Billionaire Steve Cohen: ‘I’m Doing a Deep Dive Into Crypto, I’m Fully Converted, I’m Not Missing This’
Billionaire investor and CEO of Point 72 Asset Management, Steve Cohen, says he is taking a deep dive into cryptocurrency. Emphasizing that he is “fully converted,” the billionaire said, “I’m not going to miss this. I already feel like I missed the first part of it.”
Steve Cohen Gets Into Crypto, Says He Is ‘Fully Converted’Steve Cohen is the chairman, CEO, and president of Point72, an asset management firm with approximately $22.1 billion in assets under management (AUM) as of April 1. The firm has 12 offices around the globe and more than 1,650 employees.
He shared his view on cryptocurrency in an interview last week, emphasizing that he has finally decided that he has got to get into the game. The billionaire CEO said:
I’m doing a deep dive into crypto. I’m fully converted.
Cohen added: “I have an old saying at the poker table, you got to pay to learn. There’s no way around it. You can talk all you want, but you’ve got to get in the game.”
He continued, “I’m hopeful that we will be able to start building something within Point72,” adding that “we are in the process of starting to think about that.” Regarding when to get into the crypto market, Cohen opined:
The timing is never good. Who knows. I don’t know if these things are going to go up.
However, the Point72 CEO is not keen on bitcoin. “Forget bitcoin,” he exclaimed. “I don’t care about bitcoin. I care more about the technology behind the blockchain and how transformational it is and how disruptive it could be.”
Cohen further shared, “I feel like the way those markets are developing could be a real interesting adjacency to what we do at Point72,” stressing:
So, I’m not missing this. I’m not going to miss this. I already feel like I missed the first part of it, but I still feel like it’s early.
The billionaire noted that cryptocurrency is an example of something he wants to “look forward and take some risk.” He concluded: “I may look foolish initially, but you size it accordingly, learn the game, and when you’re confident, then take it to the next level.”
Billionaire investor and CEO of Point 72 Asset Management, Steve Cohen, says he is taking a deep dive into cryptocurrency. Emphasizing that he is “fully converted,” the billionaire said, “I’m not going to miss this. I already feel like I missed the first part of it.”
Steve Cohen Gets Into Crypto, Says He Is ‘Fully Converted’Steve Cohen is the chairman, CEO, and president of Point72, an asset management firm with approximately $22.1 billion in assets under management (AUM) as of April 1. The firm has 12 offices around the globe and more than 1,650 employees.
He shared his view on cryptocurrency in an interview last week, emphasizing that he has finally decided that he has got to get into the game. The billionaire CEO said:
I’m doing a deep dive into crypto. I’m fully converted.
Cohen added: “I have an old saying at the poker table, you got to pay to learn. There’s no way around it. You can talk all you want, but you’ve got to get in the game.”
He continued, “I’m hopeful that we will be able to start building something within Point72,” adding that “we are in the process of starting to think about that.” Regarding when to get into the crypto market, Cohen opined:
The timing is never good. Who knows. I don’t know if these things are going to go up.
However, the Point72 CEO is not keen on bitcoin. “Forget bitcoin,” he exclaimed. “I don’t care about bitcoin. I care more about the technology behind the blockchain and how transformational it is and how disruptive it could be.”
Cohen further shared, “I feel like the way those markets are developing could be a real interesting adjacency to what we do at Point72,” stressing:
So, I’m not missing this. I’m not going to miss this. I already feel like I missed the first part of it, but I still feel like it’s early.
The billionaire noted that cryptocurrency is an example of something he wants to “look forward and take some risk.” He concluded: “I may look foolish initially, but you size it accordingly, learn the game, and when you’re confident, then take it to the next level.”
Coinbase Is Setting Up a New Home in New York
Popular cryptocurrency exchange Coinbase is setting up an office in New York.
Coinbase Is Opening an Office in New YorkBased in San Francisco, Coinbase has established itself as a leading digital currency trading hub following news in April that it would be the first crypto exchange in the history of the space to go public on the Nasdaq, though share trading has been somewhat of a rocky process. In addition, the company has recently added Dogecoin to its list of tradeable assets given how popular the currency has become.
But this news of setting up an office in New York probably takes the cake given that the Big Apple has not always been kind to cryptocurrency-based businesses and service providers. About six years ago, New York established what is known as the BitLicense, which every crypto-based enterprise would have to garner if it wanted to provide services to customers in the region.
