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DeFi Protocol Flare Has Raised $11.3M Ahead of FLR Token Distribution

Ahead of its FLR token distribution to XRP holders, Flare has raised over $11 million in an investment round led by Kenetic Capital.

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The Federated Byzantine Agreement-based (FBA) network, Flare, has announced the completion of another funding round in which it raised over $11 million. Kenetic Capital led the investment as some of the notable names that participated included Digital Currency Group, Coinfund, LD Capital, Wave Financial, and Borderless Capital.

Flare Raises $11M

Built as a scalable, decentralized smart contract platform that runs the Ethereum Virtual Machine, Flare utilizes Federated Byzantine Agreement-based consensus. The project announced the latest funding round in which it raised $11.3 million in a press release shared with CryptoPotato.

Apart from the aforementioned participants, additional financing came from private investors like Vinny Lingham, Do Kwan, DeFi Capital, ZB Group, Genesis Capital, and Litecoin’s founder – Charlie Lee.

According to Flare’s CEO, Hugo Philion, this investment round only goes to demonstrate “a belief in Flare’s potential to unleash the value and unlock the community in chains that do not have native smart contracts.”

“Flare’s goal is to bring additional utility to all chains and ecosystems that are integrated with it. The investment brings into the Flare ecosystem key participants in the investment community, together with major exchanges, market makers, blockchain founders, and entrepreneurs that have an interest in driving meaningful developments and participation of Flare.” – he added.

The Upcoming FLR Token Distribution

The statement also touched upon the upcoming airdrop of Flare’s native token – Spark (FLR). It will be distributed to XRP holders who help Ripple’s coin on December 12th, 2020. At the time, over 100 cryptocurrency exchanges participated in the distribution, and the “majority also agreed to list the token.”

The Flare protocol will enable “additional utility” for other tokens via its smart contract. Users will be able to utilize the FLR coin as collateral for the trustless issuance of assets from payment chains that lack smart contracts. After the launch, Flare will focus on XPR, XLM, LTC, and DOGE.

The PR indicated that already several DeFi, NFT, and gaming projects had revealed plans to launch on Flare, whose “Oracle system currently features at least 16 data providers.”

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Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://cryptopotato.com/defi-protocol-flare-has-raised-11-3m-ahead-of-flr-token-distribution/

Blockchain

MicroStrategy To Sell $1B in Stock for More Bitcoin

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MicroStrategy Inc. (MSTR), the enterprise software maker, filed a shelf registration to the U.S. Securities and Exchange Commission (SEC) on Monday, intending to sell as much as $1 billion in common shares for general purpose, including purchasing more Bitcoin, Bloomberg reported Monday.

MSTR announced earlier Monday that the enterprise had completed the sale of $500 million in senior secured notes due 2028. The net proceeds from the sale are estimated at approximately $488 million. The deals will aim to purchase extra Bitcoins for assets accumulation. MicroStrategy’s latest move of the amount is more than expected, as the company’s announcement last week was planning to sell $400 million to buy Bitcoin. Bloomberg reported early that it was the first-ever junk bond sale used for financing purchases of the volatile cryptocurrency.

MSTR disclosed in May that the company is holding around 92,079 BTC by a newly formed subsidiary, MicroStrategy LLC.

Bitcoin Returns $40,000 Level Above

Meanwhile, Bitcoin’s price is boosted by serval feel-good factors and returned to $40,000 level above on Monday after billionaire hedge manager Paul Tudor Jones expressed his confidence in Bitcoin as a hedging investment tool for his portfolio.  

Tesla CEO Elon Musk revealed his conditional acceptance for Bitcoin payment on Twitter recently. Musk said the electric vehicle manufacturer might resume allowing Bitcoin transaction in the future, as long as Bitcoin mining is environmentally friendly enough that at least 50% of energy usage generated by green energy.

Image source: Shutterstock Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://Blockchain.News/news/microstrategy-to-sell-1b-in-stock-bitcoin

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Blockchain

I Like Bitcoin as a Portfolio Diversifier, Says Tudor Jones

The American billionaire said that he would like to add Bitcoin to his investment portfolio along with gold and commodities.

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Paul Tudor Jones became the latest American hedge fund manager to support Bitcoin as a portfolio diversifier. The founder of Tudor Investment Corporation said that he would like to allocate around 5% of his investment portfolio to Bitcoin.

