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SBF leads $50M funding round to bring DeFi to Maps.me's 140M users January 18, 2021
A travel and mapping application with 140 million users worldwide has raised $50 million to integrate decentralized finance protocols into its platform. Leading offline mapping application Maps.me has conducted a $50 million seed funding round to embed decentralized finance tools onto its platform.The funding round for “Maps.me 2.0” was led by Sam Bankman-Fried of Alameda […]
Samuel Haig
Bitcoin open interest hits $8.8B as 45% of BTC options expire in 2 weeks January 18, 2021
The open interest on Bitcoin options has hit $8.8 billion but data show bulls are in favor after BTC’s rally to a new all-time high. Over the past two months the open interest on Bitcoin options has held reasonably steady even as the figure increased by 118% to reach $8.4 billion as (BTC) price rose […]
Marcel Pechman
Core contributors, investors debate Yearn token mint January 18, 2021
After a stormy weekend for DeFi's original yield vault, dust is settling and a path forward is being paved What started as a simple governance proposal to build a war chest for the the Yearn.finance development team has now spilled over into a wider conversation about incentivization, sustainability, and fair project launches in the decentralized […]
Andrew Thurman
Former Canadian prime minister names Bitcoin as possible reserve currency January 17, 2021
Bitcoin could be part of a basket of reserve alternatives to the U.S. dollar, according to Stephen Harper. Stephen Harper, who served as prime minister of Canada for nine years, says there may be a place for Bitcoin and central bank digital currencies as part of a basket of reserve currencies to replace the dollar.In […]
Turner Wright
Hedge fund predicts $115K Bitcoin price and the fall of ‘speculative’ altcoins January 17, 2021
Analysts say Bitcoin and Ether’s growing dominance of the crypto market are signals that the current bull market is drastically different than the last one. New data from Pantera Capital, an investment firm and hedge fund, suggests that Bitcoin’s (BTC) current price action is closely following the stock-to-follow model’s trajectory and the firm’s analysts believe […]
Jordan Finneseth
Former Ripple CTO may have lost much more than $220M in Bitcoin January 17, 2021
Current CTO David Schwartz claims Stefan Thomas created hundreds of accounts with 1.0 BTC "because that was the fastest and easiest number to type" for his experiments. David Schwartz, current chief technical officer at Ripple, is responding to reports his predecessor had lost access to hundreds of millions of dollars in Bitcoin. In a Quora post […]
Turner Wright
Top 5 cryptocurrencies to watch this week: BTC, LINK, UNI, XTZ, ATOM January 17, 2021
Bitcoin's brief period of consolidation has opened a path for select altcoins to rally higher. Bitcoin (BTC) price has yet to recapture the $40,000 level and traders who were expecting a quick resumption of the uptrend may have been caught off guard by the recent pullback. This could have led to the liquidation of about […]
Rakesh Upadhyay
Strategist: Bitcoin more likely to be successful 'in the long run' than Ethereum January 17, 2021
Lyn Alden likens Ethereum to the Concorde aircraft: functional, but not "an economically sustainable project." One reason strategist and investment guru Lyn Alden isn't invested in Ether is she considers the Ethereum network an “unfinished product” when compared with Bitcoin.Alden’s economic analysis of Ethereum released today compares the smart contract network to the Concorde jet: […]
Turner Wright
DeFi’s death by a thousand cuts January 17, 2021
They said that 2020 was the year of DeFi. Perhaps 2021 should be the year of DeFi’s sensible regulation. One rule at a time, decentralized finance is gradually being outlawed. It is not that governments specifically aim to make it illegal. Rather, every proposal that comes out lately seems to enact rules that are impossible […]
Konstantinos Stylianou
Guggenheim CIO: ‘Speculative frenzy’ to die down, but $400k target still on January 17, 2021
While some traders have gotten mixed signals, Guggenheim's Scott Minerd is taking the long view. In an interview with Bloomberg Markets on Friday, Guggenheim Partners’ chief investment officer Scott Minerd clarified his seemingly contradictory views on Bitcoin’s potential, and revealed that select Guggenheim private funds have invested in the cryptocurrency.Minerd, who oversees Guggenheim’s $275 billion […]
Andrew Thurman