The Bitcoin price crossed $50,000 on Tuesday morning, almost one month after El Salvador adopted it as legal tender. On 7 September the price dropped around $5,000 from $52,500 to about $47,500. In the intervening weeks the price fell as low as $40,000 and went up to $48,000, only to fall again. Public sentiment around Bitcoin in El Salvador and many popular news organizations did not miss the opportunity to point out how the country’s Bitcoin value proposition had fallen Read more …
press release PRESS RELEASE. Global cryptocurrency financial platform, AscendEX is proud to announce the listing of the Vulcan Forged token (PYR) under the trading pair USDT/PYR on Oct. 5 at 1 p.m. UTC. To celebrate the listing, AscendEX and the PYR team will launch several limited-time promotional events, offering users a chance to share pooled rewards up to 60,000 USDT! Vulcan Forged is a game studio that has migrated to a blockchain network with more than 12 games and thousands Read more …
While the crypto economy has seen a decent uptick in performance during the first week of October, a number of decentralized finance (defi) tokens have seen tremendous gains. Furthermore, the total value locked in defi has risen to $195 billion, jumping more than 14% over the last two weeks from $171 billion. Defi Tokens Skyrocket, Total Value Locked in Dapps Grows to $195 Billion, Axie Infinity, Shiba Inu See Top Gains Digital currency markets of all sorts are seeing some Read more …
The CEO of global investment bank JPMorgan, Jamie Dimon, says that bitcoin has no intrinsic value and “regulators are going to regulate the hell out of it.” He emphasized: “If people are using it for tax avoidance and sex trafficking and ransomware, it’s going to be regulated, whether you like it or not.” JPMorgan’s Boss on Bitcoin and Crypto Regulation JPMorgan Chase chairman and CEO Jamie Dimon continued to express his anti- bitcoin and crypto stance in an interview with Read more …
Shark Tank star Kevin O’Leary, aka Mr. Wonderful, has revealed that he has more crypto exposure than gold for the first time. He hopes to increase his crypto allocation to 7% in the next few months, emphasizing: “I don’t see a situation where crypto’s ever going away.” Kevin O’Leary Now Has More Crypto Than Gold Kevin O’Leary has revealed that his portfolio now has greater exposure to cryptocurrency than gold for the first time. He tweeted Saturday: For the first Read more …
I know of people that see the price of bitcoin and think to themselves, “Damn, I missed it. I’m late.” Because of this, they are drawn to the lower priced coins, the altcoins, that will ultimately have no value in the long run. They think the coins that are trading for less than a dollar are somehow going to become the “next bitcoin.” The issue here is that there is no “next bitcoin.” Bitcoin was, and is, a historic accident, Read more …
Grayscale Investments has added solana and uniswap to its large-cap investment fund. This is the first time solana has been added to a Grayscale fund. The company now offers 15 funds, two of which are diversified portfolios. Solana and Uniswap Added to Grayscale Fund Grayscale Investments, the world’s largest digital currency asset manager, announced Friday the quarterly rebalancing of its two diversified portfolios: the large-cap fund and the defi (decentralized finance) fund. For the Grayscale Digital Large Cap Fund (OTCQX: Read more …
Here come the influencers. The Financial Conduct Authority (FCA) in the U.K. has announced an 11 million British pound (GBP) campaign enlisting celebrities and influencers to warn the general public of the dangers of high-risk investments. The FCA is a financial regulatory authority in the U.K. that was established in 2013. It operates independently of the U.K. government. This is an interesting dynamic to consider given the context of public messaging relating to COVID-19 information. There are many examples of Read more …
Watch This Episode On YouTube Listen To This Episode: With the rollout of bitcoin as legal tender in El Salvador, there have been some privacy concerns regarding Chivo, the government-sponsored wallet through which all citizens were issued $30 in bitcoin. If Salvadorans prefer that their government not monitor their transactions, it’s critical that they opt to use other Lightning Network wallets, such as Muun or Breeze instead. “If they just get it out of Chivo Wallet to another channel, all Read more …
sponsored GNO City features an already playable trading card game on the WAX blockchain. In GNO City you can collect NFTs, win experience points, level up and earn tokens by just playing the game and having fun. Players can explore the story mode or go head to head in matches against other players. Welcome to GNO City GNO City is developing an open world metaverse where players can own land and roam the city to capture characters. The project already Read more …
Compound, one of the main cryptocurrency lending protocols on Ethereum, is facing serious problems again. According to banteg, a Yearn developer, someone called a function that moved more funds to be available for users to claim. Now, users can claim up to $140 million of the protocol’s native currency, comp. Compound is hoping users won’t claim these tokens and is rallying to patch the bug that caused this problem in the first place. Compound Remains Vulnerable to Exploit Read more …
JPMorgan CEO Jamie Dimon reiterated past skepticism of bitcoin in a recent interview with Axios. When asked if Bitcoin was the fool’s gold of the future, Dimon responded it has no underlying value. Dimon fails to see Bitcoin’s true value because of his financial privileges, which blind him to the realities of billions that live outside of his utopia bubble. He doesn’t have to worry about his savings being cut in half overnight nor endure constant periods of hyperinflation that Read more …