Apparently, Intel Is Getting Into The Bitcoin ASIC Game
Intel thinks it can deliver Bitcoin ASICs much more efficiently at lower cost, but I’ll believe it when I see it.
Bitcoin’s Plan To Fix The Crowdfunding Problem?
Crowdfunding has been around for some time now, and although it has been a hard time for some projects to gain funds, bitcoin could be the answer. Let’s look at the root of the troubles and how crypto could potentially address them. Related Reading | Downward DOGE: Descending Dogecoin Pattern Predicts Deadly Drop The In’s and Outs… Crowdfunding is a practice where you can donate money – including cryptocurrencies such as Bitcoin, Litecoin, and more cryptocurrencies – to projects, associations or people to develop ideas. It is a very powerful mechanism and tool for innovation and supporting social enterprises. Different platforms, such as Kickstarter and Indiegogo have not taken their foot off the brakes; the web 2.0 crowdfunding movement, which has led to the creation of several billion-dollar tech startups, like Oculus, and raised millions of dollars for thousands of causes, is ripe for development. Crypto crowdfunding has the potential to be a network that connects people and their ideas. Today, crowdfunding is dramatically narrowed by its reliance on legacy finance, which limits the vast majority of the world from accessing it. Although this is good in theory, and has worked thus far, the major issue is the reliance on the legacy financial infrastructure, that is not only costly but globally fragmented. BTC: Bitcoin bouncing back after hitting all time high in November 2021. | BTC:USD tradingview.com Most crowdfunding platforms are only found in 30 countries. To date, the costs of operating crowdfunding in this network are very high, due to the many mediating third parties involved. The average crowdfunding platform charges a 7% fee per successful project. Could crypto’s aggressive transaction fees beat out traditional competitors? Crowdfunding & Crypto: A Pair Of Aces… Many platforms have had a hard time with the tight reliance of legacy financial infrastructure; this has made some crowdfunding platforms move over to the “web 3.0” model. One big example is Kickstarter, who has decided to move from its reliance on Stripe to creating its own crowdfunding protocol on other blockchains. This may make sense for equity-based crowdfunding, which can enable the platform and it’s users to invest in new companies and their ideas. A prime example of these worlds coming together was just last year with Bitcoin Smiles, which raised roughly 1.8 BTC. Bitcoin Smiles was an initiative aiming to raise funds and provide free dental care to impoverished people living in rural areas of El Salvador. Another project that can be used as an example is Kivéclair, a development project that educates people about bitcoin in the Democratic Republic of the Congo. Although these are only few examples of early crowdfunding in crypto, these do provide a valid source and hope that bitcoin can still rally through its community of caring bulls and bears. Related Reading | Bitcoin Millionaires Are Flocking To This North American Tax Haven. But What Do The Locals Think? Featured image from Pexels, Charts from TradingView.com The writer of this content is not associated or affiliated with any of the parties mentioned in this article. This is not financial advice.
JPMorgan: Ethereum Losing Ground to Other Crypto in NFT Market Due to High Transaction Fees, Congestion
JPMorgan has told its clients that ethereum is losing ground to rival cryptocurrencies, such as solana (SOL), in the non-fungible token (NFT) market due to sky-high transaction fees on the network. “It looks like, similar to defi apps, congestion and high gas fees has been inducing NFT applications to use other blockchains,” said JPMorgan. Ethereum […
Grayscale Bitcoin Trust Discount Hits Record Low
Shares of the Grayscale Bitcoin Trust (GBTC) hit record lows against net asset value.
Jack in the Box ends suit against FTX for allegedly stealing its mascot
Jack in the Box and FTX have come to an undisclosed settlement over the mascot related copyright suit, suggesting that the Moon Man’s days may be over in its current form.
Robinhood crypto wallet testing is live: 1,000 users can now withdraw
The popular stock and crypto trading platform will allow crypto withdrawals to a limited number of users who signed up for the crypto wallet waitlist program.
Why “Smart Contracts For Bitcoin” Really Means “Buy My Altcoin”
Navigating the duality of Bitcoin development in 2022 is going to be a major challenge for the community.
