Monthly Archives: September 2020

US Senate Candidate Is a Hodler, Sees Bitcoin as Alternative Store of Value to US Dollar

US Senate candidate Cynthia Lummis is pro-bitcoin. She bought her first bitcoin during her time in Congress. Now she calls herself a hodler and sees the cryptocurrency as a viable alternative store of value to the US dollar.

Bitcoin Advocate in the Senate
Cynthia Lummis served Wyoming as a conservative Republican in the U.S. House of …

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Chamath Palihapitiya’s Social Capital Holds Bitcoin From 2013, Mulls Public Listing

A Silicon Valley fund manager holds bitcoin purchased seven years ago as it mulls being publicly traded.

Palo Alto, Calif., investment firm Social Capital invested in bitcoin (BTC) in 2013, CEO Chamath Palihapitiya revealed Tuesday in an investment conference call. Bitcoin was trading between $13 and $1,200 in 2013 and today trades around $10,000, according …

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Daily Ethereum transactions hit a new historical high amid DeFi boom

The previous all-time high in daily transactions was recorded in 2018.
Daily transactions on the Ethereum blockchain have just recorded a new all-time high amid the general surge of congestion on the network.

On Sept. 17, the amount of daily transactions on the Ethereum network amounted to 1,406,000, according to data from major Ethereum browser Etherscan. …

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You can now send email right from your Ethereum address

Unstoppable Domains has introduced a new feature — Unstoppable email. Now anyone who owns a domain with a .crypto extension can send email signed by the Ethereum (ETH) private key that controls it. This is reminiscent of how the old cypherpunks used to sign their emails with PGP keys. In the 1990s, an early …

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Programmable money: How crypto tokens could change our entire experience of value transfer

Covid-19 stimulus payments “could have been done in a few seconds, at no (distribution) cost. It would have been a no-brainer.”
Programmable money (PM) is in the air. It may be the next stage in the evolution of money. And it could be as disruptive as any financial technology in development today.

Yes, China is close …

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Macro Strategist Raoul Pal Moves More Than 50% of Portfolio to Bitcoin in Big Bet on Future of Crypto

Global Macro Investor founder and chief executive Raoul Pal is betting big on the future of digital currencies.

Pal is offering an update on his portfolio and declares more than half is now dedicated exclusively to BTC.
Pal is also publicly pondering just how far he should go in his wager that Bitcoin will be one …

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Crypto Traders Track Massive $88,000,000 Bitcoin (BTC) Transaction As Ethereum Whale Moves 220,726 ETH

As the broader cryptocurrency market hovers at a crucial technical threshold, momentum is picking up with numerous whales transferring hundreds of millions of dollars worth of crypto.

The largest cryptocurrency soared to as high as $10,434 in the last 24 hours, according to CoinMarketCap. Ethereum is also showing signs of strength, with the second-largest cryptocurrency …

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More than 20,000 Bitcoin was poured into DeFi last week

Fanatics of the burgeoning decentralized finance (DeFi) space injected a record amount of Bitcoin into Ethereum-based protocols, searching for high yields and finding a way to earn funds on their capital.

Bitcoin moves to DeFi
According to tracking site DeFiPulse, more than 20,000 Bitcoin was poured into DeFi protocols last week. The move came as the …

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Switzerland enshrines its crypto-friendly policies into law

In brief
The Swiss Senate has overwhelmingly approved legislation making it easier to use cryptocurrencies and decentralized finance.
The new legislation enables companies to create digital shares and other tradable assets.
The laws are expected to come into effect early next year.
Cryptocurrency-friendly Switzerland has passed wide-ranging legislation opening the door to cryptocurrencies and decentralized finance (DeFi); enabling …

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IRS Spends $250,000 on Analytics Tools As Crypto Focus Grows

The United States Internal Revenue Service’s (IRS) eye on cryptocurrency has grown over the last couple years, and in recent months the government agency has both spent money on cryptocurrency tracing tools and put out a call for additional ones.

Today, we learned that the IRS has dropped nearly $250,000 on a contract with a …

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