It’s been more than 100 days since the end of 2022, and the price of bitcoin has risen more than 80% since then. Over the past 30 days, bitcoin has increased by more than 45% against the U.S. dollar. Despite its recovery this year, after a long crypto winter in the previous year, the Bitcoin Obituaries list shows that bitcoin has been declared dead six times by crypto skeptics. The most recent obituary was published on March 14, 2023, by Robin Brooks, the chief economist at the Institute of International Finance, who insists that Bitcoin “is just another bubble asset.”
The Bitcoin Obituaries list hosted on 99bitcoins.com shows that opponents of bitcoin have declared the leading cryptocurrency dead 473 times since 2010. In 2022, bitcoin was declared dead 27 times, which is lower than in several other years. However, it pales in comparison to the 124 death announcements recorded in 2017 or the 93 listed the following year in 2018. These death notices are not memorials, remembrances, commemorative, or tributes. Instead, they are written by opponents of bitcoin who are unconvinced and believe that the cryptocurrency’s days of glory are numbered.
The latest bitcoin obituary was written by Robin Brooks, the chief economist at the Institute of International Finance. On March 14, he wrote: “So it turns out that bitcoin is just another bubble asset that blows up when the Fed gets serious about hiking interest rates. Zero store of value function. Zero diversification benefit. Zero yield. Sayonara bitcoin…” In addition to Brooks, there are five more obituaries regarding bitcoin’s so-called deaths in 2023. Prior to Brooks’ statement, Harvey Jones, the personal finance editor of the Daily Express, called bitcoin a Ponzi scheme, stating:
Bitcoin and all the pathetic fake currencies that popped up in its wake are the worst thing to happen to the investment world in my lifetime. They are a joke wrapped in a fraud, wrapped in a Ponzi scheme and sold as a get-rich-quick investment opportunity.
Among the skeptics who have written bitcoin obituaries in 2023 are Robert Park of the Cincinnati Enquirer, JPMorgan CEO Jamie Dimon, geopolitical expert Peter Zeihan, CNBC anchor Jim Cramer, and former U.S. Securities and Exchange Commission official John Reed Stark. Both Park and Dimon compare bitcoin to a Ponzi scheme, as have dozens of other skeptics before them. Like gold advocate Peter Schiff, Zeihan believes that BTC’s value will drop to zero and even negative price territories.
“Crypto is now in the process of going to zero except for bitcoin which will probably go negative because if we’re moving into a world with carbon taxes you have to take into account the energy to produce it in the first place,” Zeihan said.
The Bitcoin Obituaries list hosted on 99bitcoins.com is, of course, a joke played on the writers of these eulogies, with the purpose of enshrining their bad takes on the internet forever. Since the first death announcement in 2010, bitcoin’s value and network effect have grown immensely. It is currently the world’s 11th most valuable asset in terms of market capitalization, ranking just below Tesla’s net worth and above Meta’s market valuation.
Despite being a decentralized cryptocurrency that is not backed by a government or corporation, has no marketing team, board members, or CEOs, and has been attacked by all of these entities over the last 14 years, people still believe that the leading digital currency is doomed, simply because they say so.
What are your thoughts on the Bitcoin Obituaries list in 2023? Do you think bitcoin is here to stay or is its demise imminent? Share your opinion in the comments section below.
Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 6,000 articles for Bitcoin.com News about the disruptive protocols emerging today.
Image Credits: Shutterstock, Pixabay, Wiki Commons, MikeDotta / Shutterstock.com
Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.
Following a Brief Fee Spike, Gas Prices to Move Ethereum Drop 76% in 12 Days
Transaction fees on the Ethereum network are dropping again after average fees saw a brief spike on April 5 jumping to $43 per transfer. 12 days later, average ether fees are close to dropping below $10 per transaction and median-sized ... read more.
It’s been more than 100 days since the end of 2022, and the price of bitcoin has risen more than 80% since then. Over the past 30 days, bitcoin has increased by more than 45% against the U.S. dollar. Despite its recovery this year, after a long crypto winter in the previous year, the Bitcoin Obituaries list shows that bitcoin has been declared dead six times by crypto skeptics. The most recent obituary was published on March 14, 2023, by Robin Brooks, the chief economist at the Institute of International Finance, who insists that Bitcoin “is just another bubble asset.”
The Bitcoin Obituaries list hosted on 99bitcoins.com shows that opponents of bitcoin have declared the leading cryptocurrency dead 473 times since 2010. In 2022, bitcoin was declared dead 27 times, which is lower than in several other years. However, it pales in comparison to the 124 death announcements recorded in 2017 or the 93 listed the following year in 2018. These death notices are not memorials, remembrances, commemorative, or tributes. Instead, they are written by opponents of bitcoin who are unconvinced and believe that the cryptocurrency’s days of glory are numbered.
The latest bitcoin obituary was written by Robin Brooks, the chief economist at the Institute of International Finance. On March 14, he wrote: “So it turns out that bitcoin is just another bubble asset that blows up when the Fed gets serious about hiking interest rates. Zero store of value function. Zero diversification benefit. Zero yield. Sayonara bitcoin…” In addition to Brooks, there are five more obituaries regarding bitcoin’s so-called deaths in 2023. Prior to Brooks’ statement, Harvey Jones, the personal finance editor of the Daily Express, called bitcoin a Ponzi scheme, stating:
Bitcoin and all the pathetic fake currencies that popped up in its wake are the worst thing to happen to the investment world in my lifetime. They are a joke wrapped in a fraud, wrapped in a Ponzi scheme and sold as a get-rich-quick investment opportunity.
