Day: December 27, 2022

Bitcoin Miner Selling Power Plunges, Green Signal For Price?

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On-chain data shows the Bitcoin miner selling power has plunged recently, a sign that could be positive for the crypto’s price. Bitcoin Miner Selling Power Has Plummeted In Recent Days As pointed out by an analyst in a CryptoQuant post, there has been less selling pressure from the miners recently. There are two relevant indicators here, the miner supply and the miner outflow. The first of these, the miner supply, is simply a measure of the total amount of Bitcoin currently sitting in the wallets of miners. The other one,…

Chiliz (CHZ) Finds Cover At This Level, But Why Is Further Decline Expected?

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Chiliz (CHZ) looks bearish as it shaved off as much as 64% in 50 days. This entertainment- and sport-based blockchain platform is built on Socios and allows fans to interact with sporting brands and teams. Here’s a quick glance at how the crypto is performing so far: Chiliz plunges by 0.70% Sellers are seen to dominate the bearish market CHZ has trimmed down as much as 64% in just 50 days With that said, users can fully take advantage of the platform to stake and dish out exclusive information and…

The Voice of Layer 1s Is Needed in Washington

I often hear from those new to Web3 or blockchain technology (including in my old TradFi world) that they “see the value of the blockchain technology, but that crypto is worthless.” Unfortunately, these comments are common by those who don’t realize that a blockchain needs native cryptocurrency to process transactions, incentivize validators and secure the network. Those less familiar with the technology, including many policymakers hostile to crypto, still haven’t heard of the job creation and economic growth potential of the companies building on top of blockchain infrastructure. Layer 1s,…

The Psychological Differences Between Bitcoin and Ethereum Governance

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The practice of calling anything other than Bitcoin a scam (or, less artfully, a s**tcoin) is sometimes labeled “toxic maximalism.” Online bitcoiners who defend the network against detractors and attack “imitators” are what MicroStrategy’s former CEO Michael Saylor called a “cybernetic immune system.” Historically, maximalism isn’t rare in tech – though it often results in embarrassment for any outspoken critics of, say, cars, planes, phones and the internet. Original

Is SOL About To Crumble? Major NFT Projects Plan To Switch To Other Blockchains

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In the preceding 24 hours, the sentiment of the cryptocurrency market as a whole was mixed, as the majority of top cryptocurrencies experienced mixed price changes. Solana is in a difficult position, since two of the ecosystem’s most prominent NFT projects are abandoning its network for rivals.  The outlook on the crypto remains bearish in 2022. On Monday, DeGods announced that the NFT collection will bridge to Ethereum in the first quarter of next year. The y00ts NFT collection, which is part of the same cohort, will move to Polygon. The official…

Making the case that Bitcoin is not freedom: Pacific Bitcoin Panel

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“Bitcoin (BTC) is Freedom” is one of Bitcoin’s many epithets. Like “Bitcoin is digital gold,” “Bitcoin is property,” or even Bitcoin is absolute digital scarcity, these phrases ricochet around the walls of Bitcoin-themed conference arenas. They’re also memed into eternity on social media. But one of Bitcoin’s overarching mantras is “Don’t trust, verify.” Rooted in an old Russian proverb, the phrase has come to define the Bitcoin ethos. It suggests rules, ideas, and concepts should be tested, tried and verified. So with that in mind, to what extent is Bitcoin…