Day: October 5, 2021

How blockchain startup Biconomy aims to become ‘the Stripe of blockchain’, simplify DApp development

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Launched by Aniket Jindal, Ahmed Al-Balaghi and Sachin Tomar in 2019, Biconomy simplifies the development and UX of blockchain-based apps through gas-efficient meta-transactions. It has over 30 project integrations and has relayed millions of blockchain transactions, the founders claim. 0:00 – Introduction 0:27 – What is Biconomy 6:07 – Journey with Biconomy 12:59 – Importance of community 16:53 – Project journey and belief in blockchain 23:25 – Key to success 26:30 – Vision 29:44 – Initial discussions 32:37 – Motivation 34:08 –…

THORSwap DEX Raises $3.75M as Multi-Chain DeFi Heats Up

THORSwap, a cross-chain decentralized exchange (DEX) built on THORChain, has raised $3.75 million in a private token sale led by IDEO CoLab Ventures and joined by True Ventures, Sanctor Capital, THORChain and others. THORSwap is the first multi-chain exchange using the THORChain protocol. This means that it allows users to swap tokens, for example, BTC for ETH, in one step without using an intermediary like a centralized exchange. “Unlocking cross-chain liquidity will be critical to the future of decentralized finance,” Han Kao, founder of Sanctor Capital, said. Funding will go…

Bitcoin Will Become Currency in Brazil Soon, According to Federal Deputy Aureo Ribeiro – Bitcoin News

Aureo Ribeiro, a federal deputy in Brazil, stated that bitcoin might become a recognized currency in Brazil soon, during an interview with local media. The politician stated that Brazilians may be able to purchase houses, cars, and even fast food at McDonald’s with cryptocurrency in the near future. Bill 2.303/15, which regulates cryptocurrencies, might approve the legal use of the asset, similar to El Salvador. Bitcoin Might Become Regulated Currency in Brazil Bitcoin might become a regulated currency for payments in Brazil in the near future, according to…

The Educator-Entrepreneurs of Crypto

Why is it that professors interested in cryptocurrencies so often build their own blockchains? This isn’t a setup for a joke. In the crypto milieu, there’s a particular type of public figure who is often known as much for his or her academic accomplishments as for being a supreme coder. Take Cornell University’s Emin Gün Sirer , one of the founders of Avalanche, a layer one, or base, blockchain looking to complement and compete with Ethereum. There’s Dawn Song of the University of California, Berkeley, and the privacy-focused chain Oasis.…

The US Inches Closer to Stablecoin Rules

We’re starting to get a sense of how the Biden administration will try to regulate stablecoins. The short version seems to be: A regulatory framework that would mandate more transparency and oversight from issuers (versus one focused on the stablecoins themselves). Side note: I’m at The Trading Show Chicago today and tomorrow. If you’re also here, let’s say hi. You’re reading State of Crypto, a CryptoX newsletter looking at the intersection of cryptocurrency and government. Click here to sign up for future editions. The narrative The Biden administration is moving…

Bitcoin Price Taps $50K, But Here’s Why Bulls Aren’t Out Of The Woods

Bitcoin price this morning touched $50,000 – a feat that might have have made a bear market look a lot less likely. But bulls could be celebrating too early, and a max pain scenario of a symmetrical triangle few currently see could end up shaking up both bears and bulls in the days ahead. Here is a much closer look at the symmetrical triangle, what the corrective pattern suggests, and why bulls certainly aren’t out of the woods just yet. Downtrend Remains Unbroken, Symmetrical Triangle Possible Downtrends can be deceiving.…

$50K Bitcoin is ‘ultimate bear trap,’ says analyst as BTC price struggles for key level

Bitcoin (BTC) may be battling for $50,000, but its latest move could prove to be the “ultimate” tool to make bears pay. In a tweet on Oct. 5, popular trader and analyst Rekt Capital described the most recent BTC price action as the “ultimate bear trap.” Analyst predicts more suffering for Bitcoin bears After reaching $50,000 for the first time in a month and going on to hit highs of $50,400, Bitcoin is once again the source of intense debate among market participants. Whether BTC/USD can hold $50,000 — and…

Secretum Messenger on Solana – Whatsapp Killer

Messaging apps are ubiquitous – more than 3.6 billion people worldwide use them, with the average person sending up to 72 messages every 24 hours. Every day WhatsApp alone channels over 100 billion messages, while WeChat transmits 205 million video messages. With this popularity has come a darker side: that of hacked personal data, cyber theft, and government violations of privacy. The way messaging apps are designed, work, and are managed exposes them by default to many risks: Most messaging apps require the user to input sensitive personal data, including…

Institutional interest in crypto is just getting started

The old adage “The crypto market is not for the faint-hearted” was put on full display recently when the total market capitalization of the industry dipped to a relative low of $1.75 trillion on Sept. 20, only to make a strong comeback. Despite all of these fluctuations, however, demand from institutional investors remains strong, with reports suggesting that big-money players continued to recently “buy the dip,” especially on the heels of China’s most recent blanket ban that saw bears take control of the market, albeit briefly. To further elaborate on…

Sentenced ‘Bitcoin czar’ named among Pandora Papers

The International Consortium of Investigative Journalists (ICIJ) has identified a major crypto criminal among those exposed to have funneled funds into shadowy tax havens in its “Pandora Papers.’ According to an Oct. 3 ICIJ document summarizing the organization’s findings from its Pandora Papers investigation, offshore assets belonging to a so-called “Bitcoin czar sentenced for money laundering in connection with the largest cyberheist in history” were identified to be handled by one of the firms. The Pandora Papers comprise a 2.94 terabyte data trove spanning 11.9 million records from 14 different…