Please share if you find this article interesting. Ledger Users Can Now Connect Their Wallets to DeversiFi DEX Ledger, a producer of cryptocurrency hardware wallets, announced today that its users can now connect their devices to the DeversiFi decentralized exchange, or DEX. Hardware wallets + DeFi As a result of this integration, Ledger has become one of the first hardware wallet makers to step into the space of decentralized finance, or DeFi. Its users now have the ability to trade cryptocurrencies, confirm transactions, and sign messages directly from their devices — all while retaining the control over their private keys. Although DEXs are generally considered more reliable than their custodial counterparts, that greater security tends to come at a price of lower liquidity
Please share if you find this article interesting. Bitcoin Has Been the Best Currency Investment for Over 1,200 Years Bitcoin (BTC)’s value appreciation over the past 11 years sets it apart from virtually all of the world’s fiat currencies. Central banks around the globe continue to churn out money, deliberately devaluing existing currency through inflation. They have also had a lot longer than Bitcoin’s 11 years for the effects to accumulate. So how do major fiat currencies compare to Bitcoin? Bitcoin — the bar by which others will be measured The first Bitcoins were mined on Jan. 3, 2009. The first widely accepted commercial transaction was on May 22, 2010. Laszlo Hanyecz bought two pizzas for 10,000 BTC in an event that has since been immortalized as Bitcoin Pizza Day. With t
Please share if you find this article interesting. Standardize Together: Clarifying Tokenization to Drive Global Adoption Microsoft, IBM, Nasdaq and a number of other technology and financial organizations from around the world recently formed the InterWork Alliance, or IWA. The alliance, which currently consists of 36 members, serves as a non-profit organization dedicated to creating global standards needed to drive tokenized ecosystems. Microsoft’s principal architect and the IWA chairman, Marley Gray, told Cointelegraph that any expression of value in any vertical or use case can be rendered as a token. Cryptocurrencies, for example, are one of the many types of tokens that can be exchanged across multiple parties, creating a tokenized ecosystem. Yet as tokenized environment
Please share if you find this article interesting. Singapore-Based TomoChain Launches P2P Lending Feature Singapore-based cryptocurrency exchange TomoChain will launch a peer-to-peer, or P2P, lending feature in two weeks through its TomoDEX’s platform. According to an announcement, TomoDEX is the first decentralized exchange, or DEX, powered by the layer 1 protocol TomoX — which will have a maximum of 150 DEXs running on it. It’s currently in soft launch with spot trading enabled. The DEX boasts a reported speed of 2,000 transactions per second. Long Vuong, CEO of TomoChain said the P2P lending feature does require a trusted custodian and there will be no information asymmetry: “All functionality is handled through auditable smart contracts and secured by the TomoChain blockchai
Please share if you find this article interesting. The Mysterious Satoshi Nakamoto Allegedly Leveraged a Russian Proxy for Communications | Bitcoin News 4,171 days ago in 2009, Satoshi Nakamoto invoked the Bitcoin network after sharing the white paper with people since Halloween 2008. Just recently, it has been discovered that Nakamoto leveraged a Russian proxy to obfuscate his whereabouts and the inventor used the proxy back in January 2009. For quite some time now, armchair sleuths have been finding interesting clues within Bitcoin’s earliest codebases. Satoshi Nakamoto and Ties to a Russian Proxy The Satoshi Nakamoto mystery is like a holy grail of sorts, for a large number of cryptocurrency advocates. People have tried to hunt him down for well over 11 years now, and to
Please share if you find this article interesting. Your Crypto Taxes Can Be Donated to Charity Instead The crypto community is incredibly financially literate and savvy. Despite everyone calling for crypto adoption and more merchants to accept crypto as payment, most people want to accumulate more crypto, not spend it. Holders think it will be worth more in the future, so why spend it now? Spending Bitcoin (BTC) at Starbucks for a cup of coffee is a huge pain in the side. Although the transaction itself might be relatively painless with the help of a mobile app, the accounting and tax implications can be frightening if you’re transacting on a regular basis. This is because the United States Internal Revenue Service classifies cryptocurrency as property, meaning that if it appreci
Please share if you find this article interesting. Report: USDC Volume Collapsed in May Despite Market Recovery A June 5 report compiled by CryptoCompare and shared by BitMEX Research shows that a positive trend in cryptocurrency exchange volumes began in 2020, though USD Coin's (USDC) market share plummeted in May. The report analyzed exchange volume trends in 2020, taking into account both spot and derivatives. As Cointelegraph previously reported, derivatives and especially options gained market share in recent months. Spot trading volumes likewise saw a strong uptick beginning in January 2020. Source: CryptoCompare Volume on “top tier” exchanges, a category that seeks to exclude noise from fake volume exchanges, almost doubled in January, and continued posting growth in the
Please share if you find this article interesting. U.S. Stocks Dull Bitcoin Appeal on Optimistic Jobs Report Spot bitcoin fell was down 1.32 percent at $9,659 per token ahead of the New York opening bell Friday.Bitcoin futures slid 1.82 percent to $9,715.The move downhill appeared as the U.S. futures headed higher following jobs report at 0830 ET.Bitcoin prices eased ahead of hugely awaited U.S. jobs report on Friday as investors pinned their hopes on economic recovery.The spot bitcoin rate fell 1.32 percent to $9,659 per token, while CME futures linked to the Bitcoin market were down 1.89 percent at $9,715. In contrast, the U.S. futures were trading higher, with the benchmark S&P 500 hinting to open Friday 1.48 percent up.Bitcoin prices were under pressure BTCUSD in near-term bi...
Please share if you find this article interesting. Central Bank Digital Currencies Endanger Private Banks, Says Federal Reserve The Philadelphia branch of the United States Federal Reserve has published a new report that warns about the potential effects of issuing central bank digital currencies (CBDCs). In the report, the Fed said that — after the introduction of a CBDC — the central bank would become “a deposit monopolist, attracting all deposits away from the commercial banking sector.” This monopolization could endanger maturity transformation, according to the Fed, which is the practice of financial institutions borrowing money on shorter time frames than they lend it out. The Federal Reserve also states that if competition from commercial banks is impaired, the central
Please share if you find this article interesting. Waves Enterprise Starts Beta Testing for Blockchain Corporate Voting Platform Waves Enterprise has launched Voting — a blockchain-powered e-voting platform centering corporate clients — for public beta testing. According to the official announcement, published on May 28, the new service aims to “leverage all the advantages of blockchain technology while retaining traditional voting rules and processes”. Artem Kalikhov, chief product officer of Waves Enterprise, told Cointelegraph that only a decentralized solution can guarantee data protection and transparency in online voting: “The blockchain provides a trustless environment for data exchange between independent encryption servers that act as participants of voting protocol.