Bearish or Bullish? Bitcoin Traders Argue Over Death Cross Outcome
On Saturday, cryptocurrency analysts and traders have been discussing bitcoin’s recent chart patterns and the infamous death cross pattern has been a topical conversation. A number of traders believe when bitcoin’s short-term moving average (MA) dips below the long-term MA, the crypto asset could be bracing for a major sell-off. Meanwhile, others are sure the death cross technical pattern means the price is due to rebound and possibly double-top to higher values than the previous all-time high.
The Return of the Infamous Death CrossOn June 19, a number of Twitter conversations, forum posts, and even headlines discussed the technical pattern called the death cross in regard to bitcoin’s (BTC) chart. Bloomberg published an article concerning the death cross on Saturday and the publication featured a few statements from billionaire investor Mark Cuban. The definition of a death cross stemming from Investopedia notes the pattern suggests “the potential for a major sell-off.” The website’s definition adds:
The death cross appears on a chart when a stock’s short-term moving average crosses below its long-term moving average. Typically, the most common moving averages used in this pattern are the 50-day and 200-day moving averages.
However, the death cross doesn’t necessarily mean a bearish market is due. Investopedia details that death cross events led to traditional stock market crashes during the past century including 1929, 1938, 1974, and 2008. Death crosses are not unusual and data from Canterbury Investment Management indicates the Dow Jones Industrial Average has experienced 84 death crosses since 1929. The popular economist and trader Alex Krüger recently discussed the situation of a death cross in relation to BTC/USD charts.
“The Death Cross takes place when the 50 day moving average crosses below the 200 day moving average,” Krüger tweeted. “The Death Cross takes place when the 50 day moving average crosses below the 200 day moving average. Journalists love writing about how a death cross could bring forth a bear market. However, one week historical returns following a bitcoin death cross are POSITIVE. Relax,” Krüger stressed.
Picture via Alex Krüger on Twitter.
The popular creator of the bitcoin stock-to-flow model, Plan B, also tweeted about the infamous death cross on Saturday. “Study this chart to see what happened [the] last two times the death cross happened, Q4 2019 and Q1 2020,” Plan B said to his 566,000 followers.
Picture via Plan B on Twitter.
However, an individual named Mohit Sorout responded to Plan B’s tweet and noted that there’s been a number of death cross occasions throughout bitcoin’s lifetime.
“There have been 6 past death crosses in bitcoin’s lifetime,” Sorout replied to Plan B. “4 have resulted in enormous downside. The two that didn’t lead to a downtrend were towards the end of a bear market, not after a full blown bull run. Choose your bias wisely,” he added.
On Saturday, cryptocurrency analysts and traders have been discussing bitcoin’s recent chart patterns and the infamous death cross pattern has been a topical conversation. A number of traders believe when bitcoin’s short-term moving average (MA) dips below the long-term MA, the crypto asset could be bracing for a major sell-off. Meanwhile, others are sure the death cross technical pattern means the price is due to rebound and possibly double-top to higher values than the previous all-time high.
The Return of the Infamous Death CrossOn June 19, a number of Twitter conversations, forum posts, and even headlines discussed the technical pattern called the death cross in regard to bitcoin’s (BTC) chart. Bloomberg published an article concerning the death cross on Saturday and the publication featured a few statements from billionaire investor Mark Cuban. The definition of a death cross stemming from Investopedia notes the pattern suggests “the potential for a major sell-off.” The website’s definition adds:
The death cross appears on a chart when a stock’s short-term moving average crosses below its long-term moving average. Typically, the most common moving averages used in this pattern are the 50-day and 200-day moving averages.
However, the death cross doesn’t necessarily mean a bearish market is due. Investopedia details that death cross events led to traditional stock market crashes during the past century including 1929, 1938, 1974, and 2008. Death crosses are not unusual and data from Canterbury Investment Management indicates the Dow Jones Industrial Average has experienced 84 death crosses since 1929. The popular economist and trader Alex Krüger recently discussed the situation of a death cross in relation to BTC/USD charts.
“The Death Cross takes place when the 50 day moving average crosses below the 200 day moving average,” Krüger tweeted. “The Death Cross takes place when the 50 day moving average crosses below the 200 day moving average. Journalists love writing about how a death cross could bring forth a bear market. However, one week historical returns following a bitcoin death cross are POSITIVE. Relax,” Krüger stressed.
