A user from the online platform Substack says he has found the old Twitter account of Satoshi Nakamoto.
The user believes there are some connections between this anonymous old Twitter account and the mysterious founder of Bitcoin.
A user from the online platform of Substack believes that he has accidentally found the anonymous BTC creator’s old Twitter account. The mentioned user is called Varun, and he thinks an old account named Goldlover has some strong connections to Satoshi’s behavior at that time. The old Twitter account had many tweets regarding gold. Varun speculates that the word “gold” in these tweets refers to digital gold. One time, the account owner pointed out that all fiat currencies depreciated throughout history.
The tweet about the depreciation of fiat was published one day before the revolutionary whitepaper
The mentioned tweet about the devaluation of fiat currencies was written on 30 October 2008. It is precisely one day before the publication of Bitcoin’s whitepaper. Decentralization, financial issues, and the necessity for improving the fiat system are among the favorite topics of Goldlover. Some users are speculating that these subjects are related to the insight of enigmatic Satoshi Nakamoto.
The account displays a massive amount of tweets regarding gold, and at one point referred to a Digital Gold Currency before the release of that famous whitepaper by Satoshi. After the public announcement of Bitcoin, Satoshi talked about all of these topics in forums and other places. Varun says no account except the account from late Hal Finney talked about Bitcoin in 2009, and these are vital clues to consider the Twitter account as the old Twitter account of the secretive Bitcoin creator.
Varun referred to two strongly related tweets from Finney and Goldlover in 2009, and he thinks the shreds of evidence are enough for a conclusion about the owner of the old account. Varun feels that Satoshi has utilized the anonymous Twitter account for expressing his ideas, and Nakamoto was coding Bitcoin at that time.
The research from Varun has attracted many users to the account, with some of them thanking Satoshi for revolutionizing the world. In his blog, Varun is encouraging others to research the topic as well.
Rumors are floating around that the SEC is looking into Elon Musk’s tweets about Dogecoin
Elon Musk has had trouble with the SEC in the past
First Squawk, a news service for traders, recently cited “sources familiar with the matter” as saying that U.S. securities regulator SEC is looking into Elon Musk’s tweets about the Dogecoin cryptocurrency. It’s no secret that Elon musk’s frequent featuring of Dogecoin has had an impact on the DOGE markets – with over 48 million Twitter followers, Musk’s tweets have a massive reach.
Elon Musk had previously already been investigated by the SEC because of his social media activity. In 2018, Musk said in a tweet that he was considering taking Tesla private at $420 per share – since the company’s shares were trading at a lower price, some investors saw this as an opportunity to buy.
In the end, the two parties achieved a settlement, and Musk and his company had to each pay a $20 million fine. As a part of the mentioned settlement, Elon had to resign from his position as the chairman of the board. It was likely that Musk wanted to pay Tesla’s fine as well. Musk decided to buy $20 million of Tesla’s shares, as he couldn’t pay the fine directly on Tesla’s behalf. Musk eventually even made money from the agreement due to the price increase in Tesla s stocks.
SEC accuses Musk of Dogecoin market manipulation this time
Musk seems to have developed quite an interest in cryptocurrency, and Tesla even purchased $1.5 billion worth of Bitcoin earlier in February. Even before stating that he is a supporter of Bitcoin, Musk often made comments about Dogecoin, a cryptocurrency that was created as a light-hearted parody of Bitcoin. Musk has also talked about launching mining rigs for the meme crypto coin with his children. While Musk’s mentions of Dogecoin most often come in the form of memes and jokes, they can still have a noticeable impact on the DOGE market. Now, according to First Squawk, the SEC is concerned about Musk’s tweets on Dogecoin.
However, Musk does not seem to be concerned. In a response to a tweet about the SEC’s rumored investigation, he responded: “I hope they do! It would be awesome”.
Wolfram Blockchain Labs (WBL) and TQ Tezos are proud to announce the integration of Tezos to WBL’s distributed ledger technology (DLT) platform. The Tezos blockchain is now fully integrated into the Wolfram Language and Wolfram|Alpha, giving easy programmatic access for developers working on blockchain analytics and computational contracts.
