Monthly Archives: August 2021

The Last Week Has Proven Bitcoin Is Heading Upwards

It was only a matter of time before the price of bitcoin began to match the continued bullish advances in the market. 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 of the Week After briefly dipping below $43,000 on Monday, bitcoin has remained relatively steady around $46,000 during the week, briefly surpassing $48,000 over the weekend. It may be too early to call, but it appears as […]

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Bitcoin Is The Most Innovative Technology

In this piece, we dive into how Bitcoin scales, and the multilayer approach to Bitcoin. Build Your House On The Rock “Everyone then who hears these words of mine and does them will be like a wise man who built his house on the rock. And the rain fell, and the floods came, and the winds blew and beat on that house, but it did not fall, because it had been founded on the rock. And everyone who hears these words of mine and does not do […]

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Analysts say $46,500 is the key level for Bitcoin to flip to support

Bitcoin’s fundamentals remain strong but analysts pinpoint $46,500 as the key level to reclaim as support in order to preserve the current uptrend. The double-digit rallies seen from many altcoins shows traders are becoming increasingly bullish with the passing of each day, but maintaining this momentum will to some extent depend on Bitcoin’s (BTC) short-term price action. Data from Cointelegraph Markets Pro and TradingView shows that after touching the $48,000 price level during the early morning trading hours on Aug. 16 the price of BTC dipped below […]

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TikTok partners with crypto-powered music streaming platform Audius

According to Audius co-founder and chief product officer Forrest Browning, roughly 95% of users “have no idea that blockchain is even involved.” Music-sharing protocol Audius became one of the first streaming platforms to partner with TikTok, allowing users to directly share tracks to the popular app. In a Monday announcement, Audius said it had partnered with TikTok in the creation of a new feature called TikTok Sounds. According to a Rolling Stone interview with Audius co-founder and chief product officer Forrest Browning, the integration will allow users […]

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White Paper Published by Microsoft Describes an Ethereum-Based Tool to Combat Pirated Content

Researchers from Microsoft, Alibaba Group, and Carnegie Mellon University have published a paper that claims the Ethereum network can help prevent piracy. The paper, called “Argus: A Fully Transparent Incentive System for Anti-Piracy Campaigns,” describes how Argus is superior to existing solutions. Argus: An Ethereum-Powered Anti-Piracy Tool A study written by Xian Zhang, Xiaobing Guo, Zixuan Zeng, Wenyan Liu, Zhongxin Guo, Yang Chen, Shuo Chen, Qiufeng Yin, and Mao Yang shows researchers have developed a new blockchain-powered incentive system for anti-piracy campaigns. The authors come from Carnegie […]

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Wen Dogecoin moon? On-chain data and trading volumes suggest soon

On-chain activity and trading volumes at major exchanges have analysts convinced that DOGE is turning bullish again. The cryptocurrency market has had a wild ride thus far in 2021 as multiple sub-sectors like decentralized finance (DeFi), NFTs, meme coins and layer-two solutions have seen their TVL and token values skyrocket to new highs.  One of the biggest success stories of the year was been Dogecoin (DOGE), a simple ‘joke’ cryptocurrency that has morphed into a darling of the cryptocurrency sector. Interestingly, over the past month, the project […]

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Crypto developer will lead Twitter’s decentralized social media initiative

The new lead plans on hiring for the Bluesky team and “partnering closely with Twitter and other companies” as part of the next steps towards fulfilling the decentralized social media plan. Jay Graber, a former software engineer for Zcash and blockchain firm Skuchain, will be leading the anticipated decentralized social media initiative first announced by Twitter in 2019. In a Twitter announcement on Monday, Graber said they would be in charge of the Bluesky project after working closely with “a group of thinkers and builders” from the […]

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Samsung to Aid Bank of Korea in Central Bank Digital Currency Pilot Program

Samsung, the Korean tech giant, has decided to participate in a central bank digital currency (CBDC) program that is being carried out by the Bank of Korea. The company will be testing the feasibility of using these new instruments in its lineup of Galaxy phones, specifically assessing the possibility of making offline payments between peers. Samsung Participates in Korean Digital Currency Pilot Samsung, the Korean technology behemoth, has agreed to aid the Bank of Korea in running a test pilot for a central bank digital currency that […]

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CNBC Video Says Bitcoin Is Store Of Value But Not Currency, Misses The Big Picture

CNBC Portraying BTC As A Store Of Value Isn’t Pessimistic As It Outlines The Electronic Cash’s Path To Full Monetization. A recent CNBC.com video dealt with the current use cases for Bitcoin in the U.S., featuring a conversation discussing the merits of Bitcoin as a currency. Not surprisingly, many mainstream misunderstandings were showcased. “People aren’t really using bitcoin to buy everyday items, and that is partly due to the fact that not a lot of retailers give them the option to spend it,” said CNBC.com digital correspondent […]

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Traders seek hefty gains from altcoins while Bitcoin price consolidates

SOL, PRE and AR rallied more than 30% while Bitcoin price continues to consolidate around $46,000. Optimism across the cryptocurrency ecosystem continues to grow on Aug. 16 as multiple altcoins put on double-digit gains and Bitcoin (BTC) bulls defend the $46,000 support level.  Data from Cointelegraph Markets Pro and TradingView shows that the biggest gainers over the past 24-hours were Solana (SOL), Presearch (PRE) and Arweave (AR). Top 7 coins with the highest 24-hour price change. Source: Cointelegraph Markets Pro Solana hits a new all-time high In […]

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