Crypto Relevant Letter #99: How Bitcoin Mining Helping States To Stabilize?
https://cryptorelevant.substack.com/p/crypto-relevant-letter-99-how-bitcoin
https://cryptorelevant.substack.com/p/crypto-relevant-letter-99-how-bitcoin
Bitcoin Declared ‘Dead’ Over 200 Times in Last 5 Years.
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#crypto #bitcoin
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#crypto #bitcoin
|Macro|
US Unemployment Rate is 3.5%. It's Less Than The Expected Rate of 3.7%: Labor Department of the United States
US Unemployment Rate is 3.5%. It's Less Than The Expected Rate of 3.7%: Labor Department of the United States
Big news for ETH stakers. Withdrawal are coming in March this year.
It was actually expected to come later, but Ethereum developers don't want their community to sweat more.
https://blockworks.co/news/ethereum-devs-opt-for-withdrawals-in-march-and-nothing-else
It was actually expected to come later, but Ethereum developers don't want their community to sweat more.
https://blockworks.co/news/ethereum-devs-opt-for-withdrawals-in-march-and-nothing-else
Blockworks
Ethereum Devs Opt For Withdrawals in March — And Nothing Else
Aiming to deliver withdrawals on schedule in March, the latest all-core devs call scaled back Ethereum developers’ short-term ambitions
Here’s a look at five sectors of the blockchain ecosystem that may present some of the best opportunities for accumulation while prices are low and demand is non-existent.
Layer-1 protocols
Layer-1 (L1) protocols like Bitcoin and Ethereum form the foundation that much of the cryptocurrency ecosystem is built upon and enable most of the other sectors of the market to exist.
Layer-2 protocols
According to L2Beat, which tracks the stats on the top Ethereum L2s, Arbitrum is ranked number one in terms of total value locked (TVL), followed by Optimism and dYdX.
Gaming
The gaming sector of the cryptocurrency ecosystem has proven to be one of the more resilient in terms of keeping users engaged during the current crypto winter.
The emergence of play-to-earn games like Axie Infinity (AXS) helped shine a spotlight on the possibilities of blockchain-based gaming during the bull cycle of 2021 and has led to an offshoot of numerous “-to-earn” type protocols such as move…
Layer-1 protocols
Layer-1 (L1) protocols like Bitcoin and Ethereum form the foundation that much of the cryptocurrency ecosystem is built upon and enable most of the other sectors of the market to exist.
Layer-2 protocols
According to L2Beat, which tracks the stats on the top Ethereum L2s, Arbitrum is ranked number one in terms of total value locked (TVL), followed by Optimism and dYdX.
Gaming
The gaming sector of the cryptocurrency ecosystem has proven to be one of the more resilient in terms of keeping users engaged during the current crypto winter.
The emergence of play-to-earn games like Axie Infinity (AXS) helped shine a spotlight on the possibilities of blockchain-based gaming during the bull cycle of 2021 and has led to an offshoot of numerous “-to-earn” type protocols such as move…
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This week in Crypto.
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#crypto
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The hype around NFTs have attracted the interest of more and more big brands wanting to capture a lion’s share of the market.
Here are some of the most popular brands that have dipped their toes into NFTs by launching their own NFT collections.
This week in Crypto.
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#crypto #nft
Here are some of the most popular brands that have dipped their toes into NFTs by launching their own NFT collections.
This week in Crypto.
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#crypto #nft
The 2022-2023 #Bitcoin Bear Market has seen the Realized cap drawdown by -18.8%, the second largest in history, and eclipsed only by the pico-bottom of the 2011 bear.
Realized capitalization is a variation of market capitalization which values each UTXO based on the price when it was last moved.
The motivation for the creation of Realized Cap was the realization that “Market Capitalization” is often an empty metric when applied to cryptocurrencies. Market Capitalization, borrowed from the world of equities.
Investors have weathered a total of $88 Billion in Net Realized losses.
Realized capitalization is a variation of market capitalization which values each UTXO based on the price when it was last moved.
The motivation for the creation of Realized Cap was the realization that “Market Capitalization” is often an empty metric when applied to cryptocurrencies. Market Capitalization, borrowed from the world of equities.
