Category: Cryptocurrency News

A technology investor who backed ridesharing app Uber in its early days has sparked backlash from the Bitcoin community after claiming Bitcoin will inevitably be replaced by something better.“Bitcoin has been a wonderful game, but with a couple of giant players cornering the market, the timing is right to “build a better Bitcoin” — restarting the game,” prominent angel investor and internet entrepreneur Jason Calacanis told his 981,600 X followers on March 14.Calacanis, an early investor in Bitcoin-related companies like online trading platform Robinhood and Bitcoin startup Keza, said, “All technology gets replaced over time… and Bitcoin will be no different.”Opportunity presents for Bitcoin layer-2 projectsFounders and executives of Bitcoin-related companies were quick to push back, arguing that Bitcoin will not be replaced, though there’s still room for a dominant layer-2 protocol to emerge on top of the Bitcoin network.Source: Pierre RochardSwan Bitcoin co-founder Brady Swenson said, “Winning protocols don’t get replaced; they are built upon.” “Bitcoin will never be replaced as a protocol for value transfer. The race is still on for the winning second layer protocol,” Swenson said.The other co-founder of Swan Bitcoin, Cory Klippsten, said, “Bitcoin is a technological revolution changing all industries, not following the adoption curve of a single technology like an iPad.”Source: Jason LoweryEchoing a similar sentiment, Lightspark CEO David Markus said, “What it lacks in functionality can be built on L2s.” “Trying to build a better Bitcoin is a fool’s errand.”Meanwhile, ShapeShift CEO Eric Voorhees said Bitcoin’s limitations can be solved “on other chains.”The bigger Bitcoin grows, the “less likely” it is to be replacedMany in the industry have emphasized the importance of layer-2s for Bitcoin, as they provide use cases that the Bitcoin network cannot support, such as deploying smart contracts.However, Muneeb Ali, co-founder of Stacks, recently told Cointelegraph that more than two-thirds of existing Bitcoin layer-2 projects will not exist within three years as their initial excitement will fade.Source: Gastón SilvaBitcoin advocate Wayne Vaughan said people wrongly assume Bitcoin is easily replaceable because they see it as just an asset, application, or platform.“I think of Bitcoin as a network. The larger the network gets, the less likely it is for something else to replace it,” Vaughan said in a March 15 X post. Related: Strategy’s Bitcoin stash still up over $7B despite market downturnStrive Funds CEO Matt Cole said, “There will not be a “better” Bitcoin.” “I do think we will get occasional alt seasons of ever-diminishing strength that will continue to make insiders money. Most people will end up with less Bitcoin by going to that casino,” Cole said.This is not the first time that Calacanis’ comments have caused debate in the crypto industry.In June 2020, Calacanis said that nearly all of the crypto projects around the world are under the control of “unqualified idiots” or “grifters” with below-average skills.Magazine: Crypto fans are obsessed with longevity and biohacking: Here’s why

A technology investor who backed ridesharing app Uber in its early days has sparked backlash from the Bitcoin community after claiming Bitcoin will inevitably be replaced by something better.“Bitcoin has been a wonderful game, but with a couple of giant players cornering the market, the timing is right to “build a better Bitcoin” — restarting the game,” prominent angel investor and internet entrepreneur Jason Calacanis told his 981,600 X followers on March 14.Calacanis, an early investor in Bitcoin-related companies like online trading platform Robinhood and Bitcoin startup Keza, said, “All technology gets replaced over time… and Bitcoin will be no different.”Opportunity presents for Bitcoin layer-2 projectsFounders and executives of Bitcoin-related companies were quick to push back, arguing that Bitcoin will not be replaced, though there’s still room for a dominant layer-2 protocol to emerge on top of the Bitcoin network.Source: Pierre RochardSwan Bitcoin co-founder Brady Swenson said, “Winning protocols don’t get replaced; they are built upon.” “Bitcoin will never be replaced as a protocol for value transfer. The race is still on for the winning second layer protocol,” Swenson said.The other co-founder of Swan Bitcoin, Cory Klippsten, said, “Bitcoin is a technological revolution changing all industries, not following the adoption curve of a single technology like an iPad.”Source: Jason LoweryEchoing a similar sentiment, Lightspark CEO David Markus said, “What it lacks in functionality can be built on L2s.” “Trying to build a better Bitcoin is a fool’s errand.”Meanwhile, ShapeShift CEO Eric Voorhees said Bitcoin’s limitations can be solved “on other chains.”The bigger Bitcoin grows, the “less likely” it is to be replacedMany in the industry have emphasized the importance of layer-2s for Bitcoin, as they provide use cases that the Bitcoin network cannot support, such as deploying smart contracts.However, Muneeb Ali, co-founder of Stacks, recently told Cointelegraph that more than two-thirds of existing Bitcoin layer-2 projects will not exist within three years as their initial excitement will fade.Source: Gastón SilvaBitcoin advocate Wayne Vaughan said people wrongly assume Bitcoin is easily replaceable because they see it as just an asset, application, or platform.“I think of Bitcoin as a network. The larger the network gets, the less likely it is for something else to replace it,” Vaughan said in a March 15 X post. Related: Strategy’s Bitcoin stash still up over $7B despite market downturnStrive Funds CEO Matt Cole said, “There will not be a “better” Bitcoin.” “I do think we will get occasional alt seasons of ever-diminishing strength that will continue to make insiders money. Most people will end up with less Bitcoin by going to that casino,” Cole said.This is not the first time that Calacanis’ comments have caused debate in the crypto industry.In June 2020, Calacanis said that nearly all of the crypto projects around the world are under the control of “unqualified idiots” or “grifters” with below-average skills.Magazine: Crypto fans are obsessed with longevity and biohacking: Here’s why