WBL and TQ Tezos have also developed an oracle to provide Wolfram Alpha data to Tezos smart contract developers. Additionally, TQ Tezos has utilized Nomadic Labs’ Mi-Cho-Coq formal verification framework to ensure that the oracle contract exhibits the same predictable behavior each time it is called.
This collaboration is the latest in WBL’s growing suite of functionality for blockchain reading, writing, and analysis. WBL now hosts Tezos nodes in their high-performance cluster, providing direct connections for smooth Wolfram Language integration on desktop (Mathematica) and cloud (Wolfram Cloud). Wolfram has long had a particular focus on enabling oracles and smart contract services, which are made much more secure on Tezos via formal verification.
The goal of the pairing is to provide developers using the Tezos blockchain with a simplified path to smart contract deployment. In addition, Wolfram’s expansive knowledgebase and algorithmbase (which power Wolfram|Alpha) can reliably deliver computational facts for oracles on Tezos. This opens up a range of new, secure functionality that can be easily incorporated into blockchain applications.
WBL has long had a particular focus on enabling smart contracts, which are made much more secure on Tezos by more easily facilitating formal verification. Formal verification is a process that proves the correctness of properties of a smart contract to help mitigate the risks of bugs and other vulnerabilities. WBL collaborated with TQ Tezos to build up Wolfram Language support for advanced functionality, making Tezos integration an easy and intuitive part of the Wolfram system.
Johan Veerman, CTO of WBL, said, “Tezos is an exciting third generation blockchain that features a number of services and functions that will expand what’s available to our developers. We’re thrilled to work with TQ Tezos on bringing the WBL ecosystem of tools to the Tezos blockchain.”
To get started using Tezos via Wolfram tools, start your free trial of Wolfram|One.
About Wolfram Blockchain Labs
Wolfram Blockchain Labs provides distributed ledger technology ecosystems with the tools necessary to assist in the development of a wide variety of smart, contract-based applications. Wolfram Blockchain Labs is the DLT-focused subsidiary of Wolfram Research, Inc., creator of Mathematica, Wolfram|Alpha and the Wolfram Language. Wolfram is the leader in developing technology and tools that inject sophisticated computational intelligence into everything.
About Tezos
Tezos is smart money, redefining what it means to hold and exchange value in a digitally connected world. A self-upgradable blockchain with a proven track record, Tezos seamlessly adopts tomorrow’s innovations without network disruptions today. To learn more, visit Tezos.com
The future of cryptocurrencies looks bright as an increasing number of investors are looking for alternative investment opportunities, but many remain hesitant because of the market’s extreme volatility. Crypto10 Hedged is an index fund that allows investors to own a portfolio of the top 10 cryptocurrencies with a single token (C10) while mitigating risk and volatility through its dynamic cash hedging algorithm.
C10 has performed exceptionally well since its inception in 2019, with the fund’s assets under management recently surpassing $8.5 million on the back of a red-hot rally for cryptoassets over 2021 to date, with the fund outperforming Bitcoin over the period. The dominant cryptoasset, Bitcoin, has seen tremendous growth over the recent bull run, surpassing its previous all-time high of $20k by over 150% to $52k. Alt coins such as ETH have yet to reach quite the same level of outperformance relative to their 2018 highs, however, they have been staging an impressive resurgence off the back of Bitcoins rally, contributing to the C10 fund’s performance.
The C10 fund follows a passive strategy with medium- to long-term investors in mind. It is the ideal option for those who are more risk-averse and looking for an all-weather approach to investing. The fund helps investors ride trends effectively – taking advantage of cryptocurrencies’ rapid price appreciation during bull markets, but reducing exposure during bear markets by increasing its cash position.
The index fund comprises the top 10 cryptocurrencies by market capitalization, which rebalances weekly – a frequency optimized by our quant team to enhance returns by locking in profits from surging assets, and similarly reducing exposure to assets in free-fall. There is also a cap of 15% per asset, which ensures further risk mitigation by preventing single cryptocurrencies from dominating the portfolio.
