Grayscale Now Owns 2.4% of BTC Circulating Supply

Over the past week, crypto fund management firm Grayscale Investments increased its assets under management by $180 million in the firm’s Bitcoin Trust.

Grayscale Investments now controls 2.4% of the current BTC supply

The investment firm purchased 17,100 BTC in the last week. Crypto fund manager Grayscale Investments has increased the assets under management in its Bitcoin Trust by more than $180 million over the past week. According to data from information platform Bybt, Grayscale added 17,100 Bitcoin (BTC) to the firm’s Bitcoin Trust in the last seven days.

Bitcoin Miner Producer Ebang Blames Coronavirus for 50% Slump in Revenue

Nasdaq-listed bitcoin miner manufacturer Ebang said the pandemic had disrupted its supply chain and led to a significant drop in revenue.

Tether’s Stablecoin Dominance Drops Below 80% as Audit Controversy Lingers On

The total volume of stablecoins in circulation is closing in on the $20 billion mark, while the market-leading coin, USDT’s share of the total circulating supply continues to shrink, data from Coinmetrics shows.

Uniswap Users Have Claimed $560M-Worth of UNI Tokens in a Week

Dune Analytics data shows nearly 80% of the current UNI token supply has so far been snapped up by eligible Uniswap wallet addresses.

Could holding 0.28 BTC could put you in the 1% wealth bracket?

The numbers line up, but do the facts? A large portion of Bitcoin's (BTC) value lies within its limited 21 million coin supply, which means ownership of a small portion could lead to significant wealth — if mass global adoption occurs.  "There is only 0.0027 BTC for the current 7 billion people," trader, Bitcoin evangelist, and Twitter personality Davincij15 said in a Sept.

Yam plans protocol overhaul despite first successful V3 rebase

Despite Yam’s first post-relaunch rebase executing successfully, its developers are planning many more changes to the protocol. Yam, the decentralized finance (DeFi) sector’s original food-themed clone protocol, has successfully completed its first rebase since its V3 relaunch. Yam’s relaunch on September 18 followed the spectacular failure of Yam V2 last month — where a bug in the protocol’s unaudited code rendered governance impossible after only two days by rebasing the token’s supply 10 times higher than its design intended. The Yearn.finance style protocol describes itself as “an experiment in fair farming, governance, and elasticity,” with Yam seeking to maintain a peg of 1 yUSD per token through adjusting or ‘rebasing’ its supply at 12-hour intervals.

Supply of Tokenized Bitcoin on Ethereum Now Tops $1.1 B: Here’s Why

The supply of BitGo’s wrapped bitcoins (WBTC) topped 76,000 after setting an all-time record of nearly 21,000 WBTC minted within one week.

Austrian gin makers to use blockchain to guarantee bottles' rarity

The world of fine spirits continues to apply distributed ledger technology. The Stin, an Austrian-based gin distiller, is set to use ICON (ICX), South Korea’s largest public blockchain project, to transparently track its supply chain. An Austrian blockchain firm, block42, will be combining near-field communication (NFC) technology with the ICON blockchain to maximize the security of the tracking system. NFC chips and devices function as electronic identity documents and keycards and are currently used in contactless payment systems and mobile payments services that replace credit cards. For The Stin's supply chain, block42 will be fitting 999 bottles of the distiller’s limited-edition gin with crypto-enabled NFC chips.

Joke MEME coin airdrop is now worth $600K

The MEME crypto asset has blasted into new all-time highs of $1,775 after being listed on Poloniex. MEME, a community-driven project inspired by a ConsenSys developer’s satire of the yield farming bubble, has gained nearly 100% in 24-hours to post an all-time high of $1,775 after listing on Poloniex. Since the start of September, MEME has gained more than 900%, despite its supporters promoting the project through the slogan ‘don’t buy MEME.’ MEME is currently the 254th-ranked crypto asset with a $48 million market cap, with more than $17 million worth of MEME changing hands in the past 24 hours. MEME/USD: CoinGeckoThe project’s unlikely rise began when ConsenSys’ DeFi product lead Jordan Lyall created a mock-advertisement for a yield farming protocol generator dubbed ‘The Degenerator.’ Within hours of the post circulating across crypto-Twitter, someone had created an ERC-20 under the same name, and listed it on Uniswap under the ticker ‘MEME.’ The 28,000 token supply was distributed via airdrop in batches of 250 to Telegram users within 30 minutes of the token’s creation. The project now comprises an “experimental protocol” that “mash[es] up some of the most exciting innovations in DeFi” by offering yield farming rewards in the form of meme-inspired non-fungible token collectibles. 11 days ago the Meme Team was born just minutes after my degenerator tweet mocked YOLO DeFi developmentNow: against all odds, and irony, it's a passionate community experimenting with DeFi and artMeme is an NFT farming protocolThe LP Pool is live!https://t.co/etBA1cmr1P pic.twitter.com/5v9dt2jc2t— Jordan Lyall (@JordanLyall) August 26, 2020 Poloniex is the sixth exchange to list the token, following Uniswap, Balancer, 1inch, Hoo, Mooniswap.

