Day: December 16, 2021

YouHodler CEO Ilya Volkov Explains Why He Thinks CeDeFi Is the Future – Interview Bitcoin News

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YouHodler is a fintech platform that helps people access the benefits of the crypto economy. It allows users to get instant cash and cryptocurrency loans, exchange crypto, and earn up to 13% APY by depositing crypto in their reward account. Ilya Volkov is the CEO and Founder of YouHodler. He recently joined the Bitcoin.com News Podcast to talk about the business: Ilya has more than 15 years experience in the fintech industry. Prior to his entry into the cryptocurrency and DLT industry, he got his expertise in different financial market…

Russia to decide between blanket crypto ban and legalizing exchanges in 2022

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On Thursday, conflicting reports emerged in Russia on the state of crypto regulatory affairs. First, a report by Reuters indicated that the Central Bank of Russia is seeking a ban on cryptocurrencies, citing risks to financial stability and the exploding volume of transactions. If enacted, the move would align with remarks made by Russian President Vladimir Putin last month, who stated that cryptocurrencies “bear high risks” at an investment forum in Moscow. The nation’s central bank is currently preparing an advisory report on the issue. However, Anatoly Aksakov, chairman of the…

What the Fed’s ‘Hawkish’ Turn Means for Bitcoin

This episode is sponsored by NYDIG. Download this episode Yesterday in the wake of the FOMC meeting, the Federal Reserve signaled a hawkish turn. Asset purchases will be tapered at twice the speed, and the Fed is now anticipating three rate hikes next year. So why, in the wake of all that, are risk assets going up, and five-year inflation expectations climbing? See also: Bitcoin Holds Steady as BOE Hikes Interest Rate, ECB to Reduce Crisis-Era Stimulus “The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with…

Why Investors Are Excited About the DeFi-zation of GameFi

YGG is a great example of this. In a blog post this summer, Arianna Simpson, a general partner at Andreessen Horowitz who invests in crypto, wrote about this opportunity in regard to the investment in YGG. “Right now, there is a largely untapped economic opportunity in emerging markets to provide jobs by building a virtual economy in the digital world,” she wrote. “The way we define a ‘job’ is quickly evolving because of crypto and gaming, and we think we’re just starting to glimpse what’s possible in this realm.” Source

Will NFTs Kill Traditional Art? Famed Collector Cozomo de’ Medici Makes The Case

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Digital magazine and gallery Artnet gave Cozomo de’ Medici the keys to the castle. The notorious NFT collector took over their very popular Twitter account to raise hell. Cozomo de’ Medici’s thesis is that “the internet killed the yellow pages. Netflix killed Blockbuster,” and NFTs will replace traditional art. A bold prediction, we know, but let’s give the pseudonymous collector the benefit of the doubt and explore his thread. Related Reading | DAO To Make Jodorowsky’s Dune Manuscript Public: Member Won $3M Bid The story starts with Artnet NFT 30.…

‘I’m a huge believer in crypto technology,’ says former US SEC chair

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Former chairman of the U.S. Securities and Exchange Commission, or SEC, Jay Clayton, was appointed by ex-President Donald Trump to serve in 2017.  In his tenure as head of the SEC, Clayton often defended Bitcoin (BTC) as a store of value. This past Wednesday, during an interview with CNBC’s Squawk Box show, Jay shared his thoughts on cryptocurrency and how it should be regulated going forward. The former SEC chair said that he is a “huge believer in crypto technology” and that its efficiency advantages in the financial system and…

Behind the Scenes of El Salvador’s Bitcoin Bond With the Man Who Designed It

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Still, there are plenty of questions about the functional details of the bond, and a lot of unknowns about its real impact. To find out more, I recently spoke with Samson Mow, CEO of Blockstream. Mow and Blockstream acted as advisors on the design of the bond, and the bond will be issued using Liquid, a bitcoin-based service created by Blockstream. But Blockstream won’t be directly involved in issuing, selling or servicing the bond, which will be handled by El Salvador’s central bank and the Bitfinex crypto exchange. Original

Bitcoin Oversold Near $46K Support; Resistance at $55K

Bitcoin (BTC) continues to hold support above $46,000, which is near its 200-day moving average. The cryptocurrency could see a brief price bounce toward $55,000 if buyers react to oversold signals on the charts. BTC was changing hands around $47,900 at press time and has traded in a tight trading range over the past week. Price momentum is starting to turn positive on the daily chart for the first time since October, which preceded a price recovery. This time, however, the uptrend is slowing on the weekly chart, which means…

Data Shows Bitcoin Short-Term Holders Realizing Significant Losses

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On-chain data shows that Bitcoin short-term holders have now started to realize significant losses. This could prove to be a bearish signal for the crypto. Bitcoin Short-Term Holders Are Taking Significant Losses As pointed out by an analyst in a CryptoQuant post, the BTC market is now looking at significant losses being realized. This trend may be reminiscent of the May 2021 crash. The relevant indicator here is the Spent Output Profit Ratio (SOPR), which is an on-chain metric. The SOPR measures the profit ratio of the overall market to…

Solana Trades Up 10.3%, But Network Issues Raise Concerns

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Solana (SOL) traded 15.7% up and lead gains earlier as the crypto market started to see the green zone, recovering from the total cap value dropping to $2,1 trillion, now at $2,2 trillion, a 5% increase in 24 hours. As several altcoins from the top 100 savor the upswing, it’s a polarized day for Solana’s popularity as the network saw major congestion issues that might put down price expectations for 2022. A few days ago SOL saw a two-month low of around $150, but losses are in reverse in the…