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Tag Archives: News

Decentralized Web Hosting: Can You Really Earn Money Renting Your Disk Space?

Decentralized hosting seems like a logical idea on the surface. It would allow simple users like you and me host sites and apps and earn money. It would end the domination of Amazon Web Services – which now controls 40% of the cloud market. It corresponds with the Web 3.0 principles – and we all want Web 3.0 to come sooner, right?But just because an idea seems great doesn’t mean that it is.How It’s Supposed to WorkThe main idea behind distributed web hosting is that people have lots of...

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Introducing Facebook Portal TV: Video Calling Has Never Been This Awesome

Today, users of Portal from Facebook have more options available to them to connect with their loved ones and friends, no matter how wide the distance between them is. With the following three new additions, Portal, Portal Mini, and Portal TV, users can expect more when it comes to video-calling.Availability and CostFollowing the addition of the Portal TV, the Portal family is set to be accessible to more countries, aside from the US and Canada, such as France, New Zealand, Australia, Spain,...

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Why Some Consider Ties to Craig Wright Controversial

Craig Wright has been at the center of controversy for some time in the crypto industry. That controversy is spreading so far that even those with basic connections to the Australian bitcoin developer are being ousted by “high-ranking crypto officials.” Is a Connection to Wright Looked Down Upon?One such person is Core Scientific CTO Kristy-Leigh Minehan, who was on the verge of speaking at the upcoming ETC Summit only to be disinvited at the last minute. The rejection came by way of ETC...

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Facebook Kisses up to Banks as Pushback Threatens Libra Crypto

The conspicuous absence of even a single bank as a founding member of Facebook’s cryptocurrency project was never “intentional," according to the co-creator of  Libra, David Marcus. Facebook, he said, would love to have banks involved. No banks in Libra Association? No worries In an interview with Swiss newspaper Neue Zurcher Zeitung, Marcus revealed that banks were put off by the lack of regulatory clarity. This could change when new members are inducted: "First of all, financial...

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Bitwise Creates Document Explaining Why the Time for a Bitcoin ETF Has Come

Bitwise has produced a 31-page document that it has sent to the Securities and Exchange Commission (SEC). The purpose of the document is to suggest why the world is ready for a bitcoin exchange-traded fund (ETF). A Chance for Bitwise to Take Over?For the most part, this is nothing new. Van Eck Solid X ultimately forwarded a similar statement to the SEC earlier this year, only to withdraw its ETF proposal at the last minute. This withdrawal took place a few days ago when a final decision...

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CME Group Will Offfer Options on Bitcoin Futures Contracts

Derivatives marketplace CME Group announced on Friday that, starting next year, it will offer options on its Bitcoin futures contracts. The company launched its futures product back in December 2017, at the same time as the Chicago Board Options Exchange (CBOE) did the same.In its announcement today, CME said that this step is made in order to provide clients with “additional tools for precision hedging and trading.” The launch is still pending regulatory review.Tim McCourt, CME Group global...

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Can Bakkt Really Do Anything for Bitcoin at This Stage?

At press time, bitcoin is trading for about $10,169. The currency has gone through some very strange behavior over the past 24 hours, falling below the $10,000 range to $9,600, only to jump back up again and reach the spot where it stood before. Perhaps the remark that the currency is at its lowest volatility levels since last May has some truth to it, or maybe it has something to do with Bakkt.Bakkt Is About to Emerge One of the big questions running through investors’ and analysts’ minds is...

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WordPress’ Parent Company Raises $300 Million from Salesforce to Hit $3 Billion Valuation

Automattic, the parent company of the World’s most popular content management system WordPress recently raised $300 Million in financing from a single investor known for its deep interest in innovative internet technologies. Its valuation is already estimated at $3 Billion. Not bad for a company that isn’t known for raising money in venture capital regularly.Known Venture Capital firm Salesforce Ventures committed the series D funding of the parent company of the web’s most popular...

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Bitcoin Price Back Above $10k, Targets New ATH Amid Bakkt Monday Launch

Crypto enthusiasts are almost always in a perpetual waiting state, in the hope that the market will pick up and keep on rallying, even when data is already bullish. In the past, there have been several factors named as important to Bitcoin price surge or pullback depending on the specific period. Today, the most anticipated event in the cryptosphere, which is also a major factor in the possible chance of a Bitcoin rally, is the launch of Bakkt.The Bakkt launch is only a few days away and with...

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U.S. Congress to Discuss Cryptocurrency With SEC Right After Bakkt is Launched

On Sept. 19, the Committee on Financial Services came to an agreement that the topic, “Oversight of the Securities and Exchange Commission: Wall Street’s Cop on the Beat,” would be the topic of discussion and Sept. 24 was chosen as the D-day, which is, just for a reminder, the day after Bakkt launch.This hearing will consist of the chairman of the SEC, Jay Clayton, Commissioner Hester Pierce, who is also known as Crypto Mom, and three other commissioners.Will Libra Make It Into the List of...

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