Day: March 21, 2022

Structure of Crypto Market? (Card House?) – Beginners' Guide

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io This is the second video of a beginners’ guide where we will break down step-by-step how the traditional financial system is structured, how the cryptocurrency market is structured, what stablecoins are, their role in the cryptocurrency market, and why stablecoins will both drive massive global adoption of cryptocurrencies, while also potentially threatening mass global adoption of cryptocurrencies. Our goal by the end of this video series is for us to understand the traditional financial system’s relationship with the cryptocurrency market, and if…

Terra Founder Hints at $3 Billion BTC Purchase, Explains New Bitcoin-Linked Tokenomics – Bitcoin News

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Terra founder Do Kwon hinted at a future purchase of $3 billion worth of bitcoin to supply the reserves of the protocol in a recent Twitter Space shared with bitcoin enthusiast Udi Wertheimer. In the same Space, Do Kwon explained the new mechanics that the Terra ecosystem is introducing in order to use bitcoin as collateral for its flagship decentralized stablecoin, UST. Do Kwon Directs the Terra Ecosystem to Bitcoin Do Kwon, founder of Terra and Terraform Labs, made some important announcements regarding the future of the Terra…

Social Media Crypto Advice, Gamification Targeted by Global Standard-Setters at IOSCO

Monday’s report makes clear that crypto trading is first among the risky, and often unregulated activities focused on by the group. “Trading on crypto-asset trading platforms often occurs unaccompanied by investor and market protections against fraud, manipulation, insider trading and frontrunning, among other things,” the IOSCO report said, listing some of the financial practices regulators have long regarded as abusive. Source

El Salvador seems to delay its ‘volcano bonds’ launch

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Considering the absence of any official announcements, El Salvador’s government seems to have delayed the launch date of the so-called “volcano bonds.” Earlier, Salvadoran Finance Minister Alejandro Zelaya had been reassuring the public that the project would start by March 20.  Speaking on a local TV show on Friday, El Salvador’s finance minister once again announced that the launch of so-called “volcano bonds” should take place somewhere between March 15 and 20 — the same dates had been declared during his previous TV appearance in February. Albeit this time, Zelaya mentioned…

What Does a Crypto Mining Farm Look Like? Striking Photos From Siberia to Spain

Crypto mining comes in many shapes and sizes, from mega mines under the blazing Texas sun to small facilities nestled in Italy’s snowy Alps. CoinDesk reporters traveled across Europe, Asia and North America to capture the diversity of crypto mining farms. Mining is a little understood industry, in large part because miners tend to be extremely secretive. Security concerns coupled with regulatory uncertainty have made this industry wary of the limelight. The fact that many miners started as maverick entrepreneurs plugging straight into hydropower plants in China did not help…

This NFT Marketplace Is Breaking Barriers

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NFTs seems to be an unstoppable force. The latest in the blockchain world, NFTs have grown from being traded at $100 million in 2020 to $23 billion in 2021. The 230x increase has got crypto investors searching high and low for quality NFT projects to support. Non-Fungible Tokens, or NFTs, are a way for the average consumer to authentically claim ownership rights over a digital asset. These assets can range from samples of an upcoming song by an artist, a piece of art, a tweet, or even the origins of…

Introducing CoinDesk’s Mining Week

Over the course of Mining Week (March 21-25) we’ll be publishing feature articles, explainers, opinion pieces, data visualizations, videos, podcasts and other content that explores this dynamic, fascinating field. From proposals to modify Bitcoin’s software to cut energy consumption to up-and-comer projects that claim to be greener alternatives; from energy producers mining coins to make extra money and reduce waste to neighbors complaining about noise and higher electricity rates, this is a must-read package. Source

GrePay and Alchemy Pay Partner to Expand Crypto Payments – Press release Bitcoin News

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press release PRESS RELEASE. Singapore, March 2022 – The fiat-crypto payment solutions provider, Alchemy Pay (ACH), and GrePay, global acquirer and payments provider, announce their partnership. Grepay has over 100 local payment channels that process over 200k transactions per day. Alchemy Pay will now leverage these channels to connect crypto service providers to their global key markets such as United Arab Emirates, India, Mexico, Brazil, Colombia, Chile, and Pakistan. As part of the partnership, Alchemy Pay will provide GrePay with cryptocurrency payment acceptance capabilities. This includes Binance Pay and on-chain…