Monthly Archives: January 2022

The Fight For Bitcoin: Us And Them

Why focusing on aspects of Bitcoin that distinguish it fights altcoin spam better than anything. The Fight For Bitcoin, Round Two “Haven’t you heard it’s a battle of words …” – Pink Floyd ‘Us and Them’ What really makes Bitcoin different? In The Fight for Bitcoin Round One: Water’s Warm Maximalism, much was said about how and why to engage in good, truth-bearing faith with nocoiners, altcoiners, and Bitcoin skeptics alike. But not a lot was actually said about what makes Bitcoin truly special and what specifically […]

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Bitcoin hits $37.5K, stocks recoup losses ahead of Wednesday’s FOMC statement

BTC and stocks bounced back from Monday’s onslaught as analysts speculate that the Fed’s upcoming rate hikes are beginning to be priced into the Bitcoin’s price action. The dominant sentiment of doom and gloom in the crypto market shifted toward hope on Jan. 25 after the price of Bitcoin (BTC) climbed to $37,500 briefly as stock markets staged a midday rally that recovered most of the losses from Jan. 24. Even with Jan. 25’s recovery, global markets remain in a state of flux, primarily due to uncertainty […]

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Grayscale Considering 25 More Crypto Assets for Investment Products

Grayscale, the world’s largest crypto asset manager, is considering 25 more crypto assets for investment products. With the latest additions, the company’s list of coins under consideration has grown to 43. “The process of creating an investment product similar to the ones we already offer is a complex, multifaceted process,” said Grayscale. 25 Crypto Assets Added to List of Coins Under Consideration for Grayscale’s Investment Products Grayscale Investments announced Monday that it has updated its list of digital assets under consideration for 2022. Grayscale currently has $30.6 […]

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Decentralised Metaverse Socialfi Platform Boom Enables NFT Display in Its App

While the latest news and information about cryptocurrency & NFT projects are better known through Web 2.0 social media companies such as Twitter, Instagram, and Youtube. There aren’t any decentralised social platforms available in the market that allows users to own the NFT while being able to display their NFT or Token assets on the social platforms. The cryptocurrency market is shifting towards a decentralised development of the internet which we called “Web 3.0”. Whereby. In simple terms, it is the idea of implementing the world wide […]

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IMF Urges El Salvador To Ditch Bitcoin

IMF directors said they see ‘risks’ in using bitcoin as currency and issuing bitcoin-backed loans. The executive board of the International Monetary Fund issued a statement on Tuesday urging El Salvador to remove Bitcoin’s legal tender status in the country, citing concerns over risks the digital currency allegedly poses to financial stability and market integrity. The recommendation from the IMF comes as directors seek to stir the Central American country back to a position of better odds of receiving the $1.3 billion loan it asked the international […]

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IMF urges El Salvador to remove Bitcoin’s status as legal tender

According to the IMF’s executive board, the use of Bitcoin as legal tender carried “large risks” related to financial stability, financial integrity, and consumer protection. Members of the executive board at the International Monetary Fund are urging lawmakers in El Salvador to no longer recognize Bitcoin as legal tender. The IMF reported on Tuesday that though digital payments had the potential to increase financial inclusion in the Central America nation, the use of Bitcoin (BTC) as legal tender carried “large risks” related to financial stability, financial integrity, […]

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Yet another solo Bitcoin miner solved a valid block, earning a reward worth over $220,000

Mining bitcoin without any help from a larger pool has become an increasingly-improbable feat over the last decade. Another Bitcoin (BTC) miner from the Solo CK mining pool has solo mined a new block on the Bitcoin blockchain, earning a block reward of 6.25 BTC (over $220,000 at current prices) as a result. The event took place on Monday at a block height of 720,175. Solo mining consists of attempting to validate blocks by a single miner, without teaming efforts with other miners on a mining pool, […]

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YouTube head of gaming Ryan Wyatt to resign and join Polygon Studios as CEO

“I am fascinated by blockchain app development and am beyond thrilled to enter the Web3 space,” says Wyatt. On Tuesday, Ryan Wyatt, head of gaming at YouTube, announced he would be leaving the video-sharing platform in February. Partly due to his leadership, YouTube Gaming sees over 250 million daily logged users per day with hundreds of billions of watch time each year. Wyatt cited his passion for blockchain and Web3 development in explaining his resignation. He will soon join Polygon Studios as its CEO. Polygon Studios is […]

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IMF Urges El Salvador to Drop Bitcoin Tender Law, Executive Board Report criticizes BTC Bonds, Chivo Wallet

The International Monetary Fund (IMF) has been very critical of cryptocurrencies and according to a report on Tuesday, the IMF’s board has “urged” El Salvador to discontinue its bitcoin tender status. A few members of the IMF’s board said the country’s decision to leverage bitcoin within its financial system could pose risks. IMF Report Attempts to Persuade El Salvador to Drop Bitcoin Legal Tender Status, Director’s Are Concerned About Bitcoin Bonds and Chivo Wallet’s Regulatory Oversight According to a report published by the IMF, a global financial […]

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Bitcoin Decouples From The Nasdaq Ahead Of Fed Meeting

Bitcoin is trading in green territory while the Nasdaq keeps sliding in anticipation of the FOMC meeting. The bitcoin price enters green territory on Tuesday and decouples from the Nasdaq index as tech stocks extend losses ahead of the Federal Reserve’s Federal Open Market Committee (FOMC) meeting. Bitcoin recovered quickly from a sharp drawdown on Monday as markets around the globe turned red in a unisonous risk-off movement. As BTC gains prestige among mainstream investors, mainly institutional players, the asset has increasingly been performing in close correlation […]

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