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Bitcoin broke past the $60,000 mark on March 13, 2021, to surpass Facebook in total market value. To learn more about this and other stories, keep reading this article.

Bitcoin Hits Over $60,000 and Surpasses Facebook in Value

On March 13, 2021, bitcoin recorded a high of $61,683.86. This is yet another milestone that the cryptocurrency has achieved after recording a series of several all-time highs in the past three months.

Institutional investors continue to boost bitcoin’s price with Chinese firm Meitu being the latest company to purchase crypto. The firm bought $22.1 million in ether and $17.9 million in bitcoin.

“Beeple’s $69 million [non-fungible token] record demonstrates the true power of crypto, adding curiosity and fuel to the retail fire. Expect volatility but a landing of $100K levels by Q3,” said Jehan Chu, Managing Partner of trading firm Kenetic.

Furthermore, bitcoin’s market cap has risen to the eighth position, surpassing Facebook. Currently, bitcoin has a market capitalization of about $1.07 trillion while Facebook has a market cap of $808.76 billion.

Luno Users Can Now Earn Interest on Ether and USDC Savings

Luno users can now add ETH and USD coin (USDC) to their savings wallet where they can earn 4 percent and 7.6 percent APR, respectively. The exchange introduced the savings wallet five months ago allowing users to earn up to four percent on their bitcoin savings.

“The addition of two new cryptocurrencies to the savings wallet gives customers even greater flexibility and potential to earn interest as they grow their crypto savings. A high percentage of Africans who own cryptocurrency do so for speculative investment purposes, with the majority holding their crypto for the long term. If your crypto investment strategy is holding your crypto long-term, the savings wallet earns you additional interest for what you were already doing,” said Marius Reitz, the General Manager for Africa, at Luno.

According to a Luno 2020 survey, more than a third of the respondents (35 percent) were not earning interest on their traditional cash savings. On the other hand, 54 percent were not earning interest on their current bank accounts. As a result, Luno wants to change these statistics with its crypto savings wallet.

The savings feature pays out interest monthly and users can access their savings 24/7. Moreover, 250,000 people are using the savings wallet since its launch.

South African Company Invests in Bitcoin

It is not large companies alone that are investing in bitcoin. According to an article on Tech Central, open-source software firm LSD Information Technology has purchased R2 million in bitcoin (about $135,570.70).

The company’s board agreed to invest in the digital asset on January 4, 2021. In the initial purchase, it bought R1 million in bitcoin then bought the other R1 million over the next two weeks. The firm used the crypto exchange BitFund to buy and hold the BTC.

“Our vision is to make the world more open, and bitcoin supports our philosophy on how we believe the world works best. Working in the open-source space seems to attract many crypto enthusiasts for whom the decentralised open nature of cryptocurrencies appeals,” said LSD founder and CEO Stefan Lesicnik.

The firm participates in running and maintaining bitcoin full nodes.

Raze Network Announces Partnership with UNION

Today, we are excited to let you know Raze Network partners with UNION, a technology platform that combines bundled protection and a liquid secondary market with a multi-token model.

Under the UNION system, DeFi participants are able to manage their multi-layer risks across smart contracts and protocols in one scalable system. UNION also aims to decrease the entry barriers for retail users and lays the foundation for institutional investors.

Privacy and protection, while often used together as a term, require the cooperation of different players to address the nuanced layers. For us, there are just too many synergies between UNION and Raze Network to pass up this chance to team up. UNION is known for its full-stack DeFi protection, open access for all, and creating peace of mind for DeFi users, all of which coincide with what we believe.

UNION’s approach is a natural fit for protecting value locked in Raze vaults and sent in payment channels. Beyond protection, we will explore extending our Secret DeFi Bridge to support their collateral optimization protection (C-OP) and lending platform (ULend) so DeFi participants can optimize their capital in a private fashion.

With UNION, we can help each other explore different ways of offering protection to users, be it in trading or via information and data exchange.

Raze Network, as a privacy protocol aiming to protect the user identity and confidentiality for the entire DeFi stack of the Polkadot ecosystem, can work to help UNION and UNION users acting as second-layer protection.

Additionally, with the Efficient Σ-Bullets algorithm, a self-developed algorithm based on the Σ-Bullets encryption proof mechanism of the open-source project Zether, we can help UNION encrypt user account balances and transactions, and eventually propel us toward finance sovereignty.

