Bitcoin

PRESS RELEASE. The term “ecosystem” flies on the radar within the blockchain and business development industries nowadays. There must be a great need for a productive, digital, and self-sustaining environment with all the essential ingredients for investing, business development, and career growth. Ideaology saw the need for such a platform and developed the Active IDEA platform. A revolutionary platform backed by blockchain technology with an entirely unique ecosystem for online professionals to invest, develop their business ideas through crowdfunding, or finding a team from a pool of online professionals within one productive platform. How is this all possible? Through IDEA token. The IDEA token is an ERC-20 token. It serves as a utility and payment token at the same time, allowing its users to be a part of the Active IDEA community. The IDEA token is what will make the whole ecosystem within the platform run smoothly. With the IDEA token you can enjoy these benefits within t

As Americans wait to hear if they will receive second stimulus checks, lawmakers are scrambling to avert the looming government shutdown. A spending bill, which could include some stimulus measures, must be passed before the Dec. 11 deadline to avoid the shutdown. Stimulus Payments Affected by Government Shutdown As U.S. lawmakers continue their stimulus negotiations, including providing Americans with the second round of direct payments, the government is facing a shutdown, which could be prevented if lawmakers can pass a spending bill before the Dec. 11 deadline. Congress returned to Washington Monday for a short session that will end before Christmas. The Senate convened on Monday afternoon while the House will meet Wednesday. To prevent the shutdown, an agreement on the overall $1.4 trillion federal budget has already been reached but lawmakers still need to decide where all the money will go, according to NBC News. Both Republican and Democratic leaders reportedly want to appr

ECB President Christine Lagarde downplays any risks bitcoin and other cryptocurrencies could pose to financial stability and monetary sovereignty. In contrast, she sees stablecoins, such as Facebook-backed libra, as posing “serious risks.” Christine Lagarde, Bitcoin, and Facebook’s Libra The president of the European Central Bank (ECB), Christine Lagarde, shared her view on the future of money in an article published Monday in L’ena hors les murs magazine. She specifically discussed “bitcoin or other crypto-assets that have been trying to gain a foothold in the digital payments space and to anchor trust in their technology.” Lagarde began by stating that innovations like blockchain technology “bring both new opportunities and new risks.” She noted that peer-to-peer (P2P) transactions have “no need for a trusted third-party intermediary,” asserting that the trust “is replaced by cryptographic proofs and the security and integrity of records is ensured by DLT, which avoids the ‘doubl

PRESS RELEASE. What is yield farming? Yield farming, also referred to as liquidity mining, is a way to generate rewards with cryptocurrency holdings. In simple terms, it means locking up cryptocurrencies and getting rewards. In some sense, yield farming can be paralleled with staking. However, there’s a lot of complexity going on in the background. In many cases, it works with users called liquidity providers (LP) that add funds to liquidity pools. What is Earn finance ? Earn Finance : is a blockchain agnostic decentralized finance (DeFi) aggregator platform that supports DeFi projects deployed on Ethereum blockchain, Binance smart chain etc., focusing on simplicity, user experience, privacy and global adoption powered by rewardiqa foundation , we are developing a powerful community-centered DeFi Platform focusing on staking, farming, borrowing and mortgage. The platform is powerful enough from a scalability, interoperability, developability and governance perspective to help make

Gold investors are getting anxious, as the precious metal’s prices have slid a great deal since a number of vaccine companies have revealed medicines to combat the coronavirus. The price of one ounce of fine gold is valued at $1,770 per unit after the precious metal registered the third straight weekly loss in a row. Moreover, last week gold saw the largest weekly outflow ever, as investors seem to be selling the safe-haven asset in great numbers. Gold (Au) prices per ounce continue to spiral lower in value, as the price of the precious metal is down more than 14.5% since the all-time high this past August. The reason for the low value during the last few weeks may be due to the progress stemming from vaccine manufacturers who claim to have produced medicines that will help battle Covid-19. Craig Erlam, an analyst from the forex exchange OANDA believes the most recent vaccine news is probably the driver. “The news of vaccines has led to a lot of optimism in the market and we are se

The Venezuelan Army has inaugurated a cryptocurrency mining center with bitcoin mining equipment aimed at generating “unblockable income,” as the country attempts to bypass U.S. sanctions. The crypto mining center has the support of the country’s crypto regulator, Sunacrip. Venezuela’s Army Starts Cryptocurrency Mining The Venezuelan Army’s cryptocurrency mining center was inaugurated on Nov. 19 by the 61st Agustín Codazzi Engineer Conditioning Brigade, according to local media. The inauguration was led by the General of the Bolivarian Army Lenin Herrera, Commander of the Brigade. He was accompanied by Major General Domingo Hernández Lárez, Commander of the Bolivarian Army and one of the highest-ranking military personnel in Venezuela. Also present at the event were representatives of the Superintendencia Nacional de Criptoactivos y Actividades (Sunacrip), the regulator of the crypto sector in Venezuela, and the private company Crypto & Trading. The Brigade posted a video on I

Digital currency markets are on a tear this week, as a myriad of crypto assets have seen enormous gains during the last two days. Then finally, on November 30, 2020, the largest blockchain in terms of market cap, bitcoin ( BTC ) surpassed the crypto asset’s 2017 all-time highs (ATH) after crossing the highly anticipated $19,860 zone on Monday morning (EST). The entire cryptocurrency economy has spiked in value considerably and on Monday, November 30, 2020, as there’s over $34 billion in global trade volume. Moreover, out of the 7,500+ crypto-assets in existence, the market valuation is hovering well above the $547 billion zone. Bitcoin ( BTC ) prices have touched a lifetime all-time high surpassing $19,666 per unit (Bitstamp ATH) on Monday, November 30, 2020, by reaching $19,864. The crypto asset is up over 8% during the last 24 hours, 5% for the week, and over 40% during the last 30 days. Bitcoin ( BTC ) chart on November 30, 2020. Data stems from the exchange Bitstamp. 1-day B

