Sky votes to remove Wrapped Bitcoin as collateral amid community concerns

Sky, formerly MakerDAO, decided to remove the usage of Wrapped Bitcoin (WBTC) as collateral for borrowing through a governance vote concluded on Sept. 19. BA Labs, the former Risk Core Unit, was named stability advisor for the process.

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DeFi lending protocol Sky to drop wrapped Bitcoin after governance vote

The vote was passed with 88% in favor of offloading WBTC collateral from the Sky lending platform. 

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DeFi Lender Sky Ratifies Plan to Offboard Wrapped Bitcoin, Due to Sun Concerns

The matter has been closely followed in crypto markets, since the Sky platform has $200 million of loans collateralized by the token, and since WBTC is one of the biggest cryptocurrencies, with nearly $10 billion outstanding.

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Sky mulls cutting support for wBTC over Justin Sun affiliations

Sky, formerly MakerDAO, is evaluating the removal of Wrapped Bitcoin from SparkLend over concerns about its ties to Justin Sun. Sky is considering removing Wrapped Bitcoin (WBTC) as collateral from its decentralized finance platform SparkLend, citing concerns about the token’s…

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DeFi Lending Giant Sky Sets Vote to Offload Wrapped Bitcoin as Justin Sun Concerns Linger

The action could impact $200 million of DeFi loans in the Sky ecosystem should the proposal pass.

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Bitcoin (BTC) to Drop to $50,000?

Bitcoin's rise to $58,000 pushed sentiment on market sky high, but reality might end up being cruel

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'Kiss of Death' on DXY Might Push Bitcoin (BTC) to Sky

Two assets are heavily tied to each other, and things might change now

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Andrew Tate Caught With Entire Bitcoin Supply? Media Flubs Report of Influencer’s Arrest

According to prominent news organizations, including the BBC and Sky News, Tate apparently possesses around 21 million Bitcoin, which is close to $600 billion at the current market price. This would be the approximate combined wealth of Forbes' three richest put together: Elon Musk, Bernard Arnault & family, and Larry Ellison.

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$100K Bitcoin Price Next For Standard Chartered Bank After Ringing Crypto Winter Dead

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Scaramucci believes bitcoin bear market is gone

According to Sky capital founder Anthony Scaramucci, bitcoin's bear market is gone and it was time for bulls. This comes after several other bullish predictions have been made on BTC.

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As Bitcoin reclaims $20k, can BTC traders drive bulls to aim for the sky

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice. The downtrend from November was still in play for Bitcoin [BTThe post As Bitcoin reclaims $20k, can BTC traders drive bulls to aim for the sky appeared first on AMBCrypto.

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Bitcoin Hash Rate Jumps To Sky As BTC Falls Below $25k

Hash rate plays a vital role in every Proof-of-Work (PoW) blockchain. It measures the computational drive for all transaction verification and block additions to the network. Hence, the Bitcoin hash rate represents the number of people involved in BTC mining.

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Bitcoin On The Moon

If there is a case for sending bitcoin to the moon, then it is this; to charge those who look to the night sky with the task of imagining a more just world.

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Bitcoin to the sky: Emirates to accept BTC payments and launch NFT collectibles

Emirates is embracing new technologies such as the metaverse and NFTs to expand its reach, according to chief operating officer Adel Ahmed Al-Redha.

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The Sky Is Not Falling: Why The Bitcoin Price Doesn’t Matter

The recent bitcoin price action demonstrates that it’s time for a more grown-up culture of building, development and adoption around Bitcoin.

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IMF Warns Bitcoin, Ethereum, Cardano, Solana Booming Prices Poses New Challenges To Financial Stability

IMF Concerned Over Bitcoin, Ethereum, Cardano, Solana Sky High Prices, Warns Crypto Poses New Challenges To Financial Stability The IMF has warned of risks posed to world economies by the growing adoption of cryptocurrencies.

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Assessing an investment in Bitcoin post-China's latest 'ban'

The sky is blue. Water is wet. China is banning Bitcoin.  While some new investors were petrified, as can be inferred from the minor dip in prices, a majority of the community remained unscathed bThe post Assessing an investment in Bitcoin post-China's latest 'ban' appeared first on AMBCrypto.

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Bitcoin price prediction: sky is the limit after the weekend breakout

The Bitcoin (BTC/USD) price launched higher on Monday as the consolidation phase came to an end. The coin jumped to more than $51,000, pushing its total market capitalization to more than $972 billion.

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JPMorgan Concerned Over Ethereum, Cardano, Solana Sky High Prices, Warns Crypto Markets Are Looking ‘Frothy’

Bitcoin, Ethereum, Cardano, and Solana are leading the onslaught with their recent gains in prices even as the crypto market reached $2. 3 trillion in capitalization yesterday. Altcoins now control 59% of total market capitalization from just 22% at the beginning of August.

