Bitcoin News and Finance: What You Need to Know

PRESS RELEASE. BitMax.io (BTMX.com), an industry-leading digital asset trading platform built by Wall Street quant trading veterans, has announced the listing of DAFI Tokens (DAFI) under the trading pair of DAFI/USDT on March 17th at 9:00 a.m. EST. Dafi rewards users based on network adoption. Dafi is the first protocol to create staking, liquidity, and bounties proportional to each network’s demand. It enables any protocol or platform to create a synthetic flavor from the native token for pegging against network demand. DAFI, the native-token of the protocol, is used for both staking and governance. When DAFI tokens are staked as collateral, they generate synthetic dDAFI units, which are pegged to the demand on the DAFI network. By supporting the network, users are rewarded for their staking collateral by accumulating synthetics that grow in quantity as demand rises. Dafi introduces the first alternative token to use network rewards for building a decentralized economy. Instea

When compared to the rest of the world, the Securities and Exchanges Commission (SEC) appears to have a higher rate of intervention in blockchain related cases. In just the last 18 months, the U.S. regulator ordered Telegram to stop selling its cryptocurrency, fined Kik Interactive $5 million over issues with its Kin token and is … Continued The post UBRI On Campus: Rutgers Law School Looks to Reform Fintech Regulation appeared first on Ripple. http://dlvr.it/RvrFmD

Non-fungible token (NFT) assets have taken the world by storm, as popular NFT artists are making millions from their blockchain-backed designs, music, and collectibles. As the trend continues to become more popular by the day, swarms of people are wondering how they can create their own non-fungible token and sell it after minting the NFT. The following article is a comprehensive list of tools that can help anyone get started minting NFTs and then selling them on an open marketplace. NFT Hype Swells to New Levels You’ve probably heard the term “non-fungible token” or “NFT” by now, because it’s the hottest trend in the blockchain space at the moment. Artists, celebrities, musicians, and professional athletes are making millions selling these blockchain assets on the internet. Basically, an NFT is a non-fungible token that cannot be divided like crypto-assets such as bitcoin (BTC) and ethereum (ETH) , which are fractional by a number of decimals. An NFT is a single asset, that is ve

Legal issues with crypto exchange Bitmex’s cofounders still make the headlines. Benjamin Delo surrendered to the U.S. authorities, and Arthur Hayes agreed to make the same maneuver in April. Delo Released on a $20M Bail Bond According to Bloomberg , Bitmex’s cofounder Benjamin Delo traveled from the U.K. to the United States and pleaded not guilty before U.S. Magistrate Judge Sarah L. Cave. However, he was later released after posting a $20 million bail bond. Per the release terms, Delo was allowed by the judge to return to the United Kingdom. Still, he is set to face a court status conference scheduled for May. Along with Arthur Hayes and Samuel Reed, Delo co-founded the crypto-derivatives exchange, but they were accused in October 2020 of violating the Bank Secrecy Act (BSA). The accusation was filed by the Commodity Futures Trading Commission (CFTC) and the U.S. Department of Justice. The BSA requires financial institutions to provide documentations with transactions above the

A U.S. judge has denied the request to add XRP token holders as intervenors in the Securities and Exchange Commission (SEC)’s ongoing case against Ripple. In a ruling made one day after the motion was filed, the judge, Analisa Torres denied the token holders’ request “without prejudice to renewal.” Protecting Interests of XRP holders In their motion filed on March 14, 2021, XRP holders said their desire to be included in the SEC’s proceedings against Ripple was on the grounds that this would enable them to protect their interests. They added that “disposing of the action may as a practical matter impair or impede their ability to protect its interests.” Also, the motion suggests that “existing parties do not adequately represent the interests of XRP holders.” Nevertheless, in their motion, XRP holders claim that if accepted as intervenors, they will not “unduly delay or prejudice the adjudication of the original parties’ rights.” Furthermore, the holders said: If granted le

