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Mozilla – the non-profit behind the Firefox browser – has revised its crypto donation policy following backlash online about the technology’s energy use. Now, it will continue to accept some cryptos, but refuse Bitcoin and other proof of work cryptocurrencies. Proof of work (POW) cryptos require electricity/ computing power for users to compete to construct a block of transactions. By contrast, proof of stake (POS) cryptocurrencies make users stake their crypto holdings for the right to create a block. This…

Working with the US department of homeland security, the Australian Police Force has arrested three men with ties to an ongoing statewide case of money laundering and drug importation using cryptocurrencies. Detainees Found With Cash and Narcotics As shown by a video released following the arrest, authorities arrested one of the 3 men, aged 34, on the fly. Using unmarked vehicles officers came up to a black car which they then searched. The video depicts the officers recovering a parcel…

There is no way to avoid NFTs if you've been on the internet recently. Some view them as the future of technology, while others regard them as potential fraud. NFTs had great success in 2021, which is probably because of their natural integration with Metaverse projects. It is not surprising that many important companies (even outside of the gaming world) have decided to invest in the Metaverse. Rumors claim that Activision may be the latest company to join this trend…

Tesla’s founder and CEO, Elon Musk, withdraws from joining Twitter’s board of directors. Parag Agrawal, Twitter’s CEO announced this in a tweet in the early hours of Monday, 11th April.  Elon has decided not to join our board. I sent a brief note to the company, sharing with you all here,” Agrawal tweeted.  Musk was offered a seat on the board a day after he disclosed a 9.2% stake in the company, which made him Twitter’s biggest shareholder. According to…

Terra bought yet another $176 million worth of BTCs. The foundation’s BTC stash is just short of 2 billion dollars, as it closes in on its target of $10 billion. Terraform Labs, the development firm behind Terra (LUNA), made its recent purchase over the weekend, according to a tweet by crypto researcher Pompliano. CEO Do Kwon first shared news on Wednesday that the foundation had purchased about $230 million in BTC. Barely half a week later, the foundation made yet…

Get the weekly summary of crypto market analysis, news, and forecasts! This Week’s Summary The Crypto Market ends the week at a total market capitalization of $1,981 trillion. Bitcoin is down by roughly 8% after a disappointing week. Ethereum lost almost 7% of its value over the past seven days. XRP dropped by nearly 10% this past week. Almost all altcoins are trading in the red, with very few exceptions. The DeFi sector lost over $1.5 billion from the Total…

13-year-old digital artist, Nyla Hayes is fast building a multimillion-dollar empire by selling her artworks as NFTs. Her illustrations depict both everyday women and famous women as having long necks. Nyla has featured prominent women in her pieces like former US First Lady, Michelle Obama and former Associate Justice of the US Supreme Court, Ruth Bader Ginsburg. Her works are on the NFT marketplace Opensea and have recorded sales of thousands of dollars. In March, her “Long Neckie Lady” sold…

Developers of the meme token, "Let's Go Brandon", have been accused of robbing investors via a pump-and-dump scheme.  Eric De Ford, a supposed victim of the scam, filed a lawsuit against the LGB creators for unlawfully manipulating prices. LGB creators allegedly maneuvered prices to their advantage by inciting a price pump, before selling off their assets shortly after. Accusers claim that the defendants walked away with significant profits while leaving other unsuspecting investors in the red. Hence, Ford filed a…

Scammers posing as Azuki creators are taking over verified Twitter handles to promote a fake NFT airdrop. Twitter accounts affected include those belonging to several journalists and media professionals. After hijacking an account, the scammer edits the profile text and images, disguising the handle as one belonging to a  co-creator of Azuki. Afterward, the scammer proceeds to make a tweet promising a “secret airdrop” of Beanz, a collection of 20,000 NFTs that airdropped for free to Azuki holders on March…