VOTING POWER0.00%
DOWNVOTE POWER0.00%
RESOURCE CREDITS100.00%
REPUTATION PROGRESS0.00%
Net Worth
0.000USD
STEEM
0.001STEEM
SBD
0.000SBD
Own SP
0.000SP
Detailed Balance
| STEEM | ||
| balance | 0.001STEEM | STEEM |
| market_balance | 0.000STEEM | STEEM |
| savings_balance | 0.000STEEM | STEEM |
| reward_steem_balance | 0.000STEEM | STEEM |
| STEEM POWER | ||
| Own SP | 0.000SP | SP |
| Delegated Out | 0.000SP | SP |
| Delegation In | 0.000SP | SP |
| Effective Power | 0.000SP | SP |
| Reward SP (pending) | 0.000SP | SP |
| SBD | ||
| sbd_balance | 0.000SBD | SBD |
| sbd_conversions | 0.000SBD | SBD |
| sbd_market_balance | 0.000SBD | SBD |
| savings_sbd_balance | 0.000SBD | SBD |
| reward_sbd_balance | 0.000SBD | SBD |
{
"balance": "0.001 STEEM",
"savings_balance": "0.000 STEEM",
"reward_steem_balance": "0.000 STEEM",
"vesting_shares": "0.000000 VESTS",
"delegated_vesting_shares": "0.000000 VESTS",
"received_vesting_shares": "0.000000 VESTS",
"sbd_balance": "0.000 SBD",
"savings_sbd_balance": "0.000 SBD",
"reward_sbd_balance": "0.000 SBD",
"conversions": []
}Account Info
| name | decryptonews |
| id | 1563152 |
| rank | 1,779,476 |
| reputation | 475640859 |
| created | 2021-07-20T16:44:33 |
| recovery_account | steem |
| proxy | None |
| post_count | 15 |
| comment_count | 0 |
| lifetime_vote_count | 0 |
| witnesses_voted_for | 0 |
| last_post | 2021-07-22T04:43:36 |
| last_root_post | 2021-07-22T04:43:36 |
| last_vote_time | 2021-07-22T04:44:06 |
| proxied_vsf_votes | 0, 0, 0, 0 |
| can_vote | 1 |
| voting_power | 0 |
| delayed_votes | 0 |
| balance | 0.001 STEEM |
| savings_balance | 0.000 STEEM |
| sbd_balance | 0.000 SBD |
| savings_sbd_balance | 0.000 SBD |
| vesting_shares | 0.000000 VESTS |
| delegated_vesting_shares | 0.000000 VESTS |
| received_vesting_shares | 0.000000 VESTS |
| reward_vesting_balance | 0.000000 VESTS |
| vesting_balance | 0.000 STEEM |
| vesting_withdraw_rate | 0.000000 VESTS |
| next_vesting_withdrawal | 1969-12-31T23:59:59 |
| withdrawn | 0 |
| to_withdraw | 0 |
| withdraw_routes | 0 |
| savings_withdraw_requests | 0 |
| last_account_recovery | 1970-01-01T00:00:00 |
| reset_account | null |
| last_owner_update | 1970-01-01T00:00:00 |
| last_account_update | 2021-07-21T16:08:39 |
| mined | No |
| sbd_seconds | 0 |
| sbd_last_interest_payment | 1970-01-01T00:00:00 |
| savings_sbd_last_interest_payment | 1970-01-01T00:00:00 |
{
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1
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"last_post": "2021-07-22T04:43:36",
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"lifetime_vote_count": 0,
"market_history": [],
"memo_key": "STM5QA5UgoxByCwTMgwYSEGtdxEbdUJ5HALtRzyXM1rSS1aEZ8wM1",
"mined": false,
"name": "decryptonews",
"next_vesting_withdrawal": "1969-12-31T23:59:59",
"other_history": [],
"owner": {
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"posting_rewards": 0,
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"proxy": "",
"received_vesting_shares": "0.000000 VESTS",
"recovery_account": "steem",
"reputation": 475640859,
"reset_account": "null",
"reward_sbd_balance": "0.000 SBD",
"reward_steem_balance": "0.000 STEEM",
"reward_vesting_balance": "0.000000 VESTS",
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},
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"withdrawn": 0,
"witness_votes": [],
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"rank": 1779476
}Withdraw Routes
| Incoming | Outgoing |
|---|---|
Empty | Empty |
{
"incoming": [],
"outgoing": []
}From Date
To Date
neerajkr03replied to @decryptonews / qxuba22021/08/14 17:29:57
neerajkr03replied to @decryptonews / qxuba2
2021/08/14 17:29:57
| author | neerajkr03 |
| body | </div> <div class="text-justify"> Welcome to Steem! Steem blockchain community rewards original content. Would it be possible for you to cite the source of the image? <hr> There are many growing communities here that you may want to join, here is the [latest list](https://steemit.com/hive-133716/@randulakoralage/list-of-steemit-communities-categorized-by-their-subjects-v3) of communities prepared by randulakoralage. For general information about what is happening on Steem follow @steemitblog. <hr> Here is a post that explains everything steps by steps that will help you understand more about Steemit ecosystem, wallet security, Newcomers Achievement Program, list of tutorials, how to use tag in your post, how to claim your reward, how to exchange SBD to Steem, and many useful information. [Click here](https://steemit.com/hive-172186/@cryptokannon/notice-board-of-newcomers-community-updated-13-4-2021) to view this post. <hr> <div><p>There is a set of achievements prepared by <a href="/cryptokannon">cryptokannon</a> for new comers.</p> <ol> <li><p>First go to <a href="https://steemit.com/trending/hive-172186">New Comers Community</a></p></li> <li><p>Read <a href="https://steemit.com/hive-172186/@cryptokannon/achievement-tasks-resources-and-materials-newcomers-retention">this </a> summary about achievements.</p></li> <li><p>First achievement is a self introduction. <a href="https://steemit.com/hive-172186/@cryptokannon/achievement-1-mentor-by-cryptokannon-verification-through-introduction">THESE are the rules</a> for the post.</p></li> <li><p>Likewise, you can do all achievements. You can learn about steemit related things and get rewarded as well.</p></li> </ol> Regards, @neerajkr03 </div> |
| json metadata | {"users":["steemitblog","neerajkr03"],"links":["https://steemit.com/hive-133716/@randulakoralage/list-of-steemit-communities-categorized-by-their-subjects-v3","https://steemit.com/hive-172186/@cryptokannon/notice-board-of-newcomers-community-updated-13-4-2021","/cryptokannon","https://steemit.com/trending/hive-172186","https://steemit.com/hive-172186/@cryptokannon/achievement-tasks-resources-and-materials-newcomers-retention","https://steemit.com/hive-172186/@cryptokannon/achievement-1-mentor-by-cryptokannon-verification-through-introduction"],"app":"steemit/0.2"} |
| parent author | decryptonews |
| parent permlink | elon-musk-says-bitcoin-may-have-already-hit-his-benchmark-on-renewable-energy |
| permlink | qxuba2 |
| title | |
| Transaction Info | Block #56363931/Trx b55addde317ac222a62cd9b4683c2e82cc5e7667 |
View Raw JSON Data
{
"block": 56363931,
"op": [
"comment",
{
"author": "neerajkr03",
"body": "</div>\n<div class=\"text-justify\">\n\nWelcome to Steem!\n\nSteem blockchain community rewards original content. Would it be possible for you to cite the source of the image?\n\n<hr>\n\nThere are many growing communities here that you may want to join, here is the [latest list](https://steemit.com/hive-133716/@randulakoralage/list-of-steemit-communities-categorized-by-their-subjects-v3) of communities prepared by randulakoralage.\n\nFor general information about what is happening on Steem follow @steemitblog.\n<hr>\n\nHere is a post that explains everything steps by steps that will help you understand more about Steemit ecosystem, wallet security, Newcomers Achievement Program, list of tutorials, how to use tag in your post, how to claim your reward, how to exchange SBD to Steem, and many useful information. [Click here](https://steemit.com/hive-172186/@cryptokannon/notice-board-of-newcomers-community-updated-13-4-2021) to view this post.\n\n<hr>\n\n<div><p>There is a set of achievements prepared by <a href=\"/cryptokannon\">cryptokannon</a> for new comers.</p>\n<ol>\n<li><p>First go to <a href=\"https://steemit.com/trending/hive-172186\">New Comers Community</a></p></li>\n<li><p>Read <a href=\"https://steemit.com/hive-172186/@cryptokannon/achievement-tasks-resources-and-materials-newcomers-retention\">this </a> summary about achievements.</p></li>\n<li><p>First achievement is a self introduction. <a href=\"https://steemit.com/hive-172186/@cryptokannon/achievement-1-mentor-by-cryptokannon-verification-through-introduction\">THESE are the rules</a> for the post.</p></li>\n<li><p>Likewise, you can do all achievements. You can learn about steemit related things and get rewarded as well.</p></li>\n</ol>\n\nRegards,\n@neerajkr03\n</div>",
