Monthly Archives: January 2022

The Fight For Bitcoin: The Keys To Victory

The key to Bitcoin lies in the keys — and scaling based upon the understanding of current shortcomings and where improvements are needed. The Fight For Bitcoin: Round Four “Nothing is built on stone; all is built on sand, but we must build as if the sand were stone.” – Jorge Luis Borges There is no such thing as digital scarcity. Information always yearns to be free, and with the advent of the transistor, and later the microprocessor, the compression of the universe’s infinite states has never been […]

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An At-Home, 2.4 PH Bitcoin Miner On Immersion Cooling And Getting Paid For Heat

Coin Heated, a bitcoin miner who runs an immersion-cooled, 2.4 petahash operation at home, discusses his set up and future of the industry. This piece is part of a series that features interviews with Bitcoin miners about their experiences setting up and scaling mining operations, as well as their views on the direction of the mining world. If you are mining Bitcoin and want to share your knowledge and story — the ups, downs and innovations — reach out to the author on Twitter @CaptainSiddH. For this […]

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Cardano network at record capacity due to SundaeSwap launch, but not all users hail it as a success

“This has been a huge disappointment. I’ve tried 20 times minimum to swap ADA for Sundae and nothing has gone through,” says a disgruntled SundaeSwap user. According to both Cardano Blockchain Insight and pool.pm, the Cardano (ADA) network has maintained record capacity for nearly two weeks due to the launch of decentralized exchange, or DEX, SundaeSwap, the first of its kind to go live on Cardano. At the same time, the total value locked for the ADA blockchain reached a record of approximately $80 million, despite the […]

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Vitalik Buterin suggests making NFTs ‘soulbound’ like World of Warcraft items

NFTs are known for their transferability and commercial viability, but there are also downsides to those features, according to Buterin. In a blog post published Wednesday, Vitalik Buterin, co-founder of Ethereum (ETH), expressed his wishes to make nonfungible tokens, or NFTs, soulbound as with the namesake item class in popular MMORPG World of Warcraft, or WoW. In outlining his reasons, Buterin explained that if someone shows they own an NFT that is obtainable by doing X, such as attending an auction, it is not possible to tell […]

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Anchor protocol’s reserves head toward depletion due to lack of borrowing demand

With too many depositors chasing high yields and a lack of borrowers, Anchor interest rates appear to have become unsustainable. Anchor, the flagship savings protocol of the Terra Luna (LUNA) ecosystem, has seen its reserves decline by 35.7% in the past seven days, according to Terra.Engineer. Since the beginning of December, the amount of Terra USD Stablecoin (UST) held in the “terra1tmnqgvg567ypvsvk6rwsga3srp7e3lg6u0elp8” smart contract has declined by over 50%, with only $35.7 million remaining. As a savings protocol, users deposit their UST assets via their wallets and earn […]

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LBank Exchange Will List Shibnobi (SHINJA) on January 30, 2022

PRESS RELEASE. INTERNET CITY, DUBAI, Jan. 27, 2022 – LBank Exchange, a global digital asset trading platform, will list Shibnobi (SHINJA) on January 30, 2022. For all users of LBank Exchange, the SHINJA/USDT trading pair will be officially available for trading at 21:00 (UTC+8) on January 30, 2022. DeFi has caught widespread attention across the globe in recent years, but there are still many problems needed to be addressed in the DeFi space, like the lack of user-friendly tools across networks. As an innovative passive income token […]

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Biden Administration To Regulate Bitcoin As A Matter Of National Security: Report

The White House wants to bring order to the ‘haphazard approach’ that is currently being employed by regulators to Bitcoin and cryptocurrency. The White House wants to set out a cohesive set of policies to regulate Bitcoin and cryptocurrencies as currently legislation and its enforcement are scattered across sectors and agencies, according to multiple reports. The Biden administration will release an executive order in the coming weeks to task federal agencies with assessing the risks and opportunities that Bitcoin and cryptocurrencies pose, Bloomberg first reported. The order […]

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What Is Nakamoto-Gresham’s Law, And How Does It Pertain To Bitcoin?

We know the idea of Gresham’s law — but it cannot be applied directly to bitcoin without some modification. Bitcoin is money. That means it’s openly competing with the incumbent fiat monetary regime. A co-circulation of two types of money isn’t unprecedented, and the economic principle that describes the outcome is known as Gresham’s law. Applying Gresham’s insight to the bitcoin-fiat dynamic, we find that HODLing is economically rational under current conditions. “Good and bad coin cannot circulate together.” — Thomas Gresham, 1558 The Hierarchy Of Monetary Needs […]

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House members urge US Treasury Secretary to clarify definition of broker in infrastructure law

“We must ensure requirements imposed on the digital asset ecosystem are both crafted and implemented in such a way to ensure the United States remains at the forefront of financial innovation,” said the letter to Janet Yellen. A bipartisan group of members from the U.S. House of Representatives called on Treasury Secretary Janet Yellen to clarify the language in the infrastructure bill signed into law in November around the definition of “broker”. In a Wednesday letter, House Financial Services Committee ranking member Patrick McHenry and ten other […]

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Crypto Biz: Ripple takes the high road, Jan. 20-26

Ripple’s ongoing battle with the SEC isn’t stopping the blockchain payments company from carving out a stronger position in the market. Blockchain payments company Ripple made it abundantly clear this week that it’s not letting its feud with the United States Securities and Exchange Commission (SEC) hold back its business plans. On Wednesday, the company announced it had repurchased all Series C shares that it issued to private investors back in December 2019 — even though a court ruling in 2021 said it didn’t have to. This […]

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