot in the flashy new sequel Aloha King Elvis! on our crypto casino! A massive 1000x on the exciting Hawaiian-themed slot game The charismatic Elvis Frog has been taking a trip to Hawaii lately in BGaming’s popular new slot game on Bitcoin.com’s very own crypto casino. The titular character King Elvis has now bestowed riches upon one lucky player who landed a massive win on Aloha King Elvis! This big win comes at the onset of Halloween that should allow the player to enjoy his newly acquired riches quite festively. The Hawaiian-themed slot game features two jackpots, namely a Mini and a Major, both applying a 200x and a 1000x multiplier to the player bet amount respectively. A Major jackpot was applied to the lucky player’s bet that propelled his casino wallet’s balance into an exponential frenzy adding an amount equalling roughly 1.9 BTC as per current evaluations. King Elvis bestows generous riches onto the player with a 1000x multiplier ! ‘A...

PRESS RELEASE. MetaWars, an innovative, multiplayer strategy blockchain-based game, has successfully raised $2.3 million USD from its supporting investors. MetaWars has collaborated with various investors and partners to incorporate blockchain into the emerging gaming industry and revolutionize NFTs. The game has recently announced their exclusive NFT auction starting from October 21st. The auction will be ongoing until the date of their confirmed TGE, the 27th of October. The NFT auction offers participants a range of NFTs that provide advantageous benefits for players in-game from a minimum price of 0.2 BNB . To know more about MetaWars’ exclusive NFT auction event, visit here . MetaWars, as mentioned, will be hosting their TGE on the 27th of October in collaboration with three launchpads, Polylauncher, Red Kite and GameFi. Their utility token, $WARS, has a total supply of 1,500,000,000 and is required for an in-game token $GAM for staking, upgrades, trading and more on their N...

After the price of bitcoin tapped an all-time high above the $67K handle, it then dropped below the $60K zone to $59,510 per unit. Since then, the leading crypto asset has regained some of the losses and bitcoin is still up 2.4% during the last seven days. However, a great number of crypto assets have outperformed bitcoin’s weekly rise, capturing double-digit gains as high as 65.1%. Thorchain, Nexo, Near, Okb, Shiba Inu, Safemoon Values Spike Digital currency markets are on the move again as the $2.733 trillion market valuation of all 10,000+ crypto assets is up 4.6% on Monday. BTC has jumped a bit higher during the latter half of Sunday’s trading sessions into Monday and BTC has gained 2.4% this past week. But there’s over 55 different digital assets that have outperformed BTC ’s weekly gains. The top seven-day gainer this week is thorchain (RUNE) which has jumped a whopping 65.1% this past week. The crypto asset thorchain has a $3.3 billion market capitalization and $208 millio...

On Sunday, Elon Musk discussed his relationship with the Dogecoin Foundation and he mentioned a few improvements he’d like to see implemented via Dogecoin Core’s codebase. Meanwhile, Github metrics show developers have been working on Dogecoin Core during the last few months and it seems Dogecoin software engineers are prepping the network to address fees, transaction time, and mining. Dogecoin Proponents Including Elon Musk Patiently Wait for a fee Change Fix, Dogecoin Core Repo Has Been Active At the end of June, Tesla’s CEO Elon Musk tweeted about the fee change proposal added to the Dogecoin Core Github repository. At the time, Musk said it was “important to support” it. The following week, people noticed that Dogecoin software developers Ross Nicoll and Patrick Lodder were maintaining the project and looking to add Musk’s suggestions. Lodder’s Dogecoin Core fee change proposal explained that the fix would be “gradually deployed to the network over multiple software releases....

During the last few weeks, a project called Worldcoin has been the subject of numerous headlines and speculation. Worldcoin launched on October 21 and aims to be a universal basic income (UBI) crypto asset that gives free tokens to accounts that are verified with a biometric eye scan. The project has privacy advocates reeling and whistleblower Edward Snowden slammed the project’s creators and said “don’t catalogue eyeballs.” Worldcoin Turns Heads in the Crypto World as It Wants to Scan Your Eyeballs in Exchange for Free Crypto There’s a new cryptocurrency project that is turning heads because of the way it disperses funds to network participants. The project Worldcoin was introduced to the world by Alex Blania and Sam Altman and the team hopes to get one billion people using the crypto asset by the end of 2022. Worldcoin launched on October 21, and the founders have raised $25 million from strategic investors like Blockchange, Coinbase Ventures, Andreesen Horowitz, and Linkedin co-...

