Monthly Archives: July 2021

The Coming Rise And Fall Of Central Bank Digital Currencies

Digital currencies are quickly gaining traction in the world; but Bitcoin is poised to maintain superior incentives. Bitcoin’s popularity has unleashed a race for digital money dominance, which is likely to intensify with the emergence of Central Bank Digital Currencies (CBDCs). In a 2021 survey of central banks, 86% of respondents indicated they are actively researching the potential for CBDCs. The question that emerges is how will CBDCs live alongside borderless cryptocurrencies like bitcoin? This paper is a three-part study on CBDCs within the context of the […]

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Altcoin Roundup: Data shows social metrics surge ahead of DeFi and NFT price rallies

Analyzing Twitter mentions and Google Trends data is another way traders keep an eye on emerging trends and sector rotations in the cryptocurrency ecosystem. A common saying in the investing world is “The trend is your friend,” a phrase that points to the idea that the majority of the time, sticking with the prevailing market trend will produce positive results. Some of the common metrics used to identify market trends include: technical analysis, which involves studying price charts to spot opportunities; fundamental analysis, which involves looking at […]

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4 Consecutive Difficulty Drops Make Bitcoin Block Rewards 49% Easier to Find

Following the largest mining difficulty drop in Bitcoin’s history, this weekend will once again see another slide, but less than 6% of the difficulty will be shaved. Statistics show Bitcoin’s hashrate has been able to climb higher since the difficulty drop two weeks ago, and climbed above 100 exahash per second (EH/s) this week. This weekend’s upcoming bitcoin mining difficulty drop will be the only time in history the difficulty slipped four times in a row. 2021’s Consecutive Difficulty Drops Come Awfully Close to 2011’s Records After […]

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Harmony announces $1M hackathon aimed at merging traditional finance and DeFi

The hackathon will run for roughly six weeks from Aug. 15 to Sept. 30 and include four challenges from three different categories. The Harmony blockchain has opened registration for a hackathon starting next month with more than $1 million in seed funding and prizes for participants. In a Thursday announcement on Twitter, Harmony said the hackathon would be focused on bringing in more people from traditional finance for challenges bridging their fields and decentralized finance. The protocol said there would be four challenges in each category of […]

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The Bitcoin Beach Wallet Special

In this episode of “The Van Wirdum Sjorsnado,” host Aaron van Wirdum speaks with Bitcoin Beach Wallet developer Nicolas Burtey. Watch This Episode On YouTube Listen To This Episode: Apple Spotify Google Libsyn Overcast In this episode of “The Van Wirdum Sjorsnado,” host Aaron van Wirdum speaks with Bitcoin Beach Wallet developer Nicolas Burtey — without cohost Sjors Provoost this time. Van Wirdum and Burtey met up in El Zonte, El Salvador — which has been dubbed Bitcoin Beach — to discuss the Bitcoin Beach Wallet, a […]

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Visa, Mastercard Monitor Binance’s Regulatory Compliance as More Regulators Scrutinize the Crypto Exchange

Payments giants Visa and Mastercard say they are monitoring Binance’s regulatory compliance developments as more regulators come after the global crypto exchange for operating in their countries without authorization. Visa, Mastercard Monitoring Binance’s Regulatory Troubles Visa and Mastercard have not severed ties with cryptocurrency exchange Binance despite rising regulatory scrutiny. The two payments giants have not blocked Binance and cardholders can still use Visa and Mastercard to deposit funds into their accounts at the exchange. Visa told the Financial Times Friday that it was “aware of the […]

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Cardano grows closer to launching smart contracts with new testnet

The Alonzo White testnet brings NFTs and various De-Fi use cases one step closer for Cardano. IOHK, the blockchain development team behind Cardano, announced on July 15 that the project’s Alonzo test net had officially transitioned from Blue to White, bringing with it the ecosystem’s long anticipated expansion to functional smart contracts. HARD FORK SUCCESSFUL: Delighted to report around 19.44 UTC today we successfully forked the #Alonzo testnet to the new #AlonzoWhite node. The new network is happily making blocks already. 1/5 — Input Output (@InputOutputHK) July […]

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Price analysis 7/16: BTC, ETH, BNB, ADA, XRP, DOGE, DOT, UNI, BCH, LTC

Bitcoin bulls defended the $31,000 level again, but data shows demand for BTC and altcoins is weak and this heightens the chase of further downside. Bitcoin (BTC) is witnessing a tough battle between the bulls and the bears near $31,000, which makes it an important level to watch out for. Data from Glassnode shows that the $31,000 to $34,300 zone has seen strong interest from buyers and sellers as 9.93% of the Bitcoin supply has moved in this zone. The failure of Bitcoin to rally quickly from […]

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Malaysia is literally crushing thousands of illegal Bitcoin miners

It’s unclear why authorities outright destroyed the miners rather than attempting to reap some value, but they could still be sold for scrap. Authorities in Malaysia destroyed more than $1.2 million worth of Bitcoin mining rigs after they were confiscated for operating illegally. In a video posted today from local news outlet DayakDaily, police in the city of Miri on the island of Borneo and the Sarawak Energy company arranged for a steamroller to run over 1,069 Bitcoin (BTC) miners. The rigs were reportedly confiscated from residents […]

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Cointelegraph Exclusive: Artist Damien Hirst says NFTs are like ‘the invention of paper’

According to the British artist, NFTs are changing the world, but not always in the get-rich-quick way many media outlets report. Damien Hirst, a contemporary artist known around the world, talked about similarities and differences between artwork and fiat currency as he prepared to drop 10,000 NFTs tied to his physical paintings. Speaking with Cointelegraph’s Andrew Thurman at his London studio in May, Hirst answered questions in a magic 8-ball fashion, by opening up one of the boxes containing hundreds of sheets of his The Currency artwork […]

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