@cryptocracyOnNoiseApp 6 August 2022 more from that month

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 USDT and USDC could be a big factor. What the Merge means for miners. Tron Founder Justin Sun throws support behind Ethereum hard fork. BitMEX CEO Arthur Hayes says ETH could surge to $5,000 after the Merge. Coinbase and BlackRock are partnering to make crypto trading easier for institutional investors. Bloomberg investors discuss what that means for crypto. Coinbase is also the target of two new class action lawsuits, one alleging deceptive practices and the other seeking compensation for losses due to violations of securities laws. Has all this attention on the U.S.’s largest crypto exchange humbled Coinbase, and did the company’s rapid rise leave it exposed? Everyone’s talking about Coinbase. It’s unclear whether the partnership with BlackRock is a response to Coinbase’s sudden troubles, but it can’t hurt the company in the long run. An infusion of capital from the world’s largest investment bank will only help. Decentralization advocates, however, will see it differently. Coinbase’s biggest troubles right now are not related to the crypto winter. The exchange is getting hit from two sides—regulators are angling from one end and investors are tugging at the other, trying to use the law like a battering ram to regain their losses. If Coinbase can weather this storm, it will emerge a very strong contender. https://read.cash/@cryptocracy/ethereum-merge-will-stablecoins-hinder-it-47055186