Day: December 10, 2020

The curious implications of algorithmic stablecoins, Dec. 2–9

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This is the latest issue of Finance Redefined, Cointelegraph’s DeFi-centric newsletter delivered to subscribers every Wednesday. A relatively quiet week in DeFi finally has given me some breathing room to talk about a subject I’ve been postponing since almost the beginning of this newsletter, namely: What’s up with DeFi’s weird obsession with algorithmic stablecoins? There are so many of them, and so many new projects get an unreasonable amount of attention. The latest is Basis Cash, which turned the heads of quite a few farmers this week. BAC chart by…

Crypto News: Bitcoin on S&P, Eth 2.0, and Facebook Cryptocurrency

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▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Extra, extra! Bitcoin news! Get it while it’s hot! Another episode of Exodus Crypto News delivered with the Bitcoin price in the headlines. Don’t you love a good Bitcoin breakout? Ethereum 2.0 draws its head up from the ground just before we hit 2021. No real Ethereum price action as a result, but the future of Ethereum staking is making strides. The Facebook cryptocurrency gets a slight makeover as it goes from Libra to Diem. Tune in to learn what has changed…

Leah Callon-Butler: Will the Next M-Pesa Be A Blockchain App?

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“How does your solution touch the base of the pyramid?” asked Nomcebo Sherron Hadebe from the Ministry of Finance in Eswatini (formerly Swaziland). “I’m talking about those communities where a cell phone is charged only once a while, in a rural community where electrification is still very low. I think our target audience is not just those who have cell phones and use them daily,” she said. Given 770 million people around the world still live without access to electricity, it was a tough but poignant question from the judging…

ChangeNOW Integrates Uniswap, Traders Can Now Swap ERC-20 Tokens with Bitcoin, Monero, and More

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ChangeNOW, a Seychelles-based instant crypto-to-crypto, fiat-to-crypto non-custodial exchange, is integrating Uniswap—the Ethereum-based decentralized exchange and one of the largest in the world. They are now the first instant crypto exchange service to integrate Uniswap into its platform. Bridging ERC-20 Tokens with Mainstream Networks In a press statement on Nov 30, the exchange said the integration of Uniswap’s engine is a desirable milestone. ChangeNOW customers can now swap tokens listed on Uniswap while trading from reliable liquidity pools. However, the incorporation opens other doors. Beyond the ease of trading ERC-20 tokens,…

Elon Musk Believes ‘Too Many MBAs’ among American CEOs Can Limit Innovation

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However, Elon Musk’s position should not discourage the pursuit of an MBA amongst American CEOs as businesses present data-bound situations that will require MBA skills to address. Elon Musk, the founder and Chief Executive Officer of electric automaker Tesla Inc (NASDAQ: TSLA), and space ship manufacturer SpaceX believes that the problem with the corporate world in the US is that there are Too Many MBAs amongst American CEOs. Per a CNBC report, Elon Musk noted this while speaking at the Wall Street Journal’s CEOs summit, and he added that such…

Bitcoin Price & Technical Analysis: Do Not Be Afraid of Pause in BTC

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On Thursday, December 10th, the BTC is correcting, trading at 18,478 USD. This is a pause to put your nerves “in order” – you will definitely need them later. By Dmitriy Gurkovskiy, Chief Analyst at RoboForex. Tech analysis of BTC/USD The BTC dynamics might be dangerous for gold The BTC is aiming deeper into our daily life. On W1, the BTC keeps correcting from 100.0% Fibo. The aim of the pullback might be the nearest support level of 18,000 USD. The MACD histogram is in the positive area, which is another…

First Mover: Bitcoin Stuck as ECB’s Lagarde Primes Extra €500B Stimulus

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Bitcoin (BTC) was lower while staying mostly within this month’s range of roughly $18,200 to $19,700. “Upward price action seems to stall, and our analysts believe more inertia is required to push bitcoin beyond the $20,000 psychology barrier,” Lennard Neo, head of research for the cryptocurrency investment firm Stack Funds, wrote Thursday in a report.  In traditional markets, European shares were lower even after the European Central Bank boosted the size of an emergency bond-buying program to combat the economic toll of a resurgent coronavirus. U.S. stock futures pointed to a…

Eosfinex set to list 18 DeFi tokens from Ethereum

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Eosfinex, the Bitfinex-backed non-custodial exchange running on the Eos (EOS) network, announced the listing of more than 15 ERC-20 tokens, primarily consisting of governance tokens of major DeFi protocols on Ethereum. The listing is made possible by a collaboration with pNetwork, a crypto asset wrapping network that already brought cryptocurrencies like Bitcoin (BTC) and Litecoin (LTC) to Eos and Ethereum. The pNetwork tokens are distinguished by their lower case ‘p’ prefix, for example “pBTC” and “pLTC.” The listing on Eosfinex will occur in several phases. The first, scheduled for Dec.…

S&P DJI to Delist 21 Chinese Firms Following Trump’s Executive Order

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In addition to S&P DJI, index provider FTSE Russell noted last week that it will delist major Chinese tech companies from its FTSE Global Equity Index Series. S&P Dow Jones Indices LLC (S&P DJI) has announced on Thursday that it will delist 21 Chinese firms from its index products following last month’s executive order prohibiting the purchase of certain Chinese securities by US investors. Notably, the Chinese firms affected by the latest wave include those from mainland-listed A-shares, Hong Kong-listed H-shares and American Depositary Receipts (ADRs). Hangzhou Hikvision Digital Technology…