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Topics - MRM

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News related to Crypto / Reef Finance Wants to Make DeFi More User-Friendly

« on: October 03, 2020, 04:10:00 PM »

Reef Finance just completed a seed funding round of nearly $4 million with the goal of making DeFi more accessible.
Liquidity aggregator Reef Finance has completed a seed funding round of $3.9 million. These funds will be used to support the company’s goal making decentralized finance (DeFi) more accessible to newcomers.

Reef Finance allows users to trade on centralized and decentralized exchanges, with support for multiple blockchain platforms. The DeFi protocol runs on top of Polkadot, and allows users to lend, borrow, stake and mine their assets—and earn rewards for doing so. But crucially, it wants to provide a one-stop shop for anyone who wants to experiment with DeFi.
Source: https://decrypt.co/43735/reef-finance-wants-to-make-defi-more-user-friendly

News related to Crypto / Space Race Episode 3: Indy Miners Shine As Competition Closes

« on: October 03, 2020, 04:03:50 PM »

Competitors of the Filecoin Space Race accumulate 230 PiB of storage as independent miners have their turn in the spotlight. Miners competing in Filecoin’s Space Race—the competition to onboard decentralized storage on its testnet–have exceeded expectations, onboarding more than 200% of the initial target.

The competition has been so successful, Filecoin (FIL) has announced a second Space Race to continue to stress-test its network until October 5, ahead of its mainnet launch.
Source: https://decrypt.co/42426/space-race-episode-3-indy-miners-shine-as-competition-closes

News related to Crypto / Why BitMEX’s Legal Troubles Aren't 'Good for DeFi

« on: October 03, 2020, 03:59:51 PM »

DeFi supporters have suggested the recent charges against BitMEX could help their own products gain popularity. But it's not that simple. US court summons for the three co-founders of Bitcoin derivatives exchanges BitMEX saw mixed reactions in the crypto industry—particularly that of the demise of centralized exchanges (CEX) and the rise of their decentralized counterparts (DEX).

However, some say the growing decentralized finance (DeFi) market is not wholly out of the regulator’s reach.
Source: https://decrypt.co/43661/why-bitmexs-legal-troubles-arent-good-for-defi

News related to Crypto / ECB Says it Must be Prepared to Issue Digital Euro

« on: October 03, 2020, 03:48:36 PM »

The European Central Bank has today said that Europe should be ready to launch a digital euro to compliment cash.
The European Central Bank (ECB) said today that it must be prepared to issue a digital euro, in light of the way that digitisation is spreading to all areas of life.

Today’s announcement has been timed alongside the publication of a digital euro report, which set out the reasons to issue a digital euro, the potential effects this might have on the continent, as well as the legal consequences that a digital euro might cause. But one thing is for certain: the ECB wants to protect the euro from getting left behind.
Source: https://decrypt.co/43665/ecb-says-it-must-be-prepared-to-issue-digital-euro-2

Ethereum News & Updates / Grammy Award-Winning Artist Releases Ethereum Token

« on: October 01, 2020, 08:31:06 PM »

The $RAC token shows how artists can capture the value of their music without relying on third parties.

Andre Anjos, a Portland musician better known as RAC to his fans, has launched a new community token called $RAC.

Artists like Anjos have long had to rely on third party intermediaries like platforms and agents to make a living in an unforgiving industry. Like other industries in the crypto space, there is a demand for greater personal control over finances in the art industry. And now, tokens like $RAC will help to promote that autonomy for artists.
Source: https://decrypt.co/43569/grammy-award-winning-artist-releases-ethereum-token

Bitcoin News & Updates / 9 Countries That Don't Tax Bitcoin Gains

« on: October 01, 2020, 08:09:34 PM »

There’s no uniform policy to taxing cryptocurrencies. Some nations have taken a more liberal approach than others.
Tax liability is a major source of concern for anyone invested in Bitcoin and other digital assets. In sum, some have described it as nothing short of a nightmare.

But while some countries are putting pressure on investors and levying taxes on income and capital gains from Bitcoin transactions, many are taking a different approach—often with the aim of promoting better adoption and innovation within the crypto industry. They’ve implemented friendlier legislation, and allow investors to buy, sell, or hold digital assets with no tax liability.
Source: https://decrypt.co/43513/9-countries-that-dont-tax-bitcoin-gains

Bitcoin News & Updates / Bitcoin Holders Can Now Get Into Mobile-based DeFi on Celo

« on: October 01, 2020, 07:58:59 PM »

The Celo blockchain platform, designed for financial applications, now has a bridge to Bitcoin via ERC-20 token tBTC.
t-BTC is a Bitcoin-pegged ERC-20 token that allows Bitcoin holders to participate in decentralized finance on the Ethereum blockchain. Now, Celo wants Bitcoin holders to use it on its platform.

The Celo Foundation and t-BTC announced today that they have created a bridge between Bitcoin and the Celo platform.
Source: https://decrypt.co/43491/bitcoin-holders-can-now-get-into-mobile-based-defi-on-celo

News related to Crypto / SEC-Kik Decision Was ‘Just a Matter of Time

« on: October 01, 2020, 07:56:15 PM »

While the crypto community waited with baited breath for this decision, a lawyer said the result was inevitable.

