|All Time High:|
|Market Cap: |
|The price of #PAID today is $0.026 USD.|
The lowest PAID price for this period was $0, the highest was $0.026, and the exact current price of one PAID crypto coin is $0.02579.
The all-time high PAID coin price was $6.23.
Use our custom price calculator to see the hypothetical price of PAID with market cap of ETH or other crypto coins.
|The code for PAID Network crypto currency is #PAID. |
PAID Network is 2 years old.
|The current market capitalization for PAID Network is $4,850,868.|
PAID Network is ranked #1134, by market cap (and other factors).
|There is a modest daily trading volume on #PAID.|
Today's 24-hour trading volume across all exchanges for PAID Network is $58,972.
|The circulating supply of PAID is 188,101,116 coins, which is 32% of the maximum coin supply.|
PAID Academy x Hacken : Security Course
PAID Academy x Hacken : Security Course - Last November, we announced our partnership with Hacken, our blockchain security experts and pledged to do our part to help make the blockchain space more secure and accessible for both users and developers alike. As a security consulting firm, Hacken provides both new and established blockchain projects with a range of services designed to minimize attack surface, improve resilience, and boost user trust. These include blockchain, smart contract, and DApp audits, as well as a powerful bug bounty solution. One of the most renowned security consultants in the blockchain space, Hacken has proven instrumental in helping some of the industry’s biggest players identify and defend against exploits. In 2021 alone, the firm audited more than 300 different projects, formed partnerships with over 70 ecosystem products, and established the first-of-its-kind whitehat blockchain security community known as Hacken Scout. Now, we are working alongside Hacken to help improve grassroots awareness in the blockchain industry, helping to make it a safer, more accessible place for all participants. This will expand on this point and provide a comprehensive security resource for participants in this burgeoning landscape. — The Importance of Security - In 2021 alone, hackers stole more than $1.3 billion from DeFi protocols. According to Chainalysis’ 2022 crypto crime report, a staggering $14 bi...
Ignition 2.0 — Update 1
Ignition 2.0 — Update 1 - PAID Community, we have some big news for you all! Our Ignition launchpad is getting a facelift, and we’re making some amazing changes to the look, feel, and usability of our product. Ignition operates as a decentralized swapping protocol that allows blockchain-based token projects to offer private and public auctions to participants, that is currently leveraging the power of Ethereum, Binance Smart Chain and smart contracts. We have launched over 100 amazing projects in the past and are dead set on launching many more in the future. Our new UI/UX will rest at the forefront of all your interactions with the Ignition ecosystem, and we will be giving you more updates in the coming weeks about what you can expect. But let’s tell you a bit more about it now without giving it all away. This first update will feature a great new look, in line with the new direction of the brand. Our new UI/UX won’t only improve your experience on Ignition; it will host a number of additional features to enhance the way you utilize our launchpad. This will all be achieved through a series of updates that will create a more user-friendly and intuitive experience. We’re making things easier for you so you can focus on capitalizing on amazing opportunities with ease. Ramsees Mechan, PAID Network Creative Director, says: “We are very excited about this update and everything it will bring to the Ignition launc...
Why it’s important to always be fresh in today’s environment
It’s hard work to stay relevant in today’s fast-paced, constantly-connected world. And that’s especially true in the rapidly evolving industry of blockchain, where brands need to be prepared to adapt their strategies on an ongoing basis to stay ahead of the curve and remain fresh. At PAID Network, we are all about Growth, Promise, and Passion, and in order to deliver these core values consistently to our global community, we recently refreshed our website and logo to align it with our vision and the direction our ecosystem is going. For more info on the ideas behind our rebranding, click here. So why did we do it? Innovation and adaptation are key to staying relevant in today’s digital age. Your brand sets you apart from your competition and tells customers who you are, what you stand for, and why they should choose you over anyone else. So if your brand identity starts to feel unrepresentative of your future direction, it might be time for a refresh! Keeping your image and communications fresh and exciting is important to any industry and does not only apply to blockchain projects. It’s always useful to take a step back every few years and ask yourself the question, does my brand represent where my company is going? If it’s a question that is hard to answer, it may be worth re-evaluating your design, language, or identity in order to make them more consistent with your values. Stay fresh and on top of everyone...
