Monthly Archives: June 2021

Interview: Mass Bitcoin Adoption In Latin America

Three CEOs of Bitcoin-related projects in Latin America discussed impending adoption in the region. Watch This Episode On YouTube Listen To This Episode: Apple Spotify Google Libsyn Overcast Following the historic news of El Salvador declaring bitcoin as legal tender, “Bitcoin Magazine Podcast” host Christian Keroles sat down with three CEOs of prominent Bitcoin-related projects in South America to react to the news as well as discuss Bitcoin adoption across Latin America. Diego Gutierrez-Zaldivar, CEO of IOV Labs and RSK; Mauricio Tovar, CEO of Tropykus Finance; and […]

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Bitcoin hits $35K after Biden reveals infrastructure deal, Paraguay proposes BTC bill

Bitcoin price briefly traded above $35,000 as the stock market hit new highs and Paraguay aims to become the second country to adopt BTC as legal tender. Bitcoin (BTC)  price received a boost as news that lawmakers in Paraguay plan to present a bill to make BTC legal tender spread across Twitter. Shortly after the unconfirmed news surfaced on Twitter, Bitcoin price rallied to $35,289 before slightly pulling back below the key short-term resistance level.  Congratulations Paraguay • a bill has been submitted to make #BITCOIN legal tender […]

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Portuguese national football team launches fan token with Socios

The platform reported the sales of all its fan tokens have generated more $150 million this year. Blockchain-based sports platform Chiliz has partnered with the Portuguese Football Federation to release fan tokens on Socios. In a Thursday announcement from Socios, the platform said it will be dropping tokens for the Portugal national football team, also known as A Seleção or “The Selection,” within the next few days for local fans. As with previously tokenized sports franchises, the digital collectibles are minted on the Chiliz blockchain and allow […]

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Former NYSE President Says for Bitcoin to Exceed Gold It Needs to Be Accepted More as Currency

On June 24, the CEO of Far Peak Acquisition Corp. and former New York Stock Exchange (NYSE) president, Thomas Farley discussed the future of bitcoin and gold on the CNBC broadcast Squawk Box. Farley is optimistic about the leading crypto asset but he doesn’t believe it will surpass gold’s $10 trillion market capitalization unless it’s “an accepted form of currency.” Far Peak CEO Says Bitcoin Will Go Up, But May Not Beat Gold Thomas Farley spoke about bitcoin (BTC) on Wednesday following the digital asset’s rebound from […]

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Chainlink and OVR Collaborate on a $65k Prize Distribution

After OVR announced its integration with Chainlink on June 10th, now the team is proud to explain all the rules of OVR prize distribution powered by Chainlink Verifiable Random Function. In fact, OVR decided to collaborate with Chainlink VRF to determine the winner of its $15k OVR token prize extraction reserved to treasure hunters and to participate in its wider $50k OVR token prize extraction for OVRLand buyers. The extraction process will be done through a public and deterministic algorithm. So, OVR will run 2 main competitions, […]

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Sushiswap to deploy full suite of Sushi products on Harmony’s blockchain

“We believe this partnership with Sushi is just the beginning of bringing millions of people into decentralized finance,” said Harmony founder Stephen Tse. As the Harmony blockchain approaches the two-year anniversary of its mainnet launch, decentralized exchange SushiSwap will be deploying Sushi products related to rewards and yield farming.  In a Thursday announcement from Sushi, the project said it would be partnering with Harmony to introduce liquidity mining rewards for Sushi, rewards for Kashi borrowing and lending, Sushi-specific hackathon challenges, and other products. In Harmony’s aim to […]

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Echoing Cuban, Novogratz says DeFi should ‘play by the rules’, or ‘pay the piper’ later

Mike Novogratz suggests DeFi projects add KYC and AML features now instead of waiting on regulators to crack down on the entire sector. Decentralized finance (DeFi) has emerged in 2021 as one of the fastest-growing trends in the crypto sector and as the unique features of DeFi begin to work their way into traditional finance, executives from crypto and conventional business circles warn that regulation could be on the way if the protocols don’t take steps to self-regulate.  On June 23, Mike Novogratz, CEO of Galaxy Digital, […]

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The Fundamentals Of How Bitcoin Works

In part three of this four-part series, Eric Yakes takes us through the inner mechanisms of the Bitcoin network. The Wall Street Analyst’s Intro to Bitcoin: The Dimensions of Money What Bitcoin Does How Bitcoin Works The Monetary Properties of Bitcoin How Bitcoin Works Bitcoin can send transactions and incorporate them into a public blockchain which serves as a ledger. Bitcoin is valuable because we can be certain the transactions included in the ledger are legitimate and not fraudulent. We can be certain they are not fraudulent […]

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Enjin joins Crypto Climate Accord, goes carbon negative

The cryptocurrency industry uses approximately 150 TWh of electricity annually, which is more than Poland, Norway, Egypt or Sweden, the company said. Enjin, a blockchain gaming and nonfungible token platform, has stepped up to decarbonize its footprint by joining the Crypto Climate Accord, a move that adds further credibility to the industry’s growing environmental mandate.  The Crypto Climate Accord is backed by 20 firms from the blockchain, fin-tech and greentech industries. Inspired by the 195-signatory Paris Climate Agreement, the Accord was established in April to address the […]

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Bitmain ceases Bitcoin miner sales to aid second-hand sellers following China ban

The Bitcoin mining crackdown in China has significant ramifications for the cryptocurrency industry. Bitmain is stepping up its efforts to ease the burden on Chinese miners looking to offload their equipment in light of the ban. Bitmain, the cryptocurrency infrastructure company behind the Antminer brand, will temporarily halt the sale of mining machines to help secondary sellers offload their supplies following China’s wholesale ban on Bitcoin (BTC) mining.  The suspension of new Antminer sales will begin immediately, Bitmain announced Thursday via WeChat. By suspending the sale of […]

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