Monthly Archives: October 2021

Binance launches $1B BSC fund, BTC futures ETF approval could arrive soon, and Celsius raises $400M: Hodler’s Digest, Oct. 10-16

Coming every Saturday, Hodlers Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more a week on Cointelegraph in one link. Top Stories This Week Binance to launch $1B fund to develop BSC ecosystem Binance, the worlds biggest cryptocurrency exchange, announced an accelerator fund worth a whopping $1 billion this week. The funds will go toward supporting the development of the Binance Smart Chain ecosystem. Binance outlined that […]

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Economics Professor Warns ‘Cryptocurrencies May Contribute to Monetary and Financial Instability’

Cornell University’s professor of economics and former head of the IMF’s China division, Eswar Prasad, has warned that “Cryptocurrencies may contribute to monetary and financial instability.” He added that the risk is amplified if the industry is unregulated and lacks investor protection. Economist Sees Crypto Posing Risks to Financial Stability Eswar Prasad, the Nandlal P. Tolani Senior Professor of Trade Policy and professor of economics at the Charles H. Dyson School of Applied Economics and Management at Cornell University, shared his view on cryptocurrency in an interview […]

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The Pandora Papers Reveal What Bitcoiners Already Know

The revelations are simply confirmation for a group that has studied the economic injustices of today intently. The shocking, or not shocking, revelations given by the International Consortium of Investigative Journalists, known as the Pandora Papers, has revealed the truth in what Bitcoiners have been saying for years: The current system is broken. Over 600 journalists, from 100 countries and an equal number of news outlets, came together for two years to deliver information on the financial secrets of the powerful. As the subtitle reads: “the Pandora […]

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The crypto industry is still waiting for its ‘iPhone moment’

The most important innovation that the iPhone brought — which the crypto space needs to gain mass adoption — is the user experience. This year, a great crypto cycle has played out with new all-time highs, euphoria and mainstream media paying lip service to the crypto trend du jour. However, the uncomfortable truth for us in the industry is that crypto is no more present in most people’s daily lives than it was in 2017. Four years have passed — what stalled its progress? 2017 marked my […]

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Jack Dorsey Says Square Is Considering Building a ‘Bitcoin Mining System Based on Custom Silicon’

Following the latest report from Cambridge University that shows a large percentage of the Bitcoin network’s hashrate resides in the United States, the CEO of Twitter and Square, Jack Dorsey, has announced that Square is considering building a “bitcoin mining system based on custom silicon.” Square Considers Building a Mining System On the same day the CFTC fined Tether Limited and Bitfinex, and the filings that give the impression that the U.S. Securities and Exchange Commission (SEC) approved the Proshares Trust bitcoin futures ETF, Twitter CEO Jack […]

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Could Advanced Quantum Computing Pose A Risk To Bitcoin Security?

Rapid progress in quantum computing could pose a risk to certain types of bitcoin transactions. So how can we combat this risk? Rapid progress in quantum computing is predicted by some to have crucial ramifications in domains using public-key cryptography, such as the Bitcoin ecosystem. Bitcoin’s “asymmetric cryptography” is based on the principle of “one-way function,” implying that a public key can be easily derived from its corresponding private key but not vice versa. This is because classical algorithms require an astronomical amount of time to perform […]

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A Grayscale Bitcoin Spot ETF Could Be Right Around The Corner

We may see a physically-settled, spot Bitcoin ETF on the market sooner than later, as Grayscale announces intention to file as early as next week. We could have the first spot Bitcoin ETF on the market near the end of this year, as Grayscale intends to file for SEC approval for its product by “early next week,” according to CNBC. The official Grayscale filing will kick off a 75-day review period for the SEC to either approve or deny the proposed spot Bitcoin ETF, a first of its […]

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Truly decentralized finance will be beyond siloed blockchains

To be the future lifeline of industries, blockchain technology needs to embrace the old-fashioned quality of interconnectivity. “Yahoo users will not be able to interact via mail with Google email (Gmail) users,” — If tomorrow’s headlines sounded like this, the earth would come to a halt. This headline shall never see the light for all the right reasons. However, blockchain tech and its favorite son, decentralized finance (DeFi), are heading towards this rabbit hole. Siloed blockchains with no window for external communication are dominating the nascent space. […]

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Finance Redefined: Celsius raises $400M, and Rari’s 7.5K% yields, Oct. 11—15

Lending firm Celsius raised $400 million, Rari Capital exceeded $1 billion in TVL, and North America witnessed surging crypto volume — all included in this week’s Finance Redefined. Welcome to the latest edition of Cointelegraph’s decentralized finance (DeFi) newsletter. In a week where Rari Capital achieved the $1billion TVL milestone, read on to discover why OlympusDAO is yielding four-figure sums on its most popular protocol. What you’re about to read is a shorter, more succinct version of the newsletter. For a comprehensive summary of DeFi’s developments over […]

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Bitcoin entering final stage of major bull trend, crypto analyst says

According to crypto analyst and trader Alessio Rastani, Bitcoin will finalize its upward trajectory toward $100,000 in the next few months. Trader and cryptocurrency analyst Alessio Rastani believes Bitcoin (BTC) is entering the final stage of the current bull market, which will propel the leading cryptocurrency to a $100,000 price target.  To explain his prediction, Rastani cited the Elliott Wave Theory, which divides upward price trends into five waves. Rastani believes we have entered the final wave of a bull trend that started at the beginning of […]

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