Get the weekly summary of crypto market analysis, news, and forecasts! This Week’s Summary The crypto market ends the week at a total market capitalization of $2,17 trillion. Bitcoin continues to trade at around $62,300. Ethereum experiences no changes and stagnates at around $2,400. XRP is down by 2%, Solana by 1%, and Dogecoin by 3%. Almost all altcoins are trading in the red, with very few exceptions. The DeFi sector decreased the total value of protocols (TVL) to around…
Armchair Online BV, an experienced online gaming firm, are ready to revolutionize the world of blockchain gambling with their groundbreaking CryptoCasino.com platform and $CASINO token. Led by an experienced team that has built multiple successful iGaming operations in the world of sports betting, poker, and affiliate services, CryptoCasino.com will deliver an unmatched betting experience for crypto users. A World-Class Crypto Casino Partnering with the largest gaming studios in the world, CryptoCasino will feature over 6,000 online slots and table games,…
Brighty App has recently presented its AI-powered investment platform to the trading community. The announcement marks yet another step forward in the way artificial intelligence is transforming the asset management sector. With tailored portfolios, data-driven strategies, and continuous monitoring, Brighty App is reinventing how people trade in the digital age. Investors can now easily access diverse sectors such as Momentum, Industrial, and more. A New Entrance in the AI Investment Field AI for trading is no longer a science fiction…
Get the weekly summary of crypto market analysis, news, and forecasts! This Week’s Summary The crypto market ends the week at a total market capitalization of $2,17 trillion. Bitcoin is down by over 5% to trade at around $62,300. Ethereum decreased by almost 9% to trade at around $2,400. XRP is down by 15%, Solana by 8%, and Dogecoin by 13%. Almost all altcoins are trading in the red, with very few exceptions. The DeFi sector decreased the total value…
Viking Fehu, an up-and-coming NFT ticketing platform for online and offline events, announced it will officially land with FEHU, its utility token, on the BitMart exchange on Friday, October 4th, at 10pm CET. The much-anticipated event is a significant milestone for the project, gaining exposure to BitMart’s 9 million+ users. According to an X post from BitMart, the exchange is the exclusive host of this event. Viking Fehu launched a year ago and quickly attracted an enthusiastic community of more than…
The developers of the Acossi Coin (ACI) project have just enhanced their utility token with new features. This announcement shows the team's consideration in bringing advanced technology to the retail sector. ACI promises to change the way people shop or make their investments in the digital economy. The upcoming ACI integration on AcossiJeans.com further extends the value of the token. In fact, through blockchain technology, ACI will provide exclusive discount sales and special privileges for all fashion lovers. Enhancing ACI…
The cryptocurrency world is set to witness an exciting new launch as $Aria Coin prepares to debut on the Solana blockchain. As part of the groundbreaking Aria Land project, $Aria Coin is positioned to revolutionize the meme cryptocurrency space with a unique extraterrestrial theme, innovative technologies, and strategic partnerships. Exclusive NFT Rewards for Players in the Tap toEarn Game One of the most thrilling aspects of $Aria Coin’s launch is the opportunity to win 2 out of 5 exclusive Lamborghini…
Dypius delighted the gaming community by introducing three captivating new mini-games: Stone Crack, Kitty Dash, and CAWS Adventure. The games spur from the successful use of Base's secure Layer-2 technology and promise smooth, low-cost, decentralized gameplay. Players can already dive into the new Dypius games and compete in dedicated leaderboards and in-game rewards distributed directly on Base. Boasting cutting-edge graphics and engaging gameplay, these games deliver an accessible and rewarding gaming experience for all kinds of players. Stone Crack, Kitty Dash,…
Get the weekly summary of crypto market analysis, news, and forecasts! This Week’s Summary The crypto market ends the week at a total market capitalization of $2,31 trillion. Bitcoin is up by over 5% to trade at around $65,700. Ethereum increased by almost 4% to trade at around $2,660. XRP is up 11%, Solana 10%, and Shiba Inu 36%. Almost all altcoins are trading in the green, with very few exceptions. The DeFi sector increased the total value of protocols…
Welshare Health, an industry-leading company in the DeSci (Decentralized Science) space, revealed it is developing the first decentralized application empowering individuals to contribute to AI-driven medical research. The app is built on Base and helps patients gain more control over their health data while personalizing their contributions to medical studies. The developers claim the Welshare Health app has the potential to revolutionize how medical research is conducted and healthcare is delivered. Welshare Health launched the initial closed beta version of…
PrimeXBT is an online trading platform aiming to achieve global leadership by providing easy and immediate access to several financial markets. It uses cutting-edge financial tools and a user-centric approach to offer leveraged trading for cryptocurrencies, Forex, commodities, and indices.