Among the skeptics who have written bitcoin obituaries in 2023 are Robert Park of the Cincinnati Enquirer, JPMorgan CEO Jamie Dimon, geopolitical expert Peter Zeihan, CNBC anchor Jim Cramer, and former U.S. Securities and Exchange Commission official John Reed Stark. Both Park and Dimon compare bitcoin to a Ponzi scheme, as have dozens of other skeptics before them. Like gold advocate Peter Schiff, Zeihan believes that BTC’s value will drop to zero and even negative price territories.
“Crypto is now in the process of going to zero except for bitcoin which will probably go negative because if we’re moving into a world with carbon taxes you have to take into account the energy to produce it in the first place,” Zeihan said.
The Bitcoin Obituaries list hosted on 99bitcoins.com is, of course, a joke played on the writers of these eulogies, with the purpose of enshrining their bad takes on the internet forever. Since the first death announcement in 2010, bitcoin’s value and network effect have grown immensely. It is currently the world’s 11th most valuable asset in terms of market capitalization, ranking just below Tesla’s net worth and above Meta’s market valuation.
Despite being a decentralized cryptocurrency that is not backed by a government or corporation, has no marketing team, board members, or CEOs, and has been attacked by all of these entities over the last 14 years, people still believe that the leading digital currency is doomed, simply because they say so.
What are your thoughts on the Bitcoin Obituaries list in 2023? Do you think bitcoin is here to stay or is its demise imminent? Share your opinion in the comments section below.
Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 6,000 articles for Bitcoin.com News about the disruptive protocols emerging today.
Image Credits: Shutterstock, Pixabay, Wiki Commons, MikeDotta / Shutterstock.com
Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.
Following a Brief Fee Spike, Gas Prices to Move Ethereum Drop 76% in 12 Days
Transaction fees on the Ethereum network are dropping again after average fees saw a brief spike on April 5 jumping to $43 per transfer. 12 days later, average ether fees are close to dropping below $10 per transaction and median-sized ... read more.
Solana was up by as much as 15% on Tuesday, as momentum in cryptocurrency markets shifted higher. The global crypto market cap is up by 4.42% at the time of writing. Litecoin was another notable mover, as the token rose to a five-week high.
Solana (SOL) rose by as much as 15% in today’s session, as bullish sentiment returned to cryptocurrency markets.
Following a low of $20.18 to start the week, SOL/USD rose to a peak of $23.20 on Tuesday.
As a result of today’s move, solana rose to its strongest point since March 20, when the token was at a high of $23.99.
From the chart, it appears that today’s move coincided with the 14-day relative strength index (RSI) moving beyond a ceiling at 58.00.
At the time of writing, the index is tracking at 63.74, which is marginally below a higher resistance level of 64.00.
Should solana bulls take the RSI beyond this point, then there is a good chance that price could move above $24.00.
In addition to SOL, litecoin (LTC) was another notable gainer on Tuesday, as the token moved to a multi-week high.
LTC/USD jumped to a high of $96.89 earlier in today’s session, which comes after trading at a bottom of $92.37 on Monday.
Tuesday’s surge saw litecoin climb to its highest level since March 2, when LTC was trading at $98.34.
Looking at the chart, prices briefly rose above a key resistance level of $95.50, however as the session has progressed, these gains have been lost.
At the time of writing, LTC is trading at $95.41, which remains 2.61% higher than Monday’s low.
Register your email here to get weekly price analysis updates sent to your inbox:
What was behind today’s crypto rally? Let us know your thoughts in the comments.
Eliman was previously a director of a London-based brokerage, whilst also an online trading educator. Currently, he commentates on various asset classes, including Crypto, Stocks and FX, whilst also a startup founder.
Image Credits: Shutterstock, Pixabay, Wiki Commons, sdx15 / Shutterstock.com
Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.
Tony Hawk's Latest NFTs to Come With Signed Physical Skateboards
Last December, the renowned professional skateboarder Tony Hawk released his “Last Trick” non-fungible token (NFT) collection via the NFT marketplace Autograph. Next week, Hawk will be auctioning the skateboards he used during his last tricks, and each of the NFTs ... read more.
Solana was up by as much as 15% on Tuesday, as momentum in cryptocurrency markets shifted higher. The global crypto market cap is up by 4.42% at the time of writing. Litecoin was another notable mover, as the token rose to a five-week high.
Solana (SOL) rose by as much as 15% in today’s session, as bullish sentiment returned to cryptocurrency markets.
Following a low of $20.18 to start the week, SOL/USD rose to a peak of $23.20 on Tuesday.
As a result of today’s move, solana rose to its strongest point since March 20, when the token was at a high of $23.99.
From the chart, it appears that today’s move coincided with the 14-day relative strength index (RSI) moving beyond a ceiling at 58.00.
At the time of writing, the index is tracking at 63.74, which is marginally below a higher resistance level of 64.00.
Should solana bulls take the RSI beyond this point, then there is a good chance that price could move above $24.00.
In addition to SOL, litecoin (LTC) was another notable gainer on Tuesday, as the token moved to a multi-week high.
LTC/USD jumped to a high of $96.89 earlier in today’s session, which comes after trading at a bottom of $92.37 on Monday.
