Monthly Archives: February 2021

As Millions Drown in Today’s Poverty Trap, Macro Strategist Raoul Pal Says ‘Bitcoin Is a Life Raft’

Global Macro Investor CEO, Raoul Pal, discussed the current economy this week and asked his 394,000 followers if people are using the wrong denominator when it comes to certain economic factors. One thing’s for certain, wages have not increased, no matter the common denominator people use to measure today’s salaries. Pal wholeheartedly believes that bitcoin is the only “life raft” he knows of that has “the optionality to change this [issue] over time.” Macro Strategist Asks: ‘Do We Have the Wrong Denominator?’ Raoul Pal is a bitcoin […]

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As faith in audits falter, the DeFi community ponders security alternatives

Can new code review models solve DeFi’s audit problem? As the attacks launched against popular decentralized finance (DeFi) protocols grow ever-more complex, the efficacy of audits from major security companies have in turn come under scrutiny — and some members of the DeFi community have already begun building homegrown alternatives. “I think that now, after all the hacks we’ve had, we basically understand that if you have two audits, three audits, it doesn’t mean you’re safe,” said the co-founder of DeFi Italy Emiliano Bonassi in an interview […]

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Cosmos launches Stargate, paving the way for interoperable DeFi applications

IBC is finally released, allowing the dozens of Cosmos blockchain projects to communicate with each other. After months of development, the Cosmos (ATOM) project has launched the Stargate update, which includes the highly anticipated Inter-Blockchain Communication protocol, or IBC. Announced on Thursday, the Stargate upgrade includes a series of improvements to the Cosmos protocol and its Software Development Kit. The most important of Stargate’s features is IBC, the interoperability layer for Cosmos blockchains. The protocol is one of the key elements of the Cosmos vision, allowing for […]

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Robinhood CEO calls on SEC to revise ‘outdated’ trading rules

Robinhood CEO Vlad Tenev denied that the platform was helping hedge funds, calling on the SEC to get rid of a two-day settlement rule. United States lawmakers are set to grill Robinhood CEO Vlad Tenev over the GameStop trading frenzy at a Congressional hearing later today. In his prepared remarks, Robinhood CEO appeared to place responsibility for the platform’s stock trading suspensions on the U.S. Securities and Exchange Commission. Tenev said that the company blocked trading to meet “regulatory deposit requirements” defined by the SEC. The exec specifically criticized […]

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Enterprise blockchain of today: While some fail, others show potential value

Enterprise blockchain startup Insolar ceases operations, but what went wrong? While the price of Bitcoin (BTC) continues to reach record-breaking all-time highs, the hype around enterprise blockchain adoption may seem like it’s dwindling.  Enterprise blockchain started gaining traction in 2017 when Bitcoin’s price hit a high of nearly $20,000. It was during this time that blue-chip companies, such as IBM, JP Morgan and Walmart, announced plans to incorporate blockchain networks into business processes like supply chain management. A number of innovative startups also began building their own […]

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Israeli digital securities exchange gets preliminary green light from regulators

The Israel Securities Authority has approved a request from Simetria to operate a digital bulletin board for investors ahead of its digital securities exchange launch. An Israeli start-up that aims to establish a digital ledger technology-based digital securities exchange in the country has received its first, encouraging go-ahead from the Israel Securities Authority. In an application letter filed with the regulator on Feb. 14, Simetria had sought the ISA’s approval to operate a digital bulletin board as a preliminary step in its roadmap for the eventual launch of […]

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Canada Has Approved Two Bitcoin ETFs — First One Starts Trading Today

Two bitcoin exchange-traded funds (ETFs) have been approved in Canada. Evolve Bitcoin ETF has become the second bitcoin ETF to get approval by Canada’s securities regulator. The first approved bitcoin ETF starts trading Thursday. Some believe that the approval of bitcoin ETFs in Canada improves the chances of one being approved by the U.S. Securities and Exchange Commission (SEC). Two North American Bitcoin ETFs Approved North America now has two approved bitcoin exchange-traded funds. Evolve Funds Group Inc. announced Tuesday that it has been cleared to launch […]

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Spiderman NFT sells for 12.75 ETH as Marvel comic artists land on Ethereum

With great rarity apparently comes great value. An Ethereum-based Spiderman NFT just sold for $25k as Marvel comics enter the blockchain realm. A unique Spiderman drawing by Marvel comics artist Adam Kubert has sold for 12.75 Ether (ETH) ($25,000) after being turned into a non-fungible token on the Ethereum blockchain. Kubert’s piece is one of 25 unique artworks expected to be launched as NFTs by several Marvel artists, including Dan Panosian, Matteo Scalera, Dave Johnson, Andy Kubert and Eric Canete, as announced on Feb. 15. The NFTs are […]

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‘Insane’ Bitcoin price consolidation means $48K is the new BTC support level

A fundamental shift in technicals suggests that bulls should treat $48,000 like the new $35,000, says Glassnode. Bitcoin (BTC) has seen “unreal” price consolidation since the start of February 2021 — and fundamental support is now at $48,000. According to on-chain monitoring resource Glassnode, the second month of the year has been a formative period for Bitcoin like no other. $35,000 Bitcoin? So last month Discussing the current state of the Bitcoin network, co-founders Yann Allemann and Jan Happel said that many price indicators had been allowed a […]

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MicroStrategy Will Now Buy $1 Billion In Additional Bitcoin

microstrategy seeks to buy somewhere between 900 million and 1 billion dollars of bitcoin asap. robinhood finally will allow crypto withdrawals, and much more! Social Media: Support Me On Patreon: https://www.patreon.com/mrsotkogaming Follow me on Twitch: http://www.twitch.tv/mrsotko Follow me on Twitter: https://twitter.com/MrSotkoGaming Follow me on Instagram: https://www.instagram.com/mrsotko/ Discord: https://discord.gg/r2Yf8Ae Litecoin donation address: LZaQgPhBvQT6PC2gAnLsQGPPaYDPm5dyNx Ethereum only donation address: 0x125DE6B8FAb078701e0b11ECb1A6bDF3aF9E73dc Bitcoin donation address: 144vfND4SGhYxyjAWKHBETGncuwdYKmoyG BAT Donation Address: 0xC868a8322A714Bd506aB27768a3DDb9D4d2228Cd Sign Up To Coinbase For $10 Free in BTC – https://www.coinbase.com/join/pittse_d Sign Up To Kucoin To Trade Crypto – https://www.kucoin.com/ucenter/signup?rcode=r28raM mrsotko@gmail.com #bitcoin […]

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