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At the Plan B conference on Oct. 21, a panel of Bitcoin (BTC) leaders discussed the opportunities and challenges of increasing Bitcoin adoption globally. The panelists included Luis Buenaventura of TerraMidPhoenix, Paulo Renelle of NamX Payments AG, and Dayan Petrov of Nakamoto Card. A key theme was the difficulty of onboarding new users and merchants in different cultural contexts. Buenaventura gave the example of El Salvador, where despite the country adopting Bitcoin as legal tender, there are still challenges getting merchants set up to accept Bitcoin payments. It’s always something missing, you know? Or, you know how many times it happened in El Salvador? Luis Buenaventura You might also like: Bitcoin price to hit $70k soon, analyst predicts We have situations in which, you know, we have the sticker saying that Bitcoin is accepted here, but then the actual employee is so afraid of just interacting with Bitcoin that they will say, no, no, we don’t accep...

During an episode of The Joe Rogan Experience, Altman expressed his excitement for Bitcoin and also said he was “super against” CBDCs. OpenAI CEO Sam Altman has called Bitcoin (BTC) a " super logical " step on the tech tree, which is both free of government control while helping to fight corruption. "I’m excited about Bitcoin,” Altman told Joe Rogan during an Oct. 6 episode of  The Joe Rogan Experience podcast. “I think this idea that we have a global currency that is outside of the control of any government is a super logical and important step on the tech tree." The OpenAI boss' wide-ranging interview with Rogan covered his thoughts on Bitcoin as a world reserve currency and his concerns about central bank digital currencies (CBDCs). Altman, who also serves as founder of Worldcoin, said the shift to a “techno logical ly enabled world,” including Bitcoin, could help reduce corruption. Creator of ChatGPT, Sam Altman says, “#Bitcoin is a super logical and im...

Marathon Digital, in particular, produced 1,232 Bitcoin in September, which accounted for a record 4.3% share of Bitcoin miner rewards. Bitcoin miners Marathon Digital, Riot Platforms, and CleanSpark recorded strong Bitcoin production increases in September, leading to a small boost in share prices on Oct. 4. The firm’s balance sheets also strengthened despite Bitcoin’s price (BTC) recording another month of sideways movement — hovering between the $25,100 and $28,500 mark. Marathon's Bitcoin production rises 245% Bitcoin mining firm Marathon Digital produced a total of 1,242 BTC in September — a 16% increase from August and a massive 245% increase from September 2022. The huge spike in BTC production came from a 508% increase in the firm’s installed hashrate from 3.8 exahashes per second (EH/s) in September 2022 to 23.1 EH/s, according to Marathon’s September results. Marathon Digital Holdings’ September #Bitcoin Production Update is here: - Increased Monthly Average Operationa...

As soon as a gamer cashes out an in-game asset, they realize monetary value, which is where the problem with the SEC comes in, a Shrapnel executive told Cointelegraph. The creators of blockchain game Shrapnel — an upcoming AAA first-person extraction shooter — will be cutting a part of its game for United States-based players, in order to avoid the potential ire of the country’s securities regulator. The game, which is due to launch in early access in December, will be unrestricted for players from Europe and Asia but gamers from the U.S. will not be able to cash out at all, says Shrapnel Head of Economy Francis Brankin in a Sept. 13 interview with Cointelegraph at Token 2049. “They [U.S. users] can do everything every other player can do, but they can't cash out. Because that's what makes it a security to the U.S. player, as soon as they can realize monetary value, that’s where the problem comes in.” He hopes the issue will be temporary and that Neon — the team behind Shrapn...

Shytoshi Kusama, the co-founder of the SHIB token, said the bridge was fixed with the help of Polygon Labs co-founder Sandeep Nailwal. Shibarium, a new layer-2 blockchain for Shiba Inu (SHIB) has surpassed 100,000 wallet s on its platform with 35,000 coming within 24 hours of Shibarium's relaunch on Aug. 28. Shytoshi Kusama, the lead developer and co-founder of Shiba Inu, confirmed Shibarium was back up and running in an Aug. 28 blog post. At the time, Kusama noted that Shibarium tallied 65,000 wallet s across 350,000 transactions — however, those figures have rocketed upwards since, respectively increasing 55.8% and 20.2%, according to Shiariumscan.io. Shibarium’s block explorer shows that 101,277 wallets have now facilitated 420,897 transactions across 344,614 blocks, with an average block time of 5 seconds. The number of wallet addresses increased from 65,000 to over 100,000 within 24 hours of Shibarium re-opening. Source: Shiariumscan.io In a statement, Kusama said the relaun...

