Author: Donald Munn
A couple of issues advise against using the stock-to-flow model to make price predictions for Ethereum, which is widely used for Bitcoin instead. The stock-to-flow model: could it be accurate for Ethereum as well? Can the stock-to-flow model only work for Bitcoin, or even Ethereum? PlanB’s stock-to-flow model regarding the price of Bitcoin has become very famous in the cryptocurrency world. Would it make sense to implement a similar model regarding the price of Ethereum (ETH)? First of all, it must be said that PlanB’s stock-to-flow model last year did not turn out to be correct. Even though it is…
More and more luxury brands are adopting crypto in their payment systems, including Bitcoin, Ethereum and Ripple. Cryptos Break into the Luxury Market More and more luxury brands accept crypto for their payments According to recent data, the global luxury market is expected to reach about 1.5 trillion dollars in revenue by 2025, with the very young representing almost 50% of the total market. And it is precisely the young people who are driving the big luxury brands to adopt cryptocurrencies for their payments. One of the latest in order of time is the fashion house Off-White, creator of one…
Ethereum Classic (ETC), 28th crypto per market cap, has just recorded a +10% price increase in the last 24 hours. Ethereum Classic and changes in the price of ETC The price of Ethreum Classic (ETC) closes at +10% on the last day In the last 24 hours, the crypto born from the Ethereum hard fork, Ethereum Classic (ETC) has recorded a price increase of 10%, worth, at the time of writing, $42.42. Since March 19th, the price of ETC has been growing, despite a small downward fluctuation recorded just yesterday 7 April 2022, which however was immediately resumed with the…
In the history of crypto, there have also been resounding episodes of fraud. Whenever it happened, it was given wide media attention and this helped to consolidate the preconception that cryptocurrencies and scams normally go hand in hand. The fear of the strong correlation between crypto and fraud The numerous and ingenious frauds in the history of cryptocurrencies The recent launch on Netflix of Trust No One, documentary on the controversial story of Quadriga CX, a major Canadian exchange in which hundreds of millions of dollars in cryptocurrencies of users of the platform have vanished, following the mysterious death of…
Digital currencies and payment systems have taken the world by storm by significantly benefiting customers and society with increased efficiency, broader financial inclusion, and more innovation. The acceptance of this new financial paradigm is being determined by its appeal as a store of value and a means of payment. Stablecoins, for example, are the new form of digital money built over robust decentralized payment infrastructure. They have gained immense popularity and stablecoins worth more than $185 billion are circulating in the open market. This number indicates stablecoins are evolving as a tool replacing fiat by being the potential currency of…
After all, there does not seem to be sufficient reason to demand the replacement of PoW by PoS in the Bitcoin protocol. The exaggerated power consumption of Bitcoin’s protocol This is due to the huge competition between miners competing for the massive revenues and the Proof-of-Work algorithm which rewards those who actually consume the most. Would a change of algorithm to Proof-of-Stake solve the problem? First of all it must be said that nobody is really able to change the algorithm on which Bitcoin mining is based from PoW to PoS, so this reasoning is purely speculative and not at…
The European Digital Assets Exchange has completed the compliance process to provide a secondary market in Switzerland for security tokens for institutional and retail investors and plans to open in the third quarter of 2022. Switzerland’s first security token exchange After almost two years of red tape, the approval of the first security exchange for digital assets in Switzerland, by Zug-based EDSX, should finally be in the final stages. EDSX is expected to become the first platform in Europe and one of the first in the world with a primary and secondary market dedicated to security tokens and hybrids. It…
Blockchain.com announced it will install the largest piece of crypto art in its new Miami office: the Bitcoin whitepaper in a 100-foot-tall sculpture. Blockchain.com and Bitcoin’s whitepaper as the largest work of crypto art It was 1 April when Blockchain.com announced that it had commissioned the installation of a 100-foot-tall sculpture of Bitcoin’s whitepaper to adorn the walls of the lobby of the Blockchain.com Building in Wynwood, Miami. But for many, this news seemed like a classic April Fools’ joke. Well Peter Smith, CEO and co-founder of Blockchain.com, wanted to dispel the myth, assuring the crypto community that the work…
Elon Musk, the world’s richest man and CEO of Tesla and SpaceX, has officially joined Twitter’s board of directors and is already offering his first polls to users of the social network. CEO of Twitter announces Elon Musk is joining the social network’s board of directors It’s official, Elon Musk joins the twitter board Parag Agrawal announced on the social network that Elon Musk is officially part of Twitter’s board of directors. He’s both a passionate believer and intense critic of the service which is exactly what we need on @Twitter, and in the boardroom, to make us stronger in…
Intel unveils Blockscale, new ASIC to be delivered starting in Q3 of the year Intel sets its sights on Bitcoin mining A couple of days ago Intel officially announced the launch of its new Blockscale technology for mining Proof-of-Work based cryptocurrencies such as Bitcoin. The project had already been announced a few months ago, but until now details were lacking. Now Intel reveals that its Blockscale ASIC can achieve up to 580 GH/s hashrate, and will be available from Q3 2022. The first customers will be Argo Blockchain, Block Inc, Hive Blockchain Technologies and GRIID Infrastructure. The key to Intel’s…