Day: December 30, 2021

What DAOs Can Do: Exciting Or Worrying? Rethinking 2021

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DAOs are believed to be the most efficient and important coordination tool for businesses and other organizations nowadays. In the first part of this article, we talked about the many benefits we saw during 2021, but like in any innovation, there are worries about what it might all mean in the future. Related Reading | What DAOs Can Do: Social Movement Or Playground? Rethinking 2021 – Pt. I Worries Of The Year One of the worries that popped out in 2021 was taxes: are DAOs being responsible enough to educate their members…

Bitcoin Sees Out the Year Near $47K Amid Low-Volume Spot Trading

Also, the more this goes on, the more people start to “think” in bitcoin, ether or some other digital asset. There are plenty of bitcoiners who like to remind everyone that, whatever its price versus the dollar, one bitcoin continues to be worth one bitcoin. Many believe bitcoin, with its censorship-resistant, persistent supply mechanism, could evolve to become the base layer collateral for the global financial system, taking on a role akin to Treasury bonds. Source

Altcoins Dominate Market In 2021

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Bitcoin has had a favorable year in 2021 but the altcoins have dominated the market. The advent of the alt seasons this year had seen multiple altcoins rally towards new highs even when market-mover bitcoin had remained stagnant at times. This move, coupled with the growth and adoption that rocked the crypto space this year, has proven that the altcoins dominated the market on a large scale. Altcoins Rule 2021 So many new things came out of the altcoin industry this year and have found success at the same time.…

Microstrategy Buys More Bitcoin, Now Holding 124,391 BTC – Featured Bitcoin News

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Nasdaq-listed Microstrategy has bought more bitcoin for its corporate treasury. The latest purchase for 1,914 coins has raised the company’s total cryptocurrency holdings to 124,391 bitcoins. CEO Michael Saylor recently said that he expects the price of the cryptocurrency to eventually reach $6 million. Microstrategy Has Purchased More Bitcoin The pro-bitcoin Nasdaq-listed company Microstrategy has purchased 1,914 more BTC. With the latest purchase, the company now holds 124,391 bitcoins. Microstrategy CEO Michael Saylor announced Thursday via Twitter: Microstrategy has purchased an additional 1,914 bitcoins for ~$94.2 million in cash at…

A DeFi Governance Case Study

Omakase in particular remains a frequent target for trolling in Sushi’s governance forums, particularly from self-professed members of the LevX DAO. However, Omakase notes that for all the noise, those calling for him to be fired have little actual power: Despite LevX being one of the largest recipients of Sushi from his hiring proposal, he sold the majority and possesses few tokens with which to weigh in. Source

Why 2022 Could Be The Best Year For Cardano, Top Bullish Predictions

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Cardano (ADA) experienced a major downtrend in the past months as the crypto market took another swing for the lows. The sixth cryptocurrency by market cap has seen a year in the green as it managed to complete several upgrades on its mainnet. Related Reading | Biggest Cardano Based Cross-Chain NFT Marketplace Verlux kicks Off Pre-sale First, Cardano successfully transitioned to a Proof-of-Stake consensus in 2020, shortly after the D parameter reached “0” signaling the full decentralization of block production. The network went from a federate consensus to a community-based…

The blockchain revolution will cast aside the skeptics, Dec. 23-30

From a price perspective, the cryptocurrency market is ending 2021 with a whimper as Bitcoin (BTC), Ether (ETH) and other digital assets continue to trade well below their prior peaks. But the business of blockchain and crypto is heating up, as evidenced by the arrival of institutional capital and the flood of venture funding into the space. According to Nischal Shetty, CEO of India’s WazirX crypto exchange, the digital asset revolution is already underway and will continue with or without your participation.  Below is the concise version of the latest…

Bitcoin ETF Rally Was Short-Lived

But the September dip didn’t last long. The market got a fresh jolt of enthusiasm when the first U.S. bitcoin exchange-traded fund – a bitcoin futures ETF, that is – launched in the fourth quarter. Bitcoin climbed from $40,000 toward $65,000 in October, spurring visions of $100,000 by the end of the year. It was not to be: The rally fizzled, bitcoin’s notorious volatility returned, and the six-figure price prediction proved wildly optimistic. Source

Crypto Exchange Giant Lists Two DeFi Altcoins During Market-Wide Correction

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Crypto exchange titan Crypto.com (CRO) is adding support for two decentralized finance (DeFi) altcoins as the digital assets market experiences a widespread pullback. According to a company blog post, the Singapore-based exchange platform says it will be listing Convex Finance (CVX), an Ethereum-based protocol built on top of stablecoin exchange Curve Finance (CRV) and Trader Joe (JOE), an Avalanche-based automated market maker (AMM) and decentralized exchange (DEX). Convex, which offers no withdrawal or minimum performance fees, rewards liquidity providers and CRV stakers on the Curve Finance exchange. Its native utility token…