The weekly rebalancing process takes the dynamic cash allocation into consideration. By allocating cash weekly, the algorithm has the flexibility to be responsive to market movements. The fund is able to allocate up to 100% exposure to yield-bearing cash during periods of market drawdown, which effectively hedges the fund from this downside volatility. When the market stabilizes, the fund is reinvested into cryptocurrencies. This strategy is one of the main factors which makes the Crypto10 Hedged fund a safer investment – allowing investors peace of mind that is not typically associated with crypto investments.
The Crypto10 Hedged investment fund is open-ended and accessible via the Invictus Capital Investor Platform, which has the advantages of convenience and complete transparency. Investors do not have to trade through an exchange, and liquidity is available at any time to enter or exit the fund.
To invest in the Crypto10 Hedged fund, investors will follow a similar subscription and redemption process to that of traditional mutual funds. To buy the C10 token, you can visit the newly-redesigned Invictus Capital Investor Platform. The NAV of the fund is displayed in USD and is updated in real-time.
Frequently Asked Questions
Which data science techniques are used to rebalance C10?
C10’s cash allocation is rebalanced weekly by using a proprietary machine-learning algorithm that underwent extensive backtesting. Apart from the main parameter, which is the total market cap, it considers many factors in portfolio construction such as mean-variance through correlations paired with risk parity analysis. The algorithm is also set up to consider specific inputs from the in-house Invictus Capital analyst team for qualitative traits. Lastly, it uses various market indicators to determine cycles, momentum and technical signals to determine optimal cash weightings. It is continuous in the learning process, continually comparing realized and forecasted performance.
What are the fees?
Ongoing costs include a 1.7% fee per annum for management, administration and custody. These are always reflected in the C10 token price displayed. A 0.5% fee applies for each subscription and redemption, to protect against scalping and arbitrage.
Which currencies can you use to invest with?
Investments into C10 can be made with Bitcoin (BTC), Ethereum (ETH), DASH, TrueUSD (TUSD), Tether (USDT), Mastercard, VISA or bank transfer. No minimum investment applies.
How to redeem my C10 tokens?
C10 tokens can be redeemed for their total value in ETH through the Investor Portal. The C10 smart contract holds liquidity for redemptions which are processed hourly. A forward-pricing model is used.
What are the smart contract details?
C10 is an ERC-20 token issued on the Ethereum blockchain. The smart contract address is 0x000C100050E98C91f9114fa5Dd75CE6869Bf4F53, and there are 18 decimals. For further questions or more information, investors can talk directly to the Invictus Capital team on Discord or Telegram
Unifi Farms Beta Launches on Unifi Protocol to Pioneer No-Stake Farming
Unifi Protocol announces the launch of Unifi Farms. The most revolutionary part of Unifi Farms is there is no staking of the liquidity token required. The public beta launch of Unifi Farms V1 will take place on not one, not two, but six different blockchains at once.
Unifi is proud to announce the upcoming public beta launch of Unifi Farms V1 on Binance Smart Chain!
Unifi Protocol is not a clone of other DeFi projects, which has led to some very unique innovations. Unifi Farms will continue this tradition of shattering expectations and introducing features on Unifi Farms not being offered anywhere else in DeFi!
Unifi Farms will have several advantages over old-fashioned DeFi farms. The one that will likely be the most revolutionary with Unifi Farms is there is no staking of the liquidity token required! Welcome to the world of true auto-farming on Unifi, where we refer to it as No-Stake Farming.
Why is farming without staking so revolutionary?
Savings! Everyone agrees the high network fees on Ethereum have a large impact on the farming rewards earned by liquidity providers. Even on low cost networks such as Binance Smart Chain, the network fee is a cost that reduces the benefit of farming.
To participate in most farms, the user pays at least five network fees. First – provide liquidity, second – stake the liquidity token in the farm, third – claim the reward, fourth unstake the liquidity token, fifth – exchange the liquidity token back into the original liquidity.
