‘Wild west’ as developers MacGyver highly popular NFTs on Cardano

Despite not yet having functional smart contracts on the layer-one, intrepid Cardano developers have recently hacked together methods to mint bootleg nonfungible tokens. These experiments in hosting unique data on the blockchain are reminiscent of the pre ERC-721 standard era for Ethereum — and, what’s more, so far they’ve proven to be enormously popular with token drops routinely selling out.  In a post on Reddit today, ADA Technology Management (ATM), a staking pool operator for Cardano, revealed what they claimed to be two NFT images they’d minted on the chain.…

Tyler Winklevoss thinks Bitcoin is past the risk of a US ban

The United States government has increasingly stepped up its overwatch on crypto in recent years, although an outright ban on Bitcoin is now unlikely — at least according to Gemini CEO and co-founder Tyler Winklevoss. “I think, if we were back in 2013, this would be kind of an open question,” Winklevoss told podcaster Peter McCormack when asked about regulation and a Bitcoin (BTC) ban during a Friday episode of the What Bitcoin Did podcast: “I think that the U.S. will never outlaw Bitcoin. There’s too much precedent that’s been set…

$161M Ethereum options expiry tilts toward bulls as ETH flips $2K to support

With no short-term solution in sight for the surging network fees, some investors are afraid that Ether (ETH) price could face a correction. The EIP-1559 proposal is set to be bundled with the impending London upgrade, and this will change the gas fee structure, but traders are left to deal with high fees until then. The flexible block size proposal aims for a more predictable fee pricing model, but this upgrade is scheduled for July, meaning, in the short term, Ether could be subject to price pressure. Adding to this,…

TRON CEO Justin Sun Wins TIME’s Latest NFT Auction

Key Takeaways TRON founder and CEO Justin Sun has purchased one of TIME Magazine’s NFTs for more than $200,000 in ETH. The cover in question is 1965’s “The Computer In Society.” In recent weeks, Sun has also purchased Beeple’s “Green” NFT, a Warhol, and a Picasso for his NFT fund. Share this article TRON founder and CEO Justin Sun announced today that he has placed the winning bid on one of TIME’s non-fungible tokens. TRON Leader Wins Time NFT On Mar. 22, TIME Magazine announced a series of three non-fungible…

How One Ethereum Could Soon Be Worth Half A Bitcoin

Ethereum just cleanly broke above $2,000 for the first time ever, and the altcoin has been soaring since. The milestone has revived talk about an altcoin season and even a “flippening” of Bitcoin itself. And while that’s unlikely to happen, technical analysis of the ETHBTC pair could suggest that one full Ethereum will soon be worth nearly half a full Bitcoin. Here’s a closer look at the bottoming pattern on the trading pair that could spark the first true altcoin season since 2018. Face That Facts: Ethereum Riding DeFi High,…

Latest episode of ‘the Falcon and the Winter Soldier’ involves massive Bitcoin bounty

The Falcon and the Winter Soldier, a new Marvel Cinematic Universe show on the Disney+ streaming platform, incorporated a Bitcoin (BTC) bounty into its newest episode.  In episode three, “Power Broker,” one of the characters receives a text message which reads: “Selby dead. ₿1K BOUNTY for her killers.” The reference, which drops around the narrative’s half way mark, is timely given Bitcoin’s ongoing bull market. At time of publication, 1,000 BTC equals approximately $58.8 million USD. The reference occurs around 24 minutes into episode 3 of The Falcon and the Winter…

Circle and Poloniex Will Share User Identities With IRS

Key Takeaways The IRS has gained authorization to order two companies, Circle and Poloniex, to share data on U.S. based investors. The regulator is seeking data on US taxpayers who made transactions of at least $20,000 between 2016 and 2020. U.S. regulators have many tax efforts underway. Share this article The IRS will likely gain access to records from two crypto companies, Circle and Poloniex, to root out tax evasion among U.S. investors. Circle and Poloniex Will Share Data According to the U.S. Department of Justice (DoJ), a federal court…

Cardano Consolidating Prior to Smart Contract Upgrade

Cardano (ADA) prices are dormant, even though an upgrade that will add support for smart contracts and applications is approaching. Cardano Shows Indecision Cardano made headlines after IOHK CEO and founder Charles Hoskinson revealed a roadmap for the blockchain’s Alonzo upgrade. The update will add support for smart contracts and applications. However, ADA’s price has failed to react to the positive news. ADA has remained stagnant since it rose to a new high of nearly $1.50 on Feb. 27. Since then, ADA has been mostly contained between the $1.00 support…

Grayscale Effect Pumps Filecoin, But for How Long?

Key Takeaways Filecoin recently reached a new all-time high of $238.50. Upward momentum skyrocketed after Grayscale added 29,550 FIL to its holdings in the past 24 hours. While emotions run high, multiple technical indicators warn of a brief correction before higher highs. Share this article Filecoin has been on a roll lately, surging more than 550% since the beginning of March. While institutional capital continues to flow in, the technicals point to a brief correction before further gains. Institutional Demand Picks Up Institutional capital seems to be flowing en masse…

Former Chainalysis brass is now FinCEN’s acting director

The current acting director of the Financial Crimes Enforcement Network, or FinCEN, will bid farewell to the governing body in April. His replacement: Michael Mosier, Chainalysis’ former chief technical counsel.  “Director Kenneth A. Blanco today announced several leadership changes impacting the bureau,” said a public statement from FinCEN on Friday, adding: “Director Blanco announced he will depart FinCEN on April 9, after serving as the organization’s director since December 2017. Michael Mosier, former FinCEN Deputy Director and current Counselor to the Deputy Secretary of the Treasury, will return to FinCEN…