Reddit and Ethereum Foundation to Build Blockchain Scaling Solution Together

The Reddit platform, which calls itself the "home page of the Internet," today announced a partnership with the Ethereum Foundation to develop solutions for blockchain scaling.

“We are committed to accelerating progress in scaling and developing the technology required to run large-scale applications such as Ethereum-powered Community Points. The scaling technology developed within the framework of this cooperation will be based on the principles of open source, and anyone can use it, ”writes the administrator of the portal jarins.

Together, Reddit and the Ethereum Foundation can work on both the creation of new solutions for scaling the second level, and the withdrawal of already proposed technologies from the design stage to the operational one.

Last year, Reddit, as part of the Community Points program, launched its own tokens for users of the r / Cryptocurrency and r / FortNiteBR subreddits. Its idea is to reward users for quality content with the ability to exchange tokens for insignia and other privileges. ERC20-tokens MOONS and BRICKS are presented on the Rinkeby testnet, but users have found a way to exchange them for real cryptocurrency.

In the summer, the portal encouraged developers to come up with solutions to scale their cryptocurrency initiative with a view to potentially expanding it to its multi-million dollar user base. Currently, the site is visited daily by over 50 million users.

“At this stage of cooperation, our efforts will be focused on bringing Ethereum to the scale of Reddit. Our blockchain activity will be spearheaded by the crypto team Reddit. We are currently hiring backend developers looking to build a decentralized internet, added jarins. "If you are interested in solving complex problems, including scaling and bringing the blockchain to millions of users, contact us."

Guggenheim CIO Says “Institutional Demand Not Strong Enough to Keep Bitcoin Price Above $30,000”

https://bit.ly/3omzsYR

For more updates : https://twitter.com/CoinGapeMedia

Investors invested $ 180 million in bitcoin fund through IPO on the Toronto Stock Exchange

Ninepoint Partners LP today reported on the successful completion of an initial public offering (IPO), which it organized for its bitcoin fund, raising $ 180 million.

“This is the largest initial public offering of a bitcoin investment fund in Canada to date,” said Ninepoint Managing Partner Josh Wilson.

According to the press release, trading in the shares of the trust will also start on the Toronto Stock Exchange, where they will be presented under the tickers “BITC.U” and “BITC.UN” depending on the currency of the quote - the US dollar and the Canadian dollar, respectively. Prior to this, Ninepoint secured the approval of the Canadian regulator to list its securities.

Thus, Ninepoint is competing with Grayscale, which is many times larger than it in terms of assets and has over $ 20 billion in Bitcoin alone. Ninepoint, however, expects to take advantage of the 0.7% lower managerial rate and no requirement to hold shares before the sale. In comparison, Grayscale charges its customers 2% per year. Like the Grayscale bitcoin trust, Ninepoint "intends to achieve its investment objectives by investing directly in bitcoin using high quality services." The custody division of the American cryptocurrency exchange Gemini will be responsible for storing Ninepoint bitcoins.

This is not the first foundation for Ninepoint. The company specializes in alternative investments, including funds related to precious metals and real estate.

SEC Releases Official Statement on Recent Market Volatility Owing to GME and AMC Price Pump
https://bit.ly/2NQDPiB

For more updates https://twitter.com/CoinGapeMedia

As a result of yesterday's events, the redditors from r / wallstreetbets were blocked in Discord (another adherents of free speech), after which they successfully moved to Telegram, their channel already has more than 80,000 members.

Today they announced that they will pump the price of stock exchange shares during the day and switch to crypto at night.

🔥 Robinhood has already reacted by limiting cryptocurrency trading due to "unusual market conditions" and has asked banks for a $ 1 billion loan to weather the market surge in volatility.

One of the developers of the Robinhood application, which is now the most popular for investment among ordinary users, shared an insider that the management introduced the restriction on the purchase of shares and cryptocurrencies after a number of calls from a number of large hedge funds affected by user actions, as well as from the White House.

