Monthly Archives: August 2021

Bitcoin Price Volatility And How Risk Management Is A Vote Of Confidence

The bitcoin price has historically been volatile and managing investment risk is the key to avoiding another major market sell off. The day that bitcoin becomes less volatile is the day that mass adoption will begin. Or is it that mass adoption will minimize volatility on bitcoin? This is one of the most popular debates in our space as market participants try to speculate when the volatile price action of bitcoin will get smoother. Those who know me are familiar with my stance on the subject: Mass […]

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Bitcoin Will Fix The Triffin Dilemma

As the U.S. sees wealth disparity increase due to the dollar’s status as a world reserve currency, Bitcoin offers an alternative. The below is from a recent edition of the Deep Dive, Bitcoin Magazine‘s premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox, subscribe now. “The Triffin dilemma or Triffin paradox is the conflict of economic interests that arises between short-term domestic and long-term international objectives for countries whose currencies serve as global reserve […]

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No gear, no problem! 3 ways to earn Bitcoin through cloud mining and staking

Operational costs are high, but Bitcoin miners are making money hand over fist. Here’s how to join them and profit. Bitcoin’s (BTC) rapid recovery above $46,000 has renewed calls for a $100,000 BTC price by the end of 2021, while the effects of China’s crackdown on the mining industry are slowly beginning to fade as the Bitcoin network hash rate shows signs of recovery. Bitcoin mean hash rate vs. price. Source: Glassnode One of the side benefits of China’s crackdown is that it has lowered the barriers […]

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US Inflation Continues to Rise Amid Lockdown Talk, Producer Prices Jump 7.8%, Biden Blames OPEC

The United States is facing severe inflation despite the Federal Reserve and mainstream media doubling down on saying the loss of purchasing power is just “transitory.” This week consumer and producer metrics from July have been published by the U.S. Bureau of Labor Statistics and inflation is growing stronger. July CPI Stats Show a Jump to 5.4%, Producer Prices Skyrocket by 7.8% President Joe Biden has been compared to Jimmy Carter as Americans are witnessing the rebirth of stagflation. The term “stagflation” was very relevant during the […]

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Explaining Basis Of Lightning Technology (BOLT) 12

Explaining Lightning Network specification BOLT 12 and how it works with the Bitcoin Layer 2 protocol. Watch This Episode On YouTube Listen To This Episode: BitcoinTV Apple Spotify Google Libsyn Overcast Sjors is back! In this episode of “The Van Wirdum Sjorsnado,” hosts Aaron van Wirdum and Sjors Provoost discussed BOLT 12 (Basis of Lightning Technology 12), a newly-proposed Lightning Network specification for “offers,” a type of “meta invoice” designed by c-lightning developer Rusty Russell.  Where coins on Bitcoin’s base layer are sent to addresses, the Lightning […]

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Reports suggest that a mainstream tech giant holds shares of Coinbase stock

End of Q2 holdings for Intel showed a small stack of COIN shares, valuing between $500,000 and $1,000,000 at time of publication. Over the course of 2020 and 2021, the cryptocurrency industry has attracted a notable amount of mainstream attention. In line with the growing awareness of the crypto industry, Intel, a tech company with history dating back to the 1960s, revealed an investment in crypto exchange Coinbase (COIN).  Although a number of specifics remain unknown, such as when the purchase occurred, required Q2 financial disclosure from […]

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Polkadot (DOT) price rallies 100% and derivatives data points to more upside

Strong fundamentals on the development side and derivatives data suggest that the DOT price could extend its 100% rally over the short-term. Polkadot (DOT) is a blockchain project designed to interconnect sub-chains called parallel chains or parachains. Each application-specific chain built within Polkadot uses the Substrate modular framework, and this is meant to ease the development process. The project has been at the center of developers’ and investors’ attention for most of 2021, but the sharp market-wide correction on May 19 dealt a heavy blow to the […]

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Leading DeFi Charity Platform MUNCH Unites the Crypto World With New ‘Charity Circle’

PRESS RELEASE. Charitable company MUNCH will lead a philanthropic effort called Charity Circle, which will donate to charitable global causes using ETH. 13th August 2021, London, UK — Leading DeFi charity platform MUNCH has announced ‘Charity Circle’ – a philanthropic effort led by Munch to encourage DeFi projects to donate to charitable causes through sending Ethereum to Munch’s smart contract, Charity Circle will trustlessly and automatically donate to the current charity selected by the Munch community. MUNCH and Partnerships MUNCH is a DeFi cryptocurrency that uses blockchain […]

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Polygon acquires Hermez Network for $250M, will merge native tokens

“We believe this is in a way a historical moment since this will be (to the best of our knowledge) the first full-blown merger of two blockchain networks,” said Polygon. Layer-two protocol Polygon will be merging ZK-rollup project Hermez Network into its ecosystem for $250 million worth of MATIC tokens. In a Friday announcement, Polygon said Hermez would become a part of the network’s suite of solutions under the name Polygon Hermez. The 26 people in the Hermez team as well as its tech and solutions — […]

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Antifragility: Bitcoin Hashrate Has Begun Recovering From Chinese Crackdown

Once again, Bitcoin demonstrates why it is the best money, the people’s money; China did ban mining, but it is finding a new home. ​Ever since China started instituting a nationwide crackdown on bitcoin mining, the country has been losing its spot as the industry’s hotbed. As companies were ordered to pull the plug and probed from maintaining operations in the country, the total Bitcoin hashrate started declining rapidly. But now, as miners are successfully finding a new home and rebooting operations, the hashrate has been trending […]

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