Bitcoin maximalist paradox: BTC adoption threatening founding principles

Global blockchain applications in telecom will generate $1.37 billion in revenue by 2024, according to a press release by Research and Markets published on April 2.The report, dubbed “Global Blockchain in Telecom Market Forecast up to 2024,” Irish global market research store Research and Markets forecasts blockchain adoption in telecoms to grow at a compound…

The exponential rise in Bitcoin’s price and hash rate is driving critics to once again question the largest blockchain’s energy efficiency — with calls for “green hackers” to band together to mount an attack on the network.Total world production and consumption vs. Bitcoin. Source: CBECIA self styled “developer and ecologist” who goes by the name…

BTC price action over the past month has had major consequences for Bitcoin investor dynamics.

A familiar problem presents itself to BTC markets this week as $40,000 resistance proves too hard to even attempt. 244 Total views 3 Total shares Bitcoin (BTC) fell further pre-Wall Street on Feb. 3 as analysis revealed old resistance levels had returned to haunt bulls.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView$38,600 is backData from Cointelegraph…

In 2018, Bitfury raised $80 million from investors like Michael Novogratz’s Galaxy Digital at a $1 billion valuation. 55 Total views 23 Total shares Bitfury, one of the world’s largest companies in the blockchain industry, is mulling a potential initial public offering, or IPO, as part of the company’s global growth plans, the company’s CEO…

Gala Games said the unusual activity of its pGALA token was actually part of efforts to safeguard it from potential attack. 739 Total views 4 Total shares Blockchain gaming company Gala Games urged its community for calm after misplaced fears of a  multi-billion dollar rug pull or hack caused the GALA token to temporarily crash…

CoinShares noted that despite “price weakness and perceived negative impact from the looming conflict in Eastern Europe,” digital asset investment products saw inflows totaling $109 last week. 894 Total views 20 Total shares Amid a marketwide downturn across major crypto assets over the past week, institutional traders tipped almost $89 million into Bitcoin (BTC) funds.…

Bitcoin’s market cap was less than $100 million short of $1 trillion for a few brief moments today. 2874 Total views 17 Total shares Bitcoin is closing in on a trillion dollar market cap, with the total value of all Bitcoin crossing $900B for the first time today as the price hit new record highs.Bitstamp,…

CEO of online travel giant Booking Holdings believes that blockchain-based currencies will continue to grow and gain more popularity.Glenn Fogel, recently appointed CEO of Booking, expressed his support of cryptocurrencies in an interview with New York-based travel publication Skift on Aug. 20. In the interview, Fogel discussed blockchain and crypto alongside with major issues in…