The BitLicense was – and still is, in many ways – viewed through a harsh lens by many blockchain enterprises that claim it invokes high fees and restrictive measures designed to limit their abilities to give customers what they need. As a result, several blockchain companies that were at one time working in New York simply packed up and vowed never to do business in the area again.
Coinbase itself has not always had jurisdiction in New York, though this new establishment may change things as the platform seeks to become a bi-coastal company. The headquarters will be stationed inside a 30,000-square foot setting within the Steven A. Cohen Point72 Asset Management building at Related Co’s 55 Hudson Yards. Overall, there are 339,000 square feet to be had in the building, so Coinbase will not be taking up too much space, but it is certainly a huge step in the right direction.
For the most part, the building is utilized by corporate media companies and law firms. This will be among the first times it is used for tech purposes. One anonymous market watcher explained in an interview:
It is a new brand of user not only for Related’s Hudson Yards, but also for the entire far West Side area.
This Marks a Huge ChangeCoinbase is valued at approximately $85 billion, making it one of the largest crypto trading enterprises in the world, though it is still beaten out by companies such as Binance, which allegedly boasts the largest trading volumes of any crypto exchange in existence.
Either way, Coinbase is marking a rapid change in the world of professional workers according to a new CBRE report, which says that the leasing and subleasing of office space is reaching new highs given the amount of one-time remote workers – performing their duties from home due to the growing coronavirus pandemic – that are returning to their desks and working alongside others in offices.
Popular cryptocurrency exchange Coinbase is setting up an office in New York.
Coinbase Is Opening an Office in New YorkBased in San Francisco, Coinbase has established itself as a leading digital currency trading hub following news in April that it would be the first crypto exchange in the history of the space to go public on the Nasdaq, though share trading has been somewhat of a rocky process. In addition, the company has recently added Dogecoin to its list of tradeable assets given how popular the currency has become.
But this news of setting up an office in New York probably takes the cake given that the Big Apple has not always been kind to cryptocurrency-based businesses and service providers. About six years ago, New York established what is known as the BitLicense, which every crypto-based enterprise would have to garner if it wanted to provide services to customers in the region.
The BitLicense was – and still is, in many ways – viewed through a harsh lens by many blockchain enterprises that claim it invokes high fees and restrictive measures designed to limit their abilities to give customers what they need. As a result, several blockchain companies that were at one time working in New York simply packed up and vowed never to do business in the area again.
Coinbase itself has not always had jurisdiction in New York, though this new establishment may change things as the platform seeks to become a bi-coastal company. The headquarters will be stationed inside a 30,000-square foot setting within the Steven A. Cohen Point72 Asset Management building at Related Co’s 55 Hudson Yards. Overall, there are 339,000 square feet to be had in the building, so Coinbase will not be taking up too much space, but it is certainly a huge step in the right direction.
For the most part, the building is utilized by corporate media companies and law firms. This will be among the first times it is used for tech purposes. One anonymous market watcher explained in an interview:
It is a new brand of user not only for Related’s Hudson Yards, but also for the entire far West Side area.
This Marks a Huge ChangeCoinbase is valued at approximately $85 billion, making it one of the largest crypto trading enterprises in the world, though it is still beaten out by companies such as Binance, which allegedly boasts the largest trading volumes of any crypto exchange in existence.
Either way, Coinbase is marking a rapid change in the world of professional workers according to a new CBRE report, which says that the leasing and subleasing of office space is reaching new highs given the amount of one-time remote workers – performing their duties from home due to the growing coronavirus pandemic – that are returning to their desks and working alongside others in offices.
Bitcoin Rally Incoming, According to On-Chain Analyst Will Clemente – Here’s Why
A popular on-chain analyst believes that a Bitcoin rally is in the cards as the leading cryptocurrency faces the possibility of a supply squeeze.
Will Clemente says that a Bitcoin supply shock could ignite a significant BTC rise.
“Hang in there guys. This thing is going to pop soon.
Supply shock still in play this week.”
A popular on-chain analyst believes that a Bitcoin rally is in the cards as the leading cryptocurrency faces the possibility of a supply squeeze.
Will Clemente says that a Bitcoin supply shock could ignite a significant BTC rise.
“Hang in there guys. This thing is going to pop soon.
Supply shock still in play this week.”
