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\n

The owner of this Punk bought his own Cryptopunk and instantly paid back his loan, using smart arbitrage he bought millions of eyes onto his NFT for only $800 in Ethereum Gas Fees.<\/p>\n\n\n\n

Is this purely genius marketing to a not so spectacular Cryptopunk?<\/p>\n","post_title":"What's Behind The $530M CryptoPunk #9998","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptopunk-9998","to_ping":"","pinged":"","post_modified":"2022-03-14 21:05:56","post_modified_gmt":"2022-03-14 10:05:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=1529","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 83 84 85

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

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ADVERTISEMENT
\n

The purchase was made using a flash loan contract, essentially this is a loan that is repaid immediately. <\/p>\n\n\n\n

The owner of this Punk bought his own Cryptopunk and instantly paid back his loan, using smart arbitrage he bought millions of eyes onto his NFT for only $800 in Ethereum Gas Fees.<\/p>\n\n\n\n

Is this purely genius marketing to a not so spectacular Cryptopunk?<\/p>\n","post_title":"What's Behind The $530M CryptoPunk #9998","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptopunk-9998","to_ping":"","pinged":"","post_modified":"2022-03-14 21:05:56","post_modified_gmt":"2022-03-14 10:05:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=1529","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 83 84 85

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Why Would You Buy Your Own NFT?<\/h2>\n\n\n\n

The purchase was made using a flash loan contract, essentially this is a loan that is repaid immediately. <\/p>\n\n\n\n

The owner of this Punk bought his own Cryptopunk and instantly paid back his loan, using smart arbitrage he bought millions of eyes onto his NFT for only $800 in Ethereum Gas Fees.<\/p>\n\n\n\n

Is this purely genius marketing to a not so spectacular Cryptopunk?<\/p>\n","post_title":"What's Behind The $530M CryptoPunk #9998","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptopunk-9998","to_ping":"","pinged":"","post_modified":"2022-03-14 21:05:56","post_modified_gmt":"2022-03-14 10:05:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=1529","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 83 84 85

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n
\nhttps:\/\/twitter.com\/nanexcool\/status\/1453874296812670976\n<\/div><\/figure>\n\n\n\n

Why Would You Buy Your Own NFT?<\/h2>\n\n\n\n

The purchase was made using a flash loan contract, essentially this is a loan that is repaid immediately. <\/p>\n\n\n\n

The owner of this Punk bought his own Cryptopunk and instantly paid back his loan, using smart arbitrage he bought millions of eyes onto his NFT for only $800 in Ethereum Gas Fees.<\/p>\n\n\n\n

Is this purely genius marketing to a not so spectacular Cryptopunk?<\/p>\n","post_title":"What's Behind The $530M CryptoPunk #9998","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptopunk-9998","to_ping":"","pinged":"","post_modified":"2022-03-14 21:05:56","post_modified_gmt":"2022-03-14 10:05:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=1529","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 83 84 85

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

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ADVERTISEMENT
\n

A look at the Ethereum Blockchain Ledger shows that it was nothing more than smart, smart contract trickery.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/nanexcool\/status\/1453874296812670976\n<\/div><\/figure>\n\n\n\n

Why Would You Buy Your Own NFT?<\/h2>\n\n\n\n

The purchase was made using a flash loan contract, essentially this is a loan that is repaid immediately. <\/p>\n\n\n\n

The owner of this Punk bought his own Cryptopunk and instantly paid back his loan, using smart arbitrage he bought millions of eyes onto his NFT for only $800 in Ethereum Gas Fees.<\/p>\n\n\n\n

Is this purely genius marketing to a not so spectacular Cryptopunk?<\/p>\n","post_title":"What's Behind The $530M CryptoPunk #9998","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptopunk-9998","to_ping":"","pinged":"","post_modified":"2022-03-14 21:05:56","post_modified_gmt":"2022-03-14 10:05:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=1529","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 83 84 85

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

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ADVERTISEMENT
\n

Due to the fact this punk lacks desirable features from a collectors perspective, it quickly attracted attention to how it could sell for this sum of money. <\/p>\n\n\n\n

A look at the Ethereum Blockchain Ledger shows that it was nothing more than smart, smart contract trickery.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/nanexcool\/status\/1453874296812670976\n<\/div><\/figure>\n\n\n\n

Why Would You Buy Your Own NFT?<\/h2>\n\n\n\n

The purchase was made using a flash loan contract, essentially this is a loan that is repaid immediately. <\/p>\n\n\n\n

The owner of this Punk bought his own Cryptopunk and instantly paid back his loan, using smart arbitrage he bought millions of eyes onto his NFT for only $800 in Ethereum Gas Fees.<\/p>\n\n\n\n

Is this purely genius marketing to a not so spectacular Cryptopunk?<\/p>\n","post_title":"What's Behind The $530M CryptoPunk #9998","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptopunk-9998","to_ping":"","pinged":"","post_modified":"2022-03-14 21:05:56","post_modified_gmt":"2022-03-14 10:05:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=1529","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 83 84 85

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

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ADVERTISEMENT
\n

Using Rarity<\/a> ranks its Rarity Score at a mere 136.49<\/a>, compared to Punk #7804 which actually sold for $7.57M and has a rarity score of 2329.18<\/a>.<\/p>\n\n\n\n

Due to the fact this punk lacks desirable features from a collectors perspective, it quickly attracted attention to how it could sell for this sum of money. <\/p>\n\n\n\n

A look at the Ethereum Blockchain Ledger shows that it was nothing more than smart, smart contract trickery.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/nanexcool\/status\/1453874296812670976\n<\/div><\/figure>\n\n\n\n

Why Would You Buy Your Own NFT?<\/h2>\n\n\n\n

The purchase was made using a flash loan contract, essentially this is a loan that is repaid immediately. <\/p>\n\n\n\n

The owner of this Punk bought his own Cryptopunk and instantly paid back his loan, using smart arbitrage he bought millions of eyes onto his NFT for only $800 in Ethereum Gas Fees.<\/p>\n\n\n\n

Is this purely genius marketing to a not so spectacular Cryptopunk?<\/p>\n","post_title":"What's Behind The $530M CryptoPunk #9998","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptopunk-9998","to_ping":"","pinged":"","post_modified":"2022-03-14 21:05:56","post_modified_gmt":"2022-03-14 10:05:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=1529","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 83 84 85

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

You may wonder \"What makes this NFT worth half a billion dollars?<\/a>\" and the truth is, not much actually. <\/p>\n\n\n\n

Using Rarity<\/a> ranks its Rarity Score at a mere 136.49<\/a>, compared to Punk #7804 which actually sold for $7.57M and has a rarity score of 2329.18<\/a>.<\/p>\n\n\n\n

Due to the fact this punk lacks desirable features from a collectors perspective, it quickly attracted attention to how it could sell for this sum of money. <\/p>\n\n\n\n

A look at the Ethereum Blockchain Ledger shows that it was nothing more than smart, smart contract trickery.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/nanexcool\/status\/1453874296812670976\n<\/div><\/figure>\n\n\n\n

Why Would You Buy Your Own NFT?<\/h2>\n\n\n\n

The purchase was made using a flash loan contract, essentially this is a loan that is repaid immediately. <\/p>\n\n\n\n

The owner of this Punk bought his own Cryptopunk and instantly paid back his loan, using smart arbitrage he bought millions of eyes onto his NFT for only $800 in Ethereum Gas Fees.<\/p>\n\n\n\n

Is this purely genius marketing to a not so spectacular Cryptopunk?<\/p>\n","post_title":"What's Behind The $530M CryptoPunk #9998","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptopunk-9998","to_ping":"","pinged":"","post_modified":"2022-03-14 21:05:56","post_modified_gmt":"2022-03-14 10:05:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=1529","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 83 84 85

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n
\nhttps:\/\/twitter.com\/cryptopunksbot\/status\/1453872415591829504\n<\/div><\/figure>\n\n\n\n

You may wonder \"What makes this NFT worth half a billion dollars?<\/a>\" and the truth is, not much actually. <\/p>\n\n\n\n

Using Rarity<\/a> ranks its Rarity Score at a mere 136.49<\/a>, compared to Punk #7804 which actually sold for $7.57M and has a rarity score of 2329.18<\/a>.<\/p>\n\n\n\n

Due to the fact this punk lacks desirable features from a collectors perspective, it quickly attracted attention to how it could sell for this sum of money. <\/p>\n\n\n\n

A look at the Ethereum Blockchain Ledger shows that it was nothing more than smart, smart contract trickery.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/nanexcool\/status\/1453874296812670976\n<\/div><\/figure>\n\n\n\n

Why Would You Buy Your Own NFT?<\/h2>\n\n\n\n

The purchase was made using a flash loan contract, essentially this is a loan that is repaid immediately. <\/p>\n\n\n\n

The owner of this Punk bought his own Cryptopunk and instantly paid back his loan, using smart arbitrage he bought millions of eyes onto his NFT for only $800 in Ethereum Gas Fees.<\/p>\n\n\n\n

Is this purely genius marketing to a not so spectacular Cryptopunk?<\/p>\n","post_title":"What's Behind The $530M CryptoPunk #9998","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptopunk-9998","to_ping":"","pinged":"","post_modified":"2022-03-14 21:05:56","post_modified_gmt":"2022-03-14 10:05:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=1529","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 83 84 85

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

A Twitter bot tracking the sales of every CryptoPunk tweeted this on Thursday night shortly after 8 pm. <\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/cryptopunksbot\/status\/1453872415591829504\n<\/div><\/figure>\n\n\n\n

You may wonder \"What makes this NFT worth half a billion dollars?<\/a>\" and the truth is, not much actually. <\/p>\n\n\n\n

Using Rarity<\/a> ranks its Rarity Score at a mere 136.49<\/a>, compared to Punk #7804 which actually sold for $7.57M and has a rarity score of 2329.18<\/a>.<\/p>\n\n\n\n

Due to the fact this punk lacks desirable features from a collectors perspective, it quickly attracted attention to how it could sell for this sum of money. <\/p>\n\n\n\n

A look at the Ethereum Blockchain Ledger shows that it was nothing more than smart, smart contract trickery.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/nanexcool\/status\/1453874296812670976\n<\/div><\/figure>\n\n\n\n

Why Would You Buy Your Own NFT?<\/h2>\n\n\n\n

The purchase was made using a flash loan contract, essentially this is a loan that is repaid immediately. <\/p>\n\n\n\n

The owner of this Punk bought his own Cryptopunk and instantly paid back his loan, using smart arbitrage he bought millions of eyes onto his NFT for only $800 in Ethereum Gas Fees.<\/p>\n\n\n\n

Is this purely genius marketing to a not so spectacular Cryptopunk?<\/p>\n","post_title":"What's Behind The $530M CryptoPunk #9998","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptopunk-9998","to_ping":"","pinged":"","post_modified":"2022-03-14 21:05:56","post_modified_gmt":"2022-03-14 10:05:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=1529","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 83 84 85

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Although, this is no more than just an elaborate hoax. See it is hard to trick people when you buy your own artwork, especially on a public blockchain.<\/p>\n\n\n\n

A Twitter bot tracking the sales of every CryptoPunk tweeted this on Thursday night shortly after 8 pm. <\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/cryptopunksbot\/status\/1453872415591829504\n<\/div><\/figure>\n\n\n\n

You may wonder \"What makes this NFT worth half a billion dollars?<\/a>\" and the truth is, not much actually. <\/p>\n\n\n\n

Using Rarity<\/a> ranks its Rarity Score at a mere 136.49<\/a>, compared to Punk #7804 which actually sold for $7.57M and has a rarity score of 2329.18<\/a>.<\/p>\n\n\n\n

Due to the fact this punk lacks desirable features from a collectors perspective, it quickly attracted attention to how it could sell for this sum of money. <\/p>\n\n\n\n

A look at the Ethereum Blockchain Ledger shows that it was nothing more than smart, smart contract trickery.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/nanexcool\/status\/1453874296812670976\n<\/div><\/figure>\n\n\n\n

Why Would You Buy Your Own NFT?<\/h2>\n\n\n\n

The purchase was made using a flash loan contract, essentially this is a loan that is repaid immediately. <\/p>\n\n\n\n

The owner of this Punk bought his own Cryptopunk and instantly paid back his loan, using smart arbitrage he bought millions of eyes onto his NFT for only $800 in Ethereum Gas Fees.<\/p>\n\n\n\n

Is this purely genius marketing to a not so spectacular Cryptopunk?<\/p>\n","post_title":"What's Behind The $530M CryptoPunk #9998","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptopunk-9998","to_ping":"","pinged":"","post_modified":"2022-03-14 21:05:56","post_modified_gmt":"2022-03-14 10:05:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=1529","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 83 84 85

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

One of the largest art sales in history may have just taken place, CryptoPunk #9888 sold for $530 Million.<\/p>\n\n\n\n

Although, this is no more than just an elaborate hoax. See it is hard to trick people when you buy your own artwork, especially on a public blockchain.<\/p>\n\n\n\n

A Twitter bot tracking the sales of every CryptoPunk tweeted this on Thursday night shortly after 8 pm. <\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/cryptopunksbot\/status\/1453872415591829504\n<\/div><\/figure>\n\n\n\n

You may wonder \"What makes this NFT worth half a billion dollars?<\/a>\" and the truth is, not much actually. <\/p>\n\n\n\n

Using Rarity<\/a> ranks its Rarity Score at a mere 136.49<\/a>, compared to Punk #7804 which actually sold for $7.57M and has a rarity score of 2329.18<\/a>.<\/p>\n\n\n\n

Due to the fact this punk lacks desirable features from a collectors perspective, it quickly attracted attention to how it could sell for this sum of money. <\/p>\n\n\n\n

A look at the Ethereum Blockchain Ledger shows that it was nothing more than smart, smart contract trickery.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/nanexcool\/status\/1453874296812670976\n<\/div><\/figure>\n\n\n\n

Why Would You Buy Your Own NFT?<\/h2>\n\n\n\n

The purchase was made using a flash loan contract, essentially this is a loan that is repaid immediately. <\/p>\n\n\n\n

The owner of this Punk bought his own Cryptopunk and instantly paid back his loan, using smart arbitrage he bought millions of eyes onto his NFT for only $800 in Ethereum Gas Fees.<\/p>\n\n\n\n

Is this purely genius marketing to a not so spectacular Cryptopunk?<\/p>\n","post_title":"What's Behind The $530M CryptoPunk #9998","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptopunk-9998","to_ping":"","pinged":"","post_modified":"2022-03-14 21:05:56","post_modified_gmt":"2022-03-14 10:05:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=1529","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 83 84 85

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

But this process isn't guaranteed, so some people decide to work behind the law and create these illegal mining rigs to bypass the regulations. Sunacrip isn't against cryptocurrencies at all but, when you bypass the law and put the burden on the citizen's power there is obviously backlash.<\/p>\n","post_title":"100s Of Bitcoin Miners Seized By Venezuelan Authorities","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"bitcoin-miners-seized-by-venezuelan-authorities","to_ping":"","pinged":"","post_modified":"2022-01-08 18:50:50","post_modified_gmt":"2022-01-08 07:50:50","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=1601","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":1529,"post_author":"1","post_date":"2021-10-29 17:25:31","post_date_gmt":"2021-10-29 06:25:31","post_content":"\n

One of the largest art sales in history may have just taken place, CryptoPunk #9888 sold for $530 Million.<\/p>\n\n\n\n

Although, this is no more than just an elaborate hoax. See it is hard to trick people when you buy your own artwork, especially on a public blockchain.<\/p>\n\n\n\n

A Twitter bot tracking the sales of every CryptoPunk tweeted this on Thursday night shortly after 8 pm. <\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/cryptopunksbot\/status\/1453872415591829504\n<\/div><\/figure>\n\n\n\n

You may wonder \"What makes this NFT worth half a billion dollars?<\/a>\" and the truth is, not much actually. <\/p>\n\n\n\n

Using Rarity<\/a> ranks its Rarity Score at a mere 136.49<\/a>, compared to Punk #7804 which actually sold for $7.57M and has a rarity score of 2329.18<\/a>.<\/p>\n\n\n\n

Due to the fact this punk lacks desirable features from a collectors perspective, it quickly attracted attention to how it could sell for this sum of money. <\/p>\n\n\n\n

A look at the Ethereum Blockchain Ledger shows that it was nothing more than smart, smart contract trickery.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/nanexcool\/status\/1453874296812670976\n<\/div><\/figure>\n\n\n\n

Why Would You Buy Your Own NFT?<\/h2>\n\n\n\n

The purchase was made using a flash loan contract, essentially this is a loan that is repaid immediately. <\/p>\n\n\n\n

The owner of this Punk bought his own Cryptopunk and instantly paid back his loan, using smart arbitrage he bought millions of eyes onto his NFT for only $800 in Ethereum Gas Fees.<\/p>\n\n\n\n

Is this purely genius marketing to a not so spectacular Cryptopunk?<\/p>\n","post_title":"What's Behind The $530M CryptoPunk #9998","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptopunk-9998","to_ping":"","pinged":"","post_modified":"2022-03-14 21:05:56","post_modified_gmt":"2022-03-14 10:05:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=1529","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 83 84 85

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Working under the laws and regulations, workers with the required permits are allowed to import and commercialize digital mining equipment. Additionally, they can provide cloud mining services and offer hosting services for digital mining.<\/p>\n\n\n\n

But this process isn't guaranteed, so some people decide to work behind the law and create these illegal mining rigs to bypass the regulations. Sunacrip isn't against cryptocurrencies at all but, when you bypass the law and put the burden on the citizen's power there is obviously backlash.<\/p>\n","post_title":"100s Of Bitcoin Miners Seized By Venezuelan Authorities","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"bitcoin-miners-seized-by-venezuelan-authorities","to_ping":"","pinged":"","post_modified":"2022-01-08 18:50:50","post_modified_gmt":"2022-01-08 07:50:50","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=1601","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":1529,"post_author":"1","post_date":"2021-10-29 17:25:31","post_date_gmt":"2021-10-29 06:25:31","post_content":"\n

One of the largest art sales in history may have just taken place, CryptoPunk #9888 sold for $530 Million.<\/p>\n\n\n\n

Although, this is no more than just an elaborate hoax. See it is hard to trick people when you buy your own artwork, especially on a public blockchain.<\/p>\n\n\n\n

A Twitter bot tracking the sales of every CryptoPunk tweeted this on Thursday night shortly after 8 pm. <\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/cryptopunksbot\/status\/1453872415591829504\n<\/div><\/figure>\n\n\n\n

You may wonder \"What makes this NFT worth half a billion dollars?<\/a>\" and the truth is, not much actually. <\/p>\n\n\n\n

Using Rarity<\/a> ranks its Rarity Score at a mere 136.49<\/a>, compared to Punk #7804 which actually sold for $7.57M and has a rarity score of 2329.18<\/a>.<\/p>\n\n\n\n

Due to the fact this punk lacks desirable features from a collectors perspective, it quickly attracted attention to how it could sell for this sum of money. <\/p>\n\n\n\n

A look at the Ethereum Blockchain Ledger shows that it was nothing more than smart, smart contract trickery.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/nanexcool\/status\/1453874296812670976\n<\/div><\/figure>\n\n\n\n

Why Would You Buy Your Own NFT?<\/h2>\n\n\n\n

The purchase was made using a flash loan contract, essentially this is a loan that is repaid immediately. <\/p>\n\n\n\n

The owner of this Punk bought his own Cryptopunk and instantly paid back his loan, using smart arbitrage he bought millions of eyes onto his NFT for only $800 in Ethereum Gas Fees.<\/p>\n\n\n\n

Is this purely genius marketing to a not so spectacular Cryptopunk?<\/p>\n","post_title":"What's Behind The $530M CryptoPunk #9998","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptopunk-9998","to_ping":"","pinged":"","post_modified":"2022-03-14 21:05:56","post_modified_gmt":"2022-03-14 10:05:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=1529","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 83 84 85

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Although mining bitcoin is completely legal in Venezuela, it requires permits from Sunacrip to protect the National Electric System from overload due to the intensive energy consumption these rigs require.<\/p>\n\n\n\n

Working under the laws and regulations, workers with the required permits are allowed to import and commercialize digital mining equipment. Additionally, they can provide cloud mining services and offer hosting services for digital mining.<\/p>\n\n\n\n

But this process isn't guaranteed, so some people decide to work behind the law and create these illegal mining rigs to bypass the regulations. Sunacrip isn't against cryptocurrencies at all but, when you bypass the law and put the burden on the citizen's power there is obviously backlash.<\/p>\n","post_title":"100s Of Bitcoin Miners Seized By Venezuelan Authorities","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"bitcoin-miners-seized-by-venezuelan-authorities","to_ping":"","pinged":"","post_modified":"2022-01-08 18:50:50","post_modified_gmt":"2022-01-08 07:50:50","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=1601","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":1529,"post_author":"1","post_date":"2021-10-29 17:25:31","post_date_gmt":"2021-10-29 06:25:31","post_content":"\n

One of the largest art sales in history may have just taken place, CryptoPunk #9888 sold for $530 Million.<\/p>\n\n\n\n

