{"id":391,"date":"2021-06-03T04:18:42","date_gmt":"2021-06-02T20:18:42","guid":{"rendered":"https:\/\/blog.tokenize-dev.com\/newsletter-vol125\/"},"modified":"2021-07-08T15:13:20","modified_gmt":"2021-07-08T07:13:20","slug":"newsletter-vol125","status":"publish","type":"post","link":"https:\/\/tokenize-dev.com\/draft\/newsletter-vol125\/","title":{"rendered":"The Newsletter by Tokenize Xchange (Vol.125| February 2021)"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_62 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<label for=\"ez-toc-cssicon-toggle-item-67c168ce7dd73\" class=\"ez-toc-cssicon-toggle-label\"><p class=\"ez-toc-title\">Table of Contents<\/p>\n<span class=\"ez-toc-cssicon\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-67c168ce7dd73\" checked \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/tokenize-dev.com\/draft\/newsletter-vol125\/#What_To_Be_Expected_In_2021\" title=\"What To Be Expected In 2021?\">What To Be Expected In 2021?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/tokenize-dev.com\/draft\/newsletter-vol125\/#How_To_Enable_Two-Factor_Authentication_2FA\" title=\"How To Enable Two-Factor Authentication (2FA)\">How To Enable Two-Factor Authentication (2FA)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/tokenize-dev.com\/draft\/newsletter-vol125\/#Square_Buys_Another_170M_in_Bitcoin\" title=\"Square Buys Another $170M in Bitcoin.\">Square Buys Another $170M in Bitcoin.<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/tokenize-dev.com\/draft\/newsletter-vol125\/#You_Can_Now_Rent_This_Private_Island_Surf_Resort_for_1_Bitcoin\" title=\"You Can Now Rent This Private Island Surf Resort for 1 Bitcoin\">You Can Now Rent This Private Island Surf Resort for 1 Bitcoin<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/tokenize-dev.com\/draft\/newsletter-vol125\/#Bitcoin_Faces_Price_Turbulence_as_Market_Liquidity_Falls_Says_JPMorgan\" title=\"Bitcoin Faces Price Turbulence as Market Liquidity Falls, Says JPMorgan\">Bitcoin Faces Price Turbulence as Market Liquidity Falls, Says JPMorgan<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/tokenize-dev.com\/draft\/newsletter-vol125\/#Subscribe_to_Tokenize_Newsletter\" title=\"Subscribe to Tokenize Newsletter!\">Subscribe to Tokenize Newsletter!<\/a><\/li><\/ul><\/nav><\/div>\n<h1 class=\"ih ii fj as ij ik il im in io ip iq ir is it iu iv iw ix iy iz ja jb jc jd je bx\" data-selectable-paragraph=\"\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/s3-ap-southeast-1.amazonaws.com\/tokenize-client\/assets\/blog\/images\/ftRQVpMmVbIDROfyVkyNlAnIi4hDpFWy\" alt=\"Tokenize newsletter\" width=\"800\" height=\"118\" \/><\/h1>\n<h1 class=\"ih ii fj as ij ik il im in io ip iq ir is it iu iv iw ix iy iz ja jb jc jd je bx\" data-selectable-paragraph=\"\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/s3-ap-southeast-1.amazonaws.com\/tokenize-client\/assets\/blog\/images\/k7jNxSyacOdbGLh8LVyktxsA5LIyTXZ9\" alt=\"Tokenize newsletter\" width=\"800\" height=\"400\" \/><\/h1>\n<h1 id=\"cd7a\" class=\"ih ii fj as ij ik il im in io ip iq ir is it iu iv iw ix iy iz ja jb jc jd je bx\" data-selectable-paragraph=\"\"><span class=\"ez-toc-section\" id=\"What_To_Be_Expected_In_2021\"><\/span>What To Be Expected In 2021?