Bitcoin News and Finance: What You Need to Know

PRESS RELEASE. Hidden among a press release published on November 10, 2020 is one of the most significant developments in blockchain history: By partnering with Tilia Pay, Upland.me, a virtual property metaverse that offers true ownership of NFT property parcels mapped to real addresses, has taken a giant leap towards creating the world’s first true digital economy . As the earth’s metaverse, Upland is blurring and ultimately erasing the line between the real world and the digital world. Upland has now been bringing that proposition to life with Property-to-USD. By spending the past two years building a metaverse that offers true ownership of digital assets via blockchain tech, Upland has asymptotically been approaching their goal of building a fully realized market-based digital economy. So far, Upland allowed purchasing of digital assets via fiat or crypto (through UPX) and the in-game resale and trading of those assets. Upland has established a true free market based on supply...

An attempt to capitalize on the ongoing hype around Dogecoin has backfired for the crypto wallet app Freewallet after it was called out online in a tweet from Elon Musk. Musk Proclaims ‘Your app sucks,’ In Blunt Tweet Directed at Freewallet Freewallet, riding on the Elon-Doge rocket of publicity, released a tweet telling people to buy and exchange Dogecoin in its crypto wallet app with a tag of the man himself. Tagging Elon Musk comes with its own risk, as apparent from the blunt reply: Your app sucks — Elon Musk (@elonmusk) February 10, 2021 An hour later, Musk decided to expand on his claim by jumping from his role of executioner to an educator: Any crypto wallet that won’t give you your private keys should be avoided at all costs — Elon Musk (@elonmusk) February 10, 2021 As expected, Musk’s followers rallied behind him and joined in on the action, leading to an entourage of critical posts being directed towards the crypto app. Full thread here . Musk’s criticism o...

The crypto portfolio tracker Blockfolio, owned by the exchange FTX, got its messaging system compromised, as racist notifications started to appear. Blockfolio’s users received the offensive messages with a warning that they’re about to lose all funds. Some Offensive Messages Included a URL Reportedly Linked to Pornography According to the crypto tracker and trading app, they’re almost entirely back with their notification system, and the company issued a public apology: We are incredibly sorry about the offensive messages posted today. No funds/etc were affected; this did not interact with any trading features. Also, Blockfolio said they’ve revoked access to the compromised Signal submitter and removed the racists’ messages . Tracking parts of the app are again coming back progressively, said the FTX-owned app. All the users’ offensive messages seem to be the same ones, with clear grammar mistakes. It reads as follows: Hello we are sad to announce we closure of our services...

Winklevoss Twins, Swish DJ Alesso, and 76ers owner Michael Rubin debut digital artworks alongside an all-star celebrity line-up. The non-fungible tokens (NFTs) are a collection of NFTs distributed by the art collective Ethernity. Ethernity Provides a Way for Stars to Support Philanthropic Causes A star-studded line-up of celebrities and influential figures has launched its first collection of non-fungible tokens (NFTs) as part of the celebrity art collective Ethernity , a new NFT project that sells digital artwork endorsed by well-known public figures in the areas of film, TV, music, sports, and cryptocurrency. A token represents each piece of digital artwork featured in the Ethernity collection created by renowned artists. A portion of the funds raised from each sale will be donated to charitable causes. Endorsed by celebrities and created by artists, Ethernity provides a way for stars to support philanthropic causes while participating in events that are close to their hearts. ...

A bitcoin company is the latest victim of a data breach incident, where hackers managed to access customers’ full names and email addresses. Moreover, attackers sent withdrawal requests from the company customers’ accounts to addresses belonging to the hackers. Marketplace Warns Users of Phishing Attacks According to the announcement , Keepchange clarified that attackers stole part of their customers’ data, including trade counts, total traded amount, and passwords in the hashed form. Although the company stated it’s “very unlikely” the hackers can retrieve the password from the hashed form, they recommend users change passwords. However, the bitcoin ( BTC ) company clarified one of their control subsystems thwarted the hacker’s attempts to withdraw money from the user’s accounts affected in the data breach. No BTC was stolen during the cybersecurity incident. As part of a series of security measures to be deployed, Keepchange says they’ve activated “Login Guard.” After each log...

Ever since bitcoin and a number of other digital assets started seeing price gains 11 months ago, a great number of celebrities started jumping on the cryptocurrency bandwagon. More recently famous people like Kiss frontman Gene Simmons, the retired American rapper Logic, hit record producer Murda Beatz, and Game of Thrones actress Maisie Williams have all been talking about digital currencies like bitcoin. On Wednesday, the well known actress Lindsay Lohan tweeted about the leading currency to her 8.4 million followers. For years now, famous people have joined the crypto economy in some way or another. Whether they talk about crypto assets, invest in digital currency companies, or invest in bitcoin itself— a great number of celebrities have shown interest in crypto. Luminaries like Paris Hilton, Floyd Mayweather, DJ Khaled, Mike Tyson, Serena Williams, Manny Pacquiao, Lionel Messi, Ashton Kutcher, and more have been connected to the crypto space in some form. During the last 11 mon...