Although, this is no more than just an elaborate hoax. See it is hard to trick people when you buy your own artwork, especially on a public blockchain.<\/p>\n\n\n\n

A Twitter bot tracking the sales of every CryptoPunk tweeted this on Thursday night shortly after 8 pm. <\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/cryptopunksbot\/status\/1453872415591829504\n<\/div><\/figure>\n\n\n\n

You may wonder \"What makes this NFT worth half a billion dollars?<\/a>\" and the truth is, not much actually. <\/p>\n\n\n\n

Using Rarity<\/a> ranks its Rarity Score at a mere 136.49<\/a>, compared to Punk #7804 which actually sold for $7.57M and has a rarity score of 2329.18<\/a>.<\/p>\n\n\n\n

Due to the fact this punk lacks desirable features from a collectors perspective, it quickly attracted attention to how it could sell for this sum of money. <\/p>\n\n\n\n

A look at the Ethereum Blockchain Ledger shows that it was nothing more than smart, smart contract trickery.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/nanexcool\/status\/1453874296812670976\n<\/div><\/figure>\n\n\n\n

Why Would You Buy Your Own NFT?<\/h2>\n\n\n\n

The purchase was made using a flash loan contract, essentially this is a loan that is repaid immediately. <\/p>\n\n\n\n

The owner of this Punk bought his own Cryptopunk and instantly paid back his loan, using smart arbitrage he bought millions of eyes onto his NFT for only $800 in Ethereum Gas Fees.<\/p>\n\n\n\n

Is this purely genius marketing to a not so spectacular Cryptopunk?<\/p>\n","post_title":"What's Behind The $530M CryptoPunk #9998","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptopunk-9998","to_ping":"","pinged":"","post_modified":"2022-03-14 21:05:56","post_modified_gmt":"2022-03-14 10:05:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=1529","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 83 84 85

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n
\"\"
Dipcpnb offical<\/a><\/figcaption><\/figure><\/div>\n\n\n\n

Although mining bitcoin is completely legal in Venezuela, it requires permits from Sunacrip to protect the National Electric System from overload due to the intensive energy consumption these rigs require.<\/p>\n\n\n\n

Working under the laws and regulations, workers with the required permits are allowed to import and commercialize digital mining equipment. Additionally, they can provide cloud mining services and offer hosting services for digital mining.<\/p>\n\n\n\n

But this process isn't guaranteed, so some people decide to work behind the law and create these illegal mining rigs to bypass the regulations. Sunacrip isn't against cryptocurrencies at all but, when you bypass the law and put the burden on the citizen's power there is obviously backlash.<\/p>\n","post_title":"100s Of Bitcoin Miners Seized By Venezuelan Authorities","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"bitcoin-miners-seized-by-venezuelan-authorities","to_ping":"","pinged":"","post_modified":"2022-01-08 18:50:50","post_modified_gmt":"2022-01-08 07:50:50","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=1601","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":1529,"post_author":"1","post_date":"2021-10-29 17:25:31","post_date_gmt":"2021-10-29 06:25:31","post_content":"\n

One of the largest art sales in history may have just taken place, CryptoPunk #9888 sold for $530 Million.<\/p>\n\n\n\n

Although, this is no more than just an elaborate hoax. See it is hard to trick people when you buy your own artwork, especially on a public blockchain.<\/p>\n\n\n\n

A Twitter bot tracking the sales of every CryptoPunk tweeted this on Thursday night shortly after 8 pm. <\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/cryptopunksbot\/status\/1453872415591829504\n<\/div><\/figure>\n\n\n\n

You may wonder \"What makes this NFT worth half a billion dollars?<\/a>\" and the truth is, not much actually. <\/p>\n\n\n\n

Using Rarity<\/a> ranks its Rarity Score at a mere 136.49<\/a>, compared to Punk #7804 which actually sold for $7.57M and has a rarity score of 2329.18<\/a>.<\/p>\n\n\n\n

Due to the fact this punk lacks desirable features from a collectors perspective, it quickly attracted attention to how it could sell for this sum of money. <\/p>\n\n\n\n

A look at the Ethereum Blockchain Ledger shows that it was nothing more than smart, smart contract trickery.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/nanexcool\/status\/1453874296812670976\n<\/div><\/figure>\n\n\n\n

Why Would You Buy Your Own NFT?<\/h2>\n\n\n\n

The purchase was made using a flash loan contract, essentially this is a loan that is repaid immediately. <\/p>\n\n\n\n

The owner of this Punk bought his own Cryptopunk and instantly paid back his loan, using smart arbitrage he bought millions of eyes onto his NFT for only $800 in Ethereum Gas Fees.<\/p>\n\n\n\n

Is this purely genius marketing to a not so spectacular Cryptopunk?<\/p>\n","post_title":"What's Behind The $530M CryptoPunk #9998","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptopunk-9998","to_ping":"","pinged":"","post_modified":"2022-03-14 21:05:56","post_modified_gmt":"2022-03-14 10:05:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=1529","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 83 84 85

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Sunacrip, the National Superintendency Of Crypto Assets and Related Activities were informed of the above information and looked further into the situation. They found 100s of Bitcoin mining equipment operating without the required permits.<\/p>\n\n\n\n

\"\"
Dipcpnb offical<\/a><\/figcaption><\/figure><\/div>\n\n\n\n

Although mining bitcoin is completely legal in Venezuela, it requires permits from Sunacrip to protect the National Electric System from overload due to the intensive energy consumption these rigs require.<\/p>\n\n\n\n

Working under the laws and regulations, workers with the required permits are allowed to import and commercialize digital mining equipment. Additionally, they can provide cloud mining services and offer hosting services for digital mining.<\/p>\n\n\n\n

But this process isn't guaranteed, so some people decide to work behind the law and create these illegal mining rigs to bypass the regulations. Sunacrip isn't against cryptocurrencies at all but, when you bypass the law and put the burden on the citizen's power there is obviously backlash.<\/p>\n","post_title":"100s Of Bitcoin Miners Seized By Venezuelan Authorities","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"bitcoin-miners-seized-by-venezuelan-authorities","to_ping":"","pinged":"","post_modified":"2022-01-08 18:50:50","post_modified_gmt":"2022-01-08 07:50:50","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=1601","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":1529,"post_author":"1","post_date":"2021-10-29 17:25:31","post_date_gmt":"2021-10-29 06:25:31","post_content":"\n

One of the largest art sales in history may have just taken place, CryptoPunk #9888 sold for $530 Million.<\/p>\n\n\n\n

Although, this is no more than just an elaborate hoax. See it is hard to trick people when you buy your own artwork, especially on a public blockchain.<\/p>\n\n\n\n

A Twitter bot tracking the sales of every CryptoPunk tweeted this on Thursday night shortly after 8 pm. <\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/cryptopunksbot\/status\/1453872415591829504\n<\/div><\/figure>\n\n\n\n

You may wonder \"What makes this NFT worth half a billion dollars?<\/a>\" and the truth is, not much actually. <\/p>\n\n\n\n

Using Rarity<\/a> ranks its Rarity Score at a mere 136.49<\/a>, compared to Punk #7804 which actually sold for $7.57M and has a rarity score of 2329.18<\/a>.<\/p>\n\n\n\n

Due to the fact this punk lacks desirable features from a collectors perspective, it quickly attracted attention to how it could sell for this sum of money. <\/p>\n\n\n\n

A look at the Ethereum Blockchain Ledger shows that it was nothing more than smart, smart contract trickery.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/nanexcool\/status\/1453874296812670976\n<\/div><\/figure>\n\n\n\n

Why Would You Buy Your Own NFT?<\/h2>\n\n\n\n

The purchase was made using a flash loan contract, essentially this is a loan that is repaid immediately. <\/p>\n\n\n\n

The owner of this Punk bought his own Cryptopunk and instantly paid back his loan, using smart arbitrage he bought millions of eyes onto his NFT for only $800 in Ethereum Gas Fees.<\/p>\n\n\n\n

Is this purely genius marketing to a not so spectacular Cryptopunk?<\/p>\n","post_title":"What's Behind The $530M CryptoPunk #9998","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptopunk-9998","to_ping":"","pinged":"","post_modified":"2022-03-14 21:05:56","post_modified_gmt":"2022-03-14 10:05:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=1529","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 83 84 85

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Over 100 miners operating illegally in a Venezuelan farm based in a residential zone have been seized by authorities. Reports<\/a> from Venezuelan outlets state the farm was located due to its overload on the National Electric System in the Palo Verde sector of Miranda State.<\/p>\n\n\n\n

Sunacrip, the National Superintendency Of Crypto Assets and Related Activities were informed of the above information and looked further into the situation. They found 100s of Bitcoin mining equipment operating without the required permits.<\/p>\n\n\n\n

\"\"
Dipcpnb offical<\/a><\/figcaption><\/figure><\/div>\n\n\n\n

Although mining bitcoin is completely legal in Venezuela, it requires permits from Sunacrip to protect the National Electric System from overload due to the intensive energy consumption these rigs require.<\/p>\n\n\n\n

Working under the laws and regulations, workers with the required permits are allowed to import and commercialize digital mining equipment. Additionally, they can provide cloud mining services and offer hosting services for digital mining.<\/p>\n\n\n\n

But this process isn't guaranteed, so some people decide to work behind the law and create these illegal mining rigs to bypass the regulations. Sunacrip isn't against cryptocurrencies at all but, when you bypass the law and put the burden on the citizen's power there is obviously backlash.<\/p>\n","post_title":"100s Of Bitcoin Miners Seized By Venezuelan Authorities","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"bitcoin-miners-seized-by-venezuelan-authorities","to_ping":"","pinged":"","post_modified":"2022-01-08 18:50:50","post_modified_gmt":"2022-01-08 07:50:50","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=1601","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":1529,"post_author":"1","post_date":"2021-10-29 17:25:31","post_date_gmt":"2021-10-29 06:25:31","post_content":"\n

One of the largest art sales in history may have just taken place, CryptoPunk #9888 sold for $530 Million.<\/p>\n\n\n\n

Although, this is no more than just an elaborate hoax. See it is hard to trick people when you buy your own artwork, especially on a public blockchain.<\/p>\n\n\n\n

A Twitter bot tracking the sales of every CryptoPunk tweeted this on Thursday night shortly after 8 pm. <\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/cryptopunksbot\/status\/1453872415591829504\n<\/div><\/figure>\n\n\n\n

You may wonder \"What makes this NFT worth half a billion dollars?<\/a>\" and the truth is, not much actually. <\/p>\n\n\n\n

Using Rarity<\/a> ranks its Rarity Score at a mere 136.49<\/a>, compared to Punk #7804 which actually sold for $7.57M and has a rarity score of 2329.18<\/a>.<\/p>\n\n\n\n

Due to the fact this punk lacks desirable features from a collectors perspective, it quickly attracted attention to how it could sell for this sum of money. <\/p>\n\n\n\n

A look at the Ethereum Blockchain Ledger shows that it was nothing more than smart, smart contract trickery.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/nanexcool\/status\/1453874296812670976\n<\/div><\/figure>\n\n\n\n

Why Would You Buy Your Own NFT?<\/h2>\n\n\n\n

The purchase was made using a flash loan contract, essentially this is a loan that is repaid immediately. <\/p>\n\n\n\n

The owner of this Punk bought his own Cryptopunk and instantly paid back his loan, using smart arbitrage he bought millions of eyes onto his NFT for only $800 in Ethereum Gas Fees.<\/p>\n\n\n\n

Is this purely genius marketing to a not so spectacular Cryptopunk?<\/p>\n","post_title":"What's Behind The $530M CryptoPunk #9998","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptopunk-9998","to_ping":"","pinged":"","post_modified":"2022-03-14 21:05:56","post_modified_gmt":"2022-03-14 10:05:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=1529","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 83 84 85

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Is this a wise move for one of Australias biggest banks and will other worldwide banks follow in their footsteps?<\/p>\n","post_title":"Australia's Commonwealth Bank App To Offer Crypto Trading","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"australias-commonwealth-bank-app-to-offer-crypto-trading","to_ping":"","pinged":"","post_modified":"2022-01-08 18:50:58","post_modified_gmt":"2022-01-08 07:50:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=2232","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":1601,"post_author":"1","post_date":"2021-11-02 14:09:06","post_date_gmt":"2021-11-02 03:09:06","post_content":"\n

Over 100 miners operating illegally in a Venezuelan farm based in a residential zone have been seized by authorities. Reports<\/a> from Venezuelan outlets state the farm was located due to its overload on the National Electric System in the Palo Verde sector of Miranda State.<\/p>\n\n\n\n

Sunacrip, the National Superintendency Of Crypto Assets and Related Activities were informed of the above information and looked further into the situation. They found 100s of Bitcoin mining equipment operating without the required permits.<\/p>\n\n\n\n

\"\"
Dipcpnb offical<\/a><\/figcaption><\/figure><\/div>\n\n\n\n

Although mining bitcoin is completely legal in Venezuela, it requires permits from Sunacrip to protect the National Electric System from overload due to the intensive energy consumption these rigs require.<\/p>\n\n\n\n

Working under the laws and regulations, workers with the required permits are allowed to import and commercialize digital mining equipment. Additionally, they can provide cloud mining services and offer hosting services for digital mining.<\/p>\n\n\n\n

But this process isn't guaranteed, so some people decide to work behind the law and create these illegal mining rigs to bypass the regulations. Sunacrip isn't against cryptocurrencies at all but, when you bypass the law and put the burden on the citizen's power there is obviously backlash.<\/p>\n","post_title":"100s Of Bitcoin Miners Seized By Venezuelan Authorities","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"bitcoin-miners-seized-by-venezuelan-authorities","to_ping":"","pinged":"","post_modified":"2022-01-08 18:50:50","post_modified_gmt":"2022-01-08 07:50:50","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=1601","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":1529,"post_author":"1","post_date":"2021-10-29 17:25:31","post_date_gmt":"2021-10-29 06:25:31","post_content":"\n

One of the largest art sales in history may have just taken place, CryptoPunk #9888 sold for $530 Million.<\/p>\n\n\n\n

Although, this is no more than just an elaborate hoax. See it is hard to trick people when you buy your own artwork, especially on a public blockchain.<\/p>\n\n\n\n

A Twitter bot tracking the sales of every CryptoPunk tweeted this on Thursday night shortly after 8 pm. <\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/cryptopunksbot\/status\/1453872415591829504\n<\/div><\/figure>\n\n\n\n

You may wonder \"What makes this NFT worth half a billion dollars?<\/a>\" and the truth is, not much actually. <\/p>\n\n\n\n

Using Rarity<\/a> ranks its Rarity Score at a mere 136.49<\/a>, compared to Punk #7804 which actually sold for $7.57M and has a rarity score of 2329.18<\/a>.<\/p>\n\n\n\n

Due to the fact this punk lacks desirable features from a collectors perspective, it quickly attracted attention to how it could sell for this sum of money. <\/p>\n\n\n\n

A look at the Ethereum Blockchain Ledger shows that it was nothing more than smart, smart contract trickery.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/nanexcool\/status\/1453874296812670976\n<\/div><\/figure>\n\n\n\n

Why Would You Buy Your Own NFT?<\/h2>\n\n\n\n

The purchase was made using a flash loan contract, essentially this is a loan that is repaid immediately. <\/p>\n\n\n\n

The owner of this Punk bought his own Cryptopunk and instantly paid back his loan, using smart arbitrage he bought millions of eyes onto his NFT for only $800 in Ethereum Gas Fees.<\/p>\n\n\n\n

Is this purely genius marketing to a not so spectacular Cryptopunk?<\/p>\n","post_title":"What's Behind The $530M CryptoPunk #9998","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptopunk-9998","to_ping":"","pinged":"","post_modified":"2022-03-14 21:05:56","post_modified_gmt":"2022-03-14 10:05:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=1529","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 83 84 85

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

The set date for launch isn't until 2022, but Commonwealth Bank plans to conduct a pilot for the platform within the coming weeks.<\/p>\n\n\n\n

Is this a wise move for one of Australias biggest banks and will other worldwide banks follow in their footsteps?<\/p>\n","post_title":"Australia's Commonwealth Bank App To Offer Crypto Trading","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"australias-commonwealth-bank-app-to-offer-crypto-trading","to_ping":"","pinged":"","post_modified":"2022-01-08 18:50:58","post_modified_gmt":"2022-01-08 07:50:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=2232","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":1601,"post_author":"1","post_date":"2021-11-02 14:09:06","post_date_gmt":"2021-11-02 03:09:06","post_content":"\n

Over 100 miners operating illegally in a Venezuelan farm based in a residential zone have been seized by authorities. Reports<\/a> from Venezuelan outlets state the farm was located due to its overload on the National Electric System in the Palo Verde sector of Miranda State.<\/p>\n\n\n\n

Sunacrip, the National Superintendency Of Crypto Assets and Related Activities were informed of the above information and looked further into the situation. They found 100s of Bitcoin mining equipment operating without the required permits.<\/p>\n\n\n\n

\"\"
Dipcpnb offical<\/a><\/figcaption><\/figure><\/div>\n\n\n\n

Although mining bitcoin is completely legal in Venezuela, it requires permits from Sunacrip to protect the National Electric System from overload due to the intensive energy consumption these rigs require.<\/p>\n\n\n\n

Working under the laws and regulations, workers with the required permits are allowed to import and commercialize digital mining equipment. Additionally, they can provide cloud mining services and offer hosting services for digital mining.<\/p>\n\n\n\n

But this process isn't guaranteed, so some people decide to work behind the law and create these illegal mining rigs to bypass the regulations. Sunacrip isn't against cryptocurrencies at all but, when you bypass the law and put the burden on the citizen's power there is obviously backlash.<\/p>\n","post_title":"100s Of Bitcoin Miners Seized By Venezuelan Authorities","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"bitcoin-miners-seized-by-venezuelan-authorities","to_ping":"","pinged":"","post_modified":"2022-01-08 18:50:50","post_modified_gmt":"2022-01-08 07:50:50","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=1601","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":1529,"post_author":"1","post_date":"2021-10-29 17:25:31","post_date_gmt":"2021-10-29 06:25:31","post_content":"\n

One of the largest art sales in history may have just taken place, CryptoPunk #9888 sold for $530 Million.<\/p>\n\n\n\n

Although, this is no more than just an elaborate hoax. See it is hard to trick people when you buy your own artwork, especially on a public blockchain.<\/p>\n\n\n\n

A Twitter bot tracking the sales of every CryptoPunk tweeted this on Thursday night shortly after 8 pm. <\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/cryptopunksbot\/status\/1453872415591829504\n<\/div><\/figure>\n\n\n\n

You may wonder \"What makes this NFT worth half a billion dollars?<\/a>\" and the truth is, not much actually. <\/p>\n\n\n\n

Using Rarity<\/a> ranks its Rarity Score at a mere 136.49<\/a>, compared to Punk #7804 which actually sold for $7.57M and has a rarity score of 2329.18<\/a>.<\/p>\n\n\n\n

Due to the fact this punk lacks desirable features from a collectors perspective, it quickly attracted attention to how it could sell for this sum of money. <\/p>\n\n\n\n

A look at the Ethereum Blockchain Ledger shows that it was nothing more than smart, smart contract trickery.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/nanexcool\/status\/1453874296812670976\n<\/div><\/figure>\n\n\n\n

Why Would You Buy Your Own NFT?<\/h2>\n\n\n\n

The purchase was made using a flash loan contract, essentially this is a loan that is repaid immediately. <\/p>\n\n\n\n

The owner of this Punk bought his own Cryptopunk and instantly paid back his loan, using smart arbitrage he bought millions of eyes onto his NFT for only $800 in Ethereum Gas Fees.<\/p>\n\n\n\n

Is this purely genius marketing to a not so spectacular Cryptopunk?<\/p>\n","post_title":"What's Behind The $530M CryptoPunk #9998","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptopunk-9998","to_ping":"","pinged":"","post_modified":"2022-03-14 21:05:56","post_modified_gmt":"2022-03-14 10:05:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=1529","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 83 84 85

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

The partnership will offer CommBank users access to 10 cryptocurrency assets including, Bitcoin, Ethereum, Litecoin, and Bitcoin Cash.<\/p>\n\n\n\n

The set date for launch isn't until 2022, but Commonwealth Bank plans to conduct a pilot for the platform within the coming weeks.<\/p>\n\n\n\n

Is this a wise move for one of Australias biggest banks and will other worldwide banks follow in their footsteps?<\/p>\n","post_title":"Australia's Commonwealth Bank App To Offer Crypto Trading","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"australias-commonwealth-bank-app-to-offer-crypto-trading","to_ping":"","pinged":"","post_modified":"2022-01-08 18:50:58","post_modified_gmt":"2022-01-08 07:50:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=2232","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":1601,"post_author":"1","post_date":"2021-11-02 14:09:06","post_date_gmt":"2021-11-02 03:09:06","post_content":"\n

Over 100 miners operating illegally in a Venezuelan farm based in a residential zone have been seized by authorities. Reports<\/a> from Venezuelan outlets state the farm was located due to its overload on the National Electric System in the Palo Verde sector of Miranda State.<\/p>\n\n\n\n