What is VeChain?

VeChain was founded in Shanghai in 2015 by the former CIO of Luis Vuitton China, Sunny Lu, as a blockchain to improve business processes and supply chain management.

South Australian food and wine tracing platform teams up with Hedera

The Australian government-backed supply chain traceability platform Entrust is launching on Hedera Hashgraph. The Australian government-backed agricultural supply chain platform Entrust has announced it will operate on Hedera Hashgraph — a distributed ledger platform claiming a transactional throughput of 10,000 transactions per second. South Australia’s premier, Steven Marshall, officially launched Entrust on September 20, describing the platform’s initial focus as protecting the wine and dairy manufacturing industries from counterfeit fraud in the global markets, and driving efficiency savings across agricultural sectors. Entrust is a software-as-a-service platform that tracks the movement of primary products (such as wine grapes) across the local agricultural supply chain, as well as the supply chain of the secondary manufactured products (in this case, the wine itself.) Geolocation, time-stamping, and other key data is immutably recorded to Hedera Hashgraph, and is accessible via web browser or mobile application. The beta platform is currently being trialed by more than a dozen companies based in South Australia’s Clare Valley wine region, and is tracking the movement of more than 250,000 liters of wine.

Iranian Power Plants to Supply Surplus Power to Bitcoin and Crypto Mining Farms

Power plants in Iran are considering supplying surplus electricity to Bitcoin and cryptocurrency mining farms in the nation.

Three Iranian Power Plants Plan to Sell Electricity to Crypto Miners

Three Iranian power plants with enough output to supply half of New York City will begin selling some surplus power to crypto miners.

CREAM Finance Burns 67% of Its Total Supply Today

CREAM Finance announced a massive token burn.

Worth Over $1 Billion: Tokenized Bitcoins on Ethereum Approaching 100,000

The total supply of tokenized bitcoins on the Ethereum network is close to touching the 100,000 mark.

VeChain to Supply Blockchain Tech for Chinese Food Safety Group That Includes McDonald’s

The VeChain Foundation has become the first blockchain-based entity to join the China Animal Health and Food Safety Alliance (CAFA) and will work with members to trace supply chains in the country.

Tether market cap increases almost 4X in 2020 to $15 billion

Tether supply surges to $15 billion but it could still be a house of cards The surging DeFi sector has resulted in a mass minting of Tether in 2020 — including $3B last month alone — which has pushed its market capitalization over $15 billion. At the beginning of the year there was just over $4 billion USDT in circulation, and today that figure is over $15 billion.

Bitcoin Supply on Ethereum Tops $1B

92,609 bitcoins have been tokenized on Ethereum.

Over 15% of ETH Supply Locked in Smart Contracts, BTC Dominance Declining

The rapid growth of decentralized finance (defi) protocols is contributing to the increasing proportion of ETH supply that is now locked in smart contracts.

Bitcoin will continue appreciating, although at a slower pace than in the past, Bloomberg analyst explains

According to senior commodity strategist at Bloomberrg Mike McGlone, Bitcoin’s limited supply and increasing adoption will lead to steady, although gradual, appreciation. Mike McGlone, Senior Commodity Strategist at Bloomberg, is convinced Bitcoin will continue to appreciate thanks to its fixed supply coupled with increasing demand.  “I don't see what [could] make it stop doing what [it’s] been doing for the last 10 years.

Major Asian bank issues credit on SCB-backed blockchain

Blockchain is helping companies from Vietnam and Thailand settle trades more smoothly. The Asian Development Bank (ADB), headquartered in the Philippines, has settled its first letter of credit (LC) transaction using the Standard Chartered-backed Contour blockchain network. The trade was a part of ADB’s trade and supply chain program and involved Standard Chartered and the Bank for Investment and Development of Vietnam. ADB’s trade settlement also marked the first blockchain-based cross-border LC transaction between Vietnam and Thailand.  According to a Global Trade Review report, the trade involved a $50,000 plastics shipment sent from Thailand’s SCG Plastics Co Ltd to Vietnam’s Opec Plastics Joint Stock Company. Although ADB did not specifically mention how blockchain added to the efficiency of the trade settlement, Steven Beck, the bank’s head of trade and supply chain finance, said that the use of blockchain has made trade more efficient while reducing risk and lowering the barriers to entry for small and medium-sized businesses in developing parts of Asia. Social distancing measures implemented worldwide due to the ongoing pandemic has proven the importance of trade digitization, driving many major entities involved in international trade and supply chain to implement blockchain in a bid to digitize operations, set aside paperwork and resume business. The London-based multinational banking firm Standard Chartered also conducted the first blockchain-based trade in Bangaladesh, introducing the South Asian country to blockchain innovation. Cointelegraph previously reported that Australia’s National Blockchain Lead Chloe White from the Department of Industry had suggested that blockchain could help combat food and wine fraud that costs the country almost $1.7 billion every year.