“We’re excited to bring our work at the UNION Protocol Foundation to the Raze Network. Privacy preservation is a necessary tool for ensuring self-sovereign data rights and maintaining transaction confidentiality in a complicated, composable DeFi environment. Privacy rights and data control architectures have had a foundational role in my own interests in distributed ledger technology; Raze has developed a leading-edge approach that is set for success. We’re looking forward to working with the Raze team and engaging their input as we address privacy considerations in our own work, going forward,”

said Michael Beck, UNION’s Project Lead.

About UNION

UNION is a technology platform that combines bundled protection and a liquid secondary market with a multi-token model. DeFi participants manage their multi-layer risks across smart contracts and protocols in one scalable system. UNION decreases the entry barriers for retail users and lays the foundation for institutional investors. UNION’s full-stack DeFi protection is inclusive, composable, and brings battle-tested capital and pricing models from TradFi to the DeFi ecosystem.

About Raze Network

Raze Network is a Substrate-based cross-chain privacy protocol for the Polkadot ecosystem. It is built as a native privacy layer that can provide end-to-end anonymity for the entire DeFi stack. The Raze Network applies zkSNARKs to the Zether framework to build a second-layer decentralized anonymous module. It will then be imported as a substrate-based smart contract. The objective of Raze Network is to enable cross-chain privacy-preserving payment and trading systems while protecting the transparency of your assets and behaviors from surveillance.

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You won’t believe the views from this Cornish beachfront apartment in St Ives
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  • If you’ve been missing the beaches and can’t wait to see the sea (!), then you’re going to love our tour of this water-front apartment.

    Related: See the transformation of this neglected period cottage on the Norfolk coast

    Set on St Ives’ famous Porthmeor Beach, one of only seven of Cornwall’s beaches that hold the prestigious Blue Flag Award. Lower Saltings is a one-bedroom property with the most breath-taking, panoramic coastal views.

    It’s up for sale but is also rented out for holiday lets, so whether you want to buy or just fancy a stay, we guarantee this scenery will not leave you disappointed.

    Ready to take a look? Here we go…

    Lower Saltings beach

    Image credit: Knight Frank

    Let’s start with the location. As we said, the apartment is set on Porthmeor Beach, which is popular with surfers and swimmers, and just a stone’s throw from the centre of St Ives. Number 1 Lower Saltings is set on the ground floor, and there’s an inner, protected courtyard off of which you have a parking bay – but we know it’s not the parking you want to hear about. Let’s step inside instead.

    Dining area

    Image credit: Knight Frank

    The dining room, kitchen and living area are all part of one open-plan space, and the main feature that you can’t help but notice is that view. An arched window looks out onto the beach – imagine eating your breakfast while watching the waves roll in!

    Image credit: Knight Frank

    There’s a sweet window seat too, where you can sit and read – although we think we’d be hard-pressed to do anything other than look at the sea.

    Kitchen

    Image credit: Knight Frank

    It may not be the largest kitchen you’ve ever seen, but it comes equipped with everything you need. Quartz worktops, a built-in fridge and freezer, induction hob and electric oven, plus a dishwasher and washing machine. The light blue cabinetry reflects the blue of the ocean and by keeping the wall cabinets white it makes the space feel light and bright

    Living area

    Image credit: Knight Frank

    Across from the dining table is an L-shaped leather sofa, which doubles up as a bed – meaning when it’s rented out, the apartment can sleep four. White walls make the perfect backdrop for the small pops of blue and yellow, brought in by cushions, throws and ceramics.

    The arched window is large enough that you can also see the view from the sofa – what would you watch, the TV or the surfers outside?

    Bedroom

    Image credit: Knight Frank

    Off of the hallway is this sweet bedroom, with a built-in wardrobe, smart TV and large full-length mirror. The same blue and yellow colour palette have been continued into this room too for cohesion and we like how uncluttered the room feels. We spy a feather-light fitting and that luxurious velvet bedspread looks extra cosy.

    Bathroom

    Image credit: Knight Frank

    The shower room is the last on our list and what is it they say about good things coming in small packages? Pale wood wall cladding, blue and white accessories and smart fittings make this room a great addition to the recently renovated apartment.

    Related: Step into this idyllic Cornish home – once a run-down cottage, now a dream holiday home

    Interested in Lower Saltings? It’s up for sale with Knight Frank, with offers in excess of £930,000 – and we’d say that view is pretty priceless. You can see the listing here but be prepared to fall in love with this totally dreamy coastal pad.