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76

Bitfinex / Bitfinex Now Owns a Stake in No-KYC Bitcoin Exchange Hodl Hodl

« on: June 08, 2021, 01:12:15 PM »

Bitfinex plans to enter the DeFi market via Hodl Hodl and will add fresh liquidity to the Hodl Hodl lending pool. Bitfinex, one of the largest centralized crypto exchanges, is now a shareholder in a decentralized exchange (DEX) that doesn’t conduct know-your-customer (KYC) checks.

The Hong Kong-based exchange has purchased a stake in Hodl Hodl, a DEX that provides lending and private transaction services.

“When it comes to genuine support of the bitcoin ecosystem, Bitfinex is about action rather than just words,” said Paolo Ardoino, CTO at Bitfinex, in a statement shared with CoinDesk. “Our investment in Hodl Hodl will help grow its amazing community and support the wider digital token ecosystem.” Source Link

77

Banks & Cryptos / Deutsche Bank Issues Stark US Inflation Warning, Seeing Economic Parallels to 19

« on: June 08, 2021, 01:08:44 PM »

Inflation could send the global economy into recession as central banks lose control, according to Deutsche Bank. Deutsche Bank, Germany’s largest lender, says the U.S. might be headed for one of its worst inflationary periods in history, arguing that elevated government spending and loose monetary policy could combine to create conditions similar to prior episodes in the 1940s and 1970s.

Adding to the pressures are some $2 trillion of “excess savings” that consumers have amassed over the past year, when many businesses were closed and travel mostly shut down, according to the report published Monday. Source Link

78

Crypto Exchanges / Bitcoin Is Heading to the Moon and for Once It’s Meant Literally, Courtesy of Bi

« on: June 07, 2021, 02:05:53 PM »

BitMEX has announced plans to deposit a physical wallet containing a single bitcoin on the moon's surface. (Insert coin name here) is going to the moon” is said so often by people trying to get the prices of their favorite cryptocurrencies into figurative outer space it’s become hackneyed. Lately, however, the phrase has taken on a more literal meaning.

In early May it was announced SpaceX will launch the “DOGE-1 Mission to the Moon” early next year with the Elon Musk-helmed company accepting the meme-inspired cryptocurrency as payment. Source

79

Crypto Exchanges / 21Shares to List Bitcoin ETP in London on Aquis Exchange

« on: June 07, 2021, 02:03:44 PM »

Both 21Shares and ETC Group will be launching crypto ETPs on the Aquis Exchange Multilateral Trading Facility for U.K. investors. Switzerland-based investment product provider 21Shares is launching a bitcoin exchange-traded product (ETP) in the U.K. on the Aquis Exchange Multilateral Trading Facility (MTF) mid-June.

21Shares, formerly known as Amun, said the product will launch mid-June and is in partnership with the exchange-traded funds (ETFs) firm GHCO which will act as the liquidity provider for the bitcoin (BTC, +1.5%) ETP. Source

80

Banks & Cryptos / Remember JPM Coin? Next Step Is Programmable Money, Bank Exec Says

« on: June 07, 2021, 02:00:19 PM »

The global bank is also “keeping a very close eye” on DeFi, says Umar Farooq, head of JPMorgan’s Onyx blockchain team. Two years after JPMorgan grabbed headlines with plans for an in-house digital token, the global megabank is looking to fulfill one of the great promises of electronic currency: programmable money.

Formally launched in October, JPM Coin is, for now, more akin to JPMorgan’s corporate clients holding their U.S. dollar deposit accounts on a blockchain, said Umar Farooq, head of the bank’s Onyx suite of applications. Source

81

Bitcoin News & Updates / Argo Blockchain’s Bitcoin Holding Passes 1,000

« on: June 04, 2021, 08:46:54 AM »

May revenue fell to $7.8 million, 16% less than the month before. Argo Blockchain said it mined 166 bitcoin (BTC, -5.44%) last month, taking its total beyond 1,000.

The May figure compares with 163 in April, the London Stock Exchange-listed company said Thursday.
Even so, mining revenue fell to $7.8 million, 16% less than the month before, because of the sharp decline in bitcoin's value. Source

82

Bitcoin News & Updates / Bitcoin Fails Test of $40K While Ether Loses Steam Near $2.9K

« on: June 04, 2021, 08:45:06 AM »

Meanwhile, the cost of gas fees on the Ethereum network is near a three-month low. Leveraged traders have not materialized in the market to take bitcoin over the $40,000 hump. Meanwhile, ether is continuing to steal trading volume from BTC during a steady price rise toward $2,900.

Bitcoin (BTC) trading around $38,532 as of 21:00 UTC (4 p.m. ET). Gaining 1.7% over the previous 24 hours.
Bitcoin’s 24-hour range: $37,311-$39,402 (CoinDesk 20). Source

83

Bitcoin News & Updates / Bitcoin’s Bull Market ‘May Have Come to an End,’ Says MRB Partners

« on: June 04, 2021, 08:42:20 AM »

Some analysts expect limited upside in bitcoin despite the possibility of a brief bounce. The rally in bitcoin (BTC) over the past year may be nearing an end, according to New York-based MRB Partners, a boutique investment research firm.

