define
g/define
create post
tangled.com addresses
|
1EqvmA6hdyUukSHWxFUiTKVM8uqzZ2Gd6G0a015WcdWwYqGyRGdp3BmWc7rEyADG1h8UQot
|
10,000 earned
2 Charts That Show Why I'm Buying Bitcoin Now
In cyclical fashion, we find ourselves yet again in the midst of a crypto winter. And as they have in previous crypto winters, critics and naysayers contend that Bitcoin (BTC 0.77%) is dead, that it can't rise again, that it's a Ponzi scheme heading to zero, and that it will never recover.
All of these jabs at Bitcoin have been occurring since it was created in 2009, and yet all it has done since is go on a historical run and become the best-performing asset in history. Bitcoin forces us to think about what money actually is and how it should function. Should money be inflated at the desire of any government or central authority? Is money just an idea, or should it be backed by tangible assets? What makes one form of currency better than another?
Bitcoin has been touted by some as a near-perfect form of currency. Even with its volatility, which is viewed as a characteristic of new assets that eventually wanes, there is reason to believe that Bitcoin will once again rise from the ashes and reward investors who are patient and hold for the long haul.
One of Bitcoin's key features as sound money is its inherent scarcity. Ingrained in its code is a hard limit: There will only ever be a maximum of 21 million bitcoins in circulation. The only way this could be changed is if 51% of nodes running the Bitcoin network were in agreement, and I don't think that would ever happen. It's one of the crucial aspects that make Bitcoin, Bitcoin.
That limited-supply argument helped propel Bitcoin's price during the last 14 years. Since 2009, demand for Bitcoin has only increased, and it will likely continue as it remains resilient, proves to be a viable store of value, and people around the world look for more sound forms of currency.
Read More: https://www.fool.com/investing/2023/01/10/2-charts-that-show-why-im-buying-bitcoin-now/
2 Charts That Show Why I'm Buying Bitcoin Now
In cyclical fashion, we find ourselves yet again in the midst of a crypto winter. And as they have in previous crypto winters, critics and naysayers contend that Bitcoin (BTC 0.77%) is dead, that it can't rise again, that it's a Ponzi scheme heading to zero, and that it will never recover.
All of these jabs at Bitcoin have been occurring since it was created in 2009, and yet all it has done since is go on a historical run and become the best-performing asset in history. Bitcoin forces us to think about what money actually is a...
2,000 earned
Ripple Denies Latest Allegations As SEC Case Sees New Filings
As the legal battle between Ripple Labs and the U.S. Securities and Exchange Commission (SEC) approaches its final deadlines before Judge Analisa Torres is set to deliver her verdict, American journalist Charles Gasparino made an allegation that the fintech company could not let go unanswered. Gasparino raised the question of why the SEC focused on Ripple while it let Sam Bankman-Fried and FTX have their way.
According to the journalist, there are two legitimate reasons why Ripple has become the SEC’s target. On the one hand, the SEC believes that “Ripple management flouted the rules.” On the other hand, Ripple has undermined the SEC’s authority by continuing to sell XRP after being asked to stop it.
Gasparino said the way XRP was sold established its designation as a security. Further, he stated that Ethereum “did possibly one sale and stopped. No case. Not picking sides; just reporting why case was brought.”
Read More: https://bitcoinist.com/ripple-denies-allegations-as-sec-case-sees-filings/
Ripple Denies Latest Allegations As SEC Case Sees New Filings
As the legal battle between Ripple Labs and the U.S. Securities and Exchange Commission (SEC) approaches its final deadlines before Judge Analisa Torres is set to deliver her verdict, American journalist Charles Gasparino made an allegation that the fintech company could not let go unanswered. Gasparino raised the question of why the SEC focused on Ripple while it let Sam Bankman-Fried and FTX have their way.
According to the journalist, there are two legitimate reasons why Ripple has become the SEC’s target. On the one hand,...
10,000 earned
Tax attorney breaks down the MicroStrategy Bitcoin sale
MicroStrategy’s recent sale of a portion of its Bitcoin treasury holdings puts cryptocurrency tax-loss harvesting into the spotlight.
Business intelligence firm MicroStrategy made headlines ahead of New Year’s Eve as the sale of a portion of its Bitcoin holdings drew the attention of industry experts and critics.
A regulatory filing with the United States Securities and Exchange Commission (SEC) on Dec. 28 detailed the first time the firm sold some of its BTC since its high-profile adoption of the preeminent cryptocurrency as its primary treasury asset.
