Category: Cryptocurrency News

A Cornell University economics professor says that the promise of decentralized finance (defi) using blockchain technology is real but bitcoin may not last that much longer. Nonetheless, he admitted bitcoin “has really set off a revolution that ultimately might benefit all of us either directly or indirectly.” Economics Professor Doubts Future of Bitcoin, Praises Defi […]

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Say it isn’t so! Apparently, MicroStrategy ‘s Michael Saylor is considering lending the company’s Bitcoin. On a corporate level, that makes all the sense in the world. As a Bitcoiner, it doesn’t. Will MicroStrategy actually go through with it? Is lending a reasonable strategy? What are the implications? Also, why are hardcore Bitcoiners so against lending? Those questions and more, that’s what we’re here to explore. Related Reading | Michael Saylor Says Bitcoin Is The Oxygen Mask That Will Save Investors In any case, the lending should surprise no one. Saylor has been dropping hints that he intends to do it for a while now. All of this information comes from the “company’s investor day call with shareholders” on Thursday, Bloomberg informs. What Did Saylor Say In MicroStrategy ‘s Call? His exact words were: “There may be opportunities to either put a mortgage against it and generate long-term debt under favorable circumstances, which we could leverage up against the Bitcoin, or we think that we could lend it to a trustworthy counterparty. That could become a good source of income for us, or we could develop it with some kind of interesting applications.” So, they’re still thinking about it and there are a few options on the table. And, even if they choose to lend the Bitcoin for yield, there are infinite possibilities there. What does “a trustworthy counterparty” mean? Is it just a company that can guarantee yield, custody, and return of their BTC? Or are they talking about a company that’ll use that Bitcoin in an ethical way and not short their own investment? That’s one of the main reasons hardcore Bitcoiners are against lending. People who borrow BTC usually use it to short Bitcoin. They bet against the asset and drive the market down. Is that in the best interest of MicroStrategy? Will they partake in the activity for the yield alone? Maybe they won’t. Maybe they’ll find a use case in which the lender doesn’t use their Bitcoin for nefarious purposes.  The other reason Bitcoiners are against lending doesn’t affect MicroStrategy. Hardcore Bitcoiners don’t lend their BTC because they don’t want to lose custody. Self-custody is paramount in Bitcoin culture, and the yield isn’t worth the risk of surrendering your BTCs to another entity.  If the rumors are true, Coinbase is already the custodian of MicroStrategy ’s Bitcoin. Make of that what you will. BTC price chart for 12/17/2021 on EXMO | Source: BTC/USD on TradingView.com MicroStrategy Considers A Bond Option There’s a second quote in the Bloomberg report that points to yet another option. This one might be more akin to what’s going on in the world, but, what do we know? In response to a question, Saylor reportedly said: “I think that we’re still a little bit too soon to say whether there’s a good Bitcoin-backed bond market, but I look forward to exploring that in the future,” he said, adding that he would approach this kind of bond offering if it was accretive to shareholders.”  In other words, MicroStrategy will see how the El Salvador Bitcoin Volcano Bond does, before committing. The eyes of the world are on that investment vehicle, as they’ve been on El Salvador since the country announced the Bitcoin Law. In any case, it should be noted that MicroStrategy is no stranger to bonds. Their “junk bond deal from June (…) currently trades around par, or 100 cents on the dollar, according to Trace bond-pricing data.” Related Reading | Michael Saylor Brings The Thunder To Venezuelan Bitcoin-Only Podcast Bonus: Bitcoin As Digital Property Last but not least, why did we say that Michael Saylor has been dropping hints about the lending of their Bitcoin? Well, in a recent “What Bitcoin Did” episode he talked about Bitcoin being digital property. Perfect. He compared it to a hotel. Ok. In the real world, all hotels have at least 30% of empty rooms. That sounds about right. If that hotel could be in the digital world, the owner could rent all of the rooms all the time, because the demand comes from the whole planet. Where are you going with this, Saylor? In fact, he said, we could rent those rooms every second of every day. WHAT?! This man is definitely considering lending MicroStrategy ‘s Bitcoin. Featured Image by James Coleman on Unsplash – Charts by TradingView

