HodlX Guest Post Submit Your Post The debate surrounding the benefits and disadvantages of a cashless economy gained momentum over the past decade. Proponents of going cashless gained new supporters since the Covid-19 pandemic began – and cybercriminals are rejoicing. Online orders and contactless payments soared as lockdowns across the globe kept people at home. Cybercrime …
Yearly archives: 2021
Fed chair met with Coinbase CEO Brian Armstrong and former House speaker in May
Prior to the Federal Reserve announcing it would release a discussion paper on a central bank digital currency, chairperson Jerome Powell met with Coinbase CEO Brian Armstrong. According to Powell’s meeting calendar which was made public on Friday, the Fed chair held a 30-minute meeting with Armstrong as well as former House of Representatives Speaker …
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Altcoin Roundup: Smart investors don’t just buy dips, they dollar-cost average
Choppy markets have defined the crypto space since Bitcoin (BTC) sold off on April 19, and indecisive markets like these can test the patience and fortitude of even the most dedicated traders and analysts, especially when the incessant calls for a bottom are met with lower lows. While the periods of low trading volume and …
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Cayman Islands joins in global regulatory attacks against Binance, what is happening?
A press release from the Cayman Islands Monetary Authority (CIMA) states Binance is not registered to operate as a crypto exchange from the British Overseas Territory. “The Cayman Islands Monetary Authority (the “Authority”) wishes to inform the public that Binance, the Binance Group and Binance Holdings Limited are not registered, licensed, regulated or otherwise authorised …
No audits, no tokens, and no ‘rugpulls.’ Yearn’s Andre Cronje launches new DeFi project
Andre Cronje, creator of wildly popular decentralized finance (DeFi) yield farming protocol Yearn.Finance (YFI), today announced his new project—a blockchain-based foreign exchange (forex) platform. * No token* Not audited* Experimental Introducing Fixed Forex (USD, EUR, ZAR, YPY, CNY, etc) https://t.co/Dcoa83G4ej — Andre Cronje 🦀 (@AndreCronjeTech) July 2, 2021 Dubbed Fixed Forex, the platform allows users …
Venezuela to Slash Six Zeros From Its Currency to Facilitate Payments
The government of Venezuela is considering a new redenomination of its fiat currency. The proposal that is under study would cut six zeroes from the inflation-affected Bolivar. This would aid companies in processing taxes and provider payments that are absurdly complex with today’s numbers. However, the dollar is the predominant coin in retail payments in …
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Skybridge Capital Launches Ethereum Fund — Ether ETF Filing to Follow
Asset management firm Skybridge Capital has launched an ethereum fund, CEO Anthony Scaramucci has confirmed. He added that the asset manager will be filing for an ether exchange-traded fund (ETF). Skybridge Capital CEO Anthony Scaramucci revealed in the latest episode of The Scoop, published Tuesday, that his asset management firm has launched a private ethereum …
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BIS Economist Recommends ‘Technology-Neutral’ Crypto Regulation, Low-Cost Supervision of Decentralized Markets
An economist with the Bank of International Settlements has found that cryptocurrencies are not sought as an alternative to fiat currencies or regulated finance, therefore a “technology-neutral regulation to this asset class” is recommended. The economist discussed “embedded supervision,” adding that “The main aim is low-cost supervision of decentralized markets.” BIS Economist Suggests Regulatory Approach …
Robinhood Says Dogecoin Generating Huge Portion of Crypto Revenue, Issues Warning on Market Volatility
Robinhood says Dogecoin (DOGE) accounts for a whopping 34% of its cryptocurrency transaction-based revenue in the first quarter of 2021. In its registration statement for an initial public offering (IPO) filed on Thursday, the company behind the zero-commission trading app reveals that 17% of its total revenue in the first three months of the year …
Cambridge and IEA data shows bitcoin carbon intensity peaked last year
According to publicly available data from the University of Cambridge Centre for Alternative Finance and the International Energy Agency, or IEA, bitcoin (BTC) carbon emission intensity may have already peaked. The environmental impact of bitcoin’s electricity usage is a favorite talking point of its critics and journalists on the crypto beat. But taking in the …
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Axie Infinity (AXS) and Waves make gains as Bitcoin flatlines below $34K
Bitcoin (BTC) price remains relatively unchanged on the 24-hour chart, down 0.56% and trading around $33,200 at the time of writing. The overall cryptocurrency market traded flat on July 2 with the approach of the Fourth of July holiday weekend in the United States. The lackluster trading volume coincided with a slight decline in the …
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Utility-focused NFTs: the future of blockchain art?
Transitioning from static digital collectibles to tokens with real utility will lead to a new generation of NFTs according to Tytan Inc the COO of NFTY labs, a platform focused on building products for the NFT space. In a recent interview with Cointelegraph, he said that even if the market is saturated, there is still …
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Greenidge plans to expand mining operations to South Carolina
Bitcoin mining company Greenidge Generation announced it would be starting operations in South Carolina as early as this year. In a Friday announcement, Greenidge said it would be operating in a carbon neutral crypto mining facility in the city of Spartanburg. The company said it had signed a letter of intent for a 10-year lease …
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World’s Largest Crypto Asset Management Firm Launching Support for Cardano
Grayscale, the world’s largest crypto asset management firm, is adding Cardano (ADA) to its suite of investment products. The firm says it’s adding ADA to the Grayscale Digital Large Cap Fund, which offers retail and institutional investors exposure to a basket of altcoins. ADVERTISEMENT Although it’s a new addition, Grayscale is making ADA the …
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Major Stablecoin Shakeup Underway As Tether (USDT) Loses Grip on Ethereum Dominance: Messari
Messari crypto research analyst Ryan Watkins predicts Tether (USDT) will lose its majority status as a stablecoin on the Ethereum blockchain in coming weeks. Messari’s data shows the fall of USDT is due to the rise of USD Coin (USDC), which was developed by the Centre Consortium founded by Coinbase and Circle. ADVERTISEMENT “In …