MicroStrategy made waves in the industry in 2021 as it began amassing significant holdings of BTC, with founder Michael Saylor touting the asset as a superior store of value to fiat currency as a primary reason for the move.
Given Saylor’s role as a staunch Bitcoin proponent over the past two years, MicroStrategy’s decision to sell some of its BTC drew attention across the industry. However, the company’s SEC filing outlines clear intent to generate a tax benefit.
MicroStrategy’s subsidiary MacroStrategy bought 2,395 BTC for approximately $42.8 million between Nov. 1 and Dec. 21 at an average price of $17,871 per BTC. It then sold 704 Bitcoins on Dec. 22 at an average price of $16,776 per Bitcoin for $11.8 million, highlighting its intent to reduce its tax bill:
“MicroStrategy plans to carry back the capital losses resulting from this transaction against previous capital gains, to the extent such carrybacks are available under the federal income tax laws currently in effect, which may generate a tax benefit.”
Full Article: https://cointelegraph.com/news/tax-attorney-breaks-down-the-microstrategy-bitcoin-sale
Tax attorney breaks down the MicroStrategy Bitcoin sale
MicroStrategy’s recent sale of a portion of its Bitcoin treasury holdings puts cryptocurrency tax-loss harvesting into the spotlight.
Business intelligence firm MicroStrategy made headlines ahead of New Year’s Eve as the sale of a portion of its Bitcoin holdings drew the attention of industry experts and critics.
A regulatory filing with the United States Securities and Exchange Commission (SEC) on Dec. 28 detailed the first time the firm sold some of its BTC since its high-profile adoption of the preeminent cryptocurrency as its...
0 earned
Research: BTC and ETH bear market started in mid-2021, data suggests
Active addresses indicate that the bear market set in months before BTC and ETH prices attained all-time highs in November 2021.
Analyzing addresses is an excellent way to gauge the activity in the ecosystem or how well the ecosystem is being used. For instance, during the bull run of 2017, active BTC addresses surpassed 1 million, according to Glassnode data. However, as the bull run ended in 2018, active BTC addresses declined by nearly 50% to around 500,000, Glassnode data indicates.
Active BTC addresses had a slow grind upward between 2018 and 2021. Between January and May 2021, active BTC addresses hovered around the 1.2 million mark, breaching it twice in the five months and reaching as high as over 1.3 million, according to Glassnode data.
But in June 2021, active Bitcoin addresses reached a low of around 500,000, which could have been potentially the start of the bear market. After that, active BTC addresses increased slightly as BTC reached a new all-time high in November 2021. But even with the BTC price peaking, active addresses hovered around 1 million.
Full Article: https://cryptoslate.com/research-btc-and-eth-bear-market-started-in-mid-2021-data-suggests/
Research: BTC and ETH bear market started in mid-2021, data suggests
Active addresses indicate that the bear market set in months before BTC and ETH prices attained all-time highs in November 2021.
Analyzing addresses is an excellent way to gauge the activity in the ecosystem or how well the ecosystem is being used. For instance, during the bull run of 2017, active BTC addresses surpassed 1 million, according to Glassnode data. However, as the bull run ended in 2018, active BTC addresses declined by nearly 50% to around 500,000, Glassnode data indicates.
Active BTC addresses had a slo...
3,000 earned
The real-life dog behind memecoin DOGE is seriously ill
The owner of the internet-famous Shiba Inu dog posted on social media that Kabosu is in a "dangerous position" after falling ill on Christmas Eve.
Kabosu, the Shiba Inu dog behind the face of Dogecoin and the “doge” meme is in a “dangerous position” healthwise, according to her owner.
In a Dec. 26 Instagram post that was then shared on Twitter, Atsuko Satō, a Japanese kindergarten teacher and Kabosu’s owner, said in Japanese that the rescue dog was in a "dangerous" state, but assured her followers that the canine will be “absolutely fine” and is “getting power from all over the world” from supporters.
The news brought an outpouring of support. One Twitter user sending well wishes offered to fully cover “any expenses needed to make sure she gets the best treatment.”
The co-creator of Dogecoin, Billy Markus, asked his two million followers in a Dec. 26 tweet to send “[love] and [prayers] and good vibes” to Satō and Kabosu.
Full Article: https://cointelegraph.com/news/the-real-life-dog-behind-memecoin-doge-is-seriously-ill
The real-life dog behind memecoin DOGE is seriously ill
The owner of the internet-famous Shiba Inu dog posted on social media that Kabosu is in a "dangerous position" after falling ill on Christmas Eve.
Kabosu, the Shiba Inu dog behind the face of Dogecoin and the “doge” meme is in a “dangerous position” healthwise, according to her owner.
