Ethereum Cofounder Vitalik Buterin says Meta’s metaverse will fail. Meta has made two attempts to create a digital currency and both have failed. I agree with Buterin. If Meta successfully launches a metaverse, it won’t be THE metaverse. Fidelity lead macro strategist says bitcoin and ethereum are impenetrable markets. Will bitcoin miners see any relief? Meanwhile, bitcoin on exchanges continues decline. Most of us have been aware of bitcoin being impenetrable for some time,…
How KYC undermines the best thing about bitcoin (IF YOU READ NOTHING ELSE IN THIS NEWSLETTER, READ THIS). Man in jail for operating Bitcoin Fog says he never started the money laundering scheme and had nothing to do with it. At issue here is whether dark net crypto tracing best practices that have broken up other crime schemes worked to bring a kingpin to justice in the Bitcoin Fog case, or if this is really a case of the feds having the wrong guy because, in this case, the…
After a decline in earnings the past few months, I saw my cryptosocial earnings go up some in the month of July—back to where they were before the decline. A few things can be attributed to this rise: First, I added a new platform to my posting routine and it’s been lucrative Second, I’ve been more active on Hive, which has paid off Third, my Publish0x rewards, for some reason, did very well in July Without further ado, I present my cryptosocial earnings for the month of…
Bloomberg analyst says bitcoin is trading at “extreme discount.” Bitcoin mining company Core Scientific sold more bitcoin in July than it mined. Running a bitcoin mining operation is expensive. It’s likely that the company has financial obligations to meet and doesn’t have a large cash reserve. In that case, remaining liquid during the bear market is essential for long-term survival. Will stablecoins hinder the future of Ethereum’s Merge? Cofounder Vitalik Buterin thinks…
How bitcoin whales move markets. (An awesome read) Citi says Ethereum Merge could boost Coinbase’s stock price. Meanwhile, the Lightning Network is quietly scaling with new apps. The network currently has over 100 apps in 20 different categories. Good things scale. And when they reach a certain critical point, they begin to scale faster. Lightning Network could be at that critical point. More XRP holders join hands with Ripple to fight SEC, making the total 70,000 XRP…
Join me on Clubhouse! Thursday, August 18 at 12 noon CDT. I’ll be giving a free microclass as an introduction to Publish0x. Earn Crypto While You Learn About Crypto. Publish0x is a cryptosocial media platform where users earn tips for reading and creating content. Learn how to earn ETH and AMPL on this up-and-coming Web3 platform. I’ll be joined by Ryan Gerardi of AutoConversion. Bitcoin dominance hits 6-month lows. Bitcoin bounces over $24,000. Bloomberg analyst says it…
Peter Schiff says bitcoin will fall below $10,000 and never see another high. I think Peter Schiff is high. Ether hits 2-month high, surges above $1,900. JPMorgan says miners face an abrupt change after the Merge. No shit, Sherlock. Is it foolish to expect a price surge before and after the Merge? The long-expected event could happen sooner than expected. The target date has been moved up to September 15 or 16. Ripple Labs puts an eye on Celsius’ assets. They’re not the…
Bitcoin is the new meme machine. S&P Global downgrades Coinbase to BB rating. The crypto exchange is looking more like a meme stock. The biggest fool on the planet says earnings weren’t as bad as they seem. The key point is that Coinbase revenues are based on trading activity. When trading activity goes up again, and it will, revenues should go up again. The alleged developer of Tornado Cash was arrested in Amsterdam. Twitter reacts. CoinDesk breaks down how crypto mixers…
Bitcoin tops $25,000. Is the bear market over? Why bitcoin politics should be approached at the local level. Michael Saylor says bitcoin will demonetize gold. There will be more dips in the market before we see it soar. Don’t count crypto out of the woods yet. Ethereum on-chain activity reaches 5-year low. Meanwhile, proposed fork token loses half its value in six days. Binance holds more bitcoin than any other exchange. OpenSea is now requiring victims of NFT theft to…
The largest bitcoin miners lost over $1 billion in crypto crash. Traders now expect new yearly lows. Bitcoin could be the key to the universe. I thought it was the number 42. Crypto exchanges are halting Ethereum and ERC-20 token withdrawals during the Merge. Vitalik Buterin wants to burn ether staked by sanction-complying validators. I’m glad I moved all my Ethereum off of Coinbase, except for my staked ETH 2.0. Celsius CEO Alex Mashinsky reportedly took control over the…
