Monthly Archives: August 2021

Here’s Why Bitcoin Will Rejuvenate Your Hope In Life

Although things may seem objectively bad right now, there is reason for hope. A gloomy outlook on the future is understandable, given the events of the past 18 months. But when we consider things from a wider perspective, we find that this is the best time in history to be alive. And it’s about to get much better, as with Bitcoin we have a chance to solve mankind’s last big problem. Imagine being born in 1920s Czechoslovakia. If you can’t, because you are not familiar with the […]

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Altcoin Roundup: Layer-one protocols chip away at Ethereum’s dominance.

Layer-one projects register a steady inflow of new users as the cost of using the Ethereum network gives projects like Avalanche and Cardano room to gain a foothold in the market. The rise of decentralized finance and nonfungible tokens has transformed the blockchain ecosystem and generated near unimaginable riches for investors, but none of this would be possible without the strong foundation offered by layer-one blockchain networks like Bitcoin and Ethereum.  Smart contracts and layer-two protocols promise to revolutionize the finance and logistics industry, but they require […]

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How Would Fed Tapering Affect The Bitcoin Market?

With the S&P 500 continuing to reach all-time highs almost daily, the talk of tapering by the Federal Reserve is rampant. 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. S&P 500 Drawdowns From All-Time High With the S&P 500 continuing to reach all-time highs seemingly almost daily, with the last 5% correction occurring 10 months ago, talk has […]

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Honduras gets its first Bitcoin ATM

The “la bitcoinera” machine allows crypto enthusiasts to purchase BTC and ETH using the local fiat currency provided they are willing to scan their IDs and disclose certain personal information. TGU Consulting Group, a Honduran company based in the capital of Tegucigalpa, has reportedly installed the country’s first Bitcoin ATM. According to a Friday Reuters report, TGU chief executive Juan Mayen led the move to install the Bitcoin (BTC) ATM in one of the capital’s office buildings. The “la bitcoinera” machine allows crypto enthusiasts to purchase BTC […]

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Jack Dorsey discusses plans to build a decentralized exchange for Bitcoin

First announced in July, Square’s TBD unit is developing a “non-custodial, permissionless, and decentralized financial services” business whose “primary focus is Bitcoin.” Square CEO Jack Dorsey said that the platform’s latest Bitcoin venture would be developing a decentralized exchange.  In a Friday tweet, Dorsey said that TBD — either referring to the fact the business’ name is to be determined or simply the name itself — would be focused on building a decentralized exchange for Bitcoin (BTC). According to project leader Mike Brock, TBD, a unit of […]

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Canadian investment firm plans to plant trees matching buys in Bitcoin ETF

The investment firm filed the application for its Bitcoin ETF with Canadian securities regulators in February. Accelerate Financial Technologies is planning to match each investment in its pending Bitcoin exchange-traded fund with the planting of thousands of trees. According to a Friday report from Bloomberg, the Calgary-based investment services company has pledged to plant 3,450 trees for every $1 million CAD — roughly $792,000 at the time of publication — invested in its Bitcoin (BTC) exchange-traded fund, or ETF. The move is part of Accelerate’s aim to […]

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Price analysis 8/27: BTC, ETH, ADA, BNB, XRP, DOGE, DOT, SOL, UNI, LUNA

Bitcoin and altcoins saw a strong bounce off their respective support levels, a sign that traders are still buying on dips. Asset managers and companies currently hold over 6% of Bitcoin’s (BTC) circulating supply, according to Buy Bitcoin Worldwide. A breakdown of the data shows Bitcoin fund issuers and asset managers hold about 4% of Bitcoin’s supply, public companies account for nearly 1% and private companies own roughly 0.83% of the cryptocurrency’s supply.  It’s clear that institutional investors have continued to add crypto to their portfolios and […]

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Still too early to know if Bitcoin will remain top dog, Wall Street vet says

Will other crypto assets ever overtake Bitcoin in market cap? Daniel Strachman weighs in. Bitcoin has thus far remained the largest crypto asset in terms of market capitalization since its launch in 2009. Given the thousands of other cryptocurrencies that have come into existence over the years, could any of them ever become larger than Bitcoin (BTC) in terms of market cap? “We are in the top half of the second inning of crypto and right now it looks like BTC will remain at the top however, […]

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Cointelegraph Consulting: Going down the Metaverse

The metaverse allows people to interact with one another, digital objects, and the physical world through their avatar in a virtual environment. As NFT sales appear reanimated after a nearly two-month dry spell from its apex in May, a particular NFT application is gaining popularity more than ever: Metaverses. Metaverses have gained its fair share of media attention lately, with big moves coming from companies like Facebook and Epic games. However, not everyone — even those who have been in crypto for a long time — has […]

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Bitcoin price stages a comeback as 3 indicators reflect BTC’s strength

The futures premium, top traders’ long-to-short ratio and options skew all signal that pro traders still feel positive about Bitcoin price. Bitcoin (BTC) price is still 4.4% down from its Aug. 23 high at $50,500, leading some traders to question whether the local top marked the end of the recent 34-day long bull run. Even with the current correction, derivatives data and the maneuvers of professional investors are not flashing any bearish signals. Bitcoin price in USD at Coinbase. Source: TradingView On Aug. 24, prominent technical analyst […]

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