Tuesday’s surge saw litecoin climb to its highest level since March 2, when LTC was trading at $98.34.
Looking at the chart, prices briefly rose above a key resistance level of $95.50, however as the session has progressed, these gains have been lost.
At the time of writing, LTC is trading at $95.41, which remains 2.61% higher than Monday’s low.
Register your email here to get weekly price analysis updates sent to your inbox:
What was behind today’s crypto rally? Let us know your thoughts in the comments.
Eliman was previously a director of a London-based brokerage, whilst also an online trading educator. Currently, he commentates on various asset classes, including Crypto, Stocks and FX, whilst also a startup founder.
Image Credits: Shutterstock, Pixabay, Wiki Commons, sdx15 / Shutterstock.com
Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.
Tony Hawk's Latest NFTs to Come With Signed Physical Skateboards
Last December, the renowned professional skateboarder Tony Hawk released his “Last Trick” non-fungible token (NFT) collection via the NFT marketplace Autograph. Next week, Hawk will be auctioning the skateboards he used during his last tricks, and each of the NFTs ... read more.
PRESS RELEASE. BingX, the Singapore-based crypto exchange, is pleased to announce the launch of a new category to optimise its trading system for the Shanghai Ethereum upgrade. This move is aimed at helping traders looking to make a profit during the Ethereum upgrade that is expected to arrive on April 13th.
The Shanghai Ethereum upgrade is a highly anticipated event in the cryptocurrency community, and BingX is taking proactive measures to ensure its traders can take full advantage of this event. By creating a new category for the Shanghai Ethereum upgrade, BingX is enabling its traders to trade with more precision and efficiency, allowing them to maximise their profits during the upgrade.
The Ethereum Shanghai upgrade is a significant update that will improve the network’s performance, security, and sustainability. It will introduce new features and enhancements to the network, including a new Proof of Stake consensus mechanism and a new transaction fee system. Coins included are LDO , AAVE , YFI & SSV
BingX is committed to providing its traders with the most advanced and reliable trading tools available, and the new category for the Shanghai Ethereum upgrade is just one example of this commitment. The exchange has already established a strong reputation for providing its traders with a secure, transparent, and user-friendly platform for trading cryptocurrencies.
About BingX
Founded in 2018, BingX has grown to become the world’s leading social trading platform. It is a global digital asset, spot, and derivatives trading platform that provides a safe, reliable, user-centric, and open ecosystem with intuitive social trading features. BingX offers BTC USDT , ETH USDT & LDO USDT spots and derivatives to more than 100 countries and regions worldwide with over 5 million user
Media Contact
Company Name: BingX
Contact Person: Elvisco
Country: Singapore
Website: bingx.com/en-us/
This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.
Bitcoin.com is the premier source for everything crypto-related. Contact the Media team on ads@bitcoin.com to talk about press releases, sponsored posts, podcasts and other options.
Image Credits: Shutterstock, Pixabay, Wiki Commons
Bill ‘On Digital Currency’ Caps Crypto Investments for Russians, Opens Door for Payments
Russia’s recently revised bill “On Digital Currency” limits crypto purchases for non-qualified investors while providing legal ground for some cryptocurrency payments, according to local media. The draft law, proposed by the Russian finance ministry, also introduces strict requirements for platforms ... read more.
PRESS RELEASE. BingX, the Singapore-based crypto exchange, is pleased to announce the launch of a new category to optimise its trading system for the Shanghai Ethereum upgrade. This move is aimed at helping traders looking to make a profit during the Ethereum upgrade that is expected to arrive on April 13th.
The Shanghai Ethereum upgrade is a highly anticipated event in the cryptocurrency community, and BingX is taking proactive measures to ensure its traders can take full advantage of this event. By creating a new category for the Shanghai Ethereum upgrade, BingX is enabling its traders to trade with more precision and efficiency, allowing them to maximise their profits during the upgrade.
The Ethereum Shanghai upgrade is a significant update that will improve the network’s performance, security, and sustainability. It will introduce new features and enhancements to the network, including a new Proof of Stake consensus mechanism and a new transaction fee system. Coins included are LDO , AAVE , YFI & SSV
BingX is committed to providing its traders with the most advanced and reliable trading tools available, and the new category for the Shanghai Ethereum upgrade is just one example of this commitment. The exchange has already established a strong reputation for providing its traders with a secure, transparent, and user-friendly platform for trading cryptocurrencies.
About BingX
Founded in 2018, BingX has grown to become the world’s leading social trading platform. It is a global digital asset, spot, and derivatives trading platform that provides a safe, reliable, user-centric, and open ecosystem with intuitive social trading features. BingX offers BTC USDT , ETH USDT & LDO USDT spots and derivatives to more than 100 countries and regions worldwide with over 5 million user
Media Contact
Company Name: BingX
Contact Person: Elvisco
Country: Singapore
Website: bingx.com/en-us/
This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.
Bitcoin.com is the premier source for everything crypto-related. Contact the Media team on ads@bitcoin.com to talk about press releases, sponsored posts, podcasts and other options.
Image Credits: Shutterstock, Pixabay, Wiki Commons
Bill ‘On Digital Currency’ Caps Crypto Investments for Russians, Opens Door for Payments
Russia’s recently revised bill “On Digital Currency” limits crypto purchases for non-qualified investors while providing legal ground for some cryptocurrency payments, according to local media. The draft law, proposed by the Russian finance ministry, also introduces strict requirements for platforms ... read more.
