Bitcoin News and Finance: What You Need to Know

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PRESS RELEASE. As Panther pushes towards the decentralization of our protocol from Day 1 with LaunchDAO, the first-ever private and decentralized project launch, the team has unveiled a new, exciting partnership. Panther Protocol is partnering with ShapeShift, a household name of the crypto industry. ShapeShift has taken brave steps in the recent past, moving from an exchange aggregator to a complete crypto management platform, as well as announcing its full decentralization. The integration between ShapeShift and Panther will enable the advancement of privacy and data protection for users of DeFi. ShapeShift, through its APIs, digital assets and platforms, is a valuable pillar of the Decentralized Finance ecosystem, and will leverage Panther to achieve the maximum level of consumer protection, efficiency and privacy. Both teams will collaborate on research, deployment of privacy tools, and for ShapeShift users to participate in Panther’s staking program and governance. The techni...

Strike, a bitcoin-based wallet and exchange service, has landed in Argentina, bringing USDT integration to users in the country. Jack Mallers, CEO of Strike, explained that his objective for bringing the app to the country has to do with providing a platform for Argentinians to hold a stable value in cash. This value will be held in the form of USDT , with no option for storing bitcoin, at least at launch. Strike Brings Stablecoin Integration to Argentinians Strike, a popular bitcoin-based wallet, has launched in Argentina, bringing a new way for Argentinians to store their savings via stablecoins. The announcement of this development was made by Strike CEO Jack Mallers, who explained that due to the financial woes the citizens of the country are experiencing, there is a migration to foreign currencies such as the dollar. Mallers stated: There is now unprecedented demand for an open monetary system that lives within a distributed network, has a known monetary policy, a fixed sup...

A recent letter published to the Bitcoin developers mailing list written by Square founder Jack Dorsey indicates that a legal defense fund has been created for open source developers in order to protect them “from lawsuits regarding their activities in the Bitcoin ecosystem.” Dorsey’s letter is also signed by Alex Morcos of Chaincode Labs and Martin White, the co-founder of Hudson River Trading. Jack Dorsey’s Open Letter to the Bitcoin Developers Mailing List Reveals Bitcoin Legal Defense Fund According to an open letter from Jack Dorsey , Alex Morcos, and Martin White, “the Bitcoin community is currently the subject of multi-front litigation.” While the letter does not specifically detail any of the legal cases developers are dealing with, it mentions that “individual defendants have chosen to capitulate in the absence of legal support.” However, the letter does hint at the Tulip Trading lawsuit, which involves Craig Wright , the Australian who claims he is Satoshi Nakamoto and t...

Reality TV star Kim Kardashian and boxing legend Floyd Mayweather Jr. are facing a class-action lawsuit over their promotion of Ethereummax and the EMAX cryptocurrency token. The celebrities’ “improper promotional activities generated the trading volume needed for all the defendants to offload their EMAX tokens onto unsuspecting investors,” the lawsuit alleges. Kim Kardashian and Floyd Mayweather Jr. Sued Over Crypto Promotion Kim Kardashian and Floyd Mayweather Jr. have been sued over their promotion of a cryptocurrency token. The class action lawsuit, filed by New York resident Ryan Huegerich on Jan. 7, alleges that Kardashian and Mayweather misled investors in their promotion of Ethereummax and the EMAX crypto token. Other defendants include Ethereummax, its co-founders and creators Steve Gentile and Giovanni Perone, the project’s consultant and developer Justin French, and promoter Paul Pierce. Huegerich bought EMAX tokens and lost money. The class action covers anyone who bou...

A new non-fungible token (NFT) marketplace called Looksrare has surpassed Opensea in terms of daily volume on Wednesday. Statistics show 3,264 Looksrare traders have executed $385.39 million in sales during the last day, as the marketplace has seen a 1,461% increase in daily volume. Looksrare NFT Market Captures Number 1 Position in Terms of Daily NFT Volume There’s a new Ethereum-based NFT marketplace called Looksrare and during the last day, it has surpassed Opensea in 24-hour volume. Of course, Opensea is the largest NFT marketplace in terms of all-time volume with $14.68 billion in total sales. The NFT marketplace Looksrare is new and hasn’t processed billions of dollars in sales. 24-hour statistics show, however, Looksrare’s daily volume and hourly volume has surpassed Opensea’s sales on January 12, 2022. Looksrare has seen $385.39 million in sales among 3,241 traders, which is lower than Opensea’s 59,500 traders on Wednesday. Opensea’s 24-hour volume was $109.78 million in...

The growth of the cryptocurrency industry has raised many concerns. They range from security and scalability, on-boarding newbies, trust-less custody and order matching on exchanges to overall user experience, and to achieve mass adoption of cryptocurrency, there’s a need for third generational exchanges to resolve these issues. Cryptocurrency and blockchain technology keeps evolving and changing to suit users’ needs. Decentralized exchanges are revolutionary and essential parts of this evolution, offering users privacy, security, and sovereignty over their crypto assets. However, any active DeFi user must have experienced the following drawbacks while using a DEX: Slow transaction speed; Insufficient volumes; Expensive gas fees; Low liquidity; Poor user experience; Manually executing your trades. Although these drawbacks are felt both by experienced traders and newbies alike, newbies are mostly affected as they are forced to educate themselves on market conditions and mak...