“If you use Twitter, Facebook, Instagram, Reddit and LinkedIn all day, you don’t want to have a payment system for each one of those – you only want to have one that connects to all of the social media platforms,” said Lapchik. “That’s exactly what we do, and when you top that off with being noncustodial and easy to use and easy to onboard, I think that’s a great formula.” Source
Arguably the most important takeaway from yesterday’s FOMC meeting was that the U.S. Federal Reserve (Fed) is no longer forecasting a recession, which led to a cautious rally in Bitcoin and crypto markets today. Fed Chairman Jerome Powell’s statement during the FOMC press conference seems to have eased investor concerns, leading to a swift recovery in both tradfi and crypto. However, historical data suggests that caution may be warranted as the potential for recession remains a looming concern (although Powell said otherwise). Signals For A Recession Remain Strong Prominent financial…
In conclusion, the “Duck Curve” phenomenon presents a unique challenge in the renewable energy sector, but it also opens up an opportunity for innovative solutions. By absorbing the excess energy during periods of high renewable generation and low demand, Bitcoin mining can help balance the energy market, stabilize electricity prices, and enhance the profitability of renewable energy installations. Original
While crypto as an asset class is still very early, there is an expanding menu of investment options that advisors can present to their clients. On the passive, low fee side, there are more and more products coming to market – many in investment wrappers that clients are well familiar with. On the active side, traditional strategies like venture, trend following, market neutral, and fundamental investing are being applied to digital asset markets. Source accessingAssetClassProfessional CryptoX Portal
The Democratic presidential candidate made the comments during a Twitter Spaces conversation with prominent Bitcoiners on Wednesday. Original
Fashion brand Lacoste has unveiled an exclusive Ethereum-based virtual store for NFT holders as the brand aims to give its NFT holders an immersive experience for the summer. The virtual store, created by retail technology developer Emperia, will integrate the traditional retail experience with digital innovations exclusive to users holding Lacoste’s UNDW3 NFT passes. An Insight Into UNDW3 & Lacoste’s Virtual Store Lacoste’s UNDW3 NFT holders will have exclusive access to the virtual store. UNDW3 is an NFT-based loyalty program the French brand released in June (similar to that of…
On July 25, Optimism racked up a total of 844,290 transactions compared to Arbitrum’s total of 630,534. The rise can be attributed to the release of Worldcoin (WLD), the crypto AI company founded by Chat GPT’s Sam Altman, which is based on the Optimism blockchain. Source
“Today I had hoped to announce an agreement with the ranking member on stablecoins legislation,” McHenry said, referring to the committee’s senior Democrat, Maxine Waters (D-Calif.). “This will not be the case… It was the White House’s unwillingness to compromise that has once again brought that negotiation to a halt.” Source
Now, his farm has 80 ASIC miners hashing new blocks for the Bitcoin, Zcash, Litecoin, and Dogecoin blockchains, and multiple racks of GPUs and central processing units (CPUs), most of which are dedicated to Chia. Altogether, they consume one megawatt of power and $20,000 a month in power electricity bills. Original
Bitcoin may be at a decision point right now as investor sentiment is exactly neutral. Which way will the market tip in the coming days? Bitcoin Fear & Greed Index Suggests Market Is Neutral A few days back, Bitcoin had observed a sharp plunge that had taken the cryptocurrency’s value towards the $29,000 level. In the days that followed, the asset had only consolidated around these relatively low levels, but during the last 24 hours, things appear to have changed a bit. The impetus for this latest volatility appears to…