Monthly Archives: August 2021

Coinbase Brought In $2.23 Billion Of Revenue, 8.8 Million Monthly Transacting Users In Q2

Coinbase brought in over $2 billion in revenue and saw monthly transacting users grow 44%. In their quarter 2, 2021 earnings call, Coinbase announced that they’ve exceeded expectations by bringing in over $2.23 billion in revenue, which was expected to be $1.78 billion, reported CNBC. Their earnings resulted in $3.45 per share, adjusted, after expectations that it would be $2.33. Since last year, the company’s net profit is up over 4,900% with them bringing home over $1.6 billion in net profit. One really interesting statistic that stood […]

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Paypal’s Venmo Launches ‘Cash Back to Crypto’ Feature to Auto Purchase Cryptocurrencies

Venmo, a Paypal service, has introduced the “Cash Back to Crypto” feature to allow credit card customers to automatically buy four types of cryptocurrencies with their cash back without incurring transaction fees. Cash Back to Crypto on Venmo Payments giant Paypal announced Tuesday a new feature on its Venmo platform called “Cash Back to Crypto” that enables Venmo credit card customers to “use monthly cash back in their Venmo account to auto-purchase cryptocurrency of choice, with no transaction fees.” The announcement details: Starting today, Cash Back to […]

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Bitcoin IRAs Enable Tax-Shielded Investment And Propel The Circular Economy

How IRAs can solve Bitcoin’s capital gains tax problem, enable a Bitcoin standard and push the Bitcoin circular economy forward. In May 2021, I had just finished a pretty intense 12 months of helping take OC Bitcoin Network from a monthly meetup to a weekly meetup. In addition to the meetup work, over that same 12 months I independently consulted with over two dozen small businesses on how they could begin to implement Bitcoin payments and personally installed BTCPay Server at four brick-and-mortar restaurants as well as […]

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Cardano price is hot, but data shows pro investors haven’t warmed up yet

ADA has gained 57% in the past 3 weeks but derivatives data shows pro investors aren’t bullish yet. Cardano (ADA) has been in the spotlight lately and this is partially because of its early 2021 price performance and the fact that its huge fan base has been anxiously awaiting the launch of the network’s smart contract capability in the upcoming Alonzo upgrade.  While the rise of DeFi took place and the total value locked in decentralized finance applications soared above $76 billion, Cardano investors have been waiting […]

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VanEck takes new approach with SEC, files for Bitcoin Strategy ETF

SEC chair Gary Gensler recently hinted he would be more open to accepting ETFs based on crypto futures rather than through direct exposure. Asset manager VanEck is filing for a Bitcoin Strategy exchange-traded fund after it unsuccessfully attempted to launch a similar fund four years ago.  According to U.S. Securities and Exchange Commission, or SEC records, VanEck filed a prospectus for a Bitcoin Strategy exchange-traded fund, or ETF, on Aug. 9. Unlike its Bitcoin (BTC) or Ether (ETH) ETFs currently under review by the federal agency, the […]

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EQIFI, the DeFi in Partnership With a Global Bank Now Available on the Bloomberg Terminal

PRESS RELEASE. EQIFI, a regulated and licensed decentralized platform for pooled lending, borrowing and investing Ethereum-based cryptocurrencies, stablecoins and select fiat currencies, has announced that its native token, EQX, has been enlisted on the Bloomberg Terminal under the EQX ticker symbol. Bloomberg’s influential audience of financial and business decision-makers will now enjoy access to the price data of EQIFI’s fungible ERC-20 EQX token, which bestows numerous benefits and rewards to users on the platform. Jason Blick, Chairman of EQIFI, said: “We are delighted to see institutional investors […]

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El Salvador’s Bitcoin Adoption Paves The Way For Emerging Economies

It’s clear that adopting bitcoin as legal tender can help El Salvador in many ways. But it can light the path for other countries as well. The green shadow cast by the U.S. dollar on developing countries is being lifted. In El Salvador, it’s now approaching high noon. Growing up in El Salvador during its civil war, I never thought I would witness my home country filled with so much hope for the future, let alone leading the way for others. The government’s recently passed law making […]

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Teller Finance deploys mainnet on Polygon, migrates 2,200 NFTs

Polygon allows Teller Finance to port its solutions onto a scalable network, thereby overcoming many of the current challenges associated with Ethereum. Teller Finance, a non-collateral lending protocol for the DeFi market, has officially deployed its mainnet on Polygon, marking a significant milestone in its quest to offer scalable, user-friendly solutions.  With the launch of Teller’s Polygon mainnet, users can begin making deposits and funding liquidity pools immediately, the company disclosed Tuesday. The Teller protocol continues to be available for use on the Ethereum (ETH) mainnet. Teller’s […]

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Every dog has its day: Dogecoin and Shiba Inu fetch 50% gains as altcoins rally

New use cases and a massive token burn signal that the dog days of summer could be over for DOGE and SHIB. Momentum the wider cryptocurrency market appears to be on the upswing this week after bulls pushed Bitcoin price to the $46,700 and Ether price to $3,150 on Aug 9.  The growing optimism has also translated into a bounce in dog-themed meme coins like Dogecoin (DOGE) and Shiba Inu (SHIB), which have both seen their prices rise by more than 55% over the past three weeks. DOGE/USDT vs. […]

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Bitcoin Network’s Mining Difficulty Expected to See Largest Increase in Over 2 Months

Bitcoin’s hashrate has been steadily climbing after dropping to 69 exahash per second (EH/s) on June 28, as it reached a high of 117 EH/s on Tuesday morning (EDT). The rise in hashpower will likely lead to the highest difficulty expansion in 89 days as estimates currently show a 7.39% increase is due in two days. Bitcoin Block Rewards Expected to Be More Than 7% Harder to Find in 2 Days In a touch more than two days’ time, Bitcoin’s mining difficulty is expected to jump over […]

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