With major crypto assets such as Bitcoin and Ethereum hitting a volatile period after a solid third Quarter, the close of the year sees a pause in the recent market uptrend for many blockchains – some are set to buck the trend Since the Columbus-5 deployment at the end of September, the Terra ecosystem has…
Read more
Ledger on it's official Twitter account has just announced it will be adding more mainstream cryptocurrencies to its Ledger Live App. For those not in the know, Ledger is one of the few Cold Wallets you can buy on the market right now to store your cryptocurrency securely. The full list of cryptocurrencies it will…
Read more
Welcome to the Daily Discussion. Please read the disclaimer, guidelines, and rules before participating. Disclaimer: Consider all information posted here with several liberal heaps of salt, and always cross check any information you may read on this thread with known sources. Any trade information posted in this open thread may be highly misleading, and could…
Read more
As Venezuelans have struggled to survive the pandemic during times of dictatorship, the crypto company Circle collaborated last year with the countries’ opposition to financially aid healthcare workers who were abandoned to a broken-down system with almost no proper medical equipment and a discouraging $15 a month salary. Today $1 equals 45,000,000,000,000,000 bolivars –although it has been devalued to look like 4,5 VES–, a cipher too large to comprehend, much like the general panorama. The basic food basket is calculated over $300 a month, but the minimum wage is roughly $7, and last year many doctors were making as much a $15 a month. Financial Times published a report where they describe the methods used by the interim president to bypass the Maduro regime’s tight grip that would not allow citizens to receive any type of external aid. As Gideon Long’s report remembers, the U.S. sanctions on Venezuela had made the situation worse for its citizens with the state funds frozen in U.S bank accounts, but the politicians who oppose the government –with Guaidó recognized by Washington as Venezuela’s legitimate president– found leverage in that by managing to access the accounts after convincing the US Treasury of doing so. But how would they get the money to the health carers’ hands if the government was extremely against it? Legitimized or not, Venezuela is still under Maduro’s control, so the banks were not a possibility, but stablecoins were. During the bumpy road, the crypto era opened a pathway that wouldn’t have been there a decade ago. Circle, U.S.–based fintech innovator Airtm and Juan Guaido’s team collaborated in what they claim to be the first “use of stablecoins for foreign aid“, the “only viable option available”. Circle says on its website: “we were able to put in place an aid disbursement pipeline that leveraged the power of USDC — dollar-backed, open, internet-based digital currency payments — to bypass the controls imposed by Maduro over the domestic financial system and put millions of dollars of funds into the hands of people fighting for the health and safety of the people of Venezuela.” Maduro’s regime did its best to block the Airtm platform, where healthcare workers would receive the aid, but Guaidó’s team published a guide on how to use the Canadian company TunnelBear’s VPN, which provided free services for a while. Many countrymen have said that not much changed for Venezuelans either way but at the same, the landmark that collaborations like this ones create show the possibilities that the crypto era we are entering can offer in situations of despair. It’s not all about the market, it’s also about freedom. Related Reading | Venezuelan Airport To Accept Payment In Bitcoin Inside The Effects Of Crypto As the countrymen were already in a heartbreaking situation, the times of Covid came around and Venezuela entered deeper despair. Numbers on deaths cannot be officially traced because the regime covers them up to make itself look better, and all we are left is with the abandoned voices of its victims. Guillermo Herrera Gallo, a Venezuelan doctor that currently works for the Red Cross in the country, was one of the health workers to receive the bonus. He made comments to newsBTC about his personal experience regarding the financial aid through the decay of Venezuela’s health system. Herrera said that the aid didn’t make much of a difference for the lives of doctors, but he did see relief in the eyes of nurses who could finally afford a better meal and supplies for their children. He thinks that the method and platform used were strongly beneficial when facing a national currency devaluation that has become useless and was pleased with how secure using AirTM feels like. Circle adds that this event remarks “the freedom of people to transact, even in the face of brutal dictatorships. It also marks a historic moment where in order to execute on foreign aid objectives, economic and political leaders have turned to stablecoins. ” Related Reading | How Bitcoin is The Answer To Venezuela’s Stuck-At-Sea Oil Supply
In recent times the Ethereum network has received a lot of criticism about the protocol’s data transfer fees and scalability. In a blog post called “Endgame,” published on December 6, the co-founder of Ethereum, Vitalik Buterin discussed plans to improve scaling, the upcoming proof-of-stake transition, and censorship resistance. Buterin Outlines Plausible Ethereum Scaling Roadmap in […]
DeFi presents a wealth of opportunity for investors, but there are also risks. Here are three metrics investors use to analyze decentralized finance tokens and their associated protocols.
