This is an opinion editorial by Dan, cohost of the Blue Collar Bitcoin Podcast. Series Contents Part 1: Fiat Plumbing Introduction Busted Pipes The Reserve Currency Complication The Cantillon Conundrum Part 2: The Purchasing Power Preserver Part 3: Monetary Decomplexification The Financial Simplifier The Debt Disincentivizer A “Crypto” Caution Conclusion A Preliminary Note To The Reader: This was originally written…
The Financial Stability Board (FSB) says it is working on a “robust” regulatory framework for crypto assets and will report its recommendations to the G20 finance ministers and central bank governors in October. FSB to Present Robust Crypto Regulatory Framework to G20 in October The Financial Stability Board (FSB), an international body that monitors and makes recommendations about the global…
sponsored NFT domains enable users to establish a presence on the decentralized web and the metaverse, with Quik.com providing top-level domains such as .metaverse, .vr, .web3, and many other powerful options for users to claim. Check out metaverse domains. The metaverse ideology and the emerging concept of brands establishing themselves in the decentralized web-based virtual universe have created a race…
This is an opinion editorial by John Vallis, host of the Bitcoin Rapid-Fire podcast, passionate bitcoin advocate and enthusiastic explorer of the profound implications it represents. TL;DR: Stay humble, stack sats. There’s been a lot of really ignorant takes on “bitcoin maximalism” and “purity tests” lately, and as I sit here with a fresh coconut water, blissed-out from nearly being choked…
Gaming giant GameStop (GME) launched its own non-fungible token (NFT) marketplace on July 11. The new NFT marketplace intends to deliver low fees and high speeds. Users of the marketplace can buy, sell, trade, and create NFTs. The marketplace features functionality to enable users to view statistics for NFTs, and educational material is also provided. Educational content includes everything from…
A new survey shows that the majority of nearly 1,000 investors who responded expect bitcoin’s price to drop to $10K. In addition, 28% of respondents expressed strong confidence that cryptocurrencies are the future of finance while 20% said they are worthless. Investors Believe Bitcoin Could Fall to $10K The latest Bloomberg MLIV Pulse survey, conducted from July 5-8, asked 950…
In brief Axie Infinity’s NFT sales jumped 198% over the last week compared to the previous period. The Ethereum-based game is undergoing a transition to the new Origin experience, which is described as having a play-and-earn model rather than play-to-earn. Axie Infinity is the single largest NFT project of all time in terms of trading volume, but it has fallen…
Nearly all industrial-level Bitcoin miners in Texas have fulfilled their promise to suspend operations while the state waits out a heat wave that’s expected to push its electricity grid to its limits. The Electric Reliability Council of Texas (ERCOT), which is responsible for managing the Texas grid, made a request yesterday that residents of the state make an attempt to…
With many parts of Texas enduring days of temperatures well over 100 degrees Fahrenheit in July, many crypto miners have shuttered operations in anticipation of the state’s energy grid being unable to meet demand. The Electric Reliability Council of Texas, or ERCOT, on Sunday called on Texas residents and businesses to conserve electricity with “record high electric demand” expected on Monday.…
From a historical perspective, the loss in value realized across the cryptocurrency market over the past several months has been one for the record books and the total cryptocurrency market cap has declined from $3 trillion to $991 million. June was especially painful for investors after the price of Bitcoin (BTC) fell nearly 40% to mark one of its worst…