Sunacrip, the National Superintendency Of Crypto Assets and Related Activities were informed of the above information and looked further into the situation. They found 100s of Bitcoin mining equipment operating without the required permits.<\/p>\n\n\n\n

\"\"
Dipcpnb offical<\/a><\/figcaption><\/figure><\/div>\n\n\n\n

Although mining bitcoin is completely legal in Venezuela, it requires permits from Sunacrip to protect the National Electric System from overload due to the intensive energy consumption these rigs require.<\/p>\n\n\n\n

Working under the laws and regulations, workers with the required permits are allowed to import and commercialize digital mining equipment. Additionally, they can provide cloud mining services and offer hosting services for digital mining.<\/p>\n\n\n\n

But this process isn't guaranteed, so some people decide to work behind the law and create these illegal mining rigs to bypass the regulations. Sunacrip isn't against cryptocurrencies at all but, when you bypass the law and put the burden on the citizen's power there is obviously backlash.<\/p>\n","post_title":"100s Of Bitcoin Miners Seized By Venezuelan Authorities","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"bitcoin-miners-seized-by-venezuelan-authorities","to_ping":"","pinged":"","post_modified":"2022-01-08 18:50:50","post_modified_gmt":"2022-01-08 07:50:50","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=1601","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":1529,"post_author":"1","post_date":"2021-10-29 17:25:31","post_date_gmt":"2021-10-29 06:25:31","post_content":"\n

One of the largest art sales in history may have just taken place, CryptoPunk #9888 sold for $530 Million.<\/p>\n\n\n\n

Although, this is no more than just an elaborate hoax. See it is hard to trick people when you buy your own artwork, especially on a public blockchain.<\/p>\n\n\n\n

A Twitter bot tracking the sales of every CryptoPunk tweeted this on Thursday night shortly after 8 pm. <\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/cryptopunksbot\/status\/1453872415591829504\n<\/div><\/figure>\n\n\n\n

You may wonder \"What makes this NFT worth half a billion dollars?<\/a>\" and the truth is, not much actually. <\/p>\n\n\n\n

Using Rarity<\/a> ranks its Rarity Score at a mere 136.49<\/a>, compared to Punk #7804 which actually sold for $7.57M and has a rarity score of 2329.18<\/a>.<\/p>\n\n\n\n

Due to the fact this punk lacks desirable features from a collectors perspective, it quickly attracted attention to how it could sell for this sum of money. <\/p>\n\n\n\n

A look at the Ethereum Blockchain Ledger shows that it was nothing more than smart, smart contract trickery.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/nanexcool\/status\/1453874296812670976\n<\/div><\/figure>\n\n\n\n

Why Would You Buy Your Own NFT?<\/h2>\n\n\n\n

The purchase was made using a flash loan contract, essentially this is a loan that is repaid immediately. <\/p>\n\n\n\n

The owner of this Punk bought his own Cryptopunk and instantly paid back his loan, using smart arbitrage he bought millions of eyes onto his NFT for only $800 in Ethereum Gas Fees.<\/p>\n\n\n\n

Is this purely genius marketing to a not so spectacular Cryptopunk?<\/p>\n","post_title":"What's Behind The $530M CryptoPunk #9998","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptopunk-9998","to_ping":"","pinged":"","post_modified":"2022-03-14 21:05:56","post_modified_gmt":"2022-03-14 10:05:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=1529","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 83 84 85

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n
\nhttps:\/\/twitter.com\/CommBank\/status\/1455688027800432644\n<\/div><\/figure>\n\n\n\n

The partnership will offer CommBank users access to 10 cryptocurrency assets including, Bitcoin, Ethereum, Litecoin, and Bitcoin Cash.<\/p>\n\n\n\n

The set date for launch isn't until 2022, but Commonwealth Bank plans to conduct a pilot for the platform within the coming weeks.<\/p>\n\n\n\n

Is this a wise move for one of Australias biggest banks and will other worldwide banks follow in their footsteps?<\/p>\n","post_title":"Australia's Commonwealth Bank App To Offer Crypto Trading","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"australias-commonwealth-bank-app-to-offer-crypto-trading","to_ping":"","pinged":"","post_modified":"2022-01-08 18:50:58","post_modified_gmt":"2022-01-08 07:50:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=2232","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":1601,"post_author":"1","post_date":"2021-11-02 14:09:06","post_date_gmt":"2021-11-02 03:09:06","post_content":"\n

Over 100 miners operating illegally in a Venezuelan farm based in a residential zone have been seized by authorities. Reports<\/a> from Venezuelan outlets state the farm was located due to its overload on the National Electric System in the Palo Verde sector of Miranda State.<\/p>\n\n\n\n

Sunacrip, the National Superintendency Of Crypto Assets and Related Activities were informed of the above information and looked further into the situation. They found 100s of Bitcoin mining equipment operating without the required permits.<\/p>\n\n\n\n

\"\"
Dipcpnb offical<\/a><\/figcaption><\/figure><\/div>\n\n\n\n

Although mining bitcoin is completely legal in Venezuela, it requires permits from Sunacrip to protect the National Electric System from overload due to the intensive energy consumption these rigs require.<\/p>\n\n\n\n

Working under the laws and regulations, workers with the required permits are allowed to import and commercialize digital mining equipment. Additionally, they can provide cloud mining services and offer hosting services for digital mining.<\/p>\n\n\n\n

But this process isn't guaranteed, so some people decide to work behind the law and create these illegal mining rigs to bypass the regulations. Sunacrip isn't against cryptocurrencies at all but, when you bypass the law and put the burden on the citizen's power there is obviously backlash.<\/p>\n","post_title":"100s Of Bitcoin Miners Seized By Venezuelan Authorities","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"bitcoin-miners-seized-by-venezuelan-authorities","to_ping":"","pinged":"","post_modified":"2022-01-08 18:50:50","post_modified_gmt":"2022-01-08 07:50:50","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=1601","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":1529,"post_author":"1","post_date":"2021-10-29 17:25:31","post_date_gmt":"2021-10-29 06:25:31","post_content":"\n

One of the largest art sales in history may have just taken place, CryptoPunk #9888 sold for $530 Million.<\/p>\n\n\n\n

Although, this is no more than just an elaborate hoax. See it is hard to trick people when you buy your own artwork, especially on a public blockchain.<\/p>\n\n\n\n

A Twitter bot tracking the sales of every CryptoPunk tweeted this on Thursday night shortly after 8 pm. <\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/cryptopunksbot\/status\/1453872415591829504\n<\/div><\/figure>\n\n\n\n

You may wonder \"What makes this NFT worth half a billion dollars?<\/a>\" and the truth is, not much actually. <\/p>\n\n\n\n

Using Rarity<\/a> ranks its Rarity Score at a mere 136.49<\/a>, compared to Punk #7804 which actually sold for $7.57M and has a rarity score of 2329.18<\/a>.<\/p>\n\n\n\n

Due to the fact this punk lacks desirable features from a collectors perspective, it quickly attracted attention to how it could sell for this sum of money. <\/p>\n\n\n\n

A look at the Ethereum Blockchain Ledger shows that it was nothing more than smart, smart contract trickery.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/nanexcool\/status\/1453874296812670976\n<\/div><\/figure>\n\n\n\n

Why Would You Buy Your Own NFT?<\/h2>\n\n\n\n

The purchase was made using a flash loan contract, essentially this is a loan that is repaid immediately. <\/p>\n\n\n\n

The owner of this Punk bought his own Cryptopunk and instantly paid back his loan, using smart arbitrage he bought millions of eyes onto his NFT for only $800 in Ethereum Gas Fees.<\/p>\n\n\n\n

Is this purely genius marketing to a not so spectacular Cryptopunk?<\/p>\n","post_title":"What's Behind The $530M CryptoPunk #9998","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptopunk-9998","to_ping":"","pinged":"","post_modified":"2022-03-14 21:05:56","post_modified_gmt":"2022-03-14 10:05:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=1529","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 83 84 85

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

The past Wednesday, Commonwealth Bank announced its partnership with crypto exchange, Gemini, and Blockchain analysis firm, Chainalysis, to offer the service to over 6.5m Australians.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/CommBank\/status\/1455688027800432644\n<\/div><\/figure>\n\n\n\n

The partnership will offer CommBank users access to 10 cryptocurrency assets including, Bitcoin, Ethereum, Litecoin, and Bitcoin Cash.<\/p>\n\n\n\n

The set date for launch isn't until 2022, but Commonwealth Bank plans to conduct a pilot for the platform within the coming weeks.<\/p>\n\n\n\n

Is this a wise move for one of Australias biggest banks and will other worldwide banks follow in their footsteps?<\/p>\n","post_title":"Australia's Commonwealth Bank App To Offer Crypto Trading","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"australias-commonwealth-bank-app-to-offer-crypto-trading","to_ping":"","pinged":"","post_modified":"2022-01-08 18:50:58","post_modified_gmt":"2022-01-08 07:50:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=2232","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":1601,"post_author":"1","post_date":"2021-11-02 14:09:06","post_date_gmt":"2021-11-02 03:09:06","post_content":"\n

Over 100 miners operating illegally in a Venezuelan farm based in a residential zone have been seized by authorities. Reports<\/a> from Venezuelan outlets state the farm was located due to its overload on the National Electric System in the Palo Verde sector of Miranda State.<\/p>\n\n\n\n

Sunacrip, the National Superintendency Of Crypto Assets and Related Activities were informed of the above information and looked further into the situation. They found 100s of Bitcoin mining equipment operating without the required permits.<\/p>\n\n\n\n

\"\"
Dipcpnb offical<\/a><\/figcaption><\/figure><\/div>\n\n\n\n

Although mining bitcoin is completely legal in Venezuela, it requires permits from Sunacrip to protect the National Electric System from overload due to the intensive energy consumption these rigs require.<\/p>\n\n\n\n

Working under the laws and regulations, workers with the required permits are allowed to import and commercialize digital mining equipment. Additionally, they can provide cloud mining services and offer hosting services for digital mining.<\/p>\n\n\n\n

But this process isn't guaranteed, so some people decide to work behind the law and create these illegal mining rigs to bypass the regulations. Sunacrip isn't against cryptocurrencies at all but, when you bypass the law and put the burden on the citizen's power there is obviously backlash.<\/p>\n","post_title":"100s Of Bitcoin Miners Seized By Venezuelan Authorities","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"bitcoin-miners-seized-by-venezuelan-authorities","to_ping":"","pinged":"","post_modified":"2022-01-08 18:50:50","post_modified_gmt":"2022-01-08 07:50:50","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=1601","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":1529,"post_author":"1","post_date":"2021-10-29 17:25:31","post_date_gmt":"2021-10-29 06:25:31","post_content":"\n

One of the largest art sales in history may have just taken place, CryptoPunk #9888 sold for $530 Million.<\/p>\n\n\n\n

Although, this is no more than just an elaborate hoax. See it is hard to trick people when you buy your own artwork, especially on a public blockchain.<\/p>\n\n\n\n

A Twitter bot tracking the sales of every CryptoPunk tweeted this on Thursday night shortly after 8 pm. <\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/cryptopunksbot\/status\/1453872415591829504\n<\/div><\/figure>\n\n\n\n

You may wonder \"What makes this NFT worth half a billion dollars?<\/a>\" and the truth is, not much actually. <\/p>\n\n\n\n

Using Rarity<\/a> ranks its Rarity Score at a mere 136.49<\/a>, compared to Punk #7804 which actually sold for $7.57M and has a rarity score of 2329.18<\/a>.<\/p>\n\n\n\n

Due to the fact this punk lacks desirable features from a collectors perspective, it quickly attracted attention to how it could sell for this sum of money. <\/p>\n\n\n\n

A look at the Ethereum Blockchain Ledger shows that it was nothing more than smart, smart contract trickery.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/nanexcool\/status\/1453874296812670976\n<\/div><\/figure>\n\n\n\n

Why Would You Buy Your Own NFT?<\/h2>\n\n\n\n

The purchase was made using a flash loan contract, essentially this is a loan that is repaid immediately. <\/p>\n\n\n\n

The owner of this Punk bought his own Cryptopunk and instantly paid back his loan, using smart arbitrage he bought millions of eyes onto his NFT for only $800 in Ethereum Gas Fees.<\/p>\n\n\n\n

Is this purely genius marketing to a not so spectacular Cryptopunk?<\/p>\n","post_title":"What's Behind The $530M CryptoPunk #9998","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptopunk-9998","to_ping":"","pinged":"","post_modified":"2022-03-14 21:05:56","post_modified_gmt":"2022-03-14 10:05:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=1529","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 83 84 85

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

The Commonwealth Bank<\/a> will allow users of its app to buy and sell cryptocurrencies, a first for any major Australian bank.<\/p>\n\n\n\n

The past Wednesday, Commonwealth Bank announced its partnership with crypto exchange, Gemini, and Blockchain analysis firm, Chainalysis, to offer the service to over 6.5m Australians.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/CommBank\/status\/1455688027800432644\n<\/div><\/figure>\n\n\n\n

The partnership will offer CommBank users access to 10 cryptocurrency assets including, Bitcoin, Ethereum, Litecoin, and Bitcoin Cash.<\/p>\n\n\n\n

The set date for launch isn't until 2022, but Commonwealth Bank plans to conduct a pilot for the platform within the coming weeks.<\/p>\n\n\n\n

Is this a wise move for one of Australias biggest banks and will other worldwide banks follow in their footsteps?<\/p>\n","post_title":"Australia's Commonwealth Bank App To Offer Crypto Trading","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"australias-commonwealth-bank-app-to-offer-crypto-trading","to_ping":"","pinged":"","post_modified":"2022-01-08 18:50:58","post_modified_gmt":"2022-01-08 07:50:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=2232","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":1601,"post_author":"1","post_date":"2021-11-02 14:09:06","post_date_gmt":"2021-11-02 03:09:06","post_content":"\n

Over 100 miners operating illegally in a Venezuelan farm based in a residential zone have been seized by authorities. Reports<\/a> from Venezuelan outlets state the farm was located due to its overload on the National Electric System in the Palo Verde sector of Miranda State.<\/p>\n\n\n\n

Sunacrip, the National Superintendency Of Crypto Assets and Related Activities were informed of the above information and looked further into the situation. They found 100s of Bitcoin mining equipment operating without the required permits.<\/p>\n\n\n\n

\"\"
Dipcpnb offical<\/a><\/figcaption><\/figure><\/div>\n\n\n\n

Although mining bitcoin is completely legal in Venezuela, it requires permits from Sunacrip to protect the National Electric System from overload due to the intensive energy consumption these rigs require.<\/p>\n\n\n\n

Working under the laws and regulations, workers with the required permits are allowed to import and commercialize digital mining equipment. Additionally, they can provide cloud mining services and offer hosting services for digital mining.<\/p>\n\n\n\n

But this process isn't guaranteed, so some people decide to work behind the law and create these illegal mining rigs to bypass the regulations. Sunacrip isn't against cryptocurrencies at all but, when you bypass the law and put the burden on the citizen's power there is obviously backlash.<\/p>\n","post_title":"100s Of Bitcoin Miners Seized By Venezuelan Authorities","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"bitcoin-miners-seized-by-venezuelan-authorities","to_ping":"","pinged":"","post_modified":"2022-01-08 18:50:50","post_modified_gmt":"2022-01-08 07:50:50","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=1601","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":1529,"post_author":"1","post_date":"2021-10-29 17:25:31","post_date_gmt":"2021-10-29 06:25:31","post_content":"\n

One of the largest art sales in history may have just taken place, CryptoPunk #9888 sold for $530 Million.<\/p>\n\n\n\n

Although, this is no more than just an elaborate hoax. See it is hard to trick people when you buy your own artwork, especially on a public blockchain.<\/p>\n\n\n\n

A Twitter bot tracking the sales of every CryptoPunk tweeted this on Thursday night shortly after 8 pm. <\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/cryptopunksbot\/status\/1453872415591829504\n<\/div><\/figure>\n\n\n\n

You may wonder \"What makes this NFT worth half a billion dollars?<\/a>\" and the truth is, not much actually. <\/p>\n\n\n\n

Using Rarity<\/a> ranks its Rarity Score at a mere 136.49<\/a>, compared to Punk #7804 which actually sold for $7.57M and has a rarity score of 2329.18<\/a>.<\/p>\n\n\n\n

Due to the fact this punk lacks desirable features from a collectors perspective, it quickly attracted attention to how it could sell for this sum of money. <\/p>\n\n\n\n

A look at the Ethereum Blockchain Ledger shows that it was nothing more than smart, smart contract trickery.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/nanexcool\/status\/1453874296812670976\n<\/div><\/figure>\n\n\n\n

Why Would You Buy Your Own NFT?<\/h2>\n\n\n\n

The purchase was made using a flash loan contract, essentially this is a loan that is repaid immediately. <\/p>\n\n\n\n

The owner of this Punk bought his own Cryptopunk and instantly paid back his loan, using smart arbitrage he bought millions of eyes onto his NFT for only $800 in Ethereum Gas Fees.<\/p>\n\n\n\n

Is this purely genius marketing to a not so spectacular Cryptopunk?<\/p>\n","post_title":"What's Behind The $530M CryptoPunk #9998","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptopunk-9998","to_ping":"","pinged":"","post_modified":"2022-03-14 21:05:56","post_modified_gmt":"2022-03-14 10:05:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=1529","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 83 84 85

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n


The Avalanche team combines both Ethereum Virtual Machine (EVM) compatibility and Solidify to speed up transactions and enable Ethereum developers to move their applications over to the network, Ardoino added.<\/p>\n","post_title":"Tether's Blockchain Expands After USDT Goes Live On Avalanche","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"tethers-blockchain-goes-live-on-avalanche","to_ping":"","pinged":"","post_modified":"2023-04-30 21:41:34","post_modified_gmt":"2023-04-30 11:41:34","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=2268","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":2232,"post_author":"1","post_date":"2021-11-03 22:56:14","post_date_gmt":"2021-11-03 11:56:14","post_content":"\n

The Commonwealth Bank<\/a> will allow users of its app to buy and sell cryptocurrencies, a first for any major Australian bank.<\/p>\n\n\n\n

The past Wednesday, Commonwealth Bank announced its partnership with crypto exchange, Gemini, and Blockchain analysis firm, Chainalysis, to offer the service to over 6.5m Australians.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/CommBank\/status\/1455688027800432644\n<\/div><\/figure>\n\n\n\n

The partnership will offer CommBank users access to 10 cryptocurrency assets including, Bitcoin, Ethereum, Litecoin, and Bitcoin Cash.<\/p>\n\n\n\n

The set date for launch isn't until 2022, but Commonwealth Bank plans to conduct a pilot for the platform within the coming weeks.<\/p>\n\n\n\n

Is this a wise move for one of Australias biggest banks and will other worldwide banks follow in their footsteps?<\/p>\n","post_title":"Australia's Commonwealth Bank App To Offer Crypto Trading","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"australias-commonwealth-bank-app-to-offer-crypto-trading","to_ping":"","pinged":"","post_modified":"2022-01-08 18:50:58","post_modified_gmt":"2022-01-08 07:50:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=2232","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":1601,"post_author":"1","post_date":"2021-11-02 14:09:06","post_date_gmt":"2021-11-02 03:09:06","post_content":"\n

Over 100 miners operating illegally in a Venezuelan farm based in a residential zone have been seized by authorities. Reports<\/a> from Venezuelan outlets state the farm was located due to its overload on the National Electric System in the Palo Verde sector of Miranda State.<\/p>\n\n\n\n

Sunacrip, the National Superintendency Of Crypto Assets and Related Activities were informed of the above information and looked further into the situation. They found 100s of Bitcoin mining equipment operating without the required permits.<\/p>\n\n\n\n

\"\"
Dipcpnb offical<\/a><\/figcaption><\/figure><\/div>\n\n\n\n

Although mining bitcoin is completely legal in Venezuela, it requires permits from Sunacrip to protect the National Electric System from overload due to the intensive energy consumption these rigs require.<\/p>\n\n\n\n

Working under the laws and regulations, workers with the required permits are allowed to import and commercialize digital mining equipment. Additionally, they can provide cloud mining services and offer hosting services for digital mining.<\/p>\n\n\n\n

But this process isn't guaranteed, so some people decide to work behind the law and create these illegal mining rigs to bypass the regulations. Sunacrip isn't against cryptocurrencies at all but, when you bypass the law and put the burden on the citizen's power there is obviously backlash.<\/p>\n","post_title":"100s Of Bitcoin Miners Seized By Venezuelan Authorities","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"bitcoin-miners-seized-by-venezuelan-authorities","to_ping":"","pinged":"","post_modified":"2022-01-08 18:50:50","post_modified_gmt":"2022-01-08 07:50:50","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=1601","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":1529,"post_author":"1","post_date":"2021-10-29 17:25:31","post_date_gmt":"2021-10-29 06:25:31","post_content":"\n

One of the largest art sales in history may have just taken place, CryptoPunk #9888 sold for $530 Million.<\/p>\n\n\n\n

Although, this is no more than just an elaborate hoax. See it is hard to trick people when you buy your own artwork, especially on a public blockchain.<\/p>\n\n\n\n