In a Dec. 26 Instagram post that was then shared on Twitter, Atsuko Satō, a Japanese kindergarten teacher and Kabosu’s owner, said in Japanese that the rescue dog was in a "dangerous" state, but assured her followers that the can...
27,000 earned
Twitter adds BTC and ETH price indexes to search function
Twitter searches for “$Bitcoin,” “Bitcoin price” and “BTC price” pulls up a price chart, with equivalent searches working for Ethereum too.
Social media platform Twitter has added a new crypto feature that enables users to search the price of Bitcoin (BTC) and Ether (ETH) simply by typing their names or tickers into the search tab.
The new feature is an improvement of "$Cashtags" and was announced by the Twitter Business account on Dec. 21.
The account noted that whenever one tweets the symbol of a major stock, exchange-traded fund or cryptocurrency with $ in front of it, people will be able to see a clickable link that takes them to search results that now will include the pricing graphs for those symbols.
It also noted that simply searching for the ticker symbol, whether for a stock or crypto, will also bring up the price graph.
Shortly after that, on Dec. 22, Twitter CEO Elon Musk retweeted the announcement of the new feature, stating that it is "one of many product improvements coming to financial Twitter."
Full Article: https://cointelegraph.com/news/twitter-quietly-adds-btc-and-eth-price-indexes-to-search-function
Twitter adds BTC and ETH price indexes to search function
Twitter searches for “$Bitcoin,” “Bitcoin price” and “BTC price” pulls up a price chart, with equivalent searches working for Ethereum too.
Social media platform Twitter has added a new crypto feature that enables users to search the price of Bitcoin (BTC) and Ether (ETH) simply by typing their names or tickers into the search tab.
The new feature is an improvement of "$Cashtags" and was announced by the Twitter Business account on Dec. 21.
The account noted that whenever one tweets the symbol of a major stock, ex...
5,000 earned
Here’s why Charles Hoskinson believes Dogecoin and Solana could be Cardano side chains in the long term
Charles Hoskinson, the co-founder of Cardano and blockchain engineering company Input Output Global believes Dogecoin and Solana could theoretically become ADA sidechains, sharing in many of the benefits enjoyed by the Cardano network. Cardano price, meanwhile, is in a multi-month downtrend and is currently testing resistance at the 50-day Exponential Moving Average (EMA).
Charles Hoskinson, an American Entrepreneur and co-founder of Input Output Global and Cardano recently told the crypto community in a YouTube AMA session that leading altcoin and meme coins could theoretically become sidechains for ADA.
The largest meme coin by market capitalization, Dogecoin and Ethereum-killer Solana could theoretically be Cardano sidechains. Hoskinson explained to the community what Cardano sidechains would look like in his YouTube AMA session.
Read More: https://www.fxstreet.com/cryptocurrencies/news/heres-why-charles-hoskinson-believes-dogecoin-and-solana-could-be-cardano-side-chains-in-the-long-term-202212141150
Here’s why Charles Hoskinson believes Dogecoin and Solana could be Cardano side chains in the long term
Charles Hoskinson, the co-founder of Cardano and blockchain engineering company Input Output Global believes Dogecoin and Solana could theoretically become ADA sidechains, sharing in many of the benefits enjoyed by the Cardano network. Cardano price, meanwhile, is in a multi-month downtrend and is currently testing resistance at the 50-day Exponential Moving Average (EMA).
Charles Hoskinson, an American Entrepreneur and co-founder of Input Output Global and Cardano recently told the c...
13,000 earned
Coinbase adds 19 million verified users in 2022 despite crashing crypto markets
As more individuals utilize Bitcoin (BTC), and other cryptocurrencies, Coinbase (NASDAQ: COIN) has recorded increased user growth in recent years. Although the crypto sector is now in a bear market, which may be affecting investor interest in digital asset trading more generally, Coinbase’s user base seems to be unaffected by prolonged down markets.
In particular, data acquired and calculated by Finbold indicates that Coinbase has added 19 million verified users globally between December 31, 2021, and September 30, 2022, representing a growth of about 21.35%. The figure translates to adding at least two million verified users monthly in 2022.
At the end of the first quarter, Coinbase had 98 million users representing an addition of nine million verified users from the 2021 Q4 figure of 89 million. In Q2, the users stood at 103 million, while Q3 registered the exchange’s highest number of verified users at 108 million.
