Day: January 19, 2022

Ethereum The New Hard Money?

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A debate arose about the possibility of Ethereum becoming hard money and ended up highlighting more downsides to the digital asset than anything else. The founder of a Bitcoin investmentsCharles Edwards, shared a chart that showed the circulating supply activity of Ethereum and Bitcoin and argued that “Ethereum has entered the hard money game. For the past 3 months, Ethereum’s inflation rate has been lower than Bitcoin.” Chart by Glassnode. Shared on Twitter “Hard money is not only about low inflation of supply, it is also about immutability of inflation…

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Bitcoin Slides Under $42K; Altcoins Fall

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Bitcoin continued to slide, falling under $42,000. The largest cryptocurrency by market capitalization has been languishing well off last week’s high as investors worry about dicey macroeconomic conditions, including supply chain issues, the ongoing coronavirus pandemic, rising inflation and a slump in technology markets. Original

MiamiCoin has now raised $24.7 million… but who will benefit?

Recently, Cryptox spoke to Miami Mayor Francis Suarez following the announcement that Miami residents with a digital wallet can earn a Bitcoin dividend. The company that sets up the infrastructure to get Bitcoin dividends into the hands of citizens is CityCoins, an open-source protocol that provides fundraising mechanisms for cities.  Miami and New York City are the two inaugural cities to begin fundraising, via MiamiCoin and NYCCoin r. However, neither Miami nor New York City actually own MiamiCoin (MIA) or NYCCoin, instead their treasury wallets are full of Stacks (STX). …

Bitcoin Implied Volatility Plummets To Pre-Bull Market Levels: What This Means

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Bitcoin has sharply declined in the past month which has dragged it down to the $40K price point. The digital asset’s downtrend had then promptly dragged their metrics like implied volatility down with it. This decline has been even sharper as bears have gotten a tighter grip on the market. For some, this could be bad news. However, for others, it could mean a period of opportunity. Bitcoin Implied Volatility Crumbles Bitcoin’s implied volatility is a metric that is used to illustrate investor expectations of future price volatility of the…

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SCRT Labs Launches $400 Million Fund to Bolster Privacy Network’s Ecosystem and Application Layer – Privacy Bitcoin News

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On Wednesday, the Secret Network announced the launch of a $400 million fund in order to expand the application layer and provide grants to ecosystem participants that accelerate user adoption. The market capitalization for the network’s native token SCRT is the third-largest privacy-centric crypto asset market today with a $1.4 billion market cap. SCRT Labs Launches $400 Million Fund, SCRT Jumps Over 47% During the Last Week At the time of writing, there is over $11 billion worth of privacy-centric crypto assets today, according to coingecko.com’s “top privacy coins by…

The Balance Between Art and IP Theft in NFT Culture

The most popular show in Netflix history, “Squid Game,” earned an estimated $900 million for the streaming company. And the producers are not stopping there. They are gearing up for even more revenue as they look towards season two and have secured more than two dozen trademarks for the property as they tee up a range of merchandising and licensing deals. Sam Ewen is the head of CoinDesk Studios. What the company did not approve of in their effort to grow their bags were the non-fungible token (NFT) collections for…

MXC’s 200% gain hints that LoRaWAN IOT mining projects could rally in 2022

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Cryptocurrency mining has become a hot topic of conversation over the past couple of years due to its lucrative nature and the impact the industry has on the environment.  The emergence of Web3 and the increased presence of Internet of Things (IoT) devices has led to a new class of low-cost mining protocols with low-power network technology. These include LPWAN or LoRaWAN which are designed to transmit low bit rate data over long distances. One such protocol that has been gaining traction in recent months is MXC, a Web3 infrastructure…