Today, at noon CDT, I’ll be presenting a free microclass on cryptosocial platform Publish0x. You’re invited to join Ryan Gerardi and me as we discuss cryptosocial media, and Publish0x in particular. I’ll be covering some important topics about the platform such as How to join and why to join How you can earn crypto just by reading How to earn content by writing on Publish0x And various other aspects of the platform that make it unique This is an introduction to Publish0x. If…
The percentage of BTC supply has been stationary for longest period of time in history. In other words, more people are holding bitcoin for long durations relative to the number of people holding bitcoin. This indicates a greater trust in bitcoin. Ethereum Foundation says Merge will not reduce gas fees. Sixty-nine percent of Ethereum nodes are hosted on three centralized cloud service providers and more than half are with Amazon Web Services (AWS). I’m beginning to realize…
Crypto is crashing again and no one seems to know why, although Protocol says it’s bad bets on “safe” tokens. Bitcoin’s at a three-week low. Experts are saying there could be another big crash coming, and it could get nasty. You know, like Janet Jackson nasty. I say bring it on. If you haven’t figured this out yet, Ethereum Merge is about to put crypto miners out to pasture. The Merge will also make a big impact on Ethereum mempools. Miners and mining pools are going to have…
I’m looking for influencers willing to discuss their favorite cryptosocial or decentralized social media platforms on a podcast with me. Are you an expert on Read.Cash? Can you wax poetic on the ins and outs of Torum? Is there an up-and-coming cryptosocial platform you’re excited about? Reach out to me at allen@authorallentaylor.com, but only if you’re willing to be a guest on a podcast with a growing audience. Can Ethereum fight back against censorship? One analyst predicts…
17.5 million bitcoin addresses are now upside down. This coincides with an earlier report that more people than ever are hodling long-term. Either these long-term hodlers are extremely confident in a bitcoin bounce back or they’ve been fooled into thinking holding bitcoin long-term is wise in a downward-spiraling market. To be truthful, this is news only if you believe bitcoin is headed to zero. If you believe bitcoin is destined for $100,000, it’s business as usual. On…
The next crypto microclass on Clubhouse is scheduled for September 15, 12 noon CDT. Topic: Put Your Content to Work at Read.Cash/Noise.Cash. If you have experience with these social blogging platforms on the Bitcoin Cash blockchain, I’d love to see you at the free event. If you’d like to speak, let me know and you can share your knowledge and experience of Read.Cash and/or Noise.Cash. The largest bitcoin ATM company in the world, Bitcoin Depot, is going public on Nasdaq. Is…
Fed chairman says interest rates could go higher and bitcoin plummets—again. BTC is now 68 percent below its peak. More than half of all bitcoin trades could be fake. And September is looking to be a very ugly month for bitcoin’s price. Why Bitcoin copies just don’t cut it. There is a lot to chew on here, but I still think optimism is a good take—both on bitcoin and the overall crypto market. Could it be that more than half of bitcoin trades really are fake? I mean, it’s…
Crypto market cap falls under $1 trillion market cap. Over the weekend, bitcoin fell below $20,000. This could be the worst August since 2015. Despite new lows, bitcoin mining difficult could see 8-month gains. Some people would say this is a great opportunity to buy. Ethereum funding rates hits 14-month low. Why you should invest in Ethereum before the Merge, according to The Motley Fool. Coinbase adds Hedera to listing roadmap. Solana fans can now enjoy an adult beverage…
Bitcoin expected to become a zero-emission network. Yeah, right. A Forbes contributor says bitcoin is destined to $12,000. Predictions are like armpits—even the shaved ones smell bad. Number of Ethereum addresses with a loss hit a new high. 3 reasons why Ethereum PoW tokens will never gain traction. I highlighted one of those reasons myself. Crypto.com accidentally transfers $10.5 million to an Australian woman’s wallet and doesn’t notice for seven months. Now her assets are…
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