Day: November 29, 2021

Who Sets the Rules of Bitcoin as Nation-States and Corps Roll In

That’s how people go bankrupt, of course. But it’s also a fair description of bitcoin’s ascendance from radical experiment to widely used technology. Recall, if you dare, that in March 2020 BTC was trading at about $5,000 per token and had been in the doldrums for years. Then COVID-19 lockdowns juiced boredom-driven day trading and increased interest in crypto, ultimately unleashing a string of transformational moments for Bitcoin It was in 2021 there was a big BTC buy by Tesla, integration into Twitter, high-profile legislative debates in the U.S., a…

Citi Veteran Launches $1.5B Crypto Fund With Algorand as Strategic Partner

Regarding the hiring of Peurifoy, Zhang said that “Sam brings a unique combination of deep knowledge of the play-to-earn space, close relationship with the community and a real passion for gaming and the metaverse. With Algorand as our first strategic partner, we have a very exciting roadmap on our play-to-earn strategy right out of the gate, and beyond. I think we will do some amazing things together,” Zhang told CoinDesk in an email. Source

The World Bitcoin Will Build

That is the most likely future I see for us. Another, more ominous future is still very much a possibility. A future dominated by surveillance states, central bank digital currencies, social credit scores, authoritarianism, conflict and chaos. But we have Bitcoin, and thus we have both hope and a plan. That’s why we’re building for Bitcoin. That’s why we’re building for bitcoiners. No one is going to make our Bright Orange Future for us. We need to do it ourselves. The stakes are high, but where there is hope, there…

Mining corporation to auction leases by mid Dec, says CM during cabinet

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Mining Corporation is turning into a reality even before the elections. The chief minister Dr Pramod Sawant announced that the state will auction eight mining blocks through Mining Corporation by December 15. Mineral Exploration Corporation Ltd is helping the State to complete the auctioning process, the Chief Minister said today. ▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Youtube version

Former Citi banker launches $1.5B crypto fund, taps Algorand as first partner

A Wall Street veteran with over 14 years of experience has launched a new venture fund dedicated to cryptocurrency and blockchain startups, offering further evidence that smart money investors are pivoting to the emerging world of digital assets.  On Monday, former Citi executive Matt Zhang introduced Hivemind Capital Partners, a $1.5 billion multi-strategy fund designed to bootstrap promising crypto plays and “institutionalize crypto investing.” The fund will prioritize projects focused on building crypto infrastructure, virtual worlds and programmable money, and will also trade digital assets as part of its underlying…

Crypto Miner Selloff ‘Too Much Too Fast,’ Says DA Davidson Analyst

The recent selloff in the shares of cryptocurrency miners have created buying opportunities across the group, Christopher Brendler, an analyst at Wall Street investment banking firm DA Davidson, wrote in a research note dated Nov. 29. Mining stocks have tumbled in recent weeks, after a rally in October and loggin a strong start to November. The recent drop corresponds with price declines in bitcoin and ether, suggesting that many investors still view mining firms as a public-market proxy for investing in leading cryptocurrencies. “Although the slightly more risk-off market and…

Privacy-Centric Crypto Mixing Protocol Tornado.cash Plans to Deploy on L2 Platform Arbitrum – Privacy Bitcoin News

One of the largest cryptocurrency mixing protocols, Tornado.cash, has announced the project will deploy on the L2 (layer 2) Ethereum platform Arbitrum One. The creators of the Ethereum-based mixing application explain that settling on Arbitrum will allow Tornado.cash users to benefit from cheaper transactions. Tornado.cash to Deploy on Arbitrum – ‘Cheaper Transactions Being the Biggest Comparative Advantage’ On November 29, the team behind the ethereum mixing application Tornado.cash revealed the project plans to deploy on the Arbitrum One network. The news follows the project’s recent collaborative efforts that applied network…

India ponders going full China on crypto, Nov. 22–29

Are big emerging economies more likely to gravitate toward blanket crypto bans? China has set a precedent, and now it appears as if India could be weighing a similar policy direction: A bill containing a proposed ban on all “private cryptocurrencies” will go in front of the nation’s parliament sometime this winter. The measure is designed to clear the way for India’s central bank to advance its digital currency agenda. Whether a sovereign central bank digital currency can coexist with a thriving market of “private” cryptos will be one of…

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Crypto Miner Sell-Off ‘Too Much Too Fast,’ Says DA Davidson Analyst

The recent sell-off in the shares of cryptocurrency miners have created buying opportunities across the group, Christopher Brendler, an analyst at Wall Street investment banking firm DA Davidson, wrote in a research note dated Nov. 29. Mining stocks have tumbled in recent weeks after a rally in October, and are logging a strong start to November. The recent drop corresponds with price declines in bitcoin and ether, suggesting that many investors still view mining firms as a public-market proxy for investing in leading cryptocurrencies. “Although the slightly more risk-off market…