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How to Play Axie Infinity: Ultimate Beginner’s Guide

Axie Infinity, a play-to-earn game inspired by the popular video game franchise Pokemon, was released in 2018 by Vietnamese developer Sky Mavis. Check out our detailed guide. In recent years, the word “Blockchain” has been on everyone’s lips, thanks in large part to Bitcoin and other cryptocurrencies.

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‘Bitcoin Has No Real Use Case’: Federal Reserve Bank of Minneapolis President Neel Kashkari Trashes Crypto Market

Bitcoin has no real use case according to the Minneapolis Federal Reserve Bank President Neel Kashkari. Speaking at the Pacific Northwest Economic Regional Annual Summit in Big Sky in Montana, Kashkari said crypto is 95% fraud, hype, and confusion.

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Bitcoin At $100,000: Estimating The Chance Of Six Figure BTC In 2021

Bitcoin price (BTC) reached a new all-time high this week, soaring to almost $65,000 on Wednesday the 14th of April. With Bitcoin’s price now in “blue sky territory” and its market cap sitting comfortably around the $1.

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Sky High Bitcoin and Ethereum Fees: While Prices Jump the Cost to Transfer Follows Suit

While a number of digital currencies have seen price gains the two leading crypto assets, bitcoin and ethereum have seen transaction fees skyrocket. For instance, data shows that the median fee for a bitcoin transaction is $8.

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What’s Next for Bitcoin, Now that It Broke Through $20,000?

The sky's the limit for the largest cryptocurrency.  But where we go to next in the short-term, that’s the next question in everyone’s mind because now no technicals are there to guide the market.

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The “Sky is the Limit” for Bitcoin as Weekly Close Shatters the Bear Case

Bitcoin has seen some incredible strength throughout the past couple of weeks, with the confluence of a strong market structure and an undercurrent of positive developments both helping to drive it higher.

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Bitcoin not dependent on Options market for bullish rally

After Bitcoin reached $10,000 on May 7th, for a brief moment, the BTC community felt the like sky was the limit for the largest digital asset. After surging past key resistance in April, Bitcoin seemeThe post Bitcoin not dependent on Options market for bullish rally appeared first on AMBCrypto.

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Silk Road Founder Ross Ulbricht: 'The Sky is the Limit' for Bitcoin

Writing from prison, Ross Ulbricht predicts the third wave of Bitcoin may result in prices rarely dropping below $20,000

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Bitcoin Crash Doesn’t Affect Stock-to-Flow Model Prediction

Even though Bitcoin has declined in price almost 26% since February 13th, this pullback does not signal the end of the Stock to Flow (S2F) price model.   The sky is falling, should we be worried? Bitcoin’s S2F model is a long-term prediction which takes data from the previous Bitcoin halving events and calculates a range where prices are likely to follow in the future.

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This One Trillion Dollar Factor Will Boost Bitcoin Sky High In the Long Run

Thanks to its hard monetary policy and lack of national affiliation, Bitcoin has been described by many as the perfect hedge against global economic uncertainty. Around the world, the questionable policies of central bankers create new reasons for people to turn to the cryptocurrency every day.

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BTC and Quantitative Easing: What’s the Correlation to Crypto?

Unconventional monetary policy is rife within the U.S. right now, and a step toward quantitative easing seems inevitable; BitMEX CEO Aurther Hayes believes this will send Bitcoin sky high, but will it?

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Study Suggests Scarcity Could Drive Bitcoin Price to $60,000 by May 2020

Bitcoin price predictions have been coming thick and fast in recent months as the world’s top digital asset recovers from an almost year-long bear market. Some are just pie in the sky, but others have delved deeper into what could drive BTC prices to a new all-time high in the months ahead.

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Dark web dealer made to forfeit millions in cryptocurrency gets 70 months in the slammer

A drug dealer ordered to forfeit millions of dollars in cryptocurrencies such as Bitcoin, Ethereum, and Monero, has been sentenced to 70 months in prison for distributing drugs including carfentanil and fentanyl.

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Novogratz on Near-Term BTC Consolidation: ‘Trees Don’t Grow to the Sky’

By CCN: Mike Novogratz’s expectation for bitcoin price consolidation is starting to look more feasible since BTC abruptly took a dive today. The high-profile trader believes bitcoin is poised for near-term consolidation to a narrow range despite recent market momentum.

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This Gallery Is Selling Indigenous Australian Art for Bitcoin

Things you can buy with bitcoin: AT&T’s services, airfare, pretty much anything using gift cards through Bitrefill, pizza, drugs (duh) and now, Indigenous Australian art.

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Next Bitcoin Boom Likely To Be “Awe-Inspiring”, Six-Digit BTC Entirely Possible

Next Crypto Rally To Be Absurd The sky’s the limit — that’s what Bitcoin (BTC) enthusiasts want to desperately believe anyway. As the cryptocurrency market has finally broken out of its bear market shell, rallying.