PRESS RELEASE. we2net, a new DeFi platform that aims to bridge the gap between centralized and decentralized finance, has gained strong traction in Korea with over 230+ LP holders and nearly $760k in initial liquidity within just three weeks of launching its offline development efforts.
According to data analysis, the LP holders’ distribution of the initial liquidity is evenly spread without any large whales, indicating a fair and equitable distribution. we2net is set to launch on April 15, 2023, at 0:00 UTC, and investors can purchase its tokens via PancakeSwap or the official website.
The we2net team is now actively promoting its platform through online marketing efforts and offering attractive incentives to the community to encourage its development. Here’s a closer look at some of the platform’s mechanics:
we2net uses USDT and WE2NET tokens as liquidity pairs. Users only need to add initial liquidity using USDT, and the smart contract will automatically generate WE2NET tokens at a 1:10 ratio and add them to the liquidity pool. This mechanism ensures that both project developers and users enter the market at the same purchase price, resulting in fair profit distribution.
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To avoid exchange rate fluctuations, WE2NET tokens are prohibited from trading before the deadline for initial liquidity provision. After trading is enabled, the corresponding WE2NET tokens will be used as LP mining rewards. Additionally, the platform offers generous rewards for referrers, with up to 50% of the user’s fee revenue, while the remaining 50% is allocated to their direct referrers.
One notable aspect of we2net’s liquidity provision mechanism is that it shares the privilege of adding initial liquidity with all investors, unlike traditional DeFi projects where the project developers are responsible for adding initial liquidity, which can lead to uncertainty and potential rugpool scenarios. By sharing this privilege with investors, we2net achieves a truly community-driven and decentralized approach.
Furthermore, the number of tokens issued is pegged to the amount of initial liquidity added, ensuring that there are no unexpected token issuances by project developers. In terms of referral mechanics, users can obtain their referral link on the official website and earn up to 50% of the transaction fee revenue as a reward, depending on their levil. This incentivizes users to continue to promote the project and expand the user network, as evidenced by the ongoing promotion of the project’s rank-gifting activities.
Overall, we2net’s innovative approach to liquidity provision and referral mechanics, coupled with its successful offline development efforts, bode well for its future growth potential. As it enters the DeFi market on April 15, it will be interesting to see how it continues to differentiate itself from other projects and gain a foothold in the highly competitive DeFi space.
Website link: https://www.we2.net/en
Telegram: https://t.me/we2netEn
Twitter: https://twitter.com/we2net
This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.
Bitcoin.com is the premier source for everything crypto-related. Contact the Media team on ads@bitcoin.com to talk about press releases, sponsored posts, podcasts and other options.
Image Credits: Shutterstock, Pixabay, Wiki Commons
Tony Hawk's Latest NFTs to Come With Signed Physical Skateboards
Last December, the renowned professional skateboarder Tony Hawk released his “Last Trick” non-fungible token (NFT) collection via the NFT marketplace Autograph. Next week, Hawk will be auctioning the skateboards he used during his last tricks, and each of the NFTs ... read more.
PRESS RELEASE. we2net, a new DeFi platform that aims to bridge the gap between centralized and decentralized finance, has gained strong traction in Korea with over 230+ LP holders and nearly $760k in initial liquidity within just three weeks of launching its offline development efforts.
According to data analysis, the LP holders’ distribution of the initial liquidity is evenly spread without any large whales, indicating a fair and equitable distribution. we2net is set to launch on April 15, 2023, at 0:00 UTC, and investors can purchase its tokens via PancakeSwap or the official website.
The we2net team is now actively promoting its platform through online marketing efforts and offering attractive incentives to the community to encourage its development. Here’s a closer look at some of the platform’s mechanics:
we2net uses USDT and WE2NET tokens as liquidity pairs. Users only need to add initial liquidity using USDT, and the smart contract will automatically generate WE2NET tokens at a 1:10 ratio and add them to the liquidity pool. This mechanism ensures that both project developers and users enter the market at the same purchase price, resulting in fair profit distribution.
![]()
To avoid exchange rate fluctuations, WE2NET tokens are prohibited from trading before the deadline for initial liquidity provision. After trading is enabled, the corresponding WE2NET tokens will be used as LP mining rewards. Additionally, the platform offers generous rewards for referrers, with up to 50% of the user’s fee revenue, while the remaining 50% is allocated to their direct referrers.
One notable aspect of we2net’s liquidity provision mechanism is that it shares the privilege of adding initial liquidity with all investors, unlike traditional DeFi projects where the project developers are responsible for adding initial liquidity, which can lead to uncertainty and potential rugpool scenarios. By sharing this privilege with investors, we2net achieves a truly community-driven and decentralized approach.
Furthermore, the number of tokens issued is pegged to the amount of initial liquidity added, ensuring that there are no unexpected token issuances by project developers. In terms of referral mechanics, users can obtain their referral link on the official website and earn up to 50% of the transaction fee revenue as a reward, depending on their levil. This incentivizes users to continue to promote the project and expand the user network, as evidenced by the ongoing promotion of the project’s rank-gifting activities.
Overall, we2net’s innovative approach to liquidity provision and referral mechanics, coupled with its successful offline development efforts, bode well for its future growth potential. As it enters the DeFi market on April 15, it will be interesting to see how it continues to differentiate itself from other projects and gain a foothold in the highly competitive DeFi space.
