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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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Republished By Plato

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

Celo to Issue at Least $15.7 Mln in Community Grants During 2020

Source Node: https://cointelegraph.com/news/celo-to-issue-at-least-157-mln-in-community-grants-during-2020
Time Stamp: April 1, 2020 12:34 PM - Modified On: August 29, 2021 - Published By:
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Open-source payments network, Celo (cGLD), announced on March 31 that it had awarded $700,000 in developer grant funding to 16 startups looking to build on the Celo network. Cointelegraph spoke to Xochitl Cazador, the head of ecosystem growth at cLabs — the company behind Celo — to discuss what they look for from grant applicants, and Celo’s plans for 2020.Celo provides grant funding to 16 startupsCazador states that the most important criteria applicants are assessed on is whether they “support Celo’s mission of building an open financial system that creates conditions

Printer Goes Brrrr: Rich Dad Poor Dad Author Calls Bitcoin People’s Money

Source Node: https://coinfomania.com/robert-kiyosaki-calls-bitcoin-peoples-money/?utm_source=rss&utm_medium=rss&utm_campaign=robert-kiyosaki-calls-bitcoin-peoples-money
Time Stamp: April 1, 2020 12:32 PM - Modified On: August 29, 2021 - Published By:
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The outbreak of the Coronavirus pandemic has wreaked havoc on global economies, which has left the less privileged in most affected nations exposed to series of hardships and has made many experts provide insights on possible ways to avoid such reoccurrence in the future. Robert Kiyosaki, a bestselling author of popular financial literacy book, Rich Dad Poor Dad, is the latest to weigh in on the topic as he encouraged his followers on Twitter to save their money via Bitcoin instead of fiats currencies. Kiyosaki who recently started a series

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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Republished By Plato

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

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

Not April Fool’s — Trump Hints at $9 Oil After Accidental Bitcoin Plug

Source Node: https://cointelegraph.com/news/not-april-fools-trump-hints-at-9-oil-after-accidental-bitcoin-plug
Time Stamp: April 1, 2020 5:11 AM - Modified On: August 29, 2021 - Published By:
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After inadvertently advertising Bitcoin (BTC) last week, United States President Donald Trump has now hinted that he expects oil to crash to just $9.In a press conference on March 31, Trump reiterated what has become a penchant for lower oil prices. Trump: $9 could “get you what you wanted”He was speaking amid talks with both Russia and Saudi Arabia, both of which plan to increase oil production this month despite the plunge in demand caused by coronavirus. WTI crude prices have lost more than 50% in the past 30 days alone. “Look,