💣 SWIFT plans to explore how it can support interoperability in the tokenized asset market in 2022 — the experiments will use central bank digital currencies (CBDCs) as well as established forms of payment.
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🧬 Dogecoin published a new roadmap, which mentioned the joint work of Dogecoin Foundation and Vitalik Buterin, who would implement a Proof-of-Stake mechanism to launch a staking available to all users regardless of their balance.
Among other things, the developers described several other items:
— Moving the nodes to the Starlink satellite network while installing terrestrial radio frequency stations
— Advertising the project through the Dogepedia website
— Creating a library for Libdogecoin developers
— Creation of a second layer protocol to speed up transactions and reduce fees
— Creating standard application templates and SDKs to improve blockchain security
The developers also compared DOGE to the Roman denarius, which at one time was the only legal tender in all of Europe.
Among other things, the developers described several other items:
— Moving the nodes to the Starlink satellite network while installing terrestrial radio frequency stations
— Advertising the project through the Dogepedia website
— Creating a library for Libdogecoin developers
— Creation of a second layer protocol to speed up transactions and reduce fees
— Creating standard application templates and SDKs to improve blockchain security
The developers also compared DOGE to the Roman denarius, which at one time was the only legal tender in all of Europe.
🇸🇻 Salvadoran President Nayib Bukele responded to all critics by saying:
"What has been called by international organizations as “The Bitcoin Experiment”, is nothing more than the world watching how mass adoption changes a country’s economy.
If it’s for the good, it’s game over for FIAT. El Salvador is the spark that ignites the real revolution"
Agree, or just words?
"What has been called by international organizations as “The Bitcoin Experiment”, is nothing more than the world watching how mass adoption changes a country’s economy.
If it’s for the good, it’s game over for FIAT. El Salvador is the spark that ignites the real revolution"
Agree, or just words?
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"Recovery will take time." What is coming to Bitcoin next week
Current week bitcoin price exceeded $51.8 ths. As of December 26, the first cryptocurrency is trading at $49.8 ths.
At the moment, the situation with bitcoin disposes to the growth above $60k. Recovery of the asset to this mark will take time, since there will be low liquidity at the crypto market during the holidays.
Investing in bitcoin and other cryptocurrencies at current prices one should be prepared for the fact that in the first days of next year regulators may issue tough statements to regulate the crypto market
Current week bitcoin price exceeded $51.8 ths. As of December 26, the first cryptocurrency is trading at $49.8 ths.
At the moment, the situation with bitcoin disposes to the growth above $60k. Recovery of the asset to this mark will take time, since there will be low liquidity at the crypto market during the holidays.
Investing in bitcoin and other cryptocurrencies at current prices one should be prepared for the fact that in the first days of next year regulators may issue tough statements to regulate the crypto market
🤹 Bitcoin is worse than a Ponzi scheme — opinion
An Oxford University scholar said that while Bitcoin is considered one of the most efficient assets of 2021, it is much "worse" than a Ponzi scheme. According to Robert McCauley, BTC has no fundamental value, he highlighted several features of "this scheme."
— The network's creator, Satoshi Nakamoto, remains anonymous and if the pyramid collapses, investors have no central person to recover their lost funds.
— Investors purchase Bitcoin in order to make a profit, using a pump and dump strategy.
— Price growth is only possible if new users come in and buy Bitcoin.
— The critical place of BTC is the stablecoins. Their collapse would disrupt the entire crypto ecosystem.
— Only certain users, such as miners, are guaranteed to make their profits, provided the network is up and running.
McCauley also added the BTC collapse would be more catastrophic than the Ponzi scheme crash.
An Oxford University scholar said that while Bitcoin is considered one of the most efficient assets of 2021, it is much "worse" than a Ponzi scheme. According to Robert McCauley, BTC has no fundamental value, he highlighted several features of "this scheme."
— The network's creator, Satoshi Nakamoto, remains anonymous and if the pyramid collapses, investors have no central person to recover their lost funds.
— Investors purchase Bitcoin in order to make a profit, using a pump and dump strategy.
— Price growth is only possible if new users come in and buy Bitcoin.
— The critical place of BTC is the stablecoins. Their collapse would disrupt the entire crypto ecosystem.
— Only certain users, such as miners, are guaranteed to make their profits, provided the network is up and running.
McCauley also added the BTC collapse would be more catastrophic than the Ponzi scheme crash.
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The Central Bank of Argentina is preparing to crack down on cryptocurrency speculators
With each passing year, digital assets lure a huge number of speculators who seek to profit from incompetent consumers new to the crypto space.
Recently, dubious companies have stepped up in some provinces of Argentina, urging citizens to invest their savings in cryptocurrency. Unsavvy users, in turn, believe in the "instant and solid" income, not realizing they are dealing with scammers.
