Category: crypto

This Week in Cryptos: Binance to Support Dogecoin while Cuba Looks towards Cryptos

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Bither Platform The User Friendly Bitherium Faucet With All Blockchain Features

The architecture of Bither is designed to minimize the computational resources required for safeguarding the network, by doing so, a portion of the computing power, by the miners’ choice and in a democratic way can be driven towards scientific projects that are in need of computing power to process big data.

In this way, Bither provides PoW consensus mechanism with a more efficient framework. One of the Bither’s features is the merged mining, this is a powerful incentive to draw more miners to Bither’s network. Miners would be able to mine all customized tokens located on the second layer, not just the main coin (BTR).

Bither Platform benefits from a more efficient, flexible, modular-based and user-friendly set of features that even currently-existing blockchains with a second layer solution do not. As an example, in Bither, users can add a third layer to their network located in the second layer. Such a feature makes them able to define multiple tokens and make their project better structured.

To conclude, the Bither platform while providing all the features of current blockchains such as protecting the network with PoW, tokenization and smart contracts, it aims to push blockchain technology one step further in order to have a place in a green and eco-friendly future and to be a great help for science to afford to process big data. Besides these, Bither has brought many innovations to make its platform more efficient and user-friendly.

Source: https://panel.bither.one

The Crosscurrent Movement of Central Banks towards Stable Coins

According to Stablecoinindex, The Total Market Cap of the current renowned stable coins are up to USD9.32bn, with this number not even including all of the fiat-collateralized stable coins such as USDC, X8X, etc. Since the end of 2018, various firms are turning their focus to stable coins, voicing their opinions towards central banks who have remained pretty pessimistic towards their introduction. The Central Bank of Korea: “Stable Coin for Korea? Still Premature!”The Central Bank of Korea recently published a report “Central Bank Digital Currency and Financial Stability”published on Feb 7th, making a very specific announcement that the issuance of the Central Bank Digital Currency (CBDC) is too much “premature”, and currently they will only be focusing on R&D………..

Source: The Crosscurrent Movement of Central Banks towards Stable Coins

Nasdaq’s Bitcoin Index is a Bigger Deal Than Investors Think: It Could Lead to Much Bigger Things

According to cryptocurrency analyst Alex Ziupsnys, the introduction of the crypto indices of Nasdaq could lead to the approval of a wide range of investment vehicles in the long-term.The analyst  said: “NASDAQ to add a bitcoin index on its platform. They are reading the writing on the wall and don’t want to get left behind. There is no stopping this. Adoption happens gradually right in front of you, until you finally pause, look around, and bitcoin is the dominant asset…….

Source: Nasdaq’s Bitcoin Index is a Bigger Deal Than Investors Think: It Could Lead to Much Bigger Things

Elon Musk: Bitcoin is ‘Brilliant, Far Better’ than Paper Money; Tesla Isn’t Jumping in Just Yet

Tesla and SpaceX CEO Elon Musk believes cryptocurrency is a far better medium of transferring value than paper money, specifically lauding bitcoin for its ‘brilliant’ structure. Nearly everywhere Elon Mask goes, people want to talk about Tesla. On Tuesday, however, the media magnet went along with a change in focus by discussing his views about cryptocurrencies. His opinions come within months of a Bitcoin-related tweet that landed him in hot water with the social media platform. He ended up getting his account suspended by Twitter.

Source: Elon Musk: Bitcoin is ‘Brilliant, Far Better’ than Paper Money; Tesla Isn’t Jumping in Just Yet

SEC Commissioner Hester Peirce Offers Some Hope on Bitcoin ETF Approval

United States Securities and Exchange Commissioner Hester Peirce, popularly known in the crypto community as “CryptoMom,” has offered hopeful remarks on the prospects of a Bitcoin ETF. Pierce made her latest statement on the ETF at a speech at the University of Missouri School of Law. Her remarks follow that of fellow commissioner Robert Jackson Jr., who said in an interview with Roll Call that a Bitcoin ETF would happen “eventually…………..

Source: SEC Commissioner Hester Peirce Offers Some Hope on Bitcoin ETF Approval