Day: February 24, 2021

The crypto whale who wants to give billions away – Cointelegraph Magazine

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Like many people in crypto, Sam Bankman-Fried is in it for the money. As the founder of quant trading firm Alameda Research, exchange FTX and DeFi protocol Serum, the curly haired 28-year-old has amassed a $10 billion fortune in just three years in the industry. Unlike most people in crypto though, he’s building up a fortune in order to give half of it away. An ‘effective altruist’ he’s essentially robbing from the rich, via his preternatural crypto trading strategies, in order to give to the poor.  “Maybe without the robbing…

Total estimated crypto users worldwide tops 100 million, survey finds

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Crypto exchange and debit card provider Crypto.com has published a new report estimating that the total number of crypto users globally rose from 66 million in May 2020 to 106 million by January. Given the complexity of mapping unique crypto wallet addresses onto the number of persons, Crypto.com’s methodology combines on-chain data with several blended parameters to calculate separate estimates for the two largest cryptocurrencies by market capitalization, Bitcoin (BTC) and Ether (ETH). These then yield an aggregate that can be used to track trends in the growth of global…

Bitcoin Back to Winning Ways, Soars Above $50,000 after Major Correction

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The value of 1 Bitcoin went back above the $50,000 psychological level after Jack Dorsey’s Square revealed that they had purchased 3,318 BTC for $170 million at an average price of $51,236 per coin. Bitcoin (BTC), the world’s first and biggest cryptocurrency by market capitalization, has entered correction and is back on its feet after climbing above the $50,000 resistance level. The revival in the price of the digital asset follows a major correction the coin carried over from the weekend after topping an all-time high of $58,000. At the…

‘Cryptocurrency is not legitimate money,’ says Nigeria’s central bank governor

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Godwin Emefiele, governor of the Central Bank of Nigeria, has defended the apex bank’s decision to ban banks from servicing cryptocurrency exchanges in the country. Appearing before a joint Senate Committee on Banking, Insurance and Other Financial Institutions; ICT and Cybercrime; and Capital Market, Emefiele remarked that the CBN ban was in the best interest of Nigerians. According to a report by media outlet Punch, while addressing the Senate committee, Emefiele remarked: “Cryptocurrency is not legitimate money. Cryptocurrency has no place in our monetary system at this time and cryptocurrency transactions…

Crypto Bull market. Will history repeat itself?

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▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io ❤️️ Join us on Patreon: 💻 Visit Our Web Site: 🐦 Twitter: 👍 Facebook: 📸 Instagram: The price of Bitcoin is not far from its all time high and a few things are as they were during the 2017 bull-run. This week Robert Koenig takes you back in history and explains what happened at the end of 2017 and what one can learn from that time. Google Trends for Bitcoin Historical Snapshot Cryptocurrencies. 7 Jan 2018 ▶ Coinbase Website: Coinbase.com ▶ CEX…

Microstrategy Buys $1 Billion More Bitcoin — Company Now Holds Over 90,000 BTC – Bitcoin News

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Microstrategy has purchased an additional $1.026 billion worth of bitcoin, raising the total number of bitcoins it has accumulated to about 90,531. Its CEO explained that his company remains focused on its two corporate strategies of growing its enterprise analytics software business and “acquiring and holding bitcoin.” More Than $2 Billion Worth of Bitcoin Now in Microstrategy’s Treasury Reserves Microstrategy Inc. announced Wednesday that “it had purchased an additional approximately 19,452 bitcoins for approximately $1.026 billion in cash at an average price of approximately $52,765 per bitcoin, inclusive of fees…

Tokenization of assets is not taking off, but it really should

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For years, experts have been talking about how tokenization — the act of creating a digital representation of an asset on a distributed ledger — of a financial or real asset can unlock trillions in illiquid assets, giving retail investors access to investments with previously high minimum capital requirements thanks to fractional ownership or settle trades on a distributed ledger instantly.  But if we investigate the current tokenization offerings, none is truly taking off and attracting the masses. If the theoretical advantages are true, millions of investors must be onboarding…

xSigma Passes Security Audit and Prepares to Launch Stablecoin DEX With LP Rewards – Press release Bitcoin News

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press release PRESS RELEASE. February 24, 2021 – xSigma, a decentralized exchange for stablecoin swaps, has announced details of its launch program. The DEX, which supports liquid swaps between stablecoin pairs, will go live on February 24, having passed a third-party security audit. Blockchain security company Hacken audited the xSigma smart contracts and found no critical errors in the code, green-lighting the Ethereum-based exchange to launch as scheduled. A second security audit is underway to give the xSigma community additional confidence in the code powering the AMM. Backed by a…

DeFi exchange protocol DFX raises $5M in seed funding

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Veteran cryptocurrency investor Polychain Capital has joined a funding round in DFX Finance, a new decentralized finance exchange protocol optimized for non-U.S. dollar stablecoins. DFX raised more than $5 million in seed funding from Polychain and True Ventures to create a new blockchain-powered market for stablecoins and open up DeFi applications to a global audience. Announcing the news Wednesday, DFX said that other investors included industry players like Hex Capital, CMS Holdings, Castle Island Ventures, and DeFi Alliance. DFX is currently being developed by contributors from major crypto projects and…

Crypto on-ramp hits Opera browser following Simplex integration

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Users of the Opera web browser will now be able to purchase cryptocurrencies directly within the application following a partnership with Simplex. Founded in 2014, Simplex is a European Union-licensed fintech company that provides access to over 50 cryptocurrencies and is a principal member of the Visa network. The Opera browser was one of the first to integrate cryptocurrency use into its core functions, supplying in-built wallets for Bitcoin (BTC), Ether (ETH) and Tron’s Tronix (TRX). Now, users will be able to move from fiat to crypto with the same…