For participating in the decentralized governance of the CDAA, advisors will receive another token that is intended to increase in value over time, said Larsen, so “advisors get compensated for the work they’re doing as members of our community – they don’t have to develop a product or service, they’re compensated by the economic structure we’re putting in place to deliver solutions.” Source
Of the ever-growing reasons why bitcoin keeps making national news, its scarcity is one of the most notable. Touted as an inflation hedge by top advisories such as JPMorgan, bitcoin is earning a renewed reputation as “digital gold” while the U.S. Treasury prints more fiat currency. This article originally appeared in Crypto for Advisors, CoinDesk’s weekly newsletter defining crypto, digital assets and the future of finance. Sign up here to receive it every Thursday. “Most, but not all, cryptocurrencies and all NFTs [non-fungible tokens] have scarcity as a key component…
Digital Currency Group (DCG), the crypto investment company whose holdings include asset manager Grayscale, crypto lender Genesis and independent news outlet CoinDesk, said it raised $600 million in a new credit facility, marking its first entry into the debt capital markets. Source
While it shares many similarities with dogecoin, namely its Shiba Inu theme, extremely large supply and very low-cost token, shiba inu coin sets out to provide substantially more utility for its holders than is currently available with doge. For starters, the project launched its own ShibaSwap decentralized exchange where crypto holders can swap SHIB for a range of other listed tokens, much like Uniswap or Balancer. Building on this, shiba inu coin also features two other ERC-20 tokens – known as BONE and LEASH – which provide additional utility including…
Hong Kong-based cryptocurrency miner BIT Mining (BTCM) said fourth-quarter revenue will fall 10% to 20%, as its mining pool business, BTC.COM, completely exited the Chinese market. “The company is working on solutions with its existing users in China, such as migrating such users’ mining machines to overseas markets, so that they may have access to our services in a compliant manner,” the company said in a filing on Thursday. BIT Mining also said it expects that its continued growth in international markets will help offset the loss of business in…
Monetary authorities are finally taking crypto seriously – perhaps too seriously. The idea of fiat currency is something of a historical anomaly. Around 5,000 years ago, shiny metals became a store of value for goods and services. Those were soon fabricated into standardized tokens, becoming media of exchange. It wasn’t for another 2,000 years, though, that anyone engraved the king’s face on those tokens. Money derived from the producers, not governments. So why should governments today have a monopoly on their local money supply? Moreover, why should that be a…
The list will “highlight those companies that are having the most impact within the space,” some of which may be blockchain companies, while others could be providing solutions provide solutions “to make experiences within the metaverse more accessible, impactful or successful for businesses and consumers,” Grossman told CryptoX via email. Source BalanceDealDigitalETHGalaxyHoldmagazineMetaversePartSheetTime CryptoX Portal
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Bitcoin (BTC) chopped and changed on Nov. 18 but held a critical support level to preserve the chance of new all-time highs. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView $90,000 remains on the table Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it ranged between $59,000 and $60,000 Thursday, seeing $1,000 swings in minutes. With the pair’s overall range becoming ever narrower, talk turned to a potential “short squeeze” entering to push spot price to new, higher levels. “Based on the Futures Markt structure, the funding rate and…
Without a doubt, 2021 has been a momentous year for nonfungible tokens (NFT). The nascent market has seen unprecedented growth as sales volume from January to date nears $10 billion — a 14,500% surge from 2020. The NFT marketplace OpenSea is responsible for processing a great chunk of that. OpenSea controls a majority of NFT sales and has processed more than $10 billion worth of transactions since launching in December 2017. Its 2021 volume alone even topped the revenue earned by Etsy and is comparable to the revenue generated by…