Author: dfmines

Need suggestions to move my portfolio to cold wallets. submitted by /u/Ancient-Mix-5616 [link] [comments]

Proof-of-work models are evolving to support the growth of Web 3.0. Here’s 3 projects that offer miners substantial rewards for supporting the network.

Yes if you have at least 1 ETH. View Poll submitted by /u/Fabulous-Pea7254 [link] [comments]

In mid-June, the ‘Speedy Trial’ lock-in period for the Bitcoin network upgrade Taproot locked in at block height 687,285 and was mined by the bitcoin mining pool Slushpool. Taproot is expected to activate on the network on Saturday, November 13, 2021, and the upgrade is considered one of the largest changes the protocol has seen […]

We're currently sitting at block 709,436. The activation block is set to be mined at 709,632. At the current hash rate, we can expect to see the activation go live in just over 24 hours, sometime during this coming weekend. Assuming everything goes off without a hitch, this network upgrade will increase network efficiency as…
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I was picking up dinner for the family and I paid with my Coinbase card. I was shocked and delighted when the cashier asked how I was liking my Coinbase card. I have been using it for 5 or so months and no one had ever mentioned it before. We only talked for a minute…
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News of Elon Musk selling Tesla shares has rocked the market lately. The billionaire had sold a total of 2.15 million shares valued at $5 billion on Thursday. The sale comes after a widely received poll that the Tesla boss had earlier set up on Twitter to ask the community what they think about him selling off the shares. At the time, the stocks Musk had proposed to sell had been worth around $25 billion. After the poll went live, it had garnered over 3.5 million votes, with the majority saying that he should sell off the shares. It was a close call though as only 58 had voted in favor of the sale. The rest of the votes opposed the sale. Related Reading | AMC Theatres Says Customers Will Soon Be Able To Pay With Shiba Inu Musk’s simple Twitter poll had adversely affected the price of Tesla stocks. Two days after the poll went live, Tesla shares had fallen 16%, costing Musk $50 billion. Now, it seems Musk went with the majority as he had eventually sold off some of his stocks. Why Musk Sold Tesla Shares Billionaire Elon Musk had sold the Tesla shares to pay income taxes which he had incurred after a 2.2 million shares acquisition. Like his previous sale in 2016, the proceeds from the sale had gone to paying the billionaire’s hefty income taxes. However, instead of the 10% which he had polled his Twitter followers regarding, Musk had ended up only selling 3% of his total Tesla holdings. Doge price trending around $0.25 | Source: DOGEUSD on TradingView.com Musk, who is currently the richest man in the world, had begun to sell shares on Monday. He initially sold 934,000 shares out of the 2.2 million he had acquired. This had amounted to $1.1 billion which had gone towards his income taxes, but this proved to be not enough as Musk had to perform an unplanned sale of another 3.6 million Tesla shares. The SpaceX and Tesla CEO had raised $3.88 billion from the unplanned sale over the course of Tuesday and Wednesday, putting the proceeds towards income taxes once again. Musk has now sold a total of 4.5 million shares so far. If he is to stick to the original figure posted on the Twitter poll, then the CEO will need to offload another 12.5 million shares. Crypto Market Speculates On Musk’s Sale Despite the proceeds from the sale of Tesla shares being put towards income taxes incurred by the billionaire, the crypto community has had a field day speculating what Musk will do with all of the money. Some had speculated that he would probably purchase some more bitcoins to add to his existing holdings. Musk, however, did not engage any of these speculations. Now, the dog coin communities, which Musk is a strong proponent of, have begun to wonder if Dogecoin, his favorite meme coin, will see some of that money. Matt Wallace who is a strong supporter of Dogecoin said that the market may see some money come into the meme coin from the billionaire’s sale. Elon Musk just sold 2.15 million shares of Tesla stock worth over $2 billion. More coming. We may see a very large contribution going into #Dogecoin very soon here! — Matt Wallace (@MattWallace888) November 11, 2021 Related Reading | SpaceX Dogecoin-Funded DOGE-1 Mission Set To Launch In Q1 2022 Others are however skeptical that Musk would make such a move. Wallace iterated saying that “Elon has publicly stated he owns Dogecoin. IMO there is a strong chance he will put more in now that he has a lot more cash.” Adding that it was just speculation, hence his use of the word “may” not “will.” Only one thing is for sure when it comes to Musk’s Tesla sale, the proceeds so far have gone to offset income taxes. Whether he would put some of that money towards crypto is left to be seen. Featured image from The World Financial Review, chart from TradingView.com

submitted by /u/TechRelic [link] [comments]

Algorand has had relatively large price movement over the last 24 hours. It's trading volume is up to over 1.7 billion which is the largest I've ever seen it. Additionally, it's price action is inverse to the rest of the market. Bitcoin, Ethereum, Cardano, and Solana are all red while Algorand is massively green. This…
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On a daily basis, things shift and news ventures emerge as old ones fade away. Older names in finance, such as MasterCard, are now finding new ways to stay in touch with the future. During an investment community meeting held on November 10th by MasterCard, an announcement and plan was laid out that is a push in the direction in future economics for the firm, with a highlight specifically around cryptocurrency. Related Reading TA: Ethereum Corrects Sharply, What Could Spark Fresh Increase MasterCard: New Grounds For Old Feet In this plan, MasterCard discussed specific things that will help the crypto community push forward and allow everyday people to feel more safe about using cryptocurrency. The firm spoke that the focus will be built around  “crypto enablement,” which involves spending, cashing out, and cryptocurrency rewards, as well as crypto security, identity services, and network access. This happens also include interoperability, stablecoins and central bank digital currencies (CBDC) – all of which are increasingly hot topics in crypto lately. MasterCard senior executives believe that crypto payment flows, including remittances, traditional finance (TradeFi) and decentralized finance (DeFi) represent a net new volume for the company. This is emphasized by recent partnerships in the Asia Pacific region that will allow consumers and businesses across the area to obtain crypto-linked Mastercard credit, debit and prepaid cards. MasteCard said in late October that the company was working with digital asset platform Bakkt to allow merchants and banks in the U.S. to build cryptocurrency into their offerings, and now we are seeing some of the executional side of that operation. This news can have an impact on who will enter the crypto world, as some believe it will inspire other major firms to get involved; MasterCard competitor Visa has been making initiatives in the space this year as well. Mind Of A MasterCard MasterCard’s executive Vice President Rama Sridhar said that ”in collaboration with these partners that adhere to the same core principles that MasterCard does—that any digital currency must offer stability, regulatory compliance and consumer protection—MasterCard is expanding what’s possible with cryptocurrencies to give people even greater choice and flexibility in how they pay”.                       BTC: Bitcoin currently sits at the top of any coin and is valued at about the 60k | BTC-USD on TradingView.com These partnerships and the roll out behind them could be a great push for parties involved. MasterCard can now tap into a base of people who only utilize crypto currency to make online purchases along with the holders of coins who wish to secure more gains. We don’t know exactly when these will come into play, but after a public announcement like this, we know it’s likely coming in the next year or so. What other top card companies will follow the firm’s lead and start to implement things that involve cryptocurrency? Related Reading | It’s A Man’s Market: NFT Female Artists Made 5% Of Sales In 21 Months