Coinbase CEO Brian Armstrong is responding to a viral tweetstorm from Dogecoin co-creator Jackson Palmer, who recently offered a bleak outlook on Bitcoin and the entire crypto space. Palmer, who created Dogecoin (DOGE) as a joke cryptocurrency with Billy Markus in 2013, asserted that crypto assets are designed to primarily “amplify the wealth of its …
Yearly archives: 2021
London Hard Fork Will Trigger ‘Enormous’ Run-Up in Demand and Value of Ethereum, Says ConsenSys Founder Joseph Lubin
ConsenSys founder Joseph Lubin believes that Ethereum’s value will surge, as he expects the leading smart contract platform to face exponential demand ahead of its August upgrade. In an interview with CNBC, Lubin says that his team is seeing a steep rise in interest from those who wish to build on the Ethereum (ETH) platform …
Cardano Creator Charles Hoskinson Unveils Details on Crypto Project ‘Djed’
Cardano creator Charles Hoskinson says that his development company Input Output Global (IOG) has created its own stablecoin crypto. IOG describes the new coin, called Djed, as a “crypto-backed pegged algorithmic stablecoin.” ADVERTISEMENT “Djed [is] an algorithmic stablecoin protocol that behaves like an autonomous bank that buys and sells stablecoins for a price in …
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On the fence: If this is a crypto bear market, how long can it last?
It has now been three months since Bitcoin’s price peaked at an all-time high just shy of $65,000. For most of the last two months, Bitcoin (BTC) has been trading in the $30,000–$40,000 range, as much as 54% lower than its peak The downturn came at a time when many analysts were predicting exactly the …
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Shiba Inu Outperformed DOGE in Q2, Posting 11,566,501% in Returns
Shiba Inu (SHIB) had an impressive performance in the second quarter of 2021 Shiba Inu (SHIB) outperformed the original meme-coin of Dogecoin in Q2, with a quarterly return of 11,566,501% Purchasing $1 of SHIB at the beginning of Q2 would have returned $456,929 when SHIB posted an all-time high of $0.00003791 SHIB is still in …
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These Are the Most Popular Altcoins Among Crypto VC Firms and Hedge Funds: Report
Crypto research firm Messari is analyzing the most commonly held altcoins in the portfolios of crypto-focused venture capital firms and hedge funds. Messari assumes most of the funds hold Bitcoin and Ethereum – and for that reason excludes the top two crypto assets from its report. ADVERTISEMENT With BTC and ETH aside, the interoperability …
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How to get involved with crypto: The first step into blockchain industry
The cryptocurrency industry has grown immensely in the years since it began. Following Bitcoin’s (BTC) launch in 2009, an entire industry has sprung up and flourished around the innovative asset and its underlying blockchain technology. People have created thousands of crypto projects, numerous different blockchains and a number of different blockchain technological specifications and variants. …
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Dogecoin (DOGE) Rose by 366% in Q2, Outperforming the top 5 Cryptos
Dogecoin rose by a remarkable 366% in Q2 of 2021 The meme-coin outperformed the top 5 digital assets in the same time period Dogecoin is battling to maintain the 200-day moving average as support DOGE has also retraced by 77%since its all-time high of $0.74 set in early May due to Elon Musk hosting Saturday …
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Cardano (ADA) testnet gets ‘hard forked’ to AlonzoWhite node
Input Output Hong Kong (IOHK), a blockchain infrastructure research and engineering company behind the development of the proof-of-stake Cardano platform, announced the successful upgrade of its Alonzo testnet as it forked to the new Alonzo White node. The full launch of Alonzo, which introduces smart contract functionality to the blockchain, is expected to spur the …
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Bybit Extends Its Reach With Spot Trade Offering
Adding to the exchange platform’s existing cryptocurrency derivatives products, Bybit will now offer spot cryptocurrency trading in four pairs, with additional pairs set to be rolled out in the near future. Bybit Adds Spot Trading The recent weakness in crypto prices and transaction volumes hasn’t stopped the industry’s exchanges from competing for order flow. Despite …
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Report: Tweaks to South African Tax Filing System to Result in Decreased Crypto Arbitrage
Reports from South Africa suggest that tax authorities have plugged a loophole on the online tax filing system that enabled crypto arbitrage traders to make several purchases on overseas cryptocurrency platforms using just one approval. As a consequence of these tweaks, crypto arbitrage traders are now forced to make a new application each they need …
Hacker Group Anonymous Launches New Crypto Asset, Cites Elon Musk and China As Cause for Coin’s Creation
An infamous hacker group known as Anonymous is launching its own crypto asset in response to actions from China and tech billionaire Elon Musk. Originating in a 2003 message board on 4chan, Anonymous established its worldwide notoriety through a series of cyberattacks on several governments, institutions and corporations. ADVERTISEMENT The group notably carried out cyber …
A decentralized app store might lead crypto toward more centralization
The estimated windfall Apple got from its App Store in 2020 is $67 billion. That’s up from $50 billion in 2019, a 28% increase. Even as the company has lowered its commissions for smaller developers, the App Store remains a major component of Apple’s bottom-line profits. And it’s not just Apple taking a cut of …
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The dilemma of interoperability & trustlessness: Genuine or apparent?
There are times when we have two choices (or maybe more) that are mutually exclusive. Choosing one implies forgoing the other, as we can have them both at the same time. To take a simple example, suppose you are invited to two events happening simultaneously in different venues. Despite being equally interested in both, you can …
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DOJ Tells FBI and Others: ‘Stop Signing Appreciation Notes for Binance’
The U.S. Department of Justice (DOJ) has requested federal agencies stop signing appreciation letters for Binance. The exchange used these letters as proof they are actively helping these agencies in criminal probes. However, this behavior seems to have bothered agents of these state organizations, who argue the exchange is bound to cooperate with these investigations …
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