Bitcoin News and Finance: What You Need to Know

As dogecoin’s frenzy keeps making the headlines in the crypto sphere, some people are not happy with it. Billy Markus, Dogecoin’s cofounder, has been a target of long-lasting online harassment, which still doesn’t end, he claims. Markus Sold All His Doge in 2015 The so-called meme coin, DOGE skyrocketed well over 325% in a single day, specifically on January 29, 2021. The dynamic was the similar one followed by the Gamestop/Wallstreetbets saga. In this case, a Reddit group called Satoshistreetbets was allegedly behind the recent dogecoin’s pump. However, Markus, also known in the crypto industry as “Shibetoshi Nakamoto,” published some tweets, clarifying publicly that he sold all his DOGE in 2015 after “getting laid off and freaking out about money.” In fact, he pointed out that money was enough to buy a used Honda Civic car. Dogecoin’s cofounder also claimed that he left the Dogecoin project seven years ago due to harassment from the community. However, Dogecoin’s cofounder say

BitGesell represents a deflationary cryptocurrency that closely resembles bitcoin, but comes along with a few design changes. Its value proposition stems from Silvio Gesell’s financial market philosophy, who imagined monetary units that lose their value over time through demurrage. To keep things simple, BitGesell achieves scarcity through the means of accelerated block reward halvings and transaction fee burns. The Dawn of the Crypto Age & Replacing Outdated Fiat Over the last few years, the worldwide financial system has continuously lost its legitimacy, thereby positioning itself on the path to collapse. The key reason behind this downfall consists of monetary devaluation fueled by soaring levels of public debt. Instead of employing viable strategies for debt management, some governments prefer to keep themselves solvable via shameless money printing. In doing so, inflation rises so fiat money loses its purchasing power. Luckily, this is the onset of a new era – the cryptoc

Creating meaningful change starts within our own company. That’s why we are evaluating and improving the ways we attract, hire, retain and create equity for our employees with diverse backgrounds and lived experiences. First, we are focused more intentionally on creating a culture of inclusion and belonging for everyone: Our newly created Employee Resource Groups … Continued The post Creating a More Inclusive and Equitable Workplace appeared first on Ripple. http://dlvr.it/Rrp6v8

In September of 2020, the frontman for the rock band Kiss, Gene Simmons, tweeted a cryptic message about bitcoin with one of the cofounders of the Gemini crypto exchange. Then on Sunday, the Kiss singer tweeted to his 900k Twitter followers that he bought “bitcoin, ethereum, litecoin, and others.” The bassist and co-lead singer of the classic rock band Kiss discussed cryptocurrencies on Twitter on Sunday, after a few months ago when he tweeted about the subject with Cameron Winklevoss last September. His tweet at the time simply said “I will. I am,” in response to a Twitter discussion about the leading cryptocurrency. Gene Simmons told his fans he purchased BTC , ETH , LTC , DOGE, and XRP on Sunday. The message was cryptic and people didn’t really understand what the Kiss frontman meant at the time. However, on Sunday the rockstar, also known by his stage persona “the Demon,” said he bought and owned some digital currencies. “I’m not recommending any of this to anyone,” Simmons

Spacex and Tesla CEO Elon Musk has clarified his position on bitcoin and dogecoin. He confirmed that he supports bitcoin, stating that it is “a good thing.” Admitting that he is late to the game on bitcoin, Musk said that he should have bought some eight years ago when his friend fed him a slice of a bitcoin cake. Elon Musk Confirms He Supports Bitcoin In an interview on The Good Time Show via the Clubhouse app Sunday night, Spacex and Tesla CEO Elon Musk talked about bitcoin and dogecoin. “I’ve got to watch what I say here because some of these things can really move the markets,” Musk responded when asked to comment about bitcoin. “Many friends of mine have tried to convince me to get involved in bitcoin for a long time … I was a little slow on the uptake.” He added that one of his friends called Billy had a bitcoin cake, and he fed him a slice in 2013. “I at least should have bought some bitcoin eight years ago,” Musk admitted, elaborating: I do at this point think bitcoin is

PRESS RELEASE. Stratis’ innovative blockchain solutions have attracted the attention of the digital asset investment fund, Alphabit, who have injected an initial investment while committing to a further 8 figure investment over the next 24 months for growth and development of the BaaS ecosystem. 1st February 2020, London, United Kingdom : Blockchain as a Solution (BaaS) service provider Stratis makes decentralized adoption easier for any firm with its innovative products designed to fit seamlessly with legacy operations, by allowing companies access to the Stratis blockchain via the widely-used C# programming language. The platform allows seamless running of smart contracts, multiple sidechains, and houses a full-scale ICO platform. Alphabit , A billion USD AUM fund and one of the world’s first regulated digital asset investment funds focused on delivering turn-key solutions and assisting projects with end-to-end partnerships, enters into this venture to rapidly scale Stratis’ de

According to the findings of a study by Ark Investment Management (AIM), the value of bitcoin can potentially increase by $40,000 if all S&P 500 companies allocate 1% of their cash holdings to the crypto. Similarly, if all these companies were to convert 10% of cash holdings into bitcoin, the value of the crypto asset will potentially rise to $400,000. Institutional Adoption The study findings , which are based on December 1, 2020 data, seem to get validation from BTC ’s price movement after Square and Microstrategy acquisitions. As on-chain data shows, the value of the crypto asset went up after the two companies announced their BTC acquisitions. Still, in making the case for a greater allocation of bitcoin in institutional portfolios, the AIM study says: Untethered from traditional rules and regulations and generally uncorrelated to the behaviour of other asset classes, bitcoin seems to have earned a strategic allocation in well-diversified portfolios. Further, the stu