Transacting Safely on Web 3.0
One of the major merits of Web 3.0 is the added benefit of ownership, this means being able to own, track, and trade assets created on the blockchain. This could be digital art, a tweet, in-game items, crypto coins and many more. The way people interact with decentralized applications (dApps) built on a blockchain like Ethereum or Solana is through a crypto wallet. People that often transact on Web 3.0 generally have a few rules of thumb that they follow to stay safe when frequenting the many spots in the crypto space. Web 3.0 has slowly moved into the mainstream with millions of users now transacting on the decentralised web. Crypto and blockchain adoption has seen a gigantic increase in the last few years, with the total transaction volume increasing over 500% in 2021 alone. This means that there is a massive increase in new users and money flowing in and out of crypto every year. Unfortunately, this also means that there are additional malicious actors that wish to profit from new entrants to the space. Since users now have the benefit of owning and managing all their digital assets on their own, the responsibility of its security also now rests in their hands.How can I become less vulnerable to malware with my wallets, personal data, and when generally transacting on Web 3.0? First and foremost, is the reliability and security of all the applications used to interact with dApps and the crypto space in general. Make sure...
Growth, Promise, and Passion — The core themes behind our rebranding
Growth, Promise, and Passion — The core themes behind our rebranding PAID Community, our new website and logo are live, and we are excited to share them with you. That’s right; we recently gave our brand a refresh to enhance our image and merge it further with our core values and the personality of our global community and ecosystem. We have always believed in delivering the best products and services, while developing a community of loyal blockchain minds and enthusiasts since our inception. PAID’s vision is all about blockchain, integration, and synergy, and these are the core values that drive us daily to explore new technologies and systems, work alongside them and bring them into our ecosystem for you all to experience and enjoy. This is just another step forward for PAID Network as we innovate grow, and solidify our identity in the space of blockchain technology. With that in mind, we believe our new branding represents our ethos more accurately, PAID network as a network of endless possibilities. The new logo focuses on PAID as a globally integrated blockchain focussed ecosystem. The design of the old logo concentrated on “tokenomics,” where it resembled the global currency such as the USD. The new PAID is fully focused on integration and synergy depicted by “interlocking chains,” which represents the power of blockchain systems and the future of such technologies. For the color scheme of our new look,...
AirDrops and giveaways: what can be the true cost of these gifts?
If you’ve ever been an active member of a crypto community and wanted to participate in a project in its early stages, you’ve certainly received an airdrop at some point. Projects that are busy getting off the ground will send out free tokens to members of their communities, usually as part of a marketing initiative to spread their tokens and awareness of the project. New projects will generally host airdrops and giveaways to increase the participation of those that are interested in it. This method ensures that tokens are dropped straight into the wallets of thousands of participants so that the users can utilize them for whatever purpose the platform has intended. Tokens can be dropped into wallets for various reasons:Participants complete tasks — like following a social media page or resharing an event etc. — to qualify for the airdrop at a specified date.Users that meet certain requirements — like holding an NFT, having a certain balance in their wallet, or holding a specific coin — can receive their airdrop.Participants can claim their tokens from a smart contract based on a snapshot of the blockchain at a previous date. There are some risks associated with airdrops and the chance of a fake airdrop is always a reality. Sometimes fake airdrops are promoted to gain a user base for a totally different project. It’s important to make sure that when registering that it is an official page and ...
