Day: October 7, 2020

Qiao Wang: Bitcoin Could Become the Reserve Asset for DeFi

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Crypto trader, analyst and operator Qiao Wang looks at bitcoin’s macro resilience and why DeFi is here to stay. Today on the Brief: Stimulus talk shutdown spooks markets House recommends antitrust actions but likely to get nowhere CBDC trial results from China Our main discussion is with trader and entrepreneur Qiao Wang. In this conversation, NLW and Qiao discuss: Bitcoin’s resilience in the face of a barrage of bad news Why DeFi is a natural next step from the foundation bitcoin has built  How bitcoin could end up the reserve asset for…

Antitrust Committee: Facebook Uses Monopoly Power

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The report stated that Facebook sustains its monopoly position by identifying and acquiring its competitors. The U.S. Judiciary antitrust committee said in a report that Facebook Inc (NASDAQ: FB) and other 3 tech giants enjoy monopoly powers. The report highlighted certain recommendations, specifying that Facebook watches out for competitors to kill them. According to the report, Facebook holds monopoly power over the social network space. The report said that Facebook has managed to remain in its monopoly space by acquiring, copying, or killing its competitors. Facebook Monopoly As stated in…

The Best Blockchain University Programs Actually Pay Students to Learn

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Out of all the universities with blockchain education programs, two stand out by offering students paid opportunities to learn by working.  At MIT and Berkeley, students can take accessible and well-paid jobs at blockchain startups, often for part-time arrangements like 12 hours a week.  This post is part of CoinDesk’s 2020 university package. See our exclusive ranking of blockchain universities here. MIT Bitcoin Club President Nate Foss said his student organization has a dedicated Slack channel for crypto-related job openings. Plus, the MIT Bitcoin Club’s alumni network includes local companies…

Justin Bieber Wants to Make Crocs Cool

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Justin Bieber has been trying to make Crocs cool again. These fashionable attempts have earned him both snark and ire. And there’s a good reason for that: Mario Batali made Crocs cool a long time ago. Justin Bieber is trying to make Crocs great again. The pop star is often seen sporting the snarked-upon footwear — he’s worn them to bike dates with both of his famous girlfriends — and now, he’s making his love of Crocs “officially official” with a collaboration, set to drop on October 13th. While he’s earning some…

Pantera says they’re placing a heavier bet on DeFi than the rest of the market

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In an October 6 webinar, Pantera Capital disclosed that their Digital Asset Fund intends to invest more heavily into DeFi assets than the rest of the market.  Source: Pantera Capital. Pantera’s co-chief investment officer, Joey Krug said that unlike other funds that allocate most of their portfolios to stores of value like Bitcoin (BTC), his company is prepared to place its primary bet on DeFi: “And so if you look at portfolio construction, we can see that relative to the market, we’re taking a different bet with the Digital Asset…

It’s the Small Things That Make the PS5 Teardown So Impressive

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Sony has released an official PS5 teardown. The video breaks down the console’s internal components and structure. The PS5 features an impressive array of quality of life and performance features. True to form, Sony today published, out of nowhere and with absolutely no forewarning whatsoever, the long-awaited teardown of the next-gen PS5. In a seven-minute video, Sony Interactive Entertainment’s VP of the Mechanical Design Department, Yasuhiro Ootori, introduces the innards of the PS5 with a piece by piece strip-down of its constituent parts. As an accompanying PlayStation Blog post confirms,…

Coinbase Users Lose $25K On Yearn.Finance Since DeFi Token’s Debut

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Timing when to buy in crypto or any market is a difficult task. Eager DeFi investors learned this the hard way if they rushed to buy Yearn.Finance (YFI) the moment it was listed on Coinbase. From that moment on, its been almost nothing but downside since, leaving anyone who bought that “top” with a $25K paper loss on hand. Will YFI recover and soften the sting of such a dramatic fall from grace, or will investors continue to yearn for their money back? How A Coinbase Listing Has Become The…

PARSIQ Team Helps Crypto Hack Victims Recover Stolen Coins

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PARSIQ team used their innovative technology to do a “snapshot” of the state of their token holders before the KuCoin hack. As the cryptocurrency industry grows immensely to global scale, the risk factors associated with black hat hackers is glaring at unsuspecting investors on a daily basis. However, thanks to an ingenious technique developed by PARSIQ, the blockchain industry can now guarantee investors full recovery of their crypto balances in case of mass theft by hackers. In the past two weeks, black hat hackers have managed to compromise different crypto…

Blockchain Bites: Crypto’s Top Universities, Bitcoin’s New Addresses, MetaMask’s Token Swaps

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Making consensus CoinDesk is preparing for the invest: ethereum economy virtual event on Oct. 14 with a special series of newsletters focused on Ethereum’s past, present and future. Every day until the event the team behind Blockchain Bites will dive into an aspect of Ethereum that excites or confuses us. The Top Shelf news you subscribed to is down below.  Now, a few words from CoinDesk tech reporter Colin Harper. Centralized stablecoinsStablecoin use on DeFi applications has exploded in 2020.  Approximately $20 billion of crypto dollars are floating around, and a few billion of these have…