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$25,000 Bitcoin Price Next for Perma-Bull Tom Lee after Ringing Crypto Winter Dead

By CCN: Fundstrat CEO Tom Lee says the ‘crypto winter’ is finally over, offering 13 solid reasons to back up his claim. According to the bitcoin perma-bull, there’s nothing but blue sky between here and his $25,000 price prediction.

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Twitter’s Stock Could Feel More Love if Jack Dorsey Would OK Crypto Ads

By CCN: Twitter needs to update its restricted content policies for financial products and services as it relates to crypto. The company is behind the times now that Facebook has decided to loosen up about the market.

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Recent Rise in Bitcoin (BTC) Price Pushes Secondhand Used Mining Rigs Costs Sky High

The market is moving quickly to take advantage of the increasing price of Bitcoin. April has been great to anyone who is mining Bitcoin, but those who were thinking to get into the game right now are claiming that prices are getting ridiculous.

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“Bye Gold, Buy Bitcoin”: Grayscale Urges Investors to Drop Gold for BTC

Grayscale Investments is weighing in on the gold versus bitcoin debate. Its two sats? Drop the bars, buy the bits (and the dip). The Digital Currency Group off-shoot has launched a “Drop Gold” campaign that encourages investors to ditch the old asset for its digital counterpart, bitcoin.

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Ethereum Price Analysis: Is ETH Carving a Path to $200?

Bitcoin turned the screw on $5,300 today and notched a new 2019 all-time high at $5,352 on Coinbase. The ETH-USD pairing followed suit and the top altcoin now looks ready to have a go at $200. Ethereum Price Analysis: Market Review Earlier in the week, Ethereum price marched through the $155 resistance and on over the weekend the altcoin tackled the resistance level at $165.

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Not April Fools: Why the US Dollar Will ‘Print’ Bitcoin to $100 Trillion

Sky’s the limit for Bitcoin, whose market capitalization could reach $100 trillion when looking at the historic trends of the US dollar and the world’s most popular cryptocurrency side by side. Dollar’s Inflation is a Feature April Fools Day aside, the only predictable thing about the US Dollar is that its purchasing power will continue to drop.

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Crypto Debit Card Providers Are an Endangered Species

It’s hard finding a reliable way to spend your cryptocurrency. When BTC’s fees went sky high in 2017, many merchants were sent scurrying from the crypto arena and have yet to return. With the Lightning Network permanently six months away, and few established crypto payment gateways, crypto debit cards have become a popular means of […] The post Crypto Debit Card Providers Are an Endangered Species appeared first on Bitcoin News.

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Bitcoin Cash / USD Technical Analysis: Reaching For The Sky

BCH / USD Technical Analysis - Bitcoin Cash is looking bullish and it's close to hitting its 2019 trading high The post Bitcoin Cash / USD Technical Analysis: Reaching For The Sky appeared first on Crypto Briefing.

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Bitcoin playboy who ‘made it rain’ accused of HK$3M fraud

You might remember Wong Ching-Kit, the self-styled Bitcoin ‘millionaire’ behind last month’s outlandish publicity stunt, which saw thousands of dollars rain from the sky in one of Hong Kong‘s poorest neighbourhoods.

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Russian Bitcoin Mining Granny Is Bullish on the Industry’s Future

A residential block of red bricks stretches unambitiously under the freezing sky of Irkutsk, in the Russian province of Siberia. Inside, a series of small bitcoin mining machines are running on cheap electricity, as grandmother Valeriya’s family of domestic miners, a bullish bunch, stack up a potential fortune for the future.

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Bitcoin’s Pump Set for Primetime in 2019, but Ethereum (ETH) and Ripple (XRP) See Sky High Optimism

No one could deny that the crypto markets are suffering now. 2018 is about to end and the situation of the crypto market is dire. From its value of over $700 billion USD, the market is only slightly upward of $100 billion USD now.

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Hong Kong: Bitcoin ‘millionaire’ throws money from rooftop, gets arrested

A supposed Chinese cryptocurrency millionaire has been arrested after throwing stacks of HK $100 ($12) bills from the rooftop of a building in one of Hong Kong’s poorest districts. Self-styled Bitcoin millionaire Wong Ching-Kit announced the bizarre stunt via Facebook.

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QUOINE CEO Believes Bitcoin Will Sky Rocket To All Time High BTC Prices In Next 12 Months

With the anniversary of Bitcoin’s most substantial price coming soon, analysts and other market experts are constantly predicting what the digital asset will do next. Mike Kayamori, the CEO of QUOINE, believes he knows exactly the pattern that Bitcoin is on, though he doesn’t see the trajectory mimicking last year’s spike until the end of […]

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International Sky Group ICO

ISG tokens are released on the Ethereum platform using the ERC-20 standard, which is supported by most cryptographs. In addition to the release of the ISG token, during the ICO, it is planned to create its own blockchain ISG to support transactions within the ISG network.

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