"json_metadata": "{\"users\":[\"steemitblog\",\"neerajkr03\"],\"links\":[\"https://steemit.com/hive-133716/@randulakoralage/list-of-steemit-communities-categorized-by-their-subjects-v3\",\"https://steemit.com/hive-172186/@cryptokannon/notice-board-of-newcomers-community-updated-13-4-2021\",\"/cryptokannon\",\"https://steemit.com/trending/hive-172186\",\"https://steemit.com/hive-172186/@cryptokannon/achievement-tasks-resources-and-materials-newcomers-retention\",\"https://steemit.com/hive-172186/@cryptokannon/achievement-1-mentor-by-cryptokannon-verification-through-introduction\"],\"app\":\"steemit/0.2\"}",
"parent_author": "decryptonews",
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}steemdelegated 0.000 SP to @decryptonews2021/07/26 04:26:33
steemdelegated 0.000 SP to @decryptonews
2021/07/26 04:26:33
| delegatee | decryptonews |
| delegator | steem |
| vesting shares | 0.000000 VESTS |
| Transaction Info | Block #55804793/Trx 28d53b10b118caeda448e5102a4d796bca2202c0 |
View Raw JSON Data
{
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"op": [
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"virtual_op": 0
}2021/07/23 05:42:36
2021/07/23 05:42:36
| author | decryptonews |
| permlink | spacex-owns-bitcoin-elon-musk-and-nic-carter-believe-btc-is-becoming-greener |
| voter | birdmaker |
| weight | -10000 (-100.00%) |
| Transaction Info | Block #55722996/Trx d556ff30c9db2e8d75ed825dc0bf64bb954e4f67 |
View Raw JSON Data
{
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}2021/07/23 05:42:33
2021/07/23 05:42:33
| author | decryptonews |
| permlink | tether-promises-an-audit-in-months-as-paxos-claims-usdt-is-not-a-real-stablecoin |
| voter | birdmaker |
| weight | -10000 (-100.00%) |
| Transaction Info | Block #55722995/Trx 614226ec1908a4a8e56cbf62264d52878859ac0a |
View Raw JSON Data
{
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}2021/07/23 05:42:27
2021/07/23 05:42:27
| author | decryptonews |
| permlink | ethereum-must-innovate-beyond-just-dapps-for-defi-degens-vitalik-buterin |
| voter | birdmaker |
| weight | -10000 (-100.00%) |
| Transaction Info | Block #55722993/Trx 39861dc4c270eec90ea49dde0a6bf9813f783314 |
View Raw JSON Data
{
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}2021/07/23 05:42:21
2021/07/23 05:42:21
| author | decryptonews |
| permlink | elon-musk-says-bitcoin-may-have-already-hit-his-benchmark-on-renewable-energy |
| voter | birdmaker |
| weight | -10000 (-100.00%) |
| Transaction Info | Block #55722991/Trx a2271e9ba23e7be36dd24be4001bfec519c51b98 |
View Raw JSON Data
{
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}sotoirflagged (-100.00%) @decryptonews / ftx-crypto-exchange-valued-at-usd18b-in-usd900m-funding-round2021/07/22 14:12:36
sotoirflagged (-100.00%) @decryptonews / ftx-crypto-exchange-valued-at-usd18b-in-usd900m-funding-round
2021/07/22 14:12:36
| author | decryptonews |
| permlink | ftx-crypto-exchange-valued-at-usd18b-in-usd900m-funding-round |
| voter | sotoir |
| weight | -10000 (-100.00%) |
| Transaction Info | Block #55704737/Trx 78cf423e8c44e959aba78aecfb1c88fcdaa6f98d |
View Raw JSON Data
{
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}sotoirflagged (-100.00%) @decryptonews / binance-stops-stock-token-sales-effective-immediately2021/07/22 14:12:30
sotoirflagged (-100.00%) @decryptonews / binance-stops-stock-token-sales-effective-immediately
2021/07/22 14:12:30
| author | decryptonews |
| permlink | binance-stops-stock-token-sales-effective-immediately |
| voter | sotoir |
| weight | -10000 (-100.00%) |
| Transaction Info | Block #55704735/Trx eb9a8141bbaa107cb30012f478952168da3855cd |
View Raw JSON Data
{
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"op": [
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{
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}sotoirflagged (-100.00%) @decryptonews / china-is-pumping-money-out-of-the-us-with-bitcoin2021/07/22 14:12:21
sotoirflagged (-100.00%) @decryptonews / china-is-pumping-money-out-of-the-us-with-bitcoin
2021/07/22 14:12:21
| author | decryptonews |
| permlink | china-is-pumping-money-out-of-the-us-with-bitcoin |
| voter | sotoir |
| weight | -10000 (-100.00%) |
| Transaction Info | Block #55704732/Trx 26dd9e776de079ec16a758dc62a79d8c9c9d38fa |
View Raw JSON Data
{
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}2021/07/22 14:12:15
2021/07/22 14:12:15
| author | decryptonews |
| permlink | europe-and-uk-binance-users-react-to-recent-restrictions-placed-on-exchange |
| voter | sotoir |
| weight | -10000 (-100.00%) |
| Transaction Info | Block #55704730/Trx 02253e963e1720b8d8d6fa10bd2df94f14e2a5bb |
View Raw JSON Data
{
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"op": [
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}sotoirflagged (-100.00%) @decryptonews / opensea-is-the-latest-crypto-unicorn-after-usd100m-funding-round2021/07/22 14:12:09
sotoirflagged (-100.00%) @decryptonews / opensea-is-the-latest-crypto-unicorn-after-usd100m-funding-round
2021/07/22 14:12:09
| author | decryptonews |
| permlink | opensea-is-the-latest-crypto-unicorn-after-usd100m-funding-round |
| voter | sotoir |
| weight | -10000 (-100.00%) |
| Transaction Info | Block #55704728/Trx e060604c25e9ee280888feb4c28058b987fcb878 |
View Raw JSON Data
{
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"op": [
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{
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}sotoirflagged (-100.00%) @decryptonews / ethereum-co-founder-liquidates-holdings-over-personal-safety-concerns2021/07/22 14:12:03
sotoirflagged (-100.00%) @decryptonews / ethereum-co-founder-liquidates-holdings-over-personal-safety-concerns
2021/07/22 14:12:03
| author | decryptonews |
| permlink | ethereum-co-founder-liquidates-holdings-over-personal-safety-concerns |
| voter | sotoir |
| weight | -10000 (-100.00%) |
| Transaction Info | Block #55704726/Trx e2fa253491b6a2c26272c7a07eaebe9d45464bf8 |
View Raw JSON Data
{
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"op": [
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2021/07/22 04:43:36
| author | decryptonews |
| body | "I want to do a little more diligence to confirm that the percentage of renewable energy usage is most likely at or above 50% and that there is a trend towards increasing that number," said the Tesla CEO. https://images.cointelegraph.com/images/717_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDcvZGYwNjUxNDQtYjA5Yi00NzQ0LTlmZTItM2M3MDgwYmE2NDhiLmpwZw==.jpg Tesla CEO Elon Musk has hinted that the crypto industry is on its way toward greener future, but Tesla won’t be accepting Bitcoin payments just yet. Speaking at "The ₿ Word" — a virtual Bitcoin (BTC) event with Twitter CEO Jack Dorsey, Ark Invest’s Cathie Wood and moderator Steve Lee from Square Crypto — Musk said that Tesla would “most likely” consider resuming crypto payments for its vehicles — a policy the CEO said the company would be stopping in May — but said he needed to exercise diligence before making a decision. “There appears to be a positive trend in the energy usage of Bitcoin,” said Musk, alsexpressing skepticism at the speed at which the network had moved towards green energy sources. “There’s just no way you could basically double or triple the amount of energy in such a short period of time with renewables [...] Tesla’s mission is accelerating sustainable energy. We can’t be the company that does that and not do appropriate diligence on the energy usage of Bitcoin.” He added: “It looks like Bitcoin is shifting a lot more towards renewables and a bunch of the heavy duty coal plants that were unequivocally being used have been shut down, especially in China. I want to do a little more diligence to confirm that the percentage of renewable energy usage is most likely at or above 50% and that there is a trend towards increasing that number. If so, Tesla will resume accepting Bitcoin.” https://s3.cointelegraph.com/uploads/2021-07/307f2e6e-dd94-41ae-a9df-b4c1bdc97bf0.png In May, Musk announced that Tesla would no longer accept Bitcoin payments due to the network’s “increasingly rapid use of fossil fuels.” The price of the crypto asset subsequently fell under $40,000 for the first time since February. The Tesla CEO later clarified that the company would resume BTC transactions when there was confirmation miners were using more than 50% clean energy “with positive future trend.” Musk also addressed some of the allegations from professionals that he had orchestrated a pump-and-dump scheme given his social media posts on cryptocurrencies including BTC and Dogecoin (DOGE). He said the only three assets “of any significance” that he owned outside of SpaceX and Tesla stock were BTC, DOGE, and Ether (ETH), and that neither he nor Tesla had sold any Bitcoin since the announcement stopping crypto payments. “If the price of Bitcoin goes down, I lose money,” said Musk: “I might pump, but I don’t dump. I definitely do not believe in getting the price high and selling it or anything like that.” As reported, Musk said in April that Tesla had sold a portion of its Bitcoin holdings — with net proceeds of roughly $272 million at the time — to prove the asset’s liquidity as an alternative to cash. He has not revealed how much of the crypto asset he personally owns, but said even his one-year-old son owns some Dogecoin. #Mining #Business #Energy Consumption #Bitcoin Mining #Tesla #Energy #Elon Musk #Jack Dorsey #Bitcoin News |