Mike Novogratz Says Institutions Are Buying Bitcoin, Politicians Need More Crypto Education
Galaxy Digital CEO Michael Novogratz says that cryptocurrencies, such as bitcoin, have bounced back because institutional investors are buying. Responding to U.S. Senator Elizabeth Warren’s anti-crypto stance, he stated, "We need to do a much better job going to D.C." to educate lawmakers.
Novogratz Says Institutions Are BuyingGalaxy Digital CEO Mike Novogratz talked about the outlook for bitcoin in an interview with CNBC Wednesday.
Galaxy Digital CEO Michael Novogratz says that cryptocurrencies, such as bitcoin, have bounced back because institutional investors are buying. Responding to U.S. Senator Elizabeth Warren’s anti-crypto stance, he stated, "We need to do a much better job going to D.C." to educate lawmakers.
Novogratz Says Institutions Are BuyingGalaxy Digital CEO Mike Novogratz talked about the outlook for bitcoin in an interview with CNBC Wednesday.
Treasury Secretary Yellen Privately Lobbies Against Tax Amendment Crypto Industry Wants: Report
U.S. Treasury Secretary Janet Yellen has reportedly raised objections to lawmakers about the cryptocurrency tax amendment to the $1 trillion infrastructure bill that is supported by the crypto community. The White House subsequently announced its support for a competing amendment.
Yellen Exerting Influence on Lawmakers Regarding Crypto TaxationThe new crypto tax proposal in the $1 trillion infrastructure bill has become a topic of intense controversy over the past week.
Two amendments have been put forward so far: one sponsored by Senators Mark Warner, Rob Portman, and Kyrsten Sinema. The other, which has gained the support of the crypto community, is sponsored by Senators Ron Wyden, Cynthia Lummis, and Pat Toomey.
U.S. Treasury Secretary Janet Yellen has reportedly raised objections to lawmakers about the cryptocurrency tax amendment to the $1 trillion infrastructure bill that is supported by the crypto community. The White House subsequently announced its support for a competing amendment.
Yellen Exerting Influence on Lawmakers Regarding Crypto TaxationThe new crypto tax proposal in the $1 trillion infrastructure bill has become a topic of intense controversy over the past week.
Two amendments have been put forward so far: one sponsored by Senators Mark Warner, Rob Portman, and Kyrsten Sinema. The other, which has gained the support of the crypto community, is sponsored by Senators Ron Wyden, Cynthia Lummis, and Pat Toomey.
Some really interesting news about TrendGuru AI project has been popping up in many crypto related media in the last few days. It looks like Artificial Intelligence has started a revolution in the crypto market!
TrendGuru AI - a very old project in the field of market data analysis, announces revolutionary results and finally goes public. This is bound to be a game changer in the cryptocurrency markets. The best AI analytics is now available to everyone with @TrendGuruBot.
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Read more in TrendGuruAI channel and earn hundreds of percent even in a falling market! Definitely recommended!
TrendGuru AI - a very old project in the field of market data analysis, announces revolutionary results and finally goes public. This is bound to be a game changer in the cryptocurrency markets. The best AI analytics is now available to everyone with @TrendGuruBot.
«After 6 years of developing and testing our artificial intelligence on our deposits, we are ready to present you the latest and greatest version of our robot. It is an artificial intelligence bot that provides high-profit and low-risk signals for trading in cryptocurrency markets. The technology is based only on pure mathematics and the latest developments in the field of self-learning systems. Simply following the instructions of the system will allow you to consistently receive three-digit returns every year.»
Read more in TrendGuruAI channel and earn hundreds of percent even in a falling market! Definitely recommended!
Billionaire Mark Cuban Owns Only $494 Worth Of DOGE Despite Championing The Meme Currency
Once well-known in the crypto space as a staunch bitcoin critic, Dallas Mavericks owner, and Shark Tank billionaire investor Mark Cuban has lately emerged as one of the industry’s biggest evangelists. He sees huge potential in decentralized finance (DeFi), collectible non-fungible tokens (NFTs) and strongly believes in the value of meme coin Dogecoin.
The Mavericks have been accepting Dogecoin as payments for tickets and merchandise for a while now. Over the weekend, Cuban announced that the NBA team’s merchandise purchased using DOGE would enjoy a “special pricing”. Later on, he proclaimed that the cryptocurrency is the strongest when it comes to using it as a medium of exchange. Dogecoin’s biggest influencer Elon Musk agreed with these sentiments, tweeting: “I’ve been saying this for a while”.
