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Jose Oramas



Articles by Jose Oramas

Elon Musk: Tesla Will Resume Allowing Bitcoin Transactions With One Condition

10 days ago

After Tesla stopped accepting Bitcoin as a payment method for its electric cars back in May, Elon Musk has stated that his company would resume receiving Bitcoin transactions, with one condition dependent on the energy consumption.
Exactly one month following Tesla’s announcement of halting bitcoin payments, Elon Musk has said on Sunday that the electric vehicle manufacturer will resume allowing BTC transactions. However, there’s one condition: at least 50% of the energy used for bitcoin mining must be from clean energy sources. 

“When there’s confirmation of reasonable (~50%) clean energy usage by miners with the positive future trend, Tesla will resume allowing Bitcoin transactions,” he tweeted.

The tweet was in reply to Magda Wierzycka, one of the richest women in

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Bitcoin Listed as El Salvador’s Currency on Wikipedia

14 days ago

Wikipedia has listed Bitcoin (BTC) as one of El Salvador’s official currencies —shortly after, the country turned BTC into an official legal tender approved by a supermajority in the Salvadoran Congress.

Wikipedia now lists #Bitcoin as El Salvador’s currency. pic.twitter.com/JfbdoeBumB
— Documenting Bitcoin 📄 (@DocumentingBTC) June 9, 2021

El Salvador became the first country to accept Bitcoin as a legal tender. It will take 90 days for the law to be enacted, which will allow merchants and the general population to prepare. 
Besides, the country will grant citizenship to anyone that invests Bitcoin into the nation’s economy.
The recent adoption by less-developed countries has given a lot of discussion to the crypto community. Many at first thought that first-world

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I Should Have Bought a Lot More Bitcoin: Hedge Fund Billionaire Marc Lasry

15 days ago

American billionaire hedge fund manager Marc Lasry said he should have bought “a lot more” Bitcoin (BTC) a few years ago.
During a CNBC’s Squawk Box interview, Lasry commented on BTC’s performance and 2020’s bull run. He regrets not buying more as the price surge happened a lot quicker than he thought —mainly due to institutional investors embracing cryptocurrencies and widespread adoption by governments and other corporations.
“I think the probability, as more and more people start using Bitcoin, is that it’s going to keep going up. It’s happened a lot quicker than I thought it would. I should have bought a lot more. That was my mistake.”
Lasry Still Bullish on Bitcoin
Lasry, co-founder and CEO of Avenue Capital Group, has been a relatively bullish crypto investor and

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Google Removes Its 2018 Ban on Cryptocurrency Wallets and Exchange Ads

21 days ago

Google has lifted its ban on cryptocurrency exchanges and digital wallets, prohibiting them from using Google’s advertisement service, a policy that lasted almost three years.
According to the document, Google will update its Financial products and services policy in August to further clarify cryptocurrency exchanges about all the requirements needed to allow advertisement through the platform.
Some of the requirements include being registered with the FinCEN (Financial Crimes Enforcement Network), besides complying with all relevant legal requirements and Google Ads policies.
Only cryptocurrency exchanges in the United States are allowed to promote their businesses through Google. However, some restrictions remain for crypto companies launching ICOs (Initial Coin

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Over 5 Million ETH Locked Up in the Ethereum 2.0 Deposit Contract

21 days ago

According to recent data, the amount of ETH locked in the ETH 2.0 deposit contract has reached over five million, marking a major event for the Etherum community.
Data from Dune Analytics shows 5,223,042 ETH —$14 billion at press time— has been sent to the ETH 2.0 contract. The lock-up amount is nearly 1,000% of the original 524,000 ETH threshold, which was the minimum needed to move forward with the staking process.
There are currently 27,132 “unique depositors,” and 152,000 validators processing blocks on ETH 2.0, having a 99% success rate for blocks and 1% missed blocks per day. Those staking can receive rewards of up to 23% but can only withdraw once phase 1.5 of ETH 2.0 goes live. However, annual yields remain unknown, and current stakers are not earning any interests

