Author: dfmines

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

My guess is Coinbase is running on fractional reserves and doesn't wanna lose out on it's governance rewards so they are artificially delaying withdrawals of ALGO. I don't know about you guys but after I get my ALGO's withdrawn I'm finding an alternative to CoinBase. They have officially lost my business which is a shame…
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At the height of the bitcoin rally, end-of-year predictions had flown around with abandon. Most had placed the price of the digital asset at $100,000 before 2021 ran out. With the movement of the asset at that point, one could easily look at those predictions and see how it could be a possibility. However, the crypto market has proved again that there is really no telling what might happen with it. Bitcoin had ridden the wave up to $69,000 but that would prove to be the top of that rally as a crash sent the price back towards $40,000 not too long after. Now, the price of bitcoin is struggling to regain its footing above $50,000. Related Reading | Investors Take Refuge In Bitcoin As Inflation Rises Hoping To Finish At $50,000 Craig Erlam, a market analyst at Oanda, has given thoughts on bitcoin in a recent client note. The analyst noted that although many had been hoping for the price of bitcoin to finish the year above $100,000, market momentum had dashed those hopes and now a finish above $50,000 for the year is what is being hoped for. Another analyst at Oanda, Edward Moya, notes that the digital asset had taken a beating alongside big techs which had sent its price towards its current levels. Nevertheless, the analyst added that despite this, the market continues to face a medium to long-term bullish outlook. “The cryptocurrency space is seeing a lot of repositioning and that is leading to some unwanted selling pressure, but the medium to long-term outlook remains strong,” said Moya. BTC holding steady above $47,000 | Source: BTCUSD on TradingView.com How Is Bitcoin Ending 2021? Analyst Craig Erlam notes that bitcoin has had another chaotic week of trading. This has been the case since the first market crash rocked the market at the beginning of December, sending the market straight into the red. However, bitcoin has managed to pick up support at $47,000, which the analyst said means that the digital asset is unlikely to give up this price. Related Reading | WikiLeaks And Bitcoin: A Crypto Love Story? On the other hand, crypto bulls are also trying to pull bitcoin out of the current trend. The holidays have already begun, signaling the end of the year, and the bulls would prefer to end what has been a “stellar year” on a positive note. “Many were hoping for six figures by year-end, now they may be crossing their fingers and hoping for half that,” said Erlam. Finishing at $50,000 is not necessarily a bad finishing point for bitcoin. Compared to the beginning of the year, it would mark an at least $20,000 higher close. Featured image from CNBC, chart from TradingView.com

The team behind Polygon, the protocol dedicated to interconnected blockchain networks like Ethereum, and Alexis Ohanian’s Seven Seven Six venture capital company have revealed a $200 million investment fund in blockchain-based social media projects. According to the announcement, the partner’s mission is to attempt to bridge blockchain, Web3 technology, and social media together. Polygon and […]

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

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

submitted by /u/killer-kelvin [link] [comments]

It is completely unuseable in my eyes with gas fees of ~300USD PER TRANSACTION. Why don't people use BNC or something similar that allows for basically no cost transactions? ​ edit: so many* in the title submitted by /u/Hxndr1k [link] [comments]

NFT mania may have cooled, but the industry is still booming. Melania Trump, Whitney Houston and Applebee’s made NFT-inspired headlines this week.

Justin Sun, Tron Foundation’s founder and one of the most controversial figures in the crypto space, will leave his current position. The entrepreneur has accepted an offer from the Government of Grenada and will work as the country’s new Ambassador to the World Trade Organization (WTO). 🎉🎉🎉Congratulations @HEJustinSun on his appointment as Ambassador, Permanent Representative of Grenada to the World Trade Organization. @WTO #WTO Minister of Foreign Affairs Oliver Joseph with H.E. Mr. Justin Sun👇👇👇 pic.twitter.com/q3mdUULqa3 — GrenadaWTO🇬🇩 (@GrenadaWTO) December 17, 2021 The TRON founder was received by Grenada’s Minister of Foreign Affairs, Oliver Joseph, as seen in the image above. Due to his new position, Sun will now be referred to as his excellency as announced via a new Twitter handle. Related Reading | Tron Founder Justin Sun Purchases Joker Inspired BAYCTron For A Record $15 Million Sun said: I have accepted the invitation and appointment of the Grenadian Gov. to officially serve as the Ambassador, Permanent Representative of Grenada to the World Trade Organization in #Geneva. I will be working in full capacity to represent Grenada’s national interests (…). In his personal account, the Tron Founder shared an open letter to his community and talked about the importance of developing a relationship between regulators and the crypto industry. While highlighting the benefits for “all mankind” in developing an “unlimited, decentralized” financial infrastructure, Sun also said: Sovereign states are the most fundamental building blocks of the world order. The due recognition of the blockchain industry by sovereign states will be the final milestone towards achieving a truly decentralized financial infrastructure. According to a Bloomberg report, Sun has been living in Grenada since 2019 and will start moving away from any crypto projects. Sun will exercise his functions at the WTO Headquarters in Geneva, Switzerland. TRON Without Sun, Where Is The Network Going? The entrepreneur has been the object of much controversy. His background, the way the TRON Network was launched, and his alleged centralization, almost every aspect of Sun’s life has been at the center of the argument. Upon his departure from the Tron Foundation, Sun declared the network as “essentially decentralized”. The organization itself was apparently dissolved on July 25, 2021, Sun said the following: The “justinsuntron,” “BitTorrent,” and “µTorrent,” have officially withdrawn from TRON representatives. Instead, the entire TRON network is now run by 27 SRs hosted by the community. In that sense, Sun believes TRON has entered a new age of decentralization and called his followers to “embrace the decentralize future”. (6/6)💪I do not doubt that #TRON has embarked on a new phase of true decentralization. 🙌In the new era, blockchain technology will enable a decentralized financial infrastructure for all people! So let us embrace the future together! — Justin Sun 🅣🌞 (@justinsuntron) December 17, 2021 The Bloomberg post claims Sun gained some notoriety in 2020 after he participated in a charity auction and won a dinner with legendary investor Warren Buffett. The dinner apparently caused some tensions between Sun and the Chinese government, although these reports only remained as speculations. The Tron founder has been around for much longer in the crypto space, as the mainstream media failed to report. He has been involved in arguments with Vitalik Buterin, the inventor of Ethereum, and other figures. In addition to that, Sun faced a lawsuit from former employees at BitTorrent. The plaintiffs accused Sun of harassment and other violations in the work environment. Whether Sun will bring the same level of controversy as in the crypto space to the WTO Headquarters only time will tell. Related Reading | Justin Sun Offers $50M Dogecoin For TRX And BTT SpaceX Satellite Launch As of press time, TRX trades at $0,07 with a 7.5% loss in the past day.