Once well-known in the crypto space as a staunch bitcoin critic, Dallas Mavericks owner, and Shark Tank billionaire investor Mark Cuban has lately emerged as one of the industry’s biggest evangelists. He sees huge potential in decentralized finance (DeFi), collectible non-fungible tokens (NFTs) and strongly believes in the value of meme coin Dogecoin.
The Mavericks have been accepting Dogecoin as payments for tickets and merchandise for a while now. Over the weekend, Cuban announced that the NBA team’s merchandise purchased using DOGE would enjoy a “special pricing”. Later on, he proclaimed that the cryptocurrency is the strongest when it comes to using it as a medium of exchange. Dogecoin’s biggest influencer Elon Musk agreed with these sentiments, tweeting: “I’ve been saying this for a while”.
Not sure what to do with ERC-20 tokens of failed projects?
Project iQuantXchange (https://iquant.exchange) swap ERC-20 tokens of failed projects for IQX token. The startup has been around for over a year, and during that time it has established itself as a stable platform for swapping worthless tokens for the promising IQX token, which will become the utilitarian token of their new exchange service.
The iQuantXchange will distribute all proceeds from transaction fees to all IQX token holders and is potentially a very powerful investment tool. So powerful, in fact, that some users are buying tokens from failed projects to exchange them for IQX.
To participate in this swap you just need to go to their website https://iquant.exchange, go to Swap Rate Checker section and enter the token you want to get rid of. You will be shown the exchange rate. Then just register and make the exchange. Get answers to questions about this project you can here: https://iquantx.medium.com/learn-about-the-project-from-this-faq-948250871307 or in the project's Telegram group @iQuantX
Project iQuantXchange (https://iquant.exchange) swap ERC-20 tokens of failed projects for IQX token. The startup has been around for over a year, and during that time it has established itself as a stable platform for swapping worthless tokens for the promising IQX token, which will become the utilitarian token of their new exchange service.
The iQuantXchange will distribute all proceeds from transaction fees to all IQX token holders and is potentially a very powerful investment tool. So powerful, in fact, that some users are buying tokens from failed projects to exchange them for IQX.
To participate in this swap you just need to go to their website https://iquant.exchange, go to Swap Rate Checker section and enter the token you want to get rid of. You will be shown the exchange rate. Then just register and make the exchange. Get answers to questions about this project you can here: https://iquantx.medium.com/learn-about-the-project-from-this-faq-948250871307 or in the project's Telegram group @iQuantX
Forwarded from TrendGuru AI
Great deal from the first half of August. Very fast, very profitable.
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Closed deal DENT/USDT
Open: $0.00231274, 04.08.2021
Close: $0.00462374, 13.08.2021
Profit: +99.92%
Duration: 9 days
Briefly about the instrument:
Dent is a revolutionary player in the market of mobile communications and data services. Today, around half of the world’s population has restricted access to mobile services because of the high prices traditional mobile carriers offer. Dent brings in the power of blockchain technology to revolutionize this and provide global access to mobile airtime and data.
Dent eliminates the understanding that your mobile data is tied to your location by becoming a global digital mobile operator. Dent offers plans that suit today’s global citizens’ needs by removing roaming fees and introducing international mobile plans. Everything on the Dent platform is purchased through DENT tokens, meaning that all transactions are recorded on the blockchain, and there is no chance for a customer to pay for something and not receive it. Unlike traditional mobile operators, Dent aims to make mobile airtime and data available globally to anyone interested, regardless of their location.
Subscribe to @TrendGuruBot and earn hundreds of percent in any market conditions.
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Closed deal DENT/USDT
Open: $0.00231274, 04.08.2021
Close: $0.00462374, 13.08.2021
Profit: +99.92%
Duration: 9 days
Briefly about the instrument:
Dent is a revolutionary player in the market of mobile communications and data services. Today, around half of the world’s population has restricted access to mobile services because of the high prices traditional mobile carriers offer. Dent brings in the power of blockchain technology to revolutionize this and provide global access to mobile airtime and data.
Dent eliminates the understanding that your mobile data is tied to your location by becoming a global digital mobile operator. Dent offers plans that suit today’s global citizens’ needs by removing roaming fees and introducing international mobile plans. Everything on the Dent platform is purchased through DENT tokens, meaning that all transactions are recorded on the blockchain, and there is no chance for a customer to pay for something and not receive it. Unlike traditional mobile operators, Dent aims to make mobile airtime and data available globally to anyone interested, regardless of their location.
