Author: admin-crypto

Micah Johnson: From MLB to NFT Superstar By Jessica Klein Once of the LA Dodgers, Micah Johnson has built an entire universe with his character Aku, a young boy wearing an astronaut’s helmet. Trevor Noah, Pusha T and Tyra Banks are fans. Shortly after Micah Johnson joined the Los Angeles Dodgers Major League Baseball team, the team’s manager, Dave Roberts, asked all the new members to share their hobbies. Johnson had grown up playing piano but fearing that Roberts “might wheel a piano” into the locker room, he decided to say painting was his hobby instead. Roberts asked him to…

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New York State Senate Passes Bitcoin Mining Moratorium By Nikhilesh De, Cheyenne Ligon The state Assembly had already passed the bill, which would bar new mining operations powered by carbon-based energy sources for two years. The New York State Senate passed a bill targeting proof-of-work (PoW) mining early Friday morning in an effort to address some of the environmental concerns about cryptocurrencies. The bill, which was passed by the state Assembly last month, would impose a two-year moratorium on new PoW mining projects powered by carbon-based fuel in the Empire State, though existing mining firms or ones currently undergoing the permit renewal process would be allowed…

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Kevin O’Leary-Backed Bitcoin Miner To Locate HQ in North Dakota By Aoyon Ashraf Bitzero plans to invest about $400 million to $500 million to build 200 megawatts of data centers in the state. Bitcoin mining startup Bitzero, whose backers include entrepreneur and “Shark Tank” star Kevin O’Leary, has chosen North Dakota as the headquarters and hub for its North American operations. – CEO Akbar Shamji said Bitzero plans to build 200 megawatts of data centers in the state over the next two to three years at a cost of $400 million to $500 million. The company is also part of…

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First Mover Asia: Bitcoin Extends Losing Streak, New LUNAs Crash Like Old LUNAs, Stepn’s China Dilemma By Sam Reynolds, Bradley Keoun, Damanick Dantes Bitcoin was headed for a ninth-straight weekly loss, a record in the largest cryptocurrency’s trading history dating back to the early 2010s. Terra delivered its new LUNA “revival” tokens, and the price promptly crashed. “Move-to-earn” crypto project Stepn has plenty of company among firms making changes to accommodate Chinese data-protection laws. Prices: Bitcoin traded higher but was poised to notch a record ninth-straight weekly loss. Prices for Terra’s new LUNA tokens crashed nearly as soon as they launched.…

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Opinion – Crypto’s One Unassailable Use Case: Helping Human Rights Activists By Anna Baydakova The Oslo Freedom Forum was heavy on bitcoin and stablecoin discussions, underscoring that this technology is a tool for political dissidents, not just a get-rich-quick scheme. Attendees at this week’s Oslo Freedom Forum, a 13-year-old annual gathering for human rights and pro-democracy activists, might have wondered at times if they’d mistakenly wandered into a cryptocurrency conference. Bitcoin developer Jimmy Song’s signature cowboy hat could be spotted here and there at the Oslo Concert Hall, where the forum, organized by the Human Rights Foundation, took place. The…

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Stepn To Bar Gameplay in China, Sending ‘Move-To-Earn’ Token GMT Spiraling By Cameron Thompson The crypto rewards game’s GMT token has fallen 38% in the last 24 hours, according to CoinGecko. Solana-based “move-to-earn” game Stepn will effectively bar gameplay in China in mid-July, the company announced Thursday, sending its GMT token spiraling as the markets digested the news. – Stepn said it will stop providing GPS services to users whose IP address or GPS location shows them in China on July 15. Without GPS services, players who own its membership-like shoe non-fungible token (NFT) will not be able to earn tokens for their steps.…

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Terra Snapshot Expected This Week. Here’s How ‘New’ Luna Will Be Distributed By Shaurya Malwa The supply of tokens on the new blockchain will be just over 116 million, developers said. A snapshot of the Terra blockchain is expected to take place later this week ahead of the launch of “Terra 2.0,” a so-called revival of the Terra ecosystem following the implosion of the terraUSD (UST) algorithmic stablecoin earlier this month. The revival plan is now moving forward after the conclusion Wednesday of a vote among network validators, with a 65% approval rate. Investors who held over 10,000 LUNA tokens before UST’s…

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More Downside Ahead for Bitcoin, Says Top Valkyrie Analyst By Fran Velasquez “It’s a marathon, not a sprint,” Josh Olszewicz, head of research at Valkyrie, said about bitcoin’s price recovery, on CoinDesk TV’s “First Mover” program. Bitcoin (BTC) is lower by more than 37% this year, again falling below $30,000. However, one researcher sees the potential for even more downside. Josh Olszewicz, head of research at investment manager Valkyrie, says volatility will need to settle down in order for bitcoin’s price to establish a foothold at the bottom anytime in the near term. “We can look at things like the…

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First Mover Asia: Terra’s Difficult Post-Collapse Path: VCs Backing Away, Regulators Jumping on Stablecoins By Sam Reynolds, Damanick Dantes, James Rubin Some investors see salvageable pieces in the rubble while others are bemoaning their involvement and want to forget the protocol ever existed; bitcoin edges up in weekend trading. Prices: Bitcoin gains slightly in weekend trading but can’t break much beyond $30,000; ether and other major cryptos are in the green. Insights: Terra’s post-collapse path will be difficult. Technician’s take: BTC is roughly flat over the past week. Technical signals suggest a neutral to bearish outlook. Prices Bitcoin (BTC): $30,376 +3.3% Ether (ETH): $2,044 +3.6%…

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Market Wrap: Cryptos Pare Earlier Losses, Bitcoin Outperforms By Damanick Dantes BTC is declining less than altcoins, indicating a lower appetite for risk among traders. Bitcoin (BTC) briefly rose above $30,000 on Tuesday, extending its weeklong trading range higher. Most cryptocurrencies appear to be stabilizing alongside stocks, which indicates a pause in bearish sentiment among traders. Some technical indicators applied to BTC and the S&P 500 remain in oversold territory, although long-term charts suggest limited upside from here. Some alternative cryptos (altcoins) rallied on Tuesday, albeit within a six-month downtrend. For example, Solana’s SOL token rose by as much as…

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