Month: April 2022

‘People should invest in all of the major layer-1s,’ says a veteran trader

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Scott Melker, veteran trader and pocaster, is convinced that major layer-1 protocols should be part of everyone’s investment portfolio. Instead of picking individual crypto projects, such as NFTs or blockchain games, Melker thinks it makes more sense to bet on the blockchain infrastructure on which these projects are built.  “Any of these small projects could absolutely go nuts. But you’re going to have trouble choosing what they are. You should just own the layer-1 and the infrastructure that they’re all built on,” he said in an exclusive interview with Cointelegraph. …

Cash App Now Allows the Conversion of Paychecks into Bitcoin

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Summary: Cash App has launched a new service that allows its users to convert their paychecks into Bitcoin The new feature named ‘Paid in Bitcoin’ allows users to select what percentage of their direct deposits to be converted to BTC U.S. customers will be the first to test out the new feature, and only available to those with activated Cash Cards The payment service provider of Cash App, through its parent company of Block (formerly known as Square), has announced a new feature that allows its users to invest their…

Ex-Blockstream Exec Samson Mow Raises $21M for Bitcoin Startup JAN3

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Bitcoin sentiment falls into ‘fear’ as BTC price action hits $42.9K breakdown target

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Bitcoin (BTC) kept disappointing hodlers on April 7 as the Bitcoin 2022 conference got underway to limp BTC price performance. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Fed prepares $95 billion monthly balance sheet shrink Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it dropped below multiple support levels to reach its lowest since March 23. Reversing at $42,741 on Bitstamp Thursday, the largest cryptocurrency was decidedly less bullish than the week prior, with analysts quick to point out contributing factors. Central bank monetary tightening, namely from the U.S.…

Full Mining Guide Part 1: Gear | Hypixel Skyblock

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Full Mining Guide Part 1: Gear | Hypixel Skyblock join my Discord: Texture Pack: Outro music: For business inquiries check my channel’s ‘About’ page. yo I am in a hurry as I am typing this. #hypixelskyblock #hypixel #skyblock ▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Youtube version

Slovenia Unveils Plan for Flat Tax on Crypto Transactions

The proposed tax, which is part of the government’s post-COVID recovery plan, would be due when virtual currencies are sold or exchanged, and would be set at an effective rate of just under 5%. The goal is to help “debureaucratize” and simplify the current system, and improve Slovenia’s competitive position as crypto markets take off, the government said. Source

Are crypto miners taking the lion’s share?

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Over the last couple of years, the world has been grappling with the lack of semiconductors, which are the substances that conduct electricity between metals and isolates. The most famous semiconductor is silicon.  If correlating this concept to electronic devices, then the key semiconductors are processors and other microcircuits that are present in almost all devices that people use every day, from smartphones to cars.  In 2021, semiconductors hit a world record in terms of sales. Electronics production also boomed, with hundreds of millions of complex semiconductors being devoured by…