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Blockchain

Coronavirus Impacts on Bitcoin (And the IRS’s Dumb Singularity)

The best Sundays are for long reads and deep conversations. Earlier this week the Let’s Talk Bitcoin! Show gathered to discuss Coronavirus and its potential impacts or disruptions to the decentralized world of bitcoin. Later, we hear from correspondent George Ettinger about the indications of a “Dumb Currency Singularity” taking place at the IRS right now (also […]

New Twitter Investor May Remove Bitcoin Advocate Jack Dorsey as CEO

Elliott Management Corp. – an activist investor owned by billionaire Paul Singer – has plans to shake up the management at Twitter. As reported by Bloomberg on Saturday, Elliott has taken a large stake in the social media messaging platform and, according to “people familiar with the matter,” has plans to remove Jack Dorsey as […]

Ethereum’s DAOs Continue to Gain Momentum

Decentralized autonomous organizations (DAOs) are back – at least for dogfooding purposes. Ethereum’s largest hackathon in North America, ETHDenver, showcased DAOs for event management and more. From coordinating the hackathon’s winners to purchasing meals at Capitol Hill food trucks in Denver’s historic Capitol Hill neighborhood, DAOs ran ETHDenver.  Even the winning hackathon team was a […]

Startup Tokenizes $2.2B in Commercial Real Estate Through Polymath

Commercial real estate marketplace Red Swan has tokenized $2.2 billion in real estate through security token platform Polymath.  According to Red Swan CEO Ed Nwokedi, $780 million of that is available to investors in pre-sale, while the company has another $4 billion in real estate in its tokenization pipeline. The $2.2 billion represents 16 different […]

Compound Extends DeFi Ethos to Itself, Launches Governance Token

Decentralized finance (DeFi) platform Compound is going ahead and decentralizing itself. “My personal belief is that nobody would use bitcoin if it was run by the ‘Bitcoin Corporation,’” Robert Leshner, Compound’s founder, told CoinDesk in a phone call. “Its power comes from the fact that nobody truly controls it.” In that spirit, Compound is launching […]

‘Short Bitcoin’ ETP Available to Investors on Germany’s Second-Largest Exchange

A “short bitcoin” exchange-traded product (ETP), which inversely tracks the value of the top cryptocurrency by market cap, is now available to investors throughout Europe. Swiss crypto product provider 21Shares, formerly known as Amun, said Tuesday its new “SBTC” tracker product would be available to both institutional and retail investors on Boerse Stuttgart, the second-largest […]

Polkadot to Use Chainlink Oracles for Interoperability Network

Polkadot will be the first non-ethereum blockchain to integrate Chainlink. “Chainlink is set to become the first and primary oracle provider for all Substrate-based chains and eventually the entire Polkadot network,” Polkadot announced Monday. Chainlink provides price feeds for blockchain applications typically involved in decentralized finance (DeFi). Among other things, Chainlink communicates prices between crypto […]

Binance-Backed FTX Exchange Seeks Billion-Dollar Valuation in Equity Token Sale

Derivatives exchange FTX is hosting a public sale for tokenized equity in the hopes it can attain a billion-dollar valuation. The Binance-backed platform, famed for creating the Shitcoin Index of low-market coins, announced Tuesday its FTX_Equity token sale would welcome investors willing to allocate a minimum $250,000 each. Each FTX_Equity token, valued at $2 each, […]

New Zealand Plans to Drop ‘Unfavorable’ Sales Tax Treatment of Cryptocurrencies

New Zealand’s tax authority is considering changes to its treatment of cryptocurrencies that would drop the current and controversial application of goods and services tax (GST). The current regime sees bitcoin (BTC) and other digital currencies as property, with normal rules applying. That means crypto is liable for 15 percent GST when changing hands within […]