BITCOIN

  • The meaning of MAS——Privacy-the most important unicorn in the DEFI world!

    In2020, the market in the encrypted world is completely driven by DEFI.The reason why DeFi can produce such a huge boost is mainly becauseit can meet the real needs of the market with actual products. DEXsuch as Sushiswap provides a realistic pricing mechanism forlong-tail assets by simplifying the market-making model; through decentralized lending, Compound has created a basic production modelfor basic financial assets; the curve, which focuses on stable currency exchange, has found another way. The “lending + LP”compound financial product model has enabled the establishment ofDeFi’s financial attributes; and…

    03/13/2021
  • Forget Buying the Dip, MicroStrategy Buys $15M of Bitcoin as It Nears the All-Time High

    Business analytics firm MicroStrategy has made yet another large bitcoin (BTC, -0.15%) purchase, buying a further $15 million worth. MicroStrategy announced Friday it purchased approximately 262 more BTC at an average price per coin of $57,146, just a little over $1,000 away from the cryptocurrency’s all-time high. This latest purchase brings the firm’s total bitcoin holdings to around 91,326, bought for an average of $24,214 apiece. At the time of writing, this is equal to around $5.1 billion, compared to the approximate $2.21 billion MicroStrategy paid for them. The company’s share price has partly recovered from a…

    03/12/2021
  • Why Bitcoin Is More Like a $100 Bill Than Gold

    This week, two developments point toward continued interest in bitcoin as a medium of exchange, the reason the “commerce on the internet” meme may be more accurate than the “digital gold” narrative. One of the developments is the debut of a service allowing use of Lightning – a protocol built to scale transactions on the Bitcoin blockchain – for payments with online merchants that use the Visa network. The company behind the service is called Moon, and it uses a similar mechanism to that used by other bitcoin commerce startups, such as Fold. The…

    03/12/2021
  • Why the NFT Frenzy Won’t Drive Up Prices for Bitcoin Just Yet

    The white-hot market for non-fungible tokens has become so big, NFTs are even showing up in the headlines of mainstream publications like the New York Times and on cable news programs. But can the craze have much of an effect on bitcoin (BTC, -0.41%)? Probably not, at least for now. The oldest and largest cryptocurrency, which, at around $57,000, ended a weeklong winning streak Friday, sits at the center of digital-asset markets, accounting for some 62% of the overall industry’s $1.7 trillion market capitalization. So it would stand to reason there might be some spillover…

    03/12/2021
  • The Graph to Host Protocol Governance on Decentralized GitHub Alternative Radicle

    Web 3.0 analytics and querying platform The Graph announced Radicle, a peer-to-peer software building stack, will host its governance protocol, the Graph Improvement Proposal (GIP) Process. All future protocol governance will also be hosted on Radicle, which is akin to a decentralized GitHub. The GIP process is meant to make sure protocol upgrades are frictionless and to allow the decentralized community and stakeholders to contribute to the overall development of the Graph protocol. It lays out how contributors can propose an idea and provides a methodology for the The Graph Council, which governs…

    03/11/2021
  • Start9 Labs to Build on Its Self-Sovereign, Private Internet Solutions With $1.2M in Funding

    Most people never even see the server that runs the internet network in their houses. But Start9 Labs is working to change that with its latest upgrades to the Embassy Server, a self-sovereign, private internet server and operating system for your home. It’s an ambitious project to make self-sovereign computing viable for consumers, but one that offers a way out of the centralized internet people know. To expand on their efforts, Start9 Labs recently closed a $1.2 million funding round spearheaded by Collider Ventures, Ten31 and Erik Voorhees, CEO of…

    03/11/2021
  • Former US Senator Joins Binance as Policy Adviser and Government Liaison

    Cryptocurrency exchange Binance has hired former U.S. senator and ambassador to China Maxwell Baucus as a government relations adviser. The exchange announced Thursday in a press release it had hired the long-term government official to provide guidance and advice to the firm and work with U.S. regulators. The move could signal a shift in Binance’s approach to the U.S. market, which it currently doesn’t serve directly. Baucus was an ambassador to China under former President Barack Obama between 2014 and 2017. Prior to that, he served in the U.S. Senate and…

    03/11/2021
  • Former US Senator Joins Binance as Policy Adviser and Government Liaison

    Cryptocurrency exchange Binance has hired former U.S. senator and ambassador to China Maxwell Baucus as a government relations adviser. The exchange announced Thursday in a press release it had hired the long-term government official to provide guidance and advice to the firm and work with U.S. regulators. The move could signal a shift in Binance’s approach to the U.S. market, which it currently doesn’t serve directly. Baucus was an ambassador to China under former President Barack Obama between 2014 and 2017. Prior to that, he served in the U.S. Senate and…

    03/11/2021
  • Market Wrap: Bitcoin Rallies Near $58K, Stocks Soar to Record Highs

    Bitcoin (BTC) trading around $57,572.97 as of 21:00 UTC (4 p.m. ET). Climbing 2.11% over the previous 24 hours. Bitcoin’s 24-hour range: $54,323.61-$57,632.81 (CoinDesk 20) BTC trades above its 10-hour and 50-hour averages on the hourly chart, a bullish signal for market technicians. bitcoin trading on CoinbaseSource: TradingView The bitcoin market is back in bull mode but for one key attribute, almost like a missing tooth: low trading volume. Bitcoin’s price on Thursday extended its winning streak to a seventh day as a renewed appetite for risk-taking in traditional markets sent U.S. stocks to…

    03/11/2021
  • Crypto.com Launches Tool to Simplify Crypto Taxes

    Crypto.com has launched a free service it says reduces the complexity of filing cryptocurrency tax returns. In a blog post Wednesday, the Hong Kong-headquartered exchange said its new tool provides “an estimation of taxable gains/losses on relevant crypto transactions,” which can be downloaded for tax filing. Users can import transaction records from supported exchanges and wallets via CSV files or using API synchronization where supported. Initially, the service is only available in Canada but will later be rolled out to other jurisdictions. When that happens, the tool will use country-specific tax calculation…

    03/10/2021