A technology investor who backed ridesharing app Uber in its early days has sparked backlash from the Bitcoin community after claiming Bitcoin will inevitably be replaced by something better.“Bitcoin has been a wonderful game, but with a couple giant players cornering the market, the timing is right to “build a better Bitcoin” — restarting the game,” prominent angel investor and internet entrepreneur Jason Calacanis told his 981,600 X followers on March 14.Calacanis, an early investor in Bitcoin-related companies like online trading platform Robinhood and Bitcoin startup Keza, said, “All technology gets replaced over time… and Bitcoin will be no different.”Opportunity presents for Bitcoin layer-2 projectsBitcoin (BTC) co-founders and executives were quick to push back, arguing that Bitcoin will not be replaced, though there’s still room for a dominant layer-2 protocol to emerge on top of the Bitcoin network.Source: Pierre RochardSwan Bitcoin co-founder Brady Swenson said, “Winning protocols don’t get replaced; they are built upon.” “Bitcoin will never be replaced as a protocol for value transfer. The race is still on for the winning second layer protocol,” Swenson said.Swan’s other co-founder, Cory Klippsten, said, “Bitcoin is a technological revolution changing all industries, not following the adoption curve of a single technology like an iPad.”Source: Jason LoweryEchoing a similar sentiment, Lightspark CEO David Markus said, “What it lacks in functionality can be built on L2s.” “Trying to build a better Bitcoin is a fool’s errand.”Meanwhile, ShapeShift CEO Eric Voorhees said Bitcoin’s limitations can be solved “on other chains.”The bigger Bitcoin grows, the “less likely” it is to be replacedMany in the industry have emphasized the importance of layer-2s for Bitcoin, as they provide use cases that the Bitcoin network cannot support, such as deploying smart contracts.However, Muneeb Ali, co-founder of Stacks, recently told Cointelegraph that more than two-thirds of existing Bitcoin layer-2 projects will not exist within three years as their initial excitement will fade.Source: Gastón SilvaBitcoin advocate Wayne Vaughan said people wrongly assume Bitcoin is easily replaceable because they see it as just an asset, application, or platform.“I think of Bitcoin as a network. The larger the network gets, the less likely it is for something else to replace it,” Vaughan said in a March 15 X post. Related: Strategy’s Bitcoin stash still up over $7B despite market downturnStrive Funds CEO Matt Cole said, “There will not be a “better” Bitcoin. I do think we will get occasional alt seasons of ever diminishing strength that will continue to make insiders money. Most people will end up with less Bitcoin by going to that casino.” This is not the first time that Calacanis’ comments have caused debate in the crypto industry.In June 2020, Calacanis said that nearly all of the crypto projects around the world are under the control of “unqualified idiots” or “grifters” with below-average skills.Magazine: Crypto fans are obsessed with longevity and biohacking: Here’s why

As a lawyer (not yours), I spend a good chunk of my time explaining to businesses why they need to pour half their budget into compliance instead of, you know, actually building something useful. But even in the bureaucratic maze I call my profession, few things have been as spectacularly counterproductive as the UK’s Financial […]

