Category: Cryptocurrency News

We provide over 100+ FREE crypto articles on our SubStack! 😀 (Link on our profile). This is not financial advice. TLDR: Alchemix is one of the leading stablecoins in anchoring $alUSD to a stablecoin, specifically $DAI. Whereas $DAI is minted by collateralising crypto assets. If you understand $DAI well, stablecoins are created by debt. That…
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This is one of the most ridiculous things I have seen in a long time. Why do these billionaires have to tamper in crypto? Is it so that they just can't keep their greedy hands away from the space or why are they drawn to it. Jack Dorsey former Twitter CEO – recently posted this…
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When on etherscan looking at transactions I often see what I assume are centralized exchange addresses like “Coinbase 5” or “Coinbase 8”. This links to a typical looking address with usually a boat load of Eth. My question is since Coinbase is centralized and requires KYC how easy or hard is it to discover someone’s…
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Welcome to the Daily Discussion. Please read the disclaimer, guidelines, and rules before participating. Disclaimer: Consider all information posted here with several liberal heaps of salt, and always cross check any information you may read on this thread with known sources. Any trade information posted in this open thread may be highly misleading, and could…
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A few years ago it was an executives’ dream to work at Google, Amazon, Apple, and the other Big Tech firms of Silicon Valley, but now that dream has evolved into crypto startups. Whether it is to join a blockchain-related company or start a new one, high-paying executives and engineers are leaving the valley of big salaries and CEOs at an accelerating rate. The New York Times reported the exodus of Big Tech executives and the boom of crypto products like NFTs is seen as a possible reason for it. But if the fantasy of Silicon Valley talent used to be that cushy position involving good money, what do crypto firms represent to them now? Could it still be just about money? Big companies like Google are getting worried about keeping the talent in. Allegedly, they have started to offer additional stock grants for the employees who are likely to choose a crypto startup over them, although the company refused to comment for the paper. Evan Cheng, co-founder and chief executive of a blockchain-related startup called Mysten Labs, commented about the change of hearts: “Back in 2017 or so, people were mostly in it for the investment opportunity,” and added that “Now it’s people actually wanting to build stuff.” Execs Are Silicon Valley’s Exes Here are some of the executives that have broken the Big Tech guys frozen hearts: Sandy Carter used to be Amazons’ vice president, now she’s Senior Vice President and Channel Chief of Unstoppable Domains, a company that uses blockchain domains to connect Web2 to Web3. Former chief financial officer of Lyft, Brian Roberts, left the company to join the popular OpenSea Jack Dorsey, of course, left his position as Twitter’s chief executive to dedicate himself to Square, now renamed Block because of the blockchain. David Marcus, the head of cryptocurrency efforts at Meta, is leaving the company and reportedly joining a cryptocurrency project of his own. Surojit Chatterjee, Google’s former vice president, is now Coinbase’s chief product officer. Related Reading | Deloitte Survey Shows 76% Of Finance Execs Think Physical Money Is Nearing Its End Will The Exodus Continue? Absolutely yes, said Sandy Carter, the former Amazon vice president. She thinks that “It’s the perfect storm,” and added that “The time is just perfect to jump in on it.” Meanwhile, Brian Roberts told The New York Times in an email: “I’ve seen enough cycles and paradigm shifts to be cognizant when something this big is just emerging, … We are Day 1 in terms of NFTs and their impact.” Back to the question of why exactly is the talent leaving Silicon Valley, a part of the decision might be related to the salaries, but another side of it is ideological and enthusiastic: engineers are tired of dealing with bureaucracy, many feel the desire to build something, plus the ethics and moral aspects of Big Tech firms don’t help either. Ms. Carter noted that some of this talent is being lured by the empowerment of decentralization against the dominance of large companies. It is appealing to not be part of the ones controlling personal data to generate a large income. “Software engineering culture has always leaned toward anti-authoritarianism” explained Dan McCarthy from the firm Paradigm. He, who spent seven years recruiting talent for Google, paints the scenario of working for a FAANG company (Facebook, Amazon, Apple, Netflix, and Google): your impact on the product you’re building may be negligible, nothing you’ll work on is truly yours, … That’s setting aside all of the ethical quandaries related to privacy, security, and ownership that are inherent to those companies and grating to anyone who self-identifies as anti-authoritarian on any level. He further explains the attractiveness of crypto startups token-based vesting model, where “employees accrue an ownership stake in the company over time just like stock options”, but including the benefits of “no exercise cost”, tokens being “governed by a transparent, immutable smart contract”, plus they retain “liquidity continuously over time”, and other positive aspects. He notes several other luring points, like the openness of DAOs in comparison to the lack of transparency and invasive behavior of big tech, and the possibility of causing “real-world impact”, which he defines as “the ability of one person to influence the direction of a project or technology.” Related Reading | Cardano Founder Spills The Beans on “Fakeness” of Silicon Valley

