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Day: February 9, 2021
Press and internet freedom advocates join crypto users in support of Wikileaks’ Assange
A coalition of 24 press freedom, civil rights and internet defense groups have signed a letter asking Biden to leave Wikileaks founder Julian Assange alone. A Monday letter signed by the ACLU, Electronic Frontier Foundation, Freedom of the Press Foundation, among others, asked the Biden administration to forego the extradition proceedings currently happening in the United Kingdom. The authors implore Acting Attorney General Monty Wilkinson to abandon the Trump-era pursuit of Assange. “The Trump administration positioned itself as an antagonist to the institution of a free and unfettered press in…
Alex Treece: Intangible Reasons Ethereum and Bitcoin Lead
Decentralized finance (DeFi) is exploding. The amount of capital locked in DeFi, an imperfect yet useful measure of traction, recently hit all time highs of $35 billion. Today, Ethereum is the dominant network for DeFi in all important metrics, including capital flows, locked capital, number of projects and developers. Alex is a co-founder at Zabo, a platform enabling fintechs and financial services companies to easily connect cryptocurrency accounts to their applications. The exploding growth in DeFi has stoked an already fierce battle among smart contract platforms, aka “Ethereum-killers,” to win…
Cramer Says ‘Every’ Corporate Treasurer Should Be Thinking Bitcoin
The CNBC host said its almost irresponsible not to include bitcoin on balance sheets following Tesla’s buy. Original
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Mad Money’s Jim Cramer Says Tesla, Paypal, Mastercard Are Pushing Bitcoin More Into Mainstream – Bitcoin News
Mad Money host Jim Cramer has applauded Elon Musk and Tesla for their bitcoin investment. He said that Tesla, Paypal, and Mastercard are pushing bitcoin more into the mainstream. He believes that more companies should do more with their cash as Tesla did. Jim Cramer on Tesla, Paypal, and Bitcoin Jim Cramer shared his views Monday on bitcoin and Elon Musk’s Tesla investing $1.5 billion in the cryptocurrency on The Street. Cramer is the host of Mad Money on CNBC and a former hedge fund manager who co-founded the financial…
Blockchain Bites: Will Bitcoin See ‘Reflexive’ Buys After Tesla?
Sound bites Nic Carter argued that comparing bitcoin’s energy consumption to Visa’s is missing the forest for the trees. Bitcoin isn’t just a payments network, but a self-contained monetary system that proposes its own unit of account, he argued live on CoinDesk TV. “First Mover” is a rundown of the top global market, business and regulatory news stories impacting digital assets. Catch it every weekday at 9 a.m. ET. Three trends 1. Tesla’s $1.5 billion bitcoin gambit could have a long tail. Bitcoin saw record single-day dollar growth after news…
How Young Crypto Exchanges Compete with Market Giants
Users expect exchanges to find a balance between trading experience and security. An average trader requires a secure, fast, compliant, and flexible trading terminal. Blockchain and the tokenization of assets are changing the world as we know it. From logistics to entertainment, hospitality, and healthcare, this nascent tech is redefining the foundations of several industries. Through the tokenization of assets, blockchain technology is enabling a new wave of borderless transactions free from third-party intermediaries. Put differently, anyone across the globe can transfer funds instantaneously and at minimal fees. Primarily, blockchain…
Bitcoin flippens Russian ruble after Tesla purchase
After hitting a new all-time high of more than $48,000 earlier today, the market capitalization of Bitcoin has surpassed the total market cap of the Russian ruble. According to data from AssetDash, Bitcoin’s market cap is $871 billion at the time of publication. This exceeds the money supply of the Russian ruble, which as of January was estimated to be 58.6 trillion RUB, currently valued at roughly $791.1 billion. The crypto asset has also overtaken Tesla Motors in market capitalization after a brief retreat yesterday — the car manufacturer’s market cap…
Amid hiring spree, Blockchain Association adds Token Taxonomy Act guru to team
The Blockchain Association, a leading trade association and lobbying group, has hired Ron Hammond as its new director of government relations. The Blockchain Association has been one of Washington, D.C.’s biggest advocates for the crypto industry since its launch in 2018. Executive director Kristin Smith recently appeared on Cointelegraph’s Top 100 list. Hammond, meanwhile, cut his teeth working on crypto policy for Representative Warren Davidson, most notably the Token Taxonomy Act, which is also the origin of the relationship with the Blockchain Association. It was at Davidson’s roundtable for crypto…