Unifi Farms only requires two network fees. First – Provide Liquidity, Second – exchange the liquidity token back into liquidity. You may choose to claim Unifi Farm rewards at any time, as often as you like, which does cost an extra network fee. But that is optional with Unifi. You may choose to let the rewards grow until you remove the liquidity, which will automatically claim your rewards with no extra network cost!
Security! We believe that hacks are a prevalent and unfortunate trend in the DeFi space. They demoralize potential users from participating in different projects and create anxiety for almost everyone involves. The largest risk of staking your liquidity tokens is that those tokens leave your wallet and go to the DeFi platform’s contract. This puts digital assets at high risk. Unifi Farms does not require you stake your liquidity provider tokens at all. Which means they stay in the best possible place – your wallet! Unifi Farms does not take liquidity tokens, never has control over your liquidity tokens, may not transfer or lose them, or even have them stolen. Because you keep them securely in your wallet the entire time. Who do you trust the most with your liquidity tokens, the farming platform, or yourself?
Convenience! There are no extra steps required to have your liquidity earn more rewards through farming! Depositing liquidity on Unifi already earns you a share of the trading fees in that pair. Now with Unifi Farms, earn even more with no additional staking action needed. Your liquidity automatically qualifies for available farming rewards. All you have to do is claim.
It is that simple. Provide liquidity, earn farming rewards. No staking of LP tokens required.
Let’s break it down even more:
Deposit liquidity and automatically earn rewards on top of rewards. This suggests zero transaction fees to start farming – there is no need to stake or unstake any tokens to start earning rewards. Security is a huge differentiator for Unifi Farms. Unifi Protocol never takes possession of your LP (Liquidity Provided) token at any time. They stay in your wallet the whole time, which means you may claim your UP or withdraw your liquidity at any time. Unifi Farms is non-custodial.
Beta Launch Promotion Event
The initial public beta launch of Unifi Farms is a promotional event that will commence in the very, very near future and run for 2 weeks only. At this time, there is no commitment from Unifi for farming rewards beyond this promotional event, although it is possible future support will be announced.
In order to participate in this opportunity, it is recommended to deposit liquidity now so that when the promotion begins, you will automatically begin earning farming rewards. It’s probable that the highest yield farming rewards will be earned by early liquidity providers. See below for how to participate.
Make sure to follow Unifi Protocol social media channels for announcements regarding the beta launch of Unifi Farms.
About Unifi Protocol
Unifi Protocol is a group of non-custodial, interoperable smart contracts linking multiple blockchains together into one large DeFi marketplace. uTrade is the working proof-of concept trading platform for harnessing multi-chain swaps and liquidity mining to power UNFI, Unifi’s Global Governance Token. Unifi Protocol also features cross-chain swaps, sustainable utility, a strong rewards infrastructure. The tokenomics of Unifi Protocol balances an increasingly popular multi-chain liquidity farming platform.
Konstantin Anissimov, Executive Director at CEX.IO
BTC/USD
BTC/USD opened the trading session of 25th February at 49,676, and it closed above 50,500 in the first hour. Later on, until 09:00 UTC, BTC/USD was going sideways, keeping for the most time between the level of the session open and 50,500. BTC/USD took a slight dive to 49,000 between 09:00 and 10:00 UTC, with the hour’s lowest point being at 48,700 as per the CEX.IO pricing, but rebounded rather quickly in the next hour and continued upwards until 13:00 UTC, getting to 51,500.
A shooting-star hourly candlestick reached up to 52,168 between 13:00 and 14:00 UTC but created some selling stimulus, which eventually led to a bearish intraday price wave from 14:00 to 22:00 UTC. After closing the 17:00 hourly candlestick below the 50-period hourly simple moving average at 49,592, BTC/USD continued sideways until 20:00 UTC. Between 20:00 and 22:00 UTC, the pair travelled down to the 4.236 Fibonacci retracement level at 48,051.
