The president of El Salvador, Nayib Bukele, has revealed that his country holds 44,106 oz. of gold in its reserves that has lost some value over the past year. He told gold bug Peter Schiff that if El Salvador had sold its gold and bought bitcoin last year, it would now be worth $125 million …
Yearly archives: 2021
SEC Chairman Gary Gensler Stresses Crypto Markets Are Open to Manipulation, Investors Vulnerable
The chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, has called for more investor protection in crypto markets. “This asset class is rife with fraud, scams, and abuse in certain applications,” he said. “In many cases, investors aren’t able to get rigorous, balanced, and complete information on tokens or trading and lending …
Binance plans to become registered UK firm despite regulatory setbacks
Binance CEO Changpeng Zhao said the exchange is planning to expand to the U.K. in the next six to 18 months, despite being instructed by the country’s regulator to cease trading earlier this year. The U.K.’s Financial Conduct Authority (FCA) revoked Binance’s ability to trade in Britain in June, amid a sweeping regulatory crackdown on …
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Introducing White Whale’s IDO: THE BOOTSWAP
Over the last few months, there have been several token launches on Terra. What has been noted, is that there have been two major challenges that continue to occur. First, the initial liquidity pools are just not deep enough. This causes an outrageous manufactured initial price pump, making all the insiders feel really good, but …
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EasyFi Announces Multi-Million Developer’s Fund and Grants Program
The leading layer-2 DeFi lending protocol, EasyFi Network has launched its #BuildWithEasyFi initiative to encourage the developer community to leverage various benefits offered by the EasyFi ecosystem. As a part of the initiative, EasyFi has announced a Developer’s Fund and Grants program where promising projects and individuals can gain access to the capital necessary to …
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Bitcoin Doesn’t Work as a Form of Payment, According to Celsius CEO Alex Mashinsky – Here’s Why
The CEO of crypto lending platform Celsius does not think that Bitcoin (BTC) has the correct properties to become a suitable payment option. In a new interview on Coin Stories, Alex Mashinsky offers a contrasting picture between the qualities of the US dollar and the leading cryptocurrency. “I’d much rather be in a scenario where …
Exchange Giant FTX Releases 10 Proposals for Crypto Market Regulators
Crypto exchange giant FTX has released a list of 10 proposals for market regulators in the US looking to oversee the digital asset space. In a new blog post, the exchange reveals what it calls “FTX’s Key Principles for Market Regulation of Crypto-Trading Platforms.” First on the list is to have one primary market regulator …
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Top 5 cryptocurrencies to watch this week: BTC, ETH, MATIC, ALGO, EGLD
Bitcoin (BTC) and most altcoins sold off on Dec. 4 with massive deleveraging seen in the crypto derivatives markets. Data suggests more than $2.5 billion of crypto liquidations over a 24-hour period. During the recent fall, Ether (ETH) has continued to outperform Bitcoin. While Bitcoin’s market dominance has dropped below 41%, Ether has continued to …
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Four inspiring blockchain journeys and stories from Odisha, India
Blockchain technology offers a great many advantages to many industries, with the financial sector being one of the most notable examples. It has the potential to have an even greater impact in developing countries, where blockchain-enhanced fintech can help improve financial accessibility for the 1.7 billion unbanked people around the world through services such as …
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Value Locked in Defi Slips 5% in 24 Hours, AMM and Rebase Tokens Take Double-Digit Losses
Since mid-November the total value locked (TVL) in decentralized finance (defi) has slid from $257 billion to $250.55 billion and during the last 24 hours it lost a touch more than 5%. Over the last seven days, defi tokens like uniswap, pancakeswap, curve dao token, 1inch and sushi have lost anywhere between 15% to 23.9% …
Starting My Journey Into the Metaverse by Throwing Tomatoes at Zuckerberg’s Face
Editor’s Note: The following story was written by Neomi, an author from China with experience covering art, music, culture, tech, and travel. Bitcoin.com News sent her into the field of blockchain-based metaverse experiences to capture the feeling of a pioneer entering this new reality. Decentraland, Day One: I Need a Hat Upon entering Decentraland for …
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Over 80% of African Users on Mineplex Reportedly Interested in Buying Goods With Staked Crypto
A report says over 80% of African users on the Mineplex marketplace have shown an interest in the platform’s commodity staking program since launch. Zero Fee Alternative According to a recent study, over 80% of African users have taken part in the commodity staking program since its launch as a new product on the Mineplex …
Tau-Chain Founder Ohad Asor and Prof. Franconi Explain Logical AI and How to Trade Knowledge
Tau, in development, is the world’s first fully user-controlled blockchain, capable of understanding and implementing users’ consensus in real-time. It allows you to understand and be understood by billions of people, on a platform so advanced that it changes and updates itself based on how you as its users collaboratively decide what its next version …
Whistleblower Edward Snowden Issues Crypto Gaming Warning, Highlights Potential ‘Unethical’ Practices
Whistleblower Edward Snowden says that the use of non-fungible tokens (NFT) in crypto gaming comes with certain consequences. In a new interview on Parachains, a Polkadot and Kusama-focused YouTube channel, Snowden says he is against the monetization of gaming platforms that use NFTs because they utilize a false sense of scarcity. “We have people that …
Bitcoin Price Prediction: BTC/USD Stalls Below $50,000
Bitcoin Price Prediction – December 5 The Bitcoin price prediction reveals that BTC remains below the 9-day and 21-day moving averages as the coin stumbles again. BTC/USD Long-term Trend: Bearish (Daily Chart) Key levels: Resistance Levels: $56,000, $58,000, $60,000 Support Levels: $42,000, $40,000, $38,000 BTCUSD – Daily Chart Buy Bitcoin Now BTC/USD is now struggling …
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