Subscribe to @TrendGuruBot and earn hundreds of percent in any market conditions.
Forwarded from TrendGuru AI
One more great deal in August. Low risk. Huge profit. Everything as we love.
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Closed deal IOTX/USDT
Open: $0.021736, 04.08.2021
Close: $0.070366, 24.08.2021
Profit: +223.73%
Duration: 21 days
Briefly about the instrument:
IoTeX is the decentralized backbone for machine economics which serves machines ranging from smart home devices to autonomous vehicles. To this end, IoTeX has built and launched a fast, high-performance, and EVM-compatible blockchain that provides flexibility and scalability for various applications. Also, middlewares and Dapps are built on top of the blockchain to bring self-sovereign devices and real-world oracles into reality.
IoTeX has several mechanisms that ensure the privacy of users and transactions. Some of these are ring signatures and the reliable payment code that hides the transaction receiver’s address. Delegated proof-of-stake works by having stakeholders vote for the block producers on the network. The number of block producers is set and once they are elected, they are responsible for adding new blocks to the blockchain. For doing it, they receive rewards that they can distribute to the stakeholders who voted for them, incentivizing block producers to continue working and stakeholders to continue voting for block producers.
This is a very promising project with a strong and experienced development team. Subscribe to @TrendGuruBot and earn hundreds of percent on such projects with our AI.
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Closed deal IOTX/USDT
Open: $0.021736, 04.08.2021
Close: $0.070366, 24.08.2021
Profit: +223.73%
Duration: 21 days
Briefly about the instrument:
IoTeX is the decentralized backbone for machine economics which serves machines ranging from smart home devices to autonomous vehicles. To this end, IoTeX has built and launched a fast, high-performance, and EVM-compatible blockchain that provides flexibility and scalability for various applications. Also, middlewares and Dapps are built on top of the blockchain to bring self-sovereign devices and real-world oracles into reality.
IoTeX has several mechanisms that ensure the privacy of users and transactions. Some of these are ring signatures and the reliable payment code that hides the transaction receiver’s address. Delegated proof-of-stake works by having stakeholders vote for the block producers on the network. The number of block producers is set and once they are elected, they are responsible for adding new blocks to the blockchain. For doing it, they receive rewards that they can distribute to the stakeholders who voted for them, incentivizing block producers to continue working and stakeholders to continue voting for block producers.
This is a very promising project with a strong and experienced development team. Subscribe to @TrendGuruBot and earn hundreds of percent on such projects with our AI.
Cardano Enters ‘Final, Critical Stage’ Prior to Alonzo Upgrade Next Month: IOHK
Cardano has entered the “final, critical stage” prior to the platform’s much-publicized Alonzo upgrade, according to blockchain research and engineering company Input Output Hong Kong (IOHK).
IOHK has submitted an upgrade proposal to the Cardano testnet to “hardfork the chain into the Alonzo era,” according to a Twitter post from the company.
Cardano has entered the “final, critical stage” prior to the platform’s much-publicized Alonzo upgrade, according to blockchain research and engineering company Input Output Hong Kong (IOHK).
IOHK has submitted an upgrade proposal to the Cardano testnet to “hardfork the chain into the Alonzo era,” according to a Twitter post from the company.
Avanti Bank CEO Caitlin Long Bites Back Against The New York Times’ Crypto “Alarm” Article
Caitlin Long, founder and CEO of Avanti Bank, has responded to a recent article by the New York Times that portraits crypto as the new “shadow bank.”
The article, titled “Crypto’s Rapid Move Into Banking Elicits Alarm in Washington,” claims that digital assets and decentralized finance (DeFi) are “disrupting the banking industry” and are progressing so swiftly that regulators struggle to catch up. The article consistently attacks the crypto industry, highlighting risks included in the space in the form of price volatility and scams.
Caitlin Long, founder and CEO of Avanti Bank, has responded to a recent article by the New York Times that portraits crypto as the new “shadow bank.”
The article, titled “Crypto’s Rapid Move Into Banking Elicits Alarm in Washington,” claims that digital assets and decentralized finance (DeFi) are “disrupting the banking industry” and are progressing so swiftly that regulators struggle to catch up. The article consistently attacks the crypto industry, highlighting risks included in the space in the form of price volatility and scams.