Yam Finance readies for less-disastrous relaunch

Yam is gearing up for its V3 release later this week after undergoing a security audit from PeckShield. Decentralized finance (DeFi) protocol Yam Finance is relaunching on September 18. Yam Finance V2, a fork of Compound (COMP) featuring a native token with an elastic supply, burst onto the DeFi scene last month — garnering more than half a billion in assets from yield farmers within 24 hours of launching.

No, Another $1 Billion In Tether (USDT) Wasn’t Added To The Crypto Market Cap

This week, over $5 billion in Tether (USDT) was minted and added to the stablecoin’s circulating supply and market cap.

Ampleforth and Balancer Create USDC-AMPL 'Smart Pool'

Ampleforth, the dollar-pegged elastic supply asset, is joining with Balancer to help liquidity providers protect against losses unique to DeFi exchanges.

Renault tests blockchain platform for parts compliance

No, the blockchain is not in your car. Luxury carmaker Groupe Renault tested its blockchain project aimed to ease compliance certification of vehicle components.  The project, Extended Compliance End-to-End Distributed, or better known as XCEED, grew out of Renault’s partnership with other companies to develop a blockchain supply-chain solution by sharing data.

$YFI Creator Wants To Cap the Token’s Supply

Andre Cronje has proposed that YFI be capped at 30,000 tokens—permanently.

Stablecoins post triple-digit growth in 2020, but institutional rivals loom

Despite stablecoins posting triple-digit market cap growth this year, competition from projects backed by major financial and tech corporations is on the horizon. The supply of the Coinbase-backed stablecoin USD Coin (USDC) has grown by 250% since the start of 2020, including an 80% expansion in just the past two months. After starting the year with a nearly $520 million market cap, USDC now ranks as the 16th-largest crypto asset with a $1.86 billion capitalization — beating out all other major stablecoins except for the $14.5 billion Tether (USDT) by at least four times.

USDC Stablecoin Supply Is up 250% in 2020. Here's Why

Supply of USDC, the Coinbase-backed stablecoin pegged to the US dollar, has grown 80% since July and is showing no signs of slowing down.

Walmart Canada’s blockchain freight supply chain proving its value

One of the biggest retailers in the world is using blockchain to transform its supply chain.

FTX’s CEO to Reduce Sushiswap Supply, Analytics Firm Suggests SUSHI’s Price is Overvalued

A few days after receiving control over the Sushiswap protocol, FTX’s CEO Sam Bankman-Fried recently announced his ideas regarding the future of the protocol.

The rise of DEXs: Fueled by DeFi and ready to disrupt the status quo

With Uniswap surpassing Coinbase, are decentralized exchanges taking over, or is it just a fad? Uniswap recently surpassed Coinbase Pro in trading volume, overtaking one of the most popular centralized exchanges in the space after reaching around half a billion dollars in daily volume.  Although Coinbase Pro is by no means the largest exchange out there, it seems that the decentralized sector is catching up to traditional crypto trading platforms. Uniswap is a decentralized exchange and automated liquidity protocol where users can buy and sell ERC-20 tokens and supply liquidity in order to earn exchange fees.

FTX CEO Confirms Sushiswap Multisig Migration, Suggests SUSHI Supply Reduction

FTX CEO, who recently received control over the SushiSwap protocol, believes the project should reduce the token supply, the fees, and perhaps build a copy on Serum.

Amazon and Tech Mahindra to Create Blockchain-Based PPE Supply Chain Solutions

Indian based technology company Tech Mahindra announced today that it has partnered with US based e-commerce giant Amazon Web Services (AWS) to deploy blockchain solutions using Amazon’s managed blockchain.

Sorry, Governments, We’re Entering the Era of Private Money

Whether the US government likes it or not, the world is demanding crypto-dollars and the private market is ready to supply them.

Tech Mahindra to build multiple blockchain solutions on Amazon’s blockchain

Indian IT tech giant Tech Mahindra will build blockchain supply chain solutions for aviation, healthcare and telecom sectors. The Indian IT giant Tech Mahindra is planning to build and deploy an array of blockchain solutions on Amazon Managed Blockchain in the next 12 to 18 months. According to a report by The Economic Times on Sept.