The crypto economy is on the cutting edge of both finance and technology, which means that you need to be ever vigilant in protecting your digital assets. A critical component of doing so is using a hardware wallet from a company you can trust, like Ledger , to securely store your private keys. Not Your Keys, Not Your Coins Anyone who has been following the cryptocurrency industry even a little bit has heard way too many stories about exchanges getting hacked, or simply disappearing overnight, leaving investors without any of the assets they thought they owned. This can happen because when you have a balance at an exchange you don’t really control the coins you think you do. Only by keeping the private keys yourself you can truly own a digital asset. Storing your private keys yourself might sound daunting to a newcomer to crypto, but luckily there are powerful yet user-friendly solutions. A hardware wallet is a physical device that stores your private keys in a secure chip. With a

The nonprofit foundation behind the privacy-driven messaging app Signal is officially joining the cryptocurrency venture. In this case, the Signal Foundation announced it has started accepting crypto donations. Signal Foundation Also Takes Donations in Privacy Coins According to an announcement via Twitter, the organization encouraged people to arrange donations via cryptocurrencies, but it’s not limited to bitcoin ( BTC ) or ethereum ( ETH ). Per their landing page , the foundation also supports litecoin ( LTC ), chainlink (LINK), zcash (ZEC), amp (AMP), Basic Attention Token (BAT), dai (DAI), gemini dollar (GUSD), storj (STORJ), and 0x (ZRX). The addition of privacy coins comes in response to a number of social media users asking Signal to add such cryptos to “comply” with their privacy-driven philosophy. A tweet from Signal reads: As a nonprofit organization, we depend on your support. If you’ve been patiently waiting for Signal to accept cryptocurrency donations, you no l

Social Alpha Foundation is set to auction works from top NFT artists on the Nifty Gateway to support Open Earth Foundation’s efforts to bring open digital solutions designed to address climate-related issues. Auction Sponsor Render Network To Donate Carbon Credits To Offset NFT Impact Excitement over NFTs has hit a fever pitch as auctions break new sales records almost weekly. The latest collection sold by artist Beeple, titled “Everydays: The First 5000 Days”, saw 5000 original works compiled in a single JPEG image fetch an astounding $69 million during an auction hosted by Christie’s . Beeple, who addresses climate issues by framing the environment as fighting against mankind in its work, now ranks as one of the most valuable living artists alive after becoming the most commercially successful NFT artist. As interest in these works expands, the NFT space’s champions are harnessing this growing public interest to back environmental causes through a charity auction. Social Alpha F

South Korean authorities seem to be focusing on strengthening measures to combat tax evasion across the nation. The country’s tax watchdog profiled thousands of evaders that relied on cryptocurrencies to hide assets worth billions of Korean won. Evaders Hid a Total of $32.24 Million in Assets Per the Korea Herald , the National Tax Service of South Korea (NTS) identified 2,416 individuals who reportedly hid their assets in cryptos to bypass taxation. The agency stated that evaders used bitcoin ( BTC ), ethereum ( ETH ), ripple ( XRP ), among other cryptos, to avoid being scrutinized by the tax authorities. According to the officials, assets involved in the tax evasion account for a total of 36.6 billion won ($32.24 million). Also, the NTS clarified they mainly targeted people owing over 10 million won ($8,800) in taxes. Still, the tax authorities managed to recover hidden assets in cash and bonds. At the same time, they launched an investigation against 222 of those who allegedly

PRESS RELEASE. TNC Group, the global blockchain entity responsible for massive projects in the blockchain and crypto space, recently launched the Aladdin Exchange — a UAE-based cryptocurrency exchange. The TNC team moves closer to realizing their vision of pushing forward more blockchain technology adoption in the world as the exchange garnered much support even before its launch. Before the launch of the Aladdin Exchange, the team conducted a pre-registration event . In this event, the platform amassed 1.5 million users, which is already a massive success according to the group. “We are expecting more users as they have many rewards in store for those who register,” the team announced. By the end of March, qualified users can participate in Aladdin Exchange’s 1 million USD event. In this event, users have a chance to win various prizes that the team prepared to celebrate the launch. TNC also integrated the Aladdin Exchange with their existing project, the Aladdin Pro wallet. As