<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p id=\"fb53\" class=\"jf jg fj jh b ji jj im jk jl jm iq jn jo jp jq jr js jt ju jv jw jx jy jz ka fb bx\" data-selectable-paragraph=\"\">2021 comes with so many opportunities and ideas. This year Tokenize Xchange is going to be extremely busy bringing drafted ideas to life with technology and our passion for crypto.<\/p>\n<p id=\"9d4d\" class=\"jf jg fj jh b ji kb im jk jl kc iq jn jo kd jq jr js ke ju jv jw kf jy jz ka fb bx\" data-selectable-paragraph=\"\">New updates are on their ways to you:<\/p>\n<ul class=\"\">\n<li id=\"6f20\" class=\"jf jg fj jh b ji kb im jk jl kc iq jn jo kd jq jr js ke ju jv jw kf jy jz ka kg kh ki bx\" data-selectable-paragraph=\"\"><strong class=\"jh kj\">March:<\/strong>\u00a0Tokenize Smart Chain based on Ethereum Network.<\/li>\n<li id=\"62f2\" class=\"jf jg fj jh b ji kk im jk jl kl iq jn jo km jq jr js kn ju jv jw ko jy jz ka kg kh ki bx\" data-selectable-paragraph=\"\"><strong class=\"jh kj\">May:\u00a0<\/strong>Tokenize Xchange UI upgrade.<\/li>\n<li id=\"e868\" class=\"jf jg fj jh b ji kk im jk jl kl iq jn jo km jq jr js kn ju jv jw ko jy jz ka kg kh ki bx\" data-selectable-paragraph=\"\"><strong class=\"jh kj\">The End of 2021:\u00a0<\/strong>Tokenize Chain based on Polkadot Network.<\/li>\n<\/ul>\n<p id=\"0490\" class=\"jf jg fj jh b ji kb im jk jl kc iq jn jo kd jq jr js ke ju jv jw kf jy jz ka fb bx\" data-selectable-paragraph=\"\">Look forward to an improved trading experience with Tokenize Xchange.<\/p>\n<h1 class=\"ih ii fj as ij ik il im in io ip iq ir is it iu iv iw ix iy iz ja jb jc jd je bx\" data-selectable-paragraph=\"\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/s3-ap-southeast-1.amazonaws.com\/tokenize-client\/assets\/blog\/images\/ltJLRaCEaLnfDV4KPZ2Uru0JpNFO05gY\" alt=\"Tokenize Newsletter\" width=\"800\" height=\"118\" \/><\/h1>\n<h1 id=\"05db\" class=\"ih ii fj as ij ik il im in io ip iq ir is it iu iv iw ix iy iz ja jb jc jd je bx\" data-selectable-paragraph=\"\"><span class=\"ez-toc-section\" id=\"How_To_Enable_Two-Factor_Authentication_2FA\"><\/span>How To Enable Two-Factor Authentication (2FA)<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p id=\"d950\" class=\"jf jg fj jh b ji jj im jk jl jm iq jn jo jp jq jr js jt ju jv jw jx jy jz ka fb bx\" data-selectable-paragraph=\"\">Two-factor authentication (or \u201c2FA\u201d) is a secondary security measure meant to verify your identity before login in. Tokenize Exchange encourages users to enable the 2FA to ensure that their account stays protected.<\/p>\n<p id=\"7e31\" class=\"jf jg fj jh b ji kb im jk jl kc iq jn jo kd jq jr js ke ju jv jw kf jy jz ka fb bx\" data-selectable-paragraph=\"\">Follow the guide below to enable 2FA.<\/p>\n<p id=\"2f9a\" class=\"jf jg fj jh b ji kb im jk jl kc iq jn jo kd jq jr js ke ju jv jw kf jy jz ka fb bx\" data-selectable-paragraph=\"\"><strong class=\"jh kj\">Step 1:\u00a0<\/strong>Select\u00a0<strong class=\"jh kj\">Settings<\/strong>\u00a0from your dashboard. Click on\u00a0<strong class=\"jh kj\">Two-factor Authentication<\/strong>. You will see this page.