Day: January 17, 2022

Bitcoin Security and a Rogue Power Plant

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This episode is sponsored by Nexo.io. Bitcoin’s energy usage has long been controversial but this time it’s not what you’d expect, a story about a rogue power plant kicks off a wide ranging discussion between the hosts, touching on key issues like game theory, network security and more. Links from this episode: Bitcoin Miner Facing $5.6M Fine for Starting Rogue Power Plant Issue #1138: The network is very secure Bitcoin network graphs Billionaire Investor Bill Miller Now Has 50% of His Personal Wealth in Bitcoin Credits Today’s show featured Andreas…

Countries & Central Banks Will Buy BTC

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Surprising the world, Fidelity predicts what Bitcoin’s game theory implies. It’s as Satoshi Nakamoto said, “It might make sense just to get some in case it catches on.” That’s the exact same conclusion that Fidelity reaches in its “Research Round-Up: 2021 Trends And Their Potential Future Impact” report. Take into account that Fidelity is a multinational financial services corporation, it doesn’t get more mainstream than this. I agree with @Fidelity, of course, but still astonishing to read this on Bitcoin adoption game theory in such a mainstream financial report: pic.twitter.com/7zRO9rEele…

From tuk tuks to COVID tests, YouTuber tests Bitcoin use cases across multiple countries

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A YouTuber started a journey in September to see whether he could survive solely on Bitcoin as a means of payment while traveling to 40 different countries. Speaking to Cointelegraph on Monday, YouTuber Paco De La India — or “Paco from India” — said though the spread of omicron had somewhat altered his original travel plans, he was still surprised at how many people had accepted Bitcoin (BTC) in countries where crypto was in a legal or regulatory grey area. Beginning his journey in the Indian city of Bengaluru, Paco…

Ethereum Gas Site Fees.wtf’s $WTF Token Down 80%, Following $SOS and $GAS

Ethereum transaction costs, colloquially referred to as “gas fees,” have long been a pain point in the Ethereum community, with many bemoaning that high transaction costs have made Ethereum Layer 1 unusable for the average retail user. A single transaction (such as purchasing an NFT or swapping tokens on decentralized exchange Uniswap) could range from $15-$20 on the lower end to thousands of dollars during periods of peak demand. Source

15 Privacy Coins See Double-Digit Weekly Gains, Monero Jumps 13%, Secret Gains 50% – Markets and Prices Bitcoin News

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Despite the fact that regulations have tightened and bureaucrats worldwide are scrutinizing cryptocurrency usage, a few privacy coins have jumped considerably higher in value over the last week. Monero jumped 13% during the last seven days, while the token secret increased 50%, and dusk spiked by 47% this past week. Monero, Secret, Dusk Network Values Spike This week a few privacy-centric crypto assets have seen double-digit percentage gains over the last seven days. According to metrics stemming from coingecko.com’s list of privacy coin market capitalizations, there’s $12.2 billion worth of…

Here’s why Theta could be a breakout star in 2022

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2021 was a rollercoaster ride for many projects in the cryptocurrency market but as is the nature of crypto, many tokens hit new all-time highs and then spent the following months drifting lower as the hype surrounding the project faded and traders moved into greener pastures. This is exactly what happened with Theta, a decentralized broadcasting platform that allows users to earn rewards by contributing their computing resources toward the health of the network.  Theta token kicked off its run on Dec. 11, 2020, when it rose 2,468% from a…

Structure to Develop Mobile App to Drive DeFi Adoption

Global trading platform Structure, which aims to facilitate crypto-based lending and investing for mobile users, just raised $20 million from investors and from a private sale of its digital currency $STXR. The company will offer decentralized finance (DeFi) crypto-denominated lending outside of traditional banking, as well as investing in tokenized assets, digital versions of assets such as stocks and real estate. Of course, Structure isn’t the only company looking to gain a stake in the nascent but fast-growing crypto lending space. While retail investors don’t have access to private token…

Only 12% Of BTC Supply Is On Exchanges Now

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Percentage of the Bitcoin supply on exchanges has dipped further down to 12% recently, as the supply shock continues to deepen. Just 12% Of Bitcoin Supply Is Now Held By Exchanges As pointed out by an analyst in a CryptoQuant post, the percentage of BTC supply stored on exchanges has now dropped down to just 12%. The all exchanges reserve is an on-chain indictor that measures the total amount of Bitcoin currently held by wallets of all exchanges. The “percentage of BTC supply on exchanges” is a metric that tells…

Which CEX Will Develop the Next BSC?

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What is a CEX public chain?  A CEX public chain is a public blockchain that is developed by a centralized exchange platform.  It differs from other public chains as it is born with a solid foundation of users and project resources from the exchange platform. Public chains enable different projects, tokens, and features—e.g. account management, mining, and cross-chain bridges—to exist on one ecosystem, which tends to make them more competitive than other public chains. Some CEX’s public chains even support DEXs that rival the original exchange itself. For example, Binance’s…

What You Own When You Own an NFT

I do not know who needs to hear this, but owning an NFT is not the same as owning a project’s copyright or intellectual property. This is the first point I’d like to make. An NFT, or non-fungible token, is a type of digital asset that lives on a blockchain. It has a monetary value and is useful to authenticate and track the provenance of another piece of digital media. That can be JPEGs but also music files, or really anything else that can be saved to a hard drive.…