In an apparent message to critics of the Central African Republic’s bitcoin decision, the country’s president, Faustin-Archange Touadéra, recently argued that understanding the crypto’s disruptive power is crucial and that “mathematics don’t account for human emotions.” According to Touadéra, the country’s future generations are likely to applaud his government for “choosing the right path during hard times.” Bitcoin Adoption Beneficial…
Month: June 2022
Is Bitcoin A Warning Sign For Global Deleveraging?
The below is a direct excerpt of Marty’s Bent Issue #1228: “Deleveraging bitcoin before the world de-levers.” Sign up for the newsletter here. The bitcoin market is in the process of going through a great deleveraging event. The process started last month when the Luna-Terra ponzi blew up spectacularly and was forced to liquidate approximately 80,000 bitcoin. The process accelerated…
Telegram Launches Premium Tier Benefits Seeking to Monetize Platform – Bitcoin News
Popular messaging platform Telegram has announced it is launching a new premium tier of its services as it seeks to monetize a part of its userbase. Reaching more than 700 million active users monthly, the new tier answers to the need of these users for more bandwidth and storage capacity, according to Pavel Durov, CEO of the company. Telegram’s New…
Crypto influencers allegedly weaponize conspiracies to fleece QAnon followers
Two QAnon-affiliated conspiracy theorist influencers allegedly caused their followers millions of dollars in losses by running a cryptocurrency pump-and-dump scheme. The pair reportedly persuaded their thousands of followers to invest in a portfolio of cryptos, presenting a misleading mix of conspiratorial and genuine content along with claims about institutions backing the tokens to generate hype and raise the price of…
USDC’s ‘real volume’ flips Tether on Ethereum as total supply hits 55.9B
USD Coin is taking a run at the title of the top stablecoin in crypto after its daily ‘real volume’ on the Ethereum network doubled that of Tether’s USDT on Tuesday. According to crypto market data tool Messari, Circle’s USDC posted $1.1 billion in daily real volume on the Ethereum network on June 21, which was double USDT’s real volume…
Blockchain isn’t as decentralized as you think: Defense agency report
Distributed ledger technology (DLT) and blockchains including Bitcoin and Ethereum may be more vulnerable to centralization risks than initially thought, according to Trail of Bits. The security firm on Tuesday released its report titled “Are Blockchains Decentralized?”, which was commissioned by the U.S. Government’s Defense Advanced Research Projects Agency (DARPA). The report aims to investigate whether blockchains including Bitcoin and…
Doodles NFTs Announces Pharrell as Chief Brand Officer, Fundraise Led by Alexis Ohanian
In brief Doodles, a popular NFT project, has named musician Pharrell Williams its Chief Brand Officer. Reddit co-founder Alexis Ohanian’s VC firm led the first ever funding round for Doodles. Ethereum NFT project Doodles made a pair of significant announcements at an event hosted alongside the NFT NYC conference tonight, revealing that musician and producer Pharrell Williams will join the…
Plan B’s Stock-to-Flow Price Model Denounced by Vitalik Buterin, Says Model Can Be ‘Harmful’ – Bitcoin News
For a few years now, the pseudonymous creator of the popular stock-to-flow (S2F) bitcoin price model, Plan B, has become a very well known bitcoin influencer gathering 1.8 million Twitter followers. However, after the S2F price model didn’t come to fruition and dropped well below the price targets in 2022, Plan B and his price model have been criticized a…
Twitter board recommends shareholders vote for Elon Musk’s takeover
The board stated that Twitter will be hosting a virtual meeting at an unspecified date to vote on the merger ahead of its deadline on Oct. 24. Source: https://cointelegraph.com/news/twitter-board-recommends-shareholders-vote-for-elon-musk-s-takeover
SEC’s Hester Peirce opposes crypto bailouts — SBF didn’t get the memo
Securities and Exchange Commission (SEC) commissioner Hester Peirce has spoken out against crypto company bailouts, arguing it’s actually better to “let these things play out,” to create a more sustainable industry. Peirce, the most pro-crypto commissioner for the United States SEC, told Forbes that the recent crash in crypto, though painful, is separating strong companies from the weak. “When things…