OpenDAO (SOS), LooksRare (LOOKS) and WTF token: 3 airdrops, with 1 scam
NFT investors are demanding that marketplaces recognize and give value to their users, prompting competitors like LOOKS, SOS and WTF to launch ambitious vampire attacks on OpenSea.
Binance’s CZ Explains Why Banning Crypto Ads Won’t Affect Demand
Several regulators around the globe have taken a hostile approach around crypto exchanges and crypto-related companies by forbidding them to advertise the industry to the general public. However, Binance’s CEO Changpeng Zhao thinks this will not affect the high demand of the market. Curbing Crypto Ads Crypto-related firms have been accused by international regulators of marketing their services with misleading messages that undermine the risk digital assets investments could possess to users. Spain, U.k., and Singapore have banned the advertisement of crypto to different extents. In Singapore alone, crypto exchanges and other licensed companies can only publish ads on their own websites and mobile apps to avoid reaching the general public. The country’s ban includes “any form of advertisements or promotional materials in public areas such as Singapore public transport, public transport venues, broadcast media or periodical publications, third party websites, social media platforms, public events or roadshows.” “MAS stresses that DPT service providers should conduct themselves with the understanding that trading of DPTs is not suitable for the general public. These Guidelines set out MAS’ expectation that DPT service providers should not promote their DPT services to the general public in Singapore.“ Spain requires a pre-approval for any crypto advertisement directed towards an audience of 100,000 or more people and all ads and must include a warning like such: “Investments in crypto-assets are not regulated. They may not be appropriate for retail investors and the full amount invested may be lost.” In the U.K., authorities have banned several ads that they have claimed to be “irresponsible and took advantage of consumers’ inexperience or credulity.” Related Reading | Fidelity Says What We’ve Been Thinking: Countries & Central Banks Will Buy BTC Why It Won’t Affect Price The price of cryptocurrencies is driven by demand and supply, meaning the interest users have in the market and the availability of each digital coin. For this reason, the effects that bans might have on the adoption of cryptocurrencies are believed to be important for the future of the market. Binance CEO Changpeng Zhao (also known as “CZ”) alleged during a CNBC International interview that the reason why regulators take this approach on advertisements is that the crypto industry has a huge demand. Even though the CEO thinks these bans could slow down the industry’s growth, CZ is not worried about the macro picture because he thinks the demand for crypto is so high that curbing crypto ads will have little impact. Changpeng Zhao claimed that most users are driven to the crypto industry through “word of mouth” marketing rather than ads. “Clampdown on crypto advertising is unlikely to have much of an effect on demand, as most of the crypto users come from word-of-mouth promotions anyway.” CZ noted that Facebook and Google opposed crypto ads for a long time and even though they are giant platforms that reign over the internet, this has not affected the adoption of digital assets. Binance is the largest crypto exchange in the world and it recently withdrew its application to start a cryptocurrency exchange in Singapore after facing pressure from the country’s regulators over concerns of risks and consumer protection. The exchange, however, has not lost interest in conducting business in the country. The global regulatory framework is miles away from becoming clear, and Binance is working to adapt and comply, taking “strategic, commercial and developmental” considerations. CZ stated that Binance hasn’t driven its eyes away from Singapore for the country might change its regulatory framework later on. The future location of Binance headquarters remains a mystery. CZ said they are exploring “everywhere in the world.” The CEO noted that Binance is working with many authorities to help them build a comprehensive regulatory framework for the crypto market. Related Reading | Binance’s CZ Wants Entrepreneurs To Create Coins. Does His Argument Make Sense? Crypto Total Market Cap At the time of writing, the global market cap of cryptocurrencies sets its price at $1,8 trillion, showing a decline of %3 in the daily chart.
