Monthly Archives: December 2021

Bitcoin’s Price Doesn’t Matter: Adoption Does

While many people focus on the price of bitcoin and its volatility, the true metric of success is adoption. Bitcoin: a new and complex technology that almost nobody is able to explain to you. Yet people always talk about bitcoin; however, they don’t focus on the technology, but rather on the price. The bitcoin price swings are often used by both supporters and detractors to proclaim bitcoin’s success or impending failure. For instance, there are outlandish predictions claiming price predictions of up to $1 billion per bitcoin, […]

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Analysts say Bitcoin’s open interest wipeout ‘will give way to further upside’

Bitcoin’s drop to $42,000 obliterated its open interest and liquidated a large swath of leveraged traders, but analysts say OI resets typically provide great buying opportunities. The weekend is upon us and fear remains the dominant short-term sentiment in the cryptocurrency market. Earlier today Bitcoin (BTC) price dropped to $47,250 and investors are biting their nails after data from the U.S. consumer price index (CPI) shows inflation reaching a forty-year high at 6.8%. Data from Cointelegraph Markets Pro and TradingView shows that a midday push by bulls […]

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Blockasset Pushes the Limits of NFTs and Fan Tokens, Empowers Sports

On the 4th of November, one of Times Square’s Countdown screens lit up with artworks depicting five iconic sports heroes, Alexander Ovechkin and Muhammad Ali among them. The ‘LeGENds’ NFT drop was held by Blockasset: a Solana-based sports platform aimed at providing better engagement models for athletes and their fans by pushing the limits of NFTs and fan tokens. Each NFT was masterfully drawn by a world-famous artist Dosbrak, and dedicated to one of the 5 sports icons: Alexander Ovechkin (hockey), Wayne Rooney (soccer), Muhammad Ali (boxing), […]

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How Taproot Brings Major Benefits To Bitcoin Hardware Wallets

While we’ve explored Taproot before, here we pay particular attention to how the upgrade will impact hardware wallets. Taproot recently activated on Bitcoin’s mainnet. The inclusion in Bitcoin’s protocol, however, is only the first step in actually reaping the benefits of Bitcoin’s latest upgrade. “It’s been a long story that started in a diner in Los Altos, CA where Greg Maxwell, Andrew Poelstra and I somewhere in January 2018 had lunch.” – Pieter Wuille’s thread on the backstory of Taproot development and activation The recent Bitcoin upgrade may be […]

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Nifty News: Pepsi’s debut drop, 1inch expands P4 Metaverse and Tom Brady gifts NFTs

Pepsi and VaynerNFT drop free genesis collection, 1inch and Parts of Four partner to expand the P4 Metaverse, Tom Brady gifts NFTs on Autograph and Pantone releases the Color of the Year 2022 with Tezos Cointelegraph has had a lot of NFT related news this week from pop culture to sports and gaming. Below is a roundup of stories you don’t want to miss.  Pepsi and VaynerNFT team up Pepsi launched their Mic Drop genesis NFT collection made up of 1,893 generative style NFTs on the Ethereum […]

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Gitcoin Deactivates Grant for Farsi Speaking Communities Due to U.S. Sanctions

Gitcoin, an organization that helps fund open source projects around the Ethereum blockchain, has deactivated a grant due to it being directed to individuals from a sanctioned country. The grant, called “Free Smart Contract Development Course for Farsi Speaking Communities,” was directed and organized by an organization called Women in Blockchain Farsi. The move created a huge backlash on social media against this decision. Gitcoin Defunds Farsi Speaking Community Grant Gitcoin, an organization that promotes open-source software and other innovations around the Ethereum blockchain through the use […]

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Thinking Outside The Box With Upstream’s New Black Box For Home Bitcoin Mining

Upstream Data CEO Steve Barbour joins Bitcoin Magazine for an exclusive interview on their latest mining product, the Black Box. There’s a revolution brewing in Northern Canada on the Alberta-Saskatchewan border where Steve Barbour and Upstream Data are building new equipment for home mining bitcoin. The winter temperature in Lloydminster is well below zero but Barbour, CEO and founder of Upstream is on a mission, both to decentralize mining and build out better equipment ranging in size from large mining rigs and huts to smaller blackboxes for […]

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Blockchain folk hero Nandy Martin hopes to build a better community for Haitians in Miami

So far, Martin has the support of both Cardano’s founder Charles Hoskinson and Miami’s District Commissioner Jeffrey Watson. Haiti, a Western Caribbean country torn by a tragic past, natural disasters, poor leadership, and ineffective foreign aid, is not a country that comes to people’s minds when they think of blockchain adoption. For years, Haiti has been among the world’s poorest countries in terms of GDP per capita, as per data from the World Bank. But Haitian-Canadian entrepreneur Nandy Martin, colloquially known as Captain Haiti for wandering the […]

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South Africa’s financial regulator plans to introduce framework aimed at protecting vulnerable crypto investors: report

“What we want to be able to do is to intervene when we think that what is provided to potential customers are products that they don’t understand that are potentially highly risky,” said Unathi Kamlana. Unathi Kamlana, the commissioner of South Africa’s Financial Sector Conduct Authority has reportedly said the government’s rollout of a crypto framework would be aimed at mitigating any potential risks. According to a Friday report from Bloomberg, Kamlana said the financial regulator planned to present a regulatory framework early in 2022 intended to […]

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Former SushiSwap CTO writes short reflection about leadership failures at blockchain DEX

“In the end, ultimately, I failed to deliver because of my compounding failures and will incorporate this knowledge into my next project,” said Delong. On Friday, Joseph Delong, former chief technology officer of decentralized exchange, or DEX, SushiSwap, published a brief reflection of experiences during his tenure. Delong unilaterally resigned two days prior, citing internal structural chaos among developers behind the popular DEX. In explaining his decision, Delong outlined failures to scale operations, lack of organization skills, problematic contributors, and poor communication as the primary reasons. On […]

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