Tag: Ray

Coinbase Puts Gnosis, Metal & Raydium on its Roadmap

by Blockchain News

U.S. Nasdaq-listed cryptocurrency trading platform Coinbase has updated its roadmap, adding two Ethereum-based altcoins, Gnosis (GNO) and Metal (MTL), and Solana-based blockchain project Raydium (RAY).

Gnosis builds decentralized infrastructure for the Ethereum ecosystem, a protocol designed to be a decentralized prediction market built on the Ethereum (ETH) blockchain.

Upon listing, Gnosis was up 5.43% in the last 24 hours. The live Gnosis price was trading at $143.10 with a 24-hour trading volume of $4,432,452.

Metal (MTL) is an Ethereum-based payment platform. Metal Pay allows users to register a free bank account and buy and sell over 50 cryptocurrencies. Metal’s price was $1.26 with a 24-hour trading volume of $14933541 during the intraday.

The third project goes to Raydium, an Automated Market Maker (AMM) and liquidity provider built on the Solana blockchain for the Serum Decentralized Exchange (DEX).

Raydium has the first-mover advantage as an AMM within Serum and will be an integral part of bringing new and existing projects and protocols into the ecosystem.

Coinbase’s latest move triggered RAY to surge 10% from $0.86 to $0.95.

In order to Increase transparency for new asset listings on Coinbase, Coinbase’s listing roadmap is a set of crypto projects that may be joining the exchange’s list of supported assets.

Image source: Shutterstock

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Billionaire Ray Dalio ‘impressed’ how Bitcoin survived the last decade

by Cointelegraph

Billionaire Ray Dalio gave another positive sentiment, saying he is impressed with crypto while classifying cash as “the worst investment.” 

In an interview with Yahoo! Finance, on December 17, the Bridgewater Associates founder stated that he thinks it’s “impressive” that crypto lasted without being hacked in the last decade.

“I think it’s impressive that for the last 10-11 years, that programming has held up. It hasn’t been hacked, and it has an adoption rate,” said Dalio.

He also mentioned that he owned some Bitcoin (BTC) and Ether (ETH), but when asked how much he owns, Dalio responded by saying that he doesn’t hold a lot of it: “I’m very big on diversification, and it’s a very small part of the portfolio.”

Back in 2020, Ray Dalio’s criticisms of volatility and lack of buyer protection for crypto have been the cause of alarm for many holders. He mentioned that Bitcoin is “not very good as a store-hold of wealth.” However, at the beginning of 2021, the billionaire did a 180 on Bitcoin, calling the asset “one hell of an invention.”

In an essay that Dalio published back in January 2021, he clarified that both crypto advocates and antagonists are looking at the same thing from different angles. He said that he understands that Bitcoin has its pros and cons.

Related: Senate hearing on stablecoins: Compliance anxiety and Republican pushback

The billionaire fund manager proceeded to point out that he views crypto “as an alternative money in an environment where the value of cash money is depreciating in real terms.” He added that he still thinks that “cash is trash” as he said in previous interviews.

“Cash, which most investors think is the safest investment is, I think, the worst investment.”

The billionaire’s answers show more positivity compared to his previous statements that the United States may ban Bitcoin and that he would choose gold over bitcoin back in August which was dubbed by the community as FUD.

On March 25, Dalio stated that it’s likely that Bitcoin may be outlawed the way gold was outlawed under some set of circumstances. He cited the gold ban in the 1930s as an example saying that this may also happen to Bitcoin. During those times, the government didn’t want gold to compete with fiat because things may go “out of control,” Dalio said.