Day: March 22, 2021

Who paid 1,500 ETH for Dorseyโ€™s NFT Compares it to Mona Lisa

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The auction for the Non-Fungible Token (NFT) that gives proof of authority over Jack Dorseyโ€™s โ€œTweet Genesisโ€ has concluded. Held on Valuables, a platform that allows its users to convert their Tweets into NFT. Created by the Ethereum based service Cent, the tweet has been โ€œauthenticatedโ€ by Dorsey, CEO of the social network and payment company Square. Valuables told auction participants: The tweet itself will continue to live on Twitter. What you are purchasing is a digital certificate of the tweet, unique because it has been signed and verified by…

BTC, ETH, BNB, ADA, DOT, XRP, UNI, LTC, LINK, THETA

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The Turkish lira lost 15% of its value and dipped close to its all-time low after Turkey’s President Erdogan fired central bank governor Naci Agbal. This resulted in a massive spike in Bitcoin (BTC) searches in Turkey as investors sought to protect their wealth from devaluation. This is just another example that shows how investors may be treating Bitcoin as a possible substitute for fiat currencies. In other news, United States Federal Reserve chairman Jerome Powell has a different view. While speaking at an event hosted by the Bank for…

Fed Chairman Jerome Powell Says Bitcoin Is a Substitute for Gold โ€“ Regulation Bitcoin News

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Federal Reserve Chairman Jerome Powell sees cryptocurrency as a substitute for gold, rather than the dollar. However, he cautioned that crypto assets, including bitcoin, are highly volatile and not useful as a store of value. Fed Chair Sees Bitcoin as a Gold Substitute During a webinar sponsored by the Bank of International Settlements (BIS) on Monday, Federal Reserve Chairman Jerome Powell talked about cryptocurrency, mentioning bitcoin in particular. The Fed chair detailed: โ€œCrypto assets are highly volatile, see bitcoin, and therefore are not really useful as a store of value.…

Time magazine seeks CFO comfortable with Bitcoin and crypto

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A new job posting from Time magazine shows the 98-year-old publication is looking for a chief financial officer familiar with blockchain and cryptocurrencies. According to the job details listed on LinkedIn, Time is seeking a chief financial officer with more than seven years of experience in executive leadership positions and who has “comfort with Bitcoin and cryptocurrencies.” The position will be based in the magazineโ€™s corporate offices in New York City. “The media industry is undergoing a rapid evolution,” says the listing. “TIME is seeking a Chief Financial Officer who…

Cannabis & Cosmos, Coinbase Coin & Cardano

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Why FED Chairman thinks Bitcoin is a substitute for gold

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In the Bank of International Settlements Innovation Summit, the U.S. Federal Reserve Chairman Jerome Powell referred to cryptocurrencies and their position next to the dollar. For Powell, assets such as Bitcoin present very high fluctuations in their price and have no โ€œunderlying valuedโ€, a position familiar to the official: Crypto assets are highly volatile โ€” see Bitcoin โ€” and therefore not really useful as a store of value. Theyโ€™re not backed by anything. Theyโ€™re more of an asset for speculation. This time he stated that Bitcoin and cryptocurrencies could be…

AMD Won’t Restrict Crypto Miners From Using Its Graphic Cards โ€“ Mining Bitcoin News

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Major chipmaker Advanced Micro Devices (AMD) keeps making headlines amid the battle between crypto miners and PC gamers. Now, the company seems to have made a step forward to become friendlier to those with crypto mining purposes. AMD Doesnโ€™t Want to Follow Nvidiaโ€™s Path According to a PC Gamer report, citing a product manager from AMD, the chipmaker has zero intentions to block crypto mining operations on its devices. โ€œThe short answer is no,โ€ said Nish Neelalojanan, a product manager of the firm. Crypto miners were concerned about AMDโ€™s possibility…

HC Ventures Spends $2 Million to Build Lightening Cash

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Lightening Swap is using cutting-edge technology to solve important problems and to help people generate profits in DeFi. Vietnamese hedge fund HC Ventures has announced that they are spending $2 million to build Lightening Cash, an exciting privacy protocol built for DeFi transactions, on Binance SmartChain. Ryan Nguyen, HC Ventures CEO, is also CEO of Lightening Cash. Lightening Cash Key Information Lightening Cash is getting a lot of buzz in the DeFi ecosystem right now. It emerged last month and it operates on the Binance Smart Chain. Lightening Cash was…

Where To Find 100x Tokens Before It's TOO LATE!! ๐Ÿš€

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B26 Finance Becomes Official Sponsor for the Falcons, Dubaiโ€™s Basketball Team โ€“ Press release Bitcoin News

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press release PRESS RELEASE. B26 Finance, the worldโ€™s first blockchain-based self-banking service, has recently been released to the world. Being a relatively new project, developed and worked on for years, but officially launched 2 weeks ago (8/03/2021), B26 Finance has seen massive growth and adoption from the DeFi and crypto communities alike, with immense potential for mainstream adoption. Being a community and transparency-driven project, B26 Finance was created with the goal of helping common citizens become their own bank, removing encumberments and fees created by middlemen and third parties that…