Monthly Archives: May 2022

Pizza Day, A Day Of Regret And Fantasy

As we enter the Bitcoin holiday weekend, it’s a good time to reflect on the incentives that lead us to celebrate Pizza Day. Pizza Day is a day of regret. We all know the story. Laszlo Hanyecz buys two Papa John’s pizzas and some lucky guy got 10,000 BTC on this day 12 years ago. The story is like that of Peter Minuit buying Manhattan Island for $24. We can hardly believe that such a thing was possible given its value today. The story has a lot […]

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Jack Dorsey’s Block Wants To Create Economic Empowerment With Bitcoin

Among Block’s initiatives to further the Bitcoin ecosystem shared in its 2022 Investor Day is the development of an open-source bitcoin mining ASIC chip. Block’s overarching purpose is to drive economic empowerment in the world and Bitcoin plays a central role in that mission, its chief executives said during the firm’s first Investor Day since 2017 on Wednesday. “We believe Bitcoin is going to have a profound impact on financial services, particularly as a tool for economic empowerment and as a global currency for the Internet,” Block’s […]

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Robinhood Launching New Non-Custodial Web3 Crypto Wallet

Trading platform Robinhood is launching a non-custodial, web3 cryptocurrency wallet. “Customers will be able to hold the keys for their own crypto,” the company said. Robinhood Building Non-Custodial, Web3 Wallet Popular trading platform Robinhood announced Tuesday that it is “building a brand new non-custodial, web3 wallet that will allow customers to have total control of their crypto.” The announcement details: This new, multichain, web3 wallet will launch as a standalone app … Customers will be able to hold the keys for their own crypto. In addition, customers […]

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SEC chair uses crypto enforcement in justification for FY2023 budget

“We’re not trying to grow really significantly, but resources to grow at least six percent to grow our enforcement arm in this space,” said Gary Gensler. Gary Gensler, chair of the United States Securities and Exchange Commission, or SEC, has cited concerns about cryptocurrency enforcement in its budget request for the next fiscal year. In written testimony for a Wednesday hearing of the U.S. House Committee on Appropriations, Gensler said he supported President Joe Biden’s request to budget more than $2.1 billion for the SEC in FY2023, […]

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Candidate supported by Bankman-Fried-linked PAC loses Oregon primary

Record spending in a Democratic House primary could not give a political newcomer the boost he needed to overcome a local politician with a long career. Andrea Salinas has won the Democratic primary election for the newly created Oregon 6th District seat in the United States House of Representatives. Practically since it started, the election race was the object of intensive media attention, which most often centered around Salinas’ opponent Carrick Flynn, whose campaign was generously funded by the Protect Our Future political action committee (PAC) backed […]

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Yield Curves, Inversion, The Eurodollar And Bitcoin

With indications of inflation appearing on the horizon, how can bitcoin serve as a safeguard against the impact? What is the yield curve? What does it mean when it’s inverted? What is yield curve control (YCC)? And how does the eurodollar fit into all this? Inspirational Tweet: Link to tweet thread. As Lyn Alden explains in this thread: “…the 10-2 curve is saying, ‘we’re probably getting close to a possible recession, but not confirmed, and probably many months away…’” Let’s break that down a bit, shall we? […]

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Socios fan tokens rally 40%+ after Chiliz rolls out mainnet upgrade and token burn plan

A new exchange listing, mainnet launch and competitive token burn mechanism led to a sharp rally in Socios fan tokens. In times of high stress and market turmoil, sports entertainment has served as a valuable escape for people around the world as they get a chance to root for their favorite players and teams while briefly forgetting about the worries of the world.  Amid the ongoing market volatility and falling crypto prices, sports fans have cause to rejoice as multiple fan tokens have bucked the downtrend on […]

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Was Terra’s UST cataclysm the canary in the algorithmic stablecoin coal mine?

After an earthquake, there are always aftershocks. The collapse of UST could be a sign that other stablecoins are also critically flawed. The past week has not been an easy one. After the collapse of the third-largest stablecoin (UST) and what used to be the second-largest blockchain after Ethereum (Terra), the depeg contagion seems to be spreading wider.  While UST has completely depegged from the U.S. dollar, trading at sub $0.1 at the time of writing, other stablecoins also experienced a short period where they also lost […]

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Billionaire Investor and Galaxy Digital CEO Mike Novogratz Addresses the Terra LUNA and UST Fallout

On May 18, the billionaire investor and crypto proponent Mike Novogratz published a post about the recent Terra blockchain fallout. Novogratz and his firm Galaxy Digital were big believers in the Terra project, and the investor even got a LUNA-centric tattoo on his arm. Despite the recent events and losses, the crypto economy felt this past week, Novogratz stressed that he still firmly believes the “crypto revolution is here to stay.” Novogratz Reflects on Terra’s Demise: ‘It’s Time to Talk About Last Week’ Just recently, Bitcoin.com News […]

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Bitcoiner Jobs Wants To Get You Working Full Time In Bitcoin

A new service is aiming to bridge the gap between employees who want to find work in the Bitcoin industry and employers at Bitcoin companies. We spoke with the two people who are part of the team behind the popular website, Bitcoiner Jobs, geared toward the orange-pilled workforce. Nathan Dennis and Cory Klippsten cocreated Bitcoiner Jobs with the goal of connecting Bitcoiner employers with Bitcoiner employees. Many Bitcoiners are interested in making the leap from the fiat-mining jobs and finding a career in Bitcoin. Often, those people […]

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