In a recent interview with CNBC, Tudor Jones said that the world‘s largest cryptocurrency is an interesting investment tool. “Bitcoin is math, and math has been around for thousands of years. I like the idea of investing in something that is reliable, consistent, honest, and 100% certain. BTC has appealed to me because it is a way to invest in certainty. I like Bitcoin as a portfolio diversifier. The only thing I know for certain, I want 5% in gold, 5% in BTC, 5% in cash, 5% in commodities,” Tudor Jones told CNBC.

Tudor Jones is one of the well-known hedge fund managers in the US. According to the latest data published by Forbes, he has a net worth of more than $7 billion.

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BTC is getting popular among billionaires and prominent hedge fund managers. Last week, Ken Moelis, founder of investment banking firm Moelis and Company, compared Bitcoin with the gold rush of 1848 and highlighted a significant interest in BTC and other cryptocurrencies.

Bitcoin Mining

Despite his support for Bitcoin as a portfolio diversification tool, Tudor Jones expressed his concerns reading the environmental impact of Bitcoin mining. “I am concerned about BTC mining because of its environmental impact. If I was king of the world, I would ban Bitcoin just because of the environmental issues and then just make the ecosystem figure out different ways to do BTC mining without expanding supply anymore. That’s what I would do,” he added.

Yesterday, the price of the world’s most valuable digital currency crossed $40,500 for the first time in June 2021. As of writing, Bitcoin is trading above $40,200 with a market cap of more than $750 billion.

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://www.financemagnates.com/cryptocurrency/news/i-like-bitcoin-as-a-portfolio-diversifier-says-tudor-jones/

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Blockchain

Kraken Daily Market Report for June 14 2021


Overview


  • Total spot trading volume at $1.51 billion, the 30-day average is $2.39 billion.
  • Total futures notional at $440.6 million.
  • The top five traded coins were, respectively, Bitcoin (+3.8%), Tether (0%), Ethereum (+2.9%), Polkadot (+17%), and Cardano (+1.2%).
  • Strong returns Synthetix (+10%), Polkadot (+17%), and Rarible (+27%).