Protection Against Data Tampering
For a long time, data tampering was limited to simple attacks such as data corruption which is immediately noticed, or “cooking the books” to disguise embezzlement or any other financial irregularities. As technology developed, so too has the scope of data tampering. As of late, data tampering is being done with far more serious intent, such as redirecting shipments at sea or capturing sensitive information, for example. The crux of the matter is that data tampering is becoming much easier and more sophisticated as cybercriminals now gain access to artificial intelligence, automated and orchestrated data-tampering attacks. The meteoric increase in data stored in databases, and user demand to access it makes the potential for unauthorized modifications increasingly frequent. As such, more and more financial transactions occur online and the incentive to perform data tampering rises in parallel. Data tampering is not only a threat to businesses, but also life and property. Due to the potentially catastrophic consequences data tampering may have, organisations must take steps to prevent the possibility of such attacks and ensure they have plans in place to mitigate the effects of an attack, should it occur. There are several ways in which data can be protected. One is through enforcing encryption for data-at-rest and data-in-transit. Data, whether at rest or in transit, leaves organisations vulnerable to data tampering and o...
PAID Website and Logo Refresh
PAID Community, we are excited to announce that we are giving our brand a refresh by rolling out a new website and logo design that will provide PAID Network with a sleek new look, one more in line with the values and personality of our ecosystem. At PAID Network, we are true believers in the benefits of change and are not afraid to mix things up in ways that will only improve the engagement and enthusiasm behind our ecosystem and all of the products and services we offer. As you may be aware, we have been active under our current branding for quite some time now and feel like a change is needed to make it more representative of our activities and the community that drives us forward. With that in mind, our new website and logo brings together our main values that include security, integration, blockchain, and synergy into a modern and innovative visual representation aimed at uniting our ecosystem and global community along with our activities. Get ready for some amazing opportunities and offerings within the PAID Network ecosystem in weeks and months to come with this exciting new update. About PAID PAID Network seeks to redefine the current business contract, litigation, and settlement processes by providing a simple, attorney-free, and cost-friendly DApp for users and businesses to ensure they #GetPAID wherever they are in the world. PAID technology leverages Plasm to operate on both Ethereum and Polkadot ecosystems. PA...
How to buy NFT’s without any risks?
Blockchain and crypto technology is notoriously unforgiving for users who don’t know how to work it. This is doubly true if they also aren’t aware of the different risks in the space posed by hackers, scammers, and other malicious events. The novelty and complexity of NFTs are some of the main reasons why individuals open themselves up to the various risks posed by the nascent crypto-based technology. Individuals should remember that there are also outside threats that increase the risk of buying, selling, and owning NFTs. This guide aims to help to minimize the risks by informing users what they could potentially be faced with when dealing with NFTs. Simply put, non-fungible tokens (NFTs) are digital certificates of ownership that cannot be copied because of their cryptographic signature — even if they appear to look similar. They cannot be traded one for one or tokenized due to the ERC-721 cryptographic standard they are built on. NFTs gained popularity by becoming non-fungible art pieces and avatar icons — some of which are priced in the millions — and have since exploded in pop culture and trading volume. Any type of data can be stored as an NFT, they can be associated with images, videos, audio, physical objects, memberships, and countless other use cases. NFTs typically give the holder ownership over the data or media the token is associated with, and are commonly bought and sold on a specialized...
Apollo-X Katılım Kuralları
Apollo-X Katılım Kuralları Değiştirilme tarihi: 10 Mart 2022 Per, 17:57 1. Apollo-X ile IDO’lara katılma süreci, aşağıda belirtilen sırayla gerçekleştirilmesi gereken dört (4) ana aşamadan oluşur: A. Kimlik Doğrulama (KYC): Kimlik doğrulama sürecini tamamlayınız. Kimlik doğrulama süreci çekiliş kazanan kişinin IDO’ya katılmaya uygun olduğunu onaylar ve bölgesel, ülkesel veya proje yönetimi tarafından belirlenen kısıtlamalara uğramamasını sağlar. B. Katman Seçme Ve PAID Token’larını Stake Etme: Katılmak istediğiniz katman için gereken miktarda PAID Token’ı 14 günlük bir süre için stake ediniz. C. Önsatış Token’larını Satın Alma/ Poola Katılma: Poola FCFS First Come First Serve (Önce gelen alır) esasına göre katılınız. D. Alınan Token’ları Cüzdana tazmin etmek: Önsatıştan satın aldığınız token’larınızı, Apollo-X pool kapandıktan sonra, projenin borsalarda listelenme esnasında cüzdanınıza çekip işlem yapabilirsiniz. Projenin listelenme zamanını belirleme sorumluluğu Apollo-X’e değil, tamamen proje ekibinin insiyatifindedir. NOT: Apollo-X IDO’larına katılmak isteyen tüm başvuru sahipleri, şu anda Apollo-X’te aktif olan önsatışlar için yukarıdaki sırayı izlemelidir. Katılmak isteyenler, çekilişe katılmak için tarih ve saatleri gösteren PAID duyurularını incelemelidir. Her projenin kendi içinde farklı ...
