Monthly Archives: April 2021

Bitcoin caught in the crossfire as Turkish opposition leader voices support

After a blanket ban on crypto, Bitcoin is now a talking point for Turkey’s politicians. Shortly after a Friday morning “diktat” from Turkey’s freshly-appointed central bank governor that effectively banned any and all use of cryptocurrency in the country, Bitcoin (BTC) now appears caught in a partisan dustup as a Turkish opposition party leader has voiced support for the digital currency.  As reported by Cointelegraph, Turkey’s central bank announced on Friday that starting April 30, any cryptocurrency payments and fiat-to-crypto onramp transactions will be rendered illegal. Additionally, […]

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Ethereum bulls hedge their bets ahead of next week’s $250M ETH options expiry

$250 million in Ethereum options are set to expire on April 23 and derivatives data shows bulls still have a slight advantage. Ether (ETH) paved the way for lower transaction costs with the Berlin upgrade on April 15. However, traders already know that the Ethereum Improvement Proposal 1559 is the most anticipated and controversial change scheduled for the upcoming London hard fork. The EIP introduces a base fee that will be burned when a transaction occurs, while miners receive a tip for validating transactions. This move would […]

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Miami-Dade County Could Soon Let Residents Pay Taxes With Bitcoin

A Miami-Dade County commissioner is exploring the feasibility of residents paying their taxes and fees in bitcoin and other cryptocurrencies. Danielle Cohen Higgins, District 8 County’s commissioner and representative on the Miami-Dade Board of County Commissioners, is putting forth a resolution for establishing a cryptocurrency task force that would assess the feasibility of allowing residents to pay for county taxes, fees and services with bitcoin and other cryptocurrencies. The goal, Cohen Higgins told Miami News Times, is to get Miami-Dade County a step ahead of the other […]

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Turkey Bans Bitcoin Payments As Lira Crashes

The Central Bank of the Republic of Turkey has instituted a ban on cryptocurrency payments, as its own fiat currency is devalued. Turkey has instituted a ban on all cryptocurrency payments as its own fiat currency, the lira, is failing. The ban is said to commence at the end of April. “Payment service providers cannot develop business models in a way that crypto assets are used directly or indirectly in the provision of payment services and electronic money issuance, and cannot provide any services related to such […]

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Scaramucci surprised at lack of banking response to Coinbase listing

Will competing companies come out of the woodwork? After much anticipation, Coinbase listed on the Nasdaq on Wednesday via a direct listing. Skybridge founder Anthony Scaramucci thinks the event should have been met with more attention from banks.  “What I’m surprised about frankly is there isn’t a wake-up call at the banks, the commercial banks, like there was for the Netscape IPO in 1995 at microsoft,” Scaramucci told CNBC on Friday after noting Coinbase’s connection with Bitcoin, in line with the asset’s growth and technical framework. He […]

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Federal Reserve Chairman Jerome Powell Says Cryptocurrencies Are ‘Vehicles for Speculation’

The Federal Reserve chairman believes that cryptocurrencies are “really vehicles for speculation” and “No one is using them for payments.” He then compared crypto to gold. His comments about cryptocurrency followed Coinbase’s direct listing on Nasdaq. Fed Chair Powell Thinks Crypto Is for Speculation Federal Reserve Chairman Jerome Powell talked about cryptocurrency in an interview with The Economic Club of New York on Wednesday. The event took place amid Coinbase’s IPO via a direct listing on Nasdaq. With the rising popularity of bitcoin and cryptocurrencies, he was […]

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Peer-To-Peer Is Patriotic

The founding principles of Bitcoin echo that of the genesis of the United States of America. In the spring of 1774, the British Parliament passed the Coercive Acts, dubbed the (1946) Leaders of the Continental Congress–John Adams, Morris, Hamilton, Jefferson / A. Tholey. Constitutional Convention Paper Money Unconstitutional, Voted Down: 9–2 James Madison carefully drafted a set of notes, warnings and explanations from his famous speech opposing paper money to the Constitutional Convention on November 1, 1786. Following the speech, the framers of the US Constitution voted […]

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Is DeFi yield appetite rising again? Enso raises $5M as YFI hits new highs

Enso raises $5 million from top funds and YFI price hits a new record high as the demand for DeFi yield rises. The appetite for DeFi is rising again as blue chips are rallying and yield-earning strategy-sharing platforms, like Enso, are on the rise. Enso, a platform where users can share yield-earning strategies, raised $5 million on April 13 from top U.S. venture capital firms including Polychain Capital and Multicoin Capital. Synthetix (SNX) founder Kain Warwick, Aave founder Stani Kulechov, Dfinity COO Artia Moghbel, and other prominent angels […]

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ECB endangers itself by waiting around on digital euro, says ConsenSys exec

“Who’s gonna use the euro in its current form? There are gonna be so many choices” said ConsenSys South Africa lead Monica Singer. The European Central Bank will put itself in jeopardy if it waits around a digital euro too long, according to an executive at major cryptocurrency firm ConsenSys. ConsenSys South Africa lead Monica Singer joined in at the European Blockchain Convention to discuss the role of the private sector in shaping global central bank digital currencies, or CBDC. She spoke of CBDC-powered benefits and opportunities in […]

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Record $600M BNB burn suggests Binance made $750M in profit in Q1

Binance burned $600 million worth of BNB in Q1 2021, which means Binance possibly made over $750 million in profit. Binance Coin (BNB) saw its 15th burn to date on Friday. According to on-chain data, Binance burned nearly $600 million worth of BNB tokens. Historically, Binance has burned around 20% of the exchange’s profits. But in the last burn, Binance burned much more than 20%, and the exact percentage of the burn remains uncertain. Imagine burning half a billion dollars, wait, don’t imagine. It’s real. #BNB https://t.co/rMFbiufFSG […]

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