Paris Hilton Reveals She is a Bitcoiner, says “It’s Definitely the Future”

Paris Hilton Reveals She is a Bitcoiner, says “It’s Definitely the Future”

“Original influencer” Paris Hilton is a Bitcoiner and has been for a while, revealed the socialite and entrepreneur in an interview with CNBC this week.

While Hilton has been busy with the non-fungible tokens (NFT) recently, she is very excited about the leading digital currency and has invested in it.

“I’m very, very excited about (Bitcoin)… It’s definitely the future.”

Hilton is definitely not new in the cryptocurrency industry, and the crypto community was quick to point out that “she’s more OG than all the hedge fund managers who entered in 2020.”

Early on Saturday, Hilton also changed her profile picture with laser eyes.

Currently, Hilton’s interest is in NFTs, in which she got involved last year. “I did my first NFT in March of 2020, and it won the NFT Charity Award, the best one of the year.”

In 2021, NFTs exploded in the scene as artists started to make a fortune out of them.

“To see it just blow up in the past couple months has been so exciting, and I’ve been working together with some incredible artists and doing my first drop in a few weeks.”

Her upcoming NFT is about art, and after that, she will be launching one about music and memorabilia. What’s amazing to her is the endless possibilities with this, and she said she is “learning so much.”

According to her, “it’s amazing that artists can really take back their power,” and all of this has her “fascinated” with it.

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Author: AnTy

Morning Brew Replaces Gold with Bitcoin Because Simply Put It’s “Noteworthy”

Morning Brew Replaces Gold with Bitcoin Because Simply Put It’s “Noteworthy”

“We think our Markets section will be more relevant with bitcoin in it,” says the daily newsletter with over 2.5 million traffic.

“The time has come,” announces Morning Brew as it adds Bitcoin to its markets section and removes gold.

The daily newsletter website with over 2.5 million visitors gives its subscribers a stock market recap every morning, a few short briefs on the most important business news of the day, and a small section with lifestyle content.

On Tuesday, the company announced that they have “finally” added Bitcoin because “Simply put: Its price is noteworthy.”

It then goes on to note how the flagship cryptocurrency has grown tremendously as an asset over the last decade. During this time, it has been “earning wider acceptance among Fortune 500 companies, institutional financial firms, and individual investors alike,” it says.

“We think our Markets section will be more relevant with bitcoin in it.”

This makes sense given that the price of Bitcoin has risen about 14.5x from the March 2020 low, surging to a new ATH of nearly $62,000 this month. Up more than 100% YTD, BTC is currently trading around $58.7k.

On the other hand, gold is down 9.56% this year so far, currently at $1,685 per ounce.

The precious metal along with oil has been removed from their market’s section to make space for Bitcoin and a “flex” spot which any stock can take, it could either be a tech stock or “Dogecoin (DOGE),” whichever asset made a notable move the day before.

Morning Brew has also put Bitcoin in its bio and clarifies that this in no way is an endorsement of BTC rather simply recognition that finance is changing just like anything else, and they want their newsletter to reflect that.

“All these changes were made to make the market data you read in the morning, more relevant, more timely, and more useful Now go ahead and party on bitcoin bulls, the day is yours,” it concluded.

In other news, Chipotle is also promoting Bitcoin, putting it in its bio and tweeting “bitcoin anyone?” which apparently is part of their “Burritos Or Bitcoin” giveaway of $200,000 to celebrate National Burrito Day, making Chipotle the first U.S. restaurant brand to offer a cryptocurrency giveaway to consumers. Or it could be an elaborate April Fools day prank since the contest takes place on April 1st. But either way, it is drawing a lot of attention to Bitcoin.

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Author: AnTy

Brad Garlinghouse on Asia: Business As Usual For Ripple Despite SEC’s XRP Lawsuit

According to Ripple Labs CEO Brad Garlinghouse, it’s business as usual for the blockchain company in Asia despite its issues with regulators in the U.S.

