Bitcoin investors appear to be increasingly sitting on their hands in hopes of higher prices, with the share of Bitcoins supply that has remained inactive for the past three months spiking to a record high of 85%. On-chain analytics provider Glassnode identified the milestone in its Nov. 8 The Week Onchain report, concluding: Investors are just not spending their coins.…
Identity verification tech firm Civic Technologies has launched a free tool to combat botting activity in Solana (SOL)-based NFT drops. According to a Nov. 8 announcement, Civics new tool Ignite Pass will filter out bots by requiring buyers to complete a liveness verification before being approved to make NFT purchases. Civics website notes that users will be required to take…
Much has been written about Bitcoin’s Taproot upgrade, and plenty of resources exist to explain its technical concepts. However, in the author’s opinion, a more comprehensive roundup of why Taproot is being implemented, what it will bring to the network, and what it might enable for the future, in plain English, is still lacking. Driven by the misconceptions that regular…
Bitcoin (BTC) has broken into new all-time highs, with the asset last changing hands in the mid $67,000-range. During the final hour of Nov. 8 UTC time, BTC pushed into uncharted prices, with bulls firmly taking control of the markets as price action retested Oct. 20s previous high of roughly $67,000. BTC/USD: TradingView The milestone comes on a historic date…
Square Inc. has affirmed that its focus is on helping bitcoin become the native currency for the internet. CEO Jack Dorsey explained, “We have a number of initiatives toward that goal” that will help “bitcoin reach a mainstream audience while at the same time strengthening the network and ecosystem.” Square’s Focus Is on Helping Bitcoin Become the Native Currency for…
Introduction The current system of government in the U.S. has a bad reputation among many Bitcoiners and arguably for good reason. This system is loosely called a “democracy” but appears to be more a tyranny of the majority. A democratically elected government that has the improperly checked power to coerce the individual into submitting to the ideas of its electorate…
What’s the first thing that comes to mind when you hear the word “Panama?” The Panama Canal? Please don’t say Van Halen’s catchy ode to nothing resembling actual Panama. Having gone there for the first time this September, my eyes were opened to the beauty of the people and their land in this historically key country. While its canal has…
The price of Bitcoin has risen 7% in the last 24 hours and 10% in the last week to reach past $67,600, a new record per data from CoinGecko. Not to be outdone, Ethereum, the second-most valuable crypto asset by market cap, passed $4,800 for the first time to set a new record. Bitcoin’s last record high came just 19…
Proof-of-work (POW) blockchain networks were all the rage in the early days of cryptocurrency when Bitcoin (BTC) set the standard for security and other projects followed suit in various attempts to offer a robust, scalable network that would either support payments of efficiently transmit data. Most protocols have now shifted to proof-of-stake but Kadena (KDA), a scalable layer-one blockchain protocol…
In brief Inflows to digital asset platforms hit $8.9B last week, according to a new CoinShares report. Polkdot’s native coin, DOT, saw inflows of $9.6M, an all time weekly high. Theres already been more institutional money invested in digital assets in 2021 than in all of 2020, according to a new report from CoinShares. As of Friday, the running tally…
