Crypto Sale

2022-10-12 15:17:48 Breaking: 21Shares Lists First Bitcoin ETP On Nasdaq, But There’s A Catch
https://coingape.com/21shares-lists-first-bitcoin-etp-on-nasdaq/ Open / Comment

2022-10-09 15:00:04 ​​ The analyst did not recommend investing in cryptocurrencies


Michael Ashton, managing director of Enduring Investments LLC, talked about whether he recommends investing in digital currencies during the crypto-zine.

The financier also told what, in his opinion, is the reason for the decline in the consumer price index (CPI) in the United States. The expert assured that citizens should refrain from buying virtual currencies during market volatility.

According to Ashton, significant factors that contributed to a decrease in CPI were such goods and services as clothing or airline tickets.

They allowed the index to correct slightly in the positive direction. However, he stressed: this will not affect the economy globally or over the long term. Prices of real estate, transportation or rents will continue to rise regardless of the decrease in this index.

According to him, investors should not be deceived by the short-term bullish rally in the cryptocurrency market. He stressed: rates of altcoins, as well as leading digital currencies bitcoin (BTC) and etherium (ETH), have reached their local highs or are close to them, and then the decline will follow.

The specialist expressed the view that the aggressive policy of the Federal Reserve (Fed) will not change in the coming months. This is what will lead to a new decline in virtual currencies. He strongly advised to choose other tangible assets, avoiding cryptocurrencies.

The expert considered: now is the ideal time to invest in real estate, the agricultural sector, precious metals and the energy industry. Open / Comment

2022-10-07 15:00:04 Breaking: Apollo Global, Sixth Street Weren’t Part Of Financing Twitter Deal, Elon Musk Agrees
https://coingape.com/apollo-global-sixth-street-financing-elon-musk-twitter-deal/ Open / Comment

2022-10-06 14:30:00 ​​Bitcoin mining touted to reduce Kenyan villages' energy costs by 90%

Reducing costs by 90%
At the same, Nick Hasen, the CEO of Bitcoin mining firm Luxor Mining noted that incorporating mining into the mini-grids will cut costs by 90%.

“So they’re (villagers) paying for 100 kW but only using 10 kW, which makes their power pricing very expensive. Plugging in a few bitcoin miners to offtake the excess power will effectively reduce their power prices by up to 90%,” Hasen said.

If the model is adopted, it has been viewed to have the ability to distribute the Bitcoin hash rate in Africa, which Gridless pointed out is “woefully underrepresented.”

With most rural areas receiving significant rainfall, Gridless recommends that Bitcoin mining can also drive energy producers to efficiently build additional capacity to make electricity available to broader communities. Open / Comment

2022-10-04 15:00:05 ​​Solana’s Blockchain Deals With More Downtime — Misconfigured Node Blamed for the Outage

Solana’s network had an outage again after validators failed to process blocks due to a misconfigured node within the system. On September 30, 2022, the Twitter account Solana Status wrote:

The Solana network is experiencing an outage and not processing transactions. Developers across the ecosystem are working on diagnosing the issue and to restart the network. More information will be provided as it becomes available.

Following the Solana Status update, a Solana proponent explained that the blockchain would be restarted. “The Solana mainnet network will be restarted at slot 153139220, the last confirmed slot,” the individual said. “It appears a misconfigured node caused an unrecoverable partition in the network. Validators, please participate in finding consensus on the relevant data.”

Amid the outage, Solana Status shared instructions on how validators could participate in the restart. “Mainnet Beta Validators: Please follow the cluster restart instructions,” Solana Status stressed. Around 3 a.m. (ET) Solana Status detailed that the cluster restart has been deployed. “Validator operators successfully completed a cluster restart of Mainnet Beta at 7 AM UTC,” Solana Status wrote. The team added:

Network operators and dapps will continue to restore client services over the next several hours. Open / Comment

2022-10-02 14:00:04 ​​Central banks can push DeFi into mainstream: Swiss National Bank official

Central bank digital currencies (CBDC) can work well with decentralized finance (DeFi), and they have a lot of potential to boost DeFi adoption, according to a Swiss central bank official.

Among many various types of digital currencies, it is CBDC that could provide more stability and lower risks to the development of DeFi, according to Thomas Moser, a governing board member at the Swiss National Bank (SNB).

