BITCOIN

Tesla CEO and unabashed dogecoin fan Elon Musk wants the Coinbase exchange to end its “No DOGE Allowed” policy and list the meme-based cryptocurrency. Musk tweeted an exclamatory “Yes” on Saturday after a Twitter user asked the billionaire investor whether Coinbase should enable the Shiba Inu-represented cryptocurrency on its platform. Musk’s Twitter reply.Source: https://twitter.com/elonmusk/status/1370557948494233604 A listing on Coinbase would expose dogecoin to a whole new breed of investor and thus unleash its potential. That’s because the U.S.-regulated exchange is considered synonymous with institutional investors and high net worth individuals. Tesla bought bitcoin worth $1.5 billion…

Anchor, the much-anticipated cryptocurrency savings account from the team at Terraform Labs, appears to be finally nearing a go-live date, based on a countdown clock on its website. Under the plan announced last summer, Anchor would allow users to hold Terraform’s UST stablecoin, pegged to the U.S. dollar, and earn returns that consistently outpace the annual percentage yield (APY) of savings accounts at U.S. banks. Anchor represents a significant new decentralized finance application independent of Ethereum (where most of the DeFi action takes place): a basic savings account that should be more…

A number of social tokens, or cryptocurrencies supporting online communities, tanked early Sunday after a reported security breach at Roll. Tokens like WHALE, RARE and PICA tanked more than 50% during the early European hours, according to data provider CoinGecko. Meanwhile, the RLY token of competing social money platform Rally spiked to all-time highs. The founder of WHALE, a social coin underpinned by a basket of non-fungible tokens (NFTs), confirmed the hack on Twitter, stating that 2.17% of the coin’s supply has been compromised and the rest is secure in the cold storage. Whale price dumpSource: @NiftyReport Roll…

The total locked-in value of decentralised finance is now a staggering 310 billion and the market keeps on growing as more and more investors are starting to shift towards DeFi; which is great news because the blockchain industry can’t possibly grow without the support of its world wide users, and at the same time, traffic is the main thing that will keep projects going in the long run. As the DeFi industry continues to evolve, Chainge, a coded financial platform customised for both institutional and individual investors, is in full swing…

On February 26, 2021, CoinFans(bi-fans.com)’ global universal version was officially launched. This is a global decentralized computing power asset management and trading platform that integrates cloud computing power purchase, mining machine purchase, digital wallet, digital economic information and other functions. CoinFans escorts all miners, so that all retail investors and more people have the right to participate in cloud mining, rather than a simple oligarch monopolizing the interests of the entire mining industry. In addition, the CoinFans platform will launch special mining machines for users to participate in. CoinFans will start…

In2020, the market in the encrypted world is completely driven by DEFI.The reason why DeFi can produce such a huge boost is mainly becauseit can meet the real needs of the market with actual products. DEXsuch as Sushiswap provides a realistic pricing mechanism forlong-tail assets by simplifying the market-making model; through decentralized lending, Compound has created a basic production modelfor basic financial assets; the curve, which focuses on stable currency exchange, has found another way. The “lending + LP”compound financial product model has enabled the establishment ofDeFi’s financial attributes; and…

Business analytics firm MicroStrategy has made yet another large bitcoin (BTC, -0.15%) purchase, buying a further $15 million worth. MicroStrategy announced Friday it purchased approximately 262 more BTC at an average price per coin of $57,146, just a little over $1,000 away from the cryptocurrency’s all-time high. This latest purchase brings the firm’s total bitcoin holdings to around 91,326, bought for an average of $24,214 apiece. At the time of writing, this is equal to around $5.1 billion, compared to the approximate $2.21 billion MicroStrategy paid for them. The company’s share price has partly recovered from a…

This week, two developments point toward continued interest in bitcoin as a medium of exchange, the reason the “commerce on the internet” meme may be more accurate than the “digital gold” narrative. One of the developments is the debut of a service allowing use of Lightning – a protocol built to scale transactions on the Bitcoin blockchain – for payments with online merchants that use the Visa network. The company behind the service is called Moon, and it uses a similar mechanism to that used by other bitcoin commerce startups, such as Fold. The…

The white-hot market for non-fungible tokens has become so big, NFTs are even showing up in the headlines of mainstream publications like the New York Times and on cable news programs. But can the craze have much of an effect on bitcoin (BTC, -0.41%)? Probably not, at least for now. The oldest and largest cryptocurrency, which, at around $57,000, ended a weeklong winning streak Friday, sits at the center of digital-asset markets, accounting for some 62% of the overall industry’s $1.7 trillion market capitalization. So it would stand to reason there might be some spillover…