Elrond Completes 1000:1 Token Swap, Binance Supports the Transition

Upon completing the successful token swap, Elrond's new native cryptocurrency eGLD comes with a new economic model with a limited supply of up to 31.4 million coins.

Blockchain can combat Australia’s $1.7B food and wine fraud problem

Food and wine fraud costs Australians $1.7 billion, but government and industry experts say blockchain could be the solution A supply chain forum featuring local experts and government officials has advocated using blockchain technology to fight the $1.7 billion worth of food fraud annually harming Australia's primary sector. Blockchain Australia deputy chair Rob Allen moderated the online panel discussion on Sept.

Stablecoin market cap increases by $100M every single day

‘DeFi yields and interest rates are clearly a vacuum sucking in a lot of stablecoins,’ says Coin Metrics’ Nic Carter. The rise of DeFi protocols and the demand for tokens in liquidity pools may be contributing to a huge surge in the supply of stablecoins. According to an Sept.

Bloomberg: Bitcoin could hit $500k or drop to zero

Limited supply and increasing demand are pushing Bitcoin into becoming digital gold. In September’s crypto outlook newsletter, Bloomberg’s analyst Mike McGlone observed that the price of Bitcoin (BTC) could either be heading to the $500,000 mark, or it could fail.

Bitcoin is now the 6th largest world currency

At its current market cap, Bitcoin has a money supply worth more than 170 different fiat currencies.

Coca-Cola Amatil invests in Centrapay’s seed funding round

Centrapay, a digital payment platform that serves KFC, Adidas, BP, and Carlton Draught has secured an investment from Coca-Cola Amatil for an undisclosed amount Coca-Cola Amatil’s corporate venturing platform Amatil X has invested in digital asset and payment provider Centrepay, as part of the startup’s seed funding round.  Coca-Cola Amatil, one of the largest bottlers of the Coca-Cola range in the world with over 270 million customers, already had a corporate partnership with Centrepay by allowing users to pay for items with cryptocurrencies on any of the company’s 2,000+ vending machines across Australia and New Zealand.  Centrepay is now expanding its payment forms to include contactless fiat, Epay gift cards and vouchers, with Centrepay CEO Jerome Faury stating that both companies are aligned strategically around “preserving consumer privacy and data ownership rights” adding: The fact that Coca-Cola Amatil has invested in Centrapay through Amatil X, shows that there is a real appetite to provide customers with new ways to engage or to exchange value. The investment will be used to progress Centrepay’s new payment service which allows consumers “to send fiat or other supported payments as easily as a text message through the Centrepay Wallet.” “The advent of smart, programmable money is rapidly evolving new economic models,” Faury explained, “The way we exchange value is set to change dramatically.” This isn’t the first blockchain-focused investment Coca-Cola has committed to as Coke One North America — the firm that manages IT operations for Coca-Cola in that region — began using SAP’s blockchain solution to manage the company’s supply chain.

Bittrex lists Turkish stablecoin BiLira

Turkish Lira-backed stablecoin BiLira is now open for trading on Bittrex Globalcryptocurrency exchange. Users can now use their ERC-20 BiLira tokens to buy Bitcoin (BTC) and Ethereum (ETH) on Bittrex Global.  The announcement states that there are currently 20 million BiLira tokens in supply.

Ethereum Might Face Supply Squeeze - Researcher

With the roll-out of staking on Ethereum (ETH), as well as DeFi protocols like yearn.finance (YFI) introducing ETH vaults, the market for the second-most valuable cryptoasset may be about to get significantly tighter, US-based crypto research firm Delphi Digital has warned. The case for what appears to be a perfect storm for the price of ETH was laid out by Alex Gedevani,

Bitcoin, USD velocity both crash — but BTC price reacted differently

Rampant inflation of the dollar’s M2 money supply is only enriching the “cantillionaires,” Max Keiser argues as its velocity hits record lows. There are more United States dollars than ever, but the rate at which they move around the economy has never been so low. That was according to the Federal Reserve’s own statistics on Aug.

‘We’re getting paid to produce Bitcoins’ reveals Texas BTC miner

Layer1's plan to sell excess power back to Texans has resulted in 700% profits Texas crypto miner operator Layer1 Technologies has been able to sell back its power supply for 8X the price. According to a Sept.

Blockchain platform connects Indian farmers to UAE food industry

Agriota E-Marketplace may give farmers in India more access to the UAE’s multi-billion dollar food industry. Food industry officials in the United Arab Emirates may soon have a blockchain-based supply chain to obtain agricultural products directly from India. According to an Aug.