During the last few years, smart contracts and blockchain oracles have transformed the crypto industry, and one specific project called Chainlink is the most widely used oracle network to-date. Another interesting thing about Chainlink is the project’s creator, Sergey Nazarov has been a Satoshi Nakamoto suspect in recent times. Last year, a number of reports attempted to prove that Nazarov could be Bitcoin’s creator by leveraging circumstantial evidence and speculation. Chainlink Founder Sergey Nazarov Deemed a Satoshi Suspect Over the last few years, news.Bitcoin.com has written extensively on what some people believe is the greatest mystery of all within the cryptocurrency space. A great number of sleuths are hunting for Satoshi Nakamoto and the whereabouts of all the bitcoins the creator mined while kick-starting the network. Our newsdesk has also created a comprehensive list of all the Satoshi Nakamoto suspects and the most recent on our list is a present-day theory. Last year...

A panel of experts at the United Nations says that North Korea has amassed $316 million in cryptocurrencies from various cyberattacks on crypto exchanges and financial institutions. The panel also investigated North Korea’s involvement in the $281 million hack of a crypto exchange. UN Expert Panel Sheds Light on North Korea’s Cyberattack Activities A United Nations panel of experts has submitted a draft report reviewing the measures on North Korea to the Security Council’s North Korea Sanctions Committee. Nikkei says it has obtained a copy of the document, noting that it will be made public after discussion and revisions by the council’s board member nations. The report highlights that North Korea’s “total theft of virtual assets from 2019 to November 2020 is valued at approximately $316.4 million,” citing one unidentified country. North Korea allegedly uses cyberattacks against financial institutions and crypto exchanges to generate money to support its weapons of mass destruction...

PRESS RELEASE. After transforming businesses across various industries, blockchain has combined with MLM (Multi-level Marketing) to bring profound, positive changes in the industry. India’s Antier Solutions has executed transactions worth a 100 million USD across its blockchain based MLM platforms . At the core of blockchain technology is a “shared distributed ledger” where the data and transactions are recorded. This distributed ledger is accessible to everyone on the network, thereby promoting transparency. Blockchain acts as a new type of database system that allows multiple parties to share access to the same data, at virtually the same time, enabling an unprecedented level of confidence. Furthermore, blockchain holds huge potential to automate and expedite business processes by using smart contracts that eliminate the involvement of any third-party to perform the operations. Although almost every industry is ripe for blockchain adoption, one area that holds significant pote...

After previously claiming that Elon Musk was too smart to buy bitcoin, Euro Pacific Capital CEO Peter Schiff is reacting angrily to reports that Tesla has acquired the cryptocurrency. In a series of tweets on February 8, Schiff now claims that Musk has no interest in bitcoin’s store of value credentials but is only interested in pumping the crypto. BTC Bias Allegations In its filing with the U.S. Securities and Exchange Commission (SEC), Tesla says it decided to acquire bitcoin because it fits with the company’s updated investment policy. According to the company, this new policy, which provides Tesla with the flexibility to diversify and maximise returns on idle cash, authorizes the company to buy gold bullion as well. However, in one of his tweets, Schiff appears to take aim at Musk and Tesla for choosing to announce the BTC acquisition while not mentioning anything about gold. Schiff says: Though Tesla’s SEC filing also authorizes the purchase of gold, no purchases were d...

India’s Finance Minister Nirmala Sitharaman has answered some questions regarding cryptocurrency in Rajya Sabha, the upper house of India’s parliament. The questions include measures the government plans to impose on the crypto industry. Finance Minister Nirmala Sitharaman Answers Crypto Questions in Parliament The Indian finance minister answered four questions Tuesday in Rajya Sabha regarding the “trading in cryptocurrency,” including measures outlined in the crypto bill. Minister Sushil Kumar Modi asked the minister of finance whether “a ban was imposed on bitcoin trading in 2018,” which was later lifted by the supreme court, whether other cryptocurrencies are still banned, and whether “despite the ban, illegal trading of cryptocurrency is still being done on a large scale.” To these questions, Finance Minister Nirmala Sitharaman replied: “In view of the risks associated with virtual currencies (VCs), including bitcoins, Reserve Bank of India (RBI), vide circular dated April 6,...

Following the outcry over the Central Bank of Nigeria’s latest directive that targets cryptocurrencies, the institution has reaffirmed its stance with another statement. In the latest five-page document, the CBN insists that this directive is intended to protect the country’s financial system from the “risks” that are associated with cryptocurrencies. Debunked Claims Still, the central bank claims the directive has “not placed any new restrictions on cryptocurrencies” but is only regurgitating what was said four years ago. In January 2017, the CBN published a circular which claimed then that the use of cryptocurrencies was against the “key mandate of the CBN as the issuer of legal tender in the country.” Nevertheless, the country has since seen the use of cryptocurrencies grow and now Nigeria ranks as one of the leading cryptocurrency markets in the world. Despite the apparent embrace of cryptocurrencies, the CBN statement appears to ignore this evidence. Instead, the statement...