Mad Money’s Jim Cramer Warns About Dogecoin — Says DOGE Is a Security, SEC Will Regulate
The host of Mad Money, Jim Cramer, has warned about dogecoin (DOGE). He said that the meme cryptocurrency is a security and will be regulated. He also questioned the supply of dogecoin. Jim Cramer’s Dogecoin Warning Jim Cramer, the host of CNBC’s Mad Money, warned about investing in dogecoin (DOGE) Thursday. Cramer is a former […
I Only Hold 1 Bitcoin, Real Vision CEO Raoul Pal Reveals
Millionaire investor Raoul Pal has revealed how much he owns of bitcoin, a cryptocurrency that he has been known to actively promote in the past. In what was a shocking revelation, the CEO and founder of Real Vision posted his bitcoin holdings on Twitter, which turned out to be lower than everyone’s expectations. Pal disclosed that he only owned a measly 1 bitcoin. Why Does Raoul Pal Only Own 1 Bitcoin? The CEO got into a heated Twitter argument with Greg Foss after Foss insulted Pal. In a response to another user who defended the CEO saying they liked him, Foss explained that he was “just calling out the BS.” This is where Pal came into the conversation demanding to know what exactly it was that Foss was accusing him of as he’d like to know. Related Reading | Bitcoin Millionaires Are Flocking To This North American Tax Haven. But What Do The Locals Think? Foss continued on to explain that he did not agree with Pal promoting his trading mechanism to other traders who were less inclined to understand how it worked, pointing towards bond math. Pal however disagreed with Foss’s assessment, stating that he did not hold his views on bonds as a philosophy, rather just a mechanism which he uses to trade. The argument continued on, eventually culminating in Pal stating how much bitcoin he owned, which it turns out is a single bitcoin. The founder and CEO of Real Vision explained that it was because of the bitcoin community’s approach to inclusion that led to this decision. Pal lamented the exclusion of others from the space who happen to share a different viewpoint from the accepted majority. BTC price recovers above $43,000 | Source: BTCUSD on TradingView.com “This is why I hold only one bitcoin, the community has lost sight of inclusion and you sir, are helping reduce the network effects by excluding people who don’t share your view from the network,” said the CEO. It eventually ended with Greg Foss conceding and acknowledging he was wrong to have attacked Pal in the first place. In a separate tweet, Foss tendered an apology to the CEO, stating that he regretted his actions. Some times you pick a fight with the captain of the opposing team (cuz u are fed up and want to brawl) That is rarely a smart move. Tonite I chose that path and I regret my actions. I apologize to @RaoulGMI I made a rookie error. We have bigger battles to fight. GF — Greg Foss 🇨🇦 (@FossGregfoss) January 20, 2022 Not Completely Out From Crypto Despite his views on the bitcoin community, Raoul Pal has not entirely ruled crypto. Even bitcoin has not been completely ruled out as evidenced by his tweet stating that he does own one BTC. However, Pal has moved on to other things in the crypto space. Given his comments not too long ago, the CEO is now more bullish on ethereum compared to bitcoin. Related Reading | Bitcoin Implied Volatility Plummets To Pre-Bull Market Levels: What This Means Pal noted back in November that he expected ethereum to continue to outperform bitcoin given its performance in previous months. The millionaire investor still holds a well-rounded bullish view on bitcoin but expects ethereum to be the better investment of the two going forward. A month before this, Pal had received that he made the biggest personal position of his life in ethereum. He explained that he is long the digital asset which he placed at the $20,000 mark by the second quarter of 2022, less than six months away from now. Featured image from iGaming.org, chart from TradingView.com
Achieving Network Privacy In Bitcoin: VPNs And Tor Help, But Mixnets Are Needed
Bitcoin’s public and immutable nature necessitates the return of mixnets to achieve true network-level privacy.
Top Reasons To Why THETA Is On The Verge Of a Breakout ?
The post Top Reasons To Why THETA Is On The Verge Of a Breakout ? appeared first on Coinpedia – Fintech & Cryptocurreny News Media| Crypto Guide
Bitcoin has been on the decline for several days, but it is likely to recover this week. When that happens, keep an eye on Theta; its momentum may continue even if Bitcoin’s upward trend fades. Theta, a decentralized cryptocurrency, is down 3.49 percent today after briefly crossing the $4 mark (THETA/USD) yesterday. Theta’s current price …
ETH Price Entered Accumulation Zone ! Can ETH HODLERS Expect Bullish 2022 For Ethereum?
