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McGlone hinted at Ethereum becoming a large part of the financial system as the merge<\/a> approaches due to its ability to make tokenized assets<\/a> readily accessible to the public just like ETFs had done with traditional assets.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Will Return \u2013 Ruchir Sharma, The Chairman Of Rockefeller International<\/a><\/p>\n","post_title":"Bullish On Bitcoin, It's Trading At A Discount - Bloomberg Intelligence","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bullish-on-bitcoin-its-trading-at-a-discount-bloomberg-intelligence","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/ethereum-proof-of-stake-merge-set-for-mid-september\/\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/\nhttps:\/\/www.thedistributed.co\/bitcoin-will-return-ruchir-sharma-the-chairman-of-rockefeller-international\/","post_modified":"2023-04-11 00:07:57","post_modified_gmt":"2023-04-10 14:07:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7093","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
In an interview<\/a> with Bell Media, McGlone believes that cryptocurrencies will continue to outperform traditional assets with declining volatility. He hints at being bullish on Bitcoin believing will put in a bottom at, or below $20,000 similar to 2018 and 2013 before going into an upward trajectory.<\/li><\/ul>\n\n\n\n
McGlone hinted at Ethereum becoming a large part of the financial system as the merge<\/a> approaches due to its ability to make tokenized assets<\/a> readily accessible to the public just like ETFs had done with traditional assets.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Will Return \u2013 Ruchir Sharma, The Chairman Of Rockefeller International<\/a><\/p>\n","post_title":"Bullish On Bitcoin, It's Trading At A Discount - Bloomberg Intelligence","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bullish-on-bitcoin-its-trading-at-a-discount-bloomberg-intelligence","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/ethereum-proof-of-stake-merge-set-for-mid-september\/\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/\nhttps:\/\/www.thedistributed.co\/bitcoin-will-return-ruchir-sharma-the-chairman-of-rockefeller-international\/","post_modified":"2023-04-11 00:07:57","post_modified_gmt":"2023-04-10 14:07:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7093","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
$\""Too$
Bitcoin Price Data. Source: Bloomberg Intelligence<\/figcaption><\/figure>\n\n\n\n
In an interview<\/a> with Bell Media, McGlone believes that cryptocurrencies will continue to outperform traditional assets with declining volatility. He hints at being bullish on Bitcoin believing will put in a bottom at, or below $20,000 similar to 2018 and 2013 before going into an upward trajectory.<\/li><\/ul>\n\n\n\n
McGlone hinted at Ethereum becoming a large part of the financial system as the merge<\/a> approaches due to its ability to make tokenized assets<\/a> readily accessible to the public just like ETFs had done with traditional assets.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Will Return \u2013 Ruchir Sharma, The Chairman Of Rockefeller International<\/a><\/p>\n","post_title":"Bullish On Bitcoin, It's Trading At A Discount - Bloomberg Intelligence","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bullish-on-bitcoin-its-trading-at-a-discount-bloomberg-intelligence","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/ethereum-proof-of-stake-merge-set-for-mid-september\/\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/\nhttps:\/\/www.thedistributed.co\/bitcoin-will-return-ruchir-sharma-the-chairman-of-rockefeller-international\/","post_modified":"2023-04-11 00:07:57","post_modified_gmt":"2023-04-10 14:07:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7093","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
Price data from 2018-19 was compared to price data from today showing a similar benchmark where \"Bitcoin is at a discount within an elongated bull market.\"<\/li><\/ul>\n\n\n\n
$\""Too$
Bitcoin Price Data. Source: Bloomberg Intelligence<\/figcaption><\/figure>\n\n\n\n
In an interview<\/a> with Bell Media, McGlone believes that cryptocurrencies will continue to outperform traditional assets with declining volatility. He hints at being bullish on Bitcoin believing will put in a bottom at, or below $20,000 similar to 2018 and 2013 before going into an upward trajectory.<\/li><\/ul>\n\n\n\n
McGlone hinted at Ethereum becoming a large part of the financial system as the merge<\/a> approaches due to its ability to make tokenized assets<\/a> readily accessible to the public just like ETFs had done with traditional assets.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Will Return \u2013 Ruchir Sharma, The Chairman Of Rockefeller International<\/a><\/p>\n","post_title":"Bullish On Bitcoin, It's Trading At A Discount - Bloomberg Intelligence","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bullish-on-bitcoin-its-trading-at-a-discount-bloomberg-intelligence","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/ethereum-proof-of-stake-merge-set-for-mid-september\/\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/\nhttps:\/\/www.thedistributed.co\/bitcoin-will-return-ruchir-sharma-the-chairman-of-rockefeller-international\/","post_modified":"2023-04-11 00:07:57","post_modified_gmt":"2023-04-10 14:07:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7093","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
A key indicator that had encouraged the Fed's fight against inflation was the soar in energy prices. This pressured high-risk assets, namely cryptocurrencies, and once the dust settles from recent events crypto prices will start to \"bouy\" as \u201ccrude oil decline may fuel Bitcoin recovery.\u201d Reuters recently reported<\/a> that the Strategic Petroleum Reserve (SPR) fell to its lowest level in more than 35 years.<\/li><\/ul>\n\n\n\n
Price data from 2018-19 was compared to price data from today showing a similar benchmark where \"Bitcoin is at a discount within an elongated bull market.\"<\/li><\/ul>\n\n\n\n
$\""Too$
Bitcoin Price Data. Source: Bloomberg Intelligence<\/figcaption><\/figure>\n\n\n\n
In an interview<\/a> with Bell Media, McGlone believes that cryptocurrencies will continue to outperform traditional assets with declining volatility. He hints at being bullish on Bitcoin believing will put in a bottom at, or below $20,000 similar to 2018 and 2013 before going into an upward trajectory.<\/li><\/ul>\n\n\n\n
McGlone hinted at Ethereum becoming a large part of the financial system as the merge<\/a> approaches due to its ability to make tokenized assets<\/a> readily accessible to the public just like ETFs had done with traditional assets.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Will Return \u2013 Ruchir Sharma, The Chairman Of Rockefeller International<\/a><\/p>\n","post_title":"Bullish On Bitcoin, It's Trading At A Discount - Bloomberg Intelligence","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bullish-on-bitcoin-its-trading-at-a-discount-bloomberg-intelligence","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/ethereum-proof-of-stake-merge-set-for-mid-september\/\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/\nhttps:\/\/www.thedistributed.co\/bitcoin-will-return-ruchir-sharma-the-chairman-of-rockefeller-international\/","post_modified":"2023-04-11 00:07:57","post_modified_gmt":"2023-04-10 14:07:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7093","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
In one tweet McGlone outlined his September Crypto Outlook<\/a><\/em> where he believes that the world is leaning towards a recession in light of recent events including the tightening of interest rates by the Federal Reserve.<\/li><\/ul>\n\n\n\n
A key indicator that had encouraged the Fed's fight against inflation was the soar in energy prices. This pressured high-risk assets, namely cryptocurrencies, and once the dust settles from recent events crypto prices will start to \"bouy\" as \u201ccrude oil decline may fuel Bitcoin recovery.\u201d Reuters recently reported<\/a> that the Strategic Petroleum Reserve (SPR) fell to its lowest level in more than 35 years.<\/li><\/ul>\n\n\n\n
Price data from 2018-19 was compared to price data from today showing a similar benchmark where \"Bitcoin is at a discount within an elongated bull market.\"<\/li><\/ul>\n\n\n\n
$\""Too$
Bitcoin Price Data. Source: Bloomberg Intelligence<\/figcaption><\/figure>\n\n\n\n
In an interview<\/a> with Bell Media, McGlone believes that cryptocurrencies will continue to outperform traditional assets with declining volatility. He hints at being bullish on Bitcoin believing will put in a bottom at, or below $20,000 similar to 2018 and 2013 before going into an upward trajectory.<\/li><\/ul>\n\n\n\n
McGlone hinted at Ethereum becoming a large part of the financial system as the merge<\/a> approaches due to its ability to make tokenized assets<\/a> readily accessible to the public just like ETFs had done with traditional assets.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Will Return \u2013 Ruchir Sharma, The Chairman Of Rockefeller International<\/a><\/p>\n","post_title":"Bullish On Bitcoin, It's Trading At A Discount - Bloomberg Intelligence","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bullish-on-bitcoin-its-trading-at-a-discount-bloomberg-intelligence","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/ethereum-proof-of-stake-merge-set-for-mid-september\/\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/\nhttps:\/\/www.thedistributed.co\/bitcoin-will-return-ruchir-sharma-the-chairman-of-rockefeller-international\/","post_modified":"2023-04-11 00:07:57","post_modified_gmt":"2023-04-10 14:07:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7093","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

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ADVERTISEMENT

\n
Mike McGlone is a senior strategist at Bloomberg Intelligence, has recently shared multiple on Twitter discussing various commodities and concerns related to the current state of markets worldwide.<\/p>\n\n\n\n
In one tweet McGlone outlined his September Crypto Outlook<\/a><\/em> where he believes that the world is leaning towards a recession in light of recent events including the tightening of interest rates by the Federal Reserve.<\/li><\/ul>\n\n\n\n
A key indicator that had encouraged the Fed's fight against inflation was the soar in energy prices. This pressured high-risk assets, namely cryptocurrencies, and once the dust settles from recent events crypto prices will start to \"bouy\" as \u201ccrude oil decline may fuel Bitcoin recovery.\u201d Reuters recently reported<\/a> that the Strategic Petroleum Reserve (SPR) fell to its lowest level in more than 35 years.<\/li><\/ul>\n\n\n\n
Price data from 2018-19 was compared to price data from today showing a similar benchmark where \"Bitcoin is at a discount within an elongated bull market.\"<\/li><\/ul>\n\n\n\n
$\""Too$
Bitcoin Price Data. Source: Bloomberg Intelligence<\/figcaption><\/figure>\n\n\n\n
In an interview<\/a> with Bell Media, McGlone believes that cryptocurrencies will continue to outperform traditional assets with declining volatility. He hints at being bullish on Bitcoin believing will put in a bottom at, or below $20,000 similar to 2018 and 2013 before going into an upward trajectory.<\/li><\/ul>\n\n\n\n
McGlone hinted at Ethereum becoming a large part of the financial system as the merge<\/a> approaches due to its ability to make tokenized assets<\/a> readily accessible to the public just like ETFs had done with traditional assets.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Will Return \u2013 Ruchir Sharma, The Chairman Of Rockefeller International<\/a><\/p>\n","post_title":"Bullish On Bitcoin, It's Trading At A Discount - Bloomberg Intelligence","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bullish-on-bitcoin-its-trading-at-a-discount-bloomberg-intelligence","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/ethereum-proof-of-stake-merge-set-for-mid-september\/\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/\nhttps:\/\/www.thedistributed.co\/bitcoin-will-return-ruchir-sharma-the-chairman-of-rockefeller-international\/","post_modified":"2023-04-11 00:07:57","post_modified_gmt":"2023-04-10 14:07:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7093","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

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ADVERTISEMENT

\n
$\"Benjamin$
Benjamin Cowen Illustrating The Bitcoin Percentage Of Supply In Profit And Loss Metric Source: YouTube\/Kitco News<\/em><\/figcaption><\/figure>\n","post_title":"Bitcoins Bottom Is Likely In, Crypto Analyst Benjamin Cowen","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoins-bottom-is-likely-in-crypto-analyst-benjamin-cowen","to_ping":"","pinged":"","post_modified":"2023-04-11 00:07:43","post_modified_gmt":"2023-04-10 14:07:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7107","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7093,"post_author":"1","post_date":"2022-09-11 19:27:57","post_date_gmt":"2022-09-11 09:27:57","post_content":"\n
Mike McGlone is a senior strategist at Bloomberg Intelligence, has recently shared multiple on Twitter discussing various commodities and concerns related to the current state of markets worldwide.<\/p>\n\n\n\n
In one tweet McGlone outlined his September Crypto Outlook<\/a><\/em> where he believes that the world is leaning towards a recession in light of recent events including the tightening of interest rates by the Federal Reserve.<\/li><\/ul>\n\n\n\n
A key indicator that had encouraged the Fed's fight against inflation was the soar in energy prices. This pressured high-risk assets, namely cryptocurrencies, and once the dust settles from recent events crypto prices will start to \"bouy\" as \u201ccrude oil decline may fuel Bitcoin recovery.\u201d Reuters recently reported<\/a> that the Strategic Petroleum Reserve (SPR) fell to its lowest level in more than 35 years.<\/li><\/ul>\n\n\n\n
Price data from 2018-19 was compared to price data from today showing a similar benchmark where \"Bitcoin is at a discount within an elongated bull market.\"<\/li><\/ul>\n\n\n\n
$\""Too$
Bitcoin Price Data. Source: Bloomberg Intelligence<\/figcaption><\/figure>\n\n\n\n
In an interview<\/a> with Bell Media, McGlone believes that cryptocurrencies will continue to outperform traditional assets with declining volatility. He hints at being bullish on Bitcoin believing will put in a bottom at, or below $20,000 similar to 2018 and 2013 before going into an upward trajectory.<\/li><\/ul>\n\n\n\n
McGlone hinted at Ethereum becoming a large part of the financial system as the merge<\/a> approaches due to its ability to make tokenized assets<\/a> readily accessible to the public just like ETFs had done with traditional assets.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Will Return \u2013 Ruchir Sharma, The Chairman Of Rockefeller International<\/a><\/p>\n","post_title":"Bullish On Bitcoin, It's Trading At A Discount - Bloomberg Intelligence","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bullish-on-bitcoin-its-trading-at-a-discount-bloomberg-intelligence","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/ethereum-proof-of-stake-merge-set-for-mid-september\/\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/\nhttps:\/\/www.thedistributed.co\/bitcoin-will-return-ruchir-sharma-the-chairman-of-rockefeller-international\/","post_modified":"2023-04-11 00:07:57","post_modified_gmt":"2023-04-10 14:07:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7093","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 15 16 17 18 19 … 41 Next

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Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

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ADVERTISEMENT

\n
See Related:<\/em><\/strong> Bullish On Bitcoin, It\u2019s Trading At A Discount \u2013 Bloomberg Intelligence<\/a><\/p>\n\n\n\n
$\"Benjamin$
Benjamin Cowen Illustrating The Bitcoin Percentage Of Supply In Profit And Loss Metric Source: YouTube\/Kitco News<\/em><\/figcaption><\/figure>\n","post_title":"Bitcoins Bottom Is Likely In, Crypto Analyst Benjamin Cowen","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoins-bottom-is-likely-in-crypto-analyst-benjamin-cowen","to_ping":"","pinged":"","post_modified":"2023-04-11 00:07:43","post_modified_gmt":"2023-04-10 14:07:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7107","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7093,"post_author":"1","post_date":"2022-09-11 19:27:57","post_date_gmt":"2022-09-11 09:27:57","post_content":"\n
Mike McGlone is a senior strategist at Bloomberg Intelligence, has recently shared multiple on Twitter discussing various commodities and concerns related to the current state of markets worldwide.<\/p>\n\n\n\n
In one tweet McGlone outlined his September Crypto Outlook<\/a><\/em> where he believes that the world is leaning towards a recession in light of recent events including the tightening of interest rates by the Federal Reserve.<\/li><\/ul>\n\n\n\n
A key indicator that had encouraged the Fed's fight against inflation was the soar in energy prices. This pressured high-risk assets, namely cryptocurrencies, and once the dust settles from recent events crypto prices will start to \"bouy\" as \u201ccrude oil decline may fuel Bitcoin recovery.\u201d Reuters recently reported<\/a> that the Strategic Petroleum Reserve (SPR) fell to its lowest level in more than 35 years.<\/li><\/ul>\n\n\n\n
Price data from 2018-19 was compared to price data from today showing a similar benchmark where \"Bitcoin is at a discount within an elongated bull market.\"<\/li><\/ul>\n\n\n\n
$\""Too$
Bitcoin Price Data. Source: Bloomberg Intelligence<\/figcaption><\/figure>\n\n\n\n
In an interview<\/a> with Bell Media, McGlone believes that cryptocurrencies will continue to outperform traditional assets with declining volatility. He hints at being bullish on Bitcoin believing will put in a bottom at, or below $20,000 similar to 2018 and 2013 before going into an upward trajectory.<\/li><\/ul>\n\n\n\n
McGlone hinted at Ethereum becoming a large part of the financial system as the merge<\/a> approaches due to its ability to make tokenized assets<\/a> readily accessible to the public just like ETFs had done with traditional assets.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Will Return \u2013 Ruchir Sharma, The Chairman Of Rockefeller International<\/a><\/p>\n","post_title":"Bullish On Bitcoin, It's Trading At A Discount - Bloomberg Intelligence","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bullish-on-bitcoin-its-trading-at-a-discount-bloomberg-intelligence","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/ethereum-proof-of-stake-merge-set-for-mid-september\/\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/\nhttps:\/\/www.thedistributed.co\/bitcoin-will-return-ruchir-sharma-the-chairman-of-rockefeller-international\/","post_modified":"2023-04-11 00:07:57","post_modified_gmt":"2023-04-10 14:07:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7093","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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Binance Coin (BNB)

December 8, 2022 - Updated on January 15, 2023

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November 24, 2024

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\n
Cowen added that they have recently just crossed each other and how the bottom typically occurs after they cross. \"When it comes up here, that\u2019s generally the time where you want to scale out when we\u2019re continuing to push those new all-time highs so to me this is an indicator that would suggest that if we did get another leg down there\u2019s a lot of evidence that could be the major bottom,\" he added.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bullish On Bitcoin, It\u2019s Trading At A Discount \u2013 Bloomberg Intelligence<\/a><\/p>\n\n\n\n
$\"Benjamin$
Benjamin Cowen Illustrating The Bitcoin Percentage Of Supply In Profit And Loss Metric Source: YouTube\/Kitco News<\/em><\/figcaption><\/figure>\n","post_title":"Bitcoins Bottom Is Likely In, Crypto Analyst Benjamin Cowen","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoins-bottom-is-likely-in-crypto-analyst-benjamin-cowen","to_ping":"","pinged":"","post_modified":"2023-04-11 00:07:43","post_modified_gmt":"2023-04-10 14:07:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7107","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7093,"post_author":"1","post_date":"2022-09-11 19:27:57","post_date_gmt":"2022-09-11 09:27:57","post_content":"\n
Mike McGlone is a senior strategist at Bloomberg Intelligence, has recently shared multiple on Twitter discussing various commodities and concerns related to the current state of markets worldwide.<\/p>\n\n\n\n
In one tweet McGlone outlined his September Crypto Outlook<\/a><\/em> where he believes that the world is leaning towards a recession in light of recent events including the tightening of interest rates by the Federal Reserve.<\/li><\/ul>\n\n\n\n
A key indicator that had encouraged the Fed's fight against inflation was the soar in energy prices. This pressured high-risk assets, namely cryptocurrencies, and once the dust settles from recent events crypto prices will start to \"bouy\" as \u201ccrude oil decline may fuel Bitcoin recovery.\u201d Reuters recently reported<\/a> that the Strategic Petroleum Reserve (SPR) fell to its lowest level in more than 35 years.<\/li><\/ul>\n\n\n\n
Price data from 2018-19 was compared to price data from today showing a similar benchmark where \"Bitcoin is at a discount within an elongated bull market.\"<\/li><\/ul>\n\n\n\n
$\""Too$
Bitcoin Price Data. Source: Bloomberg Intelligence<\/figcaption><\/figure>\n\n\n\n
In an interview<\/a> with Bell Media, McGlone believes that cryptocurrencies will continue to outperform traditional assets with declining volatility. He hints at being bullish on Bitcoin believing will put in a bottom at, or below $20,000 similar to 2018 and 2013 before going into an upward trajectory.<\/li><\/ul>\n\n\n\n
McGlone hinted at Ethereum becoming a large part of the financial system as the merge<\/a> approaches due to its ability to make tokenized assets<\/a> readily accessible to the public just like ETFs had done with traditional assets.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Will Return \u2013 Ruchir Sharma, The Chairman Of Rockefeller International<\/a><\/p>\n","post_title":"Bullish On Bitcoin, It's Trading At A Discount - Bloomberg Intelligence","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bullish-on-bitcoin-its-trading-at-a-discount-bloomberg-intelligence","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/ethereum-proof-of-stake-merge-set-for-mid-september\/\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/\nhttps:\/\/www.thedistributed.co\/bitcoin-will-return-ruchir-sharma-the-chairman-of-rockefeller-international\/","post_modified":"2023-04-11 00:07:57","post_modified_gmt":"2023-04-10 14:07:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7093","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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December 8, 2022 - Updated on January 15, 2023

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November 24, 2024

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Follow The Distributed

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ADVERTISEMENT

\n
The indicator Cowen used is the Bitcoin Percentage Of Supply In Profit And Loss<\/a>. This indicates how many Bitcoins are at a profit or loss for their holders. Looking at the chart from a widened perspective Cowen shows how this metric has accompanied tops and bottoms over the long term.<\/li><\/ul>\n\n\n\n
Cowen added that they have recently just crossed each other and how the bottom typically occurs after they cross. \"When it comes up here, that\u2019s generally the time where you want to scale out when we\u2019re continuing to push those new all-time highs so to me this is an indicator that would suggest that if we did get another leg down there\u2019s a lot of evidence that could be the major bottom,\" he added.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bullish On Bitcoin, It\u2019s Trading At A Discount \u2013 Bloomberg Intelligence<\/a><\/p>\n\n\n\n
$\"Benjamin$
Benjamin Cowen Illustrating The Bitcoin Percentage Of Supply In Profit And Loss Metric Source: YouTube\/Kitco News<\/em><\/figcaption><\/figure>\n","post_title":"Bitcoins Bottom Is Likely In, Crypto Analyst Benjamin Cowen","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoins-bottom-is-likely-in-crypto-analyst-benjamin-cowen","to_ping":"","pinged":"","post_modified":"2023-04-11 00:07:43","post_modified_gmt":"2023-04-10 14:07:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7107","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7093,"post_author":"1","post_date":"2022-09-11 19:27:57","post_date_gmt":"2022-09-11 09:27:57","post_content":"\n
Mike McGlone is a senior strategist at Bloomberg Intelligence, has recently shared multiple on Twitter discussing various commodities and concerns related to the current state of markets worldwide.<\/p>\n\n\n\n
In one tweet McGlone outlined his September Crypto Outlook<\/a><\/em> where he believes that the world is leaning towards a recession in light of recent events including the tightening of interest rates by the Federal Reserve.<\/li><\/ul>\n\n\n\n
A key indicator that had encouraged the Fed's fight against inflation was the soar in energy prices. This pressured high-risk assets, namely cryptocurrencies, and once the dust settles from recent events crypto prices will start to \"bouy\" as \u201ccrude oil decline may fuel Bitcoin recovery.\u201d Reuters recently reported<\/a> that the Strategic Petroleum Reserve (SPR) fell to its lowest level in more than 35 years.<\/li><\/ul>\n\n\n\n
Price data from 2018-19 was compared to price data from today showing a similar benchmark where \"Bitcoin is at a discount within an elongated bull market.\"<\/li><\/ul>\n\n\n\n
$\""Too$
Bitcoin Price Data. Source: Bloomberg Intelligence<\/figcaption><\/figure>\n\n\n\n
In an interview<\/a> with Bell Media, McGlone believes that cryptocurrencies will continue to outperform traditional assets with declining volatility. He hints at being bullish on Bitcoin believing will put in a bottom at, or below $20,000 similar to 2018 and 2013 before going into an upward trajectory.<\/li><\/ul>\n\n\n\n
McGlone hinted at Ethereum becoming a large part of the financial system as the merge<\/a> approaches due to its ability to make tokenized assets<\/a> readily accessible to the public just like ETFs had done with traditional assets.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Will Return \u2013 Ruchir Sharma, The Chairman Of Rockefeller International<\/a><\/p>\n","post_title":"Bullish On Bitcoin, It's Trading At A Discount - Bloomberg Intelligence","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bullish-on-bitcoin-its-trading-at-a-discount-bloomberg-intelligence","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/ethereum-proof-of-stake-merge-set-for-mid-september\/\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/\nhttps:\/\/www.thedistributed.co\/bitcoin-will-return-ruchir-sharma-the-chairman-of-rockefeller-international\/","post_modified":"2023-04-11 00:07:57","post_modified_gmt":"2023-04-10 14:07:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7093","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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Binance Coin (BNB)

December 8, 2022 - Updated on January 15, 2023

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November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

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ADVERTISEMENT

\n
Cowen was recently featured<\/a> on Kitco News where he discussed his use of the metric. \"One of the interesting things about this chart is that historically, Bitcoin does not bottom until after they cross,\" he stated.<\/li><\/ul>\n\n\n\n
The indicator Cowen used is the Bitcoin Percentage Of Supply In Profit And Loss<\/a>. This indicates how many Bitcoins are at a profit or loss for their holders. Looking at the chart from a widened perspective Cowen shows how this metric has accompanied tops and bottoms over the long term.<\/li><\/ul>\n\n\n\n
Cowen added that they have recently just crossed each other and how the bottom typically occurs after they cross. \"When it comes up here, that\u2019s generally the time where you want to scale out when we\u2019re continuing to push those new all-time highs so to me this is an indicator that would suggest that if we did get another leg down there\u2019s a lot of evidence that could be the major bottom,\" he added.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bullish On Bitcoin, It\u2019s Trading At A Discount \u2013 Bloomberg Intelligence<\/a><\/p>\n\n\n\n
$\"Benjamin$
Benjamin Cowen Illustrating The Bitcoin Percentage Of Supply In Profit And Loss Metric Source: YouTube\/Kitco News<\/em><\/figcaption><\/figure>\n","post_title":"Bitcoins Bottom Is Likely In, Crypto Analyst Benjamin Cowen","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoins-bottom-is-likely-in-crypto-analyst-benjamin-cowen","to_ping":"","pinged":"","post_modified":"2023-04-11 00:07:43","post_modified_gmt":"2023-04-10 14:07:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7107","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7093,"post_author":"1","post_date":"2022-09-11 19:27:57","post_date_gmt":"2022-09-11 09:27:57","post_content":"\n
Mike McGlone is a senior strategist at Bloomberg Intelligence, has recently shared multiple on Twitter discussing various commodities and concerns related to the current state of markets worldwide.<\/p>\n\n\n\n
In one tweet McGlone outlined his September Crypto Outlook<\/a><\/em> where he believes that the world is leaning towards a recession in light of recent events including the tightening of interest rates by the Federal Reserve.<\/li><\/ul>\n\n\n\n
A key indicator that had encouraged the Fed's fight against inflation was the soar in energy prices. This pressured high-risk assets, namely cryptocurrencies, and once the dust settles from recent events crypto prices will start to \"bouy\" as \u201ccrude oil decline may fuel Bitcoin recovery.\u201d Reuters recently reported<\/a> that the Strategic Petroleum Reserve (SPR) fell to its lowest level in more than 35 years.<\/li><\/ul>\n\n\n\n
Price data from 2018-19 was compared to price data from today showing a similar benchmark where \"Bitcoin is at a discount within an elongated bull market.\"<\/li><\/ul>\n\n\n\n
$\""Too$
Bitcoin Price Data. Source: Bloomberg Intelligence<\/figcaption><\/figure>\n\n\n\n
In an interview<\/a> with Bell Media, McGlone believes that cryptocurrencies will continue to outperform traditional assets with declining volatility. He hints at being bullish on Bitcoin believing will put in a bottom at, or below $20,000 similar to 2018 and 2013 before going into an upward trajectory.<\/li><\/ul>\n\n\n\n
McGlone hinted at Ethereum becoming a large part of the financial system as the merge<\/a> approaches due to its ability to make tokenized assets<\/a> readily accessible to the public just like ETFs had done with traditional assets.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Will Return \u2013 Ruchir Sharma, The Chairman Of Rockefeller International<\/a><\/p>\n","post_title":"Bullish On Bitcoin, It's Trading At A Discount - Bloomberg Intelligence","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bullish-on-bitcoin-its-trading-at-a-discount-bloomberg-intelligence","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/ethereum-proof-of-stake-merge-set-for-mid-september\/\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/\nhttps:\/\/www.thedistributed.co\/bitcoin-will-return-ruchir-sharma-the-chairman-of-rockefeller-international\/","post_modified":"2023-04-11 00:07:57","post_modified_gmt":"2023-04-10 14:07:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7093","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 15 16 17 18 19 … 41 Next

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December 8, 2022 - Updated on January 15, 2023

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November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

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ADVERTISEMENT

\n
Benjamin Cowen<\/a> is a well-regarded crypto analyst, using a historically accurate indicator he has found it likely that Bitcoin has hit its bottom or is very close to doing so.<\/p>\n\n\n\n
Cowen was recently featured<\/a> on Kitco News where he discussed his use of the metric. \"One of the interesting things about this chart is that historically, Bitcoin does not bottom until after they cross,\" he stated.<\/li><\/ul>\n\n\n\n
The indicator Cowen used is the Bitcoin Percentage Of Supply In Profit And Loss<\/a>. This indicates how many Bitcoins are at a profit or loss for their holders. Looking at the chart from a widened perspective Cowen shows how this metric has accompanied tops and bottoms over the long term.<\/li><\/ul>\n\n\n\n
Cowen added that they have recently just crossed each other and how the bottom typically occurs after they cross. \"When it comes up here, that\u2019s generally the time where you want to scale out when we\u2019re continuing to push those new all-time highs so to me this is an indicator that would suggest that if we did get another leg down there\u2019s a lot of evidence that could be the major bottom,\" he added.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bullish On Bitcoin, It\u2019s Trading At A Discount \u2013 Bloomberg Intelligence<\/a><\/p>\n\n\n\n
$\"Benjamin$
Benjamin Cowen Illustrating The Bitcoin Percentage Of Supply In Profit And Loss Metric Source: YouTube\/Kitco News<\/em><\/figcaption><\/figure>\n","post_title":"Bitcoins Bottom Is Likely In, Crypto Analyst Benjamin Cowen","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoins-bottom-is-likely-in-crypto-analyst-benjamin-cowen","to_ping":"","pinged":"","post_modified":"2023-04-11 00:07:43","post_modified_gmt":"2023-04-10 14:07:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7107","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7093,"post_author":"1","post_date":"2022-09-11 19:27:57","post_date_gmt":"2022-09-11 09:27:57","post_content":"\n
Mike McGlone is a senior strategist at Bloomberg Intelligence, has recently shared multiple on Twitter discussing various commodities and concerns related to the current state of markets worldwide.<\/p>\n\n\n\n
In one tweet McGlone outlined his September Crypto Outlook<\/a><\/em> where he believes that the world is leaning towards a recession in light of recent events including the tightening of interest rates by the Federal Reserve.<\/li><\/ul>\n\n\n\n
A key indicator that had encouraged the Fed's fight against inflation was the soar in energy prices. This pressured high-risk assets, namely cryptocurrencies, and once the dust settles from recent events crypto prices will start to \"bouy\" as \u201ccrude oil decline may fuel Bitcoin recovery.\u201d Reuters recently reported<\/a> that the Strategic Petroleum Reserve (SPR) fell to its lowest level in more than 35 years.<\/li><\/ul>\n\n\n\n
Price data from 2018-19 was compared to price data from today showing a similar benchmark where \"Bitcoin is at a discount within an elongated bull market.\"<\/li><\/ul>\n\n\n\n
$\""Too$
Bitcoin Price Data. Source: Bloomberg Intelligence<\/figcaption><\/figure>\n\n\n\n
In an interview<\/a> with Bell Media, McGlone believes that cryptocurrencies will continue to outperform traditional assets with declining volatility. He hints at being bullish on Bitcoin believing will put in a bottom at, or below $20,000 similar to 2018 and 2013 before going into an upward trajectory.<\/li><\/ul>\n\n\n\n
McGlone hinted at Ethereum becoming a large part of the financial system as the merge<\/a> approaches due to its ability to make tokenized assets<\/a> readily accessible to the public just like ETFs had done with traditional assets.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Will Return \u2013 Ruchir Sharma, The Chairman Of Rockefeller International<\/a><\/p>\n","post_title":"Bullish On Bitcoin, It's Trading At A Discount - Bloomberg Intelligence","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bullish-on-bitcoin-its-trading-at-a-discount-bloomberg-intelligence","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/ethereum-proof-of-stake-merge-set-for-mid-september\/\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/\nhttps:\/\/www.thedistributed.co\/bitcoin-will-return-ruchir-sharma-the-chairman-of-rockefeller-international\/","post_modified":"2023-04-11 00:07:57","post_modified_gmt":"2023-04-10 14:07:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7093","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 15 16 17 18 19 … 41 Next

Most Read

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Binance Coin (BNB)

December 8, 2022 - Updated on January 15, 2023

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Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

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ADVERTISEMENT

\n
See Related:<\/strong><\/em> War On Code \u2013 Tornado Cash Developer Alexey Pertsev Arrested<\/a><\/p>\n","post_title":"Terra's Do Kwon Wanted For Arrest By Seoul Court","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"terras-do-kwon-wanted-for-arrest-by-seoul-court","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-30 21:31:32","post_modified_gmt":"2023-04-30 11:31:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7141","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7107,"post_author":"1","post_date":"2022-09-12 21:36:27","post_date_gmt":"2022-09-12 11:36:27","post_content":"\n
Benjamin Cowen<\/a> is a well-regarded crypto analyst, using a historically accurate indicator he has found it likely that Bitcoin has hit its bottom or is very close to doing so.<\/p>\n\n\n\n
Cowen was recently featured<\/a> on Kitco News where he discussed his use of the metric. \"One of the interesting things about this chart is that historically, Bitcoin does not bottom until after they cross,\" he stated.<\/li><\/ul>\n\n\n\n
The indicator Cowen used is the Bitcoin Percentage Of Supply In Profit And Loss<\/a>. This indicates how many Bitcoins are at a profit or loss for their holders. Looking at the chart from a widened perspective Cowen shows how this metric has accompanied tops and bottoms over the long term.<\/li><\/ul>\n\n\n\n
Cowen added that they have recently just crossed each other and how the bottom typically occurs after they cross. \"When it comes up here, that\u2019s generally the time where you want to scale out when we\u2019re continuing to push those new all-time highs so to me this is an indicator that would suggest that if we did get another leg down there\u2019s a lot of evidence that could be the major bottom,\" he added.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bullish On Bitcoin, It\u2019s Trading At A Discount \u2013 Bloomberg Intelligence<\/a><\/p>\n\n\n\n
$\"Benjamin$
Benjamin Cowen Illustrating The Bitcoin Percentage Of Supply In Profit And Loss Metric Source: YouTube\/Kitco News<\/em><\/figcaption><\/figure>\n","post_title":"Bitcoins Bottom Is Likely In, Crypto Analyst Benjamin Cowen","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoins-bottom-is-likely-in-crypto-analyst-benjamin-cowen","to_ping":"","pinged":"","post_modified":"2023-04-11 00:07:43","post_modified_gmt":"2023-04-10 14:07:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7107","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7093,"post_author":"1","post_date":"2022-09-11 19:27:57","post_date_gmt":"2022-09-11 09:27:57","post_content":"\n
Mike McGlone is a senior strategist at Bloomberg Intelligence, has recently shared multiple on Twitter discussing various commodities and concerns related to the current state of markets worldwide.<\/p>\n\n\n\n
In one tweet McGlone outlined his September Crypto Outlook<\/a><\/em> where he believes that the world is leaning towards a recession in light of recent events including the tightening of interest rates by the Federal Reserve.<\/li><\/ul>\n\n\n\n
A key indicator that had encouraged the Fed's fight against inflation was the soar in energy prices. This pressured high-risk assets, namely cryptocurrencies, and once the dust settles from recent events crypto prices will start to \"bouy\" as \u201ccrude oil decline may fuel Bitcoin recovery.\u201d Reuters recently reported<\/a> that the Strategic Petroleum Reserve (SPR) fell to its lowest level in more than 35 years.<\/li><\/ul>\n\n\n\n
Price data from 2018-19 was compared to price data from today showing a similar benchmark where \"Bitcoin is at a discount within an elongated bull market.\"<\/li><\/ul>\n\n\n\n
$\""Too$
Bitcoin Price Data. Source: Bloomberg Intelligence<\/figcaption><\/figure>\n\n\n\n
In an interview<\/a> with Bell Media, McGlone believes that cryptocurrencies will continue to outperform traditional assets with declining volatility. He hints at being bullish on Bitcoin believing will put in a bottom at, or below $20,000 similar to 2018 and 2013 before going into an upward trajectory.<\/li><\/ul>\n\n\n\n
McGlone hinted at Ethereum becoming a large part of the financial system as the merge<\/a> approaches due to its ability to make tokenized assets<\/a> readily accessible to the public just like ETFs had done with traditional assets.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Will Return \u2013 Ruchir Sharma, The Chairman Of Rockefeller International<\/a><\/p>\n","post_title":"Bullish On Bitcoin, It's Trading At A Discount - Bloomberg Intelligence","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bullish-on-bitcoin-its-trading-at-a-discount-bloomberg-intelligence","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/ethereum-proof-of-stake-merge-set-for-mid-september\/\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/\nhttps:\/\/www.thedistributed.co\/bitcoin-will-return-ruchir-sharma-the-chairman-of-rockefeller-international\/","post_modified":"2023-04-11 00:07:57","post_modified_gmt":"2023-04-10 14:07:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7093","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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Binance Coin (BNB)

December 8, 2022 - Updated on January 15, 2023

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November 24, 2024

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\n
After LUNA and sister stablecoin<\/a> UST collapsed earlier this year, investors were bought to outrage with a combined US$42B wiped out from the two coins alongside a 99.99% drop in price. In turn, investors were quick to sue Kwon and others for violating various laws and acts as rumors<\/a> were quick to spread in relation to the downfall.<\/li><\/ul>\n\n\n\n
See Related:<\/strong><\/em> War On Code \u2013 Tornado Cash Developer Alexey Pertsev Arrested<\/a><\/p>\n","post_title":"Terra's Do Kwon Wanted For Arrest By Seoul Court","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"terras-do-kwon-wanted-for-arrest-by-seoul-court","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-30 21:31:32","post_modified_gmt":"2023-04-30 11:31:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7141","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7107,"post_author":"1","post_date":"2022-09-12 21:36:27","post_date_gmt":"2022-09-12 11:36:27","post_content":"\n
Benjamin Cowen<\/a> is a well-regarded crypto analyst, using a historically accurate indicator he has found it likely that Bitcoin has hit its bottom or is very close to doing so.<\/p>\n\n\n\n
Cowen was recently featured<\/a> on Kitco News where he discussed his use of the metric. \"One of the interesting things about this chart is that historically, Bitcoin does not bottom until after they cross,\" he stated.<\/li><\/ul>\n\n\n\n
The indicator Cowen used is the Bitcoin Percentage Of Supply In Profit And Loss<\/a>. This indicates how many Bitcoins are at a profit or loss for their holders. Looking at the chart from a widened perspective Cowen shows how this metric has accompanied tops and bottoms over the long term.<\/li><\/ul>\n\n\n\n
Cowen added that they have recently just crossed each other and how the bottom typically occurs after they cross. \"When it comes up here, that\u2019s generally the time where you want to scale out when we\u2019re continuing to push those new all-time highs so to me this is an indicator that would suggest that if we did get another leg down there\u2019s a lot of evidence that could be the major bottom,\" he added.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bullish On Bitcoin, It\u2019s Trading At A Discount \u2013 Bloomberg Intelligence<\/a><\/p>\n\n\n\n
$\"Benjamin$
Benjamin Cowen Illustrating The Bitcoin Percentage Of Supply In Profit And Loss Metric Source: YouTube\/Kitco News<\/em><\/figcaption><\/figure>\n","post_title":"Bitcoins Bottom Is Likely In, Crypto Analyst Benjamin Cowen","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoins-bottom-is-likely-in-crypto-analyst-benjamin-cowen","to_ping":"","pinged":"","post_modified":"2023-04-11 00:07:43","post_modified_gmt":"2023-04-10 14:07:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7107","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7093,"post_author":"1","post_date":"2022-09-11 19:27:57","post_date_gmt":"2022-09-11 09:27:57","post_content":"\n
Mike McGlone is a senior strategist at Bloomberg Intelligence, has recently shared multiple on Twitter discussing various commodities and concerns related to the current state of markets worldwide.<\/p>\n\n\n\n
In one tweet McGlone outlined his September Crypto Outlook<\/a><\/em> where he believes that the world is leaning towards a recession in light of recent events including the tightening of interest rates by the Federal Reserve.<\/li><\/ul>\n\n\n\n
A key indicator that had encouraged the Fed's fight against inflation was the soar in energy prices. This pressured high-risk assets, namely cryptocurrencies, and once the dust settles from recent events crypto prices will start to \"bouy\" as \u201ccrude oil decline may fuel Bitcoin recovery.\u201d Reuters recently reported<\/a> that the Strategic Petroleum Reserve (SPR) fell to its lowest level in more than 35 years.<\/li><\/ul>\n\n\n\n
Price data from 2018-19 was compared to price data from today showing a similar benchmark where \"Bitcoin is at a discount within an elongated bull market.\"<\/li><\/ul>\n\n\n\n
$\""Too$
Bitcoin Price Data. Source: Bloomberg Intelligence<\/figcaption><\/figure>\n\n\n\n
In an interview<\/a> with Bell Media, McGlone believes that cryptocurrencies will continue to outperform traditional assets with declining volatility. He hints at being bullish on Bitcoin believing will put in a bottom at, or below $20,000 similar to 2018 and 2013 before going into an upward trajectory.<\/li><\/ul>\n\n\n\n
McGlone hinted at Ethereum becoming a large part of the financial system as the merge<\/a> approaches due to its ability to make tokenized assets<\/a> readily accessible to the public just like ETFs had done with traditional assets.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Will Return \u2013 Ruchir Sharma, The Chairman Of Rockefeller International<\/a><\/p>\n","post_title":"Bullish On Bitcoin, It's Trading At A Discount - Bloomberg Intelligence","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bullish-on-bitcoin-its-trading-at-a-discount-bloomberg-intelligence","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/ethereum-proof-of-stake-merge-set-for-mid-september\/\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/\nhttps:\/\/www.thedistributed.co\/bitcoin-will-return-ruchir-sharma-the-chairman-of-rockefeller-international\/","post_modified":"2023-04-11 00:07:57","post_modified_gmt":"2023-04-10 14:07:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7093","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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Binance Coin (BNB)

December 8, 2022 - Updated on January 15, 2023

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Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

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August 15, 2024

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November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

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ADVERTISEMENT

\n
Although the warrant was issued by a South Korean court, key members of Terraform Labs including Kwon and the 5 other individuals are currently located in Singapore. As a result, the warrant is valid for the next year. This comes after South Korean authorities banned<\/a> Terra Luna's main designers from leaving the country.<\/li><\/ul>\n\n\n\n
After LUNA and sister stablecoin<\/a> UST collapsed earlier this year, investors were bought to outrage with a combined US$42B wiped out from the two coins alongside a 99.99% drop in price. In turn, investors were quick to sue Kwon and others for violating various laws and acts as rumors<\/a> were quick to spread in relation to the downfall.<\/li><\/ul>\n\n\n\n
See Related:<\/strong><\/em> War On Code \u2013 Tornado Cash Developer Alexey Pertsev Arrested<\/a><\/p>\n","post_title":"Terra's Do Kwon Wanted For Arrest By Seoul Court","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"terras-do-kwon-wanted-for-arrest-by-seoul-court","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-30 21:31:32","post_modified_gmt":"2023-04-30 11:31:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7141","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7107,"post_author":"1","post_date":"2022-09-12 21:36:27","post_date_gmt":"2022-09-12 11:36:27","post_content":"\n
Benjamin Cowen<\/a> is a well-regarded crypto analyst, using a historically accurate indicator he has found it likely that Bitcoin has hit its bottom or is very close to doing so.<\/p>\n\n\n\n
Cowen was recently featured<\/a> on Kitco News where he discussed his use of the metric. \"One of the interesting things about this chart is that historically, Bitcoin does not bottom until after they cross,\" he stated.<\/li><\/ul>\n\n\n\n
The indicator Cowen used is the Bitcoin Percentage Of Supply In Profit And Loss<\/a>. This indicates how many Bitcoins are at a profit or loss for their holders. Looking at the chart from a widened perspective Cowen shows how this metric has accompanied tops and bottoms over the long term.<\/li><\/ul>\n\n\n\n
Cowen added that they have recently just crossed each other and how the bottom typically occurs after they cross. \"When it comes up here, that\u2019s generally the time where you want to scale out when we\u2019re continuing to push those new all-time highs so to me this is an indicator that would suggest that if we did get another leg down there\u2019s a lot of evidence that could be the major bottom,\" he added.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bullish On Bitcoin, It\u2019s Trading At A Discount \u2013 Bloomberg Intelligence<\/a><\/p>\n\n\n\n
$\"Benjamin$
Benjamin Cowen Illustrating The Bitcoin Percentage Of Supply In Profit And Loss Metric Source: YouTube\/Kitco News<\/em><\/figcaption><\/figure>\n","post_title":"Bitcoins Bottom Is Likely In, Crypto Analyst Benjamin Cowen","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoins-bottom-is-likely-in-crypto-analyst-benjamin-cowen","to_ping":"","pinged":"","post_modified":"2023-04-11 00:07:43","post_modified_gmt":"2023-04-10 14:07:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7107","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7093,"post_author":"1","post_date":"2022-09-11 19:27:57","post_date_gmt":"2022-09-11 09:27:57","post_content":"\n
Mike McGlone is a senior strategist at Bloomberg Intelligence, has recently shared multiple on Twitter discussing various commodities and concerns related to the current state of markets worldwide.<\/p>\n\n\n\n
In one tweet McGlone outlined his September Crypto Outlook<\/a><\/em> where he believes that the world is leaning towards a recession in light of recent events including the tightening of interest rates by the Federal Reserve.<\/li><\/ul>\n\n\n\n
A key indicator that had encouraged the Fed's fight against inflation was the soar in energy prices. This pressured high-risk assets, namely cryptocurrencies, and once the dust settles from recent events crypto prices will start to \"bouy\" as \u201ccrude oil decline may fuel Bitcoin recovery.\u201d Reuters recently reported<\/a> that the Strategic Petroleum Reserve (SPR) fell to its lowest level in more than 35 years.<\/li><\/ul>\n\n\n\n
Price data from 2018-19 was compared to price data from today showing a similar benchmark where \"Bitcoin is at a discount within an elongated bull market.\"<\/li><\/ul>\n\n\n\n
$\""Too$
Bitcoin Price Data. Source: Bloomberg Intelligence<\/figcaption><\/figure>\n\n\n\n
In an interview<\/a> with Bell Media, McGlone believes that cryptocurrencies will continue to outperform traditional assets with declining volatility. He hints at being bullish on Bitcoin believing will put in a bottom at, or below $20,000 similar to 2018 and 2013 before going into an upward trajectory.<\/li><\/ul>\n\n\n\n
McGlone hinted at Ethereum becoming a large part of the financial system as the merge<\/a> approaches due to its ability to make tokenized assets<\/a> readily accessible to the public just like ETFs had done with traditional assets.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Will Return \u2013 Ruchir Sharma, The Chairman Of Rockefeller International<\/a><\/p>\n","post_title":"Bullish On Bitcoin, It's Trading At A Discount - Bloomberg Intelligence","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bullish-on-bitcoin-its-trading-at-a-discount-bloomberg-intelligence","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/ethereum-proof-of-stake-merge-set-for-mid-september\/\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/\nhttps:\/\/www.thedistributed.co\/bitcoin-will-return-ruchir-sharma-the-chairman-of-rockefeller-international\/","post_modified":"2023-04-11 00:07:57","post_modified_gmt":"2023-04-10 14:07:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7093","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 15 16 17 18 19 … 41 Next

Most Read

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Binance Coin (BNB)

December 8, 2022 - Updated on January 15, 2023

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

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August 15, 2024

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November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

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ADVERTISEMENT

\n
A report<\/a> from South Korean news outlet Chosun Ilbo details that there were an additional 5 arrest warrants laid out. This includes Nicholas Platias, a founding member of Terraform Labs, and Han Mo, an employee. The charges being faced are for violating the Capital Markets Act. As prosecutors believe that Terra Luna falls under an \u201cinvestment contract security\u201d.<\/li><\/ul>\n\n\n\n
Although the warrant was issued by a South Korean court, key members of Terraform Labs including Kwon and the 5 other individuals are currently located in Singapore. As a result, the warrant is valid for the next year. This comes after South Korean authorities banned<\/a> Terra Luna's main designers from leaving the country.<\/li><\/ul>\n\n\n\n
After LUNA and sister stablecoin<\/a> UST collapsed earlier this year, investors were bought to outrage with a combined US$42B wiped out from the two coins alongside a 99.99% drop in price. In turn, investors were quick to sue Kwon and others for violating various laws and acts as rumors<\/a> were quick to spread in relation to the downfall.<\/li><\/ul>\n\n\n\n
See Related:<\/strong><\/em> War On Code \u2013 Tornado Cash Developer Alexey Pertsev Arrested<\/a><\/p>\n","post_title":"Terra's Do Kwon Wanted For Arrest By Seoul Court","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"terras-do-kwon-wanted-for-arrest-by-seoul-court","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-30 21:31:32","post_modified_gmt":"2023-04-30 11:31:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7141","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7107,"post_author":"1","post_date":"2022-09-12 21:36:27","post_date_gmt":"2022-09-12 11:36:27","post_content":"\n
Benjamin Cowen<\/a> is a well-regarded crypto analyst, using a historically accurate indicator he has found it likely that Bitcoin has hit its bottom or is very close to doing so.<\/p>\n\n\n\n
Cowen was recently featured<\/a> on Kitco News where he discussed his use of the metric. \"One of the interesting things about this chart is that historically, Bitcoin does not bottom until after they cross,\" he stated.<\/li><\/ul>\n\n\n\n
The indicator Cowen used is the Bitcoin Percentage Of Supply In Profit And Loss<\/a>. This indicates how many Bitcoins are at a profit or loss for their holders. Looking at the chart from a widened perspective Cowen shows how this metric has accompanied tops and bottoms over the long term.<\/li><\/ul>\n\n\n\n
Cowen added that they have recently just crossed each other and how the bottom typically occurs after they cross. \"When it comes up here, that\u2019s generally the time where you want to scale out when we\u2019re continuing to push those new all-time highs so to me this is an indicator that would suggest that if we did get another leg down there\u2019s a lot of evidence that could be the major bottom,\" he added.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bullish On Bitcoin, It\u2019s Trading At A Discount \u2013 Bloomberg Intelligence<\/a><\/p>\n\n\n\n
$\"Benjamin$
Benjamin Cowen Illustrating The Bitcoin Percentage Of Supply In Profit And Loss Metric Source: YouTube\/Kitco News<\/em><\/figcaption><\/figure>\n","post_title":"Bitcoins Bottom Is Likely In, Crypto Analyst Benjamin Cowen","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoins-bottom-is-likely-in-crypto-analyst-benjamin-cowen","to_ping":"","pinged":"","post_modified":"2023-04-11 00:07:43","post_modified_gmt":"2023-04-10 14:07:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7107","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7093,"post_author":"1","post_date":"2022-09-11 19:27:57","post_date_gmt":"2022-09-11 09:27:57","post_content":"\n
Mike McGlone is a senior strategist at Bloomberg Intelligence, has recently shared multiple on Twitter discussing various commodities and concerns related to the current state of markets worldwide.<\/p>\n\n\n\n
In one tweet McGlone outlined his September Crypto Outlook<\/a><\/em> where he believes that the world is leaning towards a recession in light of recent events including the tightening of interest rates by the Federal Reserve.<\/li><\/ul>\n\n\n\n
A key indicator that had encouraged the Fed's fight against inflation was the soar in energy prices. This pressured high-risk assets, namely cryptocurrencies, and once the dust settles from recent events crypto prices will start to \"bouy\" as \u201ccrude oil decline may fuel Bitcoin recovery.\u201d Reuters recently reported<\/a> that the Strategic Petroleum Reserve (SPR) fell to its lowest level in more than 35 years.<\/li><\/ul>\n\n\n\n
Price data from 2018-19 was compared to price data from today showing a similar benchmark where \"Bitcoin is at a discount within an elongated bull market.\"<\/li><\/ul>\n\n\n\n
$\""Too$
Bitcoin Price Data. Source: Bloomberg Intelligence<\/figcaption><\/figure>\n\n\n\n
In an interview<\/a> with Bell Media, McGlone believes that cryptocurrencies will continue to outperform traditional assets with declining volatility. He hints at being bullish on Bitcoin believing will put in a bottom at, or below $20,000 similar to 2018 and 2013 before going into an upward trajectory.<\/li><\/ul>\n\n\n\n
McGlone hinted at Ethereum becoming a large part of the financial system as the merge<\/a> approaches due to its ability to make tokenized assets<\/a> readily accessible to the public just like ETFs had done with traditional assets.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Will Return \u2013 Ruchir Sharma, The Chairman Of Rockefeller International<\/a><\/p>\n","post_title":"Bullish On Bitcoin, It's Trading At A Discount - Bloomberg Intelligence","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bullish-on-bitcoin-its-trading-at-a-discount-bloomberg-intelligence","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/ethereum-proof-of-stake-merge-set-for-mid-september\/\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/\nhttps:\/\/www.thedistributed.co\/bitcoin-will-return-ruchir-sharma-the-chairman-of-rockefeller-international\/","post_modified":"2023-04-11 00:07:57","post_modified_gmt":"2023-04-10 14:07:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7093","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 15 16 17 18 19 … 41 Next

Most Read

The Coins

Binance Coin (BNB)

December 8, 2022 - Updated on January 15, 2023

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Do Kwon, co-founder of Terraform Labs has been issued an arrest warrant by a South Korean court in the wake of Terra Luna's collapse<\/a> earlier this year.<\/p>\n\n\n\n
A report<\/a> from South Korean news outlet Chosun Ilbo details that there were an additional 5 arrest warrants laid out. This includes Nicholas Platias, a founding member of Terraform Labs, and Han Mo, an employee. The charges being faced are for violating the Capital Markets Act. As prosecutors believe that Terra Luna falls under an \u201cinvestment contract security\u201d.<\/li><\/ul>\n\n\n\n
Although the warrant was issued by a South Korean court, key members of Terraform Labs including Kwon and the 5 other individuals are currently located in Singapore. As a result, the warrant is valid for the next year. This comes after South Korean authorities banned<\/a> Terra Luna's main designers from leaving the country.<\/li><\/ul>\n\n\n\n
After LUNA and sister stablecoin<\/a> UST collapsed earlier this year, investors were bought to outrage with a combined US$42B wiped out from the two coins alongside a 99.99% drop in price. In turn, investors were quick to sue Kwon and others for violating various laws and acts as rumors<\/a> were quick to spread in relation to the downfall.<\/li><\/ul>\n\n\n\n
See Related:<\/strong><\/em> War On Code \u2013 Tornado Cash Developer Alexey Pertsev Arrested<\/a><\/p>\n","post_title":"Terra's Do Kwon Wanted For Arrest By Seoul Court","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"terras-do-kwon-wanted-for-arrest-by-seoul-court","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-30 21:31:32","post_modified_gmt":"2023-04-30 11:31:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7141","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7107,"post_author":"1","post_date":"2022-09-12 21:36:27","post_date_gmt":"2022-09-12 11:36:27","post_content":"\n
Benjamin Cowen<\/a> is a well-regarded crypto analyst, using a historically accurate indicator he has found it likely that Bitcoin has hit its bottom or is very close to doing so.<\/p>\n\n\n\n
Cowen was recently featured<\/a> on Kitco News where he discussed his use of the metric. \"One of the interesting things about this chart is that historically, Bitcoin does not bottom until after they cross,\" he stated.<\/li><\/ul>\n\n\n\n
The indicator Cowen used is the Bitcoin Percentage Of Supply In Profit And Loss<\/a>. This indicates how many Bitcoins are at a profit or loss for their holders. Looking at the chart from a widened perspective Cowen shows how this metric has accompanied tops and bottoms over the long term.<\/li><\/ul>\n\n\n\n
Cowen added that they have recently just crossed each other and how the bottom typically occurs after they cross. \"When it comes up here, that\u2019s generally the time where you want to scale out when we\u2019re continuing to push those new all-time highs so to me this is an indicator that would suggest that if we did get another leg down there\u2019s a lot of evidence that could be the major bottom,\" he added.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bullish On Bitcoin, It\u2019s Trading At A Discount \u2013 Bloomberg Intelligence<\/a><\/p>\n\n\n\n
$\"Benjamin$
Benjamin Cowen Illustrating The Bitcoin Percentage Of Supply In Profit And Loss Metric Source: YouTube\/Kitco News<\/em><\/figcaption><\/figure>\n","post_title":"Bitcoins Bottom Is Likely In, Crypto Analyst Benjamin Cowen","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoins-bottom-is-likely-in-crypto-analyst-benjamin-cowen","to_ping":"","pinged":"","post_modified":"2023-04-11 00:07:43","post_modified_gmt":"2023-04-10 14:07:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7107","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7093,"post_author":"1","post_date":"2022-09-11 19:27:57","post_date_gmt":"2022-09-11 09:27:57","post_content":"\n
Mike McGlone is a senior strategist at Bloomberg Intelligence, has recently shared multiple on Twitter discussing various commodities and concerns related to the current state of markets worldwide.<\/p>\n\n\n\n
In one tweet McGlone outlined his September Crypto Outlook<\/a><\/em> where he believes that the world is leaning towards a recession in light of recent events including the tightening of interest rates by the Federal Reserve.<\/li><\/ul>\n\n\n\n
A key indicator that had encouraged the Fed's fight against inflation was the soar in energy prices. This pressured high-risk assets, namely cryptocurrencies, and once the dust settles from recent events crypto prices will start to \"bouy\" as \u201ccrude oil decline may fuel Bitcoin recovery.\u201d Reuters recently reported<\/a> that the Strategic Petroleum Reserve (SPR) fell to its lowest level in more than 35 years.<\/li><\/ul>\n\n\n\n
Price data from 2018-19 was compared to price data from today showing a similar benchmark where \"Bitcoin is at a discount within an elongated bull market.\"<\/li><\/ul>\n\n\n\n
$\""Too$
Bitcoin Price Data. Source: Bloomberg Intelligence<\/figcaption><\/figure>\n\n\n\n
In an interview<\/a> with Bell Media, McGlone believes that cryptocurrencies will continue to outperform traditional assets with declining volatility. He hints at being bullish on Bitcoin believing will put in a bottom at, or below $20,000 similar to 2018 and 2013 before going into an upward trajectory.<\/li><\/ul>\n\n\n\n
McGlone hinted at Ethereum becoming a large part of the financial system as the merge<\/a> approaches due to its ability to make tokenized assets<\/a> readily accessible to the public just like ETFs had done with traditional assets.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Will Return \u2013 Ruchir Sharma, The Chairman Of Rockefeller International<\/a><\/p>\n","post_title":"Bullish On Bitcoin, It's Trading At A Discount - Bloomberg Intelligence","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bullish-on-bitcoin-its-trading-at-a-discount-bloomberg-intelligence","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/ethereum-proof-of-stake-merge-set-for-mid-september\/\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/\nhttps:\/\/www.thedistributed.co\/bitcoin-will-return-ruchir-sharma-the-chairman-of-rockefeller-international\/","post_modified":"2023-04-11 00:07:57","post_modified_gmt":"2023-04-10 14:07:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7093","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 15 16 17 18 19 … 41 Next

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Binance Coin (BNB)

December 8, 2022 - Updated on January 15, 2023

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November 24, 2024

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\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Ethereum May Attract Institutional Investors \"Looking For Yield\"","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-may-attract-institutional-investors-looking-for-yield","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2023-04-10 18:54:55","post_modified_gmt":"2023-04-10 08:54:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7153","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7141,"post_author":"1","post_date":"2022-09-14 22:57:51","post_date_gmt":"2022-09-14 12:57:51","post_content":"\n
Do Kwon, co-founder of Terraform Labs has been issued an arrest warrant by a South Korean court in the wake of Terra Luna's collapse<\/a> earlier this year.<\/p>\n\n\n\n
A report<\/a> from South Korean news outlet Chosun Ilbo details that there were an additional 5 arrest warrants laid out. This includes Nicholas Platias, a founding member of Terraform Labs, and Han Mo, an employee. The charges being faced are for violating the Capital Markets Act. As prosecutors believe that Terra Luna falls under an \u201cinvestment contract security\u201d.<\/li><\/ul>\n\n\n\n
Although the warrant was issued by a South Korean court, key members of Terraform Labs including Kwon and the 5 other individuals are currently located in Singapore. As a result, the warrant is valid for the next year. This comes after South Korean authorities banned<\/a> Terra Luna's main designers from leaving the country.<\/li><\/ul>\n\n\n\n
After LUNA and sister stablecoin<\/a> UST collapsed earlier this year, investors were bought to outrage with a combined US$42B wiped out from the two coins alongside a 99.99% drop in price. In turn, investors were quick to sue Kwon and others for violating various laws and acts as rumors<\/a> were quick to spread in relation to the downfall.<\/li><\/ul>\n\n\n\n
See Related:<\/strong><\/em> War On Code \u2013 Tornado Cash Developer Alexey Pertsev Arrested<\/a><\/p>\n","post_title":"Terra's Do Kwon Wanted For Arrest By Seoul Court","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"terras-do-kwon-wanted-for-arrest-by-seoul-court","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-30 21:31:32","post_modified_gmt":"2023-04-30 11:31:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7141","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7107,"post_author":"1","post_date":"2022-09-12 21:36:27","post_date_gmt":"2022-09-12 11:36:27","post_content":"\n
Benjamin Cowen<\/a> is a well-regarded crypto analyst, using a historically accurate indicator he has found it likely that Bitcoin has hit its bottom or is very close to doing so.<\/p>\n\n\n\n
Cowen was recently featured<\/a> on Kitco News where he discussed his use of the metric. \"One of the interesting things about this chart is that historically, Bitcoin does not bottom until after they cross,\" he stated.<\/li><\/ul>\n\n\n\n
The indicator Cowen used is the Bitcoin Percentage Of Supply In Profit And Loss<\/a>. This indicates how many Bitcoins are at a profit or loss for their holders. Looking at the chart from a widened perspective Cowen shows how this metric has accompanied tops and bottoms over the long term.<\/li><\/ul>\n\n\n\n
Cowen added that they have recently just crossed each other and how the bottom typically occurs after they cross. \"When it comes up here, that\u2019s generally the time where you want to scale out when we\u2019re continuing to push those new all-time highs so to me this is an indicator that would suggest that if we did get another leg down there\u2019s a lot of evidence that could be the major bottom,\" he added.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bullish On Bitcoin, It\u2019s Trading At A Discount \u2013 Bloomberg Intelligence<\/a><\/p>\n\n\n\n
$\"Benjamin$
Benjamin Cowen Illustrating The Bitcoin Percentage Of Supply In Profit And Loss Metric Source: YouTube\/Kitco News<\/em><\/figcaption><\/figure>\n","post_title":"Bitcoins Bottom Is Likely In, Crypto Analyst Benjamin Cowen","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoins-bottom-is-likely-in-crypto-analyst-benjamin-cowen","to_ping":"","pinged":"","post_modified":"2023-04-11 00:07:43","post_modified_gmt":"2023-04-10 14:07:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7107","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7093,"post_author":"1","post_date":"2022-09-11 19:27:57","post_date_gmt":"2022-09-11 09:27:57","post_content":"\n
Mike McGlone is a senior strategist at Bloomberg Intelligence, has recently shared multiple on Twitter discussing various commodities and concerns related to the current state of markets worldwide.<\/p>\n\n\n\n
In one tweet McGlone outlined his September Crypto Outlook<\/a><\/em> where he believes that the world is leaning towards a recession in light of recent events including the tightening of interest rates by the Federal Reserve.<\/li><\/ul>\n\n\n\n
A key indicator that had encouraged the Fed's fight against inflation was the soar in energy prices. This pressured high-risk assets, namely cryptocurrencies, and once the dust settles from recent events crypto prices will start to \"bouy\" as \u201ccrude oil decline may fuel Bitcoin recovery.\u201d Reuters recently reported<\/a> that the Strategic Petroleum Reserve (SPR) fell to its lowest level in more than 35 years.<\/li><\/ul>\n\n\n\n
Price data from 2018-19 was compared to price data from today showing a similar benchmark where \"Bitcoin is at a discount within an elongated bull market.\"<\/li><\/ul>\n\n\n\n
$\""Too$
Bitcoin Price Data. Source: Bloomberg Intelligence<\/figcaption><\/figure>\n\n\n\n
In an interview<\/a> with Bell Media, McGlone believes that cryptocurrencies will continue to outperform traditional assets with declining volatility. He hints at being bullish on Bitcoin believing will put in a bottom at, or below $20,000 similar to 2018 and 2013 before going into an upward trajectory.<\/li><\/ul>\n\n\n\n
McGlone hinted at Ethereum becoming a large part of the financial system as the merge<\/a> approaches due to its ability to make tokenized assets<\/a> readily accessible to the public just like ETFs had done with traditional assets.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Will Return \u2013 Ruchir Sharma, The Chairman Of Rockefeller International<\/a><\/p>\n","post_title":"Bullish On Bitcoin, It's Trading At A Discount - Bloomberg Intelligence","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bullish-on-bitcoin-its-trading-at-a-discount-bloomberg-intelligence","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/ethereum-proof-of-stake-merge-set-for-mid-september\/\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/\nhttps:\/\/www.thedistributed.co\/bitcoin-will-return-ruchir-sharma-the-chairman-of-rockefeller-international\/","post_modified":"2023-04-11 00:07:57","post_modified_gmt":"2023-04-10 14:07:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7093","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 15 16 17 18 19 … 41 Next

Most Read

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Binance Coin (BNB)

December 8, 2022 - Updated on January 15, 2023

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

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August 15, 2024

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Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

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By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

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ADVERTISEMENT

\n
Although it may attract institutional investors, using it in an institutional scene may not be the most efficient thing to do as of yet. Currently, Ethereum has 15 transactions per second (TP\/S) compared to VISA with ~1,700 and Solana at 2,300. The merge promises to make Ethereum more accessible which could bring scaling solutions to light that improve its lacking metrics.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Ethereum May Attract Institutional Investors \"Looking For Yield\"","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-may-attract-institutional-investors-looking-for-yield","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2023-04-10 18:54:55","post_modified_gmt":"2023-04-10 08:54:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7153","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7141,"post_author":"1","post_date":"2022-09-14 22:57:51","post_date_gmt":"2022-09-14 12:57:51","post_content":"\n
Do Kwon, co-founder of Terraform Labs has been issued an arrest warrant by a South Korean court in the wake of Terra Luna's collapse<\/a> earlier this year.<\/p>\n\n\n\n
A report<\/a> from South Korean news outlet Chosun Ilbo details that there were an additional 5 arrest warrants laid out. This includes Nicholas Platias, a founding member of Terraform Labs, and Han Mo, an employee. The charges being faced are for violating the Capital Markets Act. As prosecutors believe that Terra Luna falls under an \u201cinvestment contract security\u201d.<\/li><\/ul>\n\n\n\n
Although the warrant was issued by a South Korean court, key members of Terraform Labs including Kwon and the 5 other individuals are currently located in Singapore. As a result, the warrant is valid for the next year. This comes after South Korean authorities banned<\/a> Terra Luna's main designers from leaving the country.<\/li><\/ul>\n\n\n\n
After LUNA and sister stablecoin<\/a> UST collapsed earlier this year, investors were bought to outrage with a combined US$42B wiped out from the two coins alongside a 99.99% drop in price. In turn, investors were quick to sue Kwon and others for violating various laws and acts as rumors<\/a> were quick to spread in relation to the downfall.<\/li><\/ul>\n\n\n\n
See Related:<\/strong><\/em> War On Code \u2013 Tornado Cash Developer Alexey Pertsev Arrested<\/a><\/p>\n","post_title":"Terra's Do Kwon Wanted For Arrest By Seoul Court","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"terras-do-kwon-wanted-for-arrest-by-seoul-court","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-30 21:31:32","post_modified_gmt":"2023-04-30 11:31:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7141","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7107,"post_author":"1","post_date":"2022-09-12 21:36:27","post_date_gmt":"2022-09-12 11:36:27","post_content":"\n
Benjamin Cowen<\/a> is a well-regarded crypto analyst, using a historically accurate indicator he has found it likely that Bitcoin has hit its bottom or is very close to doing so.<\/p>\n\n\n\n
Cowen was recently featured<\/a> on Kitco News where he discussed his use of the metric. \"One of the interesting things about this chart is that historically, Bitcoin does not bottom until after they cross,\" he stated.<\/li><\/ul>\n\n\n\n
The indicator Cowen used is the Bitcoin Percentage Of Supply In Profit And Loss<\/a>. This indicates how many Bitcoins are at a profit or loss for their holders. Looking at the chart from a widened perspective Cowen shows how this metric has accompanied tops and bottoms over the long term.<\/li><\/ul>\n\n\n\n
Cowen added that they have recently just crossed each other and how the bottom typically occurs after they cross. \"When it comes up here, that\u2019s generally the time where you want to scale out when we\u2019re continuing to push those new all-time highs so to me this is an indicator that would suggest that if we did get another leg down there\u2019s a lot of evidence that could be the major bottom,\" he added.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bullish On Bitcoin, It\u2019s Trading At A Discount \u2013 Bloomberg Intelligence<\/a><\/p>\n\n\n\n
$\"Benjamin$
Benjamin Cowen Illustrating The Bitcoin Percentage Of Supply In Profit And Loss Metric Source: YouTube\/Kitco News<\/em><\/figcaption><\/figure>\n","post_title":"Bitcoins Bottom Is Likely In, Crypto Analyst Benjamin Cowen","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoins-bottom-is-likely-in-crypto-analyst-benjamin-cowen","to_ping":"","pinged":"","post_modified":"2023-04-11 00:07:43","post_modified_gmt":"2023-04-10 14:07:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7107","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7093,"post_author":"1","post_date":"2022-09-11 19:27:57","post_date_gmt":"2022-09-11 09:27:57","post_content":"\n
Mike McGlone is a senior strategist at Bloomberg Intelligence, has recently shared multiple on Twitter discussing various commodities and concerns related to the current state of markets worldwide.<\/p>\n\n\n\n
In one tweet McGlone outlined his September Crypto Outlook<\/a><\/em> where he believes that the world is leaning towards a recession in light of recent events including the tightening of interest rates by the Federal Reserve.<\/li><\/ul>\n\n\n\n
A key indicator that had encouraged the Fed's fight against inflation was the soar in energy prices. This pressured high-risk assets, namely cryptocurrencies, and once the dust settles from recent events crypto prices will start to \"bouy\" as \u201ccrude oil decline may fuel Bitcoin recovery.\u201d Reuters recently reported<\/a> that the Strategic Petroleum Reserve (SPR) fell to its lowest level in more than 35 years.<\/li><\/ul>\n\n\n\n
Price data from 2018-19 was compared to price data from today showing a similar benchmark where \"Bitcoin is at a discount within an elongated bull market.\"<\/li><\/ul>\n\n\n\n
$\""Too$
Bitcoin Price Data. Source: Bloomberg Intelligence<\/figcaption><\/figure>\n\n\n\n
In an interview<\/a> with Bell Media, McGlone believes that cryptocurrencies will continue to outperform traditional assets with declining volatility. He hints at being bullish on Bitcoin believing will put in a bottom at, or below $20,000 similar to 2018 and 2013 before going into an upward trajectory.<\/li><\/ul>\n\n\n\n
McGlone hinted at Ethereum becoming a large part of the financial system as the merge<\/a> approaches due to its ability to make tokenized assets<\/a> readily accessible to the public just like ETFs had done with traditional assets.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Will Return \u2013 Ruchir Sharma, The Chairman Of Rockefeller International<\/a><\/p>\n","post_title":"Bullish On Bitcoin, It's Trading At A Discount - Bloomberg Intelligence","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bullish-on-bitcoin-its-trading-at-a-discount-bloomberg-intelligence","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/ethereum-proof-of-stake-merge-set-for-mid-september\/\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/\nhttps:\/\/www.thedistributed.co\/bitcoin-will-return-ruchir-sharma-the-chairman-of-rockefeller-international\/","post_modified":"2023-04-11 00:07:57","post_modified_gmt":"2023-04-10 14:07:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7093","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 15 16 17 18 19 … 41 Next

Most Read

The Coins

Binance Coin (BNB)

December 8, 2022 - Updated on January 15, 2023

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Ethereum will also be more scarce now the merge has happened with annual issuance dropping ~90% to 600,000 per year and burning<\/a> of Ethereum transaction fees, along with staking taking even more Ethereum out of circulation.<\/li><\/ul>\n\n\n\n
Although it may attract institutional investors, using it in an institutional scene may not be the most efficient thing to do as of yet. Currently, Ethereum has 15 transactions per second (TP\/S) compared to VISA with ~1,700 and Solana at 2,300. The merge promises to make Ethereum more accessible which could bring scaling solutions to light that improve its lacking metrics.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Ethereum May Attract Institutional Investors \"Looking For Yield\"","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-may-attract-institutional-investors-looking-for-yield","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2023-04-10 18:54:55","post_modified_gmt":"2023-04-10 08:54:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7153","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7141,"post_author":"1","post_date":"2022-09-14 22:57:51","post_date_gmt":"2022-09-14 12:57:51","post_content":"\n
Do Kwon, co-founder of Terraform Labs has been issued an arrest warrant by a South Korean court in the wake of Terra Luna's collapse<\/a> earlier this year.<\/p>\n\n\n\n
A report<\/a> from South Korean news outlet Chosun Ilbo details that there were an additional 5 arrest warrants laid out. This includes Nicholas Platias, a founding member of Terraform Labs, and Han Mo, an employee. The charges being faced are for violating the Capital Markets Act. As prosecutors believe that Terra Luna falls under an \u201cinvestment contract security\u201d.<\/li><\/ul>\n\n\n\n
Although the warrant was issued by a South Korean court, key members of Terraform Labs including Kwon and the 5 other individuals are currently located in Singapore. As a result, the warrant is valid for the next year. This comes after South Korean authorities banned<\/a> Terra Luna's main designers from leaving the country.<\/li><\/ul>\n\n\n\n
After LUNA and sister stablecoin<\/a> UST collapsed earlier this year, investors were bought to outrage with a combined US$42B wiped out from the two coins alongside a 99.99% drop in price. In turn, investors were quick to sue Kwon and others for violating various laws and acts as rumors<\/a> were quick to spread in relation to the downfall.<\/li><\/ul>\n\n\n\n
See Related:<\/strong><\/em> War On Code \u2013 Tornado Cash Developer Alexey Pertsev Arrested<\/a><\/p>\n","post_title":"Terra's Do Kwon Wanted For Arrest By Seoul Court","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"terras-do-kwon-wanted-for-arrest-by-seoul-court","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-30 21:31:32","post_modified_gmt":"2023-04-30 11:31:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7141","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7107,"post_author":"1","post_date":"2022-09-12 21:36:27","post_date_gmt":"2022-09-12 11:36:27","post_content":"\n
Benjamin Cowen<\/a> is a well-regarded crypto analyst, using a historically accurate indicator he has found it likely that Bitcoin has hit its bottom or is very close to doing so.<\/p>\n\n\n\n
Cowen was recently featured<\/a> on Kitco News where he discussed his use of the metric. \"One of the interesting things about this chart is that historically, Bitcoin does not bottom until after they cross,\" he stated.<\/li><\/ul>\n\n\n\n
The indicator Cowen used is the Bitcoin Percentage Of Supply In Profit And Loss<\/a>. This indicates how many Bitcoins are at a profit or loss for their holders. Looking at the chart from a widened perspective Cowen shows how this metric has accompanied tops and bottoms over the long term.<\/li><\/ul>\n\n\n\n
Cowen added that they have recently just crossed each other and how the bottom typically occurs after they cross. \"When it comes up here, that\u2019s generally the time where you want to scale out when we\u2019re continuing to push those new all-time highs so to me this is an indicator that would suggest that if we did get another leg down there\u2019s a lot of evidence that could be the major bottom,\" he added.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bullish On Bitcoin, It\u2019s Trading At A Discount \u2013 Bloomberg Intelligence<\/a><\/p>\n\n\n\n
$\"Benjamin$
Benjamin Cowen Illustrating The Bitcoin Percentage Of Supply In Profit And Loss Metric Source: YouTube\/Kitco News<\/em><\/figcaption><\/figure>\n","post_title":"Bitcoins Bottom Is Likely In, Crypto Analyst Benjamin Cowen","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoins-bottom-is-likely-in-crypto-analyst-benjamin-cowen","to_ping":"","pinged":"","post_modified":"2023-04-11 00:07:43","post_modified_gmt":"2023-04-10 14:07:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7107","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7093,"post_author":"1","post_date":"2022-09-11 19:27:57","post_date_gmt":"2022-09-11 09:27:57","post_content":"\n
Mike McGlone is a senior strategist at Bloomberg Intelligence, has recently shared multiple on Twitter discussing various commodities and concerns related to the current state of markets worldwide.<\/p>\n\n\n\n
In one tweet McGlone outlined his September Crypto Outlook<\/a><\/em> where he believes that the world is leaning towards a recession in light of recent events including the tightening of interest rates by the Federal Reserve.<\/li><\/ul>\n\n\n\n
A key indicator that had encouraged the Fed's fight against inflation was the soar in energy prices. This pressured high-risk assets, namely cryptocurrencies, and once the dust settles from recent events crypto prices will start to \"bouy\" as \u201ccrude oil decline may fuel Bitcoin recovery.\u201d Reuters recently reported<\/a> that the Strategic Petroleum Reserve (SPR) fell to its lowest level in more than 35 years.<\/li><\/ul>\n\n\n\n
Price data from 2018-19 was compared to price data from today showing a similar benchmark where \"Bitcoin is at a discount within an elongated bull market.\"<\/li><\/ul>\n\n\n\n
$\""Too$
Bitcoin Price Data. Source: Bloomberg Intelligence<\/figcaption><\/figure>\n\n\n\n
In an interview<\/a> with Bell Media, McGlone believes that cryptocurrencies will continue to outperform traditional assets with declining volatility. He hints at being bullish on Bitcoin believing will put in a bottom at, or below $20,000 similar to 2018 and 2013 before going into an upward trajectory.<\/li><\/ul>\n\n\n\n
McGlone hinted at Ethereum becoming a large part of the financial system as the merge<\/a> approaches due to its ability to make tokenized assets<\/a> readily accessible to the public just like ETFs had done with traditional assets.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Will Return \u2013 Ruchir Sharma, The Chairman Of Rockefeller International<\/a><\/p>\n","post_title":"Bullish On Bitcoin, It's Trading At A Discount - Bloomberg Intelligence","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bullish-on-bitcoin-its-trading-at-a-discount-bloomberg-intelligence","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/ethereum-proof-of-stake-merge-set-for-mid-september\/\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/\nhttps:\/\/www.thedistributed.co\/bitcoin-will-return-ruchir-sharma-the-chairman-of-rockefeller-international\/","post_modified":"2023-04-11 00:07:57","post_modified_gmt":"2023-04-10 14:07:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7093","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 15 16 17 18 19 … 41 Next

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Binance Coin (BNB)

December 8, 2022 - Updated on January 15, 2023

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November 24, 2024

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Follow The Distributed

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\n
The reduced energy consumption could also make for a more eco-friendly investment in institutional eyes. Environmental, Social, and Governance (ESG) is a metric popular amongst various institutions, so Ethereum reducing its energy consumption by 99.95% and reducing<\/a> the world's energy consumption by 0.02% is a big plus.<\/li><\/ul>\n\n\n\n
Ethereum will also be more scarce now the merge has happened with annual issuance dropping ~90% to 600,000 per year and burning<\/a> of Ethereum transaction fees, along with staking taking even more Ethereum out of circulation.<\/li><\/ul>\n\n\n\n
Although it may attract institutional investors, using it in an institutional scene may not be the most efficient thing to do as of yet. Currently, Ethereum has 15 transactions per second (TP\/S) compared to VISA with ~1,700 and Solana at 2,300. The merge promises to make Ethereum more accessible which could bring scaling solutions to light that improve its lacking metrics.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Ethereum May Attract Institutional Investors \"Looking For Yield\"","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-may-attract-institutional-investors-looking-for-yield","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2023-04-10 18:54:55","post_modified_gmt":"2023-04-10 08:54:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7153","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7141,"post_author":"1","post_date":"2022-09-14 22:57:51","post_date_gmt":"2022-09-14 12:57:51","post_content":"\n
Do Kwon, co-founder of Terraform Labs has been issued an arrest warrant by a South Korean court in the wake of Terra Luna's collapse<\/a> earlier this year.<\/p>\n\n\n\n
A report<\/a> from South Korean news outlet Chosun Ilbo details that there were an additional 5 arrest warrants laid out. This includes Nicholas Platias, a founding member of Terraform Labs, and Han Mo, an employee. The charges being faced are for violating the Capital Markets Act. As prosecutors believe that Terra Luna falls under an \u201cinvestment contract security\u201d.<\/li><\/ul>\n\n\n\n
Although the warrant was issued by a South Korean court, key members of Terraform Labs including Kwon and the 5 other individuals are currently located in Singapore. As a result, the warrant is valid for the next year. This comes after South Korean authorities banned<\/a> Terra Luna's main designers from leaving the country.<\/li><\/ul>\n\n\n\n
After LUNA and sister stablecoin<\/a> UST collapsed earlier this year, investors were bought to outrage with a combined US$42B wiped out from the two coins alongside a 99.99% drop in price. In turn, investors were quick to sue Kwon and others for violating various laws and acts as rumors<\/a> were quick to spread in relation to the downfall.<\/li><\/ul>\n\n\n\n
See Related:<\/strong><\/em> War On Code \u2013 Tornado Cash Developer Alexey Pertsev Arrested<\/a><\/p>\n","post_title":"Terra's Do Kwon Wanted For Arrest By Seoul Court","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"terras-do-kwon-wanted-for-arrest-by-seoul-court","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-30 21:31:32","post_modified_gmt":"2023-04-30 11:31:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7141","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7107,"post_author":"1","post_date":"2022-09-12 21:36:27","post_date_gmt":"2022-09-12 11:36:27","post_content":"\n
Benjamin Cowen<\/a> is a well-regarded crypto analyst, using a historically accurate indicator he has found it likely that Bitcoin has hit its bottom or is very close to doing so.<\/p>\n\n\n\n
Cowen was recently featured<\/a> on Kitco News where he discussed his use of the metric. \"One of the interesting things about this chart is that historically, Bitcoin does not bottom until after they cross,\" he stated.<\/li><\/ul>\n\n\n\n
The indicator Cowen used is the Bitcoin Percentage Of Supply In Profit And Loss<\/a>. This indicates how many Bitcoins are at a profit or loss for their holders. Looking at the chart from a widened perspective Cowen shows how this metric has accompanied tops and bottoms over the long term.<\/li><\/ul>\n\n\n\n
Cowen added that they have recently just crossed each other and how the bottom typically occurs after they cross. \"When it comes up here, that\u2019s generally the time where you want to scale out when we\u2019re continuing to push those new all-time highs so to me this is an indicator that would suggest that if we did get another leg down there\u2019s a lot of evidence that could be the major bottom,\" he added.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bullish On Bitcoin, It\u2019s Trading At A Discount \u2013 Bloomberg Intelligence<\/a><\/p>\n\n\n\n
$\"Benjamin$
Benjamin Cowen Illustrating The Bitcoin Percentage Of Supply In Profit And Loss Metric Source: YouTube\/Kitco News<\/em><\/figcaption><\/figure>\n","post_title":"Bitcoins Bottom Is Likely In, Crypto Analyst Benjamin Cowen","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoins-bottom-is-likely-in-crypto-analyst-benjamin-cowen","to_ping":"","pinged":"","post_modified":"2023-04-11 00:07:43","post_modified_gmt":"2023-04-10 14:07:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7107","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7093,"post_author":"1","post_date":"2022-09-11 19:27:57","post_date_gmt":"2022-09-11 09:27:57","post_content":"\n
Mike McGlone is a senior strategist at Bloomberg Intelligence, has recently shared multiple on Twitter discussing various commodities and concerns related to the current state of markets worldwide.<\/p>\n\n\n\n
In one tweet McGlone outlined his September Crypto Outlook<\/a><\/em> where he believes that the world is leaning towards a recession in light of recent events including the tightening of interest rates by the Federal Reserve.<\/li><\/ul>\n\n\n\n
A key indicator that had encouraged the Fed's fight against inflation was the soar in energy prices. This pressured high-risk assets, namely cryptocurrencies, and once the dust settles from recent events crypto prices will start to \"bouy\" as \u201ccrude oil decline may fuel Bitcoin recovery.\u201d Reuters recently reported<\/a> that the Strategic Petroleum Reserve (SPR) fell to its lowest level in more than 35 years.<\/li><\/ul>\n\n\n\n
Price data from 2018-19 was compared to price data from today showing a similar benchmark where \"Bitcoin is at a discount within an elongated bull market.\"<\/li><\/ul>\n\n\n\n
$\""Too$
Bitcoin Price Data. Source: Bloomberg Intelligence<\/figcaption><\/figure>\n\n\n\n
In an interview<\/a> with Bell Media, McGlone believes that cryptocurrencies will continue to outperform traditional assets with declining volatility. He hints at being bullish on Bitcoin believing will put in a bottom at, or below $20,000 similar to 2018 and 2013 before going into an upward trajectory.<\/li><\/ul>\n\n\n\n
McGlone hinted at Ethereum becoming a large part of the financial system as the merge<\/a> approaches due to its ability to make tokenized assets<\/a> readily accessible to the public just like ETFs had done with traditional assets.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Will Return \u2013 Ruchir Sharma, The Chairman Of Rockefeller International<\/a><\/p>\n","post_title":"Bullish On Bitcoin, It's Trading At A Discount - Bloomberg Intelligence","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bullish-on-bitcoin-its-trading-at-a-discount-bloomberg-intelligence","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/ethereum-proof-of-stake-merge-set-for-mid-september\/\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/\nhttps:\/\/www.thedistributed.co\/bitcoin-will-return-ruchir-sharma-the-chairman-of-rockefeller-international\/","post_modified":"2023-04-11 00:07:57","post_modified_gmt":"2023-04-10 14:07:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7093","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 15 16 17 18 19 … 41 Next

Most Read

The Coins

Binance Coin (BNB)

December 8, 2022 - Updated on January 15, 2023

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

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August 15, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

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ADVERTISEMENT

\n
PoS is a consensus mechanism where transactions are validated through users staking their coins, in return for staking users will receive a small fee for playing their part. Currently, on Ethereum, this may yield users around 10-15% annually which makes it an alternative to typical bonds. <\/li><\/ul>\n\n\n\n
The reduced energy consumption could also make for a more eco-friendly investment in institutional eyes. Environmental, Social, and Governance (ESG) is a metric popular amongst various institutions, so Ethereum reducing its energy consumption by 99.95% and reducing<\/a> the world's energy consumption by 0.02% is a big plus.<\/li><\/ul>\n\n\n\n
Ethereum will also be more scarce now the merge has happened with annual issuance dropping ~90% to 600,000 per year and burning<\/a> of Ethereum transaction fees, along with staking taking even more Ethereum out of circulation.<\/li><\/ul>\n\n\n\n
Although it may attract institutional investors, using it in an institutional scene may not be the most efficient thing to do as of yet. Currently, Ethereum has 15 transactions per second (TP\/S) compared to VISA with ~1,700 and Solana at 2,300. The merge promises to make Ethereum more accessible which could bring scaling solutions to light that improve its lacking metrics.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Ethereum May Attract Institutional Investors \"Looking For Yield\"","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-may-attract-institutional-investors-looking-for-yield","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2023-04-10 18:54:55","post_modified_gmt":"2023-04-10 08:54:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7153","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7141,"post_author":"1","post_date":"2022-09-14 22:57:51","post_date_gmt":"2022-09-14 12:57:51","post_content":"\n
Do Kwon, co-founder of Terraform Labs has been issued an arrest warrant by a South Korean court in the wake of Terra Luna's collapse<\/a> earlier this year.<\/p>\n\n\n\n
A report<\/a> from South Korean news outlet Chosun Ilbo details that there were an additional 5 arrest warrants laid out. This includes Nicholas Platias, a founding member of Terraform Labs, and Han Mo, an employee. The charges being faced are for violating the Capital Markets Act. As prosecutors believe that Terra Luna falls under an \u201cinvestment contract security\u201d.<\/li><\/ul>\n\n\n\n
Although the warrant was issued by a South Korean court, key members of Terraform Labs including Kwon and the 5 other individuals are currently located in Singapore. As a result, the warrant is valid for the next year. This comes after South Korean authorities banned<\/a> Terra Luna's main designers from leaving the country.<\/li><\/ul>\n\n\n\n
After LUNA and sister stablecoin<\/a> UST collapsed earlier this year, investors were bought to outrage with a combined US$42B wiped out from the two coins alongside a 99.99% drop in price. In turn, investors were quick to sue Kwon and others for violating various laws and acts as rumors<\/a> were quick to spread in relation to the downfall.<\/li><\/ul>\n\n\n\n
See Related:<\/strong><\/em> War On Code \u2013 Tornado Cash Developer Alexey Pertsev Arrested<\/a><\/p>\n","post_title":"Terra's Do Kwon Wanted For Arrest By Seoul Court","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"terras-do-kwon-wanted-for-arrest-by-seoul-court","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-30 21:31:32","post_modified_gmt":"2023-04-30 11:31:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7141","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7107,"post_author":"1","post_date":"2022-09-12 21:36:27","post_date_gmt":"2022-09-12 11:36:27","post_content":"\n
Benjamin Cowen<\/a> is a well-regarded crypto analyst, using a historically accurate indicator he has found it likely that Bitcoin has hit its bottom or is very close to doing so.<\/p>\n\n\n\n
Cowen was recently featured<\/a> on Kitco News where he discussed his use of the metric. \"One of the interesting things about this chart is that historically, Bitcoin does not bottom until after they cross,\" he stated.<\/li><\/ul>\n\n\n\n
The indicator Cowen used is the Bitcoin Percentage Of Supply In Profit And Loss<\/a>. This indicates how many Bitcoins are at a profit or loss for their holders. Looking at the chart from a widened perspective Cowen shows how this metric has accompanied tops and bottoms over the long term.<\/li><\/ul>\n\n\n\n
Cowen added that they have recently just crossed each other and how the bottom typically occurs after they cross. \"When it comes up here, that\u2019s generally the time where you want to scale out when we\u2019re continuing to push those new all-time highs so to me this is an indicator that would suggest that if we did get another leg down there\u2019s a lot of evidence that could be the major bottom,\" he added.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bullish On Bitcoin, It\u2019s Trading At A Discount \u2013 Bloomberg Intelligence<\/a><\/p>\n\n\n\n
$\"Benjamin$
Benjamin Cowen Illustrating The Bitcoin Percentage Of Supply In Profit And Loss Metric Source: YouTube\/Kitco News<\/em><\/figcaption><\/figure>\n","post_title":"Bitcoins Bottom Is Likely In, Crypto Analyst Benjamin Cowen","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoins-bottom-is-likely-in-crypto-analyst-benjamin-cowen","to_ping":"","pinged":"","post_modified":"2023-04-11 00:07:43","post_modified_gmt":"2023-04-10 14:07:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7107","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7093,"post_author":"1","post_date":"2022-09-11 19:27:57","post_date_gmt":"2022-09-11 09:27:57","post_content":"\n
Mike McGlone is a senior strategist at Bloomberg Intelligence, has recently shared multiple on Twitter discussing various commodities and concerns related to the current state of markets worldwide.<\/p>\n\n\n\n
In one tweet McGlone outlined his September Crypto Outlook<\/a><\/em> where he believes that the world is leaning towards a recession in light of recent events including the tightening of interest rates by the Federal Reserve.<\/li><\/ul>\n\n\n\n
A key indicator that had encouraged the Fed's fight against inflation was the soar in energy prices. This pressured high-risk assets, namely cryptocurrencies, and once the dust settles from recent events crypto prices will start to \"bouy\" as \u201ccrude oil decline may fuel Bitcoin recovery.\u201d Reuters recently reported<\/a> that the Strategic Petroleum Reserve (SPR) fell to its lowest level in more than 35 years.<\/li><\/ul>\n\n\n\n
Price data from 2018-19 was compared to price data from today showing a similar benchmark where \"Bitcoin is at a discount within an elongated bull market.\"<\/li><\/ul>\n\n\n\n
$\""Too$
Bitcoin Price Data. Source: Bloomberg Intelligence<\/figcaption><\/figure>\n\n\n\n
In an interview<\/a> with Bell Media, McGlone believes that cryptocurrencies will continue to outperform traditional assets with declining volatility. He hints at being bullish on Bitcoin believing will put in a bottom at, or below $20,000 similar to 2018 and 2013 before going into an upward trajectory.<\/li><\/ul>\n\n\n\n
McGlone hinted at Ethereum becoming a large part of the financial system as the merge<\/a> approaches due to its ability to make tokenized assets<\/a> readily accessible to the public just like ETFs had done with traditional assets.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Will Return \u2013 Ruchir Sharma, The Chairman Of Rockefeller International<\/a><\/p>\n","post_title":"Bullish On Bitcoin, It's Trading At A Discount - Bloomberg Intelligence","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bullish-on-bitcoin-its-trading-at-a-discount-bloomberg-intelligence","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/ethereum-proof-of-stake-merge-set-for-mid-september\/\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/\nhttps:\/\/www.thedistributed.co\/bitcoin-will-return-ruchir-sharma-the-chairman-of-rockefeller-international\/","post_modified":"2023-04-11 00:07:57","post_modified_gmt":"2023-04-10 14:07:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7093","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 15 16 17 18 19 … 41 Next

Most Read

The Coins

Binance Coin (BNB)

December 8, 2022 - Updated on January 15, 2023

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

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ADVERTISEMENT

\n
\"They're [instiutional investors] looking for yield,\" said<\/a> FalconX CEO Raghu Yarlagadda in a recent interview with CoinDesk, \"with the ETH merge, the possibility of generating a sustainable, stable yield is interesting\" he added. <\/li><\/ul>\n\n\n\n
PoS is a consensus mechanism where transactions are validated through users staking their coins, in return for staking users will receive a small fee for playing their part. Currently, on Ethereum, this may yield users around 10-15% annually which makes it an alternative to typical bonds. <\/li><\/ul>\n\n\n\n
The reduced energy consumption could also make for a more eco-friendly investment in institutional eyes. Environmental, Social, and Governance (ESG) is a metric popular amongst various institutions, so Ethereum reducing its energy consumption by 99.95% and reducing<\/a> the world's energy consumption by 0.02% is a big plus.<\/li><\/ul>\n\n\n\n
Ethereum will also be more scarce now the merge has happened with annual issuance dropping ~90% to 600,000 per year and burning<\/a> of Ethereum transaction fees, along with staking taking even more Ethereum out of circulation.<\/li><\/ul>\n\n\n\n
Although it may attract institutional investors, using it in an institutional scene may not be the most efficient thing to do as of yet. Currently, Ethereum has 15 transactions per second (TP\/S) compared to VISA with ~1,700 and Solana at 2,300. The merge promises to make Ethereum more accessible which could bring scaling solutions to light that improve its lacking metrics.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Ethereum May Attract Institutional Investors \"Looking For Yield\"","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-may-attract-institutional-investors-looking-for-yield","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2023-04-10 18:54:55","post_modified_gmt":"2023-04-10 08:54:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7153","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7141,"post_author":"1","post_date":"2022-09-14 22:57:51","post_date_gmt":"2022-09-14 12:57:51","post_content":"\n
Do Kwon, co-founder of Terraform Labs has been issued an arrest warrant by a South Korean court in the wake of Terra Luna's collapse<\/a> earlier this year.<\/p>\n\n\n\n
A report<\/a> from South Korean news outlet Chosun Ilbo details that there were an additional 5 arrest warrants laid out. This includes Nicholas Platias, a founding member of Terraform Labs, and Han Mo, an employee. The charges being faced are for violating the Capital Markets Act. As prosecutors believe that Terra Luna falls under an \u201cinvestment contract security\u201d.<\/li><\/ul>\n\n\n\n
Although the warrant was issued by a South Korean court, key members of Terraform Labs including Kwon and the 5 other individuals are currently located in Singapore. As a result, the warrant is valid for the next year. This comes after South Korean authorities banned<\/a> Terra Luna's main designers from leaving the country.<\/li><\/ul>\n\n\n\n
After LUNA and sister stablecoin<\/a> UST collapsed earlier this year, investors were bought to outrage with a combined US$42B wiped out from the two coins alongside a 99.99% drop in price. In turn, investors were quick to sue Kwon and others for violating various laws and acts as rumors<\/a> were quick to spread in relation to the downfall.<\/li><\/ul>\n\n\n\n
See Related:<\/strong><\/em> War On Code \u2013 Tornado Cash Developer Alexey Pertsev Arrested<\/a><\/p>\n","post_title":"Terra's Do Kwon Wanted For Arrest By Seoul Court","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"terras-do-kwon-wanted-for-arrest-by-seoul-court","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-30 21:31:32","post_modified_gmt":"2023-04-30 11:31:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7141","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7107,"post_author":"1","post_date":"2022-09-12 21:36:27","post_date_gmt":"2022-09-12 11:36:27","post_content":"\n
Benjamin Cowen<\/a> is a well-regarded crypto analyst, using a historically accurate indicator he has found it likely that Bitcoin has hit its bottom or is very close to doing so.<\/p>\n\n\n\n
Cowen was recently featured<\/a> on Kitco News where he discussed his use of the metric. \"One of the interesting things about this chart is that historically, Bitcoin does not bottom until after they cross,\" he stated.<\/li><\/ul>\n\n\n\n
The indicator Cowen used is the Bitcoin Percentage Of Supply In Profit And Loss<\/a>. This indicates how many Bitcoins are at a profit or loss for their holders. Looking at the chart from a widened perspective Cowen shows how this metric has accompanied tops and bottoms over the long term.<\/li><\/ul>\n\n\n\n
Cowen added that they have recently just crossed each other and how the bottom typically occurs after they cross. \"When it comes up here, that\u2019s generally the time where you want to scale out when we\u2019re continuing to push those new all-time highs so to me this is an indicator that would suggest that if we did get another leg down there\u2019s a lot of evidence that could be the major bottom,\" he added.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bullish On Bitcoin, It\u2019s Trading At A Discount \u2013 Bloomberg Intelligence<\/a><\/p>\n\n\n\n
$\"Benjamin$
Benjamin Cowen Illustrating The Bitcoin Percentage Of Supply In Profit And Loss Metric Source: YouTube\/Kitco News<\/em><\/figcaption><\/figure>\n","post_title":"Bitcoins Bottom Is Likely In, Crypto Analyst Benjamin Cowen","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoins-bottom-is-likely-in-crypto-analyst-benjamin-cowen","to_ping":"","pinged":"","post_modified":"2023-04-11 00:07:43","post_modified_gmt":"2023-04-10 14:07:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7107","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7093,"post_author":"1","post_date":"2022-09-11 19:27:57","post_date_gmt":"2022-09-11 09:27:57","post_content":"\n
Mike McGlone is a senior strategist at Bloomberg Intelligence, has recently shared multiple on Twitter discussing various commodities and concerns related to the current state of markets worldwide.<\/p>\n\n\n\n
In one tweet McGlone outlined his September Crypto Outlook<\/a><\/em> where he believes that the world is leaning towards a recession in light of recent events including the tightening of interest rates by the Federal Reserve.<\/li><\/ul>\n\n\n\n
A key indicator that had encouraged the Fed's fight against inflation was the soar in energy prices. This pressured high-risk assets, namely cryptocurrencies, and once the dust settles from recent events crypto prices will start to \"bouy\" as \u201ccrude oil decline may fuel Bitcoin recovery.\u201d Reuters recently reported<\/a> that the Strategic Petroleum Reserve (SPR) fell to its lowest level in more than 35 years.<\/li><\/ul>\n\n\n\n
Price data from 2018-19 was compared to price data from today showing a similar benchmark where \"Bitcoin is at a discount within an elongated bull market.\"<\/li><\/ul>\n\n\n\n
$\""Too$
Bitcoin Price Data. Source: Bloomberg Intelligence<\/figcaption><\/figure>\n\n\n\n
In an interview<\/a> with Bell Media, McGlone believes that cryptocurrencies will continue to outperform traditional assets with declining volatility. He hints at being bullish on Bitcoin believing will put in a bottom at, or below $20,000 similar to 2018 and 2013 before going into an upward trajectory.<\/li><\/ul>\n\n\n\n
McGlone hinted at Ethereum becoming a large part of the financial system as the merge<\/a> approaches due to its ability to make tokenized assets<\/a> readily accessible to the public just like ETFs had done with traditional assets.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Will Return \u2013 Ruchir Sharma, The Chairman Of Rockefeller International<\/a><\/p>\n","post_title":"Bullish On Bitcoin, It's Trading At A Discount - Bloomberg Intelligence","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bullish-on-bitcoin-its-trading-at-a-discount-bloomberg-intelligence","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/ethereum-proof-of-stake-merge-set-for-mid-september\/\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/\nhttps:\/\/www.thedistributed.co\/bitcoin-will-return-ruchir-sharma-the-chairman-of-rockefeller-international\/","post_modified":"2023-04-11 00:07:57","post_modified_gmt":"2023-04-10 14:07:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7093","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 15 16 17 18 19 … 41 Next

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The Coins

Binance Coin (BNB)

December 8, 2022 - Updated on January 15, 2023

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Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

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November 24, 2024

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\n
Ethereum has just completed its merge<\/a> to a proof-of-stake<\/a> consensus from proof-of-work, could the primary source of validation bring in more institutional investors?<\/p>\n\n\n\n
\"They're [instiutional investors] looking for yield,\" said<\/a> FalconX CEO Raghu Yarlagadda in a recent interview with CoinDesk, \"with the ETH merge, the possibility of generating a sustainable, stable yield is interesting\" he added. <\/li><\/ul>\n\n\n\n
PoS is a consensus mechanism where transactions are validated through users staking their coins, in return for staking users will receive a small fee for playing their part. Currently, on Ethereum, this may yield users around 10-15% annually which makes it an alternative to typical bonds. <\/li><\/ul>\n\n\n\n
The reduced energy consumption could also make for a more eco-friendly investment in institutional eyes. Environmental, Social, and Governance (ESG) is a metric popular amongst various institutions, so Ethereum reducing its energy consumption by 99.95% and reducing<\/a> the world's energy consumption by 0.02% is a big plus.<\/li><\/ul>\n\n\n\n
Ethereum will also be more scarce now the merge has happened with annual issuance dropping ~90% to 600,000 per year and burning<\/a> of Ethereum transaction fees, along with staking taking even more Ethereum out of circulation.<\/li><\/ul>\n\n\n\n
Although it may attract institutional investors, using it in an institutional scene may not be the most efficient thing to do as of yet. Currently, Ethereum has 15 transactions per second (TP\/S) compared to VISA with ~1,700 and Solana at 2,300. The merge promises to make Ethereum more accessible which could bring scaling solutions to light that improve its lacking metrics.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Ethereum May Attract Institutional Investors \"Looking For Yield\"","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-may-attract-institutional-investors-looking-for-yield","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2023-04-10 18:54:55","post_modified_gmt":"2023-04-10 08:54:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7153","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7141,"post_author":"1","post_date":"2022-09-14 22:57:51","post_date_gmt":"2022-09-14 12:57:51","post_content":"\n
Do Kwon, co-founder of Terraform Labs has been issued an arrest warrant by a South Korean court in the wake of Terra Luna's collapse<\/a> earlier this year.<\/p>\n\n\n\n
A report<\/a> from South Korean news outlet Chosun Ilbo details that there were an additional 5 arrest warrants laid out. This includes Nicholas Platias, a founding member of Terraform Labs, and Han Mo, an employee. The charges being faced are for violating the Capital Markets Act. As prosecutors believe that Terra Luna falls under an \u201cinvestment contract security\u201d.<\/li><\/ul>\n\n\n\n
Although the warrant was issued by a South Korean court, key members of Terraform Labs including Kwon and the 5 other individuals are currently located in Singapore. As a result, the warrant is valid for the next year. This comes after South Korean authorities banned<\/a> Terra Luna's main designers from leaving the country.<\/li><\/ul>\n\n\n\n
After LUNA and sister stablecoin<\/a> UST collapsed earlier this year, investors were bought to outrage with a combined US$42B wiped out from the two coins alongside a 99.99% drop in price. In turn, investors were quick to sue Kwon and others for violating various laws and acts as rumors<\/a> were quick to spread in relation to the downfall.<\/li><\/ul>\n\n\n\n
See Related:<\/strong><\/em> War On Code \u2013 Tornado Cash Developer Alexey Pertsev Arrested<\/a><\/p>\n","post_title":"Terra's Do Kwon Wanted For Arrest By Seoul Court","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"terras-do-kwon-wanted-for-arrest-by-seoul-court","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-30 21:31:32","post_modified_gmt":"2023-04-30 11:31:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7141","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7107,"post_author":"1","post_date":"2022-09-12 21:36:27","post_date_gmt":"2022-09-12 11:36:27","post_content":"\n
Benjamin Cowen<\/a> is a well-regarded crypto analyst, using a historically accurate indicator he has found it likely that Bitcoin has hit its bottom or is very close to doing so.<\/p>\n\n\n\n
Cowen was recently featured<\/a> on Kitco News where he discussed his use of the metric. \"One of the interesting things about this chart is that historically, Bitcoin does not bottom until after they cross,\" he stated.<\/li><\/ul>\n\n\n\n
The indicator Cowen used is the Bitcoin Percentage Of Supply In Profit And Loss<\/a>. This indicates how many Bitcoins are at a profit or loss for their holders. Looking at the chart from a widened perspective Cowen shows how this metric has accompanied tops and bottoms over the long term.<\/li><\/ul>\n\n\n\n
Cowen added that they have recently just crossed each other and how the bottom typically occurs after they cross. \"When it comes up here, that\u2019s generally the time where you want to scale out when we\u2019re continuing to push those new all-time highs so to me this is an indicator that would suggest that if we did get another leg down there\u2019s a lot of evidence that could be the major bottom,\" he added.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bullish On Bitcoin, It\u2019s Trading At A Discount \u2013 Bloomberg Intelligence<\/a><\/p>\n\n\n\n
$\"Benjamin$
Benjamin Cowen Illustrating The Bitcoin Percentage Of Supply In Profit And Loss Metric Source: YouTube\/Kitco News<\/em><\/figcaption><\/figure>\n","post_title":"Bitcoins Bottom Is Likely In, Crypto Analyst Benjamin Cowen","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoins-bottom-is-likely-in-crypto-analyst-benjamin-cowen","to_ping":"","pinged":"","post_modified":"2023-04-11 00:07:43","post_modified_gmt":"2023-04-10 14:07:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7107","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7093,"post_author":"1","post_date":"2022-09-11 19:27:57","post_date_gmt":"2022-09-11 09:27:57","post_content":"\n
Mike McGlone is a senior strategist at Bloomberg Intelligence, has recently shared multiple on Twitter discussing various commodities and concerns related to the current state of markets worldwide.<\/p>\n\n\n\n
In one tweet McGlone outlined his September Crypto Outlook<\/a><\/em> where he believes that the world is leaning towards a recession in light of recent events including the tightening of interest rates by the Federal Reserve.<\/li><\/ul>\n\n\n\n
A key indicator that had encouraged the Fed's fight against inflation was the soar in energy prices. This pressured high-risk assets, namely cryptocurrencies, and once the dust settles from recent events crypto prices will start to \"bouy\" as \u201ccrude oil decline may fuel Bitcoin recovery.\u201d Reuters recently reported<\/a> that the Strategic Petroleum Reserve (SPR) fell to its lowest level in more than 35 years.<\/li><\/ul>\n\n\n\n
Price data from 2018-19 was compared to price data from today showing a similar benchmark where \"Bitcoin is at a discount within an elongated bull market.\"<\/li><\/ul>\n\n\n\n
$\""Too$
Bitcoin Price Data. Source: Bloomberg Intelligence<\/figcaption><\/figure>\n\n\n\n
In an interview<\/a> with Bell Media, McGlone believes that cryptocurrencies will continue to outperform traditional assets with declining volatility. He hints at being bullish on Bitcoin believing will put in a bottom at, or below $20,000 similar to 2018 and 2013 before going into an upward trajectory.<\/li><\/ul>\n\n\n\n
McGlone hinted at Ethereum becoming a large part of the financial system as the merge<\/a> approaches due to its ability to make tokenized assets<\/a> readily accessible to the public just like ETFs had done with traditional assets.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Will Return \u2013 Ruchir Sharma, The Chairman Of Rockefeller International<\/a><\/p>\n","post_title":"Bullish On Bitcoin, It's Trading At A Discount - Bloomberg Intelligence","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bullish-on-bitcoin-its-trading-at-a-discount-bloomberg-intelligence","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/ethereum-proof-of-stake-merge-set-for-mid-september\/\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/\nhttps:\/\/www.thedistributed.co\/bitcoin-will-return-ruchir-sharma-the-chairman-of-rockefeller-international\/","post_modified":"2023-04-11 00:07:57","post_modified_gmt":"2023-04-10 14:07:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7093","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 15 16 17 18 19 … 41 Next

Most Read

The Coins

Binance Coin (BNB)

December 8, 2022 - Updated on January 15, 2023

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
\nhttps:\/\/www.youtube.com\/watch?v=H5j8mHKHScU\n<\/div>
Raoul Pal - Ask Me Anything<\/figcaption><\/figure>\n","post_title":"ETH Will Lead Charge Next Cycle Predicts Raoul Pal","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"eth-will-lead-charge-next-cycle-predicts-raoul-pal","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-misconceptions-with-the-ethereum-merge\/","post_modified":"2023-04-10 18:54:37","post_modified_gmt":"2023-04-10 08:54:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7229","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7153,"post_author":"1","post_date":"2022-09-19 20:57:39","post_date_gmt":"2022-09-19 10:57:39","post_content":"\n
Ethereum has just completed its merge<\/a> to a proof-of-stake<\/a> consensus from proof-of-work, could the primary source of validation bring in more institutional investors?<\/p>\n\n\n\n
\"They're [instiutional investors] looking for yield,\" said<\/a> FalconX CEO Raghu Yarlagadda in a recent interview with CoinDesk, \"with the ETH merge, the possibility of generating a sustainable, stable yield is interesting\" he added. <\/li><\/ul>\n\n\n\n
PoS is a consensus mechanism where transactions are validated through users staking their coins, in return for staking users will receive a small fee for playing their part. Currently, on Ethereum, this may yield users around 10-15% annually which makes it an alternative to typical bonds. <\/li><\/ul>\n\n\n\n
The reduced energy consumption could also make for a more eco-friendly investment in institutional eyes. Environmental, Social, and Governance (ESG) is a metric popular amongst various institutions, so Ethereum reducing its energy consumption by 99.95% and reducing<\/a> the world's energy consumption by 0.02% is a big plus.<\/li><\/ul>\n\n\n\n
Ethereum will also be more scarce now the merge has happened with annual issuance dropping ~90% to 600,000 per year and burning<\/a> of Ethereum transaction fees, along with staking taking even more Ethereum out of circulation.<\/li><\/ul>\n\n\n\n
Although it may attract institutional investors, using it in an institutional scene may not be the most efficient thing to do as of yet. Currently, Ethereum has 15 transactions per second (TP\/S) compared to VISA with ~1,700 and Solana at 2,300. The merge promises to make Ethereum more accessible which could bring scaling solutions to light that improve its lacking metrics.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Ethereum May Attract Institutional Investors \"Looking For Yield\"","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-may-attract-institutional-investors-looking-for-yield","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2023-04-10 18:54:55","post_modified_gmt":"2023-04-10 08:54:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7153","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7141,"post_author":"1","post_date":"2022-09-14 22:57:51","post_date_gmt":"2022-09-14 12:57:51","post_content":"\n
Do Kwon, co-founder of Terraform Labs has been issued an arrest warrant by a South Korean court in the wake of Terra Luna's collapse<\/a> earlier this year.<\/p>\n\n\n\n
A report<\/a> from South Korean news outlet Chosun Ilbo details that there were an additional 5 arrest warrants laid out. This includes Nicholas Platias, a founding member of Terraform Labs, and Han Mo, an employee. The charges being faced are for violating the Capital Markets Act. As prosecutors believe that Terra Luna falls under an \u201cinvestment contract security\u201d.<\/li><\/ul>\n\n\n\n
Although the warrant was issued by a South Korean court, key members of Terraform Labs including Kwon and the 5 other individuals are currently located in Singapore. As a result, the warrant is valid for the next year. This comes after South Korean authorities banned<\/a> Terra Luna's main designers from leaving the country.<\/li><\/ul>\n\n\n\n
After LUNA and sister stablecoin<\/a> UST collapsed earlier this year, investors were bought to outrage with a combined US$42B wiped out from the two coins alongside a 99.99% drop in price. In turn, investors were quick to sue Kwon and others for violating various laws and acts as rumors<\/a> were quick to spread in relation to the downfall.<\/li><\/ul>\n\n\n\n
See Related:<\/strong><\/em> War On Code \u2013 Tornado Cash Developer Alexey Pertsev Arrested<\/a><\/p>\n","post_title":"Terra's Do Kwon Wanted For Arrest By Seoul Court","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"terras-do-kwon-wanted-for-arrest-by-seoul-court","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-30 21:31:32","post_modified_gmt":"2023-04-30 11:31:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7141","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7107,"post_author":"1","post_date":"2022-09-12 21:36:27","post_date_gmt":"2022-09-12 11:36:27","post_content":"\n
Benjamin Cowen<\/a> is a well-regarded crypto analyst, using a historically accurate indicator he has found it likely that Bitcoin has hit its bottom or is very close to doing so.<\/p>\n\n\n\n
Cowen was recently featured<\/a> on Kitco News where he discussed his use of the metric. \"One of the interesting things about this chart is that historically, Bitcoin does not bottom until after they cross,\" he stated.<\/li><\/ul>\n\n\n\n
The indicator Cowen used is the Bitcoin Percentage Of Supply In Profit And Loss<\/a>. This indicates how many Bitcoins are at a profit or loss for their holders. Looking at the chart from a widened perspective Cowen shows how this metric has accompanied tops and bottoms over the long term.<\/li><\/ul>\n\n\n\n
Cowen added that they have recently just crossed each other and how the bottom typically occurs after they cross. \"When it comes up here, that\u2019s generally the time where you want to scale out when we\u2019re continuing to push those new all-time highs so to me this is an indicator that would suggest that if we did get another leg down there\u2019s a lot of evidence that could be the major bottom,\" he added.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bullish On Bitcoin, It\u2019s Trading At A Discount \u2013 Bloomberg Intelligence<\/a><\/p>\n\n\n\n
$\"Benjamin$
Benjamin Cowen Illustrating The Bitcoin Percentage Of Supply In Profit And Loss Metric Source: YouTube\/Kitco News<\/em><\/figcaption><\/figure>\n","post_title":"Bitcoins Bottom Is Likely In, Crypto Analyst Benjamin Cowen","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoins-bottom-is-likely-in-crypto-analyst-benjamin-cowen","to_ping":"","pinged":"","post_modified":"2023-04-11 00:07:43","post_modified_gmt":"2023-04-10 14:07:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7107","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7093,"post_author":"1","post_date":"2022-09-11 19:27:57","post_date_gmt":"2022-09-11 09:27:57","post_content":"\n
Mike McGlone is a senior strategist at Bloomberg Intelligence, has recently shared multiple on Twitter discussing various commodities and concerns related to the current state of markets worldwide.<\/p>\n\n\n\n
In one tweet McGlone outlined his September Crypto Outlook<\/a><\/em> where he believes that the world is leaning towards a recession in light of recent events including the tightening of interest rates by the Federal Reserve.<\/li><\/ul>\n\n\n\n
A key indicator that had encouraged the Fed's fight against inflation was the soar in energy prices. This pressured high-risk assets, namely cryptocurrencies, and once the dust settles from recent events crypto prices will start to \"bouy\" as \u201ccrude oil decline may fuel Bitcoin recovery.\u201d Reuters recently reported<\/a> that the Strategic Petroleum Reserve (SPR) fell to its lowest level in more than 35 years.<\/li><\/ul>\n\n\n\n
Price data from 2018-19 was compared to price data from today showing a similar benchmark where \"Bitcoin is at a discount within an elongated bull market.\"<\/li><\/ul>\n\n\n\n
$\""Too$
Bitcoin Price Data. Source: Bloomberg Intelligence<\/figcaption><\/figure>\n\n\n\n
In an interview<\/a> with Bell Media, McGlone believes that cryptocurrencies will continue to outperform traditional assets with declining volatility. He hints at being bullish on Bitcoin believing will put in a bottom at, or below $20,000 similar to 2018 and 2013 before going into an upward trajectory.<\/li><\/ul>\n\n\n\n
McGlone hinted at Ethereum becoming a large part of the financial system as the merge<\/a> approaches due to its ability to make tokenized assets<\/a> readily accessible to the public just like ETFs had done with traditional assets.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Will Return \u2013 Ruchir Sharma, The Chairman Of Rockefeller International<\/a><\/p>\n","post_title":"Bullish On Bitcoin, It's Trading At A Discount - Bloomberg Intelligence","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bullish-on-bitcoin-its-trading-at-a-discount-bloomberg-intelligence","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/ethereum-proof-of-stake-merge-set-for-mid-september\/\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/\nhttps:\/\/www.thedistributed.co\/bitcoin-will-return-ruchir-sharma-the-chairman-of-rockefeller-international\/","post_modified":"2023-04-11 00:07:57","post_modified_gmt":"2023-04-10 14:07:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7093","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 15 16 17 18 19 … 41 Next

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The Coins

Binance Coin (BNB)

December 8, 2022 - Updated on January 15, 2023

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

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Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

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Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

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November 24, 2024

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Follow The Distributed

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\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n\n\n\n
\nhttps:\/\/www.youtube.com\/watch?v=H5j8mHKHScU\n<\/div>
Raoul Pal - Ask Me Anything<\/figcaption><\/figure>\n","post_title":"ETH Will Lead Charge Next Cycle Predicts Raoul Pal","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"eth-will-lead-charge-next-cycle-predicts-raoul-pal","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-misconceptions-with-the-ethereum-merge\/","post_modified":"2023-04-10 18:54:37","post_modified_gmt":"2023-04-10 08:54:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7229","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7153,"post_author":"1","post_date":"2022-09-19 20:57:39","post_date_gmt":"2022-09-19 10:57:39","post_content":"\n
Ethereum has just completed its merge<\/a> to a proof-of-stake<\/a> consensus from proof-of-work, could the primary source of validation bring in more institutional investors?<\/p>\n\n\n\n
\"They're [instiutional investors] looking for yield,\" said<\/a> FalconX CEO Raghu Yarlagadda in a recent interview with CoinDesk, \"with the ETH merge, the possibility of generating a sustainable, stable yield is interesting\" he added. <\/li><\/ul>\n\n\n\n
PoS is a consensus mechanism where transactions are validated through users staking their coins, in return for staking users will receive a small fee for playing their part. Currently, on Ethereum, this may yield users around 10-15% annually which makes it an alternative to typical bonds. <\/li><\/ul>\n\n\n\n
The reduced energy consumption could also make for a more eco-friendly investment in institutional eyes. Environmental, Social, and Governance (ESG) is a metric popular amongst various institutions, so Ethereum reducing its energy consumption by 99.95% and reducing<\/a> the world's energy consumption by 0.02% is a big plus.<\/li><\/ul>\n\n\n\n
Ethereum will also be more scarce now the merge has happened with annual issuance dropping ~90% to 600,000 per year and burning<\/a> of Ethereum transaction fees, along with staking taking even more Ethereum out of circulation.<\/li><\/ul>\n\n\n\n
Although it may attract institutional investors, using it in an institutional scene may not be the most efficient thing to do as of yet. Currently, Ethereum has 15 transactions per second (TP\/S) compared to VISA with ~1,700 and Solana at 2,300. The merge promises to make Ethereum more accessible which could bring scaling solutions to light that improve its lacking metrics.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Ethereum May Attract Institutional Investors \"Looking For Yield\"","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-may-attract-institutional-investors-looking-for-yield","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2023-04-10 18:54:55","post_modified_gmt":"2023-04-10 08:54:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7153","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7141,"post_author":"1","post_date":"2022-09-14 22:57:51","post_date_gmt":"2022-09-14 12:57:51","post_content":"\n
Do Kwon, co-founder of Terraform Labs has been issued an arrest warrant by a South Korean court in the wake of Terra Luna's collapse<\/a> earlier this year.<\/p>\n\n\n\n
A report<\/a> from South Korean news outlet Chosun Ilbo details that there were an additional 5 arrest warrants laid out. This includes Nicholas Platias, a founding member of Terraform Labs, and Han Mo, an employee. The charges being faced are for violating the Capital Markets Act. As prosecutors believe that Terra Luna falls under an \u201cinvestment contract security\u201d.<\/li><\/ul>\n\n\n\n
Although the warrant was issued by a South Korean court, key members of Terraform Labs including Kwon and the 5 other individuals are currently located in Singapore. As a result, the warrant is valid for the next year. This comes after South Korean authorities banned<\/a> Terra Luna's main designers from leaving the country.<\/li><\/ul>\n\n\n\n
After LUNA and sister stablecoin<\/a> UST collapsed earlier this year, investors were bought to outrage with a combined US$42B wiped out from the two coins alongside a 99.99% drop in price. In turn, investors were quick to sue Kwon and others for violating various laws and acts as rumors<\/a> were quick to spread in relation to the downfall.<\/li><\/ul>\n\n\n\n
See Related:<\/strong><\/em> War On Code \u2013 Tornado Cash Developer Alexey Pertsev Arrested<\/a><\/p>\n","post_title":"Terra's Do Kwon Wanted For Arrest By Seoul Court","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"terras-do-kwon-wanted-for-arrest-by-seoul-court","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-30 21:31:32","post_modified_gmt":"2023-04-30 11:31:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7141","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7107,"post_author":"1","post_date":"2022-09-12 21:36:27","post_date_gmt":"2022-09-12 11:36:27","post_content":"\n
Benjamin Cowen<\/a> is a well-regarded crypto analyst, using a historically accurate indicator he has found it likely that Bitcoin has hit its bottom or is very close to doing so.<\/p>\n\n\n\n
Cowen was recently featured<\/a> on Kitco News where he discussed his use of the metric. \"One of the interesting things about this chart is that historically, Bitcoin does not bottom until after they cross,\" he stated.<\/li><\/ul>\n\n\n\n
The indicator Cowen used is the Bitcoin Percentage Of Supply In Profit And Loss<\/a>. This indicates how many Bitcoins are at a profit or loss for their holders. Looking at the chart from a widened perspective Cowen shows how this metric has accompanied tops and bottoms over the long term.<\/li><\/ul>\n\n\n\n
Cowen added that they have recently just crossed each other and how the bottom typically occurs after they cross. \"When it comes up here, that\u2019s generally the time where you want to scale out when we\u2019re continuing to push those new all-time highs so to me this is an indicator that would suggest that if we did get another leg down there\u2019s a lot of evidence that could be the major bottom,\" he added.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bullish On Bitcoin, It\u2019s Trading At A Discount \u2013 Bloomberg Intelligence<\/a><\/p>\n\n\n\n
$\"Benjamin$
Benjamin Cowen Illustrating The Bitcoin Percentage Of Supply In Profit And Loss Metric Source: YouTube\/Kitco News<\/em><\/figcaption><\/figure>\n","post_title":"Bitcoins Bottom Is Likely In, Crypto Analyst Benjamin Cowen","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoins-bottom-is-likely-in-crypto-analyst-benjamin-cowen","to_ping":"","pinged":"","post_modified":"2023-04-11 00:07:43","post_modified_gmt":"2023-04-10 14:07:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7107","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7093,"post_author":"1","post_date":"2022-09-11 19:27:57","post_date_gmt":"2022-09-11 09:27:57","post_content":"\n
Mike McGlone is a senior strategist at Bloomberg Intelligence, has recently shared multiple on Twitter discussing various commodities and concerns related to the current state of markets worldwide.<\/p>\n\n\n\n
In one tweet McGlone outlined his September Crypto Outlook<\/a><\/em> where he believes that the world is leaning towards a recession in light of recent events including the tightening of interest rates by the Federal Reserve.<\/li><\/ul>\n\n\n\n
A key indicator that had encouraged the Fed's fight against inflation was the soar in energy prices. This pressured high-risk assets, namely cryptocurrencies, and once the dust settles from recent events crypto prices will start to \"bouy\" as \u201ccrude oil decline may fuel Bitcoin recovery.\u201d Reuters recently reported<\/a> that the Strategic Petroleum Reserve (SPR) fell to its lowest level in more than 35 years.<\/li><\/ul>\n\n\n\n
Price data from 2018-19 was compared to price data from today showing a similar benchmark where \"Bitcoin is at a discount within an elongated bull market.\"<\/li><\/ul>\n\n\n\n
$\""Too$
Bitcoin Price Data. Source: Bloomberg Intelligence<\/figcaption><\/figure>\n\n\n\n
In an interview<\/a> with Bell Media, McGlone believes that cryptocurrencies will continue to outperform traditional assets with declining volatility. He hints at being bullish on Bitcoin believing will put in a bottom at, or below $20,000 similar to 2018 and 2013 before going into an upward trajectory.<\/li><\/ul>\n\n\n\n
McGlone hinted at Ethereum becoming a large part of the financial system as the merge<\/a> approaches due to its ability to make tokenized assets<\/a> readily accessible to the public just like ETFs had done with traditional assets.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Will Return \u2013 Ruchir Sharma, The Chairman Of Rockefeller International<\/a><\/p>\n","post_title":"Bullish On Bitcoin, It's Trading At A Discount - Bloomberg Intelligence","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bullish-on-bitcoin-its-trading-at-a-discount-bloomberg-intelligence","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/ethereum-proof-of-stake-merge-set-for-mid-september\/\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/\nhttps:\/\/www.thedistributed.co\/bitcoin-will-return-ruchir-sharma-the-chairman-of-rockefeller-international\/","post_modified":"2023-04-11 00:07:57","post_modified_gmt":"2023-04-10 14:07:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7093","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 15 16 17 18 19 … 41 Next

Most Read

The Coins

Binance Coin (BNB)

