Monthly Archives: November 2021

Adopting Bitcoin: A Lighting Summit Day One Recap

Crypto Daily

The gathering of Lightning developers and builders, taking place in El Salvador, kicked off with high energy and fantastic talks. With over 700 attendees from over 30 countries at this conference, the energy is electric as Lightning is powering El Salvador’s move from little-known country to Bitcoiners’ top destination. As Bitcoin culture is bigger and broader than ever before, there are a dizzying number of people who have contributed heavily to the space here. Walking through the crowded Centro de Convenciones hallway, you are quickly surrounded by […]

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U.S. is not moving fast enough to develop a CBDC, says former CFTC chair

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“We should act now to improve access to financial services through other means as well — the need is too great,” said Tim Massad. Tim Massad, who served as chair of the Commodity Futures Trading Commission until 2017, said the United States is too slow in developing a plan to modernize its payment systems. In a Wednesday hearing of the Joint Economic Committee on the role of digital assets in government, Massad said a central bank digital currency, or CBDC, could be one solution for the United […]

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Blockchain Industry to Surpass $67 Billion by 2027: Fintech Report Names 2021’s Most Influential Blockchain Companies

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Financial technology (fintech) has exploded during the last two years and cryptocurrency and blockchain firms have bolstered the billion-dollar industry. A recently published study by Utility Bidder indicates that the industry is predicted to surpass $382 billion by 2027. Moreover, fintech firms that are blockchain-specific are projected to be worth over $67.4 billion by 2027. The recent study also highlights that Kraken is the most influential blockchain company of 2021. Kraken Named 2021’s Most Influential Blockchain Company Numerous research studies have shown the fintech universe continues to […]

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Moledao Launches Pioneering Web 3.0 Hackathon on the Metaverse

Crypto Daily

PRESS RELEASE. Moledao, a social platform for blockchain enthusiasts, announced today its upcoming Web 3.0 Hackathon. This pioneering global hackathon will be held in the metaverse, and take place from 15th November 2021 to 9th January 2022. Web 3.0 is the vision for the next internet generation that is decentralized, verifiable and secure. Participants are invited to work on real-life solutions related to the main hackathon theme of Web 3.0 with the three recommended tracks: Multi-chain Decentralized Applications (dApps) – create cross-chain interoperability solutions Metaverse – create […]

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Jordan Peterson Buys More Bitcoin: “Inflation Be Damned”

Crypto Daily

The best-selling author bought more bitcoin after learning “a lot” in his conversation with Saifedean Ammous. Dr. Saifedean Ammous, author of “The Bitcoin Standard” and “The Fiat Standard,” joined Dr. Jordan B. Peterson, clinical psychologist, best-selling author, and host of The JBP Podcast, to discuss money, economics, incentives, decentralization, Bitcoin, and fiat currency. “Learned a lot,” Peterson tweeted, after the conversation with Ammous. “Bought some more bitcoin. Inflation be damned.” Ammous walked through many of the nuances of Bitcoin, including its technology and economic dynamics, shedding light […]

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Documenting Our Journey To Hyperbitcoinization, Starting With El Salvador

Crypto Daily

What is happening in El Salvador will come to the rest of the world — and it seems that bitcoin changes everything. I am satoshi okcoin (; 1:23) As a video producer during the past 15 years, I’ve always been passionate about helping people tell their stories. From producing Bravo TV reality shows to crafting documentaries, I’ve been behind the camera for it all. I’ve seen firsthand how personal stories bring us together, and help us feel connected, even in a sometimes very disconnected-feeling world. With the […]

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Here’s why bears hope to pin Bitcoin under $60K ahead of Friday’s $1.1B options expiry

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Last week bulls had a $715 million advantage when Bitcoin price was above $68,000, but the current downturn gives bears a chance to turn the tables. Bitcoin (BTC) bulls were euphoric when the price soared to $69,000 on Nov. 10 because the 14.5% gain accumulated over five days meant they were in for a $715 million profit on Friday’s options expiry. However, the 9% negative price move on Nov. 16 caught bulls by surprise, especially since most of the call (buy) options for Friday have been placed […]

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Fidelity clears regulatory hurdle to become Canada’s first institutional Bitcoin custodian

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The service would only be available to institutional investors for now, but Fidelity is also launching Bitcoin ETFs to cater to retail interest. As reported by The Globe and Mail, Fidelity Clearing Canada received approval from the Investment Industry Regulatory Organization of Canada on Wednesday to launch a Bitcoin (BTC) trading and custody platform. It is designed for use by institutional investors — such as pension funds, portfolio managers and mutual funds — and would be a first-of-a-kind service in the country. The firm also plans to […]

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Bitrefill Now Allows El Salvadorans To Pay All Their Bills In Bitcoin

Crypto Daily

The optionality to pay in bitcoin increases as Bitrefill announces new service allowing El Salvadorans to pay for their bills in BTC. Bitcoin was made legal tender in El Salvador earlier this year on September 7, requiring all businesses to accept BTC as payment. But even with President Nayib Bukele’s mandate, many businesses have yet to adopt the needed technology to accept bitcoin for their products and services. Bitrefill aims to help in fixing this by offering a service that allows El Salvadorans to pay over 150 […]

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Xbox head Phil Spencer is skeptical about NFTs in video games

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The worlds of gaming and NFTs continue to blend, but Microsoft’s gaming head is weary that NFTs are “more exploitative than about entertainment.” Phil Spencer, Microsoft’s head of gaming, commented on his skepticism towards nonfungible tokens, or NFTs, in an interview with Axios: “What I’d say today on NFT, all up, is I think there’s a lot of speculation and experimentation that’s happening, and that some of the creative that I see today feels more exploitive than about entertainment.” As head executive of Microsoft’s Xbox division, Spencer’s […]

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