<\/p>\n<p class=\"jf jg fj jh b ji kb im jk jl kc iq jn jo kd jq jr js ke ju jv jw kf jy jz ka fb bx\" data-selectable-paragraph=\"\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/s3-ap-southeast-1.amazonaws.com\/tokenize-client\/assets\/blog\/images\/q6tr29aOBR7ZXpNe40zaDDtuvIgs3ZMO\" alt=\"Tokenize Newsletter\" width=\"800\" height=\"535\" \/><\/p>\n<p id=\"ec05\" class=\"jf jg fj jh b ji kb im jk jl kc iq jn jo kd jq jr js ke ju jv jw kf jy jz ka fb bx\" data-selectable-paragraph=\"\"><em class=\"lc\">Please be reminded to back up your Secret Key. Resetting your two-factor authentication requires opening a\u00a0<\/em><a class=\"cd ld\" href=\"https:\/\/tokenizexchange.zendesk.com\/hc\/en-gb\/requests\/new\" rel=\"noopener nofollow\"><strong class=\"jh kj\"><em class=\"lc\">support ticket<\/em><\/strong><\/a><strong class=\"jh kj\"><em class=\"lc\">\u00a0<\/em><\/strong><em class=\"lc\">and may take up to 7 days.<\/em><\/p>\n<p id=\"8260\" class=\"jf jg fj jh b ji kb im jk jl kc iq jn jo kd jq jr js ke ju jv jw kf jy jz ka fb bx\" data-selectable-paragraph=\"\"><strong class=\"jh kj\">Step 2:\u00a0<\/strong>Download\u00a0<strong class=\"jh kj\">Google Authenticator<\/strong>\u00a0on your mobile device.<\/p>\n<p class=\"jf jg fj jh b ji kb im jk jl kc iq jn jo kd jq jr js ke ju jv jw kf jy jz ka fb bx\" data-selectable-paragraph=\"\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/s3-ap-southeast-1.amazonaws.com\/tokenize-client\/assets\/blog\/images\/Dd1vSzbyBcJ3VIIL4FYT2ia8YVeGAxW3\" alt=\"Tokenize Newsletter\" width=\"800\" height=\"291\" \/><\/p>\n<p id=\"6b93\" class=\"jf jg fj jh b ji kb im jk jl kc iq jn jo kd jq jr js ke ju jv jw kf jy jz ka fb bx\" data-selectable-paragraph=\"\"><strong class=\"jh kj\">Step 3:\u00a0<\/strong>Open the Google Authenticator application.<\/p>\n<ul class=\"\">\n<li id=\"276c\" class=\"jf jg fj jh b ji kb im jk jl kc iq jn jo kd jq jr js ke ju jv jw kf jy jz ka kg kh ki bx\" data-selectable-paragraph=\"\">Tap on Begin.<\/li>\n<li id=\"43b2\" class=\"jf jg fj jh b ji kk im jk jl kl iq jn jo km jq jr js kn ju jv jw ko jy jz ka kg kh ki bx\" data-selectable-paragraph=\"\">Tap on Scan a barcode, or Enter a provided key.<\/li>\n<li id=\"1661\" class=\"jf jg fj jh b ji kk im jk jl kl iq jn jo km jq jr js kn ju jv jw ko jy jz ka kg kh ki bx\" data-selectable-paragraph=\"\">Scan the QR code or enter the Secret Key, provided in the page in Step 1.<\/li>\n<\/ul>\n<p class=\"jf jg fj jh b ji kb im jk jl kc iq jn jo kd jq jr js ke ju jv jw kf jy jz ka fb bx\" data-selectable-paragraph=\"\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/s3-ap-southeast-1.amazonaws.com\/tokenize-client\/assets\/blog\/images\/ZAOdhbKjC2SFa2oQ6Tfy1UvQBZXKuC2t\" alt=\"Tokenize Newsletter\" width=\"600\" height=\"1299\" \/><\/p>\n<p id=\"10cb\" class=\"jf jg fj jh b ji kb im jk jl kc iq jn jo kd jq jr js ke ju jv jw kf jy jz ka fb bx\" data-selectable-paragraph=\"\"><strong class=\"jh kj\">Step 4:\u00a0<\/strong>Once it is successful, you will see Tokenize on the Google Authenticator.<\/p>\n<p class=\"jf jg fj jh b ji kb im jk jl kc iq jn jo kd jq jr js ke ju jv jw kf jy jz ka fb bx\" data-selectable-paragraph=\"\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/s3-ap-southeast-1.amazonaws.com\/tokenize-client\/assets\/blog\/images\/bTDZVgKcEn1uMXdduTGPhO7tSFWbRBgB\" alt=\"Tokenize Newsletter\" width=\"600\" height=\"1299\" \/><\/p>\n<ul class=\"\">\n<li id=\"f22b\" class=\"jf jg fj jh b ji kb im jk jl kc iq jn jo kd jq jr js ke ju jv jw kf jy jz ka kg kh ki bx\" data-selectable-paragraph=\"\">The 6 digit code will be automatically generated. Note that the 6 digit code will\u00a0<strong class=\"jh kj\">always change<\/strong>.