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Bear Market Setbacks Have Left Bitcoin Miners Behind Their Gold Counterparts

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Digital gold mining companies suffered harsher drawdowns than their legacy counterparts in 2022.

Bitcoin’s prominent memetic narrative as “digital gold” begs a comparison to the real yellow metal. But since the advent of Bitcoin, comparative perspectives of the mining sectors underlying both assets are too often missing.

In May 2022, this author published data on the gold/bitcoin mining contrast as digital gold producers were significantly underperforming ore miners. Now, the time seems right to provide a follow-up overview of some recent market data for bitcoin and gold miners.  Read more...

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After the Failure Of Their Stablecoin Experiment, Iran And Russia Will Inevitably Adopt Bitcoin

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With their newly-announced stablecoin experiment doomed to fail, Russia and Iran will soon learn Bitcoin is the solution that they want.

This is an opinion editorial by Q Ghaemi, a stocks and bitcoin analyst and author of the Qweekly Update newsletter.

Earlier this month, reports surfaced that the Central Bank of Iran is working with the Russian Association Of The Crypto Industry And Blockchain to create a stablecoin that will be backed by gold to settle trade. This is not the first foray into the crypto universe for either country, nor will it be the last. But this venture will come to nothing, ultimately bringing both countries one step closer to adopting Bitcoin.  Read more...

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With Confident Ignorance Of Bitcoin, So-Called ‘Experts’ Sacrifice Their Credibility

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Recent examples of so-called “experts” speaking confidently, yet incorrectly, about Bitcoin will come back to haunt them.

This is an opinion editorial by Mickey Koss, a West Point graduate with a degree in economics. He spent four years in the infantry before transitioning to the Finance Corps.

Barely a week into 2023, and I’ve seen Anthony “Pomp” Pompliano debate Michael Shellenberger and Joe Rogan interview Peter Zeihan. While these media impressions may seem unrelated, a common thread is sewn between the two: experts in different fields confidently professing uninformed opinions on Bitcoin.  Read more...

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This Year, Bitcoiners Should Quit Their Twitter Addictions

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Bitcoin Twitter is a strong and vibrant community, but members should make sure they are in control of the energy they spend there.

This is an opinion editorial by Mark Maraia, a professional development author and Bitcoin researcher.

I’ve been studying Bitcoin since 2020 and I’ve noticed there is a strong, vibrant community on Twitter. In fact, “Bitcoin Twitter” is virtually its own “country” that exists online.  Read more...

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EU To Force Crypto Companies To Report Their Users’ Holdings To Tax Authorities

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Potentially, even companies outside of Europe could be forced to disclose user holdings according to the EU.

The European Union indicated Thursday that it will make cryptocurrency companies report their European users’ holdings to tax authorities. The proposed eighth Directive on Administrative Cooperation was previously reported on by CoinDesk, and could have wide-reaching implications including forcing non-EU based companies to have to register with tax entities there.

In a statement, the EU Commissioner for tax, Paolo Gentiloni said, “Anonymity means that many crypto-asset users making significant profits fall under the radar of national tax authorities. This is not acceptable.”  Read more...

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Large Dogecoin Holders Take Advantage Of Price Recovery To Dump Their Bags

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In the space of one week, the price of Dogecoin has already pumped tremendously. The meme coin is already up more than 150% in a 7-day period to reach a new six-month high of $ 0.16. During this time, investors have no doubt taken advantage of the situation to actually sell some of their coins for a profit. Most notable of these have been the largest DOGE investors, who have dumped millions of dollars worth of tokens.  Read more...

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Progressives Misunderstand Bitcoin Because They’ve Lost Their Way

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The Progressive party does not always represent progressive ideals. Bitcoin is one such example where the values of progressivism do not align with politics.

Logan Bolinger is a lawyer and the author of a free weekly newsletter about the intersection of Bitcoin, macroeconomics, geopolitics and law.  Read more...

