Day: June 16, 2021

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…