June 14, 2021 
 $1.51B traded across all markets today
 Crypto, EUR, USD, JPY, CAD, GBP, CHF, AUD 
BTC 
$40530. 
↑3.8% 
$665.4M
USDT 
$1.0004 
↑0.03% 
$291.9M
ETH 
$2582.5 
↑2.9% 
$256.1M
DOT 
$25.856 
↑17% 
$87.3M
ADA 
$1.578 
↑1.2% 
$71.4M
USDC 
$1.0 
↑0.0% 
$58.9M
DOGE 
$0.3277 
↑1.0% 
$22.6M
LINK 
$25.003 
↑6.9% 
$21.2M
LTC 
$179.98 
↑5.2% 
$20.7M
XRP 
$0.8904 
↑0.6% 
$18.9M
KSM 
$427.52 
↓1.7% 
$14.1M
BCH 
$640.64 
↑4.2% 
$7.7M
XMR 
$276.0 
↑5.8% 
$6.41M
TRX 
$0.0720 
↑0.3% 
$6.0M
MINA 
$2.87 
↑0.7% 
$5.96M
SC 
$0.0161 
↑2.7% 
$5.0M
DAI 
$1.0010 
↑0.01% 
$4.88M
MATIC 
$1.5517 
↑5.4% 
$4.68M
EWT 
$7.4689 
↓8.8% 
$4.66M
XLM 
$0.3438 
↓0.4% 
$4.47M
AAVE 
$317.97 
↑0.28% 
$4.41M
FIL 
$74.942 
↑2.6% 
$4.12M
ALGO 
$1.0566 
↑1.3% 
$3.51M
KEEP 
$0.5018 
↑5.3% 
$3.21M
EOS 
$5.301 
↑4.0% 
$2.81M
ATOM 
$13.253 
↑5.6% 
$2.5M
ETC 
$59.236 
↑0.28% 
$2.49M
OXT 
$0.3303 
↑1.9% 
$2.45M
UNI 
$24.169 
↑3.9% 
$2.29M
FLOW 
$12.333 
↑3.4% 
$2.22M
RARI 
$10.16 
↑27% 
$2.08M
NANO 
$6.9274 
↑6.3% 
$1.93M
MLN 
$97.823 
↑0.8% 
$1.69M
OMG 
$5.2065 
↑2.8% 
$1.53M
PAXG 
$1862.6 
↓0.9% 
$1.52M
KAVA 
$4.0075 
↑3.6% 
$1.41M
ICX 
$0.9909 
↑4.5% 
$1.35M
XTZ 
$3.3477 
↑1.0% 
$1.33M
ZEC 
$139.04 
↑4.5% 
$1.28M
WAVES 
$15.652 
↑2.9% 
$1.2M
QTUM 
$9.4483 
↑2.1% 
$1.17M
YFI 
$39362. 
↑2.0% 
$1.09M
GRT 
$0.6812 
↓0.6% 
$1.05M
DASH 
$177.71 
↑2.9% 
$986K
SNX 
$10.107 
↑10% 
$964K
COMP 
$336.74 
↑3.7% 
$873K
OCEAN 
$0.5584 
↑5.9% 
$868K
KNC 
$1.9169 
↓3.4% 
$749K
CRV 
$2.2769 
↑2.5% 
$744K
BAT 
$0.6709 
↑2.9% 
$671K
ANT 
$4.7014 
↑6.0% 
$481K
STORJ 
$0.9687 
↑1.7% 
$479K
LSK 
$3.1042 
↑7.0% 
$403K
MANA 
$0.7121 
↑2.6% 
$383K
BAL 
$23.94 
↑0.5% 
$287K
REP 
$24.980 
↓0.04% 
$267K
MKR 
$3195.0 
↑0.7% 
$232K
LPT 
$27.2 
↓0.5% 
$225K
REPV2 
$19.504 
↑1.8% 
$164K
GNO 
$180.71 
↑3.2% 
$162K
ENJ 
$1.422 
↑8.9% 
$152K
SUSHI 
$9.13 
↑5.3% 
$127K
TBTC 
$38601. 
↓3.5% 
$127K
REN 
$0.4580 
↑5.1% 
$123K
ZRX 
$0.9059 
↑1.8% 
$70.2K
GHST 
$1.0808 
↑2.2% 
$67.0K
SAND 
$0.2767 
↓0.4% 
$50.0K
ANKR 
$0.0856 
↓2.8% 
$28.7K
BNT 
$4.024 
↑2.4% 
$14.2K

The post Kraken Daily Market Report for June 14 2021 appeared first on Kraken Blog.

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Overview


  • Total spot trading volume at $1.51 billion, the 30-day average is $2.39 billion.
  • Total futures notional at $440.6 million.
  • The top five traded coins were, respectively, Bitcoin (+3.8%), Tether (0%), Ethereum (+2.9%), Polkadot (+17%), and Cardano (+1.2%).
  • Strong returns Synthetix (+10%), Polkadot (+17%), and Rarible (+27%).