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"body": "\"I want to do a little more diligence to confirm that the percentage of renewable energy usage is most likely at or above 50% and that there is a trend towards increasing that number,\" said the Tesla CEO.\n\nhttps://images.cointelegraph.com/images/717_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDcvZGYwNjUxNDQtYjA5Yi00NzQ0LTlmZTItM2M3MDgwYmE2NDhiLmpwZw==.jpg\n\nTesla CEO Elon Musk has hinted that the crypto industry is on its way toward greener future, but Tesla won’t be accepting Bitcoin payments just yet.\n\nSpeaking at \"The ₿ Word\" — a virtual Bitcoin (BTC) event with Twitter CEO Jack Dorsey, Ark Invest’s Cathie Wood and moderator Steve Lee from Square Crypto — Musk said that Tesla would “most likely” consider resuming crypto payments for its vehicles — a policy the CEO said the company would be stopping in May — but said he needed to exercise diligence before making a decision.\n\n“There appears to be a positive trend in the energy usage of Bitcoin,” said Musk, alsexpressing skepticism at the speed at which the network had moved towards green energy sources. “There’s just no way you could basically double or triple the amount of energy in such a short period of time with renewables [...] Tesla’s mission is accelerating sustainable energy. We can’t be the company that does that and not do appropriate diligence on the energy usage of Bitcoin.”\n\nHe added:\n\n“It looks like Bitcoin is shifting a lot more towards renewables and a bunch of the heavy duty coal plants that were unequivocally being used have been shut down, especially in China. I want to do a little more diligence to confirm that the percentage of renewable energy usage is most likely at or above 50% and that there is a trend towards increasing that number. If so, Tesla will resume accepting Bitcoin.”\n\nhttps://s3.cointelegraph.com/uploads/2021-07/307f2e6e-dd94-41ae-a9df-b4c1bdc97bf0.png\n\nIn May, Musk announced that Tesla would no longer accept Bitcoin payments due to the network’s “increasingly rapid use of fossil fuels.” The price of the crypto asset subsequently fell under $40,000 for the first time since February. The Tesla CEO later clarified that the company would resume BTC transactions when there was confirmation miners were using more than 50% clean energy “with positive future trend.”\n\nMusk also addressed some of the allegations from professionals that he had orchestrated a pump-and-dump scheme given his social media posts on cryptocurrencies including BTC and Dogecoin (DOGE). He said the only three assets “of any significance” that he owned outside of SpaceX and Tesla stock were BTC, DOGE, and Ether (ETH), and that neither he nor Tesla had sold any Bitcoin since the announcement stopping crypto payments.\n\n“If the price of Bitcoin goes down, I lose money,” said Musk:\n\n“I might pump, but I don’t dump. I definitely do not believe in getting the price high and selling it or anything like that.”\n\nAs reported, Musk said in April that Tesla had sold a portion of its Bitcoin holdings — with net proceeds of roughly $272 million at the time — to prove the asset’s liquidity as an alternative to cash. He has not revealed how much of the crypto asset he personally owns, but said even his one-year-old son owns some Dogecoin.\n#Mining\n#Business\n#Energy Consumption\n#Bitcoin Mining\n#Tesla\n#Energy\n#Elon Musk\n#Jack Dorsey\n#Bitcoin News",
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}decryptonewspublished a new post: ethereum-must-innovate-beyond-just-dapps-for-defi-degens-vitalik-buterin2021/07/22 04:35:33
decryptonewspublished a new post: ethereum-must-innovate-beyond-just-dapps-for-defi-degens-vitalik-buterin
2021/07/22 04:35:33
| author | decryptonews |
| body | As second layer scaling matures for Ethereum, Vitalik Buterin urges the community to grow beyond the confines of DeFi. https://images.cointelegraph.com/images/717_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDcvODhmNDQ4ZmEtMDhlNC00YTMxLTgxNTctOTk4NTgxNzA3YWFlLmpwZw==.jpg During his keynote at the EthCC conference in Paris, Ethereum co-founder and lead developer Vitalik Buterin implored the Ethereum community to innovate beyond the confines of decentralized finance. Describing non-financial utilities as “the most interesting part of the vision of general-purpose blockchains,” Buterin lamented that financial applications currently “dominate the Ethereum space.” “Being defined by DeFi is better than being defined by nothing. But it needs to go further.” Buterin outlines several non-financial applications for Ethereum, including decentralized social media, identity verification and attestation, and retroactive public goods funding. “Moving beyond DeFi is not about being against DeFi. I actually think [...] the most interesting Ethereum applications are going to combine elements of finance and non-finance,” said Buterin. “Maybe a few years from now we’ll have a lot of really exciting things [...] that are just providing all kind of very diverse and real value to all kinds of people, not just within the Ethereum ecosystem, but also going far beyond it as well,” he added. Buterin has already begun work on public goods funding. In a July 21 blog post co-authored by Buterin, layer-two scaling solution, Optimism, pledged to fund open source development through a retroactive rewards protocol, with Optimism committing all profits generated through sequencing to the initiative. Why DeFi? Buterin attributes the Ethereum community’s preoccupation with DeFi to two main factors. Firstly, Vitalik asserted that “finance is just the area where centralized technology sucks the most,” concluding that finance offers a larger domain for decentralization than other centralized industries: “I can send you a centralized email and you will get it within one second. And sure, maybe various intelligence agencies will read it, but at least you could read it and at least you can read it one second from now. International bank wires do not work that way.” Buterin also emphasized the prevalence of high fees in pushing the sector toward financial applications, noting: “The degens can pay for it, the apes can pay for it, the orangutans can pay for it. But if we start talking about a decentralized social media, where every tweet becomes an NFT, then that can’t work if you have $5.22 transaction fees.” However, Buterin offered that the challenge of high transaction fees “is now being solved” by Ethereum’s growing ecosystem of layer-two networks. With work to mitigate transaction costs on Ethereum currently underway, Buterin asserts that now is the time to begin exploring how Ethereum can be used to tackle other issues, stating: “the Ethereum ecosystem has to expand beyond just making tokens that help with trading other tokens.” “If you just take this narrow thing that is DeFi, and you keep pushing it to infinity [...] you’re just gonna get tokens that give you profit from yield farming other currencies that are financial derivatives between other yield farming tokens,” he said. Despite noting that financial derivatives offer some value to the sector, Buterin warned of the systemic risk associated with complex derivative products, concluding: “Let’s not just do DeFi.” “These things are valuable up to layer-one and layer-two, [...] but once you get to layer-six, you’re actually increasing the financial instability and the risk this whole thing is going to collapse.” #Ethereum #DeFi |
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| permlink | ethereum-must-innovate-beyond-just-dapps-for-defi-degens-vitalik-buterin |
