Day: December 16, 2021

Circle and Endaoment to create USDC-based disaster relief fund for communities impacted by deadly tornado

Circle, the company that created the USDC stablecoin, announced a partnership with public charity Endaoment to create a disaster relief fund. The fund will help mid-western American communities impacted by last week’s deadly tornadoes. The two entities hope to raise $1 million in grants to support the American Red Cross and local non-profits. Via Endaoment, blockchain enthusiasts will be able to directly contribute USDC or other cryptos using connected wallets with a minimum donation of $20. The funds will be distributed in $20,000 intervals to seven participating charities, the Team…

Market Wrap: Altcoins Outperform as Ether Rises Toward $4K

Alternative cryptocurrencies (altcoins) were in the spotlight on Thursday as bullish sentiment returned to crypto markets. Bitcoin (BTC) continued to stabilize near $46,000, near its 200-day moving average – a key technical support level that, if broken, could lead to further selling pressure. For now, bitcoin appears to be oversold, and was down about 2% over the past 24 hours. Meanwhile, ether (ETH) was roughly flat over the past 24 hours, compared with a 4% rise in Solana’s SOL token and a 7% rise in Terra’s LUNA token over the…

NBA Legend Kevin Durant Joins Coinbase to Help Promote the Crypto Exchange’s Brand – Bitcoin News

boss

American professional basketball player for the National Basketball Association (NBA) Kevin Durant, is joining Coinbase according to a recent report from Bloomberg. According to the report, Durant will appear as “a face of the brand” and will help promote the exchange’s advertising content. Kevin Durant Joins Coinbase NBA legend Kevin Durant, otherwise known as “KD,” has joined Coinbase in an advertising deal that will feature Durant as a Coinbase spokesperson. Durant plays for the Brooklyn Nets as a power forward and is widely considered one of the best professional basketball…

All I want for Christmas is Bitcoin, Dec. 9–16

boss

On Wednesday, the United States Federal Reserve wrapped up its final policy meeting of 2021 by voting to keep interest rates at record lows. In doing so, the Fed set the stage for a series of interest rate hikes beginning in the spring, which will be accompanied by a more accelerated taper of its bond-buying program. While the Fed’s decision to reduce market liquidity could impact crypto investors in the short term, Bitcoin (BTC), Ether (ETH) and DeFi are carving out their own narratives heading into 2022. Those narratives could…

What’s Next for Friends With Benefits?

Crypto has always had an accessibility problem. It goes without saying that this stuff is difficult to use. It’s one thing to buy some Ethereum on Coinbase, it’s another to actually step beyond that walled garden into the world of decentralized applications, where you won’t find any guardrails to help you along the way. You’ll need an unhosted wallet (which you control rather than a third party), for starters, along with an intimate knowledge of token swaps (what’s “slippage” all about?) and plenty of cash on hand for the network’s…

Kazakhstan Piloting a CBDC on R3′s Corda Platform

The 99-page document examined the CBDC pilot, which launched in May and involves two of the country’s larger commercial banks, Kaspi Bank JSC and Eurasian Bank JSC. The report, the second produced this year on a possible tenge, considered CBDC use cases and potential monetary and financial impacts, among other issues. Source

The Future of NFTs Is Fungible

But let’s look at why some NFT believers think fungible tokens for communities don’t work. Here’s GMoney, the cutesy, pixelated, half-man, half-monkey NFT collector making his argument: A stash of tokens is first held by a creator who distributes the tokens to fans. As the creator creates more valuable work, those tokens rise in price. But to realize those gains, the creator must continuously sell the tokens to fans. This leaves creators with a diminishing horde of tokens, thus disincentivizing them to increase the value of their work. Source

Valkyrie’s latest ETF offering has exposure to Bitcoin

boss

Crypto asset manager Valkyrie has launched an exchange-traded fund with exposure to Bitcoin on the Nasdaq Stock Market. In a Wednesday SEC filing, Valkyrie said its Balance Sheet Opportunities ETF will not invest directly in Bitcoin (BTC) but 80% of its net assets would offer exposure to the crypto asset through securities of U.S. companies with BTC on their balance sheets. These companies may include custodians, crypto exchanges, and traders. The filing specifies that Valkyrie’s ETF may invest up to 10% of its net assets in securities of Bitcoin mining…

Bitcoin Investor Peter McCormack Buys UK Soccer Club With Incredibly Ambitious Plans to Improve

CryptoX is a multi-platform publisher of news and information. CryptoXtrade has earned a reputation as the leading provider of cryptocurrency news and cryptomarket analysis, bitcoin and other cryptocurrencies, blockchain technology, finance and investments. CryptoXtrade have become a known leader in the cryptocurrency information market. We work only with trusted information sources providing latest financial and technological innovations that improves the quality of life of CryptoX readers by focusing on Cryptocurrency and Blockchain. CryptoX Portal