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DOT/ Lawyer for Bitfinex, Tether says firms are almost finished producing documents sought by NYAG
A new court filing indicates that the New York Attorney General has received much of the information it has sought from iFinex, the parent company of stablecoin issuer Tether and crypto exchange Bitfinex.
More on The Block• 2021-01-20
/ Deribit Position Builder – Primer on basic option strategies
By now as a Deribit trading participant you are familiar with call and put options – sell an option and collect the premium in return for giving up PnL on an adverse price movement, or buy an option to profit if you are right on the size of a price movement. As a refresher, here is our Education article on this. For the purposes of this article we will focus on call option strategies in general, please keep in mind that everything discussed here for call option strategies applies to put option strategies except the payoff direction is reversed.
More on Deribit Insights• 2021-01-20
/ IPFS Support in Brave
Over the past several months, the Brave team has been working with Protocol Labs on adding InterPlanetary File System (IPFS) support in Brave. This is the first deep integration of its kind and we’re very proud to outline how it works in this post. IPFS is an exciting technology that can help content creators distribute content without high bandwidth costs, while taking advantage of data deduplication and data replication. There are performance advantages for loading content over IPFS by leveraging its geographically distributed swarm network. IPFS is important for blockchain and for self described data integrity. Previously viewed content can even be accessed offline with IPFS! The IPFS network gives access to content even if it has been censored by corporations and nation-states, such as for example, parts of Wikipedia.
More on Brave• 2021-01-20
/ Treasury secretary nominee Janet Yellen calls illicit use of cryptocurrency a 'particular concern'
Cryptocurrencies are a "particular concern" for law enforcement officials charged with policing money laundering and other illicit finance, Treasury secretary nominee and former Federal Reserve chair Janet Yellen said during her Senate confirmation hearing today.
More on The Block• 2021-01-19
/ Ethereum’s Ether Cryptocurrency Sets New All-Time Price High Near $1,440
The price of ether (ETH), the native cryptocurrency of the Ethereum blockchain network, soared to record levels earlier on Tuesday. Prices hit $1,439.33 around 12:00 UTC – that’s a little over the previous all-time high of $1,432.88 registered on CoinDesk’s price index on Jan. 13, 2018. The digital asset rallied nearly 12% Tuesday to reach the new peak. Ether (ETH, +16.57%) first hinted at a coming rally to previously unseen levels earlier this month, but fell victim to a brief market correction triggered by bitcoin (BTC, +3.81%)‘s pullback from $40,000 to $30,000 last week.
More on CoinDesk• 2021-01-19
/ Crypto Exchange Livecoin Closes After Alleged Hack
After an alleged hack in December 2020, Russian cryptocurrency exchange Livecoin has announced that it is going to shut down, but that it will refund its customers. “Our service has been damaged hard in technical and financial way. There is no way to continue operative business in these conditions, so we take a hard decision to close the business and paying the remaining funds to clients,” says the announcement published on January 16.
More on Decrypt• 2021-01-18
#Bitcoin
The next havling will happen at block: 840,000
This means that 172,988 blocks are left and it will approximately happen in..
1,384 days or
33,217 hours or
1,992,995 minutes!
What is it all about?
Halving is an anti-inflation mechanism implemented, in the Bitcoin network. As the name suggests a reduction in the supply of new coins is cut by half (50%). This causes BTC inflation to fall cyclically. It takes place whenever 210,000 blocks have been mined which is roughly around once every 4 years. Current mining rewards are 6.25 bitcoins.