| title | Ethereum must innovate beyond just DApps for DeFi degens: Vitalik Buterin |
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"body": "As second layer scaling matures for Ethereum, Vitalik Buterin urges the community to grow beyond the confines of DeFi.\n\nhttps://images.cointelegraph.com/images/717_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDcvODhmNDQ4ZmEtMDhlNC00YTMxLTgxNTctOTk4NTgxNzA3YWFlLmpwZw==.jpg\n\nDuring his keynote at the EthCC conference in Paris, Ethereum co-founder and lead developer Vitalik Buterin implored the Ethereum community to innovate beyond the confines of decentralized finance.\n\nDescribing non-financial utilities as “the most interesting part of the vision of general-purpose blockchains,” Buterin lamented that financial applications currently “dominate the Ethereum space.”\n\n“Being defined by DeFi is better than being defined by nothing. But it needs to go further.”\nButerin outlines several non-financial applications for Ethereum, including decentralized social media, identity verification and attestation, and retroactive public goods funding.\n\n“Moving beyond DeFi is not about being against DeFi. I actually think [...] the most interesting Ethereum applications are going to combine elements of finance and non-finance,” said Buterin.\n\n“Maybe a few years from now we’ll have a lot of really exciting things [...] that are just providing all kind of very diverse and real value to all kinds of people, not just within the Ethereum ecosystem, but also going far beyond it as well,” he added.\n\nButerin has already begun work on public goods funding. In a July 21 blog post co-authored by Buterin, layer-two scaling solution, Optimism, pledged to fund open source development through a retroactive rewards protocol, with Optimism committing all profits generated through sequencing to the initiative.\n\nWhy DeFi?\n\nButerin attributes the Ethereum community’s preoccupation with DeFi to two main factors.\n\nFirstly, Vitalik asserted that “finance is just the area where centralized technology sucks the most,” concluding that finance offers a larger domain for decentralization than other centralized industries:\n\n“I can send you a centralized email and you will get it within one second. And sure, maybe various intelligence agencies will read it, but at least you could read it and at least you can read it one second from now. International bank wires do not work that way.”\n\nButerin also emphasized the prevalence of high fees in pushing the sector toward financial applications, noting:\n\n“The degens can pay for it, the apes can pay for it, the orangutans can pay for it. But if we start talking about a decentralized social media, where every tweet becomes an NFT, then that can’t work if you have $5.22 transaction fees.”\n\nHowever, Buterin offered that the challenge of high transaction fees “is now being solved” by Ethereum’s growing ecosystem of layer-two networks.\n\nWith work to mitigate transaction costs on Ethereum currently underway, Buterin asserts that now is the time to begin exploring how Ethereum can be used to tackle other issues, stating: “the Ethereum ecosystem has to expand beyond just making tokens that help with trading other tokens.”\n\n“If you just take this narrow thing that is DeFi, and you keep pushing it to infinity [...] you’re just gonna get tokens that give you profit from yield farming other currencies that are financial derivatives between other yield farming tokens,” he said.\n\nDespite noting that financial derivatives offer some value to the sector, Buterin warned of the systemic risk associated with complex derivative products, concluding: “Let’s not just do DeFi.”\n\n“These things are valuable up to layer-one and layer-two, [...] but once you get to layer-six, you’re actually increasing the financial instability and the risk this whole thing is going to collapse.”\n\n#Ethereum\n#DeFi",
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}decryptonewspublished a new post: ethereum-must-innovate-beyond-just-dapps-for-defi-degens-vitalik-buterin2021/07/22 04:32:45
decryptonewspublished a new post: ethereum-must-innovate-beyond-just-dapps-for-defi-degens-vitalik-buterin
2021/07/22 04:32:45
| author | decryptonews |
| body | As second layer scaling matures for Ethereum, Vitalik Buterin urges the community to grow beyond the confines of DeFi. https://images.cointelegraph.com/images/717_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDcvODhmNDQ4ZmEtMDhlNC00YTMxLTgxNTctOTk4NTgxNzA3YWFlLmpwZw==.jpg During his keynote at the EthCC conference in Paris, Ethereum co-founder and lead developer Vitalik Buterin implored the Ethereum community to innovate beyond the confines of decentralized finance. Describing non-financial utilities as “the most interesting part of the vision of general-purpose blockchains,” Buterin lamented that financial applications currently “dominate the Ethereum space.” “Being defined by DeFi is better than being defined by nothing. But it needs to go further.” Buterin outlines several non-financial applications for Ethereum, including decentralized social media, identity verification and attestation, and retroactive public goods funding. “Moving beyond DeFi is not about being against DeFi. I actually think [...] the most interesting Ethereum applications are going to combine elements of finance and non-finance,” said Buterin. “Maybe a few years from now we’ll have a lot of really exciting things [...] that are just providing all kind of very diverse and real value to all kinds of people, not just within the Ethereum ecosystem, but also going far beyond it as well,” he added. Buterin has already begun work on public goods funding. In a July 21 blog post co-authored by Buterin, layer-two scaling solution, Optimism, pledged to fund open source development through a retroactive rewards protocol, with Optimism committing all profits generated through sequencing to the initiative. Why DeFi? Buterin attributes the Ethereum community’s preoccupation with DeFi to two main factors. Firstly, Vitalik asserted that “finance is just the area where centralized technology sucks the most,” concluding that finance offers a larger domain for decentralization than other centralized industries: “I can send you a centralized email and you will get it within one second. And sure, maybe various intelligence agencies will read it, but at least you could read it and at least you can read it one second from now. International bank wires do not work that way.” Buterin also emphasized the prevalence of high fees in pushing the sector toward financial applications, noting: The degens can pay for it, the apes can pay for it, the orangutans can pay for it. But if we start talking about a decentralized social media, where every tweet becomes an NFT, then that can’t work if you have $5.22 transaction fees.” However, Buterin offered that the challenge of high transaction fees “is now being solved” by Ethereum’s growing ecosystem of layer-two networks. With work to mitigate transaction costs on Ethereum currently underway, Buterin asserts that now is the time to begin exploring how Ethereum can be used to tackle other issues, stating: “the Ethereum ecosystem has to expand beyond just making tokens that help with trading other tokens.” “If you just take this narrow thing that is DeFi, and you keep pushing it to infinity [...] you’re just gonna get tokens that give you profit from yield farming other currencies that are financial derivatives between other yield farming tokens,” he said. Despite noting that financial derivatives offer some value to the sector, Buterin warned of the systemic risk associated with complex derivative products, concluding: “Let’s not just do DeFi.” “These things are valuable up to layer-one and layer-two, [...] but once you get to layer-six, you’re actually increasing the financial instability and the risk this whole thing is going to collapse.” #Ethereum #DeFi |
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2021/07/22 04:26:36
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2021/07/22 04:26:30
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}decryptonewsremoved vote from (0.00%) @decryptonews / spacex-owns-bitcoin-elon-musk-and-nic-carter-believe-btc-is-becoming-greener2021/07/22 04:26:27
decryptonewsremoved vote from (0.00%) @decryptonews / spacex-owns-bitcoin-elon-musk-and-nic-carter-believe-btc-is-becoming-greener
