BumbleBeeCrypto

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Donald Trump says NFT project not launched for the money, but for art

Donald Trump says NFT project not launched for the money, but for art

Ex-President Donald Trump has received received criticism for a shameless money grab from his fans in relation to his NFT project. Critics claim the NFT project is a cheap and lazy con on his followers as they appear to be a collection of Trump’s face photoshopped onto other existing NFT projects or even pasted onto Halloween costume ads, some with the watermark not even removed. The images were…

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SEC continues attempts to block critical documents in XRP lawsuit with Ripple

SEC continues attempts to block critical documents in XRP lawsuit with Ripple

The SEC has filed to seal certain critical documents relating to its lawsuit against the San Francisco payments company Ripple and its cryptocurrency XRP. The U.S. Securities and Exchange Commission (SEC) requested to seal documents that contain internal SEC deliberations and notes about a speech delivered by former SEC official William Hinman back in 2018. During that speech Hinman stated in…

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Cardano's Charles Hoskinson will test new Cardano wallet security with $1M ADA

Cardano (ADA) co-founder Charles Hoskinson states he is willing to bet on an upcoming security feature for the new Lace wallet.

Cardano (ADA) co-founder Charles Hoskinson states he is willing to bet on an upcoming security feature for the new Lace wallet. What is the Cardano (ADA) lace wallet? Lace Cardano Wallet is a secure and user-friendly cryptocurrency wallet designed specifically for the Cardano blockchain. It is an open-source wallet that allows users to store, manage, and transact with their Cardano (ADA) and…

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Ripple is close to Launching Native NFT Support on XRPL

Ripple is close to Launching Native NFT Support on XRPL

According to an XRPL Validator named xSPECTAR, the XLS 20 proposal that would enable native NFT support on XRPL may go live shortly. David Schwartz, the CTO of Ripple confirmed that it is now live and added that NFTs have already been minted via twitter earlier today. Thanks to the collective effort of the #XRPL community and @RippleXDev engineers, XLS-20 is now enabled on the XRP Ledger…

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Coinbase joins group supporting Ripple XRP against the SEC

Coinbase joins group supporting Ripple XRP against the SEC

Coinbase has joined a trade group and other groups in arguing the SEC’s case against Ripple’s XRP threatens the broader crypto industry. The popular Crypto exchange has petitioned a federal court for permission to file a friend-of-the-court (amicus) brief in the ongoing lawsuit between the U.S. Securities and Exchange Commission (SEC) and Ripple Labs. In doing so, Coinbase joins the Blockchain…

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2.5 million crypto wallets opened on Reddit after NFT marketplace launched

2.5 million crypto wallets opened on Reddit after NFT marketplace launched

In total there are 3 million users that have opened Reddit Vault crypto Wallets, 2.5 million of the new wallets have opened since Reddit’s NFT marketplace opened this summer. Reddit claims it has 50 million daily active users and grossed over $350 million in earnings last year, so its jump into Web3 and NFTs is likely to bring even more revenue to the platform. The massive jump in crypto wallets…

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Bloomberg analyst believes Bitcoin will rally to $100k

Bloomberg analyst believes Bitcoin will rally to $100k

Mike McGlone, a senior commodity strategist at Bloomberg Intelligence believes Bitcoin will trade at $100k as more investors continue to obtain the digital asset. The analyst believes that Bitcoin is at its most discounted price on the 100 week and 200 week moving average. He also predicted that the crypto asset would trade 5x its current price in five to ten years. During a…

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What is Aptos? Is it a Solana Killer?

What is Aptos? Is it a Solana Killer?

