Monthly Archives: August 2021

Profiting Big From Bitcoin DCA

After running the numbers it’s clear as day that dollar-cost averaging into bitcoin over time is a very profitable strategy! Dollar-cost averaging (DCA) is defined as purchasing at determined intervals regardless of price, and has proven to be one of the most effective and safest ways to accumulate bitcoin. It allows the individual to mitigate bitcoin’s wild volatility, and have peace of mind in their saving strategy. DCA is also not only good for your net worth, but it’s also good for Bitcoin. As Hass McCook explains […]

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3 reasons why Gitcoin (GTC) price has rallied 100% in a month

A push to decentralize the grant distribution process, new DAO governance features and a growing ecosystem all back GTC’s 100% rally over the past month. As the blockchain industry expands and becomes more of a fixture in everyday life, the idea of ‘one chain to rule them all’ and the general ideology of blockchain maximalism is beginning to fall to the wayside and the focus on interoperability and cross-chain collaboration is coming to the forefront. One project that is specifically designed to help advance the ecosystem as […]

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Treasury to the rescue? Officials to clarify crypto tax reporting rules in infrastructure bill: report

Speaking on condition of anonymity, an official has reportedly told Bloomberg that the Treasury Department is planning to clarify the definition of “broker” in the recently passed infrastructure bill. The United States Treasury Department is reportedly seeking to clarify the definition of brokers in the bipartisan infrastructure bill passed by the Senate last week, offering cautious reassurance that the new legislation won’t impact innovation and growth in the blockchain industry.  As reported by Bloomberg, the Treasury Department is preparing guidance on what types of crypto companies will […]

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Central Bank of Iran Should Regulate Cryptocurrencies, Securities Watchdog Says

With bitcoin mining being a regulated activity in Iran, the head of the country’s securities and exchange regulator believes the central bank has to turn its attention to cryptocurrencies. The regulator is ready to consider accommodating crypto trade when digital assets are regulated. Capital Market Regulator to Look Into Crypto Trading if Central Bank Regulates Cryptocurrencies Iran’s Securities and Exchange Organization (SEO) has no immediate plans for hosting cryptocurrency trade in the country’s capital market but that may change if cryptocurrencies are properly regulated. That’s according to […]

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Leonicorn Swap Token ($LEOS) Is Now Trading on BitMart

PRESS RELEASE. BitMart has listed $LEOS, the utility token powering the Leonicorn Swap platform. Based on the Binance Smart Chain (BSC) ecosystem, the $LEOS token is also available on the PancakeSwap decentralized exchange. $LEOS is the native token from the Leonicorn Swap, a decentralized exchange (DEX) created to solve the issues found in the current centralized and decentralized exchange ecosystem, providing a full suite of Decentralized Finance (DeFi) products in a single platform. At its core, the Leonicorn Swap exchange aims to tackle the most common issues […]

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Top 5 cryptocurrencies to watch this week: BTC, ETC, LUNA, KLAY, AXS

Bitcoin bulls are looking for BTC to rebound off a support zone and if confirmed, ETC, LUNA, KLAY and AXS could push higher. Bitcoin (BTC) is facing a stiff challenge from the bears near the $48,000 mark. As Cointelegraph reported earlier, the buy and sell levels show that sellers on Binance have held their ground at $48,000. PlanB, the creator of the stock-to-flow Bitcoin price model, said if Bitcoin manages to close August above $47,000, the year-end “worst-case scenario” target price of $135,000 may come into play. […]

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The 50th Anniversary of ‘Nixon Shock:’ How Suspending the Dollar’s Convertibility With Gold Fueled Today’s Fiat World

Approximately 50 years ago today, Americans were introduced to ‘Nixon Shock’ when the 37th president of the United States suspended the convertibility of the U.S. dollar into gold. Since this point in time, the U.S. economy has never been the same as many believe Richard Nixon ushered in a new era of uncontrollable fiat currency creation. 50 Years Ago Today, Nixon Shook the World Today is the anniversary of when U.S. president Richard Milhous Nixon told the American public on August 15, 1971, that the administration along […]

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Bitcoin Is The Best Explanation For The Way Money Is

A Weekly Series Of Essays About The Language Of Bitcoin by Alex McShane Lingua Contra Imperium  The Language Of Bitcoin: 1 TL;DR – We have dug ourselves in trouble by way of varying measures of monetary expression. Bitcoin gives us, at the very least, a standard unit with which to measure the distance to the surface. The two substances, bitcoin and U.S. dollars, are so unalike in composition that one can scarcely call them by one name. And thus, bitcoiners refer to U.S. dollars for what they […]

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GoSats launches Bitcoin cashback rewards card in India

Users will be able to earn yield paid in BTC on all the rewards they’ve accumulated through the app. Bitcoin (BTC) rewards company GoSats has launched a new cashback rewards card for customers in India, potentially setting the stage for wider mainstream adoption of digital assets in the world’s second-most populous country.  The new product is being introduced in partnership with the National Payments Corporation of India, also known as NPCI, which is a not-for-profit organisation dedicated to promoting digital payments and settlement systems across the country. […]

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Mi Store Portugal Reveals Crypto Acceptance, Xiaomi Says ‘Decision Was Made Without Knowledge or Approval’

On August 5, the Mi Store in Portugal announced that it was accepting cryptocurrencies including bitcoin, ethereum, tether, and dash. At the time, the Mi Store Portugal said it was working with the blockchain payments company Utrust in order to be more “inclusive.” However, the Mi Store parent company Xiaomi Corporation, which stems from China, responded to the store’s decision to accept crypto and said it does not control the “autonomy of third-party stores.” Mi Store Portugal’s Crypto Acceptance Decision Didn’t Go as Planned Digital currency fans […]

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