Crypto might make settlements faster, fees lower, and money available to be moved 24/7, according to Fitch.
The Block
Fitch Ratings says crypto is far from mainstream, but has potential benefits
A new report from the credit ratings agency says the increase of crypto activity could modernize the financial system over time.
Forwarded from Cointelegraph
Diem gets closer to launch as Fireblocks and First introduce new payment infrastructure
Fireblocks and First Digital Asset Group have developed a seamless connection to Diem, allowing financial institutions to access the emerging payment network. The platform is still awaiting regulatory approval before it can launch.
https://ct.com/9dkn
Fireblocks and First Digital Asset Group have developed a seamless connection to Diem, allowing financial institutions to access the emerging payment network. The platform is still awaiting regulatory approval before it can launch.
https://ct.com/9dkn
Forwarded from Decrypt
Christie’s to Auction Ethereum NFT by Crypto Artist Beeple
https://decrypt.co/57869/christies-to-auction-ethereum-nft-by-crypto-artist-beeple
NFT marketplace MakersPlace has teamed up with Christie’s for the auction house’s first ever sale of a purely digital artwork.
https://decrypt.co/57869/christies-to-auction-ethereum-nft-by-crypto-artist-beeple
NFT marketplace MakersPlace has teamed up with Christie’s for the auction house’s first ever sale of a purely digital artwork.
The price of Bitcoin has reached a new all-time high and crossed the $50,000 level for the first time in its history…
👉 Take a quick poll and win prizes! >>
👉 Take a quick poll and win prizes! >>
Forwarded from Minter Network
The Minter FM radio sat down with Daniil Lashin, our lead developer who, by the way, was the one to report a critical Cosmos SDK vulnerability.
https://youtu.be/9-Zyc5oHoyk
Learn more about the Minter 2 upgrade, its advantages over other blockchains, and Daniil's career as well as his take on mining, software engineering, and self-searching during the pandemic.
https://youtu.be/9-Zyc5oHoyk
Learn more about the Minter 2 upgrade, its advantages over other blockchains, and Daniil's career as well as his take on mining, software engineering, and self-searching during the pandemic.
Forwarded from Decrypt
Russian Government Passes Draft Bill on Bitcoin Taxation
https://decrypt.co/57989/russian-government-passes-draft-bill-on-bitcoin-taxation
The draft bill on how cryptocurrencies will be taxed in Russia has been approved in its first reading.
https://decrypt.co/57989/russian-government-passes-draft-bill-on-bitcoin-taxation
The draft bill on how cryptocurrencies will be taxed in Russia has been approved in its first reading.
Forwarded from Minter Network
Public Invitation to Minter 2 Testnet (🌮 TacoNet)
We are delivering on our promise! The public tests of Minter 2 start today.
Create pools and add liquidity, build routes with up to 5 coins, issue non-reserve tokens, mint and burn, and if you're a validator, vote whether to change the network fees and set the new ones for your delegators.
For more details, check out Minter Development Foundation's latest announcement, which is already up on Medium.
👏🏻 Don't forget to clap!
We are delivering on our promise! The public tests of Minter 2 start today.
Create pools and add liquidity, build routes with up to 5 coins, issue non-reserve tokens, mint and burn, and if you're a validator, vote whether to change the network fees and set the new ones for your delegators.
For more details, check out Minter Development Foundation's latest announcement, which is already up on Medium.
👏🏻 Don't forget to clap!
Medium
Public Invitation to Minter 2 Testnet (TacoNet)
Minter 2 enters the public testing phase today. This upgrade is major both in terms of code base and ideology…
DeFi protocol bZx compromised again: $55 million stolen in private key leak
According to a tweet from the protocol today, the private key controlling the project’s deployment on Polygon and Binance Smart Chain (BSC) was compromised earlier in the day.
Blockchain security outfit SlowMist issued an alert stating that over $55 million was siphoned from the project by suspected attackers.
According to a tweet from the protocol today, the private key controlling the project’s deployment on Polygon and Binance Smart Chain (BSC) was compromised earlier in the day.
Blockchain security outfit SlowMist issued an alert stating that over $55 million was siphoned from the project by suspected attackers.
Jane Castor, the mayor of Tampa Bay, Florida, has announced that she will begin accepting her paycheck in Bitcoin, according to multiple sources who attended Florida’s Bitcoin & Blockchain Summit.
NYC Mayor-Elect Eric Adams to Take First 3 Paychecks in Bitcoin
Incoming New York City Mayor Eric Adams said on Thursday that he will take his first three paychecks in bitcoin when he takes office in January.
«In New York, we always go big, so I’m going to take my first THREE paychecks in bitcoin when I become mayor. NYC is going to be the center of the cryptocurrency industry and other fast-growing, innovative industries! Just wait!» — Adams wrote in a tweet on Thursday.