The 78th United States secretary of the treasury Janet Yellen told CNN’s “State of the Union” on Sunday that U.S. lawmakers are considering taxing unrealized capital gains. According to Yellen, the funds collected would help finance things related to climate and social change. While Yellen said that U.S. senator Ron Wyden (D., Ore.) was working on drafting the plan, a great number of Americans have been criticizing the proposal on forums and social media. Janet Yellen Discusses Unrealized Capital Gains Tax Proposal, House Speaker Pelosi Approves The phrase “unrealized capital gains” has been trending on social media and forums during the last 24 hours after the U.S. secretary of the treasury Janet Yellen discussed the subject on CNN’s “State of the Union.” Yellen explained the concept, which aims to tax Americans on unrealized capital gains stemming from liquid assets. Of course, like the controversial $600 IRS monitoring proposal, Yellen stressed that the proposal was aimed at “...

PRESS RELEASE. The MetaHUMAN Foundation has announced a grants program to support a new generation of projects looking to adopt and build on top of HUMAN Protocol. Successful applicants will have access to an allocated fund of $10 million, to supercharge the adoption of the Protocol, and realize new possibilities for HUMAN technology across new use cases. HUMAN Protocol is an open-source infrastructure. It is a beginning – a new way to represent and verify human value and contribution – that can be built upon. With each new application, the diversity of work processed by the Protocol expands, and the utility of the HMT token as a means to represent all forms of contribution increases. HUMAN Protocol facilitates a new future of work by offering a permissionless system of exchange. Automated by software, enforced by smart contracts, and settled on the blockchain, HUMAN Protocol means any input or interaction can be tokenized, and its value securely represented. Its primary application...

As authorities in the EU are still discussing union-wide cryptocurrency regulations, a major U.S. bank has reportedly lobbied the Irish government to adopt its own rules for the space. BNY Mellon launched its digital asset business in Ireland this year to provide custodian services to institutional investors. Banking Giant BNY Mellon Calls for Irish Crypto Regulations U.S. banking corporation BNY Mellon, which established a crypto unit in Ireland this spring, has urged the country’s finance ministry to introduce crypto regulations while the EU rules for the space are still being developed, the Irish press reported. The bank’s digital hub in Dublin was set up to provide depository services for digital assets to institutions interested in cryptocurrency investments. A report by the Irish Independent unveils that representatives of BNY Mellon met with the Irish Minister of State at the Department of Finance Seán Fleming in May to try to convince the government about the need to adopt...

Do Kwon, co-founder and CEO of Terraform Labs, the company that backs the Terra blockchain ecosystem, is suing the U.S. Securities and Exchange Commission (SEC). Kwon, who was served a subpoena while appearing at Messari’s Mainnet conference as a presenter, states this behavior was against the SEC’s own policies, and that they needed to go through proper channels to deliver the subpoena. Do Kwon Takes the Fight to the SEC Do Kwon, the co-founder and CEO of Terraform Labs, the company behind the design and creation of Terra , a smart contracts-enabled cryptocurrency, is suing the SEC over an incident that happened during the latest installment of Messari’s Mainnet conference. He had been conducting conversations with the SEC about possible actions against Mirror Protocol, a decentralized app that tracks prices of stocks for synthetic assets. The lawsuit explains the SEC had contacted Kwon in May to talk to him about the operation of Mirror Protocol, and the connection of Terraform ...

The construction of a bitcoin mega-mining farm in Argentina by Bitfarms is raising concerns for legislators. Martín Berhongaray, a national deputy, recently presented a resolution to force the government to disclose information about the installation of the facility, through representatives from the Ministries of Science, Technology and Innovation, Environment and Sustainable Development, and of the nation’s economy. Bitfarms Mega Farm in Sights of Legislators The ambitious project that Bitfarms, a mining behemoth headquartered in Canada, is building in Argentina, has already started to raise concerns with Argentinian legislators. Martín Berhongaray, a national deputy, introduced a law proposal for the government to explain how this deal was conceived and whether the company has passed oversight of the different state institutions linked to the deal, like the Ministries of Science, Technology and Innovation, Environment and Sustainable Development, and of the nation’s economy. The...