Monthly Archives: August 2021

What Would Institutions Look Like In A World Guided By Bitcoin?

Although many in the Bitcoin space disregard any notion of institutional guidance, reality holds that these may well form in the future. “Without common ideas, there is no common action, and without common action men still exist, but a social body does not. Thus in order that there be society, and all the more, that this society prosper, it is necessary that all the minds of the citizens always be brought together and held together by some principle ideas.” ― Alexis de Tocqueville, “Democracy in America” After […]

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Surge in activity and token prices show ‘DeFi Summer 2.0’ already started

DeFi platforms have seen a steady surge in user activity and token prices, leading some analysts to say that the ‘DeFi Summer 2.0’ is well underway. After a blistering start to 2021 saw token valuations and trading volumes surge to ignite the current bull market, the DeFi sector as a whole took a break while the NFT sector stepped into the limelight. While investors’ attention was elsewhere, DeFi prices have had time to consolidate and project developers were able to focus on protocol upgrades and in the […]

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Illuvium hits new highs as interest in NFT-based blockchain gaming skyrockets

Attractive staking options, gameplay teasers and the overall strength of the NFT sector back the massive rally seen in ILV price. The world of nonfungible tokens and blockchain gaming has seen immense growth and progress towards mainstream adoption in 2021. Recently, the movement picked up steam as an array of celebrities and internet influencers jumped on the hype train by purchasing premium digital collectibles.  One project that has quickly risen in value over the past two months as details about its ongoing development trickle to the public is […]

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Central Bank of Nigeria Selects Barbados-Based Fintech Firm as Technical Partner for CBDC Project

The Central Bank of Nigeria (CBN) has named the fintech firm Bitt Inc. as a technical partner for its digital currency project, the e-naira. As a technical partner, Bitt is expected to use its “technological competence and implementation experience” to help the CBN successfully launch the central bank digital currency (CBDC). E-Naira Draft Guidelines The CBN’s unveiling of the Barbados-based firm as its partner comes shortly after reports suggested that the central bank had released draft guidelines for the e-naira. In justifying the selection of Bitt, Osita […]

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Major job postings from the crypto space in 2021

Some institutional players, online retailers, and media organizations have called for recruits with experience in crypto or blockchain. As crypto and blockchain firms grow and need to navigate regulatory and economic challenges for the industry, many have to hire outside to find the best workers. This year, major companies, financial institutions, and even government agencies announced they were searching for fresh blood to help them adapt to the ever-changing crypto space.  In February, major online retailer Amazon posted it was seeking a software development manager in Mexico […]

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Bitcoin price turns to test lower support levels as $50K stays out of reach

It’s a frustratingly sideways market for Bitcoin bulls as August ends and September, which is typically a boring month for BTC price, looms. Bitcoin (BTC) continued to range below $50,000 on the last day of August as analysts demanded higher levels in order to continue the bull run. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView $51,000 remains the deal-breaker for BTC Data from Cointelegraph Markets Pro and TradingView painted a dull picture for investors Tuesday as BTC/USD continued to trade in a four-day-old descending channel. Despite highly encouraging […]

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TradeStars Launches Mainnet of Fantasy Sports Stock Trading Game based on Fractional NFTs

PRESS RELEASE. TradeStars has launched “Olympic Torch”, the Mainnet of their Fantasy Sports Stock Trading Game, on 31st August, 2021. TradeStars’ new Fantasy Sports Game allows users to trade Fantasy Stocks of world-class athletes, whose value is directly influenced by the real life performance statistics of the respective player. The Fantasy Stocks can be purchased using USDT for now; fiat payment gateways (for INR and USD) are on their way. Fantasy Sports Gaming Today Fantasy Sports Gaming has seen a steady rise in both popularity and valuation […]

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Metamask Surpasses 10 Million Monthly Active Users, Climbing 1,800% in 12 Months

On Tuesday, the noncustodial digital currency wallet Metamask announced that the platform has surpassed 10 million monthly active users (MAUs). Year-to-date, Metamask has seen 19x growth since July 2020 as MAUs climbed 1,800% in 12 months. Metamask Hits Over 10 Million Monthly Active Users There’s no doubt that Metamask has been a popular Ethereum blockchain wallet that is also compatible with technologies like Polygon, Optimism, and Arbitrum. The wallet was created by the blockchain software company Consensys in 2016 and a great number of decentralized finance (defi) […]

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Government Centralization Vs. Bitcoin Decentralization

Greg Foss and Aaron Segal joined “Fed Watch” to discuss the current battle between governments and Bitcoin. Watch This Episode On YouTube Listen To This Episode: BitcoinTV Apple Spotify Google Libsyn Overcast Hosts: Christian Keroles and Ansel Lindner Guests: Greg Foss and Aaron Segal In this special episode of Bitcoin Magazine’s “Fed Watch” podcast, we sat down with two bright minds in the bitcoin space, Greg Foss and Aaron Segal, to discuss the global process and interplay of centralization and decentralization in society. It was a sort […]

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3 reasons why a Bitcoin ETF approval will be a game changer for BTC price

A Bitcoin ETF approval will open the door for more conservative investors and this could have an irreversible impact on BTC price. Some financial experts believe that the price of cryptocurrencies is solely driven by investors’ speculation, and in the past few years detractors have suggested that fixed income instruments like treasury bills have no relation to do with digital assets. This point of view is fairly accurate because, at this time, most investors from the asset class are not allowed to invest in Bitcoin (BTC) and […]

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