In a surge reminiscent of dogecoin’s recent rally, the value of the XRP token soared by more than 100% in just 48 hours. After starting the day at $0.29 on January 30, data shows that the token peaking at just above $0.67. At the time of writing, XRP is trading at around $0.66   As shown on markets.Bitcoin.com , after this price surge, the market capitalization of XRP went up to almost $28 billion, a figure close to double that of Polkadot. This means XRP has now reclaimed its position for now as the fourth highest-ranked crypto. Similarly, data from messari.io shows that XRP peaked at $0.68 on February 1.   With the token issuer Ripple Labs facing legal challenges , XRP ’s unexpected price surge might lend credence to reports that an offshoot of the Wallstreetbets (WSB) is helping to pump the crypto. Already, this movement of retail traders known as Satoshistreetbets has received partial credit for dogecoin’s recent meteoric rise. Buoyed by Wallstreetbets’ Gamestop shor

PRESS RELEASE. Crypto-backed lending service CEX.IO LOAN that launched in October 2020 in select global jurisdictions, has been experiencing major demand, receiving over $100 million worth of loan requests to date. While the service has been widely popular among retail investors, most of the platform’s loan requests came from institutional investors. According to CEX.IO LOAN, such an increase in demand can be attributed to the institutionalization of the cryptocurrency industry. Institutional investors, who have cryptocurrencies in their possession, regard it as a potential collateral for borrowing funds and actively utilise it as such. The borrowed funds are then used for further investment purposes. In addition to featuring cutting-edge security and advanced anti-fraud measures, CEX.IO Group operates a regulated service, which has been licensed as a Distributed Ledger Technology (DLT) provider by the Gibraltar Financial Service Commission (GFSC) since last year. In addition to t

Following the day the Tesla founder, Elon Musk, added the Bitcoin hashtag to his Twitter profile, the popular Carolina Panthers offensive tackle, Russell Okung told his social media followers to put the Bitcoin hashtag in their bio. Okung has managed to get hundreds of people to do it, but more recently the NFL player started a decent train of celebrities with very large Twitter follower counts to join the bandwagon too. Russell Okung: ‘Plant the Flag to Declare You’re Ready for the Future’ Last week, Elon Musk put the Bitcoin hashtag in his Twitter bio, and after he did that, the price of bitcoin ( BTC ) coincidently saw significant gains. Musk also tweeted, “In retrospect, it was inevitable,” and a great number of crypto supporters celebrated the Tesla founder’s social media teases. After Musk did this on Twitter, the NFL player who plays offensive tackle for the Carolina Panthers, Russell Okung told his Twitter followers to follow Musk’s recent move. “Everyone put #Bitcoin in

A chief economist at UBS, the largest bank in Switzerland, says cryptocurrency has a fundamental flaw. Bitcoin’s fixed supply could cause the collapse of its value and spending power, making it unattractive to use as a currency, he claims. A UBS Chief Economist Says Bitcoin’s Fixed Supply Is a ‘Fundamental Flaw’ Paul Donovan, Chief Economist of UBS Global Wealth Management, explained last week why people won’t want to use bitcoin as a currency. UBS is the largest bank in Switzerland. “The debate about bitcoin and other crypto tends to be very passionate. Crypto supporters say that economists are just dinosaurs, and economists say that crypto supporters are just selling a bubble.” He also pointed out that bitcoin and other cryptocurrencies have been volatile in price terms. “If we look objectively at the issue, I think an important question is whether bitcoin and other crypto could be currencies,” the UBS chief economist continued, emphasizing, “And, I don’t think that they can.”

U.S. Representative Patrick McHenry is pro-bitcoin. He is now hosting the Bitcoin whitepaper on his official congressional website and has called on other lawmakers to embrace innovation like Bitcoin. He believes that the cryptocurrency is unstoppable and governments cannot kill it. Pro-Bitcoin US Lawmakers A growing number of U.S. lawmakers have recently spoken in support of Bitcoin. Among them is Congressman Patrick McHenry from the state of North Carolina. On Friday, he talked on CNBC’s Squawk Box about how to approach regulation after last week’s market swings. “You can’t put technology back in the box. Innovation is here. We have to embrace. We have to broaden access to our markets, we have to broaden access to our financial products,” he said. McHenry has long been a Bitcoin advocate. Last week, when the lawyer of the self-proclaimed Satoshi Nakamoto, Craig Wright, threatened to sue a few website owners for hosting the open-source Bitcoin whitepaper on their websites, McHenr

The heavy hitters in traditional finance have been concerned about the recent stock market action fueled by Redditors and a colossal number of retail investors. This week a Goldman Sachs executive warned that if these short squeezes continue it could “snowball through the market.” Moreover, Interactive Brokers founder Thomas Peterffy made similar comments this week saying these types of systemic risk can “take down the entire system, theoretically.” Wallstreetbets Trend Could ‘Snowball Through the Market’ 2021 has been an interesting year so far and this week a Reddit forum called r/wallstreetbets sparked a whole new hot topic. Four days ago, news.Bitcoin.com reported on the stock market fiasco that started with short squeezing Gamestop (GME) shares. But GME shares were not the only stocks that felt the push as the wallstreetbets (WSB) trend started leaking into a number of other types of shares. The stock market story and Wallstreetbets (WSB) trend has shaken financial markets t