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Reddit to Expand Points With Ethereum Foundation

https://www.youtube.com/watch?v=PoyTEMUwDy8 Key Takeaways - Reddit has announced plans to work with the Ethereum Foundation to scale up its points system. - Community Points were introduced to two subreddits in May 2020. - Blockchain initiatives are underway at other social media companies as well, including Facebook and Twitter. Share this article Social media site Reddit is partnering with the Ethereum Foundation to scale up its Community Points infrastructure. Reddit Embraces Ethereum Reddit says that through the partnership, it “will be increasing commitment to blockchain, accelerating scaling and resources for the Ethereum ecosystem , and bringing the value and independence of blockchain technology to millions of redditors.” The company notes that its collaboration originated with its Scaling Bake-Off, which began in June 2020. That effort sought to use blockchain to handle the site’s community points system. Twenty-two blockchain projects submitted proposals to the site. Eventually, Ethereum-based points were introduced to two subreddits: r/CryptoCurrency and r/FortNiteBR. Points represent each user’s ownership in a community and serve as rewards. Today’s announcement suggests that Community Points will be expanded across Reddit, and that the tools used to introduce these features will be open-sourced for the public. However, the company’s precise plans and its timeline are still unclear. Read the full article

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This man owns $321M in bitcoin — but he can't access it because he lost his password

https://www.youtube.com/watch?v=HEWfBXkjO2w Stefan Thomas, the founder and CEO of micropayment streaming service Coil, has $321 million worth of bitcoins he can't access. (Submitted by Stefan Thomas) As It Happens6:59 Stefan Thomas is a bitcoin millionaire. Or, he would be if only he could remember his password. The San Francisco software developer This man owns $321M in bitcoin — but he can't access it because he lost his password Read the full article

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Why Mexico’s Second Richest Man Invested In Bitcoin

https://www.youtube.com/embed/ggcT0xWhBFI   I bought the coins around 500 and then i saw it start going up, so I thought I'm a genius at investment. His name is ricardo, salinas, plego, the founder and chairman of grupo salinas with a fortune estimated at 12.6 billion dollars. He is the second richest man in mexico. Not long ago, Salinas revealed that 10 of his liquid assets are in bitcoin. That may look a little irresponsible in latin american conservative business circles. It'S a joke, it's made of air. It has nothing tangible to back it up. You know you heard all the arguments, so what is the rationale behind salinas massive bitcoin allocation, and why is latin america a promising market for digital gold to find out join us in our latest coin telegraph interview? What'S up everyone, i'm giovanni! Welcome back to another coin! Telegraph show today I have the pleasure to be joined by Ricardo Salinas founder and chairman at grupo Salinas. How are you doing today? Ricardo, i'm doing very well hello from mexico to everybody, so Ricardo. I would like to know what was the first time you heard about. Bitcoin well, it was, i was invited to a conference in new york city. I think it was organized by sap. You know the guys that do enterprise software and there were different sessions and one of the sessions uh. This guy from grayscale showed up and he gave us the whole talk about bitcoin and how he's going to take over, and i thought man this is really interesting um. It immediat Read the full article

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The pandemic year ends with a tokenized carbon cap-and-trade solution

It has been a blazing start to a new decade, with 13% more large, uncontrolled wildfires around the world this year compared with 2019. This has spelled dire consequences for CO2 levels, which have made worse a terrible COVID-19 pandemic that has led to unprecedented worldwide lockdowns that have rapidly pushed the economy toward digitization. Related: How has the COVID-19 pandemic affected the crypto space? Experts answer As a result of the COVID-19 pandemic, governments around the world have been forced to focus on integrating blockchain technology into their financial services. At the 75th anniversary of the United Nations General Assembly, Sky Guo, a founding member of the Official Monetary and Financial Institutions Forum and co-founder of Cypherium — an enterprise-focused platform facilitating interoperability between blockchains and central bank digital currencies, or CBDCs — discussed how the next generation of foreign policy leaders can leverage emerging digital technologies to solve the world’s most pressing challenges, given that 80% of world central banks are evaluating adopting CBDCs. Related: Not like before: Digital currencies debut amid COVID-19 Switching to CBCDs and a world financial infrastructure that heavily relies on blockchain technology can nevertheless have a formidable impact on CO2 levels all over the world if the electricity used for energy is produced from coal or other fossil fuels that cause the highest levels of CO2 and other greenhouse gas Read the full article