The post ETH Price Entered Accumulation Zone ! Can ETH HODLERS Expect Bullish 2022 For Ethereum? appeared first on Coinpedia – Fintech & Cryptocurreny News Media| Crypto Guide
Bitcoin and Ethereum are poised for extreme volatility, with multiple on-chain measures pointing to a market low. Still, in order to resume their upward trajectory, these cryptocurrencies must clear a big hurdle. Ethereum appears to have entered an accumulation zone, attracting investors who had been sitting on the sidelines back into the market. Ethereum in …
Yield App Launches V2, and It’s More Than Just a New Look
Yield App – the official digital asset wealth management partner of premier league football club West Ham United – has unveiled the hotly anticipated Version 2 (V2) of its platform, just 11 months since it launched in February 2021. In this short time, Yield App has garnered more than 70,000 users and more than $420 […
Understanding Money Is Key To Understanding Bitcoin
Only by reflecting on the fundamentals of how we transact can we understand what money is and how bitcoin is another evolution of money.
Crypto Stories: Vitalik Buterin talks creating Ethereum in previously unreleased 2014 interview
Part of Cointelegraph’s Crypto Stories on YouTube, the series highlights the power of crypto to change the lives of people all over the world.
Twitter Blue rolls out NFT profile pics for iOS
The feature can only be used by paid Twitter Blue users on iOS.
Australian Football League Bags $25 Million Sponsorship Deal With Crypto.com
Sponsorship deals have become part of the measures that crypto-related companies employ in widening the knowledge and acceptance of cryptocurrency, one of the recent deals in the Australian Football League (AFL) and Crypto.com. Most of these sponsorships have been on sporting teams, with more football and basketball. This deal comes as the number 1 primary crypto sports sponsorship for AFL as this deal with Crypto.com will be backing its women’s league (AFLW). The sponsorship deal, about $25 million, is expected to last for five years. It depicts an increase from the current $18.5 sponsorship contract AFL has with Toyota. Related Reading | Solo Ethereum Miner Hits The Jackpot With 170 ETH For Mining A Block This Crypto.com partnership with AFL represents its first sponsorship for an Australian sports team. Also, it stands as the initiating move from the crypto exchange in supporting an elite women’s sports competition globally. Reacting to the milestone created by the sponsorship, Kylie Rogers confirmed that she is proud to be a part of it. The general manager said that the AFL is proud of receiving the honor as the first Australian Sports league and the global elite women’s competition to partner with Crypto.com. She stressed their excitement in working with a company with the same passion. And for the progress and sustainability of elite sports and technology. Reason Behind Sponsorship Deal With Crypto.Com Karl Mohan, the general manager of Asia and Pacific of Crypto.com, is on his part. He revealed that his company’s attraction came from the high volume of interested women in cryptocurrency. Mohan stated that their latest research on their Australian customers revealed female investors in cryptocurrencies were over 53%. The general manager mentioned that such a discovery is quite encouraging. According to Mohan, this indicates that crypto adoption in Australia cuts across all levels without any inhibition from either gender or background. So, Crypto.com is pleased to serve as their beck-on-call platform for any of their crypto-related activities. In August, a survey from CNBC disclosed that women’s participation in crypto investments is far below half of their male counterparts. The report indicated that while 16% of men were involved, only 7% were recorded. The Singapore-based crypto exchange, Crypto.com, provides many crypto services to its customers. These include digital wallets, crypto-backed debit cards, and others. In addition, the crypto exchange has had several sponsorships deals from sports brands within the past few months which amounts to more than $1.5 billion. Related Reading | Bitcoin Implied Volatility Plummets To Pre-Bull Market Levels: What This Means Crypto.com, in June ending, bagged a $100 million sponsorship deal with Formula 1. This was followed closely with its July partnership with the UFC worth over $175 million. Furthermore, mid-November saw the company with a new agreement of renaming the Staples Center in Los Angeles to the Crypto.com Arena. The deal worth over $700 million is expected to cover the next 20 years. Featured image from Pixabay, chart from TradingView.com
Russia Just Suggested A Blanket Ban On Bitcoin And Cryptocurrency