2021/07/22 04:26:27
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2021/07/22 04:26:21
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2021/07/22 04:25:45
| author | decryptonews |
| body | Tether’s general counsel said a full audit is coming in months. https://images.cointelegraph.com/images/717_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDcvZWZiZGI1MmUtMmQxZi00OWQ1LTliZDYtODUyZTEzYTIyNzFjLmpwZw==.jpg There will be an official audit of the world’s most popular stablecoin Tether within months according to the project’s general counsel. An audit for the world’s third-largest digital asset has been awaited for several years and increased regulatory pressure appears to have accelerated the process. In a rare mainstream media interview on CNBC, Tether CTO Paolo Ardoino and general counsel Stu Hoegner were asked some pressing questions on the subject of USDT’s backing and transparency. Hoegner responded to the question by saying: “We are working towards getting financial audits, which no one else in the stablecoin sector has done yet.” Hoegner added that the firm hopes to be the first to do so and that audits will be coming in “months, not years”. He stated that Tether is backed one-to-one with its reserves but admitted that those reserves were not all US dollars. According to Hoegner, Tether’s reserves are heavily dollar-weighted but also include cash equivalents, bonds, secured loans, crypto assets, and other investments. The current market capitalization of USDT is 62 billion according to Tether’s transparency report. It has grown by 195% since the beginning of the year but has lagged behind rivals USDC and BUSD in terms of growth. Related: Coin Metrics co-founder takes aim at WSJ's Tether FUD Circle released its own reserves disclosure report on July 21, revealing that 61% of USDC’s reserves were held in cash and cash equivalents with the rest in commercial paper accounts, treasuries, and bonds. Paxos takes a swipe In a related development, rival stablecoin company Paxos took a swipe at both Tether and Circle in a July 21 blog post claiming that they are “not comprehensively overseen by any financial regulators.” “Neither USDC nor Tether is a regulated digital asset, for the simple reason that neither token has a regulator. In fact, neither USDC nor Tether tokens are ‘stablecoins’ in anything other than name.” Paxos revealed that 96% of its own stablecoin reserves are cash or cash equivalents. Tether revealed a breakdown of its USDT backing for the first time in May, following increased scrutiny from U.S. lawmakers. The firm has been submitting periodic reports regarding its reserves since reaching a settlement with the New York Attorney General’s Office in February. #Circle #Paxos #Tether #Stablecoin #Regulation |
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| permlink | tether-promises-an-audit-in-months-as-paxos-claims-usdt-is-not-a-real-stablecoin |
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"body": "Tether’s general counsel said a full audit is coming in months.\nhttps://images.cointelegraph.com/images/717_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDcvZWZiZGI1MmUtMmQxZi00OWQ1LTliZDYtODUyZTEzYTIyNzFjLmpwZw==.jpg\n\nThere will be an official audit of the world’s most popular stablecoin Tether within months according to the project’s general counsel.\n\nAn audit for the world’s third-largest digital asset has been awaited for several years and increased regulatory pressure appears to have accelerated the process.\n\nIn a rare mainstream media interview on CNBC, Tether CTO Paolo Ardoino and general counsel Stu Hoegner were asked some pressing questions on the subject of USDT’s backing and transparency.\n\nHoegner responded to the question by saying:\n\n“We are working towards getting financial audits, which no one else in the stablecoin sector has done yet.”\n\nHoegner added that the firm hopes to be the first to do so and that audits will be coming in “months, not years”. He stated that Tether is backed one-to-one with its reserves but admitted that those reserves were not all US dollars. According to Hoegner, Tether’s reserves are heavily dollar-weighted but also include cash equivalents, bonds, secured loans, crypto assets, and other investments.\n\nThe current market capitalization of USDT is 62 billion according to Tether’s transparency report. It has grown by 195% since the beginning of the year but has lagged behind rivals USDC and BUSD in terms of growth.\n\nRelated: Coin Metrics co-founder takes aim at WSJ's Tether FUD\n\nCircle released its own reserves disclosure report on July 21, revealing that 61% of USDC’s reserves were held in cash and cash equivalents with the rest in commercial paper accounts, treasuries, and bonds.\n\nPaxos takes a swipe\nIn a related development, rival stablecoin company Paxos took a swipe at both Tether and Circle in a July 21 blog post claiming that they are “not comprehensively overseen by any financial regulators.”\n\n“Neither USDC nor Tether is a regulated digital asset, for the simple reason that neither token has a regulator. In fact, neither USDC nor Tether tokens are ‘stablecoins’ in anything other than name.”\n\nPaxos revealed that 96% of its own stablecoin reserves are cash or cash equivalents.\n\nTether revealed a breakdown of its USDT backing for the first time in May, following increased scrutiny from U.S. lawmakers. The firm has been submitting periodic reports regarding its reserves since reaching a settlement with the New York Attorney General’s Office in February.\n\n#Circle\n#Paxos\n#Tether\n#Stablecoin\n#Regulation",
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}decryptonewspublished a new post: spacex-owns-bitcoin-elon-musk-and-nic-carter-believe-btc-is-becoming-greener2021/07/22 04:20:18
decryptonewspublished a new post: spacex-owns-bitcoin-elon-musk-and-nic-carter-believe-btc-is-becoming-greener
2021/07/22 04:20:18
| author | decryptonews |
| body | Musk revealed that SpaceX owns Bitcoin and that Tesla may be close to accepting BTC payments again after looking into BTC’s sustainability. https://images.cointelegraph.com/images/717_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDcvNDQyOTIwZjAtN2RiMy00YzJjLWIwYmMtZTY4MTVkY2MwZjdlLmpwZw==.jpg Tesla CEO Elon Musk has revealed for the first time that his firm SpaceX owns Bitcoin (BTC). The company is yet to officially announce how much Bitcoin it has purchased, however Musk's other company Tesla purchased $1.5B of the cryptocurrency earlier this year which sparked a major Bitcoin price rally. That rally came to an abrupt end after Tesla stopped taking Bitcoin payments due to environmental concerns, but speaking at "The ₿ Word" — a virtual Bitcoin (BTC) event — the erratic tech billionaire suggested Tesla was on the verge of accepting the cryptocurrency again following promising signs the percentage of renewable energy used for mining was increasing. The changing narrative of Bitcoin going "green" may help reignite a rally, with Coin Metrics co-founder Nic Carter telling CNBC a few hours ago that BTC’s fundamentals are getting better in terms of sustainability. Musk appeared alongside Ark Invest CEO Cathie Wood, and Twitter CEO Jack Dorsey, and moderator Steve Lee from Square Crypto. Musk did not reveal any additional details about SpaceX's purchase apart from saying: “I do own Bitcoin, Tesla owns Bitcoin, SpaceX owns Bitcoin, and I do personally own a bit of Ethereum and Dogecoin of course.” He did add that: “We’re not selling any Bitcoin, nor am I selling anything personally or nor is SpaceX selling any Bitcoin.” The statement confirms longstanding speculation the space infrastructure company was adding Bitcoin to its reserves. In mid-March, Anthony Scaramucci claimed in a Tweet that he believed Musk did not stop with just Tesla's purchase. https://twitter.com/Scaramucci/status/1372932338368282624 During the event, Musk donned a BTC themed t-shirt and appeared to be relatively optimistic about the future of digital gold as he stated that he owns "much more Bitcoin than Ether or DOGE." https://twitter.com/scottmelker/status/1417921181622091780 Musk stated that there “appears to be a positive trend” in renewable energy usage for BTC mining, citing the recent closure of coal-powered mining plants in China. “I want to do a little more diligence to confirm that