Vitalik Buterin compares DeFi tokenomics to the Fed’s money printer

Ethereum’s co-founder has taken aim at coins designed to incentivise yield farming, comparing their underlying economics to irresponsible monetary policies Vitalik Buterin, the co-founder of Ethereum (ETH), has again taken to Twitter to warn against naive bullishness in the decentralized finance (DeFi) sector, comparing the economics of yield farming tokens to the Federal Reserve’s money printing. Yield farming - providing liquidity to earn interest in the form of tokens - has taken the crypto community by storm and sparked the DeFi boom. However, Buterin highlighted the aggressive supply inflation of many governance tokens, saying this puts downward pressure on the prices of “coins that are getting printed nonstop to pay the liquidity providers.” Seriously, the sheer volume of coins that needs to be printed nonstop to pay liquidity providers in these 50-100%/year yield farming regimes makes major national central banks look like they're all run by Ron Paul. Buterin is not alone in his assessment of these inflationary aspects of the DeFi sector, with Twitter user ‘Larrypc’ likening yield farming to “a giant Ponzi scheme.” Yield farming at this point is just a giant Ponzi schemeSomeone forks a well-established project, makes minimal changes, gives it a funny nameSome insiders farm a large amount of coins, shill it on social media, and dump it on naive investors at massively inflated prices— Larry | larrypc.eth (@Larrypcdotcom) August 31, 2020 Not everyone is a skeptic, with investor David Lach responding: “If you see those printed coins as new cryptocurrencies (like BTC, ETH etc.) then yes, it's insane.

OPEC Workshop Will Focus on Blockchain Integration with Oil Supply Chains

The OPEC Member Countries have revealed that its forthcoming videoconference workshop will feature blockchain integration with supply chains.

Ethereum Wrapped Bitcoin Supply Doubles In August Alone, But Why?

The decentralized finance movement has helped drive up the value of Ethereum and other ERC-20 based projects compared to Bitcoin and other assets.

Coffee Goliath Starbucks Adopting Blockchain Technology to Track Supply

Starbucks is now using a blockchain-based platform that allows customers of its US stores to know where their beans came from.

Bitto Exchange: Bitto's limited circulating supply promises Unchartered Potential

2017 was a breakthrough year for cryptocurrencies.

Winklevoss Brothers Say Bitcoin Could Reach $500K as the ‘Only’ Long-Term Inflation Hedge

"Bitcoin is ... the only known commodity in the universe that has a deterministic and fixed supply," the Winklevoss brothers wrote in a blog post saying the cryptocurrency may one day hit $500,000.

The Robonomics token is trading for $95,000 each on Uniswap

Robonomics’ lifetime subscription token is trading for close to six-figures on Uniswap. The highly-anticipated launch of Polkadot’s (DOT) mainnet has seen many smaller crypto assets associated with the project explode recently. Both tokens of the distributed ledger technology (DLT)-powered robotics and Internet-of-Things (IoT) project Robonomics have been among those to surge alongside Polkadot, with the price of its utility token XRT increasing 10 times earlier this month. However, Robonomics’ “lifetime subscription token,” Robonomics Web Services (RWS), has also posted massive gains — becoming the first crypto token to trade for more than $100,000 when it tagged $116,000 in recent weeks. RWS’s extreme price owes to the token’s minute supply, with only 50 coins currently circulating from a maximum supply of just 100 tokens.

Stablecoin metric hints Bitcoin price will rise as buyers snap up BTC

Stablecoin supply ratio shows much more buying power among stablecoin holders currently, with Bitcoin trailing at $11,400. Bitcoin (BTC) at $11,400 is ripe for a fresh price surge thanks to stablecoin investors buying up cheap coins, data suggests. Highlighting the latest readings from its stablecoin supply ratio (SSR) metric on Aug.

Brazil’s central bank examines the benefits of a CBDC

Brazil’s central bank believes you’ve got to change money, to save money. The Central bank of Brazil — or Banco Central do Brazil — is laying the groundwork for a Central Bank Digital Currency (CBDC) with an official statement revealing it has already formed a dedicated group to study the crypto industry. According to the central bank, the team consists of 12 members in an intergovernmental group that will assess how the CBDC could fit with the national payments ecosystem and what its impact could be on the economy and the society. Previous reports detailed that Brazil spends around 90 billion reals ($16 billion) annually to guarantee a functional supply of paper money in circulation, representing between 1% and 2% of its GDP.  The central bank says that the new group will examine how much money will be saved by issuing CBDCs and if it will be beneficial overall for the national economy.  Rafael Sarres de Almeida, an official from the Information Technology Department of the Brazilian central bank, said in the statement: “The subject of digital currencies addressed by central banks has been on the research agenda of many central banks for some time.