Earn Network, a smart contract-based, open marketplace for connecting liquidity providers and pool creators, has officially launched to fill a void in the DeFi lending sector. The platform aims to provide yield-earning opportunities entirely non-custodial and easy global access to peer-to-peer (P2P) lending.
Ellipal Hardware wallet is the first cryptocurrency wallet that enables its users to make a complete offline transaction without connecting to any network in Bluetooth, WIFI, Mobile Network, etc.
Mizar is a crypto trading bot that automates trades and manages investments. Mizar is a good option for newbies and expert crypto traders that offers trading bots and copy-trading for #CEX and #DEX, among other features. It is a relatively new platform but has received positive user reviews.
Octav is a free, anonymous, and editable data analytics platform that helps track decentralized finance (DeFi) investments. Octav aims to build a powerful database to provide the best and most accurate portfolio information.
Brave Frontier Heroes is the crossover of the extremely successful mobile game. It combines the proven gameplay of BRAVE FRONTIER with the proven game economy of My Crypto Heroes.
DYP Tools is an advanced analytical solution offering real-time data, market insights, breaking news, and updates on the latest market trends to empower users to make better-informed decisions.
Vitalik Buterin – co-founder of Ethereum – wrote an uncharacteristic blog post on his site today titled “In Defence of Bitcoin Maximalism”. The post argues why a healthy level of “toxicity” towards cryptocurrencies besides Bitcoin might be justified.
However, considering the date, it’s unclear how seriously we should take the developer’s words.
What Makes Bitcoin Different
Vitalik’s arguments primarily address two unique aspects of Bitcoin that other crypto users often fret about. The first surrounds Bitcoin’s simplistic design choices, while the second surrounds its relatively hostile and intolerant community.
Firstly, he argues that blockchain technology is optimized for security only. Though not fast or flashy, it does the job it needs to when facing the “toughest challenges of your life.” Those blockchains must be resilient in a hostile world of institutions that don’t want to serve your basic financial needs.
“Excelling at that task requires two key ingredients,” he writes. “A robust and defensible technology stack and a robust and defensible culture.”
Vitalik Buterin. Source: Fortune
This is why, he argues, Bitcoin maintains a 1MB block limit and a simple Nakamoto consensus mechanism. It must be understandable and justifiable generations down the line.
It’s also why Bitcoiners must be resilient to new ideas for changing the system. Through “steadfast minimalism” it must constantly defend itself against outsiders trying to co-opt the system for personal gain.
The creator also claims that currency is a far more important application for blockchain than anything else right now. Unlike Ethereum and other smart contract platforms, Bitcoin is optimized specifically to be money. This, in turn, makes it “better money”, by giving it security through simplicity and not risking overzealous, centralizing protocol changes.
Vitalik even asserts that the first crypto projects are generally the most “genuine”, whereas later projects are more likely to be scams. He cites the correlation between the size of a blockchain’s pre-mine and its date of inception as evidence for this claim. For example, Bitcoin launched in 2009 and had no pre-mine, whereas Binance Smart Chain launched in 2020 with a 50% pre-mine.
The post, made on April Fools, contradicts a lot of what Vitalik has previously asserted about Bitcoin maximalists. For example, he derided the group last year for over-praising El Salvador President Nayib Bukele’s Bitcoin law.
Some of his points are also clearly full of sarcasm. For example, he speaks in the third person when referring to himself about his motivations when speaking with controversial leaders:
“Vitalik is a hippy-happy globetrotting pleasure and status-seeker, and he deeply enjoys meeting and feeling respected by people who are important,” he says.
Yet some of Vitalik’s points for Bitcoiners arguably have merit. For example, an Ethereum developer recently called out many of the over-complexity issues that Vitalik references in his piece.
Jack Dorsey – co-founder of Twitter – has also expressed similar “intolerance” to what Vitalik defends in his article. He has referred to the conditions that created Bitcoin as particularly “special” and “precious” compared to other coins.
Andrew is a content writer with a passion for Bitcoin. He became familiar with Bitcoin back in 2013 but began diligently studying blockchain technology and its economic implications in 2017.