Asian Market Keeps XRP Afloat

The San-Francisco digital payments firm, which is in a legal tussle with the U.S Securities and Exchange Commission (SEC) over the classification of its XRP token, says the case hasn’t had much of an effect on its operations.

During a guest talk show with network news Reuters, Garlinghouse said that its Asia interests were still thriving despite the ongoing legal storm. To him, the clear regulatory signposts in the Asia-Pacific nations have made it easier for Ripple to model its digital products to the taste of regulators.

Talking down the impact of crypto exchanges delisting its digital currency in America, Garlinghouse said that XRP was traded in 200 exchanges worldwide, and only three or four exchanges ever listed the virtual currency in the United States. Garlinghouse explained,

“We have been able to continue to grow the business in Asia and Japan because we’ve had regulatory clarity in those markets.”

Garlinghouse and Ripple have witnessed some wins in the past months. Ripple had initially suffered a slump following the lawsuit in December but has since rallied, with the majority of the crypto market posting strong gains. It also announced a pilot for its central bank digital currencies (CBDCs) private ledger targeted at countries interested in digitizing their fiat currencies.

The CBDC Private Ledger is an offspring of its XRP Ledger (XRPL) technology and will run on the same blockchain the digital currency uses.

The private transactions logbook is created for large payments and will help central banks issue and maintain their digital currencies.

When the lawsuit was made public, large crypto houses like Coinbase and Kraken delisted the XRP cryptocurrency from their exchanges. But Asian exchanges continued to list the struggling crypto-asset.

Ripple has a good working relationship with APAC countries like Japan and Thailand, according to Garlinghouse. The cryptocurrency company is said to be in partnership with Japanese financial giant SBI Holdings. The Japanese powerhouse is already planning to leverage Ripple’s digital payments expertise to establish itself in the Asian continent.

Garlinghouse also spoke on the apparent lack of regulatory goalposts to guide corporate holdings of digital assets. To him, the SEC’s continued aggression will only end up stunting the growth of the crypto industry in the US.

Gensler Expected To Bring Regulatory Clarity

The Ripple case which has dragged on for months and may likely last longer, has seen crypto lawyers wade in on the discussion. Joseph Hall, a legal practitioner at David Polk’s law firm and former SEC commissioner, reportedly said the SEC was being biased in its suit against Ripple and its top executives.

Hall pointed out that Ethereum and Bitcoin sharing similar attributes with XRP, were confirmed as commodities by the SEC’s sister agency – the Commodity Futures Trading Commission (CFTC).

To him, XRP deserves the same treatment. Stating that the SEC took a long time before it made up its mind to file a case against XRP, Hall said it may not be a slam-dunk case.

At his confirmation ceremony in Congress, President Biden’s SEC Chair pick Gary Gensler promised to bring an end to the uncertainty surrounding cryptocurrencies in the United States.

Gensler is an MIT professor who teaches cryptocurrencies, blockchain, and public policy. He had previously served as the chairman of the Commodity Futures Trading Commission (CFTC). Gensler told Congress at his confirmation hearing,

“Bitcoin and other cryptocurrencies have brought new thinking to payments and financial inclusion, but they’ve also raised new issues of investor protection that we still need to attend to.”

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Author: Jimmy Aki

EOS creator Dan Larimer is Back with A New Project; It’s ‘Layer 0’ Compared to ‘Layer 1’ Ethereum

EOS creator Dan Larimer is Back with A New Project; It’s ‘Layer 0’ Compared to ‘Layer 1’ Ethereum

The serial founder, known for quitting the projects, now wants to build Clarion — “a logically decentralized communication platform to replace centralized services (email, Twitter, Facebook, YouTube, medium).”

Daniel Larimer is back with yet another project.

This new project is called Clarion, described as “a logically decentralized communication platform to replace centralized services (email, Twitter, Facebook, YouTube, medium).”