<\/li>\n<li id=\"fe17\" class=\"jf jg fj jh b ji kk im jk jl kl iq jn jo km jq jr js kn ju jv jw ko jy jz ka kg kh ki bx\" data-selectable-paragraph=\"\">Enter the 6 digit code as the Authenticator Code on the page in Step 1. Click on \u201cSend\u201d.<\/li>\n<\/ul>\n<p id=\"a165\" class=\"jf jg fj jh b ji kb im jk jl kc iq jn jo kd jq jr js ke ju jv jw kf jy jz ka fb bx\" data-selectable-paragraph=\"\">You will see a green notification at the top that an activation email has been sent to your email.<\/p>\n<p class=\"jf jg fj jh b ji kb im jk jl kc iq jn jo kd jq jr js ke ju jv jw kf jy jz ka fb bx\" data-selectable-paragraph=\"\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/s3-ap-southeast-1.amazonaws.com\/tokenize-client\/assets\/blog\/images\/pE2CimVNVi8UzObrcqUcapoU2cOaHYGb\" alt=\"Tokenize Newsletter\" width=\"800\" height=\"571\" \/><\/p>\n<p id=\"518b\" class=\"jf jg fj jh b ji kb im jk jl kc iq jn jo kd jq jr js ke ju jv jw kf jy jz ka fb bx\" data-selectable-paragraph=\"\"><em class=\"lc\">Note: If you encounter issues, please check that you sync the date and time on both devices with time servers over the internet.<\/em><\/p>\n<p id=\"2f55\" class=\"jf jg fj jh b ji kb im jk jl kc iq jn jo kd jq jr js ke ju jv jw kf jy jz ka fb bx\" data-selectable-paragraph=\"\"><strong class=\"jh kj\">Step 5:\u00a0<\/strong>You will receive an email.<\/p>\n<p class=\"jf jg fj jh b ji kb im jk jl kc iq jn jo kd jq jr js ke ju jv jw kf jy jz ka fb bx\" data-selectable-paragraph=\"\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/s3-ap-southeast-1.amazonaws.com\/tokenize-client\/assets\/blog\/images\/x9XK5hbxlWQgNJFZB69RKqjFij06eJ4Y\" alt=\"Tokenize Newsletter\" width=\"800\" height=\"397\" \/><\/p>\n<ul class=\"\">\n<li id=\"c82b\" class=\"jf jg fj jh b ji kb im jk jl kc iq jn jo kd jq jr js ke ju jv jw kf jy jz ka kg kh ki bx\" data-selectable-paragraph=\"\">Click on \u201c<strong class=\"jh kj\">Enable 2FA<\/strong>\u201c.<\/li>\n<li id=\"4e43\" class=\"jf jg fj jh b ji kk im jk jl kl iq jn jo km jq jr js kn ju jv jw ko jy jz ka kg kh ki bx\" data-selectable-paragraph=\"\">You will be directed to this page. Key in the 6 digit code generated on Google Authenticator and click \u201c<strong class=\"jh kj\">Send<\/strong>\u201c.<\/li>\n<\/ul>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/s3-ap-southeast-1.amazonaws.com\/tokenize-client\/assets\/blog\/images\/sFPKO1T4JsKi9Z2FKqk7ua9faqHnhb6C\" alt=\"tokenize newsletter\" width=\"800\" height=\"462\" \/><\/p>\n<ul class=\"\">\n<li id=\"cbf5\" class=\"jf jg fj jh b ji kb im jk jl kc iq jn jo kd jq jr js ke ju jv jw kf jy jz ka kg kh ki bx\" data-selectable-paragraph=\"\">After clicking\u00a0<strong class=\"jh kj\">Send<\/strong>, you have successfully enabled Two-Factor Authentication.<\/li>\n<\/ul>\n<p class=\"jf jg fj jh b ji kb im jk jl kc iq jn jo kd jq jr js ke ju jv jw kf jy jz ka fb bx\" data-selectable-paragraph=\"\"><strong class=\"jh kj\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/s3-ap-southeast-1.amazonaws.com\/tokenize-client\/assets\/blog\/images\/c7ujeoroQfRKeLavoF77ulx3VZF2KEKx\" alt=\"Tokenize newsletter\" width=\"800\" height=\"416\" \/><\/strong><\/p>\n<p id=\"c362\" class=\"jf jg fj jh b ji kb im jk jl kc iq jn jo kd jq jr js ke ju jv jw kf jy jz ka fb bx\" data-selectable-paragraph=\"\"><strong class=\"jh kj\">Log in with Two-Factor Authentication enabled.