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The CEO of Microstrategy expects the price of bitcoin to reach $6 million, noting that it is “unstoppable” and will replace gold. The executive personally owns 17,732 bitcoins while his company is hodling 122,478 bitcoins. Microstrategy’s CEO Expects Bitcoin to Hit $6 Million Microstrategy CEO Michael Saylor talked about his bitcoin strategy and BTC price […]

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Ethereum has had a good year in 2021, although the digital asset is looking to close out the year on a less than a bullish note. Nevertheless, investor sentiment around the altcoin continues to be on the positive side as most expect the cryptocurrency to do well in the coming years. One of those is a crypto research analyst at Fundstrat, Armando Aguilar, who believes that Ethereum will double in price next year. Ethereum Heading For A Big Year In a report on Business Insider, Aguilar noted that the year has been a choppy one for the cryptocurrency market. There were several bull rallies and crashes that rocked the market for the year, and the analyst expects to see this choppiness persist into next year. However, next year does not look to be all bad from his perspective. Related Reading | Jack Dorsey Disses Ethereum, Web3 In Twitter Rampage Aguilar shared with Insider that he was expecting more adoption from institutional investors into bitcoin which would lead to what he sees to be a successful year. For Ethereum, this has some important implications as the coin has now lost its footing above $4,000. Aguilar explained that he sees the price of Ethereum doing very well going into the year 2022. ETH begins recovery towards $4k | Source: ETHUSD on TradingView.com He puts the price of the second-largest cryptocurrency by market cap at $9,000 by the second quarter of 2022. This will be propelled by the growth of decentralized finance (DeFi), the metaverse, and NFTs. Even with the explosive growth of DeFi in 2021, Aguilar sees this growth going into 2022 as institutional investors take more stake in the market. As this demand grows, Atheneum’s value will grow with it, putting it at $9,000 in the first half of 2022. “I believe that DeFi will play a major role for institutional capital next year,” said Aguilar. “As institutional and retail demand drove DeFi into new heights, the trends will continue to spill into 2022.” Bitcoin Clocking Six Figures For Ethereum to hit Aguilar’s prediction, bitcoin would also have to see explosive growth in 2022. This is why the analyst also expects bitcoin to finally hit six figures in the same time frame. He puts this up to more adoption from institutional investors as they turn to bitcoin to combat rising inflation rates. This will see the price of bitcoin finally surge towards the coveted $100,000 price. Related Reading | By The Numbers: How Ethereum 2.0 One-Year Stats Stack Up Additionally, institutional investors are already getting exposure to the digital asset through the various ETFs that have been approved by the SEC. Aguilar notes that funds like Valkyrie are tracking US public companies that are exposed to bitcoin through the Balance Sheet Opportunities ETF. Just like Ethereum, bitcoin looks to be heading towards a year-end close below expectations. The digital asset continues to struggle at $48,000 going into the holidays, suggesting that a close below $50,000 for the year is imminent. Featured image from BankrateAn, chart from TradingView.com