Monthly Archives: July 2021

Charted Territory: The True Value Of One Bitcoin

Inflation may obscure the value of bitcoin, but let it not mislead you. Last Week In Bitcoin is a series discussing the events of the previous week that occurred in the Bitcoin industry, covering all the important news and analysis. Summary While bitcoin seems to be aiming for a dip below $30,000 soon, the last week has remained relatively quiet in the market. One major bit of news, however, was the announcement that the inflation rate in the U.S. increased to 5.4%, its highest since the 2008 […]

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Here’s how altcoin futures volumes and the USD lending rate signal market crashes

Data shows that the dollar lending rate and futures volumes of select altcoins can be tracked to pinpoint overheated markets before a crash. Every once in a while, a new indicator pops out that can be used to detect price tops and bottoms in the market. This assertion is even more evident in cryptocurrencies because the data comes from exchanges and on-chain data extracted from the blockchain. These indicators are constantly monitored and commented on by analysts and traders. Some of the lesser-known metrics use data from […]

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Grayscale Investments Launches Defi Fund — Now Offers 15 Crypto Investment Products

Grayscale Investments has launched a decentralized finance (defi) fund. The new defi fund is the crypto asset manager’s 15th investment product and its second diversified product. “The emergence of decentralized finance protocols provide clear examples of technologies that can redefine the future of the financial services industry,” said the Grayscale CEO. Grayscale Debuts Decentralized Finance Fund Grayscale Investments, the world’s largest digital currency asset manager, announced Monday the launch of its newest diversified investment product, the Grayscale Decentralized Finance Fund. The announcement explains that the Grayscale Defi […]

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Bitcoin, Carbon Credits And Regenerative Farming

How can Bitcoiners accelerate a transition into regenerative farming and cattle management? An article discussing a speculative attack on the carbon credit system to sustainably rebuild the U.S. food supply chain and redenominate fiat into bitcoin, cattle and topsoil. There is a lot of interest and discussion among the Bitcoin community surrounding our food supply chain, its fragility and solutions to the problem. There is a general consensus on what needs to happen: resilient, independent genetic cattle stock need to be reintroduced en masse into the U.S. […]

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French government pushes for one agency to regulate crypto across the EU

The proposal would result in uniform regulations for digital currency across the EU. The government of France has proposed that the European Securities and Market Authority, or ESMA, should regulate digital currency activity across the European Union. If enacted, this would establish a single authority over the crypto sector across the trading bloc and would create uniform regulations across the union through ESMA, as suggested by the French securities regulator, ​​Autorite des Marches Financiers, or AMF. The AMF’s proposal states: “Likewise, granting ESMA the power of direct […]

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US lawmakers don’t want Olympic athletes to use digital yuan at 2022 games

The trio urged the Olympic committee to work with federal agencies “to protect the privacy of American athletes from the Chinese Communist Government.” Three U.S. senators have signed a letter urging Olympic officials to forbid American athletes from handling digital yuan during the Beijing 2022 Winter Games. In a Monday letter to U.S. Olympic and Paralympic Committee board chair Susanne Lyons, Republican senators Marsha Blackburn, Roger Wicker, and Cynthia Lummis requested officials prevent U.S. athletes from using or accepting digital yuan given their allegation it can be […]

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3 reasons why Bitcoin Standard Hashrate (BTCST) price rallied by 50%

BTCST earnings per staked token increased after China cracked down on Bitcoin miners and the network’s hashrate dropped. China’s ongoing crackdown on Bitcoin (BTC) mining resulted in a mass relocation of mining operations out of the country and it has led to a more than fifty percent drawdown in the Bitcoin network hashrate from an all-time high of 197.9 exahash per second (ehash/s) on April 15 to its current rate at 97 ehash/s.  Bitcoin network mean hash rate. Source: Glassnode One token that was hit especially hard […]

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Polygon launches blockchain gaming and NFT studio

Through Polygon Studios, Polygon is attempting to corner two key segments of the blockchain industry: gaming and nonfungible tokens. Ethereum (ETH) infrastructure developer Polygon has spun off a new subsidiary to advance its work in blockchain gaming and nonfungible tokens, or NFTs, offering further insight into the company’s long-term growth strategy. The newly formed Polygon Studios has three core objectives: establish Polygon’s position as the leader in decentralized gaming; create a brand that attracts developers and investors to its NFT ecosystem; and position Polygon as the best […]

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Coinbase sued over Dogecoin Sweepstake ad Campaign

Plaintiff alleges “deceptive ad campaign” cost Coinbase users millions of dollars. A Coinbase user has filed a class action lawsuit seeking $5 million in damages because of an allegedly misleading Dogecoin campaign. In the legal document, David Suski, the plaintiff, said he was deceived into trading $100 of Dogecoin (DOGE) for an entry into a $1.2 million sweepstakes offer on Coinbase. The document claims that Coinbase failed to communicate that a person could enter the sweepstakes without purchasing $100 of Dogecoin. The first day Dogecoin was available […]

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Axie Infinity Down 40% Since Last Week’s Price High, Protocol Revenue Outshines Competitors

Last week, the game token leveraged within the Axie Infinity gaming universe skyrocketed to all-time highs, while other crypto markets remained extremely lackluster. During the last seven days, Axie Infinity’s platform token has dropped significantly in value shedding more than 12%. Meanwhile, the game platform’s smooth love potion token has slid over 8% over the last 24 hours. Axie Infinity Down More Than 40% Since All-Time High Not too long ago, the axie infinity (AXS) token was a topical conversation because it reached an all-time high on […]

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