Northern Data AG Acquires Bitcoin Miner Bitfield — 33,000 Miners Gained in Stock-for-Stock Deal
On Monday, the high-performance computing (HPC) infrastructure provider and bitcoin mining firm Northern Data AG announced the acquisition of the bitcoin mining operation Bitfield N.V. in a stock-for-stock deal. Northern Data says the company will obtain 33,000 of the latest generation ASIC bitcoin miners from the arrangement.
Northern Data AG Acquires Bitfield N.V. — Firm gains Immediate Access to Deployable ASIC Mining RigsThe Bitcoin network hashrate is hovering just above the 140 exahash per second (EH/s) handle at the time of writing. Bitcoin mining has become incredibly competitive and operations are attempting to be more energy efficient. In 2021, there’s been a number of orders and acquisitions of thousands of ASIC bitcoin miners. On September 27, the HPC infrastructure provider and bitcoin mining company Northern Data AG announced the acquisition of the operation Bitfield.
The acquisition will allow Northern Data to obtain 33,000 ASIC bitcoin miners via the deal. “Northern Data will acquire an equity interest of up to 100% (but not less than 86%) in Bitfield N.V. for a total enterprise value of up to approximately EUR 400 million and has signed binding purchase agreements with the major shareholders today,” the company announced.
On Monday, the high-performance computing (HPC) infrastructure provider and bitcoin mining firm Northern Data AG announced the acquisition of the bitcoin mining operation Bitfield N.V. in a stock-for-stock deal. Northern Data says the company will obtain 33,000 of the latest generation ASIC bitcoin miners from the arrangement.
Northern Data AG Acquires Bitfield N.V. — Firm gains Immediate Access to Deployable ASIC Mining RigsThe Bitcoin network hashrate is hovering just above the 140 exahash per second (EH/s) handle at the time of writing. Bitcoin mining has become incredibly competitive and operations are attempting to be more energy efficient. In 2021, there’s been a number of orders and acquisitions of thousands of ASIC bitcoin miners. On September 27, the HPC infrastructure provider and bitcoin mining company Northern Data AG announced the acquisition of the operation Bitfield.
The acquisition will allow Northern Data to obtain 33,000 ASIC bitcoin miners via the deal. “Northern Data will acquire an equity interest of up to 100% (but not less than 86%) in Bitfield N.V. for a total enterprise value of up to approximately EUR 400 million and has signed binding purchase agreements with the major shareholders today,” the company announced.
Mavericks Owner Mark Cuban Expects Weekly Tickets And Merchandise Sales In Dogecoin To Skyrocket
Mark Cuban is confident that his basketball club, Dallas Mavericks will make a killing off ticket and merchandise sales through Dogecoin this season.
Speaking to Fox Business, the billionaire noted that although the club had already been making massive sales mostly in Dogecoin in the past off-seasons, he expected payments in Dogecoin to surge this time as more people had gotten informed.
“A lot of people pay in Dogecoin. We sell thousands and thousands of dollars per month during the offseason and once it starts, I expect that to happen per week in Dogecoin”.
Mark Cuban is confident that his basketball club, Dallas Mavericks will make a killing off ticket and merchandise sales through Dogecoin this season.
Speaking to Fox Business, the billionaire noted that although the club had already been making massive sales mostly in Dogecoin in the past off-seasons, he expected payments in Dogecoin to surge this time as more people had gotten informed.
“A lot of people pay in Dogecoin. We sell thousands and thousands of dollars per month during the offseason and once it starts, I expect that to happen per week in Dogecoin”.
Forwarded from TrendGuru AI
A lot of good deals in September. Look at one more of them. As always, excellent performance from our TrendGuru AI.
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Closed deal FTM/USDT
Open: $0.26867, 06.08.2021
Close: $1.3955, 08.09.2021
Profit: +419.41%
Duration: 33 days
💵💵💵
What Is FTM?
Fantom is a directed acyclic graph (DAG) smart contract platform providing decentralized finance (DeFi) services to developers using its own bespoke consensus algorithm.Together with its in-house token FTM, Fantom aims to solve problems associated with smart-contract platforms, specifically transaction speed, which developers say they have reduced to under two seconds.The Fantom Foundation, which oversees the Fantom product offering, was originally created in 2018, with the launch of OPERA, Fantom’s mainnet, coming in December 2019.
