Day: June 15, 2022

Cryptocurrency Designed to Evolve Alongside Humanity – Sponsored Bitcoin News

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sponsored Agoras is the cryptocurrency of Tau. If you haven’t heard about Tau yet, it is the first-ever decentralized blockchain social network, that will be able to take the thoughts, advice, and knowledge of its users and update its own software in real-time to give all users control over what the software does for them and how it evolves at any scale. On Tau, your profile, holding all your opinions and knowledge, is called a Worldview. The consensus of everyone’s Worldviews will define the next version of Tau, bringing you…

Celsius reportedly seeks advice from lawyers on restructuring

Crypto lending platform Celsius Network (CEL) has onboarded restructuring lawyers from Akin Gump Strauss Hauer & Feld to find potential solutions to the firm’s financial woes.  The firm is reportedly looking for other strategic alternatives, such as a financial restructuring, apart from its attempts to solve its current problems. The report also noted that Celsius is trying to find investors who would be able to provide financing options for the crypto lending company. Citing extreme market conditions, Celsius paused withdrawals from its platform on Monday. Amid the withdrawal freeze, the…

A Case Study of CET’s Repurchase & Burning Mechanism

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In the crypto market, though most cryptocurrencies share similar underlying technologies, they are designed based on different economic models known as tokenomics. To be more specific, some cryptos feature a supply that increases over time, while some others have a fixed supply. Yet, a minority of cryptos come with a diminishing total supply that looks deflationary. Such tokens are referred to as deflationary cryptos. We all know that some cryptos with a fixed supply, such as Bitcoin, are generally deflationary by default. Most members of the Bitcoin community reject inflation…

Why the Crypto Market Needs KYC and How to Stay Anonymous without Breaking a Law

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Anonymity became a barrier, standing in the way of cryptocurrency mass adoption by the traditional financial market. At the same time, abandoning confidentiality contradicts the core concept of digital assets. To satisfy interests of both cryptocurrency users and regulators, a trade-off was needed. The solution has already been created. Let’s dive deeper and learn how to remain anonymous in the crypto market without breaking a single law. What is KYC and what does it have to do with cryptocurrencies? The abbreviation KYC stands for Know Your Customer. This definition is…

Cum faci bani din Maiar si Coinbase

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Vă invit în aplicațiile folosite de mine portofel Maiar hero tag- @adrian80 erd1p8rejap5k90ef9dx7jvglvhvxjkemycz7rv9ekcy665el3f8aa8qmnuk4c Coinbase Sign up for Coinbase using my link and we can each get RON 43.7 in Bitcoin Maiar Revolut Kucoin Bee nerwork Here is my invitation link for BEE Network. Use the invitation code: adi80. Download at Pi network Vă trimit 1π! Pi este o nouă monedă digitală dezvoltată de către profesori ai Univerității Stanford, cu peste 25 milioane de membri din toată lumea. Pentru a-ți revendica Pi-ul, urmează acest…

Bitcoin Drops Toward $20K Amid Contagion Risks in Crypto Markets

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“Over the past couple of years, cryptocurrencies have become a global macro asset,” said Mikkel Morch, executive director at crypto hedge fund ARK36, in an email. “So it is to be expected that they will react negatively now when investors realize that central banks haven’t reacted nearly as aggressively as they will need to in order to get inflation under control.” Original

Tether aims to decrease commercial paper backing of USDT to zero

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The major stablecoin company Tether is looking to eventually get rid of commercial paper backing for its U.S. dollar-based stablecoin Tether (USDT). Tether issued an official statement on Wednesday to deny reports alleging that Tether’s commercial paper portfolio is 85% backed by Chinese or Asian commercial papers and is being traded at a 30% discount. The stablecoin firm called such allegations “completely false,” reiterating that more than 47% of total USDT reserves are now the “United States Treasuries.” In its latest assurance opinion issued in May, Tether reported that commercial…

Bitcoin miners’ exchange flow reaches 7-month high as BTC price tanks below $21K

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Bitcoin’s (BTC) price tanked to a 52-week low of $20,800 earlier on Wednesday, down by over 70% from its all-time high of $68,788. Although the price has since recovered above $21,000, key market indicators point toward bears having a significant hold on the current market. Bitcoin Miners to Exchange flow, a metric that indicates the volume of BTC sent by miners to crypto exchanges, rose to a seven-month high of 9,476. The rise in exchange flows indicates miners are currently selling their BTC in anticipation of the price going down.…