The Central Bank of Argentina recently issued a statement saying that it will not only verify the activities of dubious cryptocurrency companies, but also initiate criminal proceedings against their creators and management.
With each passing year, digital assets lure a huge number of speculators who seek to profit from incompetent consumers new to the crypto space.
Recently, dubious companies have stepped up in some provinces of Argentina, urging citizens to invest their savings in cryptocurrency. Unsavvy users, in turn, believe in the "instant and solid" income, not realizing they are dealing with scammers.
The Central Bank of Argentina recently issued a statement saying that it will not only verify the activities of dubious cryptocurrency companies, but also initiate criminal proceedings against their creators and management.
🔥 Adam Back is said to be Satoshi Nakamoto.
Every compiler (a program that translates text written in a programming language) generates a unique fingerprint depending on the configuration of the PC — Bitcoin and Hashcash share an identical one, meaning they are both compiled on the same computer.
💡 Adam Back developed Hashcash in 1997, a proof-of-work system used to reduce spam and DoS attacks. Later Hashcash was used in the Bitcoin network and other cryptocurrencies. Back is known to be one of the first BTC users, and he also corresponded directly with Satoshi.
Every compiler (a program that translates text written in a programming language) generates a unique fingerprint depending on the configuration of the PC — Bitcoin and Hashcash share an identical one, meaning they are both compiled on the same computer.
💡 Adam Back developed Hashcash in 1997, a proof-of-work system used to reduce spam and DoS attacks. Later Hashcash was used in the Bitcoin network and other cryptocurrencies. Back is known to be one of the first BTC users, and he also corresponded directly with Satoshi.
🌎 Binance received approval to operate in Canada and Bahrain
In Bahrain, the world's largest cryptocurrency exchange received approval from the Central Bank to operate as a cryptocurrency service provider. And Binance's subsidiary, Binance Canada Capital Market, has been licensed to trade digital assets in Canada.
CZ commented:
“Today 99.9% of the money is still in fiat. And 5% of people who own cryptocurrency tend to keep a small part of their fortune in it. For the crypto industry to grow, we need fiat money both in and out of gateways. We need to build bridges. To do this, we need integration with traditional financial systems, banks, payment services, etc. And this requires licenses”
In Bahrain, the world's largest cryptocurrency exchange received approval from the Central Bank to operate as a cryptocurrency service provider. And Binance's subsidiary, Binance Canada Capital Market, has been licensed to trade digital assets in Canada.
CZ commented:
“Today 99.9% of the money is still in fiat. And 5% of people who own cryptocurrency tend to keep a small part of their fortune in it. For the crypto industry to grow, we need fiat money both in and out of gateways. We need to build bridges. To do this, we need integration with traditional financial systems, banks, payment services, etc. And this requires licenses”
🇹🇭 Business in Thai
Jasmine Technology Solution, a Thai company, saw its value rise from $2 to $150 per share (+7400%) in 2021 after entering the market for mining and mining 8 BTC — all thanks to the magic of the first cryptocurrency.
According to the company's chairman, no local bans will affect Jasmine Technology since they can sell digital assets worldwide, and the mining business will be profitable as long as the price of BTC exceeds $30,000.
In addition, the company plans to invest about $100 million in 7,000 new devices, which will allow Jasmine to earn 80% of the company's total profits from mining by the end of 2022.
Jasmine Technology Solution, a Thai company, saw its value rise from $2 to $150 per share (+7400%) in 2021 after entering the market for mining and mining 8 BTC — all thanks to the magic of the first cryptocurrency.
According to the company's chairman, no local bans will affect Jasmine Technology since they can sell digital assets worldwide, and the mining business will be profitable as long as the price of BTC exceeds $30,000.
In addition, the company plans to invest about $100 million in 7,000 new devices, which will allow Jasmine to earn 80% of the company's total profits from mining by the end of 2022.
🔮 Analysts at Arcane Research have published their crypto predictions for 2022, among which are:
— Bitcoin will surpass the S&P 500 in 2022
— XRP and Cardano will fall out of the top 10
— Global inflation will continue to reach new highs in 2022, Bitcoin could be great for inflation protection
— Younger blockchain platforms will continue to outperform Ethereum in growth rates
— Traditional gaming companies will increasingly add NFT
— A large number of cryptocurrencies will go public, some with valuations above $5 billion
— By the end of 2022, Bitcoin ETFs will hold more than 1 million BTC on their balance sheets
— BTC hash rate will become even more geographically distributed
— Most meme cryptocurrencies will die, "being a historical relic of the absurd times of 2021."