The Ethereum (ETH) market has experienced some recent good fortunes rising by over 5% in the past 24 hours. Despite this price gain, the prominent altcoin remains in a downtrend as indicated by its 11.17% loss in the past week.  However, prominent analytics platform Glassnode has discovered an important price level that could offer some short-term support. Related Reading: Ethereum Consolidates Since ‘The Big Dump’ – Local Trend Reversal Or Continuation? Investors Boost Accumulation By 300,000 ETH At This Price Region – What Could It Mean? In an X post on March 14, Glassnode provided an intriguing analysis of the ETH market highlighting a potential strong support level. Based on the Cost Basis Distribution (CBD) metric, these analysts believe ETH is likely to hit a major support zone at the $1,886 price level in the case of a further price decline. In the crypto market, CBD represents a crucial on-chain metric that tracks the price levels at which tokens were last sold or bought. When a significant number of coins is acquired within a specific price range, that zone often serves as a support or resistance level. According to Glassnode, Ethereum’s CBD data shows that investors’ supply at $1,886 has grown from 1.6 million ETH to 1.9 million ETH indicating the acquisition of an additional 300,000 ETH when price last reached this level. This development postulates that a significant portion of investors view $1,886 as a crucial price point and are likely to increase their holdings in this region to prevent any further decline thus creating a viable support zone. Glassnode notes that this postulation aligns with insights from its custom capitulation metric design to capture price capitulation events leveraging the use of weighted sell volumes and non-linear economic pain experienced by investors. However, it’s worth noting that the $1,886 price level can only offer short-term support suggesting a likely price capitulation in the presence of overwhelming selling pressure. Related Reading: Bitcoin Faces Rejection At $84,000, But Analysts Show 2020 Similarities – Recovery Ahead? Ethereum Price Overview  At the time of writing, Ethereum trades at $1,924 following a 5% gain on the last day as previously stated. Meanwhile, the market’s daily trading volume is down by 29.29% and valued at $12.91 billion. Interestingly, the Relative Strength Index metric suggests Ethereum could soon enter the oversold region and potentially experience a price reversal. However, ETH bulls are confronted with multiple resistance zones at $2,249, $2,539, and $2,829 if they are to pull off any significant rebound and halt the current downtrend. On the other hand, any decisive price fall below $1,886 could lead to lower levels Such as $1,650 and $1,132. Featured image from iStock, chart from Tradingview

Jackdaw, a Ravencoin token, is entering the final phase of its incubation, Phase Zero. Jackdaw was distributed for free here on reddit and other platforms in late 2023. You can currently trade it on the neoxa.app exchange, so don't forget to check your wallets to see if you hold any! 🙂 submitted by …
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A podcaster turned crypto conman swindled investors out of $2 million, using fake businesses and pop culture references before vanishing—until a Vegas arrest sealed his fate. From Podcast Fame to Prison: How Investors Were Fooled for Years The U.S. Department of Justice (DOJ) announced on March 14 that Brooklyn podcaster and cryptocurrency personality Thomas John […]

Ethereum (ETH) has been on a slow and steady upward trajectory, inching closer to a crucial technical indicator: the 100-day Simple Moving Average (SMA). This level is more than just a line on a chart—it’s a key battleground for bulls and bears, often dictating the next major move. As ETH approaches this critical resistance, speculations on whether this could catalyze a sustained rally or a stumbling block that triggers a pullback arise. The 100-day SMA is a widely followed indicator that reflects the medium-term trend, and its significance cannot be overstated. For Ethereum, breaking above this level could reignite bullish sentiment, paving the way for higher price targets. On the flip side, a rejection might lead to further consolidation or even a retest of lower support levels Ethereum Price Struggles: Can Bulls Gain Momentum? Ethereum has been facing a tough battle as it slowly climbs toward the 100-day SMA. Despite attempts at recovery, the price has struggled to gain strong upside movement, with resistance levels capping its moves. Buyers have shown interest at key support zones, preventing further declines, but a lack of sustained volume and conviction has kept ETH from breaking higher. Related Reading: Ethereum Price Recovery Capped—Bulls Struggle Near Resistance The MACD indicator hints at a potential momentum shift in Ethereum’s price action. While the MACD and signal lines have crossed and are approaching the zero line, a confirmed bullish crossover is still lacking. Additionally, the narrowing histogram suggests a transition from bearish to neutral or bullish, but further confirmation is needed for a sustained upward move. For Ethereum to sustain a bullish move, the MACD line and signal line need to rise above average, accompanied by expanding histogram bars in the positive zone. If this occurs, it could strengthen upward momentum. However, failure to achieve a breakout leaves Ethereum vulnerable to consolidation or a downside move. What A Successful Breakout Means A breakout above the 100-day SMA would serve as a strong bullish confirmation for Ethereum, signaling renewed upward momentum and shifting market sentiment in favor of buyers. This move would suggest that Ethereum has overcome a key technical barrier, potentially attracting more investors and traders looking to capitalize on the uptrend. Related Reading: Ethereum Gained 160% The Last Time This On-Chain Indicator Flashed – Will ETH Soar Again? Ethereum could set its sights on the $2,160 resistance level if the breakout is sustained with increased volume and strong follow-through. A successful push above this level may increase the likelihood of more price appreciation toward other resistance levels, such as $2,858 and $3,360.  However, if Ethereum fails to achieve a breakout above the key resistance level, it could face renewed selling pressure, leading to a fresh decline toward the $1,523 support zone. This level has historically acted as a key demand area, where buyers might attempt to prevent further downside. Featured image from Unsplash, chart from Tradingview.com

Fake “investment education foundations” use deceptive trials and bogus loans to scam cryptocurrency investors, North Dakota regulators warn. Regulator Sounds the Alarm: Fake ‘Investment Education’ Scams Are Out of Control The North Dakota Securities Department has issued a warning about fraudulent “investment education foundations” that claim to teach investors about cryptocurrency and stocks while secretly […]