Day: April 2, 2021

Filecoin Foundation donates $10M in FIL tokens to Internet Archive

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The Internet Archive, an American nonprofit behind major digital archive Wayback Machine, has received a $10 million cryptocurrency donation from the Filecoin Foundation. According to a Friday announcement, the Filecoin Foundation has donated 50,000 Filecoin (FIL) tokens to the Internet Archive, worth more than $10 million at the time of writing. The grant is designed to help the Internet Archive increase access to its online library including books, data, web pages, music and software. In addition to the donation, the Internet Archive’s founder Brewster Kahle and director of partnerships Wendy Hanamura…

Bank of Thailand to begin central bank digital currency tests in 2022

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The Bank of Thailand has set its agenda for a retail central bank digital currency, with preliminary testing protocols scheduled to begin in Q2 2022. Thailand’s central bank made this known in a press release issued on Friday calling for public comments on the proposed CBDC roadmap. As part of its plans, the central bank published a preliminary report detailing its CBDC thesis. Explaining its motivation for creating a CBDC, the Bank of Thailand argued that the success of private stablecoins poses risks to “monetary sovereignty and financial stability.” Indeed,…

S&P 500 Starts April with Record High, Closed Above 4,000 for First Time

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The record high attained by the S&P 500 as well as the other market indices rode on the back of strong gains in the tech sector as led by the FAANG stocks on Thursday. Following an impressive record performance in March, the United States stock market took a new leap into April with the S&P 500 Index (INDEXSP: .INX) soaring above 4,000 for the first time in history adding 46.98 points atop a 1.18% to 4,019.87. The Dow Jones Industrial Average (INDEXDJX: .DJI) which closed Wednesday down 0.26% received a…

Morgan Stanley Announces Bitcoin (BTC) Exposure for Handful of Mutual Funds

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Morgan Stanley said that nearly 12 of its mutual fund’s portfolios will get Bitcoin exposure either through cash-settled futures or via Grayscale. On Thursday, April 1, banking giant Morgan Stanley announced updating the “Investment Policies and Strategies” section for 12 of its mutual funds. This update from Morgan Stanley comes in an attempt to accommodate Bitcoin (BTC) as part of the portfolio. The banking giant has also made the disclosure in its March 31st filing with the US Securities and Exchange Commission (SEC). Morgan Stanley said that all of its…

POLYGON (MATIC) – Ethereum's Internet Of Blockchains Explained – Layer 2

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▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io So what is Polygon, previously Matic, all about? How will it help with scaling Ethereum? Why does it claim to be Ethereum’s Internet of Blockchains? And why is it sometimes compared to Polkadot and Cosmos? You’ll find answers to these questions in this video. Before the rebranding to Polygon, the project was known as Matic or Matic Network. Matic was started in 2017 by 3 founders who were active participants in the cryptocurrency community in India and decided to band together and…

Justin Sun Acquires Artworks by Picasso and Warhol via Newly Launched JUST NFT Fund

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Through the JUST NFT Fund, Sun has now acquired notable digital artworks including one from Beeple.  Justin Sun, the founder of TRON Foundation and CEO of BitTorrent, has acquired prestigious artwork by Picasso and Andy Warhol through his newly launched JUST NFT Fund. According to a press release on the matter, Sun won the bid to purchase Picasso’s “Femme nue couchée au collier” and Andy Warhol’s “Three self portraits” at a price of $20 million & $2 million respectively. Notably, the auction took place at the 20th Century Art evening…

Bitcoin beats out final resistance as Ethereum returns to $2K

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Bitcoin (BTC) briefly hit $60,000 on April 2 in the latest installment of its slow grind back to all-time highs. BTC/USD 1-hour candle chart (Bitstamp). Source: Tradingview BTC price taps $60,000 Cointelegraph Markets Pro and TradingView showed bullish tendencies remaining overnight for BTC/USD, with local highs of $60,110 on Bitstamp. A correction brought the pair down nearer to $59,000, circling $59,500 at the time of writing.  The sustained higher levels mean that Bitcoin has effectively canceled out the flash crash from earlier this week, while still continuing to trade in…

Fractal Protocol Offers Advertisers a Light at the End of the Tunnel

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Fractal Protocol utilizes the immutable power of blockchain technology to offer a novel solution that works for both parties: publishers and users. As the eyes of the world become more fixed on screens and devices than ever before, data is an essential tool in effective digital advertising strategies. Without it, targeting the right audience cost-effectively becomes challenging, so it’s understandable that the impending death of the third-party cookie has caused so many concerns among advertisers, publishers and digital marketers. The solution to this issue proposed by Fractal, a German-founded blockchain…

Bitcoin surge could be driving digital yuan interest, says People’s Bank of China

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The cryptocurrency space may be helping to spawn its own competitors after a representative of the People’s Bank of China said Bitcoin’s (BTC) recent surge had caused renewed interest in the nation’s digital yuan project. The digital yuan is China’s central bank digital currency, and like all CBDCs its foundational principles are completely antithetical to those of the cryptocurrency space. Core crypto concepts of decentralization and autonomy are dispensed with in favor of centralization and oversight, in an effort by government authorities to more easily control the flow of money.…