A Twitter bot tracking the sales of every CryptoPunk tweeted this on Thursday night shortly after 8 pm. <\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/cryptopunksbot\/status\/1453872415591829504\n<\/div><\/figure>\n\n\n\n

You may wonder \"What makes this NFT worth half a billion dollars?<\/a>\" and the truth is, not much actually. <\/p>\n\n\n\n

Using Rarity<\/a> ranks its Rarity Score at a mere 136.49<\/a>, compared to Punk #7804 which actually sold for $7.57M and has a rarity score of 2329.18<\/a>.<\/p>\n\n\n\n

Due to the fact this punk lacks desirable features from a collectors perspective, it quickly attracted attention to how it could sell for this sum of money. <\/p>\n\n\n\n

A look at the Ethereum Blockchain Ledger shows that it was nothing more than smart, smart contract trickery.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/nanexcool\/status\/1453874296812670976\n<\/div><\/figure>\n\n\n\n

Why Would You Buy Your Own NFT?<\/h2>\n\n\n\n

The purchase was made using a flash loan contract, essentially this is a loan that is repaid immediately. <\/p>\n\n\n\n

The owner of this Punk bought his own Cryptopunk and instantly paid back his loan, using smart arbitrage he bought millions of eyes onto his NFT for only $800 in Ethereum Gas Fees.<\/p>\n\n\n\n

Is this purely genius marketing to a not so spectacular Cryptopunk?<\/p>\n","post_title":"What's Behind The $530M CryptoPunk #9998","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptopunk-9998","to_ping":"","pinged":"","post_modified":"2022-03-14 21:05:56","post_modified_gmt":"2022-03-14 10:05:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=1529","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 83 84 85

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n


Avalanche is an open-source network that allows decentralized application developers to deploy dApps without incurring high costs in the process.<\/p>\n\n\n\n


The Avalanche team combines both Ethereum Virtual Machine (EVM) compatibility and Solidify to speed up transactions and enable Ethereum developers to move their applications over to the network, Ardoino added.<\/p>\n","post_title":"Tether's Blockchain Expands After USDT Goes Live On Avalanche","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"tethers-blockchain-goes-live-on-avalanche","to_ping":"","pinged":"","post_modified":"2023-04-30 21:41:34","post_modified_gmt":"2023-04-30 11:41:34","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=2268","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":2232,"post_author":"1","post_date":"2021-11-03 22:56:14","post_date_gmt":"2021-11-03 11:56:14","post_content":"\n

The Commonwealth Bank<\/a> will allow users of its app to buy and sell cryptocurrencies, a first for any major Australian bank.<\/p>\n\n\n\n

The past Wednesday, Commonwealth Bank announced its partnership with crypto exchange, Gemini, and Blockchain analysis firm, Chainalysis, to offer the service to over 6.5m Australians.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/CommBank\/status\/1455688027800432644\n<\/div><\/figure>\n\n\n\n

The partnership will offer CommBank users access to 10 cryptocurrency assets including, Bitcoin, Ethereum, Litecoin, and Bitcoin Cash.<\/p>\n\n\n\n

The set date for launch isn't until 2022, but Commonwealth Bank plans to conduct a pilot for the platform within the coming weeks.<\/p>\n\n\n\n

Is this a wise move for one of Australias biggest banks and will other worldwide banks follow in their footsteps?<\/p>\n","post_title":"Australia's Commonwealth Bank App To Offer Crypto Trading","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"australias-commonwealth-bank-app-to-offer-crypto-trading","to_ping":"","pinged":"","post_modified":"2022-01-08 18:50:58","post_modified_gmt":"2022-01-08 07:50:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=2232","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":1601,"post_author":"1","post_date":"2021-11-02 14:09:06","post_date_gmt":"2021-11-02 03:09:06","post_content":"\n

Over 100 miners operating illegally in a Venezuelan farm based in a residential zone have been seized by authorities. Reports<\/a> from Venezuelan outlets state the farm was located due to its overload on the National Electric System in the Palo Verde sector of Miranda State.<\/p>\n\n\n\n

Sunacrip, the National Superintendency Of Crypto Assets and Related Activities were informed of the above information and looked further into the situation. They found 100s of Bitcoin mining equipment operating without the required permits.<\/p>\n\n\n\n

\"\"
Dipcpnb offical<\/a><\/figcaption><\/figure><\/div>\n\n\n\n

Although mining bitcoin is completely legal in Venezuela, it requires permits from Sunacrip to protect the National Electric System from overload due to the intensive energy consumption these rigs require.<\/p>\n\n\n\n

Working under the laws and regulations, workers with the required permits are allowed to import and commercialize digital mining equipment. Additionally, they can provide cloud mining services and offer hosting services for digital mining.<\/p>\n\n\n\n

But this process isn't guaranteed, so some people decide to work behind the law and create these illegal mining rigs to bypass the regulations. Sunacrip isn't against cryptocurrencies at all but, when you bypass the law and put the burden on the citizen's power there is obviously backlash.<\/p>\n","post_title":"100s Of Bitcoin Miners Seized By Venezuelan Authorities","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"bitcoin-miners-seized-by-venezuelan-authorities","to_ping":"","pinged":"","post_modified":"2022-01-08 18:50:50","post_modified_gmt":"2022-01-08 07:50:50","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=1601","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":1529,"post_author":"1","post_date":"2021-10-29 17:25:31","post_date_gmt":"2021-10-29 06:25:31","post_content":"\n

One of the largest art sales in history may have just taken place, CryptoPunk #9888 sold for $530 Million.<\/p>\n\n\n\n

Although, this is no more than just an elaborate hoax. See it is hard to trick people when you buy your own artwork, especially on a public blockchain.<\/p>\n\n\n\n

A Twitter bot tracking the sales of every CryptoPunk tweeted this on Thursday night shortly after 8 pm. <\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/cryptopunksbot\/status\/1453872415591829504\n<\/div><\/figure>\n\n\n\n

You may wonder \"What makes this NFT worth half a billion dollars?<\/a>\" and the truth is, not much actually. <\/p>\n\n\n\n

Using Rarity<\/a> ranks its Rarity Score at a mere 136.49<\/a>, compared to Punk #7804 which actually sold for $7.57M and has a rarity score of 2329.18<\/a>.<\/p>\n\n\n\n

Due to the fact this punk lacks desirable features from a collectors perspective, it quickly attracted attention to how it could sell for this sum of money. <\/p>\n\n\n\n

A look at the Ethereum Blockchain Ledger shows that it was nothing more than smart, smart contract trickery.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/nanexcool\/status\/1453874296812670976\n<\/div><\/figure>\n\n\n\n

Why Would You Buy Your Own NFT?<\/h2>\n\n\n\n

The purchase was made using a flash loan contract, essentially this is a loan that is repaid immediately. <\/p>\n\n\n\n

The owner of this Punk bought his own Cryptopunk and instantly paid back his loan, using smart arbitrage he bought millions of eyes onto his NFT for only $800 in Ethereum Gas Fees.<\/p>\n\n\n\n

Is this purely genius marketing to a not so spectacular Cryptopunk?<\/p>\n","post_title":"What's Behind The $530M CryptoPunk #9998","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptopunk-9998","to_ping":"","pinged":"","post_modified":"2022-03-14 21:05:56","post_modified_gmt":"2022-03-14 10:05:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=1529","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 83 84 85

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Tether chose to launch its stable coin on Avalanche because the network is one of the biggest blockchains at the moment, offering users lots of opportunities, such as faster settlement, low-cost transactions, and a platform to build and host decentralized applications.<\/p>\n\n\n\n


Avalanche is an open-source network that allows decentralized application developers to deploy dApps without incurring high costs in the process.<\/p>\n\n\n\n


The Avalanche team combines both Ethereum Virtual Machine (EVM) compatibility and Solidify to speed up transactions and enable Ethereum developers to move their applications over to the network, Ardoino added.<\/p>\n","post_title":"Tether's Blockchain Expands After USDT Goes Live On Avalanche","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"tethers-blockchain-goes-live-on-avalanche","to_ping":"","pinged":"","post_modified":"2023-04-30 21:41:34","post_modified_gmt":"2023-04-30 11:41:34","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=2268","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":2232,"post_author":"1","post_date":"2021-11-03 22:56:14","post_date_gmt":"2021-11-03 11:56:14","post_content":"\n

The Commonwealth Bank<\/a> will allow users of its app to buy and sell cryptocurrencies, a first for any major Australian bank.<\/p>\n\n\n\n

The past Wednesday, Commonwealth Bank announced its partnership with crypto exchange, Gemini, and Blockchain analysis firm, Chainalysis, to offer the service to over 6.5m Australians.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/CommBank\/status\/1455688027800432644\n<\/div><\/figure>\n\n\n\n

The partnership will offer CommBank users access to 10 cryptocurrency assets including, Bitcoin, Ethereum, Litecoin, and Bitcoin Cash.<\/p>\n\n\n\n

The set date for launch isn't until 2022, but Commonwealth Bank plans to conduct a pilot for the platform within the coming weeks.<\/p>\n\n\n\n

Is this a wise move for one of Australias biggest banks and will other worldwide banks follow in their footsteps?<\/p>\n","post_title":"Australia's Commonwealth Bank App To Offer Crypto Trading","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"australias-commonwealth-bank-app-to-offer-crypto-trading","to_ping":"","pinged":"","post_modified":"2022-01-08 18:50:58","post_modified_gmt":"2022-01-08 07:50:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=2232","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":1601,"post_author":"1","post_date":"2021-11-02 14:09:06","post_date_gmt":"2021-11-02 03:09:06","post_content":"\n

Over 100 miners operating illegally in a Venezuelan farm based in a residential zone have been seized by authorities. Reports<\/a> from Venezuelan outlets state the farm was located due to its overload on the National Electric System in the Palo Verde sector of Miranda State.<\/p>\n\n\n\n

Sunacrip, the National Superintendency Of Crypto Assets and Related Activities were informed of the above information and looked further into the situation. They found 100s of Bitcoin mining equipment operating without the required permits.<\/p>\n\n\n\n

\"\"
Dipcpnb offical<\/a><\/figcaption><\/figure><\/div>\n\n\n\n

Although mining bitcoin is completely legal in Venezuela, it requires permits from Sunacrip to protect the National Electric System from overload due to the intensive energy consumption these rigs require.<\/p>\n\n\n\n

Working under the laws and regulations, workers with the required permits are allowed to import and commercialize digital mining equipment. Additionally, they can provide cloud mining services and offer hosting services for digital mining.<\/p>\n\n\n\n

But this process isn't guaranteed, so some people decide to work behind the law and create these illegal mining rigs to bypass the regulations. Sunacrip isn't against cryptocurrencies at all but, when you bypass the law and put the burden on the citizen's power there is obviously backlash.<\/p>\n","post_title":"100s Of Bitcoin Miners Seized By Venezuelan Authorities","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"bitcoin-miners-seized-by-venezuelan-authorities","to_ping":"","pinged":"","post_modified":"2022-01-08 18:50:50","post_modified_gmt":"2022-01-08 07:50:50","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=1601","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":1529,"post_author":"1","post_date":"2021-10-29 17:25:31","post_date_gmt":"2021-10-29 06:25:31","post_content":"\n

One of the largest art sales in history may have just taken place, CryptoPunk #9888 sold for $530 Million.<\/p>\n\n\n\n

Although, this is no more than just an elaborate hoax. See it is hard to trick people when you buy your own artwork, especially on a public blockchain.<\/p>\n\n\n\n

A Twitter bot tracking the sales of every CryptoPunk tweeted this on Thursday night shortly after 8 pm. <\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/cryptopunksbot\/status\/1453872415591829504\n<\/div><\/figure>\n\n\n\n

You may wonder \"What makes this NFT worth half a billion dollars?<\/a>\" and the truth is, not much actually. <\/p>\n\n\n\n

Using Rarity<\/a> ranks its Rarity Score at a mere 136.49<\/a>, compared to Punk #7804 which actually sold for $7.57M and has a rarity score of 2329.18<\/a>.<\/p>\n\n\n\n

Due to the fact this punk lacks desirable features from a collectors perspective, it quickly attracted attention to how it could sell for this sum of money. <\/p>\n\n\n\n

A look at the Ethereum Blockchain Ledger shows that it was nothing more than smart, smart contract trickery.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/nanexcool\/status\/1453874296812670976\n<\/div><\/figure>\n\n\n\n

Why Would You Buy Your Own NFT?<\/h2>\n\n\n\n

The purchase was made using a flash loan contract, essentially this is a loan that is repaid immediately. <\/p>\n\n\n\n

The owner of this Punk bought his own Cryptopunk and instantly paid back his loan, using smart arbitrage he bought millions of eyes onto his NFT for only $800 in Ethereum Gas Fees.<\/p>\n\n\n\n

Is this purely genius marketing to a not so spectacular Cryptopunk?<\/p>\n","post_title":"What's Behind The $530M CryptoPunk #9998","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptopunk-9998","to_ping":"","pinged":"","post_modified":"2022-03-14 21:05:56","post_modified_gmt":"2022-03-14 10:05:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=1529","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 83 84 85

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Why The Avalanche Network?<\/h2>\n\n\n\n

Tether chose to launch its stable coin on Avalanche because the network is one of the biggest blockchains at the moment, offering users lots of opportunities, such as faster settlement, low-cost transactions, and a platform to build and host decentralized applications.<\/p>\n\n\n\n


Avalanche is an open-source network that allows decentralized application developers to deploy dApps without incurring high costs in the process.<\/p>\n\n\n\n


The Avalanche team combines both Ethereum Virtual Machine (EVM) compatibility and Solidify to speed up transactions and enable Ethereum developers to move their applications over to the network, Ardoino added.<\/p>\n","post_title":"Tether's Blockchain Expands After USDT Goes Live On Avalanche","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"tethers-blockchain-goes-live-on-avalanche","to_ping":"","pinged":"","post_modified":"2023-04-30 21:41:34","post_modified_gmt":"2023-04-30 11:41:34","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=2268","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":2232,"post_author":"1","post_date":"2021-11-03 22:56:14","post_date_gmt":"2021-11-03 11:56:14","post_content":"\n

The Commonwealth Bank<\/a> will allow users of its app to buy and sell cryptocurrencies, a first for any major Australian bank.<\/p>\n\n\n\n

The past Wednesday, Commonwealth Bank announced its partnership with crypto exchange, Gemini, and Blockchain analysis firm, Chainalysis, to offer the service to over 6.5m Australians.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/CommBank\/status\/1455688027800432644\n<\/div><\/figure>\n\n\n\n

The partnership will offer CommBank users access to 10 cryptocurrency assets including, Bitcoin, Ethereum, Litecoin, and Bitcoin Cash.<\/p>\n\n\n\n

The set date for launch isn't until 2022, but Commonwealth Bank plans to conduct a pilot for the platform within the coming weeks.<\/p>\n\n\n\n

Is this a wise move for one of Australias biggest banks and will other worldwide banks follow in their footsteps?<\/p>\n","post_title":"Australia's Commonwealth Bank App To Offer Crypto Trading","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"australias-commonwealth-bank-app-to-offer-crypto-trading","to_ping":"","pinged":"","post_modified":"2022-01-08 18:50:58","post_modified_gmt":"2022-01-08 07:50:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=2232","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":1601,"post_author":"1","post_date":"2021-11-02 14:09:06","post_date_gmt":"2021-11-02 03:09:06","post_content":"\n

Over 100 miners operating illegally in a Venezuelan farm based in a residential zone have been seized by authorities. Reports<\/a> from Venezuelan outlets state the farm was located due to its overload on the National Electric System in the Palo Verde sector of Miranda State.<\/p>\n\n\n\n

Sunacrip, the National Superintendency Of Crypto Assets and Related Activities were informed of the above information and looked further into the situation. They found 100s of Bitcoin mining equipment operating without the required permits.<\/p>\n\n\n\n

\"\"
Dipcpnb offical<\/a><\/figcaption><\/figure><\/div>\n\n\n\n

Although mining bitcoin is completely legal in Venezuela, it requires permits from Sunacrip to protect the National Electric System from overload due to the intensive energy consumption these rigs require.<\/p>\n\n\n\n

Working under the laws and regulations, workers with the required permits are allowed to import and commercialize digital mining equipment. Additionally, they can provide cloud mining services and offer hosting services for digital mining.<\/p>\n\n\n\n

But this process isn't guaranteed, so some people decide to work behind the law and create these illegal mining rigs to bypass the regulations. Sunacrip isn't against cryptocurrencies at all but, when you bypass the law and put the burden on the citizen's power there is obviously backlash.<\/p>\n","post_title":"100s Of Bitcoin Miners Seized By Venezuelan Authorities","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"bitcoin-miners-seized-by-venezuelan-authorities","to_ping":"","pinged":"","post_modified":"2022-01-08 18:50:50","post_modified_gmt":"2022-01-08 07:50:50","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=1601","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":1529,"post_author":"1","post_date":"2021-10-29 17:25:31","post_date_gmt":"2021-10-29 06:25:31","post_content":"\n

One of the largest art sales in history may have just taken place, CryptoPunk #9888 sold for $530 Million.<\/p>\n\n\n\n

Although, this is no more than just an elaborate hoax. See it is hard to trick people when you buy your own artwork, especially on a public blockchain.<\/p>\n\n\n\n

A Twitter bot tracking the sales of every CryptoPunk tweeted this on Thursday night shortly after 8 pm. <\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/cryptopunksbot\/status\/1453872415591829504\n<\/div><\/figure>\n\n\n\n

You may wonder \"What makes this NFT worth half a billion dollars?<\/a>\" and the truth is, not much actually. <\/p>\n\n\n\n

Using Rarity<\/a> ranks its Rarity Score at a mere 136.49<\/a>, compared to Punk #7804 which actually sold for $7.57M and has a rarity score of 2329.18<\/a>.<\/p>\n\n\n\n

Due to the fact this punk lacks desirable features from a collectors perspective, it quickly attracted attention to how it could sell for this sum of money. <\/p>\n\n\n\n

A look at the Ethereum Blockchain Ledger shows that it was nothing more than smart, smart contract trickery.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/nanexcool\/status\/1453874296812670976\n<\/div><\/figure>\n\n\n\n

Why Would You Buy Your Own NFT?<\/h2>\n\n\n\n

The purchase was made using a flash loan contract, essentially this is a loan that is repaid immediately. <\/p>\n\n\n\n

The owner of this Punk bought his own Cryptopunk and instantly paid back his loan, using smart arbitrage he bought millions of eyes onto his NFT for only $800 in Ethereum Gas Fees.<\/p>\n\n\n\n

Is this purely genius marketing to a not so spectacular Cryptopunk?<\/p>\n","post_title":"What's Behind The $530M CryptoPunk #9998","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptopunk-9998","to_ping":"","pinged":"","post_modified":"2022-03-14 21:05:56","post_modified_gmt":"2022-03-14 10:05:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=1529","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 83 84 85

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n


\u201cUSDT on Avalanche is an essential building block for DeFi users,\u201d Emin G\u00fcn Sirer, Director of the Avalanche Foundation, said. <\/p>\n\n\n\n

Why The Avalanche Network?<\/h2>\n\n\n\n

Tether chose to launch its stable coin on Avalanche because the network is one of the biggest blockchains at the moment, offering users lots of opportunities, such as faster settlement, low-cost transactions, and a platform to build and host decentralized applications.<\/p>\n\n\n\n


Avalanche is an open-source network that allows decentralized application developers to deploy dApps without incurring high costs in the process.<\/p>\n\n\n\n


The Avalanche team combines both Ethereum Virtual Machine (EVM) compatibility and Solidify to speed up transactions and enable Ethereum developers to move their applications over to the network, Ardoino added.<\/p>\n","post_title":"Tether's Blockchain Expands After USDT Goes Live On Avalanche","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"tethers-blockchain-goes-live-on-avalanche","to_ping":"","pinged":"","post_modified":"2023-04-30 21:41:34","post_modified_gmt":"2023-04-30 11:41:34","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=2268","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":2232,"post_author":"1","post_date":"2021-11-03 22:56:14","post_date_gmt":"2021-11-03 11:56:14","post_content":"\n

The Commonwealth Bank<\/a> will allow users of its app to buy and sell cryptocurrencies, a first for any major Australian bank.<\/p>\n\n\n\n

The past Wednesday, Commonwealth Bank announced its partnership with crypto exchange, Gemini, and Blockchain analysis firm, Chainalysis, to offer the service to over 6.5m Australians.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/CommBank\/status\/1455688027800432644\n<\/div><\/figure>\n\n\n\n

The partnership will offer CommBank users access to 10 cryptocurrency assets including, Bitcoin, Ethereum, Litecoin, and Bitcoin Cash.<\/p>\n\n\n\n

The set date for launch isn't until 2022, but Commonwealth Bank plans to conduct a pilot for the platform within the coming weeks.<\/p>\n\n\n\n

Is this a wise move for one of Australias biggest banks and will other worldwide banks follow in their footsteps?<\/p>\n","post_title":"Australia's Commonwealth Bank App To Offer Crypto Trading","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"australias-commonwealth-bank-app-to-offer-crypto-trading","to_ping":"","pinged":"","post_modified":"2022-01-08 18:50:58","post_modified_gmt":"2022-01-08 07:50:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=2232","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":1601,"post_author":"1","post_date":"2021-11-02 14:09:06","post_date_gmt":"2021-11-02 03:09:06","post_content":"\n