More PAID Network (#PAID) News
|Kevin O'Leary Reveals FTX Paid Him $15 Million to Become a Spokesperson ...
Shark Tank star Kevin O'Leary, aka Mr. Wonderful, has revealed that the collapsed crypto exchange FTX paid him about $15 million to become its spokesperson. 'I put about $9.7 million into crypto. I think that's what I lost. I don't know. It's all at zero,' O'Leary said.Kevin O'Leary Was Paid $15M by FTX
Shark Tank star Kevin O'Leary revealed in an interview with CNBC Thursday that the collapsed crypto exchange FTX paid him about $15 million last year to become its spokesperson.
Noting that he fell prey to 'groupthink,' O'Leary detailed:
Total deal was just under $15 million, all in … I put about $9.7 million into crypto. I think that's what I lost. I don't know. It's all at zero.
The Shark Tank star further revealed that he also had over $1 million of FTX equity, which is now rendered worthless due to the bankruptcy protection process. In addition, Mr. Wonderful explained that the balance of a little over $4 million was purportedly eaten up by taxation and agent fees. He admitted:
It was not a good investment.
FTX filed for bankruptcy on Nov. 11 and Sam Bankman-Fried (SBF) stepped down as the CEO. The company is now being investigated for mishandling customer funds. FTX's new CEO, John Ray, told the bankruptcy court: 'Never in my career have I seen such a complete failure of corporate controls and such a complete absence of trustworthy financial information as occurred here.'
Despite stating that he lost millions of dollars in the FTX collapse, O'Leary has insisted th...
|Here's How Much Kevin O'Leary Got Paid to Promote FTX
The infamous Canadian investor and Shark Tank star Kevin O’Leary spoke further about FTX’s collapse on Thursday, revealing the exact amount of money FTX paid him to promote their brand.
He also broke down how much money he lost within the exchange, and what the investor mentality surrounding the company was like prior to its collapse.
Kevin O’Leary’s FTX Deal
In conversation with CNBC on Thursday, O’Leary explained that institutional interest in FTX US equity was incredibly high when it was still solvent. Nevertheless, he refused to bring other parties aboard as Limited Partners given that he was a paid spokesperson for the company, meaning he didn’t lose any money inside the company that wasn’t his own.
When asked how much he was paid for the promotion, O’Leary said the deal worth roughly $15 million in total. That included funds for various agents he needed to pay, and $9.7 million in crypto investments, and $1 million in the company's equity.
The investor has since lost all of those funds within FTX after his account got “scraped,” along with the relevant data.
“It was not a good investment,” he said. “I don’t make great investments all the time. Luckily, I make more good ones than bad ones, but that was a bad one.”
In August of 2021, O’Leary claimed that the now-defunct exchange met his own “rigorous standards” for regulatory comp...
|How a Hacker Got Paid $50 Million for Exploiting a DeFi Protocol
With October becoming one of the worst months in terms of hacks against crypto platforms, Mango Markets - a Solana-based DeFi project - stood out with an exploit worth about $115 million.
The latest developments brought some relief to affected users but also showed how a hacker could profit legitimately by founding vulnerabilities in DeFi protocols.