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How To Buy Bitcoin Absolute Beginners Guide | Cointelegraph

https://www.youtube.com/watch?v=zeuW3c8wtwQ Are your friends getting rich trading cryptocurrency? Do you want to get in on the trend, but have no clue how to get started? Luckily, for you, we here at Cointelegraph have put together a definitive guide for absolute beginners on everything you ever wanted to know about buying Bitcoin, but were too embarrassed to ask Bitcoin Wallet. Part 1 The first step on your journey to becoming a legendary Bitcoin trader is to open a Bitcoin wallet. A Bitcoin wallet is simply an app website or device that manages your Bitcoin private keys and allows you receive, store or spend bitcoins Bitcoin Wallet. Part 2 Wallets come in two forms: hardware wallets and software wallets, also known as cold and hot wallets. Cold wallets are hardware devices like Ledger Nano S, Trezor and KeepKey. They are much more secure but often cost a few hundred bucks Hot wallets, protect your private keys via web applications, apps on iOS or Android platforms, and even desktop apps Examples include Exodus, Freewallet, Jaxx and Electrum. Hot wallets are the most popular way to store and access Bitcoin, but can be hacked Theft. Protection After you've chosen a Bitcoin wallet, make sure to avoid scams and theft by: 1. Generating your private keys in a secure offline environment. 2,. Create backups of your private keys 3. Encrypt wallets to provide additional security next Steps. Now that youve got a Bitcoin wallet, you are almost ready to start buying, but firs Read the full article

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What Is XRP, and How Is It Related to Ripple?

https://www.youtube.com/watch?v=ahIhFvrpmIs XRP is a digital currency which is issued and partly managed by Ripple Inc. a payment solutions company that also manages the RippleNet cross-border payment network. Ripple began selling XRP in 2012, though the company has turned its attention away from the digital currency and toward its cross-border payment network in recent years. Unlike Bitcoin or Ethereum , Ripple does not refer to a blockchain network with a native cryptocurrency asset. In fact, Ripple, the company, has a history of reframing how XRP fits into its business model, first embracing it as the fuel that powers its cross-border payments What Is XRP, and How Is It Related to Ripple? Read the full article

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MassMutual Bitcoin purchase proves crypto demand is rising, JPMorgan says

  MassMutual’s $100 million Bitcoin (BTC) purchase shows that the demand for cryptocurrency will be growing further, according to strategists at major investment bank JPMorgan. In an investor note on Dec. 11, JPMorgan strategists including Nikolaos Panigirtzoglou reportedly suggested that Bitcoin adoption is now expanding from family offices and wealthy investors to bigger investors like insurance firms and pension funds. As reported by Bloomberg, the experts said that insurance firms and pension funds are unlikely to invest large amounts in Bitcoin, but even a small shift toward crypto could be significant. If pension funds and insurance companies in the United States, Euro area, the United Kingdom and Japan allocate 1% of their assets to Bitcoin, Bitcoin demand would grow by an additional $600 billion, the strategists calculated. This is almost double Bitcoin’s market capitalization, which stands at $356 billion at publishing time, according to data from CoinMarketCap. JPMorgan strategists wrote, “MassMutual’s Bitcoin purchases represent another milestone in the Bitcoin adoption by institutional investors. One can see the potential demand that could arise over the coming years as other insurance companies and pension funds follow MassMutual’s example.” Massachusetts-based insurance firm MassMutual announced on Dec. 11 that the company bought $100 million in Bitcoin for its general investment account. MassMutual told Cointelegraph that the investment is part of a broa Read the full article

