Exodus of key staff from Aragon amid philosophical differences

The decentralized governance protocol has seen 13 resignations among related staff over the course of the last week. It’s been a rough week for the Aragon governance platform where philosophical differences have brought about a long list of resignations. Aragon co-founder Jorge Izquierdo announced on Jan. 11 he would no longer be working as CEO of the for-profit Aragon One, a company dedicated to building tools and services related to Aragon. Aragon is an Ethereum-based platform involved with decentralized governance. The announcement took place just hours after news broke that…

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5 stories that suggest crypto is moving into ludicrous territory

Dogecoin, Lindsay Lohan, Ivan On Tech and the New Zealand government, What do they all have in common? The Bitcoin bull run may have slowed since the price retreated from $42,000 last week, but the pace of absurd crypto stories appears to have sped up. Just like we saw in 2017, when a bull run gets going, life in the crypto gets increasingly weird. Maybe that’s because retail is finally here, with social media interest in Bitcoin hitting an all-time high last week. The result is a hilarious combination of…

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Proof-of-Work and Yield Farming: Binance and Poolin Launch Tokens Backed by Bitcoin Hashrate

There’s a new type of token gaining popularity in the crypto space with the launch of coins that are backed by a specific amount of proof-of-work (PoW) hashrate. On January 6, 2021, Binance launched a new project called the bitcoin standard hashrate token (BTCST), a coin that represents 0.1 terahash (TH/s). Furthermore, the mining operation Poolin has also revealed a hashrate token called pBTC35A and each token represents 1 TH/s hashrate with pre-determined SHA256 processing power. Tokens Backed by Proof-of-Work The Bitcoin (BTC) network has seen the protocol’s hashrate increase…

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Jack Dorsey cites Bitcoin as a better model for the internet in Trump ban explanation

Days after Donald Trump’s account was banned, Twitter CEO Jack Dorsey explained that it was the right decision, but still sets a dangerous precedent. Twitter CEO Jack Dorsey cited his passion for Bitcoin and decentralization in a 13-Tweet thread today explaining why the company banned U.S. President Donald Trump from the platform last week. Although claiming this was the “right decision for Twitter,” Dorsey admits it sets a dangerous precedent. Having to take these actions fragment the public conversation. They divide us. They limit the potential for clarification, redemption, and…

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Rick and Morty creator auctioning NFT artwork collection

The platform stated it would offer “several original artworks” from Justin Roiland as part of his NFT collection. The Winklevoss-owned Nifty Gateway has announced the auction of a crypto art collection from the voice actor and co-creator behind Adult Swim’s cult animation series Rick and Morty. According to a tweet from Nifty Gateway today, the non-fungible token, or NFT, marketplace will be auctioning artwork from Rick and Morty co-creator Justin Roiland on Jan. 19. The platform stated “several original artworks” from Roiland would be offered as part of the collection.…

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New Comptroller of the Currency announced: Will he be as good for crypto?

Acting Comptroller of the Currency Brian P. Brooks is officially stepping down after eight months at the OCC. The head of the U.S. Office of the Comptroller of the Currency (OCC) Brian P. Brooks has officially announced that he is stepping down on January 14, 2021. In a statement dated January 13, the organization said that Chief Operating Officer Blake Paulson will become Acting Comptroller of the Currency, replacing Brooks who has served for eight months. Brian P. Brooks to Step Down, Blake Paulson to Become Acting Comptroller of the…

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EToro warns users it’s running out of crypto to trade due to ‘unprecedented demand’

Exchange platform eToro is struggling amid surging demand for crypto, sending an email to all users warning of possible trading limitations this weekend. Israel-based exchange platform eToro is struggling to keep up with the demand from crypto traders according to an email sent to users earlier today. “The unprecedented demand for crypto, coupled with limited liquidity, presents challenges to our ability to support BUY orders over the weekend.” As a result, the platform is warning of “possible limitations to crypto BUY orders” and that “spreads on crypto assets may also…

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Rapid Profits: Bitcoin Hashrate Accelerates While Mining Difficulty Touches All-Time High

The Bitcoin network’s hashrate has been operating at very high processing speeds during the last few weeks, as the overall hashrate touched a whopping 171.2 exahash per second (EH/s) on Monday. Moreover, the network’s mining difficulty has also touched an all-time high (ATH) at 20.61 trillion, the highest difficulty the network has ever experienced in the last 12 years. One aspect of the Bitcoin (BTC) network that people look at to measure the protocol’s overall health and growth is the hashrate. At the time of publication, the BTC hashrate is…

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Financial advisers are betting on Bitcoin as a hedge

A new Bitwise survey highlights a more favorable attitude toward Bitcoin and cryptocurrencies. Cryptocurrencies like Bitcoin (BTC) are increasingly being used by financial advisers as a hedge against inflation, underscoring the dramatic shift in institutional sentiment toward digital assets.  The “Bitwise/ETF Trends 2021 Benchmark Survey” reveals that 9.4% of financial advisers were allocating to cryptocurrencies in 2020 — an increase of 49% from the previous year. Of the advisers not currently allocating to crypto, 17% said they will either “definitely” or “probably” gain exposure in 2021. Advisers are buying crypto for…

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Grayscale Investments liquidates all of its XRP… while it still can

Grayscale is dissolving its XRP Trust and will distribute cash to investors after liquidating all XRP held by the trust. Institutional crypto-fund manager Grayscale Investments has begun the dissolution of its XRP Trust in response to the Security and Exchange Commission’s December 2020 lawsuit alleging the XRP token is a security under U.S. law. According to an announcement published Wednesday, Grayscale decided to dissolve the trust in response to the spate of XRP delistings from major crypto-asset exchanges after the SEC’s complaint was filed. Grayscale concluded: “It is likely to…

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