Website link: https://www.we2.net/en
Telegram: https://t.me/we2netEn
Twitter: https://twitter.com/we2net
This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.
Bitcoin.com is the premier source for everything crypto-related. Contact the Media team on ads@bitcoin.com to talk about press releases, sponsored posts, podcasts and other options.
Image Credits: Shutterstock, Pixabay, Wiki Commons
Tony Hawk's Latest NFTs to Come With Signed Physical Skateboards
Last December, the renowned professional skateboarder Tony Hawk released his “Last Trick” non-fungible token (NFT) collection via the NFT marketplace Autograph. Next week, Hawk will be auctioning the skateboards he used during his last tricks, and each of the NFTs ... read more.
PRESS RELEASE. The Seasonal Tokens economy has gone through its second change of season. Like bitcoin, the four tokens – Spring, Summer, Autumn and Winter – go through regular halvings of the supply from mining. Every nine months, the rate of production of one of the tokens is cut in half. On the 6th of March, the Summer halving took place. Summer went from being produced at the fastest rate of the four tokens, to the slowest.
As the market adjusts to the lower rate of supply after a halving, the token that was previously the cheapest gradually becomes the most expensive. This happened with Spring after its halving in June of last year. The same process is now unfolding with Summer. Autumn tokens, which are now produced at the fastest rate of the four, have become the cheapest token, and can be expected to remain that way until the Autumn halving in December. Meanwhile, Summer is rising and is now tied with Winter for second place.
The tokens are designed to slowly cycle around each other in price so that traders can take advantage of the predictable price changes and accumulate holdings over time. The rule for successful trading is simple: Always trade tokens for more tokens of a different type. This eliminates the risk of making a loss, measured in tokens, and it guarantees that the total number of tokens held increases with every trade.
Before June 2022, a trader could get between 40% and 60% more tokens in total by trading Winter for Spring. After November, when Spring was the most expensive of the four, those traders could trade Spring for Summer and gain more tokens in total once again. Over the coming months, Summer will tend to become the most expensive token, giving traders a third chance to increase their holdings without spending more money.
Like bitcoin, the tokens become harder to obtain over time, making them suitable for use as a store of value. Unlike bitcoin, however, holders have a way to get more coins without speculating. A trader could try to get more bitcoins by selling when the bitcoin price is expected to fall, but the price might rise instead, leaving the trader with fewer bitcoins overall. Trying to accumulate bitcoins by trading necessarily involves gambling, and comes along with a risk of loss.
The predictable cycles in the relative prices of the four Seasonal Tokens make it possible to accumulate tokens through trading without the risk of ending up with fewer tokens. The total number of tokens a trader owns will increase and never decrease whenever they trade tokens for more tokens.
A trader who started with 5 Autumn tokens and traded them for Spring and then Summer could exchange the Summer tokens for 10 or more Autumn tokens today. Regardless of the prices of the tokens measured in dollars or BTC, it’s better to have 10 Autumn tokens than to have 5. Trading tokens for more tokens is better than the buy-and-hold strategy.
With most cryptocurrencies, holders rely on price appreciation to make a profit. With Seasonal Tokens, the tokens don’t need to appreciate in price for holders to benefit. Prices that cycle around each other predictably are just as good as prices that go up over the long term.
Traders can try it out for themselves without putting any money at risk by using the Seasonal Tokens Trading Simulator. It compresses ten years of price oscillations into a 5-minute simulation, letting traders see how fast their holdings can grow over the next ten years as they trade tokens based on the changing seasons.
Traders who want to accumulate tokens with real value can add the tokens to MetaMask using the buttons on the Seasonal Tokens website. After that, other digital currencies can be swapped for Seasonal Tokens inside MetaMask. The tokens are also listed on two centralized exchanges, Coinstore.com and CoinsBit.io, where they can be traded for USDT.
Seasonal Tokens are the first digital assets designed specifically for seasonal trading. They allow traders to predictably beat the market by actively managing their portfolio of tokens. Instead of powerlessly hoping that their assets will appreciate over time, traders can use Seasonal Tokens to gain control of their portfolio’s performance. Seasonal trading outperforms buy-and-hold as a strategy for building wealth, and these tokens make it possible to use this superior strategy in cryptocurrency trading for the first time.
Visit the website at seasonaltokens.org to learn more.
https://twitter.com/Seasonal_Tokens
https://seasonal-tokens.medium.com/
https://discord.gg/Q8XZgJEDD3
https://www.reddit.com/r/SeasonalTokens/
This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.
Bitcoin.com is the premier source for everything crypto-related. Contact the Media team on ads@bitcoin.com to talk about press releases, sponsored posts, podcasts and other options.
Image Credits: Shutterstock, Pixabay, Wiki Commons
Ripple CEO: SEC Lawsuit Over XRP 'Has Gone Exceedingly Well'
The CEO of Ripple Labs says that the lawsuit brought by the U.S. Securities and Exchange Commission (SEC) against him and his company over XRP "has gone exceedingly well." He stressed: "This case is important, not just for Ripple, it’s ... read more.
PRESS RELEASE. The Seasonal Tokens economy has gone through its second change of season. Like bitcoin, the four tokens – Spring, Summer, Autumn and Winter – go through regular halvings of the supply from mining. Every nine months, the rate of production of one of the tokens is cut in half. On the 6th of March, the Summer halving took place. Summer went from being produced at the fastest rate of the four tokens, to the slowest.