BTC/USD has stagnated after rebounding above 48,000 and may need more buying volumes to break above the upper boundary at 51,000 of this flat corridor. The pair is still on the bullish course, and the buying sentiment is still very present. And the buying volumes placed around the 4.236 Fibonacci retracement level will likely play a key role in creating the necessary bullish momentum for BTC/USD to break above 51,000 and head back to 58,000, which then will be a rather clear target.
In case a breakdown to 46,000 takes place, there will be more substantial buying volumes that may lead to a double-bottom pattern that may get hard to break for the sellers. We thus continue to keep a moderately bullish stance on BTC/USD, with the current target at 57,111.
ETH/USD
ETH/USD started the trading session of 25th February at 1,628.1 and, after climbing to 1,650 in the first hour continued sideways until 17:00 UTC. In that time, ETH/USD was mainly keeping between 1,600 and 1,650, and in the hour of 17:00 the selling volumes managed to push and close the pair below 1,600, which had been unsuccessfully attempted twice before in the day.
After breaking down below 1,600, ETH/USD continued slipping down at a low angle until 21:00 UTC, but at that point the selling pressure grew once again and drove the ETH/USD treading pair below 1,550.
These downside dynamics still do not put an end to the ETH/USD uptrend, since the pair’s current low on the daily timeframe is well above the previous one at 1,100.3 based on the CEX.IO pricing. And the pair still keeps above the 50-day simple moving average, which is another sign of an unfinished uptrend.
A breakdown below the 50-day SMA can increase the selling pressure behind ETH/USD and increase the chances of a downside reversal. However, there are going to be substantial buying volumes placed in the area of 1,440 – 1,500, which should create some countertrade momentum that might prevent ETH/USD from going yet lower for a while.
Bitcoin was introduced no more than a decade ago, while gold has been in the investment field as far as human history goes. Despite being an ancient go-to commodity gold has been left behind by bitcoin in many aspects. Bitcoin took a boost once again, right with the start of 2021, by hitting a new all-time high of $34,000. Therefore, bitcoin is most likely to outperform gold in investment portfolios throughout the year 2021.
Bitcoin and gold are seen as sources of investment along with safety from economic and political turmoil. These commodities act as safe havens especially when it comes to unbridled expansion and devaluation of major currencies, for example, the US dollar.
There is no doubt that both Bitcoin and gold will continue to be used for preserving portions of wealth by the investors. But, Bitcoin tends to offer a few more benefits than Gold. These inherent advantages are the reason why Bitcoin succeeded in outperforming Gold.
The question arises, from whom does this investment demand comes? Traditionally the demand usually comes from investors who require a unique asset with the following qualities:
Whose supply is limited.
Which can be easily bought and sold.
Which is accepted worldwide (universal).
Which is a stable source of storing wealth, even when there are threats from economic and political turmoil.
It is a fact that both Bitcoin and Gold fulfill all the requirements mentioned above, and there is no doubt that investors will keep buying both the commodities in order to protect their portfolio and diversification. But once again, Bitcoin is most likely to keep staying a step ahead of Gold.
Reasons why Bitcoin will win this race
To understand these reasons, we will have to do a side-by-side study of both Bitcoin and Gold. To help you understand, here is a complete Bitcoin Vs Gold comparison.
The limited supply of Bitcoin and Gold
The reasons behind the limitation in the supply of both Bitcoin and Gold are different. The production of Gold is a very difficult and labor-intensive task. Moreover, it takes a long time for it to be available for the investment, and it is also restricted to the geographical areas where there are resources of the Gold present. All these factors make up the limited supply of Gold. But, according to some futurists, the supply can and will be outpaced in the future, because humans will start mining Gold from other planets or asteroids. Just like Gold, Bitcoin also comes through mining. But this mining is quite different than Gold mining. Bitcoin mining does not need too many human resources and capital to be mined. So how is the supply of Bitcoins going to stay limited? Here’s how. The Bitcoin supply is limited, and Bitcoins are only 21 million in number. 99% of which will be mined in the next two decades. After the 99% is mined, the rest 1% Bitcoins will take around 100 years to be mined. After this, it will be the end. Bitcoins will not be available anymore and that’s a win-win for the investors.
