Day: July 29, 2022

Where Traditional Public Financing Fails, Blockchain Steps in

Since the debut of Bitcoin, crypto systems have further complicated the relationship between public and private projects. Particularly since around 2018, venture capitalists have begun devoting money to companies that build on Bitcoin or Ethereum. But because of the nature of blockchain networks, the benefits of such investments haven’t accrued entirely to the companies being funded. Crypto as a whole has begun to generate significant “public funding,” of a sort, for an entire ecosystem of developers, researchers, even philosophers and journalists (ahem). Source

Why We Need NFT Ticketing for Sports Events

But even though NFT “ticket stubs” help put money back in the hands of sports teams and fans, since they don’t function as actual tickets and can’t be used to enter a game, they don’t fix other issues with traditional ticketing (e.g., scalpers, high resale prices, fraudulent tickets). As an industry, this is something collectively we need to continue working toward. Over the past few years, major progress has been made when it comes to NFTs and sports games, but in actuality, we’ve only scratched the surface. Original Source EventsNFTSportsTicketing…

Bitcoin struggles to flip $24K to support, but data shows pro traders stacking sats

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Bitcoin (BTC) rallied on the back of the United States Federal Reserve’s decision to hike interest rates on July 27. Investors interpreted Federal Reserve chairman Jeremy Powell’s statement as more dovish than the previous FOMC committee meeting, suggesting that the worst moment of tight economic policies is behind us. Another positive news for risk assets came from the U.S. personal consumption expenditures price (PCE) index, which rose 6.8% in June. The move was the biggest since January 1982, reducing incentives for fixed income investments. The Federal Reserve focuses on the…

Crazy Trade For July 4th Event Secret Pet in Roblox Mining Simulator 2

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Bitfarms Adds 18 MW of Capacity to ‘The Bunker’ — Miner’s Daily Production Taps 16.8 BTC per Day – Mining Bitcoin News

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On July 28, the bitcoin mining company Bitfarms announced the completion of the second phase of its facility expansion, by adding roughly 18 megawatts (MW) of capacity to the operation. The mining facility dubbed “The Bunker,” now has approximately 3.8 exahash per second (EH/s), after the 18 MW increase boosted the computational power by 200 petahash per second (PH/s). Bitfarms Adds 18 MW to ‘The Bunker,’ Firm Says Daily Production Reaches 16.8 Bitcoin Bitfarms Ltd. (Nasdaq: BITF) has announced the company has improved The Bunker by adding 18 MW of…

‘My Bet Is on Bitcoin,’ Pro Soccer Player Says

Yet, he is still optimistic about the sector. He says the trend of being paid in bitcoin could become more popular among professional athletes, which says would be a “huge step” for the industry. “As professional athletes, we can only play for a finite number of years, similar to bitcoin’s finite supply,” Crognale said. “To maximize our future earning potential, we need to do as much as we can to secure our money we’re making today for our future.” Source

Why Athletes Are Taking Compensation in Bitcoin

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Darren Rovell, a prominent sports reporter, calculated as of Jan. 23, 2022, that NFL star Odell Beckham Jr., a wide receiver for the 2021 Super Bowl champion Los Angeles Rams, had netted $35,000 on a $750,000 deal (after taxes) because he was paid in bitcoin. And this was only calculated in January when BTC was worth $36,000, more than $12,000 than it is today. Original

Bitcoin Flirts With Hurdle At $24k, Why It Could Be In Early Recovery

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Bitcoin continues to trend to the upside over the short term as the crypto market hints at further gains. The bullish momentum seems to be driven by the positive earnings seasons and the U.S. Federal Reserve (Fed) interest rates hike. The financial institution announced a 75 basis points (bps) increase in interest staying within market expectations. Bloomberg Intelligence’s Senior Commodity Strategist Mike McGlone believes the Fed might have marked the pivot for Bitcoin. By staying within market expectations, the financial institutions might give room for the bullish trend to expand…

Coinbase’s Stock at Crossroads as Cathie Wood’s Ark Sells Some

“Investing in Coinbase is not for the faint of heart, as the business – and the stock – will likely see dramatic, potentially protracted swings, because Coinbase’s revenues are currently tightly linked to cryptocurrency asset values, which have historically been cyclical,” Lisa Ellis, an equity analyst at MoffettNathanson, told clients in a note in May when she started coverage of the stock with a buy rating and $200 price target. Source