As the market adjusts to the lower rate of supply after a halving, the token that was previously the cheapest gradually becomes the most expensive. This happened with Spring after its halving in June of last year. The same process is now unfolding with Summer. Autumn tokens, which are now produced at the fastest rate of the four, have become the cheapest token, and can be expected to remain that way until the Autumn halving in December. Meanwhile, Summer is rising and is now tied with Winter for second place.
The tokens are designed to slowly cycle around each other in price so that traders can take advantage of the predictable price changes and accumulate holdings over time. The rule for successful trading is simple: Always trade tokens for more tokens of a different type. This eliminates the risk of making a loss, measured in tokens, and it guarantees that the total number of tokens held increases with every trade.
Before June 2022, a trader could get between 40% and 60% more tokens in total by trading Winter for Spring. After November, when Spring was the most expensive of the four, those traders could trade Spring for Summer and gain more tokens in total once again. Over the coming months, Summer will tend to become the most expensive token, giving traders a third chance to increase their holdings without spending more money.
Like bitcoin, the tokens become harder to obtain over time, making them suitable for use as a store of value. Unlike bitcoin, however, holders have a way to get more coins without speculating. A trader could try to get more bitcoins by selling when the bitcoin price is expected to fall, but the price might rise instead, leaving the trader with fewer bitcoins overall. Trying to accumulate bitcoins by trading necessarily involves gambling, and comes along with a risk of loss.
The predictable cycles in the relative prices of the four Seasonal Tokens make it possible to accumulate tokens through trading without the risk of ending up with fewer tokens. The total number of tokens a trader owns will increase and never decrease whenever they trade tokens for more tokens.
A trader who started with 5 Autumn tokens and traded them for Spring and then Summer could exchange the Summer tokens for 10 or more Autumn tokens today. Regardless of the prices of the tokens measured in dollars or BTC, it’s better to have 10 Autumn tokens than to have 5. Trading tokens for more tokens is better than the buy-and-hold strategy.
With most cryptocurrencies, holders rely on price appreciation to make a profit. With Seasonal Tokens, the tokens don’t need to appreciate in price for holders to benefit. Prices that cycle around each other predictably are just as good as prices that go up over the long term.
Traders can try it out for themselves without putting any money at risk by using the Seasonal Tokens Trading Simulator. It compresses ten years of price oscillations into a 5-minute simulation, letting traders see how fast their holdings can grow over the next ten years as they trade tokens based on the changing seasons.
Traders who want to accumulate tokens with real value can add the tokens to MetaMask using the buttons on the Seasonal Tokens website. After that, other digital currencies can be swapped for Seasonal Tokens inside MetaMask. The tokens are also listed on two centralized exchanges, Coinstore.com and CoinsBit.io, where they can be traded for USDT.
Seasonal Tokens are the first digital assets designed specifically for seasonal trading. They allow traders to predictably beat the market by actively managing their portfolio of tokens. Instead of powerlessly hoping that their assets will appreciate over time, traders can use Seasonal Tokens to gain control of their portfolio’s performance. Seasonal trading outperforms buy-and-hold as a strategy for building wealth, and these tokens make it possible to use this superior strategy in cryptocurrency trading for the first time.
Visit the website at seasonaltokens.org to learn more.
https://twitter.com/Seasonal_Tokens
https://seasonal-tokens.medium.com/
https://discord.gg/Q8XZgJEDD3
https://www.reddit.com/r/SeasonalTokens/
This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.
Bitcoin.com is the premier source for everything crypto-related. Contact the Media team on ads@bitcoin.com to talk about press releases, sponsored posts, podcasts and other options.
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Ripple CEO: SEC Lawsuit Over XRP 'Has Gone Exceedingly Well'
The CEO of Ripple Labs says that the lawsuit brought by the U.S. Securities and Exchange Commission (SEC) against him and his company over XRP "has gone exceedingly well." He stressed: "This case is important, not just for Ripple, it’s ... read more.
PRESS RELEASE. The GroveCoin Network has recently gone live on the market, bringing a host of exciting new features and capabilities. The project uses an Ethereum Virtual Machine compatible blockchain and utilizes a Proof-of-Authority consensus with QBFT modifications to increase decentralization.
With the promise of high TPS capabilities, several projects have shown interest in the network. The team expects to bring more sustainable technology initiatives onto the blockchain with their GroveToken business.
The Upcoming Market Launch
The GroveCoin Network comes with an EVM-compatible architecture that is fundamentally interoperable with any other Ethereum Virtual Machine architecture.
The developing team modified its Proof of Authority consensus with a QBFT adaptation. Therefore, multiple validators are necessary for the system, increasing decentralization and offering more slots for community investors/business partners.
This project is part of the GroveCoin universe, which puts the $GRV token at its core. $GRV is the network’s native token, with a total supply of 100 million coins. At the time of writing, the token had roughly 44 mln in circulating supply. These numbers make GroveCoin one of the lowest-supply blockchains in the industry.
The platform can handle 100 transactions per second, a number the team can scale according to demand. Moreover, the network has an average block time of 3 seconds, surpassing Ethereum’s 20 TPS and BNB’s 30 TPS.
