Day: January 13, 2022

Aside from Shark Tank, Mark Cuban says 80% of his new investments are in crypto

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Comedian and former Daily Show host Jon Stewart said Dallas Mavericks owner and billionaire Mark Cuban broke down the intricacies of the crypto space in practical terms. Speaking to Stewart on a Thursday podcast, Cuban said he didn’t focus on the price speculation around cryptocurrencies like Bitcoin (BTC) and Dogecoin (DOGE), comparing it to “gamesmanship” akin to that of stocks. The Dallas Mavericks owner explained some of the basics of the space to Stewart, calling it “decentralized and trustless,” with token holders having a “typically equal vote” to determine the…

[SPONSORED] Circle, USDC and Dharma: Powering the Next Wave of DeFi Access

Decentralized Finance — or DeFi — has experienced immense growth, with total value locked in smart contracts passing $250 billion in November 2021. This parallels the growth of USDC, which recently passed $40 billion in circulation, based largely on growing demand from DeFi market participants. Join this exclusive webinar to hear how the industry is poised to drive DeFi’s next wave by reaching new participants, including customers who lack access to traditional investment opportunities. Guests include Joao Reginatto, VP of Product at Circle, along with Dharma CEO Nadav Hollander. Source

Palau President Talks Stablecoin Plans Following Island Nation’s ‘Digital Residency’ Rollout

CryptoX – Cryptocurrency Analysis and News Portal “One of the challenges that we have in Palau is, it’s hard to get pennies, it’s hard to get quarters,” Whipps said. “Cash shortages are a real thing here, so what digital wallets would really provide is freedom, freedom from having to go to the bank.” Source The post Palau President Talks Stablecoin Plans Following Island Nation’s ‘Digital Residency’ Rollout appeared first on CryptoX. CryptoX Portal

Here’s what you need to know about CZ’s $96B net worth, Jan. 6–13

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Binance CEO Changpeng Zhao, also known as “CZ,” is now the world’s 11th richest person, according to Bloomberg. The crypto entrepreneur has amassed a $96 billion fortune on the back of his booming exchange business and the rapidly appreciating value of Binance Coin (BNB). CZ’s wealth offers a startling reminder of just how lucrative crypto has become for early adopters. It’s also a sign of things to come as digital assets become more mainstream over the next decade. (If you’re reading this, there’s a good chance you’ll also be counted…

Industry players respond to Vitalik Buterin’s thoughts on cross-chain ecosystems

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Last week, Vitalik Buterin, Ethereum (ETH)’s co-founder, voiced his disapproval regarding the emergence of cross-chain bridges, citing security vulnerabilities due to their interdependency. In the days that followed, however, developers working on cross-chain technologies largely dismissed his skepticism. In a statement to Cointelegraph, Kadan Stadelmann, chief technology officer of atomic swap blockchain Komodo, responded to Vitalik’s critique: “What we ultimately need is true decentralization. For example, instead of relying on one or two trusted bridges that have a single point of failure, it would be better to work towards a…

Russia’s National Finance Association Calls for Legalization of Crypto Investments – Finance Bitcoin News

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The main finance industry association of Russia has urged authorities to reconsider a position against crypto investments in the nation’s financial market strategy. The organization insists that the crypto investments of Russians should be brought out of the “gray zone” instead of being banned. Finance Industry Body Urges Government to Regulate Operations With Crypto Assets The Russian National Financial Association (NFA) has issued a call to amend the country’s Strategy for Development of the Financial Market of the Russian Federation Until 2030 in the part concerning investments in cryptocurrencies, RIA…

Meet the Bitcoin Legal Defense Fund

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This episode is sponsored by Nexo, Abra and FTX US. Download this episode On today’s episode, NLW covers: The new Bitcoin Legal Defense Fund from Jack Dorsey and others Crypto nuggets from 250 pages of former Treasury Secretary Steven Mnuchin’s emails The latest out of the Agriculture and Energy committees in Congress as it relates to crypto regulation Crypto hedge funds massively outperform TradFi See also: Dorsey Proposes Non-Profit Bitcoin Legal Defense Fund for Developers “The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by…

Small cap altcoins flash bullish signals even as Bitcoin revisits $42.5K

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The cryptocurrency market faced another day of erratic price movements on Jan. 13 after Bitcoin (BTC) bulls were soundly rejected in their bid to push the price above $44,000. This led to an abrupt sell-off that has thrust the price back into the high $42,000 range.  Despite the mid-day struggle faced by Bitcoin and many of the other large market-cap cryptocurrencies, several small-cap altcoins managed to eke out notable gains. Top 7 coins with the highest 24-hour price change. Source: Cointelegraph Markets Pro Data from Cointelegraph Markets Pro and TradingView…

Gemini acquires BITRIA to push crypto into the wealth management industry

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Crypto exchange Gemini announced Thursday that it had agreed to purchase Bitria, a San Fransisco-based start-up that provides traditional portfolio management tools for use in crypto investments. The goal of Bitria is to provide a platform for traditional asset managers and financial advisors to use in helping their clients invest in cryptocurrencies.  Gemini said that it seeks to integrate Bitria’s Separately Managed Accounts and its Digital Turnkey Asset Management platform into its own exchange capabilities. The integration is intended to give advisors access to more than 70 different cryptocurrencies through Gemini’s…

Tether Freezes $160M of USDT Stablecoin on Ethereum Blockchain

Stablecoin issuer Tether froze three Ethereum addresses holding over $160 million worth of USDT, according to data from Etherscan. The three accounts will now not be able to move funds anymore. In total, Tether has blacklisted 563 addresses on the Ethereum blockchain since November 2017, according to the Bloxy block explorer. Tether has said in the past that it regularly works with regulators to supervise suspicious accounts. An address with over $1 million in USDT was frozen in late December. Tether, which issues tokens on several blockchains, began blacklisting addresses…