Who launched bitcoin

Share to Twitter Share to Linkedin Discounts on the two largest cryptocurrency funds hit all-time lows as the digital assets market suffered one of its most volatile weeks. Namely, shares of the Grayscale Bitcoin BTC Trust (GBTC), the world's biggest bitcoin fund with $18.3 billion in assets under management, have been trading at a 30.79% discount against the fund’s net asset value. As a private-placement trust that trades like a stock, GBTC allows investors to get exposure to bitcoin without actually having to buy the asset. The fund’s manager, New York-based Grayscale Investments, takes care of the custody in exchange for an annual management fee of 2%. The company’s other product, the $6 billion Grayscale Ether ETH eum Trust (ETHE), has also seen its discount widen to 34.22% this week. The offering carries a slightly higher fee tag of 2.5%. While the heavy discounts could be seen as a bearish indicator of investor sentiment, they also offer … [Read more...] about Grayscale Bitcoin And Ethereum Trust Discounts Hit All-Time Lows

LedgerX co-founder Paul Chou is building on the sale of the company he created by raising capital for a new kind of cryptocurrency that can be spent on Earth, the Moon, Mars and beyond. I t’s just before midnight on a rainy autumn Friday. Paul Chou and his entourage dodge puddles on the runway of the Teterboro Airport in New Jersey as they board a Gulfstream private jet bound for Las Vegas. The flight attendant cracks open a bottle of champagne and with a nod welcomes the passengers aboard. The girls disappear into the back and emerge minutes later wearing sequined cocktail dresses and feather boas. Sensing she’s in for a party, the attendant offers a round of tequila shots just as the inertia from the plane taking off to the Bellagio Hotel & Casino forces her laughing into her seat. Ostensibly, Chou, 38, is celebrating not only his birthday but the sale for an undisclosed amount of LedgerX, the ground-breaking bitcoin derivatives firm he co-founded with his wife in … [Read more...] about Bitcoin Trailblazer Raises Capital To Create Interplanetary Cryptocurrency

Share to Twitter Share to Linkedin After Covid-19 restrictions were lifted and the economy reopened, the job market became hot. Businesses couldn’t find—and continue to not be able to find—enough talent to meet their needs. If you’re searching for a new job, you have an abundance of choices. However, the United States is starting to experience events that may cause the job market to slow down. Sadly, the good times cannot—and will not—last forever. What Is Spooking The Job Market? Within the past year, the labor market has seen a robust recovery. On Friday, the U.S. Department of Labor reported that 428,000 jobs were added in April, with the unemployment rate remaining steady at 3.6%. Last month, the New York Times reported, “The economy has recovered more than 90% of the 22 million jobs lost at the peak of the pandemic’s lockdowns in the spring of 2020—a far swifter rebound than forecasters initially expected.” The stock market was also … [Read more...] about Be Prepared For Hiring Freezes And Layoffs

Share to Twitter Share to Linkedin The Securities Exchange Commission (SEC) of Nigeria has published new rules relating to the issuance, exchange and custody of digital assets in the country. This comes 20 months after the Commission initially issued a statement on how it would classify and treat digital assets. “Digital assets” is a catch-all term for all types of crypto assets. SEC’s position is in stark contrast to that of the Central Bank of Nigeria (CBN), which currently restricts local financial institutions from doing business with crypto-related businesses. Notably, the new SEC rules require token issuance platforms and exchanges to maintain trust accounts with receiving banks. Overall, this development could bring legitimacy to crypto and related businesses and ultimately open new doors for crypto usage in Nigeria, which is one of the leading countries for crypto adoption globally . SEC’s rules could also provide the CBN with a framework … [Read more...] about Nigeria Issues Crypto Asset Rules In A Move That Could Boost Adoption

Share to Twitter Share to Linkedin Technical analysis has become a go-to strategy for many traders to build strategies and gauge market strategy. It is a broad subject, but at its core technical analysis relies on the use of charting tools and indicators to gauge market momentum and trends. This information can then be used to identify buy and sell signals, as well as getting an early sense of when market sentiment is starting to shift. However, technical analysis is not without is criticisms, especially when it comes to crypto. Indicators can be wrong, or send off conflicting signals. Additionally, crypto’s relatively short lifespan, especially beyond Bitcoin and Ethereum, provide little historical data to test strategies and assumptions. Additionally, concerns surrounding wash trading and market manipulation, although know unique to crypto, can be problematic. One of the industry leaders in providing crypto-specific technical analysis is Katie … [Read more...] about How Technical Traders Apply Their Expertise To Crypto Markets

