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Showing posts from June 4, 2021

MLB Team Washington Nationals Partners With Terra Blockchain Community, Ballpark Plans to Accept UST

On February 9, the American professional baseball team based in Washington, D.C., the Washington Nationals, announced the team has partnered with Terra, the open-source blockchain platform and decentralized autonomous organization (DAO). The Washington Nationals detail that the team is a “leading innovator” and is “consistently introducing new technologies to enhance the fan experience.” Washington Nationals Ink Long-Term Deal With Terra Major League Baseball (MLB) team the Washington Nationals has partnered with the blockchain platform and DAO Terra, according to an announcement published by the team on Wednesday. The deal with Terra follows a slew of sports-related deals with crypto firms, but the MLB team will be the first to partner with an open-source blockchain project. In addition to the partnership, the algorithmic stablecoin UST that’s issued on the Terra blockchain will be “accepted as a payment method at Nationals Park as early as next season.” “The Nationals continue t...
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AquaGoat: Saving the Oceans One EcoCoin at a Time

AquaGoat is an ecological social cryptocurrency with a purpose: saving the planet’s oceans. AquaGoat aims to help fund and donate to initiatives focused on cleaning and protecting the planet’s oceans and waterways, all while generating income (yield-generation) and value to its holders. Since the project began on April 7, 2021, AquaGoat has donated to three charities: The Ocean CleanUp, an organization that develops new technologies to help rid the world of the ocean’s plastic; The Sea Shepherd Conservation Society, a group that engages in direct action campaigns to track down and stop illegal fishing enterprises; and The Blue Marine Foundation, a charity that directly addresses the environmental issues of overfishing. A little over $19,000 has been donated between all three charities so far with the intention of continuing to donate to more causes in the near future through their biweekly community polls and donation drives. What sets AquaGoat apart from a typical charity token? Th...
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Amundi Executive Pascal Blanque Calls Cryptocurrencies a Farce

Pascal Blanque, CIO of Amundi, one of the biggest asset managers in Europe, has stated that bitcoin and other cryptocurrencies are a farce, exposing its skeptical stance on the real value of cryptocurrencies. The investor stated that crypto assets are an expression of markets making bubbles and that investors should focus on other more logical assets. CIO of Amundi States Cryptocurrencies Are a Farce Pascal Blanque has declared that bitcoin and similar cryptocurrencies are a farce during a recent news conference, according to a report from Reuters. The skeptic also said that cryptocurrencies were a clear symptom of a bubble-led market. Blanque, who has been CIO of Amundi and Head of the investment management platforms since 2005, was not shy in professing his incredulity when it comes to the new asset class that bitcoin and other cryptocurrencies have become. However, he did praise them due to the new paradigm these introduced to the economy, making central banks really feel the n...
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Localbitcoins Adds Bitcoin Cash and Other Cryptocurrencies as Payment Methods

Localbitcoins, one of the biggest P2P exchanges in the world, has added Bitcoin Cash and other cryptocurrencies as payment methods to acquire Bitcoin on its platform. This marks a clear departure from the earlier position of the company, which hadn’t added new payment methods and had remained Bitcoin-only for some time. Localbitcoins Adds Bitcoin Cash and Other Cryptos Localbitcoins, one of the biggest P2P cryptocurrency exchanges in the world, is now allowing its users to purchase Bitcoin with other cryptos, in a departure from its earlier Bitcoin-only approach. The company announced in a blog post last week they will now allow listings leveraging Tether ( USDT ), Polkadot (DOT), Cardano ( ADA ), Bitcoin Cash ( BCH ), USD Coin (USDC), Chainlink (LINK), and Dogecoin (DOGE) as payment methods. The exchange also added several new fiat-based payment methods that can be used internationally, and others that can only be used in specific countries. The decision marks a clear departure f...
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South Korea’s Financial Regulator Holds Closed-Door Meeting With 20 Crypto Exchanges

Regional reports disclose South Korea’s Financial Services Commission (FSC) had a closed-door meeting with roughly 20 different cryptocurrency exchanges on June 3. The report highlights that virtual asset business operators (VASPs) that attended the meeting all had ISMS (Information Security Management System) certification. South Korean Regulator Holds a Closed-Door Meeting With 20 VASPs A report stemming from D.Street who quoted undisclosed sources stated the South Korean FSC met with 20 “small and medium-sized exchanges in South Korea” to discuss the cryptocurrency environment. The insiders further noted that the exchanges could detail grievances to the financial regulator. ISMS certified exchange representatives who attended the meeting came from companies like Upbit, Bithumb, Korbit, Coinone, Kordax, Coinncoin, Tennten, Poblegate, and Flybit. The meeting was called the “Report Registration Guidance Consulting” and the report noted that only Upbit, Bithumb, Korbit, and Coino...
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Altcoin Roundup: Post-crash prices give investors a chance to build a diversified portfolio

