Day: December 10, 2020

Millennials will boost Bitcoin adoption for years to come: BlockFi CEO

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Millennials, a generation beleaguered by student debt, low pay and a lack of savings, can rewrite their financial narratives using Bitcoin (BTC) and cryptocurrency according to a panel discussion at this year’s BlockShow summit in Singapore. That was the key takeaway from the “Millennial investment trends — new wave of personal finance” panel featuring Aya Kantorovich of FalconX, Zac Prince of BlockFi and Grayscale’s Michael Sonnenshein. The panel delved into Millennials’ impact on the future of digital assets. During the discussion, Prince identified three major Bitcoin adoption trends that are inextricably…

Growing Bitcoin Adoption Hurting Gold Market, Gold Price Will Continue to Weaken, Says JPMorgan

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The rise of bitcoin is hurting the gold market and may continue to do so for many years to come as institutional adoption grows, according to JPMorgan Chase & Co strategists. Led by Nikolaos Panigirtzoglou, the strategists noted the declining inflow of funds allocated to gold exchange-traded funds (ETFs) since October, as flows into bitcoin (BTC) funds have swelled almost simultaneously. They said that the move “represents the transfer of billions in cash.” “The adoption of bitcoin by institutional investors has only begun, while for gold its adoption by institutional…

Theta network enhancements usher in smart contract capabilities

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Theta, a blockchain that facilitates decentralized video streaming, recently updated its mainnet, adding a number of benefits.  Theta’s mainnet now hosts smart contract capabilities, as of a block height of 8,411,427, Theta Labs said in a blog post on Thursday. (At time of publication, Theta’s blockchain shows a height of 8,411,845, so the updates should be already live.) Theta is one project still chugging along from the initial coin offering boom. The project finished its ICO near the end of the bubble in January 2018, raising $20 million. Although many…

It’s “Bounce or Die” for Yearn.finance’s YFI as Selling Pressure Ramps Up

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Yearn.finance’s YFI token has seen some volatility over the past few days and weeks, which has mainly derived from that seen across the entire market. It has been closely mirroring the price action seen by the benchmark cryptocurrency and its other counterparts. Where YFI trends in the mid-term should depend largely on whether or not YFI is able to find any strong support in the mid-$20,000 region, as this has long been a support level for the cryptocurrency. Furthermore, YFI’s dependance of DeFi usage rates to drive value to the…

How much money do you get from Crypto Mining? | Counos x Mining 2020

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▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io In this video we discuss the mining process of Counos X (CCXX). The specifics of exactly how Counos X mining takes place is as follows; the main algorithm used in the mining process is proof of work, however, because of some extra requirements for miners, it would be more accurate to say that the used algorithm is a mixture of proof of work and proof of stake. There are also other conditions that must be met. You can find out about those…

Bitcoin Bounces Toward $18,400 as MassMutual Unveils $100m BTC Purchase

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Bitcoin underwent a strong plunge yesterday evening to $17,700. The cryptocurrency crashed as the stock market faced a correction and as the U.S. dollar showed a bit of strength after a brutal showing over the past few weeks. But, BTC is already bouncing back. After falling to those lows, the cryptocurrency has bounced toward $18,400 as of this article’s writing. This bounce comes on the news that a large American insurance company has purchased Bitcoin to diversify its portfolio. Related Reading: Here’s Why Ethereum’s DeFi Market May Be Near A…

Crypto gift ideas for the Christmas fan in your life

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As we find ourselves already knee-deep into December, it has become increasingly difficult to ignore that certain festive je ne sais quoi that always seems to permeate the air during this time of year — yes, even in this globally most horribilis of annuses, (whisper it) 2020. The shops — well, those of them that haven’t been permanently shuttered, or at least forcibly quarantined, by the coronavirus pandemic that has defined much of our lives for the past 12 months — have been pumping out seasonal tunes for what already…

Blockchain-powered Bordeaux? IBM announces wine supply chain tracing system

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An IBM blockchain-powered platform is now offering a way for people to track wine from its vineyard origins all the way to your local store shelf. In an announcement today, IBM said it has partnered with wine monitoring firm eProvenance to release the VinAssure platform. Built on IBM Blockchain Transparent Supply, VinAssure will reportedly run on IBM Cloud and allow wine producers, importers, transporters, distributors, restaurants, retailers, and others to track the supply chain of bottles “through a permissioned, permanent and shared record of data.” VinAssure’s members include North Carolina-based…

Bitcoin.com Wallet Adds Shareable Payment Link Feature – Send Bitcoin Cash to Anyone via Text, Email, and Social Media

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At Bitcoin.com, our team is all about spreading the benefits of peer-to-peer electronic cash and our flagship wallet is a testament to our team’s passion. Bitcoin.com’s noncustodial crypto wallet recently upgraded and now offers a new payment link feature that allows anyone to send bitcoin cash by email, and even social apps like Whatsapp, Facebook, Slack, Telegram, and Instagram. Just recently the Bitcoin.com Wallet added a number of new features in the latest 6.10.3 version release. The Bitcoin.com Wallet is a noncustodial bitcoin cash (BCH) and bitcoin (BTC) client that…