December 8, 2022 - Updated on January 15, 2023

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
He believes that you should follow what makes the most sense from your view - this added responsibility will likely form a better and stronger choice for yourself.<\/p>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n\n\n\n
\nhttps:\/\/www.youtube.com\/watch?v=H5j8mHKHScU\n<\/div>
Raoul Pal - Ask Me Anything<\/figcaption><\/figure>\n","post_title":"ETH Will Lead Charge Next Cycle Predicts Raoul Pal","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"eth-will-lead-charge-next-cycle-predicts-raoul-pal","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-misconceptions-with-the-ethereum-merge\/","post_modified":"2023-04-10 18:54:37","post_modified_gmt":"2023-04-10 08:54:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7229","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7153,"post_author":"1","post_date":"2022-09-19 20:57:39","post_date_gmt":"2022-09-19 10:57:39","post_content":"\n
Ethereum has just completed its merge<\/a> to a proof-of-stake<\/a> consensus from proof-of-work, could the primary source of validation bring in more institutional investors?<\/p>\n\n\n\n
\"They're [instiutional investors] looking for yield,\" said<\/a> FalconX CEO Raghu Yarlagadda in a recent interview with CoinDesk, \"with the ETH merge, the possibility of generating a sustainable, stable yield is interesting\" he added. <\/li><\/ul>\n\n\n\n
PoS is a consensus mechanism where transactions are validated through users staking their coins, in return for staking users will receive a small fee for playing their part. Currently, on Ethereum, this may yield users around 10-15% annually which makes it an alternative to typical bonds. <\/li><\/ul>\n\n\n\n
The reduced energy consumption could also make for a more eco-friendly investment in institutional eyes. Environmental, Social, and Governance (ESG) is a metric popular amongst various institutions, so Ethereum reducing its energy consumption by 99.95% and reducing<\/a> the world's energy consumption by 0.02% is a big plus.<\/li><\/ul>\n\n\n\n
Ethereum will also be more scarce now the merge has happened with annual issuance dropping ~90% to 600,000 per year and burning<\/a> of Ethereum transaction fees, along with staking taking even more Ethereum out of circulation.<\/li><\/ul>\n\n\n\n
Although it may attract institutional investors, using it in an institutional scene may not be the most efficient thing to do as of yet. Currently, Ethereum has 15 transactions per second (TP\/S) compared to VISA with ~1,700 and Solana at 2,300. The merge promises to make Ethereum more accessible which could bring scaling solutions to light that improve its lacking metrics.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Ethereum May Attract Institutional Investors \"Looking For Yield\"","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-may-attract-institutional-investors-looking-for-yield","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2023-04-10 18:54:55","post_modified_gmt":"2023-04-10 08:54:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7153","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7141,"post_author":"1","post_date":"2022-09-14 22:57:51","post_date_gmt":"2022-09-14 12:57:51","post_content":"\n
Do Kwon, co-founder of Terraform Labs has been issued an arrest warrant by a South Korean court in the wake of Terra Luna's collapse<\/a> earlier this year.<\/p>\n\n\n\n
A report<\/a> from South Korean news outlet Chosun Ilbo details that there were an additional 5 arrest warrants laid out. This includes Nicholas Platias, a founding member of Terraform Labs, and Han Mo, an employee. The charges being faced are for violating the Capital Markets Act. As prosecutors believe that Terra Luna falls under an \u201cinvestment contract security\u201d.<\/li><\/ul>\n\n\n\n
Although the warrant was issued by a South Korean court, key members of Terraform Labs including Kwon and the 5 other individuals are currently located in Singapore. As a result, the warrant is valid for the next year. This comes after South Korean authorities banned<\/a> Terra Luna's main designers from leaving the country.<\/li><\/ul>\n\n\n\n
After LUNA and sister stablecoin<\/a> UST collapsed earlier this year, investors were bought to outrage with a combined US$42B wiped out from the two coins alongside a 99.99% drop in price. In turn, investors were quick to sue Kwon and others for violating various laws and acts as rumors<\/a> were quick to spread in relation to the downfall.<\/li><\/ul>\n\n\n\n
See Related:<\/strong><\/em> War On Code \u2013 Tornado Cash Developer Alexey Pertsev Arrested<\/a><\/p>\n","post_title":"Terra's Do Kwon Wanted For Arrest By Seoul Court","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"terras-do-kwon-wanted-for-arrest-by-seoul-court","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-30 21:31:32","post_modified_gmt":"2023-04-30 11:31:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7141","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7107,"post_author":"1","post_date":"2022-09-12 21:36:27","post_date_gmt":"2022-09-12 11:36:27","post_content":"\n
Benjamin Cowen<\/a> is a well-regarded crypto analyst, using a historically accurate indicator he has found it likely that Bitcoin has hit its bottom or is very close to doing so.<\/p>\n\n\n\n
Cowen was recently featured<\/a> on Kitco News where he discussed his use of the metric. \"One of the interesting things about this chart is that historically, Bitcoin does not bottom until after they cross,\" he stated.<\/li><\/ul>\n\n\n\n
The indicator Cowen used is the Bitcoin Percentage Of Supply In Profit And Loss<\/a>. This indicates how many Bitcoins are at a profit or loss for their holders. Looking at the chart from a widened perspective Cowen shows how this metric has accompanied tops and bottoms over the long term.<\/li><\/ul>\n\n\n\n
Cowen added that they have recently just crossed each other and how the bottom typically occurs after they cross. \"When it comes up here, that\u2019s generally the time where you want to scale out when we\u2019re continuing to push those new all-time highs so to me this is an indicator that would suggest that if we did get another leg down there\u2019s a lot of evidence that could be the major bottom,\" he added.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bullish On Bitcoin, It\u2019s Trading At A Discount \u2013 Bloomberg Intelligence<\/a><\/p>\n\n\n\n
$\"Benjamin$
Benjamin Cowen Illustrating The Bitcoin Percentage Of Supply In Profit And Loss Metric Source: YouTube\/Kitco News<\/em><\/figcaption><\/figure>\n","post_title":"Bitcoins Bottom Is Likely In, Crypto Analyst Benjamin Cowen","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoins-bottom-is-likely-in-crypto-analyst-benjamin-cowen","to_ping":"","pinged":"","post_modified":"2023-04-11 00:07:43","post_modified_gmt":"2023-04-10 14:07:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7107","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7093,"post_author":"1","post_date":"2022-09-11 19:27:57","post_date_gmt":"2022-09-11 09:27:57","post_content":"\n
Mike McGlone is a senior strategist at Bloomberg Intelligence, has recently shared multiple on Twitter discussing various commodities and concerns related to the current state of markets worldwide.<\/p>\n\n\n\n
In one tweet McGlone outlined his September Crypto Outlook<\/a><\/em> where he believes that the world is leaning towards a recession in light of recent events including the tightening of interest rates by the Federal Reserve.<\/li><\/ul>\n\n\n\n
A key indicator that had encouraged the Fed's fight against inflation was the soar in energy prices. This pressured high-risk assets, namely cryptocurrencies, and once the dust settles from recent events crypto prices will start to \"bouy\" as \u201ccrude oil decline may fuel Bitcoin recovery.\u201d Reuters recently reported<\/a> that the Strategic Petroleum Reserve (SPR) fell to its lowest level in more than 35 years.<\/li><\/ul>\n\n\n\n
Price data from 2018-19 was compared to price data from today showing a similar benchmark where \"Bitcoin is at a discount within an elongated bull market.\"<\/li><\/ul>\n\n\n\n
$\""Too$
Bitcoin Price Data. Source: Bloomberg Intelligence<\/figcaption><\/figure>\n\n\n\n
In an interview<\/a> with Bell Media, McGlone believes that cryptocurrencies will continue to outperform traditional assets with declining volatility. He hints at being bullish on Bitcoin believing will put in a bottom at, or below $20,000 similar to 2018 and 2013 before going into an upward trajectory.<\/li><\/ul>\n\n\n\n
McGlone hinted at Ethereum becoming a large part of the financial system as the merge<\/a> approaches due to its ability to make tokenized assets<\/a> readily accessible to the public just like ETFs had done with traditional assets.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Will Return \u2013 Ruchir Sharma, The Chairman Of Rockefeller International<\/a><\/p>\n","post_title":"Bullish On Bitcoin, It's Trading At A Discount - Bloomberg Intelligence","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bullish-on-bitcoin-its-trading-at-a-discount-bloomberg-intelligence","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/ethereum-proof-of-stake-merge-set-for-mid-september\/\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/\nhttps:\/\/www.thedistributed.co\/bitcoin-will-return-ruchir-sharma-the-chairman-of-rockefeller-international\/","post_modified":"2023-04-11 00:07:57","post_modified_gmt":"2023-04-10 14:07:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7093","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 15 16 17 18 19 … 41 Next

Most Read

The Coins

Binance Coin (BNB)

December 8, 2022 - Updated on January 15, 2023

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Pal also recommends listening to a broad base of opinions when doing research for the upcoming markets. \"You weigh them [varying opinions] yourself, how important is that to me?... Having people's opposite opinions, differences, and nuances, is really important for the macro scenario...Once you start listening to a lot of people you can start formulating your own opinions.\" <\/p>\n\n\n\n
He believes that you should follow what makes the most sense from your view - this added responsibility will likely form a better and stronger choice for yourself.<\/p>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n\n\n\n
\nhttps:\/\/www.youtube.com\/watch?v=H5j8mHKHScU\n<\/div>
Raoul Pal - Ask Me Anything<\/figcaption><\/figure>\n","post_title":"ETH Will Lead Charge Next Cycle Predicts Raoul Pal","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"eth-will-lead-charge-next-cycle-predicts-raoul-pal","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-misconceptions-with-the-ethereum-merge\/","post_modified":"2023-04-10 18:54:37","post_modified_gmt":"2023-04-10 08:54:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7229","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7153,"post_author":"1","post_date":"2022-09-19 20:57:39","post_date_gmt":"2022-09-19 10:57:39","post_content":"\n
Ethereum has just completed its merge<\/a> to a proof-of-stake<\/a> consensus from proof-of-work, could the primary source of validation bring in more institutional investors?<\/p>\n\n\n\n
\"They're [instiutional investors] looking for yield,\" said<\/a> FalconX CEO Raghu Yarlagadda in a recent interview with CoinDesk, \"with the ETH merge, the possibility of generating a sustainable, stable yield is interesting\" he added. <\/li><\/ul>\n\n\n\n
PoS is a consensus mechanism where transactions are validated through users staking their coins, in return for staking users will receive a small fee for playing their part. Currently, on Ethereum, this may yield users around 10-15% annually which makes it an alternative to typical bonds. <\/li><\/ul>\n\n\n\n
The reduced energy consumption could also make for a more eco-friendly investment in institutional eyes. Environmental, Social, and Governance (ESG) is a metric popular amongst various institutions, so Ethereum reducing its energy consumption by 99.95% and reducing<\/a> the world's energy consumption by 0.02% is a big plus.<\/li><\/ul>\n\n\n\n
Ethereum will also be more scarce now the merge has happened with annual issuance dropping ~90% to 600,000 per year and burning<\/a> of Ethereum transaction fees, along with staking taking even more Ethereum out of circulation.<\/li><\/ul>\n\n\n\n
Although it may attract institutional investors, using it in an institutional scene may not be the most efficient thing to do as of yet. Currently, Ethereum has 15 transactions per second (TP\/S) compared to VISA with ~1,700 and Solana at 2,300. The merge promises to make Ethereum more accessible which could bring scaling solutions to light that improve its lacking metrics.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Ethereum May Attract Institutional Investors \"Looking For Yield\"","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-may-attract-institutional-investors-looking-for-yield","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2023-04-10 18:54:55","post_modified_gmt":"2023-04-10 08:54:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7153","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7141,"post_author":"1","post_date":"2022-09-14 22:57:51","post_date_gmt":"2022-09-14 12:57:51","post_content":"\n
Do Kwon, co-founder of Terraform Labs has been issued an arrest warrant by a South Korean court in the wake of Terra Luna's collapse<\/a> earlier this year.<\/p>\n\n\n\n
A report<\/a> from South Korean news outlet Chosun Ilbo details that there were an additional 5 arrest warrants laid out. This includes Nicholas Platias, a founding member of Terraform Labs, and Han Mo, an employee. The charges being faced are for violating the Capital Markets Act. As prosecutors believe that Terra Luna falls under an \u201cinvestment contract security\u201d.<\/li><\/ul>\n\n\n\n
Although the warrant was issued by a South Korean court, key members of Terraform Labs including Kwon and the 5 other individuals are currently located in Singapore. As a result, the warrant is valid for the next year. This comes after South Korean authorities banned<\/a> Terra Luna's main designers from leaving the country.<\/li><\/ul>\n\n\n\n
After LUNA and sister stablecoin<\/a> UST collapsed earlier this year, investors were bought to outrage with a combined US$42B wiped out from the two coins alongside a 99.99% drop in price. In turn, investors were quick to sue Kwon and others for violating various laws and acts as rumors<\/a> were quick to spread in relation to the downfall.<\/li><\/ul>\n\n\n\n
See Related:<\/strong><\/em> War On Code \u2013 Tornado Cash Developer Alexey Pertsev Arrested<\/a><\/p>\n","post_title":"Terra's Do Kwon Wanted For Arrest By Seoul Court","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"terras-do-kwon-wanted-for-arrest-by-seoul-court","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-30 21:31:32","post_modified_gmt":"2023-04-30 11:31:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7141","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7107,"post_author":"1","post_date":"2022-09-12 21:36:27","post_date_gmt":"2022-09-12 11:36:27","post_content":"\n
Benjamin Cowen<\/a> is a well-regarded crypto analyst, using a historically accurate indicator he has found it likely that Bitcoin has hit its bottom or is very close to doing so.<\/p>\n\n\n\n
Cowen was recently featured<\/a> on Kitco News where he discussed his use of the metric. \"One of the interesting things about this chart is that historically, Bitcoin does not bottom until after they cross,\" he stated.<\/li><\/ul>\n\n\n\n
The indicator Cowen used is the Bitcoin Percentage Of Supply In Profit And Loss<\/a>. This indicates how many Bitcoins are at a profit or loss for their holders. Looking at the chart from a widened perspective Cowen shows how this metric has accompanied tops and bottoms over the long term.<\/li><\/ul>\n\n\n\n
Cowen added that they have recently just crossed each other and how the bottom typically occurs after they cross. \"When it comes up here, that\u2019s generally the time where you want to scale out when we\u2019re continuing to push those new all-time highs so to me this is an indicator that would suggest that if we did get another leg down there\u2019s a lot of evidence that could be the major bottom,\" he added.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bullish On Bitcoin, It\u2019s Trading At A Discount \u2013 Bloomberg Intelligence<\/a><\/p>\n\n\n\n
$\"Benjamin$
Benjamin Cowen Illustrating The Bitcoin Percentage Of Supply In Profit And Loss Metric Source: YouTube\/Kitco News<\/em><\/figcaption><\/figure>\n","post_title":"Bitcoins Bottom Is Likely In, Crypto Analyst Benjamin Cowen","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoins-bottom-is-likely-in-crypto-analyst-benjamin-cowen","to_ping":"","pinged":"","post_modified":"2023-04-11 00:07:43","post_modified_gmt":"2023-04-10 14:07:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7107","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7093,"post_author":"1","post_date":"2022-09-11 19:27:57","post_date_gmt":"2022-09-11 09:27:57","post_content":"\n
Mike McGlone is a senior strategist at Bloomberg Intelligence, has recently shared multiple on Twitter discussing various commodities and concerns related to the current state of markets worldwide.<\/p>\n\n\n\n
In one tweet McGlone outlined his September Crypto Outlook<\/a><\/em> where he believes that the world is leaning towards a recession in light of recent events including the tightening of interest rates by the Federal Reserve.<\/li><\/ul>\n\n\n\n
A key indicator that had encouraged the Fed's fight against inflation was the soar in energy prices. This pressured high-risk assets, namely cryptocurrencies, and once the dust settles from recent events crypto prices will start to \"bouy\" as \u201ccrude oil decline may fuel Bitcoin recovery.\u201d Reuters recently reported<\/a> that the Strategic Petroleum Reserve (SPR) fell to its lowest level in more than 35 years.<\/li><\/ul>\n\n\n\n
Price data from 2018-19 was compared to price data from today showing a similar benchmark where \"Bitcoin is at a discount within an elongated bull market.\"<\/li><\/ul>\n\n\n\n
$\""Too$
Bitcoin Price Data. Source: Bloomberg Intelligence<\/figcaption><\/figure>\n\n\n\n
In an interview<\/a> with Bell Media, McGlone believes that cryptocurrencies will continue to outperform traditional assets with declining volatility. He hints at being bullish on Bitcoin believing will put in a bottom at, or below $20,000 similar to 2018 and 2013 before going into an upward trajectory.<\/li><\/ul>\n\n\n\n
McGlone hinted at Ethereum becoming a large part of the financial system as the merge<\/a> approaches due to its ability to make tokenized assets<\/a> readily accessible to the public just like ETFs had done with traditional assets.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Will Return \u2013 Ruchir Sharma, The Chairman Of Rockefeller International<\/a><\/p>\n","post_title":"Bullish On Bitcoin, It's Trading At A Discount - Bloomberg Intelligence","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bullish-on-bitcoin-its-trading-at-a-discount-bloomberg-intelligence","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/ethereum-proof-of-stake-merge-set-for-mid-september\/\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/\nhttps:\/\/www.thedistributed.co\/bitcoin-will-return-ruchir-sharma-the-chairman-of-rockefeller-international\/","post_modified":"2023-04-11 00:07:57","post_modified_gmt":"2023-04-10 14:07:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7093","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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Binance Coin (BNB)

December 8, 2022 - Updated on January 15, 2023

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November 24, 2024

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\n
Pal is keeping his eye on one Ethereum competitor though. \u201cI think a lot of these layer ones this time around will be like ETH in the last cycle. They\u2019ll end up becoming very large dominant chains. Which ones? I don\u2019t really know. My bet is really on Solana, but it could be any of these.\" He added that he is \"watching them and waiting to see,\" tracking SOL\/ETH using a DeMark indicator.<\/p>\n\n\n\n
Pal also recommends listening to a broad base of opinions when doing research for the upcoming markets. \"You weigh them [varying opinions] yourself, how important is that to me?... Having people's opposite opinions, differences, and nuances, is really important for the macro scenario...Once you start listening to a lot of people you can start formulating your own opinions.\" <\/p>\n\n\n\n
He believes that you should follow what makes the most sense from your view - this added responsibility will likely form a better and stronger choice for yourself.<\/p>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n\n\n\n
\nhttps:\/\/www.youtube.com\/watch?v=H5j8mHKHScU\n<\/div>
Raoul Pal - Ask Me Anything<\/figcaption><\/figure>\n","post_title":"ETH Will Lead Charge Next Cycle Predicts Raoul Pal","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"eth-will-lead-charge-next-cycle-predicts-raoul-pal","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-misconceptions-with-the-ethereum-merge\/","post_modified":"2023-04-10 18:54:37","post_modified_gmt":"2023-04-10 08:54:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7229","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7153,"post_author":"1","post_date":"2022-09-19 20:57:39","post_date_gmt":"2022-09-19 10:57:39","post_content":"\n
Ethereum has just completed its merge<\/a> to a proof-of-stake<\/a> consensus from proof-of-work, could the primary source of validation bring in more institutional investors?<\/p>\n\n\n\n
\"They're [instiutional investors] looking for yield,\" said<\/a> FalconX CEO Raghu Yarlagadda in a recent interview with CoinDesk, \"with the ETH merge, the possibility of generating a sustainable, stable yield is interesting\" he added. <\/li><\/ul>\n\n\n\n
PoS is a consensus mechanism where transactions are validated through users staking their coins, in return for staking users will receive a small fee for playing their part. Currently, on Ethereum, this may yield users around 10-15% annually which makes it an alternative to typical bonds. <\/li><\/ul>\n\n\n\n
The reduced energy consumption could also make for a more eco-friendly investment in institutional eyes. Environmental, Social, and Governance (ESG) is a metric popular amongst various institutions, so Ethereum reducing its energy consumption by 99.95% and reducing<\/a> the world's energy consumption by 0.02% is a big plus.<\/li><\/ul>\n\n\n\n
Ethereum will also be more scarce now the merge has happened with annual issuance dropping ~90% to 600,000 per year and burning<\/a> of Ethereum transaction fees, along with staking taking even more Ethereum out of circulation.<\/li><\/ul>\n\n\n\n
Although it may attract institutional investors, using it in an institutional scene may not be the most efficient thing to do as of yet. Currently, Ethereum has 15 transactions per second (TP\/S) compared to VISA with ~1,700 and Solana at 2,300. The merge promises to make Ethereum more accessible which could bring scaling solutions to light that improve its lacking metrics.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Ethereum May Attract Institutional Investors \"Looking For Yield\"","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-may-attract-institutional-investors-looking-for-yield","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2023-04-10 18:54:55","post_modified_gmt":"2023-04-10 08:54:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7153","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7141,"post_author":"1","post_date":"2022-09-14 22:57:51","post_date_gmt":"2022-09-14 12:57:51","post_content":"\n
Do Kwon, co-founder of Terraform Labs has been issued an arrest warrant by a South Korean court in the wake of Terra Luna's collapse<\/a> earlier this year.<\/p>\n\n\n\n
A report<\/a> from South Korean news outlet Chosun Ilbo details that there were an additional 5 arrest warrants laid out. This includes Nicholas Platias, a founding member of Terraform Labs, and Han Mo, an employee. The charges being faced are for violating the Capital Markets Act. As prosecutors believe that Terra Luna falls under an \u201cinvestment contract security\u201d.<\/li><\/ul>\n\n\n\n
Although the warrant was issued by a South Korean court, key members of Terraform Labs including Kwon and the 5 other individuals are currently located in Singapore. As a result, the warrant is valid for the next year. This comes after South Korean authorities banned<\/a> Terra Luna's main designers from leaving the country.<\/li><\/ul>\n\n\n\n
After LUNA and sister stablecoin<\/a> UST collapsed earlier this year, investors were bought to outrage with a combined US$42B wiped out from the two coins alongside a 99.99% drop in price. In turn, investors were quick to sue Kwon and others for violating various laws and acts as rumors<\/a> were quick to spread in relation to the downfall.<\/li><\/ul>\n\n\n\n
See Related:<\/strong><\/em> War On Code \u2013 Tornado Cash Developer Alexey Pertsev Arrested<\/a><\/p>\n","post_title":"Terra's Do Kwon Wanted For Arrest By Seoul Court","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"terras-do-kwon-wanted-for-arrest-by-seoul-court","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-30 21:31:32","post_modified_gmt":"2023-04-30 11:31:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7141","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7107,"post_author":"1","post_date":"2022-09-12 21:36:27","post_date_gmt":"2022-09-12 11:36:27","post_content":"\n
Benjamin Cowen<\/a> is a well-regarded crypto analyst, using a historically accurate indicator he has found it likely that Bitcoin has hit its bottom or is very close to doing so.<\/p>\n\n\n\n
Cowen was recently featured<\/a> on Kitco News where he discussed his use of the metric. \"One of the interesting things about this chart is that historically, Bitcoin does not bottom until after they cross,\" he stated.<\/li><\/ul>\n\n\n\n
The indicator Cowen used is the Bitcoin Percentage Of Supply In Profit And Loss<\/a>. This indicates how many Bitcoins are at a profit or loss for their holders. Looking at the chart from a widened perspective Cowen shows how this metric has accompanied tops and bottoms over the long term.<\/li><\/ul>\n\n\n\n
Cowen added that they have recently just crossed each other and how the bottom typically occurs after they cross. \"When it comes up here, that\u2019s generally the time where you want to scale out when we\u2019re continuing to push those new all-time highs so to me this is an indicator that would suggest that if we did get another leg down there\u2019s a lot of evidence that could be the major bottom,\" he added.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bullish On Bitcoin, It\u2019s Trading At A Discount \u2013 Bloomberg Intelligence<\/a><\/p>\n\n\n\n
$\"Benjamin$
Benjamin Cowen Illustrating The Bitcoin Percentage Of Supply In Profit And Loss Metric Source: YouTube\/Kitco News<\/em><\/figcaption><\/figure>\n","post_title":"Bitcoins Bottom Is Likely In, Crypto Analyst Benjamin Cowen","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoins-bottom-is-likely-in-crypto-analyst-benjamin-cowen","to_ping":"","pinged":"","post_modified":"2023-04-11 00:07:43","post_modified_gmt":"2023-04-10 14:07:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7107","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7093,"post_author":"1","post_date":"2022-09-11 19:27:57","post_date_gmt":"2022-09-11 09:27:57","post_content":"\n
Mike McGlone is a senior strategist at Bloomberg Intelligence, has recently shared multiple on Twitter discussing various commodities and concerns related to the current state of markets worldwide.<\/p>\n\n\n\n
In one tweet McGlone outlined his September Crypto Outlook<\/a><\/em> where he believes that the world is leaning towards a recession in light of recent events including the tightening of interest rates by the Federal Reserve.<\/li><\/ul>\n\n\n\n
A key indicator that had encouraged the Fed's fight against inflation was the soar in energy prices. This pressured high-risk assets, namely cryptocurrencies, and once the dust settles from recent events crypto prices will start to \"bouy\" as \u201ccrude oil decline may fuel Bitcoin recovery.\u201d Reuters recently reported<\/a> that the Strategic Petroleum Reserve (SPR) fell to its lowest level in more than 35 years.<\/li><\/ul>\n\n\n\n
Price data from 2018-19 was compared to price data from today showing a similar benchmark where \"Bitcoin is at a discount within an elongated bull market.\"<\/li><\/ul>\n\n\n\n
$\""Too$
Bitcoin Price Data. Source: Bloomberg Intelligence<\/figcaption><\/figure>\n\n\n\n
In an interview<\/a> with Bell Media, McGlone believes that cryptocurrencies will continue to outperform traditional assets with declining volatility. He hints at being bullish on Bitcoin believing will put in a bottom at, or below $20,000 similar to 2018 and 2013 before going into an upward trajectory.<\/li><\/ul>\n\n\n\n
McGlone hinted at Ethereum becoming a large part of the financial system as the merge<\/a> approaches due to its ability to make tokenized assets<\/a> readily accessible to the public just like ETFs had done with traditional assets.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Will Return \u2013 Ruchir Sharma, The Chairman Of Rockefeller International<\/a><\/p>\n","post_title":"Bullish On Bitcoin, It's Trading At A Discount - Bloomberg Intelligence","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bullish-on-bitcoin-its-trading-at-a-discount-bloomberg-intelligence","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/ethereum-proof-of-stake-merge-set-for-mid-september\/\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/\nhttps:\/\/www.thedistributed.co\/bitcoin-will-return-ruchir-sharma-the-chairman-of-rockefeller-international\/","post_modified":"2023-04-11 00:07:57","post_modified_gmt":"2023-04-10 14:07:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7093","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 15 16 17 18 19 … 41 Next

Most Read

The Coins

Binance Coin (BNB)

December 8, 2022 - Updated on January 15, 2023

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Pal recently hosted<\/a> an ask me anything (AMA). Amongst various different questions, Pal predicted that \u201cas adoption keeps building, a lot of adoption spills outside of ETH into the Solana, Avalanche, and a bunch of other protocols as well.\" He added that \"we\u2019re going to see ETH lead the charge, and then we\u2019ll see this tail of stuff starting to come as we start a new bull market and generally things work that way.\u201d<\/p>\n\n\n\n
Pal is keeping his eye on one Ethereum competitor though. \u201cI think a lot of these layer ones this time around will be like ETH in the last cycle. They\u2019ll end up becoming very large dominant chains. Which ones? I don\u2019t really know. My bet is really on Solana, but it could be any of these.\" He added that he is \"watching them and waiting to see,\" tracking SOL\/ETH using a DeMark indicator.<\/p>\n\n\n\n
Pal also recommends listening to a broad base of opinions when doing research for the upcoming markets. \"You weigh them [varying opinions] yourself, how important is that to me?... Having people's opposite opinions, differences, and nuances, is really important for the macro scenario...Once you start listening to a lot of people you can start formulating your own opinions.\" <\/p>\n\n\n\n
He believes that you should follow what makes the most sense from your view - this added responsibility will likely form a better and stronger choice for yourself.<\/p>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n\n\n\n
\nhttps:\/\/www.youtube.com\/watch?v=H5j8mHKHScU\n<\/div>
Raoul Pal - Ask Me Anything<\/figcaption><\/figure>\n","post_title":"ETH Will Lead Charge Next Cycle Predicts Raoul Pal","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"eth-will-lead-charge-next-cycle-predicts-raoul-pal","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-misconceptions-with-the-ethereum-merge\/","post_modified":"2023-04-10 18:54:37","post_modified_gmt":"2023-04-10 08:54:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7229","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7153,"post_author":"1","post_date":"2022-09-19 20:57:39","post_date_gmt":"2022-09-19 10:57:39","post_content":"\n
Ethereum has just completed its merge<\/a> to a proof-of-stake<\/a> consensus from proof-of-work, could the primary source of validation bring in more institutional investors?<\/p>\n\n\n\n
\"They're [instiutional investors] looking for yield,\" said<\/a> FalconX CEO Raghu Yarlagadda in a recent interview with CoinDesk, \"with the ETH merge, the possibility of generating a sustainable, stable yield is interesting\" he added. <\/li><\/ul>\n\n\n\n
PoS is a consensus mechanism where transactions are validated through users staking their coins, in return for staking users will receive a small fee for playing their part. Currently, on Ethereum, this may yield users around 10-15% annually which makes it an alternative to typical bonds. <\/li><\/ul>\n\n\n\n
The reduced energy consumption could also make for a more eco-friendly investment in institutional eyes. Environmental, Social, and Governance (ESG) is a metric popular amongst various institutions, so Ethereum reducing its energy consumption by 99.95% and reducing<\/a> the world's energy consumption by 0.02% is a big plus.<\/li><\/ul>\n\n\n\n
Ethereum will also be more scarce now the merge has happened with annual issuance dropping ~90% to 600,000 per year and burning<\/a> of Ethereum transaction fees, along with staking taking even more Ethereum out of circulation.<\/li><\/ul>\n\n\n\n
Although it may attract institutional investors, using it in an institutional scene may not be the most efficient thing to do as of yet. Currently, Ethereum has 15 transactions per second (TP\/S) compared to VISA with ~1,700 and Solana at 2,300. The merge promises to make Ethereum more accessible which could bring scaling solutions to light that improve its lacking metrics.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Ethereum May Attract Institutional Investors \"Looking For Yield\"","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-may-attract-institutional-investors-looking-for-yield","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2023-04-10 18:54:55","post_modified_gmt":"2023-04-10 08:54:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7153","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7141,"post_author":"1","post_date":"2022-09-14 22:57:51","post_date_gmt":"2022-09-14 12:57:51","post_content":"\n
Do Kwon, co-founder of Terraform Labs has been issued an arrest warrant by a South Korean court in the wake of Terra Luna's collapse<\/a> earlier this year.<\/p>\n\n\n\n
A report<\/a> from South Korean news outlet Chosun Ilbo details that there were an additional 5 arrest warrants laid out. This includes Nicholas Platias, a founding member of Terraform Labs, and Han Mo, an employee. The charges being faced are for violating the Capital Markets Act. As prosecutors believe that Terra Luna falls under an \u201cinvestment contract security\u201d.<\/li><\/ul>\n\n\n\n
Although the warrant was issued by a South Korean court, key members of Terraform Labs including Kwon and the 5 other individuals are currently located in Singapore. As a result, the warrant is valid for the next year. This comes after South Korean authorities banned<\/a> Terra Luna's main designers from leaving the country.<\/li><\/ul>\n\n\n\n
After LUNA and sister stablecoin<\/a> UST collapsed earlier this year, investors were bought to outrage with a combined US$42B wiped out from the two coins alongside a 99.99% drop in price. In turn, investors were quick to sue Kwon and others for violating various laws and acts as rumors<\/a> were quick to spread in relation to the downfall.<\/li><\/ul>\n\n\n\n
See Related:<\/strong><\/em> War On Code \u2013 Tornado Cash Developer Alexey Pertsev Arrested<\/a><\/p>\n","post_title":"Terra's Do Kwon Wanted For Arrest By Seoul Court","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"terras-do-kwon-wanted-for-arrest-by-seoul-court","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-30 21:31:32","post_modified_gmt":"2023-04-30 11:31:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7141","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7107,"post_author":"1","post_date":"2022-09-12 21:36:27","post_date_gmt":"2022-09-12 11:36:27","post_content":"\n
Benjamin Cowen<\/a> is a well-regarded crypto analyst, using a historically accurate indicator he has found it likely that Bitcoin has hit its bottom or is very close to doing so.<\/p>\n\n\n\n
Cowen was recently featured<\/a> on Kitco News where he discussed his use of the metric. \"One of the interesting things about this chart is that historically, Bitcoin does not bottom until after they cross,\" he stated.<\/li><\/ul>\n\n\n\n
The indicator Cowen used is the Bitcoin Percentage Of Supply In Profit And Loss<\/a>. This indicates how many Bitcoins are at a profit or loss for their holders. Looking at the chart from a widened perspective Cowen shows how this metric has accompanied tops and bottoms over the long term.<\/li><\/ul>\n\n\n\n
Cowen added that they have recently just crossed each other and how the bottom typically occurs after they cross. \"When it comes up here, that\u2019s generally the time where you want to scale out when we\u2019re continuing to push those new all-time highs so to me this is an indicator that would suggest that if we did get another leg down there\u2019s a lot of evidence that could be the major bottom,\" he added.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bullish On Bitcoin, It\u2019s Trading At A Discount \u2013 Bloomberg Intelligence<\/a><\/p>\n\n\n\n
$\"Benjamin$
Benjamin Cowen Illustrating The Bitcoin Percentage Of Supply In Profit And Loss Metric Source: YouTube\/Kitco News<\/em><\/figcaption><\/figure>\n","post_title":"Bitcoins Bottom Is Likely In, Crypto Analyst Benjamin Cowen","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoins-bottom-is-likely-in-crypto-analyst-benjamin-cowen","to_ping":"","pinged":"","post_modified":"2023-04-11 00:07:43","post_modified_gmt":"2023-04-10 14:07:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7107","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7093,"post_author":"1","post_date":"2022-09-11 19:27:57","post_date_gmt":"2022-09-11 09:27:57","post_content":"\n
Mike McGlone is a senior strategist at Bloomberg Intelligence, has recently shared multiple on Twitter discussing various commodities and concerns related to the current state of markets worldwide.<\/p>\n\n\n\n
In one tweet McGlone outlined his September Crypto Outlook<\/a><\/em> where he believes that the world is leaning towards a recession in light of recent events including the tightening of interest rates by the Federal Reserve.<\/li><\/ul>\n\n\n\n
A key indicator that had encouraged the Fed's fight against inflation was the soar in energy prices. This pressured high-risk assets, namely cryptocurrencies, and once the dust settles from recent events crypto prices will start to \"bouy\" as \u201ccrude oil decline may fuel Bitcoin recovery.\u201d Reuters recently reported<\/a> that the Strategic Petroleum Reserve (SPR) fell to its lowest level in more than 35 years.<\/li><\/ul>\n\n\n\n
Price data from 2018-19 was compared to price data from today showing a similar benchmark where \"Bitcoin is at a discount within an elongated bull market.\"<\/li><\/ul>\n\n\n\n
$\""Too$
Bitcoin Price Data. Source: Bloomberg Intelligence<\/figcaption><\/figure>\n\n\n\n
In an interview<\/a> with Bell Media, McGlone believes that cryptocurrencies will continue to outperform traditional assets with declining volatility. He hints at being bullish on Bitcoin believing will put in a bottom at, or below $20,000 similar to 2018 and 2013 before going into an upward trajectory.<\/li><\/ul>\n\n\n\n
McGlone hinted at Ethereum becoming a large part of the financial system as the merge<\/a> approaches due to its ability to make tokenized assets<\/a> readily accessible to the public just like ETFs had done with traditional assets.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Will Return \u2013 Ruchir Sharma, The Chairman Of Rockefeller International<\/a><\/p>\n","post_title":"Bullish On Bitcoin, It's Trading At A Discount - Bloomberg Intelligence","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bullish-on-bitcoin-its-trading-at-a-discount-bloomberg-intelligence","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/ethereum-proof-of-stake-merge-set-for-mid-september\/\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/\nhttps:\/\/www.thedistributed.co\/bitcoin-will-return-ruchir-sharma-the-chairman-of-rockefeller-international\/","post_modified":"2023-04-11 00:07:57","post_modified_gmt":"2023-04-10 14:07:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7093","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 15 16 17 18 19 … 41 Next

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The Coins

Binance Coin (BNB)

December 8, 2022 - Updated on January 15, 2023

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Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

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November 24, 2024

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\n
Raoul Pal, a former executive at Goldman Sachs and macro expert believes that Ethereum could lead markets in the next bull cycle.<\/p>\n\n\n\n
Pal recently hosted<\/a> an ask me anything (AMA). Amongst various different questions, Pal predicted that \u201cas adoption keeps building, a lot of adoption spills outside of ETH into the Solana, Avalanche, and a bunch of other protocols as well.\" He added that \"we\u2019re going to see ETH lead the charge, and then we\u2019ll see this tail of stuff starting to come as we start a new bull market and generally things work that way.\u201d<\/p>\n\n\n\n
Pal is keeping his eye on one Ethereum competitor though. \u201cI think a lot of these layer ones this time around will be like ETH in the last cycle. They\u2019ll end up becoming very large dominant chains. Which ones? I don\u2019t really know. My bet is really on Solana, but it could be any of these.\" He added that he is \"watching them and waiting to see,\" tracking SOL\/ETH using a DeMark indicator.<\/p>\n\n\n\n
Pal also recommends listening to a broad base of opinions when doing research for the upcoming markets. \"You weigh them [varying opinions] yourself, how important is that to me?... Having people's opposite opinions, differences, and nuances, is really important for the macro scenario...Once you start listening to a lot of people you can start formulating your own opinions.\" <\/p>\n\n\n\n
He believes that you should follow what makes the most sense from your view - this added responsibility will likely form a better and stronger choice for yourself.<\/p>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n\n\n\n
\nhttps:\/\/www.youtube.com\/watch?v=H5j8mHKHScU\n<\/div>
Raoul Pal - Ask Me Anything<\/figcaption><\/figure>\n","post_title":"ETH Will Lead Charge Next Cycle Predicts Raoul Pal","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"eth-will-lead-charge-next-cycle-predicts-raoul-pal","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-misconceptions-with-the-ethereum-merge\/","post_modified":"2023-04-10 18:54:37","post_modified_gmt":"2023-04-10 08:54:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7229","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7153,"post_author":"1","post_date":"2022-09-19 20:57:39","post_date_gmt":"2022-09-19 10:57:39","post_content":"\n
Ethereum has just completed its merge<\/a> to a proof-of-stake<\/a> consensus from proof-of-work, could the primary source of validation bring in more institutional investors?<\/p>\n\n\n\n
\"They're [instiutional investors] looking for yield,\" said<\/a> FalconX CEO Raghu Yarlagadda in a recent interview with CoinDesk, \"with the ETH merge, the possibility of generating a sustainable, stable yield is interesting\" he added. <\/li><\/ul>\n\n\n\n
PoS is a consensus mechanism where transactions are validated through users staking their coins, in return for staking users will receive a small fee for playing their part. Currently, on Ethereum, this may yield users around 10-15% annually which makes it an alternative to typical bonds. <\/li><\/ul>\n\n\n\n
The reduced energy consumption could also make for a more eco-friendly investment in institutional eyes. Environmental, Social, and Governance (ESG) is a metric popular amongst various institutions, so Ethereum reducing its energy consumption by 99.95% and reducing<\/a> the world's energy consumption by 0.02% is a big plus.<\/li><\/ul>\n\n\n\n
Ethereum will also be more scarce now the merge has happened with annual issuance dropping ~90% to 600,000 per year and burning<\/a> of Ethereum transaction fees, along with staking taking even more Ethereum out of circulation.<\/li><\/ul>\n\n\n\n
Although it may attract institutional investors, using it in an institutional scene may not be the most efficient thing to do as of yet. Currently, Ethereum has 15 transactions per second (TP\/S) compared to VISA with ~1,700 and Solana at 2,300. The merge promises to make Ethereum more accessible which could bring scaling solutions to light that improve its lacking metrics.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Ethereum May Attract Institutional Investors \"Looking For Yield\"","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-may-attract-institutional-investors-looking-for-yield","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2023-04-10 18:54:55","post_modified_gmt":"2023-04-10 08:54:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7153","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7141,"post_author":"1","post_date":"2022-09-14 22:57:51","post_date_gmt":"2022-09-14 12:57:51","post_content":"\n
Do Kwon, co-founder of Terraform Labs has been issued an arrest warrant by a South Korean court in the wake of Terra Luna's collapse<\/a> earlier this year.<\/p>\n\n\n\n
A report<\/a> from South Korean news outlet Chosun Ilbo details that there were an additional 5 arrest warrants laid out. This includes Nicholas Platias, a founding member of Terraform Labs, and Han Mo, an employee. The charges being faced are for violating the Capital Markets Act. As prosecutors believe that Terra Luna falls under an \u201cinvestment contract security\u201d.<\/li><\/ul>\n\n\n\n
Although the warrant was issued by a South Korean court, key members of Terraform Labs including Kwon and the 5 other individuals are currently located in Singapore. As a result, the warrant is valid for the next year. This comes after South Korean authorities banned<\/a> Terra Luna's main designers from leaving the country.<\/li><\/ul>\n\n\n\n
After LUNA and sister stablecoin<\/a> UST collapsed earlier this year, investors were bought to outrage with a combined US$42B wiped out from the two coins alongside a 99.99% drop in price. In turn, investors were quick to sue Kwon and others for violating various laws and acts as rumors<\/a> were quick to spread in relation to the downfall.<\/li><\/ul>\n\n\n\n
See Related:<\/strong><\/em> War On Code \u2013 Tornado Cash Developer Alexey Pertsev Arrested<\/a><\/p>\n","post_title":"Terra's Do Kwon Wanted For Arrest By Seoul Court","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"terras-do-kwon-wanted-for-arrest-by-seoul-court","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-30 21:31:32","post_modified_gmt":"2023-04-30 11:31:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7141","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7107,"post_author":"1","post_date":"2022-09-12 21:36:27","post_date_gmt":"2022-09-12 11:36:27","post_content":"\n
Benjamin Cowen<\/a> is a well-regarded crypto analyst, using a historically accurate indicator he has found it likely that Bitcoin has hit its bottom or is very close to doing so.<\/p>\n\n\n\n
Cowen was recently featured<\/a> on Kitco News where he discussed his use of the metric. \"One of the interesting things about this chart is that historically, Bitcoin does not bottom until after they cross,\" he stated.<\/li><\/ul>\n\n\n\n
The indicator Cowen used is the Bitcoin Percentage Of Supply In Profit And Loss<\/a>. This indicates how many Bitcoins are at a profit or loss for their holders. Looking at the chart from a widened perspective Cowen shows how this metric has accompanied tops and bottoms over the long term.<\/li><\/ul>\n\n\n\n
Cowen added that they have recently just crossed each other and how the bottom typically occurs after they cross. \"When it comes up here, that\u2019s generally the time where you want to scale out when we\u2019re continuing to push those new all-time highs so to me this is an indicator that would suggest that if we did get another leg down there\u2019s a lot of evidence that could be the major bottom,\" he added.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bullish On Bitcoin, It\u2019s Trading At A Discount \u2013 Bloomberg Intelligence<\/a><\/p>\n\n\n\n
$\"Benjamin$
Benjamin Cowen Illustrating The Bitcoin Percentage Of Supply In Profit And Loss Metric Source: YouTube\/Kitco News<\/em><\/figcaption><\/figure>\n","post_title":"Bitcoins Bottom Is Likely In, Crypto Analyst Benjamin Cowen","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoins-bottom-is-likely-in-crypto-analyst-benjamin-cowen","to_ping":"","pinged":"","post_modified":"2023-04-11 00:07:43","post_modified_gmt":"2023-04-10 14:07:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7107","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7093,"post_author":"1","post_date":"2022-09-11 19:27:57","post_date_gmt":"2022-09-11 09:27:57","post_content":"\n
Mike McGlone is a senior strategist at Bloomberg Intelligence, has recently shared multiple on Twitter discussing various commodities and concerns related to the current state of markets worldwide.<\/p>\n\n\n\n
In one tweet McGlone outlined his September Crypto Outlook<\/a><\/em> where he believes that the world is leaning towards a recession in light of recent events including the tightening of interest rates by the Federal Reserve.<\/li><\/ul>\n\n\n\n
A key indicator that had encouraged the Fed's fight against inflation was the soar in energy prices. This pressured high-risk assets, namely cryptocurrencies, and once the dust settles from recent events crypto prices will start to \"bouy\" as \u201ccrude oil decline may fuel Bitcoin recovery.\u201d Reuters recently reported<\/a> that the Strategic Petroleum Reserve (SPR) fell to its lowest level in more than 35 years.<\/li><\/ul>\n\n\n\n
Price data from 2018-19 was compared to price data from today showing a similar benchmark where \"Bitcoin is at a discount within an elongated bull market.\"<\/li><\/ul>\n\n\n\n
$\""Too$
Bitcoin Price Data. Source: Bloomberg Intelligence<\/figcaption><\/figure>\n\n\n\n
In an interview<\/a> with Bell Media, McGlone believes that cryptocurrencies will continue to outperform traditional assets with declining volatility. He hints at being bullish on Bitcoin believing will put in a bottom at, or below $20,000 similar to 2018 and 2013 before going into an upward trajectory.<\/li><\/ul>\n\n\n\n
McGlone hinted at Ethereum becoming a large part of the financial system as the merge<\/a> approaches due to its ability to make tokenized assets<\/a> readily accessible to the public just like ETFs had done with traditional assets.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Will Return \u2013 Ruchir Sharma, The Chairman Of Rockefeller International<\/a><\/p>\n","post_title":"Bullish On Bitcoin, It's Trading At A Discount - Bloomberg Intelligence","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bullish-on-bitcoin-its-trading-at-a-discount-bloomberg-intelligence","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/ethereum-proof-of-stake-merge-set-for-mid-september\/\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/\nhttps:\/\/www.thedistributed.co\/bitcoin-will-return-ruchir-sharma-the-chairman-of-rockefeller-international\/","post_modified":"2023-04-11 00:07:57","post_modified_gmt":"2023-04-10 14:07:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7093","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 15 16 17 18 19 … 41 Next

Most Read

The Coins

Binance Coin (BNB)

December 8, 2022 - Updated on January 15, 2023

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
See Related:<\/em><\/strong> Tethers Peso-Backed Stablecoin MXNT Launches In Mexico<\/a><\/p>\n","post_title":"Tether Ordered To Reveal USDTs Exact Backings","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tether-ordered-to-reveal-usdts-exact-backings","to_ping":"","pinged":"","post_modified":"2023-04-10 18:53:49","post_modified_gmt":"2023-04-10 08:53:49","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7259","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7229,"post_author":"1","post_date":"2022-09-20 22:22:55","post_date_gmt":"2022-09-20 12:22:55","post_content":"\n
Raoul Pal, a former executive at Goldman Sachs and macro expert believes that Ethereum could lead markets in the next bull cycle.<\/p>\n\n\n\n
Pal recently hosted<\/a> an ask me anything (AMA). Amongst various different questions, Pal predicted that \u201cas adoption keeps building, a lot of adoption spills outside of ETH into the Solana, Avalanche, and a bunch of other protocols as well.\" He added that \"we\u2019re going to see ETH lead the charge, and then we\u2019ll see this tail of stuff starting to come as we start a new bull market and generally things work that way.\u201d<\/p>\n\n\n\n
Pal is keeping his eye on one Ethereum competitor though. \u201cI think a lot of these layer ones this time around will be like ETH in the last cycle. They\u2019ll end up becoming very large dominant chains. Which ones? I don\u2019t really know. My bet is really on Solana, but it could be any of these.\" He added that he is \"watching them and waiting to see,\" tracking SOL\/ETH using a DeMark indicator.<\/p>\n\n\n\n
Pal also recommends listening to a broad base of opinions when doing research for the upcoming markets. \"You weigh them [varying opinions] yourself, how important is that to me?... Having people's opposite opinions, differences, and nuances, is really important for the macro scenario...Once you start listening to a lot of people you can start formulating your own opinions.\" <\/p>\n\n\n\n
He believes that you should follow what makes the most sense from your view - this added responsibility will likely form a better and stronger choice for yourself.<\/p>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n\n\n\n
\nhttps:\/\/www.youtube.com\/watch?v=H5j8mHKHScU\n<\/div>
Raoul Pal - Ask Me Anything<\/figcaption><\/figure>\n","post_title":"ETH Will Lead Charge Next Cycle Predicts Raoul Pal","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"eth-will-lead-charge-next-cycle-predicts-raoul-pal","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-misconceptions-with-the-ethereum-merge\/","post_modified":"2023-04-10 18:54:37","post_modified_gmt":"2023-04-10 08:54:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7229","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7153,"post_author":"1","post_date":"2022-09-19 20:57:39","post_date_gmt":"2022-09-19 10:57:39","post_content":"\n
Ethereum has just completed its merge<\/a> to a proof-of-stake<\/a> consensus from proof-of-work, could the primary source of validation bring in more institutional investors?<\/p>\n\n\n\n
\"They're [instiutional investors] looking for yield,\" said<\/a> FalconX CEO Raghu Yarlagadda in a recent interview with CoinDesk, \"with the ETH merge, the possibility of generating a sustainable, stable yield is interesting\" he added. <\/li><\/ul>\n\n\n\n
PoS is a consensus mechanism where transactions are validated through users staking their coins, in return for staking users will receive a small fee for playing their part. Currently, on Ethereum, this may yield users around 10-15% annually which makes it an alternative to typical bonds. <\/li><\/ul>\n\n\n\n
The reduced energy consumption could also make for a more eco-friendly investment in institutional eyes. Environmental, Social, and Governance (ESG) is a metric popular amongst various institutions, so Ethereum reducing its energy consumption by 99.95% and reducing<\/a> the world's energy consumption by 0.02% is a big plus.<\/li><\/ul>\n\n\n\n
Ethereum will also be more scarce now the merge has happened with annual issuance dropping ~90% to 600,000 per year and burning<\/a> of Ethereum transaction fees, along with staking taking even more Ethereum out of circulation.<\/li><\/ul>\n\n\n\n
Although it may attract institutional investors, using it in an institutional scene may not be the most efficient thing to do as of yet. Currently, Ethereum has 15 transactions per second (TP\/S) compared to VISA with ~1,700 and Solana at 2,300. The merge promises to make Ethereum more accessible which could bring scaling solutions to light that improve its lacking metrics.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Ethereum May Attract Institutional Investors \"Looking For Yield\"","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-may-attract-institutional-investors-looking-for-yield","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2023-04-10 18:54:55","post_modified_gmt":"2023-04-10 08:54:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7153","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7141,"post_author":"1","post_date":"2022-09-14 22:57:51","post_date_gmt":"2022-09-14 12:57:51","post_content":"\n
Do Kwon, co-founder of Terraform Labs has been issued an arrest warrant by a South Korean court in the wake of Terra Luna's collapse<\/a> earlier this year.<\/p>\n\n\n\n
A report<\/a> from South Korean news outlet Chosun Ilbo details that there were an additional 5 arrest warrants laid out. This includes Nicholas Platias, a founding member of Terraform Labs, and Han Mo, an employee. The charges being faced are for violating the Capital Markets Act. As prosecutors believe that Terra Luna falls under an \u201cinvestment contract security\u201d.<\/li><\/ul>\n\n\n\n
Although the warrant was issued by a South Korean court, key members of Terraform Labs including Kwon and the 5 other individuals are currently located in Singapore. As a result, the warrant is valid for the next year. This comes after South Korean authorities banned<\/a> Terra Luna's main designers from leaving the country.<\/li><\/ul>\n\n\n\n
After LUNA and sister stablecoin<\/a> UST collapsed earlier this year, investors were bought to outrage with a combined US$42B wiped out from the two coins alongside a 99.99% drop in price. In turn, investors were quick to sue Kwon and others for violating various laws and acts as rumors<\/a> were quick to spread in relation to the downfall.<\/li><\/ul>\n\n\n\n
See Related:<\/strong><\/em> War On Code \u2013 Tornado Cash Developer Alexey Pertsev Arrested<\/a><\/p>\n","post_title":"Terra's Do Kwon Wanted For Arrest By Seoul Court","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"terras-do-kwon-wanted-for-arrest-by-seoul-court","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-30 21:31:32","post_modified_gmt":"2023-04-30 11:31:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7141","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7107,"post_author":"1","post_date":"2022-09-12 21:36:27","post_date_gmt":"2022-09-12 11:36:27","post_content":"\n
Benjamin Cowen<\/a> is a well-regarded crypto analyst, using a historically accurate indicator he has found it likely that Bitcoin has hit its bottom or is very close to doing so.<\/p>\n\n\n\n
Cowen was recently featured<\/a> on Kitco News where he discussed his use of the metric. \"One of the interesting things about this chart is that historically, Bitcoin does not bottom until after they cross,\" he stated.<\/li><\/ul>\n\n\n\n
The indicator Cowen used is the Bitcoin Percentage Of Supply In Profit And Loss<\/a>. This indicates how many Bitcoins are at a profit or loss for their holders. Looking at the chart from a widened perspective Cowen shows how this metric has accompanied tops and bottoms over the long term.<\/li><\/ul>\n\n\n\n
Cowen added that they have recently just crossed each other and how the bottom typically occurs after they cross. \"When it comes up here, that\u2019s generally the time where you want to scale out when we\u2019re continuing to push those new all-time highs so to me this is an indicator that would suggest that if we did get another leg down there\u2019s a lot of evidence that could be the major bottom,\" he added.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bullish On Bitcoin, It\u2019s Trading At A Discount \u2013 Bloomberg Intelligence<\/a><\/p>\n\n\n\n
$\"Benjamin$
Benjamin Cowen Illustrating The Bitcoin Percentage Of Supply In Profit And Loss Metric Source: YouTube\/Kitco News<\/em><\/figcaption><\/figure>\n","post_title":"Bitcoins Bottom Is Likely In, Crypto Analyst Benjamin Cowen","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoins-bottom-is-likely-in-crypto-analyst-benjamin-cowen","to_ping":"","pinged":"","post_modified":"2023-04-11 00:07:43","post_modified_gmt":"2023-04-10 14:07:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7107","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7093,"post_author":"1","post_date":"2022-09-11 19:27:57","post_date_gmt":"2022-09-11 09:27:57","post_content":"\n
Mike McGlone is a senior strategist at Bloomberg Intelligence, has recently shared multiple on Twitter discussing various commodities and concerns related to the current state of markets worldwide.<\/p>\n\n\n\n
In one tweet McGlone outlined his September Crypto Outlook<\/a><\/em> where he believes that the world is leaning towards a recession in light of recent events including the tightening of interest rates by the Federal Reserve.<\/li><\/ul>\n\n\n\n
A key indicator that had encouraged the Fed's fight against inflation was the soar in energy prices. This pressured high-risk assets, namely cryptocurrencies, and once the dust settles from recent events crypto prices will start to \"bouy\" as \u201ccrude oil decline may fuel Bitcoin recovery.\u201d Reuters recently reported<\/a> that the Strategic Petroleum Reserve (SPR) fell to its lowest level in more than 35 years.<\/li><\/ul>\n\n\n\n
Price data from 2018-19 was compared to price data from today showing a similar benchmark where \"Bitcoin is at a discount within an elongated bull market.\"<\/li><\/ul>\n\n\n\n
$\""Too$
Bitcoin Price Data. Source: Bloomberg Intelligence<\/figcaption><\/figure>\n\n\n\n
In an interview<\/a> with Bell Media, McGlone believes that cryptocurrencies will continue to outperform traditional assets with declining volatility. He hints at being bullish on Bitcoin believing will put in a bottom at, or below $20,000 similar to 2018 and 2013 before going into an upward trajectory.<\/li><\/ul>\n\n\n\n
McGlone hinted at Ethereum becoming a large part of the financial system as the merge<\/a> approaches due to its ability to make tokenized assets<\/a> readily accessible to the public just like ETFs had done with traditional assets.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Will Return \u2013 Ruchir Sharma, The Chairman Of Rockefeller International<\/a><\/p>\n","post_title":"Bullish On Bitcoin, It's Trading At A Discount - Bloomberg Intelligence","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bullish-on-bitcoin-its-trading-at-a-discount-bloomberg-intelligence","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/ethereum-proof-of-stake-merge-set-for-mid-september\/\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/\nhttps:\/\/www.thedistributed.co\/bitcoin-will-return-ruchir-sharma-the-chairman-of-rockefeller-international\/","post_modified":"2023-04-11 00:07:57","post_modified_gmt":"2023-04-10 14:07:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7093","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 15 16 17 18 19 … 41 Next

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The Coins

Binance Coin (BNB)

December 8, 2022 - Updated on January 15, 2023

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

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Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

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November 24, 2024

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\n
Tether is also required to cough up accounts and details related to accounts held with Bitfiniex, Bittrex, and Poloniex as apart of a case<\/a> against iFinex started in 2019 - the company behind Bitfinex and Tether.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Tethers Peso-Backed Stablecoin MXNT Launches In Mexico<\/a><\/p>\n","post_title":"Tether Ordered To Reveal USDTs Exact Backings","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tether-ordered-to-reveal-usdts-exact-backings","to_ping":"","pinged":"","post_modified":"2023-04-10 18:53:49","post_modified_gmt":"2023-04-10 08:53:49","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7259","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7229,"post_author":"1","post_date":"2022-09-20 22:22:55","post_date_gmt":"2022-09-20 12:22:55","post_content":"\n
Raoul Pal, a former executive at Goldman Sachs and macro expert believes that Ethereum could lead markets in the next bull cycle.<\/p>\n\n\n\n
Pal recently hosted<\/a> an ask me anything (AMA). Amongst various different questions, Pal predicted that \u201cas adoption keeps building, a lot of adoption spills outside of ETH into the Solana, Avalanche, and a bunch of other protocols as well.\" He added that \"we\u2019re going to see ETH lead the charge, and then we\u2019ll see this tail of stuff starting to come as we start a new bull market and generally things work that way.\u201d<\/p>\n\n\n\n
Pal is keeping his eye on one Ethereum competitor though. \u201cI think a lot of these layer ones this time around will be like ETH in the last cycle. They\u2019ll end up becoming very large dominant chains. Which ones? I don\u2019t really know. My bet is really on Solana, but it could be any of these.\" He added that he is \"watching them and waiting to see,\" tracking SOL\/ETH using a DeMark indicator.<\/p>\n\n\n\n
Pal also recommends listening to a broad base of opinions when doing research for the upcoming markets. \"You weigh them [varying opinions] yourself, how important is that to me?... Having people's opposite opinions, differences, and nuances, is really important for the macro scenario...Once you start listening to a lot of people you can start formulating your own opinions.\" <\/p>\n\n\n\n
He believes that you should follow what makes the most sense from your view - this added responsibility will likely form a better and stronger choice for yourself.<\/p>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n\n\n\n
\nhttps:\/\/www.youtube.com\/watch?v=H5j8mHKHScU\n<\/div>
Raoul Pal - Ask Me Anything<\/figcaption><\/figure>\n","post_title":"ETH Will Lead Charge Next Cycle Predicts Raoul Pal","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"eth-will-lead-charge-next-cycle-predicts-raoul-pal","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-misconceptions-with-the-ethereum-merge\/","post_modified":"2023-04-10 18:54:37","post_modified_gmt":"2023-04-10 08:54:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7229","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7153,"post_author":"1","post_date":"2022-09-19 20:57:39","post_date_gmt":"2022-09-19 10:57:39","post_content":"\n
Ethereum has just completed its merge<\/a> to a proof-of-stake<\/a> consensus from proof-of-work, could the primary source of validation bring in more institutional investors?<\/p>\n\n\n\n
\"They're [instiutional investors] looking for yield,\" said<\/a> FalconX CEO Raghu Yarlagadda in a recent interview with CoinDesk, \"with the ETH merge, the possibility of generating a sustainable, stable yield is interesting\" he added. <\/li><\/ul>\n\n\n\n
PoS is a consensus mechanism where transactions are validated through users staking their coins, in return for staking users will receive a small fee for playing their part. Currently, on Ethereum, this may yield users around 10-15% annually which makes it an alternative to typical bonds. <\/li><\/ul>\n\n\n\n
The reduced energy consumption could also make for a more eco-friendly investment in institutional eyes. Environmental, Social, and Governance (ESG) is a metric popular amongst various institutions, so Ethereum reducing its energy consumption by 99.95% and reducing<\/a> the world's energy consumption by 0.02% is a big plus.<\/li><\/ul>\n\n\n\n
Ethereum will also be more scarce now the merge has happened with annual issuance dropping ~90% to 600,000 per year and burning<\/a> of Ethereum transaction fees, along with staking taking even more Ethereum out of circulation.<\/li><\/ul>\n\n\n\n
Although it may attract institutional investors, using it in an institutional scene may not be the most efficient thing to do as of yet. Currently, Ethereum has 15 transactions per second (TP\/S) compared to VISA with ~1,700 and Solana at 2,300. The merge promises to make Ethereum more accessible which could bring scaling solutions to light that improve its lacking metrics.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Ethereum May Attract Institutional Investors \"Looking For Yield\"","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-may-attract-institutional-investors-looking-for-yield","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2023-04-10 18:54:55","post_modified_gmt":"2023-04-10 08:54:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7153","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7141,"post_author":"1","post_date":"2022-09-14 22:57:51","post_date_gmt":"2022-09-14 12:57:51","post_content":"\n
Do Kwon, co-founder of Terraform Labs has been issued an arrest warrant by a South Korean court in the wake of Terra Luna's collapse<\/a> earlier this year.<\/p>\n\n\n\n
A report<\/a> from South Korean news outlet Chosun Ilbo details that there were an additional 5 arrest warrants laid out. This includes Nicholas Platias, a founding member of Terraform Labs, and Han Mo, an employee. The charges being faced are for violating the Capital Markets Act. As prosecutors believe that Terra Luna falls under an \u201cinvestment contract security\u201d.<\/li><\/ul>\n\n\n\n
Although the warrant was issued by a South Korean court, key members of Terraform Labs including Kwon and the 5 other individuals are currently located in Singapore. As a result, the warrant is valid for the next year. This comes after South Korean authorities banned<\/a> Terra Luna's main designers from leaving the country.<\/li><\/ul>\n\n\n\n
After LUNA and sister stablecoin<\/a> UST collapsed earlier this year, investors were bought to outrage with a combined US$42B wiped out from the two coins alongside a 99.99% drop in price. In turn, investors were quick to sue Kwon and others for violating various laws and acts as rumors<\/a> were quick to spread in relation to the downfall.<\/li><\/ul>\n\n\n\n
See Related:<\/strong><\/em> War On Code \u2013 Tornado Cash Developer Alexey Pertsev Arrested<\/a><\/p>\n","post_title":"Terra's Do Kwon Wanted For Arrest By Seoul Court","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"terras-do-kwon-wanted-for-arrest-by-seoul-court","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-30 21:31:32","post_modified_gmt":"2023-04-30 11:31:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7141","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7107,"post_author":"1","post_date":"2022-09-12 21:36:27","post_date_gmt":"2022-09-12 11:36:27","post_content":"\n
Benjamin Cowen<\/a> is a well-regarded crypto analyst, using a historically accurate indicator he has found it likely that Bitcoin has hit its bottom or is very close to doing so.<\/p>\n\n\n\n
Cowen was recently featured<\/a> on Kitco News where he discussed his use of the metric. \"One of the interesting things about this chart is that historically, Bitcoin does not bottom until after they cross,\" he stated.<\/li><\/ul>\n\n\n\n
The indicator Cowen used is the Bitcoin Percentage Of Supply In Profit And Loss<\/a>. This indicates how many Bitcoins are at a profit or loss for their holders. Looking at the chart from a widened perspective Cowen shows how this metric has accompanied tops and bottoms over the long term.<\/li><\/ul>\n\n\n\n
Cowen added that they have recently just crossed each other and how the bottom typically occurs after they cross. \"When it comes up here, that\u2019s generally the time where you want to scale out when we\u2019re continuing to push those new all-time highs so to me this is an indicator that would suggest that if we did get another leg down there\u2019s a lot of evidence that could be the major bottom,\" he added.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bullish On Bitcoin, It\u2019s Trading At A Discount \u2013 Bloomberg Intelligence<\/a><\/p>\n\n\n\n
$\"Benjamin$
Benjamin Cowen Illustrating The Bitcoin Percentage Of Supply In Profit And Loss Metric Source: YouTube\/Kitco News<\/em><\/figcaption><\/figure>\n","post_title":"Bitcoins Bottom Is Likely In, Crypto Analyst Benjamin Cowen","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoins-bottom-is-likely-in-crypto-analyst-benjamin-cowen","to_ping":"","pinged":"","post_modified":"2023-04-11 00:07:43","post_modified_gmt":"2023-04-10 14:07:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7107","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7093,"post_author":"1","post_date":"2022-09-11 19:27:57","post_date_gmt":"2022-09-11 09:27:57","post_content":"\n
Mike McGlone is a senior strategist at Bloomberg Intelligence, has recently shared multiple on Twitter discussing various commodities and concerns related to the current state of markets worldwide.<\/p>\n\n\n\n
In one tweet McGlone outlined his September Crypto Outlook<\/a><\/em> where he believes that the world is leaning towards a recession in light of recent events including the tightening of interest rates by the Federal Reserve.<\/li><\/ul>\n\n\n\n
A key indicator that had encouraged the Fed's fight against inflation was the soar in energy prices. This pressured high-risk assets, namely cryptocurrencies, and once the dust settles from recent events crypto prices will start to \"bouy\" as \u201ccrude oil decline may fuel Bitcoin recovery.\u201d Reuters recently reported<\/a> that the Strategic Petroleum Reserve (SPR) fell to its lowest level in more than 35 years.<\/li><\/ul>\n\n\n\n
Price data from 2018-19 was compared to price data from today showing a similar benchmark where \"Bitcoin is at a discount within an elongated bull market.\"<\/li><\/ul>\n\n\n\n
$\""Too$
Bitcoin Price Data. Source: Bloomberg Intelligence<\/figcaption><\/figure>\n\n\n\n
In an interview<\/a> with Bell Media, McGlone believes that cryptocurrencies will continue to outperform traditional assets with declining volatility. He hints at being bullish on Bitcoin believing will put in a bottom at, or below $20,000 similar to 2018 and 2013 before going into an upward trajectory.<\/li><\/ul>\n\n\n\n
McGlone hinted at Ethereum becoming a large part of the financial system as the merge<\/a> approaches due to its ability to make tokenized assets<\/a> readily accessible to the public just like ETFs had done with traditional assets.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Will Return \u2013 Ruchir Sharma, The Chairman Of Rockefeller International<\/a><\/p>\n","post_title":"Bullish On Bitcoin, It's Trading At A Discount - Bloomberg Intelligence","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bullish-on-bitcoin-its-trading-at-a-discount-bloomberg-intelligence","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/ethereum-proof-of-stake-merge-set-for-mid-september\/\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/\nhttps:\/\/www.thedistributed.co\/bitcoin-will-return-ruchir-sharma-the-chairman-of-rockefeller-international\/","post_modified":"2023-04-11 00:07:57","post_modified_gmt":"2023-04-10 14:07:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7093","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 15 16 17 18 19 … 41 Next

Most Read

The Coins

Binance Coin (BNB)

December 8, 2022 - Updated on January 15, 2023

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

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ADVERTISEMENT

\n
Tether has avoided providing these documents as they are \"sensitive\", although Failla justified the plaintiffs require the documents \"to asses the backing of USDT with US dollars...The documents sought in the transactions RFPs appear to go to one of Plaintiffs\u2019 core allegations: that the B\/T Defendants engaged in cyptocommodities transactions using unbacked USDT, and that those transactions \u201cwere strategically timed to inflate the market.\u2019\u201d<\/li><\/ul>\n\n\n\n
Tether is also required to cough up accounts and details related to accounts held with Bitfiniex, Bittrex, and Poloniex as apart of a case<\/a> against iFinex started in 2019 - the company behind Bitfinex and Tether.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Tethers Peso-Backed Stablecoin MXNT Launches In Mexico<\/a><\/p>\n","post_title":"Tether Ordered To Reveal USDTs Exact Backings","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tether-ordered-to-reveal-usdts-exact-backings","to_ping":"","pinged":"","post_modified":"2023-04-10 18:53:49","post_modified_gmt":"2023-04-10 08:53:49","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7259","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7229,"post_author":"1","post_date":"2022-09-20 22:22:55","post_date_gmt":"2022-09-20 12:22:55","post_content":"\n
Raoul Pal, a former executive at Goldman Sachs and macro expert believes that Ethereum could lead markets in the next bull cycle.<\/p>\n\n\n\n
Pal recently hosted<\/a> an ask me anything (AMA). Amongst various different questions, Pal predicted that \u201cas adoption keeps building, a lot of adoption spills outside of ETH into the Solana, Avalanche, and a bunch of other protocols as well.\" He added that \"we\u2019re going to see ETH lead the charge, and then we\u2019ll see this tail of stuff starting to come as we start a new bull market and generally things work that way.\u201d<\/p>\n\n\n\n
Pal is keeping his eye on one Ethereum competitor though. \u201cI think a lot of these layer ones this time around will be like ETH in the last cycle. They\u2019ll end up becoming very large dominant chains. Which ones? I don\u2019t really know. My bet is really on Solana, but it could be any of these.\" He added that he is \"watching them and waiting to see,\" tracking SOL\/ETH using a DeMark indicator.<\/p>\n\n\n\n
Pal also recommends listening to a broad base of opinions when doing research for the upcoming markets. \"You weigh them [varying opinions] yourself, how important is that to me?... Having people's opposite opinions, differences, and nuances, is really important for the macro scenario...Once you start listening to a lot of people you can start formulating your own opinions.\" <\/p>\n\n\n\n
He believes that you should follow what makes the most sense from your view - this added responsibility will likely form a better and stronger choice for yourself.<\/p>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n\n\n\n
\nhttps:\/\/www.youtube.com\/watch?v=H5j8mHKHScU\n<\/div>
Raoul Pal - Ask Me Anything<\/figcaption><\/figure>\n","post_title":"ETH Will Lead Charge Next Cycle Predicts Raoul Pal","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"eth-will-lead-charge-next-cycle-predicts-raoul-pal","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-misconceptions-with-the-ethereum-merge\/","post_modified":"2023-04-10 18:54:37","post_modified_gmt":"2023-04-10 08:54:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7229","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7153,"post_author":"1","post_date":"2022-09-19 20:57:39","post_date_gmt":"2022-09-19 10:57:39","post_content":"\n
Ethereum has just completed its merge<\/a> to a proof-of-stake<\/a> consensus from proof-of-work, could the primary source of validation bring in more institutional investors?<\/p>\n\n\n\n
\"They're [instiutional investors] looking for yield,\" said<\/a> FalconX CEO Raghu Yarlagadda in a recent interview with CoinDesk, \"with the ETH merge, the possibility of generating a sustainable, stable yield is interesting\" he added. <\/li><\/ul>\n\n\n\n
PoS is a consensus mechanism where transactions are validated through users staking their coins, in return for staking users will receive a small fee for playing their part. Currently, on Ethereum, this may yield users around 10-15% annually which makes it an alternative to typical bonds. <\/li><\/ul>\n\n\n\n
The reduced energy consumption could also make for a more eco-friendly investment in institutional eyes. Environmental, Social, and Governance (ESG) is a metric popular amongst various institutions, so Ethereum reducing its energy consumption by 99.95% and reducing<\/a> the world's energy consumption by 0.02% is a big plus.<\/li><\/ul>\n\n\n\n
Ethereum will also be more scarce now the merge has happened with annual issuance dropping ~90% to 600,000 per year and burning<\/a> of Ethereum transaction fees, along with staking taking even more Ethereum out of circulation.<\/li><\/ul>\n\n\n\n
Although it may attract institutional investors, using it in an institutional scene may not be the most efficient thing to do as of yet. Currently, Ethereum has 15 transactions per second (TP\/S) compared to VISA with ~1,700 and Solana at 2,300. The merge promises to make Ethereum more accessible which could bring scaling solutions to light that improve its lacking metrics.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Ethereum May Attract Institutional Investors \"Looking For Yield\"","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-may-attract-institutional-investors-looking-for-yield","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2023-04-10 18:54:55","post_modified_gmt":"2023-04-10 08:54:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7153","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7141,"post_author":"1","post_date":"2022-09-14 22:57:51","post_date_gmt":"2022-09-14 12:57:51","post_content":"\n
Do Kwon, co-founder of Terraform Labs has been issued an arrest warrant by a South Korean court in the wake of Terra Luna's collapse<\/a> earlier this year.<\/p>\n\n\n\n
A report<\/a> from South Korean news outlet Chosun Ilbo details that there were an additional 5 arrest warrants laid out. This includes Nicholas Platias, a founding member of Terraform Labs, and Han Mo, an employee. The charges being faced are for violating the Capital Markets Act. As prosecutors believe that Terra Luna falls under an \u201cinvestment contract security\u201d.<\/li><\/ul>\n\n\n\n
Although the warrant was issued by a South Korean court, key members of Terraform Labs including Kwon and the 5 other individuals are currently located in Singapore. As a result, the warrant is valid for the next year. This comes after South Korean authorities banned<\/a> Terra Luna's main designers from leaving the country.<\/li><\/ul>\n\n\n\n
After LUNA and sister stablecoin<\/a> UST collapsed earlier this year, investors were bought to outrage with a combined US$42B wiped out from the two coins alongside a 99.99% drop in price. In turn, investors were quick to sue Kwon and others for violating various laws and acts as rumors<\/a> were quick to spread in relation to the downfall.<\/li><\/ul>\n\n\n\n
See Related:<\/strong><\/em> War On Code \u2013 Tornado Cash Developer Alexey Pertsev Arrested<\/a><\/p>\n","post_title":"Terra's Do Kwon Wanted For Arrest By Seoul Court","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"terras-do-kwon-wanted-for-arrest-by-seoul-court","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-30 21:31:32","post_modified_gmt":"2023-04-30 11:31:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7141","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7107,"post_author":"1","post_date":"2022-09-12 21:36:27","post_date_gmt":"2022-09-12 11:36:27","post_content":"\n
Benjamin Cowen<\/a> is a well-regarded crypto analyst, using a historically accurate indicator he has found it likely that Bitcoin has hit its bottom or is very close to doing so.<\/p>\n\n\n\n
Cowen was recently featured<\/a> on Kitco News where he discussed his use of the metric. \"One of the interesting things about this chart is that historically, Bitcoin does not bottom until after they cross,\" he stated.<\/li><\/ul>\n\n\n\n
The indicator Cowen used is the Bitcoin Percentage Of Supply In Profit And Loss<\/a>. This indicates how many Bitcoins are at a profit or loss for their holders. Looking at the chart from a widened perspective Cowen shows how this metric has accompanied tops and bottoms over the long term.<\/li><\/ul>\n\n\n\n
Cowen added that they have recently just crossed each other and how the bottom typically occurs after they cross. \"When it comes up here, that\u2019s generally the time where you want to scale out when we\u2019re continuing to push those new all-time highs so to me this is an indicator that would suggest that if we did get another leg down there\u2019s a lot of evidence that could be the major bottom,\" he added.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bullish On Bitcoin, It\u2019s Trading At A Discount \u2013 Bloomberg Intelligence<\/a><\/p>\n\n\n\n
$\"Benjamin$
Benjamin Cowen Illustrating The Bitcoin Percentage Of Supply In Profit And Loss Metric Source: YouTube\/Kitco News<\/em><\/figcaption><\/figure>\n","post_title":"Bitcoins Bottom Is Likely In, Crypto Analyst Benjamin Cowen","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoins-bottom-is-likely-in-crypto-analyst-benjamin-cowen","to_ping":"","pinged":"","post_modified":"2023-04-11 00:07:43","post_modified_gmt":"2023-04-10 14:07:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7107","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7093,"post_author":"1","post_date":"2022-09-11 19:27:57","post_date_gmt":"2022-09-11 09:27:57","post_content":"\n
Mike McGlone is a senior strategist at Bloomberg Intelligence, has recently shared multiple on Twitter discussing various commodities and concerns related to the current state of markets worldwide.<\/p>\n\n\n\n
In one tweet McGlone outlined his September Crypto Outlook<\/a><\/em> where he believes that the world is leaning towards a recession in light of recent events including the tightening of interest rates by the Federal Reserve.<\/li><\/ul>\n\n\n\n
A key indicator that had encouraged the Fed's fight against inflation was the soar in energy prices. This pressured high-risk assets, namely cryptocurrencies, and once the dust settles from recent events crypto prices will start to \"bouy\" as \u201ccrude oil decline may fuel Bitcoin recovery.\u201d Reuters recently reported<\/a> that the Strategic Petroleum Reserve (SPR) fell to its lowest level in more than 35 years.<\/li><\/ul>\n\n\n\n
Price data from 2018-19 was compared to price data from today showing a similar benchmark where \"Bitcoin is at a discount within an elongated bull market.\"<\/li><\/ul>\n\n\n\n
$\""Too$
Bitcoin Price Data. Source: Bloomberg Intelligence<\/figcaption><\/figure>\n\n\n\n
In an interview<\/a> with Bell Media, McGlone believes that cryptocurrencies will continue to outperform traditional assets with declining volatility. He hints at being bullish on Bitcoin believing will put in a bottom at, or below $20,000 similar to 2018 and 2013 before going into an upward trajectory.<\/li><\/ul>\n\n\n\n
McGlone hinted at Ethereum becoming a large part of the financial system as the merge<\/a> approaches due to its ability to make tokenized assets<\/a> readily accessible to the public just like ETFs had done with traditional assets.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Will Return \u2013 Ruchir Sharma, The Chairman Of Rockefeller International<\/a><\/p>\n","post_title":"Bullish On Bitcoin, It's Trading At A Discount - Bloomberg Intelligence","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bullish-on-bitcoin-its-trading-at-a-discount-bloomberg-intelligence","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/ethereum-proof-of-stake-merge-set-for-mid-september\/\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/\nhttps:\/\/www.thedistributed.co\/bitcoin-will-return-ruchir-sharma-the-chairman-of-rockefeller-international\/","post_modified":"2023-04-11 00:07:57","post_modified_gmt":"2023-04-10 14:07:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7093","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 15 16 17 18 19 … 41 Next

Most Read

The Coins

Binance Coin (BNB)

December 8, 2022 - Updated on January 15, 2023

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

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August 15, 2024

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November 24, 2024

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\n
Tether is required to provide the United States District Court for the Southern District of New York with \u201cgeneral ledgers, balance sheets, income statements, cash-flow statements, and profit and loss statements.\" The lawsuit alleges that Tether had conspired to artificially inflate the price of Bitcoin through a USDT campaign.<\/li><\/ul>\n\n\n\n
Tether has avoided providing these documents as they are \"sensitive\", although Failla justified the plaintiffs require the documents \"to asses the backing of USDT with US dollars...The documents sought in the transactions RFPs appear to go to one of Plaintiffs\u2019 core allegations: that the B\/T Defendants engaged in cyptocommodities transactions using unbacked USDT, and that those transactions \u201cwere strategically timed to inflate the market.\u2019\u201d<\/li><\/ul>\n\n\n\n
Tether is also required to cough up accounts and details related to accounts held with Bitfiniex, Bittrex, and Poloniex as apart of a case<\/a> against iFinex started in 2019 - the company behind Bitfinex and Tether.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Tethers Peso-Backed Stablecoin MXNT Launches In Mexico<\/a><\/p>\n","post_title":"Tether Ordered To Reveal USDTs Exact Backings","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tether-ordered-to-reveal-usdts-exact-backings","to_ping":"","pinged":"","post_modified":"2023-04-10 18:53:49","post_modified_gmt":"2023-04-10 08:53:49","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7259","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7229,"post_author":"1","post_date":"2022-09-20 22:22:55","post_date_gmt":"2022-09-20 12:22:55","post_content":"\n
Raoul Pal, a former executive at Goldman Sachs and macro expert believes that Ethereum could lead markets in the next bull cycle.<\/p>\n\n\n\n
Pal recently hosted<\/a> an ask me anything (AMA). Amongst various different questions, Pal predicted that \u201cas adoption keeps building, a lot of adoption spills outside of ETH into the Solana, Avalanche, and a bunch of other protocols as well.\" He added that \"we\u2019re going to see ETH lead the charge, and then we\u2019ll see this tail of stuff starting to come as we start a new bull market and generally things work that way.\u201d<\/p>\n\n\n\n
Pal is keeping his eye on one Ethereum competitor though. \u201cI think a lot of these layer ones this time around will be like ETH in the last cycle. They\u2019ll end up becoming very large dominant chains. Which ones? I don\u2019t really know. My bet is really on Solana, but it could be any of these.\" He added that he is \"watching them and waiting to see,\" tracking SOL\/ETH using a DeMark indicator.<\/p>\n\n\n\n
Pal also recommends listening to a broad base of opinions when doing research for the upcoming markets. \"You weigh them [varying opinions] yourself, how important is that to me?... Having people's opposite opinions, differences, and nuances, is really important for the macro scenario...Once you start listening to a lot of people you can start formulating your own opinions.\" <\/p>\n\n\n\n
He believes that you should follow what makes the most sense from your view - this added responsibility will likely form a better and stronger choice for yourself.<\/p>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n\n\n\n
\nhttps:\/\/www.youtube.com\/watch?v=H5j8mHKHScU\n<\/div>
Raoul Pal - Ask Me Anything<\/figcaption><\/figure>\n","post_title":"ETH Will Lead Charge Next Cycle Predicts Raoul Pal","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"eth-will-lead-charge-next-cycle-predicts-raoul-pal","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-misconceptions-with-the-ethereum-merge\/","post_modified":"2023-04-10 18:54:37","post_modified_gmt":"2023-04-10 08:54:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7229","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7153,"post_author":"1","post_date":"2022-09-19 20:57:39","post_date_gmt":"2022-09-19 10:57:39","post_content":"\n
Ethereum has just completed its merge<\/a> to a proof-of-stake<\/a> consensus from proof-of-work, could the primary source of validation bring in more institutional investors?<\/p>\n\n\n\n
\"They're [instiutional investors] looking for yield,\" said<\/a> FalconX CEO Raghu Yarlagadda in a recent interview with CoinDesk, \"with the ETH merge, the possibility of generating a sustainable, stable yield is interesting\" he added. <\/li><\/ul>\n\n\n\n
PoS is a consensus mechanism where transactions are validated through users staking their coins, in return for staking users will receive a small fee for playing their part. Currently, on Ethereum, this may yield users around 10-15% annually which makes it an alternative to typical bonds. <\/li><\/ul>\n\n\n\n
The reduced energy consumption could also make for a more eco-friendly investment in institutional eyes. Environmental, Social, and Governance (ESG) is a metric popular amongst various institutions, so Ethereum reducing its energy consumption by 99.95% and reducing<\/a> the world's energy consumption by 0.02% is a big plus.<\/li><\/ul>\n\n\n\n
Ethereum will also be more scarce now the merge has happened with annual issuance dropping ~90% to 600,000 per year and burning<\/a> of Ethereum transaction fees, along with staking taking even more Ethereum out of circulation.<\/li><\/ul>\n\n\n\n
Although it may attract institutional investors, using it in an institutional scene may not be the most efficient thing to do as of yet. Currently, Ethereum has 15 transactions per second (TP\/S) compared to VISA with ~1,700 and Solana at 2,300. The merge promises to make Ethereum more accessible which could bring scaling solutions to light that improve its lacking metrics.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Ethereum May Attract Institutional Investors \"Looking For Yield\"","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-may-attract-institutional-investors-looking-for-yield","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2023-04-10 18:54:55","post_modified_gmt":"2023-04-10 08:54:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7153","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7141,"post_author":"1","post_date":"2022-09-14 22:57:51","post_date_gmt":"2022-09-14 12:57:51","post_content":"\n
Do Kwon, co-founder of Terraform Labs has been issued an arrest warrant by a South Korean court in the wake of Terra Luna's collapse<\/a> earlier this year.<\/p>\n\n\n\n
A report<\/a> from South Korean news outlet Chosun Ilbo details that there were an additional 5 arrest warrants laid out. This includes Nicholas Platias, a founding member of Terraform Labs, and Han Mo, an employee. The charges being faced are for violating the Capital Markets Act. As prosecutors believe that Terra Luna falls under an \u201cinvestment contract security\u201d.<\/li><\/ul>\n\n\n\n
Although the warrant was issued by a South Korean court, key members of Terraform Labs including Kwon and the 5 other individuals are currently located in Singapore. As a result, the warrant is valid for the next year. This comes after South Korean authorities banned<\/a> Terra Luna's main designers from leaving the country.<\/li><\/ul>\n\n\n\n
After LUNA and sister stablecoin<\/a> UST collapsed earlier this year, investors were bought to outrage with a combined US$42B wiped out from the two coins alongside a 99.99% drop in price. In turn, investors were quick to sue Kwon and others for violating various laws and acts as rumors<\/a> were quick to spread in relation to the downfall.<\/li><\/ul>\n\n\n\n
See Related:<\/strong><\/em> War On Code \u2013 Tornado Cash Developer Alexey Pertsev Arrested<\/a><\/p>\n","post_title":"Terra's Do Kwon Wanted For Arrest By Seoul Court","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"terras-do-kwon-wanted-for-arrest-by-seoul-court","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-30 21:31:32","post_modified_gmt":"2023-04-30 11:31:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7141","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7107,"post_author":"1","post_date":"2022-09-12 21:36:27","post_date_gmt":"2022-09-12 11:36:27","post_content":"\n
Benjamin Cowen<\/a> is a well-regarded crypto analyst, using a historically accurate indicator he has found it likely that Bitcoin has hit its bottom or is very close to doing so.<\/p>\n\n\n\n
Cowen was recently featured<\/a> on Kitco News where he discussed his use of the metric. \"One of the interesting things about this chart is that historically, Bitcoin does not bottom until after they cross,\" he stated.<\/li><\/ul>\n\n\n\n
The indicator Cowen used is the Bitcoin Percentage Of Supply In Profit And Loss<\/a>. This indicates how many Bitcoins are at a profit or loss for their holders. Looking at the chart from a widened perspective Cowen shows how this metric has accompanied tops and bottoms over the long term.<\/li><\/ul>\n\n\n\n
Cowen added that they have recently just crossed each other and how the bottom typically occurs after they cross. \"When it comes up here, that\u2019s generally the time where you want to scale out when we\u2019re continuing to push those new all-time highs so to me this is an indicator that would suggest that if we did get another leg down there\u2019s a lot of evidence that could be the major bottom,\" he added.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bullish On Bitcoin, It\u2019s Trading At A Discount \u2013 Bloomberg Intelligence<\/a><\/p>\n\n\n\n
$\"Benjamin$
Benjamin Cowen Illustrating The Bitcoin Percentage Of Supply In Profit And Loss Metric Source: YouTube\/Kitco News<\/em><\/figcaption><\/figure>\n","post_title":"Bitcoins Bottom Is Likely In, Crypto Analyst Benjamin Cowen","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoins-bottom-is-likely-in-crypto-analyst-benjamin-cowen","to_ping":"","pinged":"","post_modified":"2023-04-11 00:07:43","post_modified_gmt":"2023-04-10 14:07:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7107","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7093,"post_author":"1","post_date":"2022-09-11 19:27:57","post_date_gmt":"2022-09-11 09:27:57","post_content":"\n
Mike McGlone is a senior strategist at Bloomberg Intelligence, has recently shared multiple on Twitter discussing various commodities and concerns related to the current state of markets worldwide.<\/p>\n\n\n\n
In one tweet McGlone outlined his September Crypto Outlook<\/a><\/em> where he believes that the world is leaning towards a recession in light of recent events including the tightening of interest rates by the Federal Reserve.<\/li><\/ul>\n\n\n\n
A key indicator that had encouraged the Fed's fight against inflation was the soar in energy prices. This pressured high-risk assets, namely cryptocurrencies, and once the dust settles from recent events crypto prices will start to \"bouy\" as \u201ccrude oil decline may fuel Bitcoin recovery.\u201d Reuters recently reported<\/a> that the Strategic Petroleum Reserve (SPR) fell to its lowest level in more than 35 years.<\/li><\/ul>\n\n\n\n
Price data from 2018-19 was compared to price data from today showing a similar benchmark where \"Bitcoin is at a discount within an elongated bull market.\"<\/li><\/ul>\n\n\n\n
$\""Too$
Bitcoin Price Data. Source: Bloomberg Intelligence<\/figcaption><\/figure>\n\n\n\n
In an interview<\/a> with Bell Media, McGlone believes that cryptocurrencies will continue to outperform traditional assets with declining volatility. He hints at being bullish on Bitcoin believing will put in a bottom at, or below $20,000 similar to 2018 and 2013 before going into an upward trajectory.<\/li><\/ul>\n\n\n\n
McGlone hinted at Ethereum becoming a large part of the financial system as the merge<\/a> approaches due to its ability to make tokenized assets<\/a> readily accessible to the public just like ETFs had done with traditional assets.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Will Return \u2013 Ruchir Sharma, The Chairman Of Rockefeller International<\/a><\/p>\n","post_title":"Bullish On Bitcoin, It's Trading At A Discount - Bloomberg Intelligence","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bullish-on-bitcoin-its-trading-at-a-discount-bloomberg-intelligence","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/ethereum-proof-of-stake-merge-set-for-mid-september\/\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/\nhttps:\/\/www.thedistributed.co\/bitcoin-will-return-ruchir-sharma-the-chairman-of-rockefeller-international\/","post_modified":"2023-04-11 00:07:57","post_modified_gmt":"2023-04-10 14:07:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7093","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 15 16 17 18 19 … 41 Next

Most Read

The Coins

Binance Coin (BNB)

December 8, 2022 - Updated on January 15, 2023

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Katherine Polk Failla, a New York judge, has ordered<\/a> Tether to reveal the financial documents that prove its backing of the stable<\/a>c<\/a>oin<\/a>.<\/p>\n\n\n\n
Tether is required to provide the United States District Court for the Southern District of New York with \u201cgeneral ledgers, balance sheets, income statements, cash-flow statements, and profit and loss statements.\" The lawsuit alleges that Tether had conspired to artificially inflate the price of Bitcoin through a USDT campaign.<\/li><\/ul>\n\n\n\n
Tether has avoided providing these documents as they are \"sensitive\", although Failla justified the plaintiffs require the documents \"to asses the backing of USDT with US dollars...The documents sought in the transactions RFPs appear to go to one of Plaintiffs\u2019 core allegations: that the B\/T Defendants engaged in cyptocommodities transactions using unbacked USDT, and that those transactions \u201cwere strategically timed to inflate the market.\u2019\u201d<\/li><\/ul>\n\n\n\n
Tether is also required to cough up accounts and details related to accounts held with Bitfiniex, Bittrex, and Poloniex as apart of a case<\/a> against iFinex started in 2019 - the company behind Bitfinex and Tether.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Tethers Peso-Backed Stablecoin MXNT Launches In Mexico<\/a><\/p>\n","post_title":"Tether Ordered To Reveal USDTs Exact Backings","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tether-ordered-to-reveal-usdts-exact-backings","to_ping":"","pinged":"","post_modified":"2023-04-10 18:53:49","post_modified_gmt":"2023-04-10 08:53:49","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7259","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7229,"post_author":"1","post_date":"2022-09-20 22:22:55","post_date_gmt":"2022-09-20 12:22:55","post_content":"\n
Raoul Pal, a former executive at Goldman Sachs and macro expert believes that Ethereum could lead markets in the next bull cycle.<\/p>\n\n\n\n
Pal recently hosted<\/a> an ask me anything (AMA). Amongst various different questions, Pal predicted that \u201cas adoption keeps building, a lot of adoption spills outside of ETH into the Solana, Avalanche, and a bunch of other protocols as well.\" He added that \"we\u2019re going to see ETH lead the charge, and then we\u2019ll see this tail of stuff starting to come as we start a new bull market and generally things work that way.\u201d<\/p>\n\n\n\n
Pal is keeping his eye on one Ethereum competitor though. \u201cI think a lot of these layer ones this time around will be like ETH in the last cycle. They\u2019ll end up becoming very large dominant chains. Which ones? I don\u2019t really know. My bet is really on Solana, but it could be any of these.\" He added that he is \"watching them and waiting to see,\" tracking SOL\/ETH using a DeMark indicator.<\/p>\n\n\n\n
Pal also recommends listening to a broad base of opinions when doing research for the upcoming markets. \"You weigh them [varying opinions] yourself, how important is that to me?... Having people's opposite opinions, differences, and nuances, is really important for the macro scenario...Once you start listening to a lot of people you can start formulating your own opinions.\" <\/p>\n\n\n\n
He believes that you should follow what makes the most sense from your view - this added responsibility will likely form a better and stronger choice for yourself.<\/p>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n\n\n\n
\nhttps:\/\/www.youtube.com\/watch?v=H5j8mHKHScU\n<\/div>
Raoul Pal - Ask Me Anything<\/figcaption><\/figure>\n","post_title":"ETH Will Lead Charge Next Cycle Predicts Raoul Pal","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"eth-will-lead-charge-next-cycle-predicts-raoul-pal","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-misconceptions-with-the-ethereum-merge\/","post_modified":"2023-04-10 18:54:37","post_modified_gmt":"2023-04-10 08:54:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7229","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7153,"post_author":"1","post_date":"2022-09-19 20:57:39","post_date_gmt":"2022-09-19 10:57:39","post_content":"\n
Ethereum has just completed its merge<\/a> to a proof-of-stake<\/a> consensus from proof-of-work, could the primary source of validation bring in more institutional investors?<\/p>\n\n\n\n
\"They're [instiutional investors] looking for yield,\" said<\/a> FalconX CEO Raghu Yarlagadda in a recent interview with CoinDesk, \"with the ETH merge, the possibility of generating a sustainable, stable yield is interesting\" he added. <\/li><\/ul>\n\n\n\n
PoS is a consensus mechanism where transactions are validated through users staking their coins, in return for staking users will receive a small fee for playing their part. Currently, on Ethereum, this may yield users around 10-15% annually which makes it an alternative to typical bonds. <\/li><\/ul>\n\n\n\n
The reduced energy consumption could also make for a more eco-friendly investment in institutional eyes. Environmental, Social, and Governance (ESG) is a metric popular amongst various institutions, so Ethereum reducing its energy consumption by 99.95% and reducing<\/a> the world's energy consumption by 0.02% is a big plus.<\/li><\/ul>\n\n\n\n
Ethereum will also be more scarce now the merge has happened with annual issuance dropping ~90% to 600,000 per year and burning<\/a> of Ethereum transaction fees, along with staking taking even more Ethereum out of circulation.<\/li><\/ul>\n\n\n\n
Although it may attract institutional investors, using it in an institutional scene may not be the most efficient thing to do as of yet. Currently, Ethereum has 15 transactions per second (TP\/S) compared to VISA with ~1,700 and Solana at 2,300. The merge promises to make Ethereum more accessible which could bring scaling solutions to light that improve its lacking metrics.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Ethereum May Attract Institutional Investors \"Looking For Yield\"","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-may-attract-institutional-investors-looking-for-yield","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2023-04-10 18:54:55","post_modified_gmt":"2023-04-10 08:54:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7153","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7141,"post_author":"1","post_date":"2022-09-14 22:57:51","post_date_gmt":"2022-09-14 12:57:51","post_content":"\n
Do Kwon, co-founder of Terraform Labs has been issued an arrest warrant by a South Korean court in the wake of Terra Luna's collapse<\/a> earlier this year.<\/p>\n\n\n\n
A report<\/a> from South Korean news outlet Chosun Ilbo details that there were an additional 5 arrest warrants laid out. This includes Nicholas Platias, a founding member of Terraform Labs, and Han Mo, an employee. The charges being faced are for violating the Capital Markets Act. As prosecutors believe that Terra Luna falls under an \u201cinvestment contract security\u201d.<\/li><\/ul>\n\n\n\n
Although the warrant was issued by a South Korean court, key members of Terraform Labs including Kwon and the 5 other individuals are currently located in Singapore. As a result, the warrant is valid for the next year. This comes after South Korean authorities banned<\/a> Terra Luna's main designers from leaving the country.<\/li><\/ul>\n\n\n\n
After LUNA and sister stablecoin<\/a> UST collapsed earlier this year, investors were bought to outrage with a combined US$42B wiped out from the two coins alongside a 99.99% drop in price. In turn, investors were quick to sue Kwon and others for violating various laws and acts as rumors<\/a> were quick to spread in relation to the downfall.<\/li><\/ul>\n\n\n\n
See Related:<\/strong><\/em> War On Code \u2013 Tornado Cash Developer Alexey Pertsev Arrested<\/a><\/p>\n","post_title":"Terra's Do Kwon Wanted For Arrest By Seoul Court","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"terras-do-kwon-wanted-for-arrest-by-seoul-court","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-30 21:31:32","post_modified_gmt":"2023-04-30 11:31:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7141","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7107,"post_author":"1","post_date":"2022-09-12 21:36:27","post_date_gmt":"2022-09-12 11:36:27","post_content":"\n
Benjamin Cowen<\/a> is a well-regarded crypto analyst, using a historically accurate indicator he has found it likely that Bitcoin has hit its bottom or is very close to doing so.<\/p>\n\n\n\n
Cowen was recently featured<\/a> on Kitco News where he discussed his use of the metric. \"One of the interesting things about this chart is that historically, Bitcoin does not bottom until after they cross,\" he stated.<\/li><\/ul>\n\n\n\n
The indicator Cowen used is the Bitcoin Percentage Of Supply In Profit And Loss<\/a>. This indicates how many Bitcoins are at a profit or loss for their holders. Looking at the chart from a widened perspective Cowen shows how this metric has accompanied tops and bottoms over the long term.<\/li><\/ul>\n\n\n\n
Cowen added that they have recently just crossed each other and how the bottom typically occurs after they cross. \"When it comes up here, that\u2019s generally the time where you want to scale out when we\u2019re continuing to push those new all-time highs so to me this is an indicator that would suggest that if we did get another leg down there\u2019s a lot of evidence that could be the major bottom,\" he added.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bullish On Bitcoin, It\u2019s Trading At A Discount \u2013 Bloomberg Intelligence<\/a><\/p>\n\n\n\n
$\"Benjamin$
Benjamin Cowen Illustrating The Bitcoin Percentage Of Supply In Profit And Loss Metric Source: YouTube\/Kitco News<\/em><\/figcaption><\/figure>\n","post_title":"Bitcoins Bottom Is Likely In, Crypto Analyst Benjamin Cowen","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoins-bottom-is-likely-in-crypto-analyst-benjamin-cowen","to_ping":"","pinged":"","post_modified":"2023-04-11 00:07:43","post_modified_gmt":"2023-04-10 14:07:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7107","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7093,"post_author":"1","post_date":"2022-09-11 19:27:57","post_date_gmt":"2022-09-11 09:27:57","post_content":"\n
Mike McGlone is a senior strategist at Bloomberg Intelligence, has recently shared multiple on Twitter discussing various commodities and concerns related to the current state of markets worldwide.<\/p>\n\n\n\n
In one tweet McGlone outlined his September Crypto Outlook<\/a><\/em> where he believes that the world is leaning towards a recession in light of recent events including the tightening of interest rates by the Federal Reserve.<\/li><\/ul>\n\n\n\n
A key indicator that had encouraged the Fed's fight against inflation was the soar in energy prices. This pressured high-risk assets, namely cryptocurrencies, and once the dust settles from recent events crypto prices will start to \"bouy\" as \u201ccrude oil decline may fuel Bitcoin recovery.\u201d Reuters recently reported<\/a> that the Strategic Petroleum Reserve (SPR) fell to its lowest level in more than 35 years.<\/li><\/ul>\n\n\n\n
Price data from 2018-19 was compared to price data from today showing a similar benchmark where \"Bitcoin is at a discount within an elongated bull market.\"<\/li><\/ul>\n\n\n\n
$\""Too$
Bitcoin Price Data. Source: Bloomberg Intelligence<\/figcaption><\/figure>\n\n\n\n
In an interview<\/a> with Bell Media, McGlone believes that cryptocurrencies will continue to outperform traditional assets with declining volatility. He hints at being bullish on Bitcoin believing will put in a bottom at, or below $20,000 similar to 2018 and 2013 before going into an upward trajectory.<\/li><\/ul>\n\n\n\n
McGlone hinted at Ethereum becoming a large part of the financial system as the merge<\/a> approaches due to its ability to make tokenized assets<\/a> readily accessible to the public just like ETFs had done with traditional assets.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Will Return \u2013 Ruchir Sharma, The Chairman Of Rockefeller International<\/a><\/p>\n","post_title":"Bullish On Bitcoin, It's Trading At A Discount - Bloomberg Intelligence","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bullish-on-bitcoin-its-trading-at-a-discount-bloomberg-intelligence","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/ethereum-proof-of-stake-merge-set-for-mid-september\/\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/\nhttps:\/\/www.thedistributed.co\/bitcoin-will-return-ruchir-sharma-the-chairman-of-rockefeller-international\/","post_modified":"2023-04-11 00:07:57","post_modified_gmt":"2023-04-10 14:07:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7093","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Hopeful That ZCash And Dogecoin Move To PoS - Vitalik Buterin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hopeful-that-zcash-and-dogecoin-move-to-pos-vitalik-buterin","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/proof-of-stake\/\nhttps:\/\/www.thedistributed.co\/whistleblower-edward-snowden-played-a-key-role-in-the-creation-of-zcash\/","post_modified":"2023-04-30 21:30:23","post_modified_gmt":"2023-04-30 11:30:23","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7348","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7259,"post_author":"1","post_date":"2022-09-21 21:11:23","post_date_gmt":"2022-09-21 11:11:23","post_content":"\n
Katherine Polk Failla, a New York judge, has ordered<\/a> Tether to reveal the financial documents that prove its backing of the stable<\/a>c<\/a>oin<\/a>.<\/p>\n\n\n\n
Tether is required to provide the United States District Court for the Southern District of New York with \u201cgeneral ledgers, balance sheets, income statements, cash-flow statements, and profit and loss statements.\" The lawsuit alleges that Tether had conspired to artificially inflate the price of Bitcoin through a USDT campaign.<\/li><\/ul>\n\n\n\n
Tether has avoided providing these documents as they are \"sensitive\", although Failla justified the plaintiffs require the documents \"to asses the backing of USDT with US dollars...The documents sought in the transactions RFPs appear to go to one of Plaintiffs\u2019 core allegations: that the B\/T Defendants engaged in cyptocommodities transactions using unbacked USDT, and that those transactions \u201cwere strategically timed to inflate the market.\u2019\u201d<\/li><\/ul>\n\n\n\n
Tether is also required to cough up accounts and details related to accounts held with Bitfiniex, Bittrex, and Poloniex as apart of a case<\/a> against iFinex started in 2019 - the company behind Bitfinex and Tether.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Tethers Peso-Backed Stablecoin MXNT Launches In Mexico<\/a><\/p>\n","post_title":"Tether Ordered To Reveal USDTs Exact Backings","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tether-ordered-to-reveal-usdts-exact-backings","to_ping":"","pinged":"","post_modified":"2023-04-10 18:53:49","post_modified_gmt":"2023-04-10 08:53:49","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7259","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7229,"post_author":"1","post_date":"2022-09-20 22:22:55","post_date_gmt":"2022-09-20 12:22:55","post_content":"\n
Raoul Pal, a former executive at Goldman Sachs and macro expert believes that Ethereum could lead markets in the next bull cycle.<\/p>\n\n\n\n
Pal recently hosted<\/a> an ask me anything (AMA). Amongst various different questions, Pal predicted that \u201cas adoption keeps building, a lot of adoption spills outside of ETH into the Solana, Avalanche, and a bunch of other protocols as well.\" He added that \"we\u2019re going to see ETH lead the charge, and then we\u2019ll see this tail of stuff starting to come as we start a new bull market and generally things work that way.\u201d<\/p>\n\n\n\n
Pal is keeping his eye on one Ethereum competitor though. \u201cI think a lot of these layer ones this time around will be like ETH in the last cycle. They\u2019ll end up becoming very large dominant chains. Which ones? I don\u2019t really know. My bet is really on Solana, but it could be any of these.\" He added that he is \"watching them and waiting to see,\" tracking SOL\/ETH using a DeMark indicator.<\/p>\n\n\n\n
Pal also recommends listening to a broad base of opinions when doing research for the upcoming markets. \"You weigh them [varying opinions] yourself, how important is that to me?... Having people's opposite opinions, differences, and nuances, is really important for the macro scenario...Once you start listening to a lot of people you can start formulating your own opinions.\" <\/p>\n\n\n\n
He believes that you should follow what makes the most sense from your view - this added responsibility will likely form a better and stronger choice for yourself.<\/p>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n\n\n\n
\nhttps:\/\/www.youtube.com\/watch?v=H5j8mHKHScU\n<\/div>
Raoul Pal - Ask Me Anything<\/figcaption><\/figure>\n","post_title":"ETH Will Lead Charge Next Cycle Predicts Raoul Pal","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"eth-will-lead-charge-next-cycle-predicts-raoul-pal","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-misconceptions-with-the-ethereum-merge\/","post_modified":"2023-04-10 18:54:37","post_modified_gmt":"2023-04-10 08:54:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7229","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7153,"post_author":"1","post_date":"2022-09-19 20:57:39","post_date_gmt":"2022-09-19 10:57:39","post_content":"\n
Ethereum has just completed its merge<\/a> to a proof-of-stake<\/a> consensus from proof-of-work, could the primary source of validation bring in more institutional investors?<\/p>\n\n\n\n
\"They're [instiutional investors] looking for yield,\" said<\/a> FalconX CEO Raghu Yarlagadda in a recent interview with CoinDesk, \"with the ETH merge, the possibility of generating a sustainable, stable yield is interesting\" he added. <\/li><\/ul>\n\n\n\n
PoS is a consensus mechanism where transactions are validated through users staking their coins, in return for staking users will receive a small fee for playing their part. Currently, on Ethereum, this may yield users around 10-15% annually which makes it an alternative to typical bonds. <\/li><\/ul>\n\n\n\n
The reduced energy consumption could also make for a more eco-friendly investment in institutional eyes. Environmental, Social, and Governance (ESG) is a metric popular amongst various institutions, so Ethereum reducing its energy consumption by 99.95% and reducing<\/a> the world's energy consumption by 0.02% is a big plus.<\/li><\/ul>\n\n\n\n
Ethereum will also be more scarce now the merge has happened with annual issuance dropping ~90% to 600,000 per year and burning<\/a> of Ethereum transaction fees, along with staking taking even more Ethereum out of circulation.<\/li><\/ul>\n\n\n\n
Although it may attract institutional investors, using it in an institutional scene may not be the most efficient thing to do as of yet. Currently, Ethereum has 15 transactions per second (TP\/S) compared to VISA with ~1,700 and Solana at 2,300. The merge promises to make Ethereum more accessible which could bring scaling solutions to light that improve its lacking metrics.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Ethereum May Attract Institutional Investors \"Looking For Yield\"","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-may-attract-institutional-investors-looking-for-yield","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2023-04-10 18:54:55","post_modified_gmt":"2023-04-10 08:54:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7153","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7141,"post_author":"1","post_date":"2022-09-14 22:57:51","post_date_gmt":"2022-09-14 12:57:51","post_content":"\n
Do Kwon, co-founder of Terraform Labs has been issued an arrest warrant by a South Korean court in the wake of Terra Luna's collapse<\/a> earlier this year.<\/p>\n\n\n\n
A report<\/a> from South Korean news outlet Chosun Ilbo details that there were an additional 5 arrest warrants laid out. This includes Nicholas Platias, a founding member of Terraform Labs, and Han Mo, an employee. The charges being faced are for violating the Capital Markets Act. As prosecutors believe that Terra Luna falls under an \u201cinvestment contract security\u201d.<\/li><\/ul>\n\n\n\n
Although the warrant was issued by a South Korean court, key members of Terraform Labs including Kwon and the 5 other individuals are currently located in Singapore. As a result, the warrant is valid for the next year. This comes after South Korean authorities banned<\/a> Terra Luna's main designers from leaving the country.<\/li><\/ul>\n\n\n\n
After LUNA and sister stablecoin<\/a> UST collapsed earlier this year, investors were bought to outrage with a combined US$42B wiped out from the two coins alongside a 99.99% drop in price. In turn, investors were quick to sue Kwon and others for violating various laws and acts as rumors<\/a> were quick to spread in relation to the downfall.<\/li><\/ul>\n\n\n\n
See Related:<\/strong><\/em> War On Code \u2013 Tornado Cash Developer Alexey Pertsev Arrested<\/a><\/p>\n","post_title":"Terra's Do Kwon Wanted For Arrest By Seoul Court","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"terras-do-kwon-wanted-for-arrest-by-seoul-court","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-30 21:31:32","post_modified_gmt":"2023-04-30 11:31:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7141","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7107,"post_author":"1","post_date":"2022-09-12 21:36:27","post_date_gmt":"2022-09-12 11:36:27","post_content":"\n
Benjamin Cowen<\/a> is a well-regarded crypto analyst, using a historically accurate indicator he has found it likely that Bitcoin has hit its bottom or is very close to doing so.<\/p>\n\n\n\n
Cowen was recently featured<\/a> on Kitco News where he discussed his use of the metric. \"One of the interesting things about this chart is that historically, Bitcoin does not bottom until after they cross,\" he stated.<\/li><\/ul>\n\n\n\n
The indicator Cowen used is the Bitcoin Percentage Of Supply In Profit And Loss<\/a>. This indicates how many Bitcoins are at a profit or loss for their holders. Looking at the chart from a widened perspective Cowen shows how this metric has accompanied tops and bottoms over the long term.<\/li><\/ul>\n\n\n\n
Cowen added that they have recently just crossed each other and how the bottom typically occurs after they cross. \"When it comes up here, that\u2019s generally the time where you want to scale out when we\u2019re continuing to push those new all-time highs so to me this is an indicator that would suggest that if we did get another leg down there\u2019s a lot of evidence that could be the major bottom,\" he added.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bullish On Bitcoin, It\u2019s Trading At A Discount \u2013 Bloomberg Intelligence<\/a><\/p>\n\n\n\n
$\"Benjamin$
Benjamin Cowen Illustrating The Bitcoin Percentage Of Supply In Profit And Loss Metric Source: YouTube\/Kitco News<\/em><\/figcaption><\/figure>\n","post_title":"Bitcoins Bottom Is Likely In, Crypto Analyst Benjamin Cowen","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoins-bottom-is-likely-in-crypto-analyst-benjamin-cowen","to_ping":"","pinged":"","post_modified":"2023-04-11 00:07:43","post_modified_gmt":"2023-04-10 14:07:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7107","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7093,"post_author":"1","post_date":"2022-09-11 19:27:57","post_date_gmt":"2022-09-11 09:27:57","post_content":"\n
Mike McGlone is a senior strategist at Bloomberg Intelligence, has recently shared multiple on Twitter discussing various commodities and concerns related to the current state of markets worldwide.<\/p>\n\n\n\n
In one tweet McGlone outlined his September Crypto Outlook<\/a><\/em> where he believes that the world is leaning towards a recession in light of recent events including the tightening of interest rates by the Federal Reserve.<\/li><\/ul>\n\n\n\n
A key indicator that had encouraged the Fed's fight against inflation was the soar in energy prices. This pressured high-risk assets, namely cryptocurrencies, and once the dust settles from recent events crypto prices will start to \"bouy\" as \u201ccrude oil decline may fuel Bitcoin recovery.\u201d Reuters recently reported<\/a> that the Strategic Petroleum Reserve (SPR) fell to its lowest level in more than 35 years.<\/li><\/ul>\n\n\n\n
Price data from 2018-19 was compared to price data from today showing a similar benchmark where \"Bitcoin is at a discount within an elongated bull market.\"<\/li><\/ul>\n\n\n\n
$\""Too$
Bitcoin Price Data. Source: Bloomberg Intelligence<\/figcaption><\/figure>\n\n\n\n
In an interview<\/a> with Bell Media, McGlone believes that cryptocurrencies will continue to outperform traditional assets with declining volatility. He hints at being bullish on Bitcoin believing will put in a bottom at, or below $20,000 similar to 2018 and 2013 before going into an upward trajectory.<\/li><\/ul>\n\n\n\n
McGlone hinted at Ethereum becoming a large part of the financial system as the merge<\/a> approaches due to its ability to make tokenized assets<\/a> readily accessible to the public just like ETFs had done with traditional assets.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Will Return \u2013 Ruchir Sharma, The Chairman Of Rockefeller International<\/a><\/p>\n","post_title":"Bullish On Bitcoin, It's Trading At A Discount - Bloomberg Intelligence","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bullish-on-bitcoin-its-trading-at-a-discount-bloomberg-intelligence","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/ethereum-proof-of-stake-merge-set-for-mid-september\/\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/\nhttps:\/\/www.thedistributed.co\/bitcoin-will-return-ruchir-sharma-the-chairman-of-rockefeller-international\/","post_modified":"2023-04-11 00:07:57","post_modified_gmt":"2023-04-10 14:07:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7093","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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Binance Coin (BNB)

December 8, 2022 - Updated on January 15, 2023

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November 24, 2024

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\n
ZCash is currently trading at $57.59 and is the 54th largest token<\/a> by market cap. Dogecoin is currently trading at $0.066 and is the 10th largest token by ma<\/a>r<\/a>ket cap<\/a>.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Hopeful That ZCash And Dogecoin Move To PoS - Vitalik Buterin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hopeful-that-zcash-and-dogecoin-move-to-pos-vitalik-buterin","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/proof-of-stake\/\nhttps:\/\/www.thedistributed.co\/whistleblower-edward-snowden-played-a-key-role-in-the-creation-of-zcash\/","post_modified":"2023-04-30 21:30:23","post_modified_gmt":"2023-04-30 11:30:23","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7348","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7259,"post_author":"1","post_date":"2022-09-21 21:11:23","post_date_gmt":"2022-09-21 11:11:23","post_content":"\n
Katherine Polk Failla, a New York judge, has ordered<\/a> Tether to reveal the financial documents that prove its backing of the stable<\/a>c<\/a>oin<\/a>.<\/p>\n\n\n\n
Tether is required to provide the United States District Court for the Southern District of New York with \u201cgeneral ledgers, balance sheets, income statements, cash-flow statements, and profit and loss statements.\" The lawsuit alleges that Tether had conspired to artificially inflate the price of Bitcoin through a USDT campaign.<\/li><\/ul>\n\n\n\n
Tether has avoided providing these documents as they are \"sensitive\", although Failla justified the plaintiffs require the documents \"to asses the backing of USDT with US dollars...The documents sought in the transactions RFPs appear to go to one of Plaintiffs\u2019 core allegations: that the B\/T Defendants engaged in cyptocommodities transactions using unbacked USDT, and that those transactions \u201cwere strategically timed to inflate the market.\u2019\u201d<\/li><\/ul>\n\n\n\n
Tether is also required to cough up accounts and details related to accounts held with Bitfiniex, Bittrex, and Poloniex as apart of a case<\/a> against iFinex started in 2019 - the company behind Bitfinex and Tether.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Tethers Peso-Backed Stablecoin MXNT Launches In Mexico<\/a><\/p>\n","post_title":"Tether Ordered To Reveal USDTs Exact Backings","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tether-ordered-to-reveal-usdts-exact-backings","to_ping":"","pinged":"","post_modified":"2023-04-10 18:53:49","post_modified_gmt":"2023-04-10 08:53:49","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7259","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7229,"post_author":"1","post_date":"2022-09-20 22:22:55","post_date_gmt":"2022-09-20 12:22:55","post_content":"\n
Raoul Pal, a former executive at Goldman Sachs and macro expert believes that Ethereum could lead markets in the next bull cycle.<\/p>\n\n\n\n
Pal recently hosted<\/a> an ask me anything (AMA). Amongst various different questions, Pal predicted that \u201cas adoption keeps building, a lot of adoption spills outside of ETH into the Solana, Avalanche, and a bunch of other protocols as well.\" He added that \"we\u2019re going to see ETH lead the charge, and then we\u2019ll see this tail of stuff starting to come as we start a new bull market and generally things work that way.\u201d<\/p>\n\n\n\n
Pal is keeping his eye on one Ethereum competitor though. \u201cI think a lot of these layer ones this time around will be like ETH in the last cycle. They\u2019ll end up becoming very large dominant chains. Which ones? I don\u2019t really know. My bet is really on Solana, but it could be any of these.\" He added that he is \"watching them and waiting to see,\" tracking SOL\/ETH using a DeMark indicator.<\/p>\n\n\n\n
Pal also recommends listening to a broad base of opinions when doing research for the upcoming markets. \"You weigh them [varying opinions] yourself, how important is that to me?... Having people's opposite opinions, differences, and nuances, is really important for the macro scenario...Once you start listening to a lot of people you can start formulating your own opinions.\" <\/p>\n\n\n\n
He believes that you should follow what makes the most sense from your view - this added responsibility will likely form a better and stronger choice for yourself.<\/p>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n\n\n\n
\nhttps:\/\/www.youtube.com\/watch?v=H5j8mHKHScU\n<\/div>
Raoul Pal - Ask Me Anything<\/figcaption><\/figure>\n","post_title":"ETH Will Lead Charge Next Cycle Predicts Raoul Pal","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"eth-will-lead-charge-next-cycle-predicts-raoul-pal","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-misconceptions-with-the-ethereum-merge\/","post_modified":"2023-04-10 18:54:37","post_modified_gmt":"2023-04-10 08:54:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7229","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7153,"post_author":"1","post_date":"2022-09-19 20:57:39","post_date_gmt":"2022-09-19 10:57:39","post_content":"\n
Ethereum has just completed its merge<\/a> to a proof-of-stake<\/a> consensus from proof-of-work, could the primary source of validation bring in more institutional investors?<\/p>\n\n\n\n
\"They're [instiutional investors] looking for yield,\" said<\/a> FalconX CEO Raghu Yarlagadda in a recent interview with CoinDesk, \"with the ETH merge, the possibility of generating a sustainable, stable yield is interesting\" he added. <\/li><\/ul>\n\n\n\n
PoS is a consensus mechanism where transactions are validated through users staking their coins, in return for staking users will receive a small fee for playing their part. Currently, on Ethereum, this may yield users around 10-15% annually which makes it an alternative to typical bonds. <\/li><\/ul>\n\n\n\n
The reduced energy consumption could also make for a more eco-friendly investment in institutional eyes. Environmental, Social, and Governance (ESG) is a metric popular amongst various institutions, so Ethereum reducing its energy consumption by 99.95% and reducing<\/a> the world's energy consumption by 0.02% is a big plus.<\/li><\/ul>\n\n\n\n
Ethereum will also be more scarce now the merge has happened with annual issuance dropping ~90% to 600,000 per year and burning<\/a> of Ethereum transaction fees, along with staking taking even more Ethereum out of circulation.<\/li><\/ul>\n\n\n\n
Although it may attract institutional investors, using it in an institutional scene may not be the most efficient thing to do as of yet. Currently, Ethereum has 15 transactions per second (TP\/S) compared to VISA with ~1,700 and Solana at 2,300. The merge promises to make Ethereum more accessible which could bring scaling solutions to light that improve its lacking metrics.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Ethereum May Attract Institutional Investors \"Looking For Yield\"","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-may-attract-institutional-investors-looking-for-yield","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2023-04-10 18:54:55","post_modified_gmt":"2023-04-10 08:54:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7153","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7141,"post_author":"1","post_date":"2022-09-14 22:57:51","post_date_gmt":"2022-09-14 12:57:51","post_content":"\n
Do Kwon, co-founder of Terraform Labs has been issued an arrest warrant by a South Korean court in the wake of Terra Luna's collapse<\/a> earlier this year.<\/p>\n\n\n\n
A report<\/a> from South Korean news outlet Chosun Ilbo details that there were an additional 5 arrest warrants laid out. This includes Nicholas Platias, a founding member of Terraform Labs, and Han Mo, an employee. The charges being faced are for violating the Capital Markets Act. As prosecutors believe that Terra Luna falls under an \u201cinvestment contract security\u201d.<\/li><\/ul>\n\n\n\n
Although the warrant was issued by a South Korean court, key members of Terraform Labs including Kwon and the 5 other individuals are currently located in Singapore. As a result, the warrant is valid for the next year. This comes after South Korean authorities banned<\/a> Terra Luna's main designers from leaving the country.<\/li><\/ul>\n\n\n\n
After LUNA and sister stablecoin<\/a> UST collapsed earlier this year, investors were bought to outrage with a combined US$42B wiped out from the two coins alongside a 99.99% drop in price. In turn, investors were quick to sue Kwon and others for violating various laws and acts as rumors<\/a> were quick to spread in relation to the downfall.<\/li><\/ul>\n\n\n\n
See Related:<\/strong><\/em> War On Code \u2013 Tornado Cash Developer Alexey Pertsev Arrested<\/a><\/p>\n","post_title":"Terra's Do Kwon Wanted For Arrest By Seoul Court","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"terras-do-kwon-wanted-for-arrest-by-seoul-court","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-30 21:31:32","post_modified_gmt":"2023-04-30 11:31:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7141","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7107,"post_author":"1","post_date":"2022-09-12 21:36:27","post_date_gmt":"2022-09-12 11:36:27","post_content":"\n
Benjamin Cowen<\/a> is a well-regarded crypto analyst, using a historically accurate indicator he has found it likely that Bitcoin has hit its bottom or is very close to doing so.<\/p>\n\n\n\n
Cowen was recently featured<\/a> on Kitco News where he discussed his use of the metric. \"One of the interesting things about this chart is that historically, Bitcoin does not bottom until after they cross,\" he stated.<\/li><\/ul>\n\n\n\n
The indicator Cowen used is the Bitcoin Percentage Of Supply In Profit And Loss<\/a>. This indicates how many Bitcoins are at a profit or loss for their holders. Looking at the chart from a widened perspective Cowen shows how this metric has accompanied tops and bottoms over the long term.<\/li><\/ul>\n\n\n\n
Cowen added that they have recently just crossed each other and how the bottom typically occurs after they cross. \"When it comes up here, that\u2019s generally the time where you want to scale out when we\u2019re continuing to push those new all-time highs so to me this is an indicator that would suggest that if we did get another leg down there\u2019s a lot of evidence that could be the major bottom,\" he added.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bullish On Bitcoin, It\u2019s Trading At A Discount \u2013 Bloomberg Intelligence<\/a><\/p>\n\n\n\n
$\"Benjamin$
Benjamin Cowen Illustrating The Bitcoin Percentage Of Supply In Profit And Loss Metric Source: YouTube\/Kitco News<\/em><\/figcaption><\/figure>\n","post_title":"Bitcoins Bottom Is Likely In, Crypto Analyst Benjamin Cowen","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoins-bottom-is-likely-in-crypto-analyst-benjamin-cowen","to_ping":"","pinged":"","post_modified":"2023-04-11 00:07:43","post_modified_gmt":"2023-04-10 14:07:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7107","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7093,"post_author":"1","post_date":"2022-09-11 19:27:57","post_date_gmt":"2022-09-11 09:27:57","post_content":"\n
Mike McGlone is a senior strategist at Bloomberg Intelligence, has recently shared multiple on Twitter discussing various commodities and concerns related to the current state of markets worldwide.<\/p>\n\n\n\n
In one tweet McGlone outlined his September Crypto Outlook<\/a><\/em> where he believes that the world is leaning towards a recession in light of recent events including the tightening of interest rates by the Federal Reserve.<\/li><\/ul>\n\n\n\n
A key indicator that had encouraged the Fed's fight against inflation was the soar in energy prices. This pressured high-risk assets, namely cryptocurrencies, and once the dust settles from recent events crypto prices will start to \"bouy\" as \u201ccrude oil decline may fuel Bitcoin recovery.\u201d Reuters recently reported<\/a> that the Strategic Petroleum Reserve (SPR) fell to its lowest level in more than 35 years.<\/li><\/ul>\n\n\n\n
Price data from 2018-19 was compared to price data from today showing a similar benchmark where \"Bitcoin is at a discount within an elongated bull market.\"<\/li><\/ul>\n\n\n\n
$\""Too$
Bitcoin Price Data. Source: Bloomberg Intelligence<\/figcaption><\/figure>\n\n\n\n
In an interview<\/a> with Bell Media, McGlone believes that cryptocurrencies will continue to outperform traditional assets with declining volatility. He hints at being bullish on Bitcoin believing will put in a bottom at, or below $20,000 similar to 2018 and 2013 before going into an upward trajectory.<\/li><\/ul>\n\n\n\n
McGlone hinted at Ethereum becoming a large part of the financial system as the merge<\/a> approaches due to its ability to make tokenized assets<\/a> readily accessible to the public just like ETFs had done with traditional assets.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Will Return \u2013 Ruchir Sharma, The Chairman Of Rockefeller International<\/a><\/p>\n","post_title":"Bullish On Bitcoin, It's Trading At A Discount - Bloomberg Intelligence","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bullish-on-bitcoin-its-trading-at-a-discount-bloomberg-intelligence","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/ethereum-proof-of-stake-merge-set-for-mid-september\/\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/\nhttps:\/\/www.thedistributed.co\/bitcoin-will-return-ruchir-sharma-the-chairman-of-rockefeller-international\/","post_modified":"2023-04-11 00:07:57","post_modified_gmt":"2023-04-10 14:07:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7093","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 15 16 17 18 19 … 41 Next

Most Read

The Coins

Binance Coin (BNB)

December 8, 2022 - Updated on January 15, 2023

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

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Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

