Day: September 2, 2020

Microstrategy’s $250 Million Bitcoin Buy Consequential

boss

When a publicly owned company decides to invest about $250 million in an asset that was widely attacked more than a decade ago, it says a lot about how the world has changed. The reasons and the timing of Microstrategy’s bitcoin incursion could not have come at a better time for the company’s investors. The constant reminders about the waning fortunes of the U.S. dollar on one hand and the growing recognition of bitcoin, on the other hand, all tell the story of a changing world. Changing Environment To illustrate,…

Blockchain Bites: How SushiSwap Drove Uniswap to DeFi’s Top Spot

boss

A South Korean crypto exchange has been raided by police, Bitcoin’s Lightning Network hit a new high and mining revenues are climbing. You’re reading Blockchain Bites, the daily roundup of the most pivotal stories in blockchain and crypto news, and why they’re significant. You can subscribe to this and all of CryptoX’s newsletters here.  Full stack Sushi/UniThere is a battle for dominance to become the top decentralized exchange in the DeFi space. Uniswap, a venture capital backed project, meant to create a more open and customizable crypto exchange, is being challenged by an upstart unaudited…

Big Sean Doesn’t Deserve To Be Dragged Over Naya Rivera

boss

“Cancel culture” is coming for Big Sean. Keyboard warriors feel he should be “canceled” because a five-year-old song was thought to be about his late ex, Naya Rivera. But he revealed that it wasn’t — and even if it were about her, is it really necessary to “cancel” him over it? Big Sean doesn’t FWU. The rapper has made clear that his infamous 2015 song, “IDFWU,” isn’t about his late ex, Naya Rivera, even though it was long believed to be about the late “Glee” star. That isn’t stopping “cancel culture” from coming for…

Blockchain technology, financial and self-sovereign digital identities

boss

Imagine if it were possible for your identity to be available at any time, where third parties could only access it with your consent. The discourse that everyone has the right to own their digital identity has been gaining momentum around the world. And the path to this is the development of “decentralized digital identity” solutions. What is a self-sovereign identity? Here, it is important to clarify that according to the concept of self-sovereign digital identity, owners (holders) of the digital identity are responsible for the control and management of…

Key Reasons Why This Latest Selloff Hasn’t Hurt Bitcoin’s Bull Case

boss

Bitcoin saw a notable selloff today that struck a heavy blow to the cryptocurrency’s technical outlook. This decline sent it down to its range lows of $11,100 that have been tested on multiple occasions throughout the past few weeks. This level has continued acting as strong support for the benchmark digital asset. Analysts are now noting that the reaction BTC continues posting as it trades just a few percent above this level should offer significant insight into its near-term trend. Despite its overt weakness, one trader is pointing to a…

Bitcoin, Ethereum ETP Products Go Live on Austria’s Vienna Stock Exchange

boss

The Austrian stock exchange will now list a Bitcoin exchange-traded product (ETP) and an Ethereum ETP starting this week. It becomes the third exchange to do so, according to a press release Tuesday. Institutional Access to Bitcoin and Ethereum Wiener Börse, the Vienna Stock Exchange, becomes the 3rd exchange venue globally to admit a Bitcoin ETP Product on its official “regulated’ market segment. The move makes the Swiss-based ETP issuer 21Shares AG the first Bitcoin and Ethereum Products to the official market on the Austrian exchange bringing more security, transparency,…

Bitcoin News Roundup for Sept. 2, 2020

boss

With bitcoin’s price dropping overnight as DeFi booms, CoinDesk’s Markets Daily is back for your latest crypto news roundup! Bitcoin fell by $400 Wednesday morning, having failed once more to move above a long-held resistance level.  Miners generated an estimated $368 million in August. Revenue estimates assume miners sell their bitcoins immediately. Trading volumes are surging on Uniswap and other so-called decentralized cryptocurrency exchanges, challenging established venues like Coinbase. Crypto exchange Bithumb has reportedly been seized by police in Seoul on allegations its chairman engaged in investment fraud. Original

Carole Baskin Claws Onto ‘Dancing With The Stars’ Because It’s 2020

boss

“Dancing With The Stars” just announced its lineup for the 2020 season. Nelly, Jesse Metcalfe, and Carole Baskin are just three of the many “stars” begging for relevance again. “DWTS” has really jumped the shark — or more appropriately, the tiger. “Dancing With The Stars” continues to be as ridiculous as 2020 is. After announcing Tyra Banks as its new host, the former ABC juggernaut continues its journey into irrelevance with a lineup that’s nothing short of disastrous. Outside of its irrelevant actors and over-the-hill rappers, the reality competition show…

Jacksonville Jaguars Tanking For More Than Trevor Lawrence?

boss

As absurd as it sounds, there are professional sports teams that try not to win (tank) to get a better draft pick. Many have accused the Jacksonville Jaguars of tanking this season with how the offseason has unfolded for them. If successful, they will get the No. 1 pick in the 2021 draft, presumably Trevor Lawrence. But there is speculation they could also get someone else. A few years ago, it looked like the Jacksonville Jaguars were on their way up. They had an insanely good defense, a new bruiser…

Why Invest in Gold-backed Cryptocurrency

boss

GoldCoin is the first fractionalized gold-backed asset that is available for purchase directly with a national currency.  The concept of ‘digital gold’ is not new. In the 1990s, E-Gold emerged as the world’s first virtual currency backed by physical gold. Millions took advantage of the service at its peak before E-Gold eventually shut down. Today, there is a wide range of cryptocurrency projects looking to capitalize on a digital gold rush by issuing gold-backed coins. Many wonder why they should invest in a gold-backed cryptocurrency when there is an array…