The day someone created 184 billion Bitcoin

Bitcoin's supply is limited to 21 million—but in the cryptocurrency's early days, one hacker was able to create 184 billion Bitcoin out of thin air.

DLT tracking partnership to fight fake diamonds in China

Everledger’s partnership with JD.com will allow buyers in China to purchase diamonds knowing their origins. DLT supply chain firm Everledger is partnering with local Chinese diamond sellers to ensure customers only receive genuine gemstones. In an Aug.

Coffee Giant Starbucks Leverages Blockchain to Track Coffee From Bean to Store

Starbucks intends to leverage blockchain traceability on its coffee supply chain.

Book review of Don Tapscott’s collaborative ‘Supply Chain Revolution’

A detailed explanation of how blockchain is being applied to transform a variety of supply chains Author Don Tapscott’s latest book Supply Chain Revolution highlights opportunities for transformation that blockchain can bring to what the book calls a $50 trillion supply chain industry issue.  Tapscott, who is also co-founder of the Blockchain Research Institute, told Cointelegraph that Supply Chain Revolution is the second book in the series being produced by the BRI, noting that over 100 companies agreed to make their research publicly available to interested readers.

Stop Sweating About BTC Supply, Expert Tells Bitcoiners

Bitcoiners’ greatest fear – certainly in recent months – revolves around supply issues.

With Blockchain, Fraud Will Not Be Able to Steal Digital Ad Revenues

Supply chain transparency is the spanner in the works of the digital advertising machines, but can blockchain help? Recent statistics show that digital advertising spending worldwide will reach a total of $335 billion dollars in 2020.

Ethereum supply hit as congestion concerns begin to ease

Ethereum has not only been the market's second-largest cryptocurrency, but it has also been the torchbearer for many of its fellow altcoins.

VeChain Launches Blockchain-enabled Sustainability Solution

Companies using the solution may even cut costs. VeChain launched its blockchain-enabled sustainability solution aimed towards companies looking to digitize their sustainable practices.  Part of its blockchain-as-a-service platform ToolChain, VeChain promises the solution can streamline sustainable practices during the supply chain and manufacturing process and also showcase these practices to third parties like regulators. VeChain said the tool provides immutable proof of a green supply chain and can cover different stages of manufacturing.

Grayscale: Bitcoin Market ‘Looks Like 2016, Before Historic Bull Run’

Grayscale notes that long term holders are increasingly dominating the Bitcoin markets over short-term speculators, driving demand relative to supply. A new report by crypto fund manager Grayscale Investments argues that the current Bitcoin (BTC) market structure “parallels that of early 2016 before it began its historic bull run.” Grayscale predicts that demand for Bitcoin will significantly grow as inflation accelerates, highlighting the need for a scarce monetary commodity, bolstering the use-case of the cryptocurrency. The report identifies several on-chain indicators showing growing interest in crypto, noting an increase in long-term holding over short-term speculation, amid historic lows for the number of Bitcoin held on exchanges. Grayscale also notes that daily active addresses are at their highest level since 2017’s all-time highs. The report asserts that loosening monetary policy from the United States’ abandonment of the gold standard onwards have created cycles of debt-fuelled asset bubbles followed by aggressive quantitative easing. Grayscale notes the increasing dependence of the US economy on quantitative easing (money printing) to stay afloat and that history shows it’s an addiction difficult to quit.The S&P dropped 20% over three months in response to the Federal Reserve floating plans to reverse its monetary expansion in 2018. Despite the US dollar remaining “structurally strong relative to other currencies” the report asserts that investors who are wary of inflation amid the “unprecedented monetary and fiscal stimulus” are searching for ways to protect against the ever-expanding money supply — bolstering the case for Bitcoin as a store of value. Grayscale cites the scoring system used by hedge fund manager Paul Tudor Jones to assess Bitcoin’s attributes against cash, gold, and financial assets and determine the market’s growth potential. Quoting Jones, the report noted: “What was surprising to me was [...] that Bitcoin scored as high as it did. Bit

The New Bitcoin: yEarn.Finance (YFI) Is Trading Above 1 BTC Ahead of The Split

As YFI continues to trade at a price higher than that of Bitcoin (BTC), the community has suggested a split which would multiply the token's total supply.

Bitmain Retains Only a ‘Minuscule Lead’ Over Competitor Microbt Amid Ongoing Power Tussle, Says Report

Bitcoin mining hardware maker Bitmain still has a “minuscule lead” over competitor Microbt despite the former’s ongoing power struggle and supply chain issues, according to Bitmex.