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Bitcoin Mining Soars in Argentina Amid Cheap, Subsidized Energy

23 days ago

BTC miners in Argentina are thriving by taking advantage of cheap, subsidized energy.
Countries with low utility rates have been great spots for crypto miners, and the resurgence of capital controls is boosting profits for miners in Argentina. The news was first reported by Bloomberg, later republished in the Buenos Aires Times.
Miners Taking Advantage of Cheap Electricity 
Experts like Nicolás Bourbon, a crypto-miner in Argentina, have said this is an opportunity to take advantage of the new policies implemented by the local government.
“Even after Bitcoin’s price correction, the cost of electricity for anyone mining from their house is still a fraction of the total revenue generated. Miners know the subsidies are ridiculous. They simply take advantage of it.” —Said

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Bitcoin Challenges $40K Again Following Biden’s $6 Trillion Spending Budget Reveal

28 days ago

The Biden administration plans to submit a $6 trillion spending budget proposal later this week. Right after the news broke out, bitcoin’s price increased to above $40k but failed to sustain it as of writing these lines. 
According to a report from The New York Times, this budget is part of Biden’s two-part federal agenda and will be spent in the 2022 fiscal year. The total spending could rise to US$ 8,2 trillion.
Bitcoin broke $40,000 shortly after the announcement but has since retraced a bit to the levels it currently trades at. 
BTC/USD. Source: TradingViewAnalysts of the crypto community quickly jumped after the announcement, arguing that Bitcoin could store value against a steeping debt curve.
This is one of those scenarios where fiat currency will be printed again,

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Apple is Headhunting a Business Development Manager With Experience in Cryptocurrencies

28 days ago

In a recent job post, the company is now looking for a Business Development Manager for “Alternative Payments” —with experience in several fields, including cryptocurrencies.
The key qualifications require at least five years of experience working in alternative payment providers, such as digital wallets and crypto-assets. Candidates will be responsible for the end-to-end business development and launching of new programs related to FinTech products. 
Apple Seeking Fintech Experts
The job post was published this Wednesday by the WPC (Apple Wallets, Payments, and Commerce) team, which is looking for professionals for emerging and alternative payment solutions.
The publication has caught the crypto community’s attention, which is now eager to know how this will turn out for

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CNBC Includes Ripple In Its 50 Disruptor Companies List

29 days ago

Ripple has been included in CNBC’s Disruptor 50 as the #38 of most successful private companies this year —primarily due to its innovative approach towards borderless payment technology and becoming one of the largest crypto companies in the world.
This year’s CNBC’s Disruptor 50 is the ninth annual list of private companies thriving amidst the pandemic and making innovative approaches in their business models and the fields they’re in. Some of the listed companies include unicorns (privately held companies) that have surpassed the 1 billion dollar valuation mark, in which Ripple sits at $10 billion.
Making Waves In Crypto Regulation
Ripple is number 38 on the list, cataloged as “making waves in crypto regulation.” The crypto company has been expanding even during its

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Vitalik Buterin Responds to Elon Musk on Why His Intention to Scale Crypto 10x Is Flawed

May 24, 2021

Ethereum (ETH) Co-founder Vitalik Buterin had some words for Elon Musk after posting on Twitter that Dogecoin could increase its block size by 900%.
Vitalik had several counterarguments for Musk’s claims in a paper published on his personal blog. He emphasised that scalability and higher throughput can be achieved by simply increasing the network’s parameters. However, this could compromise the system to extreme centralisation and completely flip a blockchain’s original concept.
Scaling Doge 10x Is “Fundamentally Flawed”
Vitalik said there are two possible ways to try to scale a blockchain: technical improvements and increasing parameters.
Increasing parameters is “fundamentally flawed,” according to Buterin, as computers running blockchain nodes “cannot spend 100% of CPU

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Illinois to Create Legislation that Would Favour Bitcoin Through Issuing a Digital Asset Charter

May 23, 2021

Illinois will soon become the 3rd state in the U.S. to pass legislation that would favor Bitcoin with a new digital asset charter, which will be granted to a special purpose trust company instead of a traditional bank.
Announced by crypto-advocate and Wall Street Veteran Caitlin Long, Illinois will be the third state, followed by Nebraska and Wyoming, to embrace cryptocurrencies as part of their plans to explore emerging financial technologies.