the percentage of renewable energy usage is most likely at or above 50% and that there is a trend towards increasing that number. If so, Tesla will resume accepting Bitcoin,” he said. Nic Carter discusses mining on CNBC Speaking about Musk’s latest comments with CNBC’s Fast Money on July 22, Carter said he was “glad” that Musk had began to evaluate the “ facts on the ground because they are very favorable.” Carter echoed Musk’s sentiments on China-based BTC mining, noting that the “Chinese hash rate was very much influenced by energy produced by coal,” and that there had been a lack of transparency from “anonymous miners” in that region. “The fundamentals are getting better in terms of the sustainability of Bitcoin,” Carter said. The Coinmetrics co-founder pointed to the fact miners in the U.S and Canada are more likely to use sustainable practices and are more willing to disclose information. “A lot of that [mining in China] has been replaced by mining in Canada and the U.S., where miners are much more sustainably focused. We’re also seeing a lot more disclosure from miners, 32% of the hash rate joined a council, the Bitcoin Mining Council, and they produce quarterly disclosures now,” he said. Carter referenced the Bitcoin Mining Council's (BMC) recent study which surveyed 32% of miners on the BTC.network. The poll produced an estimate of a 67% sustainable power mix in Q2. It is unclear if Musk has factored in this survey as part of his due diligence, however, as it relied on self-reported data from a limited set of just three survey questions. Carter conceded that the sustainability of BTC is not going to be fully verifiable until the world sees where the majority of miners set up shop following the exodus from China. However, in his own view, he stated that: “I think Bitcoin is perfectly suitable for payments today, and of course the environmental costs are offset by its enormous utility” #Business #Bitcoin Mining #Tesla #Elon Musk #Sustainability #zzan |
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| title | SpaceX owns Bitcoin, Elon Musk and Nic Carter believe BTC is becoming greener |
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"body": "Musk revealed that SpaceX owns Bitcoin and that Tesla may be close to accepting BTC payments again after looking into BTC’s sustainability.\n\nhttps://images.cointelegraph.com/images/717_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDcvNDQyOTIwZjAtN2RiMy00YzJjLWIwYmMtZTY4MTVkY2MwZjdlLmpwZw==.jpg\n\nTesla CEO Elon Musk has revealed for the first time that his firm SpaceX owns Bitcoin (BTC).\n\nThe company is yet to officially announce how much Bitcoin it has purchased, however Musk's other company Tesla purchased $1.5B of the cryptocurrency earlier this year which sparked a major Bitcoin price rally.\n\nThat rally came to an abrupt end after Tesla stopped taking Bitcoin payments due to environmental concerns, but speaking at \"The ₿ Word\" — a virtual Bitcoin (BTC) event — the erratic tech billionaire suggested Tesla was on the verge of accepting the cryptocurrency again following promising signs the percentage of renewable energy used for mining was increasing.\n\nThe changing narrative of Bitcoin going \"green\" may help reignite a rally, with Coin Metrics co-founder Nic Carter telling CNBC a few hours ago that BTC’s fundamentals are getting better in terms of sustainability.\n\nMusk appeared alongside Ark Invest CEO Cathie Wood, and Twitter CEO Jack Dorsey, and moderator Steve Lee from Square Crypto. Musk did not reveal any additional details about SpaceX's purchase apart from saying:\n\n“I do own Bitcoin, Tesla owns Bitcoin, SpaceX owns Bitcoin, and I do personally own a bit of Ethereum and Dogecoin of course.”\n\nHe did add that: “We’re not selling any Bitcoin, nor am I selling anything personally or nor is SpaceX selling any Bitcoin.”\n\nThe statement confirms longstanding speculation the space infrastructure company was adding Bitcoin to its reserves. In mid-March, Anthony Scaramucci claimed in a Tweet that he believed Musk did not stop with just Tesla's purchase.\n\nhttps://twitter.com/Scaramucci/status/1372932338368282624\n\nDuring the event, Musk donned a BTC themed t-shirt and appeared to be relatively optimistic about the future of digital gold as he stated that he owns \"much more Bitcoin than Ether or DOGE.\"\n\nhttps://twitter.com/scottmelker/status/1417921181622091780\n\nMusk stated that there “appears to be a positive trend” in renewable energy usage for BTC mining, citing the recent closure of coal-powered mining plants in China.\n\n“I want to do a little more diligence to confirm that the percentage of renewable energy usage is most likely at or above 50% and that there is a trend towards increasing that number. If so, Tesla will resume accepting Bitcoin,” he said.\n\n Nic Carter discusses mining on CNBC\n\nSpeaking about Musk’s latest comments with CNBC’s Fast Money on July 22, Carter said he was “glad” that Musk had began to evaluate the “ facts on the ground because they are very favorable.”\n\nCarter echoed Musk’s sentiments on China-based BTC mining, noting that the “Chinese hash rate was very much influenced by energy produced by coal,” and that there had been a lack of transparency from “anonymous miners” in that region.\n\n“The fundamentals are getting better in terms of the sustainability of Bitcoin,” Carter said. The Coinmetrics co-founder pointed to the fact miners in the U.S and Canada are more likely to use sustainable practices and are more willing to disclose information.\n\n“A lot of that [mining in China] has been replaced by mining in Canada and the U.S., where miners are much more sustainably focused. We’re also seeing a lot more disclosure from miners, 32% of the hash rate joined a council, the Bitcoin Mining Council, and they produce quarterly disclosures now,” he said.\n\nCarter referenced the Bitcoin Mining Council's (BMC) recent study which surveyed 32% of miners on the BTC.network. The poll produced an estimate of a 67% sustainable power mix in Q2.\n\nIt is unclear if Musk has factored in this survey as part of his due diligence, however, as it relied on self-reported data from a limited set of just three survey questions.\n\nCarter conceded that the sustainability of BTC is not going to be fully verifiable until the world sees where the majority of miners set up shop following the exodus from China. However, in his own view, he stated that:\n\n“I think Bitcoin is perfectly suitable for payments today, and of course the environmental costs are offset by its enormous utility”\n\n#Business\n#Bitcoin Mining\n#Tesla\n#Elon Musk\n#Sustainability\n#zzan",
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}baldpadeflagged (-100.00%) @decryptonews / ftx-crypto-exchange-valued-at-usd18b-in-usd900m-funding-round2021/07/21 17:53:30
baldpadeflagged (-100.00%) @decryptonews / ftx-crypto-exchange-valued-at-usd18b-in-usd900m-funding-round
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}baldpadeflagged (-100.00%) @decryptonews / binance-stops-stock-token-sales-effective-immediately2021/07/21 17:53:21
baldpadeflagged (-100.00%) @decryptonews / binance-stops-stock-token-sales-effective-immediately
2021/07/21 17:53:21
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}baldpadeflagged (-100.00%) @decryptonews / china-is-pumping-money-out-of-the-us-with-bitcoin2021/07/21 17:53:12
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}baldpadeflagged (-100.00%) @decryptonews / opensea-is-the-latest-crypto-unicorn-after-usd100m-funding-round2021/07/21 17:52:54
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}adeljosereplied to @decryptonews / qwltc52021/07/21 16:48:09
adeljosereplied to @decryptonews / qwltc5
2021/07/21 16:48:09
| author | adeljose |
| body | Greetings friend @decryptonews Welcome to this great platform, I am glad to see that you have decided to join Steemit, therefore, I invite you to share original and good quality content. I am @adeljose, Venezuela Representative in Steemit, our desire is to help you grow in this platform, so I want to invite you to be part of [Newcomers' Community]( https://steemit.com/trending/hive-172186) managed by @cryptokannon. In it, you can develop the necessary knowledge to understand how the Steemit platform works, you only have to start by completing [Achievement 1](https://steemit.com/hive-172186/@cryptokannon/achievement-1-mentor-by-cryptokannon-verification-through-introduction), and when you complete the achievements, you can have the opportunity to receive support from "Steem Greeters", through the "500SP minnowsupport" program. It is important to let you know that we must indicate the source of all content we take from the Internet, otherwise, it will be considered as plagiarism. Here are the sources of the content used: https://cryptopumpnews.com/bitcoin-news/new-data-hints-why-bitcoin-price-action-has-spent-two-months-at-30k/ I copy those responsible for registration and follow-up: @steemcurator01 and @endingplagiarism |