The platform’s compatibility with Ethereum means that users can purchase an ERC-20 standard FTM, which is automatically converted to native FTM once received to their wallet. Another version of FTM is available on Binance Chain using its BEP2 standard. Only the native FTM can be used on the Fantom OPERA mainnet itself.
Fantom attempts to use a new scratch-built consensus mechanism to facilitate DeFi and related services on the basis of smart contracts.
The mechanism, Lachesis, promises much higher capacity and two-second transaction finalization, along with improvements to security over traditional PoS algorithm-based platforms.
Matching Ethereum, the project appeals to developers looking to deploy decentralized solutions. According to its official literature, its mission is to “grant compatibility between all transaction bodies around the world.”
Its in-house PoS token, FTM, forms the backbone of transactions, and allows fee collection and staking activities, along with the user rewards the latter represents.
Subscribe to @TrendGuruBot and earn hundreds of percent on such projects with our AI.
💵💵💵
Closed deal FTM/USDT
Open: $0.26867, 06.08.2021
Close: $1.3955, 08.09.2021
Profit: +419.41%
Duration: 33 days
💵💵💵
What Is FTM?
Fantom is a directed acyclic graph (DAG) smart contract platform providing decentralized finance (DeFi) services to developers using its own bespoke consensus algorithm.Together with its in-house token FTM, Fantom aims to solve problems associated with smart-contract platforms, specifically transaction speed, which developers say they have reduced to under two seconds.The Fantom Foundation, which oversees the Fantom product offering, was originally created in 2018, with the launch of OPERA, Fantom’s mainnet, coming in December 2019.
The platform’s compatibility with Ethereum means that users can purchase an ERC-20 standard FTM, which is automatically converted to native FTM once received to their wallet. Another version of FTM is available on Binance Chain using its BEP2 standard. Only the native FTM can be used on the Fantom OPERA mainnet itself.
Fantom attempts to use a new scratch-built consensus mechanism to facilitate DeFi and related services on the basis of smart contracts.
The mechanism, Lachesis, promises much higher capacity and two-second transaction finalization, along with improvements to security over traditional PoS algorithm-based platforms.
Matching Ethereum, the project appeals to developers looking to deploy decentralized solutions. According to its official literature, its mission is to “grant compatibility between all transaction bodies around the world.”
Its in-house PoS token, FTM, forms the backbone of transactions, and allows fee collection and staking activities, along with the user rewards the latter represents.
Subscribe to @TrendGuruBot and earn hundreds of percent on such projects with our AI.
As Bitcoin’s Price Spikes Pods of BTC Whales Begin to Shrink in Size
Recent metrics from a variety of analytical web portals show that the quantity of bitcoin whales has been shrinking in recent times. The data indicates that the leading crypto asset has been distributed quite a bit since the price run-up started.
Pods of Bitcoin Whales Shrink — Addresses With Small Quantities of Bitcoin Catch the Downward Distribution CycleToday, data shows that bitcoin whales are shrinking and metrics from bitinfocharts.com’s top 100 richest bitcoin addresses list compared to a whale count article Bitcoin.com News published on May 14, show things have changed. Statistics from Glassnode show that whale-sized addresses with 1,000 BTC+ have dipped to the smallest amount in eight years and ten months ago.In addition to those two sites that offer onchain whale analytics, whalemap.io also implies a decline in whales (balance ≥ 1k) and a downward distribution cycle. Also, the top 100 richest bitcoin addresses from bitinfocharts.com indicate that on May 13, 2021, there were three whales with 100,000 to 1 million BTC.There are still just three today, and that number hasn’t changed in quite some time. In terms of addresses holding 10,000 to 100,000 bitcoin, that has reduced since May 13, from 85 to 77 addresses. As far as holders with 1,000 to 10,000 bitcoin, there were approximately 2,078 addresses five months ago and today the count is 2,069.
Trickle-Down Distribution — Bitcoin Whales Offloaded Coins During the 2012 Bull RunAdditionally, addresses with 100 to 1,000 BTC were around 13,989 five months ago and today are 13,987. The bottom threshold of addresses holding 10 to 100 BTC or less has increased a great deal during the last five months.In recent weeks, all the BTC addresses with less than 1,000 held have swelled. 51.24% of addresses recorded own between 0 to 0.001 BTC, which is 19,716,447 bitcoin addresses. Addresses that hold 0.1 to 1 BTC today equal around 2,437,951 bitcoin addresses and there are 665,893 holders with at least 1 to 10 BTC.