Russia has proposed a full ban on crypto, this includes both mining and use of cryptocurrencies. The country’s Central Bank suggested that the trading of cryptocurrencies must come to a stop immediately. In the report put forth in an online press conference, the Russian government along with the Bank of Russia suggested this regulatory measure. This blanket ban on cryptocurrency was tied to risks of financial instability and rising illegal activities. The digital asset apparently posed a serious threat to the sovereignty of Russia’s monetary policy. Russia holds the third rank in bitcoin mining after US and Kazakhstan. This recent ban on cryptocurrency comes right after the Central Bank of Russia displayed interest in securing information from commercial banks in respect to private money transfers. It also specified that the information collected will comprise of details of individuals who have previously traded in cryptocurrency, not only within the country but also outside of it. Despite Russia legalising cryptocurrencies in the year 2020, it always remained sceptical in regards to accepting the same as a medium of exchange. The report stated that this measure of banning crypto might after all be in favour of Russial as this decision happens to be the “best” and “optimal” one that safeguards Russia. “Cryptocurrencies: Trends, Risks, Measures” In the report, “Cryptocurrencies: trends, risks, measures” an excerpt read that cryptocurrenices “offer an outlet for people to take their money out of the national economy, thereby undermining it and making the regulators job of maintaining optimal monetary policies harder.” The other major concern that led to this ban was the ever increasing dynamic and volatile nature of cryptocurrency along with illegal activities being funded by the digital asset. The culmination of which has urged the Central Bank to form new laws and regulation which could help ban the digital asset in Russia. Related Reading | NGOs Use Crypto To Aid Afghans Facing Taliban Takeover Russia previously also expressed its concerns around cryptocurrency as they believed that the asset could be used for money laundering and even financing terrorism. Reportedly, Russia has showed interest in creating thier own digital currency (CBDC) which is believed to enable, equip and finally empower the functioning of future banking in the country. This could help people of Russia to opt for a quicker, easier and more seamless payment option. The report also stated that there will be a prohibition of mutual funds investments in cryptocurrency. Besides that, institutional investors have also been discouraged from investing in crypto. This move might be quite a blow to the country’s financial organisations as any cryptocurrency in the form of a financial asset will not be accounted for. Failing to abide by the above mandated resolution will result in firm punishment as mentioned in report. The crypto industry’s growth has attracted a lot of negative attention | Source: TOTAL-CRYPTOCAP on TradingView.com Russia Crypto Ban Extends To Mining Also Cryptocurrency mining in Russia has a major footing as the country is the third largest when it comes to mining of cryptocurrencies. Volume of cryptocurrency mining still remains the highest in the US, followed by Kazakhstan, however, the latter has been in talks about cutting off electricity provisions. This news about Russia’s ban might potentially drive crypto enthusiasts across the globe up the wall. Minimising of crypto issuance along with over-the-counter trading desks, crypto exchanges and peer-to-peer exchanges could send a ripple across the whole crypto space. Related Reading | Digging Into The Data Of Bitcoin Mining Decentralization The aforementioned report also added that this prohibition was also because of environmental factors as it creates “”creates a non-productive electricity expenditure, which undermines the energy supply of residential buildings, social infrastructure and industrial objects, as well as the environmental agenda of the Russian Federation. Featured image from iStockPhoto, Charts from TradingView.com
Fed issues discussion paper on benefits and risks of a digital dollar
“The Federal Reserve would only pursue a CBDC in the context of broad public and cross-governmental support,” said the recently published paper.
First U.S. House Hearing On Bitcoin Mining Shows Misunderstandings
A lack of knowledge on proof of work prevailed by most Representatives as they questioned the energy use of bitcoin mining.
Joe Biden Claims Inflationary Pressure ‘Rests With the Federal Reserve,’ Praises the Fed’s ‘Extraordinary Support’
On Wednesday, U.S. president Joe Biden explained that the country’s central bank was dealing with a large share of the inflationary pressures the American economy is dealing with today. Biden welcomes the possibility of tightening monetary easing and noted that he “respects the Fed’s independence.” US President Joe Biden Says a ‘Critical Job in Making […
Crypto Biz: Microsoft enters the metaverse, Jan. 14–20
Mark Zuckerberg appears to have ignited a generational buzz around the Metaverse. Microsoft becomes the next trillion-dollar company to enter this space.
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