Miami mayor aiming for ‘the most progressive crypto laws’

Francis Suarez, who has served as the mayor of Miami since 2017, wants to make the city the most attractive in the United States for those in the crypto and blockchain industry. In an interview with Forbes published Sunday, Suarez said lawmakers in Miami were looking into the policies of crypto-friendly areas like Wyoming and New York in an effort to promote regulatory incentives for crypto and blockchain in Florida. “[Miami is] making sure that we have the most progressive crypto laws,” said Suarez. “We want to make sure that we…

DeFi platform Premia goes live

The Anon Powered development team has announced today the launch of Premia, the latest decentralized finance (DeFi) options platform live on Ethereum.  In an interview with Cointelegraph, the group of semi-anonymous developers behind Anon Powered — who collectively requested that they be referred to as “members of the Premia Republic,” the name for Premia’s forthcoming DAO — said that out of the gate users will be able to write, sell and exercise “American-style covered calls and puts,” which can be exercised prior to the option expiration date. Premia’s launch adds…

Mexico’s third-richest person changes Twitter bio to include Bitcoin

Ricardo Salinas Pliego, chairman at conglomerate Grupo Salinas and Mexico’s third richest person, is plugging Bitcoin on social media. The billionaire with an estimated net worth of more than $13 billion as of January changed his Twitter bio over the weekend to include the Bitcoin (BTC) hashtag. Crypto Twitter users and some of Salinas’ more than 840,000 followers reported noticing the change Saturday around the time the price of the crypto asset surged to more than $40,000 for the first time in 23 days. Welcome @RicardoBSalinas to the #bitcoin community.…

BTC, DOT, LINK, XLM, THETA

Bitcoin (BTC) has attracted several institutional investors in the past few months, but with the market capitalization sustaining above $700 billion, many more institutions are likely to contemplate buying Bitcoin. Similarly, Ether (ETH) with a market cap of about $180 billion also cannot be ignored by the investors.  The institutional adoption of the top two cryptocurrencies is likely to attract numerous venture capitalists and early investors into smaller projects that have gained a decent size but have not yet reached their full potential. Although the risk is high in such…

Robinhood and GameStop proved we need a new financial system

King Midas is most famously remembered through the fable we tell our kids that the king could turn everything he touched into gold. At first, it was a great idea that his greed turned even food into gold, leaving him wealthy but unable to live.  Robinhood’s CEO and its board had the impossible King Midas dilemma this week: deciding whether to side with their customers and let them make over $15 billion in profits or halting trading and allow only the sale of GameStop (GME) to enable the money-hungry shorts…

Is Elon just messing with us over DOGE?

Elon Musk, the billionaire founder of Tesla and SpaceX, has touted the revolutionary impact of cryptocurrencies – while seemingly poking fun at the concept in the same breath. In a video that was uploaded by Kevin Svenson, Musk can be heard saying, “there is a good chance that crypto is the future currency of Earth.” How ironic would it be if Dogecoin (DOGE), the coin invented as a joke, wins out in the end, Musk pondered. Elon Musk talks about $DOGE Coin(Released 4 Hours Ago)@elonmusk said “There is a good…

Snoop Dogg and Gene Simmons join Elon’s Musk’s ‘Dogecoin army’

Rapper Snoop Dogg and Kiss’ Gene Simmons have been both expressing their support for the “Doge Army” over the weekend alongside Tesla CEO Elon Musk. As a result, the cryptocurrency’s price has rallied once again by 27% on Feb. 7. DOGE is the native cryptocurrency of Dogecoin, which has become a household name in recent months. So … it’s finally come to this … pic.twitter.com/Gf0Rg2QOaF — Elon Musk (@elonmusk) February 7, 2021 Following the Gamestop and Robinhood saga, many traders rushed into the cryptocurrency market. DOGE was the first cryptocurrency that saw…

Crypto-friendly faces poised for positions in Biden administration

As the United States Senate begins confirming leadership posts across commerce and the treasury, there has been meaningful momentum in the crypto community as a response. This is due to the profiles of various individuals who have been reportedly nominated, as well as the anticipated economic measures by the coming administration — both of which are expected to nurture positive momentum for crypto growth. While a few official appointments have been made with numerous confirmations pending, others are still at the nomination stage. Let’s take a quick loop around the…

DOGE and XRP rally as pump and dumps sneak back into crypto markets

The rise of interest in cryptocurrencies amid Bitcoin (BTC) and Ether (ETH) bull runs often goes hand in hand with the proliferation of scams and manipulation schemes related to various altcoins. One of the main manipulation schemes running in the crypto markets is pump and dumps. These schemes artificially inflate the price of the asset to enable a select few to sell it at a higher price before it ultimately comes crashing down. What makes crypto markets more vulnerable to such schemes when compared with traditional equity markets is that…

Major correction for DeFi as Bitcoin rejected again above $40K: What’s next?

The decentralized finance or DeFi market saw a steep correction over the last 12 hours as Bitcoin (BTC) was unable to break the $41,000 level. Meanwhile, analysts say that the profits from major DeFi tokens are flowing back into Bitcoin, even though the DeFi market is still lagging behind despite BTC’s recovery over the past week. 1-hour candle DeFi index (Binance). Source: TradingView.com So what’s next for the DeFi market? Both major bluechip DeFi tokens and small market cap cryptocurrencies are struggling to recover against Bitcoin over the weekend. Typical…