February – May $BTC whales (>1k BTC) were gradually selling to retail investors (>.1 BTC). This is why the distribution phase displayed on the HT chart. They kept the price stable via manipulation until they were finished selling – then collapse. The whales won, again. #Bitcoin pic.twitter.com/ia8C8ze99h
Recent metrics from a variety of analytical web portals show that the quantity of bitcoin whales has been shrinking in recent times. The data indicates that the leading crypto asset has been distributed quite a bit since the price run-up started.
Pods of Bitcoin Whales Shrink — Addresses With Small Quantities of Bitcoin Catch the Downward Distribution CycleToday, data shows that bitcoin whales are shrinking and metrics from bitinfocharts.com’s top 100 richest bitcoin addresses list compared to a whale count article Bitcoin.com News published on May 14, show things have changed. Statistics from Glassnode show that whale-sized addresses with 1,000 BTC+ have dipped to the smallest amount in eight years and ten months ago.In addition to those two sites that offer onchain whale analytics, whalemap.io also implies a decline in whales (balance ≥ 1k) and a downward distribution cycle. Also, the top 100 richest bitcoin addresses from bitinfocharts.com indicate that on May 13, 2021, there were three whales with 100,000 to 1 million BTC.There are still just three today, and that number hasn’t changed in quite some time. In terms of addresses holding 10,000 to 100,000 bitcoin, that has reduced since May 13, from 85 to 77 addresses. As far as holders with 1,000 to 10,000 bitcoin, there were approximately 2,078 addresses five months ago and today the count is 2,069.
Trickle-Down Distribution — Bitcoin Whales Offloaded Coins During the 2012 Bull RunAdditionally, addresses with 100 to 1,000 BTC were around 13,989 five months ago and today are 13,987. The bottom threshold of addresses holding 10 to 100 BTC or less has increased a great deal during the last five months.In recent weeks, all the BTC addresses with less than 1,000 held have swelled. 51.24% of addresses recorded own between 0 to 0.001 BTC, which is 19,716,447 bitcoin addresses. Addresses that hold 0.1 to 1 BTC today equal around 2,437,951 bitcoin addresses and there are 665,893 holders with at least 1 to 10 BTC.
February – May $BTC whales (>1k BTC) were gradually selling to retail investors (>.1 BTC). This is why the distribution phase displayed on the HT chart. They kept the price stable via manipulation until they were finished selling – then collapse. The whales won, again. #Bitcoin pic.twitter.com/ia8C8ze99h
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Adobe Jumps Into Non-Fungible Token Ecosystem With ‘Prepare as NFT’ Photoshop Tool
Adobe Inc., the American multinational computer software company that’s well known for its platforms like Photoshop and Illustrator, has jumped into the non-fungible token (NFT) universe. According to Adobe chief product officer Scott Belsky in a recent interview with The Verge, “NFTs will change creativity.”
New Adobe Photoshop Tool Will Assist NFT Creators in ‘Packaging and Preparing, Along With the Attribution Capabilities’The software company Adobe has launched a Photoshop tool that allows creators to pre-construct the images for non-fungible token (NFT) applications. On October 26, Scott Belsky, Adobe’s chief product officer, spoke in an interview with The Verge’s Nilay Patel about the firm’s deep dive into the world of NFTs.
The new Adobe Photoshop tool will allow users to add specific credentials so popular markets such as Opensea can read the metadata. During the interview with Patel, Belsky said he was bullish about the NFT industry.
Adobe Inc., the American multinational computer software company that’s well known for its platforms like Photoshop and Illustrator, has jumped into the non-fungible token (NFT) universe. According to Adobe chief product officer Scott Belsky in a recent interview with The Verge, “NFTs will change creativity.”
New Adobe Photoshop Tool Will Assist NFT Creators in ‘Packaging and Preparing, Along With the Attribution Capabilities’The software company Adobe has launched a Photoshop tool that allows creators to pre-construct the images for non-fungible token (NFT) applications. On October 26, Scott Belsky, Adobe’s chief product officer, spoke in an interview with The Verge’s Nilay Patel about the firm’s deep dive into the world of NFTs.
The new Adobe Photoshop tool will allow users to add specific credentials so popular markets such as Opensea can read the metadata. During the interview with Patel, Belsky said he was bullish about the NFT industry.
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