Picture via Alex Krüger on Twitter.
The popular creator of the bitcoin stock-to-flow model, Plan B, also tweeted about the infamous death cross on Saturday. “Study this chart to see what happened [the] last two times the death cross happened, Q4 2019 and Q1 2020,” Plan B said to his 566,000 followers.
Picture via Plan B on Twitter.
However, an individual named Mohit Sorout responded to Plan B’s tweet and noted that there’s been a number of death cross occasions throughout bitcoin’s lifetime.
“There have been 6 past death crosses in bitcoin’s lifetime,” Sorout replied to Plan B. “4 have resulted in enormous downside. The two that didn’t lead to a downtrend were towards the end of a bear market, not after a full blown bull run. Choose your bias wisely,” he added.
Canada’s Largest Green Bitcoin Mining Firm Expands Public Trading With Nasqad Listing
One of the largest Canadian renewable energy-focused cryptocurrency mining firms BitFarms has been listed on the New York-based American stock exchange Market NASDAQ.
Cryptocurrency mining firms earn transaction fees in the native token of the specific network such as bitcoin, Ethereum, and Litecoin, for securing and processing transactions on the networks.
The firm started as a bitcoin mining farm in 2017 but has since diversified its portfolio through partnerships and established five industrial mining facilities in Quebec.
”We are proud to be a leader in the industry in setting the highest standards for ourselves and our mining operations and to be uplifting to one of the most prestigious stock exchanges in the world.”
Bitfarms to Become The Largest Green Crypto Mining CompanyBitfarms prides itself as the greenest mining company on the bitcoin network and uses 99% of its hydropower to power 1% of the network. The listing is an important achievement and a significant milestone that follows years of development and ambition, Bitfarms said.
“When Bitfarms begins trading on the Nasqad, it will be the largest publicly traded Bitcoin miner in Both America using greater than 99% hydroelectric renewable electricity.”.
After the Nasqad debut, Bitfarms slumped 8% to $3.9 on Monday during its first day of trading and other mining companies like Marathon Digital Holdings and Riot Blockchain. However, Bitfarms had been publicly trading on the Toronto Stock Exchange for two years.
The slump has been linked to the ongoing crackdown of crypto mining firms in China, which has led to major sell-offs of various cryptocurrencies, including bitcoin as well as a drop in the value of mining equipment.
Despite the price slump, Bitfarms said in Mid-June that the global redistribution of the Bitcoin hash rate has so far been benefiting the firm.
“As the hashrate of Chinese miners drops, Bitfarms has earned higher transaction fees and increased its shares of the total Bitcoin network hashrate.”
As a result of the crackdown, Bitfarms has been earning more Bitcoin using the same hashrate and costs of operations.
Bitfarms Expansion Plan with Foundry PartnershipThe listing comes two months after Bitfarms entered into a joint partnership with Foundry Digital, a subsidiary of Digital Currency Group. Foundry provides financing for mining bitcoin and other cryptocurrencies mining equipment, as well offering access to equipment manufacturers.
The partnership has facilitated the purchase of 2,465 Whatsminer M3OS Bitcoin mining machines, which have collectively increased Bitfarms operating hashrate by 133PH/s.
The Nasdaq listing also adds to the growing number of companies with cryptocurrency companies with public listings, including Coinbase and Grayscale. Other top non-crypto currency firms with exposure to crypto through partnerships, investments, or side ventures, include Microsoft, Square, Paypal, Visa, Goldman Sachs, MicroStrategy, and Mastercard.
One of the largest Canadian renewable energy-focused cryptocurrency mining firms BitFarms has been listed on the New York-based American stock exchange Market NASDAQ.
Cryptocurrency mining firms earn transaction fees in the native token of the specific network such as bitcoin, Ethereum, and Litecoin, for securing and processing transactions on the networks.
The firm started as a bitcoin mining farm in 2017 but has since diversified its portfolio through partnerships and established five industrial mining facilities in Quebec.
”We are proud to be a leader in the industry in setting the highest standards for ourselves and our mining operations and to be uplifting to one of the most prestigious stock exchanges in the world.”
Bitfarms to Become The Largest Green Crypto Mining CompanyBitfarms prides itself as the greenest mining company on the bitcoin network and uses 99% of its hydropower to power 1% of the network. The listing is an important achievement and a significant milestone that follows years of development and ambition, Bitfarms said.
