Day: March 31, 2021

DeFi platforms Zapper and Aave announce Polygon sidechain integrations

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As cripplingly high gas fees put scalability in the spotlight and multiple platforms rush to become the preferred home of Ethereum’s decentralized finance (DeFi) ecosystem, layer-two sidechain Polygon may be emerging as a frontrunner after scoring two big wins today.  Both lending protocol Aave and portfolio management and batched transaction platform Zapper have announced that they will be offering implementations on Polygon. Aave will be launching a trimmed-down a fork of its money market with 7 assets available for borrowing and lending at launch, and Zapper will enable Ethereum-to-Polygon transfers…

HUGE ETHEREUM BREAKTHROUGH INCOMING!

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Teletubbies hint at becoming the next Bitcoiners

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The Teletubbies, a British children’s television series that has been on the air since 1997, is showing signs its loveable characters may become the newest entrants to the crypto space. Today the official Teletubbies Twitter account posted a message with the Bitcoin (BTC) hashtag, saying the characters were “possibly hiding” something from viewers. Two of the characters — Tinky Winky, known for his purple color, and Po, for her red — appear with laser eyes next to a giant question mark. Eh-Oh…what could the Teletubbies be possibly hiding from us?…

This is how to make — and lose — a fortune with NFTs – Cointelegraph Magazine

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The rise of nonfungible tokens, or NFTs, has been nothing short of astounding this year. Google searches for “NFT” are up over 600% since mid-February, hitting initial coin offering mania levels, and the top NFT platforms are turning over millions of dollars each day. In a single 24-hour period earlier in March, sport collectibles platform NBA Top Shot saw sales of more than $7.89 million, art house OpenSea took in $4.88 million, and “digital antique” NFT project CryptoPunks netted $3.28 million.The mainstream media is showing more interest in NFTs than…

BitTorrent soars 30% to new all-time high, $5B market cap: What’s behind the rally?

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BitTorrent Token (BTT), the native token of the popular peer-to-peer file-sharing protocol BitTorrent, has surged nearly 30% in the past 24 hours. The rally took the valuation of BTT to over $5.2 billion, making it the 24th-most-valuable cryptocurrency by market capitalization. What’s more impressive, the token’s value has increased more than tenfold in the past two months.  BTT/USDT 4-hour price chart (Binance). Source: TradingView Is there any catalyst behind the BTT rally? There has been no clear fundamental catalyst behind the BTT rally to date. Nevertheless, the token has demonstrated…

Prometheum and Anchorage set to launch alternative cryptocurrency trading system

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Anchorage Digital Bank, a pioneer of digital asset custody, and cryptocurrency trading platform Prometheum are in the final approval phase for an alternative trading system, or ATS, tailed specifically for crypto investors.  Prometheum Ember ATS, also known as PEATS, is vying to bring alternative trading system technology to digital assets. PEATS will open to traders pending final regulatory approval by the United States Securities and Exchange Commission, or SEC. PEATS is currently undergoing the SEC’s rigorous “Three-Step Process” for approving a public ATS. Once launched, Anchorage will custody all digital…

Goldman Sachs to Offer ‘Full Spectrum’ of Bitcoin Investments – Markets and Prices Bitcoin News

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Goldman Sachs has revealed that it will be offering bitcoin investments to its wealth management clients. The investment bank reportedly plans to offer a “full spectrum” of bitcoin investments, “whether that’s through the physical bitcoin, derivatives or traditional investment vehicles.” Goldman Sachs to Begin Offering Bitcoin Investments to Wealthy Clients Goldman Sachs is the second major bank to say that it will be offering its wealthy clients access to bitcoin investments. CNBC reported on Wednesday that the bank is close to offering its first investment vehicles for bitcoin to clients…

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Uphold obtains FINRA approval to acquire US broker-dealer

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Cryptocurrency wallet and trading platform Uphold has received regulatory approval to purchase JNK Securities, a U.S. broker-dealer. In an announcement from Uphold today, the U.S. Financial Industry Regulatory Authority, or FINRA, gave the firm the green light to acquire JNK Securities. Uphold said the acquisition is aimed at allowing the platform to launch fractional equities in the United States later this year in addition to providing an interface for users to trade between crypto, stocks, carbon credits, precious metals, and other assets. “Bitcoin to Tesla stock in one seamless user…

Fracking Companies Pivot to Mining Bitcoin as Pandemic Woes Continue to Bite

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Bitcoin is often slammed over its high electricity consumption. Critics argue this is wasteful and unsustainable in the long term. However, in an unusual twist to the environmental debate, it turns out that fracking companies are utilizing waste gas to power Bitcoin mining rigs. Bitcoin Mops up Waste Gas The shale industry is in a state of decline. Not only are political, financial, and environmental issues closing in, but the effects of the pandemic have also taken their toll. With that, turning to alternative revenue streams has become all the…