Month: June 2021

How do Investors thread Volatility Splashes? – Blockchain News, Opinion, TV and Jobs

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Cryptocurrencies remain extremely volatile. Bitcoin is consistently on track for topping their biggest monthly increase and decline. It faced one of their record-highs of 37.5% decline just this May 2021, and frequently sees drops like 37% drop seen in November 2018 and 40% slide in September 2011. Most recently, the price of bitcoin climbed to $34,805.19 Monday 28th June 2021, up 8% from where it stood at 5 p.m. ET Friday, after Mexican billionaire Ricardo Salinas Pliego encouraged its purchase. This volatility serves as a double-edged sword, both as an…

BlockFilm Becomes Leading Blockchain-based Film Financing Platform after Groundbreaking OSC Exemption Order – Blockchain News, Opinion, TV and Jobs

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BlockFilm is to become the first independent and leading blockchain-based film financing platform in the space. The Canadian based production platform will be powered though a strategic partnership with TokenFunder. A groundbreaking Exemption Order by the Ontario Securities Commission (OSC), paved the way for this ‘tokenized’ production financing opportunity to happen. The decision follows a rigorous process conducted by the OSC’s Launchpad teamand helps investors in content production avoid multiple-year waits before monetizing their investment, and gives producers access to wider pools of investment. It also allows BlockFilm to bring…

Crypto Miners: Elon Is Right, Mining Is Supposed to Evolve, and It Is

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Crypto Miners: Elon Is Right, Mining Is Supposed to Evolve, and It Is June 21, 2021 by Scott Elon Musk recently brought up the genuine power consumption issue with mining Bitcoin, and cryptocurrency miners finally woke up. They should, at least as far as this is the time of transition anyways. Ethereum is forking, moving soon to full staking, and is facing having yet another classic version. That is both good and bad, but also not needed. Also see: Hoskinson Has a Few Recommendations for Bitcoin Cash (BCH) Bitcoin & Crypto…

Tanzania’s First Female President Wants the Country to Go Crypto

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Samia Suluhu Hassan, the president of Tanzania, is striving to embrace cryptocurrency with open arms. This move follows that of El Salvador adopting Bitcoin as legal tender.  No doubt the World Bank will not be happy with yet another developing nation jumping on crypto. However, when large swathes of your population is unable to take advantage of the world’s technology boom, any way of jumping in seems like a good idea. While Tanzania doesn’t want to adopt Bitcoin as currency right away, President Hassan directed the Bank of Tanzania to…

Everything You Need to Know in Order to Buy Crypto – Blockchain News, Opinion, TV and Jobs

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Cryptocurrencies are now a part of life; they show no sign of disappearing. If you have yet to invest in cryptocurrency, you may be wondering what you need, in order to buy and trade in digital currencies. Thankfully it isn’t too hard to get started! Do some research Before you take the plunge and invest in any type of currency (digital or otherwise) you need to make sure that you do some research. Instead of wondering if Civic Coin is a good investment, for example – do some research and…

The Great Bitcoin Mining Migration

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3d illustration of bitcoin over circuit background with china flag Beijing told China’s cryptocurrency miners that they have to go. The People’s Republic’s recent crypto ban is not surprising considering the decentral nature of crypto. Qinhai and Xinjiang are two more provinces that added bitcoin mining to their hit list.  This follows an especially harrowing announcement on May 21 by Liu He at the 51st meeting of the State Council on Financial Stability and Development Committee. This reads like it’s straight of a George Orwell novel. The document states: Chinese…

Decentralized Credit Protocol Goldfinch Raises $11M in Series A Funding

In launching the protocol in December, Sall and co-founder and CTO Blake West, who met at the University of Pennsylvania and worked together at Coinbase, were looking to make crypto borrowing more accessible, particularly to individuals and businesses in developing countries with fewer tangible assets to address typical collateral requirements. “The real promise is providing access to capital that is not being served in these markets,” Sall said. Source

What is it and why is Kim Kardashian pumping it?

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They weren’t thinking about Kim Kardashian when the official website for Ethereum described Ethereum as the “Foundation for our digital future.”  Her Instagram account to over 200 million followers received her advertisement for Ethereum Max. This made it the single biggest piece of social media crypto promotion ever in terms of absolute reach. The only one to have more influence over crypto via social media is Elon Musk.  “Are you guys into Crypto???? This is not financial advice but sharing what my friends just told me about the Ethereum Max…

Why Elon Musk is Pushing Renewable Energy for Cryptomining

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San Francisco / USA – Mar, 2020: Elon Musk, CEO of SpaceX, founder of Tesla. Famous entrepreneur. Vector portrait illustration. The ‘Dogefather’ Elon Musk  delivered his ultimatum on Sunday, essentially.  It’s pretty easy to see why. When the goal of your business is to reduce fossil fuel consumption, it’s important to take a lead. Elon Musk’s tweets about Bitcoin are the all-time best example of just how much power he holds.  There are many things we can admire Elon Musk for, and chief among them is this move. Regardless of…

Bitcoin’s Value is Surging Again after Tesla Tycoon Elon Musk’s latest Tweet – Blockchain News, Opinion, TV and Jobs

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The price of Bitcoin rose again after Elon Musk announced that his company, Tesla, would possibly accept the digital currency as a form of payment again, providing virtual mining would take a more non-polluting path. Musk announced that if 50% or more Bitcoin mining would be done with renewable energy, this would be enough for him to restart the option for people to purchase Teslacars with Bitcoin again. The electric car manufacturer stopped accepting BTC as a form of payment last May, after only accepting the option for Bitcoin payments…