And it is not built on EOS because “How do you build a logically decentralized system on top of a logically centralized system (all blockchains are logically centralized)?” said Larimer.

Earlier this year, Larmer left Block.one, the company that raised a record $4 billion in the largest ICO ever, promising to build a decentralized, blockchain-based platform to build the software behind the EOS.

Besides co-founding Block.one and serving its Chief Technical Officer since April 2017, Larimer has built Steem, Bitshares, and Cryptonomex.

If you think it is a pump and dump like all the previous projects, Larimer ensures “This project has no tokens to pump & dump” and that it can integrate with existing token systems.

“If there are tokens, then they could be airdropped on EOS,” commented Larimer on the question of Block.one funding the project and airdropping to EOS holders. So, pump and dump is really not out of the picture.

The serial creator is back just a couple of months after ending his stint with Block.One with Clarion, which reportedly aims to remove the dependencies on centralized infrastructure through a censorship-resistant “friend to friend” network.

The “ultimate goal” of the project is freeing “our friends and family from the tyranny of Twitter, Facebook, YouTube, Amazon, Apple, and Google and produce a social network free from manipulation and 3rd party dependence.”

This latest project learns lessons from projects like Hive (previously Steemit), Voice by Block.one, and RetroShare.

According to Larimer, what sets it apart is that it utilizes a progressive web application powered by Web Assembly. Clarion OS won’t require any consensus, and tokens and smart contracts can be built on top of it, he wrote.

“If typical Ethereum and EOS smart contracts are considered “layer 1”, then Clarion OS could be considered “layer 0,”’ wrote Larimer.

Currently, it is in the early design stage, and he is building a team of developers to build the first prototypes.

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Author: AnTy

Why Does Bitcoin (BTC) Continue to Tear Up Without Ever Stopping?

It’s the magic of demand and supply.

2021 started above $28,500 and Bitcoin has already been up over 20%. Meanwhile, the traditional markets have yet to open.

On the day of its 12th birthday, January 3rd, Bitcoin first broke above $33k, went down to $30,500 only to smash through $34k, and missed $35k by a few hundred dollars.

On Bitcoin’s Birthday, these gains helped the pseudonymous creator Satoshi Nakamoto become the 40th richest person in the world, with $34 billion.

Bitcoin is now marching towards $50k.

But…

Demand > Supply

But why exactly does the Bitcoin price keep on going up and up and up?

The most simple answer is there are more buyers than sellers in the market currently.

As we have been seeing throughout 2020, the cryptocurrency exchange reserves have been declining. Bitcoin holders have been increasingly moving their BTC off the exchanges to keep them safe in hardware wallets as they don’t have any interest in selling them because they believe the price will go higher.

“BTC is leaving exchange wallets which imply less supply for buyers with insatiable demand. The price goes up,” states Joe McCann, a crypto enthusiast working at Microsoft.

These uptrends came despite the flagship cryptocurrency being in overbought territory, as per technical indicators. The underlying buying on spot exchanges and the long term buying for investment are strong with USDC flows to support this buying off the charts.

FOMO Buying

This buying can particularly be seen on institution-focused Coinbase Pro, whose outflows indicate institutions’ FOMO buying. Over 35k BTC worth more than $1 billion were moved out of the exchange early Saturday, just a day after 12,063 coins also left, as per data source CryptoQuant.

Retail isn’t much far behind.

According to economist and trader Alex Kruger, “Bitcoin is being driven by spot demand,” as can be seen in the flat funding and Bitmex perpetual – Coinbase spot basis being negative.

Any Pullbacks?

The digital asset is now also approaching the midpoint of its logarithmic adoption curve channel, and “if ever there were a moment to blast straight through magic resistance, it’s right now,” said analyst Cole Garner. Given BTC’s current momentum, it can blast through it as well.

“People started getting a little ridiculous today, as can happen with large price action. I’m very bullish but we’re not going to magically teleport to $100k in one day,” tweeted trader Resolute right before the call for $100k next week.

