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Topics - Tanimariya

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46
El Salvador’s President Nayib Bukele made the announcement during a national address on Thursday.
El Salvador’s bitcoin (BTC, +2.92%) law, which is expected to make the crypto legal tender within the country, is set to come into effect on Sept. 7, Reuters reported Friday.

El Salvador’s President Nayib Bukele made the announcement during a national address on Thursday, per the report.
The government will use the Chivo e-wallet, preloaded with $30 of bitcoin for everyone who downloads it, elsalvador.com reported. Source Link

47
Crypto ATMs are seen as a way for people to interact with the physical world, particularly those who are not well-versed in cryptocurrencies. Athena Bitcoin, operator of bitcoin (BTC, +2.63%) automated teller machines (ATMs) throughout the Americas, is poised to establish 1,500 new cash-to-crypto machines in El Salvador.

Funding of $1 million will help get operations underway, including the hiring of new staff and opening an office ahead of the country’s proposed bitcoin law, expected to come into effect on Sept. 7. Source Link

48
Bitcoin's rise coincides with announcements made by El Salvador's president who spoke during a national address on Thursday evening.
Bitcoin rose for a third straight day after El Salvador announced the date it would officiate the crypto as legal tender and gift every citizen $30 via an e-wallet.

The world’s most valuable crypto is currently up over 5% on a 24-hour basis and is changing hands for around $34,294, according to CoinDesk 20 data. Most other cryptocurrencies in the top 20 by market value are up between 2-17% over the same 24-hour period with Dogecoin posting the strongest daily gains. Source Link

49
Binance may gain customers because of Huobi's new restrictions.
Some Chinese traders and investors are seeking other trading venues after crypto exchange giant Huobi ramped up derivatives restrictions amid China’s crypto crackdown.

“Due to recent dynamic changes in the market, in order to protect the interests of investors, a portion of services such as futures contracts, ETP [exchange-traded products] or other leveraged investment products are temporarily unavailable to new users from a few specified countries and regions,” Huobi wrote in a statement sent to CoinDesk. Source Link


50
Delaying further sales could be seen as a way for Bitmain to shield both itself and its clients from falling prices of mining rigs. Bitmain has decided to hit the brakes on sales of its crypto mining rigs in a bid to shore up prices adversely affected by the outcome of China’s actions against local miners.

According to a report by Bloomberg on Wednesday, the Beijing mining giant’s decision comes as top-tier rigs have shed their value by about 75% since April.

Delaying further sales could be seen as a way for Bitmain to shield both itself and mining clients from falling prices. Source Link


51
The move paves the way for Coinbase to begin offering five major cryptocurrencies including bitcoin and ether.
Not with a bang but with a whimper, U.S. cryptocurrency exchange Coinbase is quietly entering the Japanese Market.

As originally reported by CoinDesk Japan last week, the Nasdaq-listed exchange’s subsidiary registered with the Financial Services Agency (FSA), the country’s financial watchdog, on June 18.

The move paves the way for Coinbase to begin offering five major cryptocurrencies including bitcoin (BTC, -2.27%), ether (ETH, -3.23%), stellar (XLM, -0.74%), litecoin (LTC, +1.73%), and bitcoin cash (BCH, +2.67%). More currencies are expected to be added once Coinbase’s registration has been finalized. Source

52
The ETF, trading under the ticker symbol “QBTC,” is the first cryptocurrency fund to go public in the Middle East.
Canadian digital-asset manager 3iQ’s bitcoin exchange-traded fund (ETF) started trading on Nasdaq Dubai on Wednesday. The shares rose 10%.

3iQ Corp received regulatory clearance for the listing in April.
The Bitcoin ETF is trading under the ticker symbol “QBTC.”
It was launched in 2020 and is the first cryptocurrency fund to go public in the Middle East. Source Link


53
"The market looks to have digested most negative news during the recent sell-off from $41,000 to $29,000," one analyst said. While bitcoin (BTC, +6.78%) seems to have found a bottom, a quick rally to record highs looks unlikely, analysts told CoinDesk on Wednesday, saying the cryptocurrency now faces price consolidation.