The team behind GroveCoin is determined to make it a reliable and secure blockchain with its users in mind. It intends to be an appealing solution for any project that needs scalability, speed, and sustainability.
Aiming for Large-Scale Adoption
Before its official launch, the GroveCoin Network managed to catch the interest of several crypto projects. Specifically, more than 30 projects have already agreed to deploy their smart contracts on the network.
This indicates the potential of and interest in the blockchain technology of GroveCoin. The team’s upcoming initiatives further highlight the market appeal of this network. For instance, the team mentioned the intention to integrate sustainable tech initiatives with the GroveToken business.
Additionally, Her Highness Shaikha Dubai Al Maktoum selected GroveCoin Network as the operating blockchain for her New Era Metaverse Business. Furthermore, a portion of the proceeds from GroveBusiness will go to ‘Buy Back and Burn’ GRV coins on the network. This plan aims to reduce the total supply of GRV coins, potentially increasing their value over time.
Overall, these actions indicate that GroveCoin intends to achieve large-scale adoption and become a major player in the crypto industry.
About GroveCoin
GroveCoin seeks to empower individuals by providing a secure and reliable crypto ecosystem.
Through advanced technologies, such as Future Farming Solutions and renewable energy investments, GroveCoin tackles resource scarcity and environmental degradation. Users can access financial freedom through its platform while contributing to a greener planet.
The team behind GroveCoin is committed to furthering green initiatives and educating users on the benefits of solar farming technologies. The team will reinvest a part of GroveToken transactions towards eco-friendly businesses to achieve its goal.
The GroveCoin Network launch can further the project’s success. With its innovative consensus mechanism and low supply, users can trust that their transactions are secure and efficient.
Anyone wishing to discover more about the blockchain technology of GroveCoin can visit the team’s website. Moreover, all the social media pages listed below can provide further information on the project and its upcoming initiatives.
Twitter | Telegram | Discord | Reddit | Facebook
This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.
Bitcoin.com is the premier source for everything crypto-related. Contact the Media team on ads@bitcoin.com to talk about press releases, sponsored posts, podcasts and other options.
Image Credits: Shutterstock, Pixabay, Wiki Commons
Bill ‘On Digital Currency’ Caps Crypto Investments for Russians, Opens Door for Payments
Russia’s recently revised bill “On Digital Currency” limits crypto purchases for non-qualified investors while providing legal ground for some cryptocurrency payments, according to local media. The draft law, proposed by the Russian finance ministry, also introduces strict requirements for platforms ... read more.
PRESS RELEASE. The GroveCoin Network has recently gone live on the market, bringing a host of exciting new features and capabilities. The project uses an Ethereum Virtual Machine compatible blockchain and utilizes a Proof-of-Authority consensus with QBFT modifications to increase decentralization.
With the promise of high TPS capabilities, several projects have shown interest in the network. The team expects to bring more sustainable technology initiatives onto the blockchain with their GroveToken business.
The Upcoming Market Launch
The GroveCoin Network comes with an EVM-compatible architecture that is fundamentally interoperable with any other Ethereum Virtual Machine architecture.
The developing team modified its Proof of Authority consensus with a QBFT adaptation. Therefore, multiple validators are necessary for the system, increasing decentralization and offering more slots for community investors/business partners.
This project is part of the GroveCoin universe, which puts the $GRV token at its core. $GRV is the network’s native token, with a total supply of 100 million coins. At the time of writing, the token had roughly 44 mln in circulating supply. These numbers make GroveCoin one of the lowest-supply blockchains in the industry.
The platform can handle 100 transactions per second, a number the team can scale according to demand. Moreover, the network has an average block time of 3 seconds, surpassing Ethereum’s 20 TPS and BNB’s 30 TPS.
The team behind GroveCoin is determined to make it a reliable and secure blockchain with its users in mind. It intends to be an appealing solution for any project that needs scalability, speed, and sustainability.
Aiming for Large-Scale Adoption
Before its official launch, the GroveCoin Network managed to catch the interest of several crypto projects. Specifically, more than 30 projects have already agreed to deploy their smart contracts on the network.
This indicates the potential of and interest in the blockchain technology of GroveCoin. The team’s upcoming initiatives further highlight the market appeal of this network. For instance, the team mentioned the intention to integrate sustainable tech initiatives with the GroveToken business.
Additionally, Her Highness Shaikha Dubai Al Maktoum selected GroveCoin Network as the operating blockchain for her New Era Metaverse Business. Furthermore, a portion of the proceeds from GroveBusiness will go to ‘Buy Back and Burn’ GRV coins on the network. This plan aims to reduce the total supply of GRV coins, potentially increasing their value over time.
Overall, these actions indicate that GroveCoin intends to achieve large-scale adoption and become a major player in the crypto industry.
About GroveCoin
GroveCoin seeks to empower individuals by providing a secure and reliable crypto ecosystem.
Through advanced technologies, such as Future Farming Solutions and renewable energy investments, GroveCoin tackles resource scarcity and environmental degradation. Users can access financial freedom through its platform while contributing to a greener planet.
The team behind GroveCoin is committed to furthering green initiatives and educating users on the benefits of solar farming technologies. The team will reinvest a part of GroveToken transactions towards eco-friendly businesses to achieve its goal.
The GroveCoin Network launch can further the project’s success. With its innovative consensus mechanism and low supply, users can trust that their transactions are secure and efficient.