On Monday, it was determined by a Miami court that Craig Wright, the alleged creation of Bitcoin, would pay $100 million in damages to David Kleiman, Wright’s partner. The case had dragged on for about a year and finally came to an end with this judgment. This time, Wright did not appeal the judgment as the computer scientist believed it to be fair. Furthermore, Wright said that the judgment on the part of the court solidifies his claim to be the original Bitcoin creator, which is something the computer scientist has claimed for a long time. Wright was ordered to pay the $100 million to the heirs of David Kleiman who claimed the late computer scientist’s estate was entitled to half of the 1.1 million BTC mined by Satoshi Nakamoto. Related Reading | Despite Red Bitcoin, On-Chain Signals Flip Green How Wright May Have Come Out Ahead One important tidbit, in this case, is that Wright may actually be Satoshi Nakamoto as he claims. If this is true, then the computer scientist is in possession of the 1.1 million BTC that was mined by the creator wallet after the Bitcoin blockchain was launched. The bitcoins contained in this wallet are worth an estimated $70 billion, of which Kleiman’s heirs claimed to be entitled to half of this. With $70 billion in tow, the $100 million ordered by the courts to be paid to Kleiman’s estate is only a drop in the ocean for Craig Wright. So, in total, the entrepreneur would have come out ahead having to only pay a tiny fraction of what Kleiman would have had if his share of the BTC had been awarded to him. Wright would get to keep $70 billion all to himself. BTC slumps to $48K | Source: BTCUSD on TradingView.com Kleiman who passed away in 2013 at the age of 46 was said to be close friends with Craig Wright, with whom he allegedly created Bitcoin. The Kleiman family also credits the intellectual property behind the bitcoin blockchain technology to the late computer scientist. “Bitcoin Creator” Happy With Jury Verdict For years, Craig Wright has been involved in lawsuits regarding his status as the creator of Bitcoin. Wright has claimed countless times that he created the digital asset but no one in the space has taken the computer scientist seriously and has been referred to as an impostor. However, the alleged Bitcoin creator claims that the jury verdict finally acknowledges him as the creator of the asset. Related Reading | Goldman Sachs CEO Sidesteps Bitcoin Inquiries, Says Blockchain Is More Important In a statement made after the trial, Wright explained that the jury has found out that he indeed created bitcoin and as such would not be appealing the judgment. He also expressed relief at the verdict, saying, “I have never been so relieved in my life.” Although Wright continues to hold up his claim that he is Satoshi Nakamoto, he denies the claims that he and Kleiman launched the cryptocurrency together. He said the claims being made by Ira Kleiman on behalf of Dave Kleiman’s estate were false, adding that there is no paper trail that shows evidence of a partnership between them. One thing Wright refused to admit is where the about 1.1 BTC in dispute are. The computer scientist has been careful not to mention anything regarding the bitcoin stash. Whether Wright has or ever had the bitcoins in his possession remains a mystery. Featured image from CryptoPotato, chart from TradingView.com
I’m fairly new still in the ecosystem of Ethereum and I was wondering Besides mining, what is some good ways to bring in ETH without having to put into much money. submitted by /u/MastermindTheZ [link] [comments]
Today has thrown out some of the angriest rant posts I’ve seen in a while. The spicier, the more likes, it’s pretty sad honestly. Idk if people are really this worked up or just farming to farm I honestly don’t care if your farming I do care if your that upset. Guys if you’re so…
Read more
submitted by /u/BakedPotato840 [link] [comments]