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BitPay Applies to Become a National U.S. Bank

  BitPay wants to become a regulated bank. The cryptocurrency payments service has applied to the Office of the Comptroller of the Currency (OCC). A legal notice outlining the request was published by Atlanta Journal-Constitution earlier today.  BitPay Aiming for Regulatory Approval If successful, the move would see BitPay become a national bank, not unlike Wells Fargo or Citigroup. The company would be labeled BitPay National Trust Bank.  The notice mentions a capitalization of $11,998,880, equating to 12 million issued shares (120 million will be authorized in total).  The organizers behind the move include BitPay’s co-founder and CEO Stephen Pair, co-founder Anthony Gallippi, Chief Finance Officer Jagruti Solanki, General Counsel & Chief Compliance Officer Eden Doniger, and Chief Marketing Officer William Zielke. The official location of the bank would be Alpharetta, Georgia, at its current headquarters.  BitPay isn’t the only firm to make a move towards becoming a “crypto bank.” Others include Kraken, which became the first crypto exchange to win a banking charter in September. Similarly, leading companies like Coinbase and Binance now offer attractive interest rates and staking services for customers as an incentive to keep their funds on their exchanges. These initiatives arguably put them in direct competition with traditional banks.  There’s a 30-day comment period for anyone who wants to respond to BitPay’s application. The listing expires on Jan. 7, 2021.  Read the full article

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Convert cryptocurrency to cash: How to cash out Bitcoin

https://www.youtube.com/watch?v=ZjQblVIi8GQ   One of the top exchanges that allow users to cash their Bitcoins for cash is Kraken. This is one of the leading exchanges that started in 2011 and has earned the cryptocurrency industry's portal for fiat trading in cryptocurrencies and vice versa. The most reliable way to store cryptocurrency is through hardware cold wallets such as Ledger or Trezor. If you are planning to stay in the cryptocurrency world for a while, it is worth investing less than £100. Other alternatives can be used temporarily as an introduction to blockchain to understand if new technology adopted early can be adopted. As the Mt.Gox scandal showed in 2014, there is a long-term risk of storing large amounts of cryptocurrency on stock exchanges. How many years has e-sports experienced from local LAN competition to now? In terms of blockchain technology, the 2008 Bitcoin White Paper stemmed from the ideas of Stuart Haber and W.Scott Stornetta in 1991. If you have selected a purchase price for the right amount of cryptocurrency to be sold (see the "Amount" column to the left of the "Bid" column to make sure there are enough Bitcoin purchase offers at the price you are selling),  It takes a few seconds to complete the sales order. When this is done, the balance is displayed in the local currency where you sold your cryptocurrency. You have just converted cryptocurrency to cash. Read the full article

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World's First Crypto REWARDS Credit Card Coming 2021 (VISA / BlockFi)

Traditionally, reward credit cards provide refunds, points or miles. BlockFi's Bitcoin Rewards Visa credit card is the first credit card to offer rewards in the form of non-traditional currencies or digital assets (such as Bitcoin). Although Bitcoin is not classified as a security, many still treat it this way, making BlockFi's new credit card the first credit card to provide non-cash investable assets. Read the full article