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Follow The Distributed

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\n
On the other hand, Dogecoin is a cryptocurrency that has grown heavily in popularity over the past few years despite launching to mock cryptocurrencies. Dogecoin is now commonly accepted by vendors and its developers have expressed interest in a PoS chain.<\/li><\/ul>\n\n\n\n
ZCash is currently trading at $57.59 and is the 54th largest token<\/a> by market cap. Dogecoin is currently trading at $0.066 and is the 10th largest token by ma<\/a>r<\/a>ket cap<\/a>.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Hopeful That ZCash And Dogecoin Move To PoS - Vitalik Buterin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hopeful-that-zcash-and-dogecoin-move-to-pos-vitalik-buterin","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/proof-of-stake\/\nhttps:\/\/www.thedistributed.co\/whistleblower-edward-snowden-played-a-key-role-in-the-creation-of-zcash\/","post_modified":"2023-04-30 21:30:23","post_modified_gmt":"2023-04-30 11:30:23","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7348","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7259,"post_author":"1","post_date":"2022-09-21 21:11:23","post_date_gmt":"2022-09-21 11:11:23","post_content":"\n
Katherine Polk Failla, a New York judge, has ordered<\/a> Tether to reveal the financial documents that prove its backing of the stable<\/a>c<\/a>oin<\/a>.<\/p>\n\n\n\n
Tether is required to provide the United States District Court for the Southern District of New York with \u201cgeneral ledgers, balance sheets, income statements, cash-flow statements, and profit and loss statements.\" The lawsuit alleges that Tether had conspired to artificially inflate the price of Bitcoin through a USDT campaign.<\/li><\/ul>\n\n\n\n
Tether has avoided providing these documents as they are \"sensitive\", although Failla justified the plaintiffs require the documents \"to asses the backing of USDT with US dollars...The documents sought in the transactions RFPs appear to go to one of Plaintiffs\u2019 core allegations: that the B\/T Defendants engaged in cyptocommodities transactions using unbacked USDT, and that those transactions \u201cwere strategically timed to inflate the market.\u2019\u201d<\/li><\/ul>\n\n\n\n
Tether is also required to cough up accounts and details related to accounts held with Bitfiniex, Bittrex, and Poloniex as apart of a case<\/a> against iFinex started in 2019 - the company behind Bitfinex and Tether.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Tethers Peso-Backed Stablecoin MXNT Launches In Mexico<\/a><\/p>\n","post_title":"Tether Ordered To Reveal USDTs Exact Backings","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tether-ordered-to-reveal-usdts-exact-backings","to_ping":"","pinged":"","post_modified":"2023-04-10 18:53:49","post_modified_gmt":"2023-04-10 08:53:49","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7259","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7229,"post_author":"1","post_date":"2022-09-20 22:22:55","post_date_gmt":"2022-09-20 12:22:55","post_content":"\n
Raoul Pal, a former executive at Goldman Sachs and macro expert believes that Ethereum could lead markets in the next bull cycle.<\/p>\n\n\n\n
Pal recently hosted<\/a> an ask me anything (AMA). Amongst various different questions, Pal predicted that \u201cas adoption keeps building, a lot of adoption spills outside of ETH into the Solana, Avalanche, and a bunch of other protocols as well.\" He added that \"we\u2019re going to see ETH lead the charge, and then we\u2019ll see this tail of stuff starting to come as we start a new bull market and generally things work that way.\u201d<\/p>\n\n\n\n
Pal is keeping his eye on one Ethereum competitor though. \u201cI think a lot of these layer ones this time around will be like ETH in the last cycle. They\u2019ll end up becoming very large dominant chains. Which ones? I don\u2019t really know. My bet is really on Solana, but it could be any of these.\" He added that he is \"watching them and waiting to see,\" tracking SOL\/ETH using a DeMark indicator.<\/p>\n\n\n\n
Pal also recommends listening to a broad base of opinions when doing research for the upcoming markets. \"You weigh them [varying opinions] yourself, how important is that to me?... Having people's opposite opinions, differences, and nuances, is really important for the macro scenario...Once you start listening to a lot of people you can start formulating your own opinions.\" <\/p>\n\n\n\n
He believes that you should follow what makes the most sense from your view - this added responsibility will likely form a better and stronger choice for yourself.<\/p>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n\n\n\n
\nhttps:\/\/www.youtube.com\/watch?v=H5j8mHKHScU\n<\/div>
Raoul Pal - Ask Me Anything<\/figcaption><\/figure>\n","post_title":"ETH Will Lead Charge Next Cycle Predicts Raoul Pal","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"eth-will-lead-charge-next-cycle-predicts-raoul-pal","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-misconceptions-with-the-ethereum-merge\/","post_modified":"2023-04-10 18:54:37","post_modified_gmt":"2023-04-10 08:54:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7229","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7153,"post_author":"1","post_date":"2022-09-19 20:57:39","post_date_gmt":"2022-09-19 10:57:39","post_content":"\n
Ethereum has just completed its merge<\/a> to a proof-of-stake<\/a> consensus from proof-of-work, could the primary source of validation bring in more institutional investors?<\/p>\n\n\n\n
\"They're [instiutional investors] looking for yield,\" said<\/a> FalconX CEO Raghu Yarlagadda in a recent interview with CoinDesk, \"with the ETH merge, the possibility of generating a sustainable, stable yield is interesting\" he added. <\/li><\/ul>\n\n\n\n
PoS is a consensus mechanism where transactions are validated through users staking their coins, in return for staking users will receive a small fee for playing their part. Currently, on Ethereum, this may yield users around 10-15% annually which makes it an alternative to typical bonds. <\/li><\/ul>\n\n\n\n
The reduced energy consumption could also make for a more eco-friendly investment in institutional eyes. Environmental, Social, and Governance (ESG) is a metric popular amongst various institutions, so Ethereum reducing its energy consumption by 99.95% and reducing<\/a> the world's energy consumption by 0.02% is a big plus.<\/li><\/ul>\n\n\n\n
Ethereum will also be more scarce now the merge has happened with annual issuance dropping ~90% to 600,000 per year and burning<\/a> of Ethereum transaction fees, along with staking taking even more Ethereum out of circulation.<\/li><\/ul>\n\n\n\n
Although it may attract institutional investors, using it in an institutional scene may not be the most efficient thing to do as of yet. Currently, Ethereum has 15 transactions per second (TP\/S) compared to VISA with ~1,700 and Solana at 2,300. The merge promises to make Ethereum more accessible which could bring scaling solutions to light that improve its lacking metrics.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Ethereum May Attract Institutional Investors \"Looking For Yield\"","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-may-attract-institutional-investors-looking-for-yield","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2023-04-10 18:54:55","post_modified_gmt":"2023-04-10 08:54:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7153","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7141,"post_author":"1","post_date":"2022-09-14 22:57:51","post_date_gmt":"2022-09-14 12:57:51","post_content":"\n
Do Kwon, co-founder of Terraform Labs has been issued an arrest warrant by a South Korean court in the wake of Terra Luna's collapse<\/a> earlier this year.<\/p>\n\n\n\n
A report<\/a> from South Korean news outlet Chosun Ilbo details that there were an additional 5 arrest warrants laid out. This includes Nicholas Platias, a founding member of Terraform Labs, and Han Mo, an employee. The charges being faced are for violating the Capital Markets Act. As prosecutors believe that Terra Luna falls under an \u201cinvestment contract security\u201d.<\/li><\/ul>\n\n\n\n
Although the warrant was issued by a South Korean court, key members of Terraform Labs including Kwon and the 5 other individuals are currently located in Singapore. As a result, the warrant is valid for the next year. This comes after South Korean authorities banned<\/a> Terra Luna's main designers from leaving the country.<\/li><\/ul>\n\n\n\n
After LUNA and sister stablecoin<\/a> UST collapsed earlier this year, investors were bought to outrage with a combined US$42B wiped out from the two coins alongside a 99.99% drop in price. In turn, investors were quick to sue Kwon and others for violating various laws and acts as rumors<\/a> were quick to spread in relation to the downfall.<\/li><\/ul>\n\n\n\n
See Related:<\/strong><\/em> War On Code \u2013 Tornado Cash Developer Alexey Pertsev Arrested<\/a><\/p>\n","post_title":"Terra's Do Kwon Wanted For Arrest By Seoul Court","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"terras-do-kwon-wanted-for-arrest-by-seoul-court","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-30 21:31:32","post_modified_gmt":"2023-04-30 11:31:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7141","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7107,"post_author":"1","post_date":"2022-09-12 21:36:27","post_date_gmt":"2022-09-12 11:36:27","post_content":"\n
Benjamin Cowen<\/a> is a well-regarded crypto analyst, using a historically accurate indicator he has found it likely that Bitcoin has hit its bottom or is very close to doing so.<\/p>\n\n\n\n
Cowen was recently featured<\/a> on Kitco News where he discussed his use of the metric. \"One of the interesting things about this chart is that historically, Bitcoin does not bottom until after they cross,\" he stated.<\/li><\/ul>\n\n\n\n
The indicator Cowen used is the Bitcoin Percentage Of Supply In Profit And Loss<\/a>. This indicates how many Bitcoins are at a profit or loss for their holders. Looking at the chart from a widened perspective Cowen shows how this metric has accompanied tops and bottoms over the long term.<\/li><\/ul>\n\n\n\n
Cowen added that they have recently just crossed each other and how the bottom typically occurs after they cross. \"When it comes up here, that\u2019s generally the time where you want to scale out when we\u2019re continuing to push those new all-time highs so to me this is an indicator that would suggest that if we did get another leg down there\u2019s a lot of evidence that could be the major bottom,\" he added.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bullish On Bitcoin, It\u2019s Trading At A Discount \u2013 Bloomberg Intelligence<\/a><\/p>\n\n\n\n
$\"Benjamin$
Benjamin Cowen Illustrating The Bitcoin Percentage Of Supply In Profit And Loss Metric Source: YouTube\/Kitco News<\/em><\/figcaption><\/figure>\n","post_title":"Bitcoins Bottom Is Likely In, Crypto Analyst Benjamin Cowen","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoins-bottom-is-likely-in-crypto-analyst-benjamin-cowen","to_ping":"","pinged":"","post_modified":"2023-04-11 00:07:43","post_modified_gmt":"2023-04-10 14:07:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7107","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7093,"post_author":"1","post_date":"2022-09-11 19:27:57","post_date_gmt":"2022-09-11 09:27:57","post_content":"\n
Mike McGlone is a senior strategist at Bloomberg Intelligence, has recently shared multiple on Twitter discussing various commodities and concerns related to the current state of markets worldwide.<\/p>\n\n\n\n
In one tweet McGlone outlined his September Crypto Outlook<\/a><\/em> where he believes that the world is leaning towards a recession in light of recent events including the tightening of interest rates by the Federal Reserve.<\/li><\/ul>\n\n\n\n
A key indicator that had encouraged the Fed's fight against inflation was the soar in energy prices. This pressured high-risk assets, namely cryptocurrencies, and once the dust settles from recent events crypto prices will start to \"bouy\" as \u201ccrude oil decline may fuel Bitcoin recovery.\u201d Reuters recently reported<\/a> that the Strategic Petroleum Reserve (SPR) fell to its lowest level in more than 35 years.<\/li><\/ul>\n\n\n\n
Price data from 2018-19 was compared to price data from today showing a similar benchmark where \"Bitcoin is at a discount within an elongated bull market.\"<\/li><\/ul>\n\n\n\n
$\""Too$
Bitcoin Price Data. Source: Bloomberg Intelligence<\/figcaption><\/figure>\n\n\n\n
In an interview<\/a> with Bell Media, McGlone believes that cryptocurrencies will continue to outperform traditional assets with declining volatility. He hints at being bullish on Bitcoin believing will put in a bottom at, or below $20,000 similar to 2018 and 2013 before going into an upward trajectory.<\/li><\/ul>\n\n\n\n
McGlone hinted at Ethereum becoming a large part of the financial system as the merge<\/a> approaches due to its ability to make tokenized assets<\/a> readily accessible to the public just like ETFs had done with traditional assets.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Will Return \u2013 Ruchir Sharma, The Chairman Of Rockefeller International<\/a><\/p>\n","post_title":"Bullish On Bitcoin, It's Trading At A Discount - Bloomberg Intelligence","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bullish-on-bitcoin-its-trading-at-a-discount-bloomberg-intelligence","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/ethereum-proof-of-stake-merge-set-for-mid-september\/\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/\nhttps:\/\/www.thedistributed.co\/bitcoin-will-return-ruchir-sharma-the-chairman-of-rockefeller-international\/","post_modified":"2023-04-11 00:07:57","post_modified_gmt":"2023-04-10 14:07:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7093","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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Binance Coin (BNB)

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November 24, 2024

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\n
Zcash is a blockchain that focused heavily on user privacy with the company behind Zcash already detailing<\/a> how the privacy coin would transition to PoS. This may not be as simple due to the heavy decentralization of the network, comparing it to its launch<\/a> which had 6 pseudonymous identities all with a portion of the network's private key.<\/li><\/ul>\n\n\n\n
On the other hand, Dogecoin is a cryptocurrency that has grown heavily in popularity over the past few years despite launching to mock cryptocurrencies. Dogecoin is now commonly accepted by vendors and its developers have expressed interest in a PoS chain.<\/li><\/ul>\n\n\n\n
ZCash is currently trading at $57.59 and is the 54th largest token<\/a> by market cap. Dogecoin is currently trading at $0.066 and is the 10th largest token by ma<\/a>r<\/a>ket cap<\/a>.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Hopeful That ZCash And Dogecoin Move To PoS - Vitalik Buterin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hopeful-that-zcash-and-dogecoin-move-to-pos-vitalik-buterin","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/proof-of-stake\/\nhttps:\/\/www.thedistributed.co\/whistleblower-edward-snowden-played-a-key-role-in-the-creation-of-zcash\/","post_modified":"2023-04-30 21:30:23","post_modified_gmt":"2023-04-30 11:30:23","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7348","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7259,"post_author":"1","post_date":"2022-09-21 21:11:23","post_date_gmt":"2022-09-21 11:11:23","post_content":"\n
Katherine Polk Failla, a New York judge, has ordered<\/a> Tether to reveal the financial documents that prove its backing of the stable<\/a>c<\/a>oin<\/a>.<\/p>\n\n\n\n
Tether is required to provide the United States District Court for the Southern District of New York with \u201cgeneral ledgers, balance sheets, income statements, cash-flow statements, and profit and loss statements.\" The lawsuit alleges that Tether had conspired to artificially inflate the price of Bitcoin through a USDT campaign.<\/li><\/ul>\n\n\n\n
Tether has avoided providing these documents as they are \"sensitive\", although Failla justified the plaintiffs require the documents \"to asses the backing of USDT with US dollars...The documents sought in the transactions RFPs appear to go to one of Plaintiffs\u2019 core allegations: that the B\/T Defendants engaged in cyptocommodities transactions using unbacked USDT, and that those transactions \u201cwere strategically timed to inflate the market.\u2019\u201d<\/li><\/ul>\n\n\n\n
Tether is also required to cough up accounts and details related to accounts held with Bitfiniex, Bittrex, and Poloniex as apart of a case<\/a> against iFinex started in 2019 - the company behind Bitfinex and Tether.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Tethers Peso-Backed Stablecoin MXNT Launches In Mexico<\/a><\/p>\n","post_title":"Tether Ordered To Reveal USDTs Exact Backings","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tether-ordered-to-reveal-usdts-exact-backings","to_ping":"","pinged":"","post_modified":"2023-04-10 18:53:49","post_modified_gmt":"2023-04-10 08:53:49","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7259","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7229,"post_author":"1","post_date":"2022-09-20 22:22:55","post_date_gmt":"2022-09-20 12:22:55","post_content":"\n
Raoul Pal, a former executive at Goldman Sachs and macro expert believes that Ethereum could lead markets in the next bull cycle.<\/p>\n\n\n\n
Pal recently hosted<\/a> an ask me anything (AMA). Amongst various different questions, Pal predicted that \u201cas adoption keeps building, a lot of adoption spills outside of ETH into the Solana, Avalanche, and a bunch of other protocols as well.\" He added that \"we\u2019re going to see ETH lead the charge, and then we\u2019ll see this tail of stuff starting to come as we start a new bull market and generally things work that way.\u201d<\/p>\n\n\n\n
Pal is keeping his eye on one Ethereum competitor though. \u201cI think a lot of these layer ones this time around will be like ETH in the last cycle. They\u2019ll end up becoming very large dominant chains. Which ones? I don\u2019t really know. My bet is really on Solana, but it could be any of these.\" He added that he is \"watching them and waiting to see,\" tracking SOL\/ETH using a DeMark indicator.<\/p>\n\n\n\n
Pal also recommends listening to a broad base of opinions when doing research for the upcoming markets. \"You weigh them [varying opinions] yourself, how important is that to me?... Having people's opposite opinions, differences, and nuances, is really important for the macro scenario...Once you start listening to a lot of people you can start formulating your own opinions.\" <\/p>\n\n\n\n
He believes that you should follow what makes the most sense from your view - this added responsibility will likely form a better and stronger choice for yourself.<\/p>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n\n\n\n
\nhttps:\/\/www.youtube.com\/watch?v=H5j8mHKHScU\n<\/div>
Raoul Pal - Ask Me Anything<\/figcaption><\/figure>\n","post_title":"ETH Will Lead Charge Next Cycle Predicts Raoul Pal","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"eth-will-lead-charge-next-cycle-predicts-raoul-pal","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-misconceptions-with-the-ethereum-merge\/","post_modified":"2023-04-10 18:54:37","post_modified_gmt":"2023-04-10 08:54:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7229","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7153,"post_author":"1","post_date":"2022-09-19 20:57:39","post_date_gmt":"2022-09-19 10:57:39","post_content":"\n
Ethereum has just completed its merge<\/a> to a proof-of-stake<\/a> consensus from proof-of-work, could the primary source of validation bring in more institutional investors?<\/p>\n\n\n\n
\"They're [instiutional investors] looking for yield,\" said<\/a> FalconX CEO Raghu Yarlagadda in a recent interview with CoinDesk, \"with the ETH merge, the possibility of generating a sustainable, stable yield is interesting\" he added. <\/li><\/ul>\n\n\n\n
PoS is a consensus mechanism where transactions are validated through users staking their coins, in return for staking users will receive a small fee for playing their part. Currently, on Ethereum, this may yield users around 10-15% annually which makes it an alternative to typical bonds. <\/li><\/ul>\n\n\n\n
The reduced energy consumption could also make for a more eco-friendly investment in institutional eyes. Environmental, Social, and Governance (ESG) is a metric popular amongst various institutions, so Ethereum reducing its energy consumption by 99.95% and reducing<\/a> the world's energy consumption by 0.02% is a big plus.<\/li><\/ul>\n\n\n\n
Ethereum will also be more scarce now the merge has happened with annual issuance dropping ~90% to 600,000 per year and burning<\/a> of Ethereum transaction fees, along with staking taking even more Ethereum out of circulation.<\/li><\/ul>\n\n\n\n
Although it may attract institutional investors, using it in an institutional scene may not be the most efficient thing to do as of yet. Currently, Ethereum has 15 transactions per second (TP\/S) compared to VISA with ~1,700 and Solana at 2,300. The merge promises to make Ethereum more accessible which could bring scaling solutions to light that improve its lacking metrics.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Ethereum May Attract Institutional Investors \"Looking For Yield\"","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-may-attract-institutional-investors-looking-for-yield","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2023-04-10 18:54:55","post_modified_gmt":"2023-04-10 08:54:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7153","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7141,"post_author":"1","post_date":"2022-09-14 22:57:51","post_date_gmt":"2022-09-14 12:57:51","post_content":"\n
Do Kwon, co-founder of Terraform Labs has been issued an arrest warrant by a South Korean court in the wake of Terra Luna's collapse<\/a> earlier this year.<\/p>\n\n\n\n
A report<\/a> from South Korean news outlet Chosun Ilbo details that there were an additional 5 arrest warrants laid out. This includes Nicholas Platias, a founding member of Terraform Labs, and Han Mo, an employee. The charges being faced are for violating the Capital Markets Act. As prosecutors believe that Terra Luna falls under an \u201cinvestment contract security\u201d.<\/li><\/ul>\n\n\n\n
Although the warrant was issued by a South Korean court, key members of Terraform Labs including Kwon and the 5 other individuals are currently located in Singapore. As a result, the warrant is valid for the next year. This comes after South Korean authorities banned<\/a> Terra Luna's main designers from leaving the country.<\/li><\/ul>\n\n\n\n
After LUNA and sister stablecoin<\/a> UST collapsed earlier this year, investors were bought to outrage with a combined US$42B wiped out from the two coins alongside a 99.99% drop in price. In turn, investors were quick to sue Kwon and others for violating various laws and acts as rumors<\/a> were quick to spread in relation to the downfall.<\/li><\/ul>\n\n\n\n
See Related:<\/strong><\/em> War On Code \u2013 Tornado Cash Developer Alexey Pertsev Arrested<\/a><\/p>\n","post_title":"Terra's Do Kwon Wanted For Arrest By Seoul Court","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"terras-do-kwon-wanted-for-arrest-by-seoul-court","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-30 21:31:32","post_modified_gmt":"2023-04-30 11:31:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7141","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7107,"post_author":"1","post_date":"2022-09-12 21:36:27","post_date_gmt":"2022-09-12 11:36:27","post_content":"\n
Benjamin Cowen<\/a> is a well-regarded crypto analyst, using a historically accurate indicator he has found it likely that Bitcoin has hit its bottom or is very close to doing so.<\/p>\n\n\n\n
Cowen was recently featured<\/a> on Kitco News where he discussed his use of the metric. \"One of the interesting things about this chart is that historically, Bitcoin does not bottom until after they cross,\" he stated.<\/li><\/ul>\n\n\n\n
The indicator Cowen used is the Bitcoin Percentage Of Supply In Profit And Loss<\/a>. This indicates how many Bitcoins are at a profit or loss for their holders. Looking at the chart from a widened perspective Cowen shows how this metric has accompanied tops and bottoms over the long term.<\/li><\/ul>\n\n\n\n
Cowen added that they have recently just crossed each other and how the bottom typically occurs after they cross. \"When it comes up here, that\u2019s generally the time where you want to scale out when we\u2019re continuing to push those new all-time highs so to me this is an indicator that would suggest that if we did get another leg down there\u2019s a lot of evidence that could be the major bottom,\" he added.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bullish On Bitcoin, It\u2019s Trading At A Discount \u2013 Bloomberg Intelligence<\/a><\/p>\n\n\n\n
$\"Benjamin$
Benjamin Cowen Illustrating The Bitcoin Percentage Of Supply In Profit And Loss Metric Source: YouTube\/Kitco News<\/em><\/figcaption><\/figure>\n","post_title":"Bitcoins Bottom Is Likely In, Crypto Analyst Benjamin Cowen","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoins-bottom-is-likely-in-crypto-analyst-benjamin-cowen","to_ping":"","pinged":"","post_modified":"2023-04-11 00:07:43","post_modified_gmt":"2023-04-10 14:07:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7107","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7093,"post_author":"1","post_date":"2022-09-11 19:27:57","post_date_gmt":"2022-09-11 09:27:57","post_content":"\n
Mike McGlone is a senior strategist at Bloomberg Intelligence, has recently shared multiple on Twitter discussing various commodities and concerns related to the current state of markets worldwide.<\/p>\n\n\n\n
In one tweet McGlone outlined his September Crypto Outlook<\/a><\/em> where he believes that the world is leaning towards a recession in light of recent events including the tightening of interest rates by the Federal Reserve.<\/li><\/ul>\n\n\n\n
A key indicator that had encouraged the Fed's fight against inflation was the soar in energy prices. This pressured high-risk assets, namely cryptocurrencies, and once the dust settles from recent events crypto prices will start to \"bouy\" as \u201ccrude oil decline may fuel Bitcoin recovery.\u201d Reuters recently reported<\/a> that the Strategic Petroleum Reserve (SPR) fell to its lowest level in more than 35 years.<\/li><\/ul>\n\n\n\n
Price data from 2018-19 was compared to price data from today showing a similar benchmark where \"Bitcoin is at a discount within an elongated bull market.\"<\/li><\/ul>\n\n\n\n
$\""Too$
Bitcoin Price Data. Source: Bloomberg Intelligence<\/figcaption><\/figure>\n\n\n\n
In an interview<\/a> with Bell Media, McGlone believes that cryptocurrencies will continue to outperform traditional assets with declining volatility. He hints at being bullish on Bitcoin believing will put in a bottom at, or below $20,000 similar to 2018 and 2013 before going into an upward trajectory.<\/li><\/ul>\n\n\n\n
McGlone hinted at Ethereum becoming a large part of the financial system as the merge<\/a> approaches due to its ability to make tokenized assets<\/a> readily accessible to the public just like ETFs had done with traditional assets.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Will Return \u2013 Ruchir Sharma, The Chairman Of Rockefeller International<\/a><\/p>\n","post_title":"Bullish On Bitcoin, It's Trading At A Discount - Bloomberg Intelligence","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bullish-on-bitcoin-its-trading-at-a-discount-bloomberg-intelligence","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/ethereum-proof-of-stake-merge-set-for-mid-september\/\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/\nhttps:\/\/www.thedistributed.co\/bitcoin-will-return-ruchir-sharma-the-chairman-of-rockefeller-international\/","post_modified":"2023-04-11 00:07:57","post_modified_gmt":"2023-04-10 14:07:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7093","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 15 16 17 18 19 … 41 Next

Most Read

The Coins

Binance Coin (BNB)

December 8, 2022 - Updated on January 15, 2023

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

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Follow The Distributed

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\n
At the recent Mainnet event, Ethereum co-founder Vitalik Buterin<\/a> was questioned<\/a> about PoS<\/a> as a consensus model. \"Should all networks move to PoS?\" Ryan Selkis<\/a> asked, Buterin replied that \"As PoS matures I would expect it to increase in legitimacy over time. I hope Zcash moves over and I am hopeful Dogecoin moves to PoS soon.\"<\/li><\/ul>\n\n\n\n
Zcash is a blockchain that focused heavily on user privacy with the company behind Zcash already detailing<\/a> how the privacy coin would transition to PoS. This may not be as simple due to the heavy decentralization of the network, comparing it to its launch<\/a> which had 6 pseudonymous identities all with a portion of the network's private key.<\/li><\/ul>\n\n\n\n
On the other hand, Dogecoin is a cryptocurrency that has grown heavily in popularity over the past few years despite launching to mock cryptocurrencies. Dogecoin is now commonly accepted by vendors and its developers have expressed interest in a PoS chain.<\/li><\/ul>\n\n\n\n
ZCash is currently trading at $57.59 and is the 54th largest token<\/a> by market cap. Dogecoin is currently trading at $0.066 and is the 10th largest token by ma<\/a>r<\/a>ket cap<\/a>.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Hopeful That ZCash And Dogecoin Move To PoS - Vitalik Buterin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hopeful-that-zcash-and-dogecoin-move-to-pos-vitalik-buterin","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/proof-of-stake\/\nhttps:\/\/www.thedistributed.co\/whistleblower-edward-snowden-played-a-key-role-in-the-creation-of-zcash\/","post_modified":"2023-04-30 21:30:23","post_modified_gmt":"2023-04-30 11:30:23","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7348","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7259,"post_author":"1","post_date":"2022-09-21 21:11:23","post_date_gmt":"2022-09-21 11:11:23","post_content":"\n
Katherine Polk Failla, a New York judge, has ordered<\/a> Tether to reveal the financial documents that prove its backing of the stable<\/a>c<\/a>oin<\/a>.<\/p>\n\n\n\n
Tether is required to provide the United States District Court for the Southern District of New York with \u201cgeneral ledgers, balance sheets, income statements, cash-flow statements, and profit and loss statements.\" The lawsuit alleges that Tether had conspired to artificially inflate the price of Bitcoin through a USDT campaign.<\/li><\/ul>\n\n\n\n
Tether has avoided providing these documents as they are \"sensitive\", although Failla justified the plaintiffs require the documents \"to asses the backing of USDT with US dollars...The documents sought in the transactions RFPs appear to go to one of Plaintiffs\u2019 core allegations: that the B\/T Defendants engaged in cyptocommodities transactions using unbacked USDT, and that those transactions \u201cwere strategically timed to inflate the market.\u2019\u201d<\/li><\/ul>\n\n\n\n
Tether is also required to cough up accounts and details related to accounts held with Bitfiniex, Bittrex, and Poloniex as apart of a case<\/a> against iFinex started in 2019 - the company behind Bitfinex and Tether.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Tethers Peso-Backed Stablecoin MXNT Launches In Mexico<\/a><\/p>\n","post_title":"Tether Ordered To Reveal USDTs Exact Backings","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tether-ordered-to-reveal-usdts-exact-backings","to_ping":"","pinged":"","post_modified":"2023-04-10 18:53:49","post_modified_gmt":"2023-04-10 08:53:49","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7259","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7229,"post_author":"1","post_date":"2022-09-20 22:22:55","post_date_gmt":"2022-09-20 12:22:55","post_content":"\n
Raoul Pal, a former executive at Goldman Sachs and macro expert believes that Ethereum could lead markets in the next bull cycle.<\/p>\n\n\n\n
Pal recently hosted<\/a> an ask me anything (AMA). Amongst various different questions, Pal predicted that \u201cas adoption keeps building, a lot of adoption spills outside of ETH into the Solana, Avalanche, and a bunch of other protocols as well.\" He added that \"we\u2019re going to see ETH lead the charge, and then we\u2019ll see this tail of stuff starting to come as we start a new bull market and generally things work that way.\u201d<\/p>\n\n\n\n
Pal is keeping his eye on one Ethereum competitor though. \u201cI think a lot of these layer ones this time around will be like ETH in the last cycle. They\u2019ll end up becoming very large dominant chains. Which ones? I don\u2019t really know. My bet is really on Solana, but it could be any of these.\" He added that he is \"watching them and waiting to see,\" tracking SOL\/ETH using a DeMark indicator.<\/p>\n\n\n\n
Pal also recommends listening to a broad base of opinions when doing research for the upcoming markets. \"You weigh them [varying opinions] yourself, how important is that to me?... Having people's opposite opinions, differences, and nuances, is really important for the macro scenario...Once you start listening to a lot of people you can start formulating your own opinions.\" <\/p>\n\n\n\n
He believes that you should follow what makes the most sense from your view - this added responsibility will likely form a better and stronger choice for yourself.<\/p>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n\n\n\n
\nhttps:\/\/www.youtube.com\/watch?v=H5j8mHKHScU\n<\/div>
Raoul Pal - Ask Me Anything<\/figcaption><\/figure>\n","post_title":"ETH Will Lead Charge Next Cycle Predicts Raoul Pal","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"eth-will-lead-charge-next-cycle-predicts-raoul-pal","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-misconceptions-with-the-ethereum-merge\/","post_modified":"2023-04-10 18:54:37","post_modified_gmt":"2023-04-10 08:54:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7229","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7153,"post_author":"1","post_date":"2022-09-19 20:57:39","post_date_gmt":"2022-09-19 10:57:39","post_content":"\n
Ethereum has just completed its merge<\/a> to a proof-of-stake<\/a> consensus from proof-of-work, could the primary source of validation bring in more institutional investors?<\/p>\n\n\n\n
\"They're [instiutional investors] looking for yield,\" said<\/a> FalconX CEO Raghu Yarlagadda in a recent interview with CoinDesk, \"with the ETH merge, the possibility of generating a sustainable, stable yield is interesting\" he added. <\/li><\/ul>\n\n\n\n
PoS is a consensus mechanism where transactions are validated through users staking their coins, in return for staking users will receive a small fee for playing their part. Currently, on Ethereum, this may yield users around 10-15% annually which makes it an alternative to typical bonds. <\/li><\/ul>\n\n\n\n
The reduced energy consumption could also make for a more eco-friendly investment in institutional eyes. Environmental, Social, and Governance (ESG) is a metric popular amongst various institutions, so Ethereum reducing its energy consumption by 99.95% and reducing<\/a> the world's energy consumption by 0.02% is a big plus.<\/li><\/ul>\n\n\n\n
Ethereum will also be more scarce now the merge has happened with annual issuance dropping ~90% to 600,000 per year and burning<\/a> of Ethereum transaction fees, along with staking taking even more Ethereum out of circulation.<\/li><\/ul>\n\n\n\n
Although it may attract institutional investors, using it in an institutional scene may not be the most efficient thing to do as of yet. Currently, Ethereum has 15 transactions per second (TP\/S) compared to VISA with ~1,700 and Solana at 2,300. The merge promises to make Ethereum more accessible which could bring scaling solutions to light that improve its lacking metrics.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Ethereum May Attract Institutional Investors \"Looking For Yield\"","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-may-attract-institutional-investors-looking-for-yield","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2023-04-10 18:54:55","post_modified_gmt":"2023-04-10 08:54:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7153","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7141,"post_author":"1","post_date":"2022-09-14 22:57:51","post_date_gmt":"2022-09-14 12:57:51","post_content":"\n
Do Kwon, co-founder of Terraform Labs has been issued an arrest warrant by a South Korean court in the wake of Terra Luna's collapse<\/a> earlier this year.<\/p>\n\n\n\n
A report<\/a> from South Korean news outlet Chosun Ilbo details that there were an additional 5 arrest warrants laid out. This includes Nicholas Platias, a founding member of Terraform Labs, and Han Mo, an employee. The charges being faced are for violating the Capital Markets Act. As prosecutors believe that Terra Luna falls under an \u201cinvestment contract security\u201d.<\/li><\/ul>\n\n\n\n
Although the warrant was issued by a South Korean court, key members of Terraform Labs including Kwon and the 5 other individuals are currently located in Singapore. As a result, the warrant is valid for the next year. This comes after South Korean authorities banned<\/a> Terra Luna's main designers from leaving the country.<\/li><\/ul>\n\n\n\n
After LUNA and sister stablecoin<\/a> UST collapsed earlier this year, investors were bought to outrage with a combined US$42B wiped out from the two coins alongside a 99.99% drop in price. In turn, investors were quick to sue Kwon and others for violating various laws and acts as rumors<\/a> were quick to spread in relation to the downfall.<\/li><\/ul>\n\n\n\n
See Related:<\/strong><\/em> War On Code \u2013 Tornado Cash Developer Alexey Pertsev Arrested<\/a><\/p>\n","post_title":"Terra's Do Kwon Wanted For Arrest By Seoul Court","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"terras-do-kwon-wanted-for-arrest-by-seoul-court","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-30 21:31:32","post_modified_gmt":"2023-04-30 11:31:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7141","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7107,"post_author":"1","post_date":"2022-09-12 21:36:27","post_date_gmt":"2022-09-12 11:36:27","post_content":"\n
Benjamin Cowen<\/a> is a well-regarded crypto analyst, using a historically accurate indicator he has found it likely that Bitcoin has hit its bottom or is very close to doing so.<\/p>\n\n\n\n
Cowen was recently featured<\/a> on Kitco News where he discussed his use of the metric. \"One of the interesting things about this chart is that historically, Bitcoin does not bottom until after they cross,\" he stated.<\/li><\/ul>\n\n\n\n
The indicator Cowen used is the Bitcoin Percentage Of Supply In Profit And Loss<\/a>. This indicates how many Bitcoins are at a profit or loss for their holders. Looking at the chart from a widened perspective Cowen shows how this metric has accompanied tops and bottoms over the long term.<\/li><\/ul>\n\n\n\n
Cowen added that they have recently just crossed each other and how the bottom typically occurs after they cross. \"When it comes up here, that\u2019s generally the time where you want to scale out when we\u2019re continuing to push those new all-time highs so to me this is an indicator that would suggest that if we did get another leg down there\u2019s a lot of evidence that could be the major bottom,\" he added.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bullish On Bitcoin, It\u2019s Trading At A Discount \u2013 Bloomberg Intelligence<\/a><\/p>\n\n\n\n
$\"Benjamin$
Benjamin Cowen Illustrating The Bitcoin Percentage Of Supply In Profit And Loss Metric Source: YouTube\/Kitco News<\/em><\/figcaption><\/figure>\n","post_title":"Bitcoins Bottom Is Likely In, Crypto Analyst Benjamin Cowen","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoins-bottom-is-likely-in-crypto-analyst-benjamin-cowen","to_ping":"","pinged":"","post_modified":"2023-04-11 00:07:43","post_modified_gmt":"2023-04-10 14:07:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7107","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7093,"post_author":"1","post_date":"2022-09-11 19:27:57","post_date_gmt":"2022-09-11 09:27:57","post_content":"\n
Mike McGlone is a senior strategist at Bloomberg Intelligence, has recently shared multiple on Twitter discussing various commodities and concerns related to the current state of markets worldwide.<\/p>\n\n\n\n
In one tweet McGlone outlined his September Crypto Outlook<\/a><\/em> where he believes that the world is leaning towards a recession in light of recent events including the tightening of interest rates by the Federal Reserve.<\/li><\/ul>\n\n\n\n
A key indicator that had encouraged the Fed's fight against inflation was the soar in energy prices. This pressured high-risk assets, namely cryptocurrencies, and once the dust settles from recent events crypto prices will start to \"bouy\" as \u201ccrude oil decline may fuel Bitcoin recovery.\u201d Reuters recently reported<\/a> that the Strategic Petroleum Reserve (SPR) fell to its lowest level in more than 35 years.<\/li><\/ul>\n\n\n\n
Price data from 2018-19 was compared to price data from today showing a similar benchmark where \"Bitcoin is at a discount within an elongated bull market.\"<\/li><\/ul>\n\n\n\n
$\""Too$
Bitcoin Price Data. Source: Bloomberg Intelligence<\/figcaption><\/figure>\n\n\n\n
In an interview<\/a> with Bell Media, McGlone believes that cryptocurrencies will continue to outperform traditional assets with declining volatility. He hints at being bullish on Bitcoin believing will put in a bottom at, or below $20,000 similar to 2018 and 2013 before going into an upward trajectory.<\/li><\/ul>\n\n\n\n
McGlone hinted at Ethereum becoming a large part of the financial system as the merge<\/a> approaches due to its ability to make tokenized assets<\/a> readily accessible to the public just like ETFs had done with traditional assets.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Will Return \u2013 Ruchir Sharma, The Chairman Of Rockefeller International<\/a><\/p>\n","post_title":"Bullish On Bitcoin, It's Trading At A Discount - Bloomberg Intelligence","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bullish-on-bitcoin-its-trading-at-a-discount-bloomberg-intelligence","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/ethereum-proof-of-stake-merge-set-for-mid-september\/\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/\nhttps:\/\/www.thedistributed.co\/bitcoin-will-return-ruchir-sharma-the-chairman-of-rockefeller-international\/","post_modified":"2023-04-11 00:07:57","post_modified_gmt":"2023-04-10 14:07:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7093","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
Ethereum recently merged its proof-of-work (PoW) blockchain with its proof-of-stake (PoS) blockchain which reduced its energy consumption by 99.95% and made the network more scalable for future projects.<\/p>\n\n\n\n
At the recent Mainnet event, Ethereum co-founder Vitalik Buterin<\/a> was questioned<\/a> about PoS<\/a> as a consensus model. \"Should all networks move to PoS?\" Ryan Selkis<\/a> asked, Buterin replied that \"As PoS matures I would expect it to increase in legitimacy over time. I hope Zcash moves over and I am hopeful Dogecoin moves to PoS soon.\"<\/li><\/ul>\n\n\n\n
Zcash is a blockchain that focused heavily on user privacy with the company behind Zcash already detailing<\/a> how the privacy coin would transition to PoS. This may not be as simple due to the heavy decentralization of the network, comparing it to its launch<\/a> which had 6 pseudonymous identities all with a portion of the network's private key.<\/li><\/ul>\n\n\n\n
On the other hand, Dogecoin is a cryptocurrency that has grown heavily in popularity over the past few years despite launching to mock cryptocurrencies. Dogecoin is now commonly accepted by vendors and its developers have expressed interest in a PoS chain.<\/li><\/ul>\n\n\n\n
ZCash is currently trading at $57.59 and is the 54th largest token<\/a> by market cap. Dogecoin is currently trading at $0.066 and is the 10th largest token by ma<\/a>r<\/a>ket cap<\/a>.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Hopeful That ZCash And Dogecoin Move To PoS - Vitalik Buterin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hopeful-that-zcash-and-dogecoin-move-to-pos-vitalik-buterin","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/proof-of-stake\/\nhttps:\/\/www.thedistributed.co\/whistleblower-edward-snowden-played-a-key-role-in-the-creation-of-zcash\/","post_modified":"2023-04-30 21:30:23","post_modified_gmt":"2023-04-30 11:30:23","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7348","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7259,"post_author":"1","post_date":"2022-09-21 21:11:23","post_date_gmt":"2022-09-21 11:11:23","post_content":"\n
Katherine Polk Failla, a New York judge, has ordered<\/a> Tether to reveal the financial documents that prove its backing of the stable<\/a>c<\/a>oin<\/a>.<\/p>\n\n\n\n
Tether is required to provide the United States District Court for the Southern District of New York with \u201cgeneral ledgers, balance sheets, income statements, cash-flow statements, and profit and loss statements.\" The lawsuit alleges that Tether had conspired to artificially inflate the price of Bitcoin through a USDT campaign.<\/li><\/ul>\n\n\n\n
Tether has avoided providing these documents as they are \"sensitive\", although Failla justified the plaintiffs require the documents \"to asses the backing of USDT with US dollars...The documents sought in the transactions RFPs appear to go to one of Plaintiffs\u2019 core allegations: that the B\/T Defendants engaged in cyptocommodities transactions using unbacked USDT, and that those transactions \u201cwere strategically timed to inflate the market.\u2019\u201d<\/li><\/ul>\n\n\n\n
Tether is also required to cough up accounts and details related to accounts held with Bitfiniex, Bittrex, and Poloniex as apart of a case<\/a> against iFinex started in 2019 - the company behind Bitfinex and Tether.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Tethers Peso-Backed Stablecoin MXNT Launches In Mexico<\/a><\/p>\n","post_title":"Tether Ordered To Reveal USDTs Exact Backings","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tether-ordered-to-reveal-usdts-exact-backings","to_ping":"","pinged":"","post_modified":"2023-04-10 18:53:49","post_modified_gmt":"2023-04-10 08:53:49","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7259","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7229,"post_author":"1","post_date":"2022-09-20 22:22:55","post_date_gmt":"2022-09-20 12:22:55","post_content":"\n
Raoul Pal, a former executive at Goldman Sachs and macro expert believes that Ethereum could lead markets in the next bull cycle.<\/p>\n\n\n\n
Pal recently hosted<\/a> an ask me anything (AMA). Amongst various different questions, Pal predicted that \u201cas adoption keeps building, a lot of adoption spills outside of ETH into the Solana, Avalanche, and a bunch of other protocols as well.\" He added that \"we\u2019re going to see ETH lead the charge, and then we\u2019ll see this tail of stuff starting to come as we start a new bull market and generally things work that way.\u201d<\/p>\n\n\n\n
Pal is keeping his eye on one Ethereum competitor though. \u201cI think a lot of these layer ones this time around will be like ETH in the last cycle. They\u2019ll end up becoming very large dominant chains. Which ones? I don\u2019t really know. My bet is really on Solana, but it could be any of these.\" He added that he is \"watching them and waiting to see,\" tracking SOL\/ETH using a DeMark indicator.<\/p>\n\n\n\n
Pal also recommends listening to a broad base of opinions when doing research for the upcoming markets. \"You weigh them [varying opinions] yourself, how important is that to me?... Having people's opposite opinions, differences, and nuances, is really important for the macro scenario...Once you start listening to a lot of people you can start formulating your own opinions.\" <\/p>\n\n\n\n
He believes that you should follow what makes the most sense from your view - this added responsibility will likely form a better and stronger choice for yourself.<\/p>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n\n\n\n
\nhttps:\/\/www.youtube.com\/watch?v=H5j8mHKHScU\n<\/div>
Raoul Pal - Ask Me Anything<\/figcaption><\/figure>\n","post_title":"ETH Will Lead Charge Next Cycle Predicts Raoul Pal","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"eth-will-lead-charge-next-cycle-predicts-raoul-pal","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-misconceptions-with-the-ethereum-merge\/","post_modified":"2023-04-10 18:54:37","post_modified_gmt":"2023-04-10 08:54:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7229","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7153,"post_author":"1","post_date":"2022-09-19 20:57:39","post_date_gmt":"2022-09-19 10:57:39","post_content":"\n
Ethereum has just completed its merge<\/a> to a proof-of-stake<\/a> consensus from proof-of-work, could the primary source of validation bring in more institutional investors?<\/p>\n\n\n\n
\"They're [instiutional investors] looking for yield,\" said<\/a> FalconX CEO Raghu Yarlagadda in a recent interview with CoinDesk, \"with the ETH merge, the possibility of generating a sustainable, stable yield is interesting\" he added. <\/li><\/ul>\n\n\n\n
PoS is a consensus mechanism where transactions are validated through users staking their coins, in return for staking users will receive a small fee for playing their part. Currently, on Ethereum, this may yield users around 10-15% annually which makes it an alternative to typical bonds. <\/li><\/ul>\n\n\n\n
The reduced energy consumption could also make for a more eco-friendly investment in institutional eyes. Environmental, Social, and Governance (ESG) is a metric popular amongst various institutions, so Ethereum reducing its energy consumption by 99.95% and reducing<\/a> the world's energy consumption by 0.02% is a big plus.<\/li><\/ul>\n\n\n\n
Ethereum will also be more scarce now the merge has happened with annual issuance dropping ~90% to 600,000 per year and burning<\/a> of Ethereum transaction fees, along with staking taking even more Ethereum out of circulation.<\/li><\/ul>\n\n\n\n
Although it may attract institutional investors, using it in an institutional scene may not be the most efficient thing to do as of yet. Currently, Ethereum has 15 transactions per second (TP\/S) compared to VISA with ~1,700 and Solana at 2,300. The merge promises to make Ethereum more accessible which could bring scaling solutions to light that improve its lacking metrics.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Ethereum May Attract Institutional Investors \"Looking For Yield\"","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-may-attract-institutional-investors-looking-for-yield","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2023-04-10 18:54:55","post_modified_gmt":"2023-04-10 08:54:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7153","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7141,"post_author":"1","post_date":"2022-09-14 22:57:51","post_date_gmt":"2022-09-14 12:57:51","post_content":"\n
Do Kwon, co-founder of Terraform Labs has been issued an arrest warrant by a South Korean court in the wake of Terra Luna's collapse<\/a> earlier this year.<\/p>\n\n\n\n
A report<\/a> from South Korean news outlet Chosun Ilbo details that there were an additional 5 arrest warrants laid out. This includes Nicholas Platias, a founding member of Terraform Labs, and Han Mo, an employee. The charges being faced are for violating the Capital Markets Act. As prosecutors believe that Terra Luna falls under an \u201cinvestment contract security\u201d.<\/li><\/ul>\n\n\n\n
Although the warrant was issued by a South Korean court, key members of Terraform Labs including Kwon and the 5 other individuals are currently located in Singapore. As a result, the warrant is valid for the next year. This comes after South Korean authorities banned<\/a> Terra Luna's main designers from leaving the country.<\/li><\/ul>\n\n\n\n
After LUNA and sister stablecoin<\/a> UST collapsed earlier this year, investors were bought to outrage with a combined US$42B wiped out from the two coins alongside a 99.99% drop in price. In turn, investors were quick to sue Kwon and others for violating various laws and acts as rumors<\/a> were quick to spread in relation to the downfall.<\/li><\/ul>\n\n\n\n
See Related:<\/strong><\/em> War On Code \u2013 Tornado Cash Developer Alexey Pertsev Arrested<\/a><\/p>\n","post_title":"Terra's Do Kwon Wanted For Arrest By Seoul Court","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"terras-do-kwon-wanted-for-arrest-by-seoul-court","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-30 21:31:32","post_modified_gmt":"2023-04-30 11:31:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7141","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7107,"post_author":"1","post_date":"2022-09-12 21:36:27","post_date_gmt":"2022-09-12 11:36:27","post_content":"\n
Benjamin Cowen<\/a> is a well-regarded crypto analyst, using a historically accurate indicator he has found it likely that Bitcoin has hit its bottom or is very close to doing so.<\/p>\n\n\n\n
Cowen was recently featured<\/a> on Kitco News where he discussed his use of the metric. \"One of the interesting things about this chart is that historically, Bitcoin does not bottom until after they cross,\" he stated.<\/li><\/ul>\n\n\n\n
The indicator Cowen used is the Bitcoin Percentage Of Supply In Profit And Loss<\/a>. This indicates how many Bitcoins are at a profit or loss for their holders. Looking at the chart from a widened perspective Cowen shows how this metric has accompanied tops and bottoms over the long term.<\/li><\/ul>\n\n\n\n
Cowen added that they have recently just crossed each other and how the bottom typically occurs after they cross. \"When it comes up here, that\u2019s generally the time where you want to scale out when we\u2019re continuing to push those new all-time highs so to me this is an indicator that would suggest that if we did get another leg down there\u2019s a lot of evidence that could be the major bottom,\" he added.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bullish On Bitcoin, It\u2019s Trading At A Discount \u2013 Bloomberg Intelligence<\/a><\/p>\n\n\n\n
$\"Benjamin$
Benjamin Cowen Illustrating The Bitcoin Percentage Of Supply In Profit And Loss Metric Source: YouTube\/Kitco News<\/em><\/figcaption><\/figure>\n","post_title":"Bitcoins Bottom Is Likely In, Crypto Analyst Benjamin Cowen","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoins-bottom-is-likely-in-crypto-analyst-benjamin-cowen","to_ping":"","pinged":"","post_modified":"2023-04-11 00:07:43","post_modified_gmt":"2023-04-10 14:07:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7107","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7093,"post_author":"1","post_date":"2022-09-11 19:27:57","post_date_gmt":"2022-09-11 09:27:57","post_content":"\n
Mike McGlone is a senior strategist at Bloomberg Intelligence, has recently shared multiple on Twitter discussing various commodities and concerns related to the current state of markets worldwide.<\/p>\n\n\n\n
In one tweet McGlone outlined his September Crypto Outlook<\/a><\/em> where he believes that the world is leaning towards a recession in light of recent events including the tightening of interest rates by the Federal Reserve.<\/li><\/ul>\n\n\n\n
A key indicator that had encouraged the Fed's fight against inflation was the soar in energy prices. This pressured high-risk assets, namely cryptocurrencies, and once the dust settles from recent events crypto prices will start to \"bouy\" as \u201ccrude oil decline may fuel Bitcoin recovery.\u201d Reuters recently reported<\/a> that the Strategic Petroleum Reserve (SPR) fell to its lowest level in more than 35 years.<\/li><\/ul>\n\n\n\n
Price data from 2018-19 was compared to price data from today showing a similar benchmark where \"Bitcoin is at a discount within an elongated bull market.\"<\/li><\/ul>\n\n\n\n
$\""Too$
Bitcoin Price Data. Source: Bloomberg Intelligence<\/figcaption><\/figure>\n\n\n\n
In an interview<\/a> with Bell Media, McGlone believes that cryptocurrencies will continue to outperform traditional assets with declining volatility. He hints at being bullish on Bitcoin believing will put in a bottom at, or below $20,000 similar to 2018 and 2013 before going into an upward trajectory.<\/li><\/ul>\n\n\n\n
McGlone hinted at Ethereum becoming a large part of the financial system as the merge<\/a> approaches due to its ability to make tokenized assets<\/a> readily accessible to the public just like ETFs had done with traditional assets.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Will Return \u2013 Ruchir Sharma, The Chairman Of Rockefeller International<\/a><\/p>\n","post_title":"Bullish On Bitcoin, It's Trading At A Discount - Bloomberg Intelligence","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bullish-on-bitcoin-its-trading-at-a-discount-bloomberg-intelligence","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/ethereum-proof-of-stake-merge-set-for-mid-september\/\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/\nhttps:\/\/www.thedistributed.co\/bitcoin-will-return-ruchir-sharma-the-chairman-of-rockefeller-international\/","post_modified":"2023-04-11 00:07:57","post_modified_gmt":"2023-04-10 14:07:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7093","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 15 16 17 18 19 … 41 Next

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The Coins

Binance Coin (BNB)

December 8, 2022 - Updated on January 15, 2023

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

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Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

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November 24, 2024

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\n
\nhttps:\/\/www.youtube.com\/watch?v=R-RHmKx9xTY\n<\/div><\/figure>\n","post_title":"Crypto Is Not Going Away, Billionaire David Rubenstein","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"crypto-is-not-going-away-billionaire-david-rubenstein","to_ping":"","pinged":"","post_modified":"2022-10-03 16:02:18","post_modified_gmt":"2022-10-03 05:02:18","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7480","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7348,"post_author":"1","post_date":"2022-09-25 00:12:26","post_date_gmt":"2022-09-24 14:12:26","post_content":"\n
Ethereum recently merged its proof-of-work (PoW) blockchain with its proof-of-stake (PoS) blockchain which reduced its energy consumption by 99.95% and made the network more scalable for future projects.<\/p>\n\n\n\n
At the recent Mainnet event, Ethereum co-founder Vitalik Buterin<\/a> was questioned<\/a> about PoS<\/a> as a consensus model. \"Should all networks move to PoS?\" Ryan Selkis<\/a> asked, Buterin replied that \"As PoS matures I would expect it to increase in legitimacy over time. I hope Zcash moves over and I am hopeful Dogecoin moves to PoS soon.\"<\/li><\/ul>\n\n\n\n
Zcash is a blockchain that focused heavily on user privacy with the company behind Zcash already detailing<\/a> how the privacy coin would transition to PoS. This may not be as simple due to the heavy decentralization of the network, comparing it to its launch<\/a> which had 6 pseudonymous identities all with a portion of the network's private key.<\/li><\/ul>\n\n\n\n
On the other hand, Dogecoin is a cryptocurrency that has grown heavily in popularity over the past few years despite launching to mock cryptocurrencies. Dogecoin is now commonly accepted by vendors and its developers have expressed interest in a PoS chain.<\/li><\/ul>\n\n\n\n
ZCash is currently trading at $57.59 and is the 54th largest token<\/a> by market cap. Dogecoin is currently trading at $0.066 and is the 10th largest token by ma<\/a>r<\/a>ket cap<\/a>.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Hopeful That ZCash And Dogecoin Move To PoS - Vitalik Buterin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hopeful-that-zcash-and-dogecoin-move-to-pos-vitalik-buterin","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/proof-of-stake\/\nhttps:\/\/www.thedistributed.co\/whistleblower-edward-snowden-played-a-key-role-in-the-creation-of-zcash\/","post_modified":"2023-04-30 21:30:23","post_modified_gmt":"2023-04-30 11:30:23","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7348","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7259,"post_author":"1","post_date":"2022-09-21 21:11:23","post_date_gmt":"2022-09-21 11:11:23","post_content":"\n
Katherine Polk Failla, a New York judge, has ordered<\/a> Tether to reveal the financial documents that prove its backing of the stable<\/a>c<\/a>oin<\/a>.<\/p>\n\n\n\n
Tether is required to provide the United States District Court for the Southern District of New York with \u201cgeneral ledgers, balance sheets, income statements, cash-flow statements, and profit and loss statements.\" The lawsuit alleges that Tether had conspired to artificially inflate the price of Bitcoin through a USDT campaign.<\/li><\/ul>\n\n\n\n
Tether has avoided providing these documents as they are \"sensitive\", although Failla justified the plaintiffs require the documents \"to asses the backing of USDT with US dollars...The documents sought in the transactions RFPs appear to go to one of Plaintiffs\u2019 core allegations: that the B\/T Defendants engaged in cyptocommodities transactions using unbacked USDT, and that those transactions \u201cwere strategically timed to inflate the market.\u2019\u201d<\/li><\/ul>\n\n\n\n
Tether is also required to cough up accounts and details related to accounts held with Bitfiniex, Bittrex, and Poloniex as apart of a case<\/a> against iFinex started in 2019 - the company behind Bitfinex and Tether.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Tethers Peso-Backed Stablecoin MXNT Launches In Mexico<\/a><\/p>\n","post_title":"Tether Ordered To Reveal USDTs Exact Backings","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tether-ordered-to-reveal-usdts-exact-backings","to_ping":"","pinged":"","post_modified":"2023-04-10 18:53:49","post_modified_gmt":"2023-04-10 08:53:49","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7259","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7229,"post_author":"1","post_date":"2022-09-20 22:22:55","post_date_gmt":"2022-09-20 12:22:55","post_content":"\n
Raoul Pal, a former executive at Goldman Sachs and macro expert believes that Ethereum could lead markets in the next bull cycle.<\/p>\n\n\n\n
Pal recently hosted<\/a> an ask me anything (AMA). Amongst various different questions, Pal predicted that \u201cas adoption keeps building, a lot of adoption spills outside of ETH into the Solana, Avalanche, and a bunch of other protocols as well.\" He added that \"we\u2019re going to see ETH lead the charge, and then we\u2019ll see this tail of stuff starting to come as we start a new bull market and generally things work that way.\u201d<\/p>\n\n\n\n
Pal is keeping his eye on one Ethereum competitor though. \u201cI think a lot of these layer ones this time around will be like ETH in the last cycle. They\u2019ll end up becoming very large dominant chains. Which ones? I don\u2019t really know. My bet is really on Solana, but it could be any of these.\" He added that he is \"watching them and waiting to see,\" tracking SOL\/ETH using a DeMark indicator.<\/p>\n\n\n\n
Pal also recommends listening to a broad base of opinions when doing research for the upcoming markets. \"You weigh them [varying opinions] yourself, how important is that to me?... Having people's opposite opinions, differences, and nuances, is really important for the macro scenario...Once you start listening to a lot of people you can start formulating your own opinions.\" <\/p>\n\n\n\n
He believes that you should follow what makes the most sense from your view - this added responsibility will likely form a better and stronger choice for yourself.<\/p>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n\n\n\n
\nhttps:\/\/www.youtube.com\/watch?v=H5j8mHKHScU\n<\/div>
Raoul Pal - Ask Me Anything<\/figcaption><\/figure>\n","post_title":"ETH Will Lead Charge Next Cycle Predicts Raoul Pal","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"eth-will-lead-charge-next-cycle-predicts-raoul-pal","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-misconceptions-with-the-ethereum-merge\/","post_modified":"2023-04-10 18:54:37","post_modified_gmt":"2023-04-10 08:54:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7229","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7153,"post_author":"1","post_date":"2022-09-19 20:57:39","post_date_gmt":"2022-09-19 10:57:39","post_content":"\n
Ethereum has just completed its merge<\/a> to a proof-of-stake<\/a> consensus from proof-of-work, could the primary source of validation bring in more institutional investors?<\/p>\n\n\n\n
\"They're [instiutional investors] looking for yield,\" said<\/a> FalconX CEO Raghu Yarlagadda in a recent interview with CoinDesk, \"with the ETH merge, the possibility of generating a sustainable, stable yield is interesting\" he added. <\/li><\/ul>\n\n\n\n
PoS is a consensus mechanism where transactions are validated through users staking their coins, in return for staking users will receive a small fee for playing their part. Currently, on Ethereum, this may yield users around 10-15% annually which makes it an alternative to typical bonds. <\/li><\/ul>\n\n\n\n
The reduced energy consumption could also make for a more eco-friendly investment in institutional eyes. Environmental, Social, and Governance (ESG) is a metric popular amongst various institutions, so Ethereum reducing its energy consumption by 99.95% and reducing<\/a> the world's energy consumption by 0.02% is a big plus.<\/li><\/ul>\n\n\n\n
Ethereum will also be more scarce now the merge has happened with annual issuance dropping ~90% to 600,000 per year and burning<\/a> of Ethereum transaction fees, along with staking taking even more Ethereum out of circulation.<\/li><\/ul>\n\n\n\n
Although it may attract institutional investors, using it in an institutional scene may not be the most efficient thing to do as of yet. Currently, Ethereum has 15 transactions per second (TP\/S) compared to VISA with ~1,700 and Solana at 2,300. The merge promises to make Ethereum more accessible which could bring scaling solutions to light that improve its lacking metrics.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Ethereum May Attract Institutional Investors \"Looking For Yield\"","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-may-attract-institutional-investors-looking-for-yield","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2023-04-10 18:54:55","post_modified_gmt":"2023-04-10 08:54:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7153","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7141,"post_author":"1","post_date":"2022-09-14 22:57:51","post_date_gmt":"2022-09-14 12:57:51","post_content":"\n
Do Kwon, co-founder of Terraform Labs has been issued an arrest warrant by a South Korean court in the wake of Terra Luna's collapse<\/a> earlier this year.<\/p>\n\n\n\n
A report<\/a> from South Korean news outlet Chosun Ilbo details that there were an additional 5 arrest warrants laid out. This includes Nicholas Platias, a founding member of Terraform Labs, and Han Mo, an employee. The charges being faced are for violating the Capital Markets Act. As prosecutors believe that Terra Luna falls under an \u201cinvestment contract security\u201d.<\/li><\/ul>\n\n\n\n
Although the warrant was issued by a South Korean court, key members of Terraform Labs including Kwon and the 5 other individuals are currently located in Singapore. As a result, the warrant is valid for the next year. This comes after South Korean authorities banned<\/a> Terra Luna's main designers from leaving the country.<\/li><\/ul>\n\n\n\n
After LUNA and sister stablecoin<\/a> UST collapsed earlier this year, investors were bought to outrage with a combined US$42B wiped out from the two coins alongside a 99.99% drop in price. In turn, investors were quick to sue Kwon and others for violating various laws and acts as rumors<\/a> were quick to spread in relation to the downfall.<\/li><\/ul>\n\n\n\n
See Related:<\/strong><\/em> War On Code \u2013 Tornado Cash Developer Alexey Pertsev Arrested<\/a><\/p>\n","post_title":"Terra's Do Kwon Wanted For Arrest By Seoul Court","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"terras-do-kwon-wanted-for-arrest-by-seoul-court","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-30 21:31:32","post_modified_gmt":"2023-04-30 11:31:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7141","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7107,"post_author":"1","post_date":"2022-09-12 21:36:27","post_date_gmt":"2022-09-12 11:36:27","post_content":"\n
Benjamin Cowen<\/a> is a well-regarded crypto analyst, using a historically accurate indicator he has found it likely that Bitcoin has hit its bottom or is very close to doing so.<\/p>\n\n\n\n
Cowen was recently featured<\/a> on Kitco News where he discussed his use of the metric. \"One of the interesting things about this chart is that historically, Bitcoin does not bottom until after they cross,\" he stated.<\/li><\/ul>\n\n\n\n
The indicator Cowen used is the Bitcoin Percentage Of Supply In Profit And Loss<\/a>. This indicates how many Bitcoins are at a profit or loss for their holders. Looking at the chart from a widened perspective Cowen shows how this metric has accompanied tops and bottoms over the long term.<\/li><\/ul>\n\n\n\n
Cowen added that they have recently just crossed each other and how the bottom typically occurs after they cross. \"When it comes up here, that\u2019s generally the time where you want to scale out when we\u2019re continuing to push those new all-time highs so to me this is an indicator that would suggest that if we did get another leg down there\u2019s a lot of evidence that could be the major bottom,\" he added.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bullish On Bitcoin, It\u2019s Trading At A Discount \u2013 Bloomberg Intelligence<\/a><\/p>\n\n\n\n
$\"Benjamin$
Benjamin Cowen Illustrating The Bitcoin Percentage Of Supply In Profit And Loss Metric Source: YouTube\/Kitco News<\/em><\/figcaption><\/figure>\n","post_title":"Bitcoins Bottom Is Likely In, Crypto Analyst Benjamin Cowen","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoins-bottom-is-likely-in-crypto-analyst-benjamin-cowen","to_ping":"","pinged":"","post_modified":"2023-04-11 00:07:43","post_modified_gmt":"2023-04-10 14:07:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7107","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7093,"post_author":"1","post_date":"2022-09-11 19:27:57","post_date_gmt":"2022-09-11 09:27:57","post_content":"\n
Mike McGlone is a senior strategist at Bloomberg Intelligence, has recently shared multiple on Twitter discussing various commodities and concerns related to the current state of markets worldwide.<\/p>\n\n\n\n
In one tweet McGlone outlined his September Crypto Outlook<\/a><\/em> where he believes that the world is leaning towards a recession in light of recent events including the tightening of interest rates by the Federal Reserve.<\/li><\/ul>\n\n\n\n
A key indicator that had encouraged the Fed's fight against inflation was the soar in energy prices. This pressured high-risk assets, namely cryptocurrencies, and once the dust settles from recent events crypto prices will start to \"bouy\" as \u201ccrude oil decline may fuel Bitcoin recovery.\u201d Reuters recently reported<\/a> that the Strategic Petroleum Reserve (SPR) fell to its lowest level in more than 35 years.<\/li><\/ul>\n\n\n\n
Price data from 2018-19 was compared to price data from today showing a similar benchmark where \"Bitcoin is at a discount within an elongated bull market.\"<\/li><\/ul>\n\n\n\n
$\""Too$
Bitcoin Price Data. Source: Bloomberg Intelligence<\/figcaption><\/figure>\n\n\n\n
In an interview<\/a> with Bell Media, McGlone believes that cryptocurrencies will continue to outperform traditional assets with declining volatility. He hints at being bullish on Bitcoin believing will put in a bottom at, or below $20,000 similar to 2018 and 2013 before going into an upward trajectory.<\/li><\/ul>\n\n\n\n
McGlone hinted at Ethereum becoming a large part of the financial system as the merge<\/a> approaches due to its ability to make tokenized assets<\/a> readily accessible to the public just like ETFs had done with traditional assets.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Will Return \u2013 Ruchir Sharma, The Chairman Of Rockefeller International<\/a><\/p>\n","post_title":"Bullish On Bitcoin, It's Trading At A Discount - Bloomberg Intelligence","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bullish-on-bitcoin-its-trading-at-a-discount-bloomberg-intelligence","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/ethereum-proof-of-stake-merge-set-for-mid-september\/\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/\nhttps:\/\/www.thedistributed.co\/bitcoin-will-return-ruchir-sharma-the-chairman-of-rockefeller-international\/","post_modified":"2023-04-11 00:07:57","post_modified_gmt":"2023-04-10 14:07:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7093","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 15 16 17 18 19 … 41 Next

Most Read

The Coins

Binance Coin (BNB)

December 8, 2022 - Updated on January 15, 2023

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

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ADVERTISEMENT

\n
See Related: <\/em><\/strong>Bitcoins Bottom Is Likely In, Crypto Analyst Benjamin Cowen<\/a><\/p>\n\n\n\n
\nhttps:\/\/www.youtube.com\/watch?v=R-RHmKx9xTY\n<\/div><\/figure>\n","post_title":"Crypto Is Not Going Away, Billionaire David Rubenstein","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"crypto-is-not-going-away-billionaire-david-rubenstein","to_ping":"","pinged":"","post_modified":"2022-10-03 16:02:18","post_modified_gmt":"2022-10-03 05:02:18","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7480","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7348,"post_author":"1","post_date":"2022-09-25 00:12:26","post_date_gmt":"2022-09-24 14:12:26","post_content":"\n
Ethereum recently merged its proof-of-work (PoW) blockchain with its proof-of-stake (PoS) blockchain which reduced its energy consumption by 99.95% and made the network more scalable for future projects.<\/p>\n\n\n\n
At the recent Mainnet event, Ethereum co-founder Vitalik Buterin<\/a> was questioned<\/a> about PoS<\/a> as a consensus model. \"Should all networks move to PoS?\" Ryan Selkis<\/a> asked, Buterin replied that \"As PoS matures I would expect it to increase in legitimacy over time. I hope Zcash moves over and I am hopeful Dogecoin moves to PoS soon.\"<\/li><\/ul>\n\n\n\n
Zcash is a blockchain that focused heavily on user privacy with the company behind Zcash already detailing<\/a> how the privacy coin would transition to PoS. This may not be as simple due to the heavy decentralization of the network, comparing it to its launch<\/a> which had 6 pseudonymous identities all with a portion of the network's private key.<\/li><\/ul>\n\n\n\n
On the other hand, Dogecoin is a cryptocurrency that has grown heavily in popularity over the past few years despite launching to mock cryptocurrencies. Dogecoin is now commonly accepted by vendors and its developers have expressed interest in a PoS chain.<\/li><\/ul>\n\n\n\n
ZCash is currently trading at $57.59 and is the 54th largest token<\/a> by market cap. Dogecoin is currently trading at $0.066 and is the 10th largest token by ma<\/a>r<\/a>ket cap<\/a>.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Hopeful That ZCash And Dogecoin Move To PoS - Vitalik Buterin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hopeful-that-zcash-and-dogecoin-move-to-pos-vitalik-buterin","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/proof-of-stake\/\nhttps:\/\/www.thedistributed.co\/whistleblower-edward-snowden-played-a-key-role-in-the-creation-of-zcash\/","post_modified":"2023-04-30 21:30:23","post_modified_gmt":"2023-04-30 11:30:23","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7348","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7259,"post_author":"1","post_date":"2022-09-21 21:11:23","post_date_gmt":"2022-09-21 11:11:23","post_content":"\n
Katherine Polk Failla, a New York judge, has ordered<\/a> Tether to reveal the financial documents that prove its backing of the stable<\/a>c<\/a>oin<\/a>.<\/p>\n\n\n\n
Tether is required to provide the United States District Court for the Southern District of New York with \u201cgeneral ledgers, balance sheets, income statements, cash-flow statements, and profit and loss statements.\" The lawsuit alleges that Tether had conspired to artificially inflate the price of Bitcoin through a USDT campaign.<\/li><\/ul>\n\n\n\n
Tether has avoided providing these documents as they are \"sensitive\", although Failla justified the plaintiffs require the documents \"to asses the backing of USDT with US dollars...The documents sought in the transactions RFPs appear to go to one of Plaintiffs\u2019 core allegations: that the B\/T Defendants engaged in cyptocommodities transactions using unbacked USDT, and that those transactions \u201cwere strategically timed to inflate the market.\u2019\u201d<\/li><\/ul>\n\n\n\n
Tether is also required to cough up accounts and details related to accounts held with Bitfiniex, Bittrex, and Poloniex as apart of a case<\/a> against iFinex started in 2019 - the company behind Bitfinex and Tether.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Tethers Peso-Backed Stablecoin MXNT Launches In Mexico<\/a><\/p>\n","post_title":"Tether Ordered To Reveal USDTs Exact Backings","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tether-ordered-to-reveal-usdts-exact-backings","to_ping":"","pinged":"","post_modified":"2023-04-10 18:53:49","post_modified_gmt":"2023-04-10 08:53:49","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7259","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7229,"post_author":"1","post_date":"2022-09-20 22:22:55","post_date_gmt":"2022-09-20 12:22:55","post_content":"\n
Raoul Pal, a former executive at Goldman Sachs and macro expert believes that Ethereum could lead markets in the next bull cycle.<\/p>\n\n\n\n
Pal recently hosted<\/a> an ask me anything (AMA). Amongst various different questions, Pal predicted that \u201cas adoption keeps building, a lot of adoption spills outside of ETH into the Solana, Avalanche, and a bunch of other protocols as well.\" He added that \"we\u2019re going to see ETH lead the charge, and then we\u2019ll see this tail of stuff starting to come as we start a new bull market and generally things work that way.\u201d<\/p>\n\n\n\n
Pal is keeping his eye on one Ethereum competitor though. \u201cI think a lot of these layer ones this time around will be like ETH in the last cycle. They\u2019ll end up becoming very large dominant chains. Which ones? I don\u2019t really know. My bet is really on Solana, but it could be any of these.\" He added that he is \"watching them and waiting to see,\" tracking SOL\/ETH using a DeMark indicator.<\/p>\n\n\n\n
Pal also recommends listening to a broad base of opinions when doing research for the upcoming markets. \"You weigh them [varying opinions] yourself, how important is that to me?... Having people's opposite opinions, differences, and nuances, is really important for the macro scenario...Once you start listening to a lot of people you can start formulating your own opinions.\" <\/p>\n\n\n\n
He believes that you should follow what makes the most sense from your view - this added responsibility will likely form a better and stronger choice for yourself.<\/p>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n\n\n\n
\nhttps:\/\/www.youtube.com\/watch?v=H5j8mHKHScU\n<\/div>
Raoul Pal - Ask Me Anything<\/figcaption><\/figure>\n","post_title":"ETH Will Lead Charge Next Cycle Predicts Raoul Pal","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"eth-will-lead-charge-next-cycle-predicts-raoul-pal","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-misconceptions-with-the-ethereum-merge\/","post_modified":"2023-04-10 18:54:37","post_modified_gmt":"2023-04-10 08:54:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7229","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7153,"post_author":"1","post_date":"2022-09-19 20:57:39","post_date_gmt":"2022-09-19 10:57:39","post_content":"\n
Ethereum has just completed its merge<\/a> to a proof-of-stake<\/a> consensus from proof-of-work, could the primary source of validation bring in more institutional investors?<\/p>\n\n\n\n
\"They're [instiutional investors] looking for yield,\" said<\/a> FalconX CEO Raghu Yarlagadda in a recent interview with CoinDesk, \"with the ETH merge, the possibility of generating a sustainable, stable yield is interesting\" he added. <\/li><\/ul>\n\n\n\n
PoS is a consensus mechanism where transactions are validated through users staking their coins, in return for staking users will receive a small fee for playing their part. Currently, on Ethereum, this may yield users around 10-15% annually which makes it an alternative to typical bonds. <\/li><\/ul>\n\n\n\n
The reduced energy consumption could also make for a more eco-friendly investment in institutional eyes. Environmental, Social, and Governance (ESG) is a metric popular amongst various institutions, so Ethereum reducing its energy consumption by 99.95% and reducing<\/a> the world's energy consumption by 0.02% is a big plus.<\/li><\/ul>\n\n\n\n
Ethereum will also be more scarce now the merge has happened with annual issuance dropping ~90% to 600,000 per year and burning<\/a> of Ethereum transaction fees, along with staking taking even more Ethereum out of circulation.<\/li><\/ul>\n\n\n\n
Although it may attract institutional investors, using it in an institutional scene may not be the most efficient thing to do as of yet. Currently, Ethereum has 15 transactions per second (TP\/S) compared to VISA with ~1,700 and Solana at 2,300. The merge promises to make Ethereum more accessible which could bring scaling solutions to light that improve its lacking metrics.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Ethereum May Attract Institutional Investors \"Looking For Yield\"","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-may-attract-institutional-investors-looking-for-yield","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2023-04-10 18:54:55","post_modified_gmt":"2023-04-10 08:54:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7153","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7141,"post_author":"1","post_date":"2022-09-14 22:57:51","post_date_gmt":"2022-09-14 12:57:51","post_content":"\n
Do Kwon, co-founder of Terraform Labs has been issued an arrest warrant by a South Korean court in the wake of Terra Luna's collapse<\/a> earlier this year.<\/p>\n\n\n\n
A report<\/a> from South Korean news outlet Chosun Ilbo details that there were an additional 5 arrest warrants laid out. This includes Nicholas Platias, a founding member of Terraform Labs, and Han Mo, an employee. The charges being faced are for violating the Capital Markets Act. As prosecutors believe that Terra Luna falls under an \u201cinvestment contract security\u201d.<\/li><\/ul>\n\n\n\n
Although the warrant was issued by a South Korean court, key members of Terraform Labs including Kwon and the 5 other individuals are currently located in Singapore. As a result, the warrant is valid for the next year. This comes after South Korean authorities banned<\/a> Terra Luna's main designers from leaving the country.<\/li><\/ul>\n\n\n\n
After LUNA and sister stablecoin<\/a> UST collapsed earlier this year, investors were bought to outrage with a combined US$42B wiped out from the two coins alongside a 99.99% drop in price. In turn, investors were quick to sue Kwon and others for violating various laws and acts as rumors<\/a> were quick to spread in relation to the downfall.<\/li><\/ul>\n\n\n\n
See Related:<\/strong><\/em> War On Code \u2013 Tornado Cash Developer Alexey Pertsev Arrested<\/a><\/p>\n","post_title":"Terra's Do Kwon Wanted For Arrest By Seoul Court","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"terras-do-kwon-wanted-for-arrest-by-seoul-court","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-30 21:31:32","post_modified_gmt":"2023-04-30 11:31:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7141","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7107,"post_author":"1","post_date":"2022-09-12 21:36:27","post_date_gmt":"2022-09-12 11:36:27","post_content":"\n
Benjamin Cowen<\/a> is a well-regarded crypto analyst, using a historically accurate indicator he has found it likely that Bitcoin has hit its bottom or is very close to doing so.<\/p>\n\n\n\n
Cowen was recently featured<\/a> on Kitco News where he discussed his use of the metric. \"One of the interesting things about this chart is that historically, Bitcoin does not bottom until after they cross,\" he stated.<\/li><\/ul>\n\n\n\n
The indicator Cowen used is the Bitcoin Percentage Of Supply In Profit And Loss<\/a>. This indicates how many Bitcoins are at a profit or loss for their holders. Looking at the chart from a widened perspective Cowen shows how this metric has accompanied tops and bottoms over the long term.<\/li><\/ul>\n\n\n\n
Cowen added that they have recently just crossed each other and how the bottom typically occurs after they cross. \"When it comes up here, that\u2019s generally the time where you want to scale out when we\u2019re continuing to push those new all-time highs so to me this is an indicator that would suggest that if we did get another leg down there\u2019s a lot of evidence that could be the major bottom,\" he added.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bullish On Bitcoin, It\u2019s Trading At A Discount \u2013 Bloomberg Intelligence<\/a><\/p>\n\n\n\n
$\"Benjamin$
Benjamin Cowen Illustrating The Bitcoin Percentage Of Supply In Profit And Loss Metric Source: YouTube\/Kitco News<\/em><\/figcaption><\/figure>\n","post_title":"Bitcoins Bottom Is Likely In, Crypto Analyst Benjamin Cowen","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoins-bottom-is-likely-in-crypto-analyst-benjamin-cowen","to_ping":"","pinged":"","post_modified":"2023-04-11 00:07:43","post_modified_gmt":"2023-04-10 14:07:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7107","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7093,"post_author":"1","post_date":"2022-09-11 19:27:57","post_date_gmt":"2022-09-11 09:27:57","post_content":"\n
Mike McGlone is a senior strategist at Bloomberg Intelligence, has recently shared multiple on Twitter discussing various commodities and concerns related to the current state of markets worldwide.<\/p>\n\n\n\n
In one tweet McGlone outlined his September Crypto Outlook<\/a><\/em> where he believes that the world is leaning towards a recession in light of recent events including the tightening of interest rates by the Federal Reserve.<\/li><\/ul>\n\n\n\n
A key indicator that had encouraged the Fed's fight against inflation was the soar in energy prices. This pressured high-risk assets, namely cryptocurrencies, and once the dust settles from recent events crypto prices will start to \"bouy\" as \u201ccrude oil decline may fuel Bitcoin recovery.\u201d Reuters recently reported<\/a> that the Strategic Petroleum Reserve (SPR) fell to its lowest level in more than 35 years.<\/li><\/ul>\n\n\n\n
Price data from 2018-19 was compared to price data from today showing a similar benchmark where \"Bitcoin is at a discount within an elongated bull market.\"<\/li><\/ul>\n\n\n\n
$\""Too$
Bitcoin Price Data. Source: Bloomberg Intelligence<\/figcaption><\/figure>\n\n\n\n
In an interview<\/a> with Bell Media, McGlone believes that cryptocurrencies will continue to outperform traditional assets with declining volatility. He hints at being bullish on Bitcoin believing will put in a bottom at, or below $20,000 similar to 2018 and 2013 before going into an upward trajectory.<\/li><\/ul>\n\n\n\n
McGlone hinted at Ethereum becoming a large part of the financial system as the merge<\/a> approaches due to its ability to make tokenized assets<\/a> readily accessible to the public just like ETFs had done with traditional assets.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Will Return \u2013 Ruchir Sharma, The Chairman Of Rockefeller International<\/a><\/p>\n","post_title":"Bullish On Bitcoin, It's Trading At A Discount - Bloomberg Intelligence","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bullish-on-bitcoin-its-trading-at-a-discount-bloomberg-intelligence","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/ethereum-proof-of-stake-merge-set-for-mid-september\/\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/\nhttps:\/\/www.thedistributed.co\/bitcoin-will-return-ruchir-sharma-the-chairman-of-rockefeller-international\/","post_modified":"2023-04-11 00:07:57","post_modified_gmt":"2023-04-10 14:07:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7093","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
The billionaire also believes that the reason so many people want to invest in crypto assets is to take some of the power away that the government and authorities have. \"They tend to be liking this thing that's anti-government, they want to have some of their assets and things that the government can't control or know what they're doing.\"<\/li><\/ul>\n\n\n\n
See Related: <\/em><\/strong>Bitcoins Bottom Is Likely In, Crypto Analyst Benjamin Cowen<\/a><\/p>\n\n\n\n
\nhttps:\/\/www.youtube.com\/watch?v=R-RHmKx9xTY\n<\/div><\/figure>\n","post_title":"Crypto Is Not Going Away, Billionaire David Rubenstein","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"crypto-is-not-going-away-billionaire-david-rubenstein","to_ping":"","pinged":"","post_modified":"2022-10-03 16:02:18","post_modified_gmt":"2022-10-03 05:02:18","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7480","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7348,"post_author":"1","post_date":"2022-09-25 00:12:26","post_date_gmt":"2022-09-24 14:12:26","post_content":"\n
Ethereum recently merged its proof-of-work (PoW) blockchain with its proof-of-stake (PoS) blockchain which reduced its energy consumption by 99.95% and made the network more scalable for future projects.<\/p>\n\n\n\n
At the recent Mainnet event, Ethereum co-founder Vitalik Buterin<\/a> was questioned<\/a> about PoS<\/a> as a consensus model. \"Should all networks move to PoS?\" Ryan Selkis<\/a> asked, Buterin replied that \"As PoS matures I would expect it to increase in legitimacy over time. I hope Zcash moves over and I am hopeful Dogecoin moves to PoS soon.\"<\/li><\/ul>\n\n\n\n
Zcash is a blockchain that focused heavily on user privacy with the company behind Zcash already detailing<\/a> how the privacy coin would transition to PoS. This may not be as simple due to the heavy decentralization of the network, comparing it to its launch<\/a> which had 6 pseudonymous identities all with a portion of the network's private key.<\/li><\/ul>\n\n\n\n
On the other hand, Dogecoin is a cryptocurrency that has grown heavily in popularity over the past few years despite launching to mock cryptocurrencies. Dogecoin is now commonly accepted by vendors and its developers have expressed interest in a PoS chain.<\/li><\/ul>\n\n\n\n
ZCash is currently trading at $57.59 and is the 54th largest token<\/a> by market cap. Dogecoin is currently trading at $0.066 and is the 10th largest token by ma<\/a>r<\/a>ket cap<\/a>.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Hopeful That ZCash And Dogecoin Move To PoS - Vitalik Buterin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hopeful-that-zcash-and-dogecoin-move-to-pos-vitalik-buterin","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/proof-of-stake\/\nhttps:\/\/www.thedistributed.co\/whistleblower-edward-snowden-played-a-key-role-in-the-creation-of-zcash\/","post_modified":"2023-04-30 21:30:23","post_modified_gmt":"2023-04-30 11:30:23","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7348","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7259,"post_author":"1","post_date":"2022-09-21 21:11:23","post_date_gmt":"2022-09-21 11:11:23","post_content":"\n
Katherine Polk Failla, a New York judge, has ordered<\/a> Tether to reveal the financial documents that prove its backing of the stable<\/a>c<\/a>oin<\/a>.<\/p>\n\n\n\n
Tether is required to provide the United States District Court for the Southern District of New York with \u201cgeneral ledgers, balance sheets, income statements, cash-flow statements, and profit and loss statements.\" The lawsuit alleges that Tether had conspired to artificially inflate the price of Bitcoin through a USDT campaign.<\/li><\/ul>\n\n\n\n
Tether has avoided providing these documents as they are \"sensitive\", although Failla justified the plaintiffs require the documents \"to asses the backing of USDT with US dollars...The documents sought in the transactions RFPs appear to go to one of Plaintiffs\u2019 core allegations: that the B\/T Defendants engaged in cyptocommodities transactions using unbacked USDT, and that those transactions \u201cwere strategically timed to inflate the market.\u2019\u201d<\/li><\/ul>\n\n\n\n
Tether is also required to cough up accounts and details related to accounts held with Bitfiniex, Bittrex, and Poloniex as apart of a case<\/a> against iFinex started in 2019 - the company behind Bitfinex and Tether.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Tethers Peso-Backed Stablecoin MXNT Launches In Mexico<\/a><\/p>\n","post_title":"Tether Ordered To Reveal USDTs Exact Backings","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tether-ordered-to-reveal-usdts-exact-backings","to_ping":"","pinged":"","post_modified":"2023-04-10 18:53:49","post_modified_gmt":"2023-04-10 08:53:49","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7259","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7229,"post_author":"1","post_date":"2022-09-20 22:22:55","post_date_gmt":"2022-09-20 12:22:55","post_content":"\n
Raoul Pal, a former executive at Goldman Sachs and macro expert believes that Ethereum could lead markets in the next bull cycle.<\/p>\n\n\n\n
Pal recently hosted<\/a> an ask me anything (AMA). Amongst various different questions, Pal predicted that \u201cas adoption keeps building, a lot of adoption spills outside of ETH into the Solana, Avalanche, and a bunch of other protocols as well.\" He added that \"we\u2019re going to see ETH lead the charge, and then we\u2019ll see this tail of stuff starting to come as we start a new bull market and generally things work that way.\u201d<\/p>\n\n\n\n
Pal is keeping his eye on one Ethereum competitor though. \u201cI think a lot of these layer ones this time around will be like ETH in the last cycle. They\u2019ll end up becoming very large dominant chains. Which ones? I don\u2019t really know. My bet is really on Solana, but it could be any of these.\" He added that he is \"watching them and waiting to see,\" tracking SOL\/ETH using a DeMark indicator.<\/p>\n\n\n\n
Pal also recommends listening to a broad base of opinions when doing research for the upcoming markets. \"You weigh them [varying opinions] yourself, how important is that to me?... Having people's opposite opinions, differences, and nuances, is really important for the macro scenario...Once you start listening to a lot of people you can start formulating your own opinions.\" <\/p>\n\n\n\n
He believes that you should follow what makes the most sense from your view - this added responsibility will likely form a better and stronger choice for yourself.<\/p>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n\n\n\n
\nhttps:\/\/www.youtube.com\/watch?v=H5j8mHKHScU\n<\/div>
Raoul Pal - Ask Me Anything<\/figcaption><\/figure>\n","post_title":"ETH Will Lead Charge Next Cycle Predicts Raoul Pal","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"eth-will-lead-charge-next-cycle-predicts-raoul-pal","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-misconceptions-with-the-ethereum-merge\/","post_modified":"2023-04-10 18:54:37","post_modified_gmt":"2023-04-10 08:54:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7229","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7153,"post_author":"1","post_date":"2022-09-19 20:57:39","post_date_gmt":"2022-09-19 10:57:39","post_content":"\n
Ethereum has just completed its merge<\/a> to a proof-of-stake<\/a> consensus from proof-of-work, could the primary source of validation bring in more institutional investors?<\/p>\n\n\n\n
\"They're [instiutional investors] looking for yield,\" said<\/a> FalconX CEO Raghu Yarlagadda in a recent interview with CoinDesk, \"with the ETH merge, the possibility of generating a sustainable, stable yield is interesting\" he added. <\/li><\/ul>\n\n\n\n
PoS is a consensus mechanism where transactions are validated through users staking their coins, in return for staking users will receive a small fee for playing their part. Currently, on Ethereum, this may yield users around 10-15% annually which makes it an alternative to typical bonds. <\/li><\/ul>\n\n\n\n
The reduced energy consumption could also make for a more eco-friendly investment in institutional eyes. Environmental, Social, and Governance (ESG) is a metric popular amongst various institutions, so Ethereum reducing its energy consumption by 99.95% and reducing<\/a> the world's energy consumption by 0.02% is a big plus.<\/li><\/ul>\n\n\n\n
Ethereum will also be more scarce now the merge has happened with annual issuance dropping ~90% to 600,000 per year and burning<\/a> of Ethereum transaction fees, along with staking taking even more Ethereum out of circulation.<\/li><\/ul>\n\n\n\n
Although it may attract institutional investors, using it in an institutional scene may not be the most efficient thing to do as of yet. Currently, Ethereum has 15 transactions per second (TP\/S) compared to VISA with ~1,700 and Solana at 2,300. The merge promises to make Ethereum more accessible which could bring scaling solutions to light that improve its lacking metrics.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Ethereum May Attract Institutional Investors \"Looking For Yield\"","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-may-attract-institutional-investors-looking-for-yield","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2023-04-10 18:54:55","post_modified_gmt":"2023-04-10 08:54:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7153","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7141,"post_author":"1","post_date":"2022-09-14 22:57:51","post_date_gmt":"2022-09-14 12:57:51","post_content":"\n
Do Kwon, co-founder of Terraform Labs has been issued an arrest warrant by a South Korean court in the wake of Terra Luna's collapse<\/a> earlier this year.<\/p>\n\n\n\n
A report<\/a> from South Korean news outlet Chosun Ilbo details that there were an additional 5 arrest warrants laid out. This includes Nicholas Platias, a founding member of Terraform Labs, and Han Mo, an employee. The charges being faced are for violating the Capital Markets Act. As prosecutors believe that Terra Luna falls under an \u201cinvestment contract security\u201d.<\/li><\/ul>\n\n\n\n
Although the warrant was issued by a South Korean court, key members of Terraform Labs including Kwon and the 5 other individuals are currently located in Singapore. As a result, the warrant is valid for the next year. This comes after South Korean authorities banned<\/a> Terra Luna's main designers from leaving the country.<\/li><\/ul>\n\n\n\n
After LUNA and sister stablecoin<\/a> UST collapsed earlier this year, investors were bought to outrage with a combined US$42B wiped out from the two coins alongside a 99.99% drop in price. In turn, investors were quick to sue Kwon and others for violating various laws and acts as rumors<\/a> were quick to spread in relation to the downfall.<\/li><\/ul>\n\n\n\n
See Related:<\/strong><\/em> War On Code \u2013 Tornado Cash Developer Alexey Pertsev Arrested<\/a><\/p>\n","post_title":"Terra's Do Kwon Wanted For Arrest By Seoul Court","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"terras-do-kwon-wanted-for-arrest-by-seoul-court","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-30 21:31:32","post_modified_gmt":"2023-04-30 11:31:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7141","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7107,"post_author":"1","post_date":"2022-09-12 21:36:27","post_date_gmt":"2022-09-12 11:36:27","post_content":"\n
Benjamin Cowen<\/a> is a well-regarded crypto analyst, using a historically accurate indicator he has found it likely that Bitcoin has hit its bottom or is very close to doing so.<\/p>\n\n\n\n
Cowen was recently featured<\/a> on Kitco News where he discussed his use of the metric. \"One of the interesting things about this chart is that historically, Bitcoin does not bottom until after they cross,\" he stated.<\/li><\/ul>\n\n\n\n
The indicator Cowen used is the Bitcoin Percentage Of Supply In Profit And Loss<\/a>. This indicates how many Bitcoins are at a profit or loss for their holders. Looking at the chart from a widened perspective Cowen shows how this metric has accompanied tops and bottoms over the long term.<\/li><\/ul>\n\n\n\n
Cowen added that they have recently just crossed each other and how the bottom typically occurs after they cross. \"When it comes up here, that\u2019s generally the time where you want to scale out when we\u2019re continuing to push those new all-time highs so to me this is an indicator that would suggest that if we did get another leg down there\u2019s a lot of evidence that could be the major bottom,\" he added.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bullish On Bitcoin, It\u2019s Trading At A Discount \u2013 Bloomberg Intelligence<\/a><\/p>\n\n\n\n
$\"Benjamin$
Benjamin Cowen Illustrating The Bitcoin Percentage Of Supply In Profit And Loss Metric Source: YouTube\/Kitco News<\/em><\/figcaption><\/figure>\n","post_title":"Bitcoins Bottom Is Likely In, Crypto Analyst Benjamin Cowen","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoins-bottom-is-likely-in-crypto-analyst-benjamin-cowen","to_ping":"","pinged":"","post_modified":"2023-04-11 00:07:43","post_modified_gmt":"2023-04-10 14:07:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7107","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7093,"post_author":"1","post_date":"2022-09-11 19:27:57","post_date_gmt":"2022-09-11 09:27:57","post_content":"\n
Mike McGlone is a senior strategist at Bloomberg Intelligence, has recently shared multiple on Twitter discussing various commodities and concerns related to the current state of markets worldwide.<\/p>\n\n\n\n
In one tweet McGlone outlined his September Crypto Outlook<\/a><\/em> where he believes that the world is leaning towards a recession in light of recent events including the tightening of interest rates by the Federal Reserve.<\/li><\/ul>\n\n\n\n
A key indicator that had encouraged the Fed's fight against inflation was the soar in energy prices. This pressured high-risk assets, namely cryptocurrencies, and once the dust settles from recent events crypto prices will start to \"bouy\" as \u201ccrude oil decline may fuel Bitcoin recovery.\u201d Reuters recently reported<\/a> that the Strategic Petroleum Reserve (SPR) fell to its lowest level in more than 35 years.<\/li><\/ul>\n\n\n\n
Price data from 2018-19 was compared to price data from today showing a similar benchmark where \"Bitcoin is at a discount within an elongated bull market.\"<\/li><\/ul>\n\n\n\n
$\""Too$
Bitcoin Price Data. Source: Bloomberg Intelligence<\/figcaption><\/figure>\n\n\n\n
In an interview<\/a> with Bell Media, McGlone believes that cryptocurrencies will continue to outperform traditional assets with declining volatility. He hints at being bullish on Bitcoin believing will put in a bottom at, or below $20,000 similar to 2018 and 2013 before going into an upward trajectory.<\/li><\/ul>\n\n\n\n
McGlone hinted at Ethereum becoming a large part of the financial system as the merge<\/a> approaches due to its ability to make tokenized assets<\/a> readily accessible to the public just like ETFs had done with traditional assets.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Will Return \u2013 Ruchir Sharma, The Chairman Of Rockefeller International<\/a><\/p>\n","post_title":"Bullish On Bitcoin, It's Trading At A Discount - Bloomberg Intelligence","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bullish-on-bitcoin-its-trading-at-a-discount-bloomberg-intelligence","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/ethereum-proof-of-stake-merge-set-for-mid-september\/\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/\nhttps:\/\/www.thedistributed.co\/bitcoin-will-return-ruchir-sharma-the-chairman-of-rockefeller-international\/","post_modified":"2023-04-11 00:07:57","post_modified_gmt":"2023-04-10 14:07:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7093","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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Binance Coin (BNB)

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\n
Griffin asked \"What do you think about cryptocurrencies,\" Rubenstein responded that \"if it gives you pleasure to do the gambling allocate enough money that you can afford to lose, with crypto that was my view for some time...I now think that crypto is not going to go away the way some people have thought and while you can argue it's worthless in some respects, many things that people buy are maybe worthless.\"<\/li><\/ul>\n\n\n\n
The billionaire also believes that the reason so many people want to invest in crypto assets is to take some of the power away that the government and authorities have. \"They tend to be liking this thing that's anti-government, they want to have some of their assets and things that the government can't control or know what they're doing.\"<\/li><\/ul>\n\n\n\n
See Related: <\/em><\/strong>Bitcoins Bottom Is Likely In, Crypto Analyst Benjamin Cowen<\/a><\/p>\n\n\n\n
\nhttps:\/\/www.youtube.com\/watch?v=R-RHmKx9xTY\n<\/div><\/figure>\n","post_title":"Crypto Is Not Going Away, Billionaire David Rubenstein","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"crypto-is-not-going-away-billionaire-david-rubenstein","to_ping":"","pinged":"","post_modified":"2022-10-03 16:02:18","post_modified_gmt":"2022-10-03 05:02:18","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7480","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7348,"post_author":"1","post_date":"2022-09-25 00:12:26","post_date_gmt":"2022-09-24 14:12:26","post_content":"\n
Ethereum recently merged its proof-of-work (PoW) blockchain with its proof-of-stake (PoS) blockchain which reduced its energy consumption by 99.95% and made the network more scalable for future projects.<\/p>\n\n\n\n
At the recent Mainnet event, Ethereum co-founder Vitalik Buterin<\/a> was questioned<\/a> about PoS<\/a> as a consensus model. \"Should all networks move to PoS?\" Ryan Selkis<\/a> asked, Buterin replied that \"As PoS matures I would expect it to increase in legitimacy over time. I hope Zcash moves over and I am hopeful Dogecoin moves to PoS soon.\"<\/li><\/ul>\n\n\n\n
Zcash is a blockchain that focused heavily on user privacy with the company behind Zcash already detailing<\/a> how the privacy coin would transition to PoS. This may not be as simple due to the heavy decentralization of the network, comparing it to its launch<\/a> which had 6 pseudonymous identities all with a portion of the network's private key.<\/li><\/ul>\n\n\n\n
On the other hand, Dogecoin is a cryptocurrency that has grown heavily in popularity over the past few years despite launching to mock cryptocurrencies. Dogecoin is now commonly accepted by vendors and its developers have expressed interest in a PoS chain.<\/li><\/ul>\n\n\n\n
ZCash is currently trading at $57.59 and is the 54th largest token<\/a> by market cap. Dogecoin is currently trading at $0.066 and is the 10th largest token by ma<\/a>r<\/a>ket cap<\/a>.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Hopeful That ZCash And Dogecoin Move To PoS - Vitalik Buterin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hopeful-that-zcash-and-dogecoin-move-to-pos-vitalik-buterin","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/proof-of-stake\/\nhttps:\/\/www.thedistributed.co\/whistleblower-edward-snowden-played-a-key-role-in-the-creation-of-zcash\/","post_modified":"2023-04-30 21:30:23","post_modified_gmt":"2023-04-30 11:30:23","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7348","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7259,"post_author":"1","post_date":"2022-09-21 21:11:23","post_date_gmt":"2022-09-21 11:11:23","post_content":"\n
Katherine Polk Failla, a New York judge, has ordered<\/a> Tether to reveal the financial documents that prove its backing of the stable<\/a>c<\/a>oin<\/a>.<\/p>\n\n\n\n
Tether is required to provide the United States District Court for the Southern District of New York with \u201cgeneral ledgers, balance sheets, income statements, cash-flow statements, and profit and loss statements.\" The lawsuit alleges that Tether had conspired to artificially inflate the price of Bitcoin through a USDT campaign.<\/li><\/ul>\n\n\n\n
Tether has avoided providing these documents as they are \"sensitive\", although Failla justified the plaintiffs require the documents \"to asses the backing of USDT with US dollars...The documents sought in the transactions RFPs appear to go to one of Plaintiffs\u2019 core allegations: that the B\/T Defendants engaged in cyptocommodities transactions using unbacked USDT, and that those transactions \u201cwere strategically timed to inflate the market.\u2019\u201d<\/li><\/ul>\n\n\n\n
Tether is also required to cough up accounts and details related to accounts held with Bitfiniex, Bittrex, and Poloniex as apart of a case<\/a> against iFinex started in 2019 - the company behind Bitfinex and Tether.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Tethers Peso-Backed Stablecoin MXNT Launches In Mexico<\/a><\/p>\n","post_title":"Tether Ordered To Reveal USDTs Exact Backings","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tether-ordered-to-reveal-usdts-exact-backings","to_ping":"","pinged":"","post_modified":"2023-04-10 18:53:49","post_modified_gmt":"2023-04-10 08:53:49","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7259","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7229,"post_author":"1","post_date":"2022-09-20 22:22:55","post_date_gmt":"2022-09-20 12:22:55","post_content":"\n
Raoul Pal, a former executive at Goldman Sachs and macro expert believes that Ethereum could lead markets in the next bull cycle.<\/p>\n\n\n\n
Pal recently hosted<\/a> an ask me anything (AMA). Amongst various different questions, Pal predicted that \u201cas adoption keeps building, a lot of adoption spills outside of ETH into the Solana, Avalanche, and a bunch of other protocols as well.\" He added that \"we\u2019re going to see ETH lead the charge, and then we\u2019ll see this tail of stuff starting to come as we start a new bull market and generally things work that way.\u201d<\/p>\n\n\n\n
Pal is keeping his eye on one Ethereum competitor though. \u201cI think a lot of these layer ones this time around will be like ETH in the last cycle. They\u2019ll end up becoming very large dominant chains. Which ones? I don\u2019t really know. My bet is really on Solana, but it could be any of these.\" He added that he is \"watching them and waiting to see,\" tracking SOL\/ETH using a DeMark indicator.<\/p>\n\n\n\n
Pal also recommends listening to a broad base of opinions when doing research for the upcoming markets. \"You weigh them [varying opinions] yourself, how important is that to me?... Having people's opposite opinions, differences, and nuances, is really important for the macro scenario...Once you start listening to a lot of people you can start formulating your own opinions.\" <\/p>\n\n\n\n
He believes that you should follow what makes the most sense from your view - this added responsibility will likely form a better and stronger choice for yourself.<\/p>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n\n\n\n
\nhttps:\/\/www.youtube.com\/watch?v=H5j8mHKHScU\n<\/div>
Raoul Pal - Ask Me Anything<\/figcaption><\/figure>\n","post_title":"ETH Will Lead Charge Next Cycle Predicts Raoul Pal","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"eth-will-lead-charge-next-cycle-predicts-raoul-pal","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-misconceptions-with-the-ethereum-merge\/","post_modified":"2023-04-10 18:54:37","post_modified_gmt":"2023-04-10 08:54:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7229","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7153,"post_author":"1","post_date":"2022-09-19 20:57:39","post_date_gmt":"2022-09-19 10:57:39","post_content":"\n
Ethereum has just completed its merge<\/a> to a proof-of-stake<\/a> consensus from proof-of-work, could the primary source of validation bring in more institutional investors?<\/p>\n\n\n\n
\"They're [instiutional investors] looking for yield,\" said<\/a> FalconX CEO Raghu Yarlagadda in a recent interview with CoinDesk, \"with the ETH merge, the possibility of generating a sustainable, stable yield is interesting\" he added. <\/li><\/ul>\n\n\n\n
PoS is a consensus mechanism where transactions are validated through users staking their coins, in return for staking users will receive a small fee for playing their part. Currently, on Ethereum, this may yield users around 10-15% annually which makes it an alternative to typical bonds. <\/li><\/ul>\n\n\n\n
The reduced energy consumption could also make for a more eco-friendly investment in institutional eyes. Environmental, Social, and Governance (ESG) is a metric popular amongst various institutions, so Ethereum reducing its energy consumption by 99.95% and reducing<\/a> the world's energy consumption by 0.02% is a big plus.<\/li><\/ul>\n\n\n\n
Ethereum will also be more scarce now the merge has happened with annual issuance dropping ~90% to 600,000 per year and burning<\/a> of Ethereum transaction fees, along with staking taking even more Ethereum out of circulation.<\/li><\/ul>\n\n\n\n
Although it may attract institutional investors, using it in an institutional scene may not be the most efficient thing to do as of yet. Currently, Ethereum has 15 transactions per second (TP\/S) compared to VISA with ~1,700 and Solana at 2,300. The merge promises to make Ethereum more accessible which could bring scaling solutions to light that improve its lacking metrics.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Ethereum May Attract Institutional Investors \"Looking For Yield\"","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-may-attract-institutional-investors-looking-for-yield","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2023-04-10 18:54:55","post_modified_gmt":"2023-04-10 08:54:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7153","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7141,"post_author":"1","post_date":"2022-09-14 22:57:51","post_date_gmt":"2022-09-14 12:57:51","post_content":"\n
Do Kwon, co-founder of Terraform Labs has been issued an arrest warrant by a South Korean court in the wake of Terra Luna's collapse<\/a> earlier this year.<\/p>\n\n\n\n
A report<\/a> from South Korean news outlet Chosun Ilbo details that there were an additional 5 arrest warrants laid out. This includes Nicholas Platias, a founding member of Terraform Labs, and Han Mo, an employee. The charges being faced are for violating the Capital Markets Act. As prosecutors believe that Terra Luna falls under an \u201cinvestment contract security\u201d.<\/li><\/ul>\n\n\n\n
Although the warrant was issued by a South Korean court, key members of Terraform Labs including Kwon and the 5 other individuals are currently located in Singapore. As a result, the warrant is valid for the next year. This comes after South Korean authorities banned<\/a> Terra Luna's main designers from leaving the country.<\/li><\/ul>\n\n\n\n
After LUNA and sister stablecoin<\/a> UST collapsed earlier this year, investors were bought to outrage with a combined US$42B wiped out from the two coins alongside a 99.99% drop in price. In turn, investors were quick to sue Kwon and others for violating various laws and acts as rumors<\/a> were quick to spread in relation to the downfall.<\/li><\/ul>\n\n\n\n
See Related:<\/strong><\/em> War On Code \u2013 Tornado Cash Developer Alexey Pertsev Arrested<\/a><\/p>\n","post_title":"Terra's Do Kwon Wanted For Arrest By Seoul Court","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"terras-do-kwon-wanted-for-arrest-by-seoul-court","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-30 21:31:32","post_modified_gmt":"2023-04-30 11:31:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7141","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7107,"post_author":"1","post_date":"2022-09-12 21:36:27","post_date_gmt":"2022-09-12 11:36:27","post_content":"\n
Benjamin Cowen<\/a> is a well-regarded crypto analyst, using a historically accurate indicator he has found it likely that Bitcoin has hit its bottom or is very close to doing so.<\/p>\n\n\n\n
Cowen was recently featured<\/a> on Kitco News where he discussed his use of the metric. \"One of the interesting things about this chart is that historically, Bitcoin does not bottom until after they cross,\" he stated.<\/li><\/ul>\n\n\n\n
The indicator Cowen used is the Bitcoin Percentage Of Supply In Profit And Loss<\/a>. This indicates how many Bitcoins are at a profit or loss for their holders. Looking at the chart from a widened perspective Cowen shows how this metric has accompanied tops and bottoms over the long term.<\/li><\/ul>\n\n\n\n
Cowen added that they have recently just crossed each other and how the bottom typically occurs after they cross. \"When it comes up here, that\u2019s generally the time where you want to scale out when we\u2019re continuing to push those new all-time highs so to me this is an indicator that would suggest that if we did get another leg down there\u2019s a lot of evidence that could be the major bottom,\" he added.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bullish On Bitcoin, It\u2019s Trading At A Discount \u2013 Bloomberg Intelligence<\/a><\/p>\n\n\n\n
$\"Benjamin$
Benjamin Cowen Illustrating The Bitcoin Percentage Of Supply In Profit And Loss Metric Source: YouTube\/Kitco News<\/em><\/figcaption><\/figure>\n","post_title":"Bitcoins Bottom Is Likely In, Crypto Analyst Benjamin Cowen","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoins-bottom-is-likely-in-crypto-analyst-benjamin-cowen","to_ping":"","pinged":"","post_modified":"2023-04-11 00:07:43","post_modified_gmt":"2023-04-10 14:07:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7107","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7093,"post_author":"1","post_date":"2022-09-11 19:27:57","post_date_gmt":"2022-09-11 09:27:57","post_content":"\n
Mike McGlone is a senior strategist at Bloomberg Intelligence, has recently shared multiple on Twitter discussing various commodities and concerns related to the current state of markets worldwide.<\/p>\n\n\n\n
In one tweet McGlone outlined his September Crypto Outlook<\/a><\/em> where he believes that the world is leaning towards a recession in light of recent events including the tightening of interest rates by the Federal Reserve.<\/li><\/ul>\n\n\n\n
A key indicator that had encouraged the Fed's fight against inflation was the soar in energy prices. This pressured high-risk assets, namely cryptocurrencies, and once the dust settles from recent events crypto prices will start to \"bouy\" as \u201ccrude oil decline may fuel Bitcoin recovery.\u201d Reuters recently reported<\/a> that the Strategic Petroleum Reserve (SPR) fell to its lowest level in more than 35 years.<\/li><\/ul>\n\n\n\n
Price data from 2018-19 was compared to price data from today showing a similar benchmark where \"Bitcoin is at a discount within an elongated bull market.\"<\/li><\/ul>\n\n\n\n
$\""Too$
Bitcoin Price Data. Source: Bloomberg Intelligence<\/figcaption><\/figure>\n\n\n\n
In an interview<\/a> with Bell Media, McGlone believes that cryptocurrencies will continue to outperform traditional assets with declining volatility. He hints at being bullish on Bitcoin believing will put in a bottom at, or below $20,000 similar to 2018 and 2013 before going into an upward trajectory.<\/li><\/ul>\n\n\n\n
McGlone hinted at Ethereum becoming a large part of the financial system as the merge<\/a> approaches due to its ability to make tokenized assets<\/a> readily accessible to the public just like ETFs had done with traditional assets.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Will Return \u2013 Ruchir Sharma, The Chairman Of Rockefeller International<\/a><\/p>\n","post_title":"Bullish On Bitcoin, It's Trading At A Discount - Bloomberg Intelligence","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bullish-on-bitcoin-its-trading-at-a-discount-bloomberg-intelligence","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/ethereum-proof-of-stake-merge-set-for-mid-september\/\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/\nhttps:\/\/www.thedistributed.co\/bitcoin-will-return-ruchir-sharma-the-chairman-of-rockefeller-international\/","post_modified":"2023-04-11 00:07:57","post_modified_gmt":"2023-04-10 14:07:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7093","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 15 16 17 18 19 … 41 Next

Most Read

The Coins

Binance Coin (BNB)

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\n
Although Rubenstein believes \"the industry is not going away anytime soon,\" he states that \"I can\u2019t pick which of the 18,000 cryptocurrencies are going to work. But I think the industry is not going away,\" as there are countless investors who've increasingly lobbied congress to prevent over-regulation.<\/li><\/ul>\n\n\n\n
Griffin asked \"What do you think about cryptocurrencies,\" Rubenstein responded that \"if it gives you pleasure to do the gambling allocate enough money that you can afford to lose, with crypto that was my view for some time...I now think that crypto is not going to go away the way some people have thought and while you can argue it's worthless in some respects, many things that people buy are maybe worthless.\"<\/li><\/ul>\n\n\n\n
The billionaire also believes that the reason so many people want to invest in crypto assets is to take some of the power away that the government and authorities have. \"They tend to be liking this thing that's anti-government, they want to have some of their assets and things that the government can't control or know what they're doing.\"<\/li><\/ul>\n\n\n\n
See Related: <\/em><\/strong>Bitcoins Bottom Is Likely In, Crypto Analyst Benjamin Cowen<\/a><\/p>\n\n\n\n
\nhttps:\/\/www.youtube.com\/watch?v=R-RHmKx9xTY\n<\/div><\/figure>\n","post_title":"Crypto Is Not Going Away, Billionaire David Rubenstein","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"crypto-is-not-going-away-billionaire-david-rubenstein","to_ping":"","pinged":"","post_modified":"2022-10-03 16:02:18","post_modified_gmt":"2022-10-03 05:02:18","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7480","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7348,"post_author":"1","post_date":"2022-09-25 00:12:26","post_date_gmt":"2022-09-24 14:12:26","post_content":"\n
Ethereum recently merged its proof-of-work (PoW) blockchain with its proof-of-stake (PoS) blockchain which reduced its energy consumption by 99.95% and made the network more scalable for future projects.<\/p>\n\n\n\n
At the recent Mainnet event, Ethereum co-founder Vitalik Buterin<\/a> was questioned<\/a> about PoS<\/a> as a consensus model. \"Should all networks move to PoS?\" Ryan Selkis<\/a> asked, Buterin replied that \"As PoS matures I would expect it to increase in legitimacy over time. I hope Zcash moves over and I am hopeful Dogecoin moves to PoS soon.\"<\/li><\/ul>\n\n\n\n
Zcash is a blockchain that focused heavily on user privacy with the company behind Zcash already detailing<\/a> how the privacy coin would transition to PoS. This may not be as simple due to the heavy decentralization of the network, comparing it to its launch<\/a> which had 6 pseudonymous identities all with a portion of the network's private key.<\/li><\/ul>\n\n\n\n
On the other hand, Dogecoin is a cryptocurrency that has grown heavily in popularity over the past few years despite launching to mock cryptocurrencies. Dogecoin is now commonly accepted by vendors and its developers have expressed interest in a PoS chain.<\/li><\/ul>\n\n\n\n
ZCash is currently trading at $57.59 and is the 54th largest token<\/a> by market cap. Dogecoin is currently trading at $0.066 and is the 10th largest token by ma<\/a>r<\/a>ket cap<\/a>.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Hopeful That ZCash And Dogecoin Move To PoS - Vitalik Buterin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hopeful-that-zcash-and-dogecoin-move-to-pos-vitalik-buterin","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/proof-of-stake\/\nhttps:\/\/www.thedistributed.co\/whistleblower-edward-snowden-played-a-key-role-in-the-creation-of-zcash\/","post_modified":"2023-04-30 21:30:23","post_modified_gmt":"2023-04-30 11:30:23","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7348","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7259,"post_author":"1","post_date":"2022-09-21 21:11:23","post_date_gmt":"2022-09-21 11:11:23","post_content":"\n
Katherine Polk Failla, a New York judge, has ordered<\/a> Tether to reveal the financial documents that prove its backing of the stable<\/a>c<\/a>oin<\/a>.<\/p>\n\n\n\n
Tether is required to provide the United States District Court for the Southern District of New York with \u201cgeneral ledgers, balance sheets, income statements, cash-flow statements, and profit and loss statements.\" The lawsuit alleges that Tether had conspired to artificially inflate the price of Bitcoin through a USDT campaign.<\/li><\/ul>\n\n\n\n
Tether has avoided providing these documents as they are \"sensitive\", although Failla justified the plaintiffs require the documents \"to asses the backing of USDT with US dollars...The documents sought in the transactions RFPs appear to go to one of Plaintiffs\u2019 core allegations: that the B\/T Defendants engaged in cyptocommodities transactions using unbacked USDT, and that those transactions \u201cwere strategically timed to inflate the market.\u2019\u201d<\/li><\/ul>\n\n\n\n
Tether is also required to cough up accounts and details related to accounts held with Bitfiniex, Bittrex, and Poloniex as apart of a case<\/a> against iFinex started in 2019 - the company behind Bitfinex and Tether.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Tethers Peso-Backed Stablecoin MXNT Launches In Mexico<\/a><\/p>\n","post_title":"Tether Ordered To Reveal USDTs Exact Backings","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tether-ordered-to-reveal-usdts-exact-backings","to_ping":"","pinged":"","post_modified":"2023-04-10 18:53:49","post_modified_gmt":"2023-04-10 08:53:49","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7259","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7229,"post_author":"1","post_date":"2022-09-20 22:22:55","post_date_gmt":"2022-09-20 12:22:55","post_content":"\n
Raoul Pal, a former executive at Goldman Sachs and macro expert believes that Ethereum could lead markets in the next bull cycle.<\/p>\n\n\n\n
Pal recently hosted<\/a> an ask me anything (AMA). Amongst various different questions, Pal predicted that \u201cas adoption keeps building, a lot of adoption spills outside of ETH into the Solana, Avalanche, and a bunch of other protocols as well.\" He added that \"we\u2019re going to see ETH lead the charge, and then we\u2019ll see this tail of stuff starting to come as we start a new bull market and generally things work that way.\u201d<\/p>\n\n\n\n
Pal is keeping his eye on one Ethereum competitor though. \u201cI think a lot of these layer ones this time around will be like ETH in the last cycle. They\u2019ll end up becoming very large dominant chains. Which ones? I don\u2019t really know. My bet is really on Solana, but it could be any of these.\" He added that he is \"watching them and waiting to see,\" tracking SOL\/ETH using a DeMark indicator.<\/p>\n\n\n\n
Pal also recommends listening to a broad base of opinions when doing research for the upcoming markets. \"You weigh them [varying opinions] yourself, how important is that to me?... Having people's opposite opinions, differences, and nuances, is really important for the macro scenario...Once you start listening to a lot of people you can start formulating your own opinions.\" <\/p>\n\n\n\n
He believes that you should follow what makes the most sense from your view - this added responsibility will likely form a better and stronger choice for yourself.<\/p>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n\n\n\n
\nhttps:\/\/www.youtube.com\/watch?v=H5j8mHKHScU\n<\/div>
Raoul Pal - Ask Me Anything<\/figcaption><\/figure>\n","post_title":"ETH Will Lead Charge Next Cycle Predicts Raoul Pal","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"eth-will-lead-charge-next-cycle-predicts-raoul-pal","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-misconceptions-with-the-ethereum-merge\/","post_modified":"2023-04-10 18:54:37","post_modified_gmt":"2023-04-10 08:54:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7229","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7153,"post_author":"1","post_date":"2022-09-19 20:57:39","post_date_gmt":"2022-09-19 10:57:39","post_content":"\n
Ethereum has just completed its merge<\/a> to a proof-of-stake<\/a> consensus from proof-of-work, could the primary source of validation bring in more institutional investors?<\/p>\n\n\n\n
\"They're [instiutional investors] looking for yield,\" said<\/a> FalconX CEO Raghu Yarlagadda in a recent interview with CoinDesk, \"with the ETH merge, the possibility of generating a sustainable, stable yield is interesting\" he added. <\/li><\/ul>\n\n\n\n
PoS is a consensus mechanism where transactions are validated through users staking their coins, in return for staking users will receive a small fee for playing their part. Currently, on Ethereum, this may yield users around 10-15% annually which makes it an alternative to typical bonds. <\/li><\/ul>\n\n\n\n
The reduced energy consumption could also make for a more eco-friendly investment in institutional eyes. Environmental, Social, and Governance (ESG) is a metric popular amongst various institutions, so Ethereum reducing its energy consumption by 99.95% and reducing<\/a> the world's energy consumption by 0.02% is a big plus.<\/li><\/ul>\n\n\n\n
Ethereum will also be more scarce now the merge has happened with annual issuance dropping ~90% to 600,000 per year and burning<\/a> of Ethereum transaction fees, along with staking taking even more Ethereum out of circulation.<\/li><\/ul>\n\n\n\n
Although it may attract institutional investors, using it in an institutional scene may not be the most efficient thing to do as of yet. Currently, Ethereum has 15 transactions per second (TP\/S) compared to VISA with ~1,700 and Solana at 2,300. The merge promises to make Ethereum more accessible which could bring scaling solutions to light that improve its lacking metrics.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Ethereum May Attract Institutional Investors \"Looking For Yield\"","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-may-attract-institutional-investors-looking-for-yield","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2023-04-10 18:54:55","post_modified_gmt":"2023-04-10 08:54:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7153","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7141,"post_author":"1","post_date":"2022-09-14 22:57:51","post_date_gmt":"2022-09-14 12:57:51","post_content":"\n
Do Kwon, co-founder of Terraform Labs has been issued an arrest warrant by a South Korean court in the wake of Terra Luna's collapse<\/a> earlier this year.<\/p>\n\n\n\n
A report<\/a> from South Korean news outlet Chosun Ilbo details that there were an additional 5 arrest warrants laid out. This includes Nicholas Platias, a founding member of Terraform Labs, and Han Mo, an employee. The charges being faced are for violating the Capital Markets Act. As prosecutors believe that Terra Luna falls under an \u201cinvestment contract security\u201d.<\/li><\/ul>\n\n\n\n
Although the warrant was issued by a South Korean court, key members of Terraform Labs including Kwon and the 5 other individuals are currently located in Singapore. As a result, the warrant is valid for the next year. This comes after South Korean authorities banned<\/a> Terra Luna's main designers from leaving the country.<\/li><\/ul>\n\n\n\n
After LUNA and sister stablecoin<\/a> UST collapsed earlier this year, investors were bought to outrage with a combined US$42B wiped out from the two coins alongside a 99.99% drop in price. In turn, investors were quick to sue Kwon and others for violating various laws and acts as rumors<\/a> were quick to spread in relation to the downfall.<\/li><\/ul>\n\n\n\n
See Related:<\/strong><\/em> War On Code \u2013 Tornado Cash Developer Alexey Pertsev Arrested<\/a><\/p>\n","post_title":"Terra's Do Kwon Wanted For Arrest By Seoul Court","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"terras-do-kwon-wanted-for-arrest-by-seoul-court","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-30 21:31:32","post_modified_gmt":"2023-04-30 11:31:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7141","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7107,"post_author":"1","post_date":"2022-09-12 21:36:27","post_date_gmt":"2022-09-12 11:36:27","post_content":"\n
Benjamin Cowen<\/a> is a well-regarded crypto analyst, using a historically accurate indicator he has found it likely that Bitcoin has hit its bottom or is very close to doing so.<\/p>\n\n\n\n
Cowen was recently featured<\/a> on Kitco News where he discussed his use of the metric. \"One of the interesting things about this chart is that historically, Bitcoin does not bottom until after they cross,\" he stated.<\/li><\/ul>\n\n\n\n
The indicator Cowen used is the Bitcoin Percentage Of Supply In Profit And Loss<\/a>. This indicates how many Bitcoins are at a profit or loss for their holders. Looking at the chart from a widened perspective Cowen shows how this metric has accompanied tops and bottoms over the long term.<\/li><\/ul>\n\n\n\n
Cowen added that they have recently just crossed each other and how the bottom typically occurs after they cross. \"When it comes up here, that\u2019s generally the time where you want to scale out when we\u2019re continuing to push those new all-time highs so to me this is an indicator that would suggest that if we did get another leg down there\u2019s a lot of evidence that could be the major bottom,\" he added.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bullish On Bitcoin, It\u2019s Trading At A Discount \u2013 Bloomberg Intelligence<\/a><\/p>\n\n\n\n
$\"Benjamin$
Benjamin Cowen Illustrating The Bitcoin Percentage Of Supply In Profit And Loss Metric Source: YouTube\/Kitco News<\/em><\/figcaption><\/figure>\n","post_title":"Bitcoins Bottom Is Likely In, Crypto Analyst Benjamin Cowen","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoins-bottom-is-likely-in-crypto-analyst-benjamin-cowen","to_ping":"","pinged":"","post_modified":"2023-04-11 00:07:43","post_modified_gmt":"2023-04-10 14:07:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7107","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7093,"post_author":"1","post_date":"2022-09-11 19:27:57","post_date_gmt":"2022-09-11 09:27:57","post_content":"\n
Mike McGlone is a senior strategist at Bloomberg Intelligence, has recently shared multiple on Twitter discussing various commodities and concerns related to the current state of markets worldwide.<\/p>\n\n\n\n
In one tweet McGlone outlined his September Crypto Outlook<\/a><\/em> where he believes that the world is leaning towards a recession in light of recent events including the tightening of interest rates by the Federal Reserve.<\/li><\/ul>\n\n\n\n
A key indicator that had encouraged the Fed's fight against inflation was the soar in energy prices. This pressured high-risk assets, namely cryptocurrencies, and once the dust settles from recent events crypto prices will start to \"bouy\" as \u201ccrude oil decline may fuel Bitcoin recovery.\u201d Reuters recently reported<\/a> that the Strategic Petroleum Reserve (SPR) fell to its lowest level in more than 35 years.<\/li><\/ul>\n\n\n\n
Price data from 2018-19 was compared to price data from today showing a similar benchmark where \"Bitcoin is at a discount within an elongated bull market.\"<\/li><\/ul>\n\n\n\n
$\""Too$
Bitcoin Price Data. Source: Bloomberg Intelligence<\/figcaption><\/figure>\n\n\n\n
In an interview<\/a> with Bell Media, McGlone believes that cryptocurrencies will continue to outperform traditional assets with declining volatility. He hints at being bullish on Bitcoin believing will put in a bottom at, or below $20,000 similar to 2018 and 2013 before going into an upward trajectory.<\/li><\/ul>\n\n\n\n
McGlone hinted at Ethereum becoming a large part of the financial system as the merge<\/a> approaches due to its ability to make tokenized assets<\/a> readily accessible to the public just like ETFs had done with traditional assets.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Will Return \u2013 Ruchir Sharma, The Chairman Of Rockefeller International<\/a><\/p>\n","post_title":"Bullish On Bitcoin, It's Trading At A Discount - Bloomberg Intelligence","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bullish-on-bitcoin-its-trading-at-a-discount-bloomberg-intelligence","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/ethereum-proof-of-stake-merge-set-for-mid-september\/\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/\nhttps:\/\/www.thedistributed.co\/bitcoin-will-return-ruchir-sharma-the-chairman-of-rockefeller-international\/","post_modified":"2023-04-11 00:07:57","post_modified_gmt":"2023-04-10 14:07:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7093","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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The Coins

Binance Coin (BNB)