Centralization and decentralization in digital currencies can actually work together as centralization is not bad for DeFi, Moser argued. He noted that major stablecoins like Tether (USDT) and USD Coin (USDC) are the most widely used stablecoins in DeFi, both of which are centralized.

“Therefore, ‘something centralized’ has already helped DeFi quite a lot,” the SNB official stated.

Unlike Tether or Circle, a CBDC would entail lower risks for DeFi than a redeemable stablecoin because central bank money “does not entail counterparty risk,” Moser said. “A central bank cannot go bankrupt, since it issues irredeemable money,” he added.

Other types of digital currencies, including cryptocurrencies like Bitcoin (BTC) or Ether (ETH), are also irredeemable, which implies no counterparty risk. However, their price is not stable enough for supporting sustainable DeFi growth, the official noted.

“Algorithmic stablecoins would also not entail counterparty risk, but so far, we have not seen successful algorithmic stablecoins,” Moser said, referring to the collapse of TerraUSD (UST) in May 2022. “A CBDC could provide more stability and lower risks than stablecoins,” the official added. Open / Comment

2022-09-30 12:25:00 ​California wants to model crypto rules for the rest of the U.S.

Much as it did in the 1960s for automobile emissions, California wants to develop a crypto and web3 regulatory regime that could be a model for other states to adopt, with a particular eye toward crypto mining operations.

Gov. Gavin Newsom’s veto of a state crypto licensing bill earlier this month frees up his administration to create its own regulations, said Dee Dee Myers, director of the Governor’s Office of Business and Economic Development. The vetoed bill proposed that digital assets firm in the state apply for a license to operate.

“The bill created a regulatory regime in a very narrow lane,” she said, adding, “We told the Assembly to try again and to work with [California] government agencies to get it right.”

Instead, the Newsom administration is basing its own regulatory work on an executive order the governor issued in May. The order aims to provide more clarity and flexibility for the crypto industry, while retaining the consumer protections in the vetoed Assembly bill, Myers argued.

The goal is to work in “tandem with the federal government,” to ensure that there is no conflict between California’s regulations and the federal government’s, Myers said in an interview at Circle's Converge22 conference in San Francisco.

“We are hoping the federal government leads on regulations," adding, “We have to go fast, but we have to be careful,” she said of the Newsom administration plans. “We need to measure twice and cut once.” Open / Comment

2022-09-28 13:34:46 ​​The eleventh Tezos update will go smoothly and without the use of a hardfork

The eleventh update of the Tezos (XTZ) decentralized open-source blockchain platform is approaching.

It is due to take place on September 23. In an interview with Bloomberg, the platform's co-founder answered some of the key questions surrounding the event.

Tezos co-founder Kathleen BRIGHTMAN explained the difference between another Tezos update called Kathmandu and major updates such as Merge Ethereum (ETH).

She noted that the update will go smoothly and without the use of a hardforward. In explaining the scope of Tezos' updates, she said that her company has a particular approach to innovation, whereby regular updates allow updates to happen piecemeal without trying to cover the vastness at once.

She stressed that the Kathmandu update introduces some concepts and some technical features that aim to get many more people using blockchain. Open / Comment

2022-09-26 19:43:51 ​Gap Between Ethiopian Currency’s Official and Parallel Market Exchange Rate Grows to New Record

The Ethiopian birr currency’s parallel exchange rate against the U.S. dollar recently dropped to a low of 92 birrs per dollar, a report has said. The report added that following this latest plunge, the gap between the birr’s official and parallel market exchange rates has widened to a record high.

The gap between the Ethiopian currency’s official and parallel market exchange rate against the greenback widened to a new record higher after the latter rate plunged 92 birrs for every dollar. Officially, one dollar buys 52.5 units of the local currency.

According to a Bloomberg report that quotes Fikadu Digafe, the vice governor and chief economist at the National Bank of Ethiopia (NBE), the resumption of hostilities in the Tigray region is one of the key factors that caused the Ethiopian currency’s latest plunge. As many media reports have suggested, the fighting between the Ethiopian government and Tigray rebels restarted in late August after five months of a lull in hostilities. Open / Comment

2022-09-24 18:28:13 Breaking: Binance Implements “Opt-In Button” For 1.2% Tax Burn On Terra Classic (LUNC)
https://coingape.com/breaking-binance-implements-opt-in-button-for-1-2-tax-burn-on-terra-classic-lunc/ Open / Comment