Anyone wishing to discover more about the blockchain technology of GroveCoin can visit the team’s website. Moreover, all the social media pages listed below can provide further information on the project and its upcoming initiatives.
Twitter | Telegram | Discord | Reddit | Facebook
This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.
Bitcoin.com is the premier source for everything crypto-related. Contact the Media team on ads@bitcoin.com to talk about press releases, sponsored posts, podcasts and other options.
Image Credits: Shutterstock, Pixabay, Wiki Commons
Bill ‘On Digital Currency’ Caps Crypto Investments for Russians, Opens Door for Payments
Russia’s recently revised bill “On Digital Currency” limits crypto purchases for non-qualified investors while providing legal ground for some cryptocurrency payments, according to local media. The draft law, proposed by the Russian finance ministry, also introduces strict requirements for platforms ... read more.
PRESS RELEASE. Tokyo, Japan, April 11th 2023, Chainwire. TemDAO is a world heritage project that seeks to protect and preserve cultural assets through donations and democracy. The project, powered by the $TEM token, ensures the long-term sustainability of global cultural sites.
Recently, TemDAO has made notable donations for preservation efforts in Ukraine, Turkey, and other regions worldwide. These actions aim to help communities preserve their existence and their global heritage.
The team underlines the importance of recognizing the significance of preserving the world’s shared cultural history. TemDAO aims to positively impact global culture through its unique strategy and solutions.
The Team’s Strategy for World Heritage and Cultural Assets Protection
TemDAO has an innovative strategy for protecting world heritage and cultural assets. The project intends to empower individuals and organizations to stimulate projects that preserve these important resources.
As a current initiative, the TemDAO team is working with Ninna-ji temple, one of the temples in Kyoto, Japan.
There are many temples in Kyoto, but they have the problem of aging and need to be repaired or rebuilt. Ninna-ji Temple and TemDAO are working together to attempt to reconstruct the temple through donations.
The project relies on transparent transactions in which all expenses are recorded on-chain, making corruption impossible and allowing for offering special utilities to collaborators who agree with their aims.
The proposed utility is the right to stay in a special part of the temple. That room has an important historical significance, where an old emperor used to live. Wouldn’t it be historic to be able to stay in the same room and experience the same feelings?
TemDAO is exploring the possibility of connecting the world of Buddhism at Ninna-ji Temple with the reality of their DAO to achieve sustainable protection and restoration of Ninna-ji Temple.
A System Fueled by Democracy and the $TEM Token
TemDAO is a platform that utilizes blockchain technology to facilitate the protection and maintenance of global heritage sites. It features two forms of democratic governance: off-chain voting, known as ‘soft’ governance, and on-chain voting.
The $TEM token serves as the fuel for this system, with multiple use cases:
The $TEM token distribution aims to provide incentives for all stakeholders in a democratic manner. Specifically, most of the tokens (62%) go to the ecosystem. This includes participants in World Heritage or cultural asset protection and funds for equipment and repairs.
Additionally, 14% of the tokens help the team push its marketing efforts. The same quantity (14%) goes to developing the platform and its supporting services. The remaining 10% is in the hands of TemDAO stakeholders, such as the team, investors, prospective employees, and strategic partners.
TemDAO’s decentralized governance mechanism preserves world history by balancing token utility and fund allocation.
The Project’s Recent Donations for World Heritage Preservation
The TEM project team has recently donated to several organizations to support the people and communities affected by global events. All of these donations were made from $TEM profits.
In particular, they have donated funds to aid Ukraine following the Russian invasion of 2022. The team donated for relief efforts after an earthquake hit Turkey in February 2023. The team has contributed to NPOs and NGOs such as “Save the Children,” “Binance Charity,” and others through these donations.
The project’s mission is to make sure that the world’s heritage is preserved and protected. In such a context, donations represent a direct way of contributing to this goal. The project team is committed to ensuring their donations are put to good use.
About TemDAO
TemDAO is a world heritage protection and development DAO accelerator. The project provides a large ecosystem of resources and support to fund, govern, and develop cultural properties worldwide.
TemDAO uses a decentralized, democratic governance system powered by the $TEM token. This approach preserves and maintains world heritage sites through off-chain and on-chain voting processes and more.
The team has recently partnered with the Giving Block, a popular name in the world of crypto charities. The Giving Block has gradually built a reputation as the go-to platform for nonprofits looking to accept cryptocurrency donations. This partnership is a great opportunity for TemDAO to enhance its mission of protecting the world’s precious heritage sites and accelerating its fundraising efforts.
The project’s recent donations go in the same direction, providing relief and support to communities affected by global crises. By doing so, TemDAO ensures the preservation of the world’s heritage for future generations.
TemDAO’s website and social media pages below provide more information about the platform, its features, and how it works.
Twitter | Telegram
Contact
Marketing Director
Kei Sugimura
info@temdao.io
This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.
Bitcoin.com is the premier source for everything crypto-related. Contact the Media team on ads@bitcoin.com to talk about press releases, sponsored posts, podcasts and other options.
Image Credits: Shutterstock, Pixabay, Wiki Commons
Central Bank of Brazil Confirms It Will Run a Pilot Test for Its CBDC This Year
The Central Bank of Brazil has confirmed that the institution will run a pilot test regarding the implementation of its proposed central bank digital currency (CBDC), the digital real. Roberto Campos Neto, president of the bank, also stated that this ... read more.
Source From : News