— Bitcoin will surpass the S&P 500 in 2022
— XRP and Cardano will fall out of the top 10
— Global inflation will continue to reach new highs in 2022, Bitcoin could be great for inflation protection
— Younger blockchain platforms will continue to outperform Ethereum in growth rates
— Traditional gaming companies will increasingly add NFT
— A large number of cryptocurrencies will go public, some with valuations above $5 billion
— By the end of 2022, Bitcoin ETFs will hold more than 1 million BTC on their balance sheets
— BTC hash rate will become even more geographically distributed
— Most meme cryptocurrencies will die, "being a historical relic of the absurd times of 2021."
🐳 Another wallet with 500 BTC woke up after more than 10 years of hibernation.
At the time of purchase in 2011, the price of the coins was only $8,425, and now it's $23.5 million.
Someone decided to give themselves a New Year's present.
At the time of purchase in 2011, the price of the coins was only $8,425, and now it's $23.5 million.
Someone decided to give themselves a New Year's present.
🐋 Bitcoin does not solve the problem of financial inequality
U.S. Senator from Massachusetts Elizabeth Warren said the first cryptocurrency is even more concentrated in the hands of the wealthy than the U.S. dollar:
"The crypto industry claims that crypto is the path to financial inclusion, but bitcoin ownership is even more concentrated within the top 1% than dollars. We need real solutions to make the financial system work for everyone, not just the wealthy."
A similar statement is supported by an October report from the National Bureau of Economic Research, which found that just 0.01% of Bitcoin hoarders control about 27% of BTC turnover - 5 million BTC (~$240 billion) for the 10,000 richest wallets.
U.S. Senator from Massachusetts Elizabeth Warren said the first cryptocurrency is even more concentrated in the hands of the wealthy than the U.S. dollar:
"The crypto industry claims that crypto is the path to financial inclusion, but bitcoin ownership is even more concentrated within the top 1% than dollars. We need real solutions to make the financial system work for everyone, not just the wealthy."
A similar statement is supported by an October report from the National Bureau of Economic Research, which found that just 0.01% of Bitcoin hoarders control about 27% of BTC turnover - 5 million BTC (~$240 billion) for the 10,000 richest wallets.
Twitter
Elizabeth Warren
The crypto industry claims that crypto is the path to financial inclusion, but bitcoin ownership is even more concentrated within the top 1% than dollars. We need real solutions to make the financial system work for everyone, not just the wealthy. wsj.co…
Abu Dhabi, the capital of the United Arab Emirates, plans to become the leading cryptocurrency center in the Middle East — authorities are beginning to attract cryptocurrency-oriented businesses and simplify all procedures related to cryptoasset trading.
The emirate is already among the world leaders in developing a digital-asset-friendly regulatory environment, having laid the groundwork back in 2018.
Dubai, Abu Dhabi's neighbor, is also looking to attract cryptocurrency and blockchain companies — last week, emirate officials said they had agreed with Binance to help develop an "international ecosystem of virtual assets." Among other things, Dubai already has two regulated exchanges, and a third, DEX, will launch soon.
The emirate is already among the world leaders in developing a digital-asset-friendly regulatory environment, having laid the groundwork back in 2018.
Dubai, Abu Dhabi's neighbor, is also looking to attract cryptocurrency and blockchain companies — last week, emirate officials said they had agreed with Binance to help develop an "international ecosystem of virtual assets." Among other things, Dubai already has two regulated exchanges, and a third, DEX, will launch soon.
MicroStrategy purchased 1,914 BTC worth $94.2 million.
The company now owns 124,391 BTC worth $3.75 billion, with an average purchase price of $30,159.
The company now owns 124,391 BTC worth $3.75 billion, with an average purchase price of $30,159.
🤹 Bitcoin was buried 45 times in 2021, three times more than in 2020. And in 2017, Bitcoin "died" a record 124 times.
Since the creation of the first cryptocurrency, 438 dire predictions have been devoted to it. Meanwhile, the earliest was published on December 15, 2010, the latest on December 22, 2021.
To qualify for the "obituary list," the article or note must be published in English, must state that Bitcoin "is or will become a worthless" asset. For material to qualify as an obituary, the content must be created by someone with "a large number of subscribers or a site with significant traffic."
Since the creation of the first cryptocurrency, 438 dire predictions have been devoted to it. Meanwhile, the earliest was published on December 15, 2010, the latest on December 22, 2021.
To qualify for the "obituary list," the article or note must be published in English, must state that Bitcoin "is or will become a worthless" asset. For material to qualify as an obituary, the content must be created by someone with "a large number of subscribers or a site with significant traffic."
99Bitcoins
Bitcoin Obituaries (Deaths) - Is Bitcoin Dead and How Many Times?
