Monthly Archives: January 2022

Expanding Crypto Market Caps by 500% to 1,300%: Stablecoin Issuance Saw Significant Growth Last Year

As crypto-assets grew immensely in value last year, the growth of the stablecoin economy swelled as well and today, there’s $170.24 billion worth of stablecoins in circulation. Data indicates that over the last 12 months, a slew of stablecoin valuations grew exponentially. 12-Month Stats Show Stablecoin Market Valuations Saw Massive Growth Last year, numerous crypto assets touched all-time high (ATH) prices as current data highlights the crypto economy’s significant growth in 2021. Moreover, fiat-pegged tokens, commonly referred to as stablecoins, have also seen massive growth as centralized […]

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Luxor Launches Bitcoin ASIC Trading Desk

The bitcoin mining services provider said it would purchase and sell rigs on behalf of its team and miners and investors on its network. Luxor Technology Corporation has launched an ASIC trading desk to bridge the gap between interested buyers and sellers in the secondary market of bitcoin mining rigs. The bitcoin mining services provider said it would purchase and sell the application-specific integrated circuits for BTC mining on behalf of its team, miners, and investors to offer rigs at fair market prices. “Our goal is to […]

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Binance Labs backs $200M Oasis Ecosystem Fund

The VC firm has thrown its weight behind several blockchain projects with a focus on Web3, decentralized finance and cross-chain capabilities. Binance Labs, the venture capital (VC) arm of the Binance cryptocurrency exchange, announced Tuesday that it will contribute to Oasis Foundation’s $200 million ecosystem development fund, sending a strong signal that major investors were still keen to back emerging projects on alternative blockchain networks.  With the investment, Binance Labs joins other prominent VC firms in supporting the Oasis Network, an alternative smart contract platform that intends […]

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How Bitcoin 2021 Redefined The Importance Of In-Person Celebration

The biggest Bitcoin event in history welcomed more than 12,000 enthusiasts to celebrate together in real life, proving that this decentralized, open-source software project is a cultural force to be reckoned with. This article first appeared in Bitcoin Magazine‘s El Salvador print edition. To get this piece of Bitcoin history sent directly to you, subscribe now. There’s nothing inherent about Bitcoin that necessitates in-person gatherings. In fact, much of the success of the open-source software project can be attributed to the fact that it’s natively digital, decentralized […]

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FTX founder urges regulators to create a unified crypto framework

FTX exchange founder and CEO calls out regulators to create a single regulatory framework for digital assets. Sam Bankman-Fried, the founder and CEO of crypto exchange FTX, reportedly called out regulators to create a single framework for digital assets in the Asian Financial Forum, an event organized by Hong Kong’s government to highlight new opportunities within the region’s economic landscape. The businessman pointed out that instead of focusing on determining whether assets are securities or not, regulators must focus on consolidating the regulations and creating a rule book […]

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Green and gold: The crypto projects saving the planet

While the world argued about the ethics of crypto, these projects changed the world for the better during 2021. It seems as though the potential benefits of cryptocurrency are often overshadowed by the technology’s inherent vulnerability to exploitation.  And it’s true, crypto adoption does come with risks. Over the past year, governments from around the world have raised concerns that crypto could be used to finance terrorism or other illicit activity like money laundering. There have been prohibitive measures everywhere from China to Nigeria, with many crypto […]

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Coinbase, PayPal join TaxBit Network for free crypto tax forms

TaxBit wants to prevent crypto users from spending “thousands of dollars per year” to generate crypto tax forms. Crypto tax compliance firm TaxBit is working to unite major industry companies like Coinbase and Binance.US within one network to enable free 2021 tax forms for users. The crypto tax software provider on Tuesday launched the TaxBit Network, a certified network aiming to democratize crypto tax calculations and tax forms by providing necessary tax reporting data to all network users for free. The TaxBit Network at launch includes about […]

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Down From the Peaks: A Look at How Far Crypto Assets Have Slid From Their All-Time Highs

Digital currencies had a phenomenal year, and a great deal of the crypto assets in existence reached all-time high (ATH) prices against the world’s fiat currencies. However, the same digital currencies that tapped ATHs last year are currently down a great deal in value, as numerous cryptocurrencies have lost 30% or more since 2021’s price highs. Crypto Values Are Lower Than Last Year’s Price Highs 2021 was a good year for crypto assets as numerous blockchain networks swelled in fiat value as billions upon billions were added […]

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The Blockchain-Based Webtoon Platform “TooNFT” Launches on Toomics’ Ecosystem

PRESS RELEASE. Tortola, BVI, 10 Jan 2022: Anyone who has been paying attention to the world of NFTs (non-fungible tokens) will know that people love investing in cartoon-themed initiatives. Whether it be the immensely popular canine-oriented cryptocurrencies like Dogecoin (DOGE) and Shiba Inu (SHIB), or perhaps even well-known NFT collections like The Bored Ape Yacht Club (TBAYC), the fact remains that as far as investing is concerned nowadays, toons continue to play an important role. With that being said, ‘TooNFT’, a blockchain-oriented webtoon platform, recently made it […]

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Bitcoin Is Not Democratic Part One: Problems With Democracy

As the concept of “democracy” regresses before our eyes, Bitcoin presents a new way of ordering society and incentivizing progress. “…the proponents of government intervention are trapped in a fatal contradiction: they assume that individuals are not competent to run their own affairs or to hire experts to advise them. And yet they also assume that these same individuals are equipped to vote for these same experts at the ballot box. We have seen that, on the contrary, while most people have a direct idea and a […]

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