Lawyers for FTX’s disgraced former boss, Sam Bankman-Fried (SBF), have reached an agreement with prosecutors allowing him to contact certain FTX employees. Besides certain restrictions, the 30-year-old may contact such parties through a host of new mediums. The New Rules Updated terms surrounding Bankman-Fried’s contact restrictions were sent to Lewis A. Kaplan – a judge for the Southern District of New York – in a letter on Monday. Bankman-Fried’s lawyers said the updated conditions were a response to the government…
The popular decentralized exchange, Uniswap, is having one of its latest governance proposals stonewalled by the crypto venture capital giant Andreesen Horowitz (a16z). The ongoing proposal vote, which ends on February 10, is currently 38% weighed against the change – almost entirely due to the software investor. So Much for Decentralization The proposal, tabled by 0xPlasma Labs on February 2, would have Uniswap v3 deployed to BNB chain. To enable the deployment, the proposal chose to use Wormhole – an…
Crypto bank Silvergate is under investigation by the US Justice Department’s fraud unit for its dealings with FTX and its sister trading arm, Alameda Research. The investigation is reviewing accounts concerning both businesses, which have been widely accused of engaging in a multi-billion dollar fraud using FTX customer funds. What Happened at Silvergate? As reported by Bloomberg on Thursday, the La Jolla, California-based bank hasn’t been accused of any wrongdoing, and investigations could end without any charges being laid. However,…
Berkshire Hathaway’s vice chairman, Charlie Munger, called for a ban on cryptocurrency in the United States on Monday, similar to the one in China. In an op-ed published with the Wall Street Journal, Munger argued that Bitcoin isn’t a currency, commodity, or security, but simply a form of gambling “ with a nearly 100% edge for the house. As such, the enactment of a federal law should ban such things from happening. Munger cited the Chinese communist party’s ban on…
Wybo Wiersma – a 40-year-old Oxford University graduate – has been sentenced to four and a half years in prison after scamming over $2 million in crypto from unsuspecting victims. Following his arrest in 2019, the Netherlands extradited the Dutchman back to the United Kingdom (UK) in 2021. Following a five-year investigation by the South East Regional Organised Crime Unit (SEROCU), he pled guilty on January 26 to the Oxford Crown Court. A Five-Year Investigation As reported by the Daily…
An independent examiner has revealed shocking details surrounding the inner workings of Celsius – a crypto lender that filed for bankruptcy in July 2022. The examiner claimed that Celsius did not operate by the business model that it presented to customers. He likened it to a Ponzi scheme, much like FTX – a company that happened to have used the same accounting software: QuickBooks. The Truth About CEL Token Per a filing from examiner Shoba Pillay on Tuesday, Celsius had…
The U.S. Securities and Exchange Commission (SEC) has made a landmark decision by approving 11 spot bitcoin exchange-traded funds (ETFs). This move represents a significant moment in the cryptocurrency industry, marking a shift towards greater institutional adoption and accessibility for investors. The approved ETFs include products from major firms such as BlackRock’s iShares Bitcoin Trust, Grayscale Bitcoin Trust, ARK 21Shares Bitcoin ETF, Bitwise Bitcoin ETP Trust, WisdomTree Bitcoin Fund, Fidelity Wise Origin Bitcoin Trust, VanEck Bitcoin Trust, Invesco Galaxy Bitcoin…
Berkshire Hathaway’s vice chairman, Charlie Munger, called for a ban on cryptocurrency in the United States on Monday, similar to the one in China. In an op-ed published with the Wall Street Journal, Munger argued that Bitcoin isn’t a currency, commodity, or security, but simply a form of gambling “ with a nearly 100% edge for the house. As such, the enactment of a federal law should ban such things from happening. Munger cited the Chinese communist party’s ban on…
According to a new earning report from automotive manufacturer Tesla, the company did not sell any of its BTC holdings in the fourth quarter of 2022. Amid speculations that the company had traded BTC during the testing bears, CEO Elon Musk revealed it was yet holding on to its BTC stash. Tesla Maintains Holdings After Initial Sell-Off In Q2 of 2022, Tesla opted to sell 75% of all its BTC. The car manufacturer received close to $950M in exchange. Notably,…
The District of Columbia Court of Appeals has marked a date for when Grayscale and the Securities and Exchange Commission (SEC) may present oral arguments regarding the approval of a Bitcoin spot ETF. Each side will present its case at 9:30 am ET on March 7, with the SEC arguing against the product, and Grayscale arguing in favor. Grayscale VS SEC The court date – revealed in a court order filed on Monday according to CNBC – is much earlier…
At 15:00 UTC on Wednesday, the much-anticipated Zhejiang testnet for staking withdrawal went live on Ethereum’s Beacon chain. Zhejiang will enable the testing of the Ethereum Improvement Proposal (EIP) 4895 which allows for staking withdrawals. This is in preparation for the network’s next major update, the Shanghai hard fork slated to launch sometime in March. Users Can Make Simulated Withdrawals with Zhejiang In a tweet yesterday, DevOps engineer at Ethereum foundation Barnabas Busa gave details about the Zhejiang testnet slated…
Post-merge Ethereum users have been eagerly awaiting the commencement of the network’s next major upgrade, Shanghai. However, after over 3 months of prep time, it appears the Shanghai rollout isn’t going as smoothly as expected. What Exactly is the Shanghai Upgrade? In September last year, the much-publicized Ethereum Merge also known as the Ethereum 2.0 upgrade went live. Ethereum underwent some significant changes as its consensus mechanism transitioned from proof-of-work to a cost-efficient proof-of-stake system. However, since the Beacon launch…
