Day: January 21, 2021

Early Ether investor sells all his ETH, plans to buy parents a house

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A Redditor named “u/FollowMe22”, 27, says he has finally sold off the last of his Ether (ETH) stash acquired back in 2016. According to the Reddit post, he began buying ETH back in 2016 when the price was slightly above $2, adding: “I put my whole tax return in 2016 and threw a couple hundred at it whenever I could. I didn’t buy a car and biked to work to save money. I remember at the time thinking there was about a 1/3 chance it would 100x, so there was…

Why secure data tokenization should scare the hell out of Big Data

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Data is becoming one of society’s most valuable resources. And yet, our existing approaches fail to unleash its massive intrinsic value. Why is this the case? The issue is that our data — who we are, and what is relevant about us — is defined and collected by corporations and governments. Consumers were alarmed to find their ​phones were being tracked by the government​, for example. These organizations, whether private or governmental, seem interested primarily in using your personal identity and your data streams to enhance their power. If you…

First Mover: As Bitcoin Flips Bearish, Neither Biden Nor BlackRock Brightens Mood

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Bitcoin (BTC) was lower for a third straight day, slipping below the $34,000 level that had been seen as a market floor in recent weeks.  “Downside volatility struck,” Lennard Neo, head of research for the cryptocurrency-focused Stack Funds, wrote Thursday in a weekly newsletter.  In traditional markets, European share indexes rose ahead of a press conference with European Central Bank President Christine Lagarde, after a meeting in which officials left interest rates unchanged and said they might not use the entirety of a pledged asset-purchasing program if it’s not needed.  In the U.S.,…

NiceHash Profitability for RX480 and RX570? Bitcoin Mining with GPU’s on NiceHash! Test Bench Update

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▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Hello miners! Happy Sunday! Quick video for you guys! Just a quick update! All rigs are on NiceHash currently mining BTC! BTC has been steady over 23k! This is crazy! NiceHash profitability is great right now! Everyone should be GPU mining! Pay off your PC in crypto! $1.90 is the current profitability for the RX570 and RX480 rig on 12/20/2020 The Goal is to be as power efficient as possible! Comment down below what you want to see next! Black Miner Mini?…

Bitcoin En Route to $30,000 After Price Falls ~12% in a Day; Here’s Why

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Bitcoin plunged roughly 12 percent on Thursday, breaking below critical support levels to target $30,000 for a potential pullback. The sell-off occurred despite a positive risk-on sentiment across the traditional markets. That prompted analysts to blame a flurry of fundamentals, ranging from the US Treasury Secretary Janet Yellen’s remarks on Bitcoin’s use for illicit purposes to the Deutsche Bank’s survey that concluded the cryptocurrency is in a massive bubble. “When asked specifically about the 12-month fate of Bitcoin and Tesla — a stock emblematic of a potential tech bubble —…

Grayscale Purchases 32,710 Bitcoin in 1 Week, 8,762 BTC in 24 Hrs

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Quick take: Grayscale has accumulated 32,710 BTC in 1 week and 8,762 Bitcoin in 24 hours The accumulation is happening alongside a Bitcoin correction to the lower $30k levels Grayscale now owns 3% of the 21 million Bitcoin that will ever exist The idea of Bitcoin scarcity is growing with such purchases by big firms The Wall Street firm of Grayscale Investments has accumulated 32,710 Bitcoin in one week. Of this amount, 8,762 Bitcoin was accumulated in the last 24 hours. This translates to purchases of Bitcoin worth $285 million…

Kyber plans to become a hub for DeFi with massive DEX upgrade

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Kyber Network (KNC), a decentralized exchange platform and aggregator on Ethereum, announced plans for Kyber 3.0, a complete overhaul of its platform. With the 3.0 release, Kyber will transition to become a network of specialized liquidity pools, similar to how different exchanges optimize for different kinds of assets. For example, Kyber 3.0 will allow very high amplification factors for pairs between different wrappers of the same asset, similar to Curve. The team says this would allow a 100-fold improvement to slippage. Other, less stable pairs like Bitcoin (BTC) to Ether…

Highly Anticipated Ethereum Fee Model Upgrade is Expected in 2021

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High gas prices are a thorny subject for the Ethereum community. The issue gained widespread coverage during the summer of DeFi when demand and network usage were sky-high, resulting in less than palatable charges. Ethereum Improvement Proposal (EIP) 1559 is touted as a solution to the problem, but it wasn’t clear whether it would see a rollout. However, an update from the dev team indicates it could be coming out in 2021. Ethereum Gaining Ground Against Bitcoin An amazing week for Ethereum sees its price exceed the previous all-time high,…

REVIEW CRYPTOCURRENCY MARKET(CCM)

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▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Cryptocurrency market is a Decentralized platform registered in the USA that is aimed at bringing total transparency to the blockchain industry, a platform that also provides users, traders, investors, and institutions with adequate information for a better-informed decision. Cryptocurrency Market is aimed at reducing the hassles of roaming on several platforms before retrieving specific information; the platform will concentrate on centralizing information on a decentralized platform which will in turn save both time and money. #CRYPTOCURRENCY #BLOCKCHAIN #ETHEREUM #NEWS #BOUNTY DETECTIVE for…

World’s Largest Asset Manager Blackrock to Invest in Bitcoin Futures – Finance Bitcoin News

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Blackrock, the world’s largest asset manager with $7.81 trillion under management, is getting into bitcoin. The firm has filed with the U.S. Securities and Exchange Commission (SEC) for two of its funds to invest in bitcoin futures. Blackrock Gets Into Bitcoin Blackrock filed two “statements of additional information” with the SEC on Wednesday. One was for Blackrock Funds V and the other was for Blackrock Global Allocation Fund Inc. Both filings state: Certain funds may engage in futures contracts based on bitcoin. The two filings further detail, “The only bitcoin…