The Multi-Million Hack
CryptoPotato reported earlier this week when the Solana-based project became the latest victim to a DeFi exploit, with initial reports claiming that the attacker swiped $100 million worth of digital assets. The amount could be a bit higher, according to more recent estimations.
Both parties sat at the online negotiation table after the hack, with the attacker proposing to erase all the bad debts. This was voted against by the community, even though the hacker had obtained a massive portion of the protocol's governance token MNGO and voted in favor of their own proposition.
The counter proposal by the Mango team offered the attacker to keep around $50 million if they agreed to return the remaining funds. Additionally, the team promised not to engage in any criminal prosecution as well as erase the bad debt.
According to an October 15 tweet, the attacker indeed returned $67 million in crypto assets. The team also asked the community to meet on Monday to vote on 'how we can sort out this mess.'
But to set expectations clear, there should be multiple DAO votes next week, to agree on the exact procedure and amou...
|Someone Paid $60K (36 ETH) in Fees to Mint the First NFT on Ethereum Aft...
The Ethereum network went through its largest upgrade in history, transitioning to a Proof-of-Stake consensus algorithm.
Immediately after that, users are finding clever ways to commemorate the event and to become part of history.
In this particular case, a user spent a whopping 36 ETH worth about $60K at current rates to mint the very first-ever non-fungible tokens on the PoS-based Ethereum network.
This is what the NFT looks like:
Minted at block height 15537394, the image itself represents a panda face and is called 'The Transition.'
There's a certain irony in the fact that someone paid so much to mint an NFT, but it's also important to note that the Merge itself doesn't do much to decrease gas fees on Ethereum's network.
This is one of the most popular misconceptions about the event.
The Merge has changed the overall consensus algorithm and doesn't expand the network capacity - this is why it won't significantly reduce the gas fees.
However, there are multiple scaling solutions that are to be deployed at a later stage to tackle this particular challenge.
The post Someone Paid $60K (36 ETH) in Fees to Mint the First NFT on Ethereum After The Merge appeared first on CryptoPotato.
|A Doctor Paid $60K Worth of BTC to Hitmen to Kidnap His Wife
Ronald Craig Ilg - a 55-year-old former neonatologist from Spokane, Washington - admitted to transferring $60,000 worth of bitcoin to multiple hitmen on the Dark Web whose task was to cause severe injuries to an ex-colleague of his. Apart from that, he ordered the criminals to kidnap his estranged wife and inject her with heroin so she would drop divorce proceedings.
Ilg now faces five to eight years of prison time. The US authorities will announce the exact punishment in November 2022.
The FBI Prevented the Crimes
Despite his profession, Ronald Ilg was willing to cause significant harm to one of his former colleagues. In 2021, he contacted numerous killers on the notorious Dark Web, insisting that they injure or even break the hands of the victim. To conceal his identity, he used the pseudonym 'Scar215' and the password 'Mufassa$$.'
Initially, Ilg transferred $2,000 worth of bitcoin to the criminals and provided them with the victim's picture and address. He also insisted on evidence once the beating was done and assured that there will be another task in the future:
'I would like to see evidence that it happened. If this goes well, I have another, more complicated job for an entirely different target with entirely different objectives.'
The subject of his next crime was his estranged wife, who had already filed divorce papers against him. He paid nearly $60,000 in BTC to the Dark Web wrongdoers so they could kidnap her and inject her with heroin. Under the effect of the dru...
|Celsius Paid Back Entire Loan to Maker, Reclaiming Nearly 22K BTC Collat...
After paying back an additional $41.2 million in Dai to decentralized lending platform Maker, Celsius Network now can reclaim approximately $450 million worth of BTC locked up as collateral on the protocol.
Celsius has been actively paying back its loans to Maker in the past few days in a bid to drastically lower the liquidation price for its Bitcoin collateral.
The centralized lending platform made its final push on Thursday, clearing up all the remaining $41.2 million loan to Maker, freeing up a total of 21,962 wrapped BTC, according to on-chain data provided by Defiexplore.com.