Investors have weathered a total of $88 Billion in Net Realized losses.
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LG to add meta universe support to its TVs
The company has partnered with Web3-based gaming and music platform Oorbit, making it possible for future generations of LG TVs to:
▪️ Attend virtual concerts;
▪️ Play multiplayer games;
▪️ Communicate with friends and shop;
▪️ Create and customize your avatar
Join us to get more actionable data & key insights: t.me/cryptorelevant
The company has partnered with Web3-based gaming and music platform Oorbit, making it possible for future generations of LG TVs to:
▪️ Attend virtual concerts;
▪️ Play multiplayer games;
▪️ Communicate with friends and shop;
▪️ Create and customize your avatar
Join us to get more actionable data & key insights: t.me/cryptorelevant
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The current bear market is the longest Bitcoin bear market ever:
2011 Bear Market (163 days)
June 8th, 2011 - Nov 18th, 2011
2013-2015 (406 days)
Dec 4th, 2013 - Jan 14th, 2015
2017-2018 (364 days)
Dec 16th, 2017 - Dec 15th, 2018
2021-2022 (426 days)
Nov 8th, 2021 - Jan 8th, 2023
Join us to get more actionable data & key insights: t.me/cryptorelevant
2011 Bear Market (163 days)
June 8th, 2011 - Nov 18th, 2011
2013-2015 (406 days)
Dec 4th, 2013 - Jan 14th, 2015
2017-2018 (364 days)
Dec 16th, 2017 - Dec 15th, 2018
2021-2022 (426 days)
Nov 8th, 2021 - Jan 8th, 2023
Join us to get more actionable data & key insights: t.me/cryptorelevant
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The best source of Crypto education and updates. We bring what's relevant to you. 💯
Building a Crypto Relevant Community 🌏
Join our discussion group: t.me/crypto_relevant
Building a Crypto Relevant Community 🌏
Join our discussion group: t.me/crypto_relevant
🚨 Inflation rate Update:
Argentina 🇦🇷 92.4%
Turkey 🇹🇷 84.39%
Russia 🇷🇺 12%
Italy 🇮🇹 11.8%
UK 🇬🇧 10.7%
Euro Area 🇪🇺 10.1%
Germany 🇩🇪 10%
Netherlands 🇳🇱 9.9%
Mexico 🇲🇽 7.8%
USA 🇺🇸 7.1%
France 🇫🇷 6.2%
Brazil 🇧🇷 5.9%
India 🇮🇳 5.88%
Spain 🇪🇸 5.8%
Japan 🇯🇵 3.8%
Switzerland 🇨🇭 3%
China 🇨🇳 1.6%
Bitcoin: 1.7%
(Official data from Government real inflation could be a lot higher)
Join us to get more actionable data & key insights: t.me/cryptorelevant
Argentina 🇦🇷 92.4%
Turkey 🇹🇷 84.39%
Russia 🇷🇺 12%
Italy 🇮🇹 11.8%
UK 🇬🇧 10.7%
Euro Area 🇪🇺 10.1%
Germany 🇩🇪 10%
Netherlands 🇳🇱 9.9%
Mexico 🇲🇽 7.8%
USA 🇺🇸 7.1%
France 🇫🇷 6.2%
Brazil 🇧🇷 5.9%
India 🇮🇳 5.88%
Spain 🇪🇸 5.8%
Japan 🇯🇵 3.8%
Switzerland 🇨🇭 3%
China 🇨🇳 1.6%
Bitcoin: 1.7%
(Official data from Government real inflation could be a lot higher)
Join us to get more actionable data & key insights: t.me/cryptorelevant
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When Satoshi Nakamoto built Bitcoin, design choices were made that effectively limits the number of Bitcoins that will ever exist to (roughly) 21 million.
A fixed supply limit certainly gives Bitcoin anti-inflationary properties, but the reason it was set to 21 million is hidden in personal correspondence between Nakamoto and software developer Mike Hearn.
Nakamoto explained why they chose 21 million for Bitcoin’s supply limit, but never really expressed how.
