Month: August 2022

Boomer on the dancefloor! The 64 yr old Bitcoin breakdancer on investing

One of the worldโ€™s oldest competitive โ€œbreakers,โ€ or breakdancers, is twisting and shouting Bitcoin (BTC) on dancefloors across the United States. Aged 64, Ben Hart told Cointelegraph he reckons heโ€™s โ€œthe worldโ€™s oldest actively competing breaker.โ€ For context, Gary Gensler, the Securities and Exchange Commission, or SEC Chair, is the same age. But itโ€™s unlikely Gensler will be shredding up the dancefloor wearing Bitcoin jerseys any time soon: Some are asking for more footage of me, the 64-year-old break dancer who wears a #Bitcoin shirt in all his breaking battles.…

FDICโ€“FTX spat is another reason for investors to get their funds off exchanges

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Searching for more evidence that self-custody of your cryptocurrency holdings beats a centralized manager? Look to the latest action by the Federal Deposit Insurance Corporation (FDIC). The agency sent a letter to FTX Exchange this month โ€” along with four other entities โ€” that included a cease-and-desist order for โ€œfalse and misleading statements.โ€ Namely, it accused the exchange of falsely implying that user funds were FDIC-insured. It could have turned into an ugly situation if customers expected โ€” but did not receive โ€” a certain level of protection in the…

ETH Moves Towards $1,700, BTC Largely Unchanged โ€“ Market Updates Bitcoin News

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Ethereum moved closer to $1,700 in todayโ€™s session, as prices continued to rebound following recent losses. Bitcoin was largely unchanged from Tuesdayโ€™s session, as the worldโ€™s largest cryptocurrency was once again trading above $21,000. As of writing, the global crypto market cap is trading 0.43% higher. Bitcoin Bitcoin (BTC) continued to trade above $21,000 during Wednesdayโ€™s session, as markets consolidated following recent declines. On Monday, BTC/USD slipped to a low of $20,955.14, however prices have since rebounded trading higher for the past two days. Wednesday saw bitcoin hit an intraday…

Slammed doors and legacy flaws

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Despite Bitcoinโ€™s (BTC) promise of a peer-to-peer world, building a Bitcoin-first business in 2022 still requires third-party intermediaries. Whether itโ€™s startup capital, using fiat money or simply exploiting fiat payment rails, Bitcoin business means interaction with the legacy financial system.ย  A necessity for the vast majority of Bitcoin-based businesses, it means that they probably need a bank. Cointelegraph spoke to Bitcoin-only businesses about their experiences working with banks, given that ultimately, Bitcoin gets a lot of bad press in mainstream media. Plus, some of the banking industryโ€™s biggest supporters love…

3 reasons why Chiliz is up 35% this week โ€” And where is CHZ price heading next?

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The price of Chiliz (CHZ) has surged by approximately 35% week-to-date (WTD) to reach $0.26 per token on Aug. 24. In doing so, the token has outperformed Bitcoin (BTC) and Ether (ETH), which have been wobbling between gains and losses in the same period. CHZ/USD versus BTC/USD and ETH/USD daily price chart. Source: TradingView Here are the key catalysts that could be behind Chiliz’s breakaway rally. CHZ 2.0 On Aug. 22, Chiliz founder Alexandre Dreyfus announced their intention to stop utilizing the Ethereum blockchain to launch their fungible and nonfungible…

Bitcoin Trading Hikes On DBS Digital Exchange Despite Crypto Winter

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Previously Bitcoin has been fluctuating between the $20K and $25K price marks. Billions of dollars have been wiped off due to the crash in its price, particularly in the last four weeks. The loss has become the primary cause of several firmsโ€™ liquidation issues in the crypto industry. Certain companies have taken hard steps to sustain and balance their financial stats. An example of such companies is Celsius, a crypto lending platform. In June, the company announced the suspension of withdrawals for users. It stated that the move was due…

Il a TOUT quittรฉ pour les NFTs et la Blockchain ! (Oussama Ammar) | Parlons Crypto – Sud Radio

โ–ถ Coinbase Website: Coinbase.com โ–ถ CEX Website: cex.io Pourquoi a-t-il quittรฉ un empire pour le monde des NFTs ? Retrouvez Oussama Ammar dans Parlons Crypto. Il nous livrera son ressenti sur le monde des NFTs, de la blockchain et des cryptos. ๐ŸŽ™ Parlons Crypto est la premiรจre รฉmission radio entiรจrement dรฉdiรฉe aux technologies de la blockchain et des cryptomonnaies diffusรฉe tous les dimanches ร  13h sur SUD RADIO. Animรฉe par Thibaut Boutrou et Stรฉphane Molรจre, chaque semaine, elle vous plongera dans cet univers si passionnant avec la pรฉdagogie comme mot…

Anomalous Ether Futures Pricing Condition Is Likely to Revert After the Merge

According to Cumberland, staked ether will remain locked until Ethereum Improvement Proposal (EIP)-4788 releases them. That date is not yet known. So, ether stakers, who are exposed to price declines, are likely to sell futures, keeping premiums under check. The popularity of staking depends on yields, and the greater the yield, the stronger the demand for ether staking and selling ether futures. Source

Uniswap eyes NFT financialization, in talks with lending protocols

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Crypto exchange Uniswap engaged in talks with multiple nonfungible token (NFT) lending protocols, according to a social media post from Uniswap’s head of NFT product Scott Lewis. In the tweet, Lewis highlights the companyโ€™s interest in tackling both liquidity issues and โ€œinformation asymmetryโ€ surrounding NFTs. uniswap is the interface for all nft liquidity. we are now in talks with 7 nft lending protocols. we will be working with each one to solve for liquidity fragmentation and information asymmetry. this is the first step to building nft financialization. โ€” Scott (@Scott_eth)…