Monthly Archives: September 2021

Every $1 The Fed Spends On Bitcoin Could Produce $100 In Wealth

If the institution intends to continue existing, it should consider acquiring the most sound money known to man. Quantitative easing (QE) is a term used to describe when the Federal Reserve buys assets from private markets. Typically, the Fed purchases longer-dated bonds, including Treasury notes and mortgage-backed securities (MBS), but during the pandemic, it has even purchased corporate junk bonds. It does this for a variety of reasons, including (but not limited to) lowering interest rates, liquifying the banking system, ensuring proper functioning markets, and inducing a […]

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Inside Ukraine’s Bitcoin Bill

The Ukrainian Parliament passed a law that legalized and regulated bitcoin in the country, providing official clarity on the asset which was not previously clear. On September 8th, 2021, the Ukrainian Parliament passed a law that legalized and regulated bitcoin in the country. The bill drafted in 2020 passed with a total of 276 lawmakers supporting the law, and only six against it. The main purpose behind this bill seems to provide clarification on the asset and protect those who own bitcoin, as it was not previously […]

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Altcoin Roundup: High Ethereum fees kick-start a liquidity migration to layer-1 platforms

Ethereum competitors and layer-one projects are capitalizing on the network’s untenable gas fees by launching mining and developer incentives that are also boosting token prices. In the ever-evolving world of cryptocurrencies and blockchain technology, the race to establish a highly scalable, user-friendly network capable of being adopted on a global scale is a never-ending marathon where new competitors regularly join in on the race.  Bitcoin is undoubtedly the market leader when it comes to network security, active users and market capitalization value, while Ethereum has thus far […]

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Why The Bitcoin Lightning Network Doesn’t Work (Yet)

Although the technology is promising, this article hopes to address the flaws that are present. So I guess I should start this off with a disclaimer: I actually love the Lightning Network. It’s one of my favorite parts of the Bitcoin protocol stack and I’ve followed it pretty closely for years. If Lightning didn’t exist, I would still own Bitcoin, but I would be much less optimistic about its potential future. I don’t see many real alternatives to scaling that don’t involve custodians, trust and the erosion […]

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Open Sea’s NFT volume down 50% after monumental surge in August

The leading NFT platform records a natural decline in sales volume after surpassing $4B in August; an industry-record. Following a colossal surge of $4B sales volume throughout the month of August for the leading non-fungible token, or NFT, marketplace OpenSea, recent figures indicate a metaphoric return to earth after a propulsion to the mighty heights of the moon. NFT marketplaces have largely paralleled the bearish momentum witnessed across the cryptocurrency markets across the last week, as platforms, collections and floor prices all suffer corrections. Analytical data from […]

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Crypto Trading, Mining Are Illegal and Punishable, Nepal Central Bank Warns

Mining and trading of cryptocurrencies are illegal in Nepal, the country’s central bank has reminded citizens of the Himalayan nation. The regulator also warned that participating in such activities would entail penalties as per the current legislation. Despite its position, however, the Nepalese have continued to invest in bitcoin, media reports reveal. Engaging in Illegal Crypto Activities is Punishable by Law, Nepal Rastra Bank Says in Notice Cryptocurrency trading and mining are punishable as they are illegal in the country, the Nepal Rastra Bank (NRB) remarked in […]

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PocketNet Changes Name to Bastyon and Releases Private Messaging App With PKOIN Chat Payments

Bastyon’s messaging app would include end-to-end encryption, no link to phone number or any other metadata making it the most private messenger. Pocketnet, the social network based on proof-of-stake blockchain technology, enters a new phase of growth by changing its name to Bastyon and by releasing a brand new private messaging component. This new crypto chat app contains state-of-the-art end-to-end encryption and will not use any personally identifiable information from the user. One of the most interesting features of this messenger is its ability to send crypto […]

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Former CFTC brass joins Andreessen Horowitz as an advisor

The company has brought former United States CFTC commissioner Brian Quintenz aboard its operation. Crypto regulation has become an increasingly relevant topic over the past several years. To address these legal ins and outs amid the ever-changing regulatory waters, VC firm Andreessen Horowitz has called upon a previous leader of the United States Commodity Futures Trading Commission’s, or CFTC, to join its team. “As part of our larger effort to make sure we have a world-class support system in place when it comes to policy and regulatory […]

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Survey: 48% Of Brazilians Want To Make Bitcoin A Legal Currency

Brazilians were the biggest supporters of El Salvador’s move among all countries surveyed and want to replicate that in their country. A survey performed by Sherlock Communications through the research platform, Toluna, found that 48% of Brazilians think their country should adopt bitcoin, with 31% agreeing and 17% strongly agreeing with the idea, reported local news outlet Valor Investe. Besides Brazilians, the study also surveyed people from Argentina, Colombia, Costa Rica, El Salvador, Venezuela, and Mexico. “Brazilians were the biggest supporters of recognizing bitcoin in the region, […]

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Bitcoin Prevents Monetary Control, Whether Those In Control Like It Or Not

The peer-to-peer monetary network doesn’t discriminate between race, gender, religion, or political inclination. A Wall Street Journal report has claimed how bitcoin adoption in Afghanistan has catapulted since Kabul fell for the Taliban as citizens seek ways to put their hands on hard money in the midst of a political crisis and monetary sanctions from the U.S. and the International Monetary Fund (IMF). The report also commented on how such a move could “pose security concerns” if the Taliban itself were able to circumvent U.S. restrictions with […]

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