Category Archives: Crypto Daily

The Inconvenient Truth Of Bitcoin

Bitcoin promotes a better society that depends upon personal responsibility more than anything else. A better society depends upon personal responsibility more than anything else. Without personal responsibility, we cannot expect anything other than what we’ve already got. Bitcoin is not a political manifesto. And it’s certainly not a self-help book. It’s a computer protocol designed to perform a specific function. But Bitcoin does offer commentary on our current situation, because it did not emerge within a vacuum. It emerged as a result of the global mess […]

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Crypto Analytics Firm Coin Metrics Raises $15 Million, Goldman Sachs Leads Funding Round

On May 5, the cryptocurrency data and analytics provider Coin Metrics announced the firm has raised $15 million in Series B financing round. The funding was led by Goldman Sachs and a number of other venture firms, as digital currency data has become a hot commodity in recent times. Digital Currency Data and Analytics Firm Coin Metrics Raises $15 Million The Boston-based Coin Metrics has revealed the company has raised $15 million in a Series B financing round that was led by the American multinational investment bank […]

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IRS Authorized To Summon Kraken For User Information

The IRS has been authorized to seek information on users of the cryptocurrency exchange Kraken, to ensure they are paying their taxes. A court in Northern California has empowered the IRS to serve a “John Doe summons” to Payward Ventures Inc., which does business in the U.S. as cryptocurrency exchange Kraken, as it seeks information about user transactions with tax implications. Per this summons, the exchange could be compelled to provide information on users who might have conducted transactions worth at least $20,000 between 2016 and 2020. […]

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Venture Capitalist Proposes a Single Decentralized Crypto as a Solution to Boost Africa’s Inter-Regional Trade

South African venture capitalist, Michael Jordaan, recently suggested that a single decentralized cryptocurrency may be the solution that brings great benefits to inter-regional trade and investment in Africa. According to Jordaan, who is also the former CEO of one of South Africa’s leading banks, FNB, such a single African currency “would go a long way to make borders matter less.” A Decentralized Currency for Africa However, in his tweet on April 27, Jordaan offers his take on why he sees crypto (and not fiat) as the solution […]

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Marathon Mines Bitcoin Block That’s Verified As Compliant With U.S. Regulations

Marathon has mined a Bitcoin block deemed fully compliant with U.S. regulations, effectively censoring transactions in the process. Marathon Digital Holdings, one of the largest enterprise Bitcoin self-mining companies in North America, has successfully mined its first “clean” block. In late March, the company announced that it would be launching the first North American Bitcoin mining pool fully compliant with U.S. regulations, including anti-money laundering (AML) and Office of Foreign Assets Control (OFAC’s) standards. “While institutional interest in Bitcoin is accelerating, many large funds and corporations have […]

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Ten31 Announces Grants For Open Sats, Bitcoin Q+A

Investment firm Ten31 has announced it will be supporting Open Sats and Bitcoin Q+A with grant funds sourced from its management fees. Ten31, an investment firm focused on Bitcoin-native companies, has announced its first Bitcoin developer and community grants, which are sourced from its fund’s management fees. It will be supporting Open Sats, a nonprofit that funds Bitcoin contributors, as well as Bitcoin Q+A, a provider of accessible Bitcoin education content, with donations of undisclosed amounts. “We formed our first fund, the Low Time Preference Fund, with […]

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Democratizing Defi Data- Dechart DAO Launches Version 1.0 Trading Platform

On May 6, 2021, the total locked value (TVL) held by decentralized finance (defi) is more than $77 billion. Much of this money is used by decentralized exchange (dex) platforms and liquidity pools. With dex platforms capturing over $2 billion in trade volume daily and $18 billion during the last seven days, a project called the Dechart DAO aims to provide traders with the ability to make “the most informed, efficient trades.” Dechart – Decentralizing Defi Data The cryptocurrency ecosystem has swelled this year and defi platforms […]

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Coinbase Transparency Report Shows U.S. Leads Way In Bitcoin User Data Monitoring

A report from cryptocurrency exchange Coinbase shows that the U.S. is the most aggressive in seeking information about bitcoin traders. Major cryptocurrency exchange Coinbase has released its latest “transparency report,” providing data on customer information requests it received from government and law enforcement agencies between July 1, 2020 and December 31, 2020. Among the insights into who requested user information from Coinbase, it’s clear that the U.S. remains the most interested in tracking the activity of bitcoin traders. While Coinbase facilitates the trading of many cryptocurrencies, bitcoin […]

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Visa and Tala Join Forces to Boost Cryptocurrency Adoption for Underbanked Populations

Payments giant Visa and financial services provider Tala have partnered to boost cryptocurrency adoption in emerging markets. The collaboration aims to “make it easier for underbanked consumers to convert, store, and use cryptocurrencies.” Visa and Tala Boosting Crypto Adoption in Emerging Markets Visa and Tala have formed a new partnership “to help underbanked populations participate in the crypto economy,” Tala announced Wednesday. Tala is “a financial technology company on a mission to enable and accelerate financial health for all,” its website details. The company’s Android app “offers […]

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Latin American E-Commerce Giant MercadoLibre Bought $7.8 Million Of Bitcoin

MercadoLibra, a publicly-traded e-commerce giant, disclosed a $7.8 million bitcoin purchase and plans to hold the BTC indefinitely. Argentina-based e-commerce leader MercadoLibre has disclosed that it purchased $7.8 million worth of bitcoin earlier this year, with plans to hold the asset on its balance sheet indefinitely. According to a regulatory filing, the company made the investment as part of its “treasury strategy.” It did not disclose how the purchase was made, how much BTC was obtained with that investment or how the company views bitcoin as a […]

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