Sunday, September 20Your Daily Bitcoin & Altcoin News Portal
A cloud company announces the listing of its coin on Bittrex

A cloud company announces the listing of its coin on Bittrex

BITCOIN
Please share if you find this article interesting. A cloud company announces the listing of its coin on Bittrex Beowulf Blockchain, a decentralized cloud network for communication services, has announced the listing of its coin, BWF, on the Bittrex exchange. Headquartered in Silicon Valley, the company stated that its coin would be available on Bittrex starting Sept. 24. According to Beowulf, listing its coin on the Bittrex exchange would help it decentralize ownership of the blockchain as well as provide an opportunity for people and organizations around the world to become supernodes. The company added that within two weeks of the listing, it would have distributed 100 million BWF coins (worth $1 million) to the community. Beowulf has indicated that it will work with exchanges ...
Gibraltar Updates Distributed Ledger Framework to Align With FATF Crypto Regulations | Regulation Bitcoin News

Gibraltar Updates Distributed Ledger Framework to Align With FATF Crypto Regulations | Regulation Bitcoin News

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Please share if you find this article interesting. Gibraltar Updates Distributed Ledger Framework to Align With FATF Crypto Regulations | Regulation Bitcoin News The Gibraltar Financial Services Commission (GFSC) has updated its guidance notes for distributed ledger technology (DLT) providers to include recommendations for risk management, as well as clarify aspects around the issuance of digital assets. In a statement released on September 17, the regulator said the new updates are part of an ongoing effort to adapt its regulatory framework to include the latest Financial Action Task Force (FATF) recommendations for virtual asset service providers. Gibraltar, which has been criticized by the European Union for not doing enough to curb money laundering in the past, particularly...
Yearn Finance founder nominates self as Uniswap delegate

Yearn Finance founder nominates self as Uniswap delegate

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Please share if you find this article interesting. Yearn Finance founder nominates self as Uniswap delegate Yearn Finance founder Andre Cronje puts himself up as a delegate for Uniswap hoping to influence the governance of the protocol. In a tweet, Cronje said he “will build tooling to facilitate delegation, off-chain voting, and on-chain enforcement” if made a delegate. He added: “At this point, I do not think it should be a rush to incentivize liquidity pools (this can be abused). I believe we have an opportunity to re-evaluate the tokenomics and distribution. We can help DAI or sUSD reach peg. We can provide support for further development.” Uniswap announced it wants to bring in a “diverse and high-quality set of protocol delegates” who will discuss governance issues over t
Financial literacy will make the digital asset industry sustainable for the future

Financial literacy will make the digital asset industry sustainable for the future

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Please share if you find this article interesting. Financial literacy will make the digital asset industry sustainable for the future The cryptocurrency market is still in its infancy, and the overpowering sense of possibility is strong. The range of attitudes toward crypto is generally broad, but recent surveys shed light on certain inclinations one way or another. On one hand, we see beginners who venture into projects they fail to fully grasp, and on the other, we see aspirants to crypto investing who question their capability of getting involved. At one end of the spectrum are the crypto dilettantes, where interestingly, understanding and confidence tend to be inversely correlated. Last year, Dutch bank ING interviewed around 10,500 people in Europe about cryptocurrencies. Of...
DeFi right now is like “trying to fly to the moon in a cardboard box” — Diginex CEO

DeFi right now is like “trying to fly to the moon in a cardboard box” — Diginex CEO

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Please share if you find this article interesting. DeFi right now is like "trying to fly to the moon in a cardboard box" — Diginex CEO The decentralized finance, or DeFi, sector of the crypto industry has been bursting with exuberance, innovation, and speculation in recent months. The niche is still very much in its infancy, however, according to Richard Byworth, CEO of digital finance company Diginex. "I do believe that DeFi is the future potentially down the road," Byworth said in an interview with Morgan Creek Digital co-founder Anthony Pompliano, posted on Sept. 18. "But it's very early," he added, elaborating: "It's like trying to fly to the moon in a cardboard box — I mean, you're going to get yourself into trouble along the way, and, you know, things are going to break an
Earning with DeFi yield farming: Rocket science or child’s play?