Looking to build a diversified crypto portfolio? DeFi, stablecoins and oracles are three cornerstone sectors to consider. Welcome to Cointelegraph Market’s Altcoin Roundup, an in-depth newsletter that focuses on investing from the perspective of fundamental analysis and seeks to identify emerging blockchain projects and tokens that fill niche demands within the growing cryptocurrency market. The concept of multi-sector investing has long been advocated in traditional finance as the conventional approach to building a balanced portfolio. Typical allocations include representation of stocks, government and corporate bonds, commodities and real estate. Now that the cryptocurrency market has grown to a multitrillion-dollar ecosystem with numerous emerging assets, clear sectors are beginning to emerge. Savvy crypto investors looking to apply portfolio diversification practices to their holdings should begin to pay attention. Total cryptocurrency market capitalization. Source: CoinMa...
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To IPO or Not to IPO? SPAC is the question

An initial public offering is the classic way to take a company public, but many crypto companies bypass the regulatory scrutiny with a backdoor SPAC merger. An initial public offering is the classic way to take a company public, but many crypto companies bypass the regulatory scrutiny with a backdoor SPAC merger By Connor Sephton If you want to sell stock in an American company to the public, traditionally you hold an initial public offering, better known as an IPO.  An IPO starts with the long, arduous, and expensive process of filing an S-1 Registration Statement with the Securities and Exchange Commission (SEC).  Of course, the purpose of an S-1 is to make sure companies are disclosing everything the public needs to know to make an informed decision about buying shares in your company, otherwise known as securities. Which is something cryptocurrency companies tried to avoid by holding initial coin offerings, and why the SEC stomped so hard on the ICOs, suing the l...
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US Congressman expresses importance of crypto wallet privacy

Cynthia Lummis and Warren Davidson speak on Bitcoin's importance and personal privacy during an interview at Bitcoin 2021 in Miami. At the bustling Bitcoin 2021 conference in Miami, Congressman Warren Davidson, alongside United States Senator Cynthia Lummis, sat down to field interview questions. The interview took a turn toward privacy, with Davidson responding with comments on crypto wallets.  “At the end of the year, if you think about it, Secretary Mnuchin was talking about banning private wallets,” Davidson said , responding to a question about the possibility of over-regulation in crypto. “That’s a horrible approach,” he added. “If we don’t protect private wallets, someone is going to try to ban them.” As Davidson mentioned, December 2020 saw the U.S. Treasury suggest strict overwatch on self-custodied digital asset wallets, with certain specifics, such as calling for more information from users transacting with wallets held away from crypto exchanges. “I wish the count...
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PlanetWatch Announces the Listing of the PLANETS Token on Bitfinex Exchange

PRESS RELEASE. Planetwatch , a French start-up which decentralizes and incentivizes environmental monitoring, announced that its utility token, PLANETS, will be listed on Bitfinex on June 4th . PLANETS are the first Algorand Standard Asset (barring stablecoins) to be supported on a major international exchange. Claudio Parrinello, PlanetWatch’s CEO said: “This is a major milestone for PlanetWatch. Less than 18 months after company creation, and despite the COVID-19 pandemic, we have managed to demonstrate that our Smart City as a Service solution, based on community sensor deployment and crowdsourced air quality data, can deliver business-grade data feeds in a fast and cost-effective way.” PlanetWatch revolutionizes the way we measure air quality by using the Algorand Blockchain, IoT-enabled sensors and AI-based data analysis. PlanetWatch incentivizes citizens to operate air quality sensors and earn token rewards for data streams. Sean Lee, CEO of the Algorand Foundation, said : “W...
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Payments Firm Square May Build a Hardware Wallet, Dorsey Heckled at Bitcoin Conference Over Censorship

