Day: May 17, 2022

Michael Saylor: Bitcoin, Inflation, and the Future of Money | Lex Fridman Podcast #276

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Michael Saylor is the CEO of MicroStrategy and a prominent holder and proponent of Bitcoin. Please support this podcast by checking out our sponsors: – Scale: – Coinbase: to get $10 in free Bitcoin – Audible: to get $9.95 a month for 6 months – NetSuite: to get free product tour – SimpliSafe: and use code LEX EPISODE LINKS: Michael’s Twitter: MicroStrategy: Michael’s Book: Book mentioned: PODCAST INFO: Podcast website: Apple Podcasts: Spotify: RSS: Full episodes playlist: Clips playlist: OUTLINE: 0:00 –…

Terra’s Tendermint Touch — Cosmos-Based Token Economy Hit Hard by LUNA’s Demise – Markets and Prices Bitcoin News

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Since last week’s Terra implosion and the demise of the blockchain project’s native token LUNA — and the algorithmic stablecoin terrausd (UST) — crypto tokens based on the Cosmos ecosystem have seen significant losses. Two months ago, the top Cosmos ecosystem coins collectively were worth $61.6 billion and since then, the Cosmos economy has lost more than 75% in value, dropping to $15.2 billion. Terra’s Fallout Stirs Cosmos Token Ecosystem The blockchain project Terra is a Cosmos-based network, which leverages the consensus protocol Tendermint, the Cosmos SDK, and the Inter-Blockchain…

US agencies warn against the influx of North Koreans in IT and crypto jobs online

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The United States Department of Justice, State and the Treasury issued a joint advisery warning against the influx of North Korean workers in various freelance tech jobs, especially in the crypto industry The public advisory was released on Friday, highlighting the critical red flags and identifiers for private firms to avoid hiring North Korean workers. The U.S. agencies warned that these workers pose a range of risks including theft of intellectual property, data and funds that could be used to violate sanctions. There has been a significant increase in the…

What is P2P trading, and how does it work in peer-to-peer crypto exchanges?

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What is peer-to-peer (P2P) trading? Peer-to-peer (P2P) trading is a type of cryptocurrency exchange method that allows traders to trade directly with one another without the need for a centralized third party to facilitate the transactions. Unlike traditional Bitcoin (BTC) exchanges, which typically have strict regulations and require users to go through a verification process before they can access and use the platform, P2P trading platforms tend to be much more relaxed in terms of their requirements. In P2P trading, you can select your preferred offer and trade directly with…

Bitcoin, Bukele and a bevy of central bankers meet in El Salvador

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This week, 44 central bankers from developing countries around the world are attending a conference in El Salvador to discuss financial inclusion, financing for small and medium-sized businesses and Bitcoin (BTC).  Central bank delegates from Ghana to Burundi, Jordan to the Maldives and Pakistan to Costa Rica arrived in San Salvador for the conference upon El SalvadorPresident Nayib Bukele’s invitation. Delegates’ countries marked in orange. Source: Twitter Organized by the Alliance for Financial Inclusion, a global policy leadership alliance, and in partnership with El Salvador’s central bank, the conference will…

Bitcoin Mining Appears to Have Survived Ban in China

From September 2021 to January this year, China’s contribution to the bitcoin mining network was second only to that of the U.S., according to the CCAF’s Bitcoin Electricity Consumption Index (CBECI), which maps the mining activity around the world based on the geolocational data reported by partnering pools. Source

US congress research agency weighs in on UST crash, notes gaps in regulation

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The Congressional Research Service (CRS), a legislative agency that supports the United States Congress, has published a document that contains a rundown on algorithmic stablecoins and points out key factors to look at in the TerraUSD (UST) crash.  In the report, the CRS described the UST crash as a “run-like” scenario and posited that there are policy issues connected to the risk of such events. According to the CRS, a “run” situation starts when holders are doubtful of the reserves that back the dollar peg of the asset. Following this, a…

Bitcoin․com Exchange Market Insights Report for May 2022 – Promoted Bitcoin News

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This is the May 2022 monthly market insights report by Bitcoin.com Exchange. In this and subsequent reports, expect to find a summary of crypto market performance, a macro recap, market structure analysis, and more. Crypto Market Performance May got off to a rough start as the Federal Reserve confirmed a hawkish bias on the back of lingering inflation. Markets reacted by going risk-off. The collapse of LUNA and UST added fuel to the fire, with the result that crypto markets saw historically large drawdowns. BTC reached a low of $25.4k…

NEAR developers to get seamless Web3 app deployment with Pocket Network

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Pocket Network (POKT), a relay infrastructure middleware protocol, announced a service integration to improve the network bandwidth of NEAR blockchain while enabling faster deployment times for Web3 developers. According to Pocket Network, the latest integration with NEAR allows native developers to deploy their applications on other supported blockchains, including Ethereum, Solana, Fuse, Avalanche, Harmony and Polygon. In addition, by having integrations with multiple blockchains, NEAR developers can overcome concerns regarding single points of failure due to bottlenecks or other service disruptions. Pocket Network aims to accomplish 100% up-time for projects via…