Monthly Archives: January 2022

Exploring The Thesis That Bitcoin Miners Can Replace Global Consensus

U.S. National Defense Fellow Jason Lowery argues that Bitcoin’s proof-of-work consensus model can replace our reliance on military might for digital property and money. An intriguing narrative on Bitcoin emerged this year around the physical security offered by its proof-of-work consensus method. This narrative evolved from Jason Lowery, a commissioned officer in the U.S. Space Force and a U.S. National Defense Fellow enrolled in MIT, whose full-time job is to research Bitcoin for the U.S. Department of Defense (DoD). His opinions on the topic are his own […]

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What Would Einstein Have Made Of Bitcoin?

The great physicist Einstein would certainly have understood the simplicity and irreplicable nature of Bitcoin’s creation and structure. I’ll start with some bad news. Unfortunately, the world of cryptocurrency has somewhat misappropriated Einstein’s name. There is the Canadian Einstein exchange, which collapsed into thin air in 2019. There is also the recently released Einstein token, part of whose timeline I note below. The website’s roadmap reads:  “April 2021, Phase 1, Launch of website and social media channels. Creation of an overarching marketing strategy; multiple partnerships with influencers […]

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Sega will likely not introduce NFTs for play-to-earn if ‘perceived as simple money-making’

The company previously announced plans to expand into NFTs through a partnership with Japanese game developer double jump.tokyo. The leadership at video game firm Sega Corporation’s holding company has suggested that they may avoid nonfungible tokens in play-to-earn model games based on the response from users. In a Dec. 14 meeting of Sega Sammy Holdings’ CEO Haruki Satomi, senior executive vice president Koichi Fukazawa, and Sega Corporation president Yukio Sugino, the trio said they needed to “carefully assess” how to potentially introduce nonfungible tokens, or NFTs, into […]

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Pocket Network Announces Closing of Its Strategic Private Sale to Accelerate Network Development & Global Expansion

PRESS RELEASE. Pocket Network exceeded $56,000,000 in monthly revenues in December placing it in the Top Five revenue producer for blockchains globally surpassing many well known chains. Tampa Bay, Florida, U.S.A – 6th January 2022 – Pocket Network – an infrastructure middleware protocol that provides decentralized cloud computing and abundant bandwidth on full nodes to other applications across 20 blockchains, including Ethereum, Polygon, Solana and Harmony has closed a strategic round of $10 Million led by Republic Capital, RockTree Capital, Arrington Capital and C2 Ventures, as well […]

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Crypto Biz: The Rise of the Bitcoin Treasury, Dec. 30–Jan. 6

Michael Saylor’s MicroStrategy showed corporations that holding Bitcoin on their balance sheet is a viable strategy to hedge against inflation. The price of Bitcoin (BTC) cratered below $43,000 on Thursday in a selloff that was stoked by the Federal Reserve’s renewed pledge to start unwinding its pandemic stimulus support. For the so-called diamond hand investors among us, the decline presents an attractive entry point to continue accumulating BTC at discount rates.  2021 was the year that institutions and corporations became major movers and shakers in the Bitcoin […]

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Here’s why Bitcoin traders say a drop to $38K is the worst case scenario

BTC’s drop to $42,230 sent a key sentiment indicator to an “extreme” low, but top traders are confident that a bounce off $38,000 would confirm the bottom. The fallout from the Federal Reserve’s recent hawkish comments about raising interest rates as soon as March continued to weigh heavily on the cryptocurrency market on Jan. 6. The Crypto Fear & Greed index has been dialed down to 15 and some traders are lamenting the possible start of an extended bear market.  Crypto Fear & Greed Index. Source: Alternative Data […]

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Human Rights Foundation to grant 425M satoshis as part of its Bitcoin Development Fund

Various educational and developmental Bitcoin projects from around the world have now been granted funding, according to the Foundation. The Human Rights Foundation announced on Tuesday that it intends to distribute 425 million satoshis — the smallest divisible unit of a Bitcoin — to various contributors as a part of its ongoing Bitcoin Development Fund. Launched in May 2020, the Bitcoin Development Fund is primarily focused on improving the Bitcoin network’s privacy, usability and security. The Foundation said that it will focus this particular round of grants […]

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Report: Pakistan Likely to Earn Billions From Cryptocurrency

According to a document produced by a Pakistani policy advisory board, the country is likely to earn billions of dollars from crypto-asset holders. Yet for this to happen, the country first needs to create the appropriate regulatory framework for crypto assets. Cryptocurrencies Could Boost Reserves Pakistan may potentially raise billions of dollars from crypto assets held by its nationals or by residents with dual citizenship, a policy document produced by the Federation of Pakistan Chambers of Commerce & Industry (FPCCI) has said. According to a report in […]

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Satoshi’s Seed: From Mental Slavery To Bitcoin Emancipated Identities

By basing Bitcoin design around self determination versus game mechanics, we lean in to and encourage more naturally-rich learning and creative experiences. “Biomimicry is innovation inspired by nature. In a society accustomed to dominating or ‘improving’ nature, this respectful imitation is a radically new approach, a revolution really. Unlike the Industrial Revolution, the Biomimicry Revolution introduces an era based not on what we can extract from nature, but on what we can learn from her.” — Janine Benyus Where we are headed appears more complicated than perhaps understanding […]

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Fed’s Minutes Report ‘Bludgeons’ Global Markets — Stocks, Crypto, Precious Metals Slip in Value

Minutes from the U.S. Federal Reserve’s policy meeting on December 14-15 show that the central bank is being persistent about unwinding quantitive easing (QE) tactics and that it views ultra-low interest rates as no longer necessary. Global markets immediately dropped after the news was published as stock markets roiled, crypto markets shed billions, and precious metals like gold slipped a hair in value as well. US Central Bank Policy Meeting Suggests the QE and Low-Interest Rate Fiesta Is Coming to an End, Global Markets Lose Billions Recently […]

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