The cofounder of Twitter and the CEO of the payments firm Square, Jack Dorsey, has revealed his firm is contemplating creating a bitcoin hardware wallet in collaboration with the community. Dorsey revealed this in a tweetstorm and said he wanted to share some “guiding principles” concerning this possible venture. Dorsey: ‘Square Is Considering Making a Hardware Wallet for Bitcoin’ On Friday, Jack Dorsey tweeted about the possibility of Square creating a bitcoin hardware wallet and discussed a number of principles the firm is guided by when approaching the subject. The founder of Twitter and Square explained that what the company creates needs to be “open,” as he noted that “bitcoin is for everyone.” “Square is considering making a hardware wallet for bitcoin. If we do it, we would build it entirely in the open, from software to hardware design, and in collaboration with the community,” Dorsey tweeted. “We want to kick off this thinking the right way: by sharing some of our guiding...
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Ethereum options data shows traders' mixed opinions on ETH's future

Data shows traders are buying $400 protective puts while also holding $7,000 call options, a signal that traders either have mixed emotions or are just cashing in on the upfront premium. After reviewing Ether ( ETH ) options for June 25, one might think that traders either became overly optimistic or ultra-bearish. Currently, there are large bets for prices below $1,000 while others aim for $3,800 and higher. A recent report from Coinshares shows that multiple crypto funds have begun seeing net inflows after weeks of record outflows. The report notes that Ether vehicles saw a total of $47 million in inflows, bringing its market dominance up to 27%. DeFi growth supports higher Ether prices Another positive factor is that DeFi protocols maintain a $48 billion total value locked (TVL) even though the sector took a substantial hit after the recent Ether price crash. Ethereum network net value locked on smart contracts. Source: DeBank The 57% increase over the past three months sh...
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Alternative Mining Algorithms Reap Higher Profits Than Bitcoin Mining in 2021

Cryptocurrencies have jumped quite a bit in value over the course of the year and miners who verify transactions and earn digital assets have seen significant profits. While bitcoin miners have been seeing daily profits rise, a great number of other mineable digital currencies are pulling in much larger yields. Blake256R14 and Ethash Machines Pull Bigger Profits Than SHA256 Mining Devices The overall valuation of all cryptocurrencies in existence is around $1.5 trillion as digital asset values have risen considerably in 2021. While a great number of blockchains leverage consensus algorithms like proof-of-stake (PoS), there’s plenty of coins that can be mined with a machine like an application-specific integrated circuit (ASIC) mining rig. Mining rigs that can mine bitcoin (BTC) using the SHA256 algorithm can bring in anywhere between $7 to $16 per day in profits. That’s of course if the miner is using the latest hardware with at least 50 terahash per second (TH/s) of hashpower. ...
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Bitcoin 2021 conference Miami: Here’s what you missed so far

We've rounded up a few notable moments from the first day of the Bitcoin 2021 conference in Miami, Florida. The first official day of the Bitcoin 2021 conference in Miami, Florida yielded no shortage of newsworthy events. Thousands of conference-goers came together to take in speeches, interviews and panels from a wide array of guests, such as Miami mayor Francis Suarez, who spoke about the city’s efforts “to create the Bitcoin, blockchain and mining capital of the world.” Suarez’s track record is filled with various forms of involvement in the crypto and blockchain space, as he noted in his speech.  “The days of a currency being tethered to a central bank are coming to an end,” Suarez said after expressing several favorable views about Bitcoin, including: “The U.S. will become a powerhouse for clean energy Bitcoin mining.” Other speakers, panelists and interviewees included Kraken head of growth Dan Held , MicroStrategy CEO Michael Saylor and Draper Fisher Jurvetson founder ...
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Price analysis 6/4: BTC, ETH, BNB, ADA, DOGE, XRP, DOT, UNI, ICP, BCH

Continued selling at overhead resistance levels suggests that Bitcoin and altcoins could remain range-bound in the short term. Bloomberg senior commodity strategist Mike McGlone believes Bitcoin ( BTC ) is more likely to turn up and rally to $100,000 rather than correct to $20,000. In the June edition of the Bloomberg Galaxy Crypto Index report, McGlone said that Bitcoin’s correction had not dented its foundation and it was "stronger, greener and less extended" than in April. While Bitcoin has yet to witness a surge in demand, data from Coinshares show crypto funds have turned the corner and after two weeks of outflows , investors have pumped $74 million into cryptocurrency. Ether ( ETH ) products were leading the inflows with $47 million being pumped into them. Altcoins such as Cardano ( ADA ), Ripple ( XRP ) and Polkadot ( DOT ) each experienced more than $3 million in inflows. Daily cryptocurrency market performance. Source: Coin360 Novice traders seem to be in a...
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