Share to Twitter Share to Linkedin Over the past week and a half, in one of the largest wealth-destroying events in crypto history, we witnessed the horrific unravelling of the Terra ecosystem. Terra, prior to its demise, was one of the most promising and ambitious crypto ecosystems with one key mission - to build the largest algorithmic stablecoin. A thriving community of builders, investors and believers rallied around this mission, with Terra’s brash co-founder Do Kwon touted as their messiah. While critics called it a ponzi with unsustainable economics, Terra’s bold mission attracted billions of dollars of capital from prominent backers and grew so large that many deemed it “too big to fail”. And then it all came crashing down. Brief History of Terra & UST Terra was created by a startup called Terraform Labs in 2018, founded by Do Kwon and Daniel Shin. There are two key parts to the Terra blockchain: TerraUSD (UST) and LUNA. UST is an … [Read more...] about The Death Spiral: How Terra’s Algorithmic Stablecoin Came Crashing Down

Share to Twitter Share to Linkedin Web3 is the term used to describe the “next level” of the internet - following on from web 1 (HTML, or the “world wide web”) and web 2 (social media, and the user-generated web). Although exactly what defines a web3 site, service or application is still the subject of some debate, it’s generally agreed that it will be decentralized, with infrastructure that is owned by the users and creators. It will also be deeply linked to the real world due to being built on Internet of Things (IoT) technology and to the concept of immersive, connected environments (aka the “ metaverse ”). It’s fair to say that, as I am writing this post, web3 is very much a work-in-progress, and different people have some very different ideas about what it will end up looking like. However, the fundamental principles are very much operational today and are being used to create a new generation of digital platforms and services that are already … [Read more...] about The Internet Of The Future: Here Are Best Examples Of Web3 In Practice

Share to Twitter Share to Linkedin What would encourage you to do more exercise? The obvious answer, say the founders of STEPN , is cold hard cash. Their move-to-earn running app offers its users cash rewards to get more active and has already persuaded millions of people to sign up in the space of just a few months. It’s a simple enough principle, explains Yawn Rong, co-founder of STEPN. “We wanted to incentivise people to change their behaviour and do more exercise,” he says. “It’s a way to share the benefits of Web3 technologies with a new and diverse pool of fitness enthusiasts.” To participate, users must download the STEPN app and then buy a virtual pair of sneakers in the form of a non-fungible token (NFT). Once they’ve done that, each time they go for a walk, jog or run outside, STEPN’s GPS tracking and motion sensor technology monitors how far they have travelled and rewards them with tokens. These tokens can then be spent inside the game – on … [Read more...] about Meet STEPN, The Crypto App That Promises To Pay You To Get Fit

The bottom fell out from one of crypto’s fastest growing blockchains, LUNA, which promised to succeed where bitcoin failed. Its predictable collapse reverberated across the entire crypto market and is forcing investors to pick up the pieces. C rypto’s history has been defined by five resets. The first came in 2014 when what was basically the only bitcoin exchange in the world, Mt. Gox, imploded following a nearly half-billion-dollar hack. The second, in 2016, was The DAO hack, when an attacker tricked a smart contract into giving away $60 million worth of ethereum, worth $8 billion today. The third, in January 2018, occurred when the ICO bubble popped, starting a year-long decline wiping out 60% of the crypto market or more than $700 million mostly in the form of worthless junk tokens. The fourth took place in March 2020 when crypto lost 40% of its value along with most other global financial markets. Each reset not only led to price-market capitalization increases, they … [Read more...] about Crypto’s Great Reset: How Digital Asset Investors Will Recover From The Market’s $1 Trillion Meltdown

Game stocks are nosediving this year after a gravity-defying 2021 thanks to their connections with the metaverse and non-fungible tokens (NFT), two fads that thrilled punters last year. Investors are generally jittery about potential interest rate hikes and specifically nervous about the weakness of the cryptocurrency market, which both the metaverse and NFT rely on. Metaverse games have their own crypto tokens that players can buy and use online. NFTs are often traded using cryptocurrencies. Shares of Krafton, the developer of Battlegrounds, tumbled more than 20 percent this month while NCSoft has slid more than 10 percent. They are the two biggest game developers in Korea by market cap. The impact on smaller developers has been even stronger. Shares of Wemade are down more than 20 percent this year, while its subsidiary Wemade Max, a blockchain-based game developer, are down almost 20 percent. Devsisters, known for its Cookie Run game, tumbled 17 percent and Com2uS Holdings … [Read more...] about Game stocks discover gravity in 2022