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Google Finance, a data site maintained by the tech giant, has added a tab dedicated to cryptocurrencies, with a prominent placement right at the top of the page. Cryptocurrencies are listed among five default markets, which include the U.S., Europe, Asia, and “Currencies.”
The MIT Media Lab’s Digital Currency Initiative (DCI) has announced a $4 million, four-year-long research and development program to protect the Bitcoin network.
Tether, the issuer of leading stablecoin USDT, said on social media it received a ransom note asking for 500 bitcoin (over $23 million), or face the release of documents that could “harm the bitcoin ecosystem.”
Sponsored: 2021 has already been a record-breaking year for cryptocurrencies, and popular Bitcoin casino CryptoSlots joined in the fun. Player ‘CRYPTONOMOUS’ won $210,000 on the site’s jackpot slot, more than doubling the slot’s previous record of $100,000.
Top stories in the Crypto Roundup today:
- Google Finance Launches Dedicated Cryptocurrency Tab
- MIT’s Digital Currency Initiative Raises Funds to Protect Bitcoin
- Tether Reportedly Received Ransom Note Demanding 500 BTC
- Daily Movers – FTM, MATIC, AAVE
- Sponsored: Player Strikes It Rich at CryptoSlots: One Second, One Spin, $210,000 Win
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Google Finance Launches Dedicated Cryptocurrency Tab
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Google Finance, a data site maintained by the tech giant, added a tab dedicated to cryptocurrencies, with a prominent placement right at the top of the page. Cryptocurrencies are listed among five default markets, including the U.S., Europe, Asia, and “Currencies.”
The new section provides key pricing information for various cryptocurrencies including Bitcoin, Ether, Litecoin, and Bitcoin Cash. The number of cryptocurrencies available on the platform appears to be limited for now, with top cryptos like Cardano’s ADA, Polkadot’s DOT, and Stellar’s XLM not appearing on the platform.
Google’s parent company, Alphabet, also owns YouTube, which has consistently banned cryptocurrency users for publishing educational content.
The new dedicated tab was launched at a time when the cryptocurrency market has been attracting mainstream attention, as its market capitalization surpassed $1 trillion in January. It peaked above $1.7 trillion before enduring a correction.
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MIT’s Digital Currency Initiative Raises Funds to Protect Bitcoin
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The MIT Media Lab’s Digital Currency Initiative (DCI) has announced a $4 million, four-year-long research and development program to protect the Bitcoin network.
The funds were raised from prominent backers including CoinShares’ Meltem Demirors, Twitter’s Jack Dorsey, and MicroStrategy’s Michael Saylor. Corporate entities including Fidelity Digital Assets also participated.
The project’s key area of focus will be the long-term health of the Bitcoin protocol. Over the next four years, it will dedicate resources to the development of Bitcoin Core, the underlying codebase of the flagship cryptocurrency’s network, and investigate longstanding questions regarding BTC’s core attributes.
A core group of maintainers currently work on the Bitcoin network, patching bugs and shipping upgrades to keep it robust. Their work is funded on the patronage model, with corporations supporting some developers. Part of the Media Lab’s goal is to “reduce bottlenecks in the development ecosystem which might lead to centralization.” Their statement reads:
“As the use of Bitcoin grows, and as it becomes more deeply embedded into our societies, the security of the network must grow and strengthen alongside it. Yet, as a common good, there is no one single Bitcoin protector or guardian to take on this formidable task.”
The DCI has supported the development of bitcoin since at least 2015.
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Tether Reportedly Received Ransom Note Demanding 500 BTC
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Tether, the issuer of leading stablecoin USDT, said on social media it received a ransom note asking for 500 bitcoin (over $23 million), or face the public release of documents that could “harm the bitcoin ecosystem.”
In a series of tweets, the company claimed that forged documents purporting to be between Tether, Deltec Bank, and others, are circulating and are part of an alleged extortion attempt. The firm tweeted:
“While we believe this is a pretty sad attempt at a shakedown, we take it seriously. We have reported the forged communications and the associated ransom demand to law enforcement. As always, we will fully support law enforcement in an investigation of this extortion scheme.”
Tether’s role in the cryptocurrency market is somewhat controversial, as critics claim its USDT token, pegged to the value of the U.S. dollar, isn’t backed by real USD, and is instead being created out of thin air in a bid to pump cryptocurrency prices.
Last week, Tether settled with the NYAG regarding a multi-year investigation on an $850 million loan made to its sister company Bitfinex. The firms did not admit to wrongdoing as part of the settlement, but Attorney General Leticia James said that “Tether’s claims that its virtual currency was fully backed by U.S. dollars at all times was a lie.”
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Daily Movers – FTM, MATIC, AAVE
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Several tokens are leading the charge in the last 24-hour period. Some of these are well-known cryptocurrencies with rather liquid trading pairs, so we’ll be focusing on these over low-cap cryptos that may have higher percentage changes.
Fantom (FTM) - FANTOM is a new DAG-based Smart Contract platform that intends to solve the scalability issues of existing public distributed ledger technologies. The platform intends to distinguish itself from the traditional block ledger-based storage infrastructure by attempting to employ an improved version of existing DAG-based protocols.
Polygon (MATIC) - Matic provides scalable, secure and instant transactions using sidechains based on an adapted implementation of the Plasma framework for asset security and a decentralized network of Proof-of-Stake (PoS) validators. In short, it allows anyone to create scalable DApps while ensuring a superior user experience in a secure and decentralized manner.
Aave (AAVE) - Aave is a decentralized non-custodial money market protocol where users can participate as depositors or borrowers. Depositors provide liquidity to the market to earn a passive income, while borrowers are able to borrow in an overcollateralized (perpetually) or undercollateralized (one-block liquidity) fashion.
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Player Strikes It Rich at CryptoSlots: One Second, One Spin, $210,000 Win
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Mar 1, 2021 – 2021 has already been a record-breaking year for cryptocurrencies, and popular Bitcoin casino CryptoSlots joined in the fun. Player ‘CRYPTONOMOUS’ won $210,000 on the site’s jackpot slot, more than doubling the slot’s previous record of $100,000.
The player’s win of more than 5 BTC at the time of play has, of course, also risen in value ever since. Next to nothing is known of the lucky recipient since CryptoSlots holds steadfast to its strict player privacy policy.
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Do not be fooled by the dollar signs: this is a crypto casino through and through. Bitcoin, Litecoin & Monero are the accepted payment methods, all automatically converted to US dollars upon deposit and then back to the cryptocurrency of choice upon withdrawing.
Limitless Wins, Maximum Privacy
CryptoSlots was launched in 2018 by Slotland Entertainment, one of the longest-standing online gaming providers, who saw a growing demand among players for privacy and transparency. Games are unique and wins are reliable – without the hassle of fiat payments.
CryptoSlots accepts players from around the world, providing a fair and trustworthy environment in which to play online casino games with cryptocurrencies. Bitcoin (BTC), Litecoin (LTC) and Monero (XMR) accepted.
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