Stories

Mark Cuban Gives Crypto-Friendly Warning as Bitcoin Climbs

Source Node: https://beincrypto.com/mark-cuban-gives-crypto-friendly-warning-as-bitcoin-climbs/
Time Stamp: August 11, 2021 12:23 PM - Modified On: August 11, 2021 - Published By:
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Republished By Plato

Billionaire investor Mark Cuban issued a warning to crypto investors, as bitcoin prices continue a steady climb. Sponsored Sponsored The crypto space is heated. Investors are on edge as Bitcoin continues to steadily climb towards $50,000. However, the price incline comes at a time when the entire crypto industry could be facing a new reality with the new bill from the Senate.  The original syntax of the bill grouped virtually all participants in the space into the same tax and reporting bracket. If the wording remained as it originally appeared, even

Wormhole 2.0 Mainnet Launch Links Smart Contracts

Source Node: https://beincrypto.com/wormhole-2-0-mainnet-launch-links-smart-contracts/
Time Stamp: August 11, 2021 11:00 AM - Modified On: August 11, 2021 - Published By:
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Wormhole, a Solana Labs-backed multichain connector, launched its mainnet. This new protocol aims to bring the key issue of interoperability to the forefront of the DeFi conversation. Sponsored Sponsored In a world increasingly open to innovation and fast-paced development, communication is of the utmost importance. That’s the ethos of the multichain connector Wormhole. The company intends to use its technology to make communication between different blockchains effortless.  Wormhole’s technology makes it possible for funds, votes, programs, and any other transferable information to effortlessly pass from one blockchain to the next.

Shark Tank’s Kevin O’ Leary Partners With FTX in Ambassador Role

Source Node: https://beincrypto.com/kevin-oleary-and-ftx-announce-new-partnership/
Time Stamp: August 11, 2021 9:45 AM - Modified On: August 11, 2021 - Published By:
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Republished By Plato

Kevin O’Leary, investor and co-host of Shark Tank, announced yesterday his new partnership with the powerhouse crypto exchange FTX. Sponsored Sponsored In the announcement, O’Leary and FTX stated they’re in for a long-term investment and spokesperson relationship. It will center around equity stake in both FTX Trading Ltd. and West Realm Shires Services Inc., as well as O’Leary acting as an ambassador for the exchange.  The ambassadorship is a multi-year deal in which the investor will promote FTX and its accompanying brands to his international audience. For his services as an

Turkey Residents Panicking Over Massive Inflation

Source Node: https://cointelegraph.com/news/turkey-residents-panicking-over-massive-inflation
Time Stamp: August 19, 2020 1:13 AM - Modified On: May 21, 2021 - Published By:
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Rampant inflation is affecting Turkish residents’ confidence in the nation’s lira fiat currency. According to a Reuters report on Aug. 14, locals are dumping lira, converting it to dollars and buying gold. Even with market interventions and reassuring stories about monetary stability coming from the government, the locals’ faith in the lira is on a downward trajectory. Inflation is currently at 11.8% and has overtaken the amount of interest offered for savings at banks. One resident was quoted as saying he had bought gold as a safe-haven asset:“I think it is the best investment

Cryptocurrency News Roundup for August 18, 2020

Source Node: https://beincrypto.com/cryptocurrency-news-roundup-for-august-18-2020/
Time Stamp: August 18, 2020 4:45 PM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

Since the start of 2020, the net worth of assets locked in DeFi smart contracts have increased nearly 10x from $680 million to more than $6 billion. BeInCrypto covered it in-depth here, in case you missed it earlier. To bank in on that phenomenal growth and encourage greater cooperation among industry stakeholders, Huobi DeFi Lab has launched a new initiative called the Global DeFi Alliance. Several major players in the DeFi space have already joined the initiative to create a united front and pave the way for mainstream adoption in

Cryptocurrency News Roundup for August 17, 2020

Source Node: https://beincrypto.com/cryptocurrency-news-roundup-for-august-17-2020/
Time Stamp: August 17, 2020 2:30 PM - Modified On: May 21, 2021 - Published By:
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More than nine out of ten bitcoins in supply are currently in the money, meaning they have yielded a higher return-on-investment for their owners over time. And this profitability is not just confined to the alpha-crypto. According to new data from cryptocurrency analytics firm, IntoTheBlock, nearly 95% of all Chainlink (LINK) and 94% of all VeChain (VET) addresses are currently in profit. In fact, barring a few exceptions such as Litecoin (LTC), most of the major wallet-bound altcoins are earning sizeable profits for their holders. More on that and other

Cryptocurrency News Roundup for August 14, 2020

Source Node: https://beincrypto.com/cryptocurrency-news-roundup-for-august-14-2020/
Time Stamp: August 14, 2020 4:00 PM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

In a polarising move that has drawn mixed reaction from the company’s user-base, cryptocurrency exchange BitMEX announced today that it’s making KYC verification mandatory on the platform. The noises surrounding the move are hardly surprising given that privacy and easy-registration were two of the primary factors that contributed to the exchange’s growing popularity. Some BitMEX users are, however, in favor of the decision as it may help the exchange improve its security and appeal to would-be customers. All said and done, the u-turn into a conventional exchange underlines the impact

Is Chainlink Poised for a Sell Off After Reaching New ATH?

Source Node: https://cointelegraph.com/news/is-chainlink-poised-for-a-sell-off-after-reaching-new-ath
Time Stamp: August 14, 2020 12:39 AM - Modified On: May 21, 2021 - Published By:
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Chainlink rallied another 4% today, maintaining its place as the fifth largest crypto asset by market cap — but are investors starting to become skittish? According to on-chain analytics resource Santiment, Chainlink (LINK) investors may be “becoming increasingly uncertain in its prolonged rally.” Santiment reported that though there weren’t “many bearish indicators or signs of an impending top” for LINK as of last week, that may no longer be the case.The number of LINK deposits into crypto exchanges reached an all-time high (ATH) of 8.2 million, the same day the token

Celebrating The History And Spirit Of Bitcoin Independence Day

Source Node: https://bitcoinmagazine.com/articles/celebrating-the-history-and-spirit-of-bitcoin-independence-day?utm_source=rss&utm_medium=rss&utm_campaign=celebrating-the-history-and-spirit-of-bitcoin-independence-day
Time Stamp: August 6, 2020 11:27 AM - Modified On: May 21, 2021 - Published By:
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This article originally appeared in our Weekly Bits newsletter. If you want our news and analysis before anyone else, make sure you subscribe now! In my view, Bitcoin Independence Day is a holiday that says a lot about the BTC community. Its origins are highly technical and difficult to understand, the “independence” it celebrates refers to the developer community overcoming interests from industrialized miners and, ultimately, it’s a chance for Bitcoiners to reflect on the young history of the technology and engage in debate. To celebrate, Bitcoin Magazine hosted a day