Over 100 miners operating illegally in a Venezuelan farm based in a residential zone have been seized by authorities. Reports<\/a> from Venezuelan outlets state the farm was located due to its overload on the National Electric System in the Palo Verde sector of Miranda State.<\/p>\n\n\n\n

Sunacrip, the National Superintendency Of Crypto Assets and Related Activities were informed of the above information and looked further into the situation. They found 100s of Bitcoin mining equipment operating without the required permits.<\/p>\n\n\n\n

\"\"
Dipcpnb offical<\/a><\/figcaption><\/figure><\/div>\n\n\n\n

Although mining bitcoin is completely legal in Venezuela, it requires permits from Sunacrip to protect the National Electric System from overload due to the intensive energy consumption these rigs require.<\/p>\n\n\n\n

Working under the laws and regulations, workers with the required permits are allowed to import and commercialize digital mining equipment. Additionally, they can provide cloud mining services and offer hosting services for digital mining.<\/p>\n\n\n\n

But this process isn't guaranteed, so some people decide to work behind the law and create these illegal mining rigs to bypass the regulations. Sunacrip isn't against cryptocurrencies at all but, when you bypass the law and put the burden on the citizen's power there is obviously backlash.<\/p>\n","post_title":"100s Of Bitcoin Miners Seized By Venezuelan Authorities","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"bitcoin-miners-seized-by-venezuelan-authorities","to_ping":"","pinged":"","post_modified":"2022-01-08 18:50:50","post_modified_gmt":"2022-01-08 07:50:50","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=1601","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":1529,"post_author":"1","post_date":"2021-10-29 17:25:31","post_date_gmt":"2021-10-29 06:25:31","post_content":"\n

One of the largest art sales in history may have just taken place, CryptoPunk #9888 sold for $530 Million.<\/p>\n\n\n\n

Although, this is no more than just an elaborate hoax. See it is hard to trick people when you buy your own artwork, especially on a public blockchain.<\/p>\n\n\n\n

A Twitter bot tracking the sales of every CryptoPunk tweeted this on Thursday night shortly after 8 pm. <\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/cryptopunksbot\/status\/1453872415591829504\n<\/div><\/figure>\n\n\n\n

You may wonder \"What makes this NFT worth half a billion dollars?<\/a>\" and the truth is, not much actually. <\/p>\n\n\n\n

Using Rarity<\/a> ranks its Rarity Score at a mere 136.49<\/a>, compared to Punk #7804 which actually sold for $7.57M and has a rarity score of 2329.18<\/a>.<\/p>\n\n\n\n

Due to the fact this punk lacks desirable features from a collectors perspective, it quickly attracted attention to how it could sell for this sum of money. <\/p>\n\n\n\n

A look at the Ethereum Blockchain Ledger shows that it was nothing more than smart, smart contract trickery.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/nanexcool\/status\/1453874296812670976\n<\/div><\/figure>\n\n\n\n

Why Would You Buy Your Own NFT?<\/h2>\n\n\n\n

The purchase was made using a flash loan contract, essentially this is a loan that is repaid immediately. <\/p>\n\n\n\n

The owner of this Punk bought his own Cryptopunk and instantly paid back his loan, using smart arbitrage he bought millions of eyes onto his NFT for only $800 in Ethereum Gas Fees.<\/p>\n\n\n\n

Is this purely genius marketing to a not so spectacular Cryptopunk?<\/p>\n","post_title":"What's Behind The $530M CryptoPunk #9998","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptopunk-9998","to_ping":"","pinged":"","post_modified":"2022-03-14 21:05:56","post_modified_gmt":"2022-03-14 10:05:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=1529","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 83 84 85

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n


The integration on Avalanche would contribute to the growth and sustainability of the network while fostering the usage of stable coins across the DeFi ecosystem.<\/p>\n\n\n\n


\u201cUSDT on Avalanche is an essential building block for DeFi users,\u201d Emin G\u00fcn Sirer, Director of the Avalanche Foundation, said. <\/p>\n\n\n\n

Why The Avalanche Network?<\/h2>\n\n\n\n

Tether chose to launch its stable coin on Avalanche because the network is one of the biggest blockchains at the moment, offering users lots of opportunities, such as faster settlement, low-cost transactions, and a platform to build and host decentralized applications.<\/p>\n\n\n\n


Avalanche is an open-source network that allows decentralized application developers to deploy dApps without incurring high costs in the process.<\/p>\n\n\n\n


The Avalanche team combines both Ethereum Virtual Machine (EVM) compatibility and Solidify to speed up transactions and enable Ethereum developers to move their applications over to the network, Ardoino added.<\/p>\n","post_title":"Tether's Blockchain Expands After USDT Goes Live On Avalanche","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"tethers-blockchain-goes-live-on-avalanche","to_ping":"","pinged":"","post_modified":"2023-04-30 21:41:34","post_modified_gmt":"2023-04-30 11:41:34","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=2268","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":2232,"post_author":"1","post_date":"2021-11-03 22:56:14","post_date_gmt":"2021-11-03 11:56:14","post_content":"\n

The Commonwealth Bank<\/a> will allow users of its app to buy and sell cryptocurrencies, a first for any major Australian bank.<\/p>\n\n\n\n

The past Wednesday, Commonwealth Bank announced its partnership with crypto exchange, Gemini, and Blockchain analysis firm, Chainalysis, to offer the service to over 6.5m Australians.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/CommBank\/status\/1455688027800432644\n<\/div><\/figure>\n\n\n\n

The partnership will offer CommBank users access to 10 cryptocurrency assets including, Bitcoin, Ethereum, Litecoin, and Bitcoin Cash.<\/p>\n\n\n\n

The set date for launch isn't until 2022, but Commonwealth Bank plans to conduct a pilot for the platform within the coming weeks.<\/p>\n\n\n\n

Is this a wise move for one of Australias biggest banks and will other worldwide banks follow in their footsteps?<\/p>\n","post_title":"Australia's Commonwealth Bank App To Offer Crypto Trading","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"australias-commonwealth-bank-app-to-offer-crypto-trading","to_ping":"","pinged":"","post_modified":"2022-01-08 18:50:58","post_modified_gmt":"2022-01-08 07:50:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=2232","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":1601,"post_author":"1","post_date":"2021-11-02 14:09:06","post_date_gmt":"2021-11-02 03:09:06","post_content":"\n

Over 100 miners operating illegally in a Venezuelan farm based in a residential zone have been seized by authorities. Reports<\/a> from Venezuelan outlets state the farm was located due to its overload on the National Electric System in the Palo Verde sector of Miranda State.<\/p>\n\n\n\n

Sunacrip, the National Superintendency Of Crypto Assets and Related Activities were informed of the above information and looked further into the situation. They found 100s of Bitcoin mining equipment operating without the required permits.<\/p>\n\n\n\n

\"\"
Dipcpnb offical<\/a><\/figcaption><\/figure><\/div>\n\n\n\n

Although mining bitcoin is completely legal in Venezuela, it requires permits from Sunacrip to protect the National Electric System from overload due to the intensive energy consumption these rigs require.<\/p>\n\n\n\n

Working under the laws and regulations, workers with the required permits are allowed to import and commercialize digital mining equipment. Additionally, they can provide cloud mining services and offer hosting services for digital mining.<\/p>\n\n\n\n

But this process isn't guaranteed, so some people decide to work behind the law and create these illegal mining rigs to bypass the regulations. Sunacrip isn't against cryptocurrencies at all but, when you bypass the law and put the burden on the citizen's power there is obviously backlash.<\/p>\n","post_title":"100s Of Bitcoin Miners Seized By Venezuelan Authorities","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"bitcoin-miners-seized-by-venezuelan-authorities","to_ping":"","pinged":"","post_modified":"2022-01-08 18:50:50","post_modified_gmt":"2022-01-08 07:50:50","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=1601","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":1529,"post_author":"1","post_date":"2021-10-29 17:25:31","post_date_gmt":"2021-10-29 06:25:31","post_content":"\n

One of the largest art sales in history may have just taken place, CryptoPunk #9888 sold for $530 Million.<\/p>\n\n\n\n

Although, this is no more than just an elaborate hoax. See it is hard to trick people when you buy your own artwork, especially on a public blockchain.<\/p>\n\n\n\n

A Twitter bot tracking the sales of every CryptoPunk tweeted this on Thursday night shortly after 8 pm. <\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/cryptopunksbot\/status\/1453872415591829504\n<\/div><\/figure>\n\n\n\n

You may wonder \"What makes this NFT worth half a billion dollars?<\/a>\" and the truth is, not much actually. <\/p>\n\n\n\n

Using Rarity<\/a> ranks its Rarity Score at a mere 136.49<\/a>, compared to Punk #7804 which actually sold for $7.57M and has a rarity score of 2329.18<\/a>.<\/p>\n\n\n\n

Due to the fact this punk lacks desirable features from a collectors perspective, it quickly attracted attention to how it could sell for this sum of money. <\/p>\n\n\n\n

A look at the Ethereum Blockchain Ledger shows that it was nothing more than smart, smart contract trickery.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/nanexcool\/status\/1453874296812670976\n<\/div><\/figure>\n\n\n\n

Why Would You Buy Your Own NFT?<\/h2>\n\n\n\n

The purchase was made using a flash loan contract, essentially this is a loan that is repaid immediately. <\/p>\n\n\n\n

The owner of this Punk bought his own Cryptopunk and instantly paid back his loan, using smart arbitrage he bought millions of eyes onto his NFT for only $800 in Ethereum Gas Fees.<\/p>\n\n\n\n

Is this purely genius marketing to a not so spectacular Cryptopunk?<\/p>\n","post_title":"What's Behind The $530M CryptoPunk #9998","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptopunk-9998","to_ping":"","pinged":"","post_modified":"2022-03-14 21:05:56","post_modified_gmt":"2022-03-14 10:05:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=1529","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 83 84 85

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n


\u201cWe\u2019re excited to launch USDT on Avalanche, offering its growing and vibrant community access to the most liquid, stable, and trusted stable coin in the digital token space.\u201d<\/p>\n\n\n\n


The integration on Avalanche would contribute to the growth and sustainability of the network while fostering the usage of stable coins across the DeFi ecosystem.<\/p>\n\n\n\n


\u201cUSDT on Avalanche is an essential building block for DeFi users,\u201d Emin G\u00fcn Sirer, Director of the Avalanche Foundation, said. <\/p>\n\n\n\n

Why The Avalanche Network?<\/h2>\n\n\n\n

Tether chose to launch its stable coin on Avalanche because the network is one of the biggest blockchains at the moment, offering users lots of opportunities, such as faster settlement, low-cost transactions, and a platform to build and host decentralized applications.<\/p>\n\n\n\n


Avalanche is an open-source network that allows decentralized application developers to deploy dApps without incurring high costs in the process.<\/p>\n\n\n\n


The Avalanche team combines both Ethereum Virtual Machine (EVM) compatibility and Solidify to speed up transactions and enable Ethereum developers to move their applications over to the network, Ardoino added.<\/p>\n","post_title":"Tether's Blockchain Expands After USDT Goes Live On Avalanche","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"tethers-blockchain-goes-live-on-avalanche","to_ping":"","pinged":"","post_modified":"2023-04-30 21:41:34","post_modified_gmt":"2023-04-30 11:41:34","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=2268","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":2232,"post_author":"1","post_date":"2021-11-03 22:56:14","post_date_gmt":"2021-11-03 11:56:14","post_content":"\n

The Commonwealth Bank<\/a> will allow users of its app to buy and sell cryptocurrencies, a first for any major Australian bank.<\/p>\n\n\n\n

The past Wednesday, Commonwealth Bank announced its partnership with crypto exchange, Gemini, and Blockchain analysis firm, Chainalysis, to offer the service to over 6.5m Australians.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/CommBank\/status\/1455688027800432644\n<\/div><\/figure>\n\n\n\n

The partnership will offer CommBank users access to 10 cryptocurrency assets including, Bitcoin, Ethereum, Litecoin, and Bitcoin Cash.<\/p>\n\n\n\n

The set date for launch isn't until 2022, but Commonwealth Bank plans to conduct a pilot for the platform within the coming weeks.<\/p>\n\n\n\n

Is this a wise move for one of Australias biggest banks and will other worldwide banks follow in their footsteps?<\/p>\n","post_title":"Australia's Commonwealth Bank App To Offer Crypto Trading","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"australias-commonwealth-bank-app-to-offer-crypto-trading","to_ping":"","pinged":"","post_modified":"2022-01-08 18:50:58","post_modified_gmt":"2022-01-08 07:50:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=2232","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":1601,"post_author":"1","post_date":"2021-11-02 14:09:06","post_date_gmt":"2021-11-02 03:09:06","post_content":"\n

Over 100 miners operating illegally in a Venezuelan farm based in a residential zone have been seized by authorities. Reports<\/a> from Venezuelan outlets state the farm was located due to its overload on the National Electric System in the Palo Verde sector of Miranda State.<\/p>\n\n\n\n

Sunacrip, the National Superintendency Of Crypto Assets and Related Activities were informed of the above information and looked further into the situation. They found 100s of Bitcoin mining equipment operating without the required permits.<\/p>\n\n\n\n

\"\"
Dipcpnb offical<\/a><\/figcaption><\/figure><\/div>\n\n\n\n

Although mining bitcoin is completely legal in Venezuela, it requires permits from Sunacrip to protect the National Electric System from overload due to the intensive energy consumption these rigs require.<\/p>\n\n\n\n

Working under the laws and regulations, workers with the required permits are allowed to import and commercialize digital mining equipment. Additionally, they can provide cloud mining services and offer hosting services for digital mining.<\/p>\n\n\n\n

But this process isn't guaranteed, so some people decide to work behind the law and create these illegal mining rigs to bypass the regulations. Sunacrip isn't against cryptocurrencies at all but, when you bypass the law and put the burden on the citizen's power there is obviously backlash.<\/p>\n","post_title":"100s Of Bitcoin Miners Seized By Venezuelan Authorities","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"bitcoin-miners-seized-by-venezuelan-authorities","to_ping":"","pinged":"","post_modified":"2022-01-08 18:50:50","post_modified_gmt":"2022-01-08 07:50:50","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=1601","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":1529,"post_author":"1","post_date":"2021-10-29 17:25:31","post_date_gmt":"2021-10-29 06:25:31","post_content":"\n

One of the largest art sales in history may have just taken place, CryptoPunk #9888 sold for $530 Million.<\/p>\n\n\n\n

Although, this is no more than just an elaborate hoax. See it is hard to trick people when you buy your own artwork, especially on a public blockchain.<\/p>\n\n\n\n

A Twitter bot tracking the sales of every CryptoPunk tweeted this on Thursday night shortly after 8 pm. <\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/cryptopunksbot\/status\/1453872415591829504\n<\/div><\/figure>\n\n\n\n

You may wonder \"What makes this NFT worth half a billion dollars?<\/a>\" and the truth is, not much actually. <\/p>\n\n\n\n

Using Rarity<\/a> ranks its Rarity Score at a mere 136.49<\/a>, compared to Punk #7804 which actually sold for $7.57M and has a rarity score of 2329.18<\/a>.<\/p>\n\n\n\n

Due to the fact this punk lacks desirable features from a collectors perspective, it quickly attracted attention to how it could sell for this sum of money. <\/p>\n\n\n\n

A look at the Ethereum Blockchain Ledger shows that it was nothing more than smart, smart contract trickery.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/nanexcool\/status\/1453874296812670976\n<\/div><\/figure>\n\n\n\n

Why Would You Buy Your Own NFT?<\/h2>\n\n\n\n

The purchase was made using a flash loan contract, essentially this is a loan that is repaid immediately. <\/p>\n\n\n\n

The owner of this Punk bought his own Cryptopunk and instantly paid back his loan, using smart arbitrage he bought millions of eyes onto his NFT for only $800 in Ethereum Gas Fees.<\/p>\n\n\n\n

Is this purely genius marketing to a not so spectacular Cryptopunk?<\/p>\n","post_title":"What's Behind The $530M CryptoPunk #9998","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptopunk-9998","to_ping":"","pinged":"","post_modified":"2022-03-14 21:05:56","post_modified_gmt":"2022-03-14 10:05:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=1529","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 83 84 85

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n


With the Avalanche launch, users can now transfer the largest stable coin by market cap at a lower cost, instantaneously. Tether\u2019s CTO, Paolo Ardoino adds:<\/p>\n\n\n\n


\u201cWe\u2019re excited to launch USDT on Avalanche, offering its growing and vibrant community access to the most liquid, stable, and trusted stable coin in the digital token space.\u201d<\/p>\n\n\n\n


The integration on Avalanche would contribute to the growth and sustainability of the network while fostering the usage of stable coins across the DeFi ecosystem.<\/p>\n\n\n\n


\u201cUSDT on Avalanche is an essential building block for DeFi users,\u201d Emin G\u00fcn Sirer, Director of the Avalanche Foundation, said. <\/p>\n\n\n\n

Why The Avalanche Network?<\/h2>\n\n\n\n

Tether chose to launch its stable coin on Avalanche because the network is one of the biggest blockchains at the moment, offering users lots of opportunities, such as faster settlement, low-cost transactions, and a platform to build and host decentralized applications.<\/p>\n\n\n\n


Avalanche is an open-source network that allows decentralized application developers to deploy dApps without incurring high costs in the process.<\/p>\n\n\n\n


The Avalanche team combines both Ethereum Virtual Machine (EVM) compatibility and Solidify to speed up transactions and enable Ethereum developers to move their applications over to the network, Ardoino added.<\/p>\n","post_title":"Tether's Blockchain Expands After USDT Goes Live On Avalanche","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"tethers-blockchain-goes-live-on-avalanche","to_ping":"","pinged":"","post_modified":"2023-04-30 21:41:34","post_modified_gmt":"2023-04-30 11:41:34","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=2268","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":2232,"post_author":"1","post_date":"2021-11-03 22:56:14","post_date_gmt":"2021-11-03 11:56:14","post_content":"\n

The Commonwealth Bank<\/a> will allow users of its app to buy and sell cryptocurrencies, a first for any major Australian bank.<\/p>\n\n\n\n

The past Wednesday, Commonwealth Bank announced its partnership with crypto exchange, Gemini, and Blockchain analysis firm, Chainalysis, to offer the service to over 6.5m Australians.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/CommBank\/status\/1455688027800432644\n<\/div><\/figure>\n\n\n\n

The partnership will offer CommBank users access to 10 cryptocurrency assets including, Bitcoin, Ethereum, Litecoin, and Bitcoin Cash.<\/p>\n\n\n\n

The set date for launch isn't until 2022, but Commonwealth Bank plans to conduct a pilot for the platform within the coming weeks.<\/p>\n\n\n\n

Is this a wise move for one of Australias biggest banks and will other worldwide banks follow in their footsteps?<\/p>\n","post_title":"Australia's Commonwealth Bank App To Offer Crypto Trading","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"australias-commonwealth-bank-app-to-offer-crypto-trading","to_ping":"","pinged":"","post_modified":"2022-01-08 18:50:58","post_modified_gmt":"2022-01-08 07:50:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=2232","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":1601,"post_author":"1","post_date":"2021-11-02 14:09:06","post_date_gmt":"2021-11-02 03:09:06","post_content":"\n

Over 100 miners operating illegally in a Venezuelan farm based in a residential zone have been seized by authorities. Reports<\/a> from Venezuelan outlets state the farm was located due to its overload on the National Electric System in the Palo Verde sector of Miranda State.<\/p>\n\n\n\n

Sunacrip, the National Superintendency Of Crypto Assets and Related Activities were informed of the above information and looked further into the situation. They found 100s of Bitcoin mining equipment operating without the required permits.<\/p>\n\n\n\n

\"\"
Dipcpnb offical<\/a><\/figcaption><\/figure><\/div>\n\n\n\n

Although mining bitcoin is completely legal in Venezuela, it requires permits from Sunacrip to protect the National Electric System from overload due to the intensive energy consumption these rigs require.<\/p>\n\n\n\n

Working under the laws and regulations, workers with the required permits are allowed to import and commercialize digital mining equipment. Additionally, they can provide cloud mining services and offer hosting services for digital mining.<\/p>\n\n\n\n

But this process isn't guaranteed, so some people decide to work behind the law and create these illegal mining rigs to bypass the regulations. Sunacrip isn't against cryptocurrencies at all but, when you bypass the law and put the burden on the citizen's power there is obviously backlash.<\/p>\n","post_title":"100s Of Bitcoin Miners Seized By Venezuelan Authorities","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"bitcoin-miners-seized-by-venezuelan-authorities","to_ping":"","pinged":"","post_modified":"2022-01-08 18:50:50","post_modified_gmt":"2022-01-08 07:50:50","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=1601","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":1529,"post_author":"1","post_date":"2021-10-29 17:25:31","post_date_gmt":"2021-10-29 06:25:31","post_content":"\n

One of the largest art sales in history may have just taken place, CryptoPunk #9888 sold for $530 Million.<\/p>\n\n\n\n