Easy buying and selling
Anyone can buy Gold easily, in several different forms i.e. jewelry, bricks, or nuggets. Moreover, exposure to Gold’s price is also achievable through ETF or any investment fund. Sounds easy, obviously! But, it requires effort and time to buy gold and also an investment account in order to buy ETF or a Gold fund. Also, there is kind of an age restriction for buying Gold. On the contrary, for buying Bitcoins all you need is a Bank account and an application (App). Every person, who has a mobile phone, regardless of his age can easily buy Bitcoin. Older people are not so savvy regarding technology, but as time is passing they are also learning.
Widely accepted exchange medium
There is no lie in saying that Gold is accepted almost everywhere as an exchange medium. But would someone accept Gold instead of currency? Let’s be honest, can you buy something you like online or in a store by offering Gold? Of course, you cannot. On the contrary, Bitcoin is accessed by all our electronic devices, and the use of Bitcoins as a currency is also starting. Don’t you think it will be easier to pay through Bitcoins instead of offering Gold?
Stable source of storing wealth
People have been using Gold to keep their wealth stored because it has been a common belief that Gold will always serve them right at times of turmoil is happening. This might be true but, how is someone supposed to keep all that Gold, and how can someone carry Gold around? And most importantly how can Gold help in everyday transactions related to business? While on the other hand, Bitcoin is free of such questions and charges. You can carry it around in your very own smartphone.
The bottom line
There is no doubt that Bitcoin trading we can offer investors a wider range of benefits, but the volatility of this cryptocurrency makes it harder to find reliable entry points. This property makes Bitcoin a very good asset for trading rather than investing in it. Even with this point cleared, one must trade Bitcoin, but not without all the tools for risk management.
Bitcoin trading might be the next Gold. As the CEO of ironfx.com, says,
“We’re seeing it emerge as a part of the recommended allocation strategy for institutional investors and investment banks. This underlines just how important this asset has become in the world of investing. Right now, we are seeing a dramatic increase of new retail customers entering the market on a daily basis… Bitcoin is about to become gold for the 21st century.”
We will only know the true winner with the passing time, but the predictions are mostly in favor of Bitcoin. Bitcoin is becoming a go-to commodity for the next generation, and its making progress with every passing day because of the new people who are joining the market daily.
If you want to earn some quick profit, Bitcoin might be a good investment to invest or trade on. On the other hand, if your goal is the diversification of your portfolio and you want to trade in a traditional asset, then Gold is the better choice for you.
After 12 years of existence, it was about time for crypto to be recognized as it deserves. Step by step, blockchain technology made its way to public institutions after it conquered vendors and business enthusiasts.
With all the issues that came with bank services, no wonder people are so hyped over the idea of crypto payments – which provide users with data and financial security.
Tokenization in particular got its spotlight due to all the solutions they offer in terms of fair payments, loans, and votes.
And to bring the crypto area one step forward, a dedicated team developed one of the most intriguing utility tokens that will forever change the way we see crypto – the STC token, available on its dedicated ICO since February 1st.
What is an STC token?
STC is the core utility token of the Student Coin blockchain project – that makes possible the creation of personalized tokens without strong technical knowledge.
Having an account on the platform allows you to create:
Personal tokens – unique assets tied to a single account;
Startup tokens – assets that help you take a step forward to your dreams;
Corporate tokens – unique assets dedicated to a single company;
DeFi tokens – assets that allow you to perform various bank activities without the intervention of third parties;
NFT Tokens – transferable tokens that make possible the switch between platforms.
All these tokens are valued based on the STC Token, and they can be used for exchanges, trades, even crowdfunds.
Why is the STC token special?
The thing that makes the STC token superior to other tokens is its focus on the most important people in the world’s economy – students.
They are the next generation of employees, which will mark the success of current and future companies. To give people the chance to better education, there’s a need to make university programs more accessible.
But it’s not that easy. Reducing tuition fees will lead to a lower budget to afford qualitative researchers, teachers, programs, international collaborations, and so on.
Until now, the solution was bank loans. However, with our unpredictable economy, people lost trust in bank services. And who can blame them?
