Day: January 7, 2022

Bitcoin Fear And Greed Index Has Dipped To Lows Not Seen Since July

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Following the Bitcoin crash to $42k, the fear and greed index has declined to extreme fear values not seen since July of last year. Bitcoin Fear And Greed Index Points At “Extreme Fear” As pointed out by an analyst in a CryptoQuant post, the BTC fear and greed index has dropped to very low values. The “fear and greed index” is a crypto indicator that measures the general sentiment among investors in the market. The index uses numbers to represent the sentiment on a numeric scale that goes from zero…

Grayscale Removes Bancor (BNT) And Universal Market Access (UMA) From Its DeFi Fund

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The Grayscale Investment manager undertakes another phase of balancing its Grayscale DeFi fund. This round of rebalance inculcate the adjustment of the project’s Digital Large Cap Funds. This move marks its second balancing process after its launch in July 2021. An announcement on January 3 revealed the in-depth adjustments to Grayscale’s two funds. The first rebalancing employed the Flexa payment network’s native collateral coin. Related Reading | Could Kazakhstan Turmoil Cause Another Bitcoin Hash Crash? Hence, Grayscale DeFi Fund’s weighting was rebalanced with the addition of AMP. Conversely, the rebalancing process…

Terra expanding UST and LUNA, and Aave Arc seeks institutional adoption, Dec. 31–Jan. 7

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Welcome to the latest edition of Cointelegraph’s decentralized finance newsletter. The new year is upon us, and the expectations for DeFi innovation, utility and mainstream adoption are greater than ever. Read on to hear about the inaugural stories of 2022. Reading this article, you’re only receiving a portion of the content from our DeFi newsletter. Drop your email below for the full copy. Terra Research proposes new utility for TerraUSD and LUNA Decentralized algorithmic stablecoin issuer Terra published an ambitious proposal via its research team this week to expand the…

UK lawmakers form crypto advocacy group for parliament: Report

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Lisa Cameron, a member of parliament for the United Kingdom’s House of Commons, is reportedly chairing a lobbying group aimed at promoting crypto-related legislation in government. According to a Friday report from the Financial Times, members of parliament, as well as members of the House of Lords in the United Kingdom, launched the Crypto and Digital Assets Group to ensure rules for the crypto industry in the U.K. “support innovation” as of last week. The cross-party group aims to protect investors from financial crimes, including token scams or offerings from regulated…

Pantera Adds $46M in Investments to Bitcoin Feeder Fund

Pantera’s Bitcoin Feeder Fund now has $63.7 million in funding from 153 investors, up from $18 million from 56 backers a year ago, according to a new regulatory filing.  Founded in 2019, the Bitcoin Feeder Fund lets investors make indirect investments in the firm’s main Bitcoin Fund, according to an explanatory memorandum. The Bitcoin Fund is a passive tracker of bitcoin that offers investors daily liquidity. Last September, Pantera raised $369 million for a new blockchain fund. Two months later, The Information reported that Pantera was raising $600 million for…

Why Bitcoin Could Frustrate Bulls And Bears In 2022

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Bitcoin has been on a downtrend for the past days recording a 1.8% loss in 24 hours and a 10.5% correction in seven days. The benchmark crypto seems to be reacting to macro-economic factors and could see further downside in the short term. Related Reading | U.S. Mining Company Marathon Now Holds 8,133 BTC. And They’re Not Selling It As of press time, Bitcoin trades at $42,076 after testing the levels around $40,500. Remains to be seen if current levels will hold and if the crypto market will experience recovery…

¿Están las DAOs realmente descentralizadas?

El 2021 fue el año de la organización autónoma descentralizada, conocida como DAO por sus siglas en inglés. Proyectos como PleasrDAO, Friends With Benefits y ConstitutionDAO mostraron el potencial de la acción colectiva y la gobernanza. Las DAOs son estructuras jurídicas novedosas con un gran futuro. No obstante, cómo funcionarán en la práctica es una gran incógnita para mí. Read this article in English. Las organizaciones autónomas descentralizadas son, en términos muy básicos, comunidades representadas por reglas codificadas como un programa informático que es transparente, controlado por sus miembros y…

Is a DAO + LLC Still a DAO?

2021 was the year of the decentralized autonomous organization, or DAO. Projects like PleasrDAO, Friends With Benefits and ConstitutionDAO showed the potential for collective action and governance. DAOs are novel legal structures with a big future. But how will they work in practice? I have my doubts. Decentralized autonomous organizations are, in very basic terms, communities represented by rules encoded as a computer program that is transparent, controlled by its members and not influenced by a central authority. And even though they seemed to have been fatally injured after The…

NYC Mayor Undeterred by Falling Bitcoin Price, Says Buying the Dip Could Yield ‘Good Profit’ – Markets and Prices Bitcoin News

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The mayor of New York City, Eric Adams, is not deterred by bitcoin’s volatility, noting that buying the dip could yield “a good profit.” He reiterated that he will receive his first three paychecks in bitcoin and will make New York City the center of blockchain technology. New York Mayor Hints at Buying the Dip The mayor of New York City, Eric Adams, is undeterred by the falling price of bitcoin. A former New York City police captain and Brooklyn borough president, Adams took office on Jan. 1 as the…