While many believe $20k isn’t coming back now, another trader Jonny Moe notes how the BTC weekly RSI has hit 93.2, higher than 90.2 seen at Dec. 2017 top. BTC weekly RSI higher than the current one was in November 2013 at 96.3.

With the current market looking like 2013 rather than 2017, the market sees potential for a big drop before continuing higher. In the meantime, today BTC price casually dropped 18% to $28,540 and is already near $31k.

The market has been calling for tops ever since Bitcoin broke the $20k, last year ATH. Although the market did see some small drops here and there, they were sharply reversed.

In the current market, it is anyone’s guess if a big correction will even be coming the market’s way.

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Author: AnTy

Buy Bitcoin Ads Pop Up in the UK, Australia, and Other Parts of the World

“… it’s time to buy Bitcoin,” is what one of the many adverts posted in different cities of different countries says.

As Bitcoin rallies strongly towards the end of 2020, up 78% in Q4 and 166% YTD, and everyone from retail, institutional investors, high net worth individuals, insurance companies, and family offices take a liking to the largest cryptocurrency, exchanges are also taking advantage of this to attract even more attention.

Cryptocurrency exchange Luno has been pushing Bitcoin advertisement to different parts of the globe.

From street signs and buses in Australia, underground billboards in the UK to newspapers, online ads in Malaysia, bus shelters, lamp posts in Nigeria, and malls and premier league matches in Zimbabwe, buy Bitcoin posters are being put up to attract the masses.

Nasper Lt.-backed crypto exchange, Luno, was acquired by New York-based digital investment firm Digital Currency Group, the company behind Genesis, Grayscale, Foundry, and Coindesk, this year.

Grayscale actually ran the famous campaign #DropGold last year focused on Bitcoin, which aimed to make the investors understand the limits of using gold as a hedge while bringing awareness to digital gold, the store of value.

In August this year, it launched another national advertising campaign where it told investors to move to Bitcoin and Ether via its products by showing how it has evolved all these years in the 30-second commercial that aired on CNBC, MSNBC, and FOX.

Another exchange, London-based Coinfloor, had its “first outdoor advertising campaign on the London Underground.”

“Bitcoin is DEAD… Easy with Coinfloor,” reads the posters plastered across central London.

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Author: AnTy

Bitcoin Uptrending on the Weekend; But Not Everyone Wants to Bet Against the Brute Force of Billionaires

After yesterday’s drop to $17,600, today Bitcoin is back around $18,500.

Given it’s the weekend and the Bitcoin market is being led by US investors, with only $2.44 billion in ‘real’ volume, BTC is keeping around $18,450.

“Bitcoin looks like it could be ready to range higher over the weekend,” noted Hxro Labs. “If it manages to break into the VPVR value area around $18400, expect to see it trend up to the Point of Control ($19,086) shortly after.”

Compared to Bitcoins’ gains, ETH only managed to get to $560 while other altcoins are rallying much harder, including BASE (132%), NEM (25%), HAKKA (20%), YFI (12%), AAVE (11%), Monero (10%), IOTA (9%), Cardano (7%), and Litecoin (6%).

However, it’s still not known in which direction Bitcoin will move next. Many expect the pain to continue and even get us a better ‘buy the dip’ opportunity, while others expect the momentum to take us upwards.

As one trader noted, “One of the reasons I forfeited on the idea to get another significant short position is that I don’t want to be betting against brute force of billionaires.”

It has only begun

2020 for Bitcoin has been all about institutions; everyone wants a piece of the largest digital asset. It’s just that a few of them have revealed their positions while many are expected to be doing it without public disclosure.

“Reality is that I don’t know what will happen from here. Big cash flows are entering Bitcoin. Technicals that say downside is possible can be blown out of the water, whilst we should also not forget that institutionals don’t dictate bitcoin entirely, yet,” wrote the trader on Twitter.