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decryptonewsupdated their account properties
2021/07/21 16:08:39
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2021/07/21 16:03:30
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decryptonewscustom json: community
2021/07/21 16:03:24
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}brokeneyesflagged (-100.00%) @decryptonews / ftx-crypto-exchange-valued-at-usd18b-in-usd900m-funding-round2021/07/21 12:19:24
brokeneyesflagged (-100.00%) @decryptonews / ftx-crypto-exchange-valued-at-usd18b-in-usd900m-funding-round
2021/07/21 12:19:24
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brokeneyesflagged (-100.00%) @decryptonews / binance-stops-stock-token-sales-effective-immediately
2021/07/21 12:19:18
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}brokeneyesflagged (-100.00%) @decryptonews / china-is-pumping-money-out-of-the-us-with-bitcoin2021/07/21 12:19:09
brokeneyesflagged (-100.00%) @decryptonews / china-is-pumping-money-out-of-the-us-with-bitcoin
2021/07/21 12:19:09
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2021/07/21 12:19:03
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}brokeneyesflagged (-100.00%) @decryptonews / opensea-is-the-latest-crypto-unicorn-after-usd100m-funding-round2021/07/21 12:18:57
brokeneyesflagged (-100.00%) @decryptonews / opensea-is-the-latest-crypto-unicorn-after-usd100m-funding-round
2021/07/21 12:18:57
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2021/07/21 12:18:48
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2021/07/21 12:18:39
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2021/07/21 12:18:33
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2021/07/21 12:18:24
| author | decryptonews |
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2021/07/21 12:18:15
| author | decryptonews |
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}decryptonewsupvoted (100.00%) @decryptonews / qwld5w2021/07/21 10:59:12
decryptonewsupvoted (100.00%) @decryptonews / qwld5w
2021/07/21 10:59:12
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}decryptonewsreplied to @steemitblog / qwld5w2021/07/21 10:58:45
decryptonewsreplied to @steemitblog / qwld5w
2021/07/21 10:58:45
| author | decryptonews |
| body | keep it up |
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}decryptonewsupvoted (100.00%) @casini / edgecoin-secure-global-payment-system2021/07/21 10:57:24
decryptonewsupvoted (100.00%) @casini / edgecoin-secure-global-payment-system
2021/07/21 10:57:24
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2021/07/21 10:57:18
| author | gressie.thomson |
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2021/07/21 10:57:15
| author | gressie.thomson |
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}decryptonewsupvoted (100.00%) @mariobagus / samecoin2021/07/21 10:57:09
decryptonewsupvoted (100.00%) @mariobagus / samecoin
2021/07/21 10:57:09
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}decryptonewsupvoted (100.00%) @c3r34lk1ll3r / crypto-report-16268575328542021/07/21 10:57:03
decryptonewsupvoted (100.00%) @c3r34lk1ll3r / crypto-report-1626857532854
2021/07/21 10:57:03
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}decryptonewspublished a new post: new-data-hints-why-bitcoin-price-action-has-spent-two-months-at-usd30k2021/07/21 10:54:57
decryptonewspublished a new post: new-data-hints-why-bitcoin-price-action-has-spent-two-months-at-usd30k
2021/07/21 10:54:57
| author | decryptonews |
| body | Multiple factors demonstrate why $30,000 is so important for BTC/USD within an ongoing price “supercycle.” https://images.cointelegraph.com/images/717_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDcvZjY2NWJlM2ItMzFhNS00ZTA3LTljZmEtZjljNzcxODI3ZmQxLmpwZw==.jpg Bitcoin (BTC) has seen almost two months of rangebound price moves after hitting $30,000 — and new data hints why. In a series of tweets on Thursday, popular Twitter commentator Nunya Bizniz presented multiple arguments supporting the significance of $30,000 for BTC/USD. All roads lead to $30,000? Despite rising fundamentals and ongoing adoption narratives, BTC price action has failed to reestablish a bullish trend. Still 50% below recent all-time highs, Bitcoin is without direction, something that leads opinions to favor a bearish outcome of what has been eight weeks of sideways movement. For Nunyaz Bizniz, there are a number of technical factors that are converging to support $30,000 as a focal level. These include $30,000 being “approximately” the 1.618 Fibonacci extension level on the monthly chart versus the $3,100 lows in late 2018, as well as the 2021 yearly opening price. Its psychological significance is compounded by it being a round number, and as others have noted, it fits into a longer-term trendline, which places $64,500 as something of a mini-run to a blow-off top. “It’s approximately the 1.618 Fib Ext. Which in the two prior cycles was tested as support but was never closed below on the monthly chart,” accompanying comments read about the Fibonacci phenomenon. “This time?” https://s3.cointelegraph.com/uploads/2021-07/b973d0e6-f47f-4d07-98ad-872ceac5314e.png The importance for Bitcoin not to break below $30,000 and fail to reclaim it compounds existing anxiety about a full-on BTC price breakdown. Amid the unease, some voices caution that it is only a desire to interpret events to push one’s own narrative, bullish or bearish, which is at play. Bitcoin itself, meanwhile, is not as weak as price suggests, as fundamentals confirm. “Regardless on your risk appetite, strategizing now is key, so as not to miss the next wave in this current Bitcoin supercycle,” Stack Funds concluded in its latest report released Thursday. https://s3.cointelegraph.com/uploads/2021-07/53ca6303-a699-4001-b723-86a67227db76.png Nunya Bizniz, meanwhile, included Tesla’s BTC stash as a potential sticking point. Below $30,000, the user calculated, the firm would start being underwater, which may trigger executive demands to sell more in order to reduce losses. As Cointelegraph reported, investors are already back in the accumulation phase around $30,000. #Bitcoin #Bitcoin Price #Markets |
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| title | New data hints why Bitcoin price action has spent two months at $30K |
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"body": "Multiple factors demonstrate why $30,000 is so important for BTC/USD within an ongoing price “supercycle.”\nhttps://images.cointelegraph.com/images/717_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDcvZjY2NWJlM2ItMzFhNS00ZTA3LTljZmEtZjljNzcxODI3ZmQxLmpwZw==.jpg\n\nBitcoin (BTC) has seen almost two months of rangebound price moves after hitting $30,000 — and new data hints why.\n\nIn a series of tweets on Thursday, popular Twitter commentator Nunya Bizniz presented multiple arguments supporting the significance of $30,000 for BTC/USD.\n\nAll roads lead to $30,000?\n\nDespite rising fundamentals and ongoing adoption narratives, BTC price action has failed to reestablish a bullish trend.\n\nStill 50% below recent all-time highs, Bitcoin is without direction, something that leads opinions to favor a bearish outcome of what has been eight weeks of sideways movement.\n\nFor Nunyaz Bizniz, there are a number of technical factors that are converging to support $30,000 as a focal level.\n\nThese include $30,000 being “approximately” the 1.618 Fibonacci extension level on the monthly chart versus the $3,100 lows in late 2018, as well as the 2021 yearly opening price.\n\nIts psychological significance is compounded by it being a round number, and as others have noted, it fits into a longer-term trendline, which places $64,500 as something of a mini-run to a blow-off top.