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Market Wrap: Bitcoin, Ether Continue Their Sideways Moves as the World Twists and Turns

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Inflation remains stubbornly high, the global economy is stuttering and the U.K. can’t find a decent leader. But bitcoin keeps purring above $ 19K. Market Wrap is CoinDesk’s daily newsletter diving into what happened in today’s crypto markets.
CoinDesk

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NFTs Dying? Not For Kraken’s Managing Chief Who’s Still Upbeat About Their Future

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The NFTs (non-fungible token) market in 2021 was valued at $ 11.3 billion, according to the assessment of Verified Market Research (VMR), a global research and consulting company.

For the next eight years, the industry is predicted to grow tremendously in terms of value, having a compound annual growth rate of almost 34%.

VMR assessed that the NFT space will have a total market capitalization of $ 231 billion by 2030. That’s roughly a quarter of the overall market cap of cryptocurrencies, which currently stands at $ 982 billion.  Read more...

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With $2M In Funding, Fanzee Will Use Digital Assets To Reward Sports Fans For Their Loyalty To Their Clubs

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Sports fan engagement platform startup Fanzee is feeling richer today after securing the capital it needs to get its offering off the ground.

The startup said today it has closed on a $ 2 million pre-seed funding round led by TONcoin.fund, a $ 250 million fund for teams building in the TON blockchain ecosystem. Alongside TON.coin fund, notable investors including First Stage Labs, KuCoin Ventures, vlg.digital, Huobi incubator and Hexit.capital, a part of Swiss-based Hemma Group, also participated.  Read more...

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Gaming Tactics: Square Enix Unveils Their NFT Project While Minecraft Rejects NFTs

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An NFT plan has been made public by Square Enix, a Japanese entertainment corporation and video game developer. However, Minecraft, a computer game owned by Microsoft, banned non-fungible tokens (NFTs) from being used on its platform.

An NFT is a type of blockchain technology that essentially functions as a one-of-a-kind receipt connected to the blockchain for any digital asset, such as a video, illustration, or character model in a video game, etc. This receipt confirms the holder as the sole legitimate owner of the asset.

Related Reading | By The Numbers: The $ 1.2 Billion Hole In Celsius’ Balance Sheet  Read more...

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Imran Khan Meets Trump & Their Talks On Afghanistan & Kashmir

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Watch William’s analysis on Donald Trump’s meeting with Pakistan’s Prime Minister Imran Khan. Let’s find out what is Kashmir and why Modi asked Trump to mediate on Kashmir Issue. Also, why Trump wants to wipe out Afghanistan? Make sure to subscribe CCNMarkets on Youtube: CCN Markets

The post Imran Khan Meets Trump & Their Talks On Afghanistan & Kashmir appeared first on CCN Markets

CCN Markets

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Natalie Portman Swings Thor’s Hammer, Insecure Trolls Lose Their Minds

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Natalie Portman is waking up a new generation of frost giants. Crusty men are rising up all across the Internet, angry that Portman will now be wielding Mjolnir, Thor’s famous hammer. Marvel’s Next Thor: Natalie Portman The news was announced on Saturday at Comic-Con International in San Deigo. Portman has appeared in 2011’s “Thor” and […]

The post Natalie Portman Swings Thor’s Hammer, Insecure Trolls Lose Their Minds appeared first on CCN Markets

CCN Markets

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Put an End to Concerns About Traders’ Money After Their Death

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In today’s busy world, all of us have some kind of important information that even in this digital era, we keep them on a piece of paper, in a book or sometimes in a safe. This information may include personal, financial, documents, our family and friend’s birthday, important dates in our lives and most importantly […]

The post Put an End to Concerns About Traders’ Money After Their Death appeared first on CCN Markets

CCN Markets

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Indie Publishers Bash G2A, Beg You to Pirate Their Games

