Monthly Archives: June 2022

Reflecting On The Original Bitcoin Beach White Paper

Three years ago, an idea to bring bitcoin to an impoverished country to spur economic transformation was born. This is an opinion editorial by Mike Peterson, a lifelong entrepreneur, philanthropist and author who is director of the Bitcoin Beach project. Three years ago I attended a meeting that changed the trajectory of my life. The meeting was with the advisor of an early Bitcoin adopter and philanthropist who wanted to see Bitcoin used in meaningful ways to change lives. I left the meeting energized with a sense […]

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BIS compares projects to transfer central bank digital currencies across borders

The international bank found high technical feasibility among the projects, but significant work on legal and governance frameworks still remains to be done. The Bank of International Settlements (BIS) Innovation Hub released a report Tuesday looking at four projects that examined wholesale central bank digital currency (CBDC) transfers across borders. The projects demonstrated the technical feasibility of the transfers, the BIS found, but practical and policy issues remain outstanding.  The report considered the Jura project involving the central banks of Switzerland and France. Project Inthanon- LionRock2 and […]

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Uniswap acquires NFT marketplace aggregator Genie to further ‘universal ownership’ goals

Decentralized exchange Uniswap to add additional NFT functionality to its platform following the acquisition. Decentralized exchange Uniswap announced the acquisition of the NFT marketplace aggregator Genie on June 21st. Uniswap said this move is part of its mission to unlock universal ownership and exchange on its platform. Uniswap is now integrating NFTs into its product line beginning with the Uniswap web app and later integrations are said to include developer APIs and widgets. This isn’t the first time Uniswap has worked with NFTs. In the spring of […]

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Avalanche (AVAX) price drops 45% in a month and data points to further downside

AVAX is testing support at $14.80 and the network’s DApp use is underperforming its competitors, suggesting that the easiest path forward is down. Avalanche (AVAX) is down 45% in 30 days and in the same time the cryptocurrencies’ total market capitalization shrank by 29%. Despite the recent downturn, this decentralized application (DApp) platform remains a top contender in the layer1 and layer2 race and it ranks high in terms of smart contract deposits and active addresses. Yet, the lackluster token price is still causing investors to rethink […]

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Colombia’s new president seems to be a fan of Bitcoin

“Virtual currency is pure information and therefore energy,” said Gustavo Petro in 2021, in regard to mining crypto in Colombia. Gustavo Petro, who recently won the 2022 Colombian presidential election, has previously made statements in favor of cryptocurrencies. Petro will replace Iván Duque Márquez as the president of Colombia on August 7 for four years after winning the second round of a run-off election on Sunday. The president-elect took to social media in December 2017 shortly after a major bull run to speak on the “strength” of […]

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Bank of Spain Has Registered 17 Crypto Companies, Big Names Still Missing

The Bank of Spain has already included 17 virtual asset service providers in its own registry, in which cryptocurrency exchanges and custody providers must be listed to operate, according to Spanish law. Three new companies were included last week, but big names in the crypto ecosystem are still not registered. Bank of Spain Crypto Registry Reaches 17 Companies The registry of virtual asset service providers (VASPs) of the Bank of Spain reached a number of 17 companies last week, with the inclusion of three more crypto businesses. […]

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Tim Draper’s Bitcoin Studio Hosts Demo Day

The accelerator’s three-month program aims to support Bitcoin startups and hone their pitches in order to present to investors and get project funding. On June 16, 2022, the Draper Decentralized Studio hosted a demo day for their accelerator candidates to propose solutions to an invite-only group of 60-plus investment funds, angel investors and media. With Tim Draper, Alyse Killeen of Stillmark and Nic Carter of Castle Island forming the investor panel, this was an exciting opportunity for early-stage companies to share their work in contributing to bitcoin […]

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Why cross-chain interoperability matters for DeFi

With hundreds of cryptocurrency exchanges available for users to transact on, the question becomes centralized or decentralized, neither of which offers an efficient solution. What is the next evolution for cryptocurrency exchanges? The modern DEX is designed to take advantage of the benefits of both CEX and DEXs by leveraging innovative technologies to enable more efficient transactions. Since limitations are presented for both the modern CEX and DEX, many propose that for widespread asset adoption, a non-custodial platform that supports assets across many networks is needed. In […]

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Bank of Israel experiments with central bank digital currency smart contracts and privacy

The Israeli central bank looked at trust issues and policy decisions implied in a potential digital shekel, as well as some of the technical aspects of digital currency. On Monday, the Bank of Israel released the results of a lab experiment that examined user privacy and the use of smart contracts in payments. This was the central bank’s first technological experiment with a central bank digital currency (CBDC). The first stage of the experiment modeled the sale of a car within a two-tier system with an intermediary […]

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As Bitcoin Price Falls, Is Now The Time To Buy Mining Rigs?

The drop in bitcoin price means mining rigs are on sale and prospective buyers may see big discounts before the summer ends. One reason why miners often pay close attention to bitcoin’s price is because mining machines have a strong positive correlation to its fluctuations. And as bitcoin’s dollar-denominated value has dropped precipitously this month, mining hardware prices followed. At its recent lows, bitcoin was trading near $17,000, a drop of over 60% year to date. Over the same period, prices for the most efficient mining machines […]

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