December 8, 2022 - Updated on January 15, 2023

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

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November 24, 2024

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Follow The Distributed

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\n
Rubenstein, although not an investor in cryptocurrencies directly has been indirectly investing in them through companies that service the industry. \u201cI have not invested in cryptocurrencies. But I have invested in my family office through companies that service the industry,\" he states.<\/li><\/ul>\n\n\n\n
Although Rubenstein believes \"the industry is not going away anytime soon,\" he states that \"I can\u2019t pick which of the 18,000 cryptocurrencies are going to work. But I think the industry is not going away,\" as there are countless investors who've increasingly lobbied congress to prevent over-regulation.<\/li><\/ul>\n\n\n\n
Griffin asked \"What do you think about cryptocurrencies,\" Rubenstein responded that \"if it gives you pleasure to do the gambling allocate enough money that you can afford to lose, with crypto that was my view for some time...I now think that crypto is not going to go away the way some people have thought and while you can argue it's worthless in some respects, many things that people buy are maybe worthless.\"<\/li><\/ul>\n\n\n\n
The billionaire also believes that the reason so many people want to invest in crypto assets is to take some of the power away that the government and authorities have. \"They tend to be liking this thing that's anti-government, they want to have some of their assets and things that the government can't control or know what they're doing.\"<\/li><\/ul>\n\n\n\n
See Related: <\/em><\/strong>Bitcoins Bottom Is Likely In, Crypto Analyst Benjamin Cowen<\/a><\/p>\n\n\n\n
\nhttps:\/\/www.youtube.com\/watch?v=R-RHmKx9xTY\n<\/div><\/figure>\n","post_title":"Crypto Is Not Going Away, Billionaire David Rubenstein","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"crypto-is-not-going-away-billionaire-david-rubenstein","to_ping":"","pinged":"","post_modified":"2022-10-03 16:02:18","post_modified_gmt":"2022-10-03 05:02:18","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7480","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7348,"post_author":"1","post_date":"2022-09-25 00:12:26","post_date_gmt":"2022-09-24 14:12:26","post_content":"\n
Ethereum recently merged its proof-of-work (PoW) blockchain with its proof-of-stake (PoS) blockchain which reduced its energy consumption by 99.95% and made the network more scalable for future projects.<\/p>\n\n\n\n
At the recent Mainnet event, Ethereum co-founder Vitalik Buterin<\/a> was questioned<\/a> about PoS<\/a> as a consensus model. \"Should all networks move to PoS?\" Ryan Selkis<\/a> asked, Buterin replied that \"As PoS matures I would expect it to increase in legitimacy over time. I hope Zcash moves over and I am hopeful Dogecoin moves to PoS soon.\"<\/li><\/ul>\n\n\n\n
Zcash is a blockchain that focused heavily on user privacy with the company behind Zcash already detailing<\/a> how the privacy coin would transition to PoS. This may not be as simple due to the heavy decentralization of the network, comparing it to its launch<\/a> which had 6 pseudonymous identities all with a portion of the network's private key.<\/li><\/ul>\n\n\n\n
On the other hand, Dogecoin is a cryptocurrency that has grown heavily in popularity over the past few years despite launching to mock cryptocurrencies. Dogecoin is now commonly accepted by vendors and its developers have expressed interest in a PoS chain.<\/li><\/ul>\n\n\n\n
ZCash is currently trading at $57.59 and is the 54th largest token<\/a> by market cap. Dogecoin is currently trading at $0.066 and is the 10th largest token by ma<\/a>r<\/a>ket cap<\/a>.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Hopeful That ZCash And Dogecoin Move To PoS - Vitalik Buterin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hopeful-that-zcash-and-dogecoin-move-to-pos-vitalik-buterin","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/proof-of-stake\/\nhttps:\/\/www.thedistributed.co\/whistleblower-edward-snowden-played-a-key-role-in-the-creation-of-zcash\/","post_modified":"2023-04-30 21:30:23","post_modified_gmt":"2023-04-30 11:30:23","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7348","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7259,"post_author":"1","post_date":"2022-09-21 21:11:23","post_date_gmt":"2022-09-21 11:11:23","post_content":"\n
Katherine Polk Failla, a New York judge, has ordered<\/a> Tether to reveal the financial documents that prove its backing of the stable<\/a>c<\/a>oin<\/a>.<\/p>\n\n\n\n
Tether is required to provide the United States District Court for the Southern District of New York with \u201cgeneral ledgers, balance sheets, income statements, cash-flow statements, and profit and loss statements.\" The lawsuit alleges that Tether had conspired to artificially inflate the price of Bitcoin through a USDT campaign.<\/li><\/ul>\n\n\n\n
Tether has avoided providing these documents as they are \"sensitive\", although Failla justified the plaintiffs require the documents \"to asses the backing of USDT with US dollars...The documents sought in the transactions RFPs appear to go to one of Plaintiffs\u2019 core allegations: that the B\/T Defendants engaged in cyptocommodities transactions using unbacked USDT, and that those transactions \u201cwere strategically timed to inflate the market.\u2019\u201d<\/li><\/ul>\n\n\n\n
Tether is also required to cough up accounts and details related to accounts held with Bitfiniex, Bittrex, and Poloniex as apart of a case<\/a> against iFinex started in 2019 - the company behind Bitfinex and Tether.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Tethers Peso-Backed Stablecoin MXNT Launches In Mexico<\/a><\/p>\n","post_title":"Tether Ordered To Reveal USDTs Exact Backings","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tether-ordered-to-reveal-usdts-exact-backings","to_ping":"","pinged":"","post_modified":"2023-04-10 18:53:49","post_modified_gmt":"2023-04-10 08:53:49","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7259","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7229,"post_author":"1","post_date":"2022-09-20 22:22:55","post_date_gmt":"2022-09-20 12:22:55","post_content":"\n
Raoul Pal, a former executive at Goldman Sachs and macro expert believes that Ethereum could lead markets in the next bull cycle.<\/p>\n\n\n\n
Pal recently hosted<\/a> an ask me anything (AMA). Amongst various different questions, Pal predicted that \u201cas adoption keeps building, a lot of adoption spills outside of ETH into the Solana, Avalanche, and a bunch of other protocols as well.\" He added that \"we\u2019re going to see ETH lead the charge, and then we\u2019ll see this tail of stuff starting to come as we start a new bull market and generally things work that way.\u201d<\/p>\n\n\n\n
Pal is keeping his eye on one Ethereum competitor though. \u201cI think a lot of these layer ones this time around will be like ETH in the last cycle. They\u2019ll end up becoming very large dominant chains. Which ones? I don\u2019t really know. My bet is really on Solana, but it could be any of these.\" He added that he is \"watching them and waiting to see,\" tracking SOL\/ETH using a DeMark indicator.<\/p>\n\n\n\n
Pal also recommends listening to a broad base of opinions when doing research for the upcoming markets. \"You weigh them [varying opinions] yourself, how important is that to me?... Having people's opposite opinions, differences, and nuances, is really important for the macro scenario...Once you start listening to a lot of people you can start formulating your own opinions.\" <\/p>\n\n\n\n
He believes that you should follow what makes the most sense from your view - this added responsibility will likely form a better and stronger choice for yourself.<\/p>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n\n\n\n
\nhttps:\/\/www.youtube.com\/watch?v=H5j8mHKHScU\n<\/div>
Raoul Pal - Ask Me Anything<\/figcaption><\/figure>\n","post_title":"ETH Will Lead Charge Next Cycle Predicts Raoul Pal","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"eth-will-lead-charge-next-cycle-predicts-raoul-pal","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-misconceptions-with-the-ethereum-merge\/","post_modified":"2023-04-10 18:54:37","post_modified_gmt":"2023-04-10 08:54:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7229","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7153,"post_author":"1","post_date":"2022-09-19 20:57:39","post_date_gmt":"2022-09-19 10:57:39","post_content":"\n
Ethereum has just completed its merge<\/a> to a proof-of-stake<\/a> consensus from proof-of-work, could the primary source of validation bring in more institutional investors?<\/p>\n\n\n\n
\"They're [instiutional investors] looking for yield,\" said<\/a> FalconX CEO Raghu Yarlagadda in a recent interview with CoinDesk, \"with the ETH merge, the possibility of generating a sustainable, stable yield is interesting\" he added. <\/li><\/ul>\n\n\n\n
PoS is a consensus mechanism where transactions are validated through users staking their coins, in return for staking users will receive a small fee for playing their part. Currently, on Ethereum, this may yield users around 10-15% annually which makes it an alternative to typical bonds. <\/li><\/ul>\n\n\n\n
The reduced energy consumption could also make for a more eco-friendly investment in institutional eyes. Environmental, Social, and Governance (ESG) is a metric popular amongst various institutions, so Ethereum reducing its energy consumption by 99.95% and reducing<\/a> the world's energy consumption by 0.02% is a big plus.<\/li><\/ul>\n\n\n\n
Ethereum will also be more scarce now the merge has happened with annual issuance dropping ~90% to 600,000 per year and burning<\/a> of Ethereum transaction fees, along with staking taking even more Ethereum out of circulation.<\/li><\/ul>\n\n\n\n
Although it may attract institutional investors, using it in an institutional scene may not be the most efficient thing to do as of yet. Currently, Ethereum has 15 transactions per second (TP\/S) compared to VISA with ~1,700 and Solana at 2,300. The merge promises to make Ethereum more accessible which could bring scaling solutions to light that improve its lacking metrics.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Ethereum May Attract Institutional Investors \"Looking For Yield\"","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-may-attract-institutional-investors-looking-for-yield","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2023-04-10 18:54:55","post_modified_gmt":"2023-04-10 08:54:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7153","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7141,"post_author":"1","post_date":"2022-09-14 22:57:51","post_date_gmt":"2022-09-14 12:57:51","post_content":"\n
Do Kwon, co-founder of Terraform Labs has been issued an arrest warrant by a South Korean court in the wake of Terra Luna's collapse<\/a> earlier this year.<\/p>\n\n\n\n
A report<\/a> from South Korean news outlet Chosun Ilbo details that there were an additional 5 arrest warrants laid out. This includes Nicholas Platias, a founding member of Terraform Labs, and Han Mo, an employee. The charges being faced are for violating the Capital Markets Act. As prosecutors believe that Terra Luna falls under an \u201cinvestment contract security\u201d.<\/li><\/ul>\n\n\n\n
Although the warrant was issued by a South Korean court, key members of Terraform Labs including Kwon and the 5 other individuals are currently located in Singapore. As a result, the warrant is valid for the next year. This comes after South Korean authorities banned<\/a> Terra Luna's main designers from leaving the country.<\/li><\/ul>\n\n\n\n
After LUNA and sister stablecoin<\/a> UST collapsed earlier this year, investors were bought to outrage with a combined US$42B wiped out from the two coins alongside a 99.99% drop in price. In turn, investors were quick to sue Kwon and others for violating various laws and acts as rumors<\/a> were quick to spread in relation to the downfall.<\/li><\/ul>\n\n\n\n
See Related:<\/strong><\/em> War On Code \u2013 Tornado Cash Developer Alexey Pertsev Arrested<\/a><\/p>\n","post_title":"Terra's Do Kwon Wanted For Arrest By Seoul Court","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"terras-do-kwon-wanted-for-arrest-by-seoul-court","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-30 21:31:32","post_modified_gmt":"2023-04-30 11:31:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7141","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7107,"post_author":"1","post_date":"2022-09-12 21:36:27","post_date_gmt":"2022-09-12 11:36:27","post_content":"\n
Benjamin Cowen<\/a> is a well-regarded crypto analyst, using a historically accurate indicator he has found it likely that Bitcoin has hit its bottom or is very close to doing so.<\/p>\n\n\n\n
Cowen was recently featured<\/a> on Kitco News where he discussed his use of the metric. \"One of the interesting things about this chart is that historically, Bitcoin does not bottom until after they cross,\" he stated.<\/li><\/ul>\n\n\n\n
The indicator Cowen used is the Bitcoin Percentage Of Supply In Profit And Loss<\/a>. This indicates how many Bitcoins are at a profit or loss for their holders. Looking at the chart from a widened perspective Cowen shows how this metric has accompanied tops and bottoms over the long term.<\/li><\/ul>\n\n\n\n
Cowen added that they have recently just crossed each other and how the bottom typically occurs after they cross. \"When it comes up here, that\u2019s generally the time where you want to scale out when we\u2019re continuing to push those new all-time highs so to me this is an indicator that would suggest that if we did get another leg down there\u2019s a lot of evidence that could be the major bottom,\" he added.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bullish On Bitcoin, It\u2019s Trading At A Discount \u2013 Bloomberg Intelligence<\/a><\/p>\n\n\n\n
$\"Benjamin$
Benjamin Cowen Illustrating The Bitcoin Percentage Of Supply In Profit And Loss Metric Source: YouTube\/Kitco News<\/em><\/figcaption><\/figure>\n","post_title":"Bitcoins Bottom Is Likely In, Crypto Analyst Benjamin Cowen","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoins-bottom-is-likely-in-crypto-analyst-benjamin-cowen","to_ping":"","pinged":"","post_modified":"2023-04-11 00:07:43","post_modified_gmt":"2023-04-10 14:07:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7107","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7093,"post_author":"1","post_date":"2022-09-11 19:27:57","post_date_gmt":"2022-09-11 09:27:57","post_content":"\n
Mike McGlone is a senior strategist at Bloomberg Intelligence, has recently shared multiple on Twitter discussing various commodities and concerns related to the current state of markets worldwide.<\/p>\n\n\n\n
In one tweet McGlone outlined his September Crypto Outlook<\/a><\/em> where he believes that the world is leaning towards a recession in light of recent events including the tightening of interest rates by the Federal Reserve.<\/li><\/ul>\n\n\n\n
A key indicator that had encouraged the Fed's fight against inflation was the soar in energy prices. This pressured high-risk assets, namely cryptocurrencies, and once the dust settles from recent events crypto prices will start to \"bouy\" as \u201ccrude oil decline may fuel Bitcoin recovery.\u201d Reuters recently reported<\/a> that the Strategic Petroleum Reserve (SPR) fell to its lowest level in more than 35 years.<\/li><\/ul>\n\n\n\n
Price data from 2018-19 was compared to price data from today showing a similar benchmark where \"Bitcoin is at a discount within an elongated bull market.\"<\/li><\/ul>\n\n\n\n
$\""Too$
Bitcoin Price Data. Source: Bloomberg Intelligence<\/figcaption><\/figure>\n\n\n\n
In an interview<\/a> with Bell Media, McGlone believes that cryptocurrencies will continue to outperform traditional assets with declining volatility. He hints at being bullish on Bitcoin believing will put in a bottom at, or below $20,000 similar to 2018 and 2013 before going into an upward trajectory.<\/li><\/ul>\n\n\n\n
McGlone hinted at Ethereum becoming a large part of the financial system as the merge<\/a> approaches due to its ability to make tokenized assets<\/a> readily accessible to the public just like ETFs had done with traditional assets.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Will Return \u2013 Ruchir Sharma, The Chairman Of Rockefeller International<\/a><\/p>\n","post_title":"Bullish On Bitcoin, It's Trading At A Discount - Bloomberg Intelligence","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bullish-on-bitcoin-its-trading-at-a-discount-bloomberg-intelligence","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/ethereum-proof-of-stake-merge-set-for-mid-september\/\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/\nhttps:\/\/www.thedistributed.co\/bitcoin-will-return-ruchir-sharma-the-chairman-of-rockefeller-international\/","post_modified":"2023-04-11 00:07:57","post_modified_gmt":"2023-04-10 14:07:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7093","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
David Rubenstein, the billionaire co-founder\/chairman of The Carlyle Group was interviewed by fellow billionaire Ken Griffin to discuss<\/a> his view on crypto assets.<\/p>\n\n\n\n
Rubenstein, although not an investor in cryptocurrencies directly has been indirectly investing in them through companies that service the industry. \u201cI have not invested in cryptocurrencies. But I have invested in my family office through companies that service the industry,\" he states.<\/li><\/ul>\n\n\n\n
Although Rubenstein believes \"the industry is not going away anytime soon,\" he states that \"I can\u2019t pick which of the 18,000 cryptocurrencies are going to work. But I think the industry is not going away,\" as there are countless investors who've increasingly lobbied congress to prevent over-regulation.<\/li><\/ul>\n\n\n\n
Griffin asked \"What do you think about cryptocurrencies,\" Rubenstein responded that \"if it gives you pleasure to do the gambling allocate enough money that you can afford to lose, with crypto that was my view for some time...I now think that crypto is not going to go away the way some people have thought and while you can argue it's worthless in some respects, many things that people buy are maybe worthless.\"<\/li><\/ul>\n\n\n\n
The billionaire also believes that the reason so many people want to invest in crypto assets is to take some of the power away that the government and authorities have. \"They tend to be liking this thing that's anti-government, they want to have some of their assets and things that the government can't control or know what they're doing.\"<\/li><\/ul>\n\n\n\n
See Related: <\/em><\/strong>Bitcoins Bottom Is Likely In, Crypto Analyst Benjamin Cowen<\/a><\/p>\n\n\n\n
\nhttps:\/\/www.youtube.com\/watch?v=R-RHmKx9xTY\n<\/div><\/figure>\n","post_title":"Crypto Is Not Going Away, Billionaire David Rubenstein","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"crypto-is-not-going-away-billionaire-david-rubenstein","to_ping":"","pinged":"","post_modified":"2022-10-03 16:02:18","post_modified_gmt":"2022-10-03 05:02:18","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7480","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7348,"post_author":"1","post_date":"2022-09-25 00:12:26","post_date_gmt":"2022-09-24 14:12:26","post_content":"\n
Ethereum recently merged its proof-of-work (PoW) blockchain with its proof-of-stake (PoS) blockchain which reduced its energy consumption by 99.95% and made the network more scalable for future projects.<\/p>\n\n\n\n
At the recent Mainnet event, Ethereum co-founder Vitalik Buterin<\/a> was questioned<\/a> about PoS<\/a> as a consensus model. \"Should all networks move to PoS?\" Ryan Selkis<\/a> asked, Buterin replied that \"As PoS matures I would expect it to increase in legitimacy over time. I hope Zcash moves over and I am hopeful Dogecoin moves to PoS soon.\"<\/li><\/ul>\n\n\n\n
Zcash is a blockchain that focused heavily on user privacy with the company behind Zcash already detailing<\/a> how the privacy coin would transition to PoS. This may not be as simple due to the heavy decentralization of the network, comparing it to its launch<\/a> which had 6 pseudonymous identities all with a portion of the network's private key.<\/li><\/ul>\n\n\n\n
On the other hand, Dogecoin is a cryptocurrency that has grown heavily in popularity over the past few years despite launching to mock cryptocurrencies. Dogecoin is now commonly accepted by vendors and its developers have expressed interest in a PoS chain.<\/li><\/ul>\n\n\n\n
ZCash is currently trading at $57.59 and is the 54th largest token<\/a> by market cap. Dogecoin is currently trading at $0.066 and is the 10th largest token by ma<\/a>r<\/a>ket cap<\/a>.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Hopeful That ZCash And Dogecoin Move To PoS - Vitalik Buterin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hopeful-that-zcash-and-dogecoin-move-to-pos-vitalik-buterin","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/proof-of-stake\/\nhttps:\/\/www.thedistributed.co\/whistleblower-edward-snowden-played-a-key-role-in-the-creation-of-zcash\/","post_modified":"2023-04-30 21:30:23","post_modified_gmt":"2023-04-30 11:30:23","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7348","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7259,"post_author":"1","post_date":"2022-09-21 21:11:23","post_date_gmt":"2022-09-21 11:11:23","post_content":"\n
Katherine Polk Failla, a New York judge, has ordered<\/a> Tether to reveal the financial documents that prove its backing of the stable<\/a>c<\/a>oin<\/a>.<\/p>\n\n\n\n
Tether is required to provide the United States District Court for the Southern District of New York with \u201cgeneral ledgers, balance sheets, income statements, cash-flow statements, and profit and loss statements.\" The lawsuit alleges that Tether had conspired to artificially inflate the price of Bitcoin through a USDT campaign.<\/li><\/ul>\n\n\n\n
Tether has avoided providing these documents as they are \"sensitive\", although Failla justified the plaintiffs require the documents \"to asses the backing of USDT with US dollars...The documents sought in the transactions RFPs appear to go to one of Plaintiffs\u2019 core allegations: that the B\/T Defendants engaged in cyptocommodities transactions using unbacked USDT, and that those transactions \u201cwere strategically timed to inflate the market.\u2019\u201d<\/li><\/ul>\n\n\n\n
Tether is also required to cough up accounts and details related to accounts held with Bitfiniex, Bittrex, and Poloniex as apart of a case<\/a> against iFinex started in 2019 - the company behind Bitfinex and Tether.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Tethers Peso-Backed Stablecoin MXNT Launches In Mexico<\/a><\/p>\n","post_title":"Tether Ordered To Reveal USDTs Exact Backings","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tether-ordered-to-reveal-usdts-exact-backings","to_ping":"","pinged":"","post_modified":"2023-04-10 18:53:49","post_modified_gmt":"2023-04-10 08:53:49","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7259","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7229,"post_author":"1","post_date":"2022-09-20 22:22:55","post_date_gmt":"2022-09-20 12:22:55","post_content":"\n
Raoul Pal, a former executive at Goldman Sachs and macro expert believes that Ethereum could lead markets in the next bull cycle.<\/p>\n\n\n\n
Pal recently hosted<\/a> an ask me anything (AMA). Amongst various different questions, Pal predicted that \u201cas adoption keeps building, a lot of adoption spills outside of ETH into the Solana, Avalanche, and a bunch of other protocols as well.\" He added that \"we\u2019re going to see ETH lead the charge, and then we\u2019ll see this tail of stuff starting to come as we start a new bull market and generally things work that way.\u201d<\/p>\n\n\n\n
Pal is keeping his eye on one Ethereum competitor though. \u201cI think a lot of these layer ones this time around will be like ETH in the last cycle. They\u2019ll end up becoming very large dominant chains. Which ones? I don\u2019t really know. My bet is really on Solana, but it could be any of these.\" He added that he is \"watching them and waiting to see,\" tracking SOL\/ETH using a DeMark indicator.<\/p>\n\n\n\n
Pal also recommends listening to a broad base of opinions when doing research for the upcoming markets. \"You weigh them [varying opinions] yourself, how important is that to me?... Having people's opposite opinions, differences, and nuances, is really important for the macro scenario...Once you start listening to a lot of people you can start formulating your own opinions.\" <\/p>\n\n\n\n
He believes that you should follow what makes the most sense from your view - this added responsibility will likely form a better and stronger choice for yourself.<\/p>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n\n\n\n
\nhttps:\/\/www.youtube.com\/watch?v=H5j8mHKHScU\n<\/div>
Raoul Pal - Ask Me Anything<\/figcaption><\/figure>\n","post_title":"ETH Will Lead Charge Next Cycle Predicts Raoul Pal","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"eth-will-lead-charge-next-cycle-predicts-raoul-pal","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-misconceptions-with-the-ethereum-merge\/","post_modified":"2023-04-10 18:54:37","post_modified_gmt":"2023-04-10 08:54:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7229","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7153,"post_author":"1","post_date":"2022-09-19 20:57:39","post_date_gmt":"2022-09-19 10:57:39","post_content":"\n
Ethereum has just completed its merge<\/a> to a proof-of-stake<\/a> consensus from proof-of-work, could the primary source of validation bring in more institutional investors?<\/p>\n\n\n\n
\"They're [instiutional investors] looking for yield,\" said<\/a> FalconX CEO Raghu Yarlagadda in a recent interview with CoinDesk, \"with the ETH merge, the possibility of generating a sustainable, stable yield is interesting\" he added. <\/li><\/ul>\n\n\n\n
PoS is a consensus mechanism where transactions are validated through users staking their coins, in return for staking users will receive a small fee for playing their part. Currently, on Ethereum, this may yield users around 10-15% annually which makes it an alternative to typical bonds. <\/li><\/ul>\n\n\n\n
The reduced energy consumption could also make for a more eco-friendly investment in institutional eyes. Environmental, Social, and Governance (ESG) is a metric popular amongst various institutions, so Ethereum reducing its energy consumption by 99.95% and reducing<\/a> the world's energy consumption by 0.02% is a big plus.<\/li><\/ul>\n\n\n\n
Ethereum will also be more scarce now the merge has happened with annual issuance dropping ~90% to 600,000 per year and burning<\/a> of Ethereum transaction fees, along with staking taking even more Ethereum out of circulation.<\/li><\/ul>\n\n\n\n
Although it may attract institutional investors, using it in an institutional scene may not be the most efficient thing to do as of yet. Currently, Ethereum has 15 transactions per second (TP\/S) compared to VISA with ~1,700 and Solana at 2,300. The merge promises to make Ethereum more accessible which could bring scaling solutions to light that improve its lacking metrics.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Ethereum May Attract Institutional Investors \"Looking For Yield\"","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-may-attract-institutional-investors-looking-for-yield","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2023-04-10 18:54:55","post_modified_gmt":"2023-04-10 08:54:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7153","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7141,"post_author":"1","post_date":"2022-09-14 22:57:51","post_date_gmt":"2022-09-14 12:57:51","post_content":"\n
Do Kwon, co-founder of Terraform Labs has been issued an arrest warrant by a South Korean court in the wake of Terra Luna's collapse<\/a> earlier this year.<\/p>\n\n\n\n
A report<\/a> from South Korean news outlet Chosun Ilbo details that there were an additional 5 arrest warrants laid out. This includes Nicholas Platias, a founding member of Terraform Labs, and Han Mo, an employee. The charges being faced are for violating the Capital Markets Act. As prosecutors believe that Terra Luna falls under an \u201cinvestment contract security\u201d.<\/li><\/ul>\n\n\n\n
Although the warrant was issued by a South Korean court, key members of Terraform Labs including Kwon and the 5 other individuals are currently located in Singapore. As a result, the warrant is valid for the next year. This comes after South Korean authorities banned<\/a> Terra Luna's main designers from leaving the country.<\/li><\/ul>\n\n\n\n
After LUNA and sister stablecoin<\/a> UST collapsed earlier this year, investors were bought to outrage with a combined US$42B wiped out from the two coins alongside a 99.99% drop in price. In turn, investors were quick to sue Kwon and others for violating various laws and acts as rumors<\/a> were quick to spread in relation to the downfall.<\/li><\/ul>\n\n\n\n
See Related:<\/strong><\/em> War On Code \u2013 Tornado Cash Developer Alexey Pertsev Arrested<\/a><\/p>\n","post_title":"Terra's Do Kwon Wanted For Arrest By Seoul Court","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"terras-do-kwon-wanted-for-arrest-by-seoul-court","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-30 21:31:32","post_modified_gmt":"2023-04-30 11:31:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7141","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7107,"post_author":"1","post_date":"2022-09-12 21:36:27","post_date_gmt":"2022-09-12 11:36:27","post_content":"\n
Benjamin Cowen<\/a> is a well-regarded crypto analyst, using a historically accurate indicator he has found it likely that Bitcoin has hit its bottom or is very close to doing so.<\/p>\n\n\n\n
Cowen was recently featured<\/a> on Kitco News where he discussed his use of the metric. \"One of the interesting things about this chart is that historically, Bitcoin does not bottom until after they cross,\" he stated.<\/li><\/ul>\n\n\n\n
The indicator Cowen used is the Bitcoin Percentage Of Supply In Profit And Loss<\/a>. This indicates how many Bitcoins are at a profit or loss for their holders. Looking at the chart from a widened perspective Cowen shows how this metric has accompanied tops and bottoms over the long term.<\/li><\/ul>\n\n\n\n
Cowen added that they have recently just crossed each other and how the bottom typically occurs after they cross. \"When it comes up here, that\u2019s generally the time where you want to scale out when we\u2019re continuing to push those new all-time highs so to me this is an indicator that would suggest that if we did get another leg down there\u2019s a lot of evidence that could be the major bottom,\" he added.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bullish On Bitcoin, It\u2019s Trading At A Discount \u2013 Bloomberg Intelligence<\/a><\/p>\n\n\n\n
$\"Benjamin$
Benjamin Cowen Illustrating The Bitcoin Percentage Of Supply In Profit And Loss Metric Source: YouTube\/Kitco News<\/em><\/figcaption><\/figure>\n","post_title":"Bitcoins Bottom Is Likely In, Crypto Analyst Benjamin Cowen","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoins-bottom-is-likely-in-crypto-analyst-benjamin-cowen","to_ping":"","pinged":"","post_modified":"2023-04-11 00:07:43","post_modified_gmt":"2023-04-10 14:07:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7107","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7093,"post_author":"1","post_date":"2022-09-11 19:27:57","post_date_gmt":"2022-09-11 09:27:57","post_content":"\n
Mike McGlone is a senior strategist at Bloomberg Intelligence, has recently shared multiple on Twitter discussing various commodities and concerns related to the current state of markets worldwide.<\/p>\n\n\n\n
In one tweet McGlone outlined his September Crypto Outlook<\/a><\/em> where he believes that the world is leaning towards a recession in light of recent events including the tightening of interest rates by the Federal Reserve.<\/li><\/ul>\n\n\n\n
A key indicator that had encouraged the Fed's fight against inflation was the soar in energy prices. This pressured high-risk assets, namely cryptocurrencies, and once the dust settles from recent events crypto prices will start to \"bouy\" as \u201ccrude oil decline may fuel Bitcoin recovery.\u201d Reuters recently reported<\/a> that the Strategic Petroleum Reserve (SPR) fell to its lowest level in more than 35 years.<\/li><\/ul>\n\n\n\n
Price data from 2018-19 was compared to price data from today showing a similar benchmark where \"Bitcoin is at a discount within an elongated bull market.\"<\/li><\/ul>\n\n\n\n
$\""Too$
Bitcoin Price Data. Source: Bloomberg Intelligence<\/figcaption><\/figure>\n\n\n\n
In an interview<\/a> with Bell Media, McGlone believes that cryptocurrencies will continue to outperform traditional assets with declining volatility. He hints at being bullish on Bitcoin believing will put in a bottom at, or below $20,000 similar to 2018 and 2013 before going into an upward trajectory.<\/li><\/ul>\n\n\n\n
McGlone hinted at Ethereum becoming a large part of the financial system as the merge<\/a> approaches due to its ability to make tokenized assets<\/a> readily accessible to the public just like ETFs had done with traditional assets.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Will Return \u2013 Ruchir Sharma, The Chairman Of Rockefeller International<\/a><\/p>\n","post_title":"Bullish On Bitcoin, It's Trading At A Discount - Bloomberg Intelligence","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bullish-on-bitcoin-its-trading-at-a-discount-bloomberg-intelligence","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/ethereum-proof-of-stake-merge-set-for-mid-september\/\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/\nhttps:\/\/www.thedistributed.co\/bitcoin-will-return-ruchir-sharma-the-chairman-of-rockefeller-international\/","post_modified":"2023-04-11 00:07:57","post_modified_gmt":"2023-04-10 14:07:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7093","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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Binance Coin (BNB)

December 8, 2022 - Updated on January 15, 2023

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Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

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\n
See Related:<\/em><\/strong> Crypto Mining Is a Threat To The U.S. Climate Commitments And Goals, White House Appraised<\/a><\/p>\n","post_title":"Ripple Labs Partner With Thallo To Develop Carbon Credit Marketplace","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-labs-partner-with-thallo-to-develop-carbon-credit-marketplace","to_ping":"","pinged":"","post_modified":"2022-10-08 00:24:06","post_modified_gmt":"2022-10-07 13:24:06","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7530","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7480,"post_author":"1","post_date":"2022-10-02 00:26:44","post_date_gmt":"2022-10-01 14:26:44","post_content":"\n
David Rubenstein, the billionaire co-founder\/chairman of The Carlyle Group was interviewed by fellow billionaire Ken Griffin to discuss<\/a> his view on crypto assets.<\/p>\n\n\n\n
Rubenstein, although not an investor in cryptocurrencies directly has been indirectly investing in them through companies that service the industry. \u201cI have not invested in cryptocurrencies. But I have invested in my family office through companies that service the industry,\" he states.<\/li><\/ul>\n\n\n\n
Although Rubenstein believes \"the industry is not going away anytime soon,\" he states that \"I can\u2019t pick which of the 18,000 cryptocurrencies are going to work. But I think the industry is not going away,\" as there are countless investors who've increasingly lobbied congress to prevent over-regulation.<\/li><\/ul>\n\n\n\n
Griffin asked \"What do you think about cryptocurrencies,\" Rubenstein responded that \"if it gives you pleasure to do the gambling allocate enough money that you can afford to lose, with crypto that was my view for some time...I now think that crypto is not going to go away the way some people have thought and while you can argue it's worthless in some respects, many things that people buy are maybe worthless.\"<\/li><\/ul>\n\n\n\n
The billionaire also believes that the reason so many people want to invest in crypto assets is to take some of the power away that the government and authorities have. \"They tend to be liking this thing that's anti-government, they want to have some of their assets and things that the government can't control or know what they're doing.\"<\/li><\/ul>\n\n\n\n
See Related: <\/em><\/strong>Bitcoins Bottom Is Likely In, Crypto Analyst Benjamin Cowen<\/a><\/p>\n\n\n\n
\nhttps:\/\/www.youtube.com\/watch?v=R-RHmKx9xTY\n<\/div><\/figure>\n","post_title":"Crypto Is Not Going Away, Billionaire David Rubenstein","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"crypto-is-not-going-away-billionaire-david-rubenstein","to_ping":"","pinged":"","post_modified":"2022-10-03 16:02:18","post_modified_gmt":"2022-10-03 05:02:18","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7480","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7348,"post_author":"1","post_date":"2022-09-25 00:12:26","post_date_gmt":"2022-09-24 14:12:26","post_content":"\n
Ethereum recently merged its proof-of-work (PoW) blockchain with its proof-of-stake (PoS) blockchain which reduced its energy consumption by 99.95% and made the network more scalable for future projects.<\/p>\n\n\n\n
At the recent Mainnet event, Ethereum co-founder Vitalik Buterin<\/a> was questioned<\/a> about PoS<\/a> as a consensus model. \"Should all networks move to PoS?\" Ryan Selkis<\/a> asked, Buterin replied that \"As PoS matures I would expect it to increase in legitimacy over time. I hope Zcash moves over and I am hopeful Dogecoin moves to PoS soon.\"<\/li><\/ul>\n\n\n\n
Zcash is a blockchain that focused heavily on user privacy with the company behind Zcash already detailing<\/a> how the privacy coin would transition to PoS. This may not be as simple due to the heavy decentralization of the network, comparing it to its launch<\/a> which had 6 pseudonymous identities all with a portion of the network's private key.<\/li><\/ul>\n\n\n\n
On the other hand, Dogecoin is a cryptocurrency that has grown heavily in popularity over the past few years despite launching to mock cryptocurrencies. Dogecoin is now commonly accepted by vendors and its developers have expressed interest in a PoS chain.<\/li><\/ul>\n\n\n\n
ZCash is currently trading at $57.59 and is the 54th largest token<\/a> by market cap. Dogecoin is currently trading at $0.066 and is the 10th largest token by ma<\/a>r<\/a>ket cap<\/a>.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Hopeful That ZCash And Dogecoin Move To PoS - Vitalik Buterin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hopeful-that-zcash-and-dogecoin-move-to-pos-vitalik-buterin","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/proof-of-stake\/\nhttps:\/\/www.thedistributed.co\/whistleblower-edward-snowden-played-a-key-role-in-the-creation-of-zcash\/","post_modified":"2023-04-30 21:30:23","post_modified_gmt":"2023-04-30 11:30:23","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7348","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7259,"post_author":"1","post_date":"2022-09-21 21:11:23","post_date_gmt":"2022-09-21 11:11:23","post_content":"\n
Katherine Polk Failla, a New York judge, has ordered<\/a> Tether to reveal the financial documents that prove its backing of the stable<\/a>c<\/a>oin<\/a>.<\/p>\n\n\n\n
Tether is required to provide the United States District Court for the Southern District of New York with \u201cgeneral ledgers, balance sheets, income statements, cash-flow statements, and profit and loss statements.\" The lawsuit alleges that Tether had conspired to artificially inflate the price of Bitcoin through a USDT campaign.<\/li><\/ul>\n\n\n\n
Tether has avoided providing these documents as they are \"sensitive\", although Failla justified the plaintiffs require the documents \"to asses the backing of USDT with US dollars...The documents sought in the transactions RFPs appear to go to one of Plaintiffs\u2019 core allegations: that the B\/T Defendants engaged in cyptocommodities transactions using unbacked USDT, and that those transactions \u201cwere strategically timed to inflate the market.\u2019\u201d<\/li><\/ul>\n\n\n\n
Tether is also required to cough up accounts and details related to accounts held with Bitfiniex, Bittrex, and Poloniex as apart of a case<\/a> against iFinex started in 2019 - the company behind Bitfinex and Tether.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Tethers Peso-Backed Stablecoin MXNT Launches In Mexico<\/a><\/p>\n","post_title":"Tether Ordered To Reveal USDTs Exact Backings","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tether-ordered-to-reveal-usdts-exact-backings","to_ping":"","pinged":"","post_modified":"2023-04-10 18:53:49","post_modified_gmt":"2023-04-10 08:53:49","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7259","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7229,"post_author":"1","post_date":"2022-09-20 22:22:55","post_date_gmt":"2022-09-20 12:22:55","post_content":"\n
Raoul Pal, a former executive at Goldman Sachs and macro expert believes that Ethereum could lead markets in the next bull cycle.<\/p>\n\n\n\n
Pal recently hosted<\/a> an ask me anything (AMA). Amongst various different questions, Pal predicted that \u201cas adoption keeps building, a lot of adoption spills outside of ETH into the Solana, Avalanche, and a bunch of other protocols as well.\" He added that \"we\u2019re going to see ETH lead the charge, and then we\u2019ll see this tail of stuff starting to come as we start a new bull market and generally things work that way.\u201d<\/p>\n\n\n\n
Pal is keeping his eye on one Ethereum competitor though. \u201cI think a lot of these layer ones this time around will be like ETH in the last cycle. They\u2019ll end up becoming very large dominant chains. Which ones? I don\u2019t really know. My bet is really on Solana, but it could be any of these.\" He added that he is \"watching them and waiting to see,\" tracking SOL\/ETH using a DeMark indicator.<\/p>\n\n\n\n
Pal also recommends listening to a broad base of opinions when doing research for the upcoming markets. \"You weigh them [varying opinions] yourself, how important is that to me?... Having people's opposite opinions, differences, and nuances, is really important for the macro scenario...Once you start listening to a lot of people you can start formulating your own opinions.\" <\/p>\n\n\n\n
He believes that you should follow what makes the most sense from your view - this added responsibility will likely form a better and stronger choice for yourself.<\/p>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n\n\n\n
\nhttps:\/\/www.youtube.com\/watch?v=H5j8mHKHScU\n<\/div>
Raoul Pal - Ask Me Anything<\/figcaption><\/figure>\n","post_title":"ETH Will Lead Charge Next Cycle Predicts Raoul Pal","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"eth-will-lead-charge-next-cycle-predicts-raoul-pal","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-misconceptions-with-the-ethereum-merge\/","post_modified":"2023-04-10 18:54:37","post_modified_gmt":"2023-04-10 08:54:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7229","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7153,"post_author":"1","post_date":"2022-09-19 20:57:39","post_date_gmt":"2022-09-19 10:57:39","post_content":"\n
Ethereum has just completed its merge<\/a> to a proof-of-stake<\/a> consensus from proof-of-work, could the primary source of validation bring in more institutional investors?<\/p>\n\n\n\n
\"They're [instiutional investors] looking for yield,\" said<\/a> FalconX CEO Raghu Yarlagadda in a recent interview with CoinDesk, \"with the ETH merge, the possibility of generating a sustainable, stable yield is interesting\" he added. <\/li><\/ul>\n\n\n\n
PoS is a consensus mechanism where transactions are validated through users staking their coins, in return for staking users will receive a small fee for playing their part. Currently, on Ethereum, this may yield users around 10-15% annually which makes it an alternative to typical bonds. <\/li><\/ul>\n\n\n\n
The reduced energy consumption could also make for a more eco-friendly investment in institutional eyes. Environmental, Social, and Governance (ESG) is a metric popular amongst various institutions, so Ethereum reducing its energy consumption by 99.95% and reducing<\/a> the world's energy consumption by 0.02% is a big plus.<\/li><\/ul>\n\n\n\n
Ethereum will also be more scarce now the merge has happened with annual issuance dropping ~90% to 600,000 per year and burning<\/a> of Ethereum transaction fees, along with staking taking even more Ethereum out of circulation.<\/li><\/ul>\n\n\n\n
Although it may attract institutional investors, using it in an institutional scene may not be the most efficient thing to do as of yet. Currently, Ethereum has 15 transactions per second (TP\/S) compared to VISA with ~1,700 and Solana at 2,300. The merge promises to make Ethereum more accessible which could bring scaling solutions to light that improve its lacking metrics.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Ethereum May Attract Institutional Investors \"Looking For Yield\"","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-may-attract-institutional-investors-looking-for-yield","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2023-04-10 18:54:55","post_modified_gmt":"2023-04-10 08:54:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7153","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7141,"post_author":"1","post_date":"2022-09-14 22:57:51","post_date_gmt":"2022-09-14 12:57:51","post_content":"\n
Do Kwon, co-founder of Terraform Labs has been issued an arrest warrant by a South Korean court in the wake of Terra Luna's collapse<\/a> earlier this year.<\/p>\n\n\n\n
A report<\/a> from South Korean news outlet Chosun Ilbo details that there were an additional 5 arrest warrants laid out. This includes Nicholas Platias, a founding member of Terraform Labs, and Han Mo, an employee. The charges being faced are for violating the Capital Markets Act. As prosecutors believe that Terra Luna falls under an \u201cinvestment contract security\u201d.<\/li><\/ul>\n\n\n\n
Although the warrant was issued by a South Korean court, key members of Terraform Labs including Kwon and the 5 other individuals are currently located in Singapore. As a result, the warrant is valid for the next year. This comes after South Korean authorities banned<\/a> Terra Luna's main designers from leaving the country.<\/li><\/ul>\n\n\n\n
After LUNA and sister stablecoin<\/a> UST collapsed earlier this year, investors were bought to outrage with a combined US$42B wiped out from the two coins alongside a 99.99% drop in price. In turn, investors were quick to sue Kwon and others for violating various laws and acts as rumors<\/a> were quick to spread in relation to the downfall.<\/li><\/ul>\n\n\n\n
See Related:<\/strong><\/em> War On Code \u2013 Tornado Cash Developer Alexey Pertsev Arrested<\/a><\/p>\n","post_title":"Terra's Do Kwon Wanted For Arrest By Seoul Court","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"terras-do-kwon-wanted-for-arrest-by-seoul-court","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-30 21:31:32","post_modified_gmt":"2023-04-30 11:31:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7141","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7107,"post_author":"1","post_date":"2022-09-12 21:36:27","post_date_gmt":"2022-09-12 11:36:27","post_content":"\n
Benjamin Cowen<\/a> is a well-regarded crypto analyst, using a historically accurate indicator he has found it likely that Bitcoin has hit its bottom or is very close to doing so.<\/p>\n\n\n\n
Cowen was recently featured<\/a> on Kitco News where he discussed his use of the metric. \"One of the interesting things about this chart is that historically, Bitcoin does not bottom until after they cross,\" he stated.<\/li><\/ul>\n\n\n\n
The indicator Cowen used is the Bitcoin Percentage Of Supply In Profit And Loss<\/a>. This indicates how many Bitcoins are at a profit or loss for their holders. Looking at the chart from a widened perspective Cowen shows how this metric has accompanied tops and bottoms over the long term.<\/li><\/ul>\n\n\n\n
Cowen added that they have recently just crossed each other and how the bottom typically occurs after they cross. \"When it comes up here, that\u2019s generally the time where you want to scale out when we\u2019re continuing to push those new all-time highs so to me this is an indicator that would suggest that if we did get another leg down there\u2019s a lot of evidence that could be the major bottom,\" he added.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bullish On Bitcoin, It\u2019s Trading At A Discount \u2013 Bloomberg Intelligence<\/a><\/p>\n\n\n\n
$\"Benjamin$
Benjamin Cowen Illustrating The Bitcoin Percentage Of Supply In Profit And Loss Metric Source: YouTube\/Kitco News<\/em><\/figcaption><\/figure>\n","post_title":"Bitcoins Bottom Is Likely In, Crypto Analyst Benjamin Cowen","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoins-bottom-is-likely-in-crypto-analyst-benjamin-cowen","to_ping":"","pinged":"","post_modified":"2023-04-11 00:07:43","post_modified_gmt":"2023-04-10 14:07:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7107","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7093,"post_author":"1","post_date":"2022-09-11 19:27:57","post_date_gmt":"2022-09-11 09:27:57","post_content":"\n
Mike McGlone is a senior strategist at Bloomberg Intelligence, has recently shared multiple on Twitter discussing various commodities and concerns related to the current state of markets worldwide.<\/p>\n\n\n\n
In one tweet McGlone outlined his September Crypto Outlook<\/a><\/em> where he believes that the world is leaning towards a recession in light of recent events including the tightening of interest rates by the Federal Reserve.<\/li><\/ul>\n\n\n\n
A key indicator that had encouraged the Fed's fight against inflation was the soar in energy prices. This pressured high-risk assets, namely cryptocurrencies, and once the dust settles from recent events crypto prices will start to \"bouy\" as \u201ccrude oil decline may fuel Bitcoin recovery.\u201d Reuters recently reported<\/a> that the Strategic Petroleum Reserve (SPR) fell to its lowest level in more than 35 years.<\/li><\/ul>\n\n\n\n
Price data from 2018-19 was compared to price data from today showing a similar benchmark where \"Bitcoin is at a discount within an elongated bull market.\"<\/li><\/ul>\n\n\n\n
$\""Too$
Bitcoin Price Data. Source: Bloomberg Intelligence<\/figcaption><\/figure>\n\n\n\n
In an interview<\/a> with Bell Media, McGlone believes that cryptocurrencies will continue to outperform traditional assets with declining volatility. He hints at being bullish on Bitcoin believing will put in a bottom at, or below $20,000 similar to 2018 and 2013 before going into an upward trajectory.<\/li><\/ul>\n\n\n\n
McGlone hinted at Ethereum becoming a large part of the financial system as the merge<\/a> approaches due to its ability to make tokenized assets<\/a> readily accessible to the public just like ETFs had done with traditional assets.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Will Return \u2013 Ruchir Sharma, The Chairman Of Rockefeller International<\/a><\/p>\n","post_title":"Bullish On Bitcoin, It's Trading At A Discount - Bloomberg Intelligence","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bullish-on-bitcoin-its-trading-at-a-discount-bloomberg-intelligence","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/ethereum-proof-of-stake-merge-set-for-mid-september\/\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/\nhttps:\/\/www.thedistributed.co\/bitcoin-will-return-ruchir-sharma-the-chairman-of-rockefeller-international\/","post_modified":"2023-04-11 00:07:57","post_modified_gmt":"2023-04-10 14:07:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7093","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 15 16 17 18 19 … 41 Next

Most Read

The Coins

Binance Coin (BNB)

December 8, 2022 - Updated on January 15, 2023

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

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Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

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Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

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Follow The Distributed

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\n
Finally, the largest sector with 14 companies, the Innovation Partners<\/em>, are the companies that develop the key aspects of the marketplace including Chainlink, Celo Foundation and Filecoin Green.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Crypto Mining Is a Threat To The U.S. Climate Commitments And Goals, White House Appraised<\/a><\/p>\n","post_title":"Ripple Labs Partner With Thallo To Develop Carbon Credit Marketplace","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-labs-partner-with-thallo-to-develop-carbon-credit-marketplace","to_ping":"","pinged":"","post_modified":"2022-10-08 00:24:06","post_modified_gmt":"2022-10-07 13:24:06","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7530","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7480,"post_author":"1","post_date":"2022-10-02 00:26:44","post_date_gmt":"2022-10-01 14:26:44","post_content":"\n
David Rubenstein, the billionaire co-founder\/chairman of The Carlyle Group was interviewed by fellow billionaire Ken Griffin to discuss<\/a> his view on crypto assets.<\/p>\n\n\n\n
Rubenstein, although not an investor in cryptocurrencies directly has been indirectly investing in them through companies that service the industry. \u201cI have not invested in cryptocurrencies. But I have invested in my family office through companies that service the industry,\" he states.<\/li><\/ul>\n\n\n\n
Although Rubenstein believes \"the industry is not going away anytime soon,\" he states that \"I can\u2019t pick which of the 18,000 cryptocurrencies are going to work. But I think the industry is not going away,\" as there are countless investors who've increasingly lobbied congress to prevent over-regulation.<\/li><\/ul>\n\n\n\n
Griffin asked \"What do you think about cryptocurrencies,\" Rubenstein responded that \"if it gives you pleasure to do the gambling allocate enough money that you can afford to lose, with crypto that was my view for some time...I now think that crypto is not going to go away the way some people have thought and while you can argue it's worthless in some respects, many things that people buy are maybe worthless.\"<\/li><\/ul>\n\n\n\n
The billionaire also believes that the reason so many people want to invest in crypto assets is to take some of the power away that the government and authorities have. \"They tend to be liking this thing that's anti-government, they want to have some of their assets and things that the government can't control or know what they're doing.\"<\/li><\/ul>\n\n\n\n
See Related: <\/em><\/strong>Bitcoins Bottom Is Likely In, Crypto Analyst Benjamin Cowen<\/a><\/p>\n\n\n\n
\nhttps:\/\/www.youtube.com\/watch?v=R-RHmKx9xTY\n<\/div><\/figure>\n","post_title":"Crypto Is Not Going Away, Billionaire David Rubenstein","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"crypto-is-not-going-away-billionaire-david-rubenstein","to_ping":"","pinged":"","post_modified":"2022-10-03 16:02:18","post_modified_gmt":"2022-10-03 05:02:18","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7480","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7348,"post_author":"1","post_date":"2022-09-25 00:12:26","post_date_gmt":"2022-09-24 14:12:26","post_content":"\n
Ethereum recently merged its proof-of-work (PoW) blockchain with its proof-of-stake (PoS) blockchain which reduced its energy consumption by 99.95% and made the network more scalable for future projects.<\/p>\n\n\n\n
At the recent Mainnet event, Ethereum co-founder Vitalik Buterin<\/a> was questioned<\/a> about PoS<\/a> as a consensus model. \"Should all networks move to PoS?\" Ryan Selkis<\/a> asked, Buterin replied that \"As PoS matures I would expect it to increase in legitimacy over time. I hope Zcash moves over and I am hopeful Dogecoin moves to PoS soon.\"<\/li><\/ul>\n\n\n\n
Zcash is a blockchain that focused heavily on user privacy with the company behind Zcash already detailing<\/a> how the privacy coin would transition to PoS. This may not be as simple due to the heavy decentralization of the network, comparing it to its launch<\/a> which had 6 pseudonymous identities all with a portion of the network's private key.<\/li><\/ul>\n\n\n\n
On the other hand, Dogecoin is a cryptocurrency that has grown heavily in popularity over the past few years despite launching to mock cryptocurrencies. Dogecoin is now commonly accepted by vendors and its developers have expressed interest in a PoS chain.<\/li><\/ul>\n\n\n\n
ZCash is currently trading at $57.59 and is the 54th largest token<\/a> by market cap. Dogecoin is currently trading at $0.066 and is the 10th largest token by ma<\/a>r<\/a>ket cap<\/a>.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Hopeful That ZCash And Dogecoin Move To PoS - Vitalik Buterin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hopeful-that-zcash-and-dogecoin-move-to-pos-vitalik-buterin","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/proof-of-stake\/\nhttps:\/\/www.thedistributed.co\/whistleblower-edward-snowden-played-a-key-role-in-the-creation-of-zcash\/","post_modified":"2023-04-30 21:30:23","post_modified_gmt":"2023-04-30 11:30:23","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7348","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7259,"post_author":"1","post_date":"2022-09-21 21:11:23","post_date_gmt":"2022-09-21 11:11:23","post_content":"\n
Katherine Polk Failla, a New York judge, has ordered<\/a> Tether to reveal the financial documents that prove its backing of the stable<\/a>c<\/a>oin<\/a>.<\/p>\n\n\n\n
Tether is required to provide the United States District Court for the Southern District of New York with \u201cgeneral ledgers, balance sheets, income statements, cash-flow statements, and profit and loss statements.\" The lawsuit alleges that Tether had conspired to artificially inflate the price of Bitcoin through a USDT campaign.<\/li><\/ul>\n\n\n\n
Tether has avoided providing these documents as they are \"sensitive\", although Failla justified the plaintiffs require the documents \"to asses the backing of USDT with US dollars...The documents sought in the transactions RFPs appear to go to one of Plaintiffs\u2019 core allegations: that the B\/T Defendants engaged in cyptocommodities transactions using unbacked USDT, and that those transactions \u201cwere strategically timed to inflate the market.\u2019\u201d<\/li><\/ul>\n\n\n\n
Tether is also required to cough up accounts and details related to accounts held with Bitfiniex, Bittrex, and Poloniex as apart of a case<\/a> against iFinex started in 2019 - the company behind Bitfinex and Tether.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Tethers Peso-Backed Stablecoin MXNT Launches In Mexico<\/a><\/p>\n","post_title":"Tether Ordered To Reveal USDTs Exact Backings","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tether-ordered-to-reveal-usdts-exact-backings","to_ping":"","pinged":"","post_modified":"2023-04-10 18:53:49","post_modified_gmt":"2023-04-10 08:53:49","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7259","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7229,"post_author":"1","post_date":"2022-09-20 22:22:55","post_date_gmt":"2022-09-20 12:22:55","post_content":"\n
Raoul Pal, a former executive at Goldman Sachs and macro expert believes that Ethereum could lead markets in the next bull cycle.<\/p>\n\n\n\n
Pal recently hosted<\/a> an ask me anything (AMA). Amongst various different questions, Pal predicted that \u201cas adoption keeps building, a lot of adoption spills outside of ETH into the Solana, Avalanche, and a bunch of other protocols as well.\" He added that \"we\u2019re going to see ETH lead the charge, and then we\u2019ll see this tail of stuff starting to come as we start a new bull market and generally things work that way.\u201d<\/p>\n\n\n\n
Pal is keeping his eye on one Ethereum competitor though. \u201cI think a lot of these layer ones this time around will be like ETH in the last cycle. They\u2019ll end up becoming very large dominant chains. Which ones? I don\u2019t really know. My bet is really on Solana, but it could be any of these.\" He added that he is \"watching them and waiting to see,\" tracking SOL\/ETH using a DeMark indicator.<\/p>\n\n\n\n
Pal also recommends listening to a broad base of opinions when doing research for the upcoming markets. \"You weigh them [varying opinions] yourself, how important is that to me?... Having people's opposite opinions, differences, and nuances, is really important for the macro scenario...Once you start listening to a lot of people you can start formulating your own opinions.\" <\/p>\n\n\n\n
He believes that you should follow what makes the most sense from your view - this added responsibility will likely form a better and stronger choice for yourself.<\/p>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n\n\n\n
\nhttps:\/\/www.youtube.com\/watch?v=H5j8mHKHScU\n<\/div>
Raoul Pal - Ask Me Anything<\/figcaption><\/figure>\n","post_title":"ETH Will Lead Charge Next Cycle Predicts Raoul Pal","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"eth-will-lead-charge-next-cycle-predicts-raoul-pal","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-misconceptions-with-the-ethereum-merge\/","post_modified":"2023-04-10 18:54:37","post_modified_gmt":"2023-04-10 08:54:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7229","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7153,"post_author":"1","post_date":"2022-09-19 20:57:39","post_date_gmt":"2022-09-19 10:57:39","post_content":"\n
Ethereum has just completed its merge<\/a> to a proof-of-stake<\/a> consensus from proof-of-work, could the primary source of validation bring in more institutional investors?<\/p>\n\n\n\n
\"They're [instiutional investors] looking for yield,\" said<\/a> FalconX CEO Raghu Yarlagadda in a recent interview with CoinDesk, \"with the ETH merge, the possibility of generating a sustainable, stable yield is interesting\" he added. <\/li><\/ul>\n\n\n\n
PoS is a consensus mechanism where transactions are validated through users staking their coins, in return for staking users will receive a small fee for playing their part. Currently, on Ethereum, this may yield users around 10-15% annually which makes it an alternative to typical bonds. <\/li><\/ul>\n\n\n\n
The reduced energy consumption could also make for a more eco-friendly investment in institutional eyes. Environmental, Social, and Governance (ESG) is a metric popular amongst various institutions, so Ethereum reducing its energy consumption by 99.95% and reducing<\/a> the world's energy consumption by 0.02% is a big plus.<\/li><\/ul>\n\n\n\n
Ethereum will also be more scarce now the merge has happened with annual issuance dropping ~90% to 600,000 per year and burning<\/a> of Ethereum transaction fees, along with staking taking even more Ethereum out of circulation.<\/li><\/ul>\n\n\n\n
Although it may attract institutional investors, using it in an institutional scene may not be the most efficient thing to do as of yet. Currently, Ethereum has 15 transactions per second (TP\/S) compared to VISA with ~1,700 and Solana at 2,300. The merge promises to make Ethereum more accessible which could bring scaling solutions to light that improve its lacking metrics.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Ethereum May Attract Institutional Investors \"Looking For Yield\"","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-may-attract-institutional-investors-looking-for-yield","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2023-04-10 18:54:55","post_modified_gmt":"2023-04-10 08:54:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7153","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7141,"post_author":"1","post_date":"2022-09-14 22:57:51","post_date_gmt":"2022-09-14 12:57:51","post_content":"\n
Do Kwon, co-founder of Terraform Labs has been issued an arrest warrant by a South Korean court in the wake of Terra Luna's collapse<\/a> earlier this year.<\/p>\n\n\n\n
A report<\/a> from South Korean news outlet Chosun Ilbo details that there were an additional 5 arrest warrants laid out. This includes Nicholas Platias, a founding member of Terraform Labs, and Han Mo, an employee. The charges being faced are for violating the Capital Markets Act. As prosecutors believe that Terra Luna falls under an \u201cinvestment contract security\u201d.<\/li><\/ul>\n\n\n\n
Although the warrant was issued by a South Korean court, key members of Terraform Labs including Kwon and the 5 other individuals are currently located in Singapore. As a result, the warrant is valid for the next year. This comes after South Korean authorities banned<\/a> Terra Luna's main designers from leaving the country.<\/li><\/ul>\n\n\n\n
After LUNA and sister stablecoin<\/a> UST collapsed earlier this year, investors were bought to outrage with a combined US$42B wiped out from the two coins alongside a 99.99% drop in price. In turn, investors were quick to sue Kwon and others for violating various laws and acts as rumors<\/a> were quick to spread in relation to the downfall.<\/li><\/ul>\n\n\n\n
See Related:<\/strong><\/em> War On Code \u2013 Tornado Cash Developer Alexey Pertsev Arrested<\/a><\/p>\n","post_title":"Terra's Do Kwon Wanted For Arrest By Seoul Court","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"terras-do-kwon-wanted-for-arrest-by-seoul-court","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-30 21:31:32","post_modified_gmt":"2023-04-30 11:31:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7141","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7107,"post_author":"1","post_date":"2022-09-12 21:36:27","post_date_gmt":"2022-09-12 11:36:27","post_content":"\n
Benjamin Cowen<\/a> is a well-regarded crypto analyst, using a historically accurate indicator he has found it likely that Bitcoin has hit its bottom or is very close to doing so.<\/p>\n\n\n\n
Cowen was recently featured<\/a> on Kitco News where he discussed his use of the metric. \"One of the interesting things about this chart is that historically, Bitcoin does not bottom until after they cross,\" he stated.<\/li><\/ul>\n\n\n\n
The indicator Cowen used is the Bitcoin Percentage Of Supply In Profit And Loss<\/a>. This indicates how many Bitcoins are at a profit or loss for their holders. Looking at the chart from a widened perspective Cowen shows how this metric has accompanied tops and bottoms over the long term.<\/li><\/ul>\n\n\n\n
Cowen added that they have recently just crossed each other and how the bottom typically occurs after they cross. \"When it comes up here, that\u2019s generally the time where you want to scale out when we\u2019re continuing to push those new all-time highs so to me this is an indicator that would suggest that if we did get another leg down there\u2019s a lot of evidence that could be the major bottom,\" he added.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bullish On Bitcoin, It\u2019s Trading At A Discount \u2013 Bloomberg Intelligence<\/a><\/p>\n\n\n\n
$\"Benjamin$
Benjamin Cowen Illustrating The Bitcoin Percentage Of Supply In Profit And Loss Metric Source: YouTube\/Kitco News<\/em><\/figcaption><\/figure>\n","post_title":"Bitcoins Bottom Is Likely In, Crypto Analyst Benjamin Cowen","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoins-bottom-is-likely-in-crypto-analyst-benjamin-cowen","to_ping":"","pinged":"","post_modified":"2023-04-11 00:07:43","post_modified_gmt":"2023-04-10 14:07:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7107","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7093,"post_author":"1","post_date":"2022-09-11 19:27:57","post_date_gmt":"2022-09-11 09:27:57","post_content":"\n
Mike McGlone is a senior strategist at Bloomberg Intelligence, has recently shared multiple on Twitter discussing various commodities and concerns related to the current state of markets worldwide.<\/p>\n\n\n\n
In one tweet McGlone outlined his September Crypto Outlook<\/a><\/em> where he believes that the world is leaning towards a recession in light of recent events including the tightening of interest rates by the Federal Reserve.<\/li><\/ul>\n\n\n\n
A key indicator that had encouraged the Fed's fight against inflation was the soar in energy prices. This pressured high-risk assets, namely cryptocurrencies, and once the dust settles from recent events crypto prices will start to \"bouy\" as \u201ccrude oil decline may fuel Bitcoin recovery.\u201d Reuters recently reported<\/a> that the Strategic Petroleum Reserve (SPR) fell to its lowest level in more than 35 years.<\/li><\/ul>\n\n\n\n
Price data from 2018-19 was compared to price data from today showing a similar benchmark where \"Bitcoin is at a discount within an elongated bull market.\"<\/li><\/ul>\n\n\n\n
$\""Too$
Bitcoin Price Data. Source: Bloomberg Intelligence<\/figcaption><\/figure>\n\n\n\n
In an interview<\/a> with Bell Media, McGlone believes that cryptocurrencies will continue to outperform traditional assets with declining volatility. He hints at being bullish on Bitcoin believing will put in a bottom at, or below $20,000 similar to 2018 and 2013 before going into an upward trajectory.<\/li><\/ul>\n\n\n\n
McGlone hinted at Ethereum becoming a large part of the financial system as the merge<\/a> approaches due to its ability to make tokenized assets<\/a> readily accessible to the public just like ETFs had done with traditional assets.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Will Return \u2013 Ruchir Sharma, The Chairman Of Rockefeller International<\/a><\/p>\n","post_title":"Bullish On Bitcoin, It's Trading At A Discount - Bloomberg Intelligence","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bullish-on-bitcoin-its-trading-at-a-discount-bloomberg-intelligence","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/ethereum-proof-of-stake-merge-set-for-mid-september\/\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/\nhttps:\/\/www.thedistributed.co\/bitcoin-will-return-ruchir-sharma-the-chairman-of-rockefeller-international\/","post_modified":"2023-04-11 00:07:57","post_modified_gmt":"2023-04-10 14:07:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7093","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
The second sector is the Integrity Partners<\/em> which are academic instiutions, non-profits, and associations which aim to scale carbon markets with integrity such as Carbon Business Council and Crypto Climate Accord.<\/li><\/ul>\n\n\n\n
Finally, the largest sector with 14 companies, the Innovation Partners<\/em>, are the companies that develop the key aspects of the marketplace including Chainlink, Celo Foundation and Filecoin Green.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Crypto Mining Is a Threat To The U.S. Climate Commitments And Goals, White House Appraised<\/a><\/p>\n","post_title":"Ripple Labs Partner With Thallo To Develop Carbon Credit Marketplace","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-labs-partner-with-thallo-to-develop-carbon-credit-marketplace","to_ping":"","pinged":"","post_modified":"2022-10-08 00:24:06","post_modified_gmt":"2022-10-07 13:24:06","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7530","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7480,"post_author":"1","post_date":"2022-10-02 00:26:44","post_date_gmt":"2022-10-01 14:26:44","post_content":"\n
David Rubenstein, the billionaire co-founder\/chairman of The Carlyle Group was interviewed by fellow billionaire Ken Griffin to discuss<\/a> his view on crypto assets.<\/p>\n\n\n\n
Rubenstein, although not an investor in cryptocurrencies directly has been indirectly investing in them through companies that service the industry. \u201cI have not invested in cryptocurrencies. But I have invested in my family office through companies that service the industry,\" he states.<\/li><\/ul>\n\n\n\n
Although Rubenstein believes \"the industry is not going away anytime soon,\" he states that \"I can\u2019t pick which of the 18,000 cryptocurrencies are going to work. But I think the industry is not going away,\" as there are countless investors who've increasingly lobbied congress to prevent over-regulation.<\/li><\/ul>\n\n\n\n
Griffin asked \"What do you think about cryptocurrencies,\" Rubenstein responded that \"if it gives you pleasure to do the gambling allocate enough money that you can afford to lose, with crypto that was my view for some time...I now think that crypto is not going to go away the way some people have thought and while you can argue it's worthless in some respects, many things that people buy are maybe worthless.\"<\/li><\/ul>\n\n\n\n
The billionaire also believes that the reason so many people want to invest in crypto assets is to take some of the power away that the government and authorities have. \"They tend to be liking this thing that's anti-government, they want to have some of their assets and things that the government can't control or know what they're doing.\"<\/li><\/ul>\n\n\n\n
See Related: <\/em><\/strong>Bitcoins Bottom Is Likely In, Crypto Analyst Benjamin Cowen<\/a><\/p>\n\n\n\n
\nhttps:\/\/www.youtube.com\/watch?v=R-RHmKx9xTY\n<\/div><\/figure>\n","post_title":"Crypto Is Not Going Away, Billionaire David Rubenstein","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"crypto-is-not-going-away-billionaire-david-rubenstein","to_ping":"","pinged":"","post_modified":"2022-10-03 16:02:18","post_modified_gmt":"2022-10-03 05:02:18","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7480","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7348,"post_author":"1","post_date":"2022-09-25 00:12:26","post_date_gmt":"2022-09-24 14:12:26","post_content":"\n
Ethereum recently merged its proof-of-work (PoW) blockchain with its proof-of-stake (PoS) blockchain which reduced its energy consumption by 99.95% and made the network more scalable for future projects.<\/p>\n\n\n\n
At the recent Mainnet event, Ethereum co-founder Vitalik Buterin<\/a> was questioned<\/a> about PoS<\/a> as a consensus model. \"Should all networks move to PoS?\" Ryan Selkis<\/a> asked, Buterin replied that \"As PoS matures I would expect it to increase in legitimacy over time. I hope Zcash moves over and I am hopeful Dogecoin moves to PoS soon.\"<\/li><\/ul>\n\n\n\n
Zcash is a blockchain that focused heavily on user privacy with the company behind Zcash already detailing<\/a> how the privacy coin would transition to PoS. This may not be as simple due to the heavy decentralization of the network, comparing it to its launch<\/a> which had 6 pseudonymous identities all with a portion of the network's private key.<\/li><\/ul>\n\n\n\n
On the other hand, Dogecoin is a cryptocurrency that has grown heavily in popularity over the past few years despite launching to mock cryptocurrencies. Dogecoin is now commonly accepted by vendors and its developers have expressed interest in a PoS chain.<\/li><\/ul>\n\n\n\n
ZCash is currently trading at $57.59 and is the 54th largest token<\/a> by market cap. Dogecoin is currently trading at $0.066 and is the 10th largest token by ma<\/a>r<\/a>ket cap<\/a>.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Hopeful That ZCash And Dogecoin Move To PoS - Vitalik Buterin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hopeful-that-zcash-and-dogecoin-move-to-pos-vitalik-buterin","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/proof-of-stake\/\nhttps:\/\/www.thedistributed.co\/whistleblower-edward-snowden-played-a-key-role-in-the-creation-of-zcash\/","post_modified":"2023-04-30 21:30:23","post_modified_gmt":"2023-04-30 11:30:23","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7348","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7259,"post_author":"1","post_date":"2022-09-21 21:11:23","post_date_gmt":"2022-09-21 11:11:23","post_content":"\n
Katherine Polk Failla, a New York judge, has ordered<\/a> Tether to reveal the financial documents that prove its backing of the stable<\/a>c<\/a>oin<\/a>.<\/p>\n\n\n\n
Tether is required to provide the United States District Court for the Southern District of New York with \u201cgeneral ledgers, balance sheets, income statements, cash-flow statements, and profit and loss statements.\" The lawsuit alleges that Tether had conspired to artificially inflate the price of Bitcoin through a USDT campaign.<\/li><\/ul>\n\n\n\n
Tether has avoided providing these documents as they are \"sensitive\", although Failla justified the plaintiffs require the documents \"to asses the backing of USDT with US dollars...The documents sought in the transactions RFPs appear to go to one of Plaintiffs\u2019 core allegations: that the B\/T Defendants engaged in cyptocommodities transactions using unbacked USDT, and that those transactions \u201cwere strategically timed to inflate the market.\u2019\u201d<\/li><\/ul>\n\n\n\n
Tether is also required to cough up accounts and details related to accounts held with Bitfiniex, Bittrex, and Poloniex as apart of a case<\/a> against iFinex started in 2019 - the company behind Bitfinex and Tether.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Tethers Peso-Backed Stablecoin MXNT Launches In Mexico<\/a><\/p>\n","post_title":"Tether Ordered To Reveal USDTs Exact Backings","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tether-ordered-to-reveal-usdts-exact-backings","to_ping":"","pinged":"","post_modified":"2023-04-10 18:53:49","post_modified_gmt":"2023-04-10 08:53:49","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7259","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7229,"post_author":"1","post_date":"2022-09-20 22:22:55","post_date_gmt":"2022-09-20 12:22:55","post_content":"\n
Raoul Pal, a former executive at Goldman Sachs and macro expert believes that Ethereum could lead markets in the next bull cycle.<\/p>\n\n\n\n
Pal recently hosted<\/a> an ask me anything (AMA). Amongst various different questions, Pal predicted that \u201cas adoption keeps building, a lot of adoption spills outside of ETH into the Solana, Avalanche, and a bunch of other protocols as well.\" He added that \"we\u2019re going to see ETH lead the charge, and then we\u2019ll see this tail of stuff starting to come as we start a new bull market and generally things work that way.\u201d<\/p>\n\n\n\n
Pal is keeping his eye on one Ethereum competitor though. \u201cI think a lot of these layer ones this time around will be like ETH in the last cycle. They\u2019ll end up becoming very large dominant chains. Which ones? I don\u2019t really know. My bet is really on Solana, but it could be any of these.\" He added that he is \"watching them and waiting to see,\" tracking SOL\/ETH using a DeMark indicator.<\/p>\n\n\n\n
Pal also recommends listening to a broad base of opinions when doing research for the upcoming markets. \"You weigh them [varying opinions] yourself, how important is that to me?... Having people's opposite opinions, differences, and nuances, is really important for the macro scenario...Once you start listening to a lot of people you can start formulating your own opinions.\" <\/p>\n\n\n\n
He believes that you should follow what makes the most sense from your view - this added responsibility will likely form a better and stronger choice for yourself.<\/p>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n\n\n\n
\nhttps:\/\/www.youtube.com\/watch?v=H5j8mHKHScU\n<\/div>
Raoul Pal - Ask Me Anything<\/figcaption><\/figure>\n","post_title":"ETH Will Lead Charge Next Cycle Predicts Raoul Pal","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"eth-will-lead-charge-next-cycle-predicts-raoul-pal","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-misconceptions-with-the-ethereum-merge\/","post_modified":"2023-04-10 18:54:37","post_modified_gmt":"2023-04-10 08:54:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7229","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7153,"post_author":"1","post_date":"2022-09-19 20:57:39","post_date_gmt":"2022-09-19 10:57:39","post_content":"\n
Ethereum has just completed its merge<\/a> to a proof-of-stake<\/a> consensus from proof-of-work, could the primary source of validation bring in more institutional investors?<\/p>\n\n\n\n
\"They're [instiutional investors] looking for yield,\" said<\/a> FalconX CEO Raghu Yarlagadda in a recent interview with CoinDesk, \"with the ETH merge, the possibility of generating a sustainable, stable yield is interesting\" he added. <\/li><\/ul>\n\n\n\n
PoS is a consensus mechanism where transactions are validated through users staking their coins, in return for staking users will receive a small fee for playing their part. Currently, on Ethereum, this may yield users around 10-15% annually which makes it an alternative to typical bonds. <\/li><\/ul>\n\n\n\n
The reduced energy consumption could also make for a more eco-friendly investment in institutional eyes. Environmental, Social, and Governance (ESG) is a metric popular amongst various institutions, so Ethereum reducing its energy consumption by 99.95% and reducing<\/a> the world's energy consumption by 0.02% is a big plus.<\/li><\/ul>\n\n\n\n
Ethereum will also be more scarce now the merge has happened with annual issuance dropping ~90% to 600,000 per year and burning<\/a> of Ethereum transaction fees, along with staking taking even more Ethereum out of circulation.<\/li><\/ul>\n\n\n\n
Although it may attract institutional investors, using it in an institutional scene may not be the most efficient thing to do as of yet. Currently, Ethereum has 15 transactions per second (TP\/S) compared to VISA with ~1,700 and Solana at 2,300. The merge promises to make Ethereum more accessible which could bring scaling solutions to light that improve its lacking metrics.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Ethereum May Attract Institutional Investors \"Looking For Yield\"","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-may-attract-institutional-investors-looking-for-yield","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2023-04-10 18:54:55","post_modified_gmt":"2023-04-10 08:54:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7153","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7141,"post_author":"1","post_date":"2022-09-14 22:57:51","post_date_gmt":"2022-09-14 12:57:51","post_content":"\n
Do Kwon, co-founder of Terraform Labs has been issued an arrest warrant by a South Korean court in the wake of Terra Luna's collapse<\/a> earlier this year.<\/p>\n\n\n\n
A report<\/a> from South Korean news outlet Chosun Ilbo details that there were an additional 5 arrest warrants laid out. This includes Nicholas Platias, a founding member of Terraform Labs, and Han Mo, an employee. The charges being faced are for violating the Capital Markets Act. As prosecutors believe that Terra Luna falls under an \u201cinvestment contract security\u201d.<\/li><\/ul>\n\n\n\n
Although the warrant was issued by a South Korean court, key members of Terraform Labs including Kwon and the 5 other individuals are currently located in Singapore. As a result, the warrant is valid for the next year. This comes after South Korean authorities banned<\/a> Terra Luna's main designers from leaving the country.<\/li><\/ul>\n\n\n\n
After LUNA and sister stablecoin<\/a> UST collapsed earlier this year, investors were bought to outrage with a combined US$42B wiped out from the two coins alongside a 99.99% drop in price. In turn, investors were quick to sue Kwon and others for violating various laws and acts as rumors<\/a> were quick to spread in relation to the downfall.<\/li><\/ul>\n\n\n\n
See Related:<\/strong><\/em> War On Code \u2013 Tornado Cash Developer Alexey Pertsev Arrested<\/a><\/p>\n","post_title":"Terra's Do Kwon Wanted For Arrest By Seoul Court","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"terras-do-kwon-wanted-for-arrest-by-seoul-court","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-30 21:31:32","post_modified_gmt":"2023-04-30 11:31:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7141","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7107,"post_author":"1","post_date":"2022-09-12 21:36:27","post_date_gmt":"2022-09-12 11:36:27","post_content":"\n
Benjamin Cowen<\/a> is a well-regarded crypto analyst, using a historically accurate indicator he has found it likely that Bitcoin has hit its bottom or is very close to doing so.<\/p>\n\n\n\n
Cowen was recently featured<\/a> on Kitco News where he discussed his use of the metric. \"One of the interesting things about this chart is that historically, Bitcoin does not bottom until after they cross,\" he stated.<\/li><\/ul>\n\n\n\n
The indicator Cowen used is the Bitcoin Percentage Of Supply In Profit And Loss<\/a>. This indicates how many Bitcoins are at a profit or loss for their holders. Looking at the chart from a widened perspective Cowen shows how this metric has accompanied tops and bottoms over the long term.<\/li><\/ul>\n\n\n\n
Cowen added that they have recently just crossed each other and how the bottom typically occurs after they cross. \"When it comes up here, that\u2019s generally the time where you want to scale out when we\u2019re continuing to push those new all-time highs so to me this is an indicator that would suggest that if we did get another leg down there\u2019s a lot of evidence that could be the major bottom,\" he added.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bullish On Bitcoin, It\u2019s Trading At A Discount \u2013 Bloomberg Intelligence<\/a><\/p>\n\n\n\n
$\"Benjamin$
Benjamin Cowen Illustrating The Bitcoin Percentage Of Supply In Profit And Loss Metric Source: YouTube\/Kitco News<\/em><\/figcaption><\/figure>\n","post_title":"Bitcoins Bottom Is Likely In, Crypto Analyst Benjamin Cowen","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoins-bottom-is-likely-in-crypto-analyst-benjamin-cowen","to_ping":"","pinged":"","post_modified":"2023-04-11 00:07:43","post_modified_gmt":"2023-04-10 14:07:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7107","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7093,"post_author":"1","post_date":"2022-09-11 19:27:57","post_date_gmt":"2022-09-11 09:27:57","post_content":"\n
Mike McGlone is a senior strategist at Bloomberg Intelligence, has recently shared multiple on Twitter discussing various commodities and concerns related to the current state of markets worldwide.<\/p>\n\n\n\n
In one tweet McGlone outlined his September Crypto Outlook<\/a><\/em> where he believes that the world is leaning towards a recession in light of recent events including the tightening of interest rates by the Federal Reserve.<\/li><\/ul>\n\n\n\n
A key indicator that had encouraged the Fed's fight against inflation was the soar in energy prices. This pressured high-risk assets, namely cryptocurrencies, and once the dust settles from recent events crypto prices will start to \"bouy\" as \u201ccrude oil decline may fuel Bitcoin recovery.\u201d Reuters recently reported<\/a> that the Strategic Petroleum Reserve (SPR) fell to its lowest level in more than 35 years.<\/li><\/ul>\n\n\n\n
Price data from 2018-19 was compared to price data from today showing a similar benchmark where \"Bitcoin is at a discount within an elongated bull market.\"<\/li><\/ul>\n\n\n\n
$\""Too$
Bitcoin Price Data. Source: Bloomberg Intelligence<\/figcaption><\/figure>\n\n\n\n
In an interview<\/a> with Bell Media, McGlone believes that cryptocurrencies will continue to outperform traditional assets with declining volatility. He hints at being bullish on Bitcoin believing will put in a bottom at, or below $20,000 similar to 2018 and 2013 before going into an upward trajectory.<\/li><\/ul>\n\n\n\n
McGlone hinted at Ethereum becoming a large part of the financial system as the merge<\/a> approaches due to its ability to make tokenized assets<\/a> readily accessible to the public just like ETFs had done with traditional assets.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Will Return \u2013 Ruchir Sharma, The Chairman Of Rockefeller International<\/a><\/p>\n","post_title":"Bullish On Bitcoin, It's Trading At A Discount - Bloomberg Intelligence","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bullish-on-bitcoin-its-trading-at-a-discount-bloomberg-intelligence","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/ethereum-proof-of-stake-merge-set-for-mid-september\/\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/\nhttps:\/\/www.thedistributed.co\/bitcoin-will-return-ruchir-sharma-the-chairman-of-rockefeller-international\/","post_modified":"2023-04-11 00:07:57","post_modified_gmt":"2023-04-10 14:07:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7093","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
In the announcement, Thallo defined their team as experts in climate and sustainability as well as web3. Alongside Thallo, the 23 partners split into three sectors. The Founding Partners<\/em> include Ripple Labs and Climate Collective to support the development of the platform.<\/li><\/ul>\n\n\n\n
The second sector is the Integrity Partners<\/em> which are academic instiutions, non-profits, and associations which aim to scale carbon markets with integrity such as Carbon Business Council and Crypto Climate Accord.<\/li><\/ul>\n\n\n\n
Finally, the largest sector with 14 companies, the Innovation Partners<\/em>, are the companies that develop the key aspects of the marketplace including Chainlink, Celo Foundation and Filecoin Green.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Crypto Mining Is a Threat To The U.S. Climate Commitments And Goals, White House Appraised<\/a><\/p>\n","post_title":"Ripple Labs Partner With Thallo To Develop Carbon Credit Marketplace","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-labs-partner-with-thallo-to-develop-carbon-credit-marketplace","to_ping":"","pinged":"","post_modified":"2022-10-08 00:24:06","post_modified_gmt":"2022-10-07 13:24:06","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7530","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7480,"post_author":"1","post_date":"2022-10-02 00:26:44","post_date_gmt":"2022-10-01 14:26:44","post_content":"\n
David Rubenstein, the billionaire co-founder\/chairman of The Carlyle Group was interviewed by fellow billionaire Ken Griffin to discuss<\/a> his view on crypto assets.<\/p>\n\n\n\n
Rubenstein, although not an investor in cryptocurrencies directly has been indirectly investing in them through companies that service the industry. \u201cI have not invested in cryptocurrencies. But I have invested in my family office through companies that service the industry,\" he states.<\/li><\/ul>\n\n\n\n
Although Rubenstein believes \"the industry is not going away anytime soon,\" he states that \"I can\u2019t pick which of the 18,000 cryptocurrencies are going to work. But I think the industry is not going away,\" as there are countless investors who've increasingly lobbied congress to prevent over-regulation.<\/li><\/ul>\n\n\n\n
Griffin asked \"What do you think about cryptocurrencies,\" Rubenstein responded that \"if it gives you pleasure to do the gambling allocate enough money that you can afford to lose, with crypto that was my view for some time...I now think that crypto is not going to go away the way some people have thought and while you can argue it's worthless in some respects, many things that people buy are maybe worthless.\"<\/li><\/ul>\n\n\n\n
The billionaire also believes that the reason so many people want to invest in crypto assets is to take some of the power away that the government and authorities have. \"They tend to be liking this thing that's anti-government, they want to have some of their assets and things that the government can't control or know what they're doing.\"<\/li><\/ul>\n\n\n\n
See Related: <\/em><\/strong>Bitcoins Bottom Is Likely In, Crypto Analyst Benjamin Cowen<\/a><\/p>\n\n\n\n
\nhttps:\/\/www.youtube.com\/watch?v=R-RHmKx9xTY\n<\/div><\/figure>\n","post_title":"Crypto Is Not Going Away, Billionaire David Rubenstein","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"crypto-is-not-going-away-billionaire-david-rubenstein","to_ping":"","pinged":"","post_modified":"2022-10-03 16:02:18","post_modified_gmt":"2022-10-03 05:02:18","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7480","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7348,"post_author":"1","post_date":"2022-09-25 00:12:26","post_date_gmt":"2022-09-24 14:12:26","post_content":"\n
Ethereum recently merged its proof-of-work (PoW) blockchain with its proof-of-stake (PoS) blockchain which reduced its energy consumption by 99.95% and made the network more scalable for future projects.<\/p>\n\n\n\n
At the recent Mainnet event, Ethereum co-founder Vitalik Buterin<\/a> was questioned<\/a> about PoS<\/a> as a consensus model. \"Should all networks move to PoS?\" Ryan Selkis<\/a> asked, Buterin replied that \"As PoS matures I would expect it to increase in legitimacy over time. I hope Zcash moves over and I am hopeful Dogecoin moves to PoS soon.\"<\/li><\/ul>\n\n\n\n
Zcash is a blockchain that focused heavily on user privacy with the company behind Zcash already detailing<\/a> how the privacy coin would transition to PoS. This may not be as simple due to the heavy decentralization of the network, comparing it to its launch<\/a> which had 6 pseudonymous identities all with a portion of the network's private key.<\/li><\/ul>\n\n\n\n
On the other hand, Dogecoin is a cryptocurrency that has grown heavily in popularity over the past few years despite launching to mock cryptocurrencies. Dogecoin is now commonly accepted by vendors and its developers have expressed interest in a PoS chain.<\/li><\/ul>\n\n\n\n
ZCash is currently trading at $57.59 and is the 54th largest token<\/a> by market cap. Dogecoin is currently trading at $0.066 and is the 10th largest token by ma<\/a>r<\/a>ket cap<\/a>.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Hopeful That ZCash And Dogecoin Move To PoS - Vitalik Buterin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hopeful-that-zcash-and-dogecoin-move-to-pos-vitalik-buterin","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/proof-of-stake\/\nhttps:\/\/www.thedistributed.co\/whistleblower-edward-snowden-played-a-key-role-in-the-creation-of-zcash\/","post_modified":"2023-04-30 21:30:23","post_modified_gmt":"2023-04-30 11:30:23","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7348","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7259,"post_author":"1","post_date":"2022-09-21 21:11:23","post_date_gmt":"2022-09-21 11:11:23","post_content":"\n
Katherine Polk Failla, a New York judge, has ordered<\/a> Tether to reveal the financial documents that prove its backing of the stable<\/a>c<\/a>oin<\/a>.<\/p>\n\n\n\n
Tether is required to provide the United States District Court for the Southern District of New York with \u201cgeneral ledgers, balance sheets, income statements, cash-flow statements, and profit and loss statements.\" The lawsuit alleges that Tether had conspired to artificially inflate the price of Bitcoin through a USDT campaign.<\/li><\/ul>\n\n\n\n
Tether has avoided providing these documents as they are \"sensitive\", although Failla justified the plaintiffs require the documents \"to asses the backing of USDT with US dollars...The documents sought in the transactions RFPs appear to go to one of Plaintiffs\u2019 core allegations: that the B\/T Defendants engaged in cyptocommodities transactions using unbacked USDT, and that those transactions \u201cwere strategically timed to inflate the market.\u2019\u201d<\/li><\/ul>\n\n\n\n
Tether is also required to cough up accounts and details related to accounts held with Bitfiniex, Bittrex, and Poloniex as apart of a case<\/a> against iFinex started in 2019 - the company behind Bitfinex and Tether.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Tethers Peso-Backed Stablecoin MXNT Launches In Mexico<\/a><\/p>\n","post_title":"Tether Ordered To Reveal USDTs Exact Backings","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tether-ordered-to-reveal-usdts-exact-backings","to_ping":"","pinged":"","post_modified":"2023-04-10 18:53:49","post_modified_gmt":"2023-04-10 08:53:49","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7259","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7229,"post_author":"1","post_date":"2022-09-20 22:22:55","post_date_gmt":"2022-09-20 12:22:55","post_content":"\n
Raoul Pal, a former executive at Goldman Sachs and macro expert believes that Ethereum could lead markets in the next bull cycle.<\/p>\n\n\n\n
Pal recently hosted<\/a> an ask me anything (AMA). Amongst various different questions, Pal predicted that \u201cas adoption keeps building, a lot of adoption spills outside of ETH into the Solana, Avalanche, and a bunch of other protocols as well.\" He added that \"we\u2019re going to see ETH lead the charge, and then we\u2019ll see this tail of stuff starting to come as we start a new bull market and generally things work that way.\u201d<\/p>\n\n\n\n
Pal is keeping his eye on one Ethereum competitor though. \u201cI think a lot of these layer ones this time around will be like ETH in the last cycle. They\u2019ll end up becoming very large dominant chains. Which ones? I don\u2019t really know. My bet is really on Solana, but it could be any of these.\" He added that he is \"watching them and waiting to see,\" tracking SOL\/ETH using a DeMark indicator.<\/p>\n\n\n\n
Pal also recommends listening to a broad base of opinions when doing research for the upcoming markets. \"You weigh them [varying opinions] yourself, how important is that to me?... Having people's opposite opinions, differences, and nuances, is really important for the macro scenario...Once you start listening to a lot of people you can start formulating your own opinions.\" <\/p>\n\n\n\n
He believes that you should follow what makes the most sense from your view - this added responsibility will likely form a better and stronger choice for yourself.<\/p>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n\n\n\n
\nhttps:\/\/www.youtube.com\/watch?v=H5j8mHKHScU\n<\/div>
Raoul Pal - Ask Me Anything<\/figcaption><\/figure>\n","post_title":"ETH Will Lead Charge Next Cycle Predicts Raoul Pal","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"eth-will-lead-charge-next-cycle-predicts-raoul-pal","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-misconceptions-with-the-ethereum-merge\/","post_modified":"2023-04-10 18:54:37","post_modified_gmt":"2023-04-10 08:54:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7229","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7153,"post_author":"1","post_date":"2022-09-19 20:57:39","post_date_gmt":"2022-09-19 10:57:39","post_content":"\n
Ethereum has just completed its merge<\/a> to a proof-of-stake<\/a> consensus from proof-of-work, could the primary source of validation bring in more institutional investors?<\/p>\n\n\n\n
\"They're [instiutional investors] looking for yield,\" said<\/a> FalconX CEO Raghu Yarlagadda in a recent interview with CoinDesk, \"with the ETH merge, the possibility of generating a sustainable, stable yield is interesting\" he added. <\/li><\/ul>\n\n\n\n
PoS is a consensus mechanism where transactions are validated through users staking their coins, in return for staking users will receive a small fee for playing their part. Currently, on Ethereum, this may yield users around 10-15% annually which makes it an alternative to typical bonds. <\/li><\/ul>\n\n\n\n
The reduced energy consumption could also make for a more eco-friendly investment in institutional eyes. Environmental, Social, and Governance (ESG) is a metric popular amongst various institutions, so Ethereum reducing its energy consumption by 99.95% and reducing<\/a> the world's energy consumption by 0.02% is a big plus.<\/li><\/ul>\n\n\n\n
Ethereum will also be more scarce now the merge has happened with annual issuance dropping ~90% to 600,000 per year and burning<\/a> of Ethereum transaction fees, along with staking taking even more Ethereum out of circulation.<\/li><\/ul>\n\n\n\n
Although it may attract institutional investors, using it in an institutional scene may not be the most efficient thing to do as of yet. Currently, Ethereum has 15 transactions per second (TP\/S) compared to VISA with ~1,700 and Solana at 2,300. The merge promises to make Ethereum more accessible which could bring scaling solutions to light that improve its lacking metrics.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Ethereum May Attract Institutional Investors \"Looking For Yield\"","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-may-attract-institutional-investors-looking-for-yield","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2023-04-10 18:54:55","post_modified_gmt":"2023-04-10 08:54:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7153","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7141,"post_author":"1","post_date":"2022-09-14 22:57:51","post_date_gmt":"2022-09-14 12:57:51","post_content":"\n
Do Kwon, co-founder of Terraform Labs has been issued an arrest warrant by a South Korean court in the wake of Terra Luna's collapse<\/a> earlier this year.<\/p>\n\n\n\n
A report<\/a> from South Korean news outlet Chosun Ilbo details that there were an additional 5 arrest warrants laid out. This includes Nicholas Platias, a founding member of Terraform Labs, and Han Mo, an employee. The charges being faced are for violating the Capital Markets Act. As prosecutors believe that Terra Luna falls under an \u201cinvestment contract security\u201d.<\/li><\/ul>\n\n\n\n
Although the warrant was issued by a South Korean court, key members of Terraform Labs including Kwon and the 5 other individuals are currently located in Singapore. As a result, the warrant is valid for the next year. This comes after South Korean authorities banned<\/a> Terra Luna's main designers from leaving the country.<\/li><\/ul>\n\n\n\n
After LUNA and sister stablecoin<\/a> UST collapsed earlier this year, investors were bought to outrage with a combined US$42B wiped out from the two coins alongside a 99.99% drop in price. In turn, investors were quick to sue Kwon and others for violating various laws and acts as rumors<\/a> were quick to spread in relation to the downfall.<\/li><\/ul>\n\n\n\n
See Related:<\/strong><\/em> War On Code \u2013 Tornado Cash Developer Alexey Pertsev Arrested<\/a><\/p>\n","post_title":"Terra's Do Kwon Wanted For Arrest By Seoul Court","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"terras-do-kwon-wanted-for-arrest-by-seoul-court","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-30 21:31:32","post_modified_gmt":"2023-04-30 11:31:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7141","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7107,"post_author":"1","post_date":"2022-09-12 21:36:27","post_date_gmt":"2022-09-12 11:36:27","post_content":"\n
Benjamin Cowen<\/a> is a well-regarded crypto analyst, using a historically accurate indicator he has found it likely that Bitcoin has hit its bottom or is very close to doing so.<\/p>\n\n\n\n
Cowen was recently featured<\/a> on Kitco News where he discussed his use of the metric. \"One of the interesting things about this chart is that historically, Bitcoin does not bottom until after they cross,\" he stated.<\/li><\/ul>\n\n\n\n
The indicator Cowen used is the Bitcoin Percentage Of Supply In Profit And Loss<\/a>. This indicates how many Bitcoins are at a profit or loss for their holders. Looking at the chart from a widened perspective Cowen shows how this metric has accompanied tops and bottoms over the long term.<\/li><\/ul>\n\n\n\n
Cowen added that they have recently just crossed each other and how the bottom typically occurs after they cross. \"When it comes up here, that\u2019s generally the time where you want to scale out when we\u2019re continuing to push those new all-time highs so to me this is an indicator that would suggest that if we did get another leg down there\u2019s a lot of evidence that could be the major bottom,\" he added.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bullish On Bitcoin, It\u2019s Trading At A Discount \u2013 Bloomberg Intelligence<\/a><\/p>\n\n\n\n
$\"Benjamin$
Benjamin Cowen Illustrating The Bitcoin Percentage Of Supply In Profit And Loss Metric Source: YouTube\/Kitco News<\/em><\/figcaption><\/figure>\n","post_title":"Bitcoins Bottom Is Likely In, Crypto Analyst Benjamin Cowen","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoins-bottom-is-likely-in-crypto-analyst-benjamin-cowen","to_ping":"","pinged":"","post_modified":"2023-04-11 00:07:43","post_modified_gmt":"2023-04-10 14:07:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7107","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7093,"post_author":"1","post_date":"2022-09-11 19:27:57","post_date_gmt":"2022-09-11 09:27:57","post_content":"\n
Mike McGlone is a senior strategist at Bloomberg Intelligence, has recently shared multiple on Twitter discussing various commodities and concerns related to the current state of markets worldwide.<\/p>\n\n\n\n
In one tweet McGlone outlined his September Crypto Outlook<\/a><\/em> where he believes that the world is leaning towards a recession in light of recent events including the tightening of interest rates by the Federal Reserve.<\/li><\/ul>\n\n\n\n
A key indicator that had encouraged the Fed's fight against inflation was the soar in energy prices. This pressured high-risk assets, namely cryptocurrencies, and once the dust settles from recent events crypto prices will start to \"bouy\" as \u201ccrude oil decline may fuel Bitcoin recovery.\u201d Reuters recently reported<\/a> that the Strategic Petroleum Reserve (SPR) fell to its lowest level in more than 35 years.<\/li><\/ul>\n\n\n\n
Price data from 2018-19 was compared to price data from today showing a similar benchmark where \"Bitcoin is at a discount within an elongated bull market.\"<\/li><\/ul>\n\n\n\n
$\""Too$
Bitcoin Price Data. Source: Bloomberg Intelligence<\/figcaption><\/figure>\n\n\n\n
In an interview<\/a> with Bell Media, McGlone believes that cryptocurrencies will continue to outperform traditional assets with declining volatility. He hints at being bullish on Bitcoin believing will put in a bottom at, or below $20,000 similar to 2018 and 2013 before going into an upward trajectory.<\/li><\/ul>\n\n\n\n
McGlone hinted at Ethereum becoming a large part of the financial system as the merge<\/a> approaches due to its ability to make tokenized assets<\/a> readily accessible to the public just like ETFs had done with traditional assets.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Will Return \u2013 Ruchir Sharma, The Chairman Of Rockefeller International<\/a><\/p>\n","post_title":"Bullish On Bitcoin, It's Trading At A Discount - Bloomberg Intelligence","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bullish-on-bitcoin-its-trading-at-a-discount-bloomberg-intelligence","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/ethereum-proof-of-stake-merge-set-for-mid-september\/\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/\nhttps:\/\/www.thedistributed.co\/bitcoin-will-return-ruchir-sharma-the-chairman-of-rockefeller-international\/","post_modified":"2023-04-11 00:07:57","post_modified_gmt":"2023-04-10 14:07:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7093","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
Thallo's Carbon Neutral Team<\/h2>\n\n\n\n
In the announcement, Thallo defined their team as experts in climate and sustainability as well as web3. Alongside Thallo, the 23 partners split into three sectors. The Founding Partners<\/em> include Ripple Labs and Climate Collective to support the development of the platform.<\/li><\/ul>\n\n\n\n
The second sector is the Integrity Partners<\/em> which are academic instiutions, non-profits, and associations which aim to scale carbon markets with integrity such as Carbon Business Council and Crypto Climate Accord.<\/li><\/ul>\n\n\n\n
Finally, the largest sector with 14 companies, the Innovation Partners<\/em>, are the companies that develop the key aspects of the marketplace including Chainlink, Celo Foundation and Filecoin Green.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Crypto Mining Is a Threat To The U.S. Climate Commitments And Goals, White House Appraised<\/a><\/p>\n","post_title":"Ripple Labs Partner With Thallo To Develop Carbon Credit Marketplace","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-labs-partner-with-thallo-to-develop-carbon-credit-marketplace","to_ping":"","pinged":"","post_modified":"2022-10-08 00:24:06","post_modified_gmt":"2022-10-07 13:24:06","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7530","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7480,"post_author":"1","post_date":"2022-10-02 00:26:44","post_date_gmt":"2022-10-01 14:26:44","post_content":"\n
David Rubenstein, the billionaire co-founder\/chairman of The Carlyle Group was interviewed by fellow billionaire Ken Griffin to discuss<\/a> his view on crypto assets.<\/p>\n\n\n\n
Rubenstein, although not an investor in cryptocurrencies directly has been indirectly investing in them through companies that service the industry. \u201cI have not invested in cryptocurrencies. But I have invested in my family office through companies that service the industry,\" he states.<\/li><\/ul>\n\n\n\n
Although Rubenstein believes \"the industry is not going away anytime soon,\" he states that \"I can\u2019t pick which of the 18,000 cryptocurrencies are going to work. But I think the industry is not going away,\" as there are countless investors who've increasingly lobbied congress to prevent over-regulation.<\/li><\/ul>\n\n\n\n
Griffin asked \"What do you think about cryptocurrencies,\" Rubenstein responded that \"if it gives you pleasure to do the gambling allocate enough money that you can afford to lose, with crypto that was my view for some time...I now think that crypto is not going to go away the way some people have thought and while you can argue it's worthless in some respects, many things that people buy are maybe worthless.\"<\/li><\/ul>\n\n\n\n
The billionaire also believes that the reason so many people want to invest in crypto assets is to take some of the power away that the government and authorities have. \"They tend to be liking this thing that's anti-government, they want to have some of their assets and things that the government can't control or know what they're doing.\"<\/li><\/ul>\n\n\n\n
See Related: <\/em><\/strong>Bitcoins Bottom Is Likely In, Crypto Analyst Benjamin Cowen<\/a><\/p>\n\n\n\n
\nhttps:\/\/www.youtube.com\/watch?v=R-RHmKx9xTY\n<\/div><\/figure>\n","post_title":"Crypto Is Not Going Away, Billionaire David Rubenstein","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"crypto-is-not-going-away-billionaire-david-rubenstein","to_ping":"","pinged":"","post_modified":"2022-10-03 16:02:18","post_modified_gmt":"2022-10-03 05:02:18","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7480","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7348,"post_author":"1","post_date":"2022-09-25 00:12:26","post_date_gmt":"2022-09-24 14:12:26","post_content":"\n
Ethereum recently merged its proof-of-work (PoW) blockchain with its proof-of-stake (PoS) blockchain which reduced its energy consumption by 99.95% and made the network more scalable for future projects.<\/p>\n\n\n\n
At the recent Mainnet event, Ethereum co-founder Vitalik Buterin<\/a> was questioned<\/a> about PoS<\/a> as a consensus model. \"Should all networks move to PoS?\" Ryan Selkis<\/a> asked, Buterin replied that \"As PoS matures I would expect it to increase in legitimacy over time. I hope Zcash moves over and I am hopeful Dogecoin moves to PoS soon.\"<\/li><\/ul>\n\n\n\n
Zcash is a blockchain that focused heavily on user privacy with the company behind Zcash already detailing<\/a> how the privacy coin would transition to PoS. This may not be as simple due to the heavy decentralization of the network, comparing it to its launch<\/a> which had 6 pseudonymous identities all with a portion of the network's private key.<\/li><\/ul>\n\n\n\n
On the other hand, Dogecoin is a cryptocurrency that has grown heavily in popularity over the past few years despite launching to mock cryptocurrencies. Dogecoin is now commonly accepted by vendors and its developers have expressed interest in a PoS chain.<\/li><\/ul>\n\n\n\n
ZCash is currently trading at $57.59 and is the 54th largest token<\/a> by market cap. Dogecoin is currently trading at $0.066 and is the 10th largest token by ma<\/a>r<\/a>ket cap<\/a>.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Hopeful That ZCash And Dogecoin Move To PoS - Vitalik Buterin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hopeful-that-zcash-and-dogecoin-move-to-pos-vitalik-buterin","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/proof-of-stake\/\nhttps:\/\/www.thedistributed.co\/whistleblower-edward-snowden-played-a-key-role-in-the-creation-of-zcash\/","post_modified":"2023-04-30 21:30:23","post_modified_gmt":"2023-04-30 11:30:23","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7348","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7259,"post_author":"1","post_date":"2022-09-21 21:11:23","post_date_gmt":"2022-09-21 11:11:23","post_content":"\n
Katherine Polk Failla, a New York judge, has ordered<\/a> Tether to reveal the financial documents that prove its backing of the stable<\/a>c<\/a>oin<\/a>.<\/p>\n\n\n\n
Tether is required to provide the United States District Court for the Southern District of New York with \u201cgeneral ledgers, balance sheets, income statements, cash-flow statements, and profit and loss statements.\" The lawsuit alleges that Tether had conspired to artificially inflate the price of Bitcoin through a USDT campaign.<\/li><\/ul>\n\n\n\n
Tether has avoided providing these documents as they are \"sensitive\", although Failla justified the plaintiffs require the documents \"to asses the backing of USDT with US dollars...The documents sought in the transactions RFPs appear to go to one of Plaintiffs\u2019 core allegations: that the B\/T Defendants engaged in cyptocommodities transactions using unbacked USDT, and that those transactions \u201cwere strategically timed to inflate the market.\u2019\u201d<\/li><\/ul>\n\n\n\n
Tether is also required to cough up accounts and details related to accounts held with Bitfiniex, Bittrex, and Poloniex as apart of a case<\/a> against iFinex started in 2019 - the company behind Bitfinex and Tether.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Tethers Peso-Backed Stablecoin MXNT Launches In Mexico<\/a><\/p>\n","post_title":"Tether Ordered To Reveal USDTs Exact Backings","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tether-ordered-to-reveal-usdts-exact-backings","to_ping":"","pinged":"","post_modified":"2023-04-10 18:53:49","post_modified_gmt":"2023-04-10 08:53:49","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7259","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7229,"post_author":"1","post_date":"2022-09-20 22:22:55","post_date_gmt":"2022-09-20 12:22:55","post_content":"\n
Raoul Pal, a former executive at Goldman Sachs and macro expert believes that Ethereum could lead markets in the next bull cycle.<\/p>\n\n\n\n
Pal recently hosted<\/a> an ask me anything (AMA). Amongst various different questions, Pal predicted that \u201cas adoption keeps building, a lot of adoption spills outside of ETH into the Solana, Avalanche, and a bunch of other protocols as well.\" He added that \"we\u2019re going to see ETH lead the charge, and then we\u2019ll see this tail of stuff starting to come as we start a new bull market and generally things work that way.\u201d<\/p>\n\n\n\n
Pal is keeping his eye on one Ethereum competitor though. \u201cI think a lot of these layer ones this time around will be like ETH in the last cycle. They\u2019ll end up becoming very large dominant chains. Which ones? I don\u2019t really know. My bet is really on Solana, but it could be any of these.\" He added that he is \"watching them and waiting to see,\" tracking SOL\/ETH using a DeMark indicator.<\/p>\n\n\n\n
Pal also recommends listening to a broad base of opinions when doing research for the upcoming markets. \"You weigh them [varying opinions] yourself, how important is that to me?... Having people's opposite opinions, differences, and nuances, is really important for the macro scenario...Once you start listening to a lot of people you can start formulating your own opinions.\" <\/p>\n\n\n\n
He believes that you should follow what makes the most sense from your view - this added responsibility will likely form a better and stronger choice for yourself.<\/p>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n\n\n\n
\nhttps:\/\/www.youtube.com\/watch?v=H5j8mHKHScU\n<\/div>
Raoul Pal - Ask Me Anything<\/figcaption><\/figure>\n","post_title":"ETH Will Lead Charge Next Cycle Predicts Raoul Pal","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"eth-will-lead-charge-next-cycle-predicts-raoul-pal","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-misconceptions-with-the-ethereum-merge\/","post_modified":"2023-04-10 18:54:37","post_modified_gmt":"2023-04-10 08:54:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7229","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7153,"post_author":"1","post_date":"2022-09-19 20:57:39","post_date_gmt":"2022-09-19 10:57:39","post_content":"\n
Ethereum has just completed its merge<\/a> to a proof-of-stake<\/a> consensus from proof-of-work, could the primary source of validation bring in more institutional investors?<\/p>\n\n\n\n
\"They're [instiutional investors] looking for yield,\" said<\/a> FalconX CEO Raghu Yarlagadda in a recent interview with CoinDesk, \"with the ETH merge, the possibility of generating a sustainable, stable yield is interesting\" he added. <\/li><\/ul>\n\n\n\n
PoS is a consensus mechanism where transactions are validated through users staking their coins, in return for staking users will receive a small fee for playing their part. Currently, on Ethereum, this may yield users around 10-15% annually which makes it an alternative to typical bonds. <\/li><\/ul>\n\n\n\n
The reduced energy consumption could also make for a more eco-friendly investment in institutional eyes. Environmental, Social, and Governance (ESG) is a metric popular amongst various institutions, so Ethereum reducing its energy consumption by 99.95% and reducing<\/a> the world's energy consumption by 0.02% is a big plus.<\/li><\/ul>\n\n\n\n
Ethereum will also be more scarce now the merge has happened with annual issuance dropping ~90% to 600,000 per year and burning<\/a> of Ethereum transaction fees, along with staking taking even more Ethereum out of circulation.<\/li><\/ul>\n\n\n\n
Although it may attract institutional investors, using it in an institutional scene may not be the most efficient thing to do as of yet. Currently, Ethereum has 15 transactions per second (TP\/S) compared to VISA with ~1,700 and Solana at 2,300. The merge promises to make Ethereum more accessible which could bring scaling solutions to light that improve its lacking metrics.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Ethereum May Attract Institutional Investors \"Looking For Yield\"","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-may-attract-institutional-investors-looking-for-yield","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2023-04-10 18:54:55","post_modified_gmt":"2023-04-10 08:54:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7153","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7141,"post_author":"1","post_date":"2022-09-14 22:57:51","post_date_gmt":"2022-09-14 12:57:51","post_content":"\n
Do Kwon, co-founder of Terraform Labs has been issued an arrest warrant by a South Korean court in the wake of Terra Luna's collapse<\/a> earlier this year.<\/p>\n\n\n\n
A report<\/a> from South Korean news outlet Chosun Ilbo details that there were an additional 5 arrest warrants laid out. This includes Nicholas Platias, a founding member of Terraform Labs, and Han Mo, an employee. The charges being faced are for violating the Capital Markets Act. As prosecutors believe that Terra Luna falls under an \u201cinvestment contract security\u201d.<\/li><\/ul>\n\n\n\n
Although the warrant was issued by a South Korean court, key members of Terraform Labs including Kwon and the 5 other individuals are currently located in Singapore. As a result, the warrant is valid for the next year. This comes after South Korean authorities banned<\/a> Terra Luna's main designers from leaving the country.<\/li><\/ul>\n\n\n\n
After LUNA and sister stablecoin<\/a> UST collapsed earlier this year, investors were bought to outrage with a combined US$42B wiped out from the two coins alongside a 99.99% drop in price. In turn, investors were quick to sue Kwon and others for violating various laws and acts as rumors<\/a> were quick to spread in relation to the downfall.<\/li><\/ul>\n\n\n\n
See Related:<\/strong><\/em> War On Code \u2013 Tornado Cash Developer Alexey Pertsev Arrested<\/a><\/p>\n","post_title":"Terra's Do Kwon Wanted For Arrest By Seoul Court","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"terras-do-kwon-wanted-for-arrest-by-seoul-court","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-30 21:31:32","post_modified_gmt":"2023-04-30 11:31:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7141","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7107,"post_author":"1","post_date":"2022-09-12 21:36:27","post_date_gmt":"2022-09-12 11:36:27","post_content":"\n
Benjamin Cowen<\/a> is a well-regarded crypto analyst, using a historically accurate indicator he has found it likely that Bitcoin has hit its bottom or is very close to doing so.<\/p>\n\n\n\n
Cowen was recently featured<\/a> on Kitco News where he discussed his use of the metric. \"One of the interesting things about this chart is that historically, Bitcoin does not bottom until after they cross,\" he stated.<\/li><\/ul>\n\n\n\n
The indicator Cowen used is the Bitcoin Percentage Of Supply In Profit And Loss<\/a>. This indicates how many Bitcoins are at a profit or loss for their holders. Looking at the chart from a widened perspective Cowen shows how this metric has accompanied tops and bottoms over the long term.<\/li><\/ul>\n\n\n\n
Cowen added that they have recently just crossed each other and how the bottom typically occurs after they cross. \"When it comes up here, that\u2019s generally the time where you want to scale out when we\u2019re continuing to push those new all-time highs so to me this is an indicator that would suggest that if we did get another leg down there\u2019s a lot of evidence that could be the major bottom,\" he added.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bullish On Bitcoin, It\u2019s Trading At A Discount \u2013 Bloomberg Intelligence<\/a><\/p>\n\n\n\n
$\"Benjamin$
Benjamin Cowen Illustrating The Bitcoin Percentage Of Supply In Profit And Loss Metric Source: YouTube\/Kitco News<\/em><\/figcaption><\/figure>\n","post_title":"Bitcoins Bottom Is Likely In, Crypto Analyst Benjamin Cowen","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoins-bottom-is-likely-in-crypto-analyst-benjamin-cowen","to_ping":"","pinged":"","post_modified":"2023-04-11 00:07:43","post_modified_gmt":"2023-04-10 14:07:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7107","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7093,"post_author":"1","post_date":"2022-09-11 19:27:57","post_date_gmt":"2022-09-11 09:27:57","post_content":"\n
Mike McGlone is a senior strategist at Bloomberg Intelligence, has recently shared multiple on Twitter discussing various commodities and concerns related to the current state of markets worldwide.<\/p>\n\n\n\n
In one tweet McGlone outlined his September Crypto Outlook<\/a><\/em> where he believes that the world is leaning towards a recession in light of recent events including the tightening of interest rates by the Federal Reserve.<\/li><\/ul>\n\n\n\n
A key indicator that had encouraged the Fed's fight against inflation was the soar in energy prices. This pressured high-risk assets, namely cryptocurrencies, and once the dust settles from recent events crypto prices will start to \"bouy\" as \u201ccrude oil decline may fuel Bitcoin recovery.\u201d Reuters recently reported<\/a> that the Strategic Petroleum Reserve (SPR) fell to its lowest level in more than 35 years.<\/li><\/ul>\n\n\n\n
Price data from 2018-19 was compared to price data from today showing a similar benchmark where \"Bitcoin is at a discount within an elongated bull market.\"<\/li><\/ul>\n\n\n\n
$\""Too$
Bitcoin Price Data. Source: Bloomberg Intelligence<\/figcaption><\/figure>\n\n\n\n
In an interview<\/a> with Bell Media, McGlone believes that cryptocurrencies will continue to outperform traditional assets with declining volatility. He hints at being bullish on Bitcoin believing will put in a bottom at, or below $20,000 similar to 2018 and 2013 before going into an upward trajectory.<\/li><\/ul>\n\n\n\n
McGlone hinted at Ethereum becoming a large part of the financial system as the merge<\/a> approaches due to its ability to make tokenized assets<\/a> readily accessible to the public just like ETFs had done with traditional assets.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Will Return \u2013 Ruchir Sharma, The Chairman Of Rockefeller International<\/a><\/p>\n","post_title":"Bullish On Bitcoin, It's Trading At A Discount - Bloomberg Intelligence","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bullish-on-bitcoin-its-trading-at-a-discount-bloomberg-intelligence","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/ethereum-proof-of-stake-merge-set-for-mid-september\/\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/\nhttps:\/\/www.thedistributed.co\/bitcoin-will-return-ruchir-sharma-the-chairman-of-rockefeller-international\/","post_modified":"2023-04-11 00:07:57","post_modified_gmt":"2023-04-10 14:07:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7093","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 15 16 17 18 19 … 41 Next

Most Read

The Coins

Binance Coin (BNB)

December 8, 2022 - Updated on January 15, 2023

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

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November 24, 2024

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\n
See Related: <\/strong><\/em>Ripple vs. SEC: How The Outcome Can Affect The Cryptocurrency Market<\/a><\/p>\n\n\n\n
Thallo's Carbon Neutral Team<\/h2>\n\n\n\n
In the announcement, Thallo defined their team as experts in climate and sustainability as well as web3. Alongside Thallo, the 23 partners split into three sectors. The Founding Partners<\/em> include Ripple Labs and Climate Collective to support the development of the platform.<\/li><\/ul>\n\n\n\n
The second sector is the Integrity Partners<\/em> which are academic instiutions, non-profits, and associations which aim to scale carbon markets with integrity such as Carbon Business Council and Crypto Climate Accord.<\/li><\/ul>\n\n\n\n
Finally, the largest sector with 14 companies, the Innovation Partners<\/em>, are the companies that develop the key aspects of the marketplace including Chainlink, Celo Foundation and Filecoin Green.<\/li><\/ul>\n\n\n\nSee Related:<\/em><\/strong> Crypto Mining Is a Threat To The U.S. Climate Commitments And Goals, White House Appraised<\/a><\/p>\n","post_title":"Ripple Labs Partner With Thallo To Develop Carbon Credit Marketplace","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-labs-partner-with-thallo-to-develop-carbon-credit-marketplace","to_ping":"","pinged":"","post_modified":"2022-10-08 00:24:06","post_modified_gmt":"2022-10-07 13:24:06","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7530","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7480,"post_author":"1","post_date":"2022-10-02 00:26:44","post_date_gmt":"2022-10-01 14:26:44","post_content":"\n
David Rubenstein, the billionaire co-founder\/chairman of The Carlyle Group was interviewed by fellow billionaire Ken Griffin to discuss<\/a> his view on crypto assets.<\/p>\n\n\n\n
Rubenstein, although not an investor in cryptocurrencies directly has been indirectly investing in them through companies that service the industry. \u201cI have not invested in cryptocurrencies. But I have invested in my family office through companies that service the industry,\" he states.<\/li><\/ul>\n\n\n\n
Although Rubenstein believes \"the industry is not going away anytime soon,\" he states that \"I can\u2019t pick which of the 18,000 cryptocurrencies are going to work. But I think the industry is not going away,\" as there are countless investors who've increasingly lobbied congress to prevent over-regulation.<\/li><\/ul>\n\n\n\n
Griffin asked \"What do you think about cryptocurrencies,\" Rubenstein responded that \"if it gives you pleasure to do the gambling allocate enough money that you can afford to lose, with crypto that was my view for some time...I now think that crypto is not going to go away the way some people have thought and while you can argue it's worthless in some respects, many things that people buy are maybe worthless.\"<\/li><\/ul>\n\n\n\n
The billionaire also believes that the reason so many people want to invest in crypto assets is to take some of the power away that the government and authorities have. \"They tend to be liking this thing that's anti-government, they want to have some of their assets and things that the government can't control or know what they're doing.\"<\/li><\/ul>\n\n\n\n
See Related: <\/em><\/strong>Bitcoins Bottom Is Likely In, Crypto Analyst Benjamin Cowen<\/a><\/p>\n\n\n\n
\nhttps:\/\/www.youtube.com\/watch?v=R-RHmKx9xTY\n<\/div><\/figure>\n","post_title":"Crypto Is Not Going Away, Billionaire David Rubenstein","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"crypto-is-not-going-away-billionaire-david-rubenstein","to_ping":"","pinged":"","post_modified":"2022-10-03 16:02:18","post_modified_gmt":"2022-10-03 05:02:18","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7480","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7348,"post_author":"1","post_date":"2022-09-25 00:12:26","post_date_gmt":"2022-09-24 14:12:26","post_content":"\n
Ethereum recently merged its proof-of-work (PoW) blockchain with its proof-of-stake (PoS) blockchain which reduced its energy consumption by 99.95% and made the network more scalable for future projects.<\/p>\n\n\n\n
At the recent Mainnet event, Ethereum co-founder Vitalik Buterin<\/a> was questioned<\/a> about PoS<\/a> as a consensus model. \"Should all networks move to PoS?\" Ryan Selkis<\/a> asked, Buterin replied that \"As PoS matures I would expect it to increase in legitimacy over time. I hope Zcash moves over and I am hopeful Dogecoin moves to PoS soon.\"<\/li><\/ul>\n\n\n\n
Zcash is a blockchain that focused heavily on user privacy with the company behind Zcash already detailing<\/a> how the privacy coin would transition to PoS. This may not be as simple due to the heavy decentralization of the network, comparing it to its launch<\/a> which had 6 pseudonymous identities all with a portion of the network's private key.<\/li><\/ul>\n\n\n\n
On the other hand, Dogecoin is a cryptocurrency that has grown heavily in popularity over the past few years despite launching to mock cryptocurrencies. Dogecoin is now commonly accepted by vendors and its developers have expressed interest in a PoS chain.<\/li><\/ul>\n\n\n\n
ZCash is currently trading at $57.59 and is the 54th largest token<\/a> by market cap. Dogecoin is currently trading at $0.066 and is the 10th largest token by ma<\/a>r<\/a>ket cap<\/a>.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Hopeful That ZCash And Dogecoin Move To PoS - Vitalik Buterin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hopeful-that-zcash-and-dogecoin-move-to-pos-vitalik-buterin","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/proof-of-stake\/\nhttps:\/\/www.thedistributed.co\/whistleblower-edward-snowden-played-a-key-role-in-the-creation-of-zcash\/","post_modified":"2023-04-30 21:30:23","post_modified_gmt":"2023-04-30 11:30:23","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7348","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7259,"post_author":"1","post_date":"2022-09-21 21:11:23","post_date_gmt":"2022-09-21 11:11:23","post_content":"\n
Katherine Polk Failla, a New York judge, has ordered<\/a> Tether to reveal the financial documents that prove its backing of the stable<\/a>c<\/a>oin<\/a>.<\/p>\n\n\n\n
Tether is required to provide the United States District Court for the Southern District of New York with \u201cgeneral ledgers, balance sheets, income statements, cash-flow statements, and profit and loss statements.\" The lawsuit alleges that Tether had conspired to artificially inflate the price of Bitcoin through a USDT campaign.<\/li><\/ul>\n\n\n\n
Tether has avoided providing these documents as they are \"sensitive\", although Failla justified the plaintiffs require the documents \"to asses the backing of USDT with US dollars...The documents sought in the transactions RFPs appear to go to one of Plaintiffs\u2019 core allegations: that the B\/T Defendants engaged in cyptocommodities transactions using unbacked USDT, and that those transactions \u201cwere strategically timed to inflate the market.\u2019\u201d<\/li><\/ul>\n\n\n\n
Tether is also required to cough up accounts and details related to accounts held with Bitfiniex, Bittrex, and Poloniex as apart of a case<\/a> against iFinex started in 2019 - the company behind Bitfinex and Tether.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Tethers Peso-Backed Stablecoin MXNT Launches In Mexico<\/a><\/p>\n","post_title":"Tether Ordered To Reveal USDTs Exact Backings","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tether-ordered-to-reveal-usdts-exact-backings","to_ping":"","pinged":"","post_modified":"2023-04-10 18:53:49","post_modified_gmt":"2023-04-10 08:53:49","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7259","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7229,"post_author":"1","post_date":"2022-09-20 22:22:55","post_date_gmt":"2022-09-20 12:22:55","post_content":"\n
Raoul Pal, a former executive at Goldman Sachs and macro expert believes that Ethereum could lead markets in the next bull cycle.<\/p>\n\n\n\n
Pal recently hosted<\/a> an ask me anything (AMA). Amongst various different questions, Pal predicted that \u201cas adoption keeps building, a lot of adoption spills outside of ETH into the Solana, Avalanche, and a bunch of other protocols as well.\" He added that \"we\u2019re going to see ETH lead the charge, and then we\u2019ll see this tail of stuff starting to come as we start a new bull market and generally things work that way.\u201d<\/p>\n\n\n\n
Pal is keeping his eye on one Ethereum competitor though. \u201cI think a lot of these layer ones this time around will be like ETH in the last cycle. They\u2019ll end up becoming very large dominant chains. Which ones? I don\u2019t really know. My bet is really on Solana, but it could be any of these.\" He added that he is \"watching them and waiting to see,\" tracking SOL\/ETH using a DeMark indicator.<\/p>\n\n\n\n
Pal also recommends listening to a broad base of opinions when doing research for the upcoming markets. \"You weigh them [varying opinions] yourself, how important is that to me?... Having people's opposite opinions, differences, and nuances, is really important for the macro scenario...Once you start listening to a lot of people you can start formulating your own opinions.\" <\/p>\n\n\n\n
He believes that you should follow what makes the most sense from your view - this added responsibility will likely form a better and stronger choice for yourself.<\/p>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n\n\n\n
\nhttps:\/\/www.youtube.com\/watch?v=H5j8mHKHScU\n<\/div>
Raoul Pal - Ask Me Anything<\/figcaption><\/figure>\n","post_title":"ETH Will Lead Charge Next Cycle Predicts Raoul Pal","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"eth-will-lead-charge-next-cycle-predicts-raoul-pal","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-misconceptions-with-the-ethereum-merge\/","post_modified":"2023-04-10 18:54:37","post_modified_gmt":"2023-04-10 08:54:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7229","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7153,"post_author":"1","post_date":"2022-09-19 20:57:39","post_date_gmt":"2022-09-19 10:57:39","post_content":"\n
Ethereum has just completed its merge<\/a> to a proof-of-stake<\/a> consensus from proof-of-work, could the primary source of validation bring in more institutional investors?<\/p>\n\n\n\n
\"They're [instiutional investors] looking for yield,\" said<\/a> FalconX CEO Raghu Yarlagadda in a recent interview with CoinDesk, \"with the ETH merge, the possibility of generating a sustainable, stable yield is interesting\" he added. <\/li><\/ul>\n\n\n\n
PoS is a consensus mechanism where transactions are validated through users staking their coins, in return for staking users will receive a small fee for playing their part. Currently, on Ethereum, this may yield users around 10-15% annually which makes it an alternative to typical bonds. <\/li><\/ul>\n\n\n\n
The reduced energy consumption could also make for a more eco-friendly investment in institutional eyes. Environmental, Social, and Governance (ESG) is a metric popular amongst various institutions, so Ethereum reducing its energy consumption by 99.95% and reducing<\/a> the world's energy consumption by 0.02% is a big plus.<\/li><\/ul>\n\n\n\n
Ethereum will also be more scarce now the merge has happened with annual issuance dropping ~90% to 600,000 per year and burning<\/a> of Ethereum transaction fees, along with staking taking even more Ethereum out of circulation.<\/li><\/ul>\n\n\n\n
Although it may attract institutional investors, using it in an institutional scene may not be the most efficient thing to do as of yet. Currently, Ethereum has 15 transactions per second (TP\/S) compared to VISA with ~1,700 and Solana at 2,300. The merge promises to make Ethereum more accessible which could bring scaling solutions to light that improve its lacking metrics.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Ethereum May Attract Institutional Investors \"Looking For Yield\"","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-may-attract-institutional-investors-looking-for-yield","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2023-04-10 18:54:55","post_modified_gmt":"2023-04-10 08:54:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7153","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7141,"post_author":"1","post_date":"2022-09-14 22:57:51","post_date_gmt":"2022-09-14 12:57:51","post_content":"\n
Do Kwon, co-founder of Terraform Labs has been issued an arrest warrant by a South Korean court in the wake of Terra Luna's collapse<\/a> earlier this year.<\/p>\n\n\n\n
A report<\/a> from South Korean news outlet Chosun Ilbo details that there were an additional 5 arrest warrants laid out. This includes Nicholas Platias, a founding member of Terraform Labs, and Han Mo, an employee. The charges being faced are for violating the Capital Markets Act. As prosecutors believe that Terra Luna falls under an \u201cinvestment contract security\u201d.<\/li><\/ul>\n\n\n\n
Although the warrant was issued by a South Korean court, key members of Terraform Labs including Kwon and the 5 other individuals are currently located in Singapore. As a result, the warrant is valid for the next year. This comes after South Korean authorities banned<\/a> Terra Luna's main designers from leaving the country.<\/li><\/ul>\n\n\n\n
After LUNA and sister stablecoin<\/a> UST collapsed earlier this year, investors were bought to outrage with a combined US$42B wiped out from the two coins alongside a 99.99% drop in price. In turn, investors were quick to sue Kwon and others for violating various laws and acts as rumors<\/a> were quick to spread in relation to the downfall.<\/li><\/ul>\n\n\n\n
See Related:<\/strong><\/em> War On Code \u2013 Tornado Cash Developer Alexey Pertsev Arrested<\/a><\/p>\n","post_title":"Terra's Do Kwon Wanted For Arrest By Seoul Court","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"terras-do-kwon-wanted-for-arrest-by-seoul-court","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-30 21:31:32","post_modified_gmt":"2023-04-30 11:31:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7141","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7107,"post_author":"1","post_date":"2022-09-12 21:36:27","post_date_gmt":"2022-09-12 11:36:27","post_content":"\n
Benjamin Cowen<\/a> is a well-regarded crypto analyst, using a historically accurate indicator he has found it likely that Bitcoin has hit its bottom or is very close to doing so.<\/p>\n\n\n\n
Cowen was recently featured<\/a> on Kitco News where he discussed his use of the metric. \"One of the interesting things about this chart is that historically, Bitcoin does not bottom until after they cross,\" he stated.<\/li><\/ul>\n\n\n\n
The indicator Cowen used is the Bitcoin Percentage Of Supply In Profit And Loss<\/a>. This indicates how many Bitcoins are at a profit or loss for their holders. Looking at the chart from a widened perspective Cowen shows how this metric has accompanied tops and bottoms over the long term.<\/li><\/ul>\n\n\n\n
Cowen added that they have recently just crossed each other and how the bottom typically occurs after they cross. \"When it comes up here, that\u2019s generally the time where you want to scale out when we\u2019re continuing to push those new all-time highs so to me this is an indicator that would suggest that if we did get another leg down there\u2019s a lot of evidence that could be the major bottom,\" he added.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bullish On Bitcoin, It\u2019s Trading At A Discount \u2013 Bloomberg Intelligence<\/a><\/p>\n\n\n\n
$\"Benjamin$
Benjamin Cowen Illustrating The Bitcoin Percentage Of Supply In Profit And Loss Metric Source: YouTube\/Kitco News<\/em><\/figcaption><\/figure>\n","post_title":"Bitcoins Bottom Is Likely In, Crypto Analyst Benjamin Cowen","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoins-bottom-is-likely-in-crypto-analyst-benjamin-cowen","to_ping":"","pinged":"","post_modified":"2023-04-11 00:07:43","post_modified_gmt":"2023-04-10 14:07:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7107","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7093,"post_author":"1","post_date":"2022-09-11 19:27:57","post_date_gmt":"2022-09-11 09:27:57","post_content":"\n
Mike McGlone is a senior strategist at Bloomberg Intelligence, has recently shared multiple on Twitter discussing various commodities and concerns related to the current state of markets worldwide.<\/p>\n\n\n\n
In one tweet McGlone outlined his September Crypto Outlook<\/a><\/em> where he believes that the world is leaning towards a recession in light of recent events including the tightening of interest rates by the Federal Reserve.<\/li><\/ul>\n\n\n\n
A key indicator that had encouraged the Fed's fight against inflation was the soar in energy prices. This pressured high-risk assets, namely cryptocurrencies, and once the dust settles from recent events crypto prices will start to \"bouy\" as \u201ccrude oil decline may fuel Bitcoin recovery.\u201d Reuters recently reported<\/a> that the Strategic Petroleum Reserve (SPR) fell to its lowest level in more than 35 years.<\/li><\/ul>\n\n\n\n
Price data from 2018-19 was compared to price data from today showing a similar benchmark where \"Bitcoin is at a discount within an elongated bull market.\"<\/li><\/ul>\n\n\n\n
$\""Too$
Bitcoin Price Data. Source: Bloomberg Intelligence<\/figcaption><\/figure>\n\n\n\n
In an interview<\/a> with Bell Media, McGlone believes that cryptocurrencies will continue to outperform traditional assets with declining volatility. He hints at being bullish on Bitcoin believing will put in a bottom at, or below $20,000 similar to 2018 and 2013 before going into an upward trajectory.<\/li><\/ul>\n\n\n\n
McGlone hinted at Ethereum becoming a large part of the financial system as the merge<\/a> approaches due to its ability to make tokenized assets<\/a> readily accessible to the public just like ETFs had done with traditional assets.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Will Return \u2013 Ruchir Sharma, The Chairman Of Rockefeller International<\/a><\/p>\n","post_title":"Bullish On Bitcoin, It's Trading At A Discount - Bloomberg Intelligence","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bullish-on-bitcoin-its-trading-at-a-discount-bloomberg-intelligence","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/ethereum-proof-of-stake-merge-set-for-mid-september\/\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/\nhttps:\/\/www.thedistributed.co\/bitcoin-will-return-ruchir-sharma-the-chairman-of-rockefeller-international\/","post_modified":"2023-04-11 00:07:57","post_modified_gmt":"2023-04-10 14:07:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7093","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 15 16 17 18 19 … 41 Next