<\/strong><\/p>\n<p id=\"503c\" class=\"jf jg fj jh b ji kb im jk jl kc iq jn jo kd jq jr js ke ju jv jw kf jy jz ka fb bx\" data-selectable-paragraph=\"\">There will be an additional step in your login process, whereby you will be required to key in the Authentication Code which is generated by Google Authenticator on your mobile device.<\/p>\n<p class=\"jf jg fj jh b ji kb im jk jl kc iq jn jo kd jq jr js ke ju jv jw kf jy jz ka fb bx\" data-selectable-paragraph=\"\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/s3-ap-southeast-1.amazonaws.com\/tokenize-client\/assets\/blog\/images\/vlE1DJMuY9dpMWnlXx6LTSo803U9Tw1E\" alt=\"Tokenize newsletter\" width=\"600\" height=\"331\" \/><\/p>\n<h1 class=\"ih ii fj as ij ik il im in io ip iq ir is it iu iv iw ix iy iz ja jb jc jd je bx\" data-selectable-paragraph=\"\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/s3-ap-southeast-1.amazonaws.com\/tokenize-client\/assets\/blog\/images\/VKqtha3vKhTPCV6Xtap7V4yVGu8PbVSr\" alt=\"Tokenize Newsletter\" width=\"800\" height=\"118\" \/><\/h1>\n<h1 id=\"06cb\" class=\"ih ii fj as ij ik il im in io ip iq ir is it iu iv iw ix iy iz ja jb jc jd je bx\" data-selectable-paragraph=\"\"><span class=\"ez-toc-section\" id=\"Square_Buys_Another_170M_in_Bitcoin\"><\/span>Square Buys Another $170M in Bitcoin.<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/s3-ap-southeast-1.amazonaws.com\/tokenize-client\/assets\/blog\/images\/i8jMOr2OCGit1w2VDCRqTthLQ4qq9112\" alt=\"Tokenize Newsletter\" width=\"800\" height=\"516\" \/><\/p>\n<p id=\"6e0f\" class=\"jf jg fj jh b ji kb im jk jl kc iq jn jo kd jq jr js ke ju jv jw kf jy jz ka fb bx\" data-selectable-paragraph=\"\">Payments giant Square said Tuesday it had purchased an additional $170 million of bitcoin (BTC), adding to the stash it purchased in October.<\/p>\n<p id=\"0d72\" class=\"jf jg fj jh b ji kb im jk jl kc iq jn jo kd jq jr js ke ju jv jw kf jy jz ka fb bx\" data-selectable-paragraph=\"\">According to the payment processor\u2019s press release, the company added 3,318 BTC to its treasury for $170 million. Doing the math, that results in a per bitcoin purchase price of $51,235.70.<\/p>\n<p id=\"b665\" class=\"jf jg fj jh b ji kb im jk jl kc iq jn jo kd jq jr js ke ju jv jw kf jy jz ka fb bx\" data-selectable-paragraph=\"\">Unfortunately for Square, after setting a record high above $58,000 over this past weekend, bitcoin hit a recent low of $44,964.49 before rebounding to about $50,700 at press time.<\/p>\n<p id=\"4d07\" class=\"jf jg fj jh b ji kb im jk jl kc iq jn jo kd jq jr js ke ju jv jw kf jy jz ka fb bx\" data-selectable-paragraph=\"\">When Square\u2019s announcement was released, just after 4 p.m. In New York Times, the price of bitcoin was below $48,000, which means those 3,318 BTC were then worth less than $160 million.<\/p>\n<p id=\"fc45\" class=\"jf jg fj jh b ji kb im jk jl kc iq jn jo kd jq jr js ke ju jv jw kf jy jz ka fb bx\" data-selectable-paragraph=\"\">In disclosing it\u2019s lost more than $10 million on its latest investment in BTC, the company may inadvertently draw attention to an argument JPMorgan analysts made recently about why they think many companies won\u2019t follow in the footsteps of Square and others (Tesla, MicroStrategy) who\u2019ve added BTC to their treasuries: the cryptocurrency\u2019s volatility.