Discover how Bitcoin has been declared "dead" numerous times, yet continues to thrive, proving its resilience in the evolving cryptocurrency world.
DeFi industry to continue growing in 2022
Financial analytics agency S&P Global believes the DeFi industry will continue its explosive growth next year, as banks begin to actively invest in DeFi and stablecoins to remain competitive, and companies will be forced to use blockchains to develop trust in their innovative products.
Still DeFi will not replace banks, only supplement their services, and decentralization in this case is not as important as the introduction of blockchain, which technology can eliminate some of the intermediaries of financial services — this, in turn, will significantly reduce the cost of corporate services, and the introduction of smart contracts will simplify the granting of loans and the launch of payment systems.
Financial analytics agency S&P Global believes the DeFi industry will continue its explosive growth next year, as banks begin to actively invest in DeFi and stablecoins to remain competitive, and companies will be forced to use blockchains to develop trust in their innovative products.
Still DeFi will not replace banks, only supplement their services, and decentralization in this case is not as important as the introduction of blockchain, which technology can eliminate some of the intermediaries of financial services — this, in turn, will significantly reduce the cost of corporate services, and the introduction of smart contracts will simplify the granting of loans and the launch of payment systems.
Well-known TV host promises more investment in digital assets
Businessman and famous TV host Kevin O'Leary previously represented the bitcoin skeptic camp and doubted the digital currency would become part of the modern market.
However, he recently had a dramatic change of heart and started investing in both BTC and other cryptocurrencies.
Now Kevin O'Leary holds up to 10% of his portfolio in virtual currencies. In 2022, he plans to increase this share to 20%.
However, there are supporters of a different concept among experts. In their opinion, on the contrary, institutionalists will continue to enter the cryptosphere in 2022. The trend set last year to going on. This viewpoint, for example, is held by Raul Pal, CEO of Real Vision.
Businessman and famous TV host Kevin O'Leary previously represented the bitcoin skeptic camp and doubted the digital currency would become part of the modern market.
However, he recently had a dramatic change of heart and started investing in both BTC and other cryptocurrencies.
Now Kevin O'Leary holds up to 10% of his portfolio in virtual currencies. In 2022, he plans to increase this share to 20%.
However, there are supporters of a different concept among experts. In their opinion, on the contrary, institutionalists will continue to enter the cryptosphere in 2022. The trend set last year to going on. This viewpoint, for example, is held by Raul Pal, CEO of Real Vision.
The effect of the first week of January: Is Bitcoin preparing for a spurt?
Some analysts believe that BTC should show growth in January next year. Since 2018, at the end of each January, the value of the cryptocurrency increased by 7-36%. Trader Alex Krueger presented the relevant data.
Moreover, he specified that bitcoin showed the highest performance in the first week of January. As an example, at the end of the first month of 2018, the rate of BTC jumped by 18%.
Even at the beginning of 2019, amid bearish sentiment in the first half of January, the value of the leading digital currency increased by 7%.
In 2020-2021, the performance of the first week of January was 13% and 36%, respectively.
There remains a chance of a spurt next month as well. Raoul Pal, CEO of Real Vision, also believes that in January we will see a change in the trend.
Moreover, this expert predicts that January 2022 will lay the foundation for the growth of BTC value during the whole first quarter.
Some analysts believe that BTC should show growth in January next year. Since 2018, at the end of each January, the value of the cryptocurrency increased by 7-36%. Trader Alex Krueger presented the relevant data.
Moreover, he specified that bitcoin showed the highest performance in the first week of January. As an example, at the end of the first month of 2018, the rate of BTC jumped by 18%.
Even at the beginning of 2019, amid bearish sentiment in the first half of January, the value of the leading digital currency increased by 7%.
In 2020-2021, the performance of the first week of January was 13% and 36%, respectively.
There remains a chance of a spurt next month as well. Raoul Pal, CEO of Real Vision, also believes that in January we will see a change in the trend.
Moreover, this expert predicts that January 2022 will lay the foundation for the growth of BTC value during the whole first quarter.
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Snapshot of wallets for Aquarius giveaway
The wallet snapshot was originally scheduled for December 15, 2021, but the Aquarius community voted to move it to January 15, 2022.
You must hold 500 XLM and 1 AQUA to participate. During the eirdrop, 15% of the total AQUA offering or 15 billion tokens will be distributed. Details can be found on the website.
The wallet snapshot was originally scheduled for December 15, 2021, but the Aquarius community voted to move it to January 15, 2022.
You must hold 500 XLM and 1 AQUA to participate. During the eirdrop, 15% of the total AQUA offering or 15 billion tokens will be distributed. Details can be found on the website.