Month: September 2021

Emurgo, the financial arm of leading cryptocurrency project Cardano, has announced it will invest $100 million in the development of decentralized finance-based products for the ecosystem. The company will spin two subsidiaries for this task, with one being fully dedicated to incentivizing the creation of Africa-based startups that use the Cardano blockchain in the development of their products. Cardano to Push Ecosystem With $100 Million Emurgo, the financial arm of Cardano, is planning to kickstart the development of Cardano-related products Read more …

Yellow Card, an Africa-focused crypto exchange platform, recently announced a capital raise of $15 million from its Series A funding round. The capital raise, which is Yellow Card’s largest, was led by Valar Ventures, Third Prime, and Castle Island Ventures. Square, Coinbase Ventures, and Blockchain.com Ventures also participated in the round. Making Cryptocurrencies Accessible According to the exchange platform’s blog post, part of the funds raised will be used to “ramp up hiring and continue its expansion across the continent.” Read more …

press release PRESS RELEASE. Torum is set to launch a pioneering social metaverse and socially integrated Avatar NFTs through a unique SocialFi platform. 29th September 2021, Kuala Lumpur, Malaysia — Torum SocialFi platform has announced that it will be launching a ‘Social Metaverse’ and the world’s first-ever social-integrated Avatar NFT, following a strategic investment from Huobi Ventures back in August 2021. Torum SocialFi Platform The conceptualization and creation of metaverses has been on the rise since the explosion of the Read more …

On September 28, reports stemming from social media and crypto-focused forums detailed that China has been blocking a number of cryptocurrency websites. The Twitter handle for 8btc News tweeted that the web portals coinmarketcap.com and coingecko.com have been blocked from mainland China. The ‘Great Firewall,’ as it is often called, has also blocked a number of other sites like tradingview.com as well. Specific Crypto Web Portals Are Currently Inaccessible in China One thing the world knows is that China likes Read more …

The defining traits of most Bitcoiners can be measured along the following lines: trust, reputation and honor with integrity. I’ve personally examined and talked multiple times about trust and reputation within our social space, but have not arrived at a definitive agreement around the importance of honor. It is just as important as the other two aspects when we make new friends and align ourselves with groups. These dynamic forces determine whether or not we are worthy of someone’s time, Read more …

Two U.S. senators have introduced a bipartisan bill aimed at improving the oversight of cryptocurrency. The bill requires the Treasury Secretary to submit a report to Congress on cryptocurrencies and their competitiveness globally, including how other countries are using and mining them as well as their impacts on supply chains. New Bill Introduced to Improve Oversight of Cryptocurrencies and Their Uses Globally Senator Maggie Hassan, a member of the Senate Homeland Security and Governmental Affairs Committee, and Senator Joni Ernst Read more …

After digesting the piece entitled, “How Bitcoin Solves the Store of Value Problem” by @Mind/Matter published in Bitcoin Magazine on August 1, 2021, I found myself unsatiated. Although in firm agreement with the central premise of the piece, namely that bitcoin performs the store of value role better than any other major asset, more could be said about the relative flaws of other assets — many of them fatal — in comparison to bitcoin. In the following series of articles, Read more …

The below is a direct excerpt of Marty’s Bent Issue #1084: “Who is going to seize the opportunity?” Sign up for the newsletter here. The world is being presented with a massive opportunity by way of China as they seem adamant about actually banning Bitcoin activity within their borders. As Blake Masters points out, if the US government was forward thinking, they would take the exact opposite approach and welcome Bitcoin with open arms, hold some in reserves, and encourage Read more …

The chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, says that cryptocurrency “is not going to end well if it stays outside the regulatory space.” The SEC has been criticized for taking an enforcement-centric approach to regulating the crypto industry. SEC Chair Says Crypto Will Not End Well Staying Outside Regulations SEC Chairman Gary Gensler talked about cryptocurrency regulation Monday during an interview with former federal prosecutor Preet Bharara at Code Conference in Beverly Hills, California. He Read more …

The below is from a recent edition of the Deep Dive, Bitcoin Magazine’s premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox, subscribe now. Berlin Votes To Seize Real Estate In Berlin, Germany, a growing shortage of affordable housing coupled with increased demand to live in the city has reached a boiling point. Yesterday, voters took part in a referendum on whether to force large real estate Read more …

Philippe Bekhazi of XBTO Group discusses building a large, diversified Bitcoin company. Watch This Episode On YouTube Listen To This Episode: Apple Spotify Google Libsyn Overcast Philippe Bekhazi has combined his areas of expertise, finance and technology, to create XBTO Group, one of the world’s largest and most diversified participants in Bitcoin and across cryptocurrency-based finance. “With Bitcoin, you don’t have to trust anyone with money,” Bekhazi said. “It just is what it is. It’s an equation, that everyone’s looking Read more …

Verifone, a global payment system provider with 35 million devices in 150 countries, is rolling out crypto payment support in the U.S. in partnership with Bitpay. Verifone’s platform processes more than $440 billion annually. The company says, “the appetite for crypto payments has exploded this year.” Major Retailers Will Soon Be Able to Accept Cryptocurrency Payments via Verifone Major payment solution provider Verifone announced Tuesday its partnership with Bitpay “to enable consumer cryptocurrency payments on Verifone’s in-store and Ecommerce Cloud Read more …