Month: April 2022

Tezos co-founder Arthur Breitman discusses the untapped potential of DeFi

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Arthur Breitman, the co-founder of layer-1 protocol Tezos (XTZ), spoke with Cointelegraph’s Jackson DuMont at the Paris Blockchain Week Summit (PBWS) last week about what it would take to unlock the true potential of decentralized finance, or DeFi. Breitman delivered a keynote speech following this interview about the company’s strategy. Related: Paris Blockchain Week, April 14: Latest updates from the Cointelegraph team on the ground According to Breitman, “people haven’t really tapped into DeFi for real-world assets being tokenized.” When he says real-world assets, he means stocks, real estate, digital art…

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Calling Out the Sexism in Bitcoin, Crypto

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“[Rhymes-with-mitt-coin] influencers in 2022, where bitcoin maximalism is blatant and obvious, have no moral compass,” he writes, holding that small corner of crypto to account. Bitcoiners, an emergent identity formed around an immaterial object, are fighting not only for a world where money cannot be debased, but people and culture, too. Original

Bitcoin Nearly Hits $43K, Trades at 10-Day High

“Bitcoin price action has continued to whipsaw between a wider range of $38 – $47,000 which has thus far remained intact since the beginning of the year,” said Tammy Da Costa, analyst at DailyFX, “Due to the high correlation recently seen between bitcoin and tech stocks, there was a degree of concern about how crypto would react. However, bulls held ground above short-term support at the $40,000 level which now brings the psychological level of $44,000 into play.” Source

Bitcoin LTHs Hold Significantly More Loss Now Compared To May-July 2021

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Data shows Bitcoin long-term holders hold significantly more supply in loss right now compared to May-July of 2021. 15% Of Bitcoin Long-Term Holder Supply Is In Loss Right Now As per the latest weekly report from Glassnode, around 30% of the total BTC supply is being held at a loss at the moment. The “long-term holder supply” is the part of the total Bitcoin supply that hasn’t shown any movement since more than at least 155 days ago. The other part of the supply belongs to the “short-term holders.” This…

The Bahamian government hopes to allow residents to pay taxes with digital assets in 2022

Residents of the archipelago nation the Bahamas may soon be able to ues digital assets including the world’s first central bank digital currency, or CBDC, to pay for taxes. In a white paper released on Wednesday on the future of digital assets, the Bahamas’ Office of the Prime Minister said the government will begin to “enable payment of taxes using digital assets” by working with the country’s central bank as well as the private sector. In addition, the government plans to work on giving citizens access to crypto with the…

Here’s Why Floyd Mayweather is Selling Tickets as NFTs

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The adoption of NFTs is so massive that legends such as Floyd Mayweather are participating in events where fans must  buy NFTs in order to attend. Dubai is hosting the world’s first NFT pay-per-view event that features Floyd Mayweather and Anderson Silva as part of The Global Titans Fight Series. Floyd Mayweather is the undefeated boxing fighter that is also a prominent advocate of blockchain technology and NFTs, with his own NFT collection available on https://floydnft.com/. The legend will be participating in an exciting and thrilling match with Don Moore.…

Tron’s Justin Sun Reveals Decentralized Algorithmic Stablecoin USDD – Bitcoin News

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On April 21, Justin Sun, the founder of Tron, announced the launch of a decentralized algorithmic stablecoin called USDD. Sun said on Thursday that the USDD Network will “provide custody service for the $10 [billion] worth of highly liquid assets raised from blockchain industry initiators and use them as an early-stage reserve.” Tron to Launch a Native Stablecoin Called USDD Justin Sun from the Tron network has revealed a new stablecoin issued on top of the blockchain Tron. The announcement was also published on hejustinsun.com in a blog post called…