Colombian Technology Ministry Endorses Blockchain and Crypto

Colombian public entities have identified ten areas that would benefit from blockchain solutions. The Colombian Ministry of Information Technology and Communications, or MinTIC, released a first-of-its-kind draft of a guide that calls for the public sector to adopt blockchain technology, including crypto payment-related matters. In the Guide for the use and implementation of Distributed Ledger Technology (DLT/Blockchain) in the public sector, MinTIC explains the advantages and disadvantages of implementing DLT within projects related to public entities. The Ministry also pointed out the country "is lagging" in adopting blockchain technology, citing the European Union countries, China, the United Arab Emirates, the United States, and Canada. The organizations behind the guide — which includes ViveLab Bogota, Universidad Nacional de Colombia, Bogotá City Hall, and the National — proposed ten solutions that could be implemented: payments in crypto, land registration, voting, identity data management, supply chains, health records, business records, filing of academic degrees and management of taxes and public tenders. Such solutions aim to remove third-party involvement within the security infrastructure using blockchain technology, which increases the "confidence and transparency" in the data management. Citing Satoshi On the section about cryptocurrencies, the MinTIC quotes the draft "Bitcoin: A Peer-to-Peer Electronic Cash System" — published in 2008 by the person or persons who created Bitcoin (BTC), Satoshi Nakamoto — to explain that such solution expects "to ensure the consumers' protection who invest in cryptocurrencies." There have been attempts to regulate the crypto environment in Colombia, although they were seemingly unsuccessful.

Another Bitcoin on Ethereum DeFi token is taking off

The supply of renBTC, a Wrapped Bitcoin competitor putting Bitcoin value on the Ethereum blockchain, has jumped 200% in less than week.

Major Turkish Terminals Join IBM and Maersk's Blockchain Shipping Platform

IBM and Maersk’s global blockchain shipping platform continues to onboard major new global partners. TradeLens — the blockchain shipping platform created by IBM and Danish logistics giant Maersk — has signed on a major Turkish-owned international terminals operator. TradeLens is a global supply chain management platform designed for containerized freight and logistics, which was first launched by IBM and Maersk back in April 2018.  It works by providing standards-based open APIs that allow supply chain data to be immutably and securely tracked and shared using a permissioned blockchain. Turkish-owned YILPORT Holding — which operates 22 terminals and 6 inland terminals across 11 countries — reportedly began integrating data from its Gebze and Gemport terminals in Turkey with Tradelens in July 2020.  Now that integration is complete, the terminals operator will be able to access data flows to help with the more efficient management of assets and containerized cargo. Six main messages will reportedly be operational in the API-supported data exchanges between Yilport and the platform: "gate in, gate out, vessel load, vessel discharge, actual load date list and actual discharge date list.” Via TradeLens, this container shipping-related data is accessible on the permissioned blockchain for a range of different stakeholders across the supply chain, such as shippers, agencies, port operators, customs authorities or financial service providers. IBM and Maersk’s pioneering initiative has been engaged in coordinating various government agencies and customs authorities from across the globe, attracting participants from Indonesia, Thailand, Azerbaijan, the United States and Canada, among others. As recently reported, blockchain technology is being advocated as a key tool for enterprises, organizations and even governments to develop more resilient value chains going forward after the COVID-19 crisis.  The World Economic Forum recently publ

Top Bitcoin Mining Pools See 15% Hash Rate Drop Amid Continuous Rainstorms in China

Major Chinese bitcoin mining pools are each seeing daily hash rate drops between 10 to 20% as continuous rainstorms in Sichuan disrupt power supply.

$RMPL Launches, Revolutionizing the Cryptocurrency Market with a Decentralized Elastic Supply Model

Announcing the official launch of $RMPL, an ERC20 cryptocurrency with an elastic supply model, redesigned to solve unfair market manipulation and exploitation.

Bitcoin Investors Swap for Ethereum 'Wrapped BTC' to Yield Farm and Chill

Demand for Wrapped BTC has surged as Bitcoin investors seek a private method to gain exposure to DeFi and lend farming. Demand for the Wrapped Bitcoin (wBTC) has been growing tremendously in the last few weeks, with more than 23,100 wBTC ($274 million) currently in circulation. According to data from FlipsideCrypto, a digital asset data provider, more than half of these wBTC were minted in the past month as the decentralized finance sector saw record growth. Net wBTC supply since launch.

Ethereum's circulating supply - A 'silly gotcha' debate?

Ethereum has been enjoying one of its most active days in the market, with the crypto-asset's price spiking on the charts after some time.