UPD. A short extract from the dialogues in the WSB redditors chat:
• We continue to hold GameStop this week.
• On the next one we will choose something else from the stock market.
• If you can't buy GME, buy and hold BTC.
• Crypt is good, but we'll come back to it later.
• We are not a pump group, and this is not about making money, we just want to bend funds, as they were bending us for a long time.

Ethereum relaunches its rocket takeoff to $1,500

https://bit.ly/3tahtsa

For updates: https://twitter.com/CoinGapeMedia

Dogecoin (DOGE), which burst into the top 10 of the cryptocurrency rating by capitalization, was not the most profitable for the week. The largest growth in seven days was demonstrated by the Tokenlon (LON) token from the second hundred of the list.

Apparently we still do not know something. Crypto signals for global movements?

Taking into account the algorithms and selection time, such wallet names can be selected forever. Hmmm 🎄☑️

🔸Elon Musk Says Bitcoin is the Financial Furture, Regrets Not Buying it Earlier🔸

https://bit.ly/39DlSMJ

For updates: https://twitter.com/CoinGapeMedia

📊 Cryptocurrency market statistics for January

• Bitcoin has set a new all-time high of $ 42,000

• Ethereum also broke the all-time high of $ 1450

• Cryptocurrency market capitalization reached $ 1 trillion for the first time

• The volume of trading on exchanges broke a record $ 900 billion

• Trading volume on the largest decentralized exchange Uniswap exceeded $ 30 billion

• BTC miners earned over $ 1.09 billion in January, the largest value since December 2017

• ETH miners earned $ 800 million, which exceeds the previous all-time high of three years ago.

MicroStrategy Buys Another $10 Million in Bitcoin, Now Holds 71,079 BTC in Total Worth $2.5 Billion
https://bit.ly/2MiBtZn

For Trading signals follow us:https://bit.ly/3tahtsa

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While the Bitcoin exchange rate continues to be at approximately the same level, the number of coins on cryptocurrency exchanges is dropping significantly. This means that investors withdraw BTC from trading platforms for long-term storage.

This trend is reminiscent of what happened at the end of 2016. At that time, the cryptocurrency was valued at $ 700-900.

$MYST now lives on @BittrexGlobal exchange ⚡️

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💎 Key NFT News

- Jake Bruchman of CoinFund posted a great article on NFT liquidity this week.
- Well-known investor Mark Cuban has been involved in NFT in recent days.
- The new NFT Hashmasks project quickly attracted a lot of attention. Here is a description of what the project is about.
- Cooper Turley has posted an excellent overview of the NFT release situation.

Tifon gas station network to start accepting cryptocurrencies

Tifon, a network of Croatian petrol stations, will begin accepting cryptocurrency payments for fuel and other products and services in partnership with Electrocoin.

Through a partnership with cryptocurrency payment platform PayCek from Electrocoin, 46 Tifon gas stations in Croatia will begin accepting BTC, ETH, XLM, XRP and EOS for goods and services.

According to Nikola Škorić, Electrocoin CEO, PayCek will convert cryptocurrencies to Croatia's national currency, the kunas, and then transfer them to Tifon.

Tifon said the new service could be popular with foreign and local tourists who visit Croatian cities and coastlines in summer. Tifon Chief Financial Officer Ana Lokas said:

"Although cryptocurrency payments in Croatia are still in the early stages of expansion, with the introduction of this payment option at all Tifon stations, we expect further growth and development in this sector."

Recall that in 2019, the Croatian Post announced a test launch of the service for exchanging cryptocurrencies for cash in the city of Zadar. The service was also provided in partnership with Electrocoin.

Tesla Buys $1.5 Billion in Bitcoin Days After Elon Musk Twitter Bio Change

https://bit.ly/3a0yXzT

For Trading signals follow us:https://bit.ly/3tahtsa

❗️ Tesla bought Bitcoin for $ 1,500,000,000. Elon contributes to the crypto, more than all known CryptoHipers!

Sponsor of yesterday's pump. - $ 132M loss from Habit Candle Giant

Short at maximum BNB, ETH, BTC?

The recent rise in the Dogecoin rate against the background of Elon Musk's tweets did not pass without a trace. In particular, CoinMetrics analysts noted the activation of addresses that were previously inactive.