The unbanked population— people without access to banks— is 1.7 billion people worldwide. DeFi may be able to help these people, and a huge development would be giving these people easy access to loans through DeFi. Since these people don’t have any assets (besides for land) it would be almost impossible for them to have…
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Title says it all. I’m looking to drop a good chunk in a low(er) cap alt. Ravencoin has my attention. Let me know why I should buy it. submitted by /u/who-evun_karezz [link] [comments]
Im just trying to buy a graphics card near msrp for gaming.. submitted by /u/AscendedDescent [link] [comments]
Derivatives data and strong fundamentals back retail and professional traders bullish stance on ETH price. submitted by /u/aggresive_frosting [link] [comments]
Coinbase has announced that it plans to invest 10% of all profits in crypto. The exchange is one of the leading crypto exchanges in the world and with their profit margins, 10% will be a big investment going into crypto. All crypto purchases with crypto will be kept on the balance sheet going forward. And the CEO expects this percentage to go up with time. Related Reading | Grayscale Tops Up Ethereum Investment To $10 Billion The exchange has recorded massive profits for the last year alone. Coinbase had announced a total profit of $.17 billion back in 2020. If this directive was in place then, Coinbase would have been putting $170 million in crypto holdings just for 2020 alone. Profit margins for 2021 are projected to be even larger for the year 2021. Given that the company had earlier gone public in the year. Increasing its total valuation. It has previously been disclosed back in February that the exchange held crypto on its balance sheets, which is not a surprise. Their foremost offering is a way for people to exchange their crypto for both fiat and other cryptocurrencies. According to Brett Tejpaul, a Coinbase executive, the company has actually held bitcoin and other cryptocurrencies on its balance sheet since its founding in 2012. With plans to continue investing in crypto projects that they see long-term potential in. Related Reading | Crypto Market Goes Into “Extreme Greed,” What This Means For Bitcoin At the time of this disclosure though, it was not revealed the specific assets that the company held on its balance sheets. Bitcoin was the only specific one named, while others were kept secret. Coinbase Puts $500 Million In Crypto Coinbase CEO Brian Armstrong recently took to Twitter to announce that they had received approval from the board to purchase $500 million worth of crypto to put on the company’s balance sheet. We recently received board approval to purchase over $500M of crypto on our balance sheet to add to our existing holdings. And we'll be investing 10% of all profit going forward in crypto. I expect this percentage to keep growing over time as the cryptoeconomy matures. — Brian Armstrong (@brian_armstrong) August 19, 2021 Related Reading | Number Of Short-Term Bitcoin Holders Hits All-Time Low, How This Affects The Price Following the purchase, the company had to file a disclosure with the SEC outlining the crypto-assets that they had purchased. The report showed that the company had spent the majority of the allocated funds on Bitcoin. With significant investments made into the second leading cryptocurrency in the market, Ethereum. The disclosure outlines that $238 million was spent on cryptocurrencies, with $230 million invested in Bitcoin, while the remaining $53 million was invested in Ethereum. The figures in the disclosure also included the allocation of 10% of the company’s profits into cryptocurrencies, bringing the complete total in the disclosure to $500 million. Going forward, the company plans to strengthen its positions in both Bitcoin and Ethereum with future profits. And is interested in opening positions in other promising cryptocurrencies as well. Leading to a well-rounded crypto portfolio for the company. Crypto total market cap remains above $2 trillion | Source: Crypto Total Market Cap from TradingView.com Featured image from The Guardian, chart from TradingView.com
submitted by /u/idontlikecarrotcake [link] [comments]
I have a rig of 1660’s. I know RVN isn’t most profitable, but I have a theory that when ETH goes to PoS that some other coins (looking at RVN and ERGO) will get more hash power and hopefully increase in profitability. So, I can mine cheap coins now and get a payout later. Is…
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Blockchain infrastructure provider InfStones has announced a $10 million Series A funding round led by Qiming Venture Partners, with participation from DHVC, HashKey Capital, Plug and Play, SNZ Holdings, and the family office of Xinjun Liang, co-founder and former vice-chairman/CEO of Fosun International. The blockchain space has been historically difficult for people with non-technical backgrounds…
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All revenues from the final product (and from other forthcoming revenue streams) will go back into "the furnace," stabilizing the token's LP or initiating a buy-and-burn. This is a unique value proposition that makes the token hyper-hyper deflationary, something that the Useless team came up with first! Useless App preview image [Details](tinyurl.com/ukx4mabp) Questions: Ask away…
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