Monthly Archives: May 2021

Why You Shouldn’t Be Worried About A Bitcoin Ban

Although they may seem threatening, bans on Bitcoin have never worked and will continue to be circumvented by the network. Worried About A Ban? Then You Need Bitcoin More Than You Think Skeptics often argue that governments will ban Bitcoin when it becomes too important and threatens national sovereignty. At least these critics understand Bitcoin’s importance and the power that state currency monopolies exert over us. What they fail to understand is the power of distributed open-source technologies and the game theory faced by governments when making […]

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Largest Latin American eCommerce platform adds $7.8M Bitcoin to its treasury

The purchase makes the eCommerce platform the 36th publicly traded company to add Bitcoin to its balance sheet. Mercado Libre, the largest e-commerce platform in Latin America, has announced to the U.S. Securities and Exchange Commission (SEC) that it acquired $7.8 million in Bitcoin in the first quarter of 2021. It stated in the report: “As part of our treasury strategy this quarter we purchased $7.8 million in Bitcoin, a digital asset that we are disclosing within our indefinite-lived intangible assets”. The purchase makes the Argentinean company […]

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Swiss SEBA Bank Dives Into Defi Expanding Its Offering With 3 Tokens

Switzerland-based crypto bank SEBA is adding support for three defi tokens, bringing the number of cryptocurrencies available on its platform to a total of nine. SEBA clients are able to buy, store and trade with fiat any of these cryptos. SEBA Bank Supports the Coins of 3 Defi Protocols With the new tokens, SEBA Bank is not only expanding its offering but entering into the decentralized finance (defi) world, the fintech noted in an official announcement published this week. The financial company believes it’s now supporting “the […]

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Interview: Bitcoin And The Long-Term Debt Cycle With Dylan LeClair

Bitcoin Magazine’s Dylan LeClair joined “Fed Watch” to discuss Bitcoin and the long-term debt cycle. Watch This Episode On YouTube Listen To This Episode: Apple Spotify Google Libsyn Overcast In this episode of Bitcoin Magazine’s “Fed Watch” podcast, hosts Christian Keroles and Ansel Lindner sat down with Dylan LeClair from Bitcoin Magazine. LeClair is the writer of “The Conclusion Of The Long-Term Debt Cycle And The Rise Of Bitcoin,” an article on Bitcoin Magazine using Ray Dalio’s long-term debt cycle to look at the current system and […]

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Bears aim for sub-$60K Bitcoin price ahead of Friday’s $1.1B options expiry

Bitcoin bulls have a $104 million advantage leading into Friday’s $1.1 billion options expiry, but a favorable close depends on BTC price reaching $60,000. Bitcoin (BTC) entirely recovered from its recent drop that saw the price fall to the $53,000 support level. This move back to $57,500 relieved bulls from the negative pressure of the May 7, 3,500 BTC options contract, which represents $200 million in open interest along with a $1.1 billion options expiry. Today’s swift recovery could have been partially driven by the news that […]

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Grifter season in DeFi-land, and Uniswap v3 is here! Finance Redefined 4/28-5/05

Uniswap v3 starts off with a whimper, not a bang, and grifters galore in this week’s Finance Redefined. Lots of cons, no artistry It’s grifter season: scams and opportunists run amok, and it’s harder than ever to tell who to trust. Case and point: over the weekend, an influencer by the pseudonym “Crypto Spider” was found to have pumped-and-dumped a meme coin, $SELON — while publicly claiming that he had joined his followers in taking a loss. step 1: @linkpadvc make a Doge fork called Shibe-Elon step […]

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Goldman Sachs leads $15M investment round for Coin Metrics

The investment firm is reportedly preparing to make cryptocurrencies available to its clients in the second quarter of 2021. Blockchain analytics firm Coin Metrics has raised $15 million in a funding found led by financial giant Goldman Sachs. In an announcement today, Coin Metrics said Goldman Sachs, Castle Island Ventures, Highland Capital Partners, Fidelity Investments, Avon Ventures, Communitas Capital, Collab+Currency and others had contributed $15 million to the analytics firm to “accelerate the company’s global expansion” as well as reach more places in the crypto market. Coin […]

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Goldman Sachs Leads $15 Million Investment Round In Bitcoin Data Provider Coin Metrics

Bitcoin data provider Coin Metrics raised $15 million in an investment round led by financial institution Goldman Sachs. According to Bloomberg, Goldman Sachs led a $15 million investment round in Coin Metrics, a bitcoin data provider for institutional investors. Goldman’s global head of digital assets, Mathew McDermott, will also join the analytics firm’s board of directors. Coin Metrics, founded in 2017 as an open-source project to determine the economic significance of public blockchains, provides clients a variety of Bitcoin data, including information on historical datasets, market research […]

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Analysts suggest Dogecoin traders are rotating profits into large-cap altcoins

Experts say DOGE traders rotating profits into Robinhood-listed altcoins could be behind the rally in LTC, BCH and ETC. Every cryptocurrency bull market has at least one surprise catalyst that comes out of nowhere to excite traders and spark massive trading volumes that lift the total market capitalization to new highs.  The 2021 bull market is no exception to this rule, and one of the biggest catalysts for growth this year has been the explosive popularity of Dogecoin (DOGE), which has made headlines in traditional and alternative […]

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WallStreetBets combats market manipulation using blockchain

The grassroots movement is dedicated to “rooting out corruption” with its latest exchange-traded portfolio and token offerings. WallStreetBets, the Reddit-based grassroots movement that achieved notoriety for short-squeezing hyper-leveraged financial firms, has launched a new blockchain-based application aimed at combating market manipulation in traditional finance.  The group announced the creation of WallStreetBets Exchange Traded Portfolios, or ETPs, that can provide investors with broad exposure to various assets in a completely decentralized manner. The group explained: “WallStreetBets ETPs may serve as an alternative to kind of the market manipulation […]

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