Per a report from blockchain analysis firm Chainalysis, the attacker behind the Nov 11 FTX exploit, is converting the stolen ETH to Bitcoin. There were muted fears the seemingly inexperienced perpetrator could dump all its ETH holdings. On Sunday, the attacker dumped 50k ETH on-chain, with ETH's price dipping by almost 7%. https://twitter.com/chainalysis/status/1594349583416840199?s=20&t=pgvQHeVytI20eKQ1ls9bxw Hacker Moves 50,000 ETH to New Address Over the past week, the perpetrator had been steadily swapping the cryptocurrencies they had carted off for Ether tokens. This…
According to new data, over half of the blocks on the Ethereum network now reportedly comply with the US Treasury OFAC’s standards. This comes roughly a month after the platform’s monumental merge update. Phasing Out Tornado Cash The Office of Foreign Assets Control is the intelligence and enforcement agency of the US Treasury Department. Indeed, the OFAC administers and enforces US financial sanctions. A prime example of this is the recent, highly-publicized ban on crypto mixer Tornado Cash. According to…
Cryptocurrency arbitrage has become an increasingly popular investment strategy as the crypto market grows and evolves. Arbitrage involves taking advantage of pricing discrepancies between markets or exchanges to profit. Investors can leverage profit opportunities by understanding cryptocurrency arbitrage while managing associated risks. In this guide, we'll explore cryptocurrency arbitrage and how it works. A Bitcoin-related example will help us illustrate the concepts of this strategy. What is Arbitrage and How Does it Work in Crypto Markets Crypto arbitrage trading is…
Are you interested in trading cryptocurrencies but feel intimidated by the complexity of the process? Copy trading is a great way to get into crypto without needing to be an experienced trader. With copy trading, investors can benefit from the experience and knowledge of more experienced traders, allowing even beginners to succeed. How does copy trading work, and which tips do you need to know to succeed? In this article, we'll explore all aspects of copy trading in crypto. What…
Cryptocurrency exchanges have become increasingly popular as they provide a platform for people to buy and sell digital assets. Unfortunately, not all crypto exchanges are safe or reliable. With the rise of cybercrime and fraud, you must learn to spot an unsafe crypto exchange before investing your money. This guide will help beginners identify and avoid potential risks when selecting a cryptocurrency exchange. The Role of Crypto Exchanges on the Digital Assets Market Cryptocurrency exchanges play a crucial role in…
Crypto grid trading has become a popular strategy because of its ability to help traders capitalize on market volatility. Grid trading means you can produce consistent profits by taking advantage of price differences in different markets or time frames. By establishing buy and sell orders at predetermined intervals, you can take advantage of these fluctuations in an automated way. This guide will explore the different aspects of grid trading and provide an overview of its benefits, challenges, and more. Through…
The digital landscape is set for an unprecedented transformation with the introduction of una Messenger, the latest innovation from web3 development powerhouse Wemade. This platform represents an evolution of the "PAPYRUS Messenger," serving as the cornerstone of the ambitious "unagi" initiative, aimed at catalyzing the mass adoption of blockchain technology. The "Unbound Networking & Accelerating Growth Initiative" seeks to bridge the divides between diverse blockchain services and networks, heralding a new era of interconnectedness. A New Frontier in Blockchain Communication…
Bit2Me, Spain's premier virtual asset exchange, has recently broadened the horizons for cryptocurrency enthusiasts by listing WEMIX, the cornerstone token of the WEMIX3.0 blockchain ecosystem. This marks a notable achievement as WEMIX's inaugural venture into the European market, emphasizing the token's role in facilitating a range of blockchain-based activities, from gaming transactions to decentralized finance (DeFi) applications. Launched with the intention to democratize access to WEMIX for the 450 million Spanish speakers around the globe, this strategic move aligns with…
In an exciting update for the cryptocurrency marketing landscape, CryptoVirally has announced a series of new entries and enhancements to its already comprehensive range of services. These updates, aimed at providing tailored marketing solutions for crypto projects, include new limited-time offers and expanded options for Cointelegraph publications. Limited Offers: A Game-Changer in Crypto Marketing CryptoVirally's limited offers section presents an enticing opportunity for crypto projects to leverage high-impact marketing services at discounted rates. These offers, available for a limited period,…
The WEMIX Foundation has unveiled 'una Wallet,' a revolutionary digital wallet designed to offer unparalleled convenience and security in managing digital assets across various blockchain networks. The announcement, made on January 17, 2024, signifies a new era in the seamless integration of multiple blockchain protocols, including Arbitrum, Avalanche, BNB Smart Chain, Ethereum, Kroma, Optimism, Polygon, and WEMIX3.0. 'una Wallet' is more than just a digital wallet; it represents the culmination of WEMIX's innovative efforts in the blockchain space. It serves…
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