Monthly Archives: June 2021

The Monetary Properties Of Bitcoin

In the final issue of this four-part series, we examine in depth the various monetary properties of Bitcoin. The Wall Street Analyst’s Intro to Bitcoin: The Dimensions of Money What Bitcoin Does How Bitcoin Works The Monetary Properties of Bitcoin The Monetary Properties Of Bitcoin Now we understand how Bitcoin works. Before we can compare its monetary properties to prior forms of money, we need to briefly cover the ecosystem which is being built on top of Bitcoin. Once understood, we’ll have the proper framework to assess […]

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Altcoin Roundup: Stablecoin pools could be the next frontier for DeFi

The days of 4,000% APY on DeFi liquidity pools could soon be replaced by safer, lower-yielding stablecoin-denominated pools. In times like these, when the entire cryptocurrency market is down and there is nary a sector-wide runup to be found, traders have to dig into data to see how the market dynamics may have changed to pinpoint signs of new growth.  Stablecoins are the newest trend to emerge in the decentralized finance (DeFi) arena due to the resiliency they bring to the sector, especially since protocols that are […]

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Crypto traders say negative funding rates are buy signals, but are they?

Celebrity traders on Twitter frequently cite negative funding rates as a Bitcoin buy signal, but does data support this point of view? Perpetual contracts, also known as inverse swaps, have an embedded rate usually charged every eight hours. This fee ensures there are no exchange risk imbalances.  Even though buyers’ and sellers’ open interest is matched at all times, leverage can vary, and when buyers (longs) are demanding more leverage, the funding rate turns positive. Thus, they are the ones paying the fees to the sellers (shorts). […]

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But Which Side Of The Moon Are We Going To?

A look at two worlds, both of which use Bitcoin as the global currency. But that is where the similarities end. The following article is a work of fiction. For now. It’s Aug. 1, 2028, and we’ve made it to the moon. The far side. But it’s cold. It’s dark. Spotted barren craters and valleys are ashed with the flakes of Benjamin Franklins used as fire-starter. Synthetically created cyber hornets, known as Lampyridae, whiz through the thin atmosphere providing much of the necessary light — besides the […]

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SEC accuses XRP Army of issuing ‘false statements’ against its leadership on social media

The commission argued that Ripple’s motion, if granted, would open the floodgates for the company to request testimony from high-ranking government officials. The ongoing lawsuit between Ripple Labs and the U.S. Securities and Exchange Commission, or SEC, continues with the regulatory body claiming that XRP token holders are targeting its members on social media platforms with allegedly false statements. In a Thursday motion addressed to Judge Sarah Netburn in the Southern District of New York, the SEC has requested a conference to discuss quashing the motion from […]

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Dogecoin Sheds 67% Since Price High — Meme Token’s 12 Month Market Stats Still Outshined BTC

The notorious meme crypto asset dogecoin has seen better days, as the digital currency tapped an all-time high (ATH) two months ago at $0.737 per unit. Today, dogecoin is down 67% since the ATH and over 30% during the last three months as interest in the dog meme coin is waning. Dogecoin Interest Dives, Meme-Token’s Value Down 67% Since ATH Worldwide interest in DOGE is slipping, as the search query “dogecoin” on Google Trends (GT) has slid from an ATH in interest. Dogecoin lost 79% by scoring […]

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Ten Rules To Be A True Bitcoiner From The Stoics

These actions and decisions encourage the low time preference necessary to continually accumulate bitcoin. I am a Bitcoiner who tries to share with the rest of the world the importance that Bitcoin will have in the future by writing articles about its revolution every day. In addition to my activities to share the good word about Bitcoin, I have a strong interest in personal development. As such, I frequently study the writings of the Stoics. And I must say that I find many similarities between some of […]

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Nigerian secondary school will accept crypto payments despite regulatory uncertainty

“We believe one day digital money will gain more acceptance than paper money,” said school director Sabi’u Musa Haruna. A private secondary school based near the Nigerian city of Kano has announced it will be accepting payments for school fees in cryptocurrency amid the country’s central bank banning financial institutions providing services to crypto exchanges. According to a Thursday report from local news outlet Kano Focus, the director of the New Oxford Science Academy in the Kano suburb of Chiranchi will allow students to pay for tuition […]

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10,000 Financial Institutions Can Now Let Customers Buy, Sell, Hold Bitcoin Through Their Bank Accounts

Banks and credit unions of all sizes can now facilitate the buying, selling, and holding of bitcoin within their banking platforms thanks to a collaboration between Finserv and New York Digital Investment Group (NYDIG). Finserv currently has about 10,000 financial institution clients. All Banks Can Now Let Customers Buy, Sell, Hold Bitcoin via Bank Accounts Finserv Inc. (NASDAQ: FISV), a global leader in payments and financial technology, announced Wednesday that “Banks and credit unions of all sizes can facilitate buying, selling, and holding bitcoin within their digital […]

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Marvel reveals official NFTs will be available on VeVe marketplace by 2022

Some of the more well known characters from Marvel include Wolverine, Spiderman, Iron Man, and Captain America. The VeVe virtual marketplace will soon have official nonfungible tokens and digital comic books from Marvel. In a Thursday announcement, Marvel Entertainment said it had partnered with Orbis Blockchain Technologies to release nonfungible tokens, or NFTs, and digital collectibles on the VeVe marketplace app starting later this year. According to the entertainment company, the NFTs will include digital collectibles and comic books which Marvel fans can trade as well as display […]

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