Elon Musk’s Tesla Sold Bitcoin in Q1, Earnings Report Reveals

May 1, 2021 BTC, Technology Dairesce 0

Tesla has cashed out some of its Bitcoin. In an investor call today, the electric carmaker reported its Q1 2021 earnings and revealed $272 million in proceeds and a “$101M positive impact” from a net cash outflow of $1.2 billion in crypto. According to Tesla CEO Elon Musk, the company “sold 10% of its holdings […]

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Sonic the Hedgehog Creator Sega Is Launching its Own NFTs

May 1, 2021 Business Dairesce 0

Sega, the video game giant behind Sonic the Hedgehog, is making a move into the NFT industry. According to a Twitter post by Sega, the Tokyo-based developer is partnering with blockchain startup double jump.tokyo to create NFTs based around Sega’s IP. Per Ledger Insights, double jump.tokyo has received an investment from Sega’s holding company for […]

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Hasbro CEO: NFTs ‘A Real Opportunity’ For Magic: The Gathering

May 1, 2021 Business Dairesce 0

Hasbro CEO Brian Goldner has said that the toy and game manufacturer is considering incorporating non-fungible tokens (NFTs) into brands such as Magic: The Gathering—a world famous collectible card fantasy game. “We’ll continue to monitor and look at what appears to be an accelerating Magic business,” Goldner said during a quarterly earnings call, adding, “The […]

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Ethereum Moves Toward ETH 2.0 With ‘Super Experimental’ Testnet

May 1, 2021 ETH, Technology Dairesce 0

Ethereum 2.0—the forthcoming proof-of-stake blockchain that promises to be faster and cheaper than the current network—is getting ready to deploy. Developers at several Ethereum software labs, as part of the ETH Global Scaling Hackathon project called Rayonism, today launched what one researcher termed “a super experimental Eth1-Eth2 post-merge testnetwork.” About 30 min from now we’re […]

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Crypto’s Cold War: US and China’s Battle for Blockchain Supremacy

April 30, 2021 Long Reads Dairesce 0

America’s relationship with China could be best described as “frosty”. The first and second-largest economies in the world have increasingly found themselves at loggerheads; from trade to finance, artificial intelligence to telecoms. China and the US have also clashed diplomatically over China’s handling of its neighbors, in particular, Taiwan. China sees the island nation as […]

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Turkish Exchange Thodex Sent $125M in Bitcoin to Kraken Before Closing: Report

April 30, 2021 BTC, Coins Dairesce 0

Between August 2020 and February 2021, roughly 5,000 Bitcoin worth an estimated $125 million at the time of trading (and over $280 million in today’s value), left wallets owned by now-shuttered Turkish exchange Thodex and landed in US exchange Kraken, according to Israel-based blockchain tracking firm Whitestream. Whitestream, which has contracts with the Israeli Defense […]

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DOJ Ransomware Panel to Propose ‘Aggressive’ Bitcoin Regulations: Report

April 30, 2021 BTC, Technology Dairesce 0

A panel of experts established by the US Department of Justice last week to combat ransomware is expected to recommend “aggressive tracking of Bitcoin and other cryptocurrencies,” according to a report from Reuters today that cited anonymous sources. The potential recommendations would expand the regulatory requirements on cryptocurrency exchanges and hold them to similar standards […]

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Why Aave Is Bringing Yield Farming to Its DeFi Platform

April 30, 2021 DeFi, LEND Dairesce 0

In the “DeFi Summer” of 2020, Compound brought the heat by pulling out an old concept, liquidity mining. Its willingness to reward lenders and borrowers in its COMP governance tokens helped make it the biggest lender in all of Ethereum. Now, in an effort to keep pace, decentralized finance (DeFi) competitor Aave is trying out […]

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$3.6 Billion in Bitcoin Options Expire Friday. Here’s What That Means

April 30, 2021 BTC, Coins Dairesce 0

About $3.6 billion in Bitcoin options are due to expire tomorrow, giving speculators their last chance to either buy the asset at a predetermined price or sell. If many investors choose the latter, expect to see more Bitcoin available in the market. If they exercise their option, it could push the price up. Data from […]

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Goldman Sachs: Bitcoin’s Energy Problem Undermines Idea Of Digital Gold

April 30, 2021 BTC, Business Dairesce 0

Goldman Sachs analysts said yesterday that Bitcoin cannot yet be seen as digital gold, on account of the cryptocurrency’s massive energy demands. Competition from other cryptocurrencies and a worrying lack of use cases were also cited as concerns in a research note released by the bank. As a result, the report claims, it is therefore “too […]

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DeFi, NFT Booms Send MetaMask Past 5 Million Active Users

April 30, 2021 DeFi, ETH Dairesce 0

MetaMask, an Ethereum-based cryptocurrency wallet, has registered five million active users, according to its creator, blockchain software firm ConsenSys (which also funds an editorially independent Decrypt.) MetaMask is a browser extension and mobile app that allows people to interact with decentralized applications (dapps) on the Ethereum blockchain via a wallet where they can store the […]

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