Why is there a groundswell toward Bitcoin adoption in Dakar? And could it influence neighboring countries and regions to explore magic internet money?
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CFTC continues to explore digital asset policy considerations in MRAC meeting
Commissioner Kristin Johnson said in prepared remarks that the U.S. digital economy was "witnessing the deployment of Web 3.0".
Fed signals a sharp rate hike in March due to inflation — Here's how Bitcoin traders can prepare
The U.S. Federal Reserve is set to roll out a fresh interest rate hike on March 22, and options traders could use this risk-averse strategy to generate profits.
Fed signals a sharp rate hike in March due to inflation — Here's how Bitcoin traders can prepare
Like it or not, for crypto investors, the U.S. Federal Reserve policy on interest rate hikes and high inflation is the single most relevant measure for gauging demand for risk assets. By increasing the cost of capital, the Fed boosts the profitability of fixed-income instruments, but this is detrimental to the stock market, real estate, commodities and cryptocurrencies.
One positive aspect of the Fed's meetings is that they are scheduled well in advance, so Bitcoin (BTC) traders can prepare for those. Federal Reserve policy decisions historically cause extreme intraday volatility in risk assets, but traders can use derivatives instruments to yield optimal results as the Fed adjusts interest rates.
Another challenge for traders is they face pressure from Bitcoin being highly correlated to equities. For example, the 50-day correlation coefficient versus the S&P 500 futures has been running above 70% since Feb. 7. Although it does not state cause and consequence, it is evident that cryptocurrency investors are waiting for the direction of traditional markets.
It's also possible that Bitcoin's low emissions could prove to be a benefit as investors realize that the FED is running out of options to curb inflation. By raising interest rates even further, it could cause the U.S. government's debt repayments to spiral out of control and eventually surpass $1 trillion annually. This creates a huge incentive for Bitcoin bulls, but extreme caution is needed by those willing to make trades based on interest rate hikes.
Risk takers could benefit from buying Bitcoin futures contracts to leverage their positions, but they could also be liquidated if a sudden negative price move occurs ahead of the FED's decision on March 22. For this reason, pro traders are more likely to opt for options trading strategies such as the skewed iron condor.
Vitalik Buterin's philanthropic fund donates 15M USDC to UC San Diego
The Airborne Institute will use the generous grant to study the transmission of airborne diseases such as COVID-19.
Vitalik Buterin's philanthropic fund donates 15M USDC to UC San Diego
The Airborne Institute will use the generous grant to study the transmission of airborne diseases such as COVID-19.
Bitcoin clings to $22K as US dollar strength rises to December levels — What's next?
Bitcoin threatens to remove $22,000 as support as BTC price suffers against a booming DXY.
Bitcoin clings to $22K as US dollar strength rises to December levels — What's next?
Bitcoin (BTC) fell to three-week lows on March 8 as stronger-than-expected employment data from the United States dampened risk assets.
BTC/USD 1-day candle chart (Bitstamp). Source: TradingViewEmployment stats boost Fed hawks, BTC price dips
Data from Cointelegraph Markets Pro and TradingView showed BTC/USD dipping to $21,858 on Bitstamp.
The pair was attempting to preserve $22,000 as support at the time of writing, with traders’ downside targets still a way off at $21,300.
“Bitcoin not showing the strength I initially wanted to see (slight bounce yesterday taking place),” Cointelegraph contributor Michaël van de Poppe, founder and CEO of trading firm Eight, summarized.
“In that case, looking for some more downwards momentum towards a sweep of the lows at $21.2K before a bounce takes place. If we want $30K, flip $23K is necessary.”
Death in the metaverse: Web3 aims to offer new answers to old questions
As contemporary society continues to digitize, life in the metaverse raises the same timeless questions about what happens after death.
The ‘soft shell taco method’ of becoming a hot new NFT artist — Terrell Jones, NFT Creator
NFT artist Terrell Jones developed a unique method to attract attention that took him from stacking boxes for FedEx to his own Sotheby’s auction.
The ‘soft shell taco method’ of becoming a hot new NFT artist — Terrell Jones, NFT Creator
Artist: Terrell Jones, Michigan
Date minted first NFT: March 28, 2021
Which blockchains? Ethereum, Tezos
Influenced by classic gangster films, Terrell Jones has a distinctive style that captures imagination and nostalgia. He is about to auction a second piece at Sotheby’s and has a patented “soft-shell taco method” to garner the attention of notable collectors.