<\/p>\n<p id=\"33e3\" class=\"jf jg fj jh b ji kb im jk jl kc iq jn jo kd jq jr js ke ju jv jw kf jy jz ka fb bx\" data-selectable-paragraph=\"\">The company made the announcement just before the release of its fourth-quarter earnings call that it had added to the 4,709 BTC it purchased in October 2020, which were worth $50 million at the time. Currently, that investment is worth $224 million and the company\u2019s total value of BTC (-2.76%) on Square\u2019s balance sheet is $394 million.<\/p>\n<p id=\"83df\" class=\"jf jg fj jh b ji kb im jk jl kc iq jn jo kd jq jr js ke ju jv jw kf jy jz ka fb bx\" data-selectable-paragraph=\"\">Square has $4.4 billion in total cash and securities, so the $220 million it spent on bitcoin is only 5% of its total liquid assets at the end of the fourth quarter.<\/p>\n<h1 id=\"4a3d\" class=\"ih ii fj as ij ik il im in io ip iq ir is it iu iv iw ix iy iz ja jb jc jd je bx\" data-selectable-paragraph=\"\"><span class=\"ez-toc-section\" id=\"You_Can_Now_Rent_This_Private_Island_Surf_Resort_for_1_Bitcoin\"><\/span><strong class=\"bc\">You Can Now Rent This Private Island Surf Resort for 1 Bitcoin<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p class=\"jf jg fj jh b ji kb im jk jl kc iq jn jo kd jq jr js ke ju jv jw kf jy jz ka fb bx\" data-selectable-paragraph=\"\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/s3-ap-southeast-1.amazonaws.com\/tokenize-client\/assets\/blog\/images\/2FiKaNqljYk7o5zZJdY8ZAK2MDU1IqOz\" alt=\"Tokenize newsletter\" width=\"800\" height=\"533\" \/><\/p>\n<p id=\"2c0c\" class=\"jf jg fj jh b ji kb im jk jl kc iq jn jo kd jq jr js ke ju jv jw kf jy jz ka fb bx\" data-selectable-paragraph=\"\">According to an announcement shared with CoinDesk on Monday, Beran Island Resort, located in the Marshall Islands, has begun accepting bitcoin as a form of payment in a bid to attract a \u201cyounger demographic.\u201d<\/p>\n<p id=\"4e72\" class=\"jf jg fj jh b ji kb im jk jl kc iq jn jo kd jq jr js ke ju jv jw kf jy jz ka fb bx\" data-selectable-paragraph=\"\">Surf explorers can book a journey to \u201cthe middle of nowhere\u201d with 15 of their friends and rent out the private island for 1 BTC, roughly $50,000 at press time, where they will have access to a top surf break, fishing and scuba diving.<\/p>\n<p class=\"jf jg fj jh b ji kb im jk jl kc iq jn jo kd jq jr js ke ju jv jw kf jy jz ka fb bx\" data-selectable-paragraph=\"\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/s3-ap-southeast-1.amazonaws.com\/tokenize-client\/assets\/blog\/images\/fH3i4EPCbGJX7APM4Mm3iQJVEsRIXjGg\" alt=\"Tokenize newsletter\" width=\"800\" height=\"533\" \/><\/p>\n<p id=\"e3bb\" class=\"jf jg fj jh b ji kb im jk jl kc iq jn jo kd jq jr js ke ju jv jw kf jy jz ka fb bx\" data-selectable-paragraph=\"\">This move is in line with the Sovereign Currency Act 2018, passed as part of the Marshall Islands\u2019 attempt to transition away from a reliance on the U.S. dollar.<\/p>\n<p id=\"f918\" class=\"jf jg fj jh b ji kb im jk jl kc iq jn jo kd jq jr js ke ju jv jw kf jy jz ka fb bx\" data-selectable-paragraph=\"\">The resort claims to be eco-friendly, with its energy supply coming from solar panels and wind turbines. It\u2019s also working with the government to create a shark sanctuary, according to the statement.