Key facts: Polygon has the equivalent of $4.6 billion in tokens on deposit. Justin Bons believes that Polygon could be one of the biggest cryptocurrency scams. Investment specialist Justin Bons came to notice this week for making a lengthy criticism of Polygon. Via Twitter, he expressed his concern due to the insecurity and centralization that this Ethereum sidechain has, thus adding to other accusations that have been made about the same. Justin Bons, who is the founder and CEO of Cyber Capital, one of the first investment managers to launch a cryptocurrency fund, said: “Polygon in its current state is…
Author: Crispin Castillo
Read More
Oracle Red Bull Racing is pleased to announce its partnership with leading cryptocurrency exchange Bybit. In this way, and thanks to a multi-year agreement, Bybit will become the main partner of the Formula 1 team. Founded in March 2018, the bitcoin and token exchange has grown exponentially, now boasting more than six million registered users worldwide. As part of the new deal, Bybit will also be Exclusive Cryptocurrency Exchange Partner of Oracle Red Bull Racing. Bybit and Oracle Red Bull Racing together in the race for technological development The partnership will help fulfill Oracle Red Bull Racing’s mission of increasing…
While US Treasury bond yields have remained at record lows in recent years, bitcoin continues to show strength as a long-term store of value. In 2021, the average return on bonds remained close to 2% and bitcoin ended last year with a return of close to 60%. Bonds have traditionally offered investors a way to diversify away from traditional stocks, leading to a portfolio composition of 60% stocks and 40% bonds. In 2021, bitcoin doubled the returns of traditional stocks, while 60/40 portfolios, on average, They offered 15% return. From the point of view of traditional assets, the 60/40 portfolios,…
The National Cryptocurrency Enforcement Team (NCET) is the name of the new department that will be in charge of investigating crimes carried out with crypto assets in the United States. “The NCET will serve as a focal point for the department’s efforts to address the growth in crime involving these technologies,” said Assistant Attorney General Kenneth A. Polite Jr. of the Justice Department’s Criminal Division. Among the functions that this team will have, will be to identify, investigate, support and prosecute the cases of the department that involve the criminal use of digital assets. However, they will have a special…
The Financial Stability Board (FSB), an international body that monitors and makes recommendations to the Group of 20 (G20) nations on the global financial system, is calling for urgent action to contain the risks posed by cryptocurrencies, such as bitcoin ( BTC), for global financial stability. At report that the agency published yesterday, expresses concerns about the speed with which the cryptocurrency market is evolving. As well suspects there could come a point where crypto assets become a threat for global financial stability. Because Bitcoin emerged as an alternative model to the banking system, the institutions that regulate the financial…
Key facts: The most prominent of the list is LEO, the token of the Bitfinex exchange. Neither Shiba Inu, ether, solana or the Axie Infinity token are saved. The cryptocurrency market usually dances to the beat imposed by bitcoin (BTC). But despite the fact that the main currency of this ecosystem is in the red so far in 2022, some top 100 cryptocurrencies stand out with green numbers. They are few, yes. There are only six altcoins with gains so far this year, while BTC is almost 10% below the market value with which it started this 2022. And none…
Key facts: Today’s difficulty adjustment represents a 4.78% increase from the previous period. Bitcoin mining would remain just as profitable for two weeks, according to estimates. Some achievements are more satisfying when they are more difficult to obtain. The security of Bitcoin is no exception, especially if you look at it from the side of miners, who are facing the highest difficulty adjustment in history this Thursday, February 17. According to data from Coinwarz, the next period of difficulty will be 27.11 trillion, established at block 723,743, which represents an increase of 4.78% compared to the previous period. For its…
Key facts: More than 9.4 million ETH is deposited in the contract to validate the Beacon Chain. In December 2021, the blocked ethers were 8 million, 7.3% of the total. The smart contract in which the ethers (ETH) of the validators of the new Ethereum 2.0 network are deposited already has more than 8% of the total stock of the cryptocurrency. Specifically, the tool ether scan shows that in the contract called “Eth2 Deposit Contract” there are 9,476,066 ETH, an amount that is equivalent to almost a tenth of the total existence of the cryptocurrency. It is also the contract…
Resistance to censorship. That would be the short answer to the question about why the millionaires of Latin America and Spain are exchanging their gold for bitcoin; an answer with a lot of meaning for those who have spent some time unraveling the intertwined fabric of this network, but which may seem somewhat cryptic for those who are just beginning to snoop on it. From CriptoNoticias we delve into this question with Carlos Mosquera, founder and head of strategy at Solidus Group, a company dedicated to the management of digital assets for High Net Worth Individuals and Family Offices. Conversation…