Day: January 21, 2021

power DeFi users can now claim Stake DAO tokens

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Active decentralized finance (DeFi) users woke up yesterday to yet another “airdrop” of governance tokens, this time courtesy of self-described “multi-service platform” Stake DAO — but, due to the unique distribution method and some bugs in the rollout, eligible users might want to claim their tokens sooner rather than later.  In an introductory post to the project, Stake DAO laid out the parameters for the SDT token distribution, which set aside an initial 1.5% of tokens for “active members” of a long list of popular DeFi projects. Among those members,…

Blockfi exec explains institutional outlook on altcoins

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Could institutional investors begin expanding into altcoin purchases? Blockfi’s vice-president for Europe and Asia, David Olsson, mentioned liquidity as a component of consideration. Some digital assets on the market, including newer ones, may see high volumes at times. “The question is, how long can that be sustained,” Olsson explained during a CfC Moritz conference segment on Wednesday, adding: “Chainlink (LINK) is one that has held up decent volume over time, but a lot of them tend to, you know, be kind of the next greatest thing, and then fizzle out…

Robbers Take $450K From a Tether Trader During an In-Person Transaction in Hong Kong — Second Incident in 2021 – News Bitcoin News

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Hong Kong police are investigating the second incident in the year involving an offline cryptocurrency transaction. A female trader is reportedly the latest victim of robbers who stole her HKD 3.5 million ($451,000) worth in tether (USDT) tokens. One of the Robbers Gained Female’s Trust by Performing Three Successful Transactions According to the South China Morning Post, thieves lured the female crypto trader to an office for arranging the deal. The incident took place at the Ricky Centre on Chong Yip Street in Kwun Tong, said the authorities. Initially, the…

3 ways the next altcoin bull cycle will vastly differ from 2017’s

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A recent report from CoinMetrics suggests that when a new altseason starts it will play out in a way that is vastly different from the market of 2017-2018.  According to the authors of the report, the arrival of institutional investors and their interest in Bitcoin (BTC) and Ether (ETH) has fundamentally shifted the cryptocurrency market landscape. Tokens with real world utility, Layer 2 technology or attractive staking ecosystems will outperform the large cap tokens from pre-2017. Bitcoin and Ethereum dominate but L2 tokens will catch up Institutional inflows firmly established…

Sequoia Holdings Employees to Receive a Portion of Their Salaries in Bitcoin

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Sequoia Holdings, a software company is now allowing its employees to receive a portion of their salaries in bitcoin and other crypto assets. Sequoia’s New Program Offers Crypto Options to Employees According to a press release on Thursday (Jan. 21, 2021), Sequoia Holdings would introduce a new program that would give employees of the company the option to receive part of their salaries in Bitcoin. Other cryptocurrency options available include ether (ETH) and bitcoin cash (BCH). The new program would be carried out through Sequoia’s collaboration with a third party…

Bitcoin whitepaper fight could end up in court as both parties escalate drama

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The unfolding drama surrounding the ownership of the Bitcoin (BTC) whitepaper could very well make its way to the courts, after both sides embroiled in the dispute told Cointelegraph they’re ready to “go all the way.” On Jan. 21, the owners of two Bitcoin websites were threatened with legal action by lawyers representing Craig Wright, the man who claims to be Bitcoin inventor Satoshi Nakamoto. Wright claims to be the original copyright holder of the Bitcoin whitepaper, and demanded that both sites remove their locally hosted copies of the document…

Bitcoin Worries `Fading,’ as Crypto Goes Mainstream, S&P Says

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Bitcoin has “a lot of similarities” with gold, and consumer fears of the cryptocurrency being stolen are fading, according to a new report from a unit of the bond-rating and investment-index firm Standard & Poor’s. “Concerns of bitcoin theft were rampant a few years ago,” Jim Wiederhold, associate director for commodities and real assets for S&P Dow Jones Indices, said in excerpts of the report emailed by a press representative for the New York-based company. “As Bitcoin becomes more mainstream, these worries are fading, though lingering technology and exchange counterparts…

Bitcoin Slumps to $31K on Sell-Off in US and Europe

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Bitcoin’s price took another hit Thursday morning, dropping close to $31,000 since markets opened in Europe and the U.S.. Investors rushed to take short-term profit, concerned about when – or if – another wave of new buyers would come into the market soon. At the press time, bitcoin‘s price was at $31,910.61, down 6.61% in the past 24 hours, according to CoinDesk 20. In the U.S., at around 9:40 a.m. ET (14:40 UTC), bitcoin’s price was as low as $31,006.59. One indicator showing the severity of the U.S. and European…

SEC v Ripple – The END of CRYPTOCURRENCY – XRP – in the U.S.

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▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io The SEC v Ripple Case is a direct assault on the Cryptocurrency in the US. The SEC is taking a burning down the house approach to regulating cryptocurrency, while directly going after innovation, and potentially chasing companies and technology out of the US. THIS IS OURS TO LOSE!!! Once gone – there is no coming back again!!!! SUPPORT ON THE CHAIN BUY US A COFFEE FOLLOW ON THE CHAIN: Subscribe to our other Youtube Channel: On The Web: Follow OTC on Twitter:…

As DeFi booms, Ethereum’s blockchain competitors are catching up

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Ethereum is not the only blockchain platform seeing a significant increase in value as the decentralized finance space continues to move in tandem with the booming cryptocurrency ecosystem. The new year has continued to be good to the DeFi space, evident in the sheer amount of value that has been injected into various platforms. The value staked in DeFi protocols briefly surpassed $27 billion on Jan. 20, according to DappRadar, driven in part by the increase in value of a large majority of cryptocurrency tokens. Nevertheless, the space has seen…