Stock-picking personality Jim Cramer recommended the unknown Maryland-based winner of Wednesday’s $731 million Powerball jackpot allocate 5% of his or her newfound fortune in bitcoin. “You know what, if you won the lottery – Yes, I’m gonna say it: 5% in bitcoin,” Cramer said Thursday night on his . His investment advice, of course, came
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Real innovation is an order of magnitude up relative to the old.Because innovation creates new things, it can form a qualitative leap.This is the process from 0 to 1 described by digital circulation.In contrast, competition is from 1 to N. competition replaces what existed before and replicates it, pursues perfection and distinguishes it only by
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Fairness and Transparency are the soul of finance and the unremitting pursuit of every investor. However, we need a new technology that can guarantee fairness even human civilization highly developed today. In 2008, Bitcoin was born but blockchain still can not perfectly apply in financial area although 10 years passed away already. Until 2018, Brendan
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The world’s largest digital asset manager, Grayscale Investments, looks to be preparing for possible launches of new single-asset trusts for a number of cryptocurrencies. Trusts for five digital assets were filed with Delaware’s corporations registry on Dec. 18, 2020: chainlink (LINK, +21.96%) (BAT, +24.85%) (MANA, +36.61%)tezos (XTZ, +17.44%)The filings were not made by Grayscale itself
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In recent years, innovation and change have been the main theme of the financial field. Financial itself is a kind of credit economy, on the way looking for innovation and change, financial institutions are consistent in the search for all-round change train of thought, with the rapid development of information technology and the widespread application,
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China’s Blockchain-based Service Network (BSN) – a permissioned blockchain network for building decentralized applications and tokens – plans on releasing a beta central bank digital currency (CBDC) as early as the second half of 2021, according to a Jan. 15 blog post. The Chinese-state-sanctioned BSN is currently designing a universal digital payment network (UDPN) over the next half-decade.
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Authorities in Iran have seized tens of thousands of bitcoin mining machines claimed to have been using illegally subsidized electricity from state-run energy provider Tavanir. According to a report by local media outlet Tasmin News Agency on Sunday, 45,000 mostly powerful application-specific integrated circuit (ASIC) machines were confiscated. The machines had purportedly been consuming 95 megawatts per
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An offline mobile map for travelers has raised $50 million in a funding round led by Alameda Research. Announced Monday, the fresh capital will go toward the launch of a multi-currency wallet on Maps.me and enable a decentralized finance (DeFi) ecosystem on the platform. Cryptocurrency lender Genesis Capital and institutional cryptocurrency firm CMS Holdings also participated in
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“Miners are selling” is a popular trope used to explain bitcoin’s occasional downward price action. But on-chain data doesn’t support this narrative, according to analysts and mining pools themselves. After bitcoin’s correction earlier this week to the tune of nearly 30%, miners were a popular scapegoat. But miners have been extremely consistent in their selling habits
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Galaxy Digital (GLXY) has announced the launch of its miner financial services and proprietary mining operations. Per a release, the publicly traded digital asset management firm is integrating its existing business lines to miner-focused financial services – internally referred to as "MiFi" – including lending, investment, and risk management offerings. Galaxy Digital Mining, the firm's
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