One solid theory involves dissecting Bitcoin’s distribution model (which had been hinted at in the Hearn email), but it, unfortunately, requires some mathematics.
Many believe that Bitcoin’s 21 million limits was arbitrarily set when Nakamoto made two key decisions, that: Bitcoin should add new blocks to its blockchain every 10 minutes (on average), and the reward paid to miners (starting with 50 BTC) halves every four years.
A post on the Bitcoin section of the popular dev forum StackExchange suggested…
A fixed supply limit certainly gives Bitcoin anti-inflationary properties, but the reason it was set to 21 million is hidden in personal correspondence between Nakamoto and software developer Mike Hearn.
Nakamoto explained why they chose 21 million for Bitcoin’s supply limit, but never really expressed how.
One solid theory involves dissecting Bitcoin’s distribution model (which had been hinted at in the Hearn email), but it, unfortunately, requires some mathematics.
Many believe that Bitcoin’s 21 million limits was arbitrarily set when Nakamoto made two key decisions, that: Bitcoin should add new blocks to its blockchain every 10 minutes (on average), and the reward paid to miners (starting with 50 BTC) halves every four years.
A post on the Bitcoin section of the popular dev forum StackExchange suggested…
DAU is a popular metric used by technology experts and investors to measure both the popularity and the potential for growth of an online platform or app.
Here are the top blockchains by daily active users.
BNB Chain 806k
Ethereum 586k
Polygon 565k
Fantom 54k
Optimism 53k
Uniswap 49.6k
Arbitrum 49.2k
Avalanche 22.7k
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Data and research content infographics: @cryptorelevant
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#crypto
Here are the top blockchains by daily active users.
BNB Chain 806k
Ethereum 586k
Polygon 565k
Fantom 54k
Optimism 53k
Uniswap 49.6k
Arbitrum 49.2k
Avalanche 22.7k
For more quick updates, join us on Telegram: t.me/cryptorelevant 👈
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Data and research content infographics: @cryptorelevant
Important crypto news stories: @CryptoRelevantNews
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#crypto
Sam Bankman-Fried's $455 Million Robinhood shares have been seized by the Justice Department in the FTX case
It's interesting to see if they hold or sell.
🤝 @cryptorelevant
It's interesting to see if they hold or sell.
🤝 @cryptorelevant
Binance assets value plummeted $12 billion in the last 60 days: Forbes
Join us to get more actionable data & key insights: t.me/cryptorelevant
Join us to get more actionable data & key insights: t.me/cryptorelevant
As cryptocurrency usage increases, so too do cryptocurrency regulations around the world that are put in place to govern them. The crypto landscape is constantly evolving and keeping up to date with the rules in different global territories isn’t easy.
Learn how different nations approach coin and exchange regulation and if they have any upcoming legislation which could alter their approach to cryptocurrencies.
1. United States
Cryptocurrencies: Not considered legal tender
Cryptocurrency exchanges: Legal, regulation varies by state
2. Canada
Cryptocurrencies: Not legal tender
Cryptocurrency exchanges: Legal, required to register with FinTRAC after June 1, 2020
3. UK
Cryptocurrencies: Not legal tender
Cryptocurrency exchanges: Legal, registration requirements with FCA
4. Switzerland
Cryptocurrencies: Legal, accepted as payment in some contexts
Cryptocurrency exchanges: Legal, regulated by SFTA
5.The EU
Cryptocurrencies: Legal, member-states may not introduce…
Learn how different nations approach coin and exchange regulation and if they have any upcoming legislation which could alter their approach to cryptocurrencies.
1. United States
Cryptocurrencies: Not considered legal tender
Cryptocurrency exchanges: Legal, regulation varies by state
2. Canada
Cryptocurrencies: Not legal tender
Cryptocurrency exchanges: Legal, required to register with FinTRAC after June 1, 2020
3. UK
Cryptocurrencies: Not legal tender
Cryptocurrency exchanges: Legal, registration requirements with FCA
4. Switzerland
Cryptocurrencies: Legal, accepted as payment in some contexts
Cryptocurrency exchanges: Legal, regulated by SFTA
5.The EU
Cryptocurrencies: Legal, member-states may not introduce…