Day: January 22, 2021

Blockchain Bites: Clearing the Record on Yellen’s Crypto Concerns and the Bitcoin Double-Spend Fracas

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After dropping 13% yesterday, bitcoin is once again on the ascent. Meanwhile, Janet Yellen has offered a more nuanced view of crypto and small Ethereum mining pools are organizing a campaign against a potential network upgrade. Top shelf Miners revolt!Eight Ethereum mining pools amounting to around 30% of the network’s hash power have formed a quasi-cartel to push back against a proposed blockchain update that would reduce their mining fees. Ethereum Improvement Proposal (EIP) 1559, floated by Vitalik Buterin, would burn mining fees to help reduce transaction cost volatility. While…

Institutions Keep Buying Bitcoin’s Dip, Despite Near-term Volatility: Data

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Data from on-chain data site Glassnode shows the number of addresses with 1,000 or more bitcoin (often called “whales”) continued to increase this week while bitcoin’s price dropped, dipping below $30,000 on Thursday. The count of such addresses dropped in late December and has spiked again since the beginning of 2021. As well, the number of the total bitcoin transactions on the network remains high, according to data from South-Korea based blockchain analytics firm CryptoQuant. However, the ratio of bitcoin transfers involving all exchanges to all bitcoins transfers network-wide has…

NFT boom and platform upgrades back Decentraland’s (MANA) 100% rally

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In the past year non-fungible tokens (NFT) have been gaining ground as the digital art market exploded and developers experimented with a variety of use cases. Data from NonFungible shows that over the past 30 days there were 58,400 NFT sales and $12.7 million worth of volume. In the same time period, MANA, the token behind the blockchain-based virtual world Decentraland, totaled $636,000 in NFT trades. The virtual reality platform is built on Ethereum blockchain and provides a digital landscape where players can explore, interact with other players and purchase…

Money Reimagined: Letter to President Biden

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Welcome to this week’s Money Reimagined, coming to you two days into a new U.S. presidency.  Already, with various executive orders and a host of cabinet and agency nominee names emerging, President Joe Biden has fostered the palpable sense of a slate being cleaned.  As for what it means for crypto, the turnover in the White House gave Sheila Warren and me reason to invite Kristin Smith of the Blockchain Association and Amy Kim of the Digital Chamber of Commerce onto our weekly podcast. We discussed the outlook for regulation…

Multibillion-Dollar Microstrategy Invests $10 Million More in Bitcoin – Markets and Prices Bitcoin News

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Nasdaq-listed multibillion-dollar company Microstrategy has purchased more bitcoins. With the latest buy of the cryptocurrency worth $10 million, the company now holds 70,784 bitcoins in its treasury. Microstrategy’s Bitcoin Holdings Rise to 70,784 The Nasdaq-listed Microstrategy (NASDAQ: MSTR), with over $5 billion in market cap, has bought 314 more bitcoins. CEO Michael Saylor announced Friday: Microstrategy has purchased approximately 314 bitcoins for $10.0 million in cash in accordance with its Treasury Reserve Policy, at an average price of approximately $31,808 per bitcoin. We now hold approximately 70,784 bitcoins. At the…

Bitcoin as a last resort? Murmurs of crypto as reserve currency abound

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Reserve currency is money held by central banks or treasuries usually for international transactions. Argentina is not going to be able to purchase a Boeing 737 MAX passenger jet, for example, with its highly inflationary peso; it will have to pay with U.S. dollars, which is why Argentina keeps dollars on hand — i.e., in “reserve.” A second basic function is to support the value of a national currency. If the Brazilian real, for instance, plummets during an economic contraction, Brazil’s central bank could bid it up again by purchasing…

MIDAS INVESTMENTS MASTERNODE YAP (CRYPTO INDEX FUND)

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▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io MIDAS INVESTMENTS MASTERNODE YAP (CRYPTO INDEX FUND) In this video we take a look at the Brand New Index from Midas called the YAP. This brings together 7 Masternode Cryptos plus BTC and will give you a healthy return on investment that doesn’t require you to do any leg work. Simply Deposit BTC and get a payout each Monday along with an update of your investment performance. Link Here; Join a like-minded community via my Patreon Private chat room and further your…

Understanding Bitcoin Policy in Biden’s Washington

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As the Biden Administration gets underway, what can we expect for cryptocurrency technologies alongside an ascendent bitcoin? One day into the new president’s tenure we’ve brought in Kristin Smith, executive director of the Blockchain Association and Amy Davine Kim, Chief Policy Officer at the Digital Chamber of Commerce. In this episode we’ll take a look into the regulatory future as we explore the relationships, lobbying and policymaking efforts within Washington. Original

Blog: Maintaining data flows for a digital world

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Information Commissioner Elizabeth Denham looks at the data protection aspects of the recently agreed UK-EU trade agreement. 22 January 2021 The digital world has few borders. When a woman in Manchester watches a video clip on her phone, it’s likely that the delivery of that video clip content to her is because of personal data. She can be accessing content made anywhere in the world and targeted to her based on a personal profile, on an app designed in Japan, with her personal data held on servers in the US,…