Month: January 2021

India’s cryptocurrency investors were caught off-guard and left confused after news broke Friday that the country’s Parliament will be considering a government-backed bill that would ban “private” cryptocurrencies. Given the ruling party controls both houses of Parliament, the bill’s chances of becoming law are good. The Cryptocurrency and Regulation of Official Digital Currency Bill 2021
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On this episode of the ‘On Purpose’ podcast, independent registered investment advisor Tyrone Ross digs into the thorny topic of bitcoin and digital assets through the lens of your average financial advisor. As Tesla CEO Elon Musk adds “bitcoin” to his twitter biography and markets swing massively from bearish to bullish, what’s a financial advisor
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In this episode, Anna Baydakova, Tanzeel Akhtar and Danny Nelson discuss what the GameStop stock market chaos can teach crypto, why the Bank of International Settlements is pitching central bank digital currencies (CBDC) instead of crypto, and the privacy concerns around China’s digital yuan. The big story for the week involves the Reddit-based trading community
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Right now, blockchains communicate via tacked-on solutions (state channels, sidechains, swaps, bridges and so on). With the Stargate update to Cosmos on Feb. 18, the tools for native blockchain interoperability will be live on mainnet.  “This is a long-awaited release for many Cosmos-based projects out there,” Band Protocol’s Kevin Lu told CoinDesk via email. “For
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MicroStrategy CEO Michael Saylor pledged to keep pouring the business intelligence company’s excess cash into bitcoin Thursday, telling investors his team will also “explore various approaches” for additional buys. “Going forward, we continue to plan to hold our bitcoin and invest additional excess cash flows in bitcoin. Additionally, we will explore various approaches to acquire
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Farmers struggling amid Argentina’s hyperinflation and the economic effects of the coronavirus pandemic may soon find relief through the tokenization of agricultural assets using blockchain technology. According to a press release on Thursday, blockchain infrastructure provider CoreLedger and soon-to-launch peer-to-peer marketplace Abakus are aiming to create a digital barter economy within the country. CoreLedger’s technology
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Anthony Pompliano, the popular crypto evangelist and partner at Morgan Creek Digital, is launching a blockchain-focused jobs board, with backing from Gemini, Coinbase and BlockFi.  Announced Wednesday, PompCryptoJobs went live with over 100 open crypto positions advertised by its three launch partners.  Pompliano – known simply as “Pomp” in the crypto world – is planning
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Janet Yellen is the 78th U.S. Secretary of the Treasury. The former Federal Reserve chair and longtime economist secured enough votes in the Senate on Monday after a confirmation hearing on Jan. 19. Yellen was tapped by President Joe Biden to lead the Treasury Department after winning election last year. She succeeds Steven Mnuchin, who
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The document that started it all, in audio form. This episode is sponsored by Nexo.io. For this week’s Long Reads Sunday, NLW reads the document that started it all – the Bitcoin White Paper. Interestingly, this document was released under an MIT open-source license, available free to all. Image credit: Emir Hoyman/Getty Images Plus
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Some rudimentary pixel art just sold for 605 ETH, or $761,889 at purchase. FlamingoDAO, a decentralized autonomous organization (DAO) for investing in digital collectibles, is behind Saturday’s eye-popping CryptoPunk sale. Only nine such “Aliens” exist in the CryptoPunk universe, which pioneered non-fungible tokens (NFTs) in 2017 and are the “Holy Grail” for an emerging class
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Valkyrie Digital Assets filed an application on Friday for a bitcoin exchange-traded fund (ETF), becoming the second company to do so in a month. According to Dallas-registered Valkyrie Digital Assets, the Valkyrie Bitcoin Trust would be listed on the New York Stock Exchange and Coinbase Custody Trust Company, LLC would serve as the custodian for
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The Bitcoin community is debating the extent to which Bitcoin Core developers and maintainers should shoulder the symbolic burden of hosting its white paper, particularly when doing so could unnecessarily sap their time and finances. The question arose after the Bitcoin white paper was taken down from Bitcoincore.org, a canonical repository for the Bitcoin software
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After dropping 13% yesterday, bitcoin is once again on the ascent. Meanwhile, Janet Yellen has offered a more nuanced view of crypto and small Ethereum mining pools are organizing a campaign against a potential network upgrade. Top shelf Miners revolt!Eight Ethereum mining pools amounting to around 30% of the network’s hash power have formed a
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The U.S. government’s top investments watchdog flagged a series of unregistered cryptocurrency companies for apparently duping mostly international investors with false corporate information. Of the 28 suspect investment firms the U.S. Securities and Exchange Commission (SEC) called out Thursday, CoinDesk found eight that appear to target would-be cryptocurrency investors. Some purport to be trusted newcomer
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