Reddit has launched a waitlist for the upcoming site-wide expansion of its Ethereum-based ‘Community Points’ token rewards program, as well as a dedicated website. The social media platform, which runs on upvotes that earn users’ karma scores, first dabbled in crypto token rewards in Dec 2019, when it launched Ethereum-based token rewards called “Donuts” in the r/Ethtrader subreddit. In May…
The below is from a recent edition of the Deep Dive, Bitcoin Magazine’s premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox, subscribe now. Today, we’re revisiting a useful on-chain metric, Liveliness, that tracks the accumulation and distribution behavior of HODLers. As a refresher, Liveliness is calculated…
The CEO of Ark Investment Management, Cathie Wood, says that the metaverse can become a multitrillion-dollar market. “It’s a big idea that will probably infiltrate … every sector in ways that we cannot even imagine right now,” she said. Cathie Wood Believes the Metaverse Will Be Multitrillion-Dollar Opportunity Ark Investment Management (Ark Invest) CEO Cathie Wood shared her prediction about…
Identity is a topic of interest in 2021. Taking steps beyond the self-esteem efforts in the 1980s, the self-categorization movement efforts now seek to find empowerment in political agendas based on race, subculture, religion, gender, and/or sexual orientation. The aim, whether merited or not, is to “secure the political freedom of a specific constituency marginalized within its larger context,” according…
The firm Foundry Digital announced on Wednesday that the business has launched a bitcoin mining rig marketplace called Foundryx. According to Foundry, the company has access to more than 40,000 mining machines that are ready for resale. In addition to the marketplace launch, the company’s mining operation, Foundry USA, has become the world’s largest bitcoin miner in terms of hashrate.…
Chief executives of large cryptocurrency firms appeared before Congress Wednesday to testify and answer questions about their products and services and the Bitcoin market in general as lawmakers struggle to bring the market within public policy and regulatory frameworks. “Several questions remain as to how traditional rules apply and whether regulators have sufficient authority to protect investors and consumers while…
Decentralized finance (DeFi) offers one of the most widely applicable use-cases for distributed ledger technology and today it is one of the main avenues for the wider adoption of blockchain technology. Last week, as the wider crypto market corrected and Bitcoin (BTC) dropped by 22%, DeFiChain (DFI) bucked the trend and rallied 76% to establish a new high at $5.70…
API3 (API3), Bluezelle (BLZ), Gods Unchained (GODS), Immutable X (IMX), Measurable Data Token (MDT) and Ribbon Finance (RBN) are launching on Coinbase Pro Starting Today, Wednesday December 8, transfer API3, BLZ, GODS, IMX, MDT and RBN into your Coinbase Pro account ahead of trading. Support for API3, BLZ, GODS, IMX, MDT and RBN will generally be available in Coinbase’s supported jurisdictions…
In brief The tone of Congress towards crypto was markedly changed from past years. Crypto executives received encouragement from both Democrats and Republicans with one exception. Top executives from Coinbase, Circle and four other cryptocurrency firms appeared before members of Congress on Wednesday—an event that in past years would have triggered indignation and scoldings. Instead the crypto execs were greeted…
Watch This Episode On YouTube Listen To This Episode: In this episode of Bitcoin Magazine’s “Fed Watch” podcast, Christian Keroles and I sat down for our first ever live stream as part of the new Bitcoin Magazine live show. Going forward, we will be recording live at approximately 2:00 p.m. Eastern Time every Tuesday. Come join us and as we…