Founded by the developers behind Meta’s Diem blockchain, Aptos’ use of a new transaction ordering method has attracted many savvy investors. When it comes to smart contract blockchains that provide DeFi, DAOs, NFT trading and a plethora of abilities Ethereum remains the king. However critics of Ethereum will tout its speed and costs associated with transactions compared to some competitors as a…

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Ripple begins testing the XRPL sidechain compatible with Ethereum

Ripple begins testing the XRPL sidechain compatible with Ethereum

Ripple XRP Developers have begun testing a new sidechain on the XRP Ledger (XRPL) that will make XRPL compatible with the Ethereum (ETH) blockchain. In a recent post from RippleX, a community of XRPL developers, the firm says that blockchain development company Peersyst Technology is currently testing an Ethereum Virtual Machine (EVM) compatible sidechain for XRPL. The goal for this project is…

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Mastercard working on offering banks an easy way into Crypto trading

Mastercard working on offering banks an easy way into Crypto trading

Mastercard’s working on program that will help banks with crypto trading, regulatory compliance, and meeting security requirements. According to a new reporting by CNBC, Mastercard plans to serve as a bridge between banks and crypto infrastructure firm Paxos to make it easier for clients of the banks to access digital assets or crypto. Mastercard says the program aims to take care of the…

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Ripple CEO says SEC has no regard for those harmed by the XRP lawsuit

Ripple CEO says SEC has no regard for those harmed by the XRP lawsuit

The Ripple Labs CEO Brad Garlinghouse says the SEC does not care about those it has harmed with its XRP lawsuit. Garlinghouse tells his large twitter following that the SEC’s lawsuit is not about upholding the law, but instead about consolidating power. “My outrage has grown as the litigation has unfolded. There is no recourse. There is no consequence to those that brought this lawsuit. The…

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SEC investigating Bored Ape Yacht Club (BAYC) creator Yuga Labs

SEC investigating Bored Ape Yacht Club (BAYC) creator Yuga Labs

A source familiar with the matter said the SEC is looking into whether certain NFTs from Yuga Labs could be “more akin to stocks” then just NFTs. Sources say that the United States Securities and Exchange Commission (SEC) probe into Yuga Labs is a part of a wider investigation into the non-fungible token (NFT) market, which was already reported earlier this year. The probe is likely looking at…

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Google adds crypto payment option by partnering with Coinbase

Google adds crypto payment option by partnering with Coinbase

Google will start accepting crypto payments for cloud services early next year. The payments will be accepted via an integration with the crypto exchange Coinbase. The partnership was announced Tuesday during Google’s Cloud Next conference. Crypto payments will initially only be offered to a handful of customers involved in the Web3 industry. Google will also use Coinbase’s custody service,…

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Solana wallet hack causes millions in stolen funds from Solana users effected

The Solana (SOL) blockchain is currently under attack with many users reporting that their wallets have been drained of funds without consent or knowledge of any transactions.

The Solana (SOL) blockchain is currently under attack with many users reporting that their wallets have been drained of funds without consent or knowledge of any transactions. What we currently know about the Solana hack At this time it appears that the attack is linked to “hot wallets” on the Solana blockchain including some of the more popular ones like Phantom wallets, Trust wallets and…

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Bitcoin Bulls hold $23K BTC price as they ward off bears calling for additional downside

Bitcoin Bulls hold $23K BTC price as they ward off bears calling for additional downside

Bitcoin (BTC) price action avoids a disappointing monthly close, but large market investors are demanding more proof of fundamental strength. Bitcoin (BTC) tested the price of $23,000 as support on the Aug. 1 Wall Street open with key moving averages in focus.  Bitcoin (BTC) price on 1 week candles, August 1, 2022 Bitcoins 200-week moving average watched carefully Bitcoin had inspired the…

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What is a Dynamic NFT and what differentiates it from standard NFTs

What is a Dynamic NFT and what differentiates it from standard NFTs

Dynamic NFTs, which are also sometimes called “Living NFTs” use smart contracts to change their properties based on outside or external data sources. We explain below how Dynamic NFTs work. What is a Non-Fungible Token (NFT)? According to the Wikipedia definition “A non-fungible token (NFT) is a non-interchangeable unit of data stored on a blockchain, a form of digital ledger, that can be sold…

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SEC reportedly launches investigation into Coinbase, alleging trading of 'unregistered securities'

SEC reportedly launches investigation into Coinbase, alleging trading of ‘unregistered securities’

The SEC has reportedly launched an investigation into Coinbase and alleges the exchange trades unregistered securities. The bloomberg report quoted several sources that the probe will look into whether Coinbase allowed its U.S. investors to trade digital assets that should have been registered as securities. This is a separate probe from the insider trading investigation reported last…

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