Most Read

The Coins

Binance Coin (BNB)

December 8, 2022 - Updated on January 15, 2023

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
\"By leveraging Ripple\u2019s enterprise readiness and carbon neutral XRPL\u2019s reliability at scale, Thallo is democratizing access to verified carbon credits for both institutional and retail investors to help offset their carbon footprints in a way that satisfies their key stakeholders,\" added Weber.<\/li><\/ul>\n\n\n\n
See Related: <\/strong><\/em>Ripple vs. SEC: How The Outcome Can Affect The Cryptocurrency Market<\/a><\/p>\n\n\n\n
Thallo's Carbon Neutral Team<\/h2>\n\n\n\n
In the announcement, Thallo defined their team as experts in climate and sustainability as well as web3. Alongside Thallo, the 23 partners split into three sectors. The Founding Partners<\/em> include Ripple Labs and Climate Collective to support the development of the platform.<\/li><\/ul>\n\n\n\n
The second sector is the Integrity Partners<\/em> which are academic instiutions, non-profits, and associations which aim to scale carbon markets with integrity such as Carbon Business Council and Crypto Climate Accord.<\/li><\/ul>\n\n\n\n
Finally, the largest sector with 14 companies, the Innovation Partners<\/em>, are the companies that develop the key aspects of the marketplace including Chainlink, Celo Foundation and Filecoin Green.<\/li><\/ul>\n\n\n\nSee Related:<\/em><\/strong> Crypto Mining Is a Threat To The U.S. Climate Commitments And Goals, White House Appraised<\/a><\/p>\n","post_title":"Ripple Labs Partner With Thallo To Develop Carbon Credit Marketplace","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-labs-partner-with-thallo-to-develop-carbon-credit-marketplace","to_ping":"","pinged":"","post_modified":"2022-10-08 00:24:06","post_modified_gmt":"2022-10-07 13:24:06","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7530","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7480,"post_author":"1","post_date":"2022-10-02 00:26:44","post_date_gmt":"2022-10-01 14:26:44","post_content":"\n
David Rubenstein, the billionaire co-founder\/chairman of The Carlyle Group was interviewed by fellow billionaire Ken Griffin to discuss<\/a> his view on crypto assets.<\/p>\n\n\n\n
Rubenstein, although not an investor in cryptocurrencies directly has been indirectly investing in them through companies that service the industry. \u201cI have not invested in cryptocurrencies. But I have invested in my family office through companies that service the industry,\" he states.<\/li><\/ul>\n\n\n\n
Although Rubenstein believes \"the industry is not going away anytime soon,\" he states that \"I can\u2019t pick which of the 18,000 cryptocurrencies are going to work. But I think the industry is not going away,\" as there are countless investors who've increasingly lobbied congress to prevent over-regulation.<\/li><\/ul>\n\n\n\n
Griffin asked \"What do you think about cryptocurrencies,\" Rubenstein responded that \"if it gives you pleasure to do the gambling allocate enough money that you can afford to lose, with crypto that was my view for some time...I now think that crypto is not going to go away the way some people have thought and while you can argue it's worthless in some respects, many things that people buy are maybe worthless.\"<\/li><\/ul>\n\n\n\n
The billionaire also believes that the reason so many people want to invest in crypto assets is to take some of the power away that the government and authorities have. \"They tend to be liking this thing that's anti-government, they want to have some of their assets and things that the government can't control or know what they're doing.\"<\/li><\/ul>\n\n\n\n
See Related: <\/em><\/strong>Bitcoins Bottom Is Likely In, Crypto Analyst Benjamin Cowen<\/a><\/p>\n\n\n\n
\nhttps:\/\/www.youtube.com\/watch?v=R-RHmKx9xTY\n<\/div><\/figure>\n","post_title":"Crypto Is Not Going Away, Billionaire David Rubenstein","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"crypto-is-not-going-away-billionaire-david-rubenstein","to_ping":"","pinged":"","post_modified":"2022-10-03 16:02:18","post_modified_gmt":"2022-10-03 05:02:18","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7480","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7348,"post_author":"1","post_date":"2022-09-25 00:12:26","post_date_gmt":"2022-09-24 14:12:26","post_content":"\n
Ethereum recently merged its proof-of-work (PoW) blockchain with its proof-of-stake (PoS) blockchain which reduced its energy consumption by 99.95% and made the network more scalable for future projects.<\/p>\n\n\n\n
At the recent Mainnet event, Ethereum co-founder Vitalik Buterin<\/a> was questioned<\/a> about PoS<\/a> as a consensus model. \"Should all networks move to PoS?\" Ryan Selkis<\/a> asked, Buterin replied that \"As PoS matures I would expect it to increase in legitimacy over time. I hope Zcash moves over and I am hopeful Dogecoin moves to PoS soon.\"<\/li><\/ul>\n\n\n\n
Zcash is a blockchain that focused heavily on user privacy with the company behind Zcash already detailing<\/a> how the privacy coin would transition to PoS. This may not be as simple due to the heavy decentralization of the network, comparing it to its launch<\/a> which had 6 pseudonymous identities all with a portion of the network's private key.<\/li><\/ul>\n\n\n\n
On the other hand, Dogecoin is a cryptocurrency that has grown heavily in popularity over the past few years despite launching to mock cryptocurrencies. Dogecoin is now commonly accepted by vendors and its developers have expressed interest in a PoS chain.<\/li><\/ul>\n\n\n\n
ZCash is currently trading at $57.59 and is the 54th largest token<\/a> by market cap. Dogecoin is currently trading at $0.066 and is the 10th largest token by ma<\/a>r<\/a>ket cap<\/a>.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Hopeful That ZCash And Dogecoin Move To PoS - Vitalik Buterin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hopeful-that-zcash-and-dogecoin-move-to-pos-vitalik-buterin","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/proof-of-stake\/\nhttps:\/\/www.thedistributed.co\/whistleblower-edward-snowden-played-a-key-role-in-the-creation-of-zcash\/","post_modified":"2023-04-30 21:30:23","post_modified_gmt":"2023-04-30 11:30:23","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7348","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7259,"post_author":"1","post_date":"2022-09-21 21:11:23","post_date_gmt":"2022-09-21 11:11:23","post_content":"\n
Katherine Polk Failla, a New York judge, has ordered<\/a> Tether to reveal the financial documents that prove its backing of the stable<\/a>c<\/a>oin<\/a>.<\/p>\n\n\n\n
Tether is required to provide the United States District Court for the Southern District of New York with \u201cgeneral ledgers, balance sheets, income statements, cash-flow statements, and profit and loss statements.\" The lawsuit alleges that Tether had conspired to artificially inflate the price of Bitcoin through a USDT campaign.<\/li><\/ul>\n\n\n\n
Tether has avoided providing these documents as they are \"sensitive\", although Failla justified the plaintiffs require the documents \"to asses the backing of USDT with US dollars...The documents sought in the transactions RFPs appear to go to one of Plaintiffs\u2019 core allegations: that the B\/T Defendants engaged in cyptocommodities transactions using unbacked USDT, and that those transactions \u201cwere strategically timed to inflate the market.\u2019\u201d<\/li><\/ul>\n\n\n\n
Tether is also required to cough up accounts and details related to accounts held with Bitfiniex, Bittrex, and Poloniex as apart of a case<\/a> against iFinex started in 2019 - the company behind Bitfinex and Tether.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Tethers Peso-Backed Stablecoin MXNT Launches In Mexico<\/a><\/p>\n","post_title":"Tether Ordered To Reveal USDTs Exact Backings","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tether-ordered-to-reveal-usdts-exact-backings","to_ping":"","pinged":"","post_modified":"2023-04-10 18:53:49","post_modified_gmt":"2023-04-10 08:53:49","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7259","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7229,"post_author":"1","post_date":"2022-09-20 22:22:55","post_date_gmt":"2022-09-20 12:22:55","post_content":"\n
Raoul Pal, a former executive at Goldman Sachs and macro expert believes that Ethereum could lead markets in the next bull cycle.<\/p>\n\n\n\n
Pal recently hosted<\/a> an ask me anything (AMA). Amongst various different questions, Pal predicted that \u201cas adoption keeps building, a lot of adoption spills outside of ETH into the Solana, Avalanche, and a bunch of other protocols as well.\" He added that \"we\u2019re going to see ETH lead the charge, and then we\u2019ll see this tail of stuff starting to come as we start a new bull market and generally things work that way.\u201d<\/p>\n\n\n\n
Pal is keeping his eye on one Ethereum competitor though. \u201cI think a lot of these layer ones this time around will be like ETH in the last cycle. They\u2019ll end up becoming very large dominant chains. Which ones? I don\u2019t really know. My bet is really on Solana, but it could be any of these.\" He added that he is \"watching them and waiting to see,\" tracking SOL\/ETH using a DeMark indicator.<\/p>\n\n\n\n
Pal also recommends listening to a broad base of opinions when doing research for the upcoming markets. \"You weigh them [varying opinions] yourself, how important is that to me?... Having people's opposite opinions, differences, and nuances, is really important for the macro scenario...Once you start listening to a lot of people you can start formulating your own opinions.\" <\/p>\n\n\n\n
He believes that you should follow what makes the most sense from your view - this added responsibility will likely form a better and stronger choice for yourself.<\/p>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n\n\n\n
\nhttps:\/\/www.youtube.com\/watch?v=H5j8mHKHScU\n<\/div>
Raoul Pal - Ask Me Anything<\/figcaption><\/figure>\n","post_title":"ETH Will Lead Charge Next Cycle Predicts Raoul Pal","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"eth-will-lead-charge-next-cycle-predicts-raoul-pal","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-misconceptions-with-the-ethereum-merge\/","post_modified":"2023-04-10 18:54:37","post_modified_gmt":"2023-04-10 08:54:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7229","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7153,"post_author":"1","post_date":"2022-09-19 20:57:39","post_date_gmt":"2022-09-19 10:57:39","post_content":"\n
Ethereum has just completed its merge<\/a> to a proof-of-stake<\/a> consensus from proof-of-work, could the primary source of validation bring in more institutional investors?<\/p>\n\n\n\n
\"They're [instiutional investors] looking for yield,\" said<\/a> FalconX CEO Raghu Yarlagadda in a recent interview with CoinDesk, \"with the ETH merge, the possibility of generating a sustainable, stable yield is interesting\" he added. <\/li><\/ul>\n\n\n\n
PoS is a consensus mechanism where transactions are validated through users staking their coins, in return for staking users will receive a small fee for playing their part. Currently, on Ethereum, this may yield users around 10-15% annually which makes it an alternative to typical bonds. <\/li><\/ul>\n\n\n\n
The reduced energy consumption could also make for a more eco-friendly investment in institutional eyes. Environmental, Social, and Governance (ESG) is a metric popular amongst various institutions, so Ethereum reducing its energy consumption by 99.95% and reducing<\/a> the world's energy consumption by 0.02% is a big plus.<\/li><\/ul>\n\n\n\n
Ethereum will also be more scarce now the merge has happened with annual issuance dropping ~90% to 600,000 per year and burning<\/a> of Ethereum transaction fees, along with staking taking even more Ethereum out of circulation.<\/li><\/ul>\n\n\n\n
Although it may attract institutional investors, using it in an institutional scene may not be the most efficient thing to do as of yet. Currently, Ethereum has 15 transactions per second (TP\/S) compared to VISA with ~1,700 and Solana at 2,300. The merge promises to make Ethereum more accessible which could bring scaling solutions to light that improve its lacking metrics.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Ethereum May Attract Institutional Investors \"Looking For Yield\"","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-may-attract-institutional-investors-looking-for-yield","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2023-04-10 18:54:55","post_modified_gmt":"2023-04-10 08:54:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7153","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7141,"post_author":"1","post_date":"2022-09-14 22:57:51","post_date_gmt":"2022-09-14 12:57:51","post_content":"\n
Do Kwon, co-founder of Terraform Labs has been issued an arrest warrant by a South Korean court in the wake of Terra Luna's collapse<\/a> earlier this year.<\/p>\n\n\n\n
A report<\/a> from South Korean news outlet Chosun Ilbo details that there were an additional 5 arrest warrants laid out. This includes Nicholas Platias, a founding member of Terraform Labs, and Han Mo, an employee. The charges being faced are for violating the Capital Markets Act. As prosecutors believe that Terra Luna falls under an \u201cinvestment contract security\u201d.<\/li><\/ul>\n\n\n\n
Although the warrant was issued by a South Korean court, key members of Terraform Labs including Kwon and the 5 other individuals are currently located in Singapore. As a result, the warrant is valid for the next year. This comes after South Korean authorities banned<\/a> Terra Luna's main designers from leaving the country.<\/li><\/ul>\n\n\n\n
After LUNA and sister stablecoin<\/a> UST collapsed earlier this year, investors were bought to outrage with a combined US$42B wiped out from the two coins alongside a 99.99% drop in price. In turn, investors were quick to sue Kwon and others for violating various laws and acts as rumors<\/a> were quick to spread in relation to the downfall.<\/li><\/ul>\n\n\n\n
See Related:<\/strong><\/em> War On Code \u2013 Tornado Cash Developer Alexey Pertsev Arrested<\/a><\/p>\n","post_title":"Terra's Do Kwon Wanted For Arrest By Seoul Court","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"terras-do-kwon-wanted-for-arrest-by-seoul-court","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-30 21:31:32","post_modified_gmt":"2023-04-30 11:31:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7141","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7107,"post_author":"1","post_date":"2022-09-12 21:36:27","post_date_gmt":"2022-09-12 11:36:27","post_content":"\n
Benjamin Cowen<\/a> is a well-regarded crypto analyst, using a historically accurate indicator he has found it likely that Bitcoin has hit its bottom or is very close to doing so.<\/p>\n\n\n\n
Cowen was recently featured<\/a> on Kitco News where he discussed his use of the metric. \"One of the interesting things about this chart is that historically, Bitcoin does not bottom until after they cross,\" he stated.<\/li><\/ul>\n\n\n\n
The indicator Cowen used is the Bitcoin Percentage Of Supply In Profit And Loss<\/a>. This indicates how many Bitcoins are at a profit or loss for their holders. Looking at the chart from a widened perspective Cowen shows how this metric has accompanied tops and bottoms over the long term.<\/li><\/ul>\n\n\n\n
Cowen added that they have recently just crossed each other and how the bottom typically occurs after they cross. \"When it comes up here, that\u2019s generally the time where you want to scale out when we\u2019re continuing to push those new all-time highs so to me this is an indicator that would suggest that if we did get another leg down there\u2019s a lot of evidence that could be the major bottom,\" he added.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bullish On Bitcoin, It\u2019s Trading At A Discount \u2013 Bloomberg Intelligence<\/a><\/p>\n\n\n\n
$\"Benjamin$
Benjamin Cowen Illustrating The Bitcoin Percentage Of Supply In Profit And Loss Metric Source: YouTube\/Kitco News<\/em><\/figcaption><\/figure>\n","post_title":"Bitcoins Bottom Is Likely In, Crypto Analyst Benjamin Cowen","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoins-bottom-is-likely-in-crypto-analyst-benjamin-cowen","to_ping":"","pinged":"","post_modified":"2023-04-11 00:07:43","post_modified_gmt":"2023-04-10 14:07:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7107","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7093,"post_author":"1","post_date":"2022-09-11 19:27:57","post_date_gmt":"2022-09-11 09:27:57","post_content":"\n
Mike McGlone is a senior strategist at Bloomberg Intelligence, has recently shared multiple on Twitter discussing various commodities and concerns related to the current state of markets worldwide.<\/p>\n\n\n\n
In one tweet McGlone outlined his September Crypto Outlook<\/a><\/em> where he believes that the world is leaning towards a recession in light of recent events including the tightening of interest rates by the Federal Reserve.<\/li><\/ul>\n\n\n\n
A key indicator that had encouraged the Fed's fight against inflation was the soar in energy prices. This pressured high-risk assets, namely cryptocurrencies, and once the dust settles from recent events crypto prices will start to \"bouy\" as \u201ccrude oil decline may fuel Bitcoin recovery.\u201d Reuters recently reported<\/a> that the Strategic Petroleum Reserve (SPR) fell to its lowest level in more than 35 years.<\/li><\/ul>\n\n\n\n
Price data from 2018-19 was compared to price data from today showing a similar benchmark where \"Bitcoin is at a discount within an elongated bull market.\"<\/li><\/ul>\n\n\n\n
$\""Too$
Bitcoin Price Data. Source: Bloomberg Intelligence<\/figcaption><\/figure>\n\n\n\n
In an interview<\/a> with Bell Media, McGlone believes that cryptocurrencies will continue to outperform traditional assets with declining volatility. He hints at being bullish on Bitcoin believing will put in a bottom at, or below $20,000 similar to 2018 and 2013 before going into an upward trajectory.<\/li><\/ul>\n\n\n\n
McGlone hinted at Ethereum becoming a large part of the financial system as the merge<\/a> approaches due to its ability to make tokenized assets<\/a> readily accessible to the public just like ETFs had done with traditional assets.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Will Return \u2013 Ruchir Sharma, The Chairman Of Rockefeller International<\/a><\/p>\n","post_title":"Bullish On Bitcoin, It's Trading At A Discount - Bloomberg Intelligence","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bullish-on-bitcoin-its-trading-at-a-discount-bloomberg-intelligence","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/ethereum-proof-of-stake-merge-set-for-mid-september\/\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/\nhttps:\/\/www.thedistributed.co\/bitcoin-will-return-ruchir-sharma-the-chairman-of-rockefeller-international\/","post_modified":"2023-04-11 00:07:57","post_modified_gmt":"2023-04-10 14:07:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7093","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
\u201cAs the demand for carbon credits intensifies, blockchain and crypto technology is uniquely positioned to help support market growth by solving persistent challenges around transparency, traceability and verification,\u201d says Ken Weber a senior VP for Ripple's social impact and sustainability sector in Thallos announcement.<\/li><\/ul>\n\n\n\n
\"By leveraging Ripple\u2019s enterprise readiness and carbon neutral XRPL\u2019s reliability at scale, Thallo is democratizing access to verified carbon credits for both institutional and retail investors to help offset their carbon footprints in a way that satisfies their key stakeholders,\" added Weber.<\/li><\/ul>\n\n\n\n
See Related: <\/strong><\/em>Ripple vs. SEC: How The Outcome Can Affect The Cryptocurrency Market<\/a><\/p>\n\n\n\n
Thallo's Carbon Neutral Team<\/h2>\n\n\n\n
In the announcement, Thallo defined their team as experts in climate and sustainability as well as web3. Alongside Thallo, the 23 partners split into three sectors. The Founding Partners<\/em> include Ripple Labs and Climate Collective to support the development of the platform.<\/li><\/ul>\n\n\n\n
The second sector is the Integrity Partners<\/em> which are academic instiutions, non-profits, and associations which aim to scale carbon markets with integrity such as Carbon Business Council and Crypto Climate Accord.<\/li><\/ul>\n\n\n\n
Finally, the largest sector with 14 companies, the Innovation Partners<\/em>, are the companies that develop the key aspects of the marketplace including Chainlink, Celo Foundation and Filecoin Green.<\/li><\/ul>\n\n\n\nSee Related:<\/em><\/strong> Crypto Mining Is a Threat To The U.S. Climate Commitments And Goals, White House Appraised<\/a><\/p>\n","post_title":"Ripple Labs Partner With Thallo To Develop Carbon Credit Marketplace","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-labs-partner-with-thallo-to-develop-carbon-credit-marketplace","to_ping":"","pinged":"","post_modified":"2022-10-08 00:24:06","post_modified_gmt":"2022-10-07 13:24:06","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7530","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7480,"post_author":"1","post_date":"2022-10-02 00:26:44","post_date_gmt":"2022-10-01 14:26:44","post_content":"\n
David Rubenstein, the billionaire co-founder\/chairman of The Carlyle Group was interviewed by fellow billionaire Ken Griffin to discuss<\/a> his view on crypto assets.<\/p>\n\n\n\n
Rubenstein, although not an investor in cryptocurrencies directly has been indirectly investing in them through companies that service the industry. \u201cI have not invested in cryptocurrencies. But I have invested in my family office through companies that service the industry,\" he states.<\/li><\/ul>\n\n\n\n
Although Rubenstein believes \"the industry is not going away anytime soon,\" he states that \"I can\u2019t pick which of the 18,000 cryptocurrencies are going to work. But I think the industry is not going away,\" as there are countless investors who've increasingly lobbied congress to prevent over-regulation.<\/li><\/ul>\n\n\n\n
Griffin asked \"What do you think about cryptocurrencies,\" Rubenstein responded that \"if it gives you pleasure to do the gambling allocate enough money that you can afford to lose, with crypto that was my view for some time...I now think that crypto is not going to go away the way some people have thought and while you can argue it's worthless in some respects, many things that people buy are maybe worthless.\"<\/li><\/ul>\n\n\n\n
The billionaire also believes that the reason so many people want to invest in crypto assets is to take some of the power away that the government and authorities have. \"They tend to be liking this thing that's anti-government, they want to have some of their assets and things that the government can't control or know what they're doing.\"<\/li><\/ul>\n\n\n\n
See Related: <\/em><\/strong>Bitcoins Bottom Is Likely In, Crypto Analyst Benjamin Cowen<\/a><\/p>\n\n\n\n
\nhttps:\/\/www.youtube.com\/watch?v=R-RHmKx9xTY\n<\/div><\/figure>\n","post_title":"Crypto Is Not Going Away, Billionaire David Rubenstein","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"crypto-is-not-going-away-billionaire-david-rubenstein","to_ping":"","pinged":"","post_modified":"2022-10-03 16:02:18","post_modified_gmt":"2022-10-03 05:02:18","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7480","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7348,"post_author":"1","post_date":"2022-09-25 00:12:26","post_date_gmt":"2022-09-24 14:12:26","post_content":"\n
Ethereum recently merged its proof-of-work (PoW) blockchain with its proof-of-stake (PoS) blockchain which reduced its energy consumption by 99.95% and made the network more scalable for future projects.<\/p>\n\n\n\n
At the recent Mainnet event, Ethereum co-founder Vitalik Buterin<\/a> was questioned<\/a> about PoS<\/a> as a consensus model. \"Should all networks move to PoS?\" Ryan Selkis<\/a> asked, Buterin replied that \"As PoS matures I would expect it to increase in legitimacy over time. I hope Zcash moves over and I am hopeful Dogecoin moves to PoS soon.\"<\/li><\/ul>\n\n\n\n
Zcash is a blockchain that focused heavily on user privacy with the company behind Zcash already detailing<\/a> how the privacy coin would transition to PoS. This may not be as simple due to the heavy decentralization of the network, comparing it to its launch<\/a> which had 6 pseudonymous identities all with a portion of the network's private key.<\/li><\/ul>\n\n\n\n
On the other hand, Dogecoin is a cryptocurrency that has grown heavily in popularity over the past few years despite launching to mock cryptocurrencies. Dogecoin is now commonly accepted by vendors and its developers have expressed interest in a PoS chain.<\/li><\/ul>\n\n\n\n
ZCash is currently trading at $57.59 and is the 54th largest token<\/a> by market cap. Dogecoin is currently trading at $0.066 and is the 10th largest token by ma<\/a>r<\/a>ket cap<\/a>.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Hopeful That ZCash And Dogecoin Move To PoS - Vitalik Buterin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hopeful-that-zcash-and-dogecoin-move-to-pos-vitalik-buterin","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/proof-of-stake\/\nhttps:\/\/www.thedistributed.co\/whistleblower-edward-snowden-played-a-key-role-in-the-creation-of-zcash\/","post_modified":"2023-04-30 21:30:23","post_modified_gmt":"2023-04-30 11:30:23","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7348","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7259,"post_author":"1","post_date":"2022-09-21 21:11:23","post_date_gmt":"2022-09-21 11:11:23","post_content":"\n
Katherine Polk Failla, a New York judge, has ordered<\/a> Tether to reveal the financial documents that prove its backing of the stable<\/a>c<\/a>oin<\/a>.<\/p>\n\n\n\n
Tether is required to provide the United States District Court for the Southern District of New York with \u201cgeneral ledgers, balance sheets, income statements, cash-flow statements, and profit and loss statements.\" The lawsuit alleges that Tether had conspired to artificially inflate the price of Bitcoin through a USDT campaign.<\/li><\/ul>\n\n\n\n
Tether has avoided providing these documents as they are \"sensitive\", although Failla justified the plaintiffs require the documents \"to asses the backing of USDT with US dollars...The documents sought in the transactions RFPs appear to go to one of Plaintiffs\u2019 core allegations: that the B\/T Defendants engaged in cyptocommodities transactions using unbacked USDT, and that those transactions \u201cwere strategically timed to inflate the market.\u2019\u201d<\/li><\/ul>\n\n\n\n
Tether is also required to cough up accounts and details related to accounts held with Bitfiniex, Bittrex, and Poloniex as apart of a case<\/a> against iFinex started in 2019 - the company behind Bitfinex and Tether.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Tethers Peso-Backed Stablecoin MXNT Launches In Mexico<\/a><\/p>\n","post_title":"Tether Ordered To Reveal USDTs Exact Backings","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tether-ordered-to-reveal-usdts-exact-backings","to_ping":"","pinged":"","post_modified":"2023-04-10 18:53:49","post_modified_gmt":"2023-04-10 08:53:49","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7259","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7229,"post_author":"1","post_date":"2022-09-20 22:22:55","post_date_gmt":"2022-09-20 12:22:55","post_content":"\n
Raoul Pal, a former executive at Goldman Sachs and macro expert believes that Ethereum could lead markets in the next bull cycle.<\/p>\n\n\n\n
Pal recently hosted<\/a> an ask me anything (AMA). Amongst various different questions, Pal predicted that \u201cas adoption keeps building, a lot of adoption spills outside of ETH into the Solana, Avalanche, and a bunch of other protocols as well.\" He added that \"we\u2019re going to see ETH lead the charge, and then we\u2019ll see this tail of stuff starting to come as we start a new bull market and generally things work that way.\u201d<\/p>\n\n\n\n
Pal is keeping his eye on one Ethereum competitor though. \u201cI think a lot of these layer ones this time around will be like ETH in the last cycle. They\u2019ll end up becoming very large dominant chains. Which ones? I don\u2019t really know. My bet is really on Solana, but it could be any of these.\" He added that he is \"watching them and waiting to see,\" tracking SOL\/ETH using a DeMark indicator.<\/p>\n\n\n\n
Pal also recommends listening to a broad base of opinions when doing research for the upcoming markets. \"You weigh them [varying opinions] yourself, how important is that to me?... Having people's opposite opinions, differences, and nuances, is really important for the macro scenario...Once you start listening to a lot of people you can start formulating your own opinions.\" <\/p>\n\n\n\n
He believes that you should follow what makes the most sense from your view - this added responsibility will likely form a better and stronger choice for yourself.<\/p>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n\n\n\n
\nhttps:\/\/www.youtube.com\/watch?v=H5j8mHKHScU\n<\/div>
Raoul Pal - Ask Me Anything<\/figcaption><\/figure>\n","post_title":"ETH Will Lead Charge Next Cycle Predicts Raoul Pal","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"eth-will-lead-charge-next-cycle-predicts-raoul-pal","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-misconceptions-with-the-ethereum-merge\/","post_modified":"2023-04-10 18:54:37","post_modified_gmt":"2023-04-10 08:54:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7229","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7153,"post_author":"1","post_date":"2022-09-19 20:57:39","post_date_gmt":"2022-09-19 10:57:39","post_content":"\n
Ethereum has just completed its merge<\/a> to a proof-of-stake<\/a> consensus from proof-of-work, could the primary source of validation bring in more institutional investors?<\/p>\n\n\n\n
\"They're [instiutional investors] looking for yield,\" said<\/a> FalconX CEO Raghu Yarlagadda in a recent interview with CoinDesk, \"with the ETH merge, the possibility of generating a sustainable, stable yield is interesting\" he added. <\/li><\/ul>\n\n\n\n
PoS is a consensus mechanism where transactions are validated through users staking their coins, in return for staking users will receive a small fee for playing their part. Currently, on Ethereum, this may yield users around 10-15% annually which makes it an alternative to typical bonds. <\/li><\/ul>\n\n\n\n
The reduced energy consumption could also make for a more eco-friendly investment in institutional eyes. Environmental, Social, and Governance (ESG) is a metric popular amongst various institutions, so Ethereum reducing its energy consumption by 99.95% and reducing<\/a> the world's energy consumption by 0.02% is a big plus.<\/li><\/ul>\n\n\n\n
Ethereum will also be more scarce now the merge has happened with annual issuance dropping ~90% to 600,000 per year and burning<\/a> of Ethereum transaction fees, along with staking taking even more Ethereum out of circulation.<\/li><\/ul>\n\n\n\n
Although it may attract institutional investors, using it in an institutional scene may not be the most efficient thing to do as of yet. Currently, Ethereum has 15 transactions per second (TP\/S) compared to VISA with ~1,700 and Solana at 2,300. The merge promises to make Ethereum more accessible which could bring scaling solutions to light that improve its lacking metrics.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Ethereum May Attract Institutional Investors \"Looking For Yield\"","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-may-attract-institutional-investors-looking-for-yield","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2023-04-10 18:54:55","post_modified_gmt":"2023-04-10 08:54:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7153","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7141,"post_author":"1","post_date":"2022-09-14 22:57:51","post_date_gmt":"2022-09-14 12:57:51","post_content":"\n
Do Kwon, co-founder of Terraform Labs has been issued an arrest warrant by a South Korean court in the wake of Terra Luna's collapse<\/a> earlier this year.<\/p>\n\n\n\n
A report<\/a> from South Korean news outlet Chosun Ilbo details that there were an additional 5 arrest warrants laid out. This includes Nicholas Platias, a founding member of Terraform Labs, and Han Mo, an employee. The charges being faced are for violating the Capital Markets Act. As prosecutors believe that Terra Luna falls under an \u201cinvestment contract security\u201d.<\/li><\/ul>\n\n\n\n
Although the warrant was issued by a South Korean court, key members of Terraform Labs including Kwon and the 5 other individuals are currently located in Singapore. As a result, the warrant is valid for the next year. This comes after South Korean authorities banned<\/a> Terra Luna's main designers from leaving the country.<\/li><\/ul>\n\n\n\n
After LUNA and sister stablecoin<\/a> UST collapsed earlier this year, investors were bought to outrage with a combined US$42B wiped out from the two coins alongside a 99.99% drop in price. In turn, investors were quick to sue Kwon and others for violating various laws and acts as rumors<\/a> were quick to spread in relation to the downfall.<\/li><\/ul>\n\n\n\n
See Related:<\/strong><\/em> War On Code \u2013 Tornado Cash Developer Alexey Pertsev Arrested<\/a><\/p>\n","post_title":"Terra's Do Kwon Wanted For Arrest By Seoul Court","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"terras-do-kwon-wanted-for-arrest-by-seoul-court","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-30 21:31:32","post_modified_gmt":"2023-04-30 11:31:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7141","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7107,"post_author":"1","post_date":"2022-09-12 21:36:27","post_date_gmt":"2022-09-12 11:36:27","post_content":"\n
Benjamin Cowen<\/a> is a well-regarded crypto analyst, using a historically accurate indicator he has found it likely that Bitcoin has hit its bottom or is very close to doing so.<\/p>\n\n\n\n
Cowen was recently featured<\/a> on Kitco News where he discussed his use of the metric. \"One of the interesting things about this chart is that historically, Bitcoin does not bottom until after they cross,\" he stated.<\/li><\/ul>\n\n\n\n
The indicator Cowen used is the Bitcoin Percentage Of Supply In Profit And Loss<\/a>. This indicates how many Bitcoins are at a profit or loss for their holders. Looking at the chart from a widened perspective Cowen shows how this metric has accompanied tops and bottoms over the long term.<\/li><\/ul>\n\n\n\n
Cowen added that they have recently just crossed each other and how the bottom typically occurs after they cross. \"When it comes up here, that\u2019s generally the time where you want to scale out when we\u2019re continuing to push those new all-time highs so to me this is an indicator that would suggest that if we did get another leg down there\u2019s a lot of evidence that could be the major bottom,\" he added.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bullish On Bitcoin, It\u2019s Trading At A Discount \u2013 Bloomberg Intelligence<\/a><\/p>\n\n\n\n
$\"Benjamin$
Benjamin Cowen Illustrating The Bitcoin Percentage Of Supply In Profit And Loss Metric Source: YouTube\/Kitco News<\/em><\/figcaption><\/figure>\n","post_title":"Bitcoins Bottom Is Likely In, Crypto Analyst Benjamin Cowen","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoins-bottom-is-likely-in-crypto-analyst-benjamin-cowen","to_ping":"","pinged":"","post_modified":"2023-04-11 00:07:43","post_modified_gmt":"2023-04-10 14:07:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7107","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7093,"post_author":"1","post_date":"2022-09-11 19:27:57","post_date_gmt":"2022-09-11 09:27:57","post_content":"\n
Mike McGlone is a senior strategist at Bloomberg Intelligence, has recently shared multiple on Twitter discussing various commodities and concerns related to the current state of markets worldwide.<\/p>\n\n\n\n
In one tweet McGlone outlined his September Crypto Outlook<\/a><\/em> where he believes that the world is leaning towards a recession in light of recent events including the tightening of interest rates by the Federal Reserve.<\/li><\/ul>\n\n\n\n
A key indicator that had encouraged the Fed's fight against inflation was the soar in energy prices. This pressured high-risk assets, namely cryptocurrencies, and once the dust settles from recent events crypto prices will start to \"bouy\" as \u201ccrude oil decline may fuel Bitcoin recovery.\u201d Reuters recently reported<\/a> that the Strategic Petroleum Reserve (SPR) fell to its lowest level in more than 35 years.<\/li><\/ul>\n\n\n\n
Price data from 2018-19 was compared to price data from today showing a similar benchmark where \"Bitcoin is at a discount within an elongated bull market.\"<\/li><\/ul>\n\n\n\n
$\""Too$
Bitcoin Price Data. Source: Bloomberg Intelligence<\/figcaption><\/figure>\n\n\n\n
In an interview<\/a> with Bell Media, McGlone believes that cryptocurrencies will continue to outperform traditional assets with declining volatility. He hints at being bullish on Bitcoin believing will put in a bottom at, or below $20,000 similar to 2018 and 2013 before going into an upward trajectory.<\/li><\/ul>\n\n\n\n
McGlone hinted at Ethereum becoming a large part of the financial system as the merge<\/a> approaches due to its ability to make tokenized assets<\/a> readily accessible to the public just like ETFs had done with traditional assets.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Will Return \u2013 Ruchir Sharma, The Chairman Of Rockefeller International<\/a><\/p>\n","post_title":"Bullish On Bitcoin, It's Trading At A Discount - Bloomberg Intelligence","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bullish-on-bitcoin-its-trading-at-a-discount-bloomberg-intelligence","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/ethereum-proof-of-stake-merge-set-for-mid-september\/\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/\nhttps:\/\/www.thedistributed.co\/bitcoin-will-return-ruchir-sharma-the-chairman-of-rockefeller-international\/","post_modified":"2023-04-11 00:07:57","post_modified_gmt":"2023-04-10 14:07:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7093","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
Carbon credits are given to companies and define how much emissions they're allowed to put out, which can be traded between companies. Thallo aims to solve liquidity and pricing problems within the current carbon credit marketplace.<\/li><\/ul>\n\n\n\n
\u201cAs the demand for carbon credits intensifies, blockchain and crypto technology is uniquely positioned to help support market growth by solving persistent challenges around transparency, traceability and verification,\u201d says Ken Weber a senior VP for Ripple's social impact and sustainability sector in Thallos announcement.<\/li><\/ul>\n\n\n\n
\"By leveraging Ripple\u2019s enterprise readiness and carbon neutral XRPL\u2019s reliability at scale, Thallo is democratizing access to verified carbon credits for both institutional and retail investors to help offset their carbon footprints in a way that satisfies their key stakeholders,\" added Weber.<\/li><\/ul>\n\n\n\n
See Related: <\/strong><\/em>Ripple vs. SEC: How The Outcome Can Affect The Cryptocurrency Market<\/a><\/p>\n\n\n\n
Thallo's Carbon Neutral Team<\/h2>\n\n\n\n
In the announcement, Thallo defined their team as experts in climate and sustainability as well as web3. Alongside Thallo, the 23 partners split into three sectors. The Founding Partners<\/em> include Ripple Labs and Climate Collective to support the development of the platform.<\/li><\/ul>\n\n\n\n
The second sector is the Integrity Partners<\/em> which are academic instiutions, non-profits, and associations which aim to scale carbon markets with integrity such as Carbon Business Council and Crypto Climate Accord.<\/li><\/ul>\n\n\n\n
Finally, the largest sector with 14 companies, the Innovation Partners<\/em>, are the companies that develop the key aspects of the marketplace including Chainlink, Celo Foundation and Filecoin Green.<\/li><\/ul>\n\n\n\nSee Related:<\/em><\/strong> Crypto Mining Is a Threat To The U.S. Climate Commitments And Goals, White House Appraised<\/a><\/p>\n","post_title":"Ripple Labs Partner With Thallo To Develop Carbon Credit Marketplace","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-labs-partner-with-thallo-to-develop-carbon-credit-marketplace","to_ping":"","pinged":"","post_modified":"2022-10-08 00:24:06","post_modified_gmt":"2022-10-07 13:24:06","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7530","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7480,"post_author":"1","post_date":"2022-10-02 00:26:44","post_date_gmt":"2022-10-01 14:26:44","post_content":"\n
David Rubenstein, the billionaire co-founder\/chairman of The Carlyle Group was interviewed by fellow billionaire Ken Griffin to discuss<\/a> his view on crypto assets.<\/p>\n\n\n\n
Rubenstein, although not an investor in cryptocurrencies directly has been indirectly investing in them through companies that service the industry. \u201cI have not invested in cryptocurrencies. But I have invested in my family office through companies that service the industry,\" he states.<\/li><\/ul>\n\n\n\n
Although Rubenstein believes \"the industry is not going away anytime soon,\" he states that \"I can\u2019t pick which of the 18,000 cryptocurrencies are going to work. But I think the industry is not going away,\" as there are countless investors who've increasingly lobbied congress to prevent over-regulation.<\/li><\/ul>\n\n\n\n
Griffin asked \"What do you think about cryptocurrencies,\" Rubenstein responded that \"if it gives you pleasure to do the gambling allocate enough money that you can afford to lose, with crypto that was my view for some time...I now think that crypto is not going to go away the way some people have thought and while you can argue it's worthless in some respects, many things that people buy are maybe worthless.\"<\/li><\/ul>\n\n\n\n
The billionaire also believes that the reason so many people want to invest in crypto assets is to take some of the power away that the government and authorities have. \"They tend to be liking this thing that's anti-government, they want to have some of their assets and things that the government can't control or know what they're doing.\"<\/li><\/ul>\n\n\n\n
See Related: <\/em><\/strong>Bitcoins Bottom Is Likely In, Crypto Analyst Benjamin Cowen<\/a><\/p>\n\n\n\n
\nhttps:\/\/www.youtube.com\/watch?v=R-RHmKx9xTY\n<\/div><\/figure>\n","post_title":"Crypto Is Not Going Away, Billionaire David Rubenstein","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"crypto-is-not-going-away-billionaire-david-rubenstein","to_ping":"","pinged":"","post_modified":"2022-10-03 16:02:18","post_modified_gmt":"2022-10-03 05:02:18","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7480","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7348,"post_author":"1","post_date":"2022-09-25 00:12:26","post_date_gmt":"2022-09-24 14:12:26","post_content":"\n
Ethereum recently merged its proof-of-work (PoW) blockchain with its proof-of-stake (PoS) blockchain which reduced its energy consumption by 99.95% and made the network more scalable for future projects.<\/p>\n\n\n\n
At the recent Mainnet event, Ethereum co-founder Vitalik Buterin<\/a> was questioned<\/a> about PoS<\/a> as a consensus model. \"Should all networks move to PoS?\" Ryan Selkis<\/a> asked, Buterin replied that \"As PoS matures I would expect it to increase in legitimacy over time. I hope Zcash moves over and I am hopeful Dogecoin moves to PoS soon.\"<\/li><\/ul>\n\n\n\n
Zcash is a blockchain that focused heavily on user privacy with the company behind Zcash already detailing<\/a> how the privacy coin would transition to PoS. This may not be as simple due to the heavy decentralization of the network, comparing it to its launch<\/a> which had 6 pseudonymous identities all with a portion of the network's private key.<\/li><\/ul>\n\n\n\n
On the other hand, Dogecoin is a cryptocurrency that has grown heavily in popularity over the past few years despite launching to mock cryptocurrencies. Dogecoin is now commonly accepted by vendors and its developers have expressed interest in a PoS chain.<\/li><\/ul>\n\n\n\n
ZCash is currently trading at $57.59 and is the 54th largest token<\/a> by market cap. Dogecoin is currently trading at $0.066 and is the 10th largest token by ma<\/a>r<\/a>ket cap<\/a>.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Hopeful That ZCash And Dogecoin Move To PoS - Vitalik Buterin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hopeful-that-zcash-and-dogecoin-move-to-pos-vitalik-buterin","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/proof-of-stake\/\nhttps:\/\/www.thedistributed.co\/whistleblower-edward-snowden-played-a-key-role-in-the-creation-of-zcash\/","post_modified":"2023-04-30 21:30:23","post_modified_gmt":"2023-04-30 11:30:23","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7348","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7259,"post_author":"1","post_date":"2022-09-21 21:11:23","post_date_gmt":"2022-09-21 11:11:23","post_content":"\n
Katherine Polk Failla, a New York judge, has ordered<\/a> Tether to reveal the financial documents that prove its backing of the stable<\/a>c<\/a>oin<\/a>.<\/p>\n\n\n\n
Tether is required to provide the United States District Court for the Southern District of New York with \u201cgeneral ledgers, balance sheets, income statements, cash-flow statements, and profit and loss statements.\" The lawsuit alleges that Tether had conspired to artificially inflate the price of Bitcoin through a USDT campaign.<\/li><\/ul>\n\n\n\n
Tether has avoided providing these documents as they are \"sensitive\", although Failla justified the plaintiffs require the documents \"to asses the backing of USDT with US dollars...The documents sought in the transactions RFPs appear to go to one of Plaintiffs\u2019 core allegations: that the B\/T Defendants engaged in cyptocommodities transactions using unbacked USDT, and that those transactions \u201cwere strategically timed to inflate the market.\u2019\u201d<\/li><\/ul>\n\n\n\n
Tether is also required to cough up accounts and details related to accounts held with Bitfiniex, Bittrex, and Poloniex as apart of a case<\/a> against iFinex started in 2019 - the company behind Bitfinex and Tether.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Tethers Peso-Backed Stablecoin MXNT Launches In Mexico<\/a><\/p>\n","post_title":"Tether Ordered To Reveal USDTs Exact Backings","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tether-ordered-to-reveal-usdts-exact-backings","to_ping":"","pinged":"","post_modified":"2023-04-10 18:53:49","post_modified_gmt":"2023-04-10 08:53:49","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7259","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7229,"post_author":"1","post_date":"2022-09-20 22:22:55","post_date_gmt":"2022-09-20 12:22:55","post_content":"\n
Raoul Pal, a former executive at Goldman Sachs and macro expert believes that Ethereum could lead markets in the next bull cycle.<\/p>\n\n\n\n
Pal recently hosted<\/a> an ask me anything (AMA). Amongst various different questions, Pal predicted that \u201cas adoption keeps building, a lot of adoption spills outside of ETH into the Solana, Avalanche, and a bunch of other protocols as well.\" He added that \"we\u2019re going to see ETH lead the charge, and then we\u2019ll see this tail of stuff starting to come as we start a new bull market and generally things work that way.\u201d<\/p>\n\n\n\n
Pal is keeping his eye on one Ethereum competitor though. \u201cI think a lot of these layer ones this time around will be like ETH in the last cycle. They\u2019ll end up becoming very large dominant chains. Which ones? I don\u2019t really know. My bet is really on Solana, but it could be any of these.\" He added that he is \"watching them and waiting to see,\" tracking SOL\/ETH using a DeMark indicator.<\/p>\n\n\n\n
Pal also recommends listening to a broad base of opinions when doing research for the upcoming markets. \"You weigh them [varying opinions] yourself, how important is that to me?... Having people's opposite opinions, differences, and nuances, is really important for the macro scenario...Once you start listening to a lot of people you can start formulating your own opinions.\" <\/p>\n\n\n\n
He believes that you should follow what makes the most sense from your view - this added responsibility will likely form a better and stronger choice for yourself.<\/p>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n\n\n\n
\nhttps:\/\/www.youtube.com\/watch?v=H5j8mHKHScU\n<\/div>
Raoul Pal - Ask Me Anything<\/figcaption><\/figure>\n","post_title":"ETH Will Lead Charge Next Cycle Predicts Raoul Pal","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"eth-will-lead-charge-next-cycle-predicts-raoul-pal","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-misconceptions-with-the-ethereum-merge\/","post_modified":"2023-04-10 18:54:37","post_modified_gmt":"2023-04-10 08:54:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7229","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7153,"post_author":"1","post_date":"2022-09-19 20:57:39","post_date_gmt":"2022-09-19 10:57:39","post_content":"\n
Ethereum has just completed its merge<\/a> to a proof-of-stake<\/a> consensus from proof-of-work, could the primary source of validation bring in more institutional investors?<\/p>\n\n\n\n
\"They're [instiutional investors] looking for yield,\" said<\/a> FalconX CEO Raghu Yarlagadda in a recent interview with CoinDesk, \"with the ETH merge, the possibility of generating a sustainable, stable yield is interesting\" he added. <\/li><\/ul>\n\n\n\n
PoS is a consensus mechanism where transactions are validated through users staking their coins, in return for staking users will receive a small fee for playing their part. Currently, on Ethereum, this may yield users around 10-15% annually which makes it an alternative to typical bonds. <\/li><\/ul>\n\n\n\n
The reduced energy consumption could also make for a more eco-friendly investment in institutional eyes. Environmental, Social, and Governance (ESG) is a metric popular amongst various institutions, so Ethereum reducing its energy consumption by 99.95% and reducing<\/a> the world's energy consumption by 0.02% is a big plus.<\/li><\/ul>\n\n\n\n
Ethereum will also be more scarce now the merge has happened with annual issuance dropping ~90% to 600,000 per year and burning<\/a> of Ethereum transaction fees, along with staking taking even more Ethereum out of circulation.<\/li><\/ul>\n\n\n\n
Although it may attract institutional investors, using it in an institutional scene may not be the most efficient thing to do as of yet. Currently, Ethereum has 15 transactions per second (TP\/S) compared to VISA with ~1,700 and Solana at 2,300. The merge promises to make Ethereum more accessible which could bring scaling solutions to light that improve its lacking metrics.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Ethereum May Attract Institutional Investors \"Looking For Yield\"","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-may-attract-institutional-investors-looking-for-yield","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2023-04-10 18:54:55","post_modified_gmt":"2023-04-10 08:54:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7153","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7141,"post_author":"1","post_date":"2022-09-14 22:57:51","post_date_gmt":"2022-09-14 12:57:51","post_content":"\n
Do Kwon, co-founder of Terraform Labs has been issued an arrest warrant by a South Korean court in the wake of Terra Luna's collapse<\/a> earlier this year.<\/p>\n\n\n\n
A report<\/a> from South Korean news outlet Chosun Ilbo details that there were an additional 5 arrest warrants laid out. This includes Nicholas Platias, a founding member of Terraform Labs, and Han Mo, an employee. The charges being faced are for violating the Capital Markets Act. As prosecutors believe that Terra Luna falls under an \u201cinvestment contract security\u201d.<\/li><\/ul>\n\n\n\n
Although the warrant was issued by a South Korean court, key members of Terraform Labs including Kwon and the 5 other individuals are currently located in Singapore. As a result, the warrant is valid for the next year. This comes after South Korean authorities banned<\/a> Terra Luna's main designers from leaving the country.<\/li><\/ul>\n\n\n\n
After LUNA and sister stablecoin<\/a> UST collapsed earlier this year, investors were bought to outrage with a combined US$42B wiped out from the two coins alongside a 99.99% drop in price. In turn, investors were quick to sue Kwon and others for violating various laws and acts as rumors<\/a> were quick to spread in relation to the downfall.<\/li><\/ul>\n\n\n\n
See Related:<\/strong><\/em> War On Code \u2013 Tornado Cash Developer Alexey Pertsev Arrested<\/a><\/p>\n","post_title":"Terra's Do Kwon Wanted For Arrest By Seoul Court","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"terras-do-kwon-wanted-for-arrest-by-seoul-court","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-30 21:31:32","post_modified_gmt":"2023-04-30 11:31:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7141","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7107,"post_author":"1","post_date":"2022-09-12 21:36:27","post_date_gmt":"2022-09-12 11:36:27","post_content":"\n
Benjamin Cowen<\/a> is a well-regarded crypto analyst, using a historically accurate indicator he has found it likely that Bitcoin has hit its bottom or is very close to doing so.<\/p>\n\n\n\n
Cowen was recently featured<\/a> on Kitco News where he discussed his use of the metric. \"One of the interesting things about this chart is that historically, Bitcoin does not bottom until after they cross,\" he stated.<\/li><\/ul>\n\n\n\n
The indicator Cowen used is the Bitcoin Percentage Of Supply In Profit And Loss<\/a>. This indicates how many Bitcoins are at a profit or loss for their holders. Looking at the chart from a widened perspective Cowen shows how this metric has accompanied tops and bottoms over the long term.<\/li><\/ul>\n\n\n\n
Cowen added that they have recently just crossed each other and how the bottom typically occurs after they cross. \"When it comes up here, that\u2019s generally the time where you want to scale out when we\u2019re continuing to push those new all-time highs so to me this is an indicator that would suggest that if we did get another leg down there\u2019s a lot of evidence that could be the major bottom,\" he added.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bullish On Bitcoin, It\u2019s Trading At A Discount \u2013 Bloomberg Intelligence<\/a><\/p>\n\n\n\n
$\"Benjamin$
Benjamin Cowen Illustrating The Bitcoin Percentage Of Supply In Profit And Loss Metric Source: YouTube\/Kitco News<\/em><\/figcaption><\/figure>\n","post_title":"Bitcoins Bottom Is Likely In, Crypto Analyst Benjamin Cowen","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoins-bottom-is-likely-in-crypto-analyst-benjamin-cowen","to_ping":"","pinged":"","post_modified":"2023-04-11 00:07:43","post_modified_gmt":"2023-04-10 14:07:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7107","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7093,"post_author":"1","post_date":"2022-09-11 19:27:57","post_date_gmt":"2022-09-11 09:27:57","post_content":"\n
Mike McGlone is a senior strategist at Bloomberg Intelligence, has recently shared multiple on Twitter discussing various commodities and concerns related to the current state of markets worldwide.<\/p>\n\n\n\n
In one tweet McGlone outlined his September Crypto Outlook<\/a><\/em> where he believes that the world is leaning towards a recession in light of recent events including the tightening of interest rates by the Federal Reserve.<\/li><\/ul>\n\n\n\n
A key indicator that had encouraged the Fed's fight against inflation was the soar in energy prices. This pressured high-risk assets, namely cryptocurrencies, and once the dust settles from recent events crypto prices will start to \"bouy\" as \u201ccrude oil decline may fuel Bitcoin recovery.\u201d Reuters recently reported<\/a> that the Strategic Petroleum Reserve (SPR) fell to its lowest level in more than 35 years.<\/li><\/ul>\n\n\n\n
Price data from 2018-19 was compared to price data from today showing a similar benchmark where \"Bitcoin is at a discount within an elongated bull market.\"<\/li><\/ul>\n\n\n\n
$\""Too$
Bitcoin Price Data. Source: Bloomberg Intelligence<\/figcaption><\/figure>\n\n\n\n
In an interview<\/a> with Bell Media, McGlone believes that cryptocurrencies will continue to outperform traditional assets with declining volatility. He hints at being bullish on Bitcoin believing will put in a bottom at, or below $20,000 similar to 2018 and 2013 before going into an upward trajectory.<\/li><\/ul>\n\n\n\n
McGlone hinted at Ethereum becoming a large part of the financial system as the merge<\/a> approaches due to its ability to make tokenized assets<\/a> readily accessible to the public just like ETFs had done with traditional assets.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Will Return \u2013 Ruchir Sharma, The Chairman Of Rockefeller International<\/a><\/p>\n","post_title":"Bullish On Bitcoin, It's Trading At A Discount - Bloomberg Intelligence","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bullish-on-bitcoin-its-trading-at-a-discount-bloomberg-intelligence","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/ethereum-proof-of-stake-merge-set-for-mid-september\/\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/\nhttps:\/\/www.thedistributed.co\/bitcoin-will-return-ruchir-sharma-the-chairman-of-rockefeller-international\/","post_modified":"2023-04-11 00:07:57","post_modified_gmt":"2023-04-10 14:07:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7093","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
Web3 startup Thallo announced<\/a> a partnership with Ripple Labs, the developers behind XRP, and 22 other partners to launch a blockchain-based carbon credit marketplace.<\/p>\n\n\n\n
Carbon credits are given to companies and define how much emissions they're allowed to put out, which can be traded between companies. Thallo aims to solve liquidity and pricing problems within the current carbon credit marketplace.<\/li><\/ul>\n\n\n\n
\u201cAs the demand for carbon credits intensifies, blockchain and crypto technology is uniquely positioned to help support market growth by solving persistent challenges around transparency, traceability and verification,\u201d says Ken Weber a senior VP for Ripple's social impact and sustainability sector in Thallos announcement.<\/li><\/ul>\n\n\n\n
\"By leveraging Ripple\u2019s enterprise readiness and carbon neutral XRPL\u2019s reliability at scale, Thallo is democratizing access to verified carbon credits for both institutional and retail investors to help offset their carbon footprints in a way that satisfies their key stakeholders,\" added Weber.<\/li><\/ul>\n\n\n\n
See Related: <\/strong><\/em>Ripple vs. SEC: How The Outcome Can Affect The Cryptocurrency Market<\/a><\/p>\n\n\n\n
Thallo's Carbon Neutral Team<\/h2>\n\n\n\n
In the announcement, Thallo defined their team as experts in climate and sustainability as well as web3. Alongside Thallo, the 23 partners split into three sectors. The Founding Partners<\/em> include Ripple Labs and Climate Collective to support the development of the platform.<\/li><\/ul>\n\n\n\n
The second sector is the Integrity Partners<\/em> which are academic instiutions, non-profits, and associations which aim to scale carbon markets with integrity such as Carbon Business Council and Crypto Climate Accord.<\/li><\/ul>\n\n\n\n
Finally, the largest sector with 14 companies, the Innovation Partners<\/em>, are the companies that develop the key aspects of the marketplace including Chainlink, Celo Foundation and Filecoin Green.<\/li><\/ul>\n\n\n\nSee Related:<\/em><\/strong> Crypto Mining Is a Threat To The U.S. Climate Commitments And Goals, White House Appraised<\/a><\/p>\n","post_title":"Ripple Labs Partner With Thallo To Develop Carbon Credit Marketplace","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-labs-partner-with-thallo-to-develop-carbon-credit-marketplace","to_ping":"","pinged":"","post_modified":"2022-10-08 00:24:06","post_modified_gmt":"2022-10-07 13:24:06","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7530","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7480,"post_author":"1","post_date":"2022-10-02 00:26:44","post_date_gmt":"2022-10-01 14:26:44","post_content":"\n
David Rubenstein, the billionaire co-founder\/chairman of The Carlyle Group was interviewed by fellow billionaire Ken Griffin to discuss<\/a> his view on crypto assets.<\/p>\n\n\n\n
Rubenstein, although not an investor in cryptocurrencies directly has been indirectly investing in them through companies that service the industry. \u201cI have not invested in cryptocurrencies. But I have invested in my family office through companies that service the industry,\" he states.<\/li><\/ul>\n\n\n\n
Although Rubenstein believes \"the industry is not going away anytime soon,\" he states that \"I can\u2019t pick which of the 18,000 cryptocurrencies are going to work. But I think the industry is not going away,\" as there are countless investors who've increasingly lobbied congress to prevent over-regulation.<\/li><\/ul>\n\n\n\n
Griffin asked \"What do you think about cryptocurrencies,\" Rubenstein responded that \"if it gives you pleasure to do the gambling allocate enough money that you can afford to lose, with crypto that was my view for some time...I now think that crypto is not going to go away the way some people have thought and while you can argue it's worthless in some respects, many things that people buy are maybe worthless.\"<\/li><\/ul>\n\n\n\n
The billionaire also believes that the reason so many people want to invest in crypto assets is to take some of the power away that the government and authorities have. \"They tend to be liking this thing that's anti-government, they want to have some of their assets and things that the government can't control or know what they're doing.\"<\/li><\/ul>\n\n\n\n
See Related: <\/em><\/strong>Bitcoins Bottom Is Likely In, Crypto Analyst Benjamin Cowen<\/a><\/p>\n\n\n\n
\nhttps:\/\/www.youtube.com\/watch?v=R-RHmKx9xTY\n<\/div><\/figure>\n","post_title":"Crypto Is Not Going Away, Billionaire David Rubenstein","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"crypto-is-not-going-away-billionaire-david-rubenstein","to_ping":"","pinged":"","post_modified":"2022-10-03 16:02:18","post_modified_gmt":"2022-10-03 05:02:18","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7480","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7348,"post_author":"1","post_date":"2022-09-25 00:12:26","post_date_gmt":"2022-09-24 14:12:26","post_content":"\n
Ethereum recently merged its proof-of-work (PoW) blockchain with its proof-of-stake (PoS) blockchain which reduced its energy consumption by 99.95% and made the network more scalable for future projects.<\/p>\n\n\n\n
At the recent Mainnet event, Ethereum co-founder Vitalik Buterin<\/a> was questioned<\/a> about PoS<\/a> as a consensus model. \"Should all networks move to PoS?\" Ryan Selkis<\/a> asked, Buterin replied that \"As PoS matures I would expect it to increase in legitimacy over time. I hope Zcash moves over and I am hopeful Dogecoin moves to PoS soon.\"<\/li><\/ul>\n\n\n\n
Zcash is a blockchain that focused heavily on user privacy with the company behind Zcash already detailing<\/a> how the privacy coin would transition to PoS. This may not be as simple due to the heavy decentralization of the network, comparing it to its launch<\/a> which had 6 pseudonymous identities all with a portion of the network's private key.<\/li><\/ul>\n\n\n\n
On the other hand, Dogecoin is a cryptocurrency that has grown heavily in popularity over the past few years despite launching to mock cryptocurrencies. Dogecoin is now commonly accepted by vendors and its developers have expressed interest in a PoS chain.<\/li><\/ul>\n\n\n\n
ZCash is currently trading at $57.59 and is the 54th largest token<\/a> by market cap. Dogecoin is currently trading at $0.066 and is the 10th largest token by ma<\/a>r<\/a>ket cap<\/a>.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Hopeful That ZCash And Dogecoin Move To PoS - Vitalik Buterin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hopeful-that-zcash-and-dogecoin-move-to-pos-vitalik-buterin","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/proof-of-stake\/\nhttps:\/\/www.thedistributed.co\/whistleblower-edward-snowden-played-a-key-role-in-the-creation-of-zcash\/","post_modified":"2023-04-30 21:30:23","post_modified_gmt":"2023-04-30 11:30:23","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7348","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7259,"post_author":"1","post_date":"2022-09-21 21:11:23","post_date_gmt":"2022-09-21 11:11:23","post_content":"\n
Katherine Polk Failla, a New York judge, has ordered<\/a> Tether to reveal the financial documents that prove its backing of the stable<\/a>c<\/a>oin<\/a>.<\/p>\n\n\n\n
Tether is required to provide the United States District Court for the Southern District of New York with \u201cgeneral ledgers, balance sheets, income statements, cash-flow statements, and profit and loss statements.\" The lawsuit alleges that Tether had conspired to artificially inflate the price of Bitcoin through a USDT campaign.<\/li><\/ul>\n\n\n\n
Tether has avoided providing these documents as they are \"sensitive\", although Failla justified the plaintiffs require the documents \"to asses the backing of USDT with US dollars...The documents sought in the transactions RFPs appear to go to one of Plaintiffs\u2019 core allegations: that the B\/T Defendants engaged in cyptocommodities transactions using unbacked USDT, and that those transactions \u201cwere strategically timed to inflate the market.\u2019\u201d<\/li><\/ul>\n\n\n\n
Tether is also required to cough up accounts and details related to accounts held with Bitfiniex, Bittrex, and Poloniex as apart of a case<\/a> against iFinex started in 2019 - the company behind Bitfinex and Tether.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Tethers Peso-Backed Stablecoin MXNT Launches In Mexico<\/a><\/p>\n","post_title":"Tether Ordered To Reveal USDTs Exact Backings","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tether-ordered-to-reveal-usdts-exact-backings","to_ping":"","pinged":"","post_modified":"2023-04-10 18:53:49","post_modified_gmt":"2023-04-10 08:53:49","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7259","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7229,"post_author":"1","post_date":"2022-09-20 22:22:55","post_date_gmt":"2022-09-20 12:22:55","post_content":"\n
Raoul Pal, a former executive at Goldman Sachs and macro expert believes that Ethereum could lead markets in the next bull cycle.<\/p>\n\n\n\n
Pal recently hosted<\/a> an ask me anything (AMA). Amongst various different questions, Pal predicted that \u201cas adoption keeps building, a lot of adoption spills outside of ETH into the Solana, Avalanche, and a bunch of other protocols as well.\" He added that \"we\u2019re going to see ETH lead the charge, and then we\u2019ll see this tail of stuff starting to come as we start a new bull market and generally things work that way.\u201d<\/p>\n\n\n\n
Pal is keeping his eye on one Ethereum competitor though. \u201cI think a lot of these layer ones this time around will be like ETH in the last cycle. They\u2019ll end up becoming very large dominant chains. Which ones? I don\u2019t really know. My bet is really on Solana, but it could be any of these.\" He added that he is \"watching them and waiting to see,\" tracking SOL\/ETH using a DeMark indicator.<\/p>\n\n\n\n
Pal also recommends listening to a broad base of opinions when doing research for the upcoming markets. \"You weigh them [varying opinions] yourself, how important is that to me?... Having people's opposite opinions, differences, and nuances, is really important for the macro scenario...Once you start listening to a lot of people you can start formulating your own opinions.\" <\/p>\n\n\n\n
He believes that you should follow what makes the most sense from your view - this added responsibility will likely form a better and stronger choice for yourself.<\/p>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n\n\n\n
\nhttps:\/\/www.youtube.com\/watch?v=H5j8mHKHScU\n<\/div>
Raoul Pal - Ask Me Anything<\/figcaption><\/figure>\n","post_title":"ETH Will Lead Charge Next Cycle Predicts Raoul Pal","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"eth-will-lead-charge-next-cycle-predicts-raoul-pal","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-misconceptions-with-the-ethereum-merge\/","post_modified":"2023-04-10 18:54:37","post_modified_gmt":"2023-04-10 08:54:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7229","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7153,"post_author":"1","post_date":"2022-09-19 20:57:39","post_date_gmt":"2022-09-19 10:57:39","post_content":"\n
Ethereum has just completed its merge<\/a> to a proof-of-stake<\/a> consensus from proof-of-work, could the primary source of validation bring in more institutional investors?<\/p>\n\n\n\n
\"They're [instiutional investors] looking for yield,\" said<\/a> FalconX CEO Raghu Yarlagadda in a recent interview with CoinDesk, \"with the ETH merge, the possibility of generating a sustainable, stable yield is interesting\" he added. <\/li><\/ul>\n\n\n\n
PoS is a consensus mechanism where transactions are validated through users staking their coins, in return for staking users will receive a small fee for playing their part. Currently, on Ethereum, this may yield users around 10-15% annually which makes it an alternative to typical bonds. <\/li><\/ul>\n\n\n\n
The reduced energy consumption could also make for a more eco-friendly investment in institutional eyes. Environmental, Social, and Governance (ESG) is a metric popular amongst various institutions, so Ethereum reducing its energy consumption by 99.95% and reducing<\/a> the world's energy consumption by 0.02% is a big plus.<\/li><\/ul>\n\n\n\n
Ethereum will also be more scarce now the merge has happened with annual issuance dropping ~90% to 600,000 per year and burning<\/a> of Ethereum transaction fees, along with staking taking even more Ethereum out of circulation.<\/li><\/ul>\n\n\n\n
Although it may attract institutional investors, using it in an institutional scene may not be the most efficient thing to do as of yet. Currently, Ethereum has 15 transactions per second (TP\/S) compared to VISA with ~1,700 and Solana at 2,300. The merge promises to make Ethereum more accessible which could bring scaling solutions to light that improve its lacking metrics.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Ethereum May Attract Institutional Investors \"Looking For Yield\"","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-may-attract-institutional-investors-looking-for-yield","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2023-04-10 18:54:55","post_modified_gmt":"2023-04-10 08:54:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7153","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7141,"post_author":"1","post_date":"2022-09-14 22:57:51","post_date_gmt":"2022-09-14 12:57:51","post_content":"\n
Do Kwon, co-founder of Terraform Labs has been issued an arrest warrant by a South Korean court in the wake of Terra Luna's collapse<\/a> earlier this year.<\/p>\n\n\n\n
A report<\/a> from South Korean news outlet Chosun Ilbo details that there were an additional 5 arrest warrants laid out. This includes Nicholas Platias, a founding member of Terraform Labs, and Han Mo, an employee. The charges being faced are for violating the Capital Markets Act. As prosecutors believe that Terra Luna falls under an \u201cinvestment contract security\u201d.<\/li><\/ul>\n\n\n\n
Although the warrant was issued by a South Korean court, key members of Terraform Labs including Kwon and the 5 other individuals are currently located in Singapore. As a result, the warrant is valid for the next year. This comes after South Korean authorities banned<\/a> Terra Luna's main designers from leaving the country.<\/li><\/ul>\n\n\n\n
After LUNA and sister stablecoin<\/a> UST collapsed earlier this year, investors were bought to outrage with a combined US$42B wiped out from the two coins alongside a 99.99% drop in price. In turn, investors were quick to sue Kwon and others for violating various laws and acts as rumors<\/a> were quick to spread in relation to the downfall.<\/li><\/ul>\n\n\n\n
See Related:<\/strong><\/em> War On Code \u2013 Tornado Cash Developer Alexey Pertsev Arrested<\/a><\/p>\n","post_title":"Terra's Do Kwon Wanted For Arrest By Seoul Court","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"terras-do-kwon-wanted-for-arrest-by-seoul-court","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-30 21:31:32","post_modified_gmt":"2023-04-30 11:31:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7141","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7107,"post_author":"1","post_date":"2022-09-12 21:36:27","post_date_gmt":"2022-09-12 11:36:27","post_content":"\n
Benjamin Cowen<\/a> is a well-regarded crypto analyst, using a historically accurate indicator he has found it likely that Bitcoin has hit its bottom or is very close to doing so.<\/p>\n\n\n\n
Cowen was recently featured<\/a> on Kitco News where he discussed his use of the metric. \"One of the interesting things about this chart is that historically, Bitcoin does not bottom until after they cross,\" he stated.<\/li><\/ul>\n\n\n\n
The indicator Cowen used is the Bitcoin Percentage Of Supply In Profit And Loss<\/a>. This indicates how many Bitcoins are at a profit or loss for their holders. Looking at the chart from a widened perspective Cowen shows how this metric has accompanied tops and bottoms over the long term.<\/li><\/ul>\n\n\n\n
Cowen added that they have recently just crossed each other and how the bottom typically occurs after they cross. \"When it comes up here, that\u2019s generally the time where you want to scale out when we\u2019re continuing to push those new all-time highs so to me this is an indicator that would suggest that if we did get another leg down there\u2019s a lot of evidence that could be the major bottom,\" he added.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bullish On Bitcoin, It\u2019s Trading At A Discount \u2013 Bloomberg Intelligence<\/a><\/p>\n\n\n\n
$\"Benjamin$
Benjamin Cowen Illustrating The Bitcoin Percentage Of Supply In Profit And Loss Metric Source: YouTube\/Kitco News<\/em><\/figcaption><\/figure>\n","post_title":"Bitcoins Bottom Is Likely In, Crypto Analyst Benjamin Cowen","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoins-bottom-is-likely-in-crypto-analyst-benjamin-cowen","to_ping":"","pinged":"","post_modified":"2023-04-11 00:07:43","post_modified_gmt":"2023-04-10 14:07:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7107","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7093,"post_author":"1","post_date":"2022-09-11 19:27:57","post_date_gmt":"2022-09-11 09:27:57","post_content":"\n
Mike McGlone is a senior strategist at Bloomberg Intelligence, has recently shared multiple on Twitter discussing various commodities and concerns related to the current state of markets worldwide.<\/p>\n\n\n\n
In one tweet McGlone outlined his September Crypto Outlook<\/a><\/em> where he believes that the world is leaning towards a recession in light of recent events including the tightening of interest rates by the Federal Reserve.<\/li><\/ul>\n\n\n\n
A key indicator that had encouraged the Fed's fight against inflation was the soar in energy prices. This pressured high-risk assets, namely cryptocurrencies, and once the dust settles from recent events crypto prices will start to \"bouy\" as \u201ccrude oil decline may fuel Bitcoin recovery.\u201d Reuters recently reported<\/a> that the Strategic Petroleum Reserve (SPR) fell to its lowest level in more than 35 years.<\/li><\/ul>\n\n\n\n
Price data from 2018-19 was compared to price data from today showing a similar benchmark where \"Bitcoin is at a discount within an elongated bull market.\"<\/li><\/ul>\n\n\n\n
$\""Too$
Bitcoin Price Data. Source: Bloomberg Intelligence<\/figcaption><\/figure>\n\n\n\n
In an interview<\/a> with Bell Media, McGlone believes that cryptocurrencies will continue to outperform traditional assets with declining volatility. He hints at being bullish on Bitcoin believing will put in a bottom at, or below $20,000 similar to 2018 and 2013 before going into an upward trajectory.<\/li><\/ul>\n\n\n\n
McGlone hinted at Ethereum becoming a large part of the financial system as the merge<\/a> approaches due to its ability to make tokenized assets<\/a> readily accessible to the public just like ETFs had done with traditional assets.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Will Return \u2013 Ruchir Sharma, The Chairman Of Rockefeller International<\/a><\/p>\n","post_title":"Bullish On Bitcoin, It's Trading At A Discount - Bloomberg Intelligence","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bullish-on-bitcoin-its-trading-at-a-discount-bloomberg-intelligence","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/ethereum-proof-of-stake-merge-set-for-mid-september\/\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/\nhttps:\/\/www.thedistributed.co\/bitcoin-will-return-ruchir-sharma-the-chairman-of-rockefeller-international\/","post_modified":"2023-04-11 00:07:57","post_modified_gmt":"2023-04-10 14:07:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7093","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
In eligible cases such as certain lost token scenarios or \"honest mistakes\", Binance may reimburse the user for their lost coins. They do this alongside their burning mechanism, where they will count the lost coins as burnt and credit the user BNB.((Binance - Binance Introduces the BNB Pioneer Burn Program, Adjusts BNB Token Burn Mechanics<\/a>))<\/p>\n","post_title":"Binance Coin (BNB)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-coin-bnb","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/smart-contracts\/\nhttps:\/\/www.thedistributed.co\/cryptocurrency-burning\/\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-01-15 15:44:02","post_modified_gmt":"2023-01-15 04:44:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8715","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7530,"post_author":"1","post_date":"2022-10-08 00:21:45","post_date_gmt":"2022-10-07 13:21:45","post_content":"\n
Web3 startup Thallo announced<\/a> a partnership with Ripple Labs, the developers behind XRP, and 22 other partners to launch a blockchain-based carbon credit marketplace.<\/p>\n\n\n\n
Carbon credits are given to companies and define how much emissions they're allowed to put out, which can be traded between companies. Thallo aims to solve liquidity and pricing problems within the current carbon credit marketplace.<\/li><\/ul>\n\n\n\n
\u201cAs the demand for carbon credits intensifies, blockchain and crypto technology is uniquely positioned to help support market growth by solving persistent challenges around transparency, traceability and verification,\u201d says Ken Weber a senior VP for Ripple's social impact and sustainability sector in Thallos announcement.<\/li><\/ul>\n\n\n\n
\"By leveraging Ripple\u2019s enterprise readiness and carbon neutral XRPL\u2019s reliability at scale, Thallo is democratizing access to verified carbon credits for both institutional and retail investors to help offset their carbon footprints in a way that satisfies their key stakeholders,\" added Weber.<\/li><\/ul>\n\n\n\n
See Related: <\/strong><\/em>Ripple vs. SEC: How The Outcome Can Affect The Cryptocurrency Market<\/a><\/p>\n\n\n\n
Thallo's Carbon Neutral Team<\/h2>\n\n\n\n
In the announcement, Thallo defined their team as experts in climate and sustainability as well as web3. Alongside Thallo, the 23 partners split into three sectors. The Founding Partners<\/em> include Ripple Labs and Climate Collective to support the development of the platform.<\/li><\/ul>\n\n\n\n
The second sector is the Integrity Partners<\/em> which are academic instiutions, non-profits, and associations which aim to scale carbon markets with integrity such as Carbon Business Council and Crypto Climate Accord.<\/li><\/ul>\n\n\n\n
Finally, the largest sector with 14 companies, the Innovation Partners<\/em>, are the companies that develop the key aspects of the marketplace including Chainlink, Celo Foundation and Filecoin Green.<\/li><\/ul>\n\n\n\nSee Related:<\/em><\/strong> Crypto Mining Is a Threat To The U.S. Climate Commitments And Goals, White House Appraised<\/a><\/p>\n","post_title":"Ripple Labs Partner With Thallo To Develop Carbon Credit Marketplace","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-labs-partner-with-thallo-to-develop-carbon-credit-marketplace","to_ping":"","pinged":"","post_modified":"2022-10-08 00:24:06","post_modified_gmt":"2022-10-07 13:24:06","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7530","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7480,"post_author":"1","post_date":"2022-10-02 00:26:44","post_date_gmt":"2022-10-01 14:26:44","post_content":"\n
David Rubenstein, the billionaire co-founder\/chairman of The Carlyle Group was interviewed by fellow billionaire Ken Griffin to discuss<\/a> his view on crypto assets.<\/p>\n\n\n\n
Rubenstein, although not an investor in cryptocurrencies directly has been indirectly investing in them through companies that service the industry. \u201cI have not invested in cryptocurrencies. But I have invested in my family office through companies that service the industry,\" he states.<\/li><\/ul>\n\n\n\n
Although Rubenstein believes \"the industry is not going away anytime soon,\" he states that \"I can\u2019t pick which of the 18,000 cryptocurrencies are going to work. But I think the industry is not going away,\" as there are countless investors who've increasingly lobbied congress to prevent over-regulation.<\/li><\/ul>\n\n\n\n
Griffin asked \"What do you think about cryptocurrencies,\" Rubenstein responded that \"if it gives you pleasure to do the gambling allocate enough money that you can afford to lose, with crypto that was my view for some time...I now think that crypto is not going to go away the way some people have thought and while you can argue it's worthless in some respects, many things that people buy are maybe worthless.\"<\/li><\/ul>\n\n\n\n
The billionaire also believes that the reason so many people want to invest in crypto assets is to take some of the power away that the government and authorities have. \"They tend to be liking this thing that's anti-government, they want to have some of their assets and things that the government can't control or know what they're doing.\"<\/li><\/ul>\n\n\n\n
See Related: <\/em><\/strong>Bitcoins Bottom Is Likely In, Crypto Analyst Benjamin Cowen<\/a><\/p>\n\n\n\n
\nhttps:\/\/www.youtube.com\/watch?v=R-RHmKx9xTY\n<\/div><\/figure>\n","post_title":"Crypto Is Not Going Away, Billionaire David Rubenstein","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"crypto-is-not-going-away-billionaire-david-rubenstein","to_ping":"","pinged":"","post_modified":"2022-10-03 16:02:18","post_modified_gmt":"2022-10-03 05:02:18","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7480","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7348,"post_author":"1","post_date":"2022-09-25 00:12:26","post_date_gmt":"2022-09-24 14:12:26","post_content":"\n
Ethereum recently merged its proof-of-work (PoW) blockchain with its proof-of-stake (PoS) blockchain which reduced its energy consumption by 99.95% and made the network more scalable for future projects.<\/p>\n\n\n\n
At the recent Mainnet event, Ethereum co-founder Vitalik Buterin<\/a> was questioned<\/a> about PoS<\/a> as a consensus model. \"Should all networks move to PoS?\" Ryan Selkis<\/a> asked, Buterin replied that \"As PoS matures I would expect it to increase in legitimacy over time. I hope Zcash moves over and I am hopeful Dogecoin moves to PoS soon.\"<\/li><\/ul>\n\n\n\n
Zcash is a blockchain that focused heavily on user privacy with the company behind Zcash already detailing<\/a> how the privacy coin would transition to PoS. This may not be as simple due to the heavy decentralization of the network, comparing it to its launch<\/a> which had 6 pseudonymous identities all with a portion of the network's private key.<\/li><\/ul>\n\n\n\n
On the other hand, Dogecoin is a cryptocurrency that has grown heavily in popularity over the past few years despite launching to mock cryptocurrencies. Dogecoin is now commonly accepted by vendors and its developers have expressed interest in a PoS chain.<\/li><\/ul>\n\n\n\n
ZCash is currently trading at $57.59 and is the 54th largest token<\/a> by market cap. Dogecoin is currently trading at $0.066 and is the 10th largest token by ma<\/a>r<\/a>ket cap<\/a>.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Hopeful That ZCash And Dogecoin Move To PoS - Vitalik Buterin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hopeful-that-zcash-and-dogecoin-move-to-pos-vitalik-buterin","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/proof-of-stake\/\nhttps:\/\/www.thedistributed.co\/whistleblower-edward-snowden-played-a-key-role-in-the-creation-of-zcash\/","post_modified":"2023-04-30 21:30:23","post_modified_gmt":"2023-04-30 11:30:23","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7348","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7259,"post_author":"1","post_date":"2022-09-21 21:11:23","post_date_gmt":"2022-09-21 11:11:23","post_content":"\n
Katherine Polk Failla, a New York judge, has ordered<\/a> Tether to reveal the financial documents that prove its backing of the stable<\/a>c<\/a>oin<\/a>.<\/p>\n\n\n\n
Tether is required to provide the United States District Court for the Southern District of New York with \u201cgeneral ledgers, balance sheets, income statements, cash-flow statements, and profit and loss statements.\" The lawsuit alleges that Tether had conspired to artificially inflate the price of Bitcoin through a USDT campaign.<\/li><\/ul>\n\n\n\n
Tether has avoided providing these documents as they are \"sensitive\", although Failla justified the plaintiffs require the documents \"to asses the backing of USDT with US dollars...The documents sought in the transactions RFPs appear to go to one of Plaintiffs\u2019 core allegations: that the B\/T Defendants engaged in cyptocommodities transactions using unbacked USDT, and that those transactions \u201cwere strategically timed to inflate the market.\u2019\u201d<\/li><\/ul>\n\n\n\n
Tether is also required to cough up accounts and details related to accounts held with Bitfiniex, Bittrex, and Poloniex as apart of a case<\/a> against iFinex started in 2019 - the company behind Bitfinex and Tether.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Tethers Peso-Backed Stablecoin MXNT Launches In Mexico<\/a><\/p>\n","post_title":"Tether Ordered To Reveal USDTs Exact Backings","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tether-ordered-to-reveal-usdts-exact-backings","to_ping":"","pinged":"","post_modified":"2023-04-10 18:53:49","post_modified_gmt":"2023-04-10 08:53:49","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7259","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7229,"post_author":"1","post_date":"2022-09-20 22:22:55","post_date_gmt":"2022-09-20 12:22:55","post_content":"\n
Raoul Pal, a former executive at Goldman Sachs and macro expert believes that Ethereum could lead markets in the next bull cycle.<\/p>\n\n\n\n
Pal recently hosted<\/a> an ask me anything (AMA). Amongst various different questions, Pal predicted that \u201cas adoption keeps building, a lot of adoption spills outside of ETH into the Solana, Avalanche, and a bunch of other protocols as well.\" He added that \"we\u2019re going to see ETH lead the charge, and then we\u2019ll see this tail of stuff starting to come as we start a new bull market and generally things work that way.\u201d<\/p>\n\n\n\n
Pal is keeping his eye on one Ethereum competitor though. \u201cI think a lot of these layer ones this time around will be like ETH in the last cycle. They\u2019ll end up becoming very large dominant chains. Which ones? I don\u2019t really know. My bet is really on Solana, but it could be any of these.\" He added that he is \"watching them and waiting to see,\" tracking SOL\/ETH using a DeMark indicator.<\/p>\n\n\n\n
Pal also recommends listening to a broad base of opinions when doing research for the upcoming markets. \"You weigh them [varying opinions] yourself, how important is that to me?... Having people's opposite opinions, differences, and nuances, is really important for the macro scenario...Once you start listening to a lot of people you can start formulating your own opinions.\" <\/p>\n\n\n\n
He believes that you should follow what makes the most sense from your view - this added responsibility will likely form a better and stronger choice for yourself.<\/p>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n\n\n\n
\nhttps:\/\/www.youtube.com\/watch?v=H5j8mHKHScU\n<\/div>
Raoul Pal - Ask Me Anything<\/figcaption><\/figure>\n","post_title":"ETH Will Lead Charge Next Cycle Predicts Raoul Pal","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"eth-will-lead-charge-next-cycle-predicts-raoul-pal","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-misconceptions-with-the-ethereum-merge\/","post_modified":"2023-04-10 18:54:37","post_modified_gmt":"2023-04-10 08:54:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7229","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7153,"post_author":"1","post_date":"2022-09-19 20:57:39","post_date_gmt":"2022-09-19 10:57:39","post_content":"\n
Ethereum has just completed its merge<\/a> to a proof-of-stake<\/a> consensus from proof-of-work, could the primary source of validation bring in more institutional investors?<\/p>\n\n\n\n
\"They're [instiutional investors] looking for yield,\" said<\/a> FalconX CEO Raghu Yarlagadda in a recent interview with CoinDesk, \"with the ETH merge, the possibility of generating a sustainable, stable yield is interesting\" he added. <\/li><\/ul>\n\n\n\n
PoS is a consensus mechanism where transactions are validated through users staking their coins, in return for staking users will receive a small fee for playing their part. Currently, on Ethereum, this may yield users around 10-15% annually which makes it an alternative to typical bonds. <\/li><\/ul>\n\n\n\n
The reduced energy consumption could also make for a more eco-friendly investment in institutional eyes. Environmental, Social, and Governance (ESG) is a metric popular amongst various institutions, so Ethereum reducing its energy consumption by 99.95% and reducing<\/a> the world's energy consumption by 0.02% is a big plus.<\/li><\/ul>\n\n\n\n
Ethereum will also be more scarce now the merge has happened with annual issuance dropping ~90% to 600,000 per year and burning<\/a> of Ethereum transaction fees, along with staking taking even more Ethereum out of circulation.<\/li><\/ul>\n\n\n\n
Although it may attract institutional investors, using it in an institutional scene may not be the most efficient thing to do as of yet. Currently, Ethereum has 15 transactions per second (TP\/S) compared to VISA with ~1,700 and Solana at 2,300. The merge promises to make Ethereum more accessible which could bring scaling solutions to light that improve its lacking metrics.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Ethereum May Attract Institutional Investors \"Looking For Yield\"","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-may-attract-institutional-investors-looking-for-yield","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2023-04-10 18:54:55","post_modified_gmt":"2023-04-10 08:54:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7153","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7141,"post_author":"1","post_date":"2022-09-14 22:57:51","post_date_gmt":"2022-09-14 12:57:51","post_content":"\n
Do Kwon, co-founder of Terraform Labs has been issued an arrest warrant by a South Korean court in the wake of Terra Luna's collapse<\/a> earlier this year.<\/p>\n\n\n\n
A report<\/a> from South Korean news outlet Chosun Ilbo details that there were an additional 5 arrest warrants laid out. This includes Nicholas Platias, a founding member of Terraform Labs, and Han Mo, an employee. The charges being faced are for violating the Capital Markets Act. As prosecutors believe that Terra Luna falls under an \u201cinvestment contract security\u201d.<\/li><\/ul>\n\n\n\n
Although the warrant was issued by a South Korean court, key members of Terraform Labs including Kwon and the 5 other individuals are currently located in Singapore. As a result, the warrant is valid for the next year. This comes after South Korean authorities banned<\/a> Terra Luna's main designers from leaving the country.<\/li><\/ul>\n\n\n\n
After LUNA and sister stablecoin<\/a> UST collapsed earlier this year, investors were bought to outrage with a combined US$42B wiped out from the two coins alongside a 99.99% drop in price. In turn, investors were quick to sue Kwon and others for violating various laws and acts as rumors<\/a> were quick to spread in relation to the downfall.<\/li><\/ul>\n\n\n\n
See Related:<\/strong><\/em> War On Code \u2013 Tornado Cash Developer Alexey Pertsev Arrested<\/a><\/p>\n","post_title":"Terra's Do Kwon Wanted For Arrest By Seoul Court","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"terras-do-kwon-wanted-for-arrest-by-seoul-court","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-30 21:31:32","post_modified_gmt":"2023-04-30 11:31:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7141","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7107,"post_author":"1","post_date":"2022-09-12 21:36:27","post_date_gmt":"2022-09-12 11:36:27","post_content":"\n
Benjamin Cowen<\/a> is a well-regarded crypto analyst, using a historically accurate indicator he has found it likely that Bitcoin has hit its bottom or is very close to doing so.<\/p>\n\n\n\n
Cowen was recently featured<\/a> on Kitco News where he discussed his use of the metric. \"One of the interesting things about this chart is that historically, Bitcoin does not bottom until after they cross,\" he stated.<\/li><\/ul>\n\n\n\n
The indicator Cowen used is the Bitcoin Percentage Of Supply In Profit And Loss<\/a>. This indicates how many Bitcoins are at a profit or loss for their holders. Looking at the chart from a widened perspective Cowen shows how this metric has accompanied tops and bottoms over the long term.<\/li><\/ul>\n\n\n\n
Cowen added that they have recently just crossed each other and how the bottom typically occurs after they cross. \"When it comes up here, that\u2019s generally the time where you want to scale out when we\u2019re continuing to push those new all-time highs so to me this is an indicator that would suggest that if we did get another leg down there\u2019s a lot of evidence that could be the major bottom,\" he added.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bullish On Bitcoin, It\u2019s Trading At A Discount \u2013 Bloomberg Intelligence<\/a><\/p>\n\n\n\n
$\"Benjamin$
Benjamin Cowen Illustrating The Bitcoin Percentage Of Supply In Profit And Loss Metric Source: YouTube\/Kitco News<\/em><\/figcaption><\/figure>\n","post_title":"Bitcoins Bottom Is Likely In, Crypto Analyst Benjamin Cowen","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoins-bottom-is-likely-in-crypto-analyst-benjamin-cowen","to_ping":"","pinged":"","post_modified":"2023-04-11 00:07:43","post_modified_gmt":"2023-04-10 14:07:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7107","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7093,"post_author":"1","post_date":"2022-09-11 19:27:57","post_date_gmt":"2022-09-11 09:27:57","post_content":"\n
Mike McGlone is a senior strategist at Bloomberg Intelligence, has recently shared multiple on Twitter discussing various commodities and concerns related to the current state of markets worldwide.<\/p>\n\n\n\n
In one tweet McGlone outlined his September Crypto Outlook<\/a><\/em> where he believes that the world is leaning towards a recession in light of recent events including the tightening of interest rates by the Federal Reserve.<\/li><\/ul>\n\n\n\n
A key indicator that had encouraged the Fed's fight against inflation was the soar in energy prices. This pressured high-risk assets, namely cryptocurrencies, and once the dust settles from recent events crypto prices will start to \"bouy\" as \u201ccrude oil decline may fuel Bitcoin recovery.\u201d Reuters recently reported<\/a> that the Strategic Petroleum Reserve (SPR) fell to its lowest level in more than 35 years.<\/li><\/ul>\n\n\n\n
Price data from 2018-19 was compared to price data from today showing a similar benchmark where \"Bitcoin is at a discount within an elongated bull market.\"<\/li><\/ul>\n\n\n\n
$\""Too$
Bitcoin Price Data. Source: Bloomberg Intelligence<\/figcaption><\/figure>\n\n\n\n
In an interview<\/a> with Bell Media, McGlone believes that cryptocurrencies will continue to outperform traditional assets with declining volatility. He hints at being bullish on Bitcoin believing will put in a bottom at, or below $20,000 similar to 2018 and 2013 before going into an upward trajectory.<\/li><\/ul>\n\n\n\n
McGlone hinted at Ethereum becoming a large part of the financial system as the merge<\/a> approaches due to its ability to make tokenized assets<\/a> readily accessible to the public just like ETFs had done with traditional assets.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Will Return \u2013 Ruchir Sharma, The Chairman Of Rockefeller International<\/a><\/p>\n","post_title":"Bullish On Bitcoin, It's Trading At A Discount - Bloomberg Intelligence","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bullish-on-bitcoin-its-trading-at-a-discount-bloomberg-intelligence","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/ethereum-proof-of-stake-merge-set-for-mid-september\/\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/\nhttps:\/\/www.thedistributed.co\/bitcoin-will-return-ruchir-sharma-the-chairman-of-rockefeller-international\/","post_modified":"2023-04-11 00:07:57","post_modified_gmt":"2023-04-10 14:07:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7093","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 15 16 17 18 19 … 41 Next

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The Coins

Binance Coin (BNB)

December 8, 2022 - Updated on January 15, 2023

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

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\n
What If I Lose My BNB?<\/h3>\n\n\n\n
In eligible cases such as certain lost token scenarios or \"honest mistakes\", Binance may reimburse the user for their lost coins. They do this alongside their burning mechanism, where they will count the lost coins as burnt and credit the user BNB.((Binance - Binance Introduces the BNB Pioneer Burn Program, Adjusts BNB Token Burn Mechanics<\/a>))<\/p>\n","post_title":"Binance Coin (BNB)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-coin-bnb","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/smart-contracts\/\nhttps:\/\/www.thedistributed.co\/cryptocurrency-burning\/\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-01-15 15:44:02","post_modified_gmt":"2023-01-15 04:44:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8715","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7530,"post_author":"1","post_date":"2022-10-08 00:21:45","post_date_gmt":"2022-10-07 13:21:45","post_content":"\n
Web3 startup Thallo announced<\/a> a partnership with Ripple Labs, the developers behind XRP, and 22 other partners to launch a blockchain-based carbon credit marketplace.<\/p>\n\n\n\n
Carbon credits are given to companies and define how much emissions they're allowed to put out, which can be traded between companies. Thallo aims to solve liquidity and pricing problems within the current carbon credit marketplace.<\/li><\/ul>\n\n\n\n
\u201cAs the demand for carbon credits intensifies, blockchain and crypto technology is uniquely positioned to help support market growth by solving persistent challenges around transparency, traceability and verification,\u201d says Ken Weber a senior VP for Ripple's social impact and sustainability sector in Thallos announcement.<\/li><\/ul>\n\n\n\n
\"By leveraging Ripple\u2019s enterprise readiness and carbon neutral XRPL\u2019s reliability at scale, Thallo is democratizing access to verified carbon credits for both institutional and retail investors to help offset their carbon footprints in a way that satisfies their key stakeholders,\" added Weber.<\/li><\/ul>\n\n\n\n
See Related: <\/strong><\/em>Ripple vs. SEC: How The Outcome Can Affect The Cryptocurrency Market<\/a><\/p>\n\n\n\n
Thallo's Carbon Neutral Team<\/h2>\n\n\n\n
In the announcement, Thallo defined their team as experts in climate and sustainability as well as web3. Alongside Thallo, the 23 partners split into three sectors. The Founding Partners<\/em> include Ripple Labs and Climate Collective to support the development of the platform.<\/li><\/ul>\n\n\n\n
The second sector is the Integrity Partners<\/em> which are academic instiutions, non-profits, and associations which aim to scale carbon markets with integrity such as Carbon Business Council and Crypto Climate Accord.<\/li><\/ul>\n\n\n\n
Finally, the largest sector with 14 companies, the Innovation Partners<\/em>, are the companies that develop the key aspects of the marketplace including Chainlink, Celo Foundation and Filecoin Green.<\/li><\/ul>\n\n\n\nSee Related:<\/em><\/strong> Crypto Mining Is a Threat To The U.S. Climate Commitments And Goals, White House Appraised<\/a><\/p>\n","post_title":"Ripple Labs Partner With Thallo To Develop Carbon Credit Marketplace","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-labs-partner-with-thallo-to-develop-carbon-credit-marketplace","to_ping":"","pinged":"","post_modified":"2022-10-08 00:24:06","post_modified_gmt":"2022-10-07 13:24:06","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7530","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7480,"post_author":"1","post_date":"2022-10-02 00:26:44","post_date_gmt":"2022-10-01 14:26:44","post_content":"\n
David Rubenstein, the billionaire co-founder\/chairman of The Carlyle Group was interviewed by fellow billionaire Ken Griffin to discuss<\/a> his view on crypto assets.<\/p>\n\n\n\n
Rubenstein, although not an investor in cryptocurrencies directly has been indirectly investing in them through companies that service the industry. \u201cI have not invested in cryptocurrencies. But I have invested in my family office through companies that service the industry,\" he states.<\/li><\/ul>\n\n\n\n
Although Rubenstein believes \"the industry is not going away anytime soon,\" he states that \"I can\u2019t pick which of the 18,000 cryptocurrencies are going to work. But I think the industry is not going away,\" as there are countless investors who've increasingly lobbied congress to prevent over-regulation.<\/li><\/ul>\n\n\n\n
Griffin asked \"What do you think about cryptocurrencies,\" Rubenstein responded that \"if it gives you pleasure to do the gambling allocate enough money that you can afford to lose, with crypto that was my view for some time...I now think that crypto is not going to go away the way some people have thought and while you can argue it's worthless in some respects, many things that people buy are maybe worthless.\"<\/li><\/ul>\n\n\n\n
The billionaire also believes that the reason so many people want to invest in crypto assets is to take some of the power away that the government and authorities have. \"They tend to be liking this thing that's anti-government, they want to have some of their assets and things that the government can't control or know what they're doing.\"<\/li><\/ul>\n\n\n\n
See Related: <\/em><\/strong>Bitcoins Bottom Is Likely In, Crypto Analyst Benjamin Cowen<\/a><\/p>\n\n\n\n
\nhttps:\/\/www.youtube.com\/watch?v=R-RHmKx9xTY\n<\/div><\/figure>\n","post_title":"Crypto Is Not Going Away, Billionaire David Rubenstein","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"crypto-is-not-going-away-billionaire-david-rubenstein","to_ping":"","pinged":"","post_modified":"2022-10-03 16:02:18","post_modified_gmt":"2022-10-03 05:02:18","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7480","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7348,"post_author":"1","post_date":"2022-09-25 00:12:26","post_date_gmt":"2022-09-24 14:12:26","post_content":"\n
Ethereum recently merged its proof-of-work (PoW) blockchain with its proof-of-stake (PoS) blockchain which reduced its energy consumption by 99.95% and made the network more scalable for future projects.<\/p>\n\n\n\n
At the recent Mainnet event, Ethereum co-founder Vitalik Buterin<\/a> was questioned<\/a> about PoS<\/a> as a consensus model. \"Should all networks move to PoS?\" Ryan Selkis<\/a> asked, Buterin replied that \"As PoS matures I would expect it to increase in legitimacy over time. I hope Zcash moves over and I am hopeful Dogecoin moves to PoS soon.\"<\/li><\/ul>\n\n\n\n
Zcash is a blockchain that focused heavily on user privacy with the company behind Zcash already detailing<\/a> how the privacy coin would transition to PoS. This may not be as simple due to the heavy decentralization of the network, comparing it to its launch<\/a> which had 6 pseudonymous identities all with a portion of the network's private key.<\/li><\/ul>\n\n\n\n
On the other hand, Dogecoin is a cryptocurrency that has grown heavily in popularity over the past few years despite launching to mock cryptocurrencies. Dogecoin is now commonly accepted by vendors and its developers have expressed interest in a PoS chain.<\/li><\/ul>\n\n\n\n
ZCash is currently trading at $57.59 and is the 54th largest token<\/a> by market cap. Dogecoin is currently trading at $0.066 and is the 10th largest token by ma<\/a>r<\/a>ket cap<\/a>.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Hopeful That ZCash And Dogecoin Move To PoS - Vitalik Buterin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hopeful-that-zcash-and-dogecoin-move-to-pos-vitalik-buterin","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/proof-of-stake\/\nhttps:\/\/www.thedistributed.co\/whistleblower-edward-snowden-played-a-key-role-in-the-creation-of-zcash\/","post_modified":"2023-04-30 21:30:23","post_modified_gmt":"2023-04-30 11:30:23","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7348","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7259,"post_author":"1","post_date":"2022-09-21 21:11:23","post_date_gmt":"2022-09-21 11:11:23","post_content":"\n
Katherine Polk Failla, a New York judge, has ordered<\/a> Tether to reveal the financial documents that prove its backing of the stable<\/a>c<\/a>oin<\/a>.<\/p>\n\n\n\n
Tether is required to provide the United States District Court for the Southern District of New York with \u201cgeneral ledgers, balance sheets, income statements, cash-flow statements, and profit and loss statements.\" The lawsuit alleges that Tether had conspired to artificially inflate the price of Bitcoin through a USDT campaign.<\/li><\/ul>\n\n\n\n
Tether has avoided providing these documents as they are \"sensitive\", although Failla justified the plaintiffs require the documents \"to asses the backing of USDT with US dollars...The documents sought in the transactions RFPs appear to go to one of Plaintiffs\u2019 core allegations: that the B\/T Defendants engaged in cyptocommodities transactions using unbacked USDT, and that those transactions \u201cwere strategically timed to inflate the market.\u2019\u201d<\/li><\/ul>\n\n\n\n
Tether is also required to cough up accounts and details related to accounts held with Bitfiniex, Bittrex, and Poloniex as apart of a case<\/a> against iFinex started in 2019 - the company behind Bitfinex and Tether.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Tethers Peso-Backed Stablecoin MXNT Launches In Mexico<\/a><\/p>\n","post_title":"Tether Ordered To Reveal USDTs Exact Backings","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tether-ordered-to-reveal-usdts-exact-backings","to_ping":"","pinged":"","post_modified":"2023-04-10 18:53:49","post_modified_gmt":"2023-04-10 08:53:49","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7259","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7229,"post_author":"1","post_date":"2022-09-20 22:22:55","post_date_gmt":"2022-09-20 12:22:55","post_content":"\n
Raoul Pal, a former executive at Goldman Sachs and macro expert believes that Ethereum could lead markets in the next bull cycle.<\/p>\n\n\n\n
Pal recently hosted<\/a> an ask me anything (AMA). Amongst various different questions, Pal predicted that \u201cas adoption keeps building, a lot of adoption spills outside of ETH into the Solana, Avalanche, and a bunch of other protocols as well.\" He added that \"we\u2019re going to see ETH lead the charge, and then we\u2019ll see this tail of stuff starting to come as we start a new bull market and generally things work that way.\u201d<\/p>\n\n\n\n
Pal is keeping his eye on one Ethereum competitor though. \u201cI think a lot of these layer ones this time around will be like ETH in the last cycle. They\u2019ll end up becoming very large dominant chains. Which ones? I don\u2019t really know. My bet is really on Solana, but it could be any of these.\" He added that he is \"watching them and waiting to see,\" tracking SOL\/ETH using a DeMark indicator.<\/p>\n\n\n\n
Pal also recommends listening to a broad base of opinions when doing research for the upcoming markets. \"You weigh them [varying opinions] yourself, how important is that to me?... Having people's opposite opinions, differences, and nuances, is really important for the macro scenario...Once you start listening to a lot of people you can start formulating your own opinions.\" <\/p>\n\n\n\n
He believes that you should follow what makes the most sense from your view - this added responsibility will likely form a better and stronger choice for yourself.<\/p>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n\n\n\n
\nhttps:\/\/www.youtube.com\/watch?v=H5j8mHKHScU\n<\/div>
Raoul Pal - Ask Me Anything<\/figcaption><\/figure>\n","post_title":"ETH Will Lead Charge Next Cycle Predicts Raoul Pal","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"eth-will-lead-charge-next-cycle-predicts-raoul-pal","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-misconceptions-with-the-ethereum-merge\/","post_modified":"2023-04-10 18:54:37","post_modified_gmt":"2023-04-10 08:54:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7229","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7153,"post_author":"1","post_date":"2022-09-19 20:57:39","post_date_gmt":"2022-09-19 10:57:39","post_content":"\n
Ethereum has just completed its merge<\/a> to a proof-of-stake<\/a> consensus from proof-of-work, could the primary source of validation bring in more institutional investors?<\/p>\n\n\n\n
\"They're [instiutional investors] looking for yield,\" said<\/a> FalconX CEO Raghu Yarlagadda in a recent interview with CoinDesk, \"with the ETH merge, the possibility of generating a sustainable, stable yield is interesting\" he added. <\/li><\/ul>\n\n\n\n
PoS is a consensus mechanism where transactions are validated through users staking their coins, in return for staking users will receive a small fee for playing their part. Currently, on Ethereum, this may yield users around 10-15% annually which makes it an alternative to typical bonds. <\/li><\/ul>\n\n\n\n
The reduced energy consumption could also make for a more eco-friendly investment in institutional eyes. Environmental, Social, and Governance (ESG) is a metric popular amongst various institutions, so Ethereum reducing its energy consumption by 99.95% and reducing<\/a> the world's energy consumption by 0.02% is a big plus.<\/li><\/ul>\n\n\n\n
Ethereum will also be more scarce now the merge has happened with annual issuance dropping ~90% to 600,000 per year and burning<\/a> of Ethereum transaction fees, along with staking taking even more Ethereum out of circulation.<\/li><\/ul>\n\n\n\n
Although it may attract institutional investors, using it in an institutional scene may not be the most efficient thing to do as of yet. Currently, Ethereum has 15 transactions per second (TP\/S) compared to VISA with ~1,700 and Solana at 2,300. The merge promises to make Ethereum more accessible which could bring scaling solutions to light that improve its lacking metrics.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Ethereum May Attract Institutional Investors \"Looking For Yield\"","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-may-attract-institutional-investors-looking-for-yield","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2023-04-10 18:54:55","post_modified_gmt":"2023-04-10 08:54:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7153","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7141,"post_author":"1","post_date":"2022-09-14 22:57:51","post_date_gmt":"2022-09-14 12:57:51","post_content":"\n
Do Kwon, co-founder of Terraform Labs has been issued an arrest warrant by a South Korean court in the wake of Terra Luna's collapse<\/a> earlier this year.<\/p>\n\n\n\n
A report<\/a> from South Korean news outlet Chosun Ilbo details that there were an additional 5 arrest warrants laid out. This includes Nicholas Platias, a founding member of Terraform Labs, and Han Mo, an employee. The charges being faced are for violating the Capital Markets Act. As prosecutors believe that Terra Luna falls under an \u201cinvestment contract security\u201d.<\/li><\/ul>\n\n\n\n
Although the warrant was issued by a South Korean court, key members of Terraform Labs including Kwon and the 5 other individuals are currently located in Singapore. As a result, the warrant is valid for the next year. This comes after South Korean authorities banned<\/a> Terra Luna's main designers from leaving the country.<\/li><\/ul>\n\n\n\n
After LUNA and sister stablecoin<\/a> UST collapsed earlier this year, investors were bought to outrage with a combined US$42B wiped out from the two coins alongside a 99.99% drop in price. In turn, investors were quick to sue Kwon and others for violating various laws and acts as rumors<\/a> were quick to spread in relation to the downfall.<\/li><\/ul>\n\n\n\n
See Related:<\/strong><\/em> War On Code \u2013 Tornado Cash Developer Alexey Pertsev Arrested<\/a><\/p>\n","post_title":"Terra's Do Kwon Wanted For Arrest By Seoul Court","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"terras-do-kwon-wanted-for-arrest-by-seoul-court","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-30 21:31:32","post_modified_gmt":"2023-04-30 11:31:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7141","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7107,"post_author":"1","post_date":"2022-09-12 21:36:27","post_date_gmt":"2022-09-12 11:36:27","post_content":"\n
Benjamin Cowen<\/a> is a well-regarded crypto analyst, using a historically accurate indicator he has found it likely that Bitcoin has hit its bottom or is very close to doing so.<\/p>\n\n\n\n
Cowen was recently featured<\/a> on Kitco News where he discussed his use of the metric. \"One of the interesting things about this chart is that historically, Bitcoin does not bottom until after they cross,\" he stated.<\/li><\/ul>\n\n\n\n
The indicator Cowen used is the Bitcoin Percentage Of Supply In Profit And Loss<\/a>. This indicates how many Bitcoins are at a profit or loss for their holders. Looking at the chart from a widened perspective Cowen shows how this metric has accompanied tops and bottoms over the long term.<\/li><\/ul>\n\n\n\n
Cowen added that they have recently just crossed each other and how the bottom typically occurs after they cross. \"When it comes up here, that\u2019s generally the time where you want to scale out when we\u2019re continuing to push those new all-time highs so to me this is an indicator that would suggest that if we did get another leg down there\u2019s a lot of evidence that could be the major bottom,\" he added.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bullish On Bitcoin, It\u2019s Trading At A Discount \u2013 Bloomberg Intelligence<\/a><\/p>\n\n\n\n
$\"Benjamin$
Benjamin Cowen Illustrating The Bitcoin Percentage Of Supply In Profit And Loss Metric Source: YouTube\/Kitco News<\/em><\/figcaption><\/figure>\n","post_title":"Bitcoins Bottom Is Likely In, Crypto Analyst Benjamin Cowen","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoins-bottom-is-likely-in-crypto-analyst-benjamin-cowen","to_ping":"","pinged":"","post_modified":"2023-04-11 00:07:43","post_modified_gmt":"2023-04-10 14:07:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7107","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7093,"post_author":"1","post_date":"2022-09-11 19:27:57","post_date_gmt":"2022-09-11 09:27:57","post_content":"\n
Mike McGlone is a senior strategist at Bloomberg Intelligence, has recently shared multiple on Twitter discussing various commodities and concerns related to the current state of markets worldwide.<\/p>\n\n\n\n
In one tweet McGlone outlined his September Crypto Outlook<\/a><\/em> where he believes that the world is leaning towards a recession in light of recent events including the tightening of interest rates by the Federal Reserve.<\/li><\/ul>\n\n\n\n
A key indicator that had encouraged the Fed's fight against inflation was the soar in energy prices. This pressured high-risk assets, namely cryptocurrencies, and once the dust settles from recent events crypto prices will start to \"bouy\" as \u201ccrude oil decline may fuel Bitcoin recovery.\u201d Reuters recently reported<\/a> that the Strategic Petroleum Reserve (SPR) fell to its lowest level in more than 35 years.<\/li><\/ul>\n\n\n\n
Price data from 2018-19 was compared to price data from today showing a similar benchmark where \"Bitcoin is at a discount within an elongated bull market.\"<\/li><\/ul>\n\n\n\n
$\""Too$
Bitcoin Price Data. Source: Bloomberg Intelligence<\/figcaption><\/figure>\n\n\n\n
In an interview<\/a> with Bell Media, McGlone believes that cryptocurrencies will continue to outperform traditional assets with declining volatility. He hints at being bullish on Bitcoin believing will put in a bottom at, or below $20,000 similar to 2018 and 2013 before going into an upward trajectory.<\/li><\/ul>\n\n\n\n
McGlone hinted at Ethereum becoming a large part of the financial system as the merge<\/a> approaches due to its ability to make tokenized assets<\/a> readily accessible to the public just like ETFs had done with traditional assets.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Will Return \u2013 Ruchir Sharma, The Chairman Of Rockefeller International<\/a><\/p>\n","post_title":"Bullish On Bitcoin, It's Trading At A Discount - Bloomberg Intelligence","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bullish-on-bitcoin-its-trading-at-a-discount-bloomberg-intelligence","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/ethereum-proof-of-stake-merge-set-for-mid-september\/\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/\nhttps:\/\/www.thedistributed.co\/bitcoin-will-return-ruchir-sharma-the-chairman-of-rockefeller-international\/","post_modified":"2023-04-11 00:07:57","post_modified_gmt":"2023-04-10 14:07:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7093","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Previous 1 … 15 16 17 18 19 … 41 Next

Most Read

The Coins

Binance Coin (BNB)

December 8, 2022 - Updated on January 15, 2023

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Subscribe To Our Newsletter

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Type your email here

Follow The Distributed

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ADVERTISEMENT

\n
Binance Coin (BNB) is not a stablecoin, although there is a Binance USD stablecoin<\/a> (BUSD) which is pegged 1:1 with the US Dollar.<\/p>\n\n\n\n
What If I Lose My BNB?<\/h3>\n\n\n\n
In eligible cases such as certain lost token scenarios or \"honest mistakes\", Binance may reimburse the user for their lost coins. They do this alongside their burning mechanism, where they will count the lost coins as burnt and credit the user BNB.((Binance - Binance Introduces the BNB Pioneer Burn Program, Adjusts BNB Token Burn Mechanics<\/a>))<\/p>\n","post_title":"Binance Coin (BNB)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-coin-bnb","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/smart-contracts\/\nhttps:\/\/www.thedistributed.co\/cryptocurrency-burning\/\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-01-15 15:44:02","post_modified_gmt":"2023-01-15 04:44:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8715","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7530,"post_author":"1","post_date":"2022-10-08 00:21:45","post_date_gmt":"2022-10-07 13:21:45","post_content":"\n
Web3 startup Thallo announced<\/a> a partnership with Ripple Labs, the developers behind XRP, and 22 other partners to launch a blockchain-based carbon credit marketplace.<\/p>\n\n\n\n
Carbon credits are given to companies and define how much emissions they're allowed to put out, which can be traded between companies. Thallo aims to solve liquidity and pricing problems within the current carbon credit marketplace.<\/li><\/ul>\n\n\n\n
\u201cAs the demand for carbon credits intensifies, blockchain and crypto technology is uniquely positioned to help support market growth by solving persistent challenges around transparency, traceability and verification,\u201d says Ken Weber a senior VP for Ripple's social impact and sustainability sector in Thallos announcement.<\/li><\/ul>\n\n\n\n
\"By leveraging Ripple\u2019s enterprise readiness and carbon neutral XRPL\u2019s reliability at scale, Thallo is democratizing access to verified carbon credits for both institutional and retail investors to help offset their carbon footprints in a way that satisfies their key stakeholders,\" added Weber.<\/li><\/ul>\n\n\n\n
See Related: <\/strong><\/em>Ripple vs. SEC: How The Outcome Can Affect The Cryptocurrency Market<\/a><\/p>\n\n\n\n
Thallo's Carbon Neutral Team<\/h2>\n\n\n\n
In the announcement, Thallo defined their team as experts in climate and sustainability as well as web3. Alongside Thallo, the 23 partners split into three sectors. The Founding Partners<\/em> include Ripple Labs and Climate Collective to support the development of the platform.<\/li><\/ul>\n\n\n\n
The second sector is the Integrity Partners<\/em> which are academic instiutions, non-profits, and associations which aim to scale carbon markets with integrity such as Carbon Business Council and Crypto Climate Accord.<\/li><\/ul>\n\n\n\n
Finally, the largest sector with 14 companies, the Innovation Partners<\/em>, are the companies that develop the key aspects of the marketplace including Chainlink, Celo Foundation and Filecoin Green.<\/li><\/ul>\n\n\n\nSee Related:<\/em><\/strong> Crypto Mining Is a Threat To The U.S. Climate Commitments And Goals, White House Appraised<\/a><\/p>\n","post_title":"Ripple Labs Partner With Thallo To Develop Carbon Credit Marketplace","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-labs-partner-with-thallo-to-develop-carbon-credit-marketplace","to_ping":"","pinged":"","post_modified":"2022-10-08 00:24:06","post_modified_gmt":"2022-10-07 13:24:06","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7530","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7480,"post_author":"1","post_date":"2022-10-02 00:26:44","post_date_gmt":"2022-10-01 14:26:44","post_content":"\n
David Rubenstein, the billionaire co-founder\/chairman of The Carlyle Group was interviewed by fellow billionaire Ken Griffin to discuss<\/a> his view on crypto assets.<\/p>\n\n\n\n
Rubenstein, although not an investor in cryptocurrencies directly has been indirectly investing in them through companies that service the industry. \u201cI have not invested in cryptocurrencies. But I have invested in my family office through companies that service the industry,\" he states.<\/li><\/ul>\n\n\n\n
Although Rubenstein believes \"the industry is not going away anytime soon,\" he states that \"I can\u2019t pick which of the 18,000 cryptocurrencies are going to work. But I think the industry is not going away,\" as there are countless investors who've increasingly lobbied congress to prevent over-regulation.<\/li><\/ul>\n\n\n\n
Griffin asked \"What do you think about cryptocurrencies,\" Rubenstein responded that \"if it gives you pleasure to do the gambling allocate enough money that you can afford to lose, with crypto that was my view for some time...I now think that crypto is not going to go away the way some people have thought and while you can argue it's worthless in some respects, many things that people buy are maybe worthless.\"<\/li><\/ul>\n\n\n\n
The billionaire also believes that the reason so many people want to invest in crypto assets is to take some of the power away that the government and authorities have. \"They tend to be liking this thing that's anti-government, they want to have some of their assets and things that the government can't control or know what they're doing.\"<\/li><\/ul>\n\n\n\n
See Related: <\/em><\/strong>Bitcoins Bottom Is Likely In, Crypto Analyst Benjamin Cowen<\/a><\/p>\n\n\n\n
\nhttps:\/\/www.youtube.com\/watch?v=R-RHmKx9xTY\n<\/div><\/figure>\n","post_title":"Crypto Is Not Going Away, Billionaire David Rubenstein","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"crypto-is-not-going-away-billionaire-david-rubenstein","to_ping":"","pinged":"","post_modified":"2022-10-03 16:02:18","post_modified_gmt":"2022-10-03 05:02:18","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7480","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7348,"post_author":"1","post_date":"2022-09-25 00:12:26","post_date_gmt":"2022-09-24 14:12:26","post_content":"\n
Ethereum recently merged its proof-of-work (PoW) blockchain with its proof-of-stake (PoS) blockchain which reduced its energy consumption by 99.95% and made the network more scalable for future projects.<\/p>\n\n\n\n
At the recent Mainnet event, Ethereum co-founder Vitalik Buterin<\/a> was questioned<\/a> about PoS<\/a> as a consensus model. \"Should all networks move to PoS?\" Ryan Selkis<\/a> asked, Buterin replied that \"As PoS matures I would expect it to increase in legitimacy over time. I hope Zcash moves over and I am hopeful Dogecoin moves to PoS soon.\"<\/li><\/ul>\n\n\n\n
Zcash is a blockchain that focused heavily on user privacy with the company behind Zcash already detailing<\/a> how the privacy coin would transition to PoS. This may not be as simple due to the heavy decentralization of the network, comparing it to its launch<\/a> which had 6 pseudonymous identities all with a portion of the network's private key.<\/li><\/ul>\n\n\n\n
On the other hand, Dogecoin is a cryptocurrency that has grown heavily in popularity over the past few years despite launching to mock cryptocurrencies. Dogecoin is now commonly accepted by vendors and its developers have expressed interest in a PoS chain.<\/li><\/ul>\n\n\n\n
ZCash is currently trading at $57.59 and is the 54th largest token<\/a> by market cap. Dogecoin is currently trading at $0.066 and is the 10th largest token by ma<\/a>r<\/a>ket cap<\/a>.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Hopeful That ZCash And Dogecoin Move To PoS - Vitalik Buterin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hopeful-that-zcash-and-dogecoin-move-to-pos-vitalik-buterin","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/proof-of-stake\/\nhttps:\/\/www.thedistributed.co\/whistleblower-edward-snowden-played-a-key-role-in-the-creation-of-zcash\/","post_modified":"2023-04-30 21:30:23","post_modified_gmt":"2023-04-30 11:30:23","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7348","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7259,"post_author":"1","post_date":"2022-09-21 21:11:23","post_date_gmt":"2022-09-21 11:11:23","post_content":"\n
Katherine Polk Failla, a New York judge, has ordered<\/a> Tether to reveal the financial documents that prove its backing of the stable<\/a>c<\/a>oin<\/a>.<\/p>\n\n\n\n
Tether is required to provide the United States District Court for the Southern District of New York with \u201cgeneral ledgers, balance sheets, income statements, cash-flow statements, and profit and loss statements.\" The lawsuit alleges that Tether had conspired to artificially inflate the price of Bitcoin through a USDT campaign.<\/li><\/ul>\n\n\n\n
Tether has avoided providing these documents as they are \"sensitive\", although Failla justified the plaintiffs require the documents \"to asses the backing of USDT with US dollars...The documents sought in the transactions RFPs appear to go to one of Plaintiffs\u2019 core allegations: that the B\/T Defendants engaged in cyptocommodities transactions using unbacked USDT, and that those transactions \u201cwere strategically timed to inflate the market.\u2019\u201d<\/li><\/ul>\n\n\n\n
Tether is also required to cough up accounts and details related to accounts held with Bitfiniex, Bittrex, and Poloniex as apart of a case<\/a> against iFinex started in 2019 - the company behind Bitfinex and Tether.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Tethers Peso-Backed Stablecoin MXNT Launches In Mexico<\/a><\/p>\n","post_title":"Tether Ordered To Reveal USDTs Exact Backings","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tether-ordered-to-reveal-usdts-exact-backings","to_ping":"","pinged":"","post_modified":"2023-04-10 18:53:49","post_modified_gmt":"2023-04-10 08:53:49","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7259","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7229,"post_author":"1","post_date":"2022-09-20 22:22:55","post_date_gmt":"2022-09-20 12:22:55","post_content":"\n
Raoul Pal, a former executive at Goldman Sachs and macro expert believes that Ethereum could lead markets in the next bull cycle.<\/p>\n\n\n\n
Pal recently hosted<\/a> an ask me anything (AMA). Amongst various different questions, Pal predicted that \u201cas adoption keeps building, a lot of adoption spills outside of ETH into the Solana, Avalanche, and a bunch of other protocols as well.\" He added that \"we\u2019re going to see ETH lead the charge, and then we\u2019ll see this tail of stuff starting to come as we start a new bull market and generally things work that way.\u201d<\/p>\n\n\n\n
Pal is keeping his eye on one Ethereum competitor though. \u201cI think a lot of these layer ones this time around will be like ETH in the last cycle. They\u2019ll end up becoming very large dominant chains. Which ones? I don\u2019t really know. My bet is really on Solana, but it could be any of these.\" He added that he is \"watching them and waiting to see,\" tracking SOL\/ETH using a DeMark indicator.<\/p>\n\n\n\n
Pal also recommends listening to a broad base of opinions when doing research for the upcoming markets. \"You weigh them [varying opinions] yourself, how important is that to me?... Having people's opposite opinions, differences, and nuances, is really important for the macro scenario...Once you start listening to a lot of people you can start formulating your own opinions.\" <\/p>\n\n\n\n
He believes that you should follow what makes the most sense from your view - this added responsibility will likely form a better and stronger choice for yourself.<\/p>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n\n\n\n
\nhttps:\/\/www.youtube.com\/watch?v=H5j8mHKHScU\n<\/div>
Raoul Pal - Ask Me Anything<\/figcaption><\/figure>\n","post_title":"ETH Will Lead Charge Next Cycle Predicts Raoul Pal","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"eth-will-lead-charge-next-cycle-predicts-raoul-pal","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-misconceptions-with-the-ethereum-merge\/","post_modified":"2023-04-10 18:54:37","post_modified_gmt":"2023-04-10 08:54:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7229","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7153,"post_author":"1","post_date":"2022-09-19 20:57:39","post_date_gmt":"2022-09-19 10:57:39","post_content":"\n
Ethereum has just completed its merge<\/a> to a proof-of-stake<\/a> consensus from proof-of-work, could the primary source of validation bring in more institutional investors?<\/p>\n\n\n\n
\"They're [instiutional investors] looking for yield,\" said<\/a> FalconX CEO Raghu Yarlagadda in a recent interview with CoinDesk, \"with the ETH merge, the possibility of generating a sustainable, stable yield is interesting\" he added. <\/li><\/ul>\n\n\n\n
PoS is a consensus mechanism where transactions are validated through users staking their coins, in return for staking users will receive a small fee for playing their part. Currently, on Ethereum, this may yield users around 10-15% annually which makes it an alternative to typical bonds. <\/li><\/ul>\n\n\n\n
The reduced energy consumption could also make for a more eco-friendly investment in institutional eyes. Environmental, Social, and Governance (ESG) is a metric popular amongst various institutions, so Ethereum reducing its energy consumption by 99.95% and reducing<\/a> the world's energy consumption by 0.02% is a big plus.<\/li><\/ul>\n\n\n\n
Ethereum will also be more scarce now the merge has happened with annual issuance dropping ~90% to 600,000 per year and burning<\/a> of Ethereum transaction fees, along with staking taking even more Ethereum out of circulation.<\/li><\/ul>\n\n\n\n
Although it may attract institutional investors, using it in an institutional scene may not be the most efficient thing to do as of yet. Currently, Ethereum has 15 transactions per second (TP\/S) compared to VISA with ~1,700 and Solana at 2,300. The merge promises to make Ethereum more accessible which could bring scaling solutions to light that improve its lacking metrics.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Ethereum May Attract Institutional Investors \"Looking For Yield\"","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-may-attract-institutional-investors-looking-for-yield","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2023-04-10 18:54:55","post_modified_gmt":"2023-04-10 08:54:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7153","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7141,"post_author":"1","post_date":"2022-09-14 22:57:51","post_date_gmt":"2022-09-14 12:57:51","post_content":"\n
Do Kwon, co-founder of Terraform Labs has been issued an arrest warrant by a South Korean court in the wake of Terra Luna's collapse<\/a> earlier this year.<\/p>\n\n\n\n
A report<\/a> from South Korean news outlet Chosun Ilbo details that there were an additional 5 arrest warrants laid out. This includes Nicholas Platias, a founding member of Terraform Labs, and Han Mo, an employee. The charges being faced are for violating the Capital Markets Act. As prosecutors believe that Terra Luna falls under an \u201cinvestment contract security\u201d.<\/li><\/ul>\n\n\n\n
Although the warrant was issued by a South Korean court, key members of Terraform Labs including Kwon and the 5 other individuals are currently located in Singapore. As a result, the warrant is valid for the next year. This comes after South Korean authorities banned<\/a> Terra Luna's main designers from leaving the country.<\/li><\/ul>\n\n\n\n
After LUNA and sister stablecoin<\/a> UST collapsed earlier this year, investors were bought to outrage with a combined US$42B wiped out from the two coins alongside a 99.99% drop in price. In turn, investors were quick to sue Kwon and others for violating various laws and acts as rumors<\/a> were quick to spread in relation to the downfall.<\/li><\/ul>\n\n\n\n
See Related:<\/strong><\/em> War On Code \u2013 Tornado Cash Developer Alexey Pertsev Arrested<\/a><\/p>\n","post_title":"Terra's Do Kwon Wanted For Arrest By Seoul Court","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"terras-do-kwon-wanted-for-arrest-by-seoul-court","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-30 21:31:32","post_modified_gmt":"2023-04-30 11:31:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7141","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7107,"post_author":"1","post_date":"2022-09-12 21:36:27","post_date_gmt":"2022-09-12 11:36:27","post_content":"\n
Benjamin Cowen<\/a> is a well-regarded crypto analyst, using a historically accurate indicator he has found it likely that Bitcoin has hit its bottom or is very close to doing so.<\/p>\n\n\n\n
Cowen was recently featured<\/a> on Kitco News where he discussed his use of the metric. \"One of the interesting things about this chart is that historically, Bitcoin does not bottom until after they cross,\" he stated.<\/li><\/ul>\n\n\n\n
The indicator Cowen used is the Bitcoin Percentage Of Supply In Profit And Loss<\/a>. This indicates how many Bitcoins are at a profit or loss for their holders. Looking at the chart from a widened perspective Cowen shows how this metric has accompanied tops and bottoms over the long term.<\/li><\/ul>\n\n\n\n
Cowen added that they have recently just crossed each other and how the bottom typically occurs after they cross. \"When it comes up here, that\u2019s generally the time where you want to scale out when we\u2019re continuing to push those new all-time highs so to me this is an indicator that would suggest that if we did get another leg down there\u2019s a lot of evidence that could be the major bottom,\" he added.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bullish On Bitcoin, It\u2019s Trading At A Discount \u2013 Bloomberg Intelligence<\/a><\/p>\n\n\n\n
$\"Benjamin$
Benjamin Cowen Illustrating The Bitcoin Percentage Of Supply In Profit And Loss Metric Source: YouTube\/Kitco News<\/em><\/figcaption><\/figure>\n","post_title":"Bitcoins Bottom Is Likely In, Crypto Analyst Benjamin Cowen","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoins-bottom-is-likely-in-crypto-analyst-benjamin-cowen","to_ping":"","pinged":"","post_modified":"2023-04-11 00:07:43","post_modified_gmt":"2023-04-10 14:07:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7107","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7093,"post_author":"1","post_date":"2022-09-11 19:27:57","post_date_gmt":"2022-09-11 09:27:57","post_content":"\n
Mike McGlone is a senior strategist at Bloomberg Intelligence, has recently shared multiple on Twitter discussing various commodities and concerns related to the current state of markets worldwide.<\/p>\n\n\n\n
In one tweet McGlone outlined his September Crypto Outlook<\/a><\/em> where he believes that the world is leaning towards a recession in light of recent events including the tightening of interest rates by the Federal Reserve.<\/li><\/ul>\n\n\n\n
A key indicator that had encouraged the Fed's fight against inflation was the soar in energy prices. This pressured high-risk assets, namely cryptocurrencies, and once the dust settles from recent events crypto prices will start to \"bouy\" as \u201ccrude oil decline may fuel Bitcoin recovery.\u201d Reuters recently reported<\/a> that the Strategic Petroleum Reserve (SPR) fell to its lowest level in more than 35 years.<\/li><\/ul>\n\n\n\n
Price data from 2018-19 was compared to price data from today showing a similar benchmark where \"Bitcoin is at a discount within an elongated bull market.\"<\/li><\/ul>\n\n\n\n
$\""Too$
Bitcoin Price Data. Source: Bloomberg Intelligence<\/figcaption><\/figure>\n\n\n\n
In an interview<\/a> with Bell Media, McGlone believes that cryptocurrencies will continue to outperform traditional assets with declining volatility. He hints at being bullish on Bitcoin believing will put in a bottom at, or below $20,000 similar to 2018 and 2013 before going into an upward trajectory.<\/li><\/ul>\n\n\n\n
McGlone hinted at Ethereum becoming a large part of the financial system as the merge<\/a> approaches due to its ability to make tokenized assets<\/a> readily accessible to the public just like ETFs had done with traditional assets.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Will Return \u2013 Ruchir Sharma, The Chairman Of Rockefeller International<\/a><\/p>\n","post_title":"Bullish On Bitcoin, It's Trading At A Discount - Bloomberg Intelligence","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bullish-on-bitcoin-its-trading-at-a-discount-bloomberg-intelligence","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/ethereum-proof-of-stake-merge-set-for-mid-september\/\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/\nhttps:\/\/www.thedistributed.co\/bitcoin-will-return-ruchir-sharma-the-chairman-of-rockefeller-international\/","post_modified":"2023-04-11 00:07:57","post_modified_gmt":"2023-04-10 14:07:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7093","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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Binance Coin (BNB)