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Multisig Wallets Can Keep Your Coins Safer

https://www.youtube.com/watch?v=yeLqe_gg2u0 You can select the number of keys to open the vault and the minimum number of keys required to unlock the vault (for example, you can use a 2 x 3 multi-key, which requires two of the three assigned private keys and three are closed -5, 5 of 7, etc. The so-called paper wallet is an outdated and insecure method of storing Bitcoin and is not recommended for beginners. They only store a private/public keyboard on paper. They promote address reuse and require clumsy and complex real-time system startup to ensure security, they risk printer theft and usually rely on Javascript encryption technology. The wallet contains all this information. It is important to note that the wallet does not contain your coins, but contains the information needed to withdraw coins from the network. This is similar to a bank card that does not contain your money and only contains the information needed to withdraw your money. A wallet is a file that contains a private key, so the "wallet" can even be paper or a tattoo. Historically, multi-signature wallets have been the domain of developers or core Bitcoiners because they are difficult to install from scratch. Fortunately, today's siblings' multi-signature users are easier to use than before. Nowadays, there are wallet programs that can simplify the installation of multiple signatures, as well as services that provide customer support and key management services. Read the full article

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Best Bitcoin Wallet: Choosing the Best Wallet for Crypto

https://www.youtube.com/watch?v=vsUu1rH_KUE What is the best Bitcoin wallet? Based on popular opinions and judging by all the available information, when it comes to security, hardware wallets seem to be the best choice when it comes to the best Bitcoin wallets. The two best dogs in the hardware wallet world are Trezor and Ledger Nano S. Choosing one of them will help you determine the security of your cryptocurrency! Can you store Bitcoin in several different wallets? Yes, you absolutely can. In fact, this is what you should do, especially if you want to keep a lot of coins. This way, even if there is a problem with one of your wallets, you can be sure that you will not lose all your cryptocurrency savings. Make sure these wallets are really safe! What types of cryptocurrency wallets are there? There are four main types of cryptocurrency wallets online, hardware, software (applications), and paper. Each of these types of wallets has its own characteristics, advantages, and disadvantages and therefore suits different types of people. When it comes to security, paper wallets are considered the best choice, while for convenience, software and online software should be your choice. What are "hot" and "cold" wallets? A hot wallet is encrypted storage software that can maintain a continuous connection to the Internet. However, cold wallets are hardware devices that can store your cryptocurrency offline. Read the full article

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BIG NEWS: Bank Just Told Customers To BUY BITCOIN!

Today we have massive news to talk about. A big bank just communcated to their institutional clients that bitcoin may reach more than $300,000! Timestamps: 00:00 - Intro 00:55 - Banks Bullish On BITCOIN 03:24 - Greyscale Selling BCH 05:23 - Bank Launching Crypto Exchange 06:26 - Hacker Losing His Mind?! 09:50 - Us Senator BULLISH! 11:52 - Fiat Getting Pegged To Bitcoin? fees Get $50 On Crypto.com Exchange https://satoshistacker.io/crypto CODE:p83e6wz5ni Get $50 On Crypto.com APP https://satoshistacker.io/cryptoapp CODE:p83e6wz5ni   DISCLAIMER: Trading Bitcoin is VERY risky, and 80% of traders don't make money. Make sure that you understand these risks if you are a beginner. I only recommend crypto trading to already experienced traders! **Disclaimer** Please be advised that I own a diverse portfolio of cryptocurrency as I wish to remain transparent and impartial to the cryptocurrency community at all times, and therefore, the content of my media are intended FOR GENERAL INFORMATION PURPOSES not financial advice. The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Purchasing cryptocurrencies poses considerable risk of loss. The speaker does not guarantee any particular outcome. Past performance does not indicate future results. Read the full article

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Blockchain voting is the alternative for trusted democratic elections

  The COVID-19 pandemic has impacted people’s lives, the relationship between governments and citizens, and the entire world economy, and of course, it has had a major impact on the United States presidential election. Due to social isolation, a large number of American voters opted to vote by mail, which increased vote counting time, led candidate and acting President Donald Trump to judicialize the electoral process with actions in several states, and triggered intense debates about the veracity and legitimacy of the current American electoral system. Related: Blockchain voting systems could be the future, but current flaws persist The current voting system in the digital age Currently, many have proposed “mobile” voting as an alternative more compatible with current times, allowing people to vote without leaving their homes. We are able to shop online, there are professions that are performed 100% remotely — which has intensified with the current pandemic — but electoral participation still needs to be exercised in person and in a specific location. Read the full article

