business

A Crypto Venture Fund Bought the Most Tokens at MakerDAO’s Debt Auction

Source Node: https://cointelegraph.com/news/a-crypto-venture-fund-bought-the-most-tokens-at-makerdaos-debt-auction
Time Stamp: April 1, 2020 2:21 PM - Modified On: August 29, 2021 - Published By:
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An auction to recapitalize MakerDAO (MKR) after the mid-March market turmoil successfully concluded on March 28, bringing in over $5 million worth of DAI. Crypto venture fund Paradigm Capital revealed in a March 31 tweet that it won approximately 68% of the auctioned tokens.The company had previously pledged to join a “backstop syndicate” and cover the entire system shortfall if necessary. Acting as a so-called “backstop,” the group would act as the buyer of last resort by purchasing the MKR tokens if their price fell to $100. (The auction’s starting

Fed’s Quantitative Easing Strategy Holds Long-Term Benefits for Crypto

Source Node: https://cointelegraph.com/news/feds-quantitative-easing-strategy-holds-long-term-benefits-for-crypto
Time Stamp: April 1, 2020 11:30 AM - Modified On: August 29, 2021 - Published By:
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These are perilous times, and it hasn’t escaped anyone’s notice that the United States Federal Reserve is doing its part to alleviate the suffering — which began with the coronavirus pandemic and has spread to the global economy. It’s printing more money. “There is an infinite amount of cash at the Federal Reserve,” Neel Kashkari, the president of the Federal Reserve Bank of Minneapolis, told Scott Pelley of CBS on March 22, adding: “We will do whatever we need to do to make sure there is enough cash in the financial

How to Run Large Zoom Meetings: 5 Best Practices for Businesses, Churches, Etc.

Source Node: https://www.bitcoinmarketjournal.com/how-to-run-large-zoom-meetings/
Time Stamp: April 1, 2020 11:16 AM - Modified On: August 29, 2021 - Published By:
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We have entered the age of Zoom. Forget other videoconference programs: they’re slow, buggy, and hard to use. You spend half the meeting trying to get everyone connected. We’ve tried them all, and we’ve found that Zoom “just works.” It’s great for small teams, but it gets a little more challenging for larger griefs. In this CoCo brief, we’ll talk about 5 best practices that we’ve learned from an unlikely source: The Union Church in Newton, Massachusetts. The Union Church has been successfully running their Sunday services on Zoom, with upwards of

Amended Ripple Class-Action Covers Possibility XRP Is Not a Security

Source Node: https://cointelegraph.com/news/amended-ripple-class-action-covers-possibility-xrp-is-not-a-security
Time Stamp: April 1, 2020 11:07 AM - Modified On: August 29, 2021 - Published By:
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An amendment to the class-action lawsuit against Ripple, filed March 25, included additional claims of false advertising and unfair competition, “under the alternative theory that XRP is not a security.”The disgruntled investors’ sixth and seventh claims for relief would appear to be a direct hedge in the event that the judge rules against the original suit suggesting that XRP was illegally sold as an unregistered security.Hedging their betsThe filing included two additional claims for relief, in relation to alleged false advertising and unfair competition, both in violation of the California

Evolution of‘Payments’ Will Bolster Next-Generation Businesses

Source Node: https://medium.com/datadriveninvestor/evolution-of-payments-will-bolster-next-generation-businesses-f670ff793f80?source=rss-------8-----------------cryptocurrency
Time Stamp: April 1, 2020 9:36 AM - Modified On: August 29, 2021 - Published By:
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Humans have always been on a developmental journey. When we are born into thousands of years of inventions and improvements, it’s easy to take for granted what’s around us— as if they always existed. We seldom think about the changes it took to get to where we are.Take for example, the creation of language and how that opened up a new course in human history. How it led to communication, collaboration, communities and organizations. From there, people organized a set of doctrines and came up with story-telling, a precursor to

Berkeley Blockchain Xcelerator Director on What DLT Startups Need to Succeed

Source Node: https://cointelegraph.com/news/berkeley-blockchain-xcelerator-director-on-what-dlt-startups-need-to-succeed
Time Stamp: April 1, 2020 9:28 AM - Modified On: August 29, 2021 - Published By:
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The Berkeley Blockchain Xcelerator — an incubator for early stage distributed ledger technology startups at the University of California, Berkeley — recently launched its spring cohort, which includes startups seeking to fight COVID-19, launch a cannabis-themed massively multiplayer online game and create a reverse auction platform for loans.Cointelegraph spoke to Jocelyn Weber, the director of the Xcelerator, to find out more about the resources the program offers to startups, success stories from previous cohorts and advice for startups looking to launch in the crypto space.Cointelegraph: Could you give an overview

Bitcoin Codebase Preserved for 1,000 Years in Archive Under Arctic Ice

Source Node: https://cointelegraph.com/news/bitcoin-codebase-preserved-for-1-000-years-in-archive-under-arctic-ice
Time Stamp: April 1, 2020 6:55 AM - Modified On: August 29, 2021 - Published By:
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A snapshot of the Bitcoin codebase will be encoded onto film reels and stored for a thousand years under the arctic ice in Svalbard, Norway. The move is part of the GitHub Archive Program, with a mission to preserve open-source software, for future generations to learn about the culture of today.GitHub has partnered with institutions such as the Software Heritage Foundation, Arctic World Archive, and Oxford University’s Bodleian Library to ensure the long-term preservation of code, which could otherwise be abandoned, forgotten or lost.With the ephemeral nature of much of

Huobi Wallet and Crypto Lender Cred Now Enable Users to Earn Interest

Source Node: https://cointelegraph.com/news/huobi-wallet-and-crypto-lender-cred-now-enable-users-to-earn-interest
Time Stamp: April 1, 2020 6:07 AM - Modified On: August 29, 2021 - Published By:
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Major cryptocurrency exchange and wallet provider Huobi has partnered with decentralized crypto lending platform Cred to enable users to earn interest on their holdings.An announcement on April 1 revealed that Cred’s lending and borrowing services will be fully integrated into the Huobi Wallet, which supports over 1,000 crypto assets, including 8 stablecoins, for users across 200 countries and regions.The two firms did not provide a comprehensive list of supported crypto assets, but noted that Bitcoin (BTC), Ether (ETH) and stablecoins such as Universal Dollar (UPUSD) would be part of the

Bitcoin and Visa Transactions Plunge But Pizza Deliveries Are Up

Source Node: https://cointelegraph.com/news/bitcoin-and-visa-transactions-plunge-but-pizza-deliveries-are-up
Time Stamp: April 1, 2020 3:22 AM - Modified On: August 29, 2021 - Published By:
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Online purchases using Bitcoin (BTC), Visa, and some retail apps are down for the first quarter of 2020, spanning cryptocurrency and fiat currency transactions.With many around the world self-quarantining or otherwise recommended to stay inside to prevent the spread of COVID-19, one might assume there would be an increase in online purchases and deliveries. Yet with unemployment on the rise and an uncertain economic future, it seems consumers want to save their money rather than spend it.Bitcoin transactions rivaling those during crypto winterThe crypto market is not exempt from this