ILLINOIS abt to be 3rd US state, after #Wyoming & #Nebraska, to create a new #digitalasset charter (IL’s is a special-purpose trust co, not a bank. Unclear if it’ll be authorized to accept US$ deposits–that’ll come out in rules later). Final vote Monday🤞https://t.co/P4mC2x2ZmD
— Caitlin Long 🔑 (@CaitlinLong_) May 21, 2021

Illinois

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11 Years Since The First Bitcoin Purchase: 2 Pizzas Now Worth $365 Million

May 22, 2021

Today is the international Bitcoin Pizza Day! This is a day that many in the crypto community celebrate the 11th anniversary of the first Bitcoin commercial transaction for two pizzas, which cost 10,000 BTC.
On May 22, 2010, Laszlo Hanyecz traded 10,000 BTC for two Papa John’s pizzas in Florida. Years later, they would become the world’s most expensive pizza slices with a price of $365,000,000.00 at press time.
Interestingly enough, they were worth over $600 million when Bitcoin surpassed the $60k barrier on April 11. 
Celebrating Bitcoin Pizza Day
Papa John’s will commemorate the famous transaction by offering 10,000 slices of pizza to the first 50 customers at any of its franchises in Jacksonville. Customers will have a chance to win a large BTC-inspired pizza.
Papa

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Top Bitcoin Mining Pools Are Signaling for Taproot Activation

May 17, 2021

9 out of 10 of all Bitcoin (BTC) mining pools have been signaling for taproot activation, an upgrade that could highly improve network scalability and privacy. However, its activation seems unlikely during the Difficulty Epoch for Bitcoin.
The latest mining pool to signal Taproot activation is BTC. Top, which did so on block height 683,945. Other top mining pools like F2pool and Antpool have previously shown support for the soft fork upgrade, which would give more flexibility to Bitcoin’s smart contract.

🚨 NEW POOL 🚨
Taproot signal by https://t.co/fnM6S6ouD8 in block 683945
— Taproot Signal (@taproot_signal) May 17, 2021

A 90% Consensus For the Upgrade
95% of mining pools were briefly signaling Taproot activation, with the percentage now standing around at 70%. However,

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North Dakota City to Accept Cryptocurrencies for Utility Bill Payments

May 16, 2021

Williston, a city in North Dakota, plans to accept cryptocurrencies for utility bills online payments, becoming the first in the state to adopt crypto assets.
According to City Finance Director Hercules Cummings, the city has partnered with BitPay, one of the largest bitcoin payment service providers in the U.S. Payments will be converted from crypto to fiat in real-time.
Paying Bills with Crypto
The city council would first monitor how citizens respond to crypto payments. Utility bill payments are the only bills available to be paid with crypto.
However, if volume and interest are significant, the city will expand the options by allowing landfills, permits, and licenses to be paid with crypto. 
Individuals willing to do so only have to visit the official website of the

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US State of Louisiana Releases Bill Commending Bitcoin and Satoshi Nakamoto

April 25, 2021

The Louisiana House of Representatives has passed a resolution this week commending Bitcoin for becoming “the first decentralized trillion-dollar asset,” encouraging the state and the local government to consider crypto assets and blockchain technology.
The House Resolution No. 33, signed by representative Mark Wright, praises BTC’s success through the years and its pseudonymous creator, Satoshi Nakamoto, for his “contribution to economic security.”
“BE IT FURTHER RESOLVED that the House of Representatives of the Legislature of Louisiana does hereby commend Bitcoin for its success in becoming the first decentralized trillion dollar asset and encourage the state and local governments to consider ways that could help them benefit from the increased use of this new

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SEC Tries to Limit Ripple’s Access, Accusing the Company of ‘Harassment’