“When Bitfarms begins trading on the Nasqad, it will be the largest publicly traded Bitcoin miner in Both America using greater than 99% hydroelectric renewable electricity.”.
After the Nasqad debut, Bitfarms slumped 8% to $3.9 on Monday during its first day of trading and other mining companies like Marathon Digital Holdings and Riot Blockchain. However, Bitfarms had been publicly trading on the Toronto Stock Exchange for two years.
The slump has been linked to the ongoing crackdown of crypto mining firms in China, which has led to major sell-offs of various cryptocurrencies, including bitcoin as well as a drop in the value of mining equipment.
Despite the price slump, Bitfarms said in Mid-June that the global redistribution of the Bitcoin hash rate has so far been benefiting the firm.
“As the hashrate of Chinese miners drops, Bitfarms has earned higher transaction fees and increased its shares of the total Bitcoin network hashrate.”
As a result of the crackdown, Bitfarms has been earning more Bitcoin using the same hashrate and costs of operations.
Bitfarms Expansion Plan with Foundry PartnershipThe listing comes two months after Bitfarms entered into a joint partnership with Foundry Digital, a subsidiary of Digital Currency Group. Foundry provides financing for mining bitcoin and other cryptocurrencies mining equipment, as well offering access to equipment manufacturers.
The partnership has facilitated the purchase of 2,465 Whatsminer M3OS Bitcoin mining machines, which have collectively increased Bitfarms operating hashrate by 133PH/s.
The Nasdaq listing also adds to the growing number of companies with cryptocurrency companies with public listings, including Coinbase and Grayscale. Other top non-crypto currency firms with exposure to crypto through partnerships, investments, or side ventures, include Microsoft, Square, Paypal, Visa, Goldman Sachs, MicroStrategy, and Mastercard.
Tendermint introduces Emeris: all-in-one dashboard for cross-chain crypto apps
Tendermint, an open network infrastructure provider with a focus on the Cosmos blockchain ecosystem, today introduced Emeris, a one-stop portal for all crypto apps, no matter what blockchain they run on. Starting as a non-custodial, cross-chain DeFi portal, Emeris will extend its suite of products to other tools including a mobile app and a browser extension wallet.
Blockchain AgnosticThe goal of Emeris is to integrate decentralized applications (dApps) from different blockchains. Moreover, it will provide access to various types of sector protocols, from lending and yield farming to NFT marketplaces, payment applications, data storage, and many other use-cases.
Emeris BetaFor this month’s beta launch, Emeris will initially focus on cross-chain DeFi. Emeris will provide users with a dashboard presenting a consolidated view of their crypto holdings across multiple Cosmos chains. Initially, supported chains will include Cosmos Hub, Crypto.com, Akash Network, IrisNet, Persistence, Osmosis, Regen Network, and Sentinel. Plans are for new chains will be regularly integrated.
In addition to its asset management capability, the Emeris dashboard comes with two flagship features:
Tendermint, an open network infrastructure provider with a focus on the Cosmos blockchain ecosystem, today introduced Emeris, a one-stop portal for all crypto apps, no matter what blockchain they run on. Starting as a non-custodial, cross-chain DeFi portal, Emeris will extend its suite of products to other tools including a mobile app and a browser extension wallet.
Blockchain AgnosticThe goal of Emeris is to integrate decentralized applications (dApps) from different blockchains. Moreover, it will provide access to various types of sector protocols, from lending and yield farming to NFT marketplaces, payment applications, data storage, and many other use-cases.
Emeris BetaFor this month’s beta launch, Emeris will initially focus on cross-chain DeFi. Emeris will provide users with a dashboard presenting a consolidated view of their crypto holdings across multiple Cosmos chains. Initially, supported chains will include Cosmos Hub, Crypto.com, Akash Network, IrisNet, Persistence, Osmosis, Regen Network, and Sentinel. Plans are for new chains will be regularly integrated.
In addition to its asset management capability, the Emeris dashboard comes with two flagship features:
Bitcoin’s Value Dropped 8% This Week, Analyst Says Equities Correction Could Impact Crypto
Digital currency markets have slipped in value this week as bitcoin has shed more than 8% of its value over the last seven days. The entire market capitalization of all 10,000+ crypto assets has also dropped 3.4% in value to $1.25 trillion on Monday. Crypto markets are following the trend of large drops seen across stock markets on Monday morning, as equities have significantly decreased in value.
