Monthly Archives: February 2021

Bitcoin Snaps Back After Slight Dip, Current BTC Chart ‘Is Near Identical to August 2017’

Digital currency prices are on the move again, after tumbling a hair downwards during Sunday evening’s trading sessions. On Sunday the price of bitcoin dropped -7.64% after touching a lifetime price high at $49,715 and then slid to $45,915. As trading sessions entered into Monday, BTC has regained some of the losses as it jumped northbound 4.62%. Crypto Markets Shrug Off the Recent Dip Bitcoin (BTC) and a slew of digital assets saw some significant losses yesterday, after a few crypto assets touched new all-time highs (ATH). […]

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Bitcoin As Fiat’s Antithesis: The Future Of Finance In Hegelian Terms

Georg Wilhelm Friedrich Hegel was a difficult man. Even his name is a mouthful to say. With more layers than a wedding cake, the German philosopher was the human equivalent of quantum theory.  As physicist Richard Feynman famously said, “Anyone who claims to understand quantum theory is either lying or crazy.” The same accusation can be applied to Hegel’s philosophies. If anyone claims to fully understand Hegel, they are either lying or crazy, or quite possibly both. Just like the works of James Joyce, no one actually reads Hegel’s works, not because he had nothing to say, […]

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Bitcoin must cost 10X more with 10X less utility to match Tulip Mania — Investor

There’s no comparing the current bull run with the 17th century tulip bubble, Dan Tapeiro argues. Bitcoin (BTC) and cryptocurrencies look nothing like the Tulip Mania of the 17th century even after their rapid gains, one macro investor says. In a tweet on Feb. 15, Dan Tapeiro, co-founder of 10T Holdings, argued that in terms of price relative to average income, Bitcoin and Ether (ETH) still have a huge way to go before challenging tulips. Bitcoin vs. tulips: There’s no comparison Tulip Mania was a brief but […]

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Bitcoin Games Releases ‘The Angry Banker’, Hosts a $12,000 Tournament

Bitcoin Games releases its first exclusive slot game The Angry Banker with a $12,000 tournament! First Exclusive Slot Game Since Launch Our very own premium gaming portal Bitcoin Games has been bringing some of the most popular online casino games to crypto savvy gamers all around the world ever since its inception a few years ago. Now, the popular crypto casino has released it’s biggest exclusive game till date: The Angry Banker. The Angry Banker slot acts as a parody on how Bitcoin is changing the way […]

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Privacy coin season? DASH price gains 100% in a week as Monero, Zcash flip bullish

Privacy coins such as Monero, Dash and Zcash are beginning to show signs of life. The strength of the cryptocurrency market is spreading appears to be spreading to privacy-focused coins. The calm price action of Bitcoin (BTC) often sets up an intense period for altcoins to rally, where several groups of coins can start becoming bullish.  One of those segments is the privacy coin segment. For example, Monero (XMR) rallied by more than 50% last week. Meanwhile, Dash (DASH) has more than doubled with a 125% gain […]

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SBI looking to set up joint crypto ventures with foreign firms

SBI Holdings is reportedly considering mergers and acquisitions as a means of solidifying a potential deal. Japanese financial conglomerate SBI Holdings is reportedly planning to set up a joint cryptocurrency venture with foreign financial companies. SBI CEO Yoshitaka Kitao said that the Japanese company is in talks with other financial firms to launch a crypto venture, Reuters reports Feb. 15. The executive said that SBI currently has two potential deals. As part of the initiative, SBI is considering large-scale mergers and acquisitions. Kitao stated that such a […]

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Exchanges warn that Hong Kong’s crypto retail trader ban could backfire

Crypto industry concern mounts ahead of the likely introduction of a bill to ban retail traders from cryptocurrency activities in Hong Kong. Crypto industry actors in Hong Kong have been trying to push back against a forthcoming law that would restrict legal cryptocurrency trading to professional investors, locking out 93% of the local population from the market. In comments to the South China Morning Post published on Feb. 15, industry body Global Digital Finance warned that the proposed law would be likely to push retail traders to embrace […]

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NFT prices will eventually crash, says Litecoin creator Charlie Lee

Nonfungible token art lacks the provable scarcity of “real art.” Non-fungible tokens are currently a major topic of discussion within the crypto space with creators and collectors alike jumping on the bandwagon. However, Litecoin (LTC) creator Charlie is of the opinion that the hype is unsustainable. Tweeting on Monday, Lee said that, unlike ‘real art,’ NFTs have “zero cost” of creation. With all that said, I’m willing to be proven wrong. I created a unique NFT with my profile pic. It cost me nothing (well except for […]

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Institutional adoption underscores urgency of clear crypto rules, says Hester Pierce

Regulatory clarity in the crypto industry is needed now more than ever, per one official. As institutions move into the cryptocurrency space, the need for clear rules regarding digital assets is critical, an official at the Securities and Exchange Commission said. SEC commissioner Hester Peirce believes that clear cryptocurrency rules are needed now more than ever due to firms like Tesla and Mastercard actively embracing the alternative asset class. Peirce discussed the implications of institutional crypto adoption with Reuters on Saturday, following a series of massive crypto-related […]

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Dogecoin drops 23% as Elon Musk slams DOGE rich list

The world’s richest man giveth, and the world’s richest man taketh away. The value of Dogecoin (DOGE) sunk 23% in a matter of hours on Feb. 15, after Elon Musk drew attention to the vastly unequal distribution of DOGE coins and urged major holders to sell off their holdings. Dogecoin has one of the most unequal coin distributions in the cryptocurrency space, with 28.7% being held by just one person, and the top 12 holders possessing almost 50% of the supply. Just before midnight on Feb. 14, […]

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