December 8, 2022 - Updated on January 15, 2023

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\n
Is Binance Coin A Stablecoin?<\/h3>\n\n\n\n
Binance Coin (BNB) is not a stablecoin, although there is a Binance USD stablecoin<\/a> (BUSD) which is pegged 1:1 with the US Dollar.<\/p>\n\n\n\n
What If I Lose My BNB?<\/h3>\n\n\n\n
In eligible cases such as certain lost token scenarios or \"honest mistakes\", Binance may reimburse the user for their lost coins. They do this alongside their burning mechanism, where they will count the lost coins as burnt and credit the user BNB.((Binance - Binance Introduces the BNB Pioneer Burn Program, Adjusts BNB Token Burn Mechanics<\/a>))<\/p>\n","post_title":"Binance Coin (BNB)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-coin-bnb","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/smart-contracts\/\nhttps:\/\/www.thedistributed.co\/cryptocurrency-burning\/\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-01-15 15:44:02","post_modified_gmt":"2023-01-15 04:44:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8715","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7530,"post_author":"1","post_date":"2022-10-08 00:21:45","post_date_gmt":"2022-10-07 13:21:45","post_content":"\n
Web3 startup Thallo announced<\/a> a partnership with Ripple Labs, the developers behind XRP, and 22 other partners to launch a blockchain-based carbon credit marketplace.<\/p>\n\n\n\n
Carbon credits are given to companies and define how much emissions they're allowed to put out, which can be traded between companies. Thallo aims to solve liquidity and pricing problems within the current carbon credit marketplace.<\/li><\/ul>\n\n\n\n
\u201cAs the demand for carbon credits intensifies, blockchain and crypto technology is uniquely positioned to help support market growth by solving persistent challenges around transparency, traceability and verification,\u201d says Ken Weber a senior VP for Ripple's social impact and sustainability sector in Thallos announcement.<\/li><\/ul>\n\n\n\n
\"By leveraging Ripple\u2019s enterprise readiness and carbon neutral XRPL\u2019s reliability at scale, Thallo is democratizing access to verified carbon credits for both institutional and retail investors to help offset their carbon footprints in a way that satisfies their key stakeholders,\" added Weber.<\/li><\/ul>\n\n\n\n
See Related: <\/strong><\/em>Ripple vs. SEC: How The Outcome Can Affect The Cryptocurrency Market<\/a><\/p>\n\n\n\n
Thallo's Carbon Neutral Team<\/h2>\n\n\n\n
In the announcement, Thallo defined their team as experts in climate and sustainability as well as web3. Alongside Thallo, the 23 partners split into three sectors. The Founding Partners<\/em> include Ripple Labs and Climate Collective to support the development of the platform.<\/li><\/ul>\n\n\n\n
The second sector is the Integrity Partners<\/em> which are academic instiutions, non-profits, and associations which aim to scale carbon markets with integrity such as Carbon Business Council and Crypto Climate Accord.<\/li><\/ul>\n\n\n\n
Finally, the largest sector with 14 companies, the Innovation Partners<\/em>, are the companies that develop the key aspects of the marketplace including Chainlink, Celo Foundation and Filecoin Green.<\/li><\/ul>\n\n\n\nSee Related:<\/em><\/strong> Crypto Mining Is a Threat To The U.S. Climate Commitments And Goals, White House Appraised<\/a><\/p>\n","post_title":"Ripple Labs Partner With Thallo To Develop Carbon Credit Marketplace","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-labs-partner-with-thallo-to-develop-carbon-credit-marketplace","to_ping":"","pinged":"","post_modified":"2022-10-08 00:24:06","post_modified_gmt":"2022-10-07 13:24:06","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7530","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7480,"post_author":"1","post_date":"2022-10-02 00:26:44","post_date_gmt":"2022-10-01 14:26:44","post_content":"\n
David Rubenstein, the billionaire co-founder\/chairman of The Carlyle Group was interviewed by fellow billionaire Ken Griffin to discuss<\/a> his view on crypto assets.<\/p>\n\n\n\n
Rubenstein, although not an investor in cryptocurrencies directly has been indirectly investing in them through companies that service the industry. \u201cI have not invested in cryptocurrencies. But I have invested in my family office through companies that service the industry,\" he states.<\/li><\/ul>\n\n\n\n
Although Rubenstein believes \"the industry is not going away anytime soon,\" he states that \"I can\u2019t pick which of the 18,000 cryptocurrencies are going to work. But I think the industry is not going away,\" as there are countless investors who've increasingly lobbied congress to prevent over-regulation.<\/li><\/ul>\n\n\n\n
Griffin asked \"What do you think about cryptocurrencies,\" Rubenstein responded that \"if it gives you pleasure to do the gambling allocate enough money that you can afford to lose, with crypto that was my view for some time...I now think that crypto is not going to go away the way some people have thought and while you can argue it's worthless in some respects, many things that people buy are maybe worthless.\"<\/li><\/ul>\n\n\n\n
The billionaire also believes that the reason so many people want to invest in crypto assets is to take some of the power away that the government and authorities have. \"They tend to be liking this thing that's anti-government, they want to have some of their assets and things that the government can't control or know what they're doing.\"<\/li><\/ul>\n\n\n\n
See Related: <\/em><\/strong>Bitcoins Bottom Is Likely In, Crypto Analyst Benjamin Cowen<\/a><\/p>\n\n\n\n
\nhttps:\/\/www.youtube.com\/watch?v=R-RHmKx9xTY\n<\/div><\/figure>\n","post_title":"Crypto Is Not Going Away, Billionaire David Rubenstein","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"crypto-is-not-going-away-billionaire-david-rubenstein","to_ping":"","pinged":"","post_modified":"2022-10-03 16:02:18","post_modified_gmt":"2022-10-03 05:02:18","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7480","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7348,"post_author":"1","post_date":"2022-09-25 00:12:26","post_date_gmt":"2022-09-24 14:12:26","post_content":"\n
Ethereum recently merged its proof-of-work (PoW) blockchain with its proof-of-stake (PoS) blockchain which reduced its energy consumption by 99.95% and made the network more scalable for future projects.<\/p>\n\n\n\n
At the recent Mainnet event, Ethereum co-founder Vitalik Buterin<\/a> was questioned<\/a> about PoS<\/a> as a consensus model. \"Should all networks move to PoS?\" Ryan Selkis<\/a> asked, Buterin replied that \"As PoS matures I would expect it to increase in legitimacy over time. I hope Zcash moves over and I am hopeful Dogecoin moves to PoS soon.\"<\/li><\/ul>\n\n\n\n
Zcash is a blockchain that focused heavily on user privacy with the company behind Zcash already detailing<\/a> how the privacy coin would transition to PoS. This may not be as simple due to the heavy decentralization of the network, comparing it to its launch<\/a> which had 6 pseudonymous identities all with a portion of the network's private key.<\/li><\/ul>\n\n\n\n
On the other hand, Dogecoin is a cryptocurrency that has grown heavily in popularity over the past few years despite launching to mock cryptocurrencies. Dogecoin is now commonly accepted by vendors and its developers have expressed interest in a PoS chain.<\/li><\/ul>\n\n\n\n
ZCash is currently trading at $57.59 and is the 54th largest token<\/a> by market cap. Dogecoin is currently trading at $0.066 and is the 10th largest token by ma<\/a>r<\/a>ket cap<\/a>.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Hopeful That ZCash And Dogecoin Move To PoS - Vitalik Buterin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hopeful-that-zcash-and-dogecoin-move-to-pos-vitalik-buterin","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/proof-of-stake\/\nhttps:\/\/www.thedistributed.co\/whistleblower-edward-snowden-played-a-key-role-in-the-creation-of-zcash\/","post_modified":"2023-04-30 21:30:23","post_modified_gmt":"2023-04-30 11:30:23","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7348","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7259,"post_author":"1","post_date":"2022-09-21 21:11:23","post_date_gmt":"2022-09-21 11:11:23","post_content":"\n
Katherine Polk Failla, a New York judge, has ordered<\/a> Tether to reveal the financial documents that prove its backing of the stable<\/a>c<\/a>oin<\/a>.<\/p>\n\n\n\n
Tether is required to provide the United States District Court for the Southern District of New York with \u201cgeneral ledgers, balance sheets, income statements, cash-flow statements, and profit and loss statements.\" The lawsuit alleges that Tether had conspired to artificially inflate the price of Bitcoin through a USDT campaign.<\/li><\/ul>\n\n\n\n
Tether has avoided providing these documents as they are \"sensitive\", although Failla justified the plaintiffs require the documents \"to asses the backing of USDT with US dollars...The documents sought in the transactions RFPs appear to go to one of Plaintiffs\u2019 core allegations: that the B\/T Defendants engaged in cyptocommodities transactions using unbacked USDT, and that those transactions \u201cwere strategically timed to inflate the market.\u2019\u201d<\/li><\/ul>\n\n\n\n
Tether is also required to cough up accounts and details related to accounts held with Bitfiniex, Bittrex, and Poloniex as apart of a case<\/a> against iFinex started in 2019 - the company behind Bitfinex and Tether.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Tethers Peso-Backed Stablecoin MXNT Launches In Mexico<\/a><\/p>\n","post_title":"Tether Ordered To Reveal USDTs Exact Backings","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tether-ordered-to-reveal-usdts-exact-backings","to_ping":"","pinged":"","post_modified":"2023-04-10 18:53:49","post_modified_gmt":"2023-04-10 08:53:49","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7259","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7229,"post_author":"1","post_date":"2022-09-20 22:22:55","post_date_gmt":"2022-09-20 12:22:55","post_content":"\n
Raoul Pal, a former executive at Goldman Sachs and macro expert believes that Ethereum could lead markets in the next bull cycle.<\/p>\n\n\n\n
Pal recently hosted<\/a> an ask me anything (AMA). Amongst various different questions, Pal predicted that \u201cas adoption keeps building, a lot of adoption spills outside of ETH into the Solana, Avalanche, and a bunch of other protocols as well.\" He added that \"we\u2019re going to see ETH lead the charge, and then we\u2019ll see this tail of stuff starting to come as we start a new bull market and generally things work that way.\u201d<\/p>\n\n\n\n
Pal is keeping his eye on one Ethereum competitor though. \u201cI think a lot of these layer ones this time around will be like ETH in the last cycle. They\u2019ll end up becoming very large dominant chains. Which ones? I don\u2019t really know. My bet is really on Solana, but it could be any of these.\" He added that he is \"watching them and waiting to see,\" tracking SOL\/ETH using a DeMark indicator.<\/p>\n\n\n\n
Pal also recommends listening to a broad base of opinions when doing research for the upcoming markets. \"You weigh them [varying opinions] yourself, how important is that to me?... Having people's opposite opinions, differences, and nuances, is really important for the macro scenario...Once you start listening to a lot of people you can start formulating your own opinions.\" <\/p>\n\n\n\n
He believes that you should follow what makes the most sense from your view - this added responsibility will likely form a better and stronger choice for yourself.<\/p>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n\n\n\n
\nhttps:\/\/www.youtube.com\/watch?v=H5j8mHKHScU\n<\/div>
Raoul Pal - Ask Me Anything<\/figcaption><\/figure>\n","post_title":"ETH Will Lead Charge Next Cycle Predicts Raoul Pal","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"eth-will-lead-charge-next-cycle-predicts-raoul-pal","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-misconceptions-with-the-ethereum-merge\/","post_modified":"2023-04-10 18:54:37","post_modified_gmt":"2023-04-10 08:54:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7229","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7153,"post_author":"1","post_date":"2022-09-19 20:57:39","post_date_gmt":"2022-09-19 10:57:39","post_content":"\n
Ethereum has just completed its merge<\/a> to a proof-of-stake<\/a> consensus from proof-of-work, could the primary source of validation bring in more institutional investors?<\/p>\n\n\n\n
\"They're [instiutional investors] looking for yield,\" said<\/a> FalconX CEO Raghu Yarlagadda in a recent interview with CoinDesk, \"with the ETH merge, the possibility of generating a sustainable, stable yield is interesting\" he added. <\/li><\/ul>\n\n\n\n
PoS is a consensus mechanism where transactions are validated through users staking their coins, in return for staking users will receive a small fee for playing their part. Currently, on Ethereum, this may yield users around 10-15% annually which makes it an alternative to typical bonds. <\/li><\/ul>\n\n\n\n
The reduced energy consumption could also make for a more eco-friendly investment in institutional eyes. Environmental, Social, and Governance (ESG) is a metric popular amongst various institutions, so Ethereum reducing its energy consumption by 99.95% and reducing<\/a> the world's energy consumption by 0.02% is a big plus.<\/li><\/ul>\n\n\n\n
Ethereum will also be more scarce now the merge has happened with annual issuance dropping ~90% to 600,000 per year and burning<\/a> of Ethereum transaction fees, along with staking taking even more Ethereum out of circulation.<\/li><\/ul>\n\n\n\n
Although it may attract institutional investors, using it in an institutional scene may not be the most efficient thing to do as of yet. Currently, Ethereum has 15 transactions per second (TP\/S) compared to VISA with ~1,700 and Solana at 2,300. The merge promises to make Ethereum more accessible which could bring scaling solutions to light that improve its lacking metrics.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Ethereum May Attract Institutional Investors \"Looking For Yield\"","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-may-attract-institutional-investors-looking-for-yield","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2023-04-10 18:54:55","post_modified_gmt":"2023-04-10 08:54:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7153","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7141,"post_author":"1","post_date":"2022-09-14 22:57:51","post_date_gmt":"2022-09-14 12:57:51","post_content":"\n
Do Kwon, co-founder of Terraform Labs has been issued an arrest warrant by a South Korean court in the wake of Terra Luna's collapse<\/a> earlier this year.<\/p>\n\n\n\n
A report<\/a> from South Korean news outlet Chosun Ilbo details that there were an additional 5 arrest warrants laid out. This includes Nicholas Platias, a founding member of Terraform Labs, and Han Mo, an employee. The charges being faced are for violating the Capital Markets Act. As prosecutors believe that Terra Luna falls under an \u201cinvestment contract security\u201d.<\/li><\/ul>\n\n\n\n
Although the warrant was issued by a South Korean court, key members of Terraform Labs including Kwon and the 5 other individuals are currently located in Singapore. As a result, the warrant is valid for the next year. This comes after South Korean authorities banned<\/a> Terra Luna's main designers from leaving the country.<\/li><\/ul>\n\n\n\n
After LUNA and sister stablecoin<\/a> UST collapsed earlier this year, investors were bought to outrage with a combined US$42B wiped out from the two coins alongside a 99.99% drop in price. In turn, investors were quick to sue Kwon and others for violating various laws and acts as rumors<\/a> were quick to spread in relation to the downfall.<\/li><\/ul>\n\n\n\n
See Related:<\/strong><\/em> War On Code \u2013 Tornado Cash Developer Alexey Pertsev Arrested<\/a><\/p>\n","post_title":"Terra's Do Kwon Wanted For Arrest By Seoul Court","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"terras-do-kwon-wanted-for-arrest-by-seoul-court","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-30 21:31:32","post_modified_gmt":"2023-04-30 11:31:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7141","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7107,"post_author":"1","post_date":"2022-09-12 21:36:27","post_date_gmt":"2022-09-12 11:36:27","post_content":"\n
Benjamin Cowen<\/a> is a well-regarded crypto analyst, using a historically accurate indicator he has found it likely that Bitcoin has hit its bottom or is very close to doing so.<\/p>\n\n\n\n
Cowen was recently featured<\/a> on Kitco News where he discussed his use of the metric. \"One of the interesting things about this chart is that historically, Bitcoin does not bottom until after they cross,\" he stated.<\/li><\/ul>\n\n\n\n
The indicator Cowen used is the Bitcoin Percentage Of Supply In Profit And Loss<\/a>. This indicates how many Bitcoins are at a profit or loss for their holders. Looking at the chart from a widened perspective Cowen shows how this metric has accompanied tops and bottoms over the long term.<\/li><\/ul>\n\n\n\n
Cowen added that they have recently just crossed each other and how the bottom typically occurs after they cross. \"When it comes up here, that\u2019s generally the time where you want to scale out when we\u2019re continuing to push those new all-time highs so to me this is an indicator that would suggest that if we did get another leg down there\u2019s a lot of evidence that could be the major bottom,\" he added.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bullish On Bitcoin, It\u2019s Trading At A Discount \u2013 Bloomberg Intelligence<\/a><\/p>\n\n\n\n
$\"Benjamin$
Benjamin Cowen Illustrating The Bitcoin Percentage Of Supply In Profit And Loss Metric Source: YouTube\/Kitco News<\/em><\/figcaption><\/figure>\n","post_title":"Bitcoins Bottom Is Likely In, Crypto Analyst Benjamin Cowen","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoins-bottom-is-likely-in-crypto-analyst-benjamin-cowen","to_ping":"","pinged":"","post_modified":"2023-04-11 00:07:43","post_modified_gmt":"2023-04-10 14:07:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7107","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7093,"post_author":"1","post_date":"2022-09-11 19:27:57","post_date_gmt":"2022-09-11 09:27:57","post_content":"\n
Mike McGlone is a senior strategist at Bloomberg Intelligence, has recently shared multiple on Twitter discussing various commodities and concerns related to the current state of markets worldwide.<\/p>\n\n\n\n
In one tweet McGlone outlined his September Crypto Outlook<\/a><\/em> where he believes that the world is leaning towards a recession in light of recent events including the tightening of interest rates by the Federal Reserve.<\/li><\/ul>\n\n\n\n
A key indicator that had encouraged the Fed's fight against inflation was the soar in energy prices. This pressured high-risk assets, namely cryptocurrencies, and once the dust settles from recent events crypto prices will start to \"bouy\" as \u201ccrude oil decline may fuel Bitcoin recovery.\u201d Reuters recently reported<\/a> that the Strategic Petroleum Reserve (SPR) fell to its lowest level in more than 35 years.<\/li><\/ul>\n\n\n\n
Price data from 2018-19 was compared to price data from today showing a similar benchmark where \"Bitcoin is at a discount within an elongated bull market.\"<\/li><\/ul>\n\n\n\n
$\""Too$
Bitcoin Price Data. Source: Bloomberg Intelligence<\/figcaption><\/figure>\n\n\n\n
In an interview<\/a> with Bell Media, McGlone believes that cryptocurrencies will continue to outperform traditional assets with declining volatility. He hints at being bullish on Bitcoin believing will put in a bottom at, or below $20,000 similar to 2018 and 2013 before going into an upward trajectory.<\/li><\/ul>\n\n\n\n
McGlone hinted at Ethereum becoming a large part of the financial system as the merge<\/a> approaches due to its ability to make tokenized assets<\/a> readily accessible to the public just like ETFs had done with traditional assets.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Will Return \u2013 Ruchir Sharma, The Chairman Of Rockefeller International<\/a><\/p>\n","post_title":"Bullish On Bitcoin, It's Trading At A Discount - Bloomberg Intelligence","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bullish-on-bitcoin-its-trading-at-a-discount-bloomberg-intelligence","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/ethereum-proof-of-stake-merge-set-for-mid-september\/\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/\nhttps:\/\/www.thedistributed.co\/bitcoin-will-return-ruchir-sharma-the-chairman-of-rockefeller-international\/","post_modified":"2023-04-11 00:07:57","post_modified_gmt":"2023-04-10 14:07:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7093","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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Binance Coin (BNB)

December 8, 2022 - Updated on January 15, 2023

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\n
Binance Coin (BNB) Frequently Asked Questions<\/h2>\n\n\n\n
Is Binance Coin A Stablecoin?<\/h3>\n\n\n\n
Binance Coin (BNB) is not a stablecoin, although there is a Binance USD stablecoin<\/a> (BUSD) which is pegged 1:1 with the US Dollar.<\/p>\n\n\n\n
What If I Lose My BNB?<\/h3>\n\n\n\n
In eligible cases such as certain lost token scenarios or \"honest mistakes\", Binance may reimburse the user for their lost coins. They do this alongside their burning mechanism, where they will count the lost coins as burnt and credit the user BNB.((Binance - Binance Introduces the BNB Pioneer Burn Program, Adjusts BNB Token Burn Mechanics<\/a>))<\/p>\n","post_title":"Binance Coin (BNB)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-coin-bnb","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/smart-contracts\/\nhttps:\/\/www.thedistributed.co\/cryptocurrency-burning\/\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-01-15 15:44:02","post_modified_gmt":"2023-01-15 04:44:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8715","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7530,"post_author":"1","post_date":"2022-10-08 00:21:45","post_date_gmt":"2022-10-07 13:21:45","post_content":"\n
Web3 startup Thallo announced<\/a> a partnership with Ripple Labs, the developers behind XRP, and 22 other partners to launch a blockchain-based carbon credit marketplace.<\/p>\n\n\n\n
Carbon credits are given to companies and define how much emissions they're allowed to put out, which can be traded between companies. Thallo aims to solve liquidity and pricing problems within the current carbon credit marketplace.<\/li><\/ul>\n\n\n\n
\u201cAs the demand for carbon credits intensifies, blockchain and crypto technology is uniquely positioned to help support market growth by solving persistent challenges around transparency, traceability and verification,\u201d says Ken Weber a senior VP for Ripple's social impact and sustainability sector in Thallos announcement.<\/li><\/ul>\n\n\n\n
\"By leveraging Ripple\u2019s enterprise readiness and carbon neutral XRPL\u2019s reliability at scale, Thallo is democratizing access to verified carbon credits for both institutional and retail investors to help offset their carbon footprints in a way that satisfies their key stakeholders,\" added Weber.<\/li><\/ul>\n\n\n\n
See Related: <\/strong><\/em>Ripple vs. SEC: How The Outcome Can Affect The Cryptocurrency Market<\/a><\/p>\n\n\n\n
Thallo's Carbon Neutral Team<\/h2>\n\n\n\n
In the announcement, Thallo defined their team as experts in climate and sustainability as well as web3. Alongside Thallo, the 23 partners split into three sectors. The Founding Partners<\/em> include Ripple Labs and Climate Collective to support the development of the platform.<\/li><\/ul>\n\n\n\n
The second sector is the Integrity Partners<\/em> which are academic instiutions, non-profits, and associations which aim to scale carbon markets with integrity such as Carbon Business Council and Crypto Climate Accord.<\/li><\/ul>\n\n\n\n
Finally, the largest sector with 14 companies, the Innovation Partners<\/em>, are the companies that develop the key aspects of the marketplace including Chainlink, Celo Foundation and Filecoin Green.<\/li><\/ul>\n\n\n\nSee Related:<\/em><\/strong> Crypto Mining Is a Threat To The U.S. Climate Commitments And Goals, White House Appraised<\/a><\/p>\n","post_title":"Ripple Labs Partner With Thallo To Develop Carbon Credit Marketplace","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-labs-partner-with-thallo-to-develop-carbon-credit-marketplace","to_ping":"","pinged":"","post_modified":"2022-10-08 00:24:06","post_modified_gmt":"2022-10-07 13:24:06","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7530","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7480,"post_author":"1","post_date":"2022-10-02 00:26:44","post_date_gmt":"2022-10-01 14:26:44","post_content":"\n
David Rubenstein, the billionaire co-founder\/chairman of The Carlyle Group was interviewed by fellow billionaire Ken Griffin to discuss<\/a> his view on crypto assets.<\/p>\n\n\n\n
Rubenstein, although not an investor in cryptocurrencies directly has been indirectly investing in them through companies that service the industry. \u201cI have not invested in cryptocurrencies. But I have invested in my family office through companies that service the industry,\" he states.<\/li><\/ul>\n\n\n\n
Although Rubenstein believes \"the industry is not going away anytime soon,\" he states that \"I can\u2019t pick which of the 18,000 cryptocurrencies are going to work. But I think the industry is not going away,\" as there are countless investors who've increasingly lobbied congress to prevent over-regulation.<\/li><\/ul>\n\n\n\n
Griffin asked \"What do you think about cryptocurrencies,\" Rubenstein responded that \"if it gives you pleasure to do the gambling allocate enough money that you can afford to lose, with crypto that was my view for some time...I now think that crypto is not going to go away the way some people have thought and while you can argue it's worthless in some respects, many things that people buy are maybe worthless.\"<\/li><\/ul>\n\n\n\n
The billionaire also believes that the reason so many people want to invest in crypto assets is to take some of the power away that the government and authorities have. \"They tend to be liking this thing that's anti-government, they want to have some of their assets and things that the government can't control or know what they're doing.\"<\/li><\/ul>\n\n\n\n
See Related: <\/em><\/strong>Bitcoins Bottom Is Likely In, Crypto Analyst Benjamin Cowen<\/a><\/p>\n\n\n\n
\nhttps:\/\/www.youtube.com\/watch?v=R-RHmKx9xTY\n<\/div><\/figure>\n","post_title":"Crypto Is Not Going Away, Billionaire David Rubenstein","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"crypto-is-not-going-away-billionaire-david-rubenstein","to_ping":"","pinged":"","post_modified":"2022-10-03 16:02:18","post_modified_gmt":"2022-10-03 05:02:18","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7480","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7348,"post_author":"1","post_date":"2022-09-25 00:12:26","post_date_gmt":"2022-09-24 14:12:26","post_content":"\n
Ethereum recently merged its proof-of-work (PoW) blockchain with its proof-of-stake (PoS) blockchain which reduced its energy consumption by 99.95% and made the network more scalable for future projects.<\/p>\n\n\n\n
At the recent Mainnet event, Ethereum co-founder Vitalik Buterin<\/a> was questioned<\/a> about PoS<\/a> as a consensus model. \"Should all networks move to PoS?\" Ryan Selkis<\/a> asked, Buterin replied that \"As PoS matures I would expect it to increase in legitimacy over time. I hope Zcash moves over and I am hopeful Dogecoin moves to PoS soon.\"<\/li><\/ul>\n\n\n\n
Zcash is a blockchain that focused heavily on user privacy with the company behind Zcash already detailing<\/a> how the privacy coin would transition to PoS. This may not be as simple due to the heavy decentralization of the network, comparing it to its launch<\/a> which had 6 pseudonymous identities all with a portion of the network's private key.<\/li><\/ul>\n\n\n\n
On the other hand, Dogecoin is a cryptocurrency that has grown heavily in popularity over the past few years despite launching to mock cryptocurrencies. Dogecoin is now commonly accepted by vendors and its developers have expressed interest in a PoS chain.<\/li><\/ul>\n\n\n\n
ZCash is currently trading at $57.59 and is the 54th largest token<\/a> by market cap. Dogecoin is currently trading at $0.066 and is the 10th largest token by ma<\/a>r<\/a>ket cap<\/a>.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Hopeful That ZCash And Dogecoin Move To PoS - Vitalik Buterin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hopeful-that-zcash-and-dogecoin-move-to-pos-vitalik-buterin","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/proof-of-stake\/\nhttps:\/\/www.thedistributed.co\/whistleblower-edward-snowden-played-a-key-role-in-the-creation-of-zcash\/","post_modified":"2023-04-30 21:30:23","post_modified_gmt":"2023-04-30 11:30:23","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7348","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7259,"post_author":"1","post_date":"2022-09-21 21:11:23","post_date_gmt":"2022-09-21 11:11:23","post_content":"\n
Katherine Polk Failla, a New York judge, has ordered<\/a> Tether to reveal the financial documents that prove its backing of the stable<\/a>c<\/a>oin<\/a>.<\/p>\n\n\n\n
Tether is required to provide the United States District Court for the Southern District of New York with \u201cgeneral ledgers, balance sheets, income statements, cash-flow statements, and profit and loss statements.\" The lawsuit alleges that Tether had conspired to artificially inflate the price of Bitcoin through a USDT campaign.<\/li><\/ul>\n\n\n\n
Tether has avoided providing these documents as they are \"sensitive\", although Failla justified the plaintiffs require the documents \"to asses the backing of USDT with US dollars...The documents sought in the transactions RFPs appear to go to one of Plaintiffs\u2019 core allegations: that the B\/T Defendants engaged in cyptocommodities transactions using unbacked USDT, and that those transactions \u201cwere strategically timed to inflate the market.\u2019\u201d<\/li><\/ul>\n\n\n\n
Tether is also required to cough up accounts and details related to accounts held with Bitfiniex, Bittrex, and Poloniex as apart of a case<\/a> against iFinex started in 2019 - the company behind Bitfinex and Tether.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Tethers Peso-Backed Stablecoin MXNT Launches In Mexico<\/a><\/p>\n","post_title":"Tether Ordered To Reveal USDTs Exact Backings","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tether-ordered-to-reveal-usdts-exact-backings","to_ping":"","pinged":"","post_modified":"2023-04-10 18:53:49","post_modified_gmt":"2023-04-10 08:53:49","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7259","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7229,"post_author":"1","post_date":"2022-09-20 22:22:55","post_date_gmt":"2022-09-20 12:22:55","post_content":"\n
Raoul Pal, a former executive at Goldman Sachs and macro expert believes that Ethereum could lead markets in the next bull cycle.<\/p>\n\n\n\n
Pal recently hosted<\/a> an ask me anything (AMA). Amongst various different questions, Pal predicted that \u201cas adoption keeps building, a lot of adoption spills outside of ETH into the Solana, Avalanche, and a bunch of other protocols as well.\" He added that \"we\u2019re going to see ETH lead the charge, and then we\u2019ll see this tail of stuff starting to come as we start a new bull market and generally things work that way.\u201d<\/p>\n\n\n\n
Pal is keeping his eye on one Ethereum competitor though. \u201cI think a lot of these layer ones this time around will be like ETH in the last cycle. They\u2019ll end up becoming very large dominant chains. Which ones? I don\u2019t really know. My bet is really on Solana, but it could be any of these.\" He added that he is \"watching them and waiting to see,\" tracking SOL\/ETH using a DeMark indicator.<\/p>\n\n\n\n
Pal also recommends listening to a broad base of opinions when doing research for the upcoming markets. \"You weigh them [varying opinions] yourself, how important is that to me?... Having people's opposite opinions, differences, and nuances, is really important for the macro scenario...Once you start listening to a lot of people you can start formulating your own opinions.\" <\/p>\n\n\n\n
He believes that you should follow what makes the most sense from your view - this added responsibility will likely form a better and stronger choice for yourself.<\/p>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n\n\n\n
\nhttps:\/\/www.youtube.com\/watch?v=H5j8mHKHScU\n<\/div>
Raoul Pal - Ask Me Anything<\/figcaption><\/figure>\n","post_title":"ETH Will Lead Charge Next Cycle Predicts Raoul Pal","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"eth-will-lead-charge-next-cycle-predicts-raoul-pal","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-misconceptions-with-the-ethereum-merge\/","post_modified":"2023-04-10 18:54:37","post_modified_gmt":"2023-04-10 08:54:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7229","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7153,"post_author":"1","post_date":"2022-09-19 20:57:39","post_date_gmt":"2022-09-19 10:57:39","post_content":"\n
Ethereum has just completed its merge<\/a> to a proof-of-stake<\/a> consensus from proof-of-work, could the primary source of validation bring in more institutional investors?<\/p>\n\n\n\n
\"They're [instiutional investors] looking for yield,\" said<\/a> FalconX CEO Raghu Yarlagadda in a recent interview with CoinDesk, \"with the ETH merge, the possibility of generating a sustainable, stable yield is interesting\" he added. <\/li><\/ul>\n\n\n\n
PoS is a consensus mechanism where transactions are validated through users staking their coins, in return for staking users will receive a small fee for playing their part. Currently, on Ethereum, this may yield users around 10-15% annually which makes it an alternative to typical bonds. <\/li><\/ul>\n\n\n\n
The reduced energy consumption could also make for a more eco-friendly investment in institutional eyes. Environmental, Social, and Governance (ESG) is a metric popular amongst various institutions, so Ethereum reducing its energy consumption by 99.95% and reducing<\/a> the world's energy consumption by 0.02% is a big plus.<\/li><\/ul>\n\n\n\n
Ethereum will also be more scarce now the merge has happened with annual issuance dropping ~90% to 600,000 per year and burning<\/a> of Ethereum transaction fees, along with staking taking even more Ethereum out of circulation.<\/li><\/ul>\n\n\n\n
Although it may attract institutional investors, using it in an institutional scene may not be the most efficient thing to do as of yet. Currently, Ethereum has 15 transactions per second (TP\/S) compared to VISA with ~1,700 and Solana at 2,300. The merge promises to make Ethereum more accessible which could bring scaling solutions to light that improve its lacking metrics.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Ethereum May Attract Institutional Investors \"Looking For Yield\"","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-may-attract-institutional-investors-looking-for-yield","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2023-04-10 18:54:55","post_modified_gmt":"2023-04-10 08:54:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7153","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7141,"post_author":"1","post_date":"2022-09-14 22:57:51","post_date_gmt":"2022-09-14 12:57:51","post_content":"\n
Do Kwon, co-founder of Terraform Labs has been issued an arrest warrant by a South Korean court in the wake of Terra Luna's collapse<\/a> earlier this year.<\/p>\n\n\n\n
A report<\/a> from South Korean news outlet Chosun Ilbo details that there were an additional 5 arrest warrants laid out. This includes Nicholas Platias, a founding member of Terraform Labs, and Han Mo, an employee. The charges being faced are for violating the Capital Markets Act. As prosecutors believe that Terra Luna falls under an \u201cinvestment contract security\u201d.<\/li><\/ul>\n\n\n\n
Although the warrant was issued by a South Korean court, key members of Terraform Labs including Kwon and the 5 other individuals are currently located in Singapore. As a result, the warrant is valid for the next year. This comes after South Korean authorities banned<\/a> Terra Luna's main designers from leaving the country.<\/li><\/ul>\n\n\n\n
After LUNA and sister stablecoin<\/a> UST collapsed earlier this year, investors were bought to outrage with a combined US$42B wiped out from the two coins alongside a 99.99% drop in price. In turn, investors were quick to sue Kwon and others for violating various laws and acts as rumors<\/a> were quick to spread in relation to the downfall.<\/li><\/ul>\n\n\n\n
See Related:<\/strong><\/em> War On Code \u2013 Tornado Cash Developer Alexey Pertsev Arrested<\/a><\/p>\n","post_title":"Terra's Do Kwon Wanted For Arrest By Seoul Court","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"terras-do-kwon-wanted-for-arrest-by-seoul-court","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-30 21:31:32","post_modified_gmt":"2023-04-30 11:31:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7141","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7107,"post_author":"1","post_date":"2022-09-12 21:36:27","post_date_gmt":"2022-09-12 11:36:27","post_content":"\n
Benjamin Cowen<\/a> is a well-regarded crypto analyst, using a historically accurate indicator he has found it likely that Bitcoin has hit its bottom or is very close to doing so.<\/p>\n\n\n\n
Cowen was recently featured<\/a> on Kitco News where he discussed his use of the metric. \"One of the interesting things about this chart is that historically, Bitcoin does not bottom until after they cross,\" he stated.<\/li><\/ul>\n\n\n\n
The indicator Cowen used is the Bitcoin Percentage Of Supply In Profit And Loss<\/a>. This indicates how many Bitcoins are at a profit or loss for their holders. Looking at the chart from a widened perspective Cowen shows how this metric has accompanied tops and bottoms over the long term.<\/li><\/ul>\n\n\n\n
Cowen added that they have recently just crossed each other and how the bottom typically occurs after they cross. \"When it comes up here, that\u2019s generally the time where you want to scale out when we\u2019re continuing to push those new all-time highs so to me this is an indicator that would suggest that if we did get another leg down there\u2019s a lot of evidence that could be the major bottom,\" he added.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bullish On Bitcoin, It\u2019s Trading At A Discount \u2013 Bloomberg Intelligence<\/a><\/p>\n\n\n\n
$\"Benjamin$
Benjamin Cowen Illustrating The Bitcoin Percentage Of Supply In Profit And Loss Metric Source: YouTube\/Kitco News<\/em><\/figcaption><\/figure>\n","post_title":"Bitcoins Bottom Is Likely In, Crypto Analyst Benjamin Cowen","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoins-bottom-is-likely-in-crypto-analyst-benjamin-cowen","to_ping":"","pinged":"","post_modified":"2023-04-11 00:07:43","post_modified_gmt":"2023-04-10 14:07:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7107","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7093,"post_author":"1","post_date":"2022-09-11 19:27:57","post_date_gmt":"2022-09-11 09:27:57","post_content":"\n
Mike McGlone is a senior strategist at Bloomberg Intelligence, has recently shared multiple on Twitter discussing various commodities and concerns related to the current state of markets worldwide.<\/p>\n\n\n\n
In one tweet McGlone outlined his September Crypto Outlook<\/a><\/em> where he believes that the world is leaning towards a recession in light of recent events including the tightening of interest rates by the Federal Reserve.<\/li><\/ul>\n\n\n\n
A key indicator that had encouraged the Fed's fight against inflation was the soar in energy prices. This pressured high-risk assets, namely cryptocurrencies, and once the dust settles from recent events crypto prices will start to \"bouy\" as \u201ccrude oil decline may fuel Bitcoin recovery.\u201d Reuters recently reported<\/a> that the Strategic Petroleum Reserve (SPR) fell to its lowest level in more than 35 years.<\/li><\/ul>\n\n\n\n
Price data from 2018-19 was compared to price data from today showing a similar benchmark where \"Bitcoin is at a discount within an elongated bull market.\"<\/li><\/ul>\n\n\n\n
$\""Too$
Bitcoin Price Data. Source: Bloomberg Intelligence<\/figcaption><\/figure>\n\n\n\n
In an interview<\/a> with Bell Media, McGlone believes that cryptocurrencies will continue to outperform traditional assets with declining volatility. He hints at being bullish on Bitcoin believing will put in a bottom at, or below $20,000 similar to 2018 and 2013 before going into an upward trajectory.<\/li><\/ul>\n\n\n\n
McGlone hinted at Ethereum becoming a large part of the financial system as the merge<\/a> approaches due to its ability to make tokenized assets<\/a> readily accessible to the public just like ETFs had done with traditional assets.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Will Return \u2013 Ruchir Sharma, The Chairman Of Rockefeller International<\/a><\/p>\n","post_title":"Bullish On Bitcoin, It's Trading At A Discount - Bloomberg Intelligence","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bullish-on-bitcoin-its-trading-at-a-discount-bloomberg-intelligence","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/ethereum-proof-of-stake-merge-set-for-mid-september\/\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/\nhttps:\/\/www.thedistributed.co\/bitcoin-will-return-ruchir-sharma-the-chairman-of-rockefeller-international\/","post_modified":"2023-04-11 00:07:57","post_modified_gmt":"2023-04-10 14:07:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7093","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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Binance Coin (BNB)

December 8, 2022 - Updated on January 15, 2023

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\n
The long-term potential of Binance Coin (BNB) as an investment will depend on a number of factors, including the overall performance of the Binance exchange, which depends on the overall health of the cryptocurrency markets. BNB is a well-established token with a well-established exchange, with a strong track record, and a large and active user base, which can provide investors with confidence in the long-term prospects of the token.<\/p>\n\n\n\n
Binance Coin (BNB) Frequently Asked Questions<\/h2>\n\n\n\n
Is Binance Coin A Stablecoin?<\/h3>\n\n\n\n
Binance Coin (BNB) is not a stablecoin, although there is a Binance USD stablecoin<\/a> (BUSD) which is pegged 1:1 with the US Dollar.<\/p>\n\n\n\n
What If I Lose My BNB?<\/h3>\n\n\n\n
In eligible cases such as certain lost token scenarios or \"honest mistakes\", Binance may reimburse the user for their lost coins. They do this alongside their burning mechanism, where they will count the lost coins as burnt and credit the user BNB.((Binance - Binance Introduces the BNB Pioneer Burn Program, Adjusts BNB Token Burn Mechanics<\/a>))<\/p>\n","post_title":"Binance Coin (BNB)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-coin-bnb","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/smart-contracts\/\nhttps:\/\/www.thedistributed.co\/cryptocurrency-burning\/\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-01-15 15:44:02","post_modified_gmt":"2023-01-15 04:44:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8715","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7530,"post_author":"1","post_date":"2022-10-08 00:21:45","post_date_gmt":"2022-10-07 13:21:45","post_content":"\n
Web3 startup Thallo announced<\/a> a partnership with Ripple Labs, the developers behind XRP, and 22 other partners to launch a blockchain-based carbon credit marketplace.<\/p>\n\n\n\n
Carbon credits are given to companies and define how much emissions they're allowed to put out, which can be traded between companies. Thallo aims to solve liquidity and pricing problems within the current carbon credit marketplace.<\/li><\/ul>\n\n\n\n
\u201cAs the demand for carbon credits intensifies, blockchain and crypto technology is uniquely positioned to help support market growth by solving persistent challenges around transparency, traceability and verification,\u201d says Ken Weber a senior VP for Ripple's social impact and sustainability sector in Thallos announcement.<\/li><\/ul>\n\n\n\n
\"By leveraging Ripple\u2019s enterprise readiness and carbon neutral XRPL\u2019s reliability at scale, Thallo is democratizing access to verified carbon credits for both institutional and retail investors to help offset their carbon footprints in a way that satisfies their key stakeholders,\" added Weber.<\/li><\/ul>\n\n\n\n
See Related: <\/strong><\/em>Ripple vs. SEC: How The Outcome Can Affect The Cryptocurrency Market<\/a><\/p>\n\n\n\n
Thallo's Carbon Neutral Team<\/h2>\n\n\n\n
In the announcement, Thallo defined their team as experts in climate and sustainability as well as web3. Alongside Thallo, the 23 partners split into three sectors. The Founding Partners<\/em> include Ripple Labs and Climate Collective to support the development of the platform.<\/li><\/ul>\n\n\n\n
The second sector is the Integrity Partners<\/em> which are academic instiutions, non-profits, and associations which aim to scale carbon markets with integrity such as Carbon Business Council and Crypto Climate Accord.<\/li><\/ul>\n\n\n\n
Finally, the largest sector with 14 companies, the Innovation Partners<\/em>, are the companies that develop the key aspects of the marketplace including Chainlink, Celo Foundation and Filecoin Green.<\/li><\/ul>\n\n\n\nSee Related:<\/em><\/strong> Crypto Mining Is a Threat To The U.S. Climate Commitments And Goals, White House Appraised<\/a><\/p>\n","post_title":"Ripple Labs Partner With Thallo To Develop Carbon Credit Marketplace","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-labs-partner-with-thallo-to-develop-carbon-credit-marketplace","to_ping":"","pinged":"","post_modified":"2022-10-08 00:24:06","post_modified_gmt":"2022-10-07 13:24:06","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7530","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7480,"post_author":"1","post_date":"2022-10-02 00:26:44","post_date_gmt":"2022-10-01 14:26:44","post_content":"\n
David Rubenstein, the billionaire co-founder\/chairman of The Carlyle Group was interviewed by fellow billionaire Ken Griffin to discuss<\/a> his view on crypto assets.<\/p>\n\n\n\n
Rubenstein, although not an investor in cryptocurrencies directly has been indirectly investing in them through companies that service the industry. \u201cI have not invested in cryptocurrencies. But I have invested in my family office through companies that service the industry,\" he states.<\/li><\/ul>\n\n\n\n
Although Rubenstein believes \"the industry is not going away anytime soon,\" he states that \"I can\u2019t pick which of the 18,000 cryptocurrencies are going to work. But I think the industry is not going away,\" as there are countless investors who've increasingly lobbied congress to prevent over-regulation.<\/li><\/ul>\n\n\n\n
Griffin asked \"What do you think about cryptocurrencies,\" Rubenstein responded that \"if it gives you pleasure to do the gambling allocate enough money that you can afford to lose, with crypto that was my view for some time...I now think that crypto is not going to go away the way some people have thought and while you can argue it's worthless in some respects, many things that people buy are maybe worthless.\"<\/li><\/ul>\n\n\n\n
The billionaire also believes that the reason so many people want to invest in crypto assets is to take some of the power away that the government and authorities have. \"They tend to be liking this thing that's anti-government, they want to have some of their assets and things that the government can't control or know what they're doing.\"<\/li><\/ul>\n\n\n\n
See Related: <\/em><\/strong>Bitcoins Bottom Is Likely In, Crypto Analyst Benjamin Cowen<\/a><\/p>\n\n\n\n
\nhttps:\/\/www.youtube.com\/watch?v=R-RHmKx9xTY\n<\/div><\/figure>\n","post_title":"Crypto Is Not Going Away, Billionaire David Rubenstein","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"crypto-is-not-going-away-billionaire-david-rubenstein","to_ping":"","pinged":"","post_modified":"2022-10-03 16:02:18","post_modified_gmt":"2022-10-03 05:02:18","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7480","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7348,"post_author":"1","post_date":"2022-09-25 00:12:26","post_date_gmt":"2022-09-24 14:12:26","post_content":"\n
Ethereum recently merged its proof-of-work (PoW) blockchain with its proof-of-stake (PoS) blockchain which reduced its energy consumption by 99.95% and made the network more scalable for future projects.<\/p>\n\n\n\n
At the recent Mainnet event, Ethereum co-founder Vitalik Buterin<\/a> was questioned<\/a> about PoS<\/a> as a consensus model. \"Should all networks move to PoS?\" Ryan Selkis<\/a> asked, Buterin replied that \"As PoS matures I would expect it to increase in legitimacy over time. I hope Zcash moves over and I am hopeful Dogecoin moves to PoS soon.\"<\/li><\/ul>\n\n\n\n
Zcash is a blockchain that focused heavily on user privacy with the company behind Zcash already detailing<\/a> how the privacy coin would transition to PoS. This may not be as simple due to the heavy decentralization of the network, comparing it to its launch<\/a> which had 6 pseudonymous identities all with a portion of the network's private key.<\/li><\/ul>\n\n\n\n
On the other hand, Dogecoin is a cryptocurrency that has grown heavily in popularity over the past few years despite launching to mock cryptocurrencies. Dogecoin is now commonly accepted by vendors and its developers have expressed interest in a PoS chain.<\/li><\/ul>\n\n\n\n
ZCash is currently trading at $57.59 and is the 54th largest token<\/a> by market cap. Dogecoin is currently trading at $0.066 and is the 10th largest token by ma<\/a>r<\/a>ket cap<\/a>.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Hopeful That ZCash And Dogecoin Move To PoS - Vitalik Buterin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hopeful-that-zcash-and-dogecoin-move-to-pos-vitalik-buterin","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/proof-of-stake\/\nhttps:\/\/www.thedistributed.co\/whistleblower-edward-snowden-played-a-key-role-in-the-creation-of-zcash\/","post_modified":"2023-04-30 21:30:23","post_modified_gmt":"2023-04-30 11:30:23","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7348","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7259,"post_author":"1","post_date":"2022-09-21 21:11:23","post_date_gmt":"2022-09-21 11:11:23","post_content":"\n
Katherine Polk Failla, a New York judge, has ordered<\/a> Tether to reveal the financial documents that prove its backing of the stable<\/a>c<\/a>oin<\/a>.<\/p>\n\n\n\n
Tether is required to provide the United States District Court for the Southern District of New York with \u201cgeneral ledgers, balance sheets, income statements, cash-flow statements, and profit and loss statements.\" The lawsuit alleges that Tether had conspired to artificially inflate the price of Bitcoin through a USDT campaign.<\/li><\/ul>\n\n\n\n
Tether has avoided providing these documents as they are \"sensitive\", although Failla justified the plaintiffs require the documents \"to asses the backing of USDT with US dollars...The documents sought in the transactions RFPs appear to go to one of Plaintiffs\u2019 core allegations: that the B\/T Defendants engaged in cyptocommodities transactions using unbacked USDT, and that those transactions \u201cwere strategically timed to inflate the market.\u2019\u201d<\/li><\/ul>\n\n\n\n
Tether is also required to cough up accounts and details related to accounts held with Bitfiniex, Bittrex, and Poloniex as apart of a case<\/a> against iFinex started in 2019 - the company behind Bitfinex and Tether.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Tethers Peso-Backed Stablecoin MXNT Launches In Mexico<\/a><\/p>\n","post_title":"Tether Ordered To Reveal USDTs Exact Backings","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tether-ordered-to-reveal-usdts-exact-backings","to_ping":"","pinged":"","post_modified":"2023-04-10 18:53:49","post_modified_gmt":"2023-04-10 08:53:49","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7259","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7229,"post_author":"1","post_date":"2022-09-20 22:22:55","post_date_gmt":"2022-09-20 12:22:55","post_content":"\n
Raoul Pal, a former executive at Goldman Sachs and macro expert believes that Ethereum could lead markets in the next bull cycle.<\/p>\n\n\n\n
Pal recently hosted<\/a> an ask me anything (AMA). Amongst various different questions, Pal predicted that \u201cas adoption keeps building, a lot of adoption spills outside of ETH into the Solana, Avalanche, and a bunch of other protocols as well.\" He added that \"we\u2019re going to see ETH lead the charge, and then we\u2019ll see this tail of stuff starting to come as we start a new bull market and generally things work that way.\u201d<\/p>\n\n\n\n
Pal is keeping his eye on one Ethereum competitor though. \u201cI think a lot of these layer ones this time around will be like ETH in the last cycle. They\u2019ll end up becoming very large dominant chains. Which ones? I don\u2019t really know. My bet is really on Solana, but it could be any of these.\" He added that he is \"watching them and waiting to see,\" tracking SOL\/ETH using a DeMark indicator.<\/p>\n\n\n\n
Pal also recommends listening to a broad base of opinions when doing research for the upcoming markets. \"You weigh them [varying opinions] yourself, how important is that to me?... Having people's opposite opinions, differences, and nuances, is really important for the macro scenario...Once you start listening to a lot of people you can start formulating your own opinions.\" <\/p>\n\n\n\n
He believes that you should follow what makes the most sense from your view - this added responsibility will likely form a better and stronger choice for yourself.<\/p>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n\n\n\n
\nhttps:\/\/www.youtube.com\/watch?v=H5j8mHKHScU\n<\/div>
Raoul Pal - Ask Me Anything<\/figcaption><\/figure>\n","post_title":"ETH Will Lead Charge Next Cycle Predicts Raoul Pal","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"eth-will-lead-charge-next-cycle-predicts-raoul-pal","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-misconceptions-with-the-ethereum-merge\/","post_modified":"2023-04-10 18:54:37","post_modified_gmt":"2023-04-10 08:54:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7229","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7153,"post_author":"1","post_date":"2022-09-19 20:57:39","post_date_gmt":"2022-09-19 10:57:39","post_content":"\n
Ethereum has just completed its merge<\/a> to a proof-of-stake<\/a> consensus from proof-of-work, could the primary source of validation bring in more institutional investors?<\/p>\n\n\n\n
\"They're [instiutional investors] looking for yield,\" said<\/a> FalconX CEO Raghu Yarlagadda in a recent interview with CoinDesk, \"with the ETH merge, the possibility of generating a sustainable, stable yield is interesting\" he added. <\/li><\/ul>\n\n\n\n
PoS is a consensus mechanism where transactions are validated through users staking their coins, in return for staking users will receive a small fee for playing their part. Currently, on Ethereum, this may yield users around 10-15% annually which makes it an alternative to typical bonds. <\/li><\/ul>\n\n\n\n
The reduced energy consumption could also make for a more eco-friendly investment in institutional eyes. Environmental, Social, and Governance (ESG) is a metric popular amongst various institutions, so Ethereum reducing its energy consumption by 99.95% and reducing<\/a> the world's energy consumption by 0.02% is a big plus.<\/li><\/ul>\n\n\n\n
Ethereum will also be more scarce now the merge has happened with annual issuance dropping ~90% to 600,000 per year and burning<\/a> of Ethereum transaction fees, along with staking taking even more Ethereum out of circulation.<\/li><\/ul>\n\n\n\n
Although it may attract institutional investors, using it in an institutional scene may not be the most efficient thing to do as of yet. Currently, Ethereum has 15 transactions per second (TP\/S) compared to VISA with ~1,700 and Solana at 2,300. The merge promises to make Ethereum more accessible which could bring scaling solutions to light that improve its lacking metrics.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Ethereum May Attract Institutional Investors \"Looking For Yield\"","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-may-attract-institutional-investors-looking-for-yield","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2023-04-10 18:54:55","post_modified_gmt":"2023-04-10 08:54:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7153","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7141,"post_author":"1","post_date":"2022-09-14 22:57:51","post_date_gmt":"2022-09-14 12:57:51","post_content":"\n
Do Kwon, co-founder of Terraform Labs has been issued an arrest warrant by a South Korean court in the wake of Terra Luna's collapse<\/a> earlier this year.<\/p>\n\n\n\n
A report<\/a> from South Korean news outlet Chosun Ilbo details that there were an additional 5 arrest warrants laid out. This includes Nicholas Platias, a founding member of Terraform Labs, and Han Mo, an employee. The charges being faced are for violating the Capital Markets Act. As prosecutors believe that Terra Luna falls under an \u201cinvestment contract security\u201d.<\/li><\/ul>\n\n\n\n
Although the warrant was issued by a South Korean court, key members of Terraform Labs including Kwon and the 5 other individuals are currently located in Singapore. As a result, the warrant is valid for the next year. This comes after South Korean authorities banned<\/a> Terra Luna's main designers from leaving the country.<\/li><\/ul>\n\n\n\n
After LUNA and sister stablecoin<\/a> UST collapsed earlier this year, investors were bought to outrage with a combined US$42B wiped out from the two coins alongside a 99.99% drop in price. In turn, investors were quick to sue Kwon and others for violating various laws and acts as rumors<\/a> were quick to spread in relation to the downfall.<\/li><\/ul>\n\n\n\n
See Related:<\/strong><\/em> War On Code \u2013 Tornado Cash Developer Alexey Pertsev Arrested<\/a><\/p>\n","post_title":"Terra's Do Kwon Wanted For Arrest By Seoul Court","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"terras-do-kwon-wanted-for-arrest-by-seoul-court","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-30 21:31:32","post_modified_gmt":"2023-04-30 11:31:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7141","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7107,"post_author":"1","post_date":"2022-09-12 21:36:27","post_date_gmt":"2022-09-12 11:36:27","post_content":"\n
Benjamin Cowen<\/a> is a well-regarded crypto analyst, using a historically accurate indicator he has found it likely that Bitcoin has hit its bottom or is very close to doing so.<\/p>\n\n\n\n
Cowen was recently featured<\/a> on Kitco News where he discussed his use of the metric. \"One of the interesting things about this chart is that historically, Bitcoin does not bottom until after they cross,\" he stated.<\/li><\/ul>\n\n\n\n
The indicator Cowen used is the Bitcoin Percentage Of Supply In Profit And Loss<\/a>. This indicates how many Bitcoins are at a profit or loss for their holders. Looking at the chart from a widened perspective Cowen shows how this metric has accompanied tops and bottoms over the long term.<\/li><\/ul>\n\n\n\n
Cowen added that they have recently just crossed each other and how the bottom typically occurs after they cross. \"When it comes up here, that\u2019s generally the time where you want to scale out when we\u2019re continuing to push those new all-time highs so to me this is an indicator that would suggest that if we did get another leg down there\u2019s a lot of evidence that could be the major bottom,\" he added.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bullish On Bitcoin, It\u2019s Trading At A Discount \u2013 Bloomberg Intelligence<\/a><\/p>\n\n\n\n
$\"Benjamin$
Benjamin Cowen Illustrating The Bitcoin Percentage Of Supply In Profit And Loss Metric Source: YouTube\/Kitco News<\/em><\/figcaption><\/figure>\n","post_title":"Bitcoins Bottom Is Likely In, Crypto Analyst Benjamin Cowen","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoins-bottom-is-likely-in-crypto-analyst-benjamin-cowen","to_ping":"","pinged":"","post_modified":"2023-04-11 00:07:43","post_modified_gmt":"2023-04-10 14:07:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7107","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7093,"post_author":"1","post_date":"2022-09-11 19:27:57","post_date_gmt":"2022-09-11 09:27:57","post_content":"\n
Mike McGlone is a senior strategist at Bloomberg Intelligence, has recently shared multiple on Twitter discussing various commodities and concerns related to the current state of markets worldwide.<\/p>\n\n\n\n
In one tweet McGlone outlined his September Crypto Outlook<\/a><\/em> where he believes that the world is leaning towards a recession in light of recent events including the tightening of interest rates by the Federal Reserve.<\/li><\/ul>\n\n\n\n
A key indicator that had encouraged the Fed's fight against inflation was the soar in energy prices. This pressured high-risk assets, namely cryptocurrencies, and once the dust settles from recent events crypto prices will start to \"bouy\" as \u201ccrude oil decline may fuel Bitcoin recovery.\u201d Reuters recently reported<\/a> that the Strategic Petroleum Reserve (SPR) fell to its lowest level in more than 35 years.<\/li><\/ul>\n\n\n\n
Price data from 2018-19 was compared to price data from today showing a similar benchmark where \"Bitcoin is at a discount within an elongated bull market.\"<\/li><\/ul>\n\n\n\n
$\""Too$
Bitcoin Price Data. Source: Bloomberg Intelligence<\/figcaption><\/figure>\n\n\n\n
In an interview<\/a> with Bell Media, McGlone believes that cryptocurrencies will continue to outperform traditional assets with declining volatility. He hints at being bullish on Bitcoin believing will put in a bottom at, or below $20,000 similar to 2018 and 2013 before going into an upward trajectory.<\/li><\/ul>\n\n\n\n
McGlone hinted at Ethereum becoming a large part of the financial system as the merge<\/a> approaches due to its ability to make tokenized assets<\/a> readily accessible to the public just like ETFs had done with traditional assets.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Will Return \u2013 Ruchir Sharma, The Chairman Of Rockefeller International<\/a><\/p>\n","post_title":"Bullish On Bitcoin, It's Trading At A Discount - Bloomberg Intelligence","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bullish-on-bitcoin-its-trading-at-a-discount-bloomberg-intelligence","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/ethereum-proof-of-stake-merge-set-for-mid-september\/\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/\nhttps:\/\/www.thedistributed.co\/bitcoin-will-return-ruchir-sharma-the-chairman-of-rockefeller-international\/","post_modified":"2023-04-11 00:07:57","post_modified_gmt":"2023-04-10 14:07:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7093","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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Binance Coin (BNB)

December 8, 2022 - Updated on January 15, 2023

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\n
Is BNB A Good Long-Term Investment?<\/h2>\n\n\n\n
The long-term potential of Binance Coin (BNB) as an investment will depend on a number of factors, including the overall performance of the Binance exchange, which depends on the overall health of the cryptocurrency markets. BNB is a well-established token with a well-established exchange, with a strong track record, and a large and active user base, which can provide investors with confidence in the long-term prospects of the token.<\/p>\n\n\n\n
Binance Coin (BNB) Frequently Asked Questions<\/h2>\n\n\n\n
Is Binance Coin A Stablecoin?<\/h3>\n\n\n\n
Binance Coin (BNB) is not a stablecoin, although there is a Binance USD stablecoin<\/a> (BUSD) which is pegged 1:1 with the US Dollar.<\/p>\n\n\n\n
What If I Lose My BNB?<\/h3>\n\n\n\n
In eligible cases such as certain lost token scenarios or \"honest mistakes\", Binance may reimburse the user for their lost coins. They do this alongside their burning mechanism, where they will count the lost coins as burnt and credit the user BNB.((Binance - Binance Introduces the BNB Pioneer Burn Program, Adjusts BNB Token Burn Mechanics<\/a>))<\/p>\n","post_title":"Binance Coin (BNB)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-coin-bnb","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/smart-contracts\/\nhttps:\/\/www.thedistributed.co\/cryptocurrency-burning\/\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-01-15 15:44:02","post_modified_gmt":"2023-01-15 04:44:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8715","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7530,"post_author":"1","post_date":"2022-10-08 00:21:45","post_date_gmt":"2022-10-07 13:21:45","post_content":"\n
Web3 startup Thallo announced<\/a> a partnership with Ripple Labs, the developers behind XRP, and 22 other partners to launch a blockchain-based carbon credit marketplace.<\/p>\n\n\n\n
Carbon credits are given to companies and define how much emissions they're allowed to put out, which can be traded between companies. Thallo aims to solve liquidity and pricing problems within the current carbon credit marketplace.<\/li><\/ul>\n\n\n\n
\u201cAs the demand for carbon credits intensifies, blockchain and crypto technology is uniquely positioned to help support market growth by solving persistent challenges around transparency, traceability and verification,\u201d says Ken Weber a senior VP for Ripple's social impact and sustainability sector in Thallos announcement.<\/li><\/ul>\n\n\n\n
\"By leveraging Ripple\u2019s enterprise readiness and carbon neutral XRPL\u2019s reliability at scale, Thallo is democratizing access to verified carbon credits for both institutional and retail investors to help offset their carbon footprints in a way that satisfies their key stakeholders,\" added Weber.<\/li><\/ul>\n\n\n\n
See Related: <\/strong><\/em>Ripple vs. SEC: How The Outcome Can Affect The Cryptocurrency Market<\/a><\/p>\n\n\n\n
Thallo's Carbon Neutral Team<\/h2>\n\n\n\n
In the announcement, Thallo defined their team as experts in climate and sustainability as well as web3. Alongside Thallo, the 23 partners split into three sectors. The Founding Partners<\/em> include Ripple Labs and Climate Collective to support the development of the platform.<\/li><\/ul>\n\n\n\n
The second sector is the Integrity Partners<\/em> which are academic instiutions, non-profits, and associations which aim to scale carbon markets with integrity such as Carbon Business Council and Crypto Climate Accord.<\/li><\/ul>\n\n\n\n
Finally, the largest sector with 14 companies, the Innovation Partners<\/em>, are the companies that develop the key aspects of the marketplace including Chainlink, Celo Foundation and Filecoin Green.<\/li><\/ul>\n\n\n\nSee Related:<\/em><\/strong> Crypto Mining Is a Threat To The U.S. Climate Commitments And Goals, White House Appraised<\/a><\/p>\n","post_title":"Ripple Labs Partner With Thallo To Develop Carbon Credit Marketplace","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-labs-partner-with-thallo-to-develop-carbon-credit-marketplace","to_ping":"","pinged":"","post_modified":"2022-10-08 00:24:06","post_modified_gmt":"2022-10-07 13:24:06","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7530","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7480,"post_author":"1","post_date":"2022-10-02 00:26:44","post_date_gmt":"2022-10-01 14:26:44","post_content":"\n
David Rubenstein, the billionaire co-founder\/chairman of The Carlyle Group was interviewed by fellow billionaire Ken Griffin to discuss<\/a> his view on crypto assets.<\/p>\n\n\n\n
Rubenstein, although not an investor in cryptocurrencies directly has been indirectly investing in them through companies that service the industry. \u201cI have not invested in cryptocurrencies. But I have invested in my family office through companies that service the industry,\" he states.<\/li><\/ul>\n\n\n\n
Although Rubenstein believes \"the industry is not going away anytime soon,\" he states that \"I can\u2019t pick which of the 18,000 cryptocurrencies are going to work. But I think the industry is not going away,\" as there are countless investors who've increasingly lobbied congress to prevent over-regulation.<\/li><\/ul>\n\n\n\n
Griffin asked \"What do you think about cryptocurrencies,\" Rubenstein responded that \"if it gives you pleasure to do the gambling allocate enough money that you can afford to lose, with crypto that was my view for some time...I now think that crypto is not going to go away the way some people have thought and while you can argue it's worthless in some respects, many things that people buy are maybe worthless.\"<\/li><\/ul>\n\n\n\n
The billionaire also believes that the reason so many people want to invest in crypto assets is to take some of the power away that the government and authorities have. \"They tend to be liking this thing that's anti-government, they want to have some of their assets and things that the government can't control or know what they're doing.\"<\/li><\/ul>\n\n\n\n
See Related: <\/em><\/strong>Bitcoins Bottom Is Likely In, Crypto Analyst Benjamin Cowen<\/a><\/p>\n\n\n\n
\nhttps:\/\/www.youtube.com\/watch?v=R-RHmKx9xTY\n<\/div><\/figure>\n","post_title":"Crypto Is Not Going Away, Billionaire David Rubenstein","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"crypto-is-not-going-away-billionaire-david-rubenstein","to_ping":"","pinged":"","post_modified":"2022-10-03 16:02:18","post_modified_gmt":"2022-10-03 05:02:18","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7480","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7348,"post_author":"1","post_date":"2022-09-25 00:12:26","post_date_gmt":"2022-09-24 14:12:26","post_content":"\n
Ethereum recently merged its proof-of-work (PoW) blockchain with its proof-of-stake (PoS) blockchain which reduced its energy consumption by 99.95% and made the network more scalable for future projects.<\/p>\n\n\n\n
At the recent Mainnet event, Ethereum co-founder Vitalik Buterin<\/a> was questioned<\/a> about PoS<\/a> as a consensus model. \"Should all networks move to PoS?\" Ryan Selkis<\/a> asked, Buterin replied that \"As PoS matures I would expect it to increase in legitimacy over time. I hope Zcash moves over and I am hopeful Dogecoin moves to PoS soon.\"<\/li><\/ul>\n\n\n\n
Zcash is a blockchain that focused heavily on user privacy with the company behind Zcash already detailing<\/a> how the privacy coin would transition to PoS. This may not be as simple due to the heavy decentralization of the network, comparing it to its launch<\/a> which had 6 pseudonymous identities all with a portion of the network's private key.<\/li><\/ul>\n\n\n\n
On the other hand, Dogecoin is a cryptocurrency that has grown heavily in popularity over the past few years despite launching to mock cryptocurrencies. Dogecoin is now commonly accepted by vendors and its developers have expressed interest in a PoS chain.<\/li><\/ul>\n\n\n\n
ZCash is currently trading at $57.59 and is the 54th largest token<\/a> by market cap. Dogecoin is currently trading at $0.066 and is the 10th largest token by ma<\/a>r<\/a>ket cap<\/a>.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Hopeful That ZCash And Dogecoin Move To PoS - Vitalik Buterin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hopeful-that-zcash-and-dogecoin-move-to-pos-vitalik-buterin","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/proof-of-stake\/\nhttps:\/\/www.thedistributed.co\/whistleblower-edward-snowden-played-a-key-role-in-the-creation-of-zcash\/","post_modified":"2023-04-30 21:30:23","post_modified_gmt":"2023-04-30 11:30:23","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7348","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7259,"post_author":"1","post_date":"2022-09-21 21:11:23","post_date_gmt":"2022-09-21 11:11:23","post_content":"\n
Katherine Polk Failla, a New York judge, has ordered<\/a> Tether to reveal the financial documents that prove its backing of the stable<\/a>c<\/a>oin<\/a>.<\/p>\n\n\n\n
Tether is required to provide the United States District Court for the Southern District of New York with \u201cgeneral ledgers, balance sheets, income statements, cash-flow statements, and profit and loss statements.\" The lawsuit alleges that Tether had conspired to artificially inflate the price of Bitcoin through a USDT campaign.<\/li><\/ul>\n\n\n\n
Tether has avoided providing these documents as they are \"sensitive\", although Failla justified the plaintiffs require the documents \"to asses the backing of USDT with US dollars...The documents sought in the transactions RFPs appear to go to one of Plaintiffs\u2019 core allegations: that the B\/T Defendants engaged in cyptocommodities transactions using unbacked USDT, and that those transactions \u201cwere strategically timed to inflate the market.\u2019\u201d<\/li><\/ul>\n\n\n\n
Tether is also required to cough up accounts and details related to accounts held with Bitfiniex, Bittrex, and Poloniex as apart of a case<\/a> against iFinex started in 2019 - the company behind Bitfinex and Tether.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Tethers Peso-Backed Stablecoin MXNT Launches In Mexico<\/a><\/p>\n","post_title":"Tether Ordered To Reveal USDTs Exact Backings","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tether-ordered-to-reveal-usdts-exact-backings","to_ping":"","pinged":"","post_modified":"2023-04-10 18:53:49","post_modified_gmt":"2023-04-10 08:53:49","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7259","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7229,"post_author":"1","post_date":"2022-09-20 22:22:55","post_date_gmt":"2022-09-20 12:22:55","post_content":"\n
Raoul Pal, a former executive at Goldman Sachs and macro expert believes that Ethereum could lead markets in the next bull cycle.<\/p>\n\n\n\n
Pal recently hosted<\/a> an ask me anything (AMA). Amongst various different questions, Pal predicted that \u201cas adoption keeps building, a lot of adoption spills outside of ETH into the Solana, Avalanche, and a bunch of other protocols as well.\" He added that \"we\u2019re going to see ETH lead the charge, and then we\u2019ll see this tail of stuff starting to come as we start a new bull market and generally things work that way.\u201d<\/p>\n\n\n\n
Pal is keeping his eye on one Ethereum competitor though. \u201cI think a lot of these layer ones this time around will be like ETH in the last cycle. They\u2019ll end up becoming very large dominant chains. Which ones? I don\u2019t really know. My bet is really on Solana, but it could be any of these.\" He added that he is \"watching them and waiting to see,\" tracking SOL\/ETH using a DeMark indicator.<\/p>\n\n\n\n
Pal also recommends listening to a broad base of opinions when doing research for the upcoming markets. \"You weigh them [varying opinions] yourself, how important is that to me?... Having people's opposite opinions, differences, and nuances, is really important for the macro scenario...Once you start listening to a lot of people you can start formulating your own opinions.\" <\/p>\n\n\n\n
He believes that you should follow what makes the most sense from your view - this added responsibility will likely form a better and stronger choice for yourself.<\/p>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n\n\n\n
\nhttps:\/\/www.youtube.com\/watch?v=H5j8mHKHScU\n<\/div>
Raoul Pal - Ask Me Anything<\/figcaption><\/figure>\n","post_title":"ETH Will Lead Charge Next Cycle Predicts Raoul Pal","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"eth-will-lead-charge-next-cycle-predicts-raoul-pal","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-misconceptions-with-the-ethereum-merge\/","post_modified":"2023-04-10 18:54:37","post_modified_gmt":"2023-04-10 08:54:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7229","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7153,"post_author":"1","post_date":"2022-09-19 20:57:39","post_date_gmt":"2022-09-19 10:57:39","post_content":"\n
Ethereum has just completed its merge<\/a> to a proof-of-stake<\/a> consensus from proof-of-work, could the primary source of validation bring in more institutional investors?<\/p>\n\n\n\n
\"They're [instiutional investors] looking for yield,\" said<\/a> FalconX CEO Raghu Yarlagadda in a recent interview with CoinDesk, \"with the ETH merge, the possibility of generating a sustainable, stable yield is interesting\" he added. <\/li><\/ul>\n\n\n\n
PoS is a consensus mechanism where transactions are validated through users staking their coins, in return for staking users will receive a small fee for playing their part. Currently, on Ethereum, this may yield users around 10-15% annually which makes it an alternative to typical bonds. <\/li><\/ul>\n\n\n\n
The reduced energy consumption could also make for a more eco-friendly investment in institutional eyes. Environmental, Social, and Governance (ESG) is a metric popular amongst various institutions, so Ethereum reducing its energy consumption by 99.95% and reducing<\/a> the world's energy consumption by 0.02% is a big plus.<\/li><\/ul>\n\n\n\n
Ethereum will also be more scarce now the merge has happened with annual issuance dropping ~90% to 600,000 per year and burning<\/a> of Ethereum transaction fees, along with staking taking even more Ethereum out of circulation.<\/li><\/ul>\n\n\n\n
Although it may attract institutional investors, using it in an institutional scene may not be the most efficient thing to do as of yet. Currently, Ethereum has 15 transactions per second (TP\/S) compared to VISA with ~1,700 and Solana at 2,300. The merge promises to make Ethereum more accessible which could bring scaling solutions to light that improve its lacking metrics.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Ethereum May Attract Institutional Investors \"Looking For Yield\"","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-may-attract-institutional-investors-looking-for-yield","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2023-04-10 18:54:55","post_modified_gmt":"2023-04-10 08:54:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7153","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7141,"post_author":"1","post_date":"2022-09-14 22:57:51","post_date_gmt":"2022-09-14 12:57:51","post_content":"\n
Do Kwon, co-founder of Terraform Labs has been issued an arrest warrant by a South Korean court in the wake of Terra Luna's collapse<\/a> earlier this year.<\/p>\n\n\n\n
A report<\/a> from South Korean news outlet Chosun Ilbo details that there were an additional 5 arrest warrants laid out. This includes Nicholas Platias, a founding member of Terraform Labs, and Han Mo, an employee. The charges being faced are for violating the Capital Markets Act. As prosecutors believe that Terra Luna falls under an \u201cinvestment contract security\u201d.<\/li><\/ul>\n\n\n\n
Although the warrant was issued by a South Korean court, key members of Terraform Labs including Kwon and the 5 other individuals are currently located in Singapore. As a result, the warrant is valid for the next year. This comes after South Korean authorities banned<\/a> Terra Luna's main designers from leaving the country.<\/li><\/ul>\n\n\n\n
After LUNA and sister stablecoin<\/a> UST collapsed earlier this year, investors were bought to outrage with a combined US$42B wiped out from the two coins alongside a 99.99% drop in price. In turn, investors were quick to sue Kwon and others for violating various laws and acts as rumors<\/a> were quick to spread in relation to the downfall.<\/li><\/ul>\n\n\n\n
See Related:<\/strong><\/em> War On Code \u2013 Tornado Cash Developer Alexey Pertsev Arrested<\/a><\/p>\n","post_title":"Terra's Do Kwon Wanted For Arrest By Seoul Court","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"terras-do-kwon-wanted-for-arrest-by-seoul-court","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-30 21:31:32","post_modified_gmt":"2023-04-30 11:31:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7141","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7107,"post_author":"1","post_date":"2022-09-12 21:36:27","post_date_gmt":"2022-09-12 11:36:27","post_content":"\n
Benjamin Cowen<\/a> is a well-regarded crypto analyst, using a historically accurate indicator he has found it likely that Bitcoin has hit its bottom or is very close to doing so.<\/p>\n\n\n\n
Cowen was recently featured<\/a> on Kitco News where he discussed his use of the metric. \"One of the interesting things about this chart is that historically, Bitcoin does not bottom until after they cross,\" he stated.<\/li><\/ul>\n\n\n\n
The indicator Cowen used is the Bitcoin Percentage Of Supply In Profit And Loss<\/a>. This indicates how many Bitcoins are at a profit or loss for their holders. Looking at the chart from a widened perspective Cowen shows how this metric has accompanied tops and bottoms over the long term.<\/li><\/ul>\n\n\n\n
Cowen added that they have recently just crossed each other and how the bottom typically occurs after they cross. \"When it comes up here, that\u2019s generally the time where you want to scale out when we\u2019re continuing to push those new all-time highs so to me this is an indicator that would suggest that if we did get another leg down there\u2019s a lot of evidence that could be the major bottom,\" he added.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bullish On Bitcoin, It\u2019s Trading At A Discount \u2013 Bloomberg Intelligence<\/a><\/p>\n\n\n\n
$\"Benjamin$
Benjamin Cowen Illustrating The Bitcoin Percentage Of Supply In Profit And Loss Metric Source: YouTube\/Kitco News<\/em><\/figcaption><\/figure>\n","post_title":"Bitcoins Bottom Is Likely In, Crypto Analyst Benjamin Cowen","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoins-bottom-is-likely-in-crypto-analyst-benjamin-cowen","to_ping":"","pinged":"","post_modified":"2023-04-11 00:07:43","post_modified_gmt":"2023-04-10 14:07:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7107","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7093,"post_author":"1","post_date":"2022-09-11 19:27:57","post_date_gmt":"2022-09-11 09:27:57","post_content":"\n
Mike McGlone is a senior strategist at Bloomberg Intelligence, has recently shared multiple on Twitter discussing various commodities and concerns related to the current state of markets worldwide.<\/p>\n\n\n\n
In one tweet McGlone outlined his September Crypto Outlook<\/a><\/em> where he believes that the world is leaning towards a recession in light of recent events including the tightening of interest rates by the Federal Reserve.<\/li><\/ul>\n\n\n\n
A key indicator that had encouraged the Fed's fight against inflation was the soar in energy prices. This pressured high-risk assets, namely cryptocurrencies, and once the dust settles from recent events crypto prices will start to \"bouy\" as \u201ccrude oil decline may fuel Bitcoin recovery.\u201d Reuters recently reported<\/a> that the Strategic Petroleum Reserve (SPR) fell to its lowest level in more than 35 years.<\/li><\/ul>\n\n\n\n
Price data from 2018-19 was compared to price data from today showing a similar benchmark where \"Bitcoin is at a discount within an elongated bull market.\"<\/li><\/ul>\n\n\n\n
$\""Too$
Bitcoin Price Data. Source: Bloomberg Intelligence<\/figcaption><\/figure>\n\n\n\n
In an interview<\/a> with Bell Media, McGlone believes that cryptocurrencies will continue to outperform traditional assets with declining volatility. He hints at being bullish on Bitcoin believing will put in a bottom at, or below $20,000 similar to 2018 and 2013 before going into an upward trajectory.<\/li><\/ul>\n\n\n\n
McGlone hinted at Ethereum becoming a large part of the financial system as the merge<\/a> approaches due to its ability to make tokenized assets<\/a> readily accessible to the public just like ETFs had done with traditional assets.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Will Return \u2013 Ruchir Sharma, The Chairman Of Rockefeller International<\/a><\/p>\n","post_title":"Bullish On Bitcoin, It's Trading At A Discount - Bloomberg Intelligence","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bullish-on-bitcoin-its-trading-at-a-discount-bloomberg-intelligence","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/ethereum-proof-of-stake-merge-set-for-mid-september\/\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/\nhttps:\/\/www.thedistributed.co\/bitcoin-will-return-ruchir-sharma-the-chairman-of-rockefeller-international\/","post_modified":"2023-04-11 00:07:57","post_modified_gmt":"2023-04-10 14:07:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7093","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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Binance Coin (BNB)

December 8, 2022 - Updated on January 15, 2023

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\n
Even the biggest exchanges such as FTX<\/a> are victims of bankruptcy and other factors which may put your funds at risk. Therefore, it is vital to thoroughly research any investment, cryptocurrency or not, prior to making a decision and only investing what you can afford to lose. <\/p>\n\n\n\n
Is BNB A Good Long-Term Investment?<\/h2>\n\n\n\n
The long-term potential of Binance Coin (BNB) as an investment will depend on a number of factors, including the overall performance of the Binance exchange, which depends on the overall health of the cryptocurrency markets. BNB is a well-established token with a well-established exchange, with a strong track record, and a large and active user base, which can provide investors with confidence in the long-term prospects of the token.<\/p>\n\n\n\n
Binance Coin (BNB) Frequently Asked Questions<\/h2>\n\n\n\n
Is Binance Coin A Stablecoin?<\/h3>\n\n\n\n
Binance Coin (BNB) is not a stablecoin, although there is a Binance USD stablecoin<\/a> (BUSD) which is pegged 1:1 with the US Dollar.<\/p>\n\n\n\n
What If I Lose My BNB?<\/h3>\n\n\n\n
In eligible cases such as certain lost token scenarios or \"honest mistakes\", Binance may reimburse the user for their lost coins. They do this alongside their burning mechanism, where they will count the lost coins as burnt and credit the user BNB.((Binance - Binance Introduces the BNB Pioneer Burn Program, Adjusts BNB Token Burn Mechanics<\/a>))<\/p>\n","post_title":"Binance Coin (BNB)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-coin-bnb","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/smart-contracts\/\nhttps:\/\/www.thedistributed.co\/cryptocurrency-burning\/\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-01-15 15:44:02","post_modified_gmt":"2023-01-15 04:44:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8715","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7530,"post_author":"1","post_date":"2022-10-08 00:21:45","post_date_gmt":"2022-10-07 13:21:45","post_content":"\n
Web3 startup Thallo announced<\/a> a partnership with Ripple Labs, the developers behind XRP, and 22 other partners to launch a blockchain-based carbon credit marketplace.<\/p>\n\n\n\n
Carbon credits are given to companies and define how much emissions they're allowed to put out, which can be traded between companies. Thallo aims to solve liquidity and pricing problems within the current carbon credit marketplace.<\/li><\/ul>\n\n\n\n
\u201cAs the demand for carbon credits intensifies, blockchain and crypto technology is uniquely positioned to help support market growth by solving persistent challenges around transparency, traceability and verification,\u201d says Ken Weber a senior VP for Ripple's social impact and sustainability sector in Thallos announcement.<\/li><\/ul>\n\n\n\n
\"By leveraging Ripple\u2019s enterprise readiness and carbon neutral XRPL\u2019s reliability at scale, Thallo is democratizing access to verified carbon credits for both institutional and retail investors to help offset their carbon footprints in a way that satisfies their key stakeholders,\" added Weber.<\/li><\/ul>\n\n\n\n
See Related: <\/strong><\/em>Ripple vs. SEC: How The Outcome Can Affect The Cryptocurrency Market<\/a><\/p>\n\n\n\n
Thallo's Carbon Neutral Team<\/h2>\n\n\n\n
In the announcement, Thallo defined their team as experts in climate and sustainability as well as web3. Alongside Thallo, the 23 partners split into three sectors. The Founding Partners<\/em> include Ripple Labs and Climate Collective to support the development of the platform.<\/li><\/ul>\n\n\n\n
The second sector is the Integrity Partners<\/em> which are academic instiutions, non-profits, and associations which aim to scale carbon markets with integrity such as Carbon Business Council and Crypto Climate Accord.<\/li><\/ul>\n\n\n\n
Finally, the largest sector with 14 companies, the Innovation Partners<\/em>, are the companies that develop the key aspects of the marketplace including Chainlink, Celo Foundation and Filecoin Green.<\/li><\/ul>\n\n\n\nSee Related:<\/em><\/strong> Crypto Mining Is a Threat To The U.S. Climate Commitments And Goals, White House Appraised<\/a><\/p>\n","post_title":"Ripple Labs Partner With Thallo To Develop Carbon Credit Marketplace","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-labs-partner-with-thallo-to-develop-carbon-credit-marketplace","to_ping":"","pinged":"","post_modified":"2022-10-08 00:24:06","post_modified_gmt":"2022-10-07 13:24:06","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7530","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7480,"post_author":"1","post_date":"2022-10-02 00:26:44","post_date_gmt":"2022-10-01 14:26:44","post_content":"\n
David Rubenstein, the billionaire co-founder\/chairman of The Carlyle Group was interviewed by fellow billionaire Ken Griffin to discuss<\/a> his view on crypto assets.<\/p>\n\n\n\n
Rubenstein, although not an investor in cryptocurrencies directly has been indirectly investing in them through companies that service the industry. \u201cI have not invested in cryptocurrencies. But I have invested in my family office through companies that service the industry,\" he states.<\/li><\/ul>\n\n\n\n
Although Rubenstein believes \"the industry is not going away anytime soon,\" he states that \"I can\u2019t pick which of the 18,000 cryptocurrencies are going to work. But I think the industry is not going away,\" as there are countless investors who've increasingly lobbied congress to prevent over-regulation.<\/li><\/ul>\n\n\n\n
Griffin asked \"What do you think about cryptocurrencies,\" Rubenstein responded that \"if it gives you pleasure to do the gambling allocate enough money that you can afford to lose, with crypto that was my view for some time...I now think that crypto is not going to go away the way some people have thought and while you can argue it's worthless in some respects, many things that people buy are maybe worthless.\"<\/li><\/ul>\n\n\n\n
The billionaire also believes that the reason so many people want to invest in crypto assets is to take some of the power away that the government and authorities have. \"They tend to be liking this thing that's anti-government, they want to have some of their assets and things that the government can't control or know what they're doing.\"<\/li><\/ul>\n\n\n\n
See Related: <\/em><\/strong>Bitcoins Bottom Is Likely In, Crypto Analyst Benjamin Cowen<\/a><\/p>\n\n\n\n
\nhttps:\/\/www.youtube.com\/watch?v=R-RHmKx9xTY\n<\/div><\/figure>\n","post_title":"Crypto Is Not Going Away, Billionaire David Rubenstein","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"crypto-is-not-going-away-billionaire-david-rubenstein","to_ping":"","pinged":"","post_modified":"2022-10-03 16:02:18","post_modified_gmt":"2022-10-03 05:02:18","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7480","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7348,"post_author":"1","post_date":"2022-09-25 00:12:26","post_date_gmt":"2022-09-24 14:12:26","post_content":"\n
Ethereum recently merged its proof-of-work (PoW) blockchain with its proof-of-stake (PoS) blockchain which reduced its energy consumption by 99.95% and made the network more scalable for future projects.<\/p>\n\n\n\n
At the recent Mainnet event, Ethereum co-founder Vitalik Buterin<\/a> was questioned<\/a> about PoS<\/a> as a consensus model. \"Should all networks move to PoS?\" Ryan Selkis<\/a> asked, Buterin replied that \"As PoS matures I would expect it to increase in legitimacy over time. I hope Zcash moves over and I am hopeful Dogecoin moves to PoS soon.\"<\/li><\/ul>\n\n\n\n
Zcash is a blockchain that focused heavily on user privacy with the company behind Zcash already detailing<\/a> how the privacy coin would transition to PoS. This may not be as simple due to the heavy decentralization of the network, comparing it to its launch<\/a> which had 6 pseudonymous identities all with a portion of the network's private key.<\/li><\/ul>\n\n\n\n
On the other hand, Dogecoin is a cryptocurrency that has grown heavily in popularity over the past few years despite launching to mock cryptocurrencies. Dogecoin is now commonly accepted by vendors and its developers have expressed interest in a PoS chain.<\/li><\/ul>\n\n\n\n
ZCash is currently trading at $57.59 and is the 54th largest token<\/a> by market cap. Dogecoin is currently trading at $0.066 and is the 10th largest token by ma<\/a>r<\/a>ket cap<\/a>.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Hopeful That ZCash And Dogecoin Move To PoS - Vitalik Buterin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hopeful-that-zcash-and-dogecoin-move-to-pos-vitalik-buterin","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/proof-of-stake\/\nhttps:\/\/www.thedistributed.co\/whistleblower-edward-snowden-played-a-key-role-in-the-creation-of-zcash\/","post_modified":"2023-04-30 21:30:23","post_modified_gmt":"2023-04-30 11:30:23","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7348","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7259,"post_author":"1","post_date":"2022-09-21 21:11:23","post_date_gmt":"2022-09-21 11:11:23","post_content":"\n
Katherine Polk Failla, a New York judge, has ordered<\/a> Tether to reveal the financial documents that prove its backing of the stable<\/a>c<\/a>oin<\/a>.<\/p>\n\n\n\n
Tether is required to provide the United States District Court for the Southern District of New York with \u201cgeneral ledgers, balance sheets, income statements, cash-flow statements, and profit and loss statements.\" The lawsuit alleges that Tether had conspired to artificially inflate the price of Bitcoin through a USDT campaign.<\/li><\/ul>\n\n\n\n
Tether has avoided providing these documents as they are \"sensitive\", although Failla justified the plaintiffs require the documents \"to asses the backing of USDT with US dollars...The documents sought in the transactions RFPs appear to go to one of Plaintiffs\u2019 core allegations: that the B\/T Defendants engaged in cyptocommodities transactions using unbacked USDT, and that those transactions \u201cwere strategically timed to inflate the market.\u2019\u201d<\/li><\/ul>\n\n\n\n
Tether is also required to cough up accounts and details related to accounts held with Bitfiniex, Bittrex, and Poloniex as apart of a case<\/a> against iFinex started in 2019 - the company behind Bitfinex and Tether.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Tethers Peso-Backed Stablecoin MXNT Launches In Mexico<\/a><\/p>\n","post_title":"Tether Ordered To Reveal USDTs Exact Backings","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tether-ordered-to-reveal-usdts-exact-backings","to_ping":"","pinged":"","post_modified":"2023-04-10 18:53:49","post_modified_gmt":"2023-04-10 08:53:49","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7259","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7229,"post_author":"1","post_date":"2022-09-20 22:22:55","post_date_gmt":"2022-09-20 12:22:55","post_content":"\n
Raoul Pal, a former executive at Goldman Sachs and macro expert believes that Ethereum could lead markets in the next bull cycle.<\/p>\n\n\n\n
Pal recently hosted<\/a> an ask me anything (AMA). Amongst various different questions, Pal predicted that \u201cas adoption keeps building, a lot of adoption spills outside of ETH into the Solana, Avalanche, and a bunch of other protocols as well.\" He added that \"we\u2019re going to see ETH lead the charge, and then we\u2019ll see this tail of stuff starting to come as we start a new bull market and generally things work that way.\u201d<\/p>\n\n\n\n
Pal is keeping his eye on one Ethereum competitor though. \u201cI think a lot of these layer ones this time around will be like ETH in the last cycle. They\u2019ll end up becoming very large dominant chains. Which ones? I don\u2019t really know. My bet is really on Solana, but it could be any of these.\" He added that he is \"watching them and waiting to see,\" tracking SOL\/ETH using a DeMark indicator.<\/p>\n\n\n\n
Pal also recommends listening to a broad base of opinions when doing research for the upcoming markets. \"You weigh them [varying opinions] yourself, how important is that to me?... Having people's opposite opinions, differences, and nuances, is really important for the macro scenario...Once you start listening to a lot of people you can start formulating your own opinions.\" <\/p>\n\n\n\n
He believes that you should follow what makes the most sense from your view - this added responsibility will likely form a better and stronger choice for yourself.<\/p>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n\n\n\n
\nhttps:\/\/www.youtube.com\/watch?v=H5j8mHKHScU\n<\/div>
Raoul Pal - Ask Me Anything<\/figcaption><\/figure>\n","post_title":"ETH Will Lead Charge Next Cycle Predicts Raoul Pal","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"eth-will-lead-charge-next-cycle-predicts-raoul-pal","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-misconceptions-with-the-ethereum-merge\/","post_modified":"2023-04-10 18:54:37","post_modified_gmt":"2023-04-10 08:54:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7229","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7153,"post_author":"1","post_date":"2022-09-19 20:57:39","post_date_gmt":"2022-09-19 10:57:39","post_content":"\n
Ethereum has just completed its merge<\/a> to a proof-of-stake<\/a> consensus from proof-of-work, could the primary source of validation bring in more institutional investors?<\/p>\n\n\n\n
\"They're [instiutional investors] looking for yield,\" said<\/a> FalconX CEO Raghu Yarlagadda in a recent interview with CoinDesk, \"with the ETH merge, the possibility of generating a sustainable, stable yield is interesting\" he added. <\/li><\/ul>\n\n\n\n
PoS is a consensus mechanism where transactions are validated through users staking their coins, in return for staking users will receive a small fee for playing their part. Currently, on Ethereum, this may yield users around 10-15% annually which makes it an alternative to typical bonds. <\/li><\/ul>\n\n\n\n
The reduced energy consumption could also make for a more eco-friendly investment in institutional eyes. Environmental, Social, and Governance (ESG) is a metric popular amongst various institutions, so Ethereum reducing its energy consumption by 99.95% and reducing<\/a> the world's energy consumption by 0.02% is a big plus.<\/li><\/ul>\n\n\n\n
Ethereum will also be more scarce now the merge has happened with annual issuance dropping ~90% to 600,000 per year and burning<\/a> of Ethereum transaction fees, along with staking taking even more Ethereum out of circulation.<\/li><\/ul>\n\n\n\n
Although it may attract institutional investors, using it in an institutional scene may not be the most efficient thing to do as of yet. Currently, Ethereum has 15 transactions per second (TP\/S) compared to VISA with ~1,700 and Solana at 2,300. The merge promises to make Ethereum more accessible which could bring scaling solutions to light that improve its lacking metrics.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Ethereum May Attract Institutional Investors \"Looking For Yield\"","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-may-attract-institutional-investors-looking-for-yield","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2023-04-10 18:54:55","post_modified_gmt":"2023-04-10 08:54:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7153","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7141,"post_author":"1","post_date":"2022-09-14 22:57:51","post_date_gmt":"2022-09-14 12:57:51","post_content":"\n
Do Kwon, co-founder of Terraform Labs has been issued an arrest warrant by a South Korean court in the wake of Terra Luna's collapse<\/a> earlier this year.<\/p>\n\n\n\n
A report<\/a> from South Korean news outlet Chosun Ilbo details that there were an additional 5 arrest warrants laid out. This includes Nicholas Platias, a founding member of Terraform Labs, and Han Mo, an employee. The charges being faced are for violating the Capital Markets Act. As prosecutors believe that Terra Luna falls under an \u201cinvestment contract security\u201d.<\/li><\/ul>\n\n\n\n
Although the warrant was issued by a South Korean court, key members of Terraform Labs including Kwon and the 5 other individuals are currently located in Singapore. As a result, the warrant is valid for the next year. This comes after South Korean authorities banned<\/a> Terra Luna's main designers from leaving the country.<\/li><\/ul>\n\n\n\n
After LUNA and sister stablecoin<\/a> UST collapsed earlier this year, investors were bought to outrage with a combined US$42B wiped out from the two coins alongside a 99.99% drop in price. In turn, investors were quick to sue Kwon and others for violating various laws and acts as rumors<\/a> were quick to spread in relation to the downfall.<\/li><\/ul>\n\n\n\n
See Related:<\/strong><\/em> War On Code \u2013 Tornado Cash Developer Alexey Pertsev Arrested<\/a><\/p>\n","post_title":"Terra's Do Kwon Wanted For Arrest By Seoul Court","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"terras-do-kwon-wanted-for-arrest-by-seoul-court","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-30 21:31:32","post_modified_gmt":"2023-04-30 11:31:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7141","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7107,"post_author":"1","post_date":"2022-09-12 21:36:27","post_date_gmt":"2022-09-12 11:36:27","post_content":"\n
Benjamin Cowen<\/a> is a well-regarded crypto analyst, using a historically accurate indicator he has found it likely that Bitcoin has hit its bottom or is very close to doing so.<\/p>\n\n\n\n
Cowen was recently featured<\/a> on Kitco News where he discussed his use of the metric. \"One of the interesting things about this chart is that historically, Bitcoin does not bottom until after they cross,\" he stated.<\/li><\/ul>\n\n\n\n
The indicator Cowen used is the Bitcoin Percentage Of Supply In Profit And Loss<\/a>. This indicates how many Bitcoins are at a profit or loss for their holders. Looking at the chart from a widened perspective Cowen shows how this metric has accompanied tops and bottoms over the long term.<\/li><\/ul>\n\n\n\n
Cowen added that they have recently just crossed each other and how the bottom typically occurs after they cross. \"When it comes up here, that\u2019s generally the time where you want to scale out when we\u2019re continuing to push those new all-time highs so to me this is an indicator that would suggest that if we did get another leg down there\u2019s a lot of evidence that could be the major bottom,\" he added.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bullish On Bitcoin, It\u2019s Trading At A Discount \u2013 Bloomberg Intelligence<\/a><\/p>\n\n\n\n
$\"Benjamin$
Benjamin Cowen Illustrating The Bitcoin Percentage Of Supply In Profit And Loss Metric Source: YouTube\/Kitco News<\/em><\/figcaption><\/figure>\n","post_title":"Bitcoins Bottom Is Likely In, Crypto Analyst Benjamin Cowen","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoins-bottom-is-likely-in-crypto-analyst-benjamin-cowen","to_ping":"","pinged":"","post_modified":"2023-04-11 00:07:43","post_modified_gmt":"2023-04-10 14:07:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7107","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7093,"post_author":"1","post_date":"2022-09-11 19:27:57","post_date_gmt":"2022-09-11 09:27:57","post_content":"\n
Mike McGlone is a senior strategist at Bloomberg Intelligence, has recently shared multiple on Twitter discussing various commodities and concerns related to the current state of markets worldwide.<\/p>\n\n\n\n
In one tweet McGlone outlined his September Crypto Outlook<\/a><\/em> where he believes that the world is leaning towards a recession in light of recent events including the tightening of interest rates by the Federal Reserve.<\/li><\/ul>\n\n\n\n
A key indicator that had encouraged the Fed's fight against inflation was the soar in energy prices. This pressured high-risk assets, namely cryptocurrencies, and once the dust settles from recent events crypto prices will start to \"bouy\" as \u201ccrude oil decline may fuel Bitcoin recovery.\u201d Reuters recently reported<\/a> that the Strategic Petroleum Reserve (SPR) fell to its lowest level in more than 35 years.<\/li><\/ul>\n\n\n\n
Price data from 2018-19 was compared to price data from today showing a similar benchmark where \"Bitcoin is at a discount within an elongated bull market.\"<\/li><\/ul>\n\n\n\n
$\""Too$
Bitcoin Price Data. Source: Bloomberg Intelligence<\/figcaption><\/figure>\n\n\n\n
In an interview<\/a> with Bell Media, McGlone believes that cryptocurrencies will continue to outperform traditional assets with declining volatility. He hints at being bullish on Bitcoin believing will put in a bottom at, or below $20,000 similar to 2018 and 2013 before going into an upward trajectory.<\/li><\/ul>\n\n\n\n
McGlone hinted at Ethereum becoming a large part of the financial system as the merge<\/a> approaches due to its ability to make tokenized assets<\/a> readily accessible to the public just like ETFs had done with traditional assets.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Will Return \u2013 Ruchir Sharma, The Chairman Of Rockefeller International<\/a><\/p>\n","post_title":"Bullish On Bitcoin, It's Trading At A Discount - Bloomberg Intelligence","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bullish-on-bitcoin-its-trading-at-a-discount-bloomberg-intelligence","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/ethereum-proof-of-stake-merge-set-for-mid-september\/\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/\nhttps:\/\/www.thedistributed.co\/bitcoin-will-return-ruchir-sharma-the-chairman-of-rockefeller-international\/","post_modified":"2023-04-11 00:07:57","post_modified_gmt":"2023-04-10 14:07:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7093","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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Binance Coin (BNB)

December 8, 2022 - Updated on January 15, 2023

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\n
The safety of an investment in Binance Coin (BNB) depends on several factors, including the overall stability of the cryptocurrency market and the performance of the Binance exchange platform. As with any investment, it's important to consider the potential risks and rewards before deciding. Investing in BNB or any other cryptocurrency carries a high degree of risk, and it's possible that you could lose some or all of your investment. <\/p>\n\n\n\n
Even the biggest exchanges such as FTX<\/a> are victims of bankruptcy and other factors which may put your funds at risk. Therefore, it is vital to thoroughly research any investment, cryptocurrency or not, prior to making a decision and only investing what you can afford to lose. <\/p>\n\n\n\n
Is BNB A Good Long-Term Investment?<\/h2>\n\n\n\n
The long-term potential of Binance Coin (BNB) as an investment will depend on a number of factors, including the overall performance of the Binance exchange, which depends on the overall health of the cryptocurrency markets. BNB is a well-established token with a well-established exchange, with a strong track record, and a large and active user base, which can provide investors with confidence in the long-term prospects of the token.<\/p>\n\n\n\n
Binance Coin (BNB) Frequently Asked Questions<\/h2>\n\n\n\n
Is Binance Coin A Stablecoin?<\/h3>\n\n\n\n
Binance Coin (BNB) is not a stablecoin, although there is a Binance USD stablecoin<\/a> (BUSD) which is pegged 1:1 with the US Dollar.<\/p>\n\n\n\n
What If I Lose My BNB?<\/h3>\n\n\n\n
In eligible cases such as certain lost token scenarios or \"honest mistakes\", Binance may reimburse the user for their lost coins. They do this alongside their burning mechanism, where they will count the lost coins as burnt and credit the user BNB.((Binance - Binance Introduces the BNB Pioneer Burn Program, Adjusts BNB Token Burn Mechanics<\/a>))<\/p>\n","post_title":"Binance Coin (BNB)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-coin-bnb","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/smart-contracts\/\nhttps:\/\/www.thedistributed.co\/cryptocurrency-burning\/\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-01-15 15:44:02","post_modified_gmt":"2023-01-15 04:44:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8715","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7530,"post_author":"1","post_date":"2022-10-08 00:21:45","post_date_gmt":"2022-10-07 13:21:45","post_content":"\n
Web3 startup Thallo announced<\/a> a partnership with Ripple Labs, the developers behind XRP, and 22 other partners to launch a blockchain-based carbon credit marketplace.<\/p>\n\n\n\n
Carbon credits are given to companies and define how much emissions they're allowed to put out, which can be traded between companies. Thallo aims to solve liquidity and pricing problems within the current carbon credit marketplace.<\/li><\/ul>\n\n\n\n
\u201cAs the demand for carbon credits intensifies, blockchain and crypto technology is uniquely positioned to help support market growth by solving persistent challenges around transparency, traceability and verification,\u201d says Ken Weber a senior VP for Ripple's social impact and sustainability sector in Thallos announcement.<\/li><\/ul>\n\n\n\n
\"By leveraging Ripple\u2019s enterprise readiness and carbon neutral XRPL\u2019s reliability at scale, Thallo is democratizing access to verified carbon credits for both institutional and retail investors to help offset their carbon footprints in a way that satisfies their key stakeholders,\" added Weber.<\/li><\/ul>\n\n\n\n
See Related: <\/strong><\/em>Ripple vs. SEC: How The Outcome Can Affect The Cryptocurrency Market<\/a><\/p>\n\n\n\n
Thallo's Carbon Neutral Team<\/h2>\n\n\n\n
In the announcement, Thallo defined their team as experts in climate and sustainability as well as web3. Alongside Thallo, the 23 partners split into three sectors. The Founding Partners<\/em> include Ripple Labs and Climate Collective to support the development of the platform.<\/li><\/ul>\n\n\n\n
The second sector is the Integrity Partners<\/em> which are academic instiutions, non-profits, and associations which aim to scale carbon markets with integrity such as Carbon Business Council and Crypto Climate Accord.<\/li><\/ul>\n\n\n\n
Finally, the largest sector with 14 companies, the Innovation Partners<\/em>, are the companies that develop the key aspects of the marketplace including Chainlink, Celo Foundation and Filecoin Green.<\/li><\/ul>\n\n\n\nSee Related:<\/em><\/strong> Crypto Mining Is a Threat To The U.S. Climate Commitments And Goals, White House Appraised<\/a><\/p>\n","post_title":"Ripple Labs Partner With Thallo To Develop Carbon Credit Marketplace","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-labs-partner-with-thallo-to-develop-carbon-credit-marketplace","to_ping":"","pinged":"","post_modified":"2022-10-08 00:24:06","post_modified_gmt":"2022-10-07 13:24:06","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7530","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7480,"post_author":"1","post_date":"2022-10-02 00:26:44","post_date_gmt":"2022-10-01 14:26:44","post_content":"\n
David Rubenstein, the billionaire co-founder\/chairman of The Carlyle Group was interviewed by fellow billionaire Ken Griffin to discuss<\/a> his view on crypto assets.<\/p>\n\n\n\n
Rubenstein, although not an investor in cryptocurrencies directly has been indirectly investing in them through companies that service the industry. \u201cI have not invested in cryptocurrencies. But I have invested in my family office through companies that service the industry,\" he states.<\/li><\/ul>\n\n\n\n
Although Rubenstein believes \"the industry is not going away anytime soon,\" he states that \"I can\u2019t pick which of the 18,000 cryptocurrencies are going to work. But I think the industry is not going away,\" as there are countless investors who've increasingly lobbied congress to prevent over-regulation.<\/li><\/ul>\n\n\n\n
Griffin asked \"What do you think about cryptocurrencies,\" Rubenstein responded that \"if it gives you pleasure to do the gambling allocate enough money that you can afford to lose, with crypto that was my view for some time...I now think that crypto is not going to go away the way some people have thought and while you can argue it's worthless in some respects, many things that people buy are maybe worthless.\"<\/li><\/ul>\n\n\n\n
The billionaire also believes that the reason so many people want to invest in crypto assets is to take some of the power away that the government and authorities have. \"They tend to be liking this thing that's anti-government, they want to have some of their assets and things that the government can't control or know what they're doing.\"<\/li><\/ul>\n\n\n\n
See Related: <\/em><\/strong>Bitcoins Bottom Is Likely In, Crypto Analyst Benjamin Cowen<\/a><\/p>\n\n\n\n
\nhttps:\/\/www.youtube.com\/watch?v=R-RHmKx9xTY\n<\/div><\/figure>\n","post_title":"Crypto Is Not Going Away, Billionaire David Rubenstein","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"crypto-is-not-going-away-billionaire-david-rubenstein","to_ping":"","pinged":"","post_modified":"2022-10-03 16:02:18","post_modified_gmt":"2022-10-03 05:02:18","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7480","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7348,"post_author":"1","post_date":"2022-09-25 00:12:26","post_date_gmt":"2022-09-24 14:12:26","post_content":"\n
Ethereum recently merged its proof-of-work (PoW) blockchain with its proof-of-stake (PoS) blockchain which reduced its energy consumption by 99.95% and made the network more scalable for future projects.<\/p>\n\n\n\n
At the recent Mainnet event, Ethereum co-founder Vitalik Buterin<\/a> was questioned<\/a> about PoS<\/a> as a consensus model. \"Should all networks move to PoS?\" Ryan Selkis<\/a> asked, Buterin replied that \"As PoS matures I would expect it to increase in legitimacy over time. I hope Zcash moves over and I am hopeful Dogecoin moves to PoS soon.\"<\/li><\/ul>\n\n\n\n
Zcash is a blockchain that focused heavily on user privacy with the company behind Zcash already detailing<\/a> how the privacy coin would transition to PoS. This may not be as simple due to the heavy decentralization of the network, comparing it to its launch<\/a> which had 6 pseudonymous identities all with a portion of the network's private key.<\/li><\/ul>\n\n\n\n
On the other hand, Dogecoin is a cryptocurrency that has grown heavily in popularity over the past few years despite launching to mock cryptocurrencies. Dogecoin is now commonly accepted by vendors and its developers have expressed interest in a PoS chain.<\/li><\/ul>\n\n\n\n
ZCash is currently trading at $57.59 and is the 54th largest token<\/a> by market cap. Dogecoin is currently trading at $0.066 and is the 10th largest token by ma<\/a>r<\/a>ket cap<\/a>.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Hopeful That ZCash And Dogecoin Move To PoS - Vitalik Buterin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hopeful-that-zcash-and-dogecoin-move-to-pos-vitalik-buterin","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/proof-of-stake\/\nhttps:\/\/www.thedistributed.co\/whistleblower-edward-snowden-played-a-key-role-in-the-creation-of-zcash\/","post_modified":"2023-04-30 21:30:23","post_modified_gmt":"2023-04-30 11:30:23","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7348","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7259,"post_author":"1","post_date":"2022-09-21 21:11:23","post_date_gmt":"2022-09-21 11:11:23","post_content":"\n
Katherine Polk Failla, a New York judge, has ordered<\/a> Tether to reveal the financial documents that prove its backing of the stable<\/a>c<\/a>oin<\/a>.<\/p>\n\n\n\n
Tether is required to provide the United States District Court for the Southern District of New York with \u201cgeneral ledgers, balance sheets, income statements, cash-flow statements, and profit and loss statements.\" The lawsuit alleges that Tether had conspired to artificially inflate the price of Bitcoin through a USDT campaign.<\/li><\/ul>\n\n\n\n
Tether has avoided providing these documents as they are \"sensitive\", although Failla justified the plaintiffs require the documents \"to asses the backing of USDT with US dollars...The documents sought in the transactions RFPs appear to go to one of Plaintiffs\u2019 core allegations: that the B\/T Defendants engaged in cyptocommodities transactions using unbacked USDT, and that those transactions \u201cwere strategically timed to inflate the market.\u2019\u201d<\/li><\/ul>\n\n\n\n
Tether is also required to cough up accounts and details related to accounts held with Bitfiniex, Bittrex, and Poloniex as apart of a case<\/a> against iFinex started in 2019 - the company behind Bitfinex and Tether.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Tethers Peso-Backed Stablecoin MXNT Launches In Mexico<\/a><\/p>\n","post_title":"Tether Ordered To Reveal USDTs Exact Backings","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tether-ordered-to-reveal-usdts-exact-backings","to_ping":"","pinged":"","post_modified":"2023-04-10 18:53:49","post_modified_gmt":"2023-04-10 08:53:49","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7259","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7229,"post_author":"1","post_date":"2022-09-20 22:22:55","post_date_gmt":"2022-09-20 12:22:55","post_content":"\n
Raoul Pal, a former executive at Goldman Sachs and macro expert believes that Ethereum could lead markets in the next bull cycle.<\/p>\n\n\n\n
Pal recently hosted<\/a> an ask me anything (AMA). Amongst various different questions, Pal predicted that \u201cas adoption keeps building, a lot of adoption spills outside of ETH into the Solana, Avalanche, and a bunch of other protocols as well.\" He added that \"we\u2019re going to see ETH lead the charge, and then we\u2019ll see this tail of stuff starting to come as we start a new bull market and generally things work that way.\u201d<\/p>\n\n\n\n
Pal is keeping his eye on one Ethereum competitor though. \u201cI think a lot of these layer ones this time around will be like ETH in the last cycle. They\u2019ll end up becoming very large dominant chains. Which ones? I don\u2019t really know. My bet is really on Solana, but it could be any of these.\" He added that he is \"watching them and waiting to see,\" tracking SOL\/ETH using a DeMark indicator.<\/p>\n\n\n\n
Pal also recommends listening to a broad base of opinions when doing research for the upcoming markets. \"You weigh them [varying opinions] yourself, how important is that to me?... Having people's opposite opinions, differences, and nuances, is really important for the macro scenario...Once you start listening to a lot of people you can start formulating your own opinions.\" <\/p>\n\n\n\n
He believes that you should follow what makes the most sense from your view - this added responsibility will likely form a better and stronger choice for yourself.<\/p>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n\n\n\n
\nhttps:\/\/www.youtube.com\/watch?v=H5j8mHKHScU\n<\/div>
Raoul Pal - Ask Me Anything<\/figcaption><\/figure>\n","post_title":"ETH Will Lead Charge Next Cycle Predicts Raoul Pal","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"eth-will-lead-charge-next-cycle-predicts-raoul-pal","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-misconceptions-with-the-ethereum-merge\/","post_modified":"2023-04-10 18:54:37","post_modified_gmt":"2023-04-10 08:54:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7229","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7153,"post_author":"1","post_date":"2022-09-19 20:57:39","post_date_gmt":"2022-09-19 10:57:39","post_content":"\n
Ethereum has just completed its merge<\/a> to a proof-of-stake<\/a> consensus from proof-of-work, could the primary source of validation bring in more institutional investors?<\/p>\n\n\n\n
\"They're [instiutional investors] looking for yield,\" said<\/a> FalconX CEO Raghu Yarlagadda in a recent interview with CoinDesk, \"with the ETH merge, the possibility of generating a sustainable, stable yield is interesting\" he added. <\/li><\/ul>\n\n\n\n
PoS is a consensus mechanism where transactions are validated through users staking their coins, in return for staking users will receive a small fee for playing their part. Currently, on Ethereum, this may yield users around 10-15% annually which makes it an alternative to typical bonds. <\/li><\/ul>\n\n\n\n
The reduced energy consumption could also make for a more eco-friendly investment in institutional eyes. Environmental, Social, and Governance (ESG) is a metric popular amongst various institutions, so Ethereum reducing its energy consumption by 99.95% and reducing<\/a> the world's energy consumption by 0.02% is a big plus.<\/li><\/ul>\n\n\n\n
Ethereum will also be more scarce now the merge has happened with annual issuance dropping ~90% to 600,000 per year and burning<\/a> of Ethereum transaction fees, along with staking taking even more Ethereum out of circulation.<\/li><\/ul>\n\n\n\n
Although it may attract institutional investors, using it in an institutional scene may not be the most efficient thing to do as of yet. Currently, Ethereum has 15 transactions per second (TP\/S) compared to VISA with ~1,700 and Solana at 2,300. The merge promises to make Ethereum more accessible which could bring scaling solutions to light that improve its lacking metrics.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Ethereum May Attract Institutional Investors \"Looking For Yield\"","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-may-attract-institutional-investors-looking-for-yield","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2023-04-10 18:54:55","post_modified_gmt":"2023-04-10 08:54:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7153","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7141,"post_author":"1","post_date":"2022-09-14 22:57:51","post_date_gmt":"2022-09-14 12:57:51","post_content":"\n
Do Kwon, co-founder of Terraform Labs has been issued an arrest warrant by a South Korean court in the wake of Terra Luna's collapse<\/a> earlier this year.<\/p>\n\n\n\n
A report<\/a> from South Korean news outlet Chosun Ilbo details that there were an additional 5 arrest warrants laid out. This includes Nicholas Platias, a founding member of Terraform Labs, and Han Mo, an employee. The charges being faced are for violating the Capital Markets Act. As prosecutors believe that Terra Luna falls under an \u201cinvestment contract security\u201d.<\/li><\/ul>\n\n\n\n
Although the warrant was issued by a South Korean court, key members of Terraform Labs including Kwon and the 5 other individuals are currently located in Singapore. As a result, the warrant is valid for the next year. This comes after South Korean authorities banned<\/a> Terra Luna's main designers from leaving the country.<\/li><\/ul>\n\n\n\n
After LUNA and sister stablecoin<\/a> UST collapsed earlier this year, investors were bought to outrage with a combined US$42B wiped out from the two coins alongside a 99.99% drop in price. In turn, investors were quick to sue Kwon and others for violating various laws and acts as rumors<\/a> were quick to spread in relation to the downfall.<\/li><\/ul>\n\n\n\n
See Related:<\/strong><\/em> War On Code \u2013 Tornado Cash Developer Alexey Pertsev Arrested<\/a><\/p>\n","post_title":"Terra's Do Kwon Wanted For Arrest By Seoul Court","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"terras-do-kwon-wanted-for-arrest-by-seoul-court","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-30 21:31:32","post_modified_gmt":"2023-04-30 11:31:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7141","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7107,"post_author":"1","post_date":"2022-09-12 21:36:27","post_date_gmt":"2022-09-12 11:36:27","post_content":"\n
Benjamin Cowen<\/a> is a well-regarded crypto analyst, using a historically accurate indicator he has found it likely that Bitcoin has hit its bottom or is very close to doing so.<\/p>\n\n\n\n
Cowen was recently featured<\/a> on Kitco News where he discussed his use of the metric. \"One of the interesting things about this chart is that historically, Bitcoin does not bottom until after they cross,\" he stated.<\/li><\/ul>\n\n\n\n
The indicator Cowen used is the Bitcoin Percentage Of Supply In Profit And Loss<\/a>. This indicates how many Bitcoins are at a profit or loss for their holders. Looking at the chart from a widened perspective Cowen shows how this metric has accompanied tops and bottoms over the long term.<\/li><\/ul>\n\n\n\n
Cowen added that they have recently just crossed each other and how the bottom typically occurs after they cross. \"When it comes up here, that\u2019s generally the time where you want to scale out when we\u2019re continuing to push those new all-time highs so to me this is an indicator that would suggest that if we did get another leg down there\u2019s a lot of evidence that could be the major bottom,\" he added.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bullish On Bitcoin, It\u2019s Trading At A Discount \u2013 Bloomberg Intelligence<\/a><\/p>\n\n\n\n
$\"Benjamin$
Benjamin Cowen Illustrating The Bitcoin Percentage Of Supply In Profit And Loss Metric Source: YouTube\/Kitco News<\/em><\/figcaption><\/figure>\n","post_title":"Bitcoins Bottom Is Likely In, Crypto Analyst Benjamin Cowen","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoins-bottom-is-likely-in-crypto-analyst-benjamin-cowen","to_ping":"","pinged":"","post_modified":"2023-04-11 00:07:43","post_modified_gmt":"2023-04-10 14:07:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7107","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7093,"post_author":"1","post_date":"2022-09-11 19:27:57","post_date_gmt":"2022-09-11 09:27:57","post_content":"\n
Mike McGlone is a senior strategist at Bloomberg Intelligence, has recently shared multiple on Twitter discussing various commodities and concerns related to the current state of markets worldwide.<\/p>\n\n\n\n
In one tweet McGlone outlined his September Crypto Outlook<\/a><\/em> where he believes that the world is leaning towards a recession in light of recent events including the tightening of interest rates by the Federal Reserve.<\/li><\/ul>\n\n\n\n
A key indicator that had encouraged the Fed's fight against inflation was the soar in energy prices. This pressured high-risk assets, namely cryptocurrencies, and once the dust settles from recent events crypto prices will start to \"bouy\" as \u201ccrude oil decline may fuel Bitcoin recovery.\u201d Reuters recently reported<\/a> that the Strategic Petroleum Reserve (SPR) fell to its lowest level in more than 35 years.<\/li><\/ul>\n\n\n\n
Price data from 2018-19 was compared to price data from today showing a similar benchmark where \"Bitcoin is at a discount within an elongated bull market.\"<\/li><\/ul>\n\n\n\n
$\""Too$
Bitcoin Price Data. Source: Bloomberg Intelligence<\/figcaption><\/figure>\n\n\n\n
In an interview<\/a> with Bell Media, McGlone believes that cryptocurrencies will continue to outperform traditional assets with declining volatility. He hints at being bullish on Bitcoin believing will put in a bottom at, or below $20,000 similar to 2018 and 2013 before going into an upward trajectory.<\/li><\/ul>\n\n\n\n
McGlone hinted at Ethereum becoming a large part of the financial system as the merge<\/a> approaches due to its ability to make tokenized assets<\/a> readily accessible to the public just like ETFs had done with traditional assets.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Will Return \u2013 Ruchir Sharma, The Chairman Of Rockefeller International<\/a><\/p>\n","post_title":"Bullish On Bitcoin, It's Trading At A Discount - Bloomberg Intelligence","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bullish-on-bitcoin-its-trading-at-a-discount-bloomberg-intelligence","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/ethereum-proof-of-stake-merge-set-for-mid-september\/\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/\nhttps:\/\/www.thedistributed.co\/bitcoin-will-return-ruchir-sharma-the-chairman-of-rockefeller-international\/","post_modified":"2023-04-11 00:07:57","post_modified_gmt":"2023-04-10 14:07:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7093","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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Binance Coin (BNB)

