Monthly Archives: July 2020

3 Big Blockchain Companies Teamed Up on a DeFi Product That Pays Passive Income

Cosmos, Polkadot, and Terra have announced “Anchor.â€� In a special announcement made at the Unitize conference on July 6,  Cosmos, Polkadot, and Terra revealed a new DeFi savings product called Anchor that aims to offer dependable interest rates on stablecoins deposits. The companies involved in the creation of Anchor plan to launch it across their respective blockchains at the end of Q3 this year and scale across to other PoS blockchains in the future. Do Kwon, founder and CEO of Terra, explained in a prepared statement: “While […]

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IPOs Are ‘Really Not Worth It’ Says Tim Draper

Serial blockchain investor Tim Draper welcomes diversity in terms of funding blockchain and crypto startups. Tim Draper, a famous American venture capitalist and serial cryptocurrency investor, believes that initial public offerings, or IPOs, are not the best source of funding for industry firms. The billionaire investor joined the Unitize conference on July 6 to talk about investing in early stage blockchain startups. Draper’s thoughts on IPOs During the Unitize panel, Draper highlighted that existing regulations make it difficult for blockchain companies to go public. “I don’t recommend […]

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Three Female Binance Award Nominees Get Blocked From Instagram

Three female crypto influencers were “deplatformedâ€� from Instagram after critiquing the Binance Influencer Awards. Rachel Siegel, also known as CryptoFinally, was recently the only woman nominated for the Binance Influencer Awards. She alleges that she and two fellow female crypto influencers were deplatformed from Instagram following their criticism of the underrepresentation of women in the Blockchain industry. The other women who were allegedly targeted are TechWithCatalina and GirlGoneCrypto.  Questioning the status quo Siegel told Cointelegraph that she has been very vocal about underrepresentation of women in the […]

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Price Analysis 7/6: BTC, ETH, XRP, BCH, BSV, LTC, ADA, BNB, CRO, EOS

Bitcoin and altcoins pushed higher today and many are showing signs of a possible trend reversal. The U.S. equity markets, gold, crude oil and the crypto markets are all up today. This shows that the U.S. investors have returned from the holiday weekend charged up and ready to buy assets to fight the likely devaluation in the U.S. dollar due to the Federal Reserve’s current monetary policy.  Sino Global Capital CEO Matthew Graham believes that China wants to internationalize the renminbi as a direct challenger to the […]

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Bitcoin Volatility Hits Three-Year Low, Sparking Fears of Massive Sell-Off

The cryptocurrency data analytics and research company, Skew has warned that bitcoin could see a massive sell-off due to declining volatility. The data analytics firm says that bitcoin (BTC) realized volatility hit 20% over the past 10 days – it’s the lowest 10-day reading in nearly three years. “Last time we reached that level, we had the great sell-off of November 2018 shortly after,” Skew cautioned on Monday. Back then, the price of BTC crashed by almost 50% from $6,500 in November to around $3,200 in early […]

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How Bitcoin Is Becoming Both Resistance Money and a National Security Concern

Meltem Demirors and Andy Bromberg spoke at a Unitize panel on the future evolution of Bitcoin and how geopolitics is beginning to enter the ecosystem. In little more than 10 years, Bitcoin (BTC) grew from a small cypherpunk community to a matter of national security with vast implications for geopolitics. At the Unitize panel titled “From Bitcoin to Fedcoin: The Next Decade of Digital Money,â€� Meltem Demirors, CSO of CoinShares, and moderated by Andy Bromberg, president of CoinList, actually spent very little time discussing Fedcoin and central […]

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Video: How To Install MyNode on Your Old Casa Node

Bitcoiners attempting to do their part to secure the network, and run their own full nodes that fully validate transactions and blocks, often turn to hardware and software solutions provided by a range of groups. But those who were leveraging node hardware provided by Casa are now in search of a new solution. Casa no longer supports its node hardware with ongoing updates, leaving plenty of Bitcoiners wondering how they can keep an updated full Bitcoin node running on their old Casa Node hardware. In the video […]

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The Tokenized Metaverse: Non-Fungible Token Sales to Surpass $100 Million

On July 1, 2020, the partner of Polynexus Capital, Andrew Steinwold, detailed that the sales of blockchain-powered non-fungible tokens (NFTs) are about to cross the $100 million mark. The popularity of NFTs has grown massive since 2017, as blockchain cards, collectibles, digital artwork, virtual land parcels, and extensible virtual game items have become all the rage. Blockchain-Fueled Non-Fungible Token Assets Close to $100M in Sales Andrew Steinwold the managing partner at Polynexus Capital is a big believer in non-fungible token (NFT) solutions built using blockchain technology. NFTs […]

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World’s Largest Pension Fund Lost the Equivalent of Bitcoin’s Entire Market Cap in Just Three Months

The world’s largest pension fund posted a first-quarter loss of $165 billion, which is equivalent to the Bitcoin’s entire market capitalization. The biggest pension fund in the world lost $164.7 billion in the first quarter of 2020. This is equivalent to the entire market capitalization for Bitcoin (BTC). Bitcoin didn’t do any better Japan’s Government Pension Investment Fund, or GPIF, decreased in value by almost 11% to 150.63 trillion yen or $1.4 trillion. This was the fund’s steepest quarterly decline since 2008.  Dow Jones & BTC. Source: […]

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Expert: Digital Yuan Will Have a Hard Time Displacing Tether in Asia

China’s CBDC wants to displace the US dollar, but Genesis Block’s Charles Yang believes it doesn’t offer a compelling alternative to USDT. China’s central bank digital currency is usually identified as a way to challenge the dominance of the U.S. dollar, not Bitcoin (BTC). But it may struggle to find adoption in niches where crypto versions of the dollar thrive, primarily USDT. At the Unitize panel on Monday, Charles Yang from Genesis Block explained why the DCEP, commonly referred to as digital yuan, is not particularly attractive […]

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