Wall Street legends Stanley Druckenmiller, Paul Tudor Jones, Bill Miller, and others like Mexican media billionaire Ricardo Salinas Pliego have been endorsing Bitcoin. After influential money manager Rick Rieder said Bitcoin “is here to stay,” Larry Fink, CEO of BlackRock, also noted that this untested and small market has “caught the attention and imagination of many people.”

However, “the adoption of Bitcoin by institutional investors has only begun,” as written by the analyst team of JPMorgan led by Nikolaos Panigirtzoglou.

Christian Armbruester, the founder of Blu Family Office, a London-based investment firm for wealthy clients, told Bloomberg that he wishes he’d bought more BTC, which he dabbled in a few years ago.

“We’re now looking for trading opportunities in a very exciting field,” said Armbruester, who manages $670 million for Blu Family Office.

Thanks to currency devaluation

This traction has been particularly the result of central banks and governments flooding economies with cash and dropping the interest rates to zero and sub-zero to address the coronavirus pandemic.

As we reported this week, first, ECB announced a $600 billion COVID-19 stimulus only for German Chancellor Angela Merkel to unleash another monstrous fiscal stimulus package to pump €750 billion directly into the economy, the very same day.

“Normally in times of crisis people run to cash but who in their right mind wants to be cash-rich at a time when major economies are devaluing their currencies?” says Kevin Murcko, the founder, and CEO of CoinMetro, an Estonia-based crypto exchange.

Even Ray Dalio, the founder of the world’s largest hedge fund, Bridgewater Associates, said cash is trash and bitcoin can act as an “interesting” investment diversifier.

“You could say that Covid-19, the U.S. election, Brexit, and, well, the entirety of 2020 have altered the way many in traditional finance view the value of digital assets,” Murcko added.

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Author: AnTy

Andre Cronje’s Yearn.Finance Confirms Fifth Partnership with DEX SushiSwap

It’s another day and another merger for Yearn.Finance, which just notched up its fifth major collaboration in a week.

In a blog post from yesterday, yearn founder Andre Cronje confirmed that the decentralized finance (DeFi) protocol had collaborated with decentralized exchange (DEX) SushiSwap.

Overlapping Developments and a Path Forward

SushiSwap is a fork of DEX Uniswap. In his blog post, Cronje explained that Yearn and SushiSwap had overlapped in recent developments. SushiSwap has expanded on its automated market maker (AMM), and Yield has broken bonds with its money market and yield strategies. With so much overlap in the systems, Cronje claimed that they could take their relationship to the next level.

Under the new merger, both protocols have agreed to share resources. The total value locked in both protocols will also increase, and the collaboration will see Yearn strategies use SushiSwap going forward.

Also prominent in the new marriage is that SushiSwap will help Yearn launch Deriswap, a new product from Cronje. Announced last week, DeriSwap is a protocol that combines different aspects of DeFi. It focuses primarily on options, swaps, futures, and loans. While Cronje offered scant details about the protocol, he pointed out that it would use the standard Uniswap contract, with liquidity providers offering ETH-BTC. When traders swap tokens, liquidity providers earn fees.

Beyond the developments already laid out, Cronje also highlighted that users would need to vote on several new ones. These include Yearn participating in SushiSwap’s governance and adding SUSHI tokens to its treasury and vice versa. Developers are also proposing grants for Sushi contributors, which will be paid via yGift, and more.

Yearn’s Landmark Week

This appears to be the one merger that doesn’t have to do with any other announced by Yearn Finance in the past week. So far, Yearn’s SushiSwap collaboration is it’s fifth in a week, demonstrating the protocol’s seriousness about expanding its footprints across the DeFi space.

Yesterday, the lending and savings protocol Akropolis confirmed that it had partnered with Yearn to develop its operational strategies.

The protocol will benefit from the expanded Yearn ecosystem, including names like lending protocol Cream and insurance market coverage provider Cover.

