News Bytes #81
Here is a compilation of some of the most informative news and information from the world of cryptocurrency. In this week’s news, PlotX is also planning to add De-Fi to Prediction Markets like Uniswap. Top US politicians reviews about bitcoin and how bitcoin is significantly performing better against devaluing currencies, often with high rates of inflation.
Looks Like De-Fi is Coming to Prediction Markets
Unlike many of its competitors, PlotX generates markets automatically and focuses on short-term predictions instead of trying to cover all durations. Read more. Its founder Ish Goel told Cointelegrpah that his company follows in Uniswap’s footsteps:
“What Uniswap did for exchanges, PlotX essentially is planning to do that with prediction markets.”
Ish Goel
Census Note will be adding decentralized finance capabilities to its wallet soon. This means that the same simplicity that Census Note users enjoy with sending and receiving funds will also be there for their needs with regard to Decentralized Finance. Users will be able to benefit from borrowing and lending cryptocurrency funds.
Bitcoins Are Being Tokenized Faster Than They’re Mined as DeFi Craze Continues
The Decentralized Finance craze is tokenized bitcoins to be minted faster than real bitcoins are being mined. Since Sunday, Wrapped Bitcoin tokenized 1,043 more bitcoins than miners created. Read more.
What Top US Politicians and POTUS Election Candidates Think of Bitcoin
Cryptocurrencies and politics are intertwined. Here’s what the top politicians in the U.S. elections think about cryptocurrencies. Read more.
“Also, I would repeal the Bank Secrecy Act, Know-Your-Customer (KYC), and other laws that violate our right to financial privacy. Many people go to bitcoin because they do want privacy so I would work to repeal those unjust laws.’’
Joanne Jorgensen
“When I saw Harriet Tubman on the $20 bill, that’s the moment when I wanted to use bitcoin.”
Kanye West
If you like this article, check out one of our previous in-house articles, “Can DeFi Replace Your Bank?” by Census Open Finance.
MicroStrategy Just Sent Green Light To Corporate America On Bitcoin
Earlier this week, bitcoin received a boost from an unexpected source — MicroStrategy. -listed business intelligence company, made it public that they have purchased 21,454 bitcoin. Per the CEO, Michael J. Saylor, “Our investment in Bitcoin is part of our new capital allocation strategy, which seeks to maximize long-term value. Read more.
5 National Currencies That Bitcoin Is Absolutely Crushing in 2020
The price of Bitcoin has surged by 50% to 128% against global currencies since early 2020 and analysts believe the trend could continue. Read more.
Why Bitcoin Now: David Chaum and Adam Back Reflect on the Crypto Wars — Ep.186
David Chaum, the inventor of eCash and CEO of xx network, and Adam Back, the inventor of Hashcash and the cofounder and CEO of Blockstream, discuss their involvement in digital currency well before Bitcoin existed.
