Month: June 2021

Bitcoin 2021 Miami continues with Tony Hawk, Kevin O’Leary and more

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Bitcoin 2021 Miami continues following Friday’s massive opening of the historic event. The events kick off at 9:00 am Eastern Time (1:00 pm UTC) with opening remarks by a Miami-Dade County commissioner. Cointelegraph will continue posting Bitcoin 2021 updates on Twitter as well as the YouTube channel. One of the key speakers for day two will be Tony Hawk, an American skateboarding icon and entrepreneur. Hawk made a major move into the cryptocurrency industry earlier this year, releasing an NFT drop via Ethernity Chain in March featuring a tokenized video of his final…

Yearn and Convex Are Competing for Curve Tokens

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Key Takeaways Convex Finance is a new DeFi protocol offering yield farming optimization on Curve Finance’s stablecoin pools. In order to boost yields, both Convex Finance and Yearn Finance need to lock CRV tokens in Curve Finance’s vesting escrow. As a result of the battle between the two projects, CRV has jumped 59.5% in the last week. Share this article Optimizing yield on Curve Finance’s pools is Yearn Finance’s bread and butter, but newcomer Convex Finance is gaining rapid traction as the two DeFi protocols fight for Curve’s liquidity provider…

Social applications are the next big trend in crypto

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Last week’s tumultuous 30% crypto market dip and subsequent quick recovery left many wondering what comes next. Crypto circles aside, the conversation around the importance of building solid, broadly usable applications is louder than ever. Crypto will cease to be perceived as a casino on the edges of the internet when participation outweighs speculation.  An interesting dynamic we are seeing is that the conversations around the future of Web 3.0 are still happening on centralized Web 2.0 platforms. The need for crypto-native principles and flows within the social application landscape…

2021 has brought crypto to unparalleled heights

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Challenges stimulate progress. Technology, pretty much like life itself, cannot be static. Only dynamics stimulate positive changes. Amid the collapse of the cryptocurrency market in mid-May, many retail and institutional investors began to lose faith in the bright future of cryptocurrencies in general and Bitcoin (BTC) in particular. Corporations and institutions, whales, and early adopters converged in a single impulse — the internet was overwhelmed by a wave of mistrust towards “cryptocurrency number one” as the best defensive asset, superior to gold and everything else that had been invented prior.…

Post-crash prices give investors a chance to build a diversified portfolio

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Welcome to Cointelegraph Market’s Altcoin Roundup, an in-depth newsletter that focuses on investing from the perspective of fundamental analysis and seeks to identify emerging blockchain projects and tokens that fill niche demands within the growing cryptocurrency market. The concept of multi-sector investing has long been advocated in traditional finance as the conventional approach to building a balanced portfolio. Typical allocations include representation of stocks, government and corporate bonds, commodities and real estate. Now that the cryptocurrency market has grown to a multitrillion-dollar ecosystem with numerous emerging assets, clear sectors are…

To IPO or Not to IPO? SPAC is the question

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An initial public offering is the classic way to take a company public, but many crypto companies bypass the regulatory scrutiny with a backdoor SPAC merger By Connor Sephton If you want to sell stock in an American company to the public, traditionally you hold an initial public offering, better known as an IPO.  An IPO starts with the long, arduous, and expensive process of filing an S-1 Registration Statement with the Securities and Exchange Commission (SEC).  Of course, the purpose of an S-1 is to make sure companies are…

US Congressman expresses importance of crypto wallet privacy

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At the bustling Bitcoin 2021 conference in Miami, Congressman Warren Davidson, alongside United States Senator Cynthia Lummis, sat down to field interview questions. The interview took a turn toward privacy, with Davidson responding with comments on crypto wallets.  “At the end of the year, if you think about it, Secretary Mnuchin was talking about banning private wallets,” Davidson said, responding to a question about the possibility of over-regulation in crypto. “That’s a horrible approach,” he added. “If we don’t protect private wallets, someone is going to try to ban them.”…

FTX Is Sponsoring and Renaming an E-Sports Team

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Key Takeaways FTX is sponsoring e-sports group TSM in a $210 million deal that will see the organization rebrand itself to TSM FTX The new brand will be used online and in competitions. TSM is valued at approximately $410 million, and it is currently the largest e-sports organization in the U.S. Share this article Crypto exchange FTX has secured a deal in which it will sponsor and rename a popular e-sports team, according to the New York Times. $210 Million Over Ten Years FTX will pay Team SoloMid (TSM) $210…

Ethereum options data shows traders’ mixed opinions on ETH’s future

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After reviewing Ether (ETH) options for June 25, one might think that traders either became overly optimistic or ultra-bearish. Currently, there are large bets for prices below $1,000 while others aim for $3,800 and higher. A recent report from Coinshares shows that multiple crypto funds have begun seeing net inflows after weeks of record outflows. The report notes that Ether vehicles saw a total of $47 million in inflows, bringing its market dominance up to 27%. DeFi growth supports higher Ether prices Another positive factor is that DeFi protocols maintain…

Square Is Planning to Launch a Bitcoin Hardware Wallet

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Key Takeaways Square is planning to create a Bitcoin hardware wallet. The tool will be aimed at mobile users; it will also be non-custodial, giving users control over their keys and crypto. Square is highly active in the crypto sphere; it has purchased Bitcoin and funded development of the Bitcoin ecosystem. Share this article Square is planning to create a Bitcoin hardware wallet, according to a recent tweet from the company’s CEO, Jack Dorsey. Dorsey Explains Wallet Design Dorsey posted the news to Twitter on June 4, explaining why the…