Day: March 12, 2022

23-year-old Australian buys $314k property via planned crypto investments

Arijit Sarkar

A young resident from Queensland, Australia played the long game of accumulating Bitcoin (BTC) and Ethereum (ETH) over several years to eventually overcome the soaring real estate prices during the 2020 bull run and own his dream home. The 23-year-old Loi Nguyen started his journey as an investor back in 2017 by purchasing a few hundred dollars worth of BTC, ETH and traditional stocks. However, his interest in crypto reached new heights while pursuing an Economics degree: “Crypto came back into my life when I did a course at the…

Decentralized finance as a new globalization accelerator

Katya Shabanova

Those who studied history well might remember the city-states of medieval Europe. Back then, caravans of merchants traveled from one city-state to another, bringing luxury goods and news from far-away places. It was this lifestyle that enabled these merchants with freedom of mobility and choice. It is a very similar concept to the one described by Michael Ondaatje in his book The English Patient. The author envisioned complete freedom, without borders or nationalities limiting people in their strive for development and progress.  Today, broader access to the financial markets through…

Russia and Belarus face crypto sanctions, Crypto.com hounds users for loan payments and Biden signs executive order on crypto: Hodler’s Digest, Mar. 6-12

Cointelegraph By Editorial Staff

Coming every Saturday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link. Top Stories This Week Biden to sign executive order on crypto, authorize all-government effort to consolidate regulation While many in the crypto community previously feared the worst regarding regulation, President Joe Biden on Wednesday signed an executive order on digital assets that had a relatively favorable approach to the…

Clover Finance Rebrands to CLV, Making a Move Further into the Web3

Anthony B

Breadcrumb Trail Links Newsfile The project owning a Polkadot parachain plans to become more inclusive and open to Web3 applications Author of the article:   Article content New York, New York–(Newsfile Corp. – March 12, 2022) – Clover Finance, a project developing one parachain of Polkadot and a multi-chain crypto wallet application, announced Thursday that it would rebrand to CLV in pursuit of an easier approach to a wider audience group. Article content The new brand name, CLV, stands for Connectivity, Legible, Versatile. CLV aims to offer great connectivity within…

Goldman Sachs tip-toes into ETH, Mar. 4-10

Sam Bourgi

Wall Street’s embrace of digital assets is showing no signs of slowing down. In fact, they don’t even need to tell us about it as the proof is in the fine print. This week, a United States Securities and Exchange Commission (SEC) filing revealed that multinational investment bank Goldman Sachs has been quietly offering clients exposure to Ether (ETH) through Galaxy Digital, a crypto-focused financial services provider headed by billionaire Mike Novogratz.  Of course, this isn’t the first time Goldman has worked with Galaxy Digital to offer clients a gateway…

Limiting Proof-of-Work Crypto Back on the Table as EU Parliament Prepares Virtual Currencies Vote

Sandali Handagama

One version of the new draft, reviewed by CoinDesk, has a similar provision though significantly toned down from the original. It says that crypto assets “shall be subject to minimum environmental sustainability standards with respect to their consensus mechanism used for validating transactions, before being issued, offered or admitted to trading in the Union.” Author: Sandali Handagama Source link

India Crypto: ETSA 2021: Investors remain bullish on India’s crypto, web3 startups

Anthony B

At ET Startup Awards 2021 in Bengaluru on Saturday, investors signalled bullishness on web3 and crypto startups in India. With the liquidity coming in from crypto-native and traditional institutional investors, the nascent industry may continue its meteoric rise despite regulatory scrutiny. This trend reflects the momentum of crypto globally. On Friday, San Francisco-based Bessemer Venture Partners announced a dedicated $250-million fund for crypto investments. Two days before that Bain Capital Ventures announced a $560-million fund for crypto-related startups and decentralised autonomous organisations (DAOs). The largest funding round by an Indian-born…

Why digital currencies deserve a better reputation

Ian Taylor

Ever since its inception and throughout its turbulent journey toward mainstream acceptance, crypto has elicited both enthusiasm and trepidation in equal measure. After the unfair battering it has received over the years, the time has come to defend digital currencies. Unfortunately for crypto, first impressions count. Bitcoin (BTC) initially gained a tawdry reputation in its early years as the currency of choice for illicit activities — favored by dark web users, ransomware hackers, drug traffickers and money launderers worldwide. But, the world has changed since the first Bitcoin was mined…

Ally or suspect? The war in Ukraine as a stress test for the crypto industry

David Attlee

It has been two weeks since Russia kicked off the first large-scale military action in Europe in the 21st century — a so-called “special operation” in Ukraine. The military conflict immediately triggered devastating sanctions against the Russian economy from the United States, the European Union and their allies and has put the crypto industry in a position that is both highly vulnerable and demanding. As the world watches closely, the crypto space must prove its own standing as a mature and financially and politically responsible community, and it must defy…

Strings of Emojis Fetch Big Prices As ‘Yats’ Become Web3 Identifiers

Anthony B

Emoji-identifiers called Yats are selling for hundreds of thousands of dollars. Yats can be used as a personal URL or crypto-wallet address, replacing jumbled numbers and letters. “We believe that we have a chance to redefine how people think about online identity,” said Yat Labs founder Naveen Jain. LoadingSomething is loading. At a virtual auction last April, bidders fought for a chance to own an emoji. A single golden key sold for $425,000. A rocketship-and-moon combo sold for $200,000. A frog-and-crown combo sold for $105,000. You may be thinking: These…