Hedge fund manager Bob Prince has warned that the recent sell-off in the U.S. government bond market could accelerate and this could “threaten high-flying assets” like cryptocurrencies and blank cheque companies. Prince, who is the co-CIO at Bridgewater Associates, links this looming downturn in the $21 trillion Treasury market to the improving economy as well, as growing inflation pressurizes. These two factors according to Prince could “push the Federal Reserve to consider reeling back its stimulus measures.” Still, as one report explains, the Federal Reserve policymakers are “brushing off the Treasury sell-off as a healthy reaction to the budding U.S. economic recovery.” However, Prince asserts that this “surge in cryptocurrencies like bitcoin is a manifestation of that environment created by the loose monetary policy of the US central bank and stimulus provided by the U.S. Congress.” Meanwhile, the report says U.S. inflation expectations have picked up this year, hitti

As mainstream media pundits like the Bloomberg economics editor Peter Coy tell Americans to “tune out the hyperinflation hype,” fund managers from a recent Bank of America survey who collectively manage $630 billion, believe inflation is the biggest risk to markets right now. Instead of the former concern over Covid-19, the current number one risk to markets is inflation, as federal stimulus spending has invoked worry among investors. While Inflation Concerns Grow, Mainstream Media Publications Tell Americans Not to Worry Just recently, Jerome Powell , the Federal Reserve Chairman, showed little concern about rising inflation and never really said when the Fed’s monetary easing policies would end. After Powell did an interview at a Wall Street Journal Jobs Summit and showed no signs of worry, 10-year U.S. bond note markets saw a massive sell-off . Following the market carnage on March 4, 2021, a number of mainstream media publications simply wrote off people who are concerned abou

Telsa’s new Technoking, Elon Musk, said that he is selling a song about NFTs as a non-fungible token (NFT). Many people have expressed their interest in buying it on social media. Artist Beeple made him an offer for $69 million and bids for his tweet on Valuables are up to $1.121 million. Elon Musk Selling an NFT Elon Musk, the new Technoking of Tesla , announced via Twitter Monday that he is selling a song about NFTs as an NFT. At the time of writing, his tweet has garnered 42.7K comments and has been liked 176.2K times. His 2:20-minute-long video has been viewed more than 8.5 million times. Musk’s techno song briefly describes the nature of NFTs. The video shows a rotating rocket-to-the-moon trophy, displaying repeating words at the base: “HODL” and “Computers never sleep.” More words circling the trophy brightly flash “Vanity Trophy,” and the lyrics repeat: NFT, for your vanity. Computers never sleep. It’s verified. It’s guaranteed. I’m selling this song about NFTs as an

The online cryptocurrency and stock brokerage platform Etoro has announced the company is going public via a deal with a special purpose acquisition company called Fintech Acquisition Corp V. The Etoro merger is a $10.4 billion deal, backed by the banking entrepreneur and Fintech Acquisition Corp V chair Betsy Cohen. Etoro Enters a Special Purpose Acquisition in a $10.4 Billion Deal The popular cryptocurrency trading platform and stock brokerage service, Etoro , has plans to go public with a $10.4 billion merger. The merger was invoked by a firm called Fintech Acquisition Corp V, and investments also stem from the Japanese company Softbank and the finance manager’s Vision Fund 2. The deal is a special purpose acquisition (SPAC) as it leverages the proceeds from an initial public offering (IPO) to take private firms to the public venue. In addition to the merger with Fintech Acquisition Corp V, an acquisition business, the firms Fidelity Management & Research, and Wellington M

Billboards saying “Bitcoin is the future,” featuring laser eyes, can now be seen in the Netherlands. They are part of an election campaign for Robert Valentine, the chairman of the Dutch Libertarian Party and candidate for the upcoming parliamentary election. Dutch Pro-Bitcoin Parliamentary Candidate With Laser Eyes on Billboards The Dutch Libertarian Party candidate for the upcoming parliamentary election, Robert Valentine, is featured on billboards with a bitcoin message and laser eyes. The billboards say, “Bitcoin is de toekomst,” which means “Bitcoin is the future.” The 2021 Dutch general election to elect the members of the House of Representatives, the lower house of the bicameral parliament of the Netherlands, is scheduled for March 17. Thirty-seven parties met the requirements to participate in the election, including Valentine’s Libertarian Party. A billboard featuring political candidate Robert Valentine, bitcoin, and laser eyes. Source: Robert Valentine Valentine is