Month: April 2023

Arthur Hayes’ Exit Liquidity Article Explores America’s Position as Global Reserve Currency Issuer

BitMEX co-founder Arthur Hayes examines de-dollarization and its fiscal and political implications in an article titled ‘Exit Liquidity.’   Former BitMEX CEO Arthur Hayes recently aired his views on exit liquidity vis-à-vis the US dollar’s reserve currency status. In a Medium blog post, the American entrepreneur wrote exhaustively on whether the US dollar can be replaced as the global reserve currency. Additionally, Hayes debated whether China or any other powerful nation would be willing to and capable of replacing the US as the global reserve currency issuer. In his ‘Exit Liquidity’ writeup, Arthur Hayes…

The game theory of Bitcoin and cryptocurrencies

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The unique characteristics of cryptocurrencies make them an interesting subject for game theory analysis, as they can help explain the incentives and behaviors involved in trading and investing. This article discusses the concept of the prisoner’s dilemma, mining cryptocurrencies and blockchain forks that are relevant to the game theory of Bitcoin and cryptocurrencies. Introduction to game theory and cryptocurrencies Game theory is a mathematical framework that helps explain decision-making in strategic situations. Cryptocurrencies, like Bitcoin (BTC), have become a popular subject for game theorists due to their decentralized nature and…

Bitcoin’s fall meets mining milestones

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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied The turbulence in the crypto market has recently intensified, as bitcoin (BTC) took a nosedive below $28,000, marking a decline of over 9% from its 90-day high of $31,005 on April 14.  As of April 20, BTC hovers around $28,044, leaving investors and traders to ponder the factors contributing to this decline.  Amid this price drop, bitcoin’s mining difficulty has skyrocketed to record levels, creating a fascinating contrast that deserves further exploration. BTC 24-hour price chart…

Tether Mints Massive One Billion USDT Stablecoins on Ethereum Extending Its Market Dominance

Tether CTO Paolo Ardoino called the minting of the new stablecoins as part of replenishing its inventory. USDT-stablecoin issuer Tether is making yet another move to extend its dominance in the $132 billion stablecoin market. Last night, Tether announced the minting of another one-billion USD-pegged token on the Ethereum blockchain network. Tether CTO Paolo Ardoino called the minting of the new stablecoins as part of replenishing its inventory. He further added that it was “an authorized but not issued transaction, meaning that this amount will be used as inventory for…

NYX Professional Makeup Launches NFT Collection for GORJS

For the Dream Vortex NFT project, NYX has partnered with the movers and shakers of the Web 3.0 space. NYX Professional Makeup has released a non-fungible token (NFT) collection for the world’s first beauty DAO – GORJS. Tagged “Dream Vortex”, the collection features 4,150 unique NFTs curated by a group of nine artists. NYX Professional Makeup Touches on Diversity and Inclusion with New NFT Project According to the official press release, each art considers the new era of beauty, focusing on the diversities that exist therein. That is, each NFT…

BTC Falls Below $28,000 as Losses Intensify – Market Updates Bitcoin News

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Bitcoin’s downturn continued on Friday, as prices fell for a third consecutive session, leading to a move below $28,000. Market sentiment has shifted in recent days, as traders began taking profits from last week’s high. Ethereum was also lower, and is now trading around the $1,900 region. Bitcoin Bitcoin (BTC) moved lower for a third consecutive session on Friday, as prices slipped below the $28,000 mark. Following a high of $28,906.25 on Thursday, BTC/USD dropped to an intraday low of $27,855.96 earlier in the day. As a result of this…

Crypto Trading Legend’s Next Move Is Bringing U.S. Treasurys to Crypto, With Plans for Corporate Bonds, Too

Despite being U.S.-issued debt, PV01 won’t immediately operate in the U.S., where regulation and scrutiny of crypto is getting stricter. “We’re only going to offer our products broadly in the United States when we have a clear sense that it’s legal to do so based on the setup that we have put in place,” he said. “And if it’s never possible, then we never will.” Source

Ontario Teachers’ Pension Plan Will Stay Away From Crypto Investments After $95M FTX Write-Off: FT

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Bitcoin ($BTC) Falls to $28K

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Bitcoin was down for a third straight day on Friday, falling 3% over the last 24 hours to about $28,000. The cryptocurrency has lost almost 10% since last Friday. Ether, the second-largest cryptocurrency by market value, has lost 8% during that period. This comes following a mostly down week for risky assets like cryptocurrencies. On Wednesday, $100 million in bitcoin positions was liquidated on Binance, but one possible positive development for crypto came on Thursday when the European Parliament passed comprehensive crypto legislation, becoming the first major jurisdiction to do…

Ukraine plans to adopt EU’s new cryptocurrency regulations

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Hot on the heels of the European Parliament passing the Markets in Crypto-Assets (MiCA) regulation, Ukrainian regulators have stated publicly that they will adopt the legislative package in their own country as well. The Deputy Chairman of the Tax Committee of Ukraine, Yaroslav Zheleznyak, said on his Telegram channel on April 20 that “We, along with colleagues from the NKCPFR [National Commission for Securities and the Stock Market] and other regulators, are already working on implementing some provisions of MiCA to make crypto assets legal in Ukraine.” Yurir Boyko, a…