Monthly Archives: June 2021

Plebs Versus Patricians In Ancient Rome — What Can Bitcoiners Learn?

The ancient lower class struggled against the ruling patricians, much as bitcoiners struggle against modern monoliths today. In this memo, I look into the original plebs — the plebeian class of ancient Rome. The bitcoin plebs are the solid core of the community, and the bitcoin rabbit hole has encouraged all of us to read history with fresh eyes. So I became curious — who were the plebeians, and are there lessons that us modern day plebs can learn from their experience? Classes In Ancient Rome Society […]

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Ethereum price bounce to $2.6K fails to excite neutral-to-bearish pro traders

Ethereum derivatives data highlights the lack of short-term strength as ETH price lags Bitcoin’s recovery to the $40,000 range. While speaking at the Virtual Fintech Forum in Hong Kong on May 27, Ethereum co-founder Vitalik Buterin commented on obstacles related to the Ethereum 2.0 rollout. Buterin said that there had been several internal team conflicts in the past five years and as a result, he confirmed that Ethereum 2.0 launch is unlikely to occur before late 2022. In a May 22 report from Goldman Sachs, analysts said […]

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Bitcoin And The Illusion Of Reality

The current metrics and systems posed by the federal reserve are designed to beguile and disguise the reality of money. A look at how the people in power may have more in common with a jewel beetle than you’d initially expect and how bitcoin may have the answer. In this article, we touch on: ● Why the government and the Federal Reserve are incentivized to expand the money supply and lower interest. ● The byproducts of monetary expansion and lower interest rates. ● What a world with […]

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Pandora Finance’s $2.4M raise helps spearhead open finance protocol

“Adoption has never been affected and never been stopped. The right product always gets adopted irrespective of market conditions,” said Pushkar Vohra, CEO of Pandora Protocol. Vohra believes the gap between these two domains represents one of the biggest adoption challenges for decentralized technologies. “We are uniquely positioned to solve the biggest problem,” he said, adding: “There are around $300 trillion dollars of real-world assets which are illiquid. Pandora’s vision is to bridge those off-chain assets to the on-chain ecosystem with an effective business model.” Pandora’s business […]

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One in Five Kiwis Bullish on Crypto Investments, New Poll Suggests

Cryptocurrency investing has been rising in popularity among New Zealanders and a fifth of the respondents in a new survey either plan to or have already, put money into digital assets. The poll also found that young Kiwis are more likely to use micro-investing platforms than older generations. Over 20% of New Zealanders Plan to or Have Invested in Cryptocurrency Investing in cryptocurrencies and shares has been on the rise in New Zealand, with young people getting into digital investments faster than other age groups. According to […]

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The End Of Bitcoin’s Beginning

We are fast approaching sovereign state adoption as game theory plays out in front of bitcoiner’s eyes. This really feels like the “suddenly” part. A lot of work went into Bitcoin Beach over the last year to inspire El Salvador to make Bitcoin legal tender this week, but to the public this happened incredibly fast. The live announcement at Bitcoin 2021, the law being passed by a super-majority of the Legislative Assembly of El Salvador a few days later, and that same night the President was asked […]

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Democratic lawmakers have formed group to address regulatory concerns around crypto

U.S. President Joe Biden is also expected to discuss crypto’s role in ransomware attacks during his meeting with Russian President Vladimir Putin on Wednesday. Maxine Waters, who represents California’s 43rd congressional district in the U.S. Congress, said she had organized a group of Democratic lawmakers for a deep dive on cryptocurrencies and central bank digital currencies.  In a Tuesday virtual hearing of the U.S. House of Representatives’ Task Force on Financial Technology, Waters said “cryptocurrencies and other digital assets” were an important issue for the House Financial […]

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Bitcoin price hits $41K, then rejects after sellers defend the 200-MA

A breakout above $41,000 provoked selling near a key moving average but the move could just be a lower support retest. The overall mood of the cryptocurrency ecosystem is muted on June 15 with most altcoins trading flat while Bitcoin (BTC) bulls look for a daily close above $41,000 as a sign that the market could be shifting in favor of bulls. Data from Cointelegraph Markets Pro and TradingView shows that within the last few hours Bitcoin price rallied to $41,330 but the breakout was swiftly met […]

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El Salvador reportedly weighing paying employees in Bitcoin

A 2001 law on monetary integration in the country states that salaries and fees may only be paid in colónes or dollars. Rolando Castro, the Minister of Labor and Social Welfare in El Salvador has said that the government is discussing whether companies in the country should pay their employees in Bitcoin. According to local radio station 107.7 Fuego GMV, Castro has discussed the issue of employers paying their workers in Bitcoin (BTC) with officials from the Ministry of Finance and the Ministry of Economy. His remarks […]

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Billionaire Mark Cuban Commends Defi Economy Dubbing It the ‘Next Great Growth Engine’

On June 13, the billionaire investor and co-host of the television series Shark Tank, Mark Cuban, explained his fascination with decentralized finance (defi) in an editorial published to his blog. Cuban details that many defi organizations are different because they are not corporate entities or based in the United States. He believes that “no one owns majority control” of these operations which makes them “permissionless” innovations. Mark Cuban Sees Massive Potential When It Comes to Permissionless Finance The entrepreneur Mark Cuban has been in the crypto space […]

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