Yearn is expected to benefit from Akropolis’ business development infrastructure and institutional contacts. Akropolis will deprecate AkropolisOS and Spark, two of its products that aren’t related to yield farming. Both products will be moved to open-source development and incorporate front ends to allow professional traders to access the new ecosystem from Akropolis and Yearn.

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Author: Jimmy Aki

Ethereum Proof of Stake (PoS) Will ‘Launch in 2020’ as ETH 2.0 Dec. 1st Launch Confirmed

It’s official! ETH 2.0, the Beacon Chain, is coming next week.

In a dramatic move, Ethereum community members deposited a huge chunk, more than 40% of all ETH required to reach the threshold to trigger ETH 2.0.

With an increase of 279% in deposits in just one day, the ETH community did the deed a day before and confirmed the launch of Phase 0 on December 1st as scheduled.

Interestingly, the price of ETH moved in the exact direction as of the staked Ether, as per Crypto Quant.

The price of ETH was just under $400 when the deposit contract for Beacon Chain was released to the public. And yesterday, ETH hit $600, going as far as $621.

CryptoQuant ETH 2 Staking Rate
Source: CryptoQuant

Now that ETH 2.0 is officially coming in a week and BTC price is making some moves today, ETH price is retreating but still around $600.

Along with this positive price action, Perpetual Swaps Open Interest also reached a new yearly high of $1.69b, both in USD terms and Ether terms.

The crypto community is excited about this development and congratulated the Ethereum team for this achievement.

“Congratulations to the ETH2 deposit contract for hitting the needful amount of ETH for Beacon Chain activation. A momentous achievement indeed!” said Su Zhu, CEO of Three Arrows Capital.

This is a very bullish development not only for Eth but for all things DeFi as “transition to PoS, alongside various upgrades will enable greater network scaling, with that, cheaper transaction and more efficient running of the network,” noted Denis Vinokourov of Bequant.

As for those who still want to deposit their ETH, they can do so at any time that is up until it officially closes today.

Bloomberg also noted this development that will allow the second largest network to process the same number of transactions like Visa and Mastercard. Launched in 2015, the project has been working on the upgrade for years now.

“Ethereum needs to scale to become a global substrate of the clearing and settlement layer,” Andrew Keys, a managing member in Darma Capital, told Bloomberg.

According to him, while the current version of Ethereum proved that the real-world items like gold, music, and currencies can be successfully digitized, “now, it needs to be able to serve global volume.”

Keys, who was one of the first employees of ConsenSys, is “100% certain that proof of stake will launch in 2020.”

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Author: AnTy

Grammy-Nominated Rapper Logic Makes a ‘Big Investment’ in Bitcoin

It’s happening again.

As Bitcoin rallies to make new 2020 highs, reaching closer and closer to its all-time high of $20,000, everyone is paying attention to the crypto king.

Retired rapper Logic, who has two Grammy nominations to his name, shared with his 2.4 million followers on Twitter that he has made a big investment into the digital asset. He didn’t reveal exactly how much.

The crypto community congratulated him and celebrated another bitcoiner in his comments section.

In 2020, the leading digital currency has already turned many skeptics to pro-BTC. Nouriel Roubini, who once called BTC the “mother of all scams,” called Bitcoin a store of value in a recent interview.

Even legendary investor Bill Miller is “strongly” recommending buying Bitcoin despite the digital asset not generating any yield, like gold.

While PayPal integrated Bitcoin and crypto deep into its business just last month, JPMorgan sees BTC as an alternative currency that is in intense competition with gold.

Besides billionaire investor Paul Tudor Jones calling Bitcoin a hedge against inflation, the fastest horse, the digital asset, also found its way into publicly listed companies’ balance sheet as a reserved asset.

We recently reported how mainstream media has started to cover Bitcoin while rapper Kanye West and comedian Kevin Hart dropped the Bitcoin bomb.

Bitcoin has entered another cycle that sees it hitting new all-time highs. With the awareness and adoption increasing vastly, it would be interesting to see just how high we go this time.

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Author: AnTy