Day: September 16, 2020

How crypto tokens could change our entire experience of value transfer – Cointelegraph Magazine

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Programmable money (PM) is in the air. It may be the next stage in the evolution of money. And it could be as disruptive as any financial technology in development today. Yes, China is close to launching the first central bank digital currency (CBDC) at scale — perhaps within the next 12 months — but if so it will be eclipsed before the decade’s end by CBDC 2.0, i.e., digital currency attached to blockchain-enabled smart contracts. At least, that’s what many think. Programmable money is money with constraints. An analogy…

Bitcoin will continue appreciating, although at a slower pace than in the past, Bloomberg analyst explains

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Mike McGlone, Senior Commodity Strategist at Bloomberg, is convinced Bitcoin will continue to appreciate thanks to its fixed supply coupled with increasing demand.  “I don’t see what [could] make it stop doing what [it’s] been doing for the last 10 years. And that’s going up”, he told Cointelegraph in a recent interview.  McGlone sees Bitcoin’s capped supply as the main feature. He said that this potentially makes it a better store of value than gold, the total amount of which is unknown.  Given the fixed supply, Bitcoin is going to…

Pickle.Finance TVL exceed $347M in 4 days

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Food-related DeFi projects have slowly taken over crypto in the last quarter, with many of these projects suffering from contentious issues, like the Uniswap fork, SushiSwap’s vampire attack, and the market dump of $13 million worth of Ether (ETH) by lead developer Chef Nomi.  Then there’s the infamous Hotdog DeFi meme coin which dumped 99.9% hours after listing. These quick pump and dump style projects have the capacity to give DeFi a bad name but taking a closer look at the list of food themed projects reveals that not all…

Simplex and Bitrue Integrate with Gala Games, Linking Blockchain and Mainstream Gaming

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Place/Date: Tel Aviv, Israel – September 16th, 2020 at 5:44 pm UTC · 4 min read Contact: Simplex, Source: Simplex Photo: Simplex  Simplex, the leading fiat infrastructure for crypto onramps, today announced support for the purchase of the GALA token. The new ERC-20 token can be traded inside the blockchain game Townstar, co-developed by one of the founders of Zynga, Eric Schiermeyer. Townstar’s launch is a revolutionary milestone in bringing together the power of blockchain technology and accessibility of casual games, which opens the ecosystem to over 2.4 billion gamers…

Charles Hoskinson’s treasury concept is about to get its first real-world test drive with ‘Project Catalyst’

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IOHK has distributed $250,000 worth of ADA to Project Catalyst. These funds will be allocated to several Cardano-based projects proposed by the community. Project Catalyst is one of the building blocks of Cardano’s Voltaire era, which is expected to bring decentralized governance to the ecosystem. According to IOHK’s press release, Project Catalyst is expected to control $70 million worth of Cardano’s ADA cryptocurrency in the future. Charles Hoskison is a big proponent of decentralized treasuries, which he believes to be one of the greatest innovations of our time. The idea…

DeFi Darlings Chainlink, Binance Coin, Yearn.Finance Plunge Over 10%

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Bitcoin is surging but the rest of the crypto space isn’t following its lead this time around. Instead, many of the DeFi darlings that led the last bullish impulse, have fallen 10% or more in the last 24 hours. What’s going on with the previously parabolic Chainlink, Yearn.Finance, and Binance Coin? Here’s the good, the bad, and the ugly when it comes to these DeFi tokens and their short-term fate. The Good: Yearn.Finance Ready To Fly If Footing Can Be Found Yearn.Finance is one of those magical success stories that…

Blockchain Bites: The SEC’s Chilling Effect on Crypto Development

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A slew of regulatory happenings are in the works. First, the Bahamian central bank plans to issue the first CBDC this October while the Indian legislative body is considering a ban on crypto trading.  Further, the latest SEC injunction into an allegedly unregistered token sale could set a grave precedent, argues Commissioner Hester “Crypto Mom” Peirce. Top shelf CBDC firstThe Central Bank of the Bahamas has confirmed it is moving ahead with the nationwide launch of its digital currency, called the “Sand Dollar,” sometime in October. Approximately $48,000 worth of the new central…

Exclusive Casino Tournament with $5000 Prize Pool Begins at Bitcoin Games

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Play in the newly launched tournament at Bitcoin Games to win a share of the $5000 prize pot, get guaranteed Free Spins just for participating. Play to Win The premium entertainment provider Bitcoin Games has been loading its arsenal of casino games with some of the most sought after software providers in the world. One such games provider, Playson, has been recently added to the casino’s library with a host of premium Slot games to be played from. Playson Tournament guarantees Free Spins to anyone who participates in the promotion…

Bitcoin Slows Its Bearish Momentum Following Daily Close; Factors to Consider

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Bitcoin is currently flashing some notable signs of strength following the bout of weakness seen throughout the past couple of weeks. The cryptocurrency is far outperforming the altcoin market, with both major altcoins like Ethereum and Chainlink – as well as smaller ones – all flashing signs of immense weakness throughout the past several days and weeks. BTC’s upswing amidst a turbulent and bloody market is the ultimate show of strength, indicating that investors still view it as the most reliable and safe digital asset during times of uncertainty within…