Monthly Archives: July 2021

CBDC: Cognitive Bitcoin Dissonance Cyndrome

Bitcoin critics often suffer from a type of cognitive dissonance, preventing them from absorbing information about Bitcoin. Bitcoin has many critics. And while it will never be constructive to simply dismiss criticism for dismissal’s sake, a vast amount of criticism against Bitcoin is often so blatantly false that it is difficult to believe it possible for seemingly intelligent people to perpetuate. Criticism can lead to improvements and it is often our greatest critics that push us forward to our most important decisions. Case in point: Bitcoin itself […]

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Bank of Russia to Study Risks of Crypto Investing With Banks and Payment Providers

The Central Bank of Russia (CBR) has set out to examine the risks associated with cryptocurrency investments. The regulator is going to conduct a dedicated study with the participation of major banks and payment processors operating in the Russian market. CBR Adds Crypto to Its Survey Program for 2021 Russia’s central bank, known as Bank of Russia, is planning to carry out research regarding the risks that accompany crypto investing. The study titled “Assessment of risks of using cryptocurrencies” has been added to the recently published “Bank […]

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Fed chair met with Coinbase CEO Brian Armstrong and former House speaker in May

Armstrong said he had spoken about China’s central bank digital currency with lawmakers and heads of federal agencies, believing it to be “a threat to U.S. reserve currency status long term.” Prior to the Federal Reserve announcing it would release a discussion paper on a central bank digital currency, chairperson Jerome Powell met with Coinbase CEO Brian Armstrong. According to Powell’s meeting calendar which was made public on Friday, the Fed chair held a 30-minute meeting with Armstrong as well as former House of Representatives Speaker Paul […]

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Altcoin Roundup: Smart investors don’t just buy dips, they dollar-cost average

The crypto market may be down from its all-time highs, but dollar-cost averaging is still the best way to build long-term profits. Choppy markets have defined the crypto space since Bitcoin (BTC) sold off on April 19, and indecisive markets like these can test the patience and fortitude of even the most dedicated traders and analysts, especially when the incessant calls for a bottom are met with lower lows. While the periods of low trading volume and whipsaw price movements may be the perfect conditions for whale-sized […]

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Venezuela to Slash Six Zeros From Its Currency to Facilitate Payments

The government of Venezuela is considering a new redenomination of its fiat currency. The proposal that is under study would cut six zeroes from the inflation-affected Bolivar. This would aid companies in processing taxes and provider payments that are absurdly complex with today’s numbers. However, the dollar is the predominant coin in retail payments in Venezuela, according to consulting firms. Venezuela to Redenominate Its Currency The government of Venezuela is studying a mathematical redenomination of its currency, the sovereign bolivar, to simplify payments for big companies. This […]

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Discussing Lightning Network Routing

In this episode of “The Van Wirdum Sjorsnado,” the hosts are joined by Lightning developer Joost Jager to discuss Lightning Network routing. Watch This Episode On YouTube Listen To This Episode: Apple Spotify Google Libsyn Overcast In this episode of “The Van Wirdum Sjorsnado,” hosts Aaron van Wirdum and Sjors Provoost are joined by Lightning developer Joost Jager to discuss everything about Lightning Network routing. What Is Lightning Network Routing? The Lightning Network — Bitcoin’s Layer 2 protocol for fast and cheap payments — consists of a […]

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Cambridge and IEA data shows bitcoin carbon intensity peaked last year

Worst case projections seem to suggest that bitcoin emissions will be down by more than two-thirds in five years. According to publicly available data from the University of Cambridge Centre for Alternative Finance and the International Energy Agency, or IEA, bitcoin (BTC) carbon emission intensity may have already peaked. The environmental impact of bitcoin’s electricity usage is a favorite talking point of its critics and journalists on the crypto beat. But taking in the available data, Hass McCook, a retired chartered professional engineer, reckons bitcoin’s carbon emissions […]

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Axie Infinity (AXS) and Waves make gains as Bitcoin flatlines below $34K

Axie Infinity and Waves shake off confusion in the market to climb higher while Bitcoin continues to struggle below $34,000. Bitcoin (BTC) price remains relatively unchanged on the 24-hour chart, down 0.56% and trading around $33,200 at the time of writing. The overall cryptocurrency market traded flat on July 2 with the approach of the Fourth of July holiday weekend in the United States. The lackluster trading volume coincided with a slight decline in the total cryptocurrency market capitalization by $5 billion to its current value of […]

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Utility-focused NFTs: the future of blockchain art?

To stand out in a saturated market, NFT startups should focus on real use cases, according to COO at NFTY Labs, Titan Inc. Transitioning from static digital collectibles to tokens with real utility will lead to a new generation of NFTs according to Tytan Inc the COO of NFTY labs, a platform focused on building products for the NFT space.  In a recent interview with Cointelegraph, he said that even if the market is saturated, there is still room for startups to raise funds in the NFT […]

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Greenidge plans to expand mining operations to South Carolina

According to the crypto mining firm, the South Carolina facility has been capable of drawing 80 megawatts of power, two thirds of which is produced from zero carbon energy sources. Bitcoin mining company Greenidge Generation announced it would be starting operations in South Carolina as early as this year. In a Friday announcement, Greenidge said it would be operating in a carbon neutral crypto mining facility in the city of Spartanburg. The company said it had signed a letter of intent for a 10-year lease with printing […]

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