• Symbol blockchain launches
    Uncategorized

    Symbol blockchain launches, with bourbon-backed security token

    Developer New Economy Movement says the public blockchain will run in parallel with its NIS1 blockchain, adding DeFi and security token capabilities

    NEM’s Symbol is intended to run in parallel with its NIS1 protocol, expanding its capabilities to include decentralized finance (DeFi), security token offering (STO) and regulated assets applications. Among the first tokens to launch on Symbol: The Kentucky Whiskey Digital Fund security token, backed by an inventory of roughly four million bottles of bourbon.

  • Bitcoin

    Oakland A’s selling discount luxury suites for Bitcoin

    The price is set at one Bitcoin for a season six-person suite which costs $64,800—currently almost a $9,000 discount

    The team is pitching the offer as a gamble, with Kaval noting that suites’ prices will fluctuate with the price of bitcoin, which he said, “adds to the excitement.” Of course, that means if bitcoin rises past $64,800 by the season’s close on Oct. 8, purchasers will have overpaid—assuming they aren’t selling BTC to pay for the suite in the first place.

  • Bitcoin liquidates $500M longs hour
    Bitcoin

    Bitcoin’s hiccup liquidates $500M of longs in one hour

    Bitcoin 12% price plunge caused futures traders to lose nearly $500 million within an hour—and more than $2.8 billion over two days

    One explanation is that many new and inexperienced traders have joined the market. On-chain analytics firm Glassnode’s founders Jan Happel and Jann Allemann had another: “There is excess greed in the system, with 60% of contracts levered 20x or more."

  • Snowden Dorsey Signal crypto donations
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    Snowden, Dorsey-endorsed encrypted messenger Signal adds crypto donations

    NSA whistleblower and Bitcoin fan Edward Snowden’s favorite service Signal now accepts donations in a dozen cryptocurrencies

    “As a nonprofit organization, we depend on your support. If you've been patiently waiting for Signal to accept cryptocurrency donations, you no longer need to hodl back your generosity," Signal said.