Digital Currencies incl NFT etc. 01; (Feb 14 - Apr 21)

Re: Digital Currency ( incl Blockchain, Hashgraph etc )

Postby winston » Sun Feb 28, 2021 7:27 am

not vested

The world’s biggest bitcoin fund sinks to a record discount to underlying holdings as mania over cryptocurrency cools

The US$31.6 billion Grayscale Bitcoin Trust (GBTC) plunged 22 per cent this week, outpacing a 17 per cent decline in the world’s largest cryptocurrency

That wiped out GBTC’s premium to the bitcoin it holds, with the price of GBTC closing 3.8 per cent below the value of its underlying holdings

The Bitwise 10 Crypto Index Fund, the Osprey Bitcoin Trust and the SkyBridge Bitcoin Fund LP have all launched within the past three months.

Meanwhile, two bitcoin ETFs – a structure yet to be approved by US regulators – began trading this month in Canada.


Source: SCMP

https://www.scmp.com/business/companies ... underlying
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Re: Digital Currency ( incl Blockchain, Hashgraph etc )

Postby winston » Sun Feb 28, 2021 8:04 am

5 Reasons Bitcoin Is Superior to Gold

by Matt McCall

1. Supply: Both gold and bitcoin have limited supply, but the argument is more bullish for bitcoin over the long term.
Winston's Comment: Is there really an unlimited supply of Bitcoin? There are various other Altcoins. But there's a limited supply of Precious Metals.

2. Authenticity: Bitcoin and altcoins can be verified on the blockchain in a matter of seconds. Verifying gold takes much longer and is more expensive.
Winston's Comment: You do not need to verify GLD, the ETF. And your bitcoin account and bitcoin exchange have been hacked before.

3. Transferability: Bitcoin is a digital asset, so it can be sent via the internet to anyone around the world with a connected device. Gold can also be transferred, but delivering a physical bar of gold is not easy (did I mention they're heavy?) and definitely not safe.
Winston's Comment: GLD can also be easily transferred to Cash.

4. Liquidity: Bitcoin is sold on any number of large, billion-dollar exchanges in a matter of seconds. Gold is not so easily converted into cash, making it a lot less liquid than bitcoin.
Winston's Comment: GLD can be converted to Cash easily

5. Legal Tender: Bitcoin is only 12 years old, but it is already a payment option at many places… with more joining the list each day. Tesla (TSLA) recently announced its hope to accept bitcoin as payment for vehicles. Gold, on the other hand, is rarely used to buy goods and services. Can you imagine walking into the mall with a bar of gold in your pocket?
Winston's Comment: GLD can easily be transferred to Cash

Bottom line: Bitcoin is the new digital gold.
Winston's Comment: Really? China, India and Russia have already banned Bitcoin. The US requires it to be taxed if there's any Capital Gains, removing the anonymity. I can see other governments banning Bitcoin and coming out with their own Digital Currency like China.

Source: Investor Place
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Re: Digital Currency ( incl Blockchain, Hashgraph etc )

Postby winston » Sun Feb 28, 2021 8:41 am

Digital assets in exchange-traded products double in February to US$44 bil — CryptoCompare

by Tom Wilson

Digital assets under management across exchange-traded products doubled this month to a record US$43.9 billion.


Source: Reuters

https://www.theedgemarkets.com/article/ ... ptocompare
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Re: Digital Currency ( incl Blockchain, Hashgraph etc )

Postby winston » Sun Feb 28, 2021 9:57 am

not vested

Riot Blockchain Inc. (NASDAQ: RIOT) is a $3.2 billion Bitcoin miner - one of the largest in North America, in fact.

The cool thing is Riot is highly correlated with Bitcoin; this makes sense when you remember that Riot's revenue is all in Bitcoin.

The company generated 222 bitcoins in the third quarter of 2020 alone but at current prices, that's a cool $10.2 million.

As impressive as Bitcoin's 2020 performance was, Riot actually blew it out of the water. Hard to believe, but the charts don't lie - its performance was twice that of Bitcoin.

When Elon Musk announced Tesla was plowing 5% of its available cash into Bitcoin, Bitcoin jumped 23%. Well, Riot went 71% higher. Riot's constantly adding more and more Bitcoin to its portfolio.