June 14, 2021 
 $1.51B traded across all markets today
 Crypto, EUR, USD, JPY, CAD, GBP, CHF, AUD 
BTC 
$40530. 
↑3.8% 
$665.4M
USDT 
$1.0004 
↑0.03% 
$291.9M
ETH 
$2582.5 
↑2.9% 
$256.1M
DOT 
$25.856 
↑17% 
$87.3M
ADA 
$1.578 
↑1.2% 
$71.4M
USDC 
$1.0 
↑0.0% 
$58.9M
DOGE 
$0.3277 
↑1.0% 
$22.6M
LINK 
$25.003 
↑6.9% 
$21.2M
LTC 
$179.98 
↑5.2% 
$20.7M
XRP 
$0.8904 
↑0.6% 
$18.9M
KSM 
$427.52 
↓1.7% 
$14.1M
BCH 
$640.64 
↑4.2% 
$7.7M
XMR 
$276.0 
↑5.8% 
$6.41M
TRX 
$0.0720 
↑0.3% 
$6.0M
MINA 
$2.87 
↑0.7% 
$5.96M
SC 
$0.0161 
↑2.7% 
$5.0M
DAI 
$1.0010 
↑0.01% 
$4.88M
MATIC 
$1.5517 
↑5.4% 
$4.68M
EWT 
$7.4689 
↓8.8% 
$4.66M
XLM 
$0.3438 
↓0.4% 
$4.47M
AAVE 
$317.97 
↑0.28% 
$4.41M
FIL 
$74.942 
↑2.6% 
$4.12M
ALGO 
$1.0566 
↑1.3% 
$3.51M
KEEP 
$0.5018 
↑5.3% 
$3.21M
EOS 
$5.301 
↑4.0% 
$2.81M
ATOM 
$13.253 
↑5.6% 
$2.5M
ETC 
$59.236 
↑0.28% 
$2.49M
OXT 
$0.3303 
↑1.9% 
$2.45M
UNI 
$24.169 
↑3.9% 
$2.29M
FLOW 
$12.333 
↑3.4% 
$2.22M
RARI 
$10.16 
↑27% 
$2.08M
NANO 
$6.9274 
↑6.3% 
$1.93M
MLN 
$97.823 
↑0.8% 
$1.69M
OMG 
$5.2065 
↑2.8% 
$1.53M
PAXG 
$1862.6 
↓0.9% 
$1.52M
KAVA 
$4.0075 
↑3.6% 
$1.41M
ICX 
$0.9909 
↑4.5% 
$1.35M
XTZ 
$3.3477 
↑1.0% 
$1.33M
ZEC 
$139.04 
↑4.5% 
$1.28M
WAVES 
$15.652 
↑2.9% 
$1.2M
QTUM 
$9.4483 
↑2.1% 
$1.17M
YFI 
$39362. 
↑2.0% 
$1.09M
GRT 
$0.6812 
↓0.6% 
$1.05M
DASH 
$177.71 
↑2.9% 
$986K
SNX 
$10.107 
↑10% 
$964K
COMP 
$336.74 
↑3.7% 
$873K
OCEAN 
$0.5584 
↑5.9% 
$868K
KNC 
$1.9169 
↓3.4% 
$749K
CRV 
$2.2769 
↑2.5% 
$744K
BAT 
$0.6709 
↑2.9% 
$671K
ANT 
$4.7014 
↑6.0% 
$481K
STORJ 
$0.9687 
↑1.7% 
$479K
LSK 
$3.1042 
↑7.0% 
$403K
MANA 
$0.7121 
↑2.6% 
$383K
BAL 
$23.94 
↑0.5% 
$287K
REP 
$24.980 
↓0.04% 
$267K
MKR 
$3195.0 
↑0.7% 
$232K
LPT 
$27.2 
↓0.5% 
$225K
REPV2 
$19.504 
↑1.8% 
$164K
GNO 
$180.71 
↑3.2% 
$162K
ENJ 
$1.422 
↑8.9% 
$152K
SUSHI 
$9.13 
↑5.3% 
$127K
TBTC 
$38601. 
↓3.5% 
$127K
REN 
$0.4580 
↑5.1% 
$123K
ZRX 
$0.9059 
↑1.8% 
$70.2K
GHST 
$1.0808 
↑2.2% 
$67.0K
SAND 
$0.2767 
↓0.4% 
$50.0K
ANKR 
$0.0856 
↓2.8% 
$28.7K
BNT 
$4.024 
↑2.4% 
$14.2K



#####################. Trading Volume by Asset. ##########################################

Trading Volume by Asset


The figures below break down the trading volume of the largest, mid-size, and smallest assets. Cryptos are in purple, fiats are in blue. For each asset, the chart contains the daily trading volume in USD, and the percentage of the total trading volume. The percentages for fiats and cryptos are treated separately, so that they both add up to 100%.

Figure 1: Largest trading assets: trading volume (measured in USD) and its percentage of the total trading volume (June 14 2021)



Figure 2: Mid-size trading assets: (measured in USD) (June 14 2021)


###########. Daily Returns. #################################################

Daily Returns %


Figure 3: Returns over USD and XBT. Relative volume and return size is indicated by the size of the font. (June 14 2021)


###########. Disclaimer #################################################

The values generated in this report are from public market data distributed from Kraken WebSockets api. The total volumes and returns are calculated over the reporting day using UTC time.

