January 2021

Solution for Smart Key Emergency Service – Ethereum Blockchain

January 28, 2021 boss

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io #SmartKey #Ethereum #Blockchain Our project has created a solution for emergency services in Poland. This solution is already in operation in an area in Poland with 1,500 mln inhabitants. In the near future, this technology will be made as a standard solution for all emergency services (fire brigade, emergency vehicles) across the country. This project is a great way to give smart keys something of value to society and build trust in brands and technologies. ▶ Coinbase Website: Coinbase.com ▶ CEX Website:…

Cosmos Set to Take Lead in Blockchain Interoperability With February’s Stargate Release

January 28, 2021 boss

Right now, blockchains communicate via tacked-on solutions (state channels, sidechains, swaps, bridges and so on). With the Stargate update to Cosmos on Feb. 18, the tools for native blockchain interoperability will be live on mainnet. “This is a long-awaited release for many Cosmos-based projects out there,” Band Protocol’s Kevin Lu told CoinDesk via email. “For us this will enable seamless and simple integrations with any Cosmos-based decentralized application, relaying oracle data in a highly scalable and tamper-proof manner.” Iqlusion’s Zaki Manian, who leads much of the development for Cosmos, explained…

Bitcoin and Inflation: Everything You Need to Know

January 28, 2021 boss

Crypto enthusiasts often talk about bitcoin as a hedge against inflation. Why? The argument is that central bank money printing will lead to inflation or the decrease in the value of money over time. Bitcoin, by contrast, has a fixed limit of 21 million coins that can ever be created. This limited supply allows bitcoin to resist inflation. The COVID-19 pandemic presented the ideal conditions to test this theory once countries across the world began injecting trillions of dollars into their economies. Many countries, including the U.S., printed money to…

Financial ties between Robinhood and funds shorting GME fall under scrutiny

January 28, 2021 boss

The connections between trading app Robinhood, Citadel hedge fund, Melvin Capital, and GameStop are becoming clearer as the Internet burns with outrage over allegations of market manipulation. Melvin Capital was one of the biggest players short-selling GameStop stock, or GME. When a number of Redditors — and gamers — on the r/Wallstreetbets subreddit pushed back against institutions trying to financially destroy the popular brick and mortar video game store, the price of GameStop shares shot up. This effectively turned the tables on Melvin and left the firm vulnerable, with its…

Market Wrap: Bitcoin Reverses Wednesday’s Losses, Ether Climbs

January 28, 2021 boss

Bitcoin’s price reversed Wednesday’s losses on Thursday. Traders and analysts, however, have largely kept a short-term bearish view because some are attributing gains in bitcoin and other cryptocurrencies to GameStop’s stock drama. Bitcoin (BTC) trading around $32,607.78 as of 21:00 UTC (4 p.m. ET). Gaining 3.17% over the previous 24 hours. Bitcoin’s 24-hour range: $29,921.96-$32,934.56 (CoinDesk 20). BTC above its 10-hour and 50-hour averages on the hourly chart, a bullish signal for market technicians. Bitcoin trading on Bitstamp since Jan. 26.Source: TradingView GameStop’s stock drama seems to be galvanizing not…

Congress announces hearings on stock market in light of Robinhood v. Reddit battle

January 28, 2021 boss

Legislators are responding fast to the madness surrounding Gamestop and AMC shares and the hedge funds selling them short. On Jan. 28, Chairwoman of the House Financial Services Committee Maxine Waters announced a coming hearing on short-selling. Sherrod Brown, the incoming chairman of the Senate Banking Committee, similarly called for a re-examination of stock market rules. Short selling has been the subject of widespread controversy as the past two days have seen wild volatility for certain securities, especially Gamestop (GME). Retail traders, communicating via Reddit and buying on Robinhood, have been…

MicroStrategy May Get Creative to Make Future Bitcoin Buys: CEO

January 28, 2021 boss

MicroStrategy CEO Michael Saylor pledged to keep pouring the business intelligence company’s excess cash into bitcoin Thursday, telling investors his team will also “explore various approaches” for additional buys. “Going forward, we continue to plan to hold our bitcoin and invest additional excess cash flows in bitcoin. Additionally, we will explore various approaches to acquire additional bitcoin as part of our overall corporate strategy,” Saylor said in the company’s quarterly filing. The company is currently sitting on a trove of 70,784 bitcoins. While most of that was purchased with excess…

$10k Ethereum and $146k Bitcoin? (It's Not Too Late)

January 28, 2021 boss

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Crypto industry jumps into lobbying in response to FinCEN

January 28, 2021 boss

The crypto lobby is growing as more firms join the effort to fight rules that attack financial privacy. The Blockchain Association today announced the addition of five new members, with membership now totaling 30 firms. The new members are Uniswap, Blockfi, Fireblocks, CMT Digital and Blockchain Capital. In its tweet announcing the news, the Blockchain Association attributed the rise in membership to its work in presenting an industry response to rules from the Treasury’s Financial Crimes Enforcement Network, or FinCEN, at the tail end of the Trump administration. The association…

DeFi sector growth pushes Reserve Rights, 0x and Kyber Network higher

January 28, 2021 boss

Bitcoin (BTC) has bounced back above the $32,000 level today, but Guggenheim chief investment officer Scott Minerd believes that the current institutional demand is not sufficient to keep the price above $30,000 for long. Despite this view, Minerd continues to believe that the current downturn does not alter the long-term bullish story of Bitcoin. Crypto market data daily view. Source: Coin360 While several institutional investors are turning positive on Bitcoin as a store of value, BlackRock CEO Larry Fink does not seem impressed. Fink pointed out the volatility and called Bitcoin…