Crypto Markets Follow Monday’s Stock Market Rout, Entire Crypto Market Cap Sheds Over 3%Bitcoin dropped to a low of $30,400 on July 19, losing approximately 8.64% during the last week as the leading crypto asset slid 3.3% in 24 hours. Bitcoin’s market valuation is $575 billion at the time of writing and there’s $19 billion worth of BTC trade volume on Monday.
The top five trading pairs with BTC include USDT, USD, BUSD, JPY, and EUR. The stablecoin tether (USDT) commands over 56% of today’s BTC trades. Out of the $1.25 trillion, BTC captures 46.4% of the overall valuation, while ethereum (ETH) commands 17% of the entire crypto economy.
Digital currency markets have slipped in value this week as bitcoin has shed more than 8% of its value over the last seven days. The entire market capitalization of all 10,000+ crypto assets has also dropped 3.4% in value to $1.25 trillion on Monday. Crypto markets are following the trend of large drops seen across stock markets on Monday morning, as equities have significantly decreased in value.
Crypto Markets Follow Monday’s Stock Market Rout, Entire Crypto Market Cap Sheds Over 3%Bitcoin dropped to a low of $30,400 on July 19, losing approximately 8.64% during the last week as the leading crypto asset slid 3.3% in 24 hours. Bitcoin’s market valuation is $575 billion at the time of writing and there’s $19 billion worth of BTC trade volume on Monday.
The top five trading pairs with BTC include USDT, USD, BUSD, JPY, and EUR. The stablecoin tether (USDT) commands over 56% of today’s BTC trades. Out of the $1.25 trillion, BTC captures 46.4% of the overall valuation, while ethereum (ETH) commands 17% of the entire crypto economy.
On Curbing Market Manipulation, Sen. Warren Tells Why She’s Skeptical Of Bitcoin As An Inflation Hedge
The cryptocurrency market requires tighter regulation to benefit small-scale investors and enable the government to push back on the whale-ridden market, according to Senator Elizabeth Warren.
The Chair of the Senate Banking Subcommittee made the remarks during an interview with CNBC, adding that heavy money movers often manipulate the price of crypto assets like bitcoin by taking advantage of lax crypto-regulatory guidelines.
The cryptocurrency market requires tighter regulation to benefit small-scale investors and enable the government to push back on the whale-ridden market, according to Senator Elizabeth Warren.
The Chair of the Senate Banking Subcommittee made the remarks during an interview with CNBC, adding that heavy money movers often manipulate the price of crypto assets like bitcoin by taking advantage of lax crypto-regulatory guidelines.
Binance US CEO Suddenly Steps Down, Cites ‘Differences’ With Colleagues
Brian Brooks is resigning as chief executive officer of crypto exchange Binance.US just three months after he was appointed to the position.
Brooks unveils to his 57,900 followers the reason behind his sudden departure.
“Greetings crypto community. Letting you all know that I have resigned as CEO of BinanceUS. Despite differences over strategic direction, I wish my former colleagues much success. Exciting new things to come!”
Brian Brooks is resigning as chief executive officer of crypto exchange Binance.US just three months after he was appointed to the position.
Brooks unveils to his 57,900 followers the reason behind his sudden departure.
“Greetings crypto community. Letting you all know that I have resigned as CEO of BinanceUS. Despite differences over strategic direction, I wish my former colleagues much success. Exciting new things to come!”
Some really interesting news about TrendGuru AI project has been popping up in many crypto related media in the last few days. It looks like Artificial Intelligence has started a revolution in the crypto market!
TrendGuru AI - a very old project in the field of market data analysis, announces revolutionary results and finally goes public. This is bound to be a game changer in the cryptocurrency markets. The best AI analytics is now available to everyone with @TrendGuruBot.
«After 6 years of developing and testing our artificial intelligence on our deposits, we are ready to present you the latest and greatest version of our robot. It is an artificial intelligence bot that provides high-profit and low-risk signals for trading in cryptocurrency markets. The technology is based only on pure mathematics and the latest developments in the field of self-learning systems. Simply following the instructions of the system will allow you to consistently receive three-digit returns every year.»
Read more in TrendGuruAI channel and earn hundreds of percent even in a falling market! Definitely recommended!
TrendGuru AI - a very old project in the field of market data analysis, announces revolutionary results and finally goes public. This is bound to be a game changer in the cryptocurrency markets. The best AI analytics is now available to everyone with @TrendGuruBot.