Incoming New York City Mayor Eric Adams said on Thursday that he will take his first three paychecks in bitcoin when he takes office in January.
«In New York, we always go big, so I’m going to take my first THREE paychecks in bitcoin when I become mayor. NYC is going to be the center of the cryptocurrency industry and other fast-growing, innovative industries! Just wait!» — Adams wrote in a tweet on Thursday.
DeFi can be 100 times larger than today in 5 years, currently this sector represents only 0.1% of its maximum potential.
Decentralized Finance is a natural product made possible by blockchain technology and has the right and ready infrastructure to propel the technology to a bigger playing field. The space has grown by leaps and bounds since the Ethereum network went live in July 2015, with Ethereum network transactions growing by 33x to 1.2 million per day currently, and blockchain transactions would exceed millions per day if other chains were included.
Most of these transactions originated from the DeFi services such as Uniswap, which facilitates over $1 billion swaps each day, as well as lending and borrowing protocols such as Aave, Compound and BondAppetit, with tens of billions in market size. While these are large numbers by any standard, it is only a decimal point of the trillion-dollar traditional finance (TradFi) industry.
Decentralized Finance is a natural product made possible by blockchain technology and has the right and ready infrastructure to propel the technology to a bigger playing field. The space has grown by leaps and bounds since the Ethereum network went live in July 2015, with Ethereum network transactions growing by 33x to 1.2 million per day currently, and blockchain transactions would exceed millions per day if other chains were included.
Most of these transactions originated from the DeFi services such as Uniswap, which facilitates over $1 billion swaps each day, as well as lending and borrowing protocols such as Aave, Compound and BondAppetit, with tens of billions in market size. While these are large numbers by any standard, it is only a decimal point of the trillion-dollar traditional finance (TradFi) industry.
New ฿ all time high — $67 803
New Ξ all time high — $4 818
New Ξ all time high — $4 818
🔥 Tim Cook, Apple's CEO, said that he has bought cryptocurrencies.
“I think it's reasonable to own it as part of a diversified portfolio,” Mr. Cook told DealBook's Andrew Ross Sorkin, quickly adding that he wasn't giving investment advice.
“I think it's reasonable to own it as part of a diversified portfolio,” Mr. Cook told DealBook's Andrew Ross Sorkin, quickly adding that he wasn't giving investment advice.
🇨🇳 E-commerce giant JD starts accepting China’s digital currency on Singles Day for the first time.
More than 100,000 people had used e-CNY on the company’s app during the Singles Day promotion period, which started on the evening of Oct. 31 and ends on Thursday.
Note: China’s digital yuan is not a cryptocurrency. It is a digital form of the country’s currency, designed to replace coins and cash in circulation. When formally rolled out, it will be issued via banks and other financial entities by the People’s Bank of China, the central bank.
More than 100,000 people had used e-CNY on the company’s app during the Singles Day promotion period, which started on the evening of Oct. 31 and ends on Thursday.
Note: China’s digital yuan is not a cryptocurrency. It is a digital form of the country’s currency, designed to replace coins and cash in circulation. When formally rolled out, it will be issued via banks and other financial entities by the People’s Bank of China, the central bank.
💣 Raoul Pal: Expect the ‘path of most pain’ around December and upcoming release of Ethereum 2.0 and an Ethereum ETF will extend the crypto market cycle.
Former Goldman Sachs hedge fund manager and Real Vision founder Raoul Pal believes that the social media pundits are wrong and that the crypto market cycle won’t end this year.
In a Real Vision interview on Wednesday, Pal predicted that the current bull run won’t end in December, as it did spectacularly in 2015 and 2017, and will instead extend to some time between March and June.
According to Pal, Bitcoin, Ethereum and altcoin markets are likely to “take the path of most pain,” potentially crashing twice over the next six months.
Former Goldman Sachs hedge fund manager and Real Vision founder Raoul Pal believes that the social media pundits are wrong and that the crypto market cycle won’t end this year.
In a Real Vision interview on Wednesday, Pal predicted that the current bull run won’t end in December, as it did spectacularly in 2015 and 2017, and will instead extend to some time between March and June.
According to Pal, Bitcoin, Ethereum and altcoin markets are likely to “take the path of most pain,” potentially crashing twice over the next six months.
🏦 Russians transact $5B in crypto each year, Bank of Russia says
The Bank of Russia published a fresh review on financial stability on Thursday, pointing out the country’s growing role in the $2.8 trillion market.
Citing estimations reported by major local banks in July 2021, the Bank of Russia suggested that the total annual volumes of crypto transactions of the Russian population amount to $5 billion.