April 23, 2021

The Securities and Exchange Commission (SEC) has accused Ripple of “harassment” after its executives were granted access to internal documents from the regulatory body.
The documents allegedly contain information about three currencies —BTC, ETH, and XRP, where the SEC classifies the three of them as “digital currencies.” Now the SEC wants to limit access to these documents, claiming they are “irrelevant” to the case.
The SEC Asks the Judge To Block Ripple’s Access
On April 7, Ripple won the right to access the SEC’s internal records and communications. The court issued an order requesting the SEC to search thousands of external emails of 19 custodians for documents related to XRP, Bitcoin, and Ethereum. 
The regulatory body complied with the order, although it denied the

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Gaming Giant Ubisoft Becomes a Tezos Baker

April 21, 2021

French game publisher Ubisoft has partnered with Tezos, becoming an official corporate validator node on its blockchain. Nomadic Labs, a research and development team within the Tezos ecosystem, announced the partnership via Twitter. 

🎮@Ubisoft is exploring #Tezos technology by becoming a corporate baker. 👋 Welcome to the ecosystem!Read the announcement: https://t.co/ZM1IzBTVCM#blockchain #DigitalTransformation #crypto #Ubisoft pic.twitter.com/6wKCQIFAOJ
— Nomadic Labs (@LabosNomades) April 20, 2021

Ubisoft is now one of the largest video game publishers to work with DeFi protocols and using blockchain technology. The company is behind many popular franchises like Assassin’s Creed, Far Cry, Tom Clancy’s, and Watch Dogs. Michel Mauny, President of Nomadic Labs and

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Rothschild Investment Buys $4.75M in Shares of the Grayscale Ethereum Trust

April 19, 2021

Asset manager Rothschild investment Corp has acquired 265,302 shares from the Grayscale Ethereum Trust, a purchase worth $4.75 million.
According to an SEC filing on April 15, the firm also bought an additional 8,000 shares of the Grayscale Bitcoin Trust (GBTC), now owning a total of 38,346 shares.
Not The Rothschild You Think
Rothschild Investment Corp has nothing to do with the Rothschild family, but many in the community are still confused. 
Founding members Monroe Rothschild and brother-in-law Samuel Karger have said the firm has no relation with the wealthy dynasty originally from Frankfurt. In 1995, New York Times published an article that clarified the differences between both branches.
Rothschild Investment Corp was founded in 1908, headquartered in Chicago. The

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European Hedge Fund Brevan Howard to Invest $84 Million In Cryptocurrencies

April 15, 2021

It should be no surprise that more traditional corporations join the crypto fever by investing in bitcoin or adopting blockchain technology. Brevan Howard, a European hedge fund, is the latest asset manager to join the movement.
Bloomberg reported that the asset manager is preparing to invest $84,000,000 in digital assets, representing 1.5% of its $5.6 billion hedge fund. Jonny Steindorff and Tucker Waterman, co-founders of crypto investment firm Distributed Global, will oversee the initial allocation.
Betting on Several Cryptos
According to a person familiar with the matter, the fund will have a diverse portfolio by focusing on several crypto assets besides bitcoin and ether. Its co-founder, Alan Howard, has vast experience in the field, investing in cryptocurrencies and

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PayPal’s Crypto Service Could Reach $200 Million in Volume in a Few Months, Says CEO

April 15, 2021

Speaking at a conference with several crypto-friendly corporations, PayPal’s CEO Dan Schulman revealed that the company is looking to expand its crypto-services as digital currencies take a leading role in the financial system.
Schulman joined the “2021 Blockchain 50 Symposium: Crypto Goes Corporate“, together with dozens of executives from the technological and financial space, including Michael Saylor from MicroStrategy Cuy Sheffield, Head of Crypto at Visa.
Less Cash, More Inclusion
Speaking to the assistant director at Forbes, Michael del Castillo, Schulman noted that the current financial system lacks the innovation and inclusion that the crypto assets can provide. He gave an example of the numerous unbanked citizens in the United States that can’t receive a stimulus

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Grayscale Adds $1 Billion in Bitcoin, Nears $50 Billion in Total AUM

April 11, 2021

Investment giant Grayscale recently added another $1 billion worth of Bitcoin in almost 24 hours. Now, the firm nears the $50 billion mark with $46.1 billion in total assets under management (AUM)
AUM Growing
As reported by CryptoPotato recently, the investment firm increased its total AUM by more than $3 billion, shortly after expanding its crypto-trust offerings by adding five new tokens for their eligible accredited investors. 