«After 6 years of developing and testing our artificial intelligence on our deposits, we are ready to present you the latest and greatest version of our robot. It is an artificial intelligence bot that provides high-profit and low-risk signals for trading in cryptocurrency markets. The technology is based only on pure mathematics and the latest developments in the field of self-learning systems. Simply following the instructions of the system will allow you to consistently receive three-digit returns every year.»
Read more in TrendGuruAI channel and earn hundreds of percent even in a falling market! Definitely recommended!
Not sure what to do with ERC-20 tokens of failed projects?
Project iQuantXchange (https://iquant.exchange) swap ERC-20 tokens of failed projects for IQX token. The startup has been around for over a year, and during that time it has established itself as a stable platform for swapping worthless tokens for the promising IQX token, which will become the utilitarian token of their new exchange service.
The iQuantXchange will distribute all proceeds from transaction fees to all IQX token holders and is potentially a very powerful investment tool. So powerful, in fact, that some users are buying tokens from failed projects to exchange them for IQX.
To participate in this swap you just need to go to their website https://iquant.exchange, go to Swap Rate Checker section and enter the token you want to get rid of. You will be shown the exchange rate. Then just register and make the exchange. Get answers to questions about this project you can here: https://iquantx.medium.com/learn-about-the-project-from-this-faq-948250871307 or in the project's Telegram group @iQuantX
Project iQuantXchange (https://iquant.exchange) swap ERC-20 tokens of failed projects for IQX token. The startup has been around for over a year, and during that time it has established itself as a stable platform for swapping worthless tokens for the promising IQX token, which will become the utilitarian token of their new exchange service.
The iQuantXchange will distribute all proceeds from transaction fees to all IQX token holders and is potentially a very powerful investment tool. So powerful, in fact, that some users are buying tokens from failed projects to exchange them for IQX.
To participate in this swap you just need to go to their website https://iquant.exchange, go to Swap Rate Checker section and enter the token you want to get rid of. You will be shown the exchange rate. Then just register and make the exchange. Get answers to questions about this project you can here: https://iquantx.medium.com/learn-about-the-project-from-this-faq-948250871307 or in the project's Telegram group @iQuantX
InfStones joins interoperable blockchain protocol Persistence as validator
InfStones, a blockchain infrastructure service provider, announced today it has partnered with Persistence, an interoperable blockchain protocol. InfStones will be joining the Persistence mainnet as a validator in order to provide staking services to the community.
“The Persistence ecosystem is growing rapidly and with this expansion, we are dedicated to working and growing our network security. The addition of InfStones to the ecosystem is a long stride in achieving our goal as they are one of the most trusted validators by leading exchanges and networks.”– Tushar Aggarwal, Co-Founder & CEO of Persistence
InfStones, a blockchain infrastructure service provider, announced today it has partnered with Persistence, an interoperable blockchain protocol. InfStones will be joining the Persistence mainnet as a validator in order to provide staking services to the community.
“The Persistence ecosystem is growing rapidly and with this expansion, we are dedicated to working and growing our network security. The addition of InfStones to the ecosystem is a long stride in achieving our goal as they are one of the most trusted validators by leading exchanges and networks.”– Tushar Aggarwal, Co-Founder & CEO of Persistence
Forwarded from TrendGuru AI
Great deal from the first half of August. Very fast, very profitable.
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Closed deal DENT/USDT
Open: $0.00231274, 04.08.2021
Close: $0.00462374, 13.08.2021
Profit: +99.92%
Duration: 9 days
Briefly about the instrument:
Dent is a revolutionary player in the market of mobile communications and data services. Today, around half of the world’s population has restricted access to mobile services because of the high prices traditional mobile carriers offer. Dent brings in the power of blockchain technology to revolutionize this and provide global access to mobile airtime and data.
Dent eliminates the understanding that your mobile data is tied to your location by becoming a global digital mobile operator. Dent offers plans that suit today’s global citizens’ needs by removing roaming fees and introducing international mobile plans. Everything on the Dent platform is purchased through DENT tokens, meaning that all transactions are recorded on the blockchain, and there is no chance for a customer to pay for something and not receive it. Unlike traditional mobile operators, Dent aims to make mobile airtime and data available globally to anyone interested, regardless of their location.
