Day: February 18, 2021

Venture Capital Fund Yolo Invests in Digital Marketing Specialists eCartic – Press release Bitcoin News

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press release PRESS RELEASE. Tallinn-based venture capital fund Yolo Investments has announced a new investment in digital marketing company eCartic. 18th February 2021, Tallinn, Estonia – Venture capital fund Yolo Investments has made a significant investment into digital marketing specialists and venture hub eCartic. The Estonian-based investment is a global B2B partner for disruptive companies within the eCommerce value-chain. It successfully scales across a number of verticals, turning ideas into products by using its expertise in digital marketing and branding. It also builds and markets B2C products and services. One…

Bitcoin trader explains why BTC outperforming Ethereum is just ‘simple math’

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Bitcoin (BTC) has been outperforming Ether (ETH) in the past several days as BTC surged above $50,000 for the first time in history. Meanwhile, one popular cryptocurrency trader explains that this is “simple math” given the growing institutional demand for BTC.  BTC vs. ETH (orange) performance in February. Source: Tradingview While ETH is beating BTC in USD terms year-to-date, Bitcoin is gaining steam in February, up 60% compared to Ether’s 50%.  Ether did rally by roughly 6% over the last 24 hours as Grayscale added 20,000 ETH to its Ethereum…

Bitcoin Sells for $76K as Deposits on Centralized Exchanges Plummet – Emerging Markets Bitcoin News

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According to a website that tracks the price of bitcoin across the globe, the crypto asset’s selling price in Nigeria as of February 18 stood at $ 76,000. At this price, the crypto asset is selling for $20,000 more than the approximately $52,000 that most cryptocurrency exchanges are currently quoting. The Impact of the CBN Crypto Order This spike in the premium charged on bitcoin follows the recent Central Bank of Nigeria (CBN) directive that targets cryptocurrency traders and exchanges. According to the CBN order, which became effective on February…

The Graph adds support for Polkadot, NEAR, Solana and Celo

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Following its mainnet launch on Ethereum in mid-December 2020, The Graph has today announced that it is integrating Polkadot, NEAR, Solana and Celo. As reported, The Graph is a protocol that enables programmers to build Application Programming Interfaces, which it calls subgraphs, that can query and index blockchain data. Envisaged as an open alternative to existing blockchain analytics tools, it offers an infrastructure for accessing on-chain data from multiple blockchains, with the wider aim of supporting collaboration and interoperability across the decentralized web. Eva Beylin, director at The Graph Foundation, has underscored…

Algorithmic stablecoins aren’t really stable, but can the concept redeem itself?

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Amid the meteoric rise of decentralized finance in 2020, there was persistent interest in a class of coins popularly dubbed “algorithmic stablecoins.” Some of the more famous ones include Ampleforth (AMPL), Based, Empty Set Dollar (ESD) and Dynamic Set Dollar (DSD). While these tokens are commonly considered algorithmic stablecoins, the teams involved have their own definitions. For MakerDAO, an algorithmic stablecoin is one that uses total supply manipulations to maintain a peg. The founders of Empty Set Dollar and Neutrino, a Waves-backed stablecoin project, believe Dai is also an algorithmic…

Another crypto firm hit with fines for violating U.S. sanctions

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BitPay will have to pay the U.S. Treasury’s Office of Foreign Asset Control over half a million dollars for crypto services to sanctioned regions.  In a Feb. 18 announcement of the settlement, OFAC said that BitPay had facilitated “approximately $129,000 worth of digital currency-related transactions with BitPay’s merchant customers” by users from Crimea, Cuba, North Korea, Iran, Sudan and Syria — effectively the full range of geographical sanctions that OFAC has in place.  OFAC repeated that crypto firms need to align themselves with sanctions programs, saying:  “This action emphasizes that OFAC obligations…

‘I’ve taken a neutral view’ on Bitcoin, says Bill Gates

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Microsoft co-founder Bill Gates is the latest prominent tech figure to seemingly try to stay out of the fray when it comes to questions about Bitcoin adoption. In an interview with CNBC’s Squawk Box this morning, Gates said he had neither invested in Bitcoin (BTC) nor wanted to make a prediction on any price movements. “I don’t own Bitcoin, I’m not short Bitcoin, so I’ve taken a neutral view,” said Gates. “Bitcoin can go up and down just based on the mania or whatever the views are. I don’t have…