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It turns out that game publishers loathe G2A and its controversial business model so intensely that they’d rather you pirate their titles than give the video game key reseller a dime. Leading the protest is Mike Rose, who published biking game Descenders. Taking to Twitter, Rose notes that it’s virtually impossible to turn off the […]

The post Indie Publishers Bash G2A, Beg You to Pirate Their Games appeared first on CCN Markets

CCN Markets

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G20 Leaders Issue Declaration on Crypto Assets – A Look at Their Commitments

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G20 Leaders Issue Declaration on Crypto Assets - A Look at Their Commitments

The G20 leaders jointly issued a declaration on crypto assets at the end of their summit in Osaka, Japan. They declared their commitments, reaffirmed that crypto assets do not pose a threat to global financial stability, and requested further work done by standard-setting bodies.

Also read: V20 Summit Concludes With Promises for Crypto Industry

G20 Leaders’ Declaration

The G20 leaders’ summit, the largest meeting Japan has ever hosted, wrapped up Saturday. During the two-day event, the G20 leaders and the heads of invited guest countries and international organizations met to discuss important issues including the global economy, trade and investment, innovation, digitization, and global finance. At the conclusion of the summit, the G20 leaders jointly issued a declaration which includes statements on crypto assets.  Read more...

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Facebook Contractor: “It’s Like a Sweatshop in America” – One Contractor has Died & Many Fear for Their Lives

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By CCN Markets: An exposé published at TheVerge.com revealed at least one Facebook moderation center is akin to a third world sweatshop. This should come as no surprise given what we already know about Facebook’s company culture. Facebook Whistleblowers Step Forward Facebook outsources moderation services to Cognizant, a publicly-held $ 35 billion firm that apparently does not care about its work conditions. Three anonymous Facebook contractors breached their non-disclose agreements to inform TheVerge about the conditions. They include death of one worker via heart attack, filthy conditions at workstations and bathrooms, bedbug infestation, sexual harassment, verbal and physical altercations, frequent marijuana  Read more...

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“Gotta Recruit ’em While Their Skulls Still Soft”: U.S. Army Promotes Toddler in Army Helmet singing “the Army Song”

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By CCN Markets: The U.S. Army Twitter account got some mixed reactions from an adorable, but questionable video upload Saturday. The Army’s official Twitter posted a video of a toddler, too young to pronounce a single word correctly, singing “the Army song.” The best thing you'll see today. Let's hear you sing the Army song. #ArmyBday pic.twitter.com/ifYyOBzB02 — U.S. Army (@USArmy) June 14, 2019 Some of the Twitterati found the video to be totes adorbs. Others questioned whether it promoted violence and war propaganda to children and minors.   This Is What The CIA Calls ‘Blowback’ I'm nursing a semi-serious  Read more...

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The FBI Wants QuadrigaCX Victims to Share Their Experiences, Posts Questionnaire

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The U.S. Federal Bureau of Investigation (FBI) has questions in its ongoing investigation into the mysterious $ 190 million collapse of Canadian crypto exchange QuadrigaCX, so it’s turning to previous customers of the exchange for answers.

Yesterday, the agency posted a questionnaire on its website requesting responses from QuadrigaCX victims. In cooperation with various departments of the U.S. government, the FBI opened a probe into QuadrigaCX in March amidst swirling legal troubles.

“… responses are voluntary but would be useful in the federal investigation and to identify you as a potential victim,” the questionnaire reads. “Based on the responses provided, you may be contacted by the FBI and asked to provide additional information.”  Read more...

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PS4 Users Can Finally Change Their PSN Names

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It’s been a long time coming but PlayStation 4 owners can finally change their PSN online IDs. Good news! All PS4 owners can change their online ID starting *today.* Here’s how it works: https://t.co/t2v1RAbSfz pic.twitter.com/rRDq02kbLi — PlayStation (@PlayStation) April 10, 2019 According to the announcement this week by PlayStation (SNE), the first ID change is […]
SludgeFeed

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