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How the US election may impact Bitcoin price

  With Joe Biden poised to be the next president of the United States, Cointelegraph Consulting reflects on how traditional assets have responded to the election of a Democratic candidate. Historically, Democrats have been bullish for gold, as the common perception is that more unbacked money gets printed under Democratic leadership, further debasing the dollar. In the short term, Bitcoin (BTC) has already strongly benefited, increasing by 10% since election day so far. The latest findings by Santiment, published in Cointelegraph Consulting’s biweekly newsletter, indicate that long-term Bitcoin holders’ average profits are sitting at a 14-month high, increasing the likelihood that they may exit the positions and take profit. Market Value to Realised Value, or the MVRV ratio, is an indicator that tracks the​ average profit or loss​ of a certain group of holders in an effort to understand whether they are in a position to sell at a profit. Shortly after breaking $15,000 on Nov. 5, Bitcoin’s 30-day MVRV ratio — or the average ROI of all addresses that have acquired BTC in the past 30 days — shot up by 18.8%, indicating that short-term BTC holders were averaging close to 20% profit on their initial investment. Other on-chain metrics show that Bitcoin whales have been accumulating BTC in the run-up to the latest push past $15,000. The collective balance of addresses holding 10 to 100 BTC hit a 6-month bottom on Sept. Read the full article

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Traders on Paxful sell $16.2M of Bitcoin for discounted gift cards each week

A report published by Arcane Research has revealed that nearly half of Paxful’s trade volume comes from trade between Bitcoin (BTC) and gift cards. The report found that “purchasing Bitcoin with gift cards has been the preferred solution on Paxful each month throughout the five-year span analyzed,” and in June accounted for 48% of Paxful’s volume. Paxful processes nearly $40 million in weekly trade, which means up to $20M of BTC is exchanged for gift cards every week. Arcane highlighted the last week of June this year in the report, in which $16.2M BTC was sold for gift cards. Arcane attributes most of Paxful’s volume to demand for remittances from jurisdictions with poorly developed financial services. With more than half of Paxful’s trade by value taking place in the United States, the reports suggest much of the platform’s North American volume represents migrant workers sending funds to their families. “The gift card payment solution is flexible. It allows buyers to indirectly purchase BTC with cash through purchases of popular gift cards at gas stations, and then resell those gift cards on Paxful for BTC.“ Arcane notes that many of these trades are settled at a large discount from market value, suggesting some of these trades may relate to illegal activities: “ is often done at a significant discount, down to 60 cents on the dollar. Read the full article

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Square's Bitcoin Investment Made $2 Million Over The Last 24 Hours

Bitcoin price blasted back above $11,000 in response to yesterday’s news that the Jack Dorsey-led Square Inc. had purchased 4,709 BTC to add to company reserves. Since the news broke about the payment firm’s innovative corporate investment – a growing trend now – the cryptocurrency has risen 4%, adding an enormous sum in ROI to Square’s holdings. Here’s what it could mean for the market, and if a domino effect is beginning with this latest development. Square Inc. Invests In Bitcoin, Discloses Purchase Of Over 4700 BTC Just like in the world of stocks, commodities, and more, when businesses make moves, the assets related to them respond. The response from Bitcoin recently thanks to one corporate giant’s interest in the cryptocurrency has been substantial. But there are also few companies that are as integral to the asset’s growth as Square Inc. Payments mammoth Square is the parent company of Cash App, and its CEO is outspoken Bitcoin bull Jack Dorsey. Dorsey has several times in the past referenced the cryptocurrency becoming the internet’s currency eventually. Related Reading | Bitcoin (BTC) Blasts Through $11,000 Following Bullish Triangle Breakout Bitcoin itself has been positioned as everything from the next global reserve currency, to a store of value, safe haven asset, and an insurance policy against the unknown. Read the full article