\n\n“It’s approximately the 1.618 Fib Ext. Which in the two prior cycles was tested as support but was never closed below on the monthly chart,” accompanying comments read about the Fibonacci phenomenon.\n\n“This time?”\nhttps://s3.cointelegraph.com/uploads/2021-07/b973d0e6-f47f-4d07-98ad-872ceac5314e.png\nThe importance for Bitcoin not to break below $30,000 and fail to reclaim it compounds existing anxiety about a full-on BTC price breakdown.\n\nAmid the unease, some voices caution that it is only a desire to interpret events to push one’s own narrative, bullish or bearish, which is at play.\n\nBitcoin itself, meanwhile, is not as weak as price suggests, as fundamentals confirm.\n\n“Regardless on your risk appetite, strategizing now is key, so as not to miss the next wave in this current Bitcoin supercycle,” Stack Funds concluded in its latest report released Thursday.\nhttps://s3.cointelegraph.com/uploads/2021-07/53ca6303-a699-4001-b723-86a67227db76.png\nNunya Bizniz, meanwhile, included Tesla’s BTC stash as a potential sticking point. Below $30,000, the user calculated, the firm would start being underwater, which may trigger executive demands to sell more in order to reduce losses.\n\nAs Cointelegraph reported, investors are already back in the accumulation phase around $30,000.\n\n#Bitcoin\n#Bitcoin Price\n#Markets",
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}decryptonewspublished a new post: sunday-s-gbtc-unlock-held-more-shares-than-the-remaining-events-combined2021/07/21 10:45:36
decryptonewspublished a new post: sunday-s-gbtc-unlock-held-more-shares-than-the-remaining-events-combined
2021/07/21 10:45:36
| author | decryptonews |
| body | Even if unlocking events were able to directly spark Bitcoin sell-offs, the worst is easily over, data shows. https://images.cointelegraph.com/images/717_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDcvYzhmODJmMWItY2MxNC00ODYzLWE1OGEtM2JmN2Y2NGEyZWQ3LmpwZw==.jpg Bitcoin (BTC) is rebounding despite the ongoing Grayscale Bitcoin Trust (GBTC) unlocking events — and most shares are already released. According to data from tracking resource Bybt, the remaining unlockings combined involve fewer shares than those which were released on just one day last weekend. Putting an end to GBTC "FUD" uly 18 saw around 16,240 BTC worth of GBTC shares end their six-month lock-up period. The largest such release in a single day, the event saw a hefty build-up, with arguments raging over its likely impact on the Bitcoin price. Monday's BTC price dip was timely when it came to GBTC, fitting a narrative that a sell-off would follow such large releases. Even if that were true, Bitcoin hodlers now have a silver lining — unlockings are only scheduled until August 25, and the outstanding shares are fewer in number than Sunday's tranche. https://s3.cointelegraph.com/uploads/2021-07/6a927811-1881-41a1-ac98-1b755396106f.jpg In reality, however, supporting evidence for unlockings resulting in sell-offs is lacking. As various sources stress, Bitcoin markets themselves are in fact left out of such events altogether — GBTC shares cannot be redeemed for BTC, which could then theoretically be dumped for cash or stablecoins. "Grayscale just had the biggest GBTC unlock today and nothing exploded," popular Twitter commentator Lark Davis wrote on Monday, citing the Bybt figures. "One more big unlock on the 20th and then the whole GBTC crashing bitcoin narrative will be over. What FUD will they come out with next?" That "FUD" had nonetheless infiltrated some of the best-known names in finance, including banking giant JPMorgan. "Selling of GBTC shares exiting the six-month lockup period during June and July has emerged as an additional headwind for bitcoin," a report claimed earlier this month. CEO confident over GBTC performance As Cointelegraph reported, meanwhile, interest in GBTC and Grayscale's other products remains. Related: Grayscale ‘100% committed’ to turning GBTC into Bitcoin ETF — CEO Both Rothschild Investment Corp and ARK Invest have added to their holdings in July, the latter boosting its Bitcoin exposure by an additional 310,000 shares. "GBTC's doing hundreds of millions of dollars a day in notional trading volume, and it really is the easiest way for many investors to add crypto exposure alongside stocks, bonds, ETFs, other things they may own," Grayscale CEO Michael Sonnenshein told Bloomberg Monday. A survey of institutions by asset manager Fidelity likewise revealed positive long-term approaches to cryptocurrency, with 71% of responses planning a market entry in the future. #Bitcoin #Bitcoin Price #Markets #GBTC #Grayscale |
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| title | Sunday's GBTC unlock held more shares than the remaining events combined |
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"body": "Even if unlocking events were able to directly spark Bitcoin sell-offs, the worst is easily over, data shows.\n\nhttps://images.cointelegraph.com/images/717_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDcvYzhmODJmMWItY2MxNC00ODYzLWE1OGEtM2JmN2Y2NGEyZWQ3LmpwZw==.jpg\n\nBitcoin (BTC) is rebounding despite the ongoing Grayscale Bitcoin Trust (GBTC) unlocking events — and most shares are already released.\n\nAccording to data from tracking resource Bybt, the remaining unlockings combined involve fewer shares than those which were released on just one day last weekend.\n\nPutting an end to GBTC \"FUD\"\n\nuly 18 saw around 16,240 BTC worth of GBTC shares end their six-month lock-up period. The largest such release in a single day, the event saw a hefty build-up, with arguments raging over its likely impact on the Bitcoin price.\n\nMonday's BTC price dip was timely when it came to GBTC, fitting a narrative that a sell-off would follow such large releases.\n\nEven if that were true, Bitcoin hodlers now have a silver lining — unlockings are only scheduled until August 25, and the outstanding shares are fewer in number than Sunday's tranche.\n\nhttps://s3.cointelegraph.com/uploads/2021-07/6a927811-1881-41a1-ac98-1b755396106f.jpg\n\nIn reality, however, supporting evidence for unlockings resulting in sell-offs is lacking. As various sources stress, Bitcoin markets themselves are in fact left out of such events altogether — GBTC shares cannot be redeemed for BTC, which could then theoretically be dumped for cash or stablecoins.\n\n\"Grayscale just had the biggest GBTC unlock today and nothing exploded,\" popular Twitter commentator Lark Davis wrote on Monday, citing the Bybt figures.\n\n\"One more big unlock on the 20th and then the whole GBTC crashing bitcoin narrative will be over. What FUD will they come out with next?\"\nThat \"FUD\" had nonetheless infiltrated some of the best-known names in finance, including banking giant JPMorgan.\n\n\"Selling of GBTC shares exiting the six-month lockup period during June and July has emerged as an additional headwind for bitcoin,\" a report claimed earlier this month.\n\nCEO confident over GBTC performance\nAs Cointelegraph reported, meanwhile, interest in GBTC and Grayscale's other products remains.\n\nRelated: Grayscale ‘100% committed’ to turning GBTC into Bitcoin ETF — CEO\n\nBoth Rothschild Investment Corp and ARK Invest have added to their holdings in July, the latter boosting its Bitcoin exposure by an additional 310,000 shares.\n\n\"GBTC's doing hundreds of millions of dollars a day in notional trading volume, and it really is the easiest way for many investors to add crypto exposure alongside stocks, bonds, ETFs, other things they may own,\" Grayscale CEO Michael Sonnenshein told Bloomberg Monday.\n\nA survey of institutions by asset manager Fidelity likewise revealed positive long-term approaches to cryptocurrency, with 71% of responses planning a market entry in the future.\n\n\n#Bitcoin\n#Bitcoin Price\n#Markets\n#GBTC\n#Grayscale",
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1
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],
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},
"active": {
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1
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],
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"posting": {
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},
"memo": "STM5QA5UgoxByCwTMgwYSEGtdxEbdUJ5HALtRzyXM1rSS1aEZ8wM1"
}Witness Votes
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[]