December 8, 2022 - Updated on January 15, 2023

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\n
Is Binance Coin (BNB) A Safe Investment?<\/h2>\n\n\n\n
The safety of an investment in Binance Coin (BNB) depends on several factors, including the overall stability of the cryptocurrency market and the performance of the Binance exchange platform. As with any investment, it's important to consider the potential risks and rewards before deciding. Investing in BNB or any other cryptocurrency carries a high degree of risk, and it's possible that you could lose some or all of your investment. <\/p>\n\n\n\n
Even the biggest exchanges such as FTX<\/a> are victims of bankruptcy and other factors which may put your funds at risk. Therefore, it is vital to thoroughly research any investment, cryptocurrency or not, prior to making a decision and only investing what you can afford to lose. <\/p>\n\n\n\n
Is BNB A Good Long-Term Investment?<\/h2>\n\n\n\n
The long-term potential of Binance Coin (BNB) as an investment will depend on a number of factors, including the overall performance of the Binance exchange, which depends on the overall health of the cryptocurrency markets. BNB is a well-established token with a well-established exchange, with a strong track record, and a large and active user base, which can provide investors with confidence in the long-term prospects of the token.<\/p>\n\n\n\n
Binance Coin (BNB) Frequently Asked Questions<\/h2>\n\n\n\n
Is Binance Coin A Stablecoin?<\/h3>\n\n\n\n
Binance Coin (BNB) is not a stablecoin, although there is a Binance USD stablecoin<\/a> (BUSD) which is pegged 1:1 with the US Dollar.<\/p>\n\n\n\n
What If I Lose My BNB?<\/h3>\n\n\n\n
In eligible cases such as certain lost token scenarios or \"honest mistakes\", Binance may reimburse the user for their lost coins. They do this alongside their burning mechanism, where they will count the lost coins as burnt and credit the user BNB.((Binance - Binance Introduces the BNB Pioneer Burn Program, Adjusts BNB Token Burn Mechanics<\/a>))<\/p>\n","post_title":"Binance Coin (BNB)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-coin-bnb","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/smart-contracts\/\nhttps:\/\/www.thedistributed.co\/cryptocurrency-burning\/\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-01-15 15:44:02","post_modified_gmt":"2023-01-15 04:44:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8715","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7530,"post_author":"1","post_date":"2022-10-08 00:21:45","post_date_gmt":"2022-10-07 13:21:45","post_content":"\n
Web3 startup Thallo announced<\/a> a partnership with Ripple Labs, the developers behind XRP, and 22 other partners to launch a blockchain-based carbon credit marketplace.<\/p>\n\n\n\n
Carbon credits are given to companies and define how much emissions they're allowed to put out, which can be traded between companies. Thallo aims to solve liquidity and pricing problems within the current carbon credit marketplace.<\/li><\/ul>\n\n\n\n
\u201cAs the demand for carbon credits intensifies, blockchain and crypto technology is uniquely positioned to help support market growth by solving persistent challenges around transparency, traceability and verification,\u201d says Ken Weber a senior VP for Ripple's social impact and sustainability sector in Thallos announcement.<\/li><\/ul>\n\n\n\n
\"By leveraging Ripple\u2019s enterprise readiness and carbon neutral XRPL\u2019s reliability at scale, Thallo is democratizing access to verified carbon credits for both institutional and retail investors to help offset their carbon footprints in a way that satisfies their key stakeholders,\" added Weber.<\/li><\/ul>\n\n\n\n
See Related: <\/strong><\/em>Ripple vs. SEC: How The Outcome Can Affect The Cryptocurrency Market<\/a><\/p>\n\n\n\n
Thallo's Carbon Neutral Team<\/h2>\n\n\n\n
In the announcement, Thallo defined their team as experts in climate and sustainability as well as web3. Alongside Thallo, the 23 partners split into three sectors. The Founding Partners<\/em> include Ripple Labs and Climate Collective to support the development of the platform.<\/li><\/ul>\n\n\n\n
The second sector is the Integrity Partners<\/em> which are academic instiutions, non-profits, and associations which aim to scale carbon markets with integrity such as Carbon Business Council and Crypto Climate Accord.<\/li><\/ul>\n\n\n\n
Finally, the largest sector with 14 companies, the Innovation Partners<\/em>, are the companies that develop the key aspects of the marketplace including Chainlink, Celo Foundation and Filecoin Green.<\/li><\/ul>\n\n\n\nSee Related:<\/em><\/strong> Crypto Mining Is a Threat To The U.S. Climate Commitments And Goals, White House Appraised<\/a><\/p>\n","post_title":"Ripple Labs Partner With Thallo To Develop Carbon Credit Marketplace","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-labs-partner-with-thallo-to-develop-carbon-credit-marketplace","to_ping":"","pinged":"","post_modified":"2022-10-08 00:24:06","post_modified_gmt":"2022-10-07 13:24:06","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7530","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7480,"post_author":"1","post_date":"2022-10-02 00:26:44","post_date_gmt":"2022-10-01 14:26:44","post_content":"\n
David Rubenstein, the billionaire co-founder\/chairman of The Carlyle Group was interviewed by fellow billionaire Ken Griffin to discuss<\/a> his view on crypto assets.<\/p>\n\n\n\n
Rubenstein, although not an investor in cryptocurrencies directly has been indirectly investing in them through companies that service the industry. \u201cI have not invested in cryptocurrencies. But I have invested in my family office through companies that service the industry,\" he states.<\/li><\/ul>\n\n\n\n
Although Rubenstein believes \"the industry is not going away anytime soon,\" he states that \"I can\u2019t pick which of the 18,000 cryptocurrencies are going to work. But I think the industry is not going away,\" as there are countless investors who've increasingly lobbied congress to prevent over-regulation.<\/li><\/ul>\n\n\n\n
Griffin asked \"What do you think about cryptocurrencies,\" Rubenstein responded that \"if it gives you pleasure to do the gambling allocate enough money that you can afford to lose, with crypto that was my view for some time...I now think that crypto is not going to go away the way some people have thought and while you can argue it's worthless in some respects, many things that people buy are maybe worthless.\"<\/li><\/ul>\n\n\n\n
The billionaire also believes that the reason so many people want to invest in crypto assets is to take some of the power away that the government and authorities have. \"They tend to be liking this thing that's anti-government, they want to have some of their assets and things that the government can't control or know what they're doing.\"<\/li><\/ul>\n\n\n\n
See Related: <\/em><\/strong>Bitcoins Bottom Is Likely In, Crypto Analyst Benjamin Cowen<\/a><\/p>\n\n\n\n
\nhttps:\/\/www.youtube.com\/watch?v=R-RHmKx9xTY\n<\/div><\/figure>\n","post_title":"Crypto Is Not Going Away, Billionaire David Rubenstein","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"crypto-is-not-going-away-billionaire-david-rubenstein","to_ping":"","pinged":"","post_modified":"2022-10-03 16:02:18","post_modified_gmt":"2022-10-03 05:02:18","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7480","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7348,"post_author":"1","post_date":"2022-09-25 00:12:26","post_date_gmt":"2022-09-24 14:12:26","post_content":"\n
Ethereum recently merged its proof-of-work (PoW) blockchain with its proof-of-stake (PoS) blockchain which reduced its energy consumption by 99.95% and made the network more scalable for future projects.<\/p>\n\n\n\n
At the recent Mainnet event, Ethereum co-founder Vitalik Buterin<\/a> was questioned<\/a> about PoS<\/a> as a consensus model. \"Should all networks move to PoS?\" Ryan Selkis<\/a> asked, Buterin replied that \"As PoS matures I would expect it to increase in legitimacy over time. I hope Zcash moves over and I am hopeful Dogecoin moves to PoS soon.\"<\/li><\/ul>\n\n\n\n
Zcash is a blockchain that focused heavily on user privacy with the company behind Zcash already detailing<\/a> how the privacy coin would transition to PoS. This may not be as simple due to the heavy decentralization of the network, comparing it to its launch<\/a> which had 6 pseudonymous identities all with a portion of the network's private key.<\/li><\/ul>\n\n\n\n
On the other hand, Dogecoin is a cryptocurrency that has grown heavily in popularity over the past few years despite launching to mock cryptocurrencies. Dogecoin is now commonly accepted by vendors and its developers have expressed interest in a PoS chain.<\/li><\/ul>\n\n\n\n
ZCash is currently trading at $57.59 and is the 54th largest token<\/a> by market cap. Dogecoin is currently trading at $0.066 and is the 10th largest token by ma<\/a>r<\/a>ket cap<\/a>.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Hopeful That ZCash And Dogecoin Move To PoS - Vitalik Buterin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hopeful-that-zcash-and-dogecoin-move-to-pos-vitalik-buterin","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/proof-of-stake\/\nhttps:\/\/www.thedistributed.co\/whistleblower-edward-snowden-played-a-key-role-in-the-creation-of-zcash\/","post_modified":"2023-04-30 21:30:23","post_modified_gmt":"2023-04-30 11:30:23","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7348","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7259,"post_author":"1","post_date":"2022-09-21 21:11:23","post_date_gmt":"2022-09-21 11:11:23","post_content":"\n
Katherine Polk Failla, a New York judge, has ordered<\/a> Tether to reveal the financial documents that prove its backing of the stable<\/a>c<\/a>oin<\/a>.<\/p>\n\n\n\n
Tether is required to provide the United States District Court for the Southern District of New York with \u201cgeneral ledgers, balance sheets, income statements, cash-flow statements, and profit and loss statements.\" The lawsuit alleges that Tether had conspired to artificially inflate the price of Bitcoin through a USDT campaign.<\/li><\/ul>\n\n\n\n
Tether has avoided providing these documents as they are \"sensitive\", although Failla justified the plaintiffs require the documents \"to asses the backing of USDT with US dollars...The documents sought in the transactions RFPs appear to go to one of Plaintiffs\u2019 core allegations: that the B\/T Defendants engaged in cyptocommodities transactions using unbacked USDT, and that those transactions \u201cwere strategically timed to inflate the market.\u2019\u201d<\/li><\/ul>\n\n\n\n
Tether is also required to cough up accounts and details related to accounts held with Bitfiniex, Bittrex, and Poloniex as apart of a case<\/a> against iFinex started in 2019 - the company behind Bitfinex and Tether.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Tethers Peso-Backed Stablecoin MXNT Launches In Mexico<\/a><\/p>\n","post_title":"Tether Ordered To Reveal USDTs Exact Backings","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tether-ordered-to-reveal-usdts-exact-backings","to_ping":"","pinged":"","post_modified":"2023-04-10 18:53:49","post_modified_gmt":"2023-04-10 08:53:49","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7259","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7229,"post_author":"1","post_date":"2022-09-20 22:22:55","post_date_gmt":"2022-09-20 12:22:55","post_content":"\n
Raoul Pal, a former executive at Goldman Sachs and macro expert believes that Ethereum could lead markets in the next bull cycle.<\/p>\n\n\n\n
Pal recently hosted<\/a> an ask me anything (AMA). Amongst various different questions, Pal predicted that \u201cas adoption keeps building, a lot of adoption spills outside of ETH into the Solana, Avalanche, and a bunch of other protocols as well.\" He added that \"we\u2019re going to see ETH lead the charge, and then we\u2019ll see this tail of stuff starting to come as we start a new bull market and generally things work that way.\u201d<\/p>\n\n\n\n
Pal is keeping his eye on one Ethereum competitor though. \u201cI think a lot of these layer ones this time around will be like ETH in the last cycle. They\u2019ll end up becoming very large dominant chains. Which ones? I don\u2019t really know. My bet is really on Solana, but it could be any of these.\" He added that he is \"watching them and waiting to see,\" tracking SOL\/ETH using a DeMark indicator.<\/p>\n\n\n\n
Pal also recommends listening to a broad base of opinions when doing research for the upcoming markets. \"You weigh them [varying opinions] yourself, how important is that to me?... Having people's opposite opinions, differences, and nuances, is really important for the macro scenario...Once you start listening to a lot of people you can start formulating your own opinions.\" <\/p>\n\n\n\n
He believes that you should follow what makes the most sense from your view - this added responsibility will likely form a better and stronger choice for yourself.<\/p>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n\n\n\n
\nhttps:\/\/www.youtube.com\/watch?v=H5j8mHKHScU\n<\/div>
Raoul Pal - Ask Me Anything<\/figcaption><\/figure>\n","post_title":"ETH Will Lead Charge Next Cycle Predicts Raoul Pal","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"eth-will-lead-charge-next-cycle-predicts-raoul-pal","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-misconceptions-with-the-ethereum-merge\/","post_modified":"2023-04-10 18:54:37","post_modified_gmt":"2023-04-10 08:54:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7229","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7153,"post_author":"1","post_date":"2022-09-19 20:57:39","post_date_gmt":"2022-09-19 10:57:39","post_content":"\n
Ethereum has just completed its merge<\/a> to a proof-of-stake<\/a> consensus from proof-of-work, could the primary source of validation bring in more institutional investors?<\/p>\n\n\n\n
\"They're [instiutional investors] looking for yield,\" said<\/a> FalconX CEO Raghu Yarlagadda in a recent interview with CoinDesk, \"with the ETH merge, the possibility of generating a sustainable, stable yield is interesting\" he added. <\/li><\/ul>\n\n\n\n
PoS is a consensus mechanism where transactions are validated through users staking their coins, in return for staking users will receive a small fee for playing their part. Currently, on Ethereum, this may yield users around 10-15% annually which makes it an alternative to typical bonds. <\/li><\/ul>\n\n\n\n
The reduced energy consumption could also make for a more eco-friendly investment in institutional eyes. Environmental, Social, and Governance (ESG) is a metric popular amongst various institutions, so Ethereum reducing its energy consumption by 99.95% and reducing<\/a> the world's energy consumption by 0.02% is a big plus.<\/li><\/ul>\n\n\n\n
Ethereum will also be more scarce now the merge has happened with annual issuance dropping ~90% to 600,000 per year and burning<\/a> of Ethereum transaction fees, along with staking taking even more Ethereum out of circulation.<\/li><\/ul>\n\n\n\n
Although it may attract institutional investors, using it in an institutional scene may not be the most efficient thing to do as of yet. Currently, Ethereum has 15 transactions per second (TP\/S) compared to VISA with ~1,700 and Solana at 2,300. The merge promises to make Ethereum more accessible which could bring scaling solutions to light that improve its lacking metrics.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Ethereum May Attract Institutional Investors \"Looking For Yield\"","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-may-attract-institutional-investors-looking-for-yield","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2023-04-10 18:54:55","post_modified_gmt":"2023-04-10 08:54:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7153","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7141,"post_author":"1","post_date":"2022-09-14 22:57:51","post_date_gmt":"2022-09-14 12:57:51","post_content":"\n
Do Kwon, co-founder of Terraform Labs has been issued an arrest warrant by a South Korean court in the wake of Terra Luna's collapse<\/a> earlier this year.<\/p>\n\n\n\n
A report<\/a> from South Korean news outlet Chosun Ilbo details that there were an additional 5 arrest warrants laid out. This includes Nicholas Platias, a founding member of Terraform Labs, and Han Mo, an employee. The charges being faced are for violating the Capital Markets Act. As prosecutors believe that Terra Luna falls under an \u201cinvestment contract security\u201d.<\/li><\/ul>\n\n\n\n
Although the warrant was issued by a South Korean court, key members of Terraform Labs including Kwon and the 5 other individuals are currently located in Singapore. As a result, the warrant is valid for the next year. This comes after South Korean authorities banned<\/a> Terra Luna's main designers from leaving the country.<\/li><\/ul>\n\n\n\n
After LUNA and sister stablecoin<\/a> UST collapsed earlier this year, investors were bought to outrage with a combined US$42B wiped out from the two coins alongside a 99.99% drop in price. In turn, investors were quick to sue Kwon and others for violating various laws and acts as rumors<\/a> were quick to spread in relation to the downfall.<\/li><\/ul>\n\n\n\n
See Related:<\/strong><\/em> War On Code \u2013 Tornado Cash Developer Alexey Pertsev Arrested<\/a><\/p>\n","post_title":"Terra's Do Kwon Wanted For Arrest By Seoul Court","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"terras-do-kwon-wanted-for-arrest-by-seoul-court","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-30 21:31:32","post_modified_gmt":"2023-04-30 11:31:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7141","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7107,"post_author":"1","post_date":"2022-09-12 21:36:27","post_date_gmt":"2022-09-12 11:36:27","post_content":"\n
Benjamin Cowen<\/a> is a well-regarded crypto analyst, using a historically accurate indicator he has found it likely that Bitcoin has hit its bottom or is very close to doing so.<\/p>\n\n\n\n
Cowen was recently featured<\/a> on Kitco News where he discussed his use of the metric. \"One of the interesting things about this chart is that historically, Bitcoin does not bottom until after they cross,\" he stated.<\/li><\/ul>\n\n\n\n
The indicator Cowen used is the Bitcoin Percentage Of Supply In Profit And Loss<\/a>. This indicates how many Bitcoins are at a profit or loss for their holders. Looking at the chart from a widened perspective Cowen shows how this metric has accompanied tops and bottoms over the long term.<\/li><\/ul>\n\n\n\n
Cowen added that they have recently just crossed each other and how the bottom typically occurs after they cross. \"When it comes up here, that\u2019s generally the time where you want to scale out when we\u2019re continuing to push those new all-time highs so to me this is an indicator that would suggest that if we did get another leg down there\u2019s a lot of evidence that could be the major bottom,\" he added.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bullish On Bitcoin, It\u2019s Trading At A Discount \u2013 Bloomberg Intelligence<\/a><\/p>\n\n\n\n
$\"Benjamin$
Benjamin Cowen Illustrating The Bitcoin Percentage Of Supply In Profit And Loss Metric Source: YouTube\/Kitco News<\/em><\/figcaption><\/figure>\n","post_title":"Bitcoins Bottom Is Likely In, Crypto Analyst Benjamin Cowen","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoins-bottom-is-likely-in-crypto-analyst-benjamin-cowen","to_ping":"","pinged":"","post_modified":"2023-04-11 00:07:43","post_modified_gmt":"2023-04-10 14:07:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7107","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7093,"post_author":"1","post_date":"2022-09-11 19:27:57","post_date_gmt":"2022-09-11 09:27:57","post_content":"\n
Mike McGlone is a senior strategist at Bloomberg Intelligence, has recently shared multiple on Twitter discussing various commodities and concerns related to the current state of markets worldwide.<\/p>\n\n\n\n
In one tweet McGlone outlined his September Crypto Outlook<\/a><\/em> where he believes that the world is leaning towards a recession in light of recent events including the tightening of interest rates by the Federal Reserve.<\/li><\/ul>\n\n\n\n
A key indicator that had encouraged the Fed's fight against inflation was the soar in energy prices. This pressured high-risk assets, namely cryptocurrencies, and once the dust settles from recent events crypto prices will start to \"bouy\" as \u201ccrude oil decline may fuel Bitcoin recovery.\u201d Reuters recently reported<\/a> that the Strategic Petroleum Reserve (SPR) fell to its lowest level in more than 35 years.<\/li><\/ul>\n\n\n\n
Price data from 2018-19 was compared to price data from today showing a similar benchmark where \"Bitcoin is at a discount within an elongated bull market.\"<\/li><\/ul>\n\n\n\n
$\""Too$
Bitcoin Price Data. Source: Bloomberg Intelligence<\/figcaption><\/figure>\n\n\n\n
In an interview<\/a> with Bell Media, McGlone believes that cryptocurrencies will continue to outperform traditional assets with declining volatility. He hints at being bullish on Bitcoin believing will put in a bottom at, or below $20,000 similar to 2018 and 2013 before going into an upward trajectory.<\/li><\/ul>\n\n\n\n
McGlone hinted at Ethereum becoming a large part of the financial system as the merge<\/a> approaches due to its ability to make tokenized assets<\/a> readily accessible to the public just like ETFs had done with traditional assets.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Will Return \u2013 Ruchir Sharma, The Chairman Of Rockefeller International<\/a><\/p>\n","post_title":"Bullish On Bitcoin, It's Trading At A Discount - Bloomberg Intelligence","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bullish-on-bitcoin-its-trading-at-a-discount-bloomberg-intelligence","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/ethereum-proof-of-stake-merge-set-for-mid-september\/\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/\nhttps:\/\/www.thedistributed.co\/bitcoin-will-return-ruchir-sharma-the-chairman-of-rockefeller-international\/","post_modified":"2023-04-11 00:07:57","post_modified_gmt":"2023-04-10 14:07:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7093","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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Binance Coin (BNB)

December 8, 2022 - Updated on January 15, 2023

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\n
Users can also stake BNB to receive interest on their tokens and vote on network changes. The BNB Beacon Chain is where governance of the network takes place and proposals are submitted. Voting power is decided based on the size of a user's stake of BNB.<\/p>\n\n\n\n
Is Binance Coin (BNB) A Safe Investment?<\/h2>\n\n\n\n
The safety of an investment in Binance Coin (BNB) depends on several factors, including the overall stability of the cryptocurrency market and the performance of the Binance exchange platform. As with any investment, it's important to consider the potential risks and rewards before deciding. Investing in BNB or any other cryptocurrency carries a high degree of risk, and it's possible that you could lose some or all of your investment. <\/p>\n\n\n\n
Even the biggest exchanges such as FTX<\/a> are victims of bankruptcy and other factors which may put your funds at risk. Therefore, it is vital to thoroughly research any investment, cryptocurrency or not, prior to making a decision and only investing what you can afford to lose. <\/p>\n\n\n\n
Is BNB A Good Long-Term Investment?<\/h2>\n\n\n\n
The long-term potential of Binance Coin (BNB) as an investment will depend on a number of factors, including the overall performance of the Binance exchange, which depends on the overall health of the cryptocurrency markets. BNB is a well-established token with a well-established exchange, with a strong track record, and a large and active user base, which can provide investors with confidence in the long-term prospects of the token.<\/p>\n\n\n\n
Binance Coin (BNB) Frequently Asked Questions<\/h2>\n\n\n\n
Is Binance Coin A Stablecoin?<\/h3>\n\n\n\n
Binance Coin (BNB) is not a stablecoin, although there is a Binance USD stablecoin<\/a> (BUSD) which is pegged 1:1 with the US Dollar.<\/p>\n\n\n\n
What If I Lose My BNB?<\/h3>\n\n\n\n
In eligible cases such as certain lost token scenarios or \"honest mistakes\", Binance may reimburse the user for their lost coins. They do this alongside their burning mechanism, where they will count the lost coins as burnt and credit the user BNB.((Binance - Binance Introduces the BNB Pioneer Burn Program, Adjusts BNB Token Burn Mechanics<\/a>))<\/p>\n","post_title":"Binance Coin (BNB)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-coin-bnb","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/smart-contracts\/\nhttps:\/\/www.thedistributed.co\/cryptocurrency-burning\/\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-01-15 15:44:02","post_modified_gmt":"2023-01-15 04:44:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8715","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7530,"post_author":"1","post_date":"2022-10-08 00:21:45","post_date_gmt":"2022-10-07 13:21:45","post_content":"\n
Web3 startup Thallo announced<\/a> a partnership with Ripple Labs, the developers behind XRP, and 22 other partners to launch a blockchain-based carbon credit marketplace.<\/p>\n\n\n\n
Carbon credits are given to companies and define how much emissions they're allowed to put out, which can be traded between companies. Thallo aims to solve liquidity and pricing problems within the current carbon credit marketplace.<\/li><\/ul>\n\n\n\n
\u201cAs the demand for carbon credits intensifies, blockchain and crypto technology is uniquely positioned to help support market growth by solving persistent challenges around transparency, traceability and verification,\u201d says Ken Weber a senior VP for Ripple's social impact and sustainability sector in Thallos announcement.<\/li><\/ul>\n\n\n\n
\"By leveraging Ripple\u2019s enterprise readiness and carbon neutral XRPL\u2019s reliability at scale, Thallo is democratizing access to verified carbon credits for both institutional and retail investors to help offset their carbon footprints in a way that satisfies their key stakeholders,\" added Weber.<\/li><\/ul>\n\n\n\n
See Related: <\/strong><\/em>Ripple vs. SEC: How The Outcome Can Affect The Cryptocurrency Market<\/a><\/p>\n\n\n\n
Thallo's Carbon Neutral Team<\/h2>\n\n\n\n
In the announcement, Thallo defined their team as experts in climate and sustainability as well as web3. Alongside Thallo, the 23 partners split into three sectors. The Founding Partners<\/em> include Ripple Labs and Climate Collective to support the development of the platform.<\/li><\/ul>\n\n\n\n
The second sector is the Integrity Partners<\/em> which are academic instiutions, non-profits, and associations which aim to scale carbon markets with integrity such as Carbon Business Council and Crypto Climate Accord.<\/li><\/ul>\n\n\n\n
Finally, the largest sector with 14 companies, the Innovation Partners<\/em>, are the companies that develop the key aspects of the marketplace including Chainlink, Celo Foundation and Filecoin Green.<\/li><\/ul>\n\n\n\nSee Related:<\/em><\/strong> Crypto Mining Is a Threat To The U.S. Climate Commitments And Goals, White House Appraised<\/a><\/p>\n","post_title":"Ripple Labs Partner With Thallo To Develop Carbon Credit Marketplace","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-labs-partner-with-thallo-to-develop-carbon-credit-marketplace","to_ping":"","pinged":"","post_modified":"2022-10-08 00:24:06","post_modified_gmt":"2022-10-07 13:24:06","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7530","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7480,"post_author":"1","post_date":"2022-10-02 00:26:44","post_date_gmt":"2022-10-01 14:26:44","post_content":"\n
David Rubenstein, the billionaire co-founder\/chairman of The Carlyle Group was interviewed by fellow billionaire Ken Griffin to discuss<\/a> his view on crypto assets.<\/p>\n\n\n\n
Rubenstein, although not an investor in cryptocurrencies directly has been indirectly investing in them through companies that service the industry. \u201cI have not invested in cryptocurrencies. But I have invested in my family office through companies that service the industry,\" he states.<\/li><\/ul>\n\n\n\n
Although Rubenstein believes \"the industry is not going away anytime soon,\" he states that \"I can\u2019t pick which of the 18,000 cryptocurrencies are going to work. But I think the industry is not going away,\" as there are countless investors who've increasingly lobbied congress to prevent over-regulation.<\/li><\/ul>\n\n\n\n
Griffin asked \"What do you think about cryptocurrencies,\" Rubenstein responded that \"if it gives you pleasure to do the gambling allocate enough money that you can afford to lose, with crypto that was my view for some time...I now think that crypto is not going to go away the way some people have thought and while you can argue it's worthless in some respects, many things that people buy are maybe worthless.\"<\/li><\/ul>\n\n\n\n
The billionaire also believes that the reason so many people want to invest in crypto assets is to take some of the power away that the government and authorities have. \"They tend to be liking this thing that's anti-government, they want to have some of their assets and things that the government can't control or know what they're doing.\"<\/li><\/ul>\n\n\n\n
See Related: <\/em><\/strong>Bitcoins Bottom Is Likely In, Crypto Analyst Benjamin Cowen<\/a><\/p>\n\n\n\n
\nhttps:\/\/www.youtube.com\/watch?v=R-RHmKx9xTY\n<\/div><\/figure>\n","post_title":"Crypto Is Not Going Away, Billionaire David Rubenstein","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"crypto-is-not-going-away-billionaire-david-rubenstein","to_ping":"","pinged":"","post_modified":"2022-10-03 16:02:18","post_modified_gmt":"2022-10-03 05:02:18","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7480","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7348,"post_author":"1","post_date":"2022-09-25 00:12:26","post_date_gmt":"2022-09-24 14:12:26","post_content":"\n
Ethereum recently merged its proof-of-work (PoW) blockchain with its proof-of-stake (PoS) blockchain which reduced its energy consumption by 99.95% and made the network more scalable for future projects.<\/p>\n\n\n\n
At the recent Mainnet event, Ethereum co-founder Vitalik Buterin<\/a> was questioned<\/a> about PoS<\/a> as a consensus model. \"Should all networks move to PoS?\" Ryan Selkis<\/a> asked, Buterin replied that \"As PoS matures I would expect it to increase in legitimacy over time. I hope Zcash moves over and I am hopeful Dogecoin moves to PoS soon.\"<\/li><\/ul>\n\n\n\n
Zcash is a blockchain that focused heavily on user privacy with the company behind Zcash already detailing<\/a> how the privacy coin would transition to PoS. This may not be as simple due to the heavy decentralization of the network, comparing it to its launch<\/a> which had 6 pseudonymous identities all with a portion of the network's private key.<\/li><\/ul>\n\n\n\n
On the other hand, Dogecoin is a cryptocurrency that has grown heavily in popularity over the past few years despite launching to mock cryptocurrencies. Dogecoin is now commonly accepted by vendors and its developers have expressed interest in a PoS chain.<\/li><\/ul>\n\n\n\n
ZCash is currently trading at $57.59 and is the 54th largest token<\/a> by market cap. Dogecoin is currently trading at $0.066 and is the 10th largest token by ma<\/a>r<\/a>ket cap<\/a>.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Hopeful That ZCash And Dogecoin Move To PoS - Vitalik Buterin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hopeful-that-zcash-and-dogecoin-move-to-pos-vitalik-buterin","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/proof-of-stake\/\nhttps:\/\/www.thedistributed.co\/whistleblower-edward-snowden-played-a-key-role-in-the-creation-of-zcash\/","post_modified":"2023-04-30 21:30:23","post_modified_gmt":"2023-04-30 11:30:23","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7348","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7259,"post_author":"1","post_date":"2022-09-21 21:11:23","post_date_gmt":"2022-09-21 11:11:23","post_content":"\n
Katherine Polk Failla, a New York judge, has ordered<\/a> Tether to reveal the financial documents that prove its backing of the stable<\/a>c<\/a>oin<\/a>.<\/p>\n\n\n\n
Tether is required to provide the United States District Court for the Southern District of New York with \u201cgeneral ledgers, balance sheets, income statements, cash-flow statements, and profit and loss statements.\" The lawsuit alleges that Tether had conspired to artificially inflate the price of Bitcoin through a USDT campaign.<\/li><\/ul>\n\n\n\n
Tether has avoided providing these documents as they are \"sensitive\", although Failla justified the plaintiffs require the documents \"to asses the backing of USDT with US dollars...The documents sought in the transactions RFPs appear to go to one of Plaintiffs\u2019 core allegations: that the B\/T Defendants engaged in cyptocommodities transactions using unbacked USDT, and that those transactions \u201cwere strategically timed to inflate the market.\u2019\u201d<\/li><\/ul>\n\n\n\n
Tether is also required to cough up accounts and details related to accounts held with Bitfiniex, Bittrex, and Poloniex as apart of a case<\/a> against iFinex started in 2019 - the company behind Bitfinex and Tether.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Tethers Peso-Backed Stablecoin MXNT Launches In Mexico<\/a><\/p>\n","post_title":"Tether Ordered To Reveal USDTs Exact Backings","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tether-ordered-to-reveal-usdts-exact-backings","to_ping":"","pinged":"","post_modified":"2023-04-10 18:53:49","post_modified_gmt":"2023-04-10 08:53:49","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7259","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7229,"post_author":"1","post_date":"2022-09-20 22:22:55","post_date_gmt":"2022-09-20 12:22:55","post_content":"\n
Raoul Pal, a former executive at Goldman Sachs and macro expert believes that Ethereum could lead markets in the next bull cycle.<\/p>\n\n\n\n
Pal recently hosted<\/a> an ask me anything (AMA). Amongst various different questions, Pal predicted that \u201cas adoption keeps building, a lot of adoption spills outside of ETH into the Solana, Avalanche, and a bunch of other protocols as well.\" He added that \"we\u2019re going to see ETH lead the charge, and then we\u2019ll see this tail of stuff starting to come as we start a new bull market and generally things work that way.\u201d<\/p>\n\n\n\n
Pal is keeping his eye on one Ethereum competitor though. \u201cI think a lot of these layer ones this time around will be like ETH in the last cycle. They\u2019ll end up becoming very large dominant chains. Which ones? I don\u2019t really know. My bet is really on Solana, but it could be any of these.\" He added that he is \"watching them and waiting to see,\" tracking SOL\/ETH using a DeMark indicator.<\/p>\n\n\n\n
Pal also recommends listening to a broad base of opinions when doing research for the upcoming markets. \"You weigh them [varying opinions] yourself, how important is that to me?... Having people's opposite opinions, differences, and nuances, is really important for the macro scenario...Once you start listening to a lot of people you can start formulating your own opinions.\" <\/p>\n\n\n\n
He believes that you should follow what makes the most sense from your view - this added responsibility will likely form a better and stronger choice for yourself.<\/p>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n\n\n\n
\nhttps:\/\/www.youtube.com\/watch?v=H5j8mHKHScU\n<\/div>
Raoul Pal - Ask Me Anything<\/figcaption><\/figure>\n","post_title":"ETH Will Lead Charge Next Cycle Predicts Raoul Pal","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"eth-will-lead-charge-next-cycle-predicts-raoul-pal","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-misconceptions-with-the-ethereum-merge\/","post_modified":"2023-04-10 18:54:37","post_modified_gmt":"2023-04-10 08:54:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7229","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7153,"post_author":"1","post_date":"2022-09-19 20:57:39","post_date_gmt":"2022-09-19 10:57:39","post_content":"\n
Ethereum has just completed its merge<\/a> to a proof-of-stake<\/a> consensus from proof-of-work, could the primary source of validation bring in more institutional investors?<\/p>\n\n\n\n
\"They're [instiutional investors] looking for yield,\" said<\/a> FalconX CEO Raghu Yarlagadda in a recent interview with CoinDesk, \"with the ETH merge, the possibility of generating a sustainable, stable yield is interesting\" he added. <\/li><\/ul>\n\n\n\n
PoS is a consensus mechanism where transactions are validated through users staking their coins, in return for staking users will receive a small fee for playing their part. Currently, on Ethereum, this may yield users around 10-15% annually which makes it an alternative to typical bonds. <\/li><\/ul>\n\n\n\n
The reduced energy consumption could also make for a more eco-friendly investment in institutional eyes. Environmental, Social, and Governance (ESG) is a metric popular amongst various institutions, so Ethereum reducing its energy consumption by 99.95% and reducing<\/a> the world's energy consumption by 0.02% is a big plus.<\/li><\/ul>\n\n\n\n
Ethereum will also be more scarce now the merge has happened with annual issuance dropping ~90% to 600,000 per year and burning<\/a> of Ethereum transaction fees, along with staking taking even more Ethereum out of circulation.<\/li><\/ul>\n\n\n\n
Although it may attract institutional investors, using it in an institutional scene may not be the most efficient thing to do as of yet. Currently, Ethereum has 15 transactions per second (TP\/S) compared to VISA with ~1,700 and Solana at 2,300. The merge promises to make Ethereum more accessible which could bring scaling solutions to light that improve its lacking metrics.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Ethereum May Attract Institutional Investors \"Looking For Yield\"","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-may-attract-institutional-investors-looking-for-yield","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2023-04-10 18:54:55","post_modified_gmt":"2023-04-10 08:54:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7153","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7141,"post_author":"1","post_date":"2022-09-14 22:57:51","post_date_gmt":"2022-09-14 12:57:51","post_content":"\n
Do Kwon, co-founder of Terraform Labs has been issued an arrest warrant by a South Korean court in the wake of Terra Luna's collapse<\/a> earlier this year.<\/p>\n\n\n\n
A report<\/a> from South Korean news outlet Chosun Ilbo details that there were an additional 5 arrest warrants laid out. This includes Nicholas Platias, a founding member of Terraform Labs, and Han Mo, an employee. The charges being faced are for violating the Capital Markets Act. As prosecutors believe that Terra Luna falls under an \u201cinvestment contract security\u201d.<\/li><\/ul>\n\n\n\n
Although the warrant was issued by a South Korean court, key members of Terraform Labs including Kwon and the 5 other individuals are currently located in Singapore. As a result, the warrant is valid for the next year. This comes after South Korean authorities banned<\/a> Terra Luna's main designers from leaving the country.<\/li><\/ul>\n\n\n\n
After LUNA and sister stablecoin<\/a> UST collapsed earlier this year, investors were bought to outrage with a combined US$42B wiped out from the two coins alongside a 99.99% drop in price. In turn, investors were quick to sue Kwon and others for violating various laws and acts as rumors<\/a> were quick to spread in relation to the downfall.<\/li><\/ul>\n\n\n\n
See Related:<\/strong><\/em> War On Code \u2013 Tornado Cash Developer Alexey Pertsev Arrested<\/a><\/p>\n","post_title":"Terra's Do Kwon Wanted For Arrest By Seoul Court","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"terras-do-kwon-wanted-for-arrest-by-seoul-court","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-30 21:31:32","post_modified_gmt":"2023-04-30 11:31:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7141","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7107,"post_author":"1","post_date":"2022-09-12 21:36:27","post_date_gmt":"2022-09-12 11:36:27","post_content":"\n
Benjamin Cowen<\/a> is a well-regarded crypto analyst, using a historically accurate indicator he has found it likely that Bitcoin has hit its bottom or is very close to doing so.<\/p>\n\n\n\n
Cowen was recently featured<\/a> on Kitco News where he discussed his use of the metric. \"One of the interesting things about this chart is that historically, Bitcoin does not bottom until after they cross,\" he stated.<\/li><\/ul>\n\n\n\n
The indicator Cowen used is the Bitcoin Percentage Of Supply In Profit And Loss<\/a>. This indicates how many Bitcoins are at a profit or loss for their holders. Looking at the chart from a widened perspective Cowen shows how this metric has accompanied tops and bottoms over the long term.<\/li><\/ul>\n\n\n\n
Cowen added that they have recently just crossed each other and how the bottom typically occurs after they cross. \"When it comes up here, that\u2019s generally the time where you want to scale out when we\u2019re continuing to push those new all-time highs so to me this is an indicator that would suggest that if we did get another leg down there\u2019s a lot of evidence that could be the major bottom,\" he added.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bullish On Bitcoin, It\u2019s Trading At A Discount \u2013 Bloomberg Intelligence<\/a><\/p>\n\n\n\n
$\"Benjamin$
Benjamin Cowen Illustrating The Bitcoin Percentage Of Supply In Profit And Loss Metric Source: YouTube\/Kitco News<\/em><\/figcaption><\/figure>\n","post_title":"Bitcoins Bottom Is Likely In, Crypto Analyst Benjamin Cowen","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoins-bottom-is-likely-in-crypto-analyst-benjamin-cowen","to_ping":"","pinged":"","post_modified":"2023-04-11 00:07:43","post_modified_gmt":"2023-04-10 14:07:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7107","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7093,"post_author":"1","post_date":"2022-09-11 19:27:57","post_date_gmt":"2022-09-11 09:27:57","post_content":"\n
Mike McGlone is a senior strategist at Bloomberg Intelligence, has recently shared multiple on Twitter discussing various commodities and concerns related to the current state of markets worldwide.<\/p>\n\n\n\n
In one tweet McGlone outlined his September Crypto Outlook<\/a><\/em> where he believes that the world is leaning towards a recession in light of recent events including the tightening of interest rates by the Federal Reserve.<\/li><\/ul>\n\n\n\n
A key indicator that had encouraged the Fed's fight against inflation was the soar in energy prices. This pressured high-risk assets, namely cryptocurrencies, and once the dust settles from recent events crypto prices will start to \"bouy\" as \u201ccrude oil decline may fuel Bitcoin recovery.\u201d Reuters recently reported<\/a> that the Strategic Petroleum Reserve (SPR) fell to its lowest level in more than 35 years.<\/li><\/ul>\n\n\n\n
Price data from 2018-19 was compared to price data from today showing a similar benchmark where \"Bitcoin is at a discount within an elongated bull market.\"<\/li><\/ul>\n\n\n\n
$\""Too$
Bitcoin Price Data. Source: Bloomberg Intelligence<\/figcaption><\/figure>\n\n\n\n
In an interview<\/a> with Bell Media, McGlone believes that cryptocurrencies will continue to outperform traditional assets with declining volatility. He hints at being bullish on Bitcoin believing will put in a bottom at, or below $20,000 similar to 2018 and 2013 before going into an upward trajectory.<\/li><\/ul>\n\n\n\n
McGlone hinted at Ethereum becoming a large part of the financial system as the merge<\/a> approaches due to its ability to make tokenized assets<\/a> readily accessible to the public just like ETFs had done with traditional assets.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Will Return \u2013 Ruchir Sharma, The Chairman Of Rockefeller International<\/a><\/p>\n","post_title":"Bullish On Bitcoin, It's Trading At A Discount - Bloomberg Intelligence","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bullish-on-bitcoin-its-trading-at-a-discount-bloomberg-intelligence","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/ethereum-proof-of-stake-merge-set-for-mid-september\/\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/\nhttps:\/\/www.thedistributed.co\/bitcoin-will-return-ruchir-sharma-the-chairman-of-rockefeller-international\/","post_modified":"2023-04-11 00:07:57","post_modified_gmt":"2023-04-10 14:07:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7093","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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Binance Coin (BNB)

December 8, 2022 - Updated on January 15, 2023

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\n
Binance Coin is subject to an auto-burning<\/a> system that will eventually reduce the total supply to 100M. Binance uses 20% of its quarterly profits to buy back and burn BNB.<\/p>\n\n\n\n
Users can also stake BNB to receive interest on their tokens and vote on network changes. The BNB Beacon Chain is where governance of the network takes place and proposals are submitted. Voting power is decided based on the size of a user's stake of BNB.<\/p>\n\n\n\n
Is Binance Coin (BNB) A Safe Investment?<\/h2>\n\n\n\n
The safety of an investment in Binance Coin (BNB) depends on several factors, including the overall stability of the cryptocurrency market and the performance of the Binance exchange platform. As with any investment, it's important to consider the potential risks and rewards before deciding. Investing in BNB or any other cryptocurrency carries a high degree of risk, and it's possible that you could lose some or all of your investment. <\/p>\n\n\n\n
Even the biggest exchanges such as FTX<\/a> are victims of bankruptcy and other factors which may put your funds at risk. Therefore, it is vital to thoroughly research any investment, cryptocurrency or not, prior to making a decision and only investing what you can afford to lose. <\/p>\n\n\n\n
Is BNB A Good Long-Term Investment?<\/h2>\n\n\n\n
The long-term potential of Binance Coin (BNB) as an investment will depend on a number of factors, including the overall performance of the Binance exchange, which depends on the overall health of the cryptocurrency markets. BNB is a well-established token with a well-established exchange, with a strong track record, and a large and active user base, which can provide investors with confidence in the long-term prospects of the token.<\/p>\n\n\n\n
Binance Coin (BNB) Frequently Asked Questions<\/h2>\n\n\n\n
Is Binance Coin A Stablecoin?<\/h3>\n\n\n\n
Binance Coin (BNB) is not a stablecoin, although there is a Binance USD stablecoin<\/a> (BUSD) which is pegged 1:1 with the US Dollar.<\/p>\n\n\n\n
What If I Lose My BNB?<\/h3>\n\n\n\n
In eligible cases such as certain lost token scenarios or \"honest mistakes\", Binance may reimburse the user for their lost coins. They do this alongside their burning mechanism, where they will count the lost coins as burnt and credit the user BNB.((Binance - Binance Introduces the BNB Pioneer Burn Program, Adjusts BNB Token Burn Mechanics<\/a>))<\/p>\n","post_title":"Binance Coin (BNB)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-coin-bnb","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/smart-contracts\/\nhttps:\/\/www.thedistributed.co\/cryptocurrency-burning\/\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-01-15 15:44:02","post_modified_gmt":"2023-01-15 04:44:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8715","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7530,"post_author":"1","post_date":"2022-10-08 00:21:45","post_date_gmt":"2022-10-07 13:21:45","post_content":"\n
Web3 startup Thallo announced<\/a> a partnership with Ripple Labs, the developers behind XRP, and 22 other partners to launch a blockchain-based carbon credit marketplace.<\/p>\n\n\n\n
Carbon credits are given to companies and define how much emissions they're allowed to put out, which can be traded between companies. Thallo aims to solve liquidity and pricing problems within the current carbon credit marketplace.<\/li><\/ul>\n\n\n\n
\u201cAs the demand for carbon credits intensifies, blockchain and crypto technology is uniquely positioned to help support market growth by solving persistent challenges around transparency, traceability and verification,\u201d says Ken Weber a senior VP for Ripple's social impact and sustainability sector in Thallos announcement.<\/li><\/ul>\n\n\n\n
\"By leveraging Ripple\u2019s enterprise readiness and carbon neutral XRPL\u2019s reliability at scale, Thallo is democratizing access to verified carbon credits for both institutional and retail investors to help offset their carbon footprints in a way that satisfies their key stakeholders,\" added Weber.<\/li><\/ul>\n\n\n\n
See Related: <\/strong><\/em>Ripple vs. SEC: How The Outcome Can Affect The Cryptocurrency Market<\/a><\/p>\n\n\n\n
Thallo's Carbon Neutral Team<\/h2>\n\n\n\n
In the announcement, Thallo defined their team as experts in climate and sustainability as well as web3. Alongside Thallo, the 23 partners split into three sectors. The Founding Partners<\/em> include Ripple Labs and Climate Collective to support the development of the platform.<\/li><\/ul>\n\n\n\n
The second sector is the Integrity Partners<\/em> which are academic instiutions, non-profits, and associations which aim to scale carbon markets with integrity such as Carbon Business Council and Crypto Climate Accord.<\/li><\/ul>\n\n\n\n
Finally, the largest sector with 14 companies, the Innovation Partners<\/em>, are the companies that develop the key aspects of the marketplace including Chainlink, Celo Foundation and Filecoin Green.<\/li><\/ul>\n\n\n\nSee Related:<\/em><\/strong> Crypto Mining Is a Threat To The U.S. Climate Commitments And Goals, White House Appraised<\/a><\/p>\n","post_title":"Ripple Labs Partner With Thallo To Develop Carbon Credit Marketplace","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-labs-partner-with-thallo-to-develop-carbon-credit-marketplace","to_ping":"","pinged":"","post_modified":"2022-10-08 00:24:06","post_modified_gmt":"2022-10-07 13:24:06","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7530","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7480,"post_author":"1","post_date":"2022-10-02 00:26:44","post_date_gmt":"2022-10-01 14:26:44","post_content":"\n
David Rubenstein, the billionaire co-founder\/chairman of The Carlyle Group was interviewed by fellow billionaire Ken Griffin to discuss<\/a> his view on crypto assets.<\/p>\n\n\n\n
Rubenstein, although not an investor in cryptocurrencies directly has been indirectly investing in them through companies that service the industry. \u201cI have not invested in cryptocurrencies. But I have invested in my family office through companies that service the industry,\" he states.<\/li><\/ul>\n\n\n\n
Although Rubenstein believes \"the industry is not going away anytime soon,\" he states that \"I can\u2019t pick which of the 18,000 cryptocurrencies are going to work. But I think the industry is not going away,\" as there are countless investors who've increasingly lobbied congress to prevent over-regulation.<\/li><\/ul>\n\n\n\n
Griffin asked \"What do you think about cryptocurrencies,\" Rubenstein responded that \"if it gives you pleasure to do the gambling allocate enough money that you can afford to lose, with crypto that was my view for some time...I now think that crypto is not going to go away the way some people have thought and while you can argue it's worthless in some respects, many things that people buy are maybe worthless.\"<\/li><\/ul>\n\n\n\n
The billionaire also believes that the reason so many people want to invest in crypto assets is to take some of the power away that the government and authorities have. \"They tend to be liking this thing that's anti-government, they want to have some of their assets and things that the government can't control or know what they're doing.\"<\/li><\/ul>\n\n\n\n
See Related: <\/em><\/strong>Bitcoins Bottom Is Likely In, Crypto Analyst Benjamin Cowen<\/a><\/p>\n\n\n\n
\nhttps:\/\/www.youtube.com\/watch?v=R-RHmKx9xTY\n<\/div><\/figure>\n","post_title":"Crypto Is Not Going Away, Billionaire David Rubenstein","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"crypto-is-not-going-away-billionaire-david-rubenstein","to_ping":"","pinged":"","post_modified":"2022-10-03 16:02:18","post_modified_gmt":"2022-10-03 05:02:18","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7480","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7348,"post_author":"1","post_date":"2022-09-25 00:12:26","post_date_gmt":"2022-09-24 14:12:26","post_content":"\n
Ethereum recently merged its proof-of-work (PoW) blockchain with its proof-of-stake (PoS) blockchain which reduced its energy consumption by 99.95% and made the network more scalable for future projects.<\/p>\n\n\n\n
At the recent Mainnet event, Ethereum co-founder Vitalik Buterin<\/a> was questioned<\/a> about PoS<\/a> as a consensus model. \"Should all networks move to PoS?\" Ryan Selkis<\/a> asked, Buterin replied that \"As PoS matures I would expect it to increase in legitimacy over time. I hope Zcash moves over and I am hopeful Dogecoin moves to PoS soon.\"<\/li><\/ul>\n\n\n\n
Zcash is a blockchain that focused heavily on user privacy with the company behind Zcash already detailing<\/a> how the privacy coin would transition to PoS. This may not be as simple due to the heavy decentralization of the network, comparing it to its launch<\/a> which had 6 pseudonymous identities all with a portion of the network's private key.<\/li><\/ul>\n\n\n\n
On the other hand, Dogecoin is a cryptocurrency that has grown heavily in popularity over the past few years despite launching to mock cryptocurrencies. Dogecoin is now commonly accepted by vendors and its developers have expressed interest in a PoS chain.<\/li><\/ul>\n\n\n\n
ZCash is currently trading at $57.59 and is the 54th largest token<\/a> by market cap. Dogecoin is currently trading at $0.066 and is the 10th largest token by ma<\/a>r<\/a>ket cap<\/a>.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Hopeful That ZCash And Dogecoin Move To PoS - Vitalik Buterin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hopeful-that-zcash-and-dogecoin-move-to-pos-vitalik-buterin","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/proof-of-stake\/\nhttps:\/\/www.thedistributed.co\/whistleblower-edward-snowden-played-a-key-role-in-the-creation-of-zcash\/","post_modified":"2023-04-30 21:30:23","post_modified_gmt":"2023-04-30 11:30:23","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7348","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7259,"post_author":"1","post_date":"2022-09-21 21:11:23","post_date_gmt":"2022-09-21 11:11:23","post_content":"\n
Katherine Polk Failla, a New York judge, has ordered<\/a> Tether to reveal the financial documents that prove its backing of the stable<\/a>c<\/a>oin<\/a>.<\/p>\n\n\n\n
Tether is required to provide the United States District Court for the Southern District of New York with \u201cgeneral ledgers, balance sheets, income statements, cash-flow statements, and profit and loss statements.\" The lawsuit alleges that Tether had conspired to artificially inflate the price of Bitcoin through a USDT campaign.<\/li><\/ul>\n\n\n\n
Tether has avoided providing these documents as they are \"sensitive\", although Failla justified the plaintiffs require the documents \"to asses the backing of USDT with US dollars...The documents sought in the transactions RFPs appear to go to one of Plaintiffs\u2019 core allegations: that the B\/T Defendants engaged in cyptocommodities transactions using unbacked USDT, and that those transactions \u201cwere strategically timed to inflate the market.\u2019\u201d<\/li><\/ul>\n\n\n\n
Tether is also required to cough up accounts and details related to accounts held with Bitfiniex, Bittrex, and Poloniex as apart of a case<\/a> against iFinex started in 2019 - the company behind Bitfinex and Tether.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Tethers Peso-Backed Stablecoin MXNT Launches In Mexico<\/a><\/p>\n","post_title":"Tether Ordered To Reveal USDTs Exact Backings","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tether-ordered-to-reveal-usdts-exact-backings","to_ping":"","pinged":"","post_modified":"2023-04-10 18:53:49","post_modified_gmt":"2023-04-10 08:53:49","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7259","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7229,"post_author":"1","post_date":"2022-09-20 22:22:55","post_date_gmt":"2022-09-20 12:22:55","post_content":"\n
Raoul Pal, a former executive at Goldman Sachs and macro expert believes that Ethereum could lead markets in the next bull cycle.<\/p>\n\n\n\n
Pal recently hosted<\/a> an ask me anything (AMA). Amongst various different questions, Pal predicted that \u201cas adoption keeps building, a lot of adoption spills outside of ETH into the Solana, Avalanche, and a bunch of other protocols as well.\" He added that \"we\u2019re going to see ETH lead the charge, and then we\u2019ll see this tail of stuff starting to come as we start a new bull market and generally things work that way.\u201d<\/p>\n\n\n\n
Pal is keeping his eye on one Ethereum competitor though. \u201cI think a lot of these layer ones this time around will be like ETH in the last cycle. They\u2019ll end up becoming very large dominant chains. Which ones? I don\u2019t really know. My bet is really on Solana, but it could be any of these.\" He added that he is \"watching them and waiting to see,\" tracking SOL\/ETH using a DeMark indicator.<\/p>\n\n\n\n
Pal also recommends listening to a broad base of opinions when doing research for the upcoming markets. \"You weigh them [varying opinions] yourself, how important is that to me?... Having people's opposite opinions, differences, and nuances, is really important for the macro scenario...Once you start listening to a lot of people you can start formulating your own opinions.\" <\/p>\n\n\n\n
He believes that you should follow what makes the most sense from your view - this added responsibility will likely form a better and stronger choice for yourself.<\/p>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n\n\n\n
\nhttps:\/\/www.youtube.com\/watch?v=H5j8mHKHScU\n<\/div>
Raoul Pal - Ask Me Anything<\/figcaption><\/figure>\n","post_title":"ETH Will Lead Charge Next Cycle Predicts Raoul Pal","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"eth-will-lead-charge-next-cycle-predicts-raoul-pal","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-misconceptions-with-the-ethereum-merge\/","post_modified":"2023-04-10 18:54:37","post_modified_gmt":"2023-04-10 08:54:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7229","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7153,"post_author":"1","post_date":"2022-09-19 20:57:39","post_date_gmt":"2022-09-19 10:57:39","post_content":"\n
Ethereum has just completed its merge<\/a> to a proof-of-stake<\/a> consensus from proof-of-work, could the primary source of validation bring in more institutional investors?<\/p>\n\n\n\n
\"They're [instiutional investors] looking for yield,\" said<\/a> FalconX CEO Raghu Yarlagadda in a recent interview with CoinDesk, \"with the ETH merge, the possibility of generating a sustainable, stable yield is interesting\" he added. <\/li><\/ul>\n\n\n\n
PoS is a consensus mechanism where transactions are validated through users staking their coins, in return for staking users will receive a small fee for playing their part. Currently, on Ethereum, this may yield users around 10-15% annually which makes it an alternative to typical bonds. <\/li><\/ul>\n\n\n\n
The reduced energy consumption could also make for a more eco-friendly investment in institutional eyes. Environmental, Social, and Governance (ESG) is a metric popular amongst various institutions, so Ethereum reducing its energy consumption by 99.95% and reducing<\/a> the world's energy consumption by 0.02% is a big plus.<\/li><\/ul>\n\n\n\n
Ethereum will also be more scarce now the merge has happened with annual issuance dropping ~90% to 600,000 per year and burning<\/a> of Ethereum transaction fees, along with staking taking even more Ethereum out of circulation.<\/li><\/ul>\n\n\n\n
Although it may attract institutional investors, using it in an institutional scene may not be the most efficient thing to do as of yet. Currently, Ethereum has 15 transactions per second (TP\/S) compared to VISA with ~1,700 and Solana at 2,300. The merge promises to make Ethereum more accessible which could bring scaling solutions to light that improve its lacking metrics.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Ethereum May Attract Institutional Investors \"Looking For Yield\"","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-may-attract-institutional-investors-looking-for-yield","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2023-04-10 18:54:55","post_modified_gmt":"2023-04-10 08:54:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7153","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7141,"post_author":"1","post_date":"2022-09-14 22:57:51","post_date_gmt":"2022-09-14 12:57:51","post_content":"\n
Do Kwon, co-founder of Terraform Labs has been issued an arrest warrant by a South Korean court in the wake of Terra Luna's collapse<\/a> earlier this year.<\/p>\n\n\n\n
A report<\/a> from South Korean news outlet Chosun Ilbo details that there were an additional 5 arrest warrants laid out. This includes Nicholas Platias, a founding member of Terraform Labs, and Han Mo, an employee. The charges being faced are for violating the Capital Markets Act. As prosecutors believe that Terra Luna falls under an \u201cinvestment contract security\u201d.<\/li><\/ul>\n\n\n\n
Although the warrant was issued by a South Korean court, key members of Terraform Labs including Kwon and the 5 other individuals are currently located in Singapore. As a result, the warrant is valid for the next year. This comes after South Korean authorities banned<\/a> Terra Luna's main designers from leaving the country.<\/li><\/ul>\n\n\n\n
After LUNA and sister stablecoin<\/a> UST collapsed earlier this year, investors were bought to outrage with a combined US$42B wiped out from the two coins alongside a 99.99% drop in price. In turn, investors were quick to sue Kwon and others for violating various laws and acts as rumors<\/a> were quick to spread in relation to the downfall.<\/li><\/ul>\n\n\n\n
See Related:<\/strong><\/em> War On Code \u2013 Tornado Cash Developer Alexey Pertsev Arrested<\/a><\/p>\n","post_title":"Terra's Do Kwon Wanted For Arrest By Seoul Court","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"terras-do-kwon-wanted-for-arrest-by-seoul-court","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-30 21:31:32","post_modified_gmt":"2023-04-30 11:31:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7141","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7107,"post_author":"1","post_date":"2022-09-12 21:36:27","post_date_gmt":"2022-09-12 11:36:27","post_content":"\n
Benjamin Cowen<\/a> is a well-regarded crypto analyst, using a historically accurate indicator he has found it likely that Bitcoin has hit its bottom or is very close to doing so.<\/p>\n\n\n\n
Cowen was recently featured<\/a> on Kitco News where he discussed his use of the metric. \"One of the interesting things about this chart is that historically, Bitcoin does not bottom until after they cross,\" he stated.<\/li><\/ul>\n\n\n\n
The indicator Cowen used is the Bitcoin Percentage Of Supply In Profit And Loss<\/a>. This indicates how many Bitcoins are at a profit or loss for their holders. Looking at the chart from a widened perspective Cowen shows how this metric has accompanied tops and bottoms over the long term.<\/li><\/ul>\n\n\n\n
Cowen added that they have recently just crossed each other and how the bottom typically occurs after they cross. \"When it comes up here, that\u2019s generally the time where you want to scale out when we\u2019re continuing to push those new all-time highs so to me this is an indicator that would suggest that if we did get another leg down there\u2019s a lot of evidence that could be the major bottom,\" he added.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bullish On Bitcoin, It\u2019s Trading At A Discount \u2013 Bloomberg Intelligence<\/a><\/p>\n\n\n\n
$\"Benjamin$
Benjamin Cowen Illustrating The Bitcoin Percentage Of Supply In Profit And Loss Metric Source: YouTube\/Kitco News<\/em><\/figcaption><\/figure>\n","post_title":"Bitcoins Bottom Is Likely In, Crypto Analyst Benjamin Cowen","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoins-bottom-is-likely-in-crypto-analyst-benjamin-cowen","to_ping":"","pinged":"","post_modified":"2023-04-11 00:07:43","post_modified_gmt":"2023-04-10 14:07:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7107","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7093,"post_author":"1","post_date":"2022-09-11 19:27:57","post_date_gmt":"2022-09-11 09:27:57","post_content":"\n
Mike McGlone is a senior strategist at Bloomberg Intelligence, has recently shared multiple on Twitter discussing various commodities and concerns related to the current state of markets worldwide.<\/p>\n\n\n\n
In one tweet McGlone outlined his September Crypto Outlook<\/a><\/em> where he believes that the world is leaning towards a recession in light of recent events including the tightening of interest rates by the Federal Reserve.<\/li><\/ul>\n\n\n\n
A key indicator that had encouraged the Fed's fight against inflation was the soar in energy prices. This pressured high-risk assets, namely cryptocurrencies, and once the dust settles from recent events crypto prices will start to \"bouy\" as \u201ccrude oil decline may fuel Bitcoin recovery.\u201d Reuters recently reported<\/a> that the Strategic Petroleum Reserve (SPR) fell to its lowest level in more than 35 years.<\/li><\/ul>\n\n\n\n
Price data from 2018-19 was compared to price data from today showing a similar benchmark where \"Bitcoin is at a discount within an elongated bull market.\"<\/li><\/ul>\n\n\n\n
$\""Too$
Bitcoin Price Data. Source: Bloomberg Intelligence<\/figcaption><\/figure>\n\n\n\n
In an interview<\/a> with Bell Media, McGlone believes that cryptocurrencies will continue to outperform traditional assets with declining volatility. He hints at being bullish on Bitcoin believing will put in a bottom at, or below $20,000 similar to 2018 and 2013 before going into an upward trajectory.<\/li><\/ul>\n\n\n\n
McGlone hinted at Ethereum becoming a large part of the financial system as the merge<\/a> approaches due to its ability to make tokenized assets<\/a> readily accessible to the public just like ETFs had done with traditional assets.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Will Return \u2013 Ruchir Sharma, The Chairman Of Rockefeller International<\/a><\/p>\n","post_title":"Bullish On Bitcoin, It's Trading At A Discount - Bloomberg Intelligence","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bullish-on-bitcoin-its-trading-at-a-discount-bloomberg-intelligence","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/ethereum-proof-of-stake-merge-set-for-mid-september\/\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/\nhttps:\/\/www.thedistributed.co\/bitcoin-will-return-ruchir-sharma-the-chairman-of-rockefeller-international\/","post_modified":"2023-04-11 00:07:57","post_modified_gmt":"2023-04-10 14:07:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7093","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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Binance Coin (BNB)

December 8, 2022 - Updated on January 15, 2023

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\n
BNB has a \"strict\" limit of 200M tokens, never to be increased.((BNB Whitepaper - Binance Coin (BNB)<\/a>, Page 7)) These tokens were distributed as follows during its ICO; 50% of tokens (100M) for the ICO, 40% (80M) to the founding team, and 10% (20M) to angel investors.((BNB Whitepaper - Allocation<\/a>, Page 8)) The founding team receives 20% of their 80M tokens through a 4-year plan - 16M at ICO and 16M for 4 years following the ICO.<\/p>\n\n\n\n
Binance Coin is subject to an auto-burning<\/a> system that will eventually reduce the total supply to 100M. Binance uses 20% of its quarterly profits to buy back and burn BNB.<\/p>\n\n\n\n
Users can also stake BNB to receive interest on their tokens and vote on network changes. The BNB Beacon Chain is where governance of the network takes place and proposals are submitted. Voting power is decided based on the size of a user's stake of BNB.<\/p>\n\n\n\n
Is Binance Coin (BNB) A Safe Investment?<\/h2>\n\n\n\n
The safety of an investment in Binance Coin (BNB) depends on several factors, including the overall stability of the cryptocurrency market and the performance of the Binance exchange platform. As with any investment, it's important to consider the potential risks and rewards before deciding. Investing in BNB or any other cryptocurrency carries a high degree of risk, and it's possible that you could lose some or all of your investment. <\/p>\n\n\n\n
Even the biggest exchanges such as FTX<\/a> are victims of bankruptcy and other factors which may put your funds at risk. Therefore, it is vital to thoroughly research any investment, cryptocurrency or not, prior to making a decision and only investing what you can afford to lose. <\/p>\n\n\n\n
Is BNB A Good Long-Term Investment?<\/h2>\n\n\n\n
The long-term potential of Binance Coin (BNB) as an investment will depend on a number of factors, including the overall performance of the Binance exchange, which depends on the overall health of the cryptocurrency markets. BNB is a well-established token with a well-established exchange, with a strong track record, and a large and active user base, which can provide investors with confidence in the long-term prospects of the token.<\/p>\n\n\n\n
Binance Coin (BNB) Frequently Asked Questions<\/h2>\n\n\n\n
Is Binance Coin A Stablecoin?<\/h3>\n\n\n\n
Binance Coin (BNB) is not a stablecoin, although there is a Binance USD stablecoin<\/a> (BUSD) which is pegged 1:1 with the US Dollar.<\/p>\n\n\n\n
What If I Lose My BNB?<\/h3>\n\n\n\n
In eligible cases such as certain lost token scenarios or \"honest mistakes\", Binance may reimburse the user for their lost coins. They do this alongside their burning mechanism, where they will count the lost coins as burnt and credit the user BNB.((Binance - Binance Introduces the BNB Pioneer Burn Program, Adjusts BNB Token Burn Mechanics<\/a>))<\/p>\n","post_title":"Binance Coin (BNB)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-coin-bnb","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/smart-contracts\/\nhttps:\/\/www.thedistributed.co\/cryptocurrency-burning\/\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-01-15 15:44:02","post_modified_gmt":"2023-01-15 04:44:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8715","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7530,"post_author":"1","post_date":"2022-10-08 00:21:45","post_date_gmt":"2022-10-07 13:21:45","post_content":"\n
Web3 startup Thallo announced<\/a> a partnership with Ripple Labs, the developers behind XRP, and 22 other partners to launch a blockchain-based carbon credit marketplace.<\/p>\n\n\n\n
Carbon credits are given to companies and define how much emissions they're allowed to put out, which can be traded between companies. Thallo aims to solve liquidity and pricing problems within the current carbon credit marketplace.<\/li><\/ul>\n\n\n\n
\u201cAs the demand for carbon credits intensifies, blockchain and crypto technology is uniquely positioned to help support market growth by solving persistent challenges around transparency, traceability and verification,\u201d says Ken Weber a senior VP for Ripple's social impact and sustainability sector in Thallos announcement.<\/li><\/ul>\n\n\n\n
\"By leveraging Ripple\u2019s enterprise readiness and carbon neutral XRPL\u2019s reliability at scale, Thallo is democratizing access to verified carbon credits for both institutional and retail investors to help offset their carbon footprints in a way that satisfies their key stakeholders,\" added Weber.<\/li><\/ul>\n\n\n\n
See Related: <\/strong><\/em>Ripple vs. SEC: How The Outcome Can Affect The Cryptocurrency Market<\/a><\/p>\n\n\n\n
Thallo's Carbon Neutral Team<\/h2>\n\n\n\n
In the announcement, Thallo defined their team as experts in climate and sustainability as well as web3. Alongside Thallo, the 23 partners split into three sectors. The Founding Partners<\/em> include Ripple Labs and Climate Collective to support the development of the platform.<\/li><\/ul>\n\n\n\n
The second sector is the Integrity Partners<\/em> which are academic instiutions, non-profits, and associations which aim to scale carbon markets with integrity such as Carbon Business Council and Crypto Climate Accord.<\/li><\/ul>\n\n\n\n
Finally, the largest sector with 14 companies, the Innovation Partners<\/em>, are the companies that develop the key aspects of the marketplace including Chainlink, Celo Foundation and Filecoin Green.<\/li><\/ul>\n\n\n\nSee Related:<\/em><\/strong> Crypto Mining Is a Threat To The U.S. Climate Commitments And Goals, White House Appraised<\/a><\/p>\n","post_title":"Ripple Labs Partner With Thallo To Develop Carbon Credit Marketplace","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-labs-partner-with-thallo-to-develop-carbon-credit-marketplace","to_ping":"","pinged":"","post_modified":"2022-10-08 00:24:06","post_modified_gmt":"2022-10-07 13:24:06","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7530","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7480,"post_author":"1","post_date":"2022-10-02 00:26:44","post_date_gmt":"2022-10-01 14:26:44","post_content":"\n
David Rubenstein, the billionaire co-founder\/chairman of The Carlyle Group was interviewed by fellow billionaire Ken Griffin to discuss<\/a> his view on crypto assets.<\/p>\n\n\n\n
Rubenstein, although not an investor in cryptocurrencies directly has been indirectly investing in them through companies that service the industry. \u201cI have not invested in cryptocurrencies. But I have invested in my family office through companies that service the industry,\" he states.<\/li><\/ul>\n\n\n\n
Although Rubenstein believes \"the industry is not going away anytime soon,\" he states that \"I can\u2019t pick which of the 18,000 cryptocurrencies are going to work. But I think the industry is not going away,\" as there are countless investors who've increasingly lobbied congress to prevent over-regulation.<\/li><\/ul>\n\n\n\n
Griffin asked \"What do you think about cryptocurrencies,\" Rubenstein responded that \"if it gives you pleasure to do the gambling allocate enough money that you can afford to lose, with crypto that was my view for some time...I now think that crypto is not going to go away the way some people have thought and while you can argue it's worthless in some respects, many things that people buy are maybe worthless.\"<\/li><\/ul>\n\n\n\n
The billionaire also believes that the reason so many people want to invest in crypto assets is to take some of the power away that the government and authorities have. \"They tend to be liking this thing that's anti-government, they want to have some of their assets and things that the government can't control or know what they're doing.\"<\/li><\/ul>\n\n\n\n
See Related: <\/em><\/strong>Bitcoins Bottom Is Likely In, Crypto Analyst Benjamin Cowen<\/a><\/p>\n\n\n\n
\nhttps:\/\/www.youtube.com\/watch?v=R-RHmKx9xTY\n<\/div><\/figure>\n","post_title":"Crypto Is Not Going Away, Billionaire David Rubenstein","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"crypto-is-not-going-away-billionaire-david-rubenstein","to_ping":"","pinged":"","post_modified":"2022-10-03 16:02:18","post_modified_gmt":"2022-10-03 05:02:18","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7480","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7348,"post_author":"1","post_date":"2022-09-25 00:12:26","post_date_gmt":"2022-09-24 14:12:26","post_content":"\n
Ethereum recently merged its proof-of-work (PoW) blockchain with its proof-of-stake (PoS) blockchain which reduced its energy consumption by 99.95% and made the network more scalable for future projects.<\/p>\n\n\n\n
At the recent Mainnet event, Ethereum co-founder Vitalik Buterin<\/a> was questioned<\/a> about PoS<\/a> as a consensus model. \"Should all networks move to PoS?\" Ryan Selkis<\/a> asked, Buterin replied that \"As PoS matures I would expect it to increase in legitimacy over time. I hope Zcash moves over and I am hopeful Dogecoin moves to PoS soon.\"<\/li><\/ul>\n\n\n\n
Zcash is a blockchain that focused heavily on user privacy with the company behind Zcash already detailing<\/a> how the privacy coin would transition to PoS. This may not be as simple due to the heavy decentralization of the network, comparing it to its launch<\/a> which had 6 pseudonymous identities all with a portion of the network's private key.<\/li><\/ul>\n\n\n\n
On the other hand, Dogecoin is a cryptocurrency that has grown heavily in popularity over the past few years despite launching to mock cryptocurrencies. Dogecoin is now commonly accepted by vendors and its developers have expressed interest in a PoS chain.<\/li><\/ul>\n\n\n\n
ZCash is currently trading at $57.59 and is the 54th largest token<\/a> by market cap. Dogecoin is currently trading at $0.066 and is the 10th largest token by ma<\/a>r<\/a>ket cap<\/a>.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Hopeful That ZCash And Dogecoin Move To PoS - Vitalik Buterin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hopeful-that-zcash-and-dogecoin-move-to-pos-vitalik-buterin","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/proof-of-stake\/\nhttps:\/\/www.thedistributed.co\/whistleblower-edward-snowden-played-a-key-role-in-the-creation-of-zcash\/","post_modified":"2023-04-30 21:30:23","post_modified_gmt":"2023-04-30 11:30:23","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7348","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7259,"post_author":"1","post_date":"2022-09-21 21:11:23","post_date_gmt":"2022-09-21 11:11:23","post_content":"\n
Katherine Polk Failla, a New York judge, has ordered<\/a> Tether to reveal the financial documents that prove its backing of the stable<\/a>c<\/a>oin<\/a>.<\/p>\n\n\n\n
Tether is required to provide the United States District Court for the Southern District of New York with \u201cgeneral ledgers, balance sheets, income statements, cash-flow statements, and profit and loss statements.\" The lawsuit alleges that Tether had conspired to artificially inflate the price of Bitcoin through a USDT campaign.<\/li><\/ul>\n\n\n\n
Tether has avoided providing these documents as they are \"sensitive\", although Failla justified the plaintiffs require the documents \"to asses the backing of USDT with US dollars...The documents sought in the transactions RFPs appear to go to one of Plaintiffs\u2019 core allegations: that the B\/T Defendants engaged in cyptocommodities transactions using unbacked USDT, and that those transactions \u201cwere strategically timed to inflate the market.\u2019\u201d<\/li><\/ul>\n\n\n\n
Tether is also required to cough up accounts and details related to accounts held with Bitfiniex, Bittrex, and Poloniex as apart of a case<\/a> against iFinex started in 2019 - the company behind Bitfinex and Tether.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Tethers Peso-Backed Stablecoin MXNT Launches In Mexico<\/a><\/p>\n","post_title":"Tether Ordered To Reveal USDTs Exact Backings","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tether-ordered-to-reveal-usdts-exact-backings","to_ping":"","pinged":"","post_modified":"2023-04-10 18:53:49","post_modified_gmt":"2023-04-10 08:53:49","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7259","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7229,"post_author":"1","post_date":"2022-09-20 22:22:55","post_date_gmt":"2022-09-20 12:22:55","post_content":"\n
Raoul Pal, a former executive at Goldman Sachs and macro expert believes that Ethereum could lead markets in the next bull cycle.<\/p>\n\n\n\n
Pal recently hosted<\/a> an ask me anything (AMA). Amongst various different questions, Pal predicted that \u201cas adoption keeps building, a lot of adoption spills outside of ETH into the Solana, Avalanche, and a bunch of other protocols as well.\" He added that \"we\u2019re going to see ETH lead the charge, and then we\u2019ll see this tail of stuff starting to come as we start a new bull market and generally things work that way.\u201d<\/p>\n\n\n\n
Pal is keeping his eye on one Ethereum competitor though. \u201cI think a lot of these layer ones this time around will be like ETH in the last cycle. They\u2019ll end up becoming very large dominant chains. Which ones? I don\u2019t really know. My bet is really on Solana, but it could be any of these.\" He added that he is \"watching them and waiting to see,\" tracking SOL\/ETH using a DeMark indicator.<\/p>\n\n\n\n
Pal also recommends listening to a broad base of opinions when doing research for the upcoming markets. \"You weigh them [varying opinions] yourself, how important is that to me?... Having people's opposite opinions, differences, and nuances, is really important for the macro scenario...Once you start listening to a lot of people you can start formulating your own opinions.\" <\/p>\n\n\n\n
He believes that you should follow what makes the most sense from your view - this added responsibility will likely form a better and stronger choice for yourself.<\/p>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n\n\n\n
\nhttps:\/\/www.youtube.com\/watch?v=H5j8mHKHScU\n<\/div>
Raoul Pal - Ask Me Anything<\/figcaption><\/figure>\n","post_title":"ETH Will Lead Charge Next Cycle Predicts Raoul Pal","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"eth-will-lead-charge-next-cycle-predicts-raoul-pal","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-misconceptions-with-the-ethereum-merge\/","post_modified":"2023-04-10 18:54:37","post_modified_gmt":"2023-04-10 08:54:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7229","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7153,"post_author":"1","post_date":"2022-09-19 20:57:39","post_date_gmt":"2022-09-19 10:57:39","post_content":"\n
Ethereum has just completed its merge<\/a> to a proof-of-stake<\/a> consensus from proof-of-work, could the primary source of validation bring in more institutional investors?<\/p>\n\n\n\n
\"They're [instiutional investors] looking for yield,\" said<\/a> FalconX CEO Raghu Yarlagadda in a recent interview with CoinDesk, \"with the ETH merge, the possibility of generating a sustainable, stable yield is interesting\" he added. <\/li><\/ul>\n\n\n\n
PoS is a consensus mechanism where transactions are validated through users staking their coins, in return for staking users will receive a small fee for playing their part. Currently, on Ethereum, this may yield users around 10-15% annually which makes it an alternative to typical bonds. <\/li><\/ul>\n\n\n\n
The reduced energy consumption could also make for a more eco-friendly investment in institutional eyes. Environmental, Social, and Governance (ESG) is a metric popular amongst various institutions, so Ethereum reducing its energy consumption by 99.95% and reducing<\/a> the world's energy consumption by 0.02% is a big plus.<\/li><\/ul>\n\n\n\n
Ethereum will also be more scarce now the merge has happened with annual issuance dropping ~90% to 600,000 per year and burning<\/a> of Ethereum transaction fees, along with staking taking even more Ethereum out of circulation.<\/li><\/ul>\n\n\n\n
Although it may attract institutional investors, using it in an institutional scene may not be the most efficient thing to do as of yet. Currently, Ethereum has 15 transactions per second (TP\/S) compared to VISA with ~1,700 and Solana at 2,300. The merge promises to make Ethereum more accessible which could bring scaling solutions to light that improve its lacking metrics.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Ethereum May Attract Institutional Investors \"Looking For Yield\"","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-may-attract-institutional-investors-looking-for-yield","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2023-04-10 18:54:55","post_modified_gmt":"2023-04-10 08:54:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7153","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7141,"post_author":"1","post_date":"2022-09-14 22:57:51","post_date_gmt":"2022-09-14 12:57:51","post_content":"\n
Do Kwon, co-founder of Terraform Labs has been issued an arrest warrant by a South Korean court in the wake of Terra Luna's collapse<\/a> earlier this year.<\/p>\n\n\n\n
A report<\/a> from South Korean news outlet Chosun Ilbo details that there were an additional 5 arrest warrants laid out. This includes Nicholas Platias, a founding member of Terraform Labs, and Han Mo, an employee. The charges being faced are for violating the Capital Markets Act. As prosecutors believe that Terra Luna falls under an \u201cinvestment contract security\u201d.<\/li><\/ul>\n\n\n\n
Although the warrant was issued by a South Korean court, key members of Terraform Labs including Kwon and the 5 other individuals are currently located in Singapore. As a result, the warrant is valid for the next year. This comes after South Korean authorities banned<\/a> Terra Luna's main designers from leaving the country.<\/li><\/ul>\n\n\n\n
After LUNA and sister stablecoin<\/a> UST collapsed earlier this year, investors were bought to outrage with a combined US$42B wiped out from the two coins alongside a 99.99% drop in price. In turn, investors were quick to sue Kwon and others for violating various laws and acts as rumors<\/a> were quick to spread in relation to the downfall.<\/li><\/ul>\n\n\n\n
See Related:<\/strong><\/em> War On Code \u2013 Tornado Cash Developer Alexey Pertsev Arrested<\/a><\/p>\n","post_title":"Terra's Do Kwon Wanted For Arrest By Seoul Court","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"terras-do-kwon-wanted-for-arrest-by-seoul-court","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-30 21:31:32","post_modified_gmt":"2023-04-30 11:31:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7141","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7107,"post_author":"1","post_date":"2022-09-12 21:36:27","post_date_gmt":"2022-09-12 11:36:27","post_content":"\n
Benjamin Cowen<\/a> is a well-regarded crypto analyst, using a historically accurate indicator he has found it likely that Bitcoin has hit its bottom or is very close to doing so.<\/p>\n\n\n\n
Cowen was recently featured<\/a> on Kitco News where he discussed his use of the metric. \"One of the interesting things about this chart is that historically, Bitcoin does not bottom until after they cross,\" he stated.<\/li><\/ul>\n\n\n\n
The indicator Cowen used is the Bitcoin Percentage Of Supply In Profit And Loss<\/a>. This indicates how many Bitcoins are at a profit or loss for their holders. Looking at the chart from a widened perspective Cowen shows how this metric has accompanied tops and bottoms over the long term.<\/li><\/ul>\n\n\n\n
Cowen added that they have recently just crossed each other and how the bottom typically occurs after they cross. \"When it comes up here, that\u2019s generally the time where you want to scale out when we\u2019re continuing to push those new all-time highs so to me this is an indicator that would suggest that if we did get another leg down there\u2019s a lot of evidence that could be the major bottom,\" he added.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bullish On Bitcoin, It\u2019s Trading At A Discount \u2013 Bloomberg Intelligence<\/a><\/p>\n\n\n\n
$\"Benjamin$
Benjamin Cowen Illustrating The Bitcoin Percentage Of Supply In Profit And Loss Metric Source: YouTube\/Kitco News<\/em><\/figcaption><\/figure>\n","post_title":"Bitcoins Bottom Is Likely In, Crypto Analyst Benjamin Cowen","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoins-bottom-is-likely-in-crypto-analyst-benjamin-cowen","to_ping":"","pinged":"","post_modified":"2023-04-11 00:07:43","post_modified_gmt":"2023-04-10 14:07:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7107","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7093,"post_author":"1","post_date":"2022-09-11 19:27:57","post_date_gmt":"2022-09-11 09:27:57","post_content":"\n
Mike McGlone is a senior strategist at Bloomberg Intelligence, has recently shared multiple on Twitter discussing various commodities and concerns related to the current state of markets worldwide.<\/p>\n\n\n\n
In one tweet McGlone outlined his September Crypto Outlook<\/a><\/em> where he believes that the world is leaning towards a recession in light of recent events including the tightening of interest rates by the Federal Reserve.<\/li><\/ul>\n\n\n\n
A key indicator that had encouraged the Fed's fight against inflation was the soar in energy prices. This pressured high-risk assets, namely cryptocurrencies, and once the dust settles from recent events crypto prices will start to \"bouy\" as \u201ccrude oil decline may fuel Bitcoin recovery.\u201d Reuters recently reported<\/a> that the Strategic Petroleum Reserve (SPR) fell to its lowest level in more than 35 years.<\/li><\/ul>\n\n\n\n
Price data from 2018-19 was compared to price data from today showing a similar benchmark where \"Bitcoin is at a discount within an elongated bull market.\"<\/li><\/ul>\n\n\n\n
$\""Too$
Bitcoin Price Data. Source: Bloomberg Intelligence<\/figcaption><\/figure>\n\n\n\n
In an interview<\/a> with Bell Media, McGlone believes that cryptocurrencies will continue to outperform traditional assets with declining volatility. He hints at being bullish on Bitcoin believing will put in a bottom at, or below $20,000 similar to 2018 and 2013 before going into an upward trajectory.<\/li><\/ul>\n\n\n\n
McGlone hinted at Ethereum becoming a large part of the financial system as the merge<\/a> approaches due to its ability to make tokenized assets<\/a> readily accessible to the public just like ETFs had done with traditional assets.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Will Return \u2013 Ruchir Sharma, The Chairman Of Rockefeller International<\/a><\/p>\n","post_title":"Bullish On Bitcoin, It's Trading At A Discount - Bloomberg Intelligence","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bullish-on-bitcoin-its-trading-at-a-discount-bloomberg-intelligence","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/ethereum-proof-of-stake-merge-set-for-mid-september\/\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/\nhttps:\/\/www.thedistributed.co\/bitcoin-will-return-ruchir-sharma-the-chairman-of-rockefeller-international\/","post_modified":"2023-04-11 00:07:57","post_modified_gmt":"2023-04-10 14:07:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7093","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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Binance Coin (BNB)

December 8, 2022 - Updated on January 15, 2023

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\n
Binance Coin (BNB) Tokenomics<\/h2>\n\n\n\n
BNB has a \"strict\" limit of 200M tokens, never to be increased.((BNB Whitepaper - Binance Coin (BNB)<\/a>, Page 7)) These tokens were distributed as follows during its ICO; 50% of tokens (100M) for the ICO, 40% (80M) to the founding team, and 10% (20M) to angel investors.((BNB Whitepaper - Allocation<\/a>, Page 8)) The founding team receives 20% of their 80M tokens through a 4-year plan - 16M at ICO and 16M for 4 years following the ICO.<\/p>\n\n\n\n
Binance Coin is subject to an auto-burning<\/a> system that will eventually reduce the total supply to 100M. Binance uses 20% of its quarterly profits to buy back and burn BNB.<\/p>\n\n\n\n
Users can also stake BNB to receive interest on their tokens and vote on network changes. The BNB Beacon Chain is where governance of the network takes place and proposals are submitted. Voting power is decided based on the size of a user's stake of BNB.<\/p>\n\n\n\n
Is Binance Coin (BNB) A Safe Investment?<\/h2>\n\n\n\n
The safety of an investment in Binance Coin (BNB) depends on several factors, including the overall stability of the cryptocurrency market and the performance of the Binance exchange platform. As with any investment, it's important to consider the potential risks and rewards before deciding. Investing in BNB or any other cryptocurrency carries a high degree of risk, and it's possible that you could lose some or all of your investment. <\/p>\n\n\n\n
Even the biggest exchanges such as FTX<\/a> are victims of bankruptcy and other factors which may put your funds at risk. Therefore, it is vital to thoroughly research any investment, cryptocurrency or not, prior to making a decision and only investing what you can afford to lose. <\/p>\n\n\n\n
Is BNB A Good Long-Term Investment?<\/h2>\n\n\n\n
The long-term potential of Binance Coin (BNB) as an investment will depend on a number of factors, including the overall performance of the Binance exchange, which depends on the overall health of the cryptocurrency markets. BNB is a well-established token with a well-established exchange, with a strong track record, and a large and active user base, which can provide investors with confidence in the long-term prospects of the token.<\/p>\n\n\n\n
Binance Coin (BNB) Frequently Asked Questions<\/h2>\n\n\n\n
Is Binance Coin A Stablecoin?<\/h3>\n\n\n\n
Binance Coin (BNB) is not a stablecoin, although there is a Binance USD stablecoin<\/a> (BUSD) which is pegged 1:1 with the US Dollar.<\/p>\n\n\n\n
What If I Lose My BNB?<\/h3>\n\n\n\n
In eligible cases such as certain lost token scenarios or \"honest mistakes\", Binance may reimburse the user for their lost coins. They do this alongside their burning mechanism, where they will count the lost coins as burnt and credit the user BNB.((Binance - Binance Introduces the BNB Pioneer Burn Program, Adjusts BNB Token Burn Mechanics<\/a>))<\/p>\n","post_title":"Binance Coin (BNB)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-coin-bnb","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/smart-contracts\/\nhttps:\/\/www.thedistributed.co\/cryptocurrency-burning\/\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-01-15 15:44:02","post_modified_gmt":"2023-01-15 04:44:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8715","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7530,"post_author":"1","post_date":"2022-10-08 00:21:45","post_date_gmt":"2022-10-07 13:21:45","post_content":"\n
Web3 startup Thallo announced<\/a> a partnership with Ripple Labs, the developers behind XRP, and 22 other partners to launch a blockchain-based carbon credit marketplace.<\/p>\n\n\n\n
Carbon credits are given to companies and define how much emissions they're allowed to put out, which can be traded between companies. Thallo aims to solve liquidity and pricing problems within the current carbon credit marketplace.<\/li><\/ul>\n\n\n\n
\u201cAs the demand for carbon credits intensifies, blockchain and crypto technology is uniquely positioned to help support market growth by solving persistent challenges around transparency, traceability and verification,\u201d says Ken Weber a senior VP for Ripple's social impact and sustainability sector in Thallos announcement.<\/li><\/ul>\n\n\n\n
\"By leveraging Ripple\u2019s enterprise readiness and carbon neutral XRPL\u2019s reliability at scale, Thallo is democratizing access to verified carbon credits for both institutional and retail investors to help offset their carbon footprints in a way that satisfies their key stakeholders,\" added Weber.<\/li><\/ul>\n\n\n\n
See Related: <\/strong><\/em>Ripple vs. SEC: How The Outcome Can Affect The Cryptocurrency Market<\/a><\/p>\n\n\n\n
Thallo's Carbon Neutral Team<\/h2>\n\n\n\n
In the announcement, Thallo defined their team as experts in climate and sustainability as well as web3. Alongside Thallo, the 23 partners split into three sectors. The Founding Partners<\/em> include Ripple Labs and Climate Collective to support the development of the platform.<\/li><\/ul>\n\n\n\n
The second sector is the Integrity Partners<\/em> which are academic instiutions, non-profits, and associations which aim to scale carbon markets with integrity such as Carbon Business Council and Crypto Climate Accord.<\/li><\/ul>\n\n\n\n
Finally, the largest sector with 14 companies, the Innovation Partners<\/em>, are the companies that develop the key aspects of the marketplace including Chainlink, Celo Foundation and Filecoin Green.<\/li><\/ul>\n\n\n\nSee Related:<\/em><\/strong> Crypto Mining Is a Threat To The U.S. Climate Commitments And Goals, White House Appraised<\/a><\/p>\n","post_title":"Ripple Labs Partner With Thallo To Develop Carbon Credit Marketplace","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-labs-partner-with-thallo-to-develop-carbon-credit-marketplace","to_ping":"","pinged":"","post_modified":"2022-10-08 00:24:06","post_modified_gmt":"2022-10-07 13:24:06","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7530","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7480,"post_author":"1","post_date":"2022-10-02 00:26:44","post_date_gmt":"2022-10-01 14:26:44","post_content":"\n
David Rubenstein, the billionaire co-founder\/chairman of The Carlyle Group was interviewed by fellow billionaire Ken Griffin to discuss<\/a> his view on crypto assets.<\/p>\n\n\n\n
Rubenstein, although not an investor in cryptocurrencies directly has been indirectly investing in them through companies that service the industry. \u201cI have not invested in cryptocurrencies. But I have invested in my family office through companies that service the industry,\" he states.<\/li><\/ul>\n\n\n\n
Although Rubenstein believes \"the industry is not going away anytime soon,\" he states that \"I can\u2019t pick which of the 18,000 cryptocurrencies are going to work. But I think the industry is not going away,\" as there are countless investors who've increasingly lobbied congress to prevent over-regulation.<\/li><\/ul>\n\n\n\n
Griffin asked \"What do you think about cryptocurrencies,\" Rubenstein responded that \"if it gives you pleasure to do the gambling allocate enough money that you can afford to lose, with crypto that was my view for some time...I now think that crypto is not going to go away the way some people have thought and while you can argue it's worthless in some respects, many things that people buy are maybe worthless.\"<\/li><\/ul>\n\n\n\n
The billionaire also believes that the reason so many people want to invest in crypto assets is to take some of the power away that the government and authorities have. \"They tend to be liking this thing that's anti-government, they want to have some of their assets and things that the government can't control or know what they're doing.\"<\/li><\/ul>\n\n\n\n
See Related: <\/em><\/strong>Bitcoins Bottom Is Likely In, Crypto Analyst Benjamin Cowen<\/a><\/p>\n\n\n\n
\nhttps:\/\/www.youtube.com\/watch?v=R-RHmKx9xTY\n<\/div><\/figure>\n","post_title":"Crypto Is Not Going Away, Billionaire David Rubenstein","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"crypto-is-not-going-away-billionaire-david-rubenstein","to_ping":"","pinged":"","post_modified":"2022-10-03 16:02:18","post_modified_gmt":"2022-10-03 05:02:18","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7480","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7348,"post_author":"1","post_date":"2022-09-25 00:12:26","post_date_gmt":"2022-09-24 14:12:26","post_content":"\n
Ethereum recently merged its proof-of-work (PoW) blockchain with its proof-of-stake (PoS) blockchain which reduced its energy consumption by 99.95% and made the network more scalable for future projects.<\/p>\n\n\n\n
At the recent Mainnet event, Ethereum co-founder Vitalik Buterin<\/a> was questioned<\/a> about PoS<\/a> as a consensus model. \"Should all networks move to PoS?\" Ryan Selkis<\/a> asked, Buterin replied that \"As PoS matures I would expect it to increase in legitimacy over time. I hope Zcash moves over and I am hopeful Dogecoin moves to PoS soon.\"<\/li><\/ul>\n\n\n\n
Zcash is a blockchain that focused heavily on user privacy with the company behind Zcash already detailing<\/a> how the privacy coin would transition to PoS. This may not be as simple due to the heavy decentralization of the network, comparing it to its launch<\/a> which had 6 pseudonymous identities all with a portion of the network's private key.<\/li><\/ul>\n\n\n\n
On the other hand, Dogecoin is a cryptocurrency that has grown heavily in popularity over the past few years despite launching to mock cryptocurrencies. Dogecoin is now commonly accepted by vendors and its developers have expressed interest in a PoS chain.<\/li><\/ul>\n\n\n\n
ZCash is currently trading at $57.59 and is the 54th largest token<\/a> by market cap. Dogecoin is currently trading at $0.066 and is the 10th largest token by ma<\/a>r<\/a>ket cap<\/a>.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Hopeful That ZCash And Dogecoin Move To PoS - Vitalik Buterin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hopeful-that-zcash-and-dogecoin-move-to-pos-vitalik-buterin","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/proof-of-stake\/\nhttps:\/\/www.thedistributed.co\/whistleblower-edward-snowden-played-a-key-role-in-the-creation-of-zcash\/","post_modified":"2023-04-30 21:30:23","post_modified_gmt":"2023-04-30 11:30:23","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7348","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7259,"post_author":"1","post_date":"2022-09-21 21:11:23","post_date_gmt":"2022-09-21 11:11:23","post_content":"\n
Katherine Polk Failla, a New York judge, has ordered<\/a> Tether to reveal the financial documents that prove its backing of the stable<\/a>c<\/a>oin<\/a>.<\/p>\n\n\n\n
Tether is required to provide the United States District Court for the Southern District of New York with \u201cgeneral ledgers, balance sheets, income statements, cash-flow statements, and profit and loss statements.\" The lawsuit alleges that Tether had conspired to artificially inflate the price of Bitcoin through a USDT campaign.<\/li><\/ul>\n\n\n\n
Tether has avoided providing these documents as they are \"sensitive\", although Failla justified the plaintiffs require the documents \"to asses the backing of USDT with US dollars...The documents sought in the transactions RFPs appear to go to one of Plaintiffs\u2019 core allegations: that the B\/T Defendants engaged in cyptocommodities transactions using unbacked USDT, and that those transactions \u201cwere strategically timed to inflate the market.\u2019\u201d<\/li><\/ul>\n\n\n\n
Tether is also required to cough up accounts and details related to accounts held with Bitfiniex, Bittrex, and Poloniex as apart of a case<\/a> against iFinex started in 2019 - the company behind Bitfinex and Tether.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Tethers Peso-Backed Stablecoin MXNT Launches In Mexico<\/a><\/p>\n","post_title":"Tether Ordered To Reveal USDTs Exact Backings","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tether-ordered-to-reveal-usdts-exact-backings","to_ping":"","pinged":"","post_modified":"2023-04-10 18:53:49","post_modified_gmt":"2023-04-10 08:53:49","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7259","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7229,"post_author":"1","post_date":"2022-09-20 22:22:55","post_date_gmt":"2022-09-20 12:22:55","post_content":"\n
Raoul Pal, a former executive at Goldman Sachs and macro expert believes that Ethereum could lead markets in the next bull cycle.<\/p>\n\n\n\n
Pal recently hosted<\/a> an ask me anything (AMA). Amongst various different questions, Pal predicted that \u201cas adoption keeps building, a lot of adoption spills outside of ETH into the Solana, Avalanche, and a bunch of other protocols as well.\" He added that \"we\u2019re going to see ETH lead the charge, and then we\u2019ll see this tail of stuff starting to come as we start a new bull market and generally things work that way.\u201d<\/p>\n\n\n\n
Pal is keeping his eye on one Ethereum competitor though. \u201cI think a lot of these layer ones this time around will be like ETH in the last cycle. They\u2019ll end up becoming very large dominant chains. Which ones? I don\u2019t really know. My bet is really on Solana, but it could be any of these.\" He added that he is \"watching them and waiting to see,\" tracking SOL\/ETH using a DeMark indicator.<\/p>\n\n\n\n
Pal also recommends listening to a broad base of opinions when doing research for the upcoming markets. \"You weigh them [varying opinions] yourself, how important is that to me?... Having people's opposite opinions, differences, and nuances, is really important for the macro scenario...Once you start listening to a lot of people you can start formulating your own opinions.\" <\/p>\n\n\n\n
He believes that you should follow what makes the most sense from your view - this added responsibility will likely form a better and stronger choice for yourself.<\/p>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n\n\n\n
\nhttps:\/\/www.youtube.com\/watch?v=H5j8mHKHScU\n<\/div>
Raoul Pal - Ask Me Anything<\/figcaption><\/figure>\n","post_title":"ETH Will Lead Charge Next Cycle Predicts Raoul Pal","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"eth-will-lead-charge-next-cycle-predicts-raoul-pal","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-misconceptions-with-the-ethereum-merge\/","post_modified":"2023-04-10 18:54:37","post_modified_gmt":"2023-04-10 08:54:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7229","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7153,"post_author":"1","post_date":"2022-09-19 20:57:39","post_date_gmt":"2022-09-19 10:57:39","post_content":"\n
Ethereum has just completed its merge<\/a> to a proof-of-stake<\/a> consensus from proof-of-work, could the primary source of validation bring in more institutional investors?<\/p>\n\n\n\n
\"They're [instiutional investors] looking for yield,\" said<\/a> FalconX CEO Raghu Yarlagadda in a recent interview with CoinDesk, \"with the ETH merge, the possibility of generating a sustainable, stable yield is interesting\" he added. <\/li><\/ul>\n\n\n\n
PoS is a consensus mechanism where transactions are validated through users staking their coins, in return for staking users will receive a small fee for playing their part. Currently, on Ethereum, this may yield users around 10-15% annually which makes it an alternative to typical bonds. <\/li><\/ul>\n\n\n\n
The reduced energy consumption could also make for a more eco-friendly investment in institutional eyes. Environmental, Social, and Governance (ESG) is a metric popular amongst various institutions, so Ethereum reducing its energy consumption by 99.95% and reducing<\/a> the world's energy consumption by 0.02% is a big plus.<\/li><\/ul>\n\n\n\n
Ethereum will also be more scarce now the merge has happened with annual issuance dropping ~90% to 600,000 per year and burning<\/a> of Ethereum transaction fees, along with staking taking even more Ethereum out of circulation.<\/li><\/ul>\n\n\n\n
Although it may attract institutional investors, using it in an institutional scene may not be the most efficient thing to do as of yet. Currently, Ethereum has 15 transactions per second (TP\/S) compared to VISA with ~1,700 and Solana at 2,300. The merge promises to make Ethereum more accessible which could bring scaling solutions to light that improve its lacking metrics.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Ethereum May Attract Institutional Investors \"Looking For Yield\"","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-may-attract-institutional-investors-looking-for-yield","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2023-04-10 18:54:55","post_modified_gmt":"2023-04-10 08:54:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7153","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7141,"post_author":"1","post_date":"2022-09-14 22:57:51","post_date_gmt":"2022-09-14 12:57:51","post_content":"\n
Do Kwon, co-founder of Terraform Labs has been issued an arrest warrant by a South Korean court in the wake of Terra Luna's collapse<\/a> earlier this year.<\/p>\n\n\n\n
A report<\/a> from South Korean news outlet Chosun Ilbo details that there were an additional 5 arrest warrants laid out. This includes Nicholas Platias, a founding member of Terraform Labs, and Han Mo, an employee. The charges being faced are for violating the Capital Markets Act. As prosecutors believe that Terra Luna falls under an \u201cinvestment contract security\u201d.<\/li><\/ul>\n\n\n\n
Although the warrant was issued by a South Korean court, key members of Terraform Labs including Kwon and the 5 other individuals are currently located in Singapore. As a result, the warrant is valid for the next year. This comes after South Korean authorities banned<\/a> Terra Luna's main designers from leaving the country.<\/li><\/ul>\n\n\n\n
After LUNA and sister stablecoin<\/a> UST collapsed earlier this year, investors were bought to outrage with a combined US$42B wiped out from the two coins alongside a 99.99% drop in price. In turn, investors were quick to sue Kwon and others for violating various laws and acts as rumors<\/a> were quick to spread in relation to the downfall.<\/li><\/ul>\n\n\n\n
See Related:<\/strong><\/em> War On Code \u2013 Tornado Cash Developer Alexey Pertsev Arrested<\/a><\/p>\n","post_title":"Terra's Do Kwon Wanted For Arrest By Seoul Court","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"terras-do-kwon-wanted-for-arrest-by-seoul-court","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-30 21:31:32","post_modified_gmt":"2023-04-30 11:31:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7141","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7107,"post_author":"1","post_date":"2022-09-12 21:36:27","post_date_gmt":"2022-09-12 11:36:27","post_content":"\n
Benjamin Cowen<\/a> is a well-regarded crypto analyst, using a historically accurate indicator he has found it likely that Bitcoin has hit its bottom or is very close to doing so.<\/p>\n\n\n\n
Cowen was recently featured<\/a> on Kitco News where he discussed his use of the metric. \"One of the interesting things about this chart is that historically, Bitcoin does not bottom until after they cross,\" he stated.<\/li><\/ul>\n\n\n\n
The indicator Cowen used is the Bitcoin Percentage Of Supply In Profit And Loss<\/a>. This indicates how many Bitcoins are at a profit or loss for their holders. Looking at the chart from a widened perspective Cowen shows how this metric has accompanied tops and bottoms over the long term.<\/li><\/ul>\n\n\n\n
Cowen added that they have recently just crossed each other and how the bottom typically occurs after they cross. \"When it comes up here, that\u2019s generally the time where you want to scale out when we\u2019re continuing to push those new all-time highs so to me this is an indicator that would suggest that if we did get another leg down there\u2019s a lot of evidence that could be the major bottom,\" he added.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bullish On Bitcoin, It\u2019s Trading At A Discount \u2013 Bloomberg Intelligence<\/a><\/p>\n\n\n\n
$\"Benjamin$
Benjamin Cowen Illustrating The Bitcoin Percentage Of Supply In Profit And Loss Metric Source: YouTube\/Kitco News<\/em><\/figcaption><\/figure>\n","post_title":"Bitcoins Bottom Is Likely In, Crypto Analyst Benjamin Cowen","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoins-bottom-is-likely-in-crypto-analyst-benjamin-cowen","to_ping":"","pinged":"","post_modified":"2023-04-11 00:07:43","post_modified_gmt":"2023-04-10 14:07:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7107","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7093,"post_author":"1","post_date":"2022-09-11 19:27:57","post_date_gmt":"2022-09-11 09:27:57","post_content":"\n
Mike McGlone is a senior strategist at Bloomberg Intelligence, has recently shared multiple on Twitter discussing various commodities and concerns related to the current state of markets worldwide.<\/p>\n\n\n\n
In one tweet McGlone outlined his September Crypto Outlook<\/a><\/em> where he believes that the world is leaning towards a recession in light of recent events including the tightening of interest rates by the Federal Reserve.<\/li><\/ul>\n\n\n\n
A key indicator that had encouraged the Fed's fight against inflation was the soar in energy prices. This pressured high-risk assets, namely cryptocurrencies, and once the dust settles from recent events crypto prices will start to \"bouy\" as \u201ccrude oil decline may fuel Bitcoin recovery.\u201d Reuters recently reported<\/a> that the Strategic Petroleum Reserve (SPR) fell to its lowest level in more than 35 years.<\/li><\/ul>\n\n\n\n
Price data from 2018-19 was compared to price data from today showing a similar benchmark where \"Bitcoin is at a discount within an elongated bull market.\"<\/li><\/ul>\n\n\n\n
$\""Too$
Bitcoin Price Data. Source: Bloomberg Intelligence<\/figcaption><\/figure>\n\n\n\n
In an interview<\/a> with Bell Media, McGlone believes that cryptocurrencies will continue to outperform traditional assets with declining volatility. He hints at being bullish on Bitcoin believing will put in a bottom at, or below $20,000 similar to 2018 and 2013 before going into an upward trajectory.<\/li><\/ul>\n\n\n\n
McGlone hinted at Ethereum becoming a large part of the financial system as the merge<\/a> approaches due to its ability to make tokenized assets<\/a> readily accessible to the public just like ETFs had done with traditional assets.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Will Return \u2013 Ruchir Sharma, The Chairman Of Rockefeller International<\/a><\/p>\n","post_title":"Bullish On Bitcoin, It's Trading At A Discount - Bloomberg Intelligence","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bullish-on-bitcoin-its-trading-at-a-discount-bloomberg-intelligence","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/ethereum-proof-of-stake-merge-set-for-mid-september\/\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/\nhttps:\/\/www.thedistributed.co\/bitcoin-will-return-ruchir-sharma-the-chairman-of-rockefeller-international\/","post_modified":"2023-04-11 00:07:57","post_modified_gmt":"2023-04-10 14:07:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7093","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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Binance Coin (BNB)

December 8, 2022 - Updated on January 15, 2023

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\n
BNB lives on the Binance Smart Chain<\/a> (BSC), an improved version of the original Binance Chain which added smart contract<\/a> functionality in 2020. BSC introduced the BEP-20 standard, which is used by a wide array of tokens.<\/p>\n\n\n\n
Binance Coin (BNB) Tokenomics<\/h2>\n\n\n\n
BNB has a \"strict\" limit of 200M tokens, never to be increased.((BNB Whitepaper - Binance Coin (BNB)<\/a>, Page 7)) These tokens were distributed as follows during its ICO; 50% of tokens (100M) for the ICO, 40% (80M) to the founding team, and 10% (20M) to angel investors.((BNB Whitepaper - Allocation<\/a>, Page 8)) The founding team receives 20% of their 80M tokens through a 4-year plan - 16M at ICO and 16M for 4 years following the ICO.<\/p>\n\n\n\n
Binance Coin is subject to an auto-burning<\/a> system that will eventually reduce the total supply to 100M. Binance uses 20% of its quarterly profits to buy back and burn BNB.<\/p>\n\n\n\n
Users can also stake BNB to receive interest on their tokens and vote on network changes. The BNB Beacon Chain is where governance of the network takes place and proposals are submitted. Voting power is decided based on the size of a user's stake of BNB.<\/p>\n\n\n\n
Is Binance Coin (BNB) A Safe Investment?<\/h2>\n\n\n\n
The safety of an investment in Binance Coin (BNB) depends on several factors, including the overall stability of the cryptocurrency market and the performance of the Binance exchange platform. As with any investment, it's important to consider the potential risks and rewards before deciding. Investing in BNB or any other cryptocurrency carries a high degree of risk, and it's possible that you could lose some or all of your investment. <\/p>\n\n\n\n
Even the biggest exchanges such as FTX<\/a> are victims of bankruptcy and other factors which may put your funds at risk. Therefore, it is vital to thoroughly research any investment, cryptocurrency or not, prior to making a decision and only investing what you can afford to lose. <\/p>\n\n\n\n
Is BNB A Good Long-Term Investment?<\/h2>\n\n\n\n
The long-term potential of Binance Coin (BNB) as an investment will depend on a number of factors, including the overall performance of the Binance exchange, which depends on the overall health of the cryptocurrency markets. BNB is a well-established token with a well-established exchange, with a strong track record, and a large and active user base, which can provide investors with confidence in the long-term prospects of the token.<\/p>\n\n\n\n
Binance Coin (BNB) Frequently Asked Questions<\/h2>\n\n\n\n
Is Binance Coin A Stablecoin?<\/h3>\n\n\n\n
Binance Coin (BNB) is not a stablecoin, although there is a Binance USD stablecoin<\/a> (BUSD) which is pegged 1:1 with the US Dollar.<\/p>\n\n\n\n
What If I Lose My BNB?<\/h3>\n\n\n\n
In eligible cases such as certain lost token scenarios or \"honest mistakes\", Binance may reimburse the user for their lost coins. They do this alongside their burning mechanism, where they will count the lost coins as burnt and credit the user BNB.((Binance - Binance Introduces the BNB Pioneer Burn Program, Adjusts BNB Token Burn Mechanics<\/a>))<\/p>\n","post_title":"Binance Coin (BNB)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-coin-bnb","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/smart-contracts\/\nhttps:\/\/www.thedistributed.co\/cryptocurrency-burning\/\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-01-15 15:44:02","post_modified_gmt":"2023-01-15 04:44:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8715","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7530,"post_author":"1","post_date":"2022-10-08 00:21:45","post_date_gmt":"2022-10-07 13:21:45","post_content":"\n
Web3 startup Thallo announced<\/a> a partnership with Ripple Labs, the developers behind XRP, and 22 other partners to launch a blockchain-based carbon credit marketplace.<\/p>\n\n\n\n
Carbon credits are given to companies and define how much emissions they're allowed to put out, which can be traded between companies. Thallo aims to solve liquidity and pricing problems within the current carbon credit marketplace.<\/li><\/ul>\n\n\n\n
\u201cAs the demand for carbon credits intensifies, blockchain and crypto technology is uniquely positioned to help support market growth by solving persistent challenges around transparency, traceability and verification,\u201d says Ken Weber a senior VP for Ripple's social impact and sustainability sector in Thallos announcement.<\/li><\/ul>\n\n\n\n
\"By leveraging Ripple\u2019s enterprise readiness and carbon neutral XRPL\u2019s reliability at scale, Thallo is democratizing access to verified carbon credits for both institutional and retail investors to help offset their carbon footprints in a way that satisfies their key stakeholders,\" added Weber.<\/li><\/ul>\n\n\n\n
See Related: <\/strong><\/em>Ripple vs. SEC: How The Outcome Can Affect The Cryptocurrency Market<\/a><\/p>\n\n\n\n
Thallo's Carbon Neutral Team<\/h2>\n\n\n\n
In the announcement, Thallo defined their team as experts in climate and sustainability as well as web3. Alongside Thallo, the 23 partners split into three sectors. The Founding Partners<\/em> include Ripple Labs and Climate Collective to support the development of the platform.<\/li><\/ul>\n\n\n\n
The second sector is the Integrity Partners<\/em> which are academic instiutions, non-profits, and associations which aim to scale carbon markets with integrity such as Carbon Business Council and Crypto Climate Accord.<\/li><\/ul>\n\n\n\n
Finally, the largest sector with 14 companies, the Innovation Partners<\/em>, are the companies that develop the key aspects of the marketplace including Chainlink, Celo Foundation and Filecoin Green.<\/li><\/ul>\n\n\n\nSee Related:<\/em><\/strong> Crypto Mining Is a Threat To The U.S. Climate Commitments And Goals, White House Appraised<\/a><\/p>\n","post_title":"Ripple Labs Partner With Thallo To Develop Carbon Credit Marketplace","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-labs-partner-with-thallo-to-develop-carbon-credit-marketplace","to_ping":"","pinged":"","post_modified":"2022-10-08 00:24:06","post_modified_gmt":"2022-10-07 13:24:06","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7530","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7480,"post_author":"1","post_date":"2022-10-02 00:26:44","post_date_gmt":"2022-10-01 14:26:44","post_content":"\n
David Rubenstein, the billionaire co-founder\/chairman of The Carlyle Group was interviewed by fellow billionaire Ken Griffin to discuss<\/a> his view on crypto assets.<\/p>\n\n\n\n
Rubenstein, although not an investor in cryptocurrencies directly has been indirectly investing in them through companies that service the industry. \u201cI have not invested in cryptocurrencies. But I have invested in my family office through companies that service the industry,\" he states.<\/li><\/ul>\n\n\n\n
Although Rubenstein believes \"the industry is not going away anytime soon,\" he states that \"I can\u2019t pick which of the 18,000 cryptocurrencies are going to work. But I think the industry is not going away,\" as there are countless investors who've increasingly lobbied congress to prevent over-regulation.<\/li><\/ul>\n\n\n\n
Griffin asked \"What do you think about cryptocurrencies,\" Rubenstein responded that \"if it gives you pleasure to do the gambling allocate enough money that you can afford to lose, with crypto that was my view for some time...I now think that crypto is not going to go away the way some people have thought and while you can argue it's worthless in some respects, many things that people buy are maybe worthless.\"<\/li><\/ul>\n\n\n\n
The billionaire also believes that the reason so many people want to invest in crypto assets is to take some of the power away that the government and authorities have. \"They tend to be liking this thing that's anti-government, they want to have some of their assets and things that the government can't control or know what they're doing.\"<\/li><\/ul>\n\n\n\n
See Related: <\/em><\/strong>Bitcoins Bottom Is Likely In, Crypto Analyst Benjamin Cowen<\/a><\/p>\n\n\n\n
\nhttps:\/\/www.youtube.com\/watch?v=R-RHmKx9xTY\n<\/div><\/figure>\n","post_title":"Crypto Is Not Going Away, Billionaire David Rubenstein","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"crypto-is-not-going-away-billionaire-david-rubenstein","to_ping":"","pinged":"","post_modified":"2022-10-03 16:02:18","post_modified_gmt":"2022-10-03 05:02:18","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7480","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7348,"post_author":"1","post_date":"2022-09-25 00:12:26","post_date_gmt":"2022-09-24 14:12:26","post_content":"\n
Ethereum recently merged its proof-of-work (PoW) blockchain with its proof-of-stake (PoS) blockchain which reduced its energy consumption by 99.95% and made the network more scalable for future projects.<\/p>\n\n\n\n
At the recent Mainnet event, Ethereum co-founder Vitalik Buterin<\/a> was questioned<\/a> about PoS<\/a> as a consensus model. \"Should all networks move to PoS?\" Ryan Selkis<\/a> asked, Buterin replied that \"As PoS matures I would expect it to increase in legitimacy over time. I hope Zcash moves over and I am hopeful Dogecoin moves to PoS soon.\"<\/li><\/ul>\n\n\n\n
Zcash is a blockchain that focused heavily on user privacy with the company behind Zcash already detailing<\/a> how the privacy coin would transition to PoS. This may not be as simple due to the heavy decentralization of the network, comparing it to its launch<\/a> which had 6 pseudonymous identities all with a portion of the network's private key.<\/li><\/ul>\n\n\n\n
On the other hand, Dogecoin is a cryptocurrency that has grown heavily in popularity over the past few years despite launching to mock cryptocurrencies. Dogecoin is now commonly accepted by vendors and its developers have expressed interest in a PoS chain.<\/li><\/ul>\n\n\n\n
ZCash is currently trading at $57.59 and is the 54th largest token<\/a> by market cap. Dogecoin is currently trading at $0.066 and is the 10th largest token by ma<\/a>r<\/a>ket cap<\/a>.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Hopeful That ZCash And Dogecoin Move To PoS - Vitalik Buterin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hopeful-that-zcash-and-dogecoin-move-to-pos-vitalik-buterin","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/proof-of-stake\/\nhttps:\/\/www.thedistributed.co\/whistleblower-edward-snowden-played-a-key-role-in-the-creation-of-zcash\/","post_modified":"2023-04-30 21:30:23","post_modified_gmt":"2023-04-30 11:30:23","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7348","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7259,"post_author":"1","post_date":"2022-09-21 21:11:23","post_date_gmt":"2022-09-21 11:11:23","post_content":"\n
Katherine Polk Failla, a New York judge, has ordered<\/a> Tether to reveal the financial documents that prove its backing of the stable<\/a>c<\/a>oin<\/a>.<\/p>\n\n\n\n
Tether is required to provide the United States District Court for the Southern District of New York with \u201cgeneral ledgers, balance sheets, income statements, cash-flow statements, and profit and loss statements.\" The lawsuit alleges that Tether had conspired to artificially inflate the price of Bitcoin through a USDT campaign.<\/li><\/ul>\n\n\n\n
Tether has avoided providing these documents as they are \"sensitive\", although Failla justified the plaintiffs require the documents \"to asses the backing of USDT with US dollars...The documents sought in the transactions RFPs appear to go to one of Plaintiffs\u2019 core allegations: that the B\/T Defendants engaged in cyptocommodities transactions using unbacked USDT, and that those transactions \u201cwere strategically timed to inflate the market.\u2019\u201d<\/li><\/ul>\n\n\n\n
Tether is also required to cough up accounts and details related to accounts held with Bitfiniex, Bittrex, and Poloniex as apart of a case<\/a> against iFinex started in 2019 - the company behind Bitfinex and Tether.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Tethers Peso-Backed Stablecoin MXNT Launches In Mexico<\/a><\/p>\n","post_title":"Tether Ordered To Reveal USDTs Exact Backings","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tether-ordered-to-reveal-usdts-exact-backings","to_ping":"","pinged":"","post_modified":"2023-04-10 18:53:49","post_modified_gmt":"2023-04-10 08:53:49","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7259","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7229,"post_author":"1","post_date":"2022-09-20 22:22:55","post_date_gmt":"2022-09-20 12:22:55","post_content":"\n
Raoul Pal, a former executive at Goldman Sachs and macro expert believes that Ethereum could lead markets in the next bull cycle.<\/p>\n\n\n\n
Pal recently hosted<\/a> an ask me anything (AMA). Amongst various different questions, Pal predicted that \u201cas adoption keeps building, a lot of adoption spills outside of ETH into the Solana, Avalanche, and a bunch of other protocols as well.\" He added that \"we\u2019re going to see ETH lead the charge, and then we\u2019ll see this tail of stuff starting to come as we start a new bull market and generally things work that way.\u201d<\/p>\n\n\n\n
Pal is keeping his eye on one Ethereum competitor though. \u201cI think a lot of these layer ones this time around will be like ETH in the last cycle. They\u2019ll end up becoming very large dominant chains. Which ones? I don\u2019t really know. My bet is really on Solana, but it could be any of these.\" He added that he is \"watching them and waiting to see,\" tracking SOL\/ETH using a DeMark indicator.<\/p>\n\n\n\n
Pal also recommends listening to a broad base of opinions when doing research for the upcoming markets. \"You weigh them [varying opinions] yourself, how important is that to me?... Having people's opposite opinions, differences, and nuances, is really important for the macro scenario...Once you start listening to a lot of people you can start formulating your own opinions.\" <\/p>\n\n\n\n
He believes that you should follow what makes the most sense from your view - this added responsibility will likely form a better and stronger choice for yourself.<\/p>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n\n\n\n
\nhttps:\/\/www.youtube.com\/watch?v=H5j8mHKHScU\n<\/div>
Raoul Pal - Ask Me Anything<\/figcaption><\/figure>\n","post_title":"ETH Will Lead Charge Next Cycle Predicts Raoul Pal","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"eth-will-lead-charge-next-cycle-predicts-raoul-pal","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-misconceptions-with-the-ethereum-merge\/","post_modified":"2023-04-10 18:54:37","post_modified_gmt":"2023-04-10 08:54:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7229","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7153,"post_author":"1","post_date":"2022-09-19 20:57:39","post_date_gmt":"2022-09-19 10:57:39","post_content":"\n
Ethereum has just completed its merge<\/a> to a proof-of-stake<\/a> consensus from proof-of-work, could the primary source of validation bring in more institutional investors?<\/p>\n\n\n\n
\"They're [instiutional investors] looking for yield,\" said<\/a> FalconX CEO Raghu Yarlagadda in a recent interview with CoinDesk, \"with the ETH merge, the possibility of generating a sustainable, stable yield is interesting\" he added. <\/li><\/ul>\n\n\n\n
PoS is a consensus mechanism where transactions are validated through users staking their coins, in return for staking users will receive a small fee for playing their part. Currently, on Ethereum, this may yield users around 10-15% annually which makes it an alternative to typical bonds. <\/li><\/ul>\n\n\n\n
The reduced energy consumption could also make for a more eco-friendly investment in institutional eyes. Environmental, Social, and Governance (ESG) is a metric popular amongst various institutions, so Ethereum reducing its energy consumption by 99.95% and reducing<\/a> the world's energy consumption by 0.02% is a big plus.<\/li><\/ul>\n\n\n\n
Ethereum will also be more scarce now the merge has happened with annual issuance dropping ~90% to 600,000 per year and burning<\/a> of Ethereum transaction fees, along with staking taking even more Ethereum out of circulation.<\/li><\/ul>\n\n\n\n
Although it may attract institutional investors, using it in an institutional scene may not be the most efficient thing to do as of yet. Currently, Ethereum has 15 transactions per second (TP\/S) compared to VISA with ~1,700 and Solana at 2,300. The merge promises to make Ethereum more accessible which could bring scaling solutions to light that improve its lacking metrics.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Ethereum May Attract Institutional Investors \"Looking For Yield\"","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-may-attract-institutional-investors-looking-for-yield","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2023-04-10 18:54:55","post_modified_gmt":"2023-04-10 08:54:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7153","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7141,"post_author":"1","post_date":"2022-09-14 22:57:51","post_date_gmt":"2022-09-14 12:57:51","post_content":"\n
Do Kwon, co-founder of Terraform Labs has been issued an arrest warrant by a South Korean court in the wake of Terra Luna's collapse<\/a> earlier this year.<\/p>\n\n\n\n
A report<\/a> from South Korean news outlet Chosun Ilbo details that there were an additional 5 arrest warrants laid out. This includes Nicholas Platias, a founding member of Terraform Labs, and Han Mo, an employee. The charges being faced are for violating the Capital Markets Act. As prosecutors believe that Terra Luna falls under an \u201cinvestment contract security\u201d.<\/li><\/ul>\n\n\n\n
Although the warrant was issued by a South Korean court, key members of Terraform Labs including Kwon and the 5 other individuals are currently located in Singapore. As a result, the warrant is valid for the next year. This comes after South Korean authorities banned<\/a> Terra Luna's main designers from leaving the country.<\/li><\/ul>\n\n\n\n
After LUNA and sister stablecoin<\/a> UST collapsed earlier this year, investors were bought to outrage with a combined US$42B wiped out from the two coins alongside a 99.99% drop in price. In turn, investors were quick to sue Kwon and others for violating various laws and acts as rumors<\/a> were quick to spread in relation to the downfall.<\/li><\/ul>\n\n\n\n
See Related:<\/strong><\/em> War On Code \u2013 Tornado Cash Developer Alexey Pertsev Arrested<\/a><\/p>\n","post_title":"Terra's Do Kwon Wanted For Arrest By Seoul Court","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"terras-do-kwon-wanted-for-arrest-by-seoul-court","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-30 21:31:32","post_modified_gmt":"2023-04-30 11:31:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7141","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7107,"post_author":"1","post_date":"2022-09-12 21:36:27","post_date_gmt":"2022-09-12 11:36:27","post_content":"\n
Benjamin Cowen<\/a> is a well-regarded crypto analyst, using a historically accurate indicator he has found it likely that Bitcoin has hit its bottom or is very close to doing so.<\/p>\n\n\n\n
Cowen was recently featured<\/a> on Kitco News where he discussed his use of the metric. \"One of the interesting things about this chart is that historically, Bitcoin does not bottom until after they cross,\" he stated.<\/li><\/ul>\n\n\n\n
The indicator Cowen used is the Bitcoin Percentage Of Supply In Profit And Loss<\/a>. This indicates how many Bitcoins are at a profit or loss for their holders. Looking at the chart from a widened perspective Cowen shows how this metric has accompanied tops and bottoms over the long term.<\/li><\/ul>\n\n\n\n
Cowen added that they have recently just crossed each other and how the bottom typically occurs after they cross. \"When it comes up here, that\u2019s generally the time where you want to scale out when we\u2019re continuing to push those new all-time highs so to me this is an indicator that would suggest that if we did get another leg down there\u2019s a lot of evidence that could be the major bottom,\" he added.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bullish On Bitcoin, It\u2019s Trading At A Discount \u2013 Bloomberg Intelligence<\/a><\/p>\n\n\n\n
$\"Benjamin$
Benjamin Cowen Illustrating The Bitcoin Percentage Of Supply In Profit And Loss Metric Source: YouTube\/Kitco News<\/em><\/figcaption><\/figure>\n","post_title":"Bitcoins Bottom Is Likely In, Crypto Analyst Benjamin Cowen","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoins-bottom-is-likely-in-crypto-analyst-benjamin-cowen","to_ping":"","pinged":"","post_modified":"2023-04-11 00:07:43","post_modified_gmt":"2023-04-10 14:07:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7107","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7093,"post_author":"1","post_date":"2022-09-11 19:27:57","post_date_gmt":"2022-09-11 09:27:57","post_content":"\n
Mike McGlone is a senior strategist at Bloomberg Intelligence, has recently shared multiple on Twitter discussing various commodities and concerns related to the current state of markets worldwide.<\/p>\n\n\n\n
In one tweet McGlone outlined his September Crypto Outlook<\/a><\/em> where he believes that the world is leaning towards a recession in light of recent events including the tightening of interest rates by the Federal Reserve.<\/li><\/ul>\n\n\n\n
A key indicator that had encouraged the Fed's fight against inflation was the soar in energy prices. This pressured high-risk assets, namely cryptocurrencies, and once the dust settles from recent events crypto prices will start to \"bouy\" as \u201ccrude oil decline may fuel Bitcoin recovery.\u201d Reuters recently reported<\/a> that the Strategic Petroleum Reserve (SPR) fell to its lowest level in more than 35 years.<\/li><\/ul>\n\n\n\n
Price data from 2018-19 was compared to price data from today showing a similar benchmark where \"Bitcoin is at a discount within an elongated bull market.\"<\/li><\/ul>\n\n\n\n
$\""Too$
Bitcoin Price Data. Source: Bloomberg Intelligence<\/figcaption><\/figure>\n\n\n\n
In an interview<\/a> with Bell Media, McGlone believes that cryptocurrencies will continue to outperform traditional assets with declining volatility. He hints at being bullish on Bitcoin believing will put in a bottom at, or below $20,000 similar to 2018 and 2013 before going into an upward trajectory.<\/li><\/ul>\n\n\n\n
McGlone hinted at Ethereum becoming a large part of the financial system as the merge<\/a> approaches due to its ability to make tokenized assets<\/a> readily accessible to the public just like ETFs had done with traditional assets.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Will Return \u2013 Ruchir Sharma, The Chairman Of Rockefeller International<\/a><\/p>\n","post_title":"Bullish On Bitcoin, It's Trading At A Discount - Bloomberg Intelligence","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bullish-on-bitcoin-its-trading-at-a-discount-bloomberg-intelligence","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/ethereum-proof-of-stake-merge-set-for-mid-september\/\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/\nhttps:\/\/www.thedistributed.co\/bitcoin-will-return-ruchir-sharma-the-chairman-of-rockefeller-international\/","post_modified":"2023-04-11 00:07:57","post_modified_gmt":"2023-04-10 14:07:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7093","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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Binance Coin (BNB)