Therefore, Student Coin’s team came with a solution that decentralizes student loans – crowdfunding with personal tokens.
How does it work?
The future student creates its personal token. This token is put on the Student Coin market. The STC holders purchase the tokens until the student receives the money needed for tuition. After the student graduates and finds a job, a part of his salary will be locked to pay the loan. The STC holders receive a cyclical profit payment for their involvement.
This project is sustained by over 500 top universities worldwide, including Harvard University, the University of Manchester, and the University of Copenhagen.
A simple way for students to get the funds they need to achieve their dreams. At least, that’s the main focus, but this process can also be done for visionary entrepreneurs.
And that’s not the only reason why Student Coin studs out. Holding STC tokens give users the chance to vote in the project’s development and even sign petitions if they’re needed. It’s an entire ecosystem created to give people what they need and raise the utility of cryptocurrencies.
How can you buy STC tokens?
To get your STC tokens as soon as possible, make sure you don’t miss the Student Coin Launchpad ICO, available until April 30th.
Although it started just 23 days ago, the team already raised $2 million worth of STC tokens and completed 35 phases.
Every phase finished till now had a hard cap of 100K USD, and the price increased by 0.0002 USD with every reloads.
Joining the ICO doesn’t just give you access to these tokens in advance, but it also gives you additional assets.
If you recommend the ICO to your friends and send them a unique referral link, you can earn 20% of ETH invested by every friend of yours, alongside 30% of their STC purchases.
Your friends also get an additional 5% of STC purchased.
And that’s what we call a fun activity!
Who is behind Student Coin?
Student coin is backed by a dedicated team of 44 people from 12 different countries, ready to expand crypto usability and create solutions for the world’s needs. Among them, you can find the former CTO of IBM for Europe, for example, or the president of the Harvard University Club of Poland.
By the end of 2021, the team plans to develop and implement STC Exchange, STC Terminal, and even an STC App, alongside listing the token on major crypto exchanges.
So, if their innovative ideas caught your attention, join the ICO and make sure to follow them on social media to be up to date with their features.
The news of Tesla’s investment in Bitcoin was released earlier this month, and it had a big impact on the crypto market
According to an anonymous source, Coinbase helped Tesla in buying Bitcoin
Now, there are rumors about other major companies also investing in BTC
Coinbase is a popular and regulated cryptocurrency exchange in the United States. Although it’s known as one of the most popular platforms for retailt cryptocurrency investors, Coinbase also helps large firms to buy BTC and invest in cryptocurrencies. According to a report from The Block, Coinbase also helped Tesla with its blockbuster $1.5 investment in Bitcoin.
Tesla said that the goal of their Bitcoin investment was to diversify their portfolio and have the potential of better returns. Fiat currencies are depreciating due to the recent pandemic and the economic and monetary policies that governments around the world adopted to fight it. As a result, many major companies are considering buying safe havens like Bitcoin.
How did Tesla buy Bitcoin?
According to an anonymous source, Coinbase helped Tesla in buying Bitcoin, but Tesla and Coinbase are yet to confirm the report. According to the source, Coinbase facilitated the BTC investment for Tesla at the beginning of February, and the process took some days to complete. It was very similar to the process that Coinbase did for MicroStrategy’s investment in the king of cryptocurrencies. Coinbase’s technology allows clients to make large cryptocurrency purchases without making a big impact on the market.
The source who spoke to The Block also said that more than 5 Fortune 500 companies are using Coinbase’s services. Coinbase is a regulated exchange, and it might be the safest option for large firms to buy BTC.
Before the announcement of Tesla’s investment in Bitcoin, there were rumors about Elon Musk’s interest in buying BTC. With the price of BTC above $50,000, there’s no shortage of rumors about large companies entering the crypto space soon.
Corporate and institutional investments in Bitcoin can have a snowball effect and attract a massive amount of capital to crypto space. It can mean higher prices for BTC due to the simple rule of supply and demand. Whatever happens next, it’s hard to deny that now is a very exciting time for cryptocurrency fans and investors.
