VC Backed Billion-Dollar Stablecoin Project Fei Protocol Falls Below the USD Peg

The new decentralized finance (defi) stablecoin project called Fei had some issues this week after the 1:1 USD pegged token dropped well below its targeted $1 value. The Fei project was supposed to be similar to Maker DAO’s algorithmic DAI stablecoin and it was backed by major venture capital firms. Fei Protocol Market Price Drops to $0.73 and the Stablecoin Fei’s Bid Slides to $0.136 On social media and forums, crypto advocates have been discussing the defi project called Fei after it lost its peg with the U.S. dollar this…

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The Ledger Solution Is Your Secure Gateway to All Crypto Services

Everyone already knows that a hardware wallet is critical to protect your digital assets, but did you know that Ledger offers much more than that? By combining the hardware wallet with the Ledger Live app you can buy, sell, lend, swap and stake multiple cryptocurrencies – all in one place. Access the Full Ledger Solution If you are an experienced crypto user you probably already know that a Ledger hardware wallet is the best solution to protect and own your private keys. In fact, you probably already own a Ledger…

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The Missing Link: How Chainlink’s Pallet Aims to Deliver Greater Informational Access

As demand for smart contracts climbs, Chainlink’s modular oracle for the Substrate framework aims to power developers and defi applications with trusted off-chain information and pricing data needed to attract projects to Polkadot and Kusama. Blistering Growth in Defi and Smart Contracts Beckon New Layer of Trust As the smart contract revolution continues to gain traction, the fissures and flaws in existing infrastructure that supports these transactional protocols are becoming more apparent. Among the chief issues facing smart contracts, costs and security are the main factors in the spotlight. To…

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JPMorgan Boss Says ‘Emerging Issues’ Like Cryptocurrencies ‘Need to Be Dealt With Quickly’

JPMorgan’s boss Jamie Dimon has a bone to pick with cryptocurrencies, shadow banking, and the financial technology (fintech) economy. In a letter to JPMorgan shareholders, Dimon explained that banks are “playing an increasingly smaller role in the financial system” and there’s a list of items like digital currencies he’s named that needs to be “dealt with – and rather quickly.” Jamie Dimon’s Letter to JPMorgan Shareholders Says Banks Need to Focus on the Future Jamie Dimon has written a comprehensive letter to shareholders about the company’s accomplished goals and future…

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The Bitcoin Bhavacakra

Artists Yonat Vaks, Chiefmonkey and mosaic.rocks combine Bitcoin and Bhuddism in The Bitcoin Bhavacakra. collaboration by Yonat Vaks, Chiefmonkey and mosaic.rocks Buddha and Satoshi’s Teachings: How to Ascend From Fiat Samsara to Bitcoin Nirvana Legend has it that the Bhavacakra, also known as the Wheel of Life, was created by the Buddha himself. It depicts the journey of the human soul through the trappings of the Samsara (cyclic existence of life) until they are able to ascend to Nirvana. In our interpretation we have applied the teachings of Satoshi and…

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Chinese Lottery Firm Rebrands, Purchases Bitcoin Mining Rig Manufacturer for $100 Million

Following the acquisition of the Chinese mining pool Btc.com, the China-based lottery company 500.com revealed the purchase of a bitcoin mining rig manufacturer Bee Computing. The Shenzhen firm purchased the semiconductor and mining device manufacturer for roughly $100 million in a share exchange agreement. 500.com Changes Name to Bit Mining Limited and Acquires Bee Computing for $100 Million On April 5, 2021, the company 500.com Limited (NYSE: WBAI) registered a statement with the U.S. Securities and Exchange Commission (SEC) in a Form 6-K filing. The Shenzhen-based firm detailed that it…

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Professional Soccer Players Are Buying Bitcoin And It Will Protect Their Wealth

Professional soccer player Ryan Babel has reportedly onboarded teammates to bitcoin, helping them secure and grow their wealth. According to online reports, Galatasaray S.K. and Netherlands national football team’s Ryan Babel has been shilling bitcoin to his teammates. Babel has played for Ajax, Liverpool, Fulham and others. He has played in the Champions League, Euro 2012 and the World Cup building connections to some of the best-known and well-compensated soccer players in Europe. Babel has shared his eagerness to accumulate bitcoin on Twitter, so it is not a stretch to imagine…

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Economist Says Bitcoin Isn’t Too Big to Fail — Warns BTC Can Only Establish Itself if Governments Allow It

Allianz’s chief economic advisor Mohamed El-Erian says that bitcoin is not too big to fail and that governments may intervene. While he believes that cryptocurrency will grow in popularity, the economist says “it takes away a lot from governments,” adding that this asset “can only establish itself if governments allow it to.” Economist Warns of Government Intervention, Bitcoin Is Not Too Big to Fail Mohamed El-Erian said in an interview with CNN Tuesday that bitcoin is not “too big to fail” and its failure could disrupt the global monetary system…

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A Summary Of Bitcoin’s Massive First Quarter

Stanislav Kozlovski walks us through the most important events for Bitcoin in the first quarter of 2021. Gradually, then suddenly. It is the way that Hemingway penned the process of going bankrupt: first comes a series of incremental steps which bring you closer to bankruptcy, until reality hits you and a sudden realization of what has occurred dawns upon you. This process can be thought of as a universal one: it applies to many things in life, like achieving success, declining health or the once-in-a-lifetime emergence of a brand-new asset…

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XELS Launches Eco-Conscious Blockchain Platform for Carbon Offset Credits

PRESS RELEASE. Blockchain-based carbon offset platform XELS provides global access to the decentralized carbon market and its ERC20 token will launch on Bittrex Global on April 8th, 2021. 7th April 2021, Date Tokyo, Japan — XELS is one of the leading startups tackling climate change by increasing participation and transparency in carbon markets, listed its eponymous XELS token on Bittrex Global on April 8th, 2021. Tokenized Carbon Credits XELS will provide both businesses and individuals access to a blockchain-based carbon offset platform, initially focused on tokenized voluntary carbon offset credits.…

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