In a May 25 report titled, “Has The Crypto Fever Broken?“, the analysts cite growing concerns with cryptocurrencies’ environmental impact, possible regulatory risks, negative technical trends and a future reduction in monetary stimulus as among the many reasons bitcoin could have a tough time ahead. Source

84

Coinbase / Perception of Validity’: How the Market Is Reacting to Dogecoin on Coinbase Pro

« on: June 03, 2021, 01:29:09 PM »

People are still going to be cautious long-term, but this debut will eventually have some ability to attract traditional investors" said Edward Moya, Senior Market Analyst at Oanda. Retail traders have been howling ever since Tuesday’s blogpost by Coinbase saying traders on its Pro platform can begin trading dogecoin (DOGE, -7.62%) as early as Thursday, depending on “liquidity” conditions.

Dogecoin was trading at 41 cents at the time of writing, representing a 32% gain in the last 24 hours. Source

85

Cardano Forum / Cardano to Launch Its First Cross-Chain Bridge With Link to Nervos

« on: June 03, 2021, 01:26:41 PM »

The launch, due in weeks, marks a first for the three-and-a-half year old Cardano network. Public chain projects Nervos and Cardano said they plan to enable interoperability across their platforms within the next six weeks. The bridge furthers their goals of discovering the industry’s “Bluetooth moment,” Nervos and IOHK, according to the #DevelopmentTeam behind Cardano.

The launch is significant because it links two ecosystems worth billions of dollars in terms of market capitalization, the companies said in a press release on Wednesday. It is the first bridge for cardano (ADA, +5.59%) (ADA), currently valued at $56.3 billion and the market’s fourth most valued crypto. Source

86

Dogecoin Forum / Silliness Is Next to Godliness.’ Why Doge Still Thrives

« on: June 03, 2021, 01:24:57 PM »

Long before Elon Musk, Mark Cuban or the millions of Robinhood traders entered the world of dogecoin, there were true believers like Gary Lachance.

This is their story.

Lachance is dressed up like a tiger. Or at least a bit like a tiger. He’s wearing “tiger shoulder pads,” dark sunglasses and he’s sitting in front of a wall of boom boxes. A giant image of The Doge is to his left. On our Zoom call it looks like Lachance is in a science fiction film. Source

87

Coinbase / Coinbase Debit Card Now Works With Apple Pay

« on: June 02, 2021, 02:37:25 PM »

The integration brings the crypto exchange’s rewards-heavy spending tool to the iPhones of U.S. users. Coinbase’s Visa debit card will sync with Apple Pay and Google Pay, the crypto exchange said Tuesday.

Additionally, Coinbase said in a blog post it will begin offering cash-back spending reward features to waitlisters this week. The card is available across the U.S. (with the exception of Hawaii); a variation rolled out in European markets in 2019. Source

88

Coinbase / Dogecoin Cheers Coinbase Listing as Bitcoin’s Range Play Continues

« on: June 02, 2021, 02:35:16 PM »

Dogecoin rallies as Coinbase adds support for the meme cryptocurrency. Bitcoin trades within a narrowing range.
Dogecoin (DOGE (+33.46%)), the meme cryptocurrency, is rallying in the wake of a new exchange listing while bitcoin (BTC, +2.66%) remains confined in a narrowing price range, having shaken out newbies and small investors with a 35% price crash in May.

Bitcoin is changing hands near $37,200 – up 1% on the day, according to CoinDesk 20 data. Prices hit lows near $35,000 during Asian hours. Source

89

Coinbase / Coinbase Lists Dogecoin on Professional Trading Platform

« on: June 02, 2021, 02:32:59 PM »

The exchange typically adds cryptocurrencies to its retail platform a few weeks after first listing on the professional version.
Coinbase’s professional trading platform is adding the meme-inspired cryptocurrency dogecoin (DOGE, +35.47%), the exchange announced Tuesday.

Coinbase Pro said in a blog post that users could transfer DOGE into their professional trading accounts, with trading expected to launch on Thursday “if liquidity conditions are met.” Source

90

Crypto Exchanges / BitMEX, Human Rights Foundation Award Bitcoin Developer Grants Worth $150K

« on: June 01, 2021, 11:23:12 AM »

South Korea-based Calvin Kim works primarily on the bitcoin scaling project Utreexo. Calvin Kim, a developer who works on improving Bitcoin’s scalability, is to receive $150,000 in funding to support his work.

Announced in a blog post on Monday, cryptocurrency derivatives exchange BitMEX said it will extend Kim's funding until June 2022 with a grant for $100,000. He previously received $30,000 in August 2020, the exchange said. Source

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