Like I mentioned a minute ago, I think there are plenty of great coins out there - and I'm not just talking about Ethereum and Litecoin.

There are tiny, virtually unknown coins hiding out there in plain sight, and they can be stacked with even more profit potential than Bitcoin.

Source: Money Morning
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Re: Digital Currency ( incl Blockchain, Hashgraph etc )

Postby winston » Mon Mar 01, 2021 7:54 am

Bitcoin punters risk getting fingers burnt

by Andrew Wong

Before we consider whether the party has ended for cryptocurrencies, we should first ask ourselves: what investment value do cryptocurrencies really hold?

There are no mainstream businesses that allow customers to pay using encrypted currencies. This is simply because these currencies are far too volatile and carry great risks to merchants.

There is no country that keeps any of its reserves in cryptocurrencies.

Countries all over the world have begun to strengthen their regulations on cryptocurrencies and as these laws get stricter it will cause a precipitous fall in these currencies.


Source: The Standard

https://www.thestandard.com.hk/section- ... gers-burnt
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Re: Digital Currency ( incl Blockchain, Hashgraph etc )

Postby winston » Wed Mar 03, 2021 8:07 am

How to buy Bitcoin when you are a total novice

The most simple means of getting started is to sign up to a cryptocurrency exchange platform.

Some of the best-known are Coinbase and Coinhouse, which can be accessed via a web browser or through dedicated mobile applications.

Once signed up, users have to confirm their identity then enter a payment method for buying Bitcoin or receiving payment when converting Bitcoin into local currency.

In both cases, bank transfer or bank card transactions are possible.

However, fees are usually debited for each transaction, and these are generally higher for card transactions.


Source: ETX Studio

https://www.malaymail.com/news/money/20 ... ce/1954046
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Re: Digital Currency ( incl Blockchain, Hashgraph etc )

Postby behappyalways » Wed Mar 03, 2021 3:12 pm

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Re: Digital Currency ( incl Blockchain, Hashgraph etc )

Postby winston » Sat Mar 06, 2021 11:14 am

Beijing teams up with tech giants for e-RMB

By FRANK CHEN

The People’s Bank of China has integrated Tencent and Alibaba – specifically, their WeChat Pay and AliPay services as well as their newly established WeBank and MYBank – into its beta digital yuan system being trialed in cities from Suzhou to Shenzhen.

“In current electronic payment scenarios, money paid via WeChat Pay or AliPay is indeed deposits from commercial banks as users have to link their savings accounts to the two platforms to use their services”.

“With the launch of the digital yuan, these platforms can continue to operate and these virtual wallets will also contain the e-RMB issued by the PBoC, alongside deposits from commercial banks.

The central bank’s platform had already processed 3.13 million e-RMB transactions worth 1.1 billion yuan during the first three quarters of 2020. The trials across Beijing, Suzhou, Shenzhen and Chengdu involved 113,300 personal e-RMB wallets.


Source: Asia Times

https://asiatimes.com/2021/02/beijing-t ... 340db87eb1
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Re: Digital Currency ( incl Blockchain, Hashgraph etc )

Postby winston » Mon Mar 15, 2021 9:46 pm

Bitcoin’s Dirty Secret

by Jody Chudley

The Cambridge study shows that currently, Bitcoin mining consumes more energy in a year than entire countries like Switzerland and Argentina.

Almost two-thirds of Bitcoin mining happens in China, where the main source of electricity is coal – the dirtiest power source.


Source: Wealthy Retirement

https://dailytradealert.com/2021/03/15/ ... ty-secret/
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Re: Digital Currency ( incl Blockchain, Hashgraph etc )

Postby winston » Sun Mar 21, 2021 9:00 am

Cryptocurrencies under fire

By ZUNAIRA SAIEED

Reports have indicated that the Indian government plans to pass a bill that would ban just about every activity involving cryptocurrencies, including the possession, issuance, mining, trading and the transferring of crypto-assets.

The strong stance against cryptocurrencies has also been shown by China’s government. More than three years ago, China was the first country to ban initial coin offerings (ICOs), calling it “illegal fundraising”.


Source: The Star

https://www.thestar.com.my/business/bus ... e=smartech
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