The wallet that belongs to Celsius also indicates that the lending platform has paid off additional loans to other decentralized lending platforms such as Aave and Compound during the same period.
As reported by CryptoPotato earlier, Celsius has slowly reduced its debt to the Maker protocol since earlier this month. It had paid back $224 million over the last seven days.
The main objective of the loan repayments is to reclaim its locked-up collateral and ease the strained liquidity that had forced the beleaguered firm to halt withdrawals and transactions on June 12 to avoid a run on deposits.
Fundstrat analyst Walter Teng reportedly stated that after the massive collateral gets released, Celsius is expected to sell the asset through OTCs or centralized exchanges in order to meet requirements from creditors and customers trying to withdraw their funds. As a result, this may cause a short-term ...
|Reports Claim Russia Defaulted on Foreign Debt for the First Time in a C...
According to reports, the Russian Federation has defaulted on its foreign debt for the first time since 1918. Bondholders told the press that they had not received payments from the transcontinental country. However, Russia's finance ministry denies the allegations and says the country made the payments via the Euroclear monetary system.Russia Is Accused of Foreign Debt Default, Moscow's Finance Ministry Claims the Country Paid Bondholders
Media reports are claiming that Russia has defaulted on its foreign currency debt for the first time in more than 100 years. Financial sanctions against the transcontinental country have made it difficult for Russia to access the international payment systems. On Sunday, a $100 million interest payment was allegedly missed after the U.S. Treasury blocked a method that allowed the Kremlin to pay its debts by converting rubles.
Now that the grace period is over, bondholders will have to agree on whether or not it is officially a default against the loans. Reuters claims Russia's move to not pay is 'an act of political theatre at bondholders' expense' and default makes them 'political stooges.' The Kremlin, however, claims otherwise and says that the default is a 'farce' because Western sanctions blocked the country's payments. Russia's finance ministry said it had made the payments to bondholders denominated in euros.
Russia Blames Financial Blockade - Kremlin Spokesperson Says It's 'Not Our Problem'
The Russian government entity says the de...
|Terraform Labs Has Paid in Full its Taxes in South Korea, Says Do Kwon
A lot has been said about Do Kwon, his cryptocurrency project, and the failure of the two native digital assets in the past two weeks. One of them included owning $78 million in taxes to South Korea, but Kwon refuted this, saying his firm had paid its dues.
CryptoPotato summarized the events that transpired two weeks ago when UST - the algorithmic stablecoin issued by Terra - lost its peg against the dollar (supposed to be 1:1).
This allowed users to profit by arbitrage trading against LUNA, which essentially tanked both assets' prices. As of now, LUNA trades at $0.00016 (it was worth $80 earlier in May), and UST is at $0.06.
Being the person behind the Terra ecosystem, Do Kwon attracted massive negative attention, from being reportedly harassed at home to being in the grasp of losing multi-million dollar bets and having to find a solution to a desperate situation.
Another blow came earlier this week when reports emerged claiming that Terra had to pay $78 million in taxes to the South Korean government.
Responding to a question on the matter from a community member, Kwon said, 'we have no outstanding tax liabilities in Korea.' He added that the local tax agency had conducted a tax audit, but his company had 'paid in full.'
Understand why this would be interesting to look at for gossip but not sure if its relevant to anything thats going on
Korean govt needed money to shore up covid spending, creatively charged millions from crypto companies, and we paid our share in full -...
|Report: Two South Koreans Paid in Bitcoin to Spy for North Korea
South Korean law enforcement recently announced the arrest of a serving military captain and an operator of a cryptocurrency exchange on charges of spying for a North Korean hacker. In return for the acts of espionage, the two South Korean individuals were allegedly paid bitcoins worth a total of $637,789. South Korea's Joint Command and Control Targeted
Two South Korean citizens, a businessman running a crypto asset management firm and a serving captain of the country's army, were arrested on suspicion of passing military secrets to a North Korean hacker. In exchange for passing on the sensitive information, the individuals were allegedly paid in bitcoin worth $600,000 and $37,789, respectively.