December 8, 2022 - Updated on January 15, 2023

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\n
BNB can also be used to pay for goods and services on the Binance platform and on third-party platforms that accept it as a form of payment such as Nexo which allows users to take a loan out in BNB and Loom which allows users to book accommodations with BNB.<\/p>\n\n\n\n
BNB lives on the Binance Smart Chain<\/a> (BSC), an improved version of the original Binance Chain which added smart contract<\/a> functionality in 2020. BSC introduced the BEP-20 standard, which is used by a wide array of tokens.<\/p>\n\n\n\n
Binance Coin (BNB) Tokenomics<\/h2>\n\n\n\n
BNB has a \"strict\" limit of 200M tokens, never to be increased.((BNB Whitepaper - Binance Coin (BNB)<\/a>, Page 7)) These tokens were distributed as follows during its ICO; 50% of tokens (100M) for the ICO, 40% (80M) to the founding team, and 10% (20M) to angel investors.((BNB Whitepaper - Allocation<\/a>, Page 8)) The founding team receives 20% of their 80M tokens through a 4-year plan - 16M at ICO and 16M for 4 years following the ICO.<\/p>\n\n\n\n
Binance Coin is subject to an auto-burning<\/a> system that will eventually reduce the total supply to 100M. Binance uses 20% of its quarterly profits to buy back and burn BNB.<\/p>\n\n\n\n
Users can also stake BNB to receive interest on their tokens and vote on network changes. The BNB Beacon Chain is where governance of the network takes place and proposals are submitted. Voting power is decided based on the size of a user's stake of BNB.<\/p>\n\n\n\n
Is Binance Coin (BNB) A Safe Investment?<\/h2>\n\n\n\n
The safety of an investment in Binance Coin (BNB) depends on several factors, including the overall stability of the cryptocurrency market and the performance of the Binance exchange platform. As with any investment, it's important to consider the potential risks and rewards before deciding. Investing in BNB or any other cryptocurrency carries a high degree of risk, and it's possible that you could lose some or all of your investment. <\/p>\n\n\n\n
Even the biggest exchanges such as FTX<\/a> are victims of bankruptcy and other factors which may put your funds at risk. Therefore, it is vital to thoroughly research any investment, cryptocurrency or not, prior to making a decision and only investing what you can afford to lose. <\/p>\n\n\n\n
Is BNB A Good Long-Term Investment?<\/h2>\n\n\n\n
The long-term potential of Binance Coin (BNB) as an investment will depend on a number of factors, including the overall performance of the Binance exchange, which depends on the overall health of the cryptocurrency markets. BNB is a well-established token with a well-established exchange, with a strong track record, and a large and active user base, which can provide investors with confidence in the long-term prospects of the token.<\/p>\n\n\n\n
Binance Coin (BNB) Frequently Asked Questions<\/h2>\n\n\n\n
Is Binance Coin A Stablecoin?<\/h3>\n\n\n\n
Binance Coin (BNB) is not a stablecoin, although there is a Binance USD stablecoin<\/a> (BUSD) which is pegged 1:1 with the US Dollar.<\/p>\n\n\n\n
What If I Lose My BNB?<\/h3>\n\n\n\n
In eligible cases such as certain lost token scenarios or \"honest mistakes\", Binance may reimburse the user for their lost coins. They do this alongside their burning mechanism, where they will count the lost coins as burnt and credit the user BNB.((Binance - Binance Introduces the BNB Pioneer Burn Program, Adjusts BNB Token Burn Mechanics<\/a>))<\/p>\n","post_title":"Binance Coin (BNB)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-coin-bnb","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/smart-contracts\/\nhttps:\/\/www.thedistributed.co\/cryptocurrency-burning\/\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-01-15 15:44:02","post_modified_gmt":"2023-01-15 04:44:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8715","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7530,"post_author":"1","post_date":"2022-10-08 00:21:45","post_date_gmt":"2022-10-07 13:21:45","post_content":"\n
Web3 startup Thallo announced<\/a> a partnership with Ripple Labs, the developers behind XRP, and 22 other partners to launch a blockchain-based carbon credit marketplace.<\/p>\n\n\n\n
Carbon credits are given to companies and define how much emissions they're allowed to put out, which can be traded between companies. Thallo aims to solve liquidity and pricing problems within the current carbon credit marketplace.<\/li><\/ul>\n\n\n\n
\u201cAs the demand for carbon credits intensifies, blockchain and crypto technology is uniquely positioned to help support market growth by solving persistent challenges around transparency, traceability and verification,\u201d says Ken Weber a senior VP for Ripple's social impact and sustainability sector in Thallos announcement.<\/li><\/ul>\n\n\n\n
\"By leveraging Ripple\u2019s enterprise readiness and carbon neutral XRPL\u2019s reliability at scale, Thallo is democratizing access to verified carbon credits for both institutional and retail investors to help offset their carbon footprints in a way that satisfies their key stakeholders,\" added Weber.<\/li><\/ul>\n\n\n\n
See Related: <\/strong><\/em>Ripple vs. SEC: How The Outcome Can Affect The Cryptocurrency Market<\/a><\/p>\n\n\n\n
Thallo's Carbon Neutral Team<\/h2>\n\n\n\n
In the announcement, Thallo defined their team as experts in climate and sustainability as well as web3. Alongside Thallo, the 23 partners split into three sectors. The Founding Partners<\/em> include Ripple Labs and Climate Collective to support the development of the platform.<\/li><\/ul>\n\n\n\n
The second sector is the Integrity Partners<\/em> which are academic instiutions, non-profits, and associations which aim to scale carbon markets with integrity such as Carbon Business Council and Crypto Climate Accord.<\/li><\/ul>\n\n\n\n
Finally, the largest sector with 14 companies, the Innovation Partners<\/em>, are the companies that develop the key aspects of the marketplace including Chainlink, Celo Foundation and Filecoin Green.<\/li><\/ul>\n\n\n\nSee Related:<\/em><\/strong> Crypto Mining Is a Threat To The U.S. Climate Commitments And Goals, White House Appraised<\/a><\/p>\n","post_title":"Ripple Labs Partner With Thallo To Develop Carbon Credit Marketplace","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-labs-partner-with-thallo-to-develop-carbon-credit-marketplace","to_ping":"","pinged":"","post_modified":"2022-10-08 00:24:06","post_modified_gmt":"2022-10-07 13:24:06","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7530","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7480,"post_author":"1","post_date":"2022-10-02 00:26:44","post_date_gmt":"2022-10-01 14:26:44","post_content":"\n
David Rubenstein, the billionaire co-founder\/chairman of The Carlyle Group was interviewed by fellow billionaire Ken Griffin to discuss<\/a> his view on crypto assets.<\/p>\n\n\n\n
Rubenstein, although not an investor in cryptocurrencies directly has been indirectly investing in them through companies that service the industry. \u201cI have not invested in cryptocurrencies. But I have invested in my family office through companies that service the industry,\" he states.<\/li><\/ul>\n\n\n\n
Although Rubenstein believes \"the industry is not going away anytime soon,\" he states that \"I can\u2019t pick which of the 18,000 cryptocurrencies are going to work. But I think the industry is not going away,\" as there are countless investors who've increasingly lobbied congress to prevent over-regulation.<\/li><\/ul>\n\n\n\n
Griffin asked \"What do you think about cryptocurrencies,\" Rubenstein responded that \"if it gives you pleasure to do the gambling allocate enough money that you can afford to lose, with crypto that was my view for some time...I now think that crypto is not going to go away the way some people have thought and while you can argue it's worthless in some respects, many things that people buy are maybe worthless.\"<\/li><\/ul>\n\n\n\n
The billionaire also believes that the reason so many people want to invest in crypto assets is to take some of the power away that the government and authorities have. \"They tend to be liking this thing that's anti-government, they want to have some of their assets and things that the government can't control or know what they're doing.\"<\/li><\/ul>\n\n\n\n
See Related: <\/em><\/strong>Bitcoins Bottom Is Likely In, Crypto Analyst Benjamin Cowen<\/a><\/p>\n\n\n\n
\nhttps:\/\/www.youtube.com\/watch?v=R-RHmKx9xTY\n<\/div><\/figure>\n","post_title":"Crypto Is Not Going Away, Billionaire David Rubenstein","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"crypto-is-not-going-away-billionaire-david-rubenstein","to_ping":"","pinged":"","post_modified":"2022-10-03 16:02:18","post_modified_gmt":"2022-10-03 05:02:18","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7480","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7348,"post_author":"1","post_date":"2022-09-25 00:12:26","post_date_gmt":"2022-09-24 14:12:26","post_content":"\n
Ethereum recently merged its proof-of-work (PoW) blockchain with its proof-of-stake (PoS) blockchain which reduced its energy consumption by 99.95% and made the network more scalable for future projects.<\/p>\n\n\n\n
At the recent Mainnet event, Ethereum co-founder Vitalik Buterin<\/a> was questioned<\/a> about PoS<\/a> as a consensus model. \"Should all networks move to PoS?\" Ryan Selkis<\/a> asked, Buterin replied that \"As PoS matures I would expect it to increase in legitimacy over time. I hope Zcash moves over and I am hopeful Dogecoin moves to PoS soon.\"<\/li><\/ul>\n\n\n\n
Zcash is a blockchain that focused heavily on user privacy with the company behind Zcash already detailing<\/a> how the privacy coin would transition to PoS. This may not be as simple due to the heavy decentralization of the network, comparing it to its launch<\/a> which had 6 pseudonymous identities all with a portion of the network's private key.<\/li><\/ul>\n\n\n\n
On the other hand, Dogecoin is a cryptocurrency that has grown heavily in popularity over the past few years despite launching to mock cryptocurrencies. Dogecoin is now commonly accepted by vendors and its developers have expressed interest in a PoS chain.<\/li><\/ul>\n\n\n\n
ZCash is currently trading at $57.59 and is the 54th largest token<\/a> by market cap. Dogecoin is currently trading at $0.066 and is the 10th largest token by ma<\/a>r<\/a>ket cap<\/a>.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Hopeful That ZCash And Dogecoin Move To PoS - Vitalik Buterin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hopeful-that-zcash-and-dogecoin-move-to-pos-vitalik-buterin","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/proof-of-stake\/\nhttps:\/\/www.thedistributed.co\/whistleblower-edward-snowden-played-a-key-role-in-the-creation-of-zcash\/","post_modified":"2023-04-30 21:30:23","post_modified_gmt":"2023-04-30 11:30:23","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7348","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7259,"post_author":"1","post_date":"2022-09-21 21:11:23","post_date_gmt":"2022-09-21 11:11:23","post_content":"\n
Katherine Polk Failla, a New York judge, has ordered<\/a> Tether to reveal the financial documents that prove its backing of the stable<\/a>c<\/a>oin<\/a>.<\/p>\n\n\n\n
Tether is required to provide the United States District Court for the Southern District of New York with \u201cgeneral ledgers, balance sheets, income statements, cash-flow statements, and profit and loss statements.\" The lawsuit alleges that Tether had conspired to artificially inflate the price of Bitcoin through a USDT campaign.<\/li><\/ul>\n\n\n\n
Tether has avoided providing these documents as they are \"sensitive\", although Failla justified the plaintiffs require the documents \"to asses the backing of USDT with US dollars...The documents sought in the transactions RFPs appear to go to one of Plaintiffs\u2019 core allegations: that the B\/T Defendants engaged in cyptocommodities transactions using unbacked USDT, and that those transactions \u201cwere strategically timed to inflate the market.\u2019\u201d<\/li><\/ul>\n\n\n\n
Tether is also required to cough up accounts and details related to accounts held with Bitfiniex, Bittrex, and Poloniex as apart of a case<\/a> against iFinex started in 2019 - the company behind Bitfinex and Tether.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Tethers Peso-Backed Stablecoin MXNT Launches In Mexico<\/a><\/p>\n","post_title":"Tether Ordered To Reveal USDTs Exact Backings","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tether-ordered-to-reveal-usdts-exact-backings","to_ping":"","pinged":"","post_modified":"2023-04-10 18:53:49","post_modified_gmt":"2023-04-10 08:53:49","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7259","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7229,"post_author":"1","post_date":"2022-09-20 22:22:55","post_date_gmt":"2022-09-20 12:22:55","post_content":"\n
Raoul Pal, a former executive at Goldman Sachs and macro expert believes that Ethereum could lead markets in the next bull cycle.<\/p>\n\n\n\n
Pal recently hosted<\/a> an ask me anything (AMA). Amongst various different questions, Pal predicted that \u201cas adoption keeps building, a lot of adoption spills outside of ETH into the Solana, Avalanche, and a bunch of other protocols as well.\" He added that \"we\u2019re going to see ETH lead the charge, and then we\u2019ll see this tail of stuff starting to come as we start a new bull market and generally things work that way.\u201d<\/p>\n\n\n\n
Pal is keeping his eye on one Ethereum competitor though. \u201cI think a lot of these layer ones this time around will be like ETH in the last cycle. They\u2019ll end up becoming very large dominant chains. Which ones? I don\u2019t really know. My bet is really on Solana, but it could be any of these.\" He added that he is \"watching them and waiting to see,\" tracking SOL\/ETH using a DeMark indicator.<\/p>\n\n\n\n
Pal also recommends listening to a broad base of opinions when doing research for the upcoming markets. \"You weigh them [varying opinions] yourself, how important is that to me?... Having people's opposite opinions, differences, and nuances, is really important for the macro scenario...Once you start listening to a lot of people you can start formulating your own opinions.\" <\/p>\n\n\n\n
He believes that you should follow what makes the most sense from your view - this added responsibility will likely form a better and stronger choice for yourself.<\/p>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n\n\n\n
\nhttps:\/\/www.youtube.com\/watch?v=H5j8mHKHScU\n<\/div>
Raoul Pal - Ask Me Anything<\/figcaption><\/figure>\n","post_title":"ETH Will Lead Charge Next Cycle Predicts Raoul Pal","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"eth-will-lead-charge-next-cycle-predicts-raoul-pal","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-misconceptions-with-the-ethereum-merge\/","post_modified":"2023-04-10 18:54:37","post_modified_gmt":"2023-04-10 08:54:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7229","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7153,"post_author":"1","post_date":"2022-09-19 20:57:39","post_date_gmt":"2022-09-19 10:57:39","post_content":"\n
Ethereum has just completed its merge<\/a> to a proof-of-stake<\/a> consensus from proof-of-work, could the primary source of validation bring in more institutional investors?<\/p>\n\n\n\n
\"They're [instiutional investors] looking for yield,\" said<\/a> FalconX CEO Raghu Yarlagadda in a recent interview with CoinDesk, \"with the ETH merge, the possibility of generating a sustainable, stable yield is interesting\" he added. <\/li><\/ul>\n\n\n\n
PoS is a consensus mechanism where transactions are validated through users staking their coins, in return for staking users will receive a small fee for playing their part. Currently, on Ethereum, this may yield users around 10-15% annually which makes it an alternative to typical bonds. <\/li><\/ul>\n\n\n\n
The reduced energy consumption could also make for a more eco-friendly investment in institutional eyes. Environmental, Social, and Governance (ESG) is a metric popular amongst various institutions, so Ethereum reducing its energy consumption by 99.95% and reducing<\/a> the world's energy consumption by 0.02% is a big plus.<\/li><\/ul>\n\n\n\n
Ethereum will also be more scarce now the merge has happened with annual issuance dropping ~90% to 600,000 per year and burning<\/a> of Ethereum transaction fees, along with staking taking even more Ethereum out of circulation.<\/li><\/ul>\n\n\n\n
Although it may attract institutional investors, using it in an institutional scene may not be the most efficient thing to do as of yet. Currently, Ethereum has 15 transactions per second (TP\/S) compared to VISA with ~1,700 and Solana at 2,300. The merge promises to make Ethereum more accessible which could bring scaling solutions to light that improve its lacking metrics.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Ethereum May Attract Institutional Investors \"Looking For Yield\"","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-may-attract-institutional-investors-looking-for-yield","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2023-04-10 18:54:55","post_modified_gmt":"2023-04-10 08:54:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7153","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7141,"post_author":"1","post_date":"2022-09-14 22:57:51","post_date_gmt":"2022-09-14 12:57:51","post_content":"\n
Do Kwon, co-founder of Terraform Labs has been issued an arrest warrant by a South Korean court in the wake of Terra Luna's collapse<\/a> earlier this year.<\/p>\n\n\n\n
A report<\/a> from South Korean news outlet Chosun Ilbo details that there were an additional 5 arrest warrants laid out. This includes Nicholas Platias, a founding member of Terraform Labs, and Han Mo, an employee. The charges being faced are for violating the Capital Markets Act. As prosecutors believe that Terra Luna falls under an \u201cinvestment contract security\u201d.<\/li><\/ul>\n\n\n\n
Although the warrant was issued by a South Korean court, key members of Terraform Labs including Kwon and the 5 other individuals are currently located in Singapore. As a result, the warrant is valid for the next year. This comes after South Korean authorities banned<\/a> Terra Luna's main designers from leaving the country.<\/li><\/ul>\n\n\n\n
After LUNA and sister stablecoin<\/a> UST collapsed earlier this year, investors were bought to outrage with a combined US$42B wiped out from the two coins alongside a 99.99% drop in price. In turn, investors were quick to sue Kwon and others for violating various laws and acts as rumors<\/a> were quick to spread in relation to the downfall.<\/li><\/ul>\n\n\n\n
See Related:<\/strong><\/em> War On Code \u2013 Tornado Cash Developer Alexey Pertsev Arrested<\/a><\/p>\n","post_title":"Terra's Do Kwon Wanted For Arrest By Seoul Court","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"terras-do-kwon-wanted-for-arrest-by-seoul-court","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-30 21:31:32","post_modified_gmt":"2023-04-30 11:31:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7141","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7107,"post_author":"1","post_date":"2022-09-12 21:36:27","post_date_gmt":"2022-09-12 11:36:27","post_content":"\n
Benjamin Cowen<\/a> is a well-regarded crypto analyst, using a historically accurate indicator he has found it likely that Bitcoin has hit its bottom or is very close to doing so.<\/p>\n\n\n\n
Cowen was recently featured<\/a> on Kitco News where he discussed his use of the metric. \"One of the interesting things about this chart is that historically, Bitcoin does not bottom until after they cross,\" he stated.<\/li><\/ul>\n\n\n\n
The indicator Cowen used is the Bitcoin Percentage Of Supply In Profit And Loss<\/a>. This indicates how many Bitcoins are at a profit or loss for their holders. Looking at the chart from a widened perspective Cowen shows how this metric has accompanied tops and bottoms over the long term.<\/li><\/ul>\n\n\n\n
Cowen added that they have recently just crossed each other and how the bottom typically occurs after they cross. \"When it comes up here, that\u2019s generally the time where you want to scale out when we\u2019re continuing to push those new all-time highs so to me this is an indicator that would suggest that if we did get another leg down there\u2019s a lot of evidence that could be the major bottom,\" he added.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bullish On Bitcoin, It\u2019s Trading At A Discount \u2013 Bloomberg Intelligence<\/a><\/p>\n\n\n\n
$\"Benjamin$
Benjamin Cowen Illustrating The Bitcoin Percentage Of Supply In Profit And Loss Metric Source: YouTube\/Kitco News<\/em><\/figcaption><\/figure>\n","post_title":"Bitcoins Bottom Is Likely In, Crypto Analyst Benjamin Cowen","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoins-bottom-is-likely-in-crypto-analyst-benjamin-cowen","to_ping":"","pinged":"","post_modified":"2023-04-11 00:07:43","post_modified_gmt":"2023-04-10 14:07:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7107","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7093,"post_author":"1","post_date":"2022-09-11 19:27:57","post_date_gmt":"2022-09-11 09:27:57","post_content":"\n
Mike McGlone is a senior strategist at Bloomberg Intelligence, has recently shared multiple on Twitter discussing various commodities and concerns related to the current state of markets worldwide.<\/p>\n\n\n\n
In one tweet McGlone outlined his September Crypto Outlook<\/a><\/em> where he believes that the world is leaning towards a recession in light of recent events including the tightening of interest rates by the Federal Reserve.<\/li><\/ul>\n\n\n\n
A key indicator that had encouraged the Fed's fight against inflation was the soar in energy prices. This pressured high-risk assets, namely cryptocurrencies, and once the dust settles from recent events crypto prices will start to \"bouy\" as \u201ccrude oil decline may fuel Bitcoin recovery.\u201d Reuters recently reported<\/a> that the Strategic Petroleum Reserve (SPR) fell to its lowest level in more than 35 years.<\/li><\/ul>\n\n\n\n
Price data from 2018-19 was compared to price data from today showing a similar benchmark where \"Bitcoin is at a discount within an elongated bull market.\"<\/li><\/ul>\n\n\n\n
$\""Too$
Bitcoin Price Data. Source: Bloomberg Intelligence<\/figcaption><\/figure>\n\n\n\n
In an interview<\/a> with Bell Media, McGlone believes that cryptocurrencies will continue to outperform traditional assets with declining volatility. He hints at being bullish on Bitcoin believing will put in a bottom at, or below $20,000 similar to 2018 and 2013 before going into an upward trajectory.<\/li><\/ul>\n\n\n\n
McGlone hinted at Ethereum becoming a large part of the financial system as the merge<\/a> approaches due to its ability to make tokenized assets<\/a> readily accessible to the public just like ETFs had done with traditional assets.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Will Return \u2013 Ruchir Sharma, The Chairman Of Rockefeller International<\/a><\/p>\n","post_title":"Bullish On Bitcoin, It's Trading At A Discount - Bloomberg Intelligence","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bullish-on-bitcoin-its-trading-at-a-discount-bloomberg-intelligence","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/ethereum-proof-of-stake-merge-set-for-mid-september\/\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/\nhttps:\/\/www.thedistributed.co\/bitcoin-will-return-ruchir-sharma-the-chairman-of-rockefeller-international\/","post_modified":"2023-04-11 00:07:57","post_modified_gmt":"2023-04-10 14:07:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7093","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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Binance Coin (BNB)

December 8, 2022 - Updated on January 15, 2023

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\n
Binance Coin, ticker $BNB, is a utility token built upon the Binance network - surprising! When a user pays fees using BNB on the network, they receive a discount compared to if they had paid using another cryptocurrency, incentivizing the use of BNB.<\/p>\n\n\n\n
BNB can also be used to pay for goods and services on the Binance platform and on third-party platforms that accept it as a form of payment such as Nexo which allows users to take a loan out in BNB and Loom which allows users to book accommodations with BNB.<\/p>\n\n\n\n
BNB lives on the Binance Smart Chain<\/a> (BSC), an improved version of the original Binance Chain which added smart contract<\/a> functionality in 2020. BSC introduced the BEP-20 standard, which is used by a wide array of tokens.<\/p>\n\n\n\n
Binance Coin (BNB) Tokenomics<\/h2>\n\n\n\n
BNB has a \"strict\" limit of 200M tokens, never to be increased.((BNB Whitepaper - Binance Coin (BNB)<\/a>, Page 7)) These tokens were distributed as follows during its ICO; 50% of tokens (100M) for the ICO, 40% (80M) to the founding team, and 10% (20M) to angel investors.((BNB Whitepaper - Allocation<\/a>, Page 8)) The founding team receives 20% of their 80M tokens through a 4-year plan - 16M at ICO and 16M for 4 years following the ICO.<\/p>\n\n\n\n
Binance Coin is subject to an auto-burning<\/a> system that will eventually reduce the total supply to 100M. Binance uses 20% of its quarterly profits to buy back and burn BNB.<\/p>\n\n\n\n
Users can also stake BNB to receive interest on their tokens and vote on network changes. The BNB Beacon Chain is where governance of the network takes place and proposals are submitted. Voting power is decided based on the size of a user's stake of BNB.<\/p>\n\n\n\n
Is Binance Coin (BNB) A Safe Investment?<\/h2>\n\n\n\n
The safety of an investment in Binance Coin (BNB) depends on several factors, including the overall stability of the cryptocurrency market and the performance of the Binance exchange platform. As with any investment, it's important to consider the potential risks and rewards before deciding. Investing in BNB or any other cryptocurrency carries a high degree of risk, and it's possible that you could lose some or all of your investment. <\/p>\n\n\n\n
Even the biggest exchanges such as FTX<\/a> are victims of bankruptcy and other factors which may put your funds at risk. Therefore, it is vital to thoroughly research any investment, cryptocurrency or not, prior to making a decision and only investing what you can afford to lose. <\/p>\n\n\n\n
Is BNB A Good Long-Term Investment?<\/h2>\n\n\n\n
The long-term potential of Binance Coin (BNB) as an investment will depend on a number of factors, including the overall performance of the Binance exchange, which depends on the overall health of the cryptocurrency markets. BNB is a well-established token with a well-established exchange, with a strong track record, and a large and active user base, which can provide investors with confidence in the long-term prospects of the token.<\/p>\n\n\n\n
Binance Coin (BNB) Frequently Asked Questions<\/h2>\n\n\n\n
Is Binance Coin A Stablecoin?<\/h3>\n\n\n\n
Binance Coin (BNB) is not a stablecoin, although there is a Binance USD stablecoin<\/a> (BUSD) which is pegged 1:1 with the US Dollar.<\/p>\n\n\n\n
What If I Lose My BNB?<\/h3>\n\n\n\n
In eligible cases such as certain lost token scenarios or \"honest mistakes\", Binance may reimburse the user for their lost coins. They do this alongside their burning mechanism, where they will count the lost coins as burnt and credit the user BNB.((Binance - Binance Introduces the BNB Pioneer Burn Program, Adjusts BNB Token Burn Mechanics<\/a>))<\/p>\n","post_title":"Binance Coin (BNB)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-coin-bnb","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/smart-contracts\/\nhttps:\/\/www.thedistributed.co\/cryptocurrency-burning\/\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-01-15 15:44:02","post_modified_gmt":"2023-01-15 04:44:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8715","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7530,"post_author":"1","post_date":"2022-10-08 00:21:45","post_date_gmt":"2022-10-07 13:21:45","post_content":"\n
Web3 startup Thallo announced<\/a> a partnership with Ripple Labs, the developers behind XRP, and 22 other partners to launch a blockchain-based carbon credit marketplace.<\/p>\n\n\n\n
Carbon credits are given to companies and define how much emissions they're allowed to put out, which can be traded between companies. Thallo aims to solve liquidity and pricing problems within the current carbon credit marketplace.<\/li><\/ul>\n\n\n\n
\u201cAs the demand for carbon credits intensifies, blockchain and crypto technology is uniquely positioned to help support market growth by solving persistent challenges around transparency, traceability and verification,\u201d says Ken Weber a senior VP for Ripple's social impact and sustainability sector in Thallos announcement.<\/li><\/ul>\n\n\n\n
\"By leveraging Ripple\u2019s enterprise readiness and carbon neutral XRPL\u2019s reliability at scale, Thallo is democratizing access to verified carbon credits for both institutional and retail investors to help offset their carbon footprints in a way that satisfies their key stakeholders,\" added Weber.<\/li><\/ul>\n\n\n\n
See Related: <\/strong><\/em>Ripple vs. SEC: How The Outcome Can Affect The Cryptocurrency Market<\/a><\/p>\n\n\n\n
Thallo's Carbon Neutral Team<\/h2>\n\n\n\n
In the announcement, Thallo defined their team as experts in climate and sustainability as well as web3. Alongside Thallo, the 23 partners split into three sectors. The Founding Partners<\/em> include Ripple Labs and Climate Collective to support the development of the platform.<\/li><\/ul>\n\n\n\n
The second sector is the Integrity Partners<\/em> which are academic instiutions, non-profits, and associations which aim to scale carbon markets with integrity such as Carbon Business Council and Crypto Climate Accord.<\/li><\/ul>\n\n\n\n
Finally, the largest sector with 14 companies, the Innovation Partners<\/em>, are the companies that develop the key aspects of the marketplace including Chainlink, Celo Foundation and Filecoin Green.<\/li><\/ul>\n\n\n\nSee Related:<\/em><\/strong> Crypto Mining Is a Threat To The U.S. Climate Commitments And Goals, White House Appraised<\/a><\/p>\n","post_title":"Ripple Labs Partner With Thallo To Develop Carbon Credit Marketplace","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-labs-partner-with-thallo-to-develop-carbon-credit-marketplace","to_ping":"","pinged":"","post_modified":"2022-10-08 00:24:06","post_modified_gmt":"2022-10-07 13:24:06","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7530","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7480,"post_author":"1","post_date":"2022-10-02 00:26:44","post_date_gmt":"2022-10-01 14:26:44","post_content":"\n
David Rubenstein, the billionaire co-founder\/chairman of The Carlyle Group was interviewed by fellow billionaire Ken Griffin to discuss<\/a> his view on crypto assets.<\/p>\n\n\n\n
Rubenstein, although not an investor in cryptocurrencies directly has been indirectly investing in them through companies that service the industry. \u201cI have not invested in cryptocurrencies. But I have invested in my family office through companies that service the industry,\" he states.<\/li><\/ul>\n\n\n\n
Although Rubenstein believes \"the industry is not going away anytime soon,\" he states that \"I can\u2019t pick which of the 18,000 cryptocurrencies are going to work. But I think the industry is not going away,\" as there are countless investors who've increasingly lobbied congress to prevent over-regulation.<\/li><\/ul>\n\n\n\n
Griffin asked \"What do you think about cryptocurrencies,\" Rubenstein responded that \"if it gives you pleasure to do the gambling allocate enough money that you can afford to lose, with crypto that was my view for some time...I now think that crypto is not going to go away the way some people have thought and while you can argue it's worthless in some respects, many things that people buy are maybe worthless.\"<\/li><\/ul>\n\n\n\n
The billionaire also believes that the reason so many people want to invest in crypto assets is to take some of the power away that the government and authorities have. \"They tend to be liking this thing that's anti-government, they want to have some of their assets and things that the government can't control or know what they're doing.\"<\/li><\/ul>\n\n\n\n
See Related: <\/em><\/strong>Bitcoins Bottom Is Likely In, Crypto Analyst Benjamin Cowen<\/a><\/p>\n\n\n\n
\nhttps:\/\/www.youtube.com\/watch?v=R-RHmKx9xTY\n<\/div><\/figure>\n","post_title":"Crypto Is Not Going Away, Billionaire David Rubenstein","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"crypto-is-not-going-away-billionaire-david-rubenstein","to_ping":"","pinged":"","post_modified":"2022-10-03 16:02:18","post_modified_gmt":"2022-10-03 05:02:18","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7480","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7348,"post_author":"1","post_date":"2022-09-25 00:12:26","post_date_gmt":"2022-09-24 14:12:26","post_content":"\n
Ethereum recently merged its proof-of-work (PoW) blockchain with its proof-of-stake (PoS) blockchain which reduced its energy consumption by 99.95% and made the network more scalable for future projects.<\/p>\n\n\n\n
At the recent Mainnet event, Ethereum co-founder Vitalik Buterin<\/a> was questioned<\/a> about PoS<\/a> as a consensus model. \"Should all networks move to PoS?\" Ryan Selkis<\/a> asked, Buterin replied that \"As PoS matures I would expect it to increase in legitimacy over time. I hope Zcash moves over and I am hopeful Dogecoin moves to PoS soon.\"<\/li><\/ul>\n\n\n\n
Zcash is a blockchain that focused heavily on user privacy with the company behind Zcash already detailing<\/a> how the privacy coin would transition to PoS. This may not be as simple due to the heavy decentralization of the network, comparing it to its launch<\/a> which had 6 pseudonymous identities all with a portion of the network's private key.<\/li><\/ul>\n\n\n\n
On the other hand, Dogecoin is a cryptocurrency that has grown heavily in popularity over the past few years despite launching to mock cryptocurrencies. Dogecoin is now commonly accepted by vendors and its developers have expressed interest in a PoS chain.<\/li><\/ul>\n\n\n\n
ZCash is currently trading at $57.59 and is the 54th largest token<\/a> by market cap. Dogecoin is currently trading at $0.066 and is the 10th largest token by ma<\/a>r<\/a>ket cap<\/a>.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Hopeful That ZCash And Dogecoin Move To PoS - Vitalik Buterin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hopeful-that-zcash-and-dogecoin-move-to-pos-vitalik-buterin","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/proof-of-stake\/\nhttps:\/\/www.thedistributed.co\/whistleblower-edward-snowden-played-a-key-role-in-the-creation-of-zcash\/","post_modified":"2023-04-30 21:30:23","post_modified_gmt":"2023-04-30 11:30:23","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7348","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7259,"post_author":"1","post_date":"2022-09-21 21:11:23","post_date_gmt":"2022-09-21 11:11:23","post_content":"\n
Katherine Polk Failla, a New York judge, has ordered<\/a> Tether to reveal the financial documents that prove its backing of the stable<\/a>c<\/a>oin<\/a>.<\/p>\n\n\n\n
Tether is required to provide the United States District Court for the Southern District of New York with \u201cgeneral ledgers, balance sheets, income statements, cash-flow statements, and profit and loss statements.\" The lawsuit alleges that Tether had conspired to artificially inflate the price of Bitcoin through a USDT campaign.<\/li><\/ul>\n\n\n\n
Tether has avoided providing these documents as they are \"sensitive\", although Failla justified the plaintiffs require the documents \"to asses the backing of USDT with US dollars...The documents sought in the transactions RFPs appear to go to one of Plaintiffs\u2019 core allegations: that the B\/T Defendants engaged in cyptocommodities transactions using unbacked USDT, and that those transactions \u201cwere strategically timed to inflate the market.\u2019\u201d<\/li><\/ul>\n\n\n\n
Tether is also required to cough up accounts and details related to accounts held with Bitfiniex, Bittrex, and Poloniex as apart of a case<\/a> against iFinex started in 2019 - the company behind Bitfinex and Tether.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Tethers Peso-Backed Stablecoin MXNT Launches In Mexico<\/a><\/p>\n","post_title":"Tether Ordered To Reveal USDTs Exact Backings","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tether-ordered-to-reveal-usdts-exact-backings","to_ping":"","pinged":"","post_modified":"2023-04-10 18:53:49","post_modified_gmt":"2023-04-10 08:53:49","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7259","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7229,"post_author":"1","post_date":"2022-09-20 22:22:55","post_date_gmt":"2022-09-20 12:22:55","post_content":"\n
Raoul Pal, a former executive at Goldman Sachs and macro expert believes that Ethereum could lead markets in the next bull cycle.<\/p>\n\n\n\n
Pal recently hosted<\/a> an ask me anything (AMA). Amongst various different questions, Pal predicted that \u201cas adoption keeps building, a lot of adoption spills outside of ETH into the Solana, Avalanche, and a bunch of other protocols as well.\" He added that \"we\u2019re going to see ETH lead the charge, and then we\u2019ll see this tail of stuff starting to come as we start a new bull market and generally things work that way.\u201d<\/p>\n\n\n\n
Pal is keeping his eye on one Ethereum competitor though. \u201cI think a lot of these layer ones this time around will be like ETH in the last cycle. They\u2019ll end up becoming very large dominant chains. Which ones? I don\u2019t really know. My bet is really on Solana, but it could be any of these.\" He added that he is \"watching them and waiting to see,\" tracking SOL\/ETH using a DeMark indicator.<\/p>\n\n\n\n
Pal also recommends listening to a broad base of opinions when doing research for the upcoming markets. \"You weigh them [varying opinions] yourself, how important is that to me?... Having people's opposite opinions, differences, and nuances, is really important for the macro scenario...Once you start listening to a lot of people you can start formulating your own opinions.\" <\/p>\n\n\n\n
He believes that you should follow what makes the most sense from your view - this added responsibility will likely form a better and stronger choice for yourself.<\/p>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n\n\n\n
\nhttps:\/\/www.youtube.com\/watch?v=H5j8mHKHScU\n<\/div>
Raoul Pal - Ask Me Anything<\/figcaption><\/figure>\n","post_title":"ETH Will Lead Charge Next Cycle Predicts Raoul Pal","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"eth-will-lead-charge-next-cycle-predicts-raoul-pal","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-misconceptions-with-the-ethereum-merge\/","post_modified":"2023-04-10 18:54:37","post_modified_gmt":"2023-04-10 08:54:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7229","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7153,"post_author":"1","post_date":"2022-09-19 20:57:39","post_date_gmt":"2022-09-19 10:57:39","post_content":"\n
Ethereum has just completed its merge<\/a> to a proof-of-stake<\/a> consensus from proof-of-work, could the primary source of validation bring in more institutional investors?<\/p>\n\n\n\n
\"They're [instiutional investors] looking for yield,\" said<\/a> FalconX CEO Raghu Yarlagadda in a recent interview with CoinDesk, \"with the ETH merge, the possibility of generating a sustainable, stable yield is interesting\" he added. <\/li><\/ul>\n\n\n\n
PoS is a consensus mechanism where transactions are validated through users staking their coins, in return for staking users will receive a small fee for playing their part. Currently, on Ethereum, this may yield users around 10-15% annually which makes it an alternative to typical bonds. <\/li><\/ul>\n\n\n\n
The reduced energy consumption could also make for a more eco-friendly investment in institutional eyes. Environmental, Social, and Governance (ESG) is a metric popular amongst various institutions, so Ethereum reducing its energy consumption by 99.95% and reducing<\/a> the world's energy consumption by 0.02% is a big plus.<\/li><\/ul>\n\n\n\n
Ethereum will also be more scarce now the merge has happened with annual issuance dropping ~90% to 600,000 per year and burning<\/a> of Ethereum transaction fees, along with staking taking even more Ethereum out of circulation.<\/li><\/ul>\n\n\n\n
Although it may attract institutional investors, using it in an institutional scene may not be the most efficient thing to do as of yet. Currently, Ethereum has 15 transactions per second (TP\/S) compared to VISA with ~1,700 and Solana at 2,300. The merge promises to make Ethereum more accessible which could bring scaling solutions to light that improve its lacking metrics.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Ethereum May Attract Institutional Investors \"Looking For Yield\"","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-may-attract-institutional-investors-looking-for-yield","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2023-04-10 18:54:55","post_modified_gmt":"2023-04-10 08:54:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7153","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7141,"post_author":"1","post_date":"2022-09-14 22:57:51","post_date_gmt":"2022-09-14 12:57:51","post_content":"\n
Do Kwon, co-founder of Terraform Labs has been issued an arrest warrant by a South Korean court in the wake of Terra Luna's collapse<\/a> earlier this year.<\/p>\n\n\n\n
A report<\/a> from South Korean news outlet Chosun Ilbo details that there were an additional 5 arrest warrants laid out. This includes Nicholas Platias, a founding member of Terraform Labs, and Han Mo, an employee. The charges being faced are for violating the Capital Markets Act. As prosecutors believe that Terra Luna falls under an \u201cinvestment contract security\u201d.<\/li><\/ul>\n\n\n\n
Although the warrant was issued by a South Korean court, key members of Terraform Labs including Kwon and the 5 other individuals are currently located in Singapore. As a result, the warrant is valid for the next year. This comes after South Korean authorities banned<\/a> Terra Luna's main designers from leaving the country.<\/li><\/ul>\n\n\n\n
After LUNA and sister stablecoin<\/a> UST collapsed earlier this year, investors were bought to outrage with a combined US$42B wiped out from the two coins alongside a 99.99% drop in price. In turn, investors were quick to sue Kwon and others for violating various laws and acts as rumors<\/a> were quick to spread in relation to the downfall.<\/li><\/ul>\n\n\n\n
See Related:<\/strong><\/em> War On Code \u2013 Tornado Cash Developer Alexey Pertsev Arrested<\/a><\/p>\n","post_title":"Terra's Do Kwon Wanted For Arrest By Seoul Court","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"terras-do-kwon-wanted-for-arrest-by-seoul-court","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-30 21:31:32","post_modified_gmt":"2023-04-30 11:31:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7141","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7107,"post_author":"1","post_date":"2022-09-12 21:36:27","post_date_gmt":"2022-09-12 11:36:27","post_content":"\n
Benjamin Cowen<\/a> is a well-regarded crypto analyst, using a historically accurate indicator he has found it likely that Bitcoin has hit its bottom or is very close to doing so.<\/p>\n\n\n\n
Cowen was recently featured<\/a> on Kitco News where he discussed his use of the metric. \"One of the interesting things about this chart is that historically, Bitcoin does not bottom until after they cross,\" he stated.<\/li><\/ul>\n\n\n\n
The indicator Cowen used is the Bitcoin Percentage Of Supply In Profit And Loss<\/a>. This indicates how many Bitcoins are at a profit or loss for their holders. Looking at the chart from a widened perspective Cowen shows how this metric has accompanied tops and bottoms over the long term.<\/li><\/ul>\n\n\n\n
Cowen added that they have recently just crossed each other and how the bottom typically occurs after they cross. \"When it comes up here, that\u2019s generally the time where you want to scale out when we\u2019re continuing to push those new all-time highs so to me this is an indicator that would suggest that if we did get another leg down there\u2019s a lot of evidence that could be the major bottom,\" he added.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bullish On Bitcoin, It\u2019s Trading At A Discount \u2013 Bloomberg Intelligence<\/a><\/p>\n\n\n\n
$\"Benjamin$
Benjamin Cowen Illustrating The Bitcoin Percentage Of Supply In Profit And Loss Metric Source: YouTube\/Kitco News<\/em><\/figcaption><\/figure>\n","post_title":"Bitcoins Bottom Is Likely In, Crypto Analyst Benjamin Cowen","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoins-bottom-is-likely-in-crypto-analyst-benjamin-cowen","to_ping":"","pinged":"","post_modified":"2023-04-11 00:07:43","post_modified_gmt":"2023-04-10 14:07:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7107","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7093,"post_author":"1","post_date":"2022-09-11 19:27:57","post_date_gmt":"2022-09-11 09:27:57","post_content":"\n
Mike McGlone is a senior strategist at Bloomberg Intelligence, has recently shared multiple on Twitter discussing various commodities and concerns related to the current state of markets worldwide.<\/p>\n\n\n\n
In one tweet McGlone outlined his September Crypto Outlook<\/a><\/em> where he believes that the world is leaning towards a recession in light of recent events including the tightening of interest rates by the Federal Reserve.<\/li><\/ul>\n\n\n\n
A key indicator that had encouraged the Fed's fight against inflation was the soar in energy prices. This pressured high-risk assets, namely cryptocurrencies, and once the dust settles from recent events crypto prices will start to \"bouy\" as \u201ccrude oil decline may fuel Bitcoin recovery.\u201d Reuters recently reported<\/a> that the Strategic Petroleum Reserve (SPR) fell to its lowest level in more than 35 years.<\/li><\/ul>\n\n\n\n
Price data from 2018-19 was compared to price data from today showing a similar benchmark where \"Bitcoin is at a discount within an elongated bull market.\"<\/li><\/ul>\n\n\n\n
$\""Too$
Bitcoin Price Data. Source: Bloomberg Intelligence<\/figcaption><\/figure>\n\n\n\n
In an interview<\/a> with Bell Media, McGlone believes that cryptocurrencies will continue to outperform traditional assets with declining volatility. He hints at being bullish on Bitcoin believing will put in a bottom at, or below $20,000 similar to 2018 and 2013 before going into an upward trajectory.<\/li><\/ul>\n\n\n\n
McGlone hinted at Ethereum becoming a large part of the financial system as the merge<\/a> approaches due to its ability to make tokenized assets<\/a> readily accessible to the public just like ETFs had done with traditional assets.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Will Return \u2013 Ruchir Sharma, The Chairman Of Rockefeller International<\/a><\/p>\n","post_title":"Bullish On Bitcoin, It's Trading At A Discount - Bloomberg Intelligence","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bullish-on-bitcoin-its-trading-at-a-discount-bloomberg-intelligence","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/ethereum-proof-of-stake-merge-set-for-mid-september\/\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/\nhttps:\/\/www.thedistributed.co\/bitcoin-will-return-ruchir-sharma-the-chairman-of-rockefeller-international\/","post_modified":"2023-04-11 00:07:57","post_modified_gmt":"2023-04-10 14:07:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7093","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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Binance Coin (BNB)

December 8, 2022 - Updated on January 15, 2023

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\n
How Does Binance Coin (BNB) Work?<\/h2>\n\n\n\n
Binance Coin, ticker $BNB, is a utility token built upon the Binance network - surprising! When a user pays fees using BNB on the network, they receive a discount compared to if they had paid using another cryptocurrency, incentivizing the use of BNB.<\/p>\n\n\n\n
BNB can also be used to pay for goods and services on the Binance platform and on third-party platforms that accept it as a form of payment such as Nexo which allows users to take a loan out in BNB and Loom which allows users to book accommodations with BNB.<\/p>\n\n\n\n
BNB lives on the Binance Smart Chain<\/a> (BSC), an improved version of the original Binance Chain which added smart contract<\/a> functionality in 2020. BSC introduced the BEP-20 standard, which is used by a wide array of tokens.<\/p>\n\n\n\n
Binance Coin (BNB) Tokenomics<\/h2>\n\n\n\n
BNB has a \"strict\" limit of 200M tokens, never to be increased.((BNB Whitepaper - Binance Coin (BNB)<\/a>, Page 7)) These tokens were distributed as follows during its ICO; 50% of tokens (100M) for the ICO, 40% (80M) to the founding team, and 10% (20M) to angel investors.((BNB Whitepaper - Allocation<\/a>, Page 8)) The founding team receives 20% of their 80M tokens through a 4-year plan - 16M at ICO and 16M for 4 years following the ICO.<\/p>\n\n\n\n
Binance Coin is subject to an auto-burning<\/a> system that will eventually reduce the total supply to 100M. Binance uses 20% of its quarterly profits to buy back and burn BNB.<\/p>\n\n\n\n
Users can also stake BNB to receive interest on their tokens and vote on network changes. The BNB Beacon Chain is where governance of the network takes place and proposals are submitted. Voting power is decided based on the size of a user's stake of BNB.<\/p>\n\n\n\n
Is Binance Coin (BNB) A Safe Investment?<\/h2>\n\n\n\n
The safety of an investment in Binance Coin (BNB) depends on several factors, including the overall stability of the cryptocurrency market and the performance of the Binance exchange platform. As with any investment, it's important to consider the potential risks and rewards before deciding. Investing in BNB or any other cryptocurrency carries a high degree of risk, and it's possible that you could lose some or all of your investment. <\/p>\n\n\n\n
Even the biggest exchanges such as FTX<\/a> are victims of bankruptcy and other factors which may put your funds at risk. Therefore, it is vital to thoroughly research any investment, cryptocurrency or not, prior to making a decision and only investing what you can afford to lose. <\/p>\n\n\n\n
Is BNB A Good Long-Term Investment?<\/h2>\n\n\n\n
The long-term potential of Binance Coin (BNB) as an investment will depend on a number of factors, including the overall performance of the Binance exchange, which depends on the overall health of the cryptocurrency markets. BNB is a well-established token with a well-established exchange, with a strong track record, and a large and active user base, which can provide investors with confidence in the long-term prospects of the token.<\/p>\n\n\n\n
Binance Coin (BNB) Frequently Asked Questions<\/h2>\n\n\n\n
Is Binance Coin A Stablecoin?<\/h3>\n\n\n\n
Binance Coin (BNB) is not a stablecoin, although there is a Binance USD stablecoin<\/a> (BUSD) which is pegged 1:1 with the US Dollar.<\/p>\n\n\n\n
What If I Lose My BNB?<\/h3>\n\n\n\n
In eligible cases such as certain lost token scenarios or \"honest mistakes\", Binance may reimburse the user for their lost coins. They do this alongside their burning mechanism, where they will count the lost coins as burnt and credit the user BNB.((Binance - Binance Introduces the BNB Pioneer Burn Program, Adjusts BNB Token Burn Mechanics<\/a>))<\/p>\n","post_title":"Binance Coin (BNB)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-coin-bnb","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/smart-contracts\/\nhttps:\/\/www.thedistributed.co\/cryptocurrency-burning\/\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-01-15 15:44:02","post_modified_gmt":"2023-01-15 04:44:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8715","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7530,"post_author":"1","post_date":"2022-10-08 00:21:45","post_date_gmt":"2022-10-07 13:21:45","post_content":"\n
Web3 startup Thallo announced<\/a> a partnership with Ripple Labs, the developers behind XRP, and 22 other partners to launch a blockchain-based carbon credit marketplace.<\/p>\n\n\n\n
Carbon credits are given to companies and define how much emissions they're allowed to put out, which can be traded between companies. Thallo aims to solve liquidity and pricing problems within the current carbon credit marketplace.<\/li><\/ul>\n\n\n\n
\u201cAs the demand for carbon credits intensifies, blockchain and crypto technology is uniquely positioned to help support market growth by solving persistent challenges around transparency, traceability and verification,\u201d says Ken Weber a senior VP for Ripple's social impact and sustainability sector in Thallos announcement.<\/li><\/ul>\n\n\n\n
\"By leveraging Ripple\u2019s enterprise readiness and carbon neutral XRPL\u2019s reliability at scale, Thallo is democratizing access to verified carbon credits for both institutional and retail investors to help offset their carbon footprints in a way that satisfies their key stakeholders,\" added Weber.<\/li><\/ul>\n\n\n\n
See Related: <\/strong><\/em>Ripple vs. SEC: How The Outcome Can Affect The Cryptocurrency Market<\/a><\/p>\n\n\n\n
Thallo's Carbon Neutral Team<\/h2>\n\n\n\n
In the announcement, Thallo defined their team as experts in climate and sustainability as well as web3. Alongside Thallo, the 23 partners split into three sectors. The Founding Partners<\/em> include Ripple Labs and Climate Collective to support the development of the platform.<\/li><\/ul>\n\n\n\n
The second sector is the Integrity Partners<\/em> which are academic instiutions, non-profits, and associations which aim to scale carbon markets with integrity such as Carbon Business Council and Crypto Climate Accord.<\/li><\/ul>\n\n\n\n
Finally, the largest sector with 14 companies, the Innovation Partners<\/em>, are the companies that develop the key aspects of the marketplace including Chainlink, Celo Foundation and Filecoin Green.<\/li><\/ul>\n\n\n\nSee Related:<\/em><\/strong> Crypto Mining Is a Threat To The U.S. Climate Commitments And Goals, White House Appraised<\/a><\/p>\n","post_title":"Ripple Labs Partner With Thallo To Develop Carbon Credit Marketplace","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-labs-partner-with-thallo-to-develop-carbon-credit-marketplace","to_ping":"","pinged":"","post_modified":"2022-10-08 00:24:06","post_modified_gmt":"2022-10-07 13:24:06","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7530","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7480,"post_author":"1","post_date":"2022-10-02 00:26:44","post_date_gmt":"2022-10-01 14:26:44","post_content":"\n
David Rubenstein, the billionaire co-founder\/chairman of The Carlyle Group was interviewed by fellow billionaire Ken Griffin to discuss<\/a> his view on crypto assets.<\/p>\n\n\n\n
Rubenstein, although not an investor in cryptocurrencies directly has been indirectly investing in them through companies that service the industry. \u201cI have not invested in cryptocurrencies. But I have invested in my family office through companies that service the industry,\" he states.<\/li><\/ul>\n\n\n\n
Although Rubenstein believes \"the industry is not going away anytime soon,\" he states that \"I can\u2019t pick which of the 18,000 cryptocurrencies are going to work. But I think the industry is not going away,\" as there are countless investors who've increasingly lobbied congress to prevent over-regulation.<\/li><\/ul>\n\n\n\n
Griffin asked \"What do you think about cryptocurrencies,\" Rubenstein responded that \"if it gives you pleasure to do the gambling allocate enough money that you can afford to lose, with crypto that was my view for some time...I now think that crypto is not going to go away the way some people have thought and while you can argue it's worthless in some respects, many things that people buy are maybe worthless.\"<\/li><\/ul>\n\n\n\n
The billionaire also believes that the reason so many people want to invest in crypto assets is to take some of the power away that the government and authorities have. \"They tend to be liking this thing that's anti-government, they want to have some of their assets and things that the government can't control or know what they're doing.\"<\/li><\/ul>\n\n\n\n
See Related: <\/em><\/strong>Bitcoins Bottom Is Likely In, Crypto Analyst Benjamin Cowen<\/a><\/p>\n\n\n\n
\nhttps:\/\/www.youtube.com\/watch?v=R-RHmKx9xTY\n<\/div><\/figure>\n","post_title":"Crypto Is Not Going Away, Billionaire David Rubenstein","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"crypto-is-not-going-away-billionaire-david-rubenstein","to_ping":"","pinged":"","post_modified":"2022-10-03 16:02:18","post_modified_gmt":"2022-10-03 05:02:18","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7480","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7348,"post_author":"1","post_date":"2022-09-25 00:12:26","post_date_gmt":"2022-09-24 14:12:26","post_content":"\n
Ethereum recently merged its proof-of-work (PoW) blockchain with its proof-of-stake (PoS) blockchain which reduced its energy consumption by 99.95% and made the network more scalable for future projects.<\/p>\n\n\n\n
At the recent Mainnet event, Ethereum co-founder Vitalik Buterin<\/a> was questioned<\/a> about PoS<\/a> as a consensus model. \"Should all networks move to PoS?\" Ryan Selkis<\/a> asked, Buterin replied that \"As PoS matures I would expect it to increase in legitimacy over time. I hope Zcash moves over and I am hopeful Dogecoin moves to PoS soon.\"<\/li><\/ul>\n\n\n\n
Zcash is a blockchain that focused heavily on user privacy with the company behind Zcash already detailing<\/a> how the privacy coin would transition to PoS. This may not be as simple due to the heavy decentralization of the network, comparing it to its launch<\/a> which had 6 pseudonymous identities all with a portion of the network's private key.<\/li><\/ul>\n\n\n\n
On the other hand, Dogecoin is a cryptocurrency that has grown heavily in popularity over the past few years despite launching to mock cryptocurrencies. Dogecoin is now commonly accepted by vendors and its developers have expressed interest in a PoS chain.<\/li><\/ul>\n\n\n\n
ZCash is currently trading at $57.59 and is the 54th largest token<\/a> by market cap. Dogecoin is currently trading at $0.066 and is the 10th largest token by ma<\/a>r<\/a>ket cap<\/a>.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Hopeful That ZCash And Dogecoin Move To PoS - Vitalik Buterin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hopeful-that-zcash-and-dogecoin-move-to-pos-vitalik-buterin","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/proof-of-stake\/\nhttps:\/\/www.thedistributed.co\/whistleblower-edward-snowden-played-a-key-role-in-the-creation-of-zcash\/","post_modified":"2023-04-30 21:30:23","post_modified_gmt":"2023-04-30 11:30:23","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7348","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7259,"post_author":"1","post_date":"2022-09-21 21:11:23","post_date_gmt":"2022-09-21 11:11:23","post_content":"\n
Katherine Polk Failla, a New York judge, has ordered<\/a> Tether to reveal the financial documents that prove its backing of the stable<\/a>c<\/a>oin<\/a>.<\/p>\n\n\n\n
Tether is required to provide the United States District Court for the Southern District of New York with \u201cgeneral ledgers, balance sheets, income statements, cash-flow statements, and profit and loss statements.\" The lawsuit alleges that Tether had conspired to artificially inflate the price of Bitcoin through a USDT campaign.<\/li><\/ul>\n\n\n\n
Tether has avoided providing these documents as they are \"sensitive\", although Failla justified the plaintiffs require the documents \"to asses the backing of USDT with US dollars...The documents sought in the transactions RFPs appear to go to one of Plaintiffs\u2019 core allegations: that the B\/T Defendants engaged in cyptocommodities transactions using unbacked USDT, and that those transactions \u201cwere strategically timed to inflate the market.\u2019\u201d<\/li><\/ul>\n\n\n\n
Tether is also required to cough up accounts and details related to accounts held with Bitfiniex, Bittrex, and Poloniex as apart of a case<\/a> against iFinex started in 2019 - the company behind Bitfinex and Tether.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Tethers Peso-Backed Stablecoin MXNT Launches In Mexico<\/a><\/p>\n","post_title":"Tether Ordered To Reveal USDTs Exact Backings","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tether-ordered-to-reveal-usdts-exact-backings","to_ping":"","pinged":"","post_modified":"2023-04-10 18:53:49","post_modified_gmt":"2023-04-10 08:53:49","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7259","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7229,"post_author":"1","post_date":"2022-09-20 22:22:55","post_date_gmt":"2022-09-20 12:22:55","post_content":"\n
Raoul Pal, a former executive at Goldman Sachs and macro expert believes that Ethereum could lead markets in the next bull cycle.<\/p>\n\n\n\n
Pal recently hosted<\/a> an ask me anything (AMA). Amongst various different questions, Pal predicted that \u201cas adoption keeps building, a lot of adoption spills outside of ETH into the Solana, Avalanche, and a bunch of other protocols as well.\" He added that \"we\u2019re going to see ETH lead the charge, and then we\u2019ll see this tail of stuff starting to come as we start a new bull market and generally things work that way.\u201d<\/p>\n\n\n\n
Pal is keeping his eye on one Ethereum competitor though. \u201cI think a lot of these layer ones this time around will be like ETH in the last cycle. They\u2019ll end up becoming very large dominant chains. Which ones? I don\u2019t really know. My bet is really on Solana, but it could be any of these.\" He added that he is \"watching them and waiting to see,\" tracking SOL\/ETH using a DeMark indicator.<\/p>\n\n\n\n
Pal also recommends listening to a broad base of opinions when doing research for the upcoming markets. \"You weigh them [varying opinions] yourself, how important is that to me?... Having people's opposite opinions, differences, and nuances, is really important for the macro scenario...Once you start listening to a lot of people you can start formulating your own opinions.\" <\/p>\n\n\n\n
He believes that you should follow what makes the most sense from your view - this added responsibility will likely form a better and stronger choice for yourself.<\/p>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n\n\n\n
\nhttps:\/\/www.youtube.com\/watch?v=H5j8mHKHScU\n<\/div>
Raoul Pal - Ask Me Anything<\/figcaption><\/figure>\n","post_title":"ETH Will Lead Charge Next Cycle Predicts Raoul Pal","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"eth-will-lead-charge-next-cycle-predicts-raoul-pal","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-misconceptions-with-the-ethereum-merge\/","post_modified":"2023-04-10 18:54:37","post_modified_gmt":"2023-04-10 08:54:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7229","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7153,"post_author":"1","post_date":"2022-09-19 20:57:39","post_date_gmt":"2022-09-19 10:57:39","post_content":"\n
Ethereum has just completed its merge<\/a> to a proof-of-stake<\/a> consensus from proof-of-work, could the primary source of validation bring in more institutional investors?<\/p>\n\n\n\n
\"They're [instiutional investors] looking for yield,\" said<\/a> FalconX CEO Raghu Yarlagadda in a recent interview with CoinDesk, \"with the ETH merge, the possibility of generating a sustainable, stable yield is interesting\" he added. <\/li><\/ul>\n\n\n\n
PoS is a consensus mechanism where transactions are validated through users staking their coins, in return for staking users will receive a small fee for playing their part. Currently, on Ethereum, this may yield users around 10-15% annually which makes it an alternative to typical bonds. <\/li><\/ul>\n\n\n\n
The reduced energy consumption could also make for a more eco-friendly investment in institutional eyes. Environmental, Social, and Governance (ESG) is a metric popular amongst various institutions, so Ethereum reducing its energy consumption by 99.95% and reducing<\/a> the world's energy consumption by 0.02% is a big plus.<\/li><\/ul>\n\n\n\n
Ethereum will also be more scarce now the merge has happened with annual issuance dropping ~90% to 600,000 per year and burning<\/a> of Ethereum transaction fees, along with staking taking even more Ethereum out of circulation.<\/li><\/ul>\n\n\n\n
Although it may attract institutional investors, using it in an institutional scene may not be the most efficient thing to do as of yet. Currently, Ethereum has 15 transactions per second (TP\/S) compared to VISA with ~1,700 and Solana at 2,300. The merge promises to make Ethereum more accessible which could bring scaling solutions to light that improve its lacking metrics.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Ethereum May Attract Institutional Investors \"Looking For Yield\"","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-may-attract-institutional-investors-looking-for-yield","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2023-04-10 18:54:55","post_modified_gmt":"2023-04-10 08:54:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7153","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7141,"post_author":"1","post_date":"2022-09-14 22:57:51","post_date_gmt":"2022-09-14 12:57:51","post_content":"\n
Do Kwon, co-founder of Terraform Labs has been issued an arrest warrant by a South Korean court in the wake of Terra Luna's collapse<\/a> earlier this year.<\/p>\n\n\n\n
A report<\/a> from South Korean news outlet Chosun Ilbo details that there were an additional 5 arrest warrants laid out. This includes Nicholas Platias, a founding member of Terraform Labs, and Han Mo, an employee. The charges being faced are for violating the Capital Markets Act. As prosecutors believe that Terra Luna falls under an \u201cinvestment contract security\u201d.<\/li><\/ul>\n\n\n\n
Although the warrant was issued by a South Korean court, key members of Terraform Labs including Kwon and the 5 other individuals are currently located in Singapore. As a result, the warrant is valid for the next year. This comes after South Korean authorities banned<\/a> Terra Luna's main designers from leaving the country.<\/li><\/ul>\n\n\n\n
After LUNA and sister stablecoin<\/a> UST collapsed earlier this year, investors were bought to outrage with a combined US$42B wiped out from the two coins alongside a 99.99% drop in price. In turn, investors were quick to sue Kwon and others for violating various laws and acts as rumors<\/a> were quick to spread in relation to the downfall.<\/li><\/ul>\n\n\n\n
See Related:<\/strong><\/em> War On Code \u2013 Tornado Cash Developer Alexey Pertsev Arrested<\/a><\/p>\n","post_title":"Terra's Do Kwon Wanted For Arrest By Seoul Court","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"terras-do-kwon-wanted-for-arrest-by-seoul-court","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-30 21:31:32","post_modified_gmt":"2023-04-30 11:31:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7141","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7107,"post_author":"1","post_date":"2022-09-12 21:36:27","post_date_gmt":"2022-09-12 11:36:27","post_content":"\n
Benjamin Cowen<\/a> is a well-regarded crypto analyst, using a historically accurate indicator he has found it likely that Bitcoin has hit its bottom or is very close to doing so.<\/p>\n\n\n\n
Cowen was recently featured<\/a> on Kitco News where he discussed his use of the metric. \"One of the interesting things about this chart is that historically, Bitcoin does not bottom until after they cross,\" he stated.<\/li><\/ul>\n\n\n\n
The indicator Cowen used is the Bitcoin Percentage Of Supply In Profit And Loss<\/a>. This indicates how many Bitcoins are at a profit or loss for their holders. Looking at the chart from a widened perspective Cowen shows how this metric has accompanied tops and bottoms over the long term.<\/li><\/ul>\n\n\n\n
Cowen added that they have recently just crossed each other and how the bottom typically occurs after they cross. \"When it comes up here, that\u2019s generally the time where you want to scale out when we\u2019re continuing to push those new all-time highs so to me this is an indicator that would suggest that if we did get another leg down there\u2019s a lot of evidence that could be the major bottom,\" he added.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bullish On Bitcoin, It\u2019s Trading At A Discount \u2013 Bloomberg Intelligence<\/a><\/p>\n\n\n\n
$\"Benjamin$
Benjamin Cowen Illustrating The Bitcoin Percentage Of Supply In Profit And Loss Metric Source: YouTube\/Kitco News<\/em><\/figcaption><\/figure>\n","post_title":"Bitcoins Bottom Is Likely In, Crypto Analyst Benjamin Cowen","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoins-bottom-is-likely-in-crypto-analyst-benjamin-cowen","to_ping":"","pinged":"","post_modified":"2023-04-11 00:07:43","post_modified_gmt":"2023-04-10 14:07:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7107","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7093,"post_author":"1","post_date":"2022-09-11 19:27:57","post_date_gmt":"2022-09-11 09:27:57","post_content":"\n
Mike McGlone is a senior strategist at Bloomberg Intelligence, has recently shared multiple on Twitter discussing various commodities and concerns related to the current state of markets worldwide.<\/p>\n\n\n\n
In one tweet McGlone outlined his September Crypto Outlook<\/a><\/em> where he believes that the world is leaning towards a recession in light of recent events including the tightening of interest rates by the Federal Reserve.<\/li><\/ul>\n\n\n\n
A key indicator that had encouraged the Fed's fight against inflation was the soar in energy prices. This pressured high-risk assets, namely cryptocurrencies, and once the dust settles from recent events crypto prices will start to \"bouy\" as \u201ccrude oil decline may fuel Bitcoin recovery.\u201d Reuters recently reported<\/a> that the Strategic Petroleum Reserve (SPR) fell to its lowest level in more than 35 years.<\/li><\/ul>\n\n\n\n
Price data from 2018-19 was compared to price data from today showing a similar benchmark where \"Bitcoin is at a discount within an elongated bull market.\"<\/li><\/ul>\n\n\n\n
$\""Too$
Bitcoin Price Data. Source: Bloomberg Intelligence<\/figcaption><\/figure>\n\n\n\n
In an interview<\/a> with Bell Media, McGlone believes that cryptocurrencies will continue to outperform traditional assets with declining volatility. He hints at being bullish on Bitcoin believing will put in a bottom at, or below $20,000 similar to 2018 and 2013 before going into an upward trajectory.<\/li><\/ul>\n\n\n\n
McGlone hinted at Ethereum becoming a large part of the financial system as the merge<\/a> approaches due to its ability to make tokenized assets<\/a> readily accessible to the public just like ETFs had done with traditional assets.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Will Return \u2013 Ruchir Sharma, The Chairman Of Rockefeller International<\/a><\/p>\n","post_title":"Bullish On Bitcoin, It's Trading At A Discount - Bloomberg Intelligence","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bullish-on-bitcoin-its-trading-at-a-discount-bloomberg-intelligence","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/ethereum-proof-of-stake-merge-set-for-mid-september\/\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/\nhttps:\/\/www.thedistributed.co\/bitcoin-will-return-ruchir-sharma-the-chairman-of-rockefeller-international\/","post_modified":"2023-04-11 00:07:57","post_modified_gmt":"2023-04-10 14:07:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7093","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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Binance Coin (BNB)

December 8, 2022 - Updated on January 15, 2023

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\n
The official Binance Coin whitepaper<\/a> lists four main uses for BNB, including but not limited to; exchange fees, withdrawal fees, listing fees, and other fees. Since its launch, the use for BNB has expanded to pay for a variety of goods and services, and it can also be traded on cryptocurrency exchanges for other cryptocurrencies or for fiat currencies such as the US dollar or the euro.<\/p>\n\n\n\n
How Does Binance Coin (BNB) Work?<\/h2>\n\n\n\n
Binance Coin, ticker $BNB, is a utility token built upon the Binance network - surprising! When a user pays fees using BNB on the network, they receive a discount compared to if they had paid using another cryptocurrency, incentivizing the use of BNB.<\/p>\n\n\n\n
BNB can also be used to pay for goods and services on the Binance platform and on third-party platforms that accept it as a form of payment such as Nexo which allows users to take a loan out in BNB and Loom which allows users to book accommodations with BNB.<\/p>\n\n\n\n
BNB lives on the Binance Smart Chain<\/a> (BSC), an improved version of the original Binance Chain which added smart contract<\/a> functionality in 2020. BSC introduced the BEP-20 standard, which is used by a wide array of tokens.<\/p>\n\n\n\n
Binance Coin (BNB) Tokenomics<\/h2>\n\n\n\n
BNB has a \"strict\" limit of 200M tokens, never to be increased.((BNB Whitepaper - Binance Coin (BNB)<\/a>, Page 7)) These tokens were distributed as follows during its ICO; 50% of tokens (100M) for the ICO, 40% (80M) to the founding team, and 10% (20M) to angel investors.((BNB Whitepaper - Allocation<\/a>, Page 8)) The founding team receives 20% of their 80M tokens through a 4-year plan - 16M at ICO and 16M for 4 years following the ICO.<\/p>\n\n\n\n
Binance Coin is subject to an auto-burning<\/a> system that will eventually reduce the total supply to 100M. Binance uses 20% of its quarterly profits to buy back and burn BNB.<\/p>\n\n\n\n
Users can also stake BNB to receive interest on their tokens and vote on network changes. The BNB Beacon Chain is where governance of the network takes place and proposals are submitted. Voting power is decided based on the size of a user's stake of BNB.<\/p>\n\n\n\n
Is Binance Coin (BNB) A Safe Investment?<\/h2>\n\n\n\n
The safety of an investment in Binance Coin (BNB) depends on several factors, including the overall stability of the cryptocurrency market and the performance of the Binance exchange platform. As with any investment, it's important to consider the potential risks and rewards before deciding. Investing in BNB or any other cryptocurrency carries a high degree of risk, and it's possible that you could lose some or all of your investment. <\/p>\n\n\n\n
Even the biggest exchanges such as FTX<\/a> are victims of bankruptcy and other factors which may put your funds at risk. Therefore, it is vital to thoroughly research any investment, cryptocurrency or not, prior to making a decision and only investing what you can afford to lose. <\/p>\n\n\n\n
Is BNB A Good Long-Term Investment?<\/h2>\n\n\n\n
The long-term potential of Binance Coin (BNB) as an investment will depend on a number of factors, including the overall performance of the Binance exchange, which depends on the overall health of the cryptocurrency markets. BNB is a well-established token with a well-established exchange, with a strong track record, and a large and active user base, which can provide investors with confidence in the long-term prospects of the token.<\/p>\n\n\n\n
Binance Coin (BNB) Frequently Asked Questions<\/h2>\n\n\n\n
Is Binance Coin A Stablecoin?<\/h3>\n\n\n\n
Binance Coin (BNB) is not a stablecoin, although there is a Binance USD stablecoin<\/a> (BUSD) which is pegged 1:1 with the US Dollar.<\/p>\n\n\n\n
What If I Lose My BNB?<\/h3>\n\n\n\n
In eligible cases such as certain lost token scenarios or \"honest mistakes\", Binance may reimburse the user for their lost coins. They do this alongside their burning mechanism, where they will count the lost coins as burnt and credit the user BNB.((Binance - Binance Introduces the BNB Pioneer Burn Program, Adjusts BNB Token Burn Mechanics<\/a>))<\/p>\n","post_title":"Binance Coin (BNB)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-coin-bnb","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/smart-contracts\/\nhttps:\/\/www.thedistributed.co\/cryptocurrency-burning\/\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-01-15 15:44:02","post_modified_gmt":"2023-01-15 04:44:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8715","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7530,"post_author":"1","post_date":"2022-10-08 00:21:45","post_date_gmt":"2022-10-07 13:21:45","post_content":"\n
Web3 startup Thallo announced<\/a> a partnership with Ripple Labs, the developers behind XRP, and 22 other partners to launch a blockchain-based carbon credit marketplace.<\/p>\n\n\n\n
Carbon credits are given to companies and define how much emissions they're allowed to put out, which can be traded between companies. Thallo aims to solve liquidity and pricing problems within the current carbon credit marketplace.<\/li><\/ul>\n\n\n\n
\u201cAs the demand for carbon credits intensifies, blockchain and crypto technology is uniquely positioned to help support market growth by solving persistent challenges around transparency, traceability and verification,\u201d says Ken Weber a senior VP for Ripple's social impact and sustainability sector in Thallos announcement.<\/li><\/ul>\n\n\n\n
\"By leveraging Ripple\u2019s enterprise readiness and carbon neutral XRPL\u2019s reliability at scale, Thallo is democratizing access to verified carbon credits for both institutional and retail investors to help offset their carbon footprints in a way that satisfies their key stakeholders,\" added Weber.<\/li><\/ul>\n\n\n\n
See Related: <\/strong><\/em>Ripple vs. SEC: How The Outcome Can Affect The Cryptocurrency Market<\/a><\/p>\n\n\n\n
Thallo's Carbon Neutral Team<\/h2>\n\n\n\n
In the announcement, Thallo defined their team as experts in climate and sustainability as well as web3. Alongside Thallo, the 23 partners split into three sectors. The Founding Partners<\/em> include Ripple Labs and Climate Collective to support the development of the platform.<\/li><\/ul>\n\n\n\n
The second sector is the Integrity Partners<\/em> which are academic instiutions, non-profits, and associations which aim to scale carbon markets with integrity such as Carbon Business Council and Crypto Climate Accord.<\/li><\/ul>\n\n\n\n
Finally, the largest sector with 14 companies, the Innovation Partners<\/em>, are the companies that develop the key aspects of the marketplace including Chainlink, Celo Foundation and Filecoin Green.<\/li><\/ul>\n\n\n\nSee Related:<\/em><\/strong> Crypto Mining Is a Threat To The U.S. Climate Commitments And Goals, White House Appraised<\/a><\/p>\n","post_title":"Ripple Labs Partner With Thallo To Develop Carbon Credit Marketplace","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-labs-partner-with-thallo-to-develop-carbon-credit-marketplace","to_ping":"","pinged":"","post_modified":"2022-10-08 00:24:06","post_modified_gmt":"2022-10-07 13:24:06","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7530","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7480,"post_author":"1","post_date":"2022-10-02 00:26:44","post_date_gmt":"2022-10-01 14:26:44","post_content":"\n
David Rubenstein, the billionaire co-founder\/chairman of The Carlyle Group was interviewed by fellow billionaire Ken Griffin to discuss<\/a> his view on crypto assets.<\/p>\n\n\n\n
Rubenstein, although not an investor in cryptocurrencies directly has been indirectly investing in them through companies that service the industry. \u201cI have not invested in cryptocurrencies. But I have invested in my family office through companies that service the industry,\" he states.<\/li><\/ul>\n\n\n\n
Although Rubenstein believes \"the industry is not going away anytime soon,\" he states that \"I can\u2019t pick which of the 18,000 cryptocurrencies are going to work. But I think the industry is not going away,\" as there are countless investors who've increasingly lobbied congress to prevent over-regulation.<\/li><\/ul>\n\n\n\n
Griffin asked \"What do you think about cryptocurrencies,\" Rubenstein responded that \"if it gives you pleasure to do the gambling allocate enough money that you can afford to lose, with crypto that was my view for some time...I now think that crypto is not going to go away the way some people have thought and while you can argue it's worthless in some respects, many things that people buy are maybe worthless.\"<\/li><\/ul>\n\n\n\n
The billionaire also believes that the reason so many people want to invest in crypto assets is to take some of the power away that the government and authorities have. \"They tend to be liking this thing that's anti-government, they want to have some of their assets and things that the government can't control or know what they're doing.\"<\/li><\/ul>\n\n\n\n
See Related: <\/em><\/strong>Bitcoins Bottom Is Likely In, Crypto Analyst Benjamin Cowen<\/a><\/p>\n\n\n\n
\nhttps:\/\/www.youtube.com\/watch?v=R-RHmKx9xTY\n<\/div><\/figure>\n","post_title":"Crypto Is Not Going Away, Billionaire David Rubenstein","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"crypto-is-not-going-away-billionaire-david-rubenstein","to_ping":"","pinged":"","post_modified":"2022-10-03 16:02:18","post_modified_gmt":"2022-10-03 05:02:18","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7480","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7348,"post_author":"1","post_date":"2022-09-25 00:12:26","post_date_gmt":"2022-09-24 14:12:26","post_content":"\n
Ethereum recently merged its proof-of-work (PoW) blockchain with its proof-of-stake (PoS) blockchain which reduced its energy consumption by 99.95% and made the network more scalable for future projects.<\/p>\n\n\n\n
At the recent Mainnet event, Ethereum co-founder Vitalik Buterin<\/a> was questioned<\/a> about PoS<\/a> as a consensus model. \"Should all networks move to PoS?\" Ryan Selkis<\/a> asked, Buterin replied that \"As PoS matures I would expect it to increase in legitimacy over time. I hope Zcash moves over and I am hopeful Dogecoin moves to PoS soon.\"<\/li><\/ul>\n\n\n\n
Zcash is a blockchain that focused heavily on user privacy with the company behind Zcash already detailing<\/a> how the privacy coin would transition to PoS. This may not be as simple due to the heavy decentralization of the network, comparing it to its launch<\/a> which had 6 pseudonymous identities all with a portion of the network's private key.<\/li><\/ul>\n\n\n\n
On the other hand, Dogecoin is a cryptocurrency that has grown heavily in popularity over the past few years despite launching to mock cryptocurrencies. Dogecoin is now commonly accepted by vendors and its developers have expressed interest in a PoS chain.<\/li><\/ul>\n\n\n\n
ZCash is currently trading at $57.59 and is the 54th largest token<\/a> by market cap. Dogecoin is currently trading at $0.066 and is the 10th largest token by ma<\/a>r<\/a>ket cap<\/a>.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Hopeful That ZCash And Dogecoin Move To PoS - Vitalik Buterin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hopeful-that-zcash-and-dogecoin-move-to-pos-vitalik-buterin","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/proof-of-stake\/\nhttps:\/\/www.thedistributed.co\/whistleblower-edward-snowden-played-a-key-role-in-the-creation-of-zcash\/","post_modified":"2023-04-30 21:30:23","post_modified_gmt":"2023-04-30 11:30:23","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7348","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7259,"post_author":"1","post_date":"2022-09-21 21:11:23","post_date_gmt":"2022-09-21 11:11:23","post_content":"\n
Katherine Polk Failla, a New York judge, has ordered<\/a> Tether to reveal the financial documents that prove its backing of the stable<\/a>c<\/a>oin<\/a>.<\/p>\n\n\n\n
Tether is required to provide the United States District Court for the Southern District of New York with \u201cgeneral ledgers, balance sheets, income statements, cash-flow statements, and profit and loss statements.\" The lawsuit alleges that Tether had conspired to artificially inflate the price of Bitcoin through a USDT campaign.<\/li><\/ul>\n\n\n\n
Tether has avoided providing these documents as they are \"sensitive\", although Failla justified the plaintiffs require the documents \"to asses the backing of USDT with US dollars...The documents sought in the transactions RFPs appear to go to one of Plaintiffs\u2019 core allegations: that the B\/T Defendants engaged in cyptocommodities transactions using unbacked USDT, and that those transactions \u201cwere strategically timed to inflate the market.\u2019\u201d<\/li><\/ul>\n\n\n\n
Tether is also required to cough up accounts and details related to accounts held with Bitfiniex, Bittrex, and Poloniex as apart of a case<\/a> against iFinex started in 2019 - the company behind Bitfinex and Tether.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Tethers Peso-Backed Stablecoin MXNT Launches In Mexico<\/a><\/p>\n","post_title":"Tether Ordered To Reveal USDTs Exact Backings","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tether-ordered-to-reveal-usdts-exact-backings","to_ping":"","pinged":"","post_modified":"2023-04-10 18:53:49","post_modified_gmt":"2023-04-10 08:53:49","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7259","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7229,"post_author":"1","post_date":"2022-09-20 22:22:55","post_date_gmt":"2022-09-20 12:22:55","post_content":"\n
Raoul Pal, a former executive at Goldman Sachs and macro expert believes that Ethereum could lead markets in the next bull cycle.<\/p>\n\n\n\n
Pal recently hosted<\/a> an ask me anything (AMA). Amongst various different questions, Pal predicted that \u201cas adoption keeps building, a lot of adoption spills outside of ETH into the Solana, Avalanche, and a bunch of other protocols as well.\" He added that \"we\u2019re going to see ETH lead the charge, and then we\u2019ll see this tail of stuff starting to come as we start a new bull market and generally things work that way.\u201d<\/p>\n\n\n\n
Pal is keeping his eye on one Ethereum competitor though. \u201cI think a lot of these layer ones this time around will be like ETH in the last cycle. They\u2019ll end up becoming very large dominant chains. Which ones? I don\u2019t really know. My bet is really on Solana, but it could be any of these.\" He added that he is \"watching them and waiting to see,\" tracking SOL\/ETH using a DeMark indicator.<\/p>\n\n\n\n
Pal also recommends listening to a broad base of opinions when doing research for the upcoming markets. \"You weigh them [varying opinions] yourself, how important is that to me?... Having people's opposite opinions, differences, and nuances, is really important for the macro scenario...Once you start listening to a lot of people you can start formulating your own opinions.\" <\/p>\n\n\n\n
He believes that you should follow what makes the most sense from your view - this added responsibility will likely form a better and stronger choice for yourself.<\/p>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n\n\n\n
\nhttps:\/\/www.youtube.com\/watch?v=H5j8mHKHScU\n<\/div>
Raoul Pal - Ask Me Anything<\/figcaption><\/figure>\n","post_title":"ETH Will Lead Charge Next Cycle Predicts Raoul Pal","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"eth-will-lead-charge-next-cycle-predicts-raoul-pal","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-misconceptions-with-the-ethereum-merge\/","post_modified":"2023-04-10 18:54:37","post_modified_gmt":"2023-04-10 08:54:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7229","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7153,"post_author":"1","post_date":"2022-09-19 20:57:39","post_date_gmt":"2022-09-19 10:57:39","post_content":"\n
Ethereum has just completed its merge<\/a> to a proof-of-stake<\/a> consensus from proof-of-work, could the primary source of validation bring in more institutional investors?<\/p>\n\n\n\n
\"They're [instiutional investors] looking for yield,\" said<\/a> FalconX CEO Raghu Yarlagadda in a recent interview with CoinDesk, \"with the ETH merge, the possibility of generating a sustainable, stable yield is interesting\" he added. <\/li><\/ul>\n\n\n\n
PoS is a consensus mechanism where transactions are validated through users staking their coins, in return for staking users will receive a small fee for playing their part. Currently, on Ethereum, this may yield users around 10-15% annually which makes it an alternative to typical bonds. <\/li><\/ul>\n\n\n\n
The reduced energy consumption could also make for a more eco-friendly investment in institutional eyes. Environmental, Social, and Governance (ESG) is a metric popular amongst various institutions, so Ethereum reducing its energy consumption by 99.95% and reducing<\/a> the world's energy consumption by 0.02% is a big plus.<\/li><\/ul>\n\n\n\n
Ethereum will also be more scarce now the merge has happened with annual issuance dropping ~90% to 600,000 per year and burning<\/a> of Ethereum transaction fees, along with staking taking even more Ethereum out of circulation.<\/li><\/ul>\n\n\n\n
Although it may attract institutional investors, using it in an institutional scene may not be the most efficient thing to do as of yet. Currently, Ethereum has 15 transactions per second (TP\/S) compared to VISA with ~1,700 and Solana at 2,300. The merge promises to make Ethereum more accessible which could bring scaling solutions to light that improve its lacking metrics.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Ethereum May Attract Institutional Investors \"Looking For Yield\"","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-may-attract-institutional-investors-looking-for-yield","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2023-04-10 18:54:55","post_modified_gmt":"2023-04-10 08:54:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7153","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7141,"post_author":"1","post_date":"2022-09-14 22:57:51","post_date_gmt":"2022-09-14 12:57:51","post_content":"\n
Do Kwon, co-founder of Terraform Labs has been issued an arrest warrant by a South Korean court in the wake of Terra Luna's collapse<\/a> earlier this year.<\/p>\n\n\n\n
A report<\/a> from South Korean news outlet Chosun Ilbo details that there were an additional 5 arrest warrants laid out. This includes Nicholas Platias, a founding member of Terraform Labs, and Han Mo, an employee. The charges being faced are for violating the Capital Markets Act. As prosecutors believe that Terra Luna falls under an \u201cinvestment contract security\u201d.<\/li><\/ul>\n\n\n\n
Although the warrant was issued by a South Korean court, key members of Terraform Labs including Kwon and the 5 other individuals are currently located in Singapore. As a result, the warrant is valid for the next year. This comes after South Korean authorities banned<\/a> Terra Luna's main designers from leaving the country.<\/li><\/ul>\n\n\n\n
After LUNA and sister stablecoin<\/a> UST collapsed earlier this year, investors were bought to outrage with a combined US$42B wiped out from the two coins alongside a 99.99% drop in price. In turn, investors were quick to sue Kwon and others for violating various laws and acts as rumors<\/a> were quick to spread in relation to the downfall.<\/li><\/ul>\n\n\n\n
See Related:<\/strong><\/em> War On Code \u2013 Tornado Cash Developer Alexey Pertsev Arrested<\/a><\/p>\n","post_title":"Terra's Do Kwon Wanted For Arrest By Seoul Court","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"terras-do-kwon-wanted-for-arrest-by-seoul-court","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-30 21:31:32","post_modified_gmt":"2023-04-30 11:31:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7141","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7107,"post_author":"1","post_date":"2022-09-12 21:36:27","post_date_gmt":"2022-09-12 11:36:27","post_content":"\n
Benjamin Cowen<\/a> is a well-regarded crypto analyst, using a historically accurate indicator he has found it likely that Bitcoin has hit its bottom or is very close to doing so.<\/p>\n\n\n\n
Cowen was recently featured<\/a> on Kitco News where he discussed his use of the metric. \"One of the interesting things about this chart is that historically, Bitcoin does not bottom until after they cross,\" he stated.<\/li><\/ul>\n\n\n\n
The indicator Cowen used is the Bitcoin Percentage Of Supply In Profit And Loss<\/a>. This indicates how many Bitcoins are at a profit or loss for their holders. Looking at the chart from a widened perspective Cowen shows how this metric has accompanied tops and bottoms over the long term.<\/li><\/ul>\n\n\n\n
Cowen added that they have recently just crossed each other and how the bottom typically occurs after they cross. \"When it comes up here, that\u2019s generally the time where you want to scale out when we\u2019re continuing to push those new all-time highs so to me this is an indicator that would suggest that if we did get another leg down there\u2019s a lot of evidence that could be the major bottom,\" he added.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bullish On Bitcoin, It\u2019s Trading At A Discount \u2013 Bloomberg Intelligence<\/a><\/p>\n\n\n\n
$\"Benjamin$
Benjamin Cowen Illustrating The Bitcoin Percentage Of Supply In Profit And Loss Metric Source: YouTube\/Kitco News<\/em><\/figcaption><\/figure>\n","post_title":"Bitcoins Bottom Is Likely In, Crypto Analyst Benjamin Cowen","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoins-bottom-is-likely-in-crypto-analyst-benjamin-cowen","to_ping":"","pinged":"","post_modified":"2023-04-11 00:07:43","post_modified_gmt":"2023-04-10 14:07:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7107","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7093,"post_author":"1","post_date":"2022-09-11 19:27:57","post_date_gmt":"2022-09-11 09:27:57","post_content":"\n
Mike McGlone is a senior strategist at Bloomberg Intelligence, has recently shared multiple on Twitter discussing various commodities and concerns related to the current state of markets worldwide.<\/p>\n\n\n\n
In one tweet McGlone outlined his September Crypto Outlook<\/a><\/em> where he believes that the world is leaning towards a recession in light of recent events including the tightening of interest rates by the Federal Reserve.<\/li><\/ul>\n\n\n\n
A key indicator that had encouraged the Fed's fight against inflation was the soar in energy prices. This pressured high-risk assets, namely cryptocurrencies, and once the dust settles from recent events crypto prices will start to \"bouy\" as \u201ccrude oil decline may fuel Bitcoin recovery.\u201d Reuters recently reported<\/a> that the Strategic Petroleum Reserve (SPR) fell to its lowest level in more than 35 years.<\/li><\/ul>\n\n\n\n
Price data from 2018-19 was compared to price data from today showing a similar benchmark where \"Bitcoin is at a discount within an elongated bull market.\"<\/li><\/ul>\n\n\n\n
$\""Too$
Bitcoin Price Data. Source: Bloomberg Intelligence<\/figcaption><\/figure>\n\n\n\n
In an interview<\/a> with Bell Media, McGlone believes that cryptocurrencies will continue to outperform traditional assets with declining volatility. He hints at being bullish on Bitcoin believing will put in a bottom at, or below $20,000 similar to 2018 and 2013 before going into an upward trajectory.<\/li><\/ul>\n\n\n\n
McGlone hinted at Ethereum becoming a large part of the financial system as the merge<\/a> approaches due to its ability to make tokenized assets<\/a> readily accessible to the public just like ETFs had done with traditional assets.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Will Return \u2013 Ruchir Sharma, The Chairman Of Rockefeller International<\/a><\/p>\n","post_title":"Bullish On Bitcoin, It's Trading At A Discount - Bloomberg Intelligence","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bullish-on-bitcoin-its-trading-at-a-discount-bloomberg-intelligence","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/ethereum-proof-of-stake-merge-set-for-mid-september\/\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/\nhttps:\/\/www.thedistributed.co\/bitcoin-will-return-ruchir-sharma-the-chairman-of-rockefeller-international\/","post_modified":"2023-04-11 00:07:57","post_modified_gmt":"2023-04-10 14:07:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7093","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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Binance Coin (BNB)

December 8, 2022 - Updated on January 15, 2023

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\n
Binance Coin (BNB) is the native cryptocurrency of the Binance exchange platform. Originally launched as an ERC-20 token in 2017, BNB has since been moved to its own mainnet. <\/p>\n\n\n\n
The official Binance Coin whitepaper<\/a> lists four main uses for BNB, including but not limited to; exchange fees, withdrawal fees, listing fees, and other fees. Since its launch, the use for BNB has expanded to pay for a variety of goods and services, and it can also be traded on cryptocurrency exchanges for other cryptocurrencies or for fiat currencies such as the US dollar or the euro.<\/p>\n\n\n\n
How Does Binance Coin (BNB) Work?<\/h2>\n\n\n\n
Binance Coin, ticker $BNB, is a utility token built upon the Binance network - surprising! When a user pays fees using BNB on the network, they receive a discount compared to if they had paid using another cryptocurrency, incentivizing the use of BNB.<\/p>\n\n\n\n
BNB can also be used to pay for goods and services on the Binance platform and on third-party platforms that accept it as a form of payment such as Nexo which allows users to take a loan out in BNB and Loom which allows users to book accommodations with BNB.<\/p>\n\n\n\n
BNB lives on the Binance Smart Chain<\/a> (BSC), an improved version of the original Binance Chain which added smart contract<\/a> functionality in 2020. BSC introduced the BEP-20 standard, which is used by a wide array of tokens.<\/p>\n\n\n\n
Binance Coin (BNB) Tokenomics<\/h2>\n\n\n\n
BNB has a \"strict\" limit of 200M tokens, never to be increased.((BNB Whitepaper - Binance Coin (BNB)<\/a>, Page 7)) These tokens were distributed as follows during its ICO; 50% of tokens (100M) for the ICO, 40% (80M) to the founding team, and 10% (20M) to angel investors.((BNB Whitepaper - Allocation<\/a>, Page 8)) The founding team receives 20% of their 80M tokens through a 4-year plan - 16M at ICO and 16M for 4 years following the ICO.<\/p>\n\n\n\n
Binance Coin is subject to an auto-burning<\/a> system that will eventually reduce the total supply to 100M. Binance uses 20% of its quarterly profits to buy back and burn BNB.<\/p>\n\n\n\n
Users can also stake BNB to receive interest on their tokens and vote on network changes. The BNB Beacon Chain is where governance of the network takes place and proposals are submitted. Voting power is decided based on the size of a user's stake of BNB.<\/p>\n\n\n\n
Is Binance Coin (BNB) A Safe Investment?<\/h2>\n\n\n\n
The safety of an investment in Binance Coin (BNB) depends on several factors, including the overall stability of the cryptocurrency market and the performance of the Binance exchange platform. As with any investment, it's important to consider the potential risks and rewards before deciding. Investing in BNB or any other cryptocurrency carries a high degree of risk, and it's possible that you could lose some or all of your investment. <\/p>\n\n\n\n
Even the biggest exchanges such as FTX<\/a> are victims of bankruptcy and other factors which may put your funds at risk. Therefore, it is vital to thoroughly research any investment, cryptocurrency or not, prior to making a decision and only investing what you can afford to lose. <\/p>\n\n\n\n
Is BNB A Good Long-Term Investment?<\/h2>\n\n\n\n
The long-term potential of Binance Coin (BNB) as an investment will depend on a number of factors, including the overall performance of the Binance exchange, which depends on the overall health of the cryptocurrency markets. BNB is a well-established token with a well-established exchange, with a strong track record, and a large and active user base, which can provide investors with confidence in the long-term prospects of the token.<\/p>\n\n\n\n
Binance Coin (BNB) Frequently Asked Questions<\/h2>\n\n\n\n
Is Binance Coin A Stablecoin?<\/h3>\n\n\n\n
Binance Coin (BNB) is not a stablecoin, although there is a Binance USD stablecoin<\/a> (BUSD) which is pegged 1:1 with the US Dollar.<\/p>\n\n\n\n
What If I Lose My BNB?<\/h3>\n\n\n\n
In eligible cases such as certain lost token scenarios or \"honest mistakes\", Binance may reimburse the user for their lost coins. They do this alongside their burning mechanism, where they will count the lost coins as burnt and credit the user BNB.((Binance - Binance Introduces the BNB Pioneer Burn Program, Adjusts BNB Token Burn Mechanics<\/a>))<\/p>\n","post_title":"Binance Coin (BNB)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-coin-bnb","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/smart-contracts\/\nhttps:\/\/www.thedistributed.co\/cryptocurrency-burning\/\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-01-15 15:44:02","post_modified_gmt":"2023-01-15 04:44:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8715","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7530,"post_author":"1","post_date":"2022-10-08 00:21:45","post_date_gmt":"2022-10-07 13:21:45","post_content":"\n
Web3 startup Thallo announced<\/a> a partnership with Ripple Labs, the developers behind XRP, and 22 other partners to launch a blockchain-based carbon credit marketplace.<\/p>\n\n\n\n
Carbon credits are given to companies and define how much emissions they're allowed to put out, which can be traded between companies. Thallo aims to solve liquidity and pricing problems within the current carbon credit marketplace.<\/li><\/ul>\n\n\n\n
\u201cAs the demand for carbon credits intensifies, blockchain and crypto technology is uniquely positioned to help support market growth by solving persistent challenges around transparency, traceability and verification,\u201d says Ken Weber a senior VP for Ripple's social impact and sustainability sector in Thallos announcement.<\/li><\/ul>\n\n\n\n
\"By leveraging Ripple\u2019s enterprise readiness and carbon neutral XRPL\u2019s reliability at scale, Thallo is democratizing access to verified carbon credits for both institutional and retail investors to help offset their carbon footprints in a way that satisfies their key stakeholders,\" added Weber.<\/li><\/ul>\n\n\n\n
See Related: <\/strong><\/em>Ripple vs. SEC: How The Outcome Can Affect The Cryptocurrency Market<\/a><\/p>\n\n\n\n
Thallo's Carbon Neutral Team<\/h2>\n\n\n\n
In the announcement, Thallo defined their team as experts in climate and sustainability as well as web3. Alongside Thallo, the 23 partners split into three sectors. The Founding Partners<\/em> include Ripple Labs and Climate Collective to support the development of the platform.<\/li><\/ul>\n\n\n\n
The second sector is the Integrity Partners<\/em> which are academic instiutions, non-profits, and associations which aim to scale carbon markets with integrity such as Carbon Business Council and Crypto Climate Accord.<\/li><\/ul>\n\n\n\n
Finally, the largest sector with 14 companies, the Innovation Partners<\/em>, are the companies that develop the key aspects of the marketplace including Chainlink, Celo Foundation and Filecoin Green.<\/li><\/ul>\n\n\n\nSee Related:<\/em><\/strong> Crypto Mining Is a Threat To The U.S. Climate Commitments And Goals, White House Appraised<\/a><\/p>\n","post_title":"Ripple Labs Partner With Thallo To Develop Carbon Credit Marketplace","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-labs-partner-with-thallo-to-develop-carbon-credit-marketplace","to_ping":"","pinged":"","post_modified":"2022-10-08 00:24:06","post_modified_gmt":"2022-10-07 13:24:06","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7530","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7480,"post_author":"1","post_date":"2022-10-02 00:26:44","post_date_gmt":"2022-10-01 14:26:44","post_content":"\n
David Rubenstein, the billionaire co-founder\/chairman of The Carlyle Group was interviewed by fellow billionaire Ken Griffin to discuss<\/a> his view on crypto assets.<\/p>\n\n\n\n
Rubenstein, although not an investor in cryptocurrencies directly has been indirectly investing in them through companies that service the industry. \u201cI have not invested in cryptocurrencies. But I have invested in my family office through companies that service the industry,\" he states.<\/li><\/ul>\n\n\n\n
Although Rubenstein believes \"the industry is not going away anytime soon,\" he states that \"I can\u2019t pick which of the 18,000 cryptocurrencies are going to work. But I think the industry is not going away,\" as there are countless investors who've increasingly lobbied congress to prevent over-regulation.<\/li><\/ul>\n\n\n\n
Griffin asked \"What do you think about cryptocurrencies,\" Rubenstein responded that \"if it gives you pleasure to do the gambling allocate enough money that you can afford to lose, with crypto that was my view for some time...I now think that crypto is not going to go away the way some people have thought and while you can argue it's worthless in some respects, many things that people buy are maybe worthless.\"<\/li><\/ul>\n\n\n\n
The billionaire also believes that the reason so many people want to invest in crypto assets is to take some of the power away that the government and authorities have. \"They tend to be liking this thing that's anti-government, they want to have some of their assets and things that the government can't control or know what they're doing.\"<\/li><\/ul>\n\n\n\n
See Related: <\/em><\/strong>Bitcoins Bottom Is Likely In, Crypto Analyst Benjamin Cowen<\/a><\/p>\n\n\n\n
\nhttps:\/\/www.youtube.com\/watch?v=R-RHmKx9xTY\n<\/div><\/figure>\n","post_title":"Crypto Is Not Going Away, Billionaire David Rubenstein","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"crypto-is-not-going-away-billionaire-david-rubenstein","to_ping":"","pinged":"","post_modified":"2022-10-03 16:02:18","post_modified_gmt":"2022-10-03 05:02:18","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7480","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7348,"post_author":"1","post_date":"2022-09-25 00:12:26","post_date_gmt":"2022-09-24 14:12:26","post_content":"\n
Ethereum recently merged its proof-of-work (PoW) blockchain with its proof-of-stake (PoS) blockchain which reduced its energy consumption by 99.95% and made the network more scalable for future projects.<\/p>\n\n\n\n
At the recent Mainnet event, Ethereum co-founder Vitalik Buterin<\/a> was questioned<\/a> about PoS<\/a> as a consensus model. \"Should all networks move to PoS?\" Ryan Selkis<\/a> asked, Buterin replied that \"As PoS matures I would expect it to increase in legitimacy over time. I hope Zcash moves over and I am hopeful Dogecoin moves to PoS soon.\"<\/li><\/ul>\n\n\n\n
Zcash is a blockchain that focused heavily on user privacy with the company behind Zcash already detailing<\/a> how the privacy coin would transition to PoS. This may not be as simple due to the heavy decentralization of the network, comparing it to its launch<\/a> which had 6 pseudonymous identities all with a portion of the network's private key.<\/li><\/ul>\n\n\n\n
On the other hand, Dogecoin is a cryptocurrency that has grown heavily in popularity over the past few years despite launching to mock cryptocurrencies. Dogecoin is now commonly accepted by vendors and its developers have expressed interest in a PoS chain.<\/li><\/ul>\n\n\n\n
ZCash is currently trading at $57.59 and is the 54th largest token<\/a> by market cap. Dogecoin is currently trading at $0.066 and is the 10th largest token by ma<\/a>r<\/a>ket cap<\/a>.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Hopeful That ZCash And Dogecoin Move To PoS - Vitalik Buterin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hopeful-that-zcash-and-dogecoin-move-to-pos-vitalik-buterin","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/proof-of-stake\/\nhttps:\/\/www.thedistributed.co\/whistleblower-edward-snowden-played-a-key-role-in-the-creation-of-zcash\/","post_modified":"2023-04-30 21:30:23","post_modified_gmt":"2023-04-30 11:30:23","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7348","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7259,"post_author":"1","post_date":"2022-09-21 21:11:23","post_date_gmt":"2022-09-21 11:11:23","post_content":"\n
Katherine Polk Failla, a New York judge, has ordered<\/a> Tether to reveal the financial documents that prove its backing of the stable<\/a>c<\/a>oin<\/a>.<\/p>\n\n\n\n
Tether is required to provide the United States District Court for the Southern District of New York with \u201cgeneral ledgers, balance sheets, income statements, cash-flow statements, and profit and loss statements.\" The lawsuit alleges that Tether had conspired to artificially inflate the price of Bitcoin through a USDT campaign.<\/li><\/ul>\n\n\n\n
Tether has avoided providing these documents as they are \"sensitive\", although Failla justified the plaintiffs require the documents \"to asses the backing of USDT with US dollars...The documents sought in the transactions RFPs appear to go to one of Plaintiffs\u2019 core allegations: that the B\/T Defendants engaged in cyptocommodities transactions using unbacked USDT, and that those transactions \u201cwere strategically timed to inflate the market.\u2019\u201d<\/li><\/ul>\n\n\n\n
Tether is also required to cough up accounts and details related to accounts held with Bitfiniex, Bittrex, and Poloniex as apart of a case<\/a> against iFinex started in 2019 - the company behind Bitfinex and Tether.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Tethers Peso-Backed Stablecoin MXNT Launches In Mexico<\/a><\/p>\n","post_title":"Tether Ordered To Reveal USDTs Exact Backings","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tether-ordered-to-reveal-usdts-exact-backings","to_ping":"","pinged":"","post_modified":"2023-04-10 18:53:49","post_modified_gmt":"2023-04-10 08:53:49","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7259","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7229,"post_author":"1","post_date":"2022-09-20 22:22:55","post_date_gmt":"2022-09-20 12:22:55","post_content":"\n
Raoul Pal, a former executive at Goldman Sachs and macro expert believes that Ethereum could lead markets in the next bull cycle.<\/p>\n\n\n\n
Pal recently hosted<\/a> an ask me anything (AMA). Amongst various different questions, Pal predicted that \u201cas adoption keeps building, a lot of adoption spills outside of ETH into the Solana, Avalanche, and a bunch of other protocols as well.\" He added that \"we\u2019re going to see ETH lead the charge, and then we\u2019ll see this tail of stuff starting to come as we start a new bull market and generally things work that way.\u201d<\/p>\n\n\n\n
Pal is keeping his eye on one Ethereum competitor though. \u201cI think a lot of these layer ones this time around will be like ETH in the last cycle. They\u2019ll end up becoming very large dominant chains. Which ones? I don\u2019t really know. My bet is really on Solana, but it could be any of these.\" He added that he is \"watching them and waiting to see,\" tracking SOL\/ETH using a DeMark indicator.<\/p>\n\n\n\n
Pal also recommends listening to a broad base of opinions when doing research for the upcoming markets. \"You weigh them [varying opinions] yourself, how important is that to me?... Having people's opposite opinions, differences, and nuances, is really important for the macro scenario...Once you start listening to a lot of people you can start formulating your own opinions.\" <\/p>\n\n\n\n
He believes that you should follow what makes the most sense from your view - this added responsibility will likely form a better and stronger choice for yourself.<\/p>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n\n\n\n
\nhttps:\/\/www.youtube.com\/watch?v=H5j8mHKHScU\n<\/div>
Raoul Pal - Ask Me Anything<\/figcaption><\/figure>\n","post_title":"ETH Will Lead Charge Next Cycle Predicts Raoul Pal","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"eth-will-lead-charge-next-cycle-predicts-raoul-pal","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-misconceptions-with-the-ethereum-merge\/","post_modified":"2023-04-10 18:54:37","post_modified_gmt":"2023-04-10 08:54:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7229","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7153,"post_author":"1","post_date":"2022-09-19 20:57:39","post_date_gmt":"2022-09-19 10:57:39","post_content":"\n
Ethereum has just completed its merge<\/a> to a proof-of-stake<\/a> consensus from proof-of-work, could the primary source of validation bring in more institutional investors?<\/p>\n\n\n\n
\"They're [instiutional investors] looking for yield,\" said<\/a> FalconX CEO Raghu Yarlagadda in a recent interview with CoinDesk, \"with the ETH merge, the possibility of generating a sustainable, stable yield is interesting\" he added. <\/li><\/ul>\n\n\n\n
PoS is a consensus mechanism where transactions are validated through users staking their coins, in return for staking users will receive a small fee for playing their part. Currently, on Ethereum, this may yield users around 10-15% annually which makes it an alternative to typical bonds. <\/li><\/ul>\n\n\n\n
The reduced energy consumption could also make for a more eco-friendly investment in institutional eyes. Environmental, Social, and Governance (ESG) is a metric popular amongst various institutions, so Ethereum reducing its energy consumption by 99.95% and reducing<\/a> the world's energy consumption by 0.02% is a big plus.<\/li><\/ul>\n\n\n\n
Ethereum will also be more scarce now the merge has happened with annual issuance dropping ~90% to 600,000 per year and burning<\/a> of Ethereum transaction fees, along with staking taking even more Ethereum out of circulation.<\/li><\/ul>\n\n\n\n
Although it may attract institutional investors, using it in an institutional scene may not be the most efficient thing to do as of yet. Currently, Ethereum has 15 transactions per second (TP\/S) compared to VISA with ~1,700 and Solana at 2,300. The merge promises to make Ethereum more accessible which could bring scaling solutions to light that improve its lacking metrics.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Ethereum May Attract Institutional Investors \"Looking For Yield\"","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-may-attract-institutional-investors-looking-for-yield","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2023-04-10 18:54:55","post_modified_gmt":"2023-04-10 08:54:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7153","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7141,"post_author":"1","post_date":"2022-09-14 22:57:51","post_date_gmt":"2022-09-14 12:57:51","post_content":"\n
Do Kwon, co-founder of Terraform Labs has been issued an arrest warrant by a South Korean court in the wake of Terra Luna's collapse<\/a> earlier this year.<\/p>\n\n\n\n
A report<\/a> from South Korean news outlet Chosun Ilbo details that there were an additional 5 arrest warrants laid out. This includes Nicholas Platias, a founding member of Terraform Labs, and Han Mo, an employee. The charges being faced are for violating the Capital Markets Act. As prosecutors believe that Terra Luna falls under an \u201cinvestment contract security\u201d.<\/li><\/ul>\n\n\n\n
Although the warrant was issued by a South Korean court, key members of Terraform Labs including Kwon and the 5 other individuals are currently located in Singapore. As a result, the warrant is valid for the next year. This comes after South Korean authorities banned<\/a> Terra Luna's main designers from leaving the country.<\/li><\/ul>\n\n\n\n
After LUNA and sister stablecoin<\/a> UST collapsed earlier this year, investors were bought to outrage with a combined US$42B wiped out from the two coins alongside a 99.99% drop in price. In turn, investors were quick to sue Kwon and others for violating various laws and acts as rumors<\/a> were quick to spread in relation to the downfall.<\/li><\/ul>\n\n\n\n
See Related:<\/strong><\/em> War On Code \u2013 Tornado Cash Developer Alexey Pertsev Arrested<\/a><\/p>\n","post_title":"Terra's Do Kwon Wanted For Arrest By Seoul Court","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"terras-do-kwon-wanted-for-arrest-by-seoul-court","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-30 21:31:32","post_modified_gmt":"2023-04-30 11:31:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7141","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7107,"post_author":"1","post_date":"2022-09-12 21:36:27","post_date_gmt":"2022-09-12 11:36:27","post_content":"\n
Benjamin Cowen<\/a> is a well-regarded crypto analyst, using a historically accurate indicator he has found it likely that Bitcoin has hit its bottom or is very close to doing so.<\/p>\n\n\n\n
Cowen was recently featured<\/a> on Kitco News where he discussed his use of the metric. \"One of the interesting things about this chart is that historically, Bitcoin does not bottom until after they cross,\" he stated.<\/li><\/ul>\n\n\n\n
The indicator Cowen used is the Bitcoin Percentage Of Supply In Profit And Loss<\/a>. This indicates how many Bitcoins are at a profit or loss for their holders. Looking at the chart from a widened perspective Cowen shows how this metric has accompanied tops and bottoms over the long term.<\/li><\/ul>\n\n\n\n
Cowen added that they have recently just crossed each other and how the bottom typically occurs after they cross. \"When it comes up here, that\u2019s generally the time where you want to scale out when we\u2019re continuing to push those new all-time highs so to me this is an indicator that would suggest that if we did get another leg down there\u2019s a lot of evidence that could be the major bottom,\" he added.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bullish On Bitcoin, It\u2019s Trading At A Discount \u2013 Bloomberg Intelligence<\/a><\/p>\n\n\n\n
$\"Benjamin$
Benjamin Cowen Illustrating The Bitcoin Percentage Of Supply In Profit And Loss Metric Source: YouTube\/Kitco News<\/em><\/figcaption><\/figure>\n","post_title":"Bitcoins Bottom Is Likely In, Crypto Analyst Benjamin Cowen","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoins-bottom-is-likely-in-crypto-analyst-benjamin-cowen","to_ping":"","pinged":"","post_modified":"2023-04-11 00:07:43","post_modified_gmt":"2023-04-10 14:07:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7107","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7093,"post_author":"1","post_date":"2022-09-11 19:27:57","post_date_gmt":"2022-09-11 09:27:57","post_content":"\n
Mike McGlone is a senior strategist at Bloomberg Intelligence, has recently shared multiple on Twitter discussing various commodities and concerns related to the current state of markets worldwide.<\/p>\n\n\n\n
In one tweet McGlone outlined his September Crypto Outlook<\/a><\/em> where he believes that the world is leaning towards a recession in light of recent events including the tightening of interest rates by the Federal Reserve.<\/li><\/ul>\n\n\n\n
A key indicator that had encouraged the Fed's fight against inflation was the soar in energy prices. This pressured high-risk assets, namely cryptocurrencies, and once the dust settles from recent events crypto prices will start to \"bouy\" as \u201ccrude oil decline may fuel Bitcoin recovery.\u201d Reuters recently reported<\/a> that the Strategic Petroleum Reserve (SPR) fell to its lowest level in more than 35 years.<\/li><\/ul>\n\n\n\n
Price data from 2018-19 was compared to price data from today showing a similar benchmark where \"Bitcoin is at a discount within an elongated bull market.\"<\/li><\/ul>\n\n\n\n
$\""Too$
Bitcoin Price Data. Source: Bloomberg Intelligence<\/figcaption><\/figure>\n\n\n\n
In an interview<\/a> with Bell Media, McGlone believes that cryptocurrencies will continue to outperform traditional assets with declining volatility. He hints at being bullish on Bitcoin believing will put in a bottom at, or below $20,000 similar to 2018 and 2013 before going into an upward trajectory.<\/li><\/ul>\n\n\n\n
McGlone hinted at Ethereum becoming a large part of the financial system as the merge<\/a> approaches due to its ability to make tokenized assets<\/a> readily accessible to the public just like ETFs had done with traditional assets.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Will Return \u2013 Ruchir Sharma, The Chairman Of Rockefeller International<\/a><\/p>\n","post_title":"Bullish On Bitcoin, It's Trading At A Discount - Bloomberg Intelligence","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bullish-on-bitcoin-its-trading-at-a-discount-bloomberg-intelligence","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/ethereum-proof-of-stake-merge-set-for-mid-september\/\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/\nhttps:\/\/www.thedistributed.co\/bitcoin-will-return-ruchir-sharma-the-chairman-of-rockefeller-international\/","post_modified":"2023-04-11 00:07:57","post_modified_gmt":"2023-04-10 14:07:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7093","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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Binance Coin (BNB)

December 8, 2022 - Updated on January 15, 2023

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\n
What Is Binance Coin (BNB)?<\/h2>\n\n\n\n
Binance Coin (BNB) is the native cryptocurrency of the Binance exchange platform. Originally launched as an ERC-20 token in 2017, BNB has since been moved to its own mainnet. <\/p>\n\n\n\n
The official Binance Coin whitepaper<\/a> lists four main uses for BNB, including but not limited to; exchange fees, withdrawal fees, listing fees, and other fees. Since its launch, the use for BNB has expanded to pay for a variety of goods and services, and it can also be traded on cryptocurrency exchanges for other cryptocurrencies or for fiat currencies such as the US dollar or the euro.<\/p>\n\n\n\n
How Does Binance Coin (BNB) Work?<\/h2>\n\n\n\n
Binance Coin, ticker $BNB, is a utility token built upon the Binance network - surprising! When a user pays fees using BNB on the network, they receive a discount compared to if they had paid using another cryptocurrency, incentivizing the use of BNB.<\/p>\n\n\n\n
BNB can also be used to pay for goods and services on the Binance platform and on third-party platforms that accept it as a form of payment such as Nexo which allows users to take a loan out in BNB and Loom which allows users to book accommodations with BNB.<\/p>\n\n\n\n
BNB lives on the Binance Smart Chain<\/a> (BSC), an improved version of the original Binance Chain which added smart contract<\/a> functionality in 2020. BSC introduced the BEP-20 standard, which is used by a wide array of tokens.<\/p>\n\n\n\n
Binance Coin (BNB) Tokenomics<\/h2>\n\n\n\n
BNB has a \"strict\" limit of 200M tokens, never to be increased.((BNB Whitepaper - Binance Coin (BNB)<\/a>, Page 7)) These tokens were distributed as follows during its ICO; 50% of tokens (100M) for the ICO, 40% (80M) to the founding team, and 10% (20M) to angel investors.((BNB Whitepaper - Allocation<\/a>, Page 8)) The founding team receives 20% of their 80M tokens through a 4-year plan - 16M at ICO and 16M for 4 years following the ICO.<\/p>\n\n\n\n
Binance Coin is subject to an auto-burning<\/a> system that will eventually reduce the total supply to 100M. Binance uses 20% of its quarterly profits to buy back and burn BNB.<\/p>\n\n\n\n
Users can also stake BNB to receive interest on their tokens and vote on network changes. The BNB Beacon Chain is where governance of the network takes place and proposals are submitted. Voting power is decided based on the size of a user's stake of BNB.<\/p>\n\n\n\n
Is Binance Coin (BNB) A Safe Investment?<\/h2>\n\n\n\n
The safety of an investment in Binance Coin (BNB) depends on several factors, including the overall stability of the cryptocurrency market and the performance of the Binance exchange platform. As with any investment, it's important to consider the potential risks and rewards before deciding. Investing in BNB or any other cryptocurrency carries a high degree of risk, and it's possible that you could lose some or all of your investment. <\/p>\n\n\n\n
Even the biggest exchanges such as FTX<\/a> are victims of bankruptcy and other factors which may put your funds at risk. Therefore, it is vital to thoroughly research any investment, cryptocurrency or not, prior to making a decision and only investing what you can afford to lose. <\/p>\n\n\n\n
Is BNB A Good Long-Term Investment?<\/h2>\n\n\n\n
The long-term potential of Binance Coin (BNB) as an investment will depend on a number of factors, including the overall performance of the Binance exchange, which depends on the overall health of the cryptocurrency markets. BNB is a well-established token with a well-established exchange, with a strong track record, and a large and active user base, which can provide investors with confidence in the long-term prospects of the token.<\/p>\n\n\n\n
Binance Coin (BNB) Frequently Asked Questions<\/h2>\n\n\n\n
Is Binance Coin A Stablecoin?<\/h3>\n\n\n\n
Binance Coin (BNB) is not a stablecoin, although there is a Binance USD stablecoin<\/a> (BUSD) which is pegged 1:1 with the US Dollar.<\/p>\n\n\n\n
What If I Lose My BNB?<\/h3>\n\n\n\n
In eligible cases such as certain lost token scenarios or \"honest mistakes\", Binance may reimburse the user for their lost coins. They do this alongside their burning mechanism, where they will count the lost coins as burnt and credit the user BNB.((Binance - Binance Introduces the BNB Pioneer Burn Program, Adjusts BNB Token Burn Mechanics<\/a>))<\/p>\n","post_title":"Binance Coin (BNB)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-coin-bnb","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/smart-contracts\/\nhttps:\/\/www.thedistributed.co\/cryptocurrency-burning\/\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-01-15 15:44:02","post_modified_gmt":"2023-01-15 04:44:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8715","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7530,"post_author":"1","post_date":"2022-10-08 00:21:45","post_date_gmt":"2022-10-07 13:21:45","post_content":"\n
Web3 startup Thallo announced<\/a> a partnership with Ripple Labs, the developers behind XRP, and 22 other partners to launch a blockchain-based carbon credit marketplace.<\/p>\n\n\n\n
Carbon credits are given to companies and define how much emissions they're allowed to put out, which can be traded between companies. Thallo aims to solve liquidity and pricing problems within the current carbon credit marketplace.<\/li><\/ul>\n\n\n\n
\u201cAs the demand for carbon credits intensifies, blockchain and crypto technology is uniquely positioned to help support market growth by solving persistent challenges around transparency, traceability and verification,\u201d says Ken Weber a senior VP for Ripple's social impact and sustainability sector in Thallos announcement.<\/li><\/ul>\n\n\n\n
\"By leveraging Ripple\u2019s enterprise readiness and carbon neutral XRPL\u2019s reliability at scale, Thallo is democratizing access to verified carbon credits for both institutional and retail investors to help offset their carbon footprints in a way that satisfies their key stakeholders,\" added Weber.<\/li><\/ul>\n\n\n\n
See Related: <\/strong><\/em>Ripple vs. SEC: How The Outcome Can Affect The Cryptocurrency Market<\/a><\/p>\n\n\n\n
Thallo's Carbon Neutral Team<\/h2>\n\n\n\n
In the announcement, Thallo defined their team as experts in climate and sustainability as well as web3. Alongside Thallo, the 23 partners split into three sectors. The Founding Partners<\/em> include Ripple Labs and Climate Collective to support the development of the platform.<\/li><\/ul>\n\n\n\n
The second sector is the Integrity Partners<\/em> which are academic instiutions, non-profits, and associations which aim to scale carbon markets with integrity such as Carbon Business Council and Crypto Climate Accord.<\/li><\/ul>\n\n\n\n
Finally, the largest sector with 14 companies, the Innovation Partners<\/em>, are the companies that develop the key aspects of the marketplace including Chainlink, Celo Foundation and Filecoin Green.<\/li><\/ul>\n\n\n\nSee Related:<\/em><\/strong> Crypto Mining Is a Threat To The U.S. Climate Commitments And Goals, White House Appraised<\/a><\/p>\n","post_title":"Ripple Labs Partner With Thallo To Develop Carbon Credit Marketplace","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ripple-labs-partner-with-thallo-to-develop-carbon-credit-marketplace","to_ping":"","pinged":"","post_modified":"2022-10-08 00:24:06","post_modified_gmt":"2022-10-07 13:24:06","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7530","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7480,"post_author":"1","post_date":"2022-10-02 00:26:44","post_date_gmt":"2022-10-01 14:26:44","post_content":"\n
David Rubenstein, the billionaire co-founder\/chairman of The Carlyle Group was interviewed by fellow billionaire Ken Griffin to discuss<\/a> his view on crypto assets.<\/p>\n\n\n\n
Rubenstein, although not an investor in cryptocurrencies directly has been indirectly investing in them through companies that service the industry. \u201cI have not invested in cryptocurrencies. But I have invested in my family office through companies that service the industry,\" he states.<\/li><\/ul>\n\n\n\n
Although Rubenstein believes \"the industry is not going away anytime soon,\" he states that \"I can\u2019t pick which of the 18,000 cryptocurrencies are going to work. But I think the industry is not going away,\" as there are countless investors who've increasingly lobbied congress to prevent over-regulation.<\/li><\/ul>\n\n\n\n
Griffin asked \"What do you think about cryptocurrencies,\" Rubenstein responded that \"if it gives you pleasure to do the gambling allocate enough money that you can afford to lose, with crypto that was my view for some time...I now think that crypto is not going to go away the way some people have thought and while you can argue it's worthless in some respects, many things that people buy are maybe worthless.\"<\/li><\/ul>\n\n\n\n
The billionaire also believes that the reason so many people want to invest in crypto assets is to take some of the power away that the government and authorities have. \"They tend to be liking this thing that's anti-government, they want to have some of their assets and things that the government can't control or know what they're doing.\"<\/li><\/ul>\n\n\n\n
See Related: <\/em><\/strong>Bitcoins Bottom Is Likely In, Crypto Analyst Benjamin Cowen<\/a><\/p>\n\n\n\n
\nhttps:\/\/www.youtube.com\/watch?v=R-RHmKx9xTY\n<\/div><\/figure>\n","post_title":"Crypto Is Not Going Away, Billionaire David Rubenstein","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"crypto-is-not-going-away-billionaire-david-rubenstein","to_ping":"","pinged":"","post_modified":"2022-10-03 16:02:18","post_modified_gmt":"2022-10-03 05:02:18","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7480","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7348,"post_author":"1","post_date":"2022-09-25 00:12:26","post_date_gmt":"2022-09-24 14:12:26","post_content":"\n
Ethereum recently merged its proof-of-work (PoW) blockchain with its proof-of-stake (PoS) blockchain which reduced its energy consumption by 99.95% and made the network more scalable for future projects.<\/p>\n\n\n\n
At the recent Mainnet event, Ethereum co-founder Vitalik Buterin<\/a> was questioned<\/a> about PoS<\/a> as a consensus model. \"Should all networks move to PoS?\" Ryan Selkis<\/a> asked, Buterin replied that \"As PoS matures I would expect it to increase in legitimacy over time. I hope Zcash moves over and I am hopeful Dogecoin moves to PoS soon.\"<\/li><\/ul>\n\n\n\n
Zcash is a blockchain that focused heavily on user privacy with the company behind Zcash already detailing<\/a> how the privacy coin would transition to PoS. This may not be as simple due to the heavy decentralization of the network, comparing it to its launch<\/a> which had 6 pseudonymous identities all with a portion of the network's private key.<\/li><\/ul>\n\n\n\n
On the other hand, Dogecoin is a cryptocurrency that has grown heavily in popularity over the past few years despite launching to mock cryptocurrencies. Dogecoin is now commonly accepted by vendors and its developers have expressed interest in a PoS chain.<\/li><\/ul>\n\n\n\n
ZCash is currently trading at $57.59 and is the 54th largest token<\/a> by market cap. Dogecoin is currently trading at $0.066 and is the 10th largest token by ma<\/a>r<\/a>ket cap<\/a>.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Hopeful That ZCash And Dogecoin Move To PoS - Vitalik Buterin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"hopeful-that-zcash-and-dogecoin-move-to-pos-vitalik-buterin","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/proof-of-stake\/\nhttps:\/\/www.thedistributed.co\/whistleblower-edward-snowden-played-a-key-role-in-the-creation-of-zcash\/","post_modified":"2023-04-30 21:30:23","post_modified_gmt":"2023-04-30 11:30:23","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7348","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7259,"post_author":"1","post_date":"2022-09-21 21:11:23","post_date_gmt":"2022-09-21 11:11:23","post_content":"\n
Katherine Polk Failla, a New York judge, has ordered<\/a> Tether to reveal the financial documents that prove its backing of the stable<\/a>c<\/a>oin<\/a>.<\/p>\n\n\n\n
Tether is required to provide the United States District Court for the Southern District of New York with \u201cgeneral ledgers, balance sheets, income statements, cash-flow statements, and profit and loss statements.\" The lawsuit alleges that Tether had conspired to artificially inflate the price of Bitcoin through a USDT campaign.<\/li><\/ul>\n\n\n\n
Tether has avoided providing these documents as they are \"sensitive\", although Failla justified the plaintiffs require the documents \"to asses the backing of USDT with US dollars...The documents sought in the transactions RFPs appear to go to one of Plaintiffs\u2019 core allegations: that the B\/T Defendants engaged in cyptocommodities transactions using unbacked USDT, and that those transactions \u201cwere strategically timed to inflate the market.\u2019\u201d<\/li><\/ul>\n\n\n\n
Tether is also required to cough up accounts and details related to accounts held with Bitfiniex, Bittrex, and Poloniex as apart of a case<\/a> against iFinex started in 2019 - the company behind Bitfinex and Tether.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Tethers Peso-Backed Stablecoin MXNT Launches In Mexico<\/a><\/p>\n","post_title":"Tether Ordered To Reveal USDTs Exact Backings","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"tether-ordered-to-reveal-usdts-exact-backings","to_ping":"","pinged":"","post_modified":"2023-04-10 18:53:49","post_modified_gmt":"2023-04-10 08:53:49","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7259","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7229,"post_author":"1","post_date":"2022-09-20 22:22:55","post_date_gmt":"2022-09-20 12:22:55","post_content":"\n
Raoul Pal, a former executive at Goldman Sachs and macro expert believes that Ethereum could lead markets in the next bull cycle.<\/p>\n\n\n\n
Pal recently hosted<\/a> an ask me anything (AMA). Amongst various different questions, Pal predicted that \u201cas adoption keeps building, a lot of adoption spills outside of ETH into the Solana, Avalanche, and a bunch of other protocols as well.\" He added that \"we\u2019re going to see ETH lead the charge, and then we\u2019ll see this tail of stuff starting to come as we start a new bull market and generally things work that way.\u201d<\/p>\n\n\n\n
Pal is keeping his eye on one Ethereum competitor though. \u201cI think a lot of these layer ones this time around will be like ETH in the last cycle. They\u2019ll end up becoming very large dominant chains. Which ones? I don\u2019t really know. My bet is really on Solana, but it could be any of these.\" He added that he is \"watching them and waiting to see,\" tracking SOL\/ETH using a DeMark indicator.<\/p>\n\n\n\n
Pal also recommends listening to a broad base of opinions when doing research for the upcoming markets. \"You weigh them [varying opinions] yourself, how important is that to me?... Having people's opposite opinions, differences, and nuances, is really important for the macro scenario...Once you start listening to a lot of people you can start formulating your own opinions.\" <\/p>\n\n\n\n
He believes that you should follow what makes the most sense from your view - this added responsibility will likely form a better and stronger choice for yourself.<\/p>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n\n\n\n
\nhttps:\/\/www.youtube.com\/watch?v=H5j8mHKHScU\n<\/div>
Raoul Pal - Ask Me Anything<\/figcaption><\/figure>\n","post_title":"ETH Will Lead Charge Next Cycle Predicts Raoul Pal","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"eth-will-lead-charge-next-cycle-predicts-raoul-pal","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-misconceptions-with-the-ethereum-merge\/","post_modified":"2023-04-10 18:54:37","post_modified_gmt":"2023-04-10 08:54:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7229","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7153,"post_author":"1","post_date":"2022-09-19 20:57:39","post_date_gmt":"2022-09-19 10:57:39","post_content":"\n
Ethereum has just completed its merge<\/a> to a proof-of-stake<\/a> consensus from proof-of-work, could the primary source of validation bring in more institutional investors?<\/p>\n\n\n\n
\"They're [instiutional investors] looking for yield,\" said<\/a> FalconX CEO Raghu Yarlagadda in a recent interview with CoinDesk, \"with the ETH merge, the possibility of generating a sustainable, stable yield is interesting\" he added. <\/li><\/ul>\n\n\n\n
PoS is a consensus mechanism where transactions are validated through users staking their coins, in return for staking users will receive a small fee for playing their part. Currently, on Ethereum, this may yield users around 10-15% annually which makes it an alternative to typical bonds. <\/li><\/ul>\n\n\n\n
The reduced energy consumption could also make for a more eco-friendly investment in institutional eyes. Environmental, Social, and Governance (ESG) is a metric popular amongst various institutions, so Ethereum reducing its energy consumption by 99.95% and reducing<\/a> the world's energy consumption by 0.02% is a big plus.<\/li><\/ul>\n\n\n\n
Ethereum will also be more scarce now the merge has happened with annual issuance dropping ~90% to 600,000 per year and burning<\/a> of Ethereum transaction fees, along with staking taking even more Ethereum out of circulation.<\/li><\/ul>\n\n\n\n
Although it may attract institutional investors, using it in an institutional scene may not be the most efficient thing to do as of yet. Currently, Ethereum has 15 transactions per second (TP\/S) compared to VISA with ~1,700 and Solana at 2,300. The merge promises to make Ethereum more accessible which could bring scaling solutions to light that improve its lacking metrics.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> The Misconceptions With The Ethereum Merge<\/a><\/p>\n","post_title":"Ethereum May Attract Institutional Investors \"Looking For Yield\"","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"ethereum-may-attract-institutional-investors-looking-for-yield","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2023-04-10 18:54:55","post_modified_gmt":"2023-04-10 08:54:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7153","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7141,"post_author":"1","post_date":"2022-09-14 22:57:51","post_date_gmt":"2022-09-14 12:57:51","post_content":"\n
Do Kwon, co-founder of Terraform Labs has been issued an arrest warrant by a South Korean court in the wake of Terra Luna's collapse<\/a> earlier this year.<\/p>\n\n\n\n
A report<\/a> from South Korean news outlet Chosun Ilbo details that there were an additional 5 arrest warrants laid out. This includes Nicholas Platias, a founding member of Terraform Labs, and Han Mo, an employee. The charges being faced are for violating the Capital Markets Act. As prosecutors believe that Terra Luna falls under an \u201cinvestment contract security\u201d.<\/li><\/ul>\n\n\n\n
Although the warrant was issued by a South Korean court, key members of Terraform Labs including Kwon and the 5 other individuals are currently located in Singapore. As a result, the warrant is valid for the next year. This comes after South Korean authorities banned<\/a> Terra Luna's main designers from leaving the country.<\/li><\/ul>\n\n\n\n
After LUNA and sister stablecoin<\/a> UST collapsed earlier this year, investors were bought to outrage with a combined US$42B wiped out from the two coins alongside a 99.99% drop in price. In turn, investors were quick to sue Kwon and others for violating various laws and acts as rumors<\/a> were quick to spread in relation to the downfall.<\/li><\/ul>\n\n\n\n
See Related:<\/strong><\/em> War On Code \u2013 Tornado Cash Developer Alexey Pertsev Arrested<\/a><\/p>\n","post_title":"Terra's Do Kwon Wanted For Arrest By Seoul Court","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"terras-do-kwon-wanted-for-arrest-by-seoul-court","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-30 21:31:32","post_modified_gmt":"2023-04-30 11:31:32","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7141","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7107,"post_author":"1","post_date":"2022-09-12 21:36:27","post_date_gmt":"2022-09-12 11:36:27","post_content":"\n
Benjamin Cowen<\/a> is a well-regarded crypto analyst, using a historically accurate indicator he has found it likely that Bitcoin has hit its bottom or is very close to doing so.<\/p>\n\n\n\n
Cowen was recently featured<\/a> on Kitco News where he discussed his use of the metric. \"One of the interesting things about this chart is that historically, Bitcoin does not bottom until after they cross,\" he stated.<\/li><\/ul>\n\n\n\n
The indicator Cowen used is the Bitcoin Percentage Of Supply In Profit And Loss<\/a>. This indicates how many Bitcoins are at a profit or loss for their holders. Looking at the chart from a widened perspective Cowen shows how this metric has accompanied tops and bottoms over the long term.<\/li><\/ul>\n\n\n\n
Cowen added that they have recently just crossed each other and how the bottom typically occurs after they cross. \"When it comes up here, that\u2019s generally the time where you want to scale out when we\u2019re continuing to push those new all-time highs so to me this is an indicator that would suggest that if we did get another leg down there\u2019s a lot of evidence that could be the major bottom,\" he added.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bullish On Bitcoin, It\u2019s Trading At A Discount \u2013 Bloomberg Intelligence<\/a><\/p>\n\n\n\n
$\"Benjamin$
Benjamin Cowen Illustrating The Bitcoin Percentage Of Supply In Profit And Loss Metric Source: YouTube\/Kitco News<\/em><\/figcaption><\/figure>\n","post_title":"Bitcoins Bottom Is Likely In, Crypto Analyst Benjamin Cowen","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoins-bottom-is-likely-in-crypto-analyst-benjamin-cowen","to_ping":"","pinged":"","post_modified":"2023-04-11 00:07:43","post_modified_gmt":"2023-04-10 14:07:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7107","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":7093,"post_author":"1","post_date":"2022-09-11 19:27:57","post_date_gmt":"2022-09-11 09:27:57","post_content":"\n
Mike McGlone is a senior strategist at Bloomberg Intelligence, has recently shared multiple on Twitter discussing various commodities and concerns related to the current state of markets worldwide.<\/p>\n\n\n\n
In one tweet McGlone outlined his September Crypto Outlook<\/a><\/em> where he believes that the world is leaning towards a recession in light of recent events including the tightening of interest rates by the Federal Reserve.<\/li><\/ul>\n\n\n\n
A key indicator that had encouraged the Fed's fight against inflation was the soar in energy prices. This pressured high-risk assets, namely cryptocurrencies, and once the dust settles from recent events crypto prices will start to \"bouy\" as \u201ccrude oil decline may fuel Bitcoin recovery.\u201d Reuters recently reported<\/a> that the Strategic Petroleum Reserve (SPR) fell to its lowest level in more than 35 years.<\/li><\/ul>\n\n\n\n
Price data from 2018-19 was compared to price data from today showing a similar benchmark where \"Bitcoin is at a discount within an elongated bull market.\"<\/li><\/ul>\n\n\n\n
$\""Too$
Bitcoin Price Data. Source: Bloomberg Intelligence<\/figcaption><\/figure>\n\n\n\n
In an interview<\/a> with Bell Media, McGlone believes that cryptocurrencies will continue to outperform traditional assets with declining volatility. He hints at being bullish on Bitcoin believing will put in a bottom at, or below $20,000 similar to 2018 and 2013 before going into an upward trajectory.<\/li><\/ul>\n\n\n\n
McGlone hinted at Ethereum becoming a large part of the financial system as the merge<\/a> approaches due to its ability to make tokenized assets<\/a> readily accessible to the public just like ETFs had done with traditional assets.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> Bitcoin Will Return \u2013 Ruchir Sharma, The Chairman Of Rockefeller International<\/a><\/p>\n","post_title":"Bullish On Bitcoin, It's Trading At A Discount - Bloomberg Intelligence","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bullish-on-bitcoin-its-trading-at-a-discount-bloomberg-intelligence","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/ethereum-proof-of-stake-merge-set-for-mid-september\/\nhttps:\/\/www.thedistributed.co\/tokenized-assets\/\nhttps:\/\/www.thedistributed.co\/bitcoin-will-return-ruchir-sharma-the-chairman-of-rockefeller-international\/","post_modified":"2023-04-11 00:07:57","post_modified_gmt":"2023-04-10 14:07:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=7093","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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