Fiatum Channel

2021-11-07 21:04:25 Bitcoin hodler Elon Musk should sell $23B of Tesla stock, Twitter survey concludes

Elon Musk has asked his 62.5 million Twitter followers whether he should sell 10% of his Tesla stock.
The Tesla CEO launched the poll in response to a "billionaires' tax" proposed by Democrats in the US Senate.
"Much is made lately of unrealized gains being a means of tax avoidance, so I propose selling 10% of my Tesla stock," Musk tweeted on Saturday. "Do you support this?" Open / Comment

2021-11-07 17:45:01 Solana surpasses Cardano, Tether to become fourth-biggest crypto worth $76 billion

SOL price reached another record high on Nov. 7, bringing its YTD gains up by roughly 17,500%.
Solana (SOL) surpassed Cardano (ADA) and leading stablecoin Tether (USDT) to become the fourth-largest cryptocurrency by market capitalization.

At press time, the net worth of total SOL tokens in circulation was a little over $76 billion, falling only behind Binance Coin's (BNB) $109 billion, Ether's (ETH) $540 billion, and Bitcoin's (BTC) $1.17 trillion.
Meanwhile, Cardano and Tether's market cap came out to be $66.39 billion and $74.42 billion, respectively. Open / Comment

2021-11-07 17:40:11 The Taproot upgrade was set for deployment after achieving a 90% consensus among the Bitcoin miners (mining nodes)

Real-world use cases are one of the main adoption drivers for every crypto ecosystem, which also holds true for the Bitcoin (BTC) network. In the next seven days, the Bitcoin protocol will undergo a soft fork in the name of Taproot upgrade, which aims to improve the network’s privacy, efficiency and smart contracts capability.

Taproot is Bitcoin’s first major upgrade since August 2017, which saw the introduction of Segregated Witness (SegWit) and resulted in the launch of Lightning Network. While the previous fork primarily sought to fix transaction malleability and improve Bitcoin’s network scalability, the Taproot upgrade aims to revamp transaction efficiency, privacy and support smart contracts initiatives.

The Taproot upgrade was set for deployment after achieving a 90% consensus among the Bitcoin miners (mining nodes). Open / Comment

2021-11-07 11:50:12 Tampa Mayor Announces That She Will Start Getting Her Salary In Bitcoin

Jane Castor, mayor of Tampa Bay, Florida, announced that she will start receiving her salary in bitcoins.

Castor made the announcement Friday morning at the blockchain summit being held at the Amali Arena in downtown Tampa. According to people attending the event, the crypto lending platform Celsius Network will assist the mayor in this initiative.

Castor's decision seems to have been influenced by Francis Suarez, the mayor of Miami, who recently announced that he would receive a portion of his salary in bitcoin. In addition, New York City Mayor-elect Eric Adams also quickly followed suit, announcing that he would receive his first three salaries entirely in cryptocurrency. Open / Comment

2021-11-07 11:47:40 Brazilian federal deputy proposes crypto payment option for workers

Federal Deputy Luizão Goulart, a Brazilian congressman, proposed a bill to legalize crypto payments as a mode of payment for public and private sector workers.

Goulart’s proposal seeks a new law that allows all Brazilian workers to have an option to request employers for remuneration in cryptocurrencies. However, the bill warrants crypto payments to be made only after selling a mutual agreement between the workers and the employer.
The bill highlights the evolution of finance from a barter system to fiat currencies to Bitcoin (BTC) — focusing on the decentralization aspect, which removes the reliance on “a single person or a central entity.” Open / Comment

2021-11-06 16:29:05 Reddit to reportedly tokenize karma points and onboard 500M, new users

Reddit engineer, Rahul, highlights the social media platform's efforts to improve user interaction through various cryptocurrency initiatives.
American social media giant Reddit may soon convert users’ karma points into Ethereum-based (ERC-20) tokens and onboard 500 million new crypto users in the process, according to a newly hired Reddit engineer.

A series of tweets made by Reddit engineer, Rahul, highlights Reddit’s efforts to improve user interaction through various cryptocurrency initiatives. As Cointelegraph reported in July 2021, the platform had launched its own layer-two rollup using Arbitrum technology for its rewards points, named Community Points. Open / Comment

2021-11-06 16:21:05 Enegra migrates digitized equity tokens from Ethereum to Polygon blockchain

Enegra Group, a commodities trading firm based in Malaysia with a net asset value of $28 billion, has migrated its equity-tied EGX security tokens to the Polygon (MATIC) blockchain from Ethereum (ETH). In 2019, Energra tokenized 100% of its equity, enabling shareholders to digitally exercise their dividend, voting and governance rights. Both the initial tokenization and token migration were facilitated by Tokeny, an asset tokenization and compliance infrastructure provider. Open / Comment

2021-11-06 16:07:34 Bitcoin’s consolidation is ‘normal’ Analysts set $80K BTC price target

BTC’s sideways price action has pushed some traders into altcoins, but analysts are confident that the next breakout will push Bitcoin price above $80,000.
Bitcoin (BTC) bulls are still hoping for a major breakout but at the moment, bears are applying pressure and keeping the digital asset pinned below $61,000.

Data from Cointelegraph Markets Pro and TradingView shows that an early morning breakout by bulls to make a run above $62,000 was met with a strong defensive line from the bears who handily rejected the attempt. Open / Comment

2021-11-05 17:48:10 Phoenix Global token soars by 5,600% in just four minutes

Phoenix Global quickly became the 52nd largest cryptocurrency by market cap.
It took just four minutes for a relatively unknown cryptocurrency to rise by over 5,600% as of Nov. 5, according to data from CoinMarketCap.

Dubbed Phoenix Global (PHB), the token soared from $0.02057 to as high as $1.1413 on Nov. 5, with its volume dropping surprisingly — from $3.79 million to around $777,680 in the same period. Open / Comment

2021-11-05 16:07:43 MetaMask integrates with Bitfinex Pay amid growing demand for crypto payments

American grocery store chain Kroger is accepting cryptocurrency payments ahead of the holiday season.

According to an official announcement on Nov. 5, the major retailer will accept Bitcoin Cash (BCH) at all of its stores — Baker's, City Market, Dillons, Fred Meyer, QFC and others — as well as for online purchases.

Rodney McMullen, Kroger's chairman and CEO, said that the initiative was spurred by increased demand for cashless payments. Open / Comment