<\/p>\n<p class=\"jf jg fj jh b ji kb im jk jl kc iq jn jo kd jq jr js ke ju jv jw kf jy jz ka fb bx\" data-selectable-paragraph=\"\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/s3-ap-southeast-1.amazonaws.com\/tokenize-client\/assets\/blog\/images\/XGu6ZlVrboiVx1iaf935yyVjvKjMnMZ3\" alt=\"Tokenize newsletter\" width=\"800\" height=\"533\" \/><\/p>\n<h1 id=\"5320\" class=\"ih ii fj as ij ik il im in io ip iq ir is it iu iv iw ix iy iz ja jb jc jd je bx\" data-selectable-paragraph=\"\"><span class=\"ez-toc-section\" id=\"Bitcoin_Faces_Price_Turbulence_as_Market_Liquidity_Falls_Says_JPMorgan\"><\/span><strong class=\"bc\">Bitcoin Faces Price Turbulence as Market Liquidity Falls, Says JPMorgan<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p id=\"d840\" class=\"jf jg fj jh b ji jj im jk jl jm iq jn jo jp jq jr js jt ju jv jw jx jy jz ka fb bx\" data-selectable-paragraph=\"\">\u201cMarket liquidity is currently much lower for bitcoin than in gold or the S&amp;P 500, which implies that even small flows can have a large price impact,\u201d bitcoin\u2019s falling market liquidity \u2014 how much is available for trades \u2014 makes it prone to wild price swings, JPMorgan\u2019s Nikolaos Panigirtzoglou wrote in a note on Friday, as reported by Bloomberg.<\/p>\n<p id=\"7eba\" class=\"jf jg fj jh b ji kb im jk jl kc iq jn jo kd jq jr js ke ju jv jw kf jy jz ka fb bx\" data-selectable-paragraph=\"\">While bitcoin has rallied by over 300% since mid-October, the number of coins held in exchange addresses has declined by 6.6% to 2.38 million, according to Glassnode data. This sell-side liquidity shortage has been exacerbated by strong institutional demand, allowing the steep price rally to record highs over $58,000 Sunday.<\/p>\n<p id=\"1024\" class=\"jf jg fj jh b ji kb im jk jl kc iq jn jo kd jq jr js ke ju jv jw kf jy jz ka fb bx\" data-selectable-paragraph=\"\">The low liquidity is also evident from bitcoin\u2019s average daily spot and futures market volume of $10 billion, which is just 10% of gold\u2019s $100 billion, according to Panigirtzoglou. Hence, relatively few large buy or sell orders could lead to significant price moves either way.<\/p>\n<p id=\"0b79\" class=\"jf jg fj jh b ji kb im jk jl kc iq jn jo kd jq jr js ke ju jv jw kf jy jz ka fb bx\" data-selectable-paragraph=\"\">Bitcoin\u2019s three-month realized volatility, its level of actual price fluctuation over the past 90 days, stood at 92% on Sunday, the highest since June 9, 2020, according to Skew. Meanwhile, the three-month implied volatility, or investors\u2019 expectations of price swings over the next 90 days, was 94%.<\/p>\n<p id=\"b40a\" class=\"jf jg fj jh b ji kb im jk jl kc iq jn jo kd jq jr js ke ju jv jw kf jy jz ka fb bx\" data-selectable-paragraph=\"\">At press time, bitcoin is trading near $54,070, representing a 5.7% drop over 24 hours, according to CoinDesk 20 data.<\/p>\n<p class=\"jf jg fj jh b ji kb im jk jl kc iq jn jo kd jq jr js ke ju jv jw kf jy jz ka fb bx\" data-selectable-paragraph=\"\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/s3-ap-southeast-1.amazonaws.com\/tokenize-client\/assets\/blog\/images\/vw5z4RRq29cEmiNjDV1YseR2kFAK6ek1\" alt=\"Tokenize newsletter\" width=\"800\" height=\"118\" \/><\/p>\n<h1 class=\"ih ii fj as ij ik il im in io ip iq ir is it iu iv iw ix iy iz ja jb jc jd je bx\" data-selectable-paragraph=\"\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/s3-ap-southeast-1.amazonaws.com\/tokenize-client\/assets\/blog\/images\/KewrQ5An050j5YOB5EnK6Gjbmjus21IW\" alt=\"Tokenize newsletter\" width=\"800\" height=\"418\" \/><\/h1>\n<h1 class=\"ih ii fj as ij ik il im in io