Elsewhere, Coinbase’s global market share hit 3% as of December 6, 2022, among spot trading crypto exchanges, while in November, the share was 2.6%. The share has been rising steadily since September. Coinbase’s lowest yearly global market share was recorded in July at 1.6%. The exchange’s highest market share was witnessed in November 2021 at 4.2% at the height of the crypto bull run.
Full Article: https://finbold.com/coinbase-verified-users-report/
Coinbase adds 19 million verified users in 2022 despite crashing crypto markets
As more individuals utilize Bitcoin (BTC), and other cryptocurrencies, Coinbase (NASDAQ: COIN) has recorded increased user growth in recent years. Although the crypto sector is now in a bear market, which may be affecting investor interest in digital asset trading more generally, Coinbase’s user base seems to be unaffected by prolonged down markets.
In particular, data acquired and calculated by Finbold indicates that Coinbase has added 19 million verified users globally between December 31, 2021, and Septemb...
2,000 earned
Biggest Movers: SHIB Slips to 20-Day Low, DOGE Also Declines
Shiba inu was in the red to start the week, with prices falling to a 20-day low on Monday. The meme coin has now moved lower for four straight sessions, with the latest decline seeing price move below a key support point. Dogecoin was also down, hitting a two-week low earlier today.
Shiba inu (SHIB) was down on Monday, as the meme coin moved to its lowest point in the past 20 days.
Following a high of $0.000009282, SHIB/USD was down by nearly 5% today, hitting a low of $0.000008794 in the process.
This bottom is the lowest point that SHIB has traded at since November 22, when the token was at a low of $0.00000817.
Full Analysis: https://news.bitcoin.com/biggest-movers-shib-slips-to-20-day-low-doge-also-declines/
Biggest Movers: SHIB Slips to 20-Day Low, DOGE Also Declines
Shiba inu was in the red to start the week, with prices falling to a 20-day low on Monday. The meme coin has now moved lower for four straight sessions, with the latest decline seeing price move below a key support point. Dogecoin was also down, hitting a two-week low earlier today.
Shiba inu (SHIB) was down on Monday, as the meme coin moved to its lowest point in the past 20 days.
Following a high of $0.000009282, SHIB/USD was down by nearly 5% today, hitting a low of $0.000008794 in the process.
This bottom is the lowes...
2,000 earned
A year after Taproot, Bitcoin community works to unlock its DeFi potential
Smart contracts functionalities on the Bitcoin network could boost adoption and provide additional liquidity to DeFi.
Taproot support across the industry is still crawling one year after the Bitcoin soft fork, indicating a strong potential for innovation and broader adoption of Web3 solutions to be unlocked through the world's largest cryptocurrency, sources told Cointelegraph.
"Since early on, Satoshi predicted that layers being built on top of the Bitcoin blockchain would enable Bitcoin to move beyond being only sound money by adding programmability, which makes Bitcoin the optimal framework to build out Web3 capabilities," noted Alex Miller, CEO of the Web3 developer platform Hiro.
The Taproot upgrade took place in November 2021 and laid the foundation for accelerating decentralized financial services through the Bitcoin (BTC) network. It enables more efficient validation of multi-signature scripts, which addresses privacy issues, and improves block storage by reducing the size of complex transactions occurring on the network.
The changes were long-awaited in the industry, as many Bitcoin holders do not use their coins on decentralized finance (DeFi) applications "because it involves the cumbersome task of wrapping it using a bridge so that it can be processed by smart contracts on another blockchain such as Ethereum," commented Dominic Williams, founder and chief scientist at DFINITY, the foundation behind the Internet Computer blockchain, which is one of the companies working to unlock Bitcoin's potential for DeFi.
Internet Computer announced on Dec. 5 its mainnet integration with the Bitcoin network, serving as a Layer-2 where smart contracts can hold, send and receive BTC natively without the need for third parties or blockchain bridges, which was one of the targets of hackers in 2022 when billions of dollars were drained. According to the company, nearly every DeFi application building on Internet Computer's blockchain plans to incorporate Bitcoin due to the liquidity it provides.
Full article at: https://cointelegraph.com/news/a-year-after-taproot-bitcoin-community-works-to-unlock-its-defi-potential
A year after Taproot, Bitcoin community works to unlock its DeFi potential
Smart contracts functionalities on the Bitcoin network could boost adoption and provide additional liquidity to DeFi.
Taproot support across the industry is still crawling one year after the Bitcoin soft fork, indicating a strong potential for innovation and broader adoption of Web3 solutions to be unlocked through the world's largest cryptocurrency, sources told Cointelegraph.
"Since early on, Satoshi predicted that layers being built on top of the Bitcoin blockchain would enable Bitcoin to move bey...