Subscribe to @TrendGuruBot and earn hundreds of percent in any market conditions.
💵💵💵
Closed deal DENT/USDT
Open: $0.00231274, 04.08.2021
Close: $0.00462374, 13.08.2021
Profit: +99.92%
Duration: 9 days
Briefly about the instrument:
Dent is a revolutionary player in the market of mobile communications and data services. Today, around half of the world’s population has restricted access to mobile services because of the high prices traditional mobile carriers offer. Dent brings in the power of blockchain technology to revolutionize this and provide global access to mobile airtime and data.
Dent eliminates the understanding that your mobile data is tied to your location by becoming a global digital mobile operator. Dent offers plans that suit today’s global citizens’ needs by removing roaming fees and introducing international mobile plans. Everything on the Dent platform is purchased through DENT tokens, meaning that all transactions are recorded on the blockchain, and there is no chance for a customer to pay for something and not receive it. Unlike traditional mobile operators, Dent aims to make mobile airtime and data available globally to anyone interested, regardless of their location.
Subscribe to @TrendGuruBot and earn hundreds of percent in any market conditions.
Forwarded from TrendGuru AI
One more great deal in August. Low risk. Huge profit. Everything as we love.
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Closed deal IOTX/USDT
Open: $0.021736, 04.08.2021
Close: $0.070366, 24.08.2021
Profit: +223.73%
Duration: 21 days
Briefly about the instrument:
IoTeX is the decentralized backbone for machine economics which serves machines ranging from smart home devices to autonomous vehicles. To this end, IoTeX has built and launched a fast, high-performance, and EVM-compatible blockchain that provides flexibility and scalability for various applications. Also, middlewares and Dapps are built on top of the blockchain to bring self-sovereign devices and real-world oracles into reality.
IoTeX has several mechanisms that ensure the privacy of users and transactions. Some of these are ring signatures and the reliable payment code that hides the transaction receiver’s address. Delegated proof-of-stake works by having stakeholders vote for the block producers on the network. The number of block producers is set and once they are elected, they are responsible for adding new blocks to the blockchain. For doing it, they receive rewards that they can distribute to the stakeholders who voted for them, incentivizing block producers to continue working and stakeholders to continue voting for block producers.
This is a very promising project with a strong and experienced development team. Subscribe to @TrendGuruBot and earn hundreds of percent on such projects with our AI.
💵💵💵
Closed deal IOTX/USDT
Open: $0.021736, 04.08.2021
Close: $0.070366, 24.08.2021
Profit: +223.73%
Duration: 21 days
Briefly about the instrument:
IoTeX is the decentralized backbone for machine economics which serves machines ranging from smart home devices to autonomous vehicles. To this end, IoTeX has built and launched a fast, high-performance, and EVM-compatible blockchain that provides flexibility and scalability for various applications. Also, middlewares and Dapps are built on top of the blockchain to bring self-sovereign devices and real-world oracles into reality.
IoTeX has several mechanisms that ensure the privacy of users and transactions. Some of these are ring signatures and the reliable payment code that hides the transaction receiver’s address. Delegated proof-of-stake works by having stakeholders vote for the block producers on the network. The number of block producers is set and once they are elected, they are responsible for adding new blocks to the blockchain. For doing it, they receive rewards that they can distribute to the stakeholders who voted for them, incentivizing block producers to continue working and stakeholders to continue voting for block producers.
This is a very promising project with a strong and experienced development team. Subscribe to @TrendGuruBot and earn hundreds of percent on such projects with our AI.
Jack Dorsey’s Square Sets Out To Build A Decentralized Bitcoin Exchange
Jack Dorsey, CEO, and founder of Square has announced that the payments company’s recently established department, TBD, will be building a decentralized exchange (DEX) for Bitcoin.
“We’ve determined @TDB54566975’s direction: help us build an open platform to create a decentralized exchange for Bitcoin,” Dorsey said in a recent tweet.
TBD was first announced in July without much clarification when Dorsey stated that Square would be building a new business focused on providing “non-custodial, permissionless, and decentralized financial services” for Bitcoin.
Jack Dorsey, CEO, and founder of Square has announced that the payments company’s recently established department, TBD, will be building a decentralized exchange (DEX) for Bitcoin.
“We’ve determined @TDB54566975’s direction: help us build an open platform to create a decentralized exchange for Bitcoin,” Dorsey said in a recent tweet.
