Monthly Archives: February 2021

Discussing Bitcoin Softchains, Sidechains Using PoW Fraud Proofs

Listen To This Episode: Apple Spotify Google Libsyn Overcast In this episode of “The Van Wirdum Sjorsnado,” hosts Aaron van Wirdum and Sjors Provoost were once again joined by Ruben Somsen. This time, they discussed one of Ruben’s own proposals, called “softchains.” Softchains are a type of two-way peg sidechain that utilizes a new type of consensus mechanism: proof-of-work fraud proofs (or, as Provoost prefers to call them, “proof-of-work fraud indicators”). Using this consensus mechanism, users don’t validate the content of each block, but instead only check […]

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0x takes initial steps towards decentralizing governance

As the price for ZRX surges, the 0x team is taking initial steps towards community governance In a post today on their governance and research forums, the team behind decentralized finance (DeFi) DEX protocol 0x announced initial plans to decentralize their governance by creating a “community-owned treasury seed-funded by 0x Labs.” “As we continue our mission to create a tokenized world where all value can flow freely, 0x Labs intends to experiment with seed-funding a community treasury managed by a DAO,” reads the post. “To establish the […]

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Spike in DeFi lending pushes Compound (COMP) price to a new high at $570

New entrants to the DeFi sector and established traders looking to borrow funds have pushed the price of Compound (COMP) to a new all-time high. As Bitcoin and numerous altcoins surge toward new all-time highs, traders who are coin rich but cash poor are increasingly flocking to decentralized finance lending platforms where they can collatoralize their holdings to raise funds for new investments.  Compound is one of the leading DeFi lending platforms and over the past month its TVL and governance token price has rallied to new […]

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Bitcoin ETF Approved: First North American Bitcoin ETF Set to Trade on Toronto Stock Exchange

The first bitcoin exchange-traded fund (ETF) in North America has been approved to launch in Canada. Purpose Bitcoin ETF, an alternative mutual fund, is expected to list and trade on the Toronto Stock Exchange. With this approval, the U.S. has fallen behind Canada in approving a bitcoin ETF. First Bitcoin ETF Approved in North America The Ontario Securities Commission approved a bitcoin exchange-traded fund (ETF) called Purpose Bitcoin ETF on Thursday. The fund’s filing describes that “This ETF is an alternative mutual fund” that “invests in and […]

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Former risk analyst explains why he’s selling his Bitcoin

According to his logic, Bitcoin has been a failure for 11 years. Bitcoin has gained significant media attention in recent days, in line with its price rise to nearly $50,000, the institutional implications of Tesla’s recent $1.5B purchase. Nassim Nicholas Taleb, who previously worked as a risk analyst and options trader, views Bitcoin (BTC) less than optimistically, however. “I’ve been getting rid of my BTC,” Taleb said in a tweet on Friday, as reported by BNN Bloomberg. “Why? A currency is never supposed to be more volatile than what […]

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Traders say there aren’t many reasons to be bearish on Bitcoin

Bitcoin remains bullish, according to a couple traders. Bitcoin hit just shy of $50,000 in the past 24 hours, following news earlier this week that Tesla had purchased $1.5 billion worth of the asset. Despite Bitcoin (BTC) rising more than 100% past its 2017 high near $20,000 over the course of the past few months, Cheds, a crypto analyst and trader on Twitter, thinks the scene remains bullish.  “I think many people are looking for a local top here, or perhaps reasons for one because the price has risen so […]

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Mayor’s Proposal To Integrate Bitcoin Into Miami’s Operations Receives Approval

In a Twitter video posted late last night, Miami Mayor Francis Suarez announced that city commissioners have supported his resolution to explore letting residents pay city fees or property taxes in bitcoin, allowing city employees to receive compensation in bitcoin and giving Miami the opportunity to invest in bitcoin. Exploring: • State legislative priority• Paying employees in Bitcoin• Investing City treasury in Bitcoin We got it done pic.twitter.com/88laGvVbEG — Mayor Francis Suarez (@FrancisSuarez) February 12, 2021 “I want to thank the city of Miami commissioners for supporting […]

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Law Decoded: Of ICBMs, BTC and ETFs, Feb. 5–12

Exploring where national security meets securities offerings in this week’s crypto news. Every Friday, Law Decoded delivers analysis on the week’s critical stories in the realms of policy, regulation and law. Editor’s note A wise man once said, “there’s security and there’re securities,” and if he didn’t, he should’ve. In modern English, it seems a quaint coincidence that the word “security” refers to both safety and a broad class of investments. But as pending arguments about, say, meme-propelled trading in securities are set to take place in […]

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Price analysis 2/12: BTC, ETH, ADA, XRP, DOT, BNB, LTC, LINK, XLM, BCH

Altcoins are soaring to new highs while Bitcoin price trades in a sideways range near the $47,000 support. Financial regulators across the world finally seem to be warming up to the idea that cryptocurrencies can trade in tandem with stock markets and also in exchange-traded funds (ETF).  On Feb. 11, Canada’s Ontario Securities Commission approved the proposal of a Bitcoin ETF by Accelerate Financial, which marks the first approval of a Bitcoin (BTC) ETF in North America. The Australian Securities and Investments Commission has also softened its […]

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Cointelegraph to gift NFTs to honorees on its ‘Notable 100’ blockchain list

The members of our Top 100 Notable People in Blockchain deserve more than just our respect… Now that Cointelegraph’s “Top 100 Notable People in Blockchain 2021” has been fully revealed, you’d be forgiven for thinking that the surprises were over for another year. Well, not quite. We believe that those who gained a place within our list deserve more than simply being celebrated on our website… so we’ve immortalized them as unique nonfungible token artworks designed by the talented illustration team here at Cointelegraph. But unless you’re […]

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