Twitter CEO donates 1 BTC to Bitcoin core development nonprofit

Brink, a fledgling Bitcoin nonprofit outfit, got the nod from Jack Dorsey via a BTC donation. Jack Dorsey, CEO of social media powerhouse Twitter, has donated 1 Bitcoin (BTC) to Brink, a nonprofit group focused on Bitcoin’s technological framework.  “Honored to have received a 1 BTC donation to our developer funding efforts from none other than @jack!,” Brink’s Twitter account posted on Tuesday. At the time of publication, that Bitcoin is worth $46,824. Reporting earlier this month showed the recently established organization receiving 503(c)(3) nonprofit status from the Internal Revenue Service, giving…

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Topps Garbage Pail Kids Blockchain Collectibles Can Be Found at Target and Walmart

The popular trading card company Topps has just launched the “2021 Garbage Pail Kids Food Fight” series today, and the trading card packs are being sold at Target and Walmart stores. Not only will the Garbage Pail Kids (GPK) series provide people with collectible cardboard trading cards, Topps has also inserted blockchain-based rare code cards, which can be redeemed for exclusive GPK non-fungible token (NFT) collectibles on the Wax blockchain. Blockchain and GPK Since the eighties, the Garbage Pail Kids (GPK) has been a popular trading card series created by…

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Square doubles down on Bitcoin, investing another $170M

Jack Dorsey’s Square now owns roughly 3,318 more BTC. Financial services outfit Square just announced it has picked up more Bitcoin.  Square “has purchased approximately 3,318 bitcoins at an aggregate purchase price of $170 million,” the company said in a public statement on Tuesday, adding: “Combined with Square’s previous purchase of $50 million in bitcoin, this represents approximately five percent of Square’s total cash, cash equivalents and marketable securities as of December 31, 2020.” Bitcoin (BTC) has fallen significantly this week so far, dropping below the $50,000 mark after tapping…

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Aave and Balancer announce hybrid AMM liquidity pool & lending product

In what may become an industry standard, unused liquidity from Balancer will be deposited into Aave, significantly increasing depositor yield. In the latest feat of decentralized finance money Lego magic, lending platform Aave and automated market maker Balancer have teamed up on a hybrid liquidity-and-lending feature that may significantly fatten depositor yields. In a blog post on Tuesday, Balancer CEO Fernando Martinelli unveiled plans for the project, dubbed the Balancer V2 Asset Manager. In essence, the integration will allow users to earn two forms of return on their deposits: trading…

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Taproot Activation And The LOT Debate

You’ve probably already heard about Taproot, the new proposed soft-fork upgrade for Bitcoin, which will introduce a new signing algorithm and an enhanced, more private and flexible scripting mechanism. Now, while Taproot has been discussed for a long time, and its code has already been merged to Bitcoin Core, the actual upgrade has not yet taken place. That is, the changes were not yet activated and enforced by the network. The biggest question still left is how to coordinate the activation. Coordinating Changes To Bitcoin Why is coordination so important…

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CoinEx Burns All 1.08 Billion Locked CET Allocated to the Team

PRESS RELEASE. Hong Kong, February 23, 2021 – CoinEx, a global and professional cryptocurrency exchange service provider, announced on last Saturday that it has finished a historic burn of 1.08 billion locked CoinEx Token (CET) allocated to the CoinEx team for team building and market development at one time. This CET token burn is the highest one ever carried out by the exchange. After this burn, the total circulation is 4.34 billion CET, with a market capitalization of approximately 113 million USD. At present, the amount of CET automatically repurchased…

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Bitcoin mining likely didn’t contribute to Texas’ power outages, says expert

Kristy-Leigh Minehan said the state doesn’t currently have enough mining infrastructure to cause significant problems for the power supply. Though many Texans are still suffering in the aftermath of a winter storm that left millions without power and running water for days, it’s unlikely that the crypto mining farms in the state played much of a role during the crisis. Speaking to Cointelegraph, Kristy-Leigh Minehan, a mining consultant and chief technology officer of NEM Software, said Texas doesn’t currently have enough mining infrastructure to cause significant problems in the power…

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Russian Orthodox Church will not accept Bitcoin in offering plate

A church spokesperson said it was also unlikely the church would release its own digital currency. With roughly 100 million members, the church representing the dominant religion in Russia has no plans to accept cryptocurrency donations or offerings. According to a Q&A streamed on YouTube by Jesus Portal, the chairman of the Department for External Church Relations of the Moscow Patriarchate, Hilarion Alfeyev, said the Russian Orthodox Church, or ROC, is not planning to create its own digital currency, nor accept cryptocurrency including Bitcoin (BTC) for donations. However, Alfeyev added…

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Bitfinex, Tether Found To Misrepresent USDT Backing And Obscure User Fund Losses

After more than two years of legal battle and investigation, iFinex and stablecoin issuer Tether have agreed to an $18.5 million settlement with the New York Attorney General’s office (OAG) today while admitting to no wrongdoing. Originally promoted by findings stemming from a 2018 investigative subpoena, the OAG alleged in 2019 that cryptocurrency exchange Bitfinex used funds from Tether,  both of which are run by iFinex, to obscure some $850 million in customer funds losses caused by mismanagement or malicious action by payment processor Crypto Capital. Bitfinex and Tether have…

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Layer-2 race heats up as Loopring (LRC) price gains 430% in 2021

Loopring’s increasing DEX volume and token price show the project is emerging as one of the leading layer-two solutions working to address the high gas fees on the Ethereum network. Cross-chain bridges and layer-two solutions have become an important topic of conversation in recent weeks as protocols compete to offer the best solution to skyrocketing transaction costs on the Ethereum network.  While a lot of the focus in decentralized finance (DeFi) has been on the creation of a sprawling multichain ecosystem following the recent emergence of Binance Smart Chain and…

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