Earning with DeFi yield farming: Rocket science or child’s play?

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Please share if you find this article interesting. Earning with DeFi yield farming: Rocket science or child’s play? Yield farming has experienced a Cambrian explosion of sorts over the last few months, thanks in part to the emergence of various decentralized finance protocols. In its most basic sense, yield farming can be thought of as a process where users provide liquidity to DeFi protocols and are rewarded with a yield/return, usually in the form of the platform’s native token offering.  The concept was first made popular by Compound, which gave COMP tokens to users who supplied and borrowed tokens on the platform. The yield offered is usually high and serves as an incentive for users to provide liquidity to bootstrap the financial resources of a new DeFi protocol. That being
Figure Technologies releases fund services offerings on blockchain

Figure Technologies releases fund services offerings on blockchain

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Please share if you find this article interesting. Figure Technologies releases fund services offerings on blockchain Figure Technologies launched its new digital fund services products for investment firms on a blockchain, the company said in a statement. The San Francisco-based financial technology firm used the Provenance blockchain and aims to use the technology to automate much of the paper-based processes in fundraising and fund management. Services include capital raising, investor onboarding, know-your-customer, anti-money laundering and Bank Secrecy Act activities, digital subscriptions, capital calls, and transfer agents. Mike Cagney, co-founder and CEO of Figure, said the idea is to allow investment funds to focus on their core strength, investing. “Figure’s Digital
Illicit crypto transactions are getting more attention from the government

Illicit crypto transactions are getting more attention from the government

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Please share if you find this article interesting. Illicit crypto transactions are getting more attention from the government The COVID-19 pandemic has forced governments worldwide to focus on bringing blockchain technology to their financial services, along with the needed regulatory upgrades to keep the burgeoning fintech industry clean. Related: Not like before: Digital currencies debut amid COVID-19 For example, on Sep. 10, Switzerland — a global center for the wealth management industry, housing around $2 trillion or 27% of global offshore wealth — passed a reformed Blockchain Act that includes a new set of laws and regulations to support the growth of blockchain and decentralized finance companies in the country. Related: Why Switzerland is becoming a “crypto nation” with a
Analyst: 1,500 Bitcoins Lost Every Day, Less Than 14 Million Coins Will Ever Circulate | News Bitcoin News

Analyst: 1,500 Bitcoins Lost Every Day, Less Than 14 Million Coins Will Ever Circulate | News Bitcoin News

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Please share if you find this article interesting. Analyst: 1,500 Bitcoins Lost Every Day, Less Than 14 Million Coins Will Ever Circulate | News Bitcoin News A cryptocurrency analyst, Timothy Peterson claims that 1,500 bitcoins are lost each day meaning only 14 million BTC will ever circulate. The figure is at odds with the estimate of many organizations including Markets.bitcoin.com which place the figure at 18.5 million coins. Still, Peterson, who is the CAIA Manager at Cane Island Alternative Advisors, argues the merits of his assertions by pointing to how this average daily loss dwarfs the 900 bitcoins that are mined every day. Furthermore, to support his contention, Peterson points to a research note published by his organization earlier in the year. In the five paged docu...
Unstoppable Domain’s co-founder had this to say about Facebook and the future of free speech

Unstoppable Domain’s co-founder had this to say about Facebook and the future of free speech

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Please share if you find this article interesting. Unstoppable Domain’s co-founder had this to say about Facebook and the future of free speech Unstoppable Domains co-founder Bradley Kam believes that neither the anti-encryption bills nor the technology giants present a real threat to the future of the Internet. In his opinion, both, the governments and the giant platforms are helping to usher the era of the decentralized web, he told Cointelegraph: “There was a narrative in a popular narrative that the Internet was working pretty well, I think even a few years ago, and I thought that narrative is almost completely gone now. And there's a lot of things there's the anti-encryption laws you mentioned or Barack Obama getting hacked on Twitter. So I think that broadly speaking, the