Although, this is no more than just an elaborate hoax. See it is hard to trick people when you buy your own artwork, especially on a public blockchain.<\/p>\n\n\n\n

A Twitter bot tracking the sales of every CryptoPunk tweeted this on Thursday night shortly after 8 pm. <\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/cryptopunksbot\/status\/1453872415591829504\n<\/div><\/figure>\n\n\n\n

You may wonder \"What makes this NFT worth half a billion dollars?<\/a>\" and the truth is, not much actually. <\/p>\n\n\n\n

Using Rarity<\/a> ranks its Rarity Score at a mere 136.49<\/a>, compared to Punk #7804 which actually sold for $7.57M and has a rarity score of 2329.18<\/a>.<\/p>\n\n\n\n

Due to the fact this punk lacks desirable features from a collectors perspective, it quickly attracted attention to how it could sell for this sum of money. <\/p>\n\n\n\n

A look at the Ethereum Blockchain Ledger shows that it was nothing more than smart, smart contract trickery.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/nanexcool\/status\/1453874296812670976\n<\/div><\/figure>\n\n\n\n

Why Would You Buy Your Own NFT?<\/h2>\n\n\n\n

The purchase was made using a flash loan contract, essentially this is a loan that is repaid immediately. <\/p>\n\n\n\n

The owner of this Punk bought his own Cryptopunk and instantly paid back his loan, using smart arbitrage he bought millions of eyes onto his NFT for only $800 in Ethereum Gas Fees.<\/p>\n\n\n\n

Is this purely genius marketing to a not so spectacular Cryptopunk?<\/p>\n","post_title":"What's Behind The $530M CryptoPunk #9998","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptopunk-9998","to_ping":"","pinged":"","post_modified":"2022-03-14 21:05:56","post_modified_gmt":"2022-03-14 10:05:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=1529","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 83 84 85

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n


Months after the initial plans to expand the USDT stable coin support to Avalanche blockchain, popular stable coin issuer Tether has launched its dollar-pegged cryptocurrency on the eco-friendly network.<\/p>\n\n\n\n


With the Avalanche launch, users can now transfer the largest stable coin by market cap at a lower cost, instantaneously. Tether\u2019s CTO, Paolo Ardoino adds:<\/p>\n\n\n\n


\u201cWe\u2019re excited to launch USDT on Avalanche, offering its growing and vibrant community access to the most liquid, stable, and trusted stable coin in the digital token space.\u201d<\/p>\n\n\n\n


The integration on Avalanche would contribute to the growth and sustainability of the network while fostering the usage of stable coins across the DeFi ecosystem.<\/p>\n\n\n\n


\u201cUSDT on Avalanche is an essential building block for DeFi users,\u201d Emin G\u00fcn Sirer, Director of the Avalanche Foundation, said. <\/p>\n\n\n\n

Why The Avalanche Network?<\/h2>\n\n\n\n

Tether chose to launch its stable coin on Avalanche because the network is one of the biggest blockchains at the moment, offering users lots of opportunities, such as faster settlement, low-cost transactions, and a platform to build and host decentralized applications.<\/p>\n\n\n\n


Avalanche is an open-source network that allows decentralized application developers to deploy dApps without incurring high costs in the process.<\/p>\n\n\n\n


The Avalanche team combines both Ethereum Virtual Machine (EVM) compatibility and Solidify to speed up transactions and enable Ethereum developers to move their applications over to the network, Ardoino added.<\/p>\n","post_title":"Tether's Blockchain Expands After USDT Goes Live On Avalanche","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"tethers-blockchain-goes-live-on-avalanche","to_ping":"","pinged":"","post_modified":"2023-04-30 21:41:34","post_modified_gmt":"2023-04-30 11:41:34","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=2268","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":2232,"post_author":"1","post_date":"2021-11-03 22:56:14","post_date_gmt":"2021-11-03 11:56:14","post_content":"\n

The Commonwealth Bank<\/a> will allow users of its app to buy and sell cryptocurrencies, a first for any major Australian bank.<\/p>\n\n\n\n

The past Wednesday, Commonwealth Bank announced its partnership with crypto exchange, Gemini, and Blockchain analysis firm, Chainalysis, to offer the service to over 6.5m Australians.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/CommBank\/status\/1455688027800432644\n<\/div><\/figure>\n\n\n\n

The partnership will offer CommBank users access to 10 cryptocurrency assets including, Bitcoin, Ethereum, Litecoin, and Bitcoin Cash.<\/p>\n\n\n\n

The set date for launch isn't until 2022, but Commonwealth Bank plans to conduct a pilot for the platform within the coming weeks.<\/p>\n\n\n\n

Is this a wise move for one of Australias biggest banks and will other worldwide banks follow in their footsteps?<\/p>\n","post_title":"Australia's Commonwealth Bank App To Offer Crypto Trading","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"australias-commonwealth-bank-app-to-offer-crypto-trading","to_ping":"","pinged":"","post_modified":"2022-01-08 18:50:58","post_modified_gmt":"2022-01-08 07:50:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=2232","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":1601,"post_author":"1","post_date":"2021-11-02 14:09:06","post_date_gmt":"2021-11-02 03:09:06","post_content":"\n

Over 100 miners operating illegally in a Venezuelan farm based in a residential zone have been seized by authorities. Reports<\/a> from Venezuelan outlets state the farm was located due to its overload on the National Electric System in the Palo Verde sector of Miranda State.<\/p>\n\n\n\n

Sunacrip, the National Superintendency Of Crypto Assets and Related Activities were informed of the above information and looked further into the situation. They found 100s of Bitcoin mining equipment operating without the required permits.<\/p>\n\n\n\n

\"\"
Dipcpnb offical<\/a><\/figcaption><\/figure><\/div>\n\n\n\n

Although mining bitcoin is completely legal in Venezuela, it requires permits from Sunacrip to protect the National Electric System from overload due to the intensive energy consumption these rigs require.<\/p>\n\n\n\n

Working under the laws and regulations, workers with the required permits are allowed to import and commercialize digital mining equipment. Additionally, they can provide cloud mining services and offer hosting services for digital mining.<\/p>\n\n\n\n

But this process isn't guaranteed, so some people decide to work behind the law and create these illegal mining rigs to bypass the regulations. Sunacrip isn't against cryptocurrencies at all but, when you bypass the law and put the burden on the citizen's power there is obviously backlash.<\/p>\n","post_title":"100s Of Bitcoin Miners Seized By Venezuelan Authorities","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"bitcoin-miners-seized-by-venezuelan-authorities","to_ping":"","pinged":"","post_modified":"2022-01-08 18:50:50","post_modified_gmt":"2022-01-08 07:50:50","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=1601","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":1529,"post_author":"1","post_date":"2021-10-29 17:25:31","post_date_gmt":"2021-10-29 06:25:31","post_content":"\n

One of the largest art sales in history may have just taken place, CryptoPunk #9888 sold for $530 Million.<\/p>\n\n\n\n

Although, this is no more than just an elaborate hoax. See it is hard to trick people when you buy your own artwork, especially on a public blockchain.<\/p>\n\n\n\n

A Twitter bot tracking the sales of every CryptoPunk tweeted this on Thursday night shortly after 8 pm. <\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/cryptopunksbot\/status\/1453872415591829504\n<\/div><\/figure>\n\n\n\n

You may wonder \"What makes this NFT worth half a billion dollars?<\/a>\" and the truth is, not much actually. <\/p>\n\n\n\n

Using Rarity<\/a> ranks its Rarity Score at a mere 136.49<\/a>, compared to Punk #7804 which actually sold for $7.57M and has a rarity score of 2329.18<\/a>.<\/p>\n\n\n\n

Due to the fact this punk lacks desirable features from a collectors perspective, it quickly attracted attention to how it could sell for this sum of money. <\/p>\n\n\n\n

A look at the Ethereum Blockchain Ledger shows that it was nothing more than smart, smart contract trickery.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/nanexcool\/status\/1453874296812670976\n<\/div><\/figure>\n\n\n\n

Why Would You Buy Your Own NFT?<\/h2>\n\n\n\n

The purchase was made using a flash loan contract, essentially this is a loan that is repaid immediately. <\/p>\n\n\n\n

The owner of this Punk bought his own Cryptopunk and instantly paid back his loan, using smart arbitrage he bought millions of eyes onto his NFT for only $800 in Ethereum Gas Fees.<\/p>\n\n\n\n

Is this purely genius marketing to a not so spectacular Cryptopunk?<\/p>\n","post_title":"What's Behind The $530M CryptoPunk #9998","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptopunk-9998","to_ping":"","pinged":"","post_modified":"2022-03-14 21:05:56","post_modified_gmt":"2022-03-14 10:05:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=1529","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 83 84 85

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Tether has announced that its stable coin, $USDT, is now available on the Avalanche network.<\/p>\n\n\n\n


Months after the initial plans to expand the USDT stable coin support to Avalanche blockchain, popular stable coin issuer Tether has launched its dollar-pegged cryptocurrency on the eco-friendly network.<\/p>\n\n\n\n


With the Avalanche launch, users can now transfer the largest stable coin by market cap at a lower cost, instantaneously. Tether\u2019s CTO, Paolo Ardoino adds:<\/p>\n\n\n\n


\u201cWe\u2019re excited to launch USDT on Avalanche, offering its growing and vibrant community access to the most liquid, stable, and trusted stable coin in the digital token space.\u201d<\/p>\n\n\n\n


The integration on Avalanche would contribute to the growth and sustainability of the network while fostering the usage of stable coins across the DeFi ecosystem.<\/p>\n\n\n\n


\u201cUSDT on Avalanche is an essential building block for DeFi users,\u201d Emin G\u00fcn Sirer, Director of the Avalanche Foundation, said. <\/p>\n\n\n\n

Why The Avalanche Network?<\/h2>\n\n\n\n

Tether chose to launch its stable coin on Avalanche because the network is one of the biggest blockchains at the moment, offering users lots of opportunities, such as faster settlement, low-cost transactions, and a platform to build and host decentralized applications.<\/p>\n\n\n\n


Avalanche is an open-source network that allows decentralized application developers to deploy dApps without incurring high costs in the process.<\/p>\n\n\n\n


The Avalanche team combines both Ethereum Virtual Machine (EVM) compatibility and Solidify to speed up transactions and enable Ethereum developers to move their applications over to the network, Ardoino added.<\/p>\n","post_title":"Tether's Blockchain Expands After USDT Goes Live On Avalanche","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"tethers-blockchain-goes-live-on-avalanche","to_ping":"","pinged":"","post_modified":"2023-04-30 21:41:34","post_modified_gmt":"2023-04-30 11:41:34","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=2268","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":2232,"post_author":"1","post_date":"2021-11-03 22:56:14","post_date_gmt":"2021-11-03 11:56:14","post_content":"\n

The Commonwealth Bank<\/a> will allow users of its app to buy and sell cryptocurrencies, a first for any major Australian bank.<\/p>\n\n\n\n

The past Wednesday, Commonwealth Bank announced its partnership with crypto exchange, Gemini, and Blockchain analysis firm, Chainalysis, to offer the service to over 6.5m Australians.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/CommBank\/status\/1455688027800432644\n<\/div><\/figure>\n\n\n\n

The partnership will offer CommBank users access to 10 cryptocurrency assets including, Bitcoin, Ethereum, Litecoin, and Bitcoin Cash.<\/p>\n\n\n\n

The set date for launch isn't until 2022, but Commonwealth Bank plans to conduct a pilot for the platform within the coming weeks.<\/p>\n\n\n\n

Is this a wise move for one of Australias biggest banks and will other worldwide banks follow in their footsteps?<\/p>\n","post_title":"Australia's Commonwealth Bank App To Offer Crypto Trading","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"australias-commonwealth-bank-app-to-offer-crypto-trading","to_ping":"","pinged":"","post_modified":"2022-01-08 18:50:58","post_modified_gmt":"2022-01-08 07:50:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=2232","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":1601,"post_author":"1","post_date":"2021-11-02 14:09:06","post_date_gmt":"2021-11-02 03:09:06","post_content":"\n

Over 100 miners operating illegally in a Venezuelan farm based in a residential zone have been seized by authorities. Reports<\/a> from Venezuelan outlets state the farm was located due to its overload on the National Electric System in the Palo Verde sector of Miranda State.<\/p>\n\n\n\n

Sunacrip, the National Superintendency Of Crypto Assets and Related Activities were informed of the above information and looked further into the situation. They found 100s of Bitcoin mining equipment operating without the required permits.<\/p>\n\n\n\n

\"\"
Dipcpnb offical<\/a><\/figcaption><\/figure><\/div>\n\n\n\n

Although mining bitcoin is completely legal in Venezuela, it requires permits from Sunacrip to protect the National Electric System from overload due to the intensive energy consumption these rigs require.<\/p>\n\n\n\n

Working under the laws and regulations, workers with the required permits are allowed to import and commercialize digital mining equipment. Additionally, they can provide cloud mining services and offer hosting services for digital mining.<\/p>\n\n\n\n

But this process isn't guaranteed, so some people decide to work behind the law and create these illegal mining rigs to bypass the regulations. Sunacrip isn't against cryptocurrencies at all but, when you bypass the law and put the burden on the citizen's power there is obviously backlash.<\/p>\n","post_title":"100s Of Bitcoin Miners Seized By Venezuelan Authorities","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"bitcoin-miners-seized-by-venezuelan-authorities","to_ping":"","pinged":"","post_modified":"2022-01-08 18:50:50","post_modified_gmt":"2022-01-08 07:50:50","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=1601","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":1529,"post_author":"1","post_date":"2021-10-29 17:25:31","post_date_gmt":"2021-10-29 06:25:31","post_content":"\n

One of the largest art sales in history may have just taken place, CryptoPunk #9888 sold for $530 Million.<\/p>\n\n\n\n

Although, this is no more than just an elaborate hoax. See it is hard to trick people when you buy your own artwork, especially on a public blockchain.<\/p>\n\n\n\n

A Twitter bot tracking the sales of every CryptoPunk tweeted this on Thursday night shortly after 8 pm. <\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/cryptopunksbot\/status\/1453872415591829504\n<\/div><\/figure>\n\n\n\n

You may wonder \"What makes this NFT worth half a billion dollars?<\/a>\" and the truth is, not much actually. <\/p>\n\n\n\n

Using Rarity<\/a> ranks its Rarity Score at a mere 136.49<\/a>, compared to Punk #7804 which actually sold for $7.57M and has a rarity score of 2329.18<\/a>.<\/p>\n\n\n\n

Due to the fact this punk lacks desirable features from a collectors perspective, it quickly attracted attention to how it could sell for this sum of money. <\/p>\n\n\n\n

A look at the Ethereum Blockchain Ledger shows that it was nothing more than smart, smart contract trickery.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/nanexcool\/status\/1453874296812670976\n<\/div><\/figure>\n\n\n\n

Why Would You Buy Your Own NFT?<\/h2>\n\n\n\n

The purchase was made using a flash loan contract, essentially this is a loan that is repaid immediately. <\/p>\n\n\n\n

The owner of this Punk bought his own Cryptopunk and instantly paid back his loan, using smart arbitrage he bought millions of eyes onto his NFT for only $800 in Ethereum Gas Fees.<\/p>\n\n\n\n

Is this purely genius marketing to a not so spectacular Cryptopunk?<\/p>\n","post_title":"What's Behind The $530M CryptoPunk #9998","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptopunk-9998","to_ping":"","pinged":"","post_modified":"2022-03-14 21:05:56","post_modified_gmt":"2022-03-14 10:05:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=1529","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 83 84 85

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n


Although this is great news for Bitcoin, it isn't automatically implemented. The ball is now in the court of developers to make use of and build on top of the Taproot system.<\/p>\n","post_title":"The Biggest Upgrade To Bitcoin Since 2017: The Taproot Protocol","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"the-biggest-upgrade-to-bitcoin-since-2017-the-taproot-protocol","to_ping":"","pinged":"","post_modified":"2023-04-30 21:41:01","post_modified_gmt":"2023-04-30 11:41:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=2274","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":2268,"post_author":"1","post_date":"2021-11-13 18:10:50","post_date_gmt":"2021-11-13 07:10:50","post_content":"\n

Tether has announced that its stable coin, $USDT, is now available on the Avalanche network.<\/p>\n\n\n\n


Months after the initial plans to expand the USDT stable coin support to Avalanche blockchain, popular stable coin issuer Tether has launched its dollar-pegged cryptocurrency on the eco-friendly network.<\/p>\n\n\n\n


With the Avalanche launch, users can now transfer the largest stable coin by market cap at a lower cost, instantaneously. Tether\u2019s CTO, Paolo Ardoino adds:<\/p>\n\n\n\n


\u201cWe\u2019re excited to launch USDT on Avalanche, offering its growing and vibrant community access to the most liquid, stable, and trusted stable coin in the digital token space.\u201d<\/p>\n\n\n\n


The integration on Avalanche would contribute to the growth and sustainability of the network while fostering the usage of stable coins across the DeFi ecosystem.<\/p>\n\n\n\n


\u201cUSDT on Avalanche is an essential building block for DeFi users,\u201d Emin G\u00fcn Sirer, Director of the Avalanche Foundation, said. <\/p>\n\n\n\n

Why The Avalanche Network?<\/h2>\n\n\n\n

Tether chose to launch its stable coin on Avalanche because the network is one of the biggest blockchains at the moment, offering users lots of opportunities, such as faster settlement, low-cost transactions, and a platform to build and host decentralized applications.<\/p>\n\n\n\n


Avalanche is an open-source network that allows decentralized application developers to deploy dApps without incurring high costs in the process.<\/p>\n\n\n\n


The Avalanche team combines both Ethereum Virtual Machine (EVM) compatibility and Solidify to speed up transactions and enable Ethereum developers to move their applications over to the network, Ardoino added.<\/p>\n","post_title":"Tether's Blockchain Expands After USDT Goes Live On Avalanche","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"tethers-blockchain-goes-live-on-avalanche","to_ping":"","pinged":"","post_modified":"2023-04-30 21:41:34","post_modified_gmt":"2023-04-30 11:41:34","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=2268","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":2232,"post_author":"1","post_date":"2021-11-03 22:56:14","post_date_gmt":"2021-11-03 11:56:14","post_content":"\n

The Commonwealth Bank<\/a> will allow users of its app to buy and sell cryptocurrencies, a first for any major Australian bank.<\/p>\n\n\n\n

The past Wednesday, Commonwealth Bank announced its partnership with crypto exchange, Gemini, and Blockchain analysis firm, Chainalysis, to offer the service to over 6.5m Australians.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/CommBank\/status\/1455688027800432644\n<\/div><\/figure>\n\n\n\n

The partnership will offer CommBank users access to 10 cryptocurrency assets including, Bitcoin, Ethereum, Litecoin, and Bitcoin Cash.<\/p>\n\n\n\n

The set date for launch isn't until 2022, but Commonwealth Bank plans to conduct a pilot for the platform within the coming weeks.<\/p>\n\n\n\n

Is this a wise move for one of Australias biggest banks and will other worldwide banks follow in their footsteps?<\/p>\n","post_title":"Australia's Commonwealth Bank App To Offer Crypto Trading","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"australias-commonwealth-bank-app-to-offer-crypto-trading","to_ping":"","pinged":"","post_modified":"2022-01-08 18:50:58","post_modified_gmt":"2022-01-08 07:50:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=2232","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":1601,"post_author":"1","post_date":"2021-11-02 14:09:06","post_date_gmt":"2021-11-02 03:09:06","post_content":"\n

Over 100 miners operating illegally in a Venezuelan farm based in a residential zone have been seized by authorities. Reports<\/a> from Venezuelan outlets state the farm was located due to its overload on the National Electric System in the Palo Verde sector of Miranda State.<\/p>\n\n\n\n

Sunacrip, the National Superintendency Of Crypto Assets and Related Activities were informed of the above information and looked further into the situation. They found 100s of Bitcoin mining equipment operating without the required permits.<\/p>\n\n\n\n

\"\"
Dipcpnb offical<\/a><\/figcaption><\/figure><\/div>\n\n\n\n

Although mining bitcoin is completely legal in Venezuela, it requires permits from Sunacrip to protect the National Electric System from overload due to the intensive energy consumption these rigs require.<\/p>\n\n\n\n

Working under the laws and regulations, workers with the required permits are allowed to import and commercialize digital mining equipment. Additionally, they can provide cloud mining services and offer hosting services for digital mining.<\/p>\n\n\n\n

But this process isn't guaranteed, so some people decide to work behind the law and create these illegal mining rigs to bypass the regulations. Sunacrip isn't against cryptocurrencies at all but, when you bypass the law and put the burden on the citizen's power there is obviously backlash.<\/p>\n","post_title":"100s Of Bitcoin Miners Seized By Venezuelan Authorities","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"bitcoin-miners-seized-by-venezuelan-authorities","to_ping":"","pinged":"","post_modified":"2022-01-08 18:50:50","post_modified_gmt":"2022-01-08 07:50:50","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=1601","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":1529,"post_author":"1","post_date":"2021-10-29 17:25:31","post_date_gmt":"2021-10-29 06:25:31","post_content":"\n