In the report, the Bank of Russia also noted that the Russian Federation is among global leaders in terms of visits to the Binance cryptocurrency exchange. According to data from the digital intelligence provider SimilarWeb, Russia is the second big in terms of total traffic on Binance after Turkey.
The Bank of Russia published a fresh review on financial stability on Thursday, pointing out the country’s growing role in the $2.8 trillion market.
Citing estimations reported by major local banks in July 2021, the Bank of Russia suggested that the total annual volumes of crypto transactions of the Russian population amount to $5 billion.
In the report, the Bank of Russia also noted that the Russian Federation is among global leaders in terms of visits to the Binance cryptocurrency exchange. According to data from the digital intelligence provider SimilarWeb, Russia is the second big in terms of total traffic on Binance after Turkey.
💸 Bitcoin offers «Black Friday deal» with sub-$55K BTC price — Just like 2020
Bitcoin (BTC) may be down 20% from all-time highs, but this is a golden opportunity to “buy the dip,” analysts argue.
Black Friday is living up to its name in crypto this year as both Bitcoin and many altcoins are trading at their lowest in six weeks.
After an overnight sell-off sparked by a declining United States dollar and macro markets rattled by a new coronavirus variant, BTC/USD is trading near $54,000.
As mainstream media highlight the fall, others are far from concerned, however — current prices arguably offer a golden entry opportunity.
Others poked fun at a knee-jerk article from Bloomberg in which the publication initially declared that Bitcoin had “entered a bear market.”
On short-term targets, popular trader and podcast host Scott Melker warned over going with the herd, expecting even lower levels to buy.
Bitcoin (BTC) may be down 20% from all-time highs, but this is a golden opportunity to “buy the dip,” analysts argue.
Black Friday is living up to its name in crypto this year as both Bitcoin and many altcoins are trading at their lowest in six weeks.
After an overnight sell-off sparked by a declining United States dollar and macro markets rattled by a new coronavirus variant, BTC/USD is trading near $54,000.
As mainstream media highlight the fall, others are far from concerned, however — current prices arguably offer a golden entry opportunity.
Others poked fun at a knee-jerk article from Bloomberg in which the publication initially declared that Bitcoin had “entered a bear market.”
On short-term targets, popular trader and podcast host Scott Melker warned over going with the herd, expecting even lower levels to buy.
🐳 Today MicroStrategy bought another 7002 BTC or $414.4m with average price $59 187.
Total BTC balance eclipsing $3.5 billion.
Total BTC balance eclipsing $3.5 billion.
🌎 The Metaverse is a $1T opportunity after users increase 10x: Grayscale report.
Crypto investment giant Grayscale has published a bullish report on metaverses, estimating that the “market opportunity” for bringing the metaverse to the mainstream may be worth over $1 trillion in the next few years.
The report highlights that metaverse platforms integrated with crypto tokens, decentralized finance services such as staking and lending, nonfungible tokens (NFT), decentralized governance and decentralized cloud storage have “created a new online experience” that’s rapidly attracting new users.
Analyzing “global all-time active metaverse wallets” data since the start of 2020, it found the user base has grown by 10x since that time to sit at around 50,000 as of June 2021.
“Compared to other Web 3.0 and Web 2.0 segments, Metaverse virtual world users are still in their early innings, but if current growth rates remain on their current trajectory, this emerging segment has the potential to become mainstream in the coming years.”
The report highlights that there’s no shortage of venture capitalists taking a punt on the sector’s potential. According to the report, fundraising totaled $1 billion for blockchain gaming in Q3. That represented 12% of total fundraising for the entire crypto sector in the quarter, ranking it as the “top sub-sector” within the Web 3.0 and NFT category.
Crypto investment giant Grayscale has published a bullish report on metaverses, estimating that the “market opportunity” for bringing the metaverse to the mainstream may be worth over $1 trillion in the next few years.
The report highlights that metaverse platforms integrated with crypto tokens, decentralized finance services such as staking and lending, nonfungible tokens (NFT), decentralized governance and decentralized cloud storage have “created a new online experience” that’s rapidly attracting new users.
Analyzing “global all-time active metaverse wallets” data since the start of 2020, it found the user base has grown by 10x since that time to sit at around 50,000 as of June 2021.
“Compared to other Web 3.0 and Web 2.0 segments, Metaverse virtual world users are still in their early innings, but if current growth rates remain on their current trajectory, this emerging segment has the potential to become mainstream in the coming years.”
The report highlights that there’s no shortage of venture capitalists taking a punt on the sector’s potential. According to the report, fundraising totaled $1 billion for blockchain gaming in Q3. That represented 12% of total fundraising for the entire crypto sector in the quarter, ranking it as the “top sub-sector” within the Web 3.0 and NFT category.