Monthly Archives: January 2022

While BTC’s Price Slid Lower, a Miner Spent an 11-Year-Old Block Reward from 2010 Worth $1.8M

Following the large string of block rewards from 2010 spent in November 2021, no block rewards from that year were discovered in December and throughout the next month up until January 21. On Friday, an 11-year-old block reward originally mined on November 22, 2010, was transferred for the first time since being idle for more than a decade. Block 93,276: The First 2010 Block Transferred in 2022 The first recorded 2010 block subsidy reward has been transferred on Friday, after close to two months of zero 2010 […]

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KICK․IO Launchpad: The New Haven of Cardano “Venture Capitalists”

Crypto gains are not as good as they once were. The much-anticipated journey towards a more mature crypto space has been accompanied by a noticeable slide in the previously exponential returns that excited both retail and institutional investors alike. In the current investment climate, the more established tokens are becoming less volatile and the returns from ‘hodling’ are simply not as great as they once were. Naturally, while there is a lot of natural variation in investors’ portfolios, the industry-wide trends mean that today’s crypto returns are […]

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Animoca Brands doubles valuation to $5B, OpenSea tops $3.5B in January volume, Microsoft eyes Metaverse gaming: Hodler’s Digest, Jan. 16-22

Coming every Saturday, Hodlers Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more a week on Cointelegraph in one link. Top Stories This Week NFT-focused Animoca Brands valued at $5B following $358M raise NFT and virtual property-focused firm Animoca Brands secured $358 million worth of funding earlier this week at a valuation of $5 billion. The company said the fresh funds will go towards financing strategic acquisitions […]

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3 possible reasons why Polkadot is playing second fiddle in the L1 race

The timing of parachain auctions and the lack of interoperability with Ethereum may have impacted Polkadot’s token price and its competitiveness against other layer-1 protocols. 2021 was a sort of “coming-of-age” for many layer-one (L1) blockchain protocols because the growth of decentralized finance (DeFi) and nonfungible tokens (NFTs) forced users to look for solutions outside of the Ethereum (ETH) network where high fees and network congestion continued to be barriers for many. Protocols like Fantom (FTM), Avalanche (AVAX) and Cosmos (ATOM) saw their token values rise and […]

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El Salvador Plans to Offer Crypto Loans to Small-Scale Entrepreneurs

The government of El Salvador will offer cryptocurrency-based loans to small companies. Conamype, the National Commission for Micro and Small Enterprises, will be the link between the investors and a decentralized finance protocol called Acumen, that will be able to provide funding in stablecoins. The aim being to help small investors that have no credit history in the country. Small Companies in El Salvador to Receive Cryptocurrency-Based Loans Small companies in El Salvador will be able to receive funding to power their companies with cryptocurrency. The program […]

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Predictions: Real Estate Before And After Hyperbitcoinization

If bitcoin truly becomes the standard, and we denominate all value in bitcoin, what would the real estate market look like? This article attempts to predict what the transition to hyperbitcoinization will look like through the lens of the real estate market. Naturally there are elements of fun and fantasy to this exercise. Part 1 covers the transition. Part 2 will explore what the real estate market could look like on a Bitcoin standard. The U.S. dollar has lost. Bitcoin is the new global money. Hyperbitcoinization has […]

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How should DeFi be regulated? A European approach to decentralization

The question for DeFi regulation: Is there an “owner” of the platform who can be held accountable for complying with the regulations? Decentralized finance, known as DeFi, is a new use of blockchain technology that is growing rapidly, with over $237 billion in value locked up in DeFi projects as of January 2022. Regulators are aware of this phenomenon and are beginning to act to regulate it. In this article, we briefly review the fundamentals and risks of DeFi before presenting the regulatory context. The fundamentals of […]

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New Payment System Seeking to Bolster Intra-African Trade Goes Live

A new continent-wide payment system that seeks to strengthen African fiat currencies, as well as to boost intra-Africa trade, recently went live. Discussions about onboarding more African countries are still ongoing. SMEs the Main Beneficiaries of the Payment System A new African payment system, the Pan-African Payment and Settlement System (PAPSS), recently went live in Ghana, setting the stage for its rollout across the continent. The payment system seeks to strengthen African fiat currencies as well as to boost intra-Africa trade. The payment system — the brainchild […]

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Finance Redefined: Secret’s $400M fund, and 1inch expanding, Jan. 14–21

Secret Network launched a $400 million DeFi fund and 1inch integrated Avalanche and Gnosis protocols — all coming to you in this week’s Finance Redefined. Welcome to the latest edition of Cointelegraph’s decentralized finance newsletter. Following a bearish decline for many of the leading decentralized finance (DeFi) tokens, it is within the fundamental news where the optimism for growth and prosperity lies. Read on to hear about the most impactful DeFi stories of the last seven days. What you’re reading is the shorter, snappier version of the […]

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Buyback-and-burn: What does it mean in crypto?

When considering price volatility in digital marketplaces, buyback-and-burn strategies in crypto offer long-term price stability and token value growth. Are buybacks the way forward? Self-investment by businesses is not new and has long been a standard tool for price stabilization (or inflation) in the traditional financial market. Binance, Nexo and others are among the projects that have carried out buybacks. Nexo’s buyback, for example, was motivated by the core development team’s conviction in the asset’s significant undervaluation. As a result, they decided to decrease the number of […]

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