One of the largest art sales in history may have just taken place, CryptoPunk #9888 sold for $530 Million.<\/p>\n\n\n\n

Although, this is no more than just an elaborate hoax. See it is hard to trick people when you buy your own artwork, especially on a public blockchain.<\/p>\n\n\n\n

A Twitter bot tracking the sales of every CryptoPunk tweeted this on Thursday night shortly after 8 pm. <\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/cryptopunksbot\/status\/1453872415591829504\n<\/div><\/figure>\n\n\n\n

You may wonder \"What makes this NFT worth half a billion dollars?<\/a>\" and the truth is, not much actually. <\/p>\n\n\n\n

Using Rarity<\/a> ranks its Rarity Score at a mere 136.49<\/a>, compared to Punk #7804 which actually sold for $7.57M and has a rarity score of 2329.18<\/a>.<\/p>\n\n\n\n

Due to the fact this punk lacks desirable features from a collectors perspective, it quickly attracted attention to how it could sell for this sum of money. <\/p>\n\n\n\n

A look at the Ethereum Blockchain Ledger shows that it was nothing more than smart, smart contract trickery.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/nanexcool\/status\/1453874296812670976\n<\/div><\/figure>\n\n\n\n

Why Would You Buy Your Own NFT?<\/h2>\n\n\n\n

The purchase was made using a flash loan contract, essentially this is a loan that is repaid immediately. <\/p>\n\n\n\n

The owner of this Punk bought his own Cryptopunk and instantly paid back his loan, using smart arbitrage he bought millions of eyes onto his NFT for only $800 in Ethereum Gas Fees.<\/p>\n\n\n\n

Is this purely genius marketing to a not so spectacular Cryptopunk?<\/p>\n","post_title":"What's Behind The $530M CryptoPunk #9998","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptopunk-9998","to_ping":"","pinged":"","post_modified":"2022-03-14 21:05:56","post_modified_gmt":"2022-03-14 10:05:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=1529","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 83 84 85

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n


Meanwhile, privacy remains of utmost importance, as the update enables the ability to create all kinds of conditional situations where coins can be spent by other parties. It will also use the new witness version one to distinguish from older transactions.<\/p>\n\n\n\n


Although this is great news for Bitcoin, it isn't automatically implemented. The ball is now in the court of developers to make use of and build on top of the Taproot system.<\/p>\n","post_title":"The Biggest Upgrade To Bitcoin Since 2017: The Taproot Protocol","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"the-biggest-upgrade-to-bitcoin-since-2017-the-taproot-protocol","to_ping":"","pinged":"","post_modified":"2023-04-30 21:41:01","post_modified_gmt":"2023-04-30 11:41:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=2274","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":2268,"post_author":"1","post_date":"2021-11-13 18:10:50","post_date_gmt":"2021-11-13 07:10:50","post_content":"\n

Tether has announced that its stable coin, $USDT, is now available on the Avalanche network.<\/p>\n\n\n\n


Months after the initial plans to expand the USDT stable coin support to Avalanche blockchain, popular stable coin issuer Tether has launched its dollar-pegged cryptocurrency on the eco-friendly network.<\/p>\n\n\n\n


With the Avalanche launch, users can now transfer the largest stable coin by market cap at a lower cost, instantaneously. Tether\u2019s CTO, Paolo Ardoino adds:<\/p>\n\n\n\n


\u201cWe\u2019re excited to launch USDT on Avalanche, offering its growing and vibrant community access to the most liquid, stable, and trusted stable coin in the digital token space.\u201d<\/p>\n\n\n\n


The integration on Avalanche would contribute to the growth and sustainability of the network while fostering the usage of stable coins across the DeFi ecosystem.<\/p>\n\n\n\n


\u201cUSDT on Avalanche is an essential building block for DeFi users,\u201d Emin G\u00fcn Sirer, Director of the Avalanche Foundation, said. <\/p>\n\n\n\n

Why The Avalanche Network?<\/h2>\n\n\n\n

Tether chose to launch its stable coin on Avalanche because the network is one of the biggest blockchains at the moment, offering users lots of opportunities, such as faster settlement, low-cost transactions, and a platform to build and host decentralized applications.<\/p>\n\n\n\n


Avalanche is an open-source network that allows decentralized application developers to deploy dApps without incurring high costs in the process.<\/p>\n\n\n\n


The Avalanche team combines both Ethereum Virtual Machine (EVM) compatibility and Solidify to speed up transactions and enable Ethereum developers to move their applications over to the network, Ardoino added.<\/p>\n","post_title":"Tether's Blockchain Expands After USDT Goes Live On Avalanche","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"tethers-blockchain-goes-live-on-avalanche","to_ping":"","pinged":"","post_modified":"2023-04-30 21:41:34","post_modified_gmt":"2023-04-30 11:41:34","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=2268","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":2232,"post_author":"1","post_date":"2021-11-03 22:56:14","post_date_gmt":"2021-11-03 11:56:14","post_content":"\n

The Commonwealth Bank<\/a> will allow users of its app to buy and sell cryptocurrencies, a first for any major Australian bank.<\/p>\n\n\n\n

The past Wednesday, Commonwealth Bank announced its partnership with crypto exchange, Gemini, and Blockchain analysis firm, Chainalysis, to offer the service to over 6.5m Australians.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/CommBank\/status\/1455688027800432644\n<\/div><\/figure>\n\n\n\n

The partnership will offer CommBank users access to 10 cryptocurrency assets including, Bitcoin, Ethereum, Litecoin, and Bitcoin Cash.<\/p>\n\n\n\n

The set date for launch isn't until 2022, but Commonwealth Bank plans to conduct a pilot for the platform within the coming weeks.<\/p>\n\n\n\n

Is this a wise move for one of Australias biggest banks and will other worldwide banks follow in their footsteps?<\/p>\n","post_title":"Australia's Commonwealth Bank App To Offer Crypto Trading","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"australias-commonwealth-bank-app-to-offer-crypto-trading","to_ping":"","pinged":"","post_modified":"2022-01-08 18:50:58","post_modified_gmt":"2022-01-08 07:50:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=2232","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":1601,"post_author":"1","post_date":"2021-11-02 14:09:06","post_date_gmt":"2021-11-02 03:09:06","post_content":"\n

Over 100 miners operating illegally in a Venezuelan farm based in a residential zone have been seized by authorities. Reports<\/a> from Venezuelan outlets state the farm was located due to its overload on the National Electric System in the Palo Verde sector of Miranda State.<\/p>\n\n\n\n

Sunacrip, the National Superintendency Of Crypto Assets and Related Activities were informed of the above information and looked further into the situation. They found 100s of Bitcoin mining equipment operating without the required permits.<\/p>\n\n\n\n

\"\"
Dipcpnb offical<\/a><\/figcaption><\/figure><\/div>\n\n\n\n

Although mining bitcoin is completely legal in Venezuela, it requires permits from Sunacrip to protect the National Electric System from overload due to the intensive energy consumption these rigs require.<\/p>\n\n\n\n

Working under the laws and regulations, workers with the required permits are allowed to import and commercialize digital mining equipment. Additionally, they can provide cloud mining services and offer hosting services for digital mining.<\/p>\n\n\n\n

But this process isn't guaranteed, so some people decide to work behind the law and create these illegal mining rigs to bypass the regulations. Sunacrip isn't against cryptocurrencies at all but, when you bypass the law and put the burden on the citizen's power there is obviously backlash.<\/p>\n","post_title":"100s Of Bitcoin Miners Seized By Venezuelan Authorities","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"bitcoin-miners-seized-by-venezuelan-authorities","to_ping":"","pinged":"","post_modified":"2022-01-08 18:50:50","post_modified_gmt":"2022-01-08 07:50:50","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=1601","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":1529,"post_author":"1","post_date":"2021-10-29 17:25:31","post_date_gmt":"2021-10-29 06:25:31","post_content":"\n

One of the largest art sales in history may have just taken place, CryptoPunk #9888 sold for $530 Million.<\/p>\n\n\n\n

Although, this is no more than just an elaborate hoax. See it is hard to trick people when you buy your own artwork, especially on a public blockchain.<\/p>\n\n\n\n

A Twitter bot tracking the sales of every CryptoPunk tweeted this on Thursday night shortly after 8 pm. <\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/cryptopunksbot\/status\/1453872415591829504\n<\/div><\/figure>\n\n\n\n

You may wonder \"What makes this NFT worth half a billion dollars?<\/a>\" and the truth is, not much actually. <\/p>\n\n\n\n

Using Rarity<\/a> ranks its Rarity Score at a mere 136.49<\/a>, compared to Punk #7804 which actually sold for $7.57M and has a rarity score of 2329.18<\/a>.<\/p>\n\n\n\n

Due to the fact this punk lacks desirable features from a collectors perspective, it quickly attracted attention to how it could sell for this sum of money. <\/p>\n\n\n\n

A look at the Ethereum Blockchain Ledger shows that it was nothing more than smart, smart contract trickery.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/nanexcool\/status\/1453874296812670976\n<\/div><\/figure>\n\n\n\n

Why Would You Buy Your Own NFT?<\/h2>\n\n\n\n

The purchase was made using a flash loan contract, essentially this is a loan that is repaid immediately. <\/p>\n\n\n\n

The owner of this Punk bought his own Cryptopunk and instantly paid back his loan, using smart arbitrage he bought millions of eyes onto his NFT for only $800 in Ethereum Gas Fees.<\/p>\n\n\n\n

Is this purely genius marketing to a not so spectacular Cryptopunk?<\/p>\n","post_title":"What's Behind The $530M CryptoPunk #9998","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptopunk-9998","to_ping":"","pinged":"","post_modified":"2022-03-14 21:05:56","post_modified_gmt":"2022-03-14 10:05:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=1529","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 83 84 85

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n


Taproot further increases the scalability limit of the script, by not necessitating the user to reveal the entire script when in use.<\/p>\n\n\n\n


Meanwhile, privacy remains of utmost importance, as the update enables the ability to create all kinds of conditional situations where coins can be spent by other parties. It will also use the new witness version one to distinguish from older transactions.<\/p>\n\n\n\n


Although this is great news for Bitcoin, it isn't automatically implemented. The ball is now in the court of developers to make use of and build on top of the Taproot system.<\/p>\n","post_title":"The Biggest Upgrade To Bitcoin Since 2017: The Taproot Protocol","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"the-biggest-upgrade-to-bitcoin-since-2017-the-taproot-protocol","to_ping":"","pinged":"","post_modified":"2023-04-30 21:41:01","post_modified_gmt":"2023-04-30 11:41:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=2274","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":2268,"post_author":"1","post_date":"2021-11-13 18:10:50","post_date_gmt":"2021-11-13 07:10:50","post_content":"\n

Tether has announced that its stable coin, $USDT, is now available on the Avalanche network.<\/p>\n\n\n\n


Months after the initial plans to expand the USDT stable coin support to Avalanche blockchain, popular stable coin issuer Tether has launched its dollar-pegged cryptocurrency on the eco-friendly network.<\/p>\n\n\n\n


With the Avalanche launch, users can now transfer the largest stable coin by market cap at a lower cost, instantaneously. Tether\u2019s CTO, Paolo Ardoino adds:<\/p>\n\n\n\n


\u201cWe\u2019re excited to launch USDT on Avalanche, offering its growing and vibrant community access to the most liquid, stable, and trusted stable coin in the digital token space.\u201d<\/p>\n\n\n\n


The integration on Avalanche would contribute to the growth and sustainability of the network while fostering the usage of stable coins across the DeFi ecosystem.<\/p>\n\n\n\n


\u201cUSDT on Avalanche is an essential building block for DeFi users,\u201d Emin G\u00fcn Sirer, Director of the Avalanche Foundation, said. <\/p>\n\n\n\n

Why The Avalanche Network?<\/h2>\n\n\n\n

Tether chose to launch its stable coin on Avalanche because the network is one of the biggest blockchains at the moment, offering users lots of opportunities, such as faster settlement, low-cost transactions, and a platform to build and host decentralized applications.<\/p>\n\n\n\n


Avalanche is an open-source network that allows decentralized application developers to deploy dApps without incurring high costs in the process.<\/p>\n\n\n\n


The Avalanche team combines both Ethereum Virtual Machine (EVM) compatibility and Solidify to speed up transactions and enable Ethereum developers to move their applications over to the network, Ardoino added.<\/p>\n","post_title":"Tether's Blockchain Expands After USDT Goes Live On Avalanche","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"tethers-blockchain-goes-live-on-avalanche","to_ping":"","pinged":"","post_modified":"2023-04-30 21:41:34","post_modified_gmt":"2023-04-30 11:41:34","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=2268","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":2232,"post_author":"1","post_date":"2021-11-03 22:56:14","post_date_gmt":"2021-11-03 11:56:14","post_content":"\n

The Commonwealth Bank<\/a> will allow users of its app to buy and sell cryptocurrencies, a first for any major Australian bank.<\/p>\n\n\n\n

The past Wednesday, Commonwealth Bank announced its partnership with crypto exchange, Gemini, and Blockchain analysis firm, Chainalysis, to offer the service to over 6.5m Australians.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/CommBank\/status\/1455688027800432644\n<\/div><\/figure>\n\n\n\n

The partnership will offer CommBank users access to 10 cryptocurrency assets including, Bitcoin, Ethereum, Litecoin, and Bitcoin Cash.<\/p>\n\n\n\n

The set date for launch isn't until 2022, but Commonwealth Bank plans to conduct a pilot for the platform within the coming weeks.<\/p>\n\n\n\n

Is this a wise move for one of Australias biggest banks and will other worldwide banks follow in their footsteps?<\/p>\n","post_title":"Australia's Commonwealth Bank App To Offer Crypto Trading","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"australias-commonwealth-bank-app-to-offer-crypto-trading","to_ping":"","pinged":"","post_modified":"2022-01-08 18:50:58","post_modified_gmt":"2022-01-08 07:50:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=2232","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":1601,"post_author":"1","post_date":"2021-11-02 14:09:06","post_date_gmt":"2021-11-02 03:09:06","post_content":"\n

Over 100 miners operating illegally in a Venezuelan farm based in a residential zone have been seized by authorities. Reports<\/a> from Venezuelan outlets state the farm was located due to its overload on the National Electric System in the Palo Verde sector of Miranda State.<\/p>\n\n\n\n

Sunacrip, the National Superintendency Of Crypto Assets and Related Activities were informed of the above information and looked further into the situation. They found 100s of Bitcoin mining equipment operating without the required permits.<\/p>\n\n\n\n

\"\"
Dipcpnb offical<\/a><\/figcaption><\/figure><\/div>\n\n\n\n

Although mining bitcoin is completely legal in Venezuela, it requires permits from Sunacrip to protect the National Electric System from overload due to the intensive energy consumption these rigs require.<\/p>\n\n\n\n

Working under the laws and regulations, workers with the required permits are allowed to import and commercialize digital mining equipment. Additionally, they can provide cloud mining services and offer hosting services for digital mining.<\/p>\n\n\n\n

But this process isn't guaranteed, so some people decide to work behind the law and create these illegal mining rigs to bypass the regulations. Sunacrip isn't against cryptocurrencies at all but, when you bypass the law and put the burden on the citizen's power there is obviously backlash.<\/p>\n","post_title":"100s Of Bitcoin Miners Seized By Venezuelan Authorities","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"bitcoin-miners-seized-by-venezuelan-authorities","to_ping":"","pinged":"","post_modified":"2022-01-08 18:50:50","post_modified_gmt":"2022-01-08 07:50:50","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=1601","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":1529,"post_author":"1","post_date":"2021-10-29 17:25:31","post_date_gmt":"2021-10-29 06:25:31","post_content":"\n

One of the largest art sales in history may have just taken place, CryptoPunk #9888 sold for $530 Million.<\/p>\n\n\n\n

Although, this is no more than just an elaborate hoax. See it is hard to trick people when you buy your own artwork, especially on a public blockchain.<\/p>\n\n\n\n

A Twitter bot tracking the sales of every CryptoPunk tweeted this on Thursday night shortly after 8 pm. <\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/cryptopunksbot\/status\/1453872415591829504\n<\/div><\/figure>\n\n\n\n

You may wonder \"What makes this NFT worth half a billion dollars?<\/a>\" and the truth is, not much actually. <\/p>\n\n\n\n

Using Rarity<\/a> ranks its Rarity Score at a mere 136.49<\/a>, compared to Punk #7804 which actually sold for $7.57M and has a rarity score of 2329.18<\/a>.<\/p>\n\n\n\n

Due to the fact this punk lacks desirable features from a collectors perspective, it quickly attracted attention to how it could sell for this sum of money. <\/p>\n\n\n\n

A look at the Ethereum Blockchain Ledger shows that it was nothing more than smart, smart contract trickery.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/nanexcool\/status\/1453874296812670976\n<\/div><\/figure>\n\n\n\n

Why Would You Buy Your Own NFT?<\/h2>\n\n\n\n

The purchase was made using a flash loan contract, essentially this is a loan that is repaid immediately. <\/p>\n\n\n\n

The owner of this Punk bought his own Cryptopunk and instantly paid back his loan, using smart arbitrage he bought millions of eyes onto his NFT for only $800 in Ethereum Gas Fees.<\/p>\n\n\n\n

Is this purely genius marketing to a not so spectacular Cryptopunk?<\/p>\n","post_title":"What's Behind The $530M CryptoPunk #9998","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptopunk-9998","to_ping":"","pinged":"","post_modified":"2022-03-14 21:05:56","post_modified_gmt":"2022-03-14 10:05:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=1529","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 83 84 85

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n


To do this, Taproot replaces Bitcoin's current signature protocol with Schnoor Signatures<\/a> as it will make transactions smaller, while improving the scalability of the system using multi-signature scripts.<\/p>\n\n\n\n


Taproot further increases the scalability limit of the script, by not necessitating the user to reveal the entire script when in use.<\/p>\n\n\n\n


Meanwhile, privacy remains of utmost importance, as the update enables the ability to create all kinds of conditional situations where coins can be spent by other parties. It will also use the new witness version one to distinguish from older transactions.<\/p>\n\n\n\n


Although this is great news for Bitcoin, it isn't automatically implemented. The ball is now in the court of developers to make use of and build on top of the Taproot system.<\/p>\n","post_title":"The Biggest Upgrade To Bitcoin Since 2017: The Taproot Protocol","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"the-biggest-upgrade-to-bitcoin-since-2017-the-taproot-protocol","to_ping":"","pinged":"","post_modified":"2023-04-30 21:41:01","post_modified_gmt":"2023-04-30 11:41:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=2274","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":2268,"post_author":"1","post_date":"2021-11-13 18:10:50","post_date_gmt":"2021-11-13 07:10:50","post_content":"\n

Tether has announced that its stable coin, $USDT, is now available on the Avalanche network.<\/p>\n\n\n\n


Months after the initial plans to expand the USDT stable coin support to Avalanche blockchain, popular stable coin issuer Tether has launched its dollar-pegged cryptocurrency on the eco-friendly network.<\/p>\n\n\n\n


With the Avalanche launch, users can now transfer the largest stable coin by market cap at a lower cost, instantaneously. Tether\u2019s CTO, Paolo Ardoino adds:<\/p>\n\n\n\n


\u201cWe\u2019re excited to launch USDT on Avalanche, offering its growing and vibrant community access to the most liquid, stable, and trusted stable coin in the digital token space.\u201d<\/p>\n\n\n\n


The integration on Avalanche would contribute to the growth and sustainability of the network while fostering the usage of stable coins across the DeFi ecosystem.<\/p>\n\n\n\n


\u201cUSDT on Avalanche is an essential building block for DeFi users,\u201d Emin G\u00fcn Sirer, Director of the Avalanche Foundation, said. <\/p>\n\n\n\n

Why The Avalanche Network?<\/h2>\n\n\n\n

Tether chose to launch its stable coin on Avalanche because the network is one of the biggest blockchains at the moment, offering users lots of opportunities, such as faster settlement, low-cost transactions, and a platform to build and host decentralized applications.<\/p>\n\n\n\n


Avalanche is an open-source network that allows decentralized application developers to deploy dApps without incurring high costs in the process.<\/p>\n\n\n\n


The Avalanche team combines both Ethereum Virtual Machine (EVM) compatibility and Solidify to speed up transactions and enable Ethereum developers to move their applications over to the network, Ardoino added.<\/p>\n","post_title":"Tether's Blockchain Expands After USDT Goes Live On Avalanche","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"tethers-blockchain-goes-live-on-avalanche","to_ping":"","pinged":"","post_modified":"2023-04-30 21:41:34","post_modified_gmt":"2023-04-30 11:41:34","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=2268","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":2232,"post_author":"1","post_date":"2021-11-03 22:56:14","post_date_gmt":"2021-11-03 11:56:14","post_content":"\n

The Commonwealth Bank<\/a> will allow users of its app to buy and sell cryptocurrencies, a first for any major Australian bank.<\/p>\n\n\n\n

The past Wednesday, Commonwealth Bank announced its partnership with crypto exchange, Gemini, and Blockchain analysis firm, Chainalysis, to offer the service to over 6.5m Australians.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/CommBank\/status\/1455688027800432644\n<\/div><\/figure>\n\n\n\n