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://blog.kraken.com/post/9570/kraken-daily-market-report-for-june-14-2021/

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Blockchain

Since It Adopted Bitcoin As Legal Tender, The World Is Looking At El Salvador

According to all metrics, El Salvador is all the rage right now. When the government announced that their citizens and all economic actors are legally allowed to use Bitcoin as legal tender, headlines all over the world reported on the news. But interest in the country is growing steadily since, from articles and features in […]

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According to all metrics, El Salvador is all the rage right now. When the government announced that their citizens and all economic actors are legally allowed to use Bitcoin as legal tender, headlines all over the world reported on the news. But interest in the country is growing steadily since, from articles and features in all kinds of media, to Google interest and searches. The world’s eye is on El Salvador.

Related Reading | How El Salvador Embracing Bitcoin Signifies “The Separation Of Money And State”

People all over the world are searching for information on real state and citizenship in El Salvador. Those are extremely serious topics, even if the search is casual or exploratory. Just look at the spike in these graphics:

Smile El Salvador, The Press Is Looking

Media outlets from all over the world are trying to figure out President Bukele’s line of thought, long-term plans, and strategy. They’re also struggling to understand Bitcoin, what does it do and how does it do it. They can’t seem to understand what are the advantages and keep comparing it to the legacy financial system in a way that makes the status quo look good.

As an example let’s look into USA Today’s article on Bitcoin Beach:

El Zonte’s mini bitcoin economy 26 miles (43 kilometers) from the capital came about through an anonymous donor who started working through a local nonprofit group in 2019. Supporters of the financial change point to it as a demonstration case for how digital currency could help in a country where 70% of the people don’t have bank accounts.

President Nayib Bukele, who pushed through the bitcoin law, touts it both as a way to help those many Salvadorans without access to traditional banking services and as a path to attract foreigners with bitcoin holdings to invest in El Salvador, which is the first nation to make the cryptocurrency legal tender.

That “path to attract foreigners” seems to be working, if we take Google Searches as a valid indicator. The game is afoot, but it’s just starting, though. We’ll see how this experiment goes. 
BTCUSDT price chart for 06/15/2021 - TradingView

BTC price chart on Huobi | Source: BTC/USDT on TradingView.com

Do You Even Know About The Lightning Network?

As for the much smaller experiment that’s Bitcoin Beach, USA Today found a way to attack it. 

David Gerard, author of “Attack of the 50 Foot Blockchain,” said El Zonte is an artificial demonstration.

At Bitcoin Beach, he said, “the bitcoins are traded inside Strike. They don’t actually move on the bitcoin blockchain or anything.”

Gerard said it appears to work because the bitcoin donor keeps pumping bitcoin into the village’s system. “That’s not a proof of concept that works. That shows that you can trade this stuff if you’re not trading actual bitcoins and someone massively subsidizes it.”

They not only found the one so-called crypto-journalist that despises Bitcoin, but they printed something like “the bitcoins are traded inside Strike. They don’t actually move on the bitcoin blockchain or anything.” The app uses the Lightning Network to process transactions. That’s Bitcoin’s answer to those that say that it isn’t fast or scalable enough.

Related Reading | Summing Up The JP Morgan Report On Bitcoin In El Salvador

In the second layer, the Lightning Network processes transactions. Eventually, the system settles those transactions in the first layer, in the blockchain. Does David Gerard not know this? Or is he being dishonest and muddying the waters? Does he not care about what this means for people in El Salvador?

As for the donor, the article later says:

“Our donor made three deliveries of $40, converted to bitcoin, for each of the community’s 500 families, and they were trained to use the application and now it’s normal to buy with bitcoin,” Martínez said.

Does that sound like a subsidized economy to you?

Plus, look at this picture heavy thread to see what the Bitcoin community is doing for El Salvador:

Bitcoin in El Salvador, Institutional Backing

The president of the Central American Bank, Dante Mossi, said in a press conference: “Bitcoin is a really big deal for the El Salvadorans, and we’re really proud that they’ve made us part of this new policy.” The conference title was: “In Reference To El Salvador’s Announcement About The Use Of Bitcoin.” 

Featured Image by Eduardo Iraheta on Unsplash - Charts by TradingView

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://bitcoinist.com/since-it-adopted-bitcoin-as-legal-tender-the-world-is-looking-at-el-salvador/?utm_source=rss&utm_medium=rss&utm_campaign=since-it-adopted-bitcoin-as-legal-tender-the-world-is-looking-at-el-salvador

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