$400 Million

🔴 Infrastructure Bill Impacting Crypto | This Week in Crypto – Nov 22, 2021

Source Node: https://99bitcoins.com/bitcoin-news-summary-nov-22-2021/
Time Stamp: November 22, 2021 1:00 AM - Modified On: November 22, 2021 - Published By:
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ďťż The controversial U.S. infrastructure bill becomes law, Square reveals its DEX, and a crypto exchange stamps its name on a major US sports venue. These stories and more this week in crypto. Hundreds of billions of dollars of value were wiped off in a market-wide dip just a week after the crypto market had peaked. The dip brought the price of Bitcoin back down below $57,000 and other major cryptocurrencies also suffered double digit drops in value before stabilising. President Joe Biden signed the Infrastructure Bill containing controversial crypto

Commonwealth Bank CEO Warns About The Biggest Risk of Crypto, Its Not What You Think

Source Node: https://coingape.com/commonwealth-bank-ceo-warns-about-the-biggest-risk-of-crypto-its-not-what-you-think/
Time Stamp: November 19, 2021 3:38 AM - Modified On: November 19, 2021 - Published By:
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Matt Comyn, the CEO of Commonwealth Bank of Australia in a recent interview with Bloomberg revealed what he believes is the biggest risk with crypto today. Comyn said, given the rise of digital assets as the alternative investment sector, the biggest risk of crypto is “missing out.” He explained, even though the crypto market is relatively volatile, banks must work towards incorporating the tech to fulfil consumer demand. Failing to do so will leave banks out of the market completely. Comyn said, “We see risks in participating, but we see

Paradigm Launches $2.5 Billion Venture Fund to Invest in Next Generation of Crypto Companies and Protocols

Source Node: https://news.bitcoin.com/paradigm-launches-2-5-billion-venture-fund-invest-next-generation-crypto-companies-protocols/
Time Stamp: November 15, 2021 7:30 PM - Modified On: November 15, 2021 - Published By:
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Investment firm Paradigm has launched a $2.5 billion venture fund to invest in the next generation of crypto companies and protocols. The firm believes that the “new fund and its size are reflective of crypto being the most exciting frontier in technology.” $2.5 Billion Fund for Crypto Industry Investment firm Paradigm announced Monday the launch of a $2.5 billion venture fund to invest in the next generation of crypto companies and protocols. Matt Huang and Fred Ehrsam, who co-founded Paradigm in 2018, explained: Our conviction in these beliefs has only

Your September Newsletter for All Things BitPay and Crypto

Source Node: https://bitpay.com/blog/welcome-to-the-september-cryptie/
Time Stamp: September 23, 2021 9:26 AM - Modified On: September 23, 2021 - Published By:
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We have another month of crypto news and BitPay happenings, including an exciting new partnership, a product integration and more updates around global crypto adoption. Don’t forget to check out what ‘swap’ means and learn more about BitPay Reload in our product highlight.In This Issue:BitPay in the SpotlightUATP, a global payment network owned and operated by the airlines, has partnered with us to start accepting crypto payments and attract new business. Read the announcement here.Our CEO, Stephen Pair discusses why it’s important for the approach to crypto regulation to go

Ham to Improve on Yam With Latest DeFi Experiment

Source Node: https://beincrypto.com/ham-to-improve-on-yam-with-latest-defi-experiment/
Time Stamp: August 18, 2020 1:13 PM - Modified On: May 21, 2021 - Published By:
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The Yam yield farming frenzy that took DeFi by storm last week highlighted a number of elements that could have been improved with the launch. A new offering called Ham aims to right the wrongs and improve on Yam with a truly community-driven project. There were several flaws with the Yam launch, but the ultimate reason was that it had to be rescued by whales. This pretty much negates any progress made on the path to becoming a truly democratic and community-governed monetary system. A migration plan proposed late last

Could Buffett’s Change in Gold Strategy Move Him Toward Bitcoin?

Source Node: https://beincrypto.com/could-buffetts-change-in-gold-strategy-move-him-toward-bitcoin/
Time Stamp: August 15, 2020 2:59 PM - Modified On: May 21, 2021 - Published By:
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Warren Buffett’s investment firm Berkshire Hathaway Group has invested in gold production for the first time ever. The firm purchased 20.9 million shares of Barrick Gold Corp., one of the larger producers of gold. The purchase reflects the growing investment move into store-of-value (SOV) assets like Gold, Silver, and Bitcoin. Inflation, economic struggles, and treasury yield curves have left the dollar weak. Buffet’s Big Policy Reversal The purchase reveals a substantial change in Buffett’s investment strategy. The so-called ‘Oracle of Omaha’ has been a strong advocate against purchasing the precious

10,000 New Blockchain Firms Established in China So Far in 2020

Source Node: https://beincrypto.com/10000-new-blockchain-firms-established-in-china-so-far-in-2020/
Time Stamp: August 7, 2020 1:39 PM - Modified On: May 21, 2021 - Published By:
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With over 10,000 new blockchain firms emerging in China in 2020, the number of companies developing solutions based on the novel tech appears set to cross the 90,000 mark. China remains a blockchain hub with Beijing’s anti-crypto stance not extending to companies looking to leverage decentralized ledger technology (DLT). The country’s Blockchain-based Service Network (BSN) is also looking to foster greater public-private partnerships in the sector. New Chinese Blockchain Firms in 2020 Surpass 2017’s Total According to figures from crypto market data provider LongHash, China’s blockchain startup scene has grown