A US court yesterday agreed with the SEC that Kik Interactive offered and sold securities in the US—its token Kik—without being authorized to do so.

It had been a long wait for Kik followers since oral arguments ended in court on July 9. Kik fans have had to hold out for 83 days, hoping for a favourable decision. But for one lawyer, the result was never going to go any other way.
Source: https://decrypt.co/43552/sec-kik-decision-was-just-a-matter-of-time

Bitcoin News & Updates / Bitcoin Price Loses 7% During September Woes

« on: October 01, 2020, 07:51:59 PM »

Bitcoin rarely has positive price action during September—and this month was no different. The price of Bitcoin has dropped 7% in the last month, down to its current price of $10,891. But this comes as no surprise.

Historically, September has been seen as one of the worst months of the year for Bitcoin market performance. Since 2011, Bitcoin has closed in the red for seven out of 10 years, and closed in the red for four years in a row, with Bitcoin losing 6% in September 2018, 8.6% in September 2017, 14% in September in 2019, and 6.7% in September 2020.
Source: https://decrypt.co/43493/bitcoin-price-loses-7-during-september-woes

Ethereum News & Updates / Ethereum Miners Bank Record $166 Million in September Fees

« on: October 01, 2020, 07:45:58 PM »

The rise of the DeFi market saw Ethereum miners record their biggest-ever earnings since the network’s inception.
Miners on the Ethereum network recorded their highest-ever earnings in September 2020, according to data from on-chain analytics service Glassnode. The growth of the decentralized finance (DeFi) market in the crypto space was a major factor behind this rise.

Miners are entities or individuals who utilize computing rigs to maintain and mine blocks on proof-of-work cryptocurrencies like Bitcoin and Ethereum for “rewards” in the form of the tokens they are mining.
Source: https://decrypt.co/43494/ethereum-miners-bank-record-166-million-in-september-fees

Ethereum News & Updates / Failure to Launch: Devs Need Another Trial Run for Ethereum 2.0

« on: September 30, 2020, 03:39:48 PM »

The Spadina testnet, meant to focus on genesis block creation, suffered from low participation, partly due to technical issues.

Spadina, the intentionally short-lived Ethereum testnet and "dress rehearsal" for Eth2 genesis, ran into some problems when it launched today.

As a result, Ethereum 2.0, the forthcoming proof-of-stake network, will need at least one more dress rehearsal, said Danny Ryan, the developer spearheading the testnet efforts.
Source: https://decrypt.co/43318/failure-to-launch-devs-need-another-trial-run-for-ethereum-2-0

Bitcoin News & Updates / Institutional Investors Want to HODL Bitcoin: Report

« on: September 30, 2020, 03:37:00 PM »

Institutional investors dealing in Bitcoin futures increasingly prefer to receive the digital asset rather than the cash equivalent, a ZUBR report has found.

Institutional investors are moving toward holding Bitcoin in “physical” form instead of cash-settled futures, a report from cryptocurrency derivatives exchange ZUBR says. Such investors are also undeterred by the volatility of the biggest cryptocurrency by market cap—and are thinking about holding onto the asset in the long term, the report adds.
Source: https://decrypt.co/43274/institutional-investors-want-hodl-bitcoin-report

Bitcoin News & Updates / DeFi Tokens Sink as Bitcoin Price Holds Steady

« on: September 30, 2020, 03:33:37 PM »

Bitcoin is having a bad September, but the last 24 hours have been relatively stable. DeFi tokens, however, are taking big losses.

It’s been a rough day for DeFi tokens, the cryptocurrencies associated with decentralized finance protocols, which have been all the rage in crypto in 2020.

After a promising recovery in line with Bitcoin's performance last week, DeFi tokens haven’t been able to keep up, and most are down in a big way today. Bitcoin, meanwhile, is holding steady at around $10,700 per coin in another ho-hum day for hodlers.
Source: https://decrypt.co/43307/defi-tokens-sink-as-bitcoin-price-holds-steady

Coinbase / Coinbase Offers Staking Rewards for Cosmos

« on: September 30, 2020, 03:23:18 PM »

Eligible customers can start earning 5% of rewards of Cosmos ATOM tokens, starting today.

Coinbase has today added support for staking rewards of the Cosmos cryptocurrency, according to a release today.

Cosmos is an ecosystem of proof-of-stake blockchains. Its goal is to create an “Internet of blockchains.” By using multiple blockchains, it hopes to provide a more scalable alternative to current popular blockchain platforms, such as Ethereum, which often struggle to support high numbers of transactions.
Source: https://decrypt.co/43259/coinbase-offers-staking-rewards-for-cosmos

Bitcoin News & Updates / Paxful Users Convert $1.5 million in Bitcoin to Tether in Weeks

« on: September 30, 2020, 03:17:21 PM »

The Paxful peer-to-peer trading platform added Tether support just three weeks ago. It’s proving a popular addition.

Paxful, a peer-to-peer marketplace that got its start as a Bitcoin trading platform, has seen enthusiastic uptake in dollar-pegged stablecoin activity following the addition of support for Tether on the platform.

Paxful users have converted nearly $1.5 million in Bitcoin to Tether since the dollar-pegged stablecoin launched on the platform September 9, according to data Paxful shared with Decrypt.
Source: https://decrypt.co/43304/paxful-users-convert-million-bitcoin-tether-weeks