Day: October 1, 2021

Crypto community concerned over impact of infrastructure bill on DeFi

Members of the crypto community have been up in arms recently about the $1 trillion infrastructure bill that the United States House of Representatives was expected to vote on this week. The legislation includes a crypto-tax reporting provision, along with the establishment of a definition for the term “broker.”  House lawmakers stated that a vote for the infrastructure bill would take place on Thursday, Sept. 30, yet Congresswoman Nancy Pelosi announced on Sept. 29 that the infrastructure bill vote would be delayed beyond Thursday. Media sources have since noted that…

ETH Time To Shine (Bullish Ethereum Analysis Revealed)

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Happy ETHster, Bit Squad! Today we’re going to hear from Bill Noble from Token Metrics about some new features. One new change on their coin research platform should lead to more money for you. This one new Token Metrics feature actually predicted the recent Ethereum pump. Find out how you can use advanced Ethereum analysis while trading Ethereum. Bill explains how the new feature works and how it can take your ETH trading strategy to the next level. Follow Bill Noble on…

Rep. Emmer: Government Is ‘Trying to Gain Control Over’ Crypto

Yesterday, U.S. Federal Reserve Chairman Jerome Powell said he has no intention of banning cryptocurrencies. It’s unclear whether the unelected monetary body would have that authority in the first place. “The Fed chair is not so sure what he wants to say,” Rep. Tom Emmer (R-Minn.) said this morning on CoinDesk TV’s “First Mover.” That feeling might apply evenly across the entire U.S. government, Emmer suggested. According to Emmer, who co-chairs the Congressional Blockchain Caucus with Rep. Bill Foster (D-Ill.), cryptocurrency has emerged as a citizen’s rights issue, a potential…

We Can Use as Much Energy as We Want, Forever — CoinDesk

Such an argument runs into an inevitable hurdle, though: If you actually like cruises (no accounting for taste), you may think it’s worth it to burn all that bunker fuel. By the same token, most arguments against Bitcoin’s energy use presume that the energy is being wasted, without actually supporting that assumption. In essence, talking about energy use is a trick, a way to make the argument that “Bitcoin is just a scam” at a time when that argument is becoming less tenable by the day. Source

Umbrella Network launches on Ethereum with cross-chain bridge to BSC

Decentralized oracle service Umbrella Network officially launched on Ethereum Friday, setting the stage for cross-chain transactions between the dominant smart contract platform and Binance Smart Chain, or BSC.  The cross-chain bridge connecting Ethereum and BSC was developed in-house at Umbrella Network, underscoring the need to transfer tokens and other crypto assets between the two networks. The cross-chain bridge also enables users to stake and farm crypto tokens on either blockchain. Umbrella said it’s planning future cross-chain integration with Polygon, Solana, Cardano and Avalanche, though no timetable was given. Although the…

dYdX milestone and $1M DeFi bounty, Sept. 24–Oct. 1

Welcome to the latest edition of Cointelegraph’s decentralized finance (DeFi) newsletter. DYdX surpassed Coinbase in daily trading volume for the first time this week. Read on to discover why this was a seminal moment for the project’s founder. What you’re about to read is the concise version of this newsletter. For the full breakdown of DeFi’s developments over the last week — released with more anticipation than a layer-two airdrop — register below. dYdX surpasses Coinbase in trading volume for first time Decentralized derivatives exchange dYdX has risen to prominence through…

IMF Says Crypto Boom Poses Challenges to Financial Stability

The International Monetary Fund (IMF) said more regulation is needed as the burgeoning cryptocurrency industry poses a number of challenges and risks to financial stability. The industry suffers from a lack of robust operational, governance and risk practices, according to a blog post on the organization’s website. Those shortcomings put consumers at risk, the authors wrote, suggesting that some crypto tokens that have failed to survive were “likely created solely for speculation purposes or even outright fraud.” “The (pseudo) anonymity of crypto assets also creates data…

Anthony Pompliano's Story: Lessons on Bitcoin, Life, and Investing (w/ Raoul Pal)

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Anthony Pompliano, investor at Pomp Investments, joins Real Vision CEO Raoul Pal to discuss Pompliano’s early career, his investing journey, and his introduction to the Bitcoin space. Pompliano describes his background, starting with college and his time in the military up until today, and he shares some of the most important lessons he learned for life and for investing. He talks about how he launched his first fund with very little knowledge about investing and the importance of investing in yourself. Believing…