Crypto for Dummies

2022-04-09 17:04:00 Meta (Facebook) returns to the idea of issuing its own cryptocurrency

The token has already received the working name "Zuck Bucks", indicating Mark Zuckerberg's active participation in this project.

The founder of Meta plans to build his own financial system with loans, grants and investments in the created Metaverse. The Zuck Bucks token will come out without a centralized blockchain launch, according to FT reporters.

Zuckerberg wishes to escape the mistake of 2018, when Facebook's ambitions to launch Libra resulted in billions in fines, prosecution by regulators in developed countries, and an investigation by the U.S. Congress. Открыть/Комментировать

2022-04-09 14:04:00 Hydra and bitcoin exchange Garantex fall under U.S. sanctions

The U.S. Treasury Department has imposed sanctions on the darknet marketplace Hydra and the cryptocurrency exchange Garantex.

In addition to the Hydra sanctions, the U.S. Treasury Department's Office of Foreign Assets Control (OFAC) has identified more than 100 cryptocurrency addresses linked to illegal transactions.

"Our actions send a message today to criminals that you cannot hide on the darknet or their forums, and you cannot hide in Russia or anywhere else in the world. In coordination with allies and partners, like Germany and Estonia, we will continue to disrupt these networks," said U.S. Treasury Chief Janet Yellen.

Earlier it became known that the German police confiscated Hydra servers and seized 543 BTC. Открыть/Комментировать

2022-04-08 21:02:02 Forbes added seven new names to the list of crypto-billionaires

Changpeng Zhao, the founder and head of the cryptocurrency exchange Binance, still leads the ranking of cryptocurrency billionaires and is the 19th richest person in the world according to Forbes. Zhao's fortune dropped from an estimated $96 billion to $65 billion in 2021.

Second place went to Sam Bankman-Fried, founder and CEO of the FTX exchange, with a net worth of $24 billion.

Coinbase CEO and founder Brian Armstrong, with his $6.6 billion capital, was third on the ranking agency's list.

FTX co-founder and chief technology officer Gary Wang with $5.6 billion appeared among the newcomers to the rankings.

In addition, South Korean exchange Upbit founder Song Chi-Hyung, whose fortune is reportedly $3.7 billion, appeared in the ranking. Открыть/Комментировать

2022-04-08 17:02:02 Polygon announced a platform for identity verification

Polygon allows you to host an unlimited number of decentralized applications on its infrastructure.

Polygon has so far attracted more than 50 DApps to its secure PoS Ethereum sidechain.

The new project, called Polygon ID, is a platform that can be used to create various identity and trust services, be it birth certificates, driver's licenses or residence permits.

Simply put, Polygon is positioning itself as a means for DeFi solutions, but then what kind of identity can we talk about?
That's the thing, it's absurd. Открыть/Комментировать

2022-04-08 14:02:02 There are 16 fewer whales in the Bitcoin network in a week

During the last week between March 28 and April 3, 2022, as many as 16 major holders (whales) of the flagship cryptocurrency either sold or otherwise reallocated their virtual assets.

Experts stressed that so far this state of affairs has not affected the rate of the leading cryptocurrency, but it is likely that asset transfers by Whales are not the ultimate action.

Analysts expressed the view that in the near future, major holders will sell digital gold and other holders may join them.

Experts stressed that extremely high activity was seen among users who have at least 1,000 BTC in their account. Открыть/Комментировать

2022-04-07 21:00:09 The Sandbox announced a partnership with Ledger

Representatives of The Sandbox have announced that they are now partnering with hardware cryptocurrency wallet Legder.

The post reads as follows:
"This partnership with The Sandbox enables Ledger to launch unique metaverse initiatives for education, security, and support. We will always create new ways to provide security for our users, wherever they are. The LedgerVerse will enable you to learn how to own your keys, protect your assets, and experience Web3 securely"

The $SAND token is currently trading around $3.44 Открыть/Комментировать