Monthly Archives: January 2022

Jack Dorsey’s Payments Company Is ‘Officially Building an Open Bitcoin Mining System’

In mid-October 2021, Twitter founder Jack Dorsey revealed the payments firm Block Inc. (formally Square) was considering joining the bitcoin mining industry. Three months later, Dorsey tweeted that his firm was “officially building an open bitcoin mining system.” The Block’s Hardware General Manager: ‘We See Bitcoin Mining as a Long-Term Need for a Future That Is Fully Decentralized and Permissionless’ Jack Dorsey and the Block’s hardware general manager Tom Templeton discussed the company’s focus on bitcoin mining this week. Templeton explained that three months ago the Block […]

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‘AWS for Web3’ Pocket Network Shakes Up Infrastructure of the Internet

PRESS RELEASE. Tampa Bay, Florida, U.S.A – 16th January 2022 – Pocket Network – an infrastructure middleware protocol which facilitates decentralized cloud computing and abundant bandwidth on full nodes interoperable with DApps across all 21+ blockchains surpasses milestone 20,000 full nodes, answering a real and conceptual question around decentralization viability. Pocket Network incentivizes a global community of independent node operators and service providers running 21,000+ full nodes adding to the network’s resilience. Pocket Network is secured by over $320M worth of network infrastructure distributed globally across 23 […]

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3 reasons why Harmony (ONE) rallied back to its all-time high this week

Strong fundamentals, an influx of new users and a recently launched $300 million developer incentive are just a few reasons why ONE price is chasing a new all-time high. Bitcoin price is still a ways from its $69,000 all-time high but this isn’t stopping altcoins from moving toward new highs.  Data from Cointelegraph Markets Pro and TradingView shows that since hitting a low of $0.13 on Dec. 4, the price of Harmony (ONE) has risen 163% to establish a new all-time high of $0.38 on Jan. 14 […]

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Euro Inflation Hits Record Highs, ECB Not in Rush to Raise Interest Rates

The European Central Bank is concerned over inflation in the euro area rising beyond its own expectations, a high-ranking ECB official has admitted. However, Europe’s monetary authority is not prepared to raise interest rates at this point in time, the executive unveiled. ECB Sees No Reason to Adjust Interest Rates Despite Eurozone Inflation Reaching 5% Annual inflation in the area of the common European currency, the euro, has increased for a sixth consecutive month to a record high of 5% in December, according to preliminary estimates from […]

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The Habits Of Highly Effective HODLers

How can you maximize your bitcoin stack and the benefits you gain from it, while HODLing? As the title suggests, I’ll go over what I believe makes a good Bitcoiner with the hope of persuading you that being a HODLer is actually an important job that entails certain responsibilities. The outline roughly will be: The philosophical prerequisites of the HODLer’s mindset Impediments to adopting a personal bitcoin standard Practical takeaways Let’s go. We have an important role as Bitcoiners to always be orange-pilling, but to do so […]

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Top 5 cryptocurrencies to watch this week: BTC, NEAR, ATOM, FTM, FTT

If Bitcoin breaks above $45,500, select altcoins like NEAR, ATOM, FTM and FTT could turn bullish in the short-term. Bitcoin (BTC) has stopped its decline and is attempting a recovery along with select altcoins. Some traders have been fearing a massive sell-off in Bitcoin but Capriole CEO Charles Edwards said that Bitcoin’s worst crashes have happened “due to miner capitulation (December 2018 and March 2020), when BTC fell below production costs.” However, the current production cost of Bitcoin was $34,000, which is well below the current price. […]

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Foam Shoe Giant Crocs Files NFT and Digital Collectibles Trademark Application

According to a recent trademark application, Crocs, the American shoe company based in Colorado may be delving into the world of non-fungible tokens (NFTs). Since 2004, Crocs has sold 300 million pairs of foam clog shoes and the application describes a protocol that can manage and store digital collectibles. Crocs Trademark Filing Describes ‘Downloadable Virtual Goods Created With Blockchain Technology, Smart Contracts, in the Nature of Footwear’ A United States Patent and Trademark Office (USPTO) report filed on January 11, 2022, indicates that Crocs has an eye […]

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$2.5 Billion in NFT Sales This Week, Volume Climbs 161%, Meebits NFT Sales Surge

During the last seven days, there’s been $2.53 billion non-fungible token (NFT) sales, up 161% over the past week. Ethereum’s blockchain recorded the most NFT sales with $2.45 billion of the aggregate while the Solana network saw around $31.9 million in NFT sales this week. Across 258,536 NFT buyers this week, the NFT collection Meebits captured $1.23 billion in NFT sales. With $2.5 Billion in NFT Sales Across 10 Chains, Ethereum NFT Sales Dominate by More Than 96% A great number of non-fungible token sales continue, as […]

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Ukraine Demonstrates How Bitcoin Can Transform Developing Countries

The growth of bitcoin adoption in Ukraine offers a template for other countries where people seek dependable stores of value. This article describes the failure of centralized planning and government interventions in developing countries from the perspective of the Austrian school of economics. Numerous institutional and financial problems prevent ordinary citizens from achieving financial stability and economic freedom. The case of Ukraine is used to demonstrate the positive transformation that can be achieved via the growing adoption of Bitcoin. The relevant implications for personal finance, pensions, capital […]

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AI-generative art predicted to be next trend for NFT sector

NFT art created by AI algorithms brings new meaning to nonfungible tokens, but can artificial intelligence be trusted to produce a new genre of art? Sales of nonfungible tokens, or NFTs, reached $25 billion in 2021, demonstrating that the sector is one of the most sought-after markets in crypto. Art NFTs, in particular, made a big impact last year with Christie’s reporting over $93 million in nonfungible token sales during its fourth annual Art+Tech Summit that took place this past August.  While notable, much of the crypto art […]

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