04/09/21 UPDATE: Net Assets Under Management, Holdings per Share, and Market Price per Share for our Investment Products.
Total AUM: $46.1 billion$BTC $BCH $ETH $ETC $ZEN $LTC $XLM $ZEC $BAT $LINK $MANA $FIL $LPT pic.twitter.com/8RMLseCeQQ
— Grayscale (@Grayscale) April 9, 2021

The Grayscale Bitcoin Trust (GBTC) accounts for $38.1 billion

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BNY Mellon to Become Service Provider for SkyBridge Bitcoin ETF

April 9, 2021

America’s oldest bank, BNY Mellon, will become the first service provider for a Bitcoin exchange-traded fund (ETF) launched by Antoni Scaramucci’s SkyBridge and First Trust Advisors, pending approval.
According to a press release, if the SEC approves the ETF, BNY Mellon will provide several services for institutional clients, such as ETF basket operation, order taking, fund accounting, fund administration, and transfer agency services.
Traditional Institutions Jumping on the Bitcoin Trend
The announcement follows the company’s plans to expand the adoption and use of cryptocurrencies. According to a BNY Mellon spokesperson, this strategic partnership is “part of the larger movement to bring digital assets mainstream.”
“The growing interest in digital assets presents a

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Bitmain Sells 42,000 S19 Antiminers to Riot Blockchain

April 8, 2021

Bitcoin mining company Riot Blockchain has decided to expand its mining capacity by purchasing 42,000 S19 Antimners from Bitmain, a Hong Kong crypto-mining products manufacturer.
The purchase was worth at least $138.5 million and it’s part of the company’s plans to increase its Bitcoin mining hashrate, aiming at 7.7 EH/s by mid-2021 (an increase in the target by more than 90%).
Riot Blockchain Exceeding its EH/s Expectations.
Bitmain will be delivering 2000 S19j Antiminers per month, starting in November 2021, continuing through October 2022.
In August 2020, Riot Blockchain bought 8,000 S19 Pro Antimners from Bitmain worth $17.7 million. The agreement defined a delivery schedule of 2,000 S19 Antminers per month, exceeding its previously reported goal of 1 EH/s by 2021.

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Crypto Market Tops $2 Trillion As Bitcoin Price Eyes $60K Once Again

April 5, 2021

The crypto market has reached a new all-time high today and is now worth over 2 trillion dollars.
The push from financial institutions has played a crucial role in boosting the price of several high-market cap currencies like Bitcoin, Ethereum, and others.

Another Milestone for the Crypto Community
While this is an excellent achievement for the crypto-space, many crypto-users believe an even greater bull run is ahead, considering the institutional push and adoption for cryptocurrencies. The most recent news on this front came from MicroStrategy adding another $15 million in bitcoin (235 BTC).
Despite the new ATH for the market, a Bitcoin Exchanged-traded Fund is still underway, which, if approved, could give the industry an even more dramatic boost. Investment firms in

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Cardano Partners with Orion Protocol to Bring Scalability to DeFi and NFTs

April 3, 2021

IOHK, the company behind Cardano, has partnered with Orion Protocol, becoming the first liquidity aggregator of the Cardano blockchain. 
Orion has provided a non-custodial gateway to the crypto market by aggregating liquidity from crypto exchanges into a single DeFi platform. The partnership with Cardano comes after a series of integration to other protocols, such as Binance Smart Chain, Avalanche, and Elrond. 
Cardano’s Bridge to the Crypto Market
This partnership provides Cardano with a bridge to the entire crypto market where users can access liquidity from centralized exchanges in a decentralized manner. As per a blog post, Orion and Cardano’s primary focus will be on issues such as scalability and a flexible groundwork for DeFi products and NFTs.
On March 31, Cardano

