Category: Cryptocurrency News

Cryptocurrency News and Public Mining Pools

How to trade Reddit’s $Moon tokens | SushiSwap Blog

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HardCore Cypherpunk vs Everyone Else

The real position of many or most in the Bitcoin community is full compliance with Nato and the West. Not a position of the 1st amendment, but a position of constitutional progressivism and national security interpretation of the law to bend and meld the 1st amendment such that the State ultimately dictates bitcoin and bitcoin…
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Bitcoin Mining Operations Continue to Expand Amid the Crypto Winter, While Converting ‘Wasted Gas to Energy at Scale’

The bitcoin mining industry continues to expand as companies are obtaining more megawatts of capacity, building new facilities, and acquiring thousands of application-specific integrated circuit (ASIC) mining rigs. On Friday, the firm Validus Power revealed it has acquired two natural gas power stations in Ontario, Canada, that will become crypto mining facilities. On the same […]

How Gold Continues To Prove To Be A Hedge Against Inflation

Across multiple economic downturns and bear markets, gold has proven to be a haven for investors worldwide, with many traders and investors opting to invest in it to protect their capital against value depreciation, which occurs from inflation, causing an increase in general prices. Because gold prices are related to the US dollar value due to gold being dollar-denominated, a stronger USD keeps the price of gold down and more controlled. A weaker USD drives the gold price higher due to increasing demand. Ultimately this means that more gold can be purchased when the dollar is more vulnerable, protecting investors against economic events like currency devaluation and providing a safety net during periods of political instability. Gold gained popularity for its ability to be an inflation hedge when governments attempted to protect their economies, like in 1879 when the US introduced a gold standard that began backing the US dollar with actual gold to combat inflation, and in 1971 when President Nixon decided to end the gold standard to gain better control over gold-to-dollar conversions and improve inflation. While the asset has become a go-to for many investors who wish to hedge against inflation due to its apparent low risk of price crashes, one study from Duke University found that the asset class was most successful at combating inflation when invested for periods of over a century. It found that shorter-term investments had more significant fluctuations that did not guarantee gains for investors. Despite its utility, investors should be aware that many gold mining companies are unsuccessful due to high overhead costs, debt, finance, lack of control over commodity prices and non-compliance. Investors looking to get into gold-backed cryptocurrencies sometimes fail because they cannot create commercial value nor maintain it. One company trying to provide a solution for this problem is Zambesi Gold, a thriving business that aims to lead the transition in mining assets becoming fully backed digital assets. Self-described in its whitepaper as being “backed by real gold, real people, and real mining operations combined with real value,” the company believes that current issues in gold investing exist due to companies having “a lack of a business plan which leads to less interest and productivity.” To solve these problems, an agreement between the Zambesi Token and its investors ensures that no fractional lending will occur. “The number of tokens will be fixed, preventing inflation; therefore, a token’s value will increase irrespective of the demand for the token or of the gold price, and the amount of gold backing for each token will increase each month.” The company believes that each asset should contribute to the profitability of a business and not subsidize other assets to reduce the cost of debt. It does this by allowing token holders to be the beneficiaries of the Gold Custodian Trust. In this vault, physical bullion gets stored. “The Zambesi Gold standard is a monetary system backed by the value of physical gold, with the project’s token, just like gold, being perfectly divisible, with historical and inherent value projected for the future.” By implementing this structure, Zambesi token holders are guaranteed that their investment in gold will always increase in quantity and value. In today’s bear market, investors are constantly looking for ways to hedge their portfolios against inflation. While gold has been proven to be a haven for investors, it is still not without risk, and many investments can take long periods to provide gains. However, newcomers like Zambesi Gold are disrupting this space, allowing investors an even safer and more secure way to invest in gold using cryptocurrency. To learn more about this exciting new project, head to Zambesi Gold’s website today.    

Has Mark Cuban Changed His Mind on Cardano?

Billionaire entrepreneur, Shark Tank judge, and crypto investor Mark Cuban locked horns with World Mobile CEO Micky Watkins this week over the utility of projects built on Cardano. Cuban has historically been critical of Cardano and its utility and recently turned to Twitter to voice his skepticism around the potential for success of Cardano-based projects in Africa. The post led to Cardano advocates speaking out on Twitter. The community voiced their perspective on the blockchain’s ability to deliver real-world services. Cuban responded he had not seen much adoption of Cardano applications or demand for payments in $ADA. The discussion quickly moved on to the Cardano-based project, World Mobile Token (WMT), which powers the World Mobile network as an example of real-world utility and value. World Mobile delivers a sharing economy that allows anyone to own a part of a network built by the people and earn income for connecting people around the world. Cuban quickly came back, stating the World Mobile network and token needed “a real” business model to succeed, and asked whether it had even begun to earn revenue from users on its network. At this point, World Mobile CEO Micky Watkins entered the debate, responding with a tweet citing the company’s average revenue per unit (ARPU) in Tanzania of $3 per month. A Passionate and Public Debate This Tweet off a long and passionate debate between Watkins and Cuban, with Cuban grilling Watkins about World Mobile’s business model and Watkins responding with data-led arguments around utility, adoption, and scaling. Cuban was initially skeptical, but the conversation quickly turned technical, with Cuban asking Watkins about the type of mesh protocols World Mobile uses, customer bandwidth, and more. Cuban and Watkins also argued over feedback from end users, with Cuban stating: “I don’t see you retweeting anything from actual end users. Which is why I’m so cynical about this and all the cardano Africa project posts. They don’t come from end users. Every great product lets the users do the talking for them.” Watkins responded by linking to a series of testimonial videos from users connected to and using the World Mobile network in Zanzibar. The Change in Attitude Throughout this energetic debate, Watkins and World Mobile seemed to score a few points with Cuban, who commended the goals of the project and the idea of reducing capital expenditure by allowing users to build out the network and own infrastructure. Finally, after the lengthy discussion on how the network nodes work, Watkins signed off the Twitter debate with a friendly and open invitation for further discussion. Cuban’s debate with Watkins served to show that regardless of the scepticism surrounding the Cardano, all that matters are the solutions blockchain has to offer. The value of World Mobile and WMT lies in real-world utility and a sound business model that holds up under fire from the “shark” himself. Perhaps this is the project that makes Cuban fall in love with Cardano after all.   Image: Entrepreneur/Getty Images (Eric McCandless)

Tornado Cash DAO goes down without explanation following vote on treasury funds

Github, Circle, dYdX, Alchemy, and Infura… All platforms have taken action against Tornado Cash or individuals connected to the mixer following U.S. sanctions.

In my experience, smaller Dollar Cost Average(DCA) investors make the most money in the long run. Not because investing a large amount at once is a bad strategy, but because investing a large amount at once makes you emotionally attached to the dollar value of your Bitcoin holdings.

Investing small amounts at a time allows one to not care where the price is at any given time as much, because those kind of investors put in small amounts at a time that they were going to spend anyway, allowing them to buy through every high and every dip, and hold long enough to…
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Crypto markets bounced and sentiment improved, but retail has yet to FOMO

The total crypto market capitalization is rising toward $1.25 trillion, but an assortment of metrics show retail and institutions are not ready to “ape.”

Upland Sustains Mass Market Readiness With All-Inclusive Economy

Upland is a mobile-first blockchain metaverse that allows users to buy virtual properties based on real world addresses, build on those properties to increase their value, and sell them to increase their virtual real estate portfolio. Upland has the unique position to attract mass markets due to the fact that the economy is built to […]