Who is he?
From childhood aspirations of being a cartoonist to now being one of the hottest new NFT artists capturing the attention of elite collectors and Sotheby’s, Terrell Jones is well into his launch trajectory.
Born in Ann Arbour, Michigan, Jones has a visually distinct style. But it is his ability to tell stories through his art such as the collections “Evil in Color” and “Good and Evil” that sets him apart. Just in the last two months, Jones has had some of his highest-ever sales, and there is growing interest in his work.
“A big thing for me has always been to try to connect my stories and images with a deeper part of everyone. With the way things are moving now and with so many artists, people are probably seeing more art within a day than you probably would have seen within a year. It’s been a big shift,” Jones says.
The ‘soft shell taco method’ of becoming a hot new NFT artist — Terrell Jones, NFT Creator
Artist: Terrell Jones, Michigan
Date minted first NFT: March 28, 2021
Which blockchains? Ethereum, Tezos
Influenced by classic gangster films, Terrell Jones has a distinctive style that captures imagination and nostalgia. He is about to auction a second piece at Sotheby’s and has a patented “soft-shell taco method” to garner the attention of notable collectors.
Who is he?
From childhood aspirations of being a cartoonist to now being one of the hottest new NFT artists capturing the attention of elite collectors and Sotheby’s, Terrell Jones is well into his launch trajectory.
Born in Ann Arbour, Michigan, Jones has a visually distinct style. But it is his ability to tell stories through his art such as the collections “Evil in Color” and “Good and Evil” that sets him apart. Just in the last two months, Jones has had some of his highest-ever sales, and there is growing interest in his work.
“A big thing for me has always been to try to connect my stories and images with a deeper part of everyone. With the way things are moving now and with so many artists, people are probably seeing more art within a day than you probably would have seen within a year. It’s been a big shift,” Jones says.
The ‘soft shell taco method’ of becoming a hot new NFT artist — Terrell Jones, NFT Creator
NFT artist Terrell Jones developed a unique method to attract attention that took him from stacking boxes for FedEx to his own Sotheby’s auction.
The ‘soft shell taco method’ of becoming a hot new NFT artist — Terrell Jones, NFT Creator
NFT artist Terrell Jones developed a unique method to attract attention that took him from stacking boxes for FedEx to his own Sotheby’s auction.
The ‘soft shell taco method’ of becoming a hot new NFT artist — Terrell Jones, NFT Creator
NFT artist Terrell Jones developed a unique method to attract attention that took him from stacking boxes for FedEx to his own Sotheby’s auction.
The ‘soft shell taco method’ of becoming a hot new NFT artist — Terrell Jones, NFT Creator
Artist: Terrell Jones, Michigan
Date minted first NFT: March 28, 2021
Which blockchains? Ethereum, Tezos
Influenced by classic gangster films, Terrell Jones has a distinctive style that captures imagination and nostalgia. He is about to auction a second piece at Sotheby’s and has a patented “soft-shell taco method” to garner the attention of notable collectors.
Who is he?
From childhood aspirations of being a cartoonist to now being one of the hottest new NFT artists capturing the attention of elite collectors and Sotheby’s, Terrell Jones is well into his launch trajectory.
Born in Ann Arbour, Michigan, Jones has a visually distinct style. But it is his ability to tell stories through his art such as the collections “Evil in Color” and “Good and Evil” that sets him apart. Just in the last two months, Jones has had some of his highest-ever sales, and there is growing interest in his work.
“A big thing for me has always been to try to connect my stories and images with a deeper part of everyone. With the way things are moving now and with so many artists, people are probably seeing more art within a day than you probably would have seen within a year. It’s been a big shift,” Jones says.
It’s not the end of crypto: EU asset manager gives 5 reasons why
Despite Bitcoin failing as an inflation hedge in 2022 and 2021, its limited supply may still attract more attention if inflation remains above the central banks’ targets.
It’s not the end of crypto: EU asset manager gives 5 reasons why
Despite Bitcoin failing as an inflation hedge in 2022 and 2021, its limited supply may still attract more attention if inflation remains above the central banks’ targets.
Bitcoin thought leaders weigh the pros and cons of Ordinals
What do Bitcoin ecosystem CEOs make of ordinals, and what does the computer game Doom have to do with it?
Bitcoin thought leaders weigh the pros and cons of Ordinals
What do Bitcoin ecosystem CEOs make of ordinals, and what does the computer game Doom have to do with it?