Guggenheim’s billion-dollar Marco Opportunities Fund (MOF) may seek indirect exposure to BTC through the investment of 10% of its net asset value into Grayscale’s BTC Trust (GBTC). The investment (when complete) means MOF will have committed as much as $497 million into the GBTC. In a November 27 amended prospectus filing with the U.S. SEC, Guggenheim explains the rationale for seeking indirect exposure to BTC . According to the explanation, Guggenheim’s MOF wants to achieve its investment objective by “investing in a wide range of fixed-income and other debt and equity securities.” This includes exposure to cryptocurrencies which the fund’s management believes will “offer (an) attractive yield and/or capital appreciation potential.” Still, in the same filing, the investment company acknowledges the risks associated with investing in cryptocurrencies in general. Consequently, management says the “Fund’s exposure to cryptocurrency may change over time.” Also, as regulators zero i

The Great Reset agenda is trending once again on social media, numerous news outlets, and a variety of online forums. During the last few months, the Great Reset proposal has been pushed worldwide, as it allegedly seeks to create a sustainable economy following the coronavirus pandemic. Meanwhile, a great number of people are skeptical of the reboot proposal, as detractors believe the Great Reset is an assault against capitalism and basic financial liberties. Skeptics Are Speaking Out Against the Great Reset A myriad of individuals and news organizations have been discussing the Great Reset, a proposal that was first introduced by the World Economic Forum (WEF) and the and WEF director Klaus Schwab. News.Bitcoin.com has published a few editorials about the subject and some of the events that are seemingly pushing the Great Reset closer toward reality. Moreover, our newsdesk also looked at the pushback against the reset movement and why people believe the proposal is a steadfast pl

SINOVATE ’s Incorruptible Data Storage (IDS) dCloud network is providing game-changing decentralised cloud storage to the market – and to do that, the network needs reliable, distributed hardware and dedicated servers which will provide it with the stability and longevity needed to run this ground-breaking service. 2020 – What a Year for Crypto From rampant COVID-19 market uncertainty, to 350% BTC price appreciation since March, and now to the return of Crypto to the mainstream media spotlight – it’s been a roller-coaster of a ride. As we approach the year end, we have seen innovative responses to the pandemic born from blockchain – the often-touted supply-chain use case has found good application in helping to alleviate the issues resulting from over-subscribed retail and commercial supply chains. Not to mention the use case for distribution of a COVID vaccine, which requires rigorous quality control and traceability, two elements handled succinctly by blockchain application. Per

The Russian prime minister has outlined the government’s plans to amend existing laws to recognize cryptocurrency as property. This means bitcoin owners will have the legal rights to defend and recoup their cryptocurrencies in court. Russia to Recognize Bitcoin as Property During the government meeting on Thursday, Russian Prime Minister Mikhail Mishustin talked about Russia’s plans for cryptocurrency regulation alongside other initiatives to fight against the spread of the coronavirus pandemic. After outlining several solutions the Russian government has come up with, Mishustin said, “Another solution concerns cryptocurrencies.” He added that “This is a relatively new tool, interest in which is constantly growing.” The Russian prime minister continued: “The government plans to direct the development of this market in a civilized direction so that the owners of such assets can protect their rights and interests, and the creation of shadow schemes would be difficult.” In order to a

A Canadian publicly held company has liquidated all of its ethereum and monero holdings and put all of the proceeds into bitcoin. The company is led by a well-known poker player and former member of the European Parliament. Cypherpunk Dumps Monero and Ethereum for Bitcoin Cypherpunk Holdings, a Toronto-headquartered company listed on the Canadian Securities Exchange (CSE), announced Thursday that it has increased its bitcoin holdings to 276.479 bitcoins. At the current price, the company now holds about $5 million USD in bitcoin. Cypherpunk Holdings added that this is a net increase since June 30 of 72.979 bitcoins, elaborating: The increase in bitcoin holdings is a result of the full liquidation of positions in monero ( XMR ) and ethereum ( ETH ), as well as the partial use of proceeds from a private placement of $505,000 CAD that closed on August 27th, 2020. Founded in 1995, Cypherpunk Holdings was formerly known as Khan Resources Inc. but the company changed its name in Nove

PRESS RELEASE. Centralized exchanges have been the backbone of the cryptocurrency market for years. They offer fast settlement times, high trading volume, and continually improving liquidity. However, there’s a parallel world being built in the form of trustless protocols. Decentralized exchanges (DEX) require no middlemen or custodians to facilitate trading. Due to the inherent limitations of blockchain technology, it has been a challenge to build DEXes that meaningfully compete with their centralized counterparts. Most DEXs could improve both in terms of performance and user experience. Basically, MoonDeFi has two main elements: Swap and Staking (Farming). And when users participate in any of the above activities, they will receive a certain profit. What is the MoonDeFi Protocol? MoonDeFi is a protocol on Ethereum for swapping ERC20 tokens. Traditionally, token swaps require buyers and sellers to create liquidity; MoonDeFi creates markets automatically. Unlike most exchanges th