Inflation punishes the prudent while Bitcoin gives future hope — Jordan Peterson
The ability to save up is an essential tool for self-regulation and planning for the future, but when inflation becomes uncontrollable, those who put in their efforts to delay gratification get punished for their choice. On the other hand,...
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BTC wholecoiners up by 40K since June crash began
Smaller Bitcoin (BTC) investors have found a unique opportunity during the crypto slump to snap up their favorite cryptocurrency. The number of wholecoiners has surged by 40,000 since the June slump alone. According to LookIntoBitcoin, the...
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Binance, KuCoin, OKX CEOs flex security amid Solana FUD storm
With Solana hitting the headlines for succumbing to a hack on Wednesday, prominent crypto CEOs — including Binance’s Changpeng “CZ” Zhao, KuCoin’s Johnny Lyu and OKX’s Jay Hao — recommended that Solana (SOL) investors move their...
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Will Ethereum Classic become the new home for miners after the Merge?
The Merge is expected to happen in September and the market has already acted. Ethereum has seen tremendous growth in price over the last two weeks and even outperformed Bitcoin. It remains to be seen if the event is...
Mental health support prime for decentralization, say academics
Decentralized mental health services could be the answer to the looming shortage of mental health professionals, according to professors from John Hopkins University based in Baltimore.Speaking to Cointelegraph, Dr. Johannes Thrul from the John...
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Curve is developing its own stablecoin, is this the right time?
Stablecoins are facing a tough time in 2022. In May Terra failed and about $60 billion got lost within weeks. The aftermath of the crash is keeping the market and regulators still busy. Even established stablecoins as USDT and...
Oxford City Football Club to accept Bitcoin for matchday tickets
United Kingdom Bitcoin (BTC) payments adoption just recruited a new player. Oxford City Football Club looks to become the first National League football club to accept matchday payments in BTC when the season kicks off on Aug. 6.Fans will...
Contributors piling into Bitcoin, Ethereum, and Solana since 2018: Report
Despite crypto market turbulence, active contributors across Bitcoin, Ethereum, and Solana’s top projects have increased by an average of 71.6% per year since January 2018, according to a new report.The findings come from an August 2 report...
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Contagion only hit firms with ‘poor balance sheet management’ — Kraken Aus boss
The crypto contagion sparked by Terra’s infamous implosion this year only spread to companies and protocols with “poor balance sheet management” and not the underlying blockchain technology, says Kraken Australia’s managing director...
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Textbook publisher wants to use NFTs to skim the used-textbook market
Textbook publisher Pearson has revealed its plans to use non-fungible tokens (NFTs) to keep track of digital textbook sales and effectively “diminish the secondary market" for its digital textbooks. According to a Bloomberg report on August 1,...
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Ongoing Solana-based wallet hack has already seen millions drained
A security vulnerability impacting the Solana ecosystem has reportedly seen millions in funds drained across a number of Solana-based wallets.At the time of writing, Solana (SOL) is currently trending on Twitter as countless users are either...
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‘This is on me’ — Robinhood CEO to lay off 23% of staff after Q2 loss
Online brokerage Robinhood will lay off nearly a quarter of its employees, citing a continued deterioration of the macro environment and a broad crypto market crash. The bad news came in a blog post on August 2 from cofounder...
Gucci becomes first major brand to accept ApeCoin payments
Italian high-end fashion giant Gucci has become the first major brand to accept payments in the Bored Ape Yacht Club affiliated ApeCoin (APE). The move was announced on August 1 and could provide the ApeCoin project with significant mainstream...
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Polkadot ‘cup and handle’ setup sees DOT price 50% higher by September
Polkadot (DOT) looks ready to extend its ongoing price recovery due to a classic bullish pattern forming on its daily chart.DOT paints "cup and handle" patternNotably, DOT has been forming a "cup and handle" pattern since mid-June, confirmed by...
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Bitcoin derivatives show a lack of confidence from bulls
Bitcoin (BTC) has been trending up since mid-July, although the current ascending channel formation holds $21,100 support. This pattern has been holding for 45 days and could potentially drive BTC towards $26,000 by late August.Bitcoin/USD...
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Michael Saylor will step down as MicroStrategy CEO but remain as executive chair
Bitcoin maximalist Michael Saylor has announced that he will step down as the chief executive officer of MicroStrategy, the business intelligence firm he helped co-found in 1989.In a Tuesday notice on its second quarter earnings for 2022,...
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Crypto miner Digihost plans to move rigs from New York to Alabama
Digihost, a United States-based cryptocurrency mining company, has announced plans to move part of its fleet from New York to Alabama in an effort to lower energy costs.In a Tuesday announcement, Digihost said its 55-megawatt (MW) facility in...
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CoinShares reports $21.7M loss tied to Terra implosion
On Tuesday, European cryptocurrency investment firm CoinShares posted its interim Q2 2022 results. Compared to the prior year's quarter, the firm's revenue declined from 19.6 million pounds ($23.89 million) to 14.2 million pounds ($17.31...
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Crypto users spent $2.7B minting NFTs in first half of 2022: Report
According to new market research published by blockchain data firm Nansen, crypto users spent 963,227 Ether (ETH), worth $2.7 billion, minting nonfungible tokens (NFTs) on the Ethereum blockchain in the first half of 2022. An overwhelming...
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Hedge fund billionaire Steve Cohen exits crypto startup Radkl amid bear market: Report
Steve Cohen, the founder of hedge fund Point72 Asset Management, has reportedly exited his investment in crypto trading firm Radkl.According to a Tuesday report from Bloomberg citing a Radkl spokesperson, Cohen has reduced his exposure to crypto...
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