TBD was first announced in July without much clarification when Dorsey stated that Square would be building a new business focused on providing “non-custodial, permissionless, and decentralized financial services” for Bitcoin.
SolRazr Raises $1.5 Million To Build First Decentralized Developer Ecosystem for Solana Blockchain
September 7, 2021 – Singapore, Singapore
Solana based venture platform SolRazr has unveiled the first decentralized developer ecosystem for the Solana blockchain, comprising launchpad, accelerator, and developer tools.Designed to be the de-facto fundraising and developer platform for projects building on Solana, SolRazr aims to support the growth of decentralized finance (DeFi) on the high-performance network.
“Solana will power SolRazr to help projects raise capital at lightning speed, and to help investors contribute at negligible transaction costs,” said Sreekanth Kalapur, Co-Founder of SolRazr. “The platform is not only fast and inexpensive but also secure and bot-proof, providing fair and truly decentralized allocations for the SolRazr community. SolRazr is not just a launchpad; we are building a platform with a host of developer tools to help anyone build fast on Solana.”
September 7, 2021 – Singapore, Singapore
Solana based venture platform SolRazr has unveiled the first decentralized developer ecosystem for the Solana blockchain, comprising launchpad, accelerator, and developer tools.Designed to be the de-facto fundraising and developer platform for projects building on Solana, SolRazr aims to support the growth of decentralized finance (DeFi) on the high-performance network.
“Solana will power SolRazr to help projects raise capital at lightning speed, and to help investors contribute at negligible transaction costs,” said Sreekanth Kalapur, Co-Founder of SolRazr. “The platform is not only fast and inexpensive but also secure and bot-proof, providing fair and truly decentralized allocations for the SolRazr community. SolRazr is not just a launchpad; we are building a platform with a host of developer tools to help anyone build fast on Solana.”
Fintech Firm Revolut Pays for Dallas-Based Wework Workspace With Bitcoin
The cryptocurrency-infused financial tech company Revolut has announced it has purchased a Wework office with bitcoin. Revolut detailed that the office space in Dallas, Texas will house 300 employees to prepare for the company’s U.S. expansion.
Revolut Pays Bitcoin for Wework Property in TexasOn September 16, 2021, Revolut, the fintech firm that offers users cryptocurrency services and aims to provide the world with a “global financial superapp” announced a deal with Wework. According to the announcement, Revolut will be leveraging the Wework workspace at 6900 Dallas Parkway in Dallas, Texas. Revolut details that the payment for the workspace was settled in bitcoin (BTC). The company said on Thursday:
Revolut will also be Wework’s first enterprise member to sign new space using cryptocurrency, specifically bitcoin, as it establishes its largest office yet in the U.S.
The cryptocurrency-infused financial tech company Revolut has announced it has purchased a Wework office with bitcoin. Revolut detailed that the office space in Dallas, Texas will house 300 employees to prepare for the company’s U.S. expansion.
Revolut Pays Bitcoin for Wework Property in TexasOn September 16, 2021, Revolut, the fintech firm that offers users cryptocurrency services and aims to provide the world with a “global financial superapp” announced a deal with Wework. According to the announcement, Revolut will be leveraging the Wework workspace at 6900 Dallas Parkway in Dallas, Texas. Revolut details that the payment for the workspace was settled in bitcoin (BTC). The company said on Thursday:
Revolut will also be Wework’s first enterprise member to sign new space using cryptocurrency, specifically bitcoin, as it establishes its largest office yet in the U.S.
Panther Protocol Partners With Firo to Boost Privacy Technology
Panther Protocol, an end-to-end privacy protocol that integrates blockchains to develop privacy technologies has entered a partnership with Firo, a privacy advocator digital currency that facilitates true financial freedom for users according to a recent announcement.
It is quite interesting that the partnering companies both have their focuses on facilitating privacy infrastructures for financial institutions and large corporations. Hence, the collaboration is likely regarded as a suitable one since both companies are recognized for advocating privacy.
Panther Protocol, an end-to-end privacy protocol that integrates blockchains to develop privacy technologies has entered a partnership with Firo, a privacy advocator digital currency that facilitates true financial freedom for users according to a recent announcement.
It is quite interesting that the partnering companies both have their focuses on facilitating privacy infrastructures for financial institutions and large corporations. Hence, the collaboration is likely regarded as a suitable one since both companies are recognized for advocating privacy.