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Aave Exploring Polygon’s Layer 2 System to Provide Scalability and Cheaper Transactions

April 1, 2021

Aave, the third-largest non-custodial lending protocol, is taking a multi-market approach and exploring scalability solutions in a project called “New Frontiers.”
Aave is now exploring Polygon (formerly known as Matic), an Ethereum layer 2 protocol that enhances scalability using an adapted version of the Plasma framework. The Polygon sidechain system will be the first to integrate Aave as part of this plan to bring scalability and low-cost transactions.
DeFi Should Be for Everyone, Not Just Wealthy Investors
While Ethereum is the pioneer of decentralized finance, high fees and scalability have been long-time issues for the network. The team behind Aave stated that DeFi should not be limited to high net worth investors, which also discourages new users.
“If DeFi is great

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Tether Tokens Are Fully Backed According to an Insurance Company

April 1, 2021

Tether Holdings Limited, the company behind Tether (USDT), has published a testimony yesterday from an insurance company that claims the stablecoin is “fully backed” but without disclosing what kind of assets are backing up the currency.
Moore Cayman, an insurance company located in the Cayman Islands, testified for Tether, stating that the stablecoin is fully backed with undisclosed reserves. The document examines several aspects of Tether, indicating that its consolidated assets exceed its consolidated liabilities. 
As of February 28, 2021, Tether holdings accounted for $35.28 billion in total assets exceeding its total liabilities of $35.15 million.
“Tether has always been fully backed, and the assurance opinion we made available today confirms it once again. As

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Grayscale Reports Over $3 Billion Increase in AUM in Just Four Days

March 31, 2021

Grayscale now holds 44.1 billion assets under management, which represents an increase of over 3 billion in just four days. 
As reported by CryptoPotato, Grayscale expanded its crypto-trust offerings, adding five new tokens: Chainlink (LINK), Basic Attention Token (BAT), MANA (Decentraland), Filecoin (FIL), and Livepeer (LPT). These trusts, already operational for eligible accredited investors, surged in price considerably after the announcement.
Demand For More Cryptos
Michael Sonnenshein, CEO of Grayscale, shared the news about new trusts following a massive inflow of accredited investors and clients demanding new prospective tokens. Meanwhile, the Grayscale Bitcoin Trust (GBTC) still trades slightly below the price of BTC.

Basic Attention Token Trust: $3.5M with 11.08M

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This is How Cardano Switches to Decentralization Securely, Team Explains

March 30, 2021

On March 31, Cardano will become a fully decentralized platform, this means that over 1,800 community pools will be responsible for block production. 
Since the release of the Shelley update in July 2020, Cardano was slightly criticized by the DeFi community for issuing their own blocks while its SPO (stake pool operator) was being developed, instead of leaving the production to the community. Now the protocol is ready to become a fully decentralized platform.
Cardano’s Launch for Decentralisation 
The team behind the protocol explained per a blog post how Cardano is switching to full decentralization securely. According to the document, Ouroboros, Cardano’s proof-of-stake (PoS) protocol is organized with 120 hour periods (5 days).
These periods are called “epochs” and

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New Zealand Fund Manager Reveals $17.5 Million Bitcoin Invstment at $10,000 per BTC Last October

March 28, 2021

KiwiSaver Growth Strategy recently invested 5% of its money into Bitcoin, according to his Chief Investment Officer, James Grigor.While several investors from KiwiSaver were not happy with the decision, Grigor believes Bitcoin has become a commodity, similar to gold, and has many features similar to it such as working as a store of value against fiat hyperinflation. “If you are happy to invest in gold, you can’t really discount bitcoin,” he said for Stuff, a New Zealand news agency. The Fund Already Invested in BitcoinKiwiSaver is a retirement plan from New Zealand Wealth Funds Management. The fund deals mostly with traditional assets, bonds, and shares, with $350 million under management. Grigor expects that Bitcoin takes more features within the fund and expands to other investment

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