Miner Hut 8 Reports Q2 Revenue Plunged 67% to $6.9 Million Due to Bitcoin Halving

Canadian miner Hut 8 Mining Corp has reported that second quarter revenue tumbled 67% to $6.9 million from $21.2 million a year ago, as Bitcoin’s supply cut in May forced production to decline.

Blockchain Tracing the Cannabidiol Supply Chains Will Help Define Legal Standards

Policymakers in Europe and the US are pushing to use blockchain technology to ensure a safer, regulated cannabis market. Interest in cannabidiol-based products has been on the rise, as recent statistics show that the global cannabis market is expected to have reached $42.7 billion in the next four years.

‘How Can You Be Bearish?’ Asks Bitcoin Trader as Tether Surpasses $12B

The supply of Tether has surpassed $12 billion and this will likely only make traders more bullish on the price of Bitcoin and alternative cryptocurrencies. The market capitalization of Tether (USDT) surpassed $12 billion as of Aug.

Bitcoin a Hedge Against Elon Musk Mining Asteroid Gold, Say Winklevoss Twins

The Winklevoss Twins apparently think that space mining is just around the corner. The Winklevoss Twins suggested that Bitcoin (BTC) is a better investment than gold because the metal’s supply will increase after Elon Musk starts mining asteroids. In an interview with internet personality and Barstool Sports founder David Portnoy, the Winklevoss Twins claimed that Bitcoin is a better investment than gold because gold does not have a fixed supply: “There’s billions of dollars of gold floating in asteroids around this planet, and Elon [Musk] is gonna get up there and start mining gold.

Wall Street Starts ‘Hodling’ Bitcoin as 40% of BTC Unmoved in 2 Years

Grayscale and MicroStrategy lead a surge in institutional demand for new coins, with selling not part of the landscape, data shows. Institutions are buying huge amounts of Bitcoin (BTC) and hodling, not selling it, data shows as the network mimics early 2016. Data from various sources uploaded to social media this week show that over 40% of the Bitcoin supply has now not left its wallet in two years. Institutional BTC demand far outweighs supply At the same time, institutional-grade sources are purchasing huge amounts of BTC, in what looks increasingly like preparations for a long-term investment strategy. “In the last two weeks...

Rebase Bug Permanently Breaks Yam Governance

Unaudited contracts resulted in its death after all. A bug in the hastily-developed contracts for Yam Finance resulted in the governance contracts being “permanently broken” and $750,000 worth of Curve tokens being locked from use. Andre Cronje, DeFi developer and founder of the yEarn protocol, told Cointelegraph that this resulted from a bugged rebase function. Yam is supposed to be a stablecoin with a similar mechanism to Ampleforth, with the contracts creating or destroying supply based on the token’s price to maintain a $1 peg. Cronje said that a bug in the rebase function meant that each call after the first one would “exponentially increase [supply] every time by 10^1e18.”  This results in a massive influx of new tokens, far more than there should have been. But there were three parts to the bug, according to Cronje.

#SupplyGate and the Battle to Frame Crypto’s Next Bull Run

Why the ether supply dust-up was about much more than the supply of ether.

Building the Infrastructure for the Future Decentralized Financial Market, Coinbase Included HBTC.Com Debut DeFi Project – Nest Protocol

As the world’s leading regulatory compliant digital asset exchange, Coinbase sets one of the most stringent requirements for digital asset listing which includes technical evaluation of projects, legal and risk analysis, market supply and demand analysis, and crypto-economics.

Ethereum’s unknown supply puts its users at risk, says Pierre Rochard

Bitcoin strategist Pierre Rochard, who kickstarted the debate over Ethereum’s supply, weighs in on why it’s a potential vulnerability.

Ethereum's percent of total liquid supply beats Bitcoin, XRP, Cardano

Ethereum [ETH] may rank second in terms of popularity among major cryptos but has definitely turned out to be a good investment in 2020.

Surging Interest in ‘Yam’ Yield Farming — But Is It Too risky?

Yam Finance claims to bring fairness to farming with new elastic supply token. The latest craze in the DeFi sector is a new yield farming protocol called Yam which promises ‘equal opportunity’ staking with no premine, no founder shares, and a zero value token at launch. The experimental Yam Protocol is the talk of Crypto Twitter right now — with many excited about the big potential returns, while others worry about the risks.

Sparks Fly: Bitcoin and Ethereum Debate on ETH’s Total Supply Goes Viral

Over the past few days, a central debate has been ongoing on crypto Twitter, fueled by Bitcoin and Ethereum advocates.

How Much Ether Is Out There? Ethereum Developers Create New Scripts for Self-Verification

Ethereum and Bitcoin advocates have engaged in spirited exchange since Friday to answer an ostensibly simple question: What’s the total supply of ether?