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Adidas has entered the NFT league. On Friday, the sportswear firm will debut a new line of NFTs called Into the Metaverse, which will grant consumers access to a virtual fan club. NFT owners will be able to purchase limited-edition apparel, and Adidas claims that members will help define the products and experiences that the business creates for its NFT community. Adidas Leads NFT Adoption Adidas has unveiled Originals: Into the Metaverse, a non-fungible token (NFT) collection created in collaboration with non-fungible token (NFT) collections Bored Ape Yacht Club, PUNKS Comic, and crypto influencer Gmoney. Nearly 30,000 NFTs will be offered for purchase at a fixed price, with 20,000 reserved for early access sales to owners of partner collections. Erika Wykes-Sneyd, VP of Brand Communications, Adidas Originals said, “This is where people spend their time, how they want to express themselves and what’s going to force brands to act in ways that no one’s comfortable with yet, and it is already in our DNA to be a true collaborator brand.” During the last week of November, the sneaker and sportswear company announced a team up with Coinbase, calling the metaverse “exciting.” Adidas also hinted at collaborating with The Sandbox, a metaverse game. Adidas announced a partnership with the Bored Ape Yacht Club (BAYC), the cryptocurrency investor Gmoney, and the comic series Punks Comic during the first week of December. Last month, the footwear giant sold a collector token that might be used to redeem a future reward. Except that it was unclear when and how much would be redeemable, leaving customers perplexed and prompting some to wonder if Adidas was rushing into NFTs to keep up with other brands. The Originals collection, on the other hand, which debuted less than a month after Adidas’ first token appearance, is far more on-brand. Furthermore, given the reach and popularity of its partners, Adidas’ launch puts it in a strong position to compete with brands with more established ventures in this market. BTC crashes to $46k | Source: BTCUSD on TradingView.com Related article | Will NFTs Kill Traditional Art? Famed Collector Cozomo de’ Medici Makes The Case Blockchain Is The Most Innovative Of This Generation, Says Chief Digital Officer Adidas has also purchased a “Indigo Herz” NFT from the Bored Ape Yacht Club (BAYC). According to the wallet’s NFT summary, the BAYC NFT Indigo Herz is formally known as Bored Ape Yacht Club #8774, and Adidas has a tiny collection of NFTs. “Leading up to the launch, Adidas confirmed members were given the chance to redeem a POAP (Proof of Attendance Protocol) NFT status badge, commemorating their presence at the start of the brand’s metaverse journey,” the company’s NFT collection announcement details. “It’s so refreshing to see a culturally influential brand like Adidas Originals work so closely hand-in-hand with the NFT community,” said Gmoney. “At every step, they’ve included the right partners from the crypto, metaverse, and NFT community and listened to their thoughts at an early stage.” Nike, Adidas major competitor, stated last month that it is interested in the Metaverse as well. On November 18, Nike published a blog post titled “Nikeland,” detailing how the company has established itself in the popular virtual environment Roblox. Nike made a major step on Monday by purchasing NFT company RTFKT, which is recognized for its digital sneakers and robust NFT community. Related article | The Most Prominent NFT Platforms and Their Tokens Featured Image from Pixabay | Charts by TradingView

NEO blockchain was launched in 2014 (was called Antshares back then, changed to NEO in 2017). NEO uses decentralized Byzantine fault tolerant (dBFT) consensus mechanism (modified proof-of-stake protocol1). NEO blockchain has a two token system (unlike Ethereum blockchain which has only one native token): NEO and GAS. GAS is the token that is used to…
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Just wondering with all of the glitches on CB, is our staked E2 safe? submitted by /u/Environmentalpusher [link] [comments]