Toyota continues its ongoing exploration into integrating blockchain technology within its corporate and developmental ecosystems. The Toyota GR Cup, a North American racing series held by Toyota Gazoo Racing, recently announced it will start awarding digital trophies and record driver performances on the Polygon block chain .  Image source: Toyota press release. Per a press release, the new on-chain awards system will include digital trophies for podium finishers (drivers who take first, second, or third place in a race). The ledger entries will also include statistics about the race and the drivers performance. According to Jack Irving, executive commercial director for Toyota Racing Development (TRD), the point of the program is to put driver’s accomplishments on chain so fans can interact with them: “Blockchain helps us keep a permanent digital record of drivers' achievements that they can share with their friends, family and fans. It also allows us to develop new opportuni...

Animoca Brands, a company responsible for advancing digital property rights for gaming and the metaverse, has announced its partnership with Celo, a carbon-negative blockchain ecosystem. By joining the Celo ecosystem, Animoca Brands aims to expand web3 gaming on Celo’s mobile-first infrastructure, with the intent to drive social impact and climate action through newer web3 tools. Development underway In a June 21 press release shared with crypto.news, Animoca Brands announced their partnership with Celo, a platform focused on mobile accessibility, catering to a broad user base of over 6.4 billion mobile phone users worldwide.  Having already facilitated more than 240 million transactions and boasting a market cap of $350 million, Celo has made notable strides in offsetting carbon emissions, with 4,104 tons of tCO2-eq being offset at the protocol layer since its mainnet launch on Earth Day 2020. You might also like: Chainlink releases Q2 2023 product update “Animoc...

"Explain This Bob," the popular AI-powered Twitter account also linked to a memecoin, was suspended shortly after Elon Musk alleged it was a "scam." Twitter has suspended the account of the popular memecoin-linked artificial intelligence-powered bot “Explain This Bob” after Elon Musk alleged it was a “scam crypto account.” Musk alleged the account was a scam in a tweet on June 18 in areply to the bot, the account was seemingly suspended soon after. This sure looks like a scam crypto account. If so, it will be suspended. — Elon Musk (@elonmusk) June 18, 2023 The Explain This Bob account reportedly amassed over 400,000 followers before its suspension. The bot was created by Prabhu Biswal from India and used OpenAI’s GPT-4 model to comprehend and provide responses to tweets by those who tagged the account. The project was also linked to the ERC-20 memecoin Bob Token (BOB) that was launched in April 2023. The suspension sent the price of BOB down over 30% accordin...

What started with a comedy club would later become a notorious case of legal loopholes and frustration for the nonfungible token community. In Venezuela, humor plays an important role, either as a form of protest or a way to make sense of reality.  In November 2021, humor and nonfungible Tokens (NFTs) were combined with the launch of the Comedy Monsters Club (CMC) project. The project was led by Roberto Cardoso, better known by his former stage name “Bobby Comedia,” and co-founded with brothers José David Roa and David Roa. The project was advertised as the only comedy club to use NFT collectibles as membership. However, the hype would quickly turn to confusion for the project’s investors. An enticing narrative Comedy Monsters reached the NFT-curious Latin American audience through the well-known Venezuelan comedians. Cardoso and his co-founders appeared in publications like Forbes Mexico and on popular shows and comedy podcasts such as Nos Reiremos de Esto and Escuela de Nada . Lis...

Industry experts and regulators weigh in on the European Union’s proposed MiCA rules at Paris Blockchain Week. Regulators and industry players highlighted a number of implications and potential impacts of the European Union’s Markets in Crypto-Assets (MiCA) Regulation at the Paris Blockchain Week 2023. A panel titled ‘MiCA: How is the EU Regulating Crypto?’ delved into the proposed MiCA regulation which is expected to take effect in 2024. The 400-page regulatory guideline for cryptocurrencies and digital assets has been a major talking point across the continent. Unpacking MiCA and its implications - a panel discussion featuring industry experts and regulators at Paris Blockchain Week 2023.  Gundars Ostrovskis gave inside insights into the development of the MiCA documentation, given his involvement as a team leader in the Digital Finance Unit of the European Commission. Working alongside colleagues that drafted the MiCA regulations, Ostrovskis highlighted the belief that the legisla...

