Monthly Archives: September 2020

Firstderivative Yield Farming Project Is Now Live With x10 Bonus

The latest trends at the cryptocurrency market are largely characterized by DeFi gaining more momentum and the upcoming launch of ETH 2.0 staking algorithm. As both DeFi and staking markets keep growing swiftly, their synergy also strengthens, leading to an increased superposition and consequently more composability. However, those processes come with a number of complications like increased gas price, the need to constantly monitor the markets closely as well as having to pick between DeFi lending and staking. In order to fix the staking’s existing issues we […]

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OKEx CEO slams Binance’s Changpeng Zhao for promoting questionable DeFi projects

Jay Hao did not mince words in disparaging Binance for strategies he referred to as “irresponsible.” OKEx CEO Jay Hao called out Binance and its CEO Changpeng Zhao for their recent support of certain DeFi projects. He also claimed that Binance Smart Chain, or BSC, is highly centralized, noting that it is wholly controlled by a single team. According to Hao, BakerySwap, built on BSC, collapsed after only 12 hours, leading to protests in China and elsewhere: Source: Twitter. Today’s thread follows up on a series of tweets […]

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EU to see comprehensive crypto regulation by 2024

Crypto continues its trek into the mainstream. The European Union, or EU, plans to incorporate crypto and blockchain technology into its main processes by 2024.  Over the next four years, the economic union aims to firm up fresh regulations that will promote blockchain and digital asset usage for international money transfers, according to details from internal documents that Reuters published Friday.  The documents detailed: “By 2024, the EU should put in place a comprehensive framework enabling the uptake of distributed ledger technology (DLT) and crypto-assets in the financial sector […]

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The President of Abkhazia lifts country’s ban on crypto-related activities

That may not necessarily be a good thing for the struggling state. The de facto state of Abkhazia threw the towel on its fight against crypto mining, with the president recently announcing measures to lift the nation’s current ban.  According to Finanz.ru, Aslan Bzhania stated on Thursday that his government plans to introduce “the most optimal mechanism” to regulate crypto mining, rather than maintaining the state’s current prohibition on blockchain-related activities. Earlier this week, Ruslan Kvarchia, director of operational and technological management of the state’s official energy […]

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Price analysis 9/18: BTC, ETH, XRP, DOT, BCH, BNB, LINK, CRO, LTC, BSV

Bitcoin and altcoins are facing selling near key resistance levels, but for now the possibility of a sharp fall remains low. The U.S. Federal Reserve recently hinted that it could keep interest rates near zero at least through 2023. The Bank of England went a step ahead and said that it could explore options for cutting rates below zero in order to support an economy battered by the coronavirus lockdowns and the upcoming Brexit. In other news, Kraken exchange has become the first digital asset company to […]

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Early Bitcoiner got into the space due to his lack of Blackjack skills

Bitcoin losses hurt more as the price goes up. Joel Birch, co-founder of automated crypto investment platform Stacked, detailed his initial dive into Bitcoin (BTC) as a way of gambling on the internet.  “I bought my first Bitcoin because I was playing Blackjack online,” Birch told Cointelegraph in an interview. “Bitcoin was about $250 a piece, and so, back in 2015, I lost what would be the equivalent of hundreds of thousands of dollars today, playing Blackjack.” Between 2015 and 2017, Bitcoin rose from $200, all the […]

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MicroStrategy’s CEO reveals the company’s surprising Bitcoin buying strategy

Such an effort may show long-term dedication to the asset class. Mainstream business intelligence behemoth MicroStrategy has made a number of headlines in recent days for its initial $250 million Bitcoin (BTC) investment. The company later poured a subsequent $175 million into the asset — a lengthy endeavor totaling almost 100 hours of work.  “To acquire 16,796 BTC (disclosed 9/14/20), we traded continuously 74 hours, executing 88,617 trades ~0.19 BTC each 3 seconds,” MicroStrategy CEO Michael Saylor said in a Sept. 18 tweet. Approximately “$39,414 in BTC […]

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Law Decoded: E Pluribus SHA-256

New developments at the state level in the U.S. defined this week’s regulatory news. By way of disclaimer, today’s Law Decoded is going to be especially America-centric. Writing to you from the ghastly swamp that is Washington, D.C., I generally try to keep these newsletters more globally minded, displeased as I am with how often the news cycle acts like this town is the center of the solar system.  Thematically, however, the relationship between the capital and the rest of the country is central to this week’s […]

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UK Mulls Over Negative Interest Rates, US to Keep Near Zero Rates for Years

The Bank of England is now seriously considering implementing negative interest rates while the U.S. Federal Reserve has pledged to keep interest rates near zero for years. Some analysts say even the Fed will soon consider negative interest rates. Meanwhile, many expect a boost to the price of bitcoin. Central Banks Mull Over Negative Interest Rates The U.S. Federal Reserve and the Bank of England made major announcements this week. Following its two-day policy meeting which concluded Wednesday, the Fed pledged to keep its key interest rate […]

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Mystery shoppers reveal that banks are struggling with COVID-19 response

Despite the COVID-19 pandemic, banks are reluctant to suggest alternative channels to their customers, says report. A recent study examined the response of the 15 leading North American banks to the COVID-19 pandemic. Researchers discovered that tellers only at three banks wore masks 100% of the time.  Participants visited 700 bank branches across the continent belonging to leading institutions, such as Bank of America, Chase, Citibank and TD Bank. Overall, these 15 banks operate over 33,000 branches. Source: Dalbar. It appears that the ATMs present the sorest point […]

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