ip iq ir is it iu iv iw ix iy iz ja jb jc jd je bx\" data-selectable-paragraph=\"\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/s3-ap-southeast-1.amazonaws.com\/tokenize-client\/assets\/blog\/images\/2aBmQmkCzUVOC1XW5aBbgcR0Hmohb3Fz\" alt=\"Tokenize newsletter\" width=\"800\" height=\"94\" \/><\/h1>\n<h1 id=\"36b4\" class=\"ih ii fj as ij ik il im in io ip iq ir is it iu iv iw ix iy iz ja jb jc jd je bx\" data-selectable-paragraph=\"\"><span class=\"ez-toc-section\" id=\"Subscribe_to_Tokenize_Newsletter\"><\/span>Subscribe to Tokenize Newsletter!<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p id=\"6027\" class=\"jf jg fj jh b ji jj im jk jl jm iq jn jo jp jq jr js jt ju jv jw jx jy jz ka fb bx\" data-selectable-paragraph=\"\">Follow Tokenize Xchange on\u00a0<a class=\"cd ld\" href=\"https:\/\/www.facebook.com\/tokenize.exchange\/\" rel=\"noopener nofollow\"><em class=\"lc\">Facebook<\/em><\/a><em class=\"lc\">,\u00a0<\/em><a class=\"cd ld\" href=\"https:\/\/t.me\/tkxannoucement\" rel=\"noopener nofollow\"><em class=\"lc\">Telegram<\/em><\/a><em class=\"lc\">,\u00a0<\/em><a class=\"cd ld\" href=\"https:\/\/medium.com\/tokenize-xchange\" rel=\"noopener\"><em class=\"lc\">Medium<\/em><\/a><em class=\"lc\">,\u00a0<\/em><a class=\"cd ld\" href=\"https:\/\/twitter.com\/TokenizeXchange\" rel=\"noopener nofollow\"><em class=\"lc\">Twitter<\/em><\/a><em class=\"lc\">,\u00a0<\/em><a class=\"cd ld\" href=\"https:\/\/www.instagram.com\/tokenize.exchange\/\" rel=\"noopener nofollow\"><em class=\"lc\">Instagram<\/em><\/a><em class=\"lc\">.<\/em><\/p>\n<p id=\"95ad\" class=\"jf jg fj jh b ji kb im jk jl kc iq jn jo kd jq jr js ke ju jv jw kf jy jz ka fb bx\" data-selectable-paragraph=\"\">Don\u2019t miss any updates regarding our latest features, events, and community activities. Subscribe now to get them delivered to your inbox.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>2021 comes with opportunity! Tokenize Xchange is going to be extremely busy bringing drafted ideas to life with technology and our passion for crypto.<\/p>\n","protected":false},"author":1,"featured_media":527,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[22],"class_list":["post-391","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-draft","tag-tokenize-newsletter"],"_links":{"self":[{"href":"https:\/\/blog.tokenize-dev.com\/wp-json\/wp\/v2\/posts\/391","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blog.tokenize-dev.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.tokenize-dev.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.tokenize-dev.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.tokenize-dev.com\/wp-json\/wp\/v2\/comments?post=391"}],"version-history":[{"count":1,"href":"https:\/\/blog.tokenize-dev.com\/wp-json\/wp\/v2\/posts\/391\/revisions"}],"predecessor-version":[{"id":564,"href":"https:\/\/blog.tokenize-dev.com\/wp-json\/wp\/v2\/posts\/391\/revisions\/564"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/blog.tokenize-dev.com\/wp-json\/wp\/v2\/media\/527"}],"wp:attachment":[{"href":"https:\/\/blog.tokenize-dev.com\/wp-json\/wp\/v2\/media?parent=391"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.tokenize-dev.com\/wp-json\/wp\/v2\/categories?post=391"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.tokenize-dev.com\/wp-json\/wp\/v2\/tags?post=391"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}