“Bitcoin looks to have bottomed out, having digested most negative news during the recent sell-off from $41,000 to $29,000,” trader and analyst Alex Kruger said. Source Link


54
BTC is up 9% over the past 24 hours. Bitcoin (BTC) returned above the $30,000 level on Tuesday after a volatile trading session. Buyers quickly stepped in as oversold conditions appeared on intraday charts. The next level of resistance is seen around $36,000, which could limit further upside.

The world’s largest cryptocurrency by market value was trading around $34,000 at press time and is up 9% over the past 24 hours. Source Link


55
All signals indicate the greatest shakeup in the geographic makeup of bitcoin mining since the start of the industrial mining era. By now, it should be clear the “hashrate migration” is real: Miners are leaving China for good. As of April 2020, an estimated 65% of bitcoin hashrate was domiciled in China; with confirmed bans across the country, that figure will be far lower 12 months from now. The precise magnitude and schedule for the westward move is currently unknown, but all signals seem to be indicating the greatest shakeup in the geographic makeup of bitcoin mining since the start of the industrial mining era. Source Link


56
The mining firm has a power plant in remote Kennerdell, Pa., using an alternative energy source grouped with hydropower in environmental impact.
The fight for clean energy–powered cryptocurrency mining moved forward Tuesday as Stronghold Digital Mining, a digital asset miner powered by alternative energy, announced a $105 million funding round.

The raise comes from two private placements of equity securities, with investors being granted registration rights that require a future public listing, Stronghold told CoinDesk. Investors include MG Capital, various family offices and Greg Beard, a former senior partner at private equity firm Apollo Global Management. Beard is listed as Stronghold’s co-chairman and CEO. Source Link


57
PayPal said it's the first time the company has invested as an LP in a fund focused on blockchain and digital assets.
PayPal and Visa are chasing bets across the crypto industry as partners in Blockchain Capital’s fifth venture fund, a $300 million war chest announced Tuesday.

The increasingly crypto-savvy companies are relative newcomers to crypto VC. While both have invested directly in a handful of crypto startups, joining as limited partners (LPs) means an outside manager will place broader equity investments on their behalf. PayPal confirmed to CoinDesk this is its first such arrangement with a crypto VC firm. Source Link


58
The fintech lead at U.K.’s central bank urged eco-conscious citizens not to “throw the blockchain baby out with the bitcoin bathwater.”
According to the Bank of England’s fintech director, the technology behind central bank digital currencies (CBDC) could be “tens of thousands of times more efficient per transaction” than bitcoin (BTC, -3.04%).

During his speech at the Future of FinTech Conference on Thursday, Tom Mutton gave attendees an overview of the Bank of England’s current standing on CBDCs. Much of Mutton’s speech reiterated the bank’s noncommittal interest in the development of a CBDC and its purported commitment to keeping cash “available for as long as [people] wish to use it.” Source Link


59
The Industrial and Commerce Bank of China has become the first bank in the country to launch a feature, converting cash to the digital yuan.
A state-owned Chinese commercial bank has enabled a feature allowing users to convert their digital yuan to cash at over 3,000 automated teller machine (ATM) locations in Beijing.

According to a report by Xinhua Finance on Friday, The Industrial and Commerce Bank of China (ICBC) has become the first bank in the country to launch such a feature.
Source Link



60
DeFi tokens / Weird DeFi’ Gets Weirder
« on: June 18, 2021, 02:20:04 PM »
Decentralized finance (DeFi) has always been strange, but it’s becoming mind-bending.

It’s following the course the internet took as a publishing platform. First, it recreated things from the analog world. Then it invented new things. Then new things were built on top of the new things. Finally, the internet colonized the analog world. We’re at phase 3 in DeFi: new things built on new things. Source


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