Day: December 1, 2020

Selena Gomez Didn’t Need an Apology Over an Insensitive Joke

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This is an opinion. The “Saved By The Bell” reboot told a joke about Selena Gomez’s kidney transplant. It was insensitive, to be sure, but it wasn’t overly offensive. The show ended up apologizing after an outcry from fans — but was it even necessary? Selena Gomez got an apology. After the reboot of “Saved By The Bell” told a joke about her kidney transplant caused a huge outcry from fans, the show issued a mea culpa. Was the joke insensitive? Sure. Did it merit an apology from the show? Not…

Yearn.Finance Season of Mergers, Sushiswap Now Next on The List

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Decentralized Finance (DeFi) protocol Yearn.Finance is advancing in its season of mergers with the latest announcement coming in to feature another DeFi notable DeFi giant SushiSwap. As reported by The Block, the merger between Yearn.Finance and SushiSwap is the former’s fifth merger and showcases the protocol’s effort to keep bringing in value into the DeFi ecosystem. The decentralized finance ecosystem is already seeing impressive momentum as DeFi protocols dedicated to lending and borrowing, cryptocurrency swapping, and other decentralized finance offerings permeate the cryptospace. With the advances shown as marked by…

Blockchain Coalition Launches Tradable Carbon Credit Token

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Stablecoin pioneer Uphold is claiming to have launched the first tradable retail carbon token. The Universal Protocol Alliance, a coalition of blockchain companies led by Uphold and including Bittrex Global, Ledger, Certik and Infinigold, announced the Universal Carbon (UPCO2) token Tuesday.  Each blockchain-based UPCO2 token represents a certified measure of carbon dioxide. They can be bought and held as an investment, or burned to offset a company or individual’s carbon footprint, the group said. A rather overloaded term, “carbon credits” can refer to both government-issued credits traded on regulated markets,…

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Universal Protocol Alliance introduces tradable carbon token

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An alliance of crypto firms is introducing tokenized carbon credits for individuals to offset the amount of carbon dioxide they contribute.  According to a Tuesday announcement, the Universal Protocol Alliance has launched a tradable carbon token on a public blockchain. The UPA stated that crypto users can “burn” the Universal Carbon token, UPCO2, to offset their carbon footprint. However, they also have the choice of holding the tokens or trading them like any other digital asset using Uphold, a major U.S. cryptocurrency wallet and trading platform that’s also a member…

Mastermind of Bitcoin Mining Ponzi Scheme Extradited to the US: $20 Million in Victims’ Funds Laundered

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The US government says it has extradited Gutemberg Dos Santos, the co-founder of the Airbit Club Ponzi scheme from Panama and he now awaits his trial in a Manhattan court. Dos Santos is facing charges relating to his role in perpetuating a “cryptocurrency” scam which defrauded victims of “tens of millions of dollars.” Fraudulent Claims According to the US Department of Justice (DOJ), Dos Santos and five accomplices are accused of falsely promising victims that they will earn passive income from cryptocurrency mining. However, investigations found that “no bitcoin mining…

Bitcoin Volatility Kicks Into Overdrive After ATH Set, 7% One Hour Drop Follows

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Bitcoin price yesterday shocked the finance world by setting a new all-time high. With resistance around this area still strong, and with so many cryptocurrency investors in profit for 2020, extreme FOMO and profit-taking is causing wild volatility resulting in more than $1,000 intraday moves. This morning, exactly that happened, when after retesting yesterday’s peak, a rejection sent the price per BTC diving by 7% in less than an hour, shaving over a grand of the price of the top cryptocurrency. Bitcoin Sees $1,500 Rejection At Retest Of New All-Time…

GitLab Employees to Sell Off Equity Valued Over $6 Billion

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GitLab will soon go public and according to information, the decision is to allow employees to get hold of some liquidity before the company makes an announcement on its market debut. A recent report has revealed that GitLab plans on allowing employees to sell off their equities that values the company at more than $6 billion in an offering. GitLab Inc was created in 2014, and as an open-source code collaboration web-based platform, it provides the grounds for developers to review codebase after creating them. In 2019, Goldman Sachs and…

Bitcoin Price Rally to Over $19,800 Likely Because of “Smart Money”

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Preceding the Bitcoin price pump to over $19,800 was an influx of new capital and investors, data from GlassNode reveals. The Bitcoin Price Pump The Bitcoin price has since contracted to around $19,400 at the time of writing but price action favors bulls.  After last week’s decline–that saw prices slide to $16,555 before reversing to spot rates, the entry of new investors is bullish for Bitcoin price and the crypto scene. Focus on On-Chain Activities Differentiating the current Bitcoin rally from previous pumps are bullish on-chain activities and the influx of smart money.…

Coinbase executed MicroStrategy’s $425M Bitcoin purchase in September 2020

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Coinbase, the United States’ largest cryptocurrency exchange, announced that itfacilitated one of the largest institutional Bitcoin (BTC) purchases in 2020. According to an official announcement, Coinbase was selected as the primary execution partner for MicroStrategy’s $425 million purchase of Bitcoin in September 2020. Brett Tejpaul, head of institutional sales at Coinbase, provided more details about the purchase as well as the company’s aim to facilitate institutional purchases in a Dec. 1 blog post. “Using our advanced execution capabilities, leading crypto prime brokerage platform, and OTC desk, we were able to…