The partnership will offer CommBank users access to 10 cryptocurrency assets including, Bitcoin, Ethereum, Litecoin, and Bitcoin Cash.<\/p>\n\n\n\n

The set date for launch isn't until 2022, but Commonwealth Bank plans to conduct a pilot for the platform within the coming weeks.<\/p>\n\n\n\n

Is this a wise move for one of Australias biggest banks and will other worldwide banks follow in their footsteps?<\/p>\n","post_title":"Australia's Commonwealth Bank App To Offer Crypto Trading","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"australias-commonwealth-bank-app-to-offer-crypto-trading","to_ping":"","pinged":"","post_modified":"2022-01-08 18:50:58","post_modified_gmt":"2022-01-08 07:50:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=2232","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":1601,"post_author":"1","post_date":"2021-11-02 14:09:06","post_date_gmt":"2021-11-02 03:09:06","post_content":"\n

Over 100 miners operating illegally in a Venezuelan farm based in a residential zone have been seized by authorities. Reports<\/a> from Venezuelan outlets state the farm was located due to its overload on the National Electric System in the Palo Verde sector of Miranda State.<\/p>\n\n\n\n

Sunacrip, the National Superintendency Of Crypto Assets and Related Activities were informed of the above information and looked further into the situation. They found 100s of Bitcoin mining equipment operating without the required permits.<\/p>\n\n\n\n

\"\"
Dipcpnb offical<\/a><\/figcaption><\/figure><\/div>\n\n\n\n

Although mining bitcoin is completely legal in Venezuela, it requires permits from Sunacrip to protect the National Electric System from overload due to the intensive energy consumption these rigs require.<\/p>\n\n\n\n

Working under the laws and regulations, workers with the required permits are allowed to import and commercialize digital mining equipment. Additionally, they can provide cloud mining services and offer hosting services for digital mining.<\/p>\n\n\n\n

But this process isn't guaranteed, so some people decide to work behind the law and create these illegal mining rigs to bypass the regulations. Sunacrip isn't against cryptocurrencies at all but, when you bypass the law and put the burden on the citizen's power there is obviously backlash.<\/p>\n","post_title":"100s Of Bitcoin Miners Seized By Venezuelan Authorities","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"bitcoin-miners-seized-by-venezuelan-authorities","to_ping":"","pinged":"","post_modified":"2022-01-08 18:50:50","post_modified_gmt":"2022-01-08 07:50:50","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=1601","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":1529,"post_author":"1","post_date":"2021-10-29 17:25:31","post_date_gmt":"2021-10-29 06:25:31","post_content":"\n

One of the largest art sales in history may have just taken place, CryptoPunk #9888 sold for $530 Million.<\/p>\n\n\n\n

Although, this is no more than just an elaborate hoax. See it is hard to trick people when you buy your own artwork, especially on a public blockchain.<\/p>\n\n\n\n

A Twitter bot tracking the sales of every CryptoPunk tweeted this on Thursday night shortly after 8 pm. <\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/cryptopunksbot\/status\/1453872415591829504\n<\/div><\/figure>\n\n\n\n

You may wonder \"What makes this NFT worth half a billion dollars?<\/a>\" and the truth is, not much actually. <\/p>\n\n\n\n

Using Rarity<\/a> ranks its Rarity Score at a mere 136.49<\/a>, compared to Punk #7804 which actually sold for $7.57M and has a rarity score of 2329.18<\/a>.<\/p>\n\n\n\n

Due to the fact this punk lacks desirable features from a collectors perspective, it quickly attracted attention to how it could sell for this sum of money. <\/p>\n\n\n\n

A look at the Ethereum Blockchain Ledger shows that it was nothing more than smart, smart contract trickery.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/nanexcool\/status\/1453874296812670976\n<\/div><\/figure>\n\n\n\n

Why Would You Buy Your Own NFT?<\/h2>\n\n\n\n

The purchase was made using a flash loan contract, essentially this is a loan that is repaid immediately. <\/p>\n\n\n\n

The owner of this Punk bought his own Cryptopunk and instantly paid back his loan, using smart arbitrage he bought millions of eyes onto his NFT for only $800 in Ethereum Gas Fees.<\/p>\n\n\n\n

Is this purely genius marketing to a not so spectacular Cryptopunk?<\/p>\n","post_title":"What's Behind The $530M CryptoPunk #9998","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptopunk-9998","to_ping":"","pinged":"","post_modified":"2022-03-14 21:05:56","post_modified_gmt":"2022-03-14 10:05:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=1529","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 83 84 85

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n


The Taproot protocol aims to obscure complicated transactions to increase privacy on-chain while making transactions cheaper and more lightweight.<\/p>\n\n\n\n


To do this, Taproot replaces Bitcoin's current signature protocol with Schnoor Signatures<\/a> as it will make transactions smaller, while improving the scalability of the system using multi-signature scripts.<\/p>\n\n\n\n


Taproot further increases the scalability limit of the script, by not necessitating the user to reveal the entire script when in use.<\/p>\n\n\n\n


Meanwhile, privacy remains of utmost importance, as the update enables the ability to create all kinds of conditional situations where coins can be spent by other parties. It will also use the new witness version one to distinguish from older transactions.<\/p>\n\n\n\n


Although this is great news for Bitcoin, it isn't automatically implemented. The ball is now in the court of developers to make use of and build on top of the Taproot system.<\/p>\n","post_title":"The Biggest Upgrade To Bitcoin Since 2017: The Taproot Protocol","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"the-biggest-upgrade-to-bitcoin-since-2017-the-taproot-protocol","to_ping":"","pinged":"","post_modified":"2023-04-30 21:41:01","post_modified_gmt":"2023-04-30 11:41:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=2274","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":2268,"post_author":"1","post_date":"2021-11-13 18:10:50","post_date_gmt":"2021-11-13 07:10:50","post_content":"\n

Tether has announced that its stable coin, $USDT, is now available on the Avalanche network.<\/p>\n\n\n\n


Months after the initial plans to expand the USDT stable coin support to Avalanche blockchain, popular stable coin issuer Tether has launched its dollar-pegged cryptocurrency on the eco-friendly network.<\/p>\n\n\n\n


With the Avalanche launch, users can now transfer the largest stable coin by market cap at a lower cost, instantaneously. Tether\u2019s CTO, Paolo Ardoino adds:<\/p>\n\n\n\n


\u201cWe\u2019re excited to launch USDT on Avalanche, offering its growing and vibrant community access to the most liquid, stable, and trusted stable coin in the digital token space.\u201d<\/p>\n\n\n\n


The integration on Avalanche would contribute to the growth and sustainability of the network while fostering the usage of stable coins across the DeFi ecosystem.<\/p>\n\n\n\n


\u201cUSDT on Avalanche is an essential building block for DeFi users,\u201d Emin G\u00fcn Sirer, Director of the Avalanche Foundation, said. <\/p>\n\n\n\n

Why The Avalanche Network?<\/h2>\n\n\n\n

Tether chose to launch its stable coin on Avalanche because the network is one of the biggest blockchains at the moment, offering users lots of opportunities, such as faster settlement, low-cost transactions, and a platform to build and host decentralized applications.<\/p>\n\n\n\n


Avalanche is an open-source network that allows decentralized application developers to deploy dApps without incurring high costs in the process.<\/p>\n\n\n\n


The Avalanche team combines both Ethereum Virtual Machine (EVM) compatibility and Solidify to speed up transactions and enable Ethereum developers to move their applications over to the network, Ardoino added.<\/p>\n","post_title":"Tether's Blockchain Expands After USDT Goes Live On Avalanche","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"tethers-blockchain-goes-live-on-avalanche","to_ping":"","pinged":"","post_modified":"2023-04-30 21:41:34","post_modified_gmt":"2023-04-30 11:41:34","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=2268","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":2232,"post_author":"1","post_date":"2021-11-03 22:56:14","post_date_gmt":"2021-11-03 11:56:14","post_content":"\n

The Commonwealth Bank<\/a> will allow users of its app to buy and sell cryptocurrencies, a first for any major Australian bank.<\/p>\n\n\n\n

The past Wednesday, Commonwealth Bank announced its partnership with crypto exchange, Gemini, and Blockchain analysis firm, Chainalysis, to offer the service to over 6.5m Australians.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/CommBank\/status\/1455688027800432644\n<\/div><\/figure>\n\n\n\n

The partnership will offer CommBank users access to 10 cryptocurrency assets including, Bitcoin, Ethereum, Litecoin, and Bitcoin Cash.<\/p>\n\n\n\n

The set date for launch isn't until 2022, but Commonwealth Bank plans to conduct a pilot for the platform within the coming weeks.<\/p>\n\n\n\n

Is this a wise move for one of Australias biggest banks and will other worldwide banks follow in their footsteps?<\/p>\n","post_title":"Australia's Commonwealth Bank App To Offer Crypto Trading","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"australias-commonwealth-bank-app-to-offer-crypto-trading","to_ping":"","pinged":"","post_modified":"2022-01-08 18:50:58","post_modified_gmt":"2022-01-08 07:50:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=2232","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":1601,"post_author":"1","post_date":"2021-11-02 14:09:06","post_date_gmt":"2021-11-02 03:09:06","post_content":"\n

Over 100 miners operating illegally in a Venezuelan farm based in a residential zone have been seized by authorities. Reports<\/a> from Venezuelan outlets state the farm was located due to its overload on the National Electric System in the Palo Verde sector of Miranda State.<\/p>\n\n\n\n

Sunacrip, the National Superintendency Of Crypto Assets and Related Activities were informed of the above information and looked further into the situation. They found 100s of Bitcoin mining equipment operating without the required permits.<\/p>\n\n\n\n

\"\"
Dipcpnb offical<\/a><\/figcaption><\/figure><\/div>\n\n\n\n

Although mining bitcoin is completely legal in Venezuela, it requires permits from Sunacrip to protect the National Electric System from overload due to the intensive energy consumption these rigs require.<\/p>\n\n\n\n

Working under the laws and regulations, workers with the required permits are allowed to import and commercialize digital mining equipment. Additionally, they can provide cloud mining services and offer hosting services for digital mining.<\/p>\n\n\n\n

But this process isn't guaranteed, so some people decide to work behind the law and create these illegal mining rigs to bypass the regulations. Sunacrip isn't against cryptocurrencies at all but, when you bypass the law and put the burden on the citizen's power there is obviously backlash.<\/p>\n","post_title":"100s Of Bitcoin Miners Seized By Venezuelan Authorities","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"bitcoin-miners-seized-by-venezuelan-authorities","to_ping":"","pinged":"","post_modified":"2022-01-08 18:50:50","post_modified_gmt":"2022-01-08 07:50:50","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=1601","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":1529,"post_author":"1","post_date":"2021-10-29 17:25:31","post_date_gmt":"2021-10-29 06:25:31","post_content":"\n

One of the largest art sales in history may have just taken place, CryptoPunk #9888 sold for $530 Million.<\/p>\n\n\n\n

Although, this is no more than just an elaborate hoax. See it is hard to trick people when you buy your own artwork, especially on a public blockchain.<\/p>\n\n\n\n

A Twitter bot tracking the sales of every CryptoPunk tweeted this on Thursday night shortly after 8 pm. <\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/cryptopunksbot\/status\/1453872415591829504\n<\/div><\/figure>\n\n\n\n

You may wonder \"What makes this NFT worth half a billion dollars?<\/a>\" and the truth is, not much actually. <\/p>\n\n\n\n

Using Rarity<\/a> ranks its Rarity Score at a mere 136.49<\/a>, compared to Punk #7804 which actually sold for $7.57M and has a rarity score of 2329.18<\/a>.<\/p>\n\n\n\n

Due to the fact this punk lacks desirable features from a collectors perspective, it quickly attracted attention to how it could sell for this sum of money. <\/p>\n\n\n\n

A look at the Ethereum Blockchain Ledger shows that it was nothing more than smart, smart contract trickery.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/nanexcool\/status\/1453874296812670976\n<\/div><\/figure>\n\n\n\n

Why Would You Buy Your Own NFT?<\/h2>\n\n\n\n

The purchase was made using a flash loan contract, essentially this is a loan that is repaid immediately. <\/p>\n\n\n\n

The owner of this Punk bought his own Cryptopunk and instantly paid back his loan, using smart arbitrage he bought millions of eyes onto his NFT for only $800 in Ethereum Gas Fees.<\/p>\n\n\n\n

Is this purely genius marketing to a not so spectacular Cryptopunk?<\/p>\n","post_title":"What's Behind The $530M CryptoPunk #9998","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptopunk-9998","to_ping":"","pinged":"","post_modified":"2022-03-14 21:05:56","post_modified_gmt":"2022-03-14 10:05:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=1529","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 83 84 85

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

After 7 years in the making, Bitcoin has finally implemented a major update to its system as Taproot went live at block 709,632, 5:15 UTC on Sunday \u2013 November 14, 2021.<\/p>\n\n\n\n


The Taproot protocol aims to obscure complicated transactions to increase privacy on-chain while making transactions cheaper and more lightweight.<\/p>\n\n\n\n


To do this, Taproot replaces Bitcoin's current signature protocol with Schnoor Signatures<\/a> as it will make transactions smaller, while improving the scalability of the system using multi-signature scripts.<\/p>\n\n\n\n


Taproot further increases the scalability limit of the script, by not necessitating the user to reveal the entire script when in use.<\/p>\n\n\n\n


Meanwhile, privacy remains of utmost importance, as the update enables the ability to create all kinds of conditional situations where coins can be spent by other parties. It will also use the new witness version one to distinguish from older transactions.<\/p>\n\n\n\n


Although this is great news for Bitcoin, it isn't automatically implemented. The ball is now in the court of developers to make use of and build on top of the Taproot system.<\/p>\n","post_title":"The Biggest Upgrade To Bitcoin Since 2017: The Taproot Protocol","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"the-biggest-upgrade-to-bitcoin-since-2017-the-taproot-protocol","to_ping":"","pinged":"","post_modified":"2023-04-30 21:41:01","post_modified_gmt":"2023-04-30 11:41:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=2274","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":2268,"post_author":"1","post_date":"2021-11-13 18:10:50","post_date_gmt":"2021-11-13 07:10:50","post_content":"\n

Tether has announced that its stable coin, $USDT, is now available on the Avalanche network.<\/p>\n\n\n\n


Months after the initial plans to expand the USDT stable coin support to Avalanche blockchain, popular stable coin issuer Tether has launched its dollar-pegged cryptocurrency on the eco-friendly network.<\/p>\n\n\n\n


With the Avalanche launch, users can now transfer the largest stable coin by market cap at a lower cost, instantaneously. Tether\u2019s CTO, Paolo Ardoino adds:<\/p>\n\n\n\n


\u201cWe\u2019re excited to launch USDT on Avalanche, offering its growing and vibrant community access to the most liquid, stable, and trusted stable coin in the digital token space.\u201d<\/p>\n\n\n\n


The integration on Avalanche would contribute to the growth and sustainability of the network while fostering the usage of stable coins across the DeFi ecosystem.<\/p>\n\n\n\n


\u201cUSDT on Avalanche is an essential building block for DeFi users,\u201d Emin G\u00fcn Sirer, Director of the Avalanche Foundation, said. <\/p>\n\n\n\n

Why The Avalanche Network?<\/h2>\n\n\n\n

Tether chose to launch its stable coin on Avalanche because the network is one of the biggest blockchains at the moment, offering users lots of opportunities, such as faster settlement, low-cost transactions, and a platform to build and host decentralized applications.<\/p>\n\n\n\n


Avalanche is an open-source network that allows decentralized application developers to deploy dApps without incurring high costs in the process.<\/p>\n\n\n\n


The Avalanche team combines both Ethereum Virtual Machine (EVM) compatibility and Solidify to speed up transactions and enable Ethereum developers to move their applications over to the network, Ardoino added.<\/p>\n","post_title":"Tether's Blockchain Expands After USDT Goes Live On Avalanche","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"tethers-blockchain-goes-live-on-avalanche","to_ping":"","pinged":"","post_modified":"2023-04-30 21:41:34","post_modified_gmt":"2023-04-30 11:41:34","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=2268","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":2232,"post_author":"1","post_date":"2021-11-03 22:56:14","post_date_gmt":"2021-11-03 11:56:14","post_content":"\n

The Commonwealth Bank<\/a> will allow users of its app to buy and sell cryptocurrencies, a first for any major Australian bank.<\/p>\n\n\n\n

The past Wednesday, Commonwealth Bank announced its partnership with crypto exchange, Gemini, and Blockchain analysis firm, Chainalysis, to offer the service to over 6.5m Australians.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/CommBank\/status\/1455688027800432644\n<\/div><\/figure>\n\n\n\n

The partnership will offer CommBank users access to 10 cryptocurrency assets including, Bitcoin, Ethereum, Litecoin, and Bitcoin Cash.<\/p>\n\n\n\n

The set date for launch isn't until 2022, but Commonwealth Bank plans to conduct a pilot for the platform within the coming weeks.<\/p>\n\n\n\n

Is this a wise move for one of Australias biggest banks and will other worldwide banks follow in their footsteps?<\/p>\n","post_title":"Australia's Commonwealth Bank App To Offer Crypto Trading","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"australias-commonwealth-bank-app-to-offer-crypto-trading","to_ping":"","pinged":"","post_modified":"2022-01-08 18:50:58","post_modified_gmt":"2022-01-08 07:50:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=2232","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":1601,"post_author":"1","post_date":"2021-11-02 14:09:06","post_date_gmt":"2021-11-02 03:09:06","post_content":"\n

Over 100 miners operating illegally in a Venezuelan farm based in a residential zone have been seized by authorities. Reports<\/a> from Venezuelan outlets state the farm was located due to its overload on the National Electric System in the Palo Verde sector of Miranda State.<\/p>\n\n\n\n

Sunacrip, the National Superintendency Of Crypto Assets and Related Activities were informed of the above information and looked further into the situation. They found 100s of Bitcoin mining equipment operating without the required permits.<\/p>\n\n\n\n

\"\"
Dipcpnb offical<\/a><\/figcaption><\/figure><\/div>\n\n\n\n

Although mining bitcoin is completely legal in Venezuela, it requires permits from Sunacrip to protect the National Electric System from overload due to the intensive energy consumption these rigs require.<\/p>\n\n\n\n

Working under the laws and regulations, workers with the required permits are allowed to import and commercialize digital mining equipment. Additionally, they can provide cloud mining services and offer hosting services for digital mining.<\/p>\n\n\n\n

But this process isn't guaranteed, so some people decide to work behind the law and create these illegal mining rigs to bypass the regulations. Sunacrip isn't against cryptocurrencies at all but, when you bypass the law and put the burden on the citizen's power there is obviously backlash.<\/p>\n","post_title":"100s Of Bitcoin Miners Seized By Venezuelan Authorities","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"bitcoin-miners-seized-by-venezuelan-authorities","to_ping":"","pinged":"","post_modified":"2022-01-08 18:50:50","post_modified_gmt":"2022-01-08 07:50:50","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=1601","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":1529,"post_author":"1","post_date":"2021-10-29 17:25:31","post_date_gmt":"2021-10-29 06:25:31","post_content":"\n

One of the largest art sales in history may have just taken place, CryptoPunk #9888 sold for $530 Million.<\/p>\n\n\n\n

Although, this is no more than just an elaborate hoax. See it is hard to trick people when you buy your own artwork, especially on a public blockchain.<\/p>\n\n\n\n

A Twitter bot tracking the sales of every CryptoPunk tweeted this on Thursday night shortly after 8 pm. <\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/cryptopunksbot\/status\/1453872415591829504\n<\/div><\/figure>\n\n\n\n

You may wonder \"What makes this NFT worth half a billion dollars?<\/a>\" and the truth is, not much actually. <\/p>\n\n\n\n

Using Rarity<\/a> ranks its Rarity Score at a mere 136.49<\/a>, compared to Punk #7804 which actually sold for $7.57M and has a rarity score of 2329.18<\/a>.<\/p>\n\n\n\n

Due to the fact this punk lacks desirable features from a collectors perspective, it quickly attracted attention to how it could sell for this sum of money. <\/p>\n\n\n\n

A look at the Ethereum Blockchain Ledger shows that it was nothing more than smart, smart contract trickery.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/nanexcool\/status\/1453874296812670976\n<\/div><\/figure>\n\n\n\n

Why Would You Buy Your Own NFT?<\/h2>\n\n\n\n

The purchase was made using a flash loan contract, essentially this is a loan that is repaid immediately. <\/p>\n\n\n\n

The owner of this Punk bought his own Cryptopunk and instantly paid back his loan, using smart arbitrage he bought millions of eyes onto his NFT for only $800 in Ethereum Gas Fees.<\/p>\n\n\n\n

Is this purely genius marketing to a not so spectacular Cryptopunk?<\/p>\n","post_title":"What's Behind The $530M CryptoPunk #9998","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"cryptopunk-9998","to_ping":"","pinged":"","post_modified":"2022-03-14 21:05:56","post_modified_gmt":"2022-03-14 10:05:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=1529","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 83 84 85

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT

Cryptocurrencies

1 … 83 84 85

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
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