Jimmy Fallon wants out of the BAYC trademark case while Blur is responsible for the NFT market’s 3-month high. Lawyers of Jimmy Fallon, star of NBC’s long-running comedy and variety series The Tonight Show , have filed a petition to "quash" a subpoena requiring him to testify in the Yuga Labs Inc. v. Ripps et al. case.  The lawyers claim that Fallon has no connection to the dispute, is not a party to the Ripps litigation, and has never met or interacted with Ryder Ripps, creative director of OKFocus and Jeremy Cahen, one of the founders of the alleged Bored Ape Yacht Club (BAYC) “copycat.” Yuga Labs is suing Ryder Ripps and Jeremy Cahen for issuing a "copycat" nonfungible token (NFT) collection that resulted in trademark infringement, false advertising, and unfair competition. The ongoing case has brought a focus to intellectual property (IP) and trademark rights within the NFT space. While Fallon acquired a Bored Ape Yacht Club NFT and talked about it on his sho...

Prince Philip of Serbia outlines key ways in which Bitcoin promotes global financial inclusion and its importance in conflict-affected nations. The fundamental aspects of Bitcoin (BTC) continue to power global financial inclusion, financial privacy and autonomy in conflict-affected nations despite difficult macro-economic and cryptocurrency market conditions over the past year. These are the key takeaways of an in-depth interview with Prince Philip of Serbia and Yugoslavia conducted by Cointelegraph Brazil’s Cassio Gusson as 2023 gets underway. Prince Philip Karađorđević shared his thoughts on the sector as he joined JAN3 as its Chief Strategy Officer. The Bitcoin technology company was driving the adoption of the preeminent cryptocurrency and was founded by Bitcoin proponent Samson Mow in 2022. Jan3 announced a partnership to help develop El Salvador’s Bitcoin City in April 2022 and has since opened up an office in the BTC-friendly nation according to Prince Philip. The company also...

While the crypto market in 2022 was hit by a slew of insolvencies and daily volatility, adoption seems to have continued apace on the global level. It’s no secret that the crypto market was gripped by bearish pressure for the entirety of 2022. However, amid all the volatility and chaos, many positive news stories appeared as well — especially regarding the global adoption of digital assets and crypto-related technologies in general. Looking back at 2022, here are some key adopt ion-related events that helped drive the industry last year. Polygon accrues 200 million addresses despite challenging 2022 Even though an air of financial uncertainty has shrouded the crypto market since the end of 2021, Polygon — a layer-2 scaling solution running alongside the Ethereum blockchain, allowing for speedy transactions and low fees — continued to witness a lot of growth in 2022. To this point, the network’s unique address count recently surpassed the 200 million mark, reaching a new all-time hi...

ASIC miners' price per terahash has fallen more than 80% from its peak in 2021 as Bitcoin mining machines continue to flood the marketplace. Bitcoin ASIC miner s — machines optimized for the sole purpose of mining Bitcoin — are currently selling at bottom-of-the-barrel price s not seen since 2020 and 2021, in what is being viewed as another sign of a deepened crypto bear market. According to the latest data from Hashrate Index, the most efficient ASIC miner s, those generating at least one terahash per 38 joules of energy, have seen their price s fall 86.82% from May. 7, 2021 peak of $119.25 per terahash down to $15.71 as of Dec. 25. Miners in these category include Bitmain’s Antminer S19 and MicroBTC’s Whatsminer M30s. The same statement holds true for the mid-tier machines, with price s now averaged out at $10.23 after falling a massive 89.36% from its peak price of $96.24 on May. 7, 2021. However, the least efficient machines, ones that require more than 68 Joules per TH, are ...

From Vitalik Buterin to Elon Musk, these tweets from 2022 provide a look back at some of the year’s action. Another year in the crypto space has nearly passed. As usual, Twitter has been a hotbed of crypto-related conversation during the turbulent year. From Terra’s collapse and the whole situation with FTX to Elon Musk’s takeover of Twitter, 2022 has played out like a television drama, keeping people on the edge of their seats.  Tweets can act like time capsules from the past, offering up memories or documenting particular historical points. Here are 10 memorable tweets from 2022. The Terra collapse The crypto space suffered several blows this year, and among them was the collapse of the Terra project. Terra started 2022 as a prevalent project in the crypto industry, with its LUNA asset sitting in the top 10 cryptocurrencies by market capitalization at the start of the year. In May, however, the project crumbled, fueled by the fact that its related stablecoin, TerraUSD (UST), comple...