In an AFP report, South Korean law enforcement is quoted stating that the arrest was the first time a civilian and an active-duty military captain have been caught spying for North Korea. With respect to the captain, whose name has not been identified, the country's authorities said the individual had passed information used for logging into South Korea's Joint Command and Control System to an alleged North Korean spy.
The cryptocurrency exchange operator, on the other hand, is accused of giving a spying device to the military captain. The operator did this at the behest of the North Korean spy, the report said. In addition to the wristwatch-like spying device, the businessman is also reported to have bought and assembled a hacking device resembling a USB. The device would be used to...
|Cash App Introduces Paid in Bitcoin, BTC Roundup and Lightning Network S...
At the Bitcoin 2022 conference in Miami, Block, Inc., formerly Square, Inc., announced three new bitcoin services for the company's mobile payment platform. The mobile payment platform Cash App will feature a 'paid in bitcoin' service that allows users to auto-invest their work pay into bitcoin.Cash App Adds 3 New Bitcoin Services
Jack Dorsey's Block announced in Miami that the Cash App mobile payment system will offer three new features. The San Francisco company explained that the first feature will be a 'paid in bitcoin' service that allows people to convert their pay into bitcoin (BTC).
Cash App users will be able to convert 1% or up to 100% of their payroll into the leading crypto asset. The Block, which also manages Spiral, TIDAL, and TBD, explained at the conference that the team has been working on the idea since 2019.
The next service the company revealed was a bitcoin round-up service which basically allows Cash App users to round up spare change from purchases into bitcoin (BTC). Essentially, the user's Cash App card transactions will round up the purchases and automatically transfer the change to the user's BTC wallet.
Block is not the first firm to introduce paid in bitcoin services or BTC round-up services, as the concepts have been around for quite some time. For instance, people can leverage Coinbase or Bitwage to be paid in crypto as well, and Bundil and Roundlyx offer BTC round-up products.
The third feature Cash App announced at the Miami bitcoin conference...
|CashApp Rolls Out “Get Paid in Bitcoin” Service
CashApp – the mobile payment service developed by Block – announced many major Bitcoin-related upgrades on Thursday. One of the new integrations allows users to automatically convert their incoming paychecks into Bitcoin.
Another Wave of Bitcoin Features
CashApp is quite familiar with Bitcoin and its surrounding technology already. It already allows users to purchase Bitcoin alongside stocks, and to send lightning network payments to wallets capable of receiving them.
In fact, another of today’s upgrades allows CashApp to receive lightning payments as well. That puts the app on both sides of Bitcoin’s premiere layer 2 scaling solution, which allows for transactions far cheaper and faster than on-chain ones. Yesterday, Bitcoin payment provider “Bitpay” began allowing its merchants to do the same.
Regarding its “Get Paid in Bitcoin” service, users can also auto-convert any percentage of their fiat salaries into Bitcoin, which is sent to CashApp through automated clearing house rails. According to Miles Sutter – Crypto Product Lead at CashApp – the service is completely free.
“This is the largest deployment of a feature like this at scale to date,” he explained at the Bitcoin 2022 Conference earlier today. “We already have a significant number of customers receiving recurring paychecks into CashApp.”
The app works by simply selecting a salary percentage to convert into Bitcoin, and tapping &ldquo...
|Member of St. Maarten's Parliament Plans to Have His Entire Salary...
On Saturday, the leader of the United People's Party and member of St. Maarten's Parliament, Rolando Brison, announced that he's become the first elected official to request his entire salary paid in bitcoin cash. Brison believes St. Maarten can be the 'Crypto Capital of the Caribbean,' as long as his country continues to embrace blockchain technology and cryptocurrency solutions.MP Wants St. Maarten to Become the 'Crypto Capital of the Caribbean'
While El Salvador is known for its bitcoin tender law, the Caribbean has become a hotbed for cryptocurrency adoption and more specifically with bitcoin cash (BCH). Data from map.bitcoin.com shows there are currently hundreds of merchants in the Caribbean accepting BCH for goods and services. On March 19, a member of St. Maarten's Parliament and the leader of the United People's Party (UP Party St. Maarten), Rolando Brison, announced that he is receiving his entire salary in bitcoin cash (BCH).
The government official believes that St. Maarten should continue its path toward delving 'into the ever-growing cryptocurrency phenomenon.' Brison insisted during his announcement that he has requested St. Maarten's finance minister Ardwell Irion to update him on plans for using blockchain technology in government. 'I believe St. Maarten has a chance to be the 'Crypto Capital of the Caribbean' if we continue to innovate and embrace cryptocurrency and all the benefits of blockchain technology,' Brison explained in a statement on Saturday.
|Someone Paid $500K in ETH Fees to Mint 950 Tubby Cat NFTs
Yesterday saw one of the most highly-anticipated collections of non-fungible tokens go through its public sale. As expected, the event was heavily populated by bots, and one of them managed to mint 950 tubby cats, spending 200 ETH in gas in the process.
Explaining Tubby Cats
Tubby Cats is a collection of 20,000 unique non-fungible tokens (NFTs) that went through its whitelist and public mint over the course of this week. In a bid to incentivize decentralized ownership of the NFTs and to produce as many holders as possible, the team behind the project whitelisted almost 20,000 people who were able to mint a tubby cat for the price of 0.1 ETH.
This is what some of them look like:
However, out of those 20K spots, about 15,000 minted, and the rest was dropped to the public. As the developers of the project and many other NFT proponents warned, the event was populated by bots.
In fact, the developer of the project's smart contract even detailed the expected gas prices for the public mint prior to the event.
For people participating in public mint, these are the gas prices we'll likely see (between the two columns) and their associated cost per tubby.
If you are going to bid below these gas prices DONT PARTICIPATE IN MINT since your tx will fail.
Also: always mint 5 tubbies pic.twitter.com/TtfieJbkNV
— 0xngmi (@0xngmi) February 23, 2022
Here Comes the Bots
As it happens with every highly-expected public mint, the event was instantly sniped by bots. One of them managed to s...
|Heavyweight Champ Francis Ngannou Plans to 'Take Half of His UFC 2...
The reigning UFC Heavyweight Champion Francis Ngannou has announced the mixed martial artist has partnered with the payments firm Cash App and plans to take half of his UFC 270 purse in bitcoin. Ngannou told his 620,100 Twitter followers that he believes 'bitcoin can empower people everywhere.'
'Bitcoin Is the Future and I'm a Believer' - Mixed Martial Arts Champ Francis Ngannou to Take Half of His Purse in Bitcoin
On January 18, 2022, the Ultimate Fighting Championship (UFC) Heavyweight Champion Francis Ngannou explained that the fighter plans to get half of his UFC 270 purse paid in bitcoin (BTC). UFC 270: Ngannou vs. Gane will debut on Saturday, January 22, 2022, as the 'Predator' Ngannou will face the mixed martial artist 'Bon Gamin' Ciryl Gane. The knockout artist Ngannou will defend his title at the Honda Center in Anaheim, California.
The French Cameroonian mixed martial artist will join the likes of athletes like Russell Okung, Odell Beckham Jr, and Aaron Rodgers choosing to be paid in bitcoin. That's according to Ngannou's tweet on Tuesday that said he plans to take half of his UFC 270 purse in bitcoin. Moreover, the UFC fighter also said that he thinks bitcoin empowers people, when he stated:
I believe bitcoin can empower people everywhere. So I'm excited to partner [with] Cash App to take half my